Nova Scotia Power customers will be getting some money back over the next three years as a result of construction delays at the Nalcor-owned Muskrat Falls generating station in Newfoundland and Labrador.
The Nova Scotia Utility and Review Board has given NSP Maritime Link Inc. approval to charge Nova Scotia Power and its customers for costs related to the construction of the Maritime Link – the transmission system to get the power from Muskrat Falls.
READ MORE: Muskrat Falls hydro project price tag rises by another billion: CEO
The interim assessment, released Monday, is for $109.5 million in 2018 and $111.5 million in 2019.
The amounts are already being collected from Nova Scotia customers as part of a three-year rate stability plan for 2017-2019.
WATCH: Muskrat Falls won’t be sold to Quebec: Newfoundland Premier
However, the board ruled that $105 million in costs should not be recovered yet, and as a result, ratepayers should receive an annual credit on their power bills over the next three years.
The Maritime Link is expected to be complete by the end of this year, on time and on budget, but power from Muskrat Falls isn’t expected to flow until 2020 at the earliest.
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