As ForestTalk.com suspected, Nova Scotia Power is no longer offering a special discount power rate to Pacific West Commercial Corp. now that the advanced tax ruling is off the table.
The advanced tax ruling would have allowed Nova Scotia Power
to become a 30% equity partner in the mill and receive a combination of
preferred and common shares of the newly created Port Hawkesbury Paper.
At this time, it seems unlikely that the sale of the mill to Pacific West Commercial Corp. will proceed.
