Nova Scotia Power clarifies Nov. 7 Annually Adjusted Rate filing, says filing is unrelated to economic circumstances of NewPage's Port Haweskbury mill or Bowater Mersey Paper
HALIFAX, Nova Scotia
November 10, 2011
– Nova Scotia Power is clarifying information related to a regulatory filing the company made on November 7, 2011. The filing relates to Annually Adjusted Rates, which are filed each November in accordance with Nova Scotia’s regulatory process.
Annually Adjusted Rates are affected by fuel prices, so they are set late in the year when Nova Scotia Power has the best information about fuel costs for the year ahead. The filing includes six different annually adjusted rates, one of which is the Generation Replacement and Load Following (GRLF) Rate.
Here are the facts: