Connect to share and comment

Emera posts strong financial results, citing New England growth, Maritime Link

HALIFAX - Emera Inc. (TSX: EMA) says its operating revenues grew last year by 8.3 per cent to $2.2 billion in year-end results released Monday. The Halifax-based utilities company says the value of its total assets surged to $8.9 billion as of Dec. 31, up by 17.8 per cent from the year before. CEO Chris Huskilson says last year was one of substantial progress for the company, citing growth in the New England market with its acquisition of gas plants as well as the Maritime Link project receiving final regulatory approval.

Energy regulator to table key decision on Maritime Link project

HALIFAX - Nova Scotia's energy regulator is expected to release a key decision Friday on the $1.5-billion Maritime Link project. The Utility and Review Board tentatively endorsed the project earlier this year, but it attached a list of conditions to ensure the project doesn't impose a heavy burden on Nova Scotia ratepayers. The board's decision will reveal whether those conditions have been met by Nova Scotia energy company Emera Inc.

Nova Scotia government adds voice to chorus of opposition over Maritime Link

HALIFAX - The Nova Scotia government added its voice to the chorus of opposition to a revised agreement to build the Maritime Link as a hearing on the $1.5-billion project wrapped up Monday. The provisions of the deal between power company Emera (TSX:EMA) and Nalcor Energy, Newfoundland and Labrador's Crown-owned utility, are vague and put Nova Scotia's ratepayers at risk, a lawyer for the province's Energy Department said.

Maritime Link deal vague and misleading, consultants tell Nova Scotia hearing

HALIFAX - The revised commercial agreement that has become the linchpin for Nova Scotia's $1.5-billion Maritime Link project is "vague and misleading," consultants hired by the province's consumer and business advocates said Friday. The consultants testified at the conclusion of a two-day public hearing held by the province's energy regulator, the Utility and Review Board. Final arguments are slated for Monday, when the province's new Liberal government will reveal its position on the development.

Maritime Link too risky for Nova Scotia power customers, energy regulator told

HALIFAX - A revised agreement to proceed with the Maritime Link project should be rejected because it imposes too much risk on Nova Scotia ratepayers, the province's consumer advocate told the energy regulator Thursday. John Merrick said the agreement between Nova Scotia energy company Emera (TSX:EMA) and Nalcor Energy, Newfoundland and Labrador's Crown-owned energy company, contains too many restrictions and qualifications.

Nova Scotia regulator grants one week delay for Maritime Link hearing

HALIFAX - Nova Scotia's regulator has granted interveners an extra week to prepare for a hearing on a complex commercial agreement for the proposed $1.5-billion Maritime Link project. The Utility and Review Board says the three-day hearing originally scheduled to begin next week will now begin Nov. 14. The board granted requests Tuesday for a delay by the Lower Power Rates Alliance, the Progressive Conservative caucus and Nova Scotia's consumer and small business advocates on the so-called compliance filing. All want more time to consider the agreement.

No looming deadlines for decision on Maritime Link: Nova Scotia energy minister

HALIFAX - Nova Scotia's new energy minister says the province's energy regulator is not constrained by any looming deadlines as it considers a complex commercial agreement that has become a linchpin for the proposed $1.5-billion Maritime Link project. Andrew Younger, sworn in as minister only last week, was responding to calls by Nova Scotia's consumer and small business advocates for more time to study the so-called compliance filing before they have to submit evidence by Friday for public hearings next week.

Advocates calling for more time to study agreement for Maritime Link project

HALIFAX - Advocates for Nova Scotia's consumers, small businesses and electricity ratepayers are saying they need more time to study a complex commercial agreement that deals with the proposed $1.5-billion Maritime Link project. Nelson Blackburn, the province's small business advocate, says the deal between Nova Scotia energy company Emera Inc. (TSX:EMA) and Nalcor Energy, Newfoundland and Labrador's Crown energy company, requires closer scrutiny. Emera held a four-hour technical conference today in Halifax and a round of public hearings is slated for next week.

Hearings on Maritime Link commercial agreement to be held in early November

HALIFAX - Nova Scotia's energy regulator says it will hold hearings next month on a commercial agreement aimed at satisfying its concerns about the proposed $1.5-billion Maritime Link project. The hearings will be held at the offices of the Utility and Review Board in Halifax from Nov. 6 to 8. Earlier this week, Nova Scotia energy company Emera said it had met conditions outlined earlier this year by the board by reaching a commercial agreement with Nalcor Energy, Newfoundland and Labrador's Crown-owned utility.

Emera says it will satisfy conditions to proceed with Muskrat Falls link

HALIFAX - Nova Scotia energy company Emera Inc. filed a proposal Monday that it says satisfies all conditions of a regulatory decision that tentatively sanctioned construction of the company's $1.5-billion Maritime Link. The project involves building a subsea cable that would link Nova Scotia with Newfoundland, allowing Nova Scotia's electric utility to buy green energy generated by the Muskrat Falls hydroelectric plant, which is under construction in Labrador.
Syndicate content