BILL NO. 2
(as introduced)
1st Session, 62nd General Assembly
Nova Scotia
62 Elizabeth II, 2013
Ratepayer Fairness Act
The Honourable Chris A. d'Entremont
Argyle–Barrington
First Reading: November 29, 2013
Second Reading:
Third Reading:
Explanatory Note
This Bill sets out what the Nova Scotia Utility and Review Board must take into account, and not take into account, in determining the allowable return on common equity included in the general rate set for an electric public utility.
An Act to Amend Chapter 380
of the Revised Statutes, 1989,
the Public Utilities Act,
Respecting Ratepayer Fairness
1 This Act may be cited as the Ratepayer Fairness Act.
2 Chapter 380 of the Revised Statutes, 1989, the Public Utilities Act, is amended by adding immediately after Section 45 the following Section:
(a) results in a return on common equity that is fair to electricity ratepayers;
(ii) the risk-free rates of return yielded by Government of Canada long-term bonds;
(d) takes into account a separate fuel-adjustment mechanism.
(2) The Board shall not consider the results of a settlement conference or an agreement reached by an electric public utility's stakeholders in establishing an allowable return on common equity for the utility.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2013 Crown in right of Nova Scotia. Created November 29, 2013. Send comments to legc.office@novascotia.ca.
