An independent review will assess the feasibility of tying Nova Scotia Power's earnings to its performance metrics.
The review was announced to examine how the utility's financial returns could be directly linked to factors such as service reliability, customer satisfaction, and energy affordability. The objective is to encourage Nova Scotia Power to enhance its service delivery and operational efficiency.
Review Objectives
The independent body will analyze various models and approaches used in other jurisdictions where utility earnings are tied to performance. This includes evaluating potential benefits for consumers, the utility's long-term financial stability, and the overall energy system in Nova Scotia.
Scope of Assessment
The assessment will cover key performance indicators (KPIs) that could be integrated into a performance-based regulatory framework. These KPIs may include metrics related to power outage duration and frequency, grid modernization efforts, and the utility's role in achieving provincial environmental goals.
Implementation Considerations
The review will also consider the regulatory and legislative changes that would be necessary to implement such a system. The findings and recommendations are intended to inform future decisions by the Nova Scotia government regarding utility regulation.
Source: Nova Scotia Nominee Program (https://news.novascotia.ca/en/2026/09/09/independent-review-assess-tying-nova-scotia-powers-earnings-performance)