Emera puts Atlantic Loop project on pause after N.S. moves to limit profits

The viability of a proposed mega power project — the Atlantic Loop — could be in question. Nova Scotia Power’s parent company says it’s putting a pause on spending. The announcement came after Nova Scotia introduced legislation this week to cap power rate increases and limit the utility’s profits. Alicia Draus on that story.

• Ottawa approves $500M bailout to Nova Scotia Power to keep rates in check
• Nova Scotia Power warns committee rate bill will hinder climate goals
• Federal minister calls utility’s pause on Atlantic energy corridor ‘bump in the road’