The Board directed Newfoundland Power to reduce the proposed overall average customer rate increase of 9.3% to 7.0%, to become effective August 1, 2024.
The Public Utilities Board has released Reasons for Decision in regards to an order that was issued on July 10th. The Board directed Newfoundland Power to reduce the proposed overall average customer rate increase of 9.3% to 7.0%, to become effective August 1, 2024. The unrecovered portion of Newfoundland Power’s March 31, 2024 rate stabilization account balance will remain in the account and will be considered as part of its application for July 1, 2025 rates. The Board’s Order is intended to reduce concerns in relation to rate shock and contribute to rate stability while providing Newfoundland Power with timely recovery of prudent costs.
Atlantic Women in Law Enforcement Conference is taking place in the capital city
Bay of Islands Volunteer Search and Rescue to host Moose Dinner fundraiser next weekend
Community bonfire for Corner Brook Fire Department Toy Drive moved to Thursday evening
Truck left going and unattended gets stolen from Pasadena Irving on Saturday
Cow Head man boards a bus in Stephenville and gets arrested in Gander after trying to sell drugs onboard
