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Premier Tim Houston says bills passed by his caucus will modernize the way the government works, but opposition members believe they will create unintended consequences.
The Nova Scotia Legislature passed a government bill to cap power rate increases Tuesday, but opposition MLAs remain concerned that unintended consequences could lead to long-term pain for utility customers.
The Atlantic Loop would enable the delivery of hydroelectricity from Labrador and Quebec into Maritime provinces that rely mostly on fossil fuels. But the company behind the project has hit the brakes because of electricity rate caps introduced by the N.S. government.
Premier Tim Houston says legislation his government is using to limit rate increases for Nova Scotia Power could be used again if he decides it is required.
A proposed bill to cap rate increases for Nova Scotia Power for the next two years may bring short-term satisfaction for ratepayers, but would create a number of long-term problems, according to business and consumer advocates and the company alike.