Nova Scotia Utility and Review Board to Set Gas, Diesel Prices
Measures are now in place to move gas regulation to the Nova Scotia Utility and Review Board (UARB) for gas and diesel price setting, effective Oct. 1.
This fulfills government's commitment to move gas regulation to an arm's length body, to operate in an open and transparent process.
"Our position has always been that the UARB is the proper body to perform this regulatory function," said Ramona Jennex, Minister of Service Nova Scotia and Municipal Relations. "This measure is in keeping with gasoline regulation in other provinces."
After the transfer, the UARB will hold public hearings on gas regulation, border gas pricing, and other issues this fall or in early 2010.
The UARB regulates several areas affecting Nova Scotia consumers and businesses, including electricity, auto insurance, gaming, liquor licencing, assessment and expropriation, film classification and municipal and school board boundaries.
FOR BROADCAST USE:
Effective October 1st, the Utility and Review Board will set gas prices in Nova Scotia.
Service Nova Scotia and Municipal Relations Minister Ramona Jennex says the Utility and Review Board, as an arm's length, non-political body, is best suited to regulate gas prices.
Once the transfer is complete, the Utility and Review Board will hold public hearings on gas regulation, border gas pricing, and other issues. –30–