[HALIFAX, NS] — The Nova Scotia government is moving to ensure the province's utility regulator has the authority to review the subsea link of the proposed Muskrat Falls hydroelectric project.
Energy Minister Charlie Parker says proposed legislation tabled today would see that there is an open and transparent review of the $1.2-billion link by the Nova Scotia Utility and Review Board.
Parker says draft regulations will be developed in consultation with the board and will be available for public comment later this spring.
He says under the Maritime Link Act, the board would have the power to examine the capital costs of the subsea link portion of the project and the costs of the electricity it would carry.
Nova Scotia Power's parent company, Emera (TSX:EMA), has not revealed details yet on how it plans to proceed, but has said it will submit an application for reviewing the link to the board.