Nova Scotia to Amend Regulations Allowing Power Utility to Convert $1 Billion in Costs to Long-Term Debt
The Nova Scotia government announced on Friday that it will amend regulations under the Public Utilities Act, enabling Nova Scotia Power to apply to the Nova Scotia Energy Board to convert $1 billion in costs into long-term debt.
The Nova Scotia government announced on Friday that it will amend regulations under the Public Utilities Act. The regulatory changes remove restrictions that previously prevented Nova Scotia Power from applying to the Nova Scotia Energy Board to convert costs into long-term debt.
Under the amended rules, Nova Scotia Power can now seek approval to convert $1 billion worth of costs into long-term debt.