The Nova Scotia government says it intends to take on $117 million of the provincial power utility’s fuel costs in order to reduce the burden on ratepayers.
Gas prices in Nova Scotia went down by five cents overnight into Thursday after the Nova Scotia Utility and Review Board triggered the interrupter clause.
Nova Scotia's power utility plans to convert a coal-burning electricity station in Cape Breton to burn heavy fuel oil once federal regulations phase out coal entirely in 2030.