Emera Inc. is putting capital spending on clean energy projects in Nova Scotia on hold as it works through the consequences of the Nova Scotia government’s imposed rate cap on the parent company of Nova Scotia Power.In a conference call to discuss the power utility’s latest financial results, Emera chief executive Scott Balfour said Friday that while the company will continue to make investments in safety and reliability of its network, it won’t be able to spend on other projects in the province due to the cap.”The last capital plan included $500 million in planned investment in the Eastern Clean Energy Initiative, including the Atlantic Loop, to fund new wind generation, transmission, infrastructure upgrades and battery storage to help facilitate the transition away from coal-fired generation,” he said.”Given the restrictions imposed by Bill 212, these cleaner energy investments…
Emera puts clean energy projects in Nova Scotia on hold after rate cap
