Regulator gives green light to revised agreement on Maritime Link
by The Canadian Press
Nova Scotia's Utility and Review Board says revised deal satisfies conditions outlined earlier this year
HALIFAX—Nova Scotia’s energy regulator has approved a revised agreement from energy company Emera to proceed with the $1.5-billion Maritime Link project.
The subsea link would ship hydroelectricity from the Muskrat Falls project from Newfoundland to Nova Scotia.
Nova Scotia’s Utility and Review Board tentatively endorsed the Maritime Link earlier this year, but it attached a list of conditions to ensure the project doesn’t impose a heavy burden on the province’s electricity customers.
The board says a revised deal from Emera satisfies those conditions.
Nova Scotia’s consumer and small business advocates said they couldn’t support the revised agreement because it isn’t in the interests of the province’s ratepayers.
Emera and Nalcor Energy, Newfoundland and Labrador’s Crown energy company, are aiming to have power flowing from Muskrat Falls in 2017.
