Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
MoreBack to News Headlines
Regulator says N.S. Power cannot demand security from would-be competitor

Regulator says N.S. Power cannot demand security from would-be competitor

CBC
Thursday, April 10, 2025 7:36 AM GMT

In a dispute between Nova Scotia Power and an emerging renewable energy company, the provincial energy regulator has sided with the little guy.

The Nova Scotia Energy Board says it will not order Renewall Energy to provide a letter of credit — a document from a financial institution guaranteeing payment — which Nova Scotia Power requested.

Renewall has a licence to sell wind energy directly to consumers using Nova Scotia Power's grid, although it has not begun producing any electricity yet. It's part of a program set up a decade ago by the provincial government and meant to break up Nova Scotia Power's monopoly and increase renewable energy use.

Renewall is so far the only participant in the program, called Renewable to Retail.

Nova Scotia Power is supposed to recover costs for tying new energy providers to the grid through tariffs, but last year the utility said the upfront costs were proving too much. It asked Renewall for a letter of credit to ensure it would be able to recover some of the estimated $6.4 million it anticipates spending.

Renewall refused, so the utility took the issue to the regulator, which issued a decision on the matter this week.

In a letter to Nova Scotia Power, the board said requiring a letter of credit could discourage participation in the program. It said it could force small renewable energy companies to put cash into financial institutions who provide letters of credit.

"That would tie up capital and impact a proponent's business case," the board said. 

"On the other hand, the implementation costs to date, although significant, do not have the same impact on NS Power's financial situation."

Part of Nova Scotia Power's argument for the letter of credit was that it was worried Renewable to Retail would never come to fruition, and it would never get to recover the money it put in.

Renewall has twice blown past deadlines to start making use of its licence. The most recent deadline was Dec. 31, 2024. The board granted an extension to the licence to Dec. 31, 2026. It told Nova Scotia Power that it believes the company "has a realistic prospect" of making good on its plans.

The company did not immediately respond to CBC's request for comment. Its website says it expects to start producing wind energy from its Mersey River project south of Milton, N.S., in 2026.

However, should Renewall fail to launch and no other players enter the program, Nova Scotia Power could look to recoup costs another way.

The board said the utility "is not precluded" from recovering the money it puts into implementing Renewable to Retail from its own ratepayers.

Read full story on CBC
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Inquest into death of Sask. man shot by police near Belle Plaine in 2022 begins

A coroner's inquest into the death of 26-year-old Ryan Booker, who was fatally shot by police near Belle Plaine, Sask., started Monday.

B.C. Conservative Leader John Rustad to face scheduled leadership review amid infighting

B.C. Conservative Leader John Rustad is set to face a leadership review this summer as the province's centre-right party is embroiled by allegations of blackmail and by two splinter parties.

Alberta NDP Leader Naheed Nenshi heading for legislature after byelection win

Alberta NDP Leader Naheed Nenshi has won a byelection in Edmonton-Strathcona, according to unofficial results posted online by Elections Alberta.

5 types of presumptive cancer to be added to coverage list for P.E.I. firefighters

The Workers Compensation Board of P.E.I. has added five more presumptive cancers for which Island firefighters are eligible to receive health coverage, bringing the total to 19.

'Like my big brother': Survivor of Banff rockfall says friend who died saved him

A survivor of a rockfall last week in Banff National Park is remembering his 33-year-old roommate, who didn't make it out alive from under the rubble, as a kind and generous friend.

Hundreds of Canadians have fled Middle East but thousands more remain: officials

Hundreds of Canadians and permanent residents have fled the Middle East as the war between Israel and Iran continues to escalate — but officials estimate there are thousands still in the region.

TTC backs away from platform edge door pilot project at Dundas station

The TTC is backing away from a pilot project that would see platform doors installed at Dundas station next year, saying it will instead ask a committee to consider the measure as part of its 2026 budget priorities.

Trump says Israel and Iran have agreed to a ceasefire

U.S. President Donald Trump announced that Israel and Iran had agreed to a "complete and total ceasefire" soon after Iran launched a limited missile attack Monday on a U.S. military base in Qatar, retaliating for the American bombing of its nuclear sites.

Court shown video of Calgary officer assaulting handcuffed Indigenous man

A Calgary police officer who assaulted an intoxicated, handcuffed Indigenous man by grabbing him by the hair and throwing him to the ground apologized to his victim in court on Monday both publicly and privately before he was handed a one-year, at-home sentence. 

8 ways to help your body cope in hot weather

As people across Ontario, Quebec and major cities in the U.S. swelter under a June heat wave, medical experts are urging them to take precautions in the potentially deadly weather.

Survivors of Toronto's Danforth shooting get green light on lawsuit against gunmaker

Survivors of a mass shooting in Toronto's Greektown and their relatives can proceed with a class-action lawsuit against the gun manufacturer Smith & Wesson after Ontario's top court overturned a ruling that had dismissed their motion to certify the claim.

Extreme heat is hammering Ontario. Here's when it's expected to let up

Extreme heat continued to hammer the Greater Toronto Area and surrounding regions on Monday amid a heat warning from Environment Canada that's expected to last at least on more day for most areas.

Attempted murder case won't proceed against P.E.I. man who pleaded guilty to lesser charges

The case against a Kings County man accused of attempted murder has been resolved in Georgetown with the 26-year-old pleading guilty to two charges, while the more serious charges against him were stayed.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
How 3 words helped find a Cambridge, Ont., woman lost in the woods

Speedboat. Overdid. Cameos.

Potato farmers in P.E.I. asking golfers to practice their swing away from fields

Many golf courses on Prince Edward Island are close to potato fields, and that means an errant tee shot could lead to problems for farmers. 

A year after the Eagle mine failure, questions remain about Yukon's mining future

To Frank Patterson, a First Nations elder in Mayo, Yukon, last year's catastrophic failure at the nearby Eagle gold mine was not a total surprise.

U.S. expecting NATO members to show them the money at leaders' summit

Short and sweet is not usually a phrase associated with the annual NATO leaders' summit, but arguably that's what many member nations are hoping for as U.S. President Donald Trump returns to the table. 

E-scooter, e-bike injuries becoming more common, and severe, area hospitals say

London's hospitals are facing an uptick in both the frequency and severity of injuries involving electric scooters and bikes as the machines become more affordable and popular, according to both a doctor and an injury prevention specialist in the region.

Overdue boater found dead on Bonavista Peninsula shoreline

A man who was reported overdue from a boating trip out of Bloomfield on Newfoundland's Bonavista Peninsula was found dead on a shoreline in nearby Brooklyn, according to the RCMP.

Driver charged after senior left in bus for more than 7 hours

The daughter of an 81-year-old man who was left alone inside a public transit vehicle for about 7½ hours says she has many questions about what led to the incident.

Mental health court to expand to Moncton next year

A program that has existed in Saint John for years is expanding to Moncton.

Why doctors say pregnant people should be extra careful during a heatwave

With extreme heat and humidity creating dangerous conditions across the Greater Toronto Area, doctors are warning pregnant people about the serious health risks heat waves pose to them. 

Hope and fear among Iranian Montrealers as they brace for what's next

Atena Barforoushi couldn't do much from Montreal but dial and re-dial her mother's number for days as she watched the war between Israel and Iran, her home country, escalate last week.

Manitoba lifts provincewide state of emergency as wildfire conditions improve

A provincewide state of emergency is no longer in effect due to improving wildfire conditions, though risks remain for over a dozen communities that still aren't clear of wildfire threats.

'Beyond devastating': Residents of Denare Beach, Sask., start returning home

For Alannah Skot, returning to Denare Beach, Sask., has been both painful and therapeutic.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us