N.S. government tables bill to review new regulation system for Nova Scotia Power

The Nova Scotia government has tabled a bill to review the regulation system governing Nova Scotia Power, the province's major utility. The legislative move initiates a formal examination of how the company earns its income to determine if current structures adequately drive service improvements and public accountability.

According to the government, the proposed regulatory framework could introduce specific performance incentives for the utility to meet established targets. Additionally, the system is designed to trigger penalties for poor performance.