Tuesday, June 19, 2012

Novia Scotia Power and Port Hawkesbury Getting Closer to Deal


Nova Scotia Power’s plan to become a limited partner in the former NewPage Port Hawkesbury paper mill could affect the utility’s credit rating, a consultant says. John Athas of Boston-based La Capra Associates says that’s one of the risks to ratepayers of a proposed agreement between Nova Scotia Power and the mill’s would-be owner, Pacific West Commercial Corp. of Vancouver.