Houston defends decision to cap power rates , says Nova Scotia Power should manage business
“. . .
NDP leader Claudia Chender suggested the downgrading of Nova Scotia Power’s credit rating might have been avoided had the government supported NDP legislation last spring. That legislation proposed changing the regulatory structure to tie earnings by Nova Scotia Power to performance standards around affordability and environmental targets.
“We heard the Premier say, ‘Nova Scotia Power should think about Nova Scotians,’” Chender said. “They aren’t going to do that. They’re a company and their sole reason to exist is to make money. We actually can influence that. We have a regulatory structure that we design. We can make it so that they need to think about our affordability and our environmental needs. That doesn’t just come from hopes and wishes. It comes from difficult legislative work that this government refused to do.”
. . .”