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Nova Scotia Power Requests Rate Increase for Storm Recovery Costs



Nova Scotia Power is proposing a rate increase to recover $22 million spent on storm restoration efforts last year. The utility has requested a 1.3% rate hike for customers, effective January 2025, with domestic customers facing a 1.7% increase. This rate adjustment, intended to cover severe storm costs from 2023, would last one year and is in addition to a separate request for $24.6 million related to 2022's post-tropical storm Fiona. The utility emphasized the growing frequency and intensity of storms due to climate change as a significant challenge, noting that 2023 saw six severe weather events including post-tropical storms Lee and Philippe. This rate proposal follows a 14% increase approved over two years to help the utility manage rising storm management costs.






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