BILL NO. 211

(as introduced)

1st Session, 65th General Assembly
Nova Scotia
4 Charles III, 2026

 

Private Member's Public Bill

 

Public Utilities Act
(amended)

 

The Honourable Iain Rankin
Timberlea–Prospect

First Reading: February 26, 2026

(Explanatory Note)

Second Reading:

Third Reading:

Explanatory Note

This Bill caps the regulated return on equity for Nova Scotia Power Incorporated in a calendar year at 7.6%.

An Act to Amend Chapter 380
of the Revised Statutes, 1989,
the Public Utilities Act,
to Restrict Nova Scotia Power
Incorporated's Return on Equity

Be it enacted by the Governor and Assembly as follows:

1 Chapter 380 of the Revised Statutes, 1989, the Public Utilities Act, is amended by adding immediately after Section 64B the following Section:

64BA (1) Notwithstanding any other provision of this Act or any other enactment or agreement, Nova Scotia Power Incorporated's regulated return on equity in a calendar year, as set by the Energy Board, must not exceed seven and six-tenths per cent.

(2) Subsection (1) applies to the 2027 and subsequent calendar years.

 

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