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Port Hawkesbury Paper shielded from rising fuel costs by energy price shelter with Nova Scotia Power

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Port Hawkesbury Paper shielded from rising fuel costs by energy price shelter with Nova Scotia Power

August 17, 2015 - 12:11
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HALIFAX, NS, Aug. 17, 2015 (Chronicleherald.ca) -Nova Scotia Power Inc.'s largest customer, Port Hawkesbury Paper LP, is being shielded from mounting fuel costs falling on other ratepayers.

While Port Hawkesbury Paper is billed primarily for cheaper thermal power, the rest of us pay for the boutique stuff coming from small-scale renewable energy projects.

The utility made this clear in a document filed Monday with the Nova Scotia Utility and Review Board to support an increase in the base cost of fuel for 2016. Nova Scotia Power predicts the base cost will rise $111.4 million above the previous base rate of $450.7 million set in 2014.

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