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.
Corner Brook to launch evening and weekend on-demand transit service April 1st
Corner Brook RNC hand out six tickets during weekend snowmobile checkpoint in Cook's Brook area
Public comments wanted on a proposed rock quarry south of Daniel's Harbour
RCMP investigating after windows at Byrnes' Shoes and Sportswear smashed on the weekend
CEO talks about expected growth at the Deer Lake Airport and a $30M expansion to start next spring
