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Settlement Regarding 2009 Electricity Rates In Nova Scotia

Nova Scotia Power issued the following news release:

An agreement has been reached with customer representatives regarding 2009 electricity rates, Nova Scotia Power announced today.

The settlement agreement would result in an average rate increase of 9.4% for most Nova Scotia Power customers, effective January 1, 2009 . Electricity rates in Nova Scotia last increased on April 1, 2007.

The settlement agreement is subject to review and approval by the Nova Scotia Utility and Review Board, as part of a hearing process that starts today.

"We appreciate the contribution by customer advocates in achieving this agreement," said Rob Bennett, President and CEO of Nova Scotia Power. "With ...

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