Amendments to Public Utilities Act
Service Nova Scotia and Municipal Relations (to March 31, 2014)
May 6, 2010 12:18 PM
Amendments to the Public Utilities Act introduced today, May 6, will make it easier for public utilities in Nova Scotia to proceed with capital projects.
The maximum amount a public utility can spend before applying to the Utility and Review Board for approval will be increased from $25,000 to $250,000.
"This amount better reflects the reality of the costs of capital projects for water and electrical utilities in Nova Scotia," said Ramona Jennex, Minister of Service Nova Scotia and Municipal Relations. "This helps to better streamline the investment process, which will help create jobs and grow the economy."
Changes will also allow all public utilities, not just Nova Scotia Power, to submit annual expense plans to the UARB for prior approval.
The Union of Nova Scotia Municipalities was consulted about the amendments.
FOR BROADCAST USE:
Amendments to the Public Utilities Act, tabled today (May
6th), will streamline the approval process for public utilities
to undertake capital expenditures.
The changes will allow public utilities to file an annual
capital expense program with the Utility and Review Board.
The maximum amount a public utility can spend without
U-A-R-B approval will increase from 25-thousand dollars to 250-
Service Nova Scotia and Municipal Relations Minister Ramona
Jennex says the amount better reflects the reality of the costs
of capital projects for water and electrical utilities.
The amendments will also reduce the administrative burden
for the board.
Media Contact: Lori Errington
Service Nova Scotia and Municipal Relations