What’s good for one isn’t necessarily good for the other, Nova Scotia Power president and CEO Ralph Tedesco is argu…
What’s good for one isn’t necessarily good for the other, Nova Scotia Power president and CEO Ralph Tedesco is arguing.
According to a report by the Chronicle Herald, Tedesco is warning that Nova Scotians will be slapped with higher energy bills if Stora Enso is successful in its bid for cheaper electricity.
“For other customers very likely it would mean higher bills if Stora gets what it is looking for,” the Herald reported him as saying. “They (power rates) would go up several percentage points.”
The report confirmed Tedesco as saying other customers would be forced to make up for Nova Scotia Power’s lost revenues, pinned between $58-$200 million over the next five years.
Tedesco directed his comments to reporters on the opening day of a regulatory hearing in Halifax into revamped electricity rates for both Stora Enso Port Hawkesbury and Bowater Mersey Pulp and Paper Company.
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