Nova Scotia Power seeks to recover millions of dollars from NewPage mill closure costs [From the web]

HALIFAX, Sept. 13, 2011 (Chronicleherald.ca) - Nova Scotia Power Inc. wants a deferral mechanism to recover millions of dollars in costs associated with the closure of the NewPage Port Hawkesbury paper mill.

In a filing with the Nova Scotia Utility and Review Board on Monday, the power company said the loss of NewPage, its largest customer, would mean that the 7.2 per cent average rate increase it proposed in May for next year would change to a 10.5 per cent increase.

If NewPage doesn't come back into production in 2012, NSP would need to recover roughly $32 million, according to the utility.

Chronicle-Herald - NSP seeks to recover millions, spokesman: NewPage loss a blow to power company

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