BILL NO. 8
3rd Session, 62nd General Assembly
65 Elizabeth II, 2016
Private Member's Bill
Public Utilities Act
First Reading: October 14, 2016
This Bill amends the Public Utilities Act to require Nova Scotia Power Incorporated to prepare service-standards audits and to require the Nova Scotia Utility and Review Board to review the audits and apply service-standards penalties, if required by the regulations, when determining the allowable return on common equity included in the general rate set for Nova Scotia Power Incorporated.
An Act to Amend Chapter 380
of the Revised Statutes, 1989,
the Public Utilities Act,
to Eliminate the Guarantee
on Nova Scotia Power's Profit
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 45 the following Sections:
(2) Beginning January 1, 2017, before establishing an allowable return on common equity to be included in the general rate set for the utility, the Board shall review the results of service-standards audits prepared by the utility to evaluate the utility's service standards and determine whether service-standards penalties must be levied on the utility pursuant to the regulations.
(3) Where the Board determines that service-standards penalties must be levied, the penalties in the sum determined by the Board as set out in the regulations must be deducted by the Board from the amount that the utility otherwise would be entitled to earn under subsection 45(1), and the net earnings of the utility must be reduced accordingly.
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