A pre-hearing conference will take place February 1st in St. John’s. All documentation related to the application is available on the Board’s website at www.pub.nl.ca
Newfoundland Power is asking the Public Utilities board for a 5.5% increase in current electricity rates for all customers effective July 1st, 2025. Last month, the Public Utilities Board was asked to complete a review of the utility’s 2025 and 2026 costs to be recovered in electricity rates. According to the Application the proposed rate increase is primarily the result of a proposed increase in the company’s return on equity from 8.5% to 9.85% and increases in costs since its last general rate application. Full recovery of Newfoundland Power’s costs, including forecast supply costs, could result in a significantly higher increase in customer rates than the 5.5% indicated in the application. A pre-hearing conference will take place February 1st in St. John’s. All documentation related to the application is available on the Board’s website at www.pub.nl.ca
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