Friday, 17 January 2025

© Copyright 2024 Kathari News. All rights reserved.

Home Federal Government Loan Guarantee Agreement Finalized To Help Manage Replacement Energy Costs for Nova Scotia Power Customers

News Release

The following content is a news release distributed by Business Wire. The original news release may be found here.

Federal Government Loan Guarantee Agreement Finalized To Help Manage Replacement Energy Costs for Nova Scotia Power Customers

Distributed by Business Wire24 Sep 2024

HALIFAX, Nova Scotia--(BUSINESS WIRE)--The Government of Canada and the Government of Nova Scotia, along with NSP Maritime Link Inc. (NSPML), and Nova Scotia Power Inc. (NSPI), wholly owned subsidiaries of Emera Inc., have finalized an agreement for a $500M federal loan guarantee that will provide cost relief to electricity customers in Nova Scotia. Natural Resources Canada is providing a federal loan guarantee to support a new debt issuance by the Maritime Link Financing Trust (MLFT). Proceeds...

Read the full news release here

Follow

Organizations

Related Articles

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump gestures as he speaks at a campaign event in Asheville, North Carolina, U.S. August 14, 2024. REUTERS/Jonathan Drake/File Photo

Business Elections Electric Vehicles (EVs)Finance Industry Manufacturing Politics

Trump says he’ll consider scrapping ‘ridiculous’ EV tax credit

Tax credits and incentives are not generally a very good thing, Trump...

By David Shepardson19 Aug 2024Reuters

FILE PHOTO: A drone view shows a site where beachfront houses were burnt down by the Palisades Fire, in Malibu, California, U.S., January 16, 2025. REUTERS/Mike Blake/File Photo

Regulations Utilities

LA public utility’s wildfire liability hinges on equipment’s role, Moody’s says

Moody's says LADWP's liability for the Palisades Fire hinges on equipment involvement;...

By Reuters17 Jan 2025Reuters

U.S. President Joe Biden answers questions regarding talking to hostages and TikTok as he made a stop at St. John's Church before the U.S. Conference of Mayors in Washington D.C., U.S., January 17, 2025. REUTERS/Annabelle Gordon

Critical Minerals Finance

Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion

The U.S. DOE finalized a $996M loan for ioneer’s Rhyolite Ridge lithium...

By Ernest Scheyder17 Jan 2025Reuters

FILE PHOTO: A coat of arms is seen on one of the original Bank of Montreal (BMO) buildings in Toronto, Ontario, Canada June 1, 2021. REUTERS/Chris Helgren/File Photo

Climate Finance Politics

BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance

BMO becomes the first Canadian bank to exit the NZBA, following similar...

By Nivedita Balu17 Jan 2025Reuters

Oil Regulations

Alberta Energy Regulator lays nine charges against Imperial Oil for 2023 spill

Alberta charges Imperial Oil over 5.3M-litre toxic wastewater spill at Kearl site,...

By Jack Farrell17 Jan 2025The Canadian Press