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January 28, 2013 - 11:55 AM
HALIFAX - A subsidiary of Nova Scotia's private utility has filed an application to a provincial regulator seeking approval of the subsea cable portion of the Muskrat Falls hydroelectric project.
NSP Maritime Link Inc. — a subsidiary of Emera Inc. (TSX:EMA) and an affiliate of Nova Scotia Power — has asked the board to approve $1.52 billion in capital spending to bring electricity from Labrador to Nova Scotia.
In the application filed Monday with the Nova Scotia Utility and Review Board, the company says the project — known as the Maritime Link — is the lowest cost option for long-term electricity.
It also says the project strengthens Nova Scotia’s connection to the North American grid and would prepare the province to take advantage of future energy projects.
Under the deal, Emera would build a 180-kilometre subsea cable, which would ship power from Cape Ray in southwestern Newfoundland to Lingan in Cape Breton.
News from © The Canadian Press, 2013