Finalization of Rate Mitigation Plan

The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology, today announced the finalization of the rate mitigation plan with Newfoundland and Labrador Hydro (NL Hydro). This plan applies only to island customers paying for the project. The plan will come into effect on July 1, 2024, and will ensure domestic residential rate increases are capped at 2.25 per cent annually for cost recovery associated with the Muskrat Falls project.
More information: www.gov.nl.ca/...