This means on an average monthly bill of $300, customers will pay $307 a month in July compared to $500 a month without the rate mitigation plan.
Government as announced the finalization of the rate mitigation plan with Newfoundland and Labrador Hydro (NL Hydro). This plan applies only to island customers paying for the project. The plan will come into effect on July 1st. Domestic residential rate increases are capped at 2.25 per cent annually for cost recovery associated with the Muskrat Falls project. In July, 2021, government announced a $5.2 billion rate mitigation deal with the Federal Government, and without it, NL Hydro’s rates would have almost doubled (to 23.6 cents per kWh) as a result of the Muskrat Falls project. This means on an average monthly bill of $300, customers will pay $307 a month in July compared to $500 a month without the rate mitigation plan.
Police lift shelter in place order for McIvers residents, one man taken into custody
53-year-old man loses vehicle and license after traffic stop in Stephenville last night
RNC seize a number of vehicles and suspend licenses in the Corner Brook region over the weekend
36-year-old Christopher Bourgeois facing charges after a disturbance at a home in Norris Point
February is Heart and Stroke month
