In July of 2021, government committed to a $5.2 billion dollar plan that would cap increases at 2.25 percent annually to recover the costs of Muskrat Falls.
Electricity bills are going up by 7 percent today. Newfoundland Power initially requested a 9.3% hike but the Public Utilities Board approved a 7% increase instead. Another potential increase of 1.5% is currently under review, and we may see an additional 12% hike in 2025. This includes a 5.5% rate increase for the 2025-26 period and 6.5% related to power supply and Muskrat Falls costs. Meanwhile, Industry Minister Andrew Parsons says this rate increase could have been much higher had it not been for Rate Mitigation as it applies to the costs of Muskrat Falls. In July of 2021, government committed to a $5.2 billion dollar plan that would cap increases at 2.25 percent annually to recover those costs. Parsons says the need for more power is nationwide and if it wasn’t for this deal the increase would be much higher. He says there are opportunities here with green energy and getting off coal. Rate mitigation provides certainty on NL Hydro’s annual electricity rate increases associated with the cost of Muskrat Falls up to and including 2030.
Both pilot and passenger uninjured after a helicopter crash on the west coast March 19th
RCMP NL respond to over 500 calls during the long Easter weekend
18 new RNC officers sworn in and some of them are headed to Corner Brook
No serious injuries for an on-duty RCMP officer involved in a crash near Stephenville Crossing on Monday
Funding approved for 7 west coast communities through Community Wildfire Prevention and Mitigation program
