Ottawa Endorses Nova Scotia Power Bailout
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•Ottawa approves $500M bailout to Nova Scotia Power to keep rates in check | Globalnews.ca
71% Informative
The federal loan guarantee will be spread over 28 years , lowering overall financing costs and helping stabilize Nova Scotia Power’s credit rating.
Nova Scotia utility helped pay for construction of the underwater transmission link between Nova Scotia and Newfoundland that carries electricity generated by the Muskrat Falls hydroelectric project in central Labrador .
The massive dam and generating station has been inconsistent in delivering electricity over the past five years .
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