HALIFAX, Dec. 10 /CNW/ - Nova Scotia Power is encouraged by today's
decision from the Nova Scotia Utility and Review Board which establishes clear
direction for implementation of a fuel adjustment mechanism (FAM) effective
January 1, 2009.
"The decision is consistent with the company's submission that such a
mechanism is the fairest and best way to ensure rates for customers reflect
the actual price of fuel used to make electricity," said Ralph Tedesco,
President & CEO of Nova Scotia Power.
Regulatory oversight of fuel costs will continue under a fuel adjustment
mechanism. Nova Scotia Power will continue to work constructively and
collaboratively with stakeholders, to ensure the January 2009 implementation
of a fuel adjustment mechanism occurs as established in the UARB decision.
For further information:
For further information: Margaret Murphy, (902) 428-6436,