This means on an average monthly bill of $300, customers will pay $307 a month in July compared to $500 a month without the rate mitigation plan.
Government as 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 1st. Domestic residential rate increases are capped at 2.25 per cent annually for cost recovery associated with the Muskrat Falls project. In July, 2021, government announced a $5.2 billion rate mitigation deal with the Federal Government, and without it, NL Hydro’s rates would have almost doubled (to 23.6 cents per kWh) as a result of the Muskrat Falls project. This means on an average monthly bill of $300, customers will pay $307 a month in July compared to $500 a month without the rate mitigation plan.
Trans Canada Highway near Clarenville is impassable due to a serious collision
Daylight Savings Time ends this weekend, clocks go back one hour
St. John's man wanted by Deer Lake RCMP
Local MHA says former hospital in Corner Brook could be used for those needing acute care
Opposition leader says the Stephenville food bank was forced to reduce hamper sizes just to stay operational
