Published • loading... • Updated
New Bill Could Regulate Nova Scotia Utilities Based on Performance
The proposed law would tie Nova Scotia Power’s earnings to performance measures, with the board required to review models used in Ontario and other jurisdictions.
- On Wednesday, Nova Scotia Premier Tim Houston tabled Bill 263 at Province House, proposing a "Performance-Based-Regulation model" to tie Nova Scotia Power's earnings to utility reliability and customer service.
- Seeking to address resident frustration, Houston described this as the "appropriate moment" to act, moving away from the century-old cost-of-service model that residents felt undervalued their payments.
- Under a performance-based system, the utility provider could face financial consequences when performance falls short of "established targets," but may also receive additional rewards for exceeding metrics.
- The Nova Scotia Energy Board must begin a review within 30 days of the act's effective date, examining models from Ontario, Alberta, and New York State before recommending changes to the Energy Department.
- NDP Leader Claudia Chender and Interim Liberal Leader Iain Rankin expressed support, calling the bill "a step in the right direction," while Nova Scotia Power said it would "welcome the opportunity to work with government" on the objective.
Insights by Ground AI
14 Articles
14 Articles
The Toronto Star+7 Reposted by 7 other sources
N.S. government tables bill to review new regulation system for Nova Scotia Power
HALIFAX - The premier of Nova Scotia Premier says his government is triggering a review into how the province's major power utility earns its income in order to see whether this leads to better service and accountability.
·Toronto, Canada
Read Full Article
New bill could regulate Nova Scotia utilities based on performance
A new piece of legislation introduced to the Nova Scotia Legislature Wednesday could lead to a new “Performance-Based-Regulation model”, designed to ensure Nova Scotia Power’s earnings are tied to utility reliability. Bill 263 will be read to the legislature for its first time on September 9, bringing a whole new approach to Nova Scotia Power’s […]
·Toronto, Canada
Read Full Article
Coverage Details
Total News Sources14
Leaning Left7Leaning Right1Center2Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 20%
Factuality
To view factuality data please Upgrade to Premium
