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.
A 53-year-old woman is dead after an overnight moose-vehicle collision near the Chapel Arm exit
Young boy struck by an impaired driver in St. John's last week has died from injuries
Weekend car accident in Corner Brook leads to search of the woods for a possible occupant
Premier Tony Wakeham focused on healthcare funding and Canada's defense strategy at last week's Premiers meetings
St. Anthony RCMP seizes a vehicle from unlicensed, uninsured driver for second time this week
