New regulations for natural gas contracts

Government has approved new regulations under the Public Utilities Act that give the Utility and Review Board (UARB) the ability to approve long-term natural gas pipeline contracts.

According to a press release, this change creates consistency by giving Nova Scotia Power the same opportunities available under the Gas Distribution Act.

Long-term agreements have the potential to provide Nova Scotians with reliable access to natural gas while maintaining stable electricity prices for ratepayers.

The province says the UARB will independently consider if proposed agreements are in the best interests of ratepayers.