Life in Canada

Is Nova Scotia power in collusion with Emera?

Here is my query to the UARB: if NSP has been found to be in collusion with Emera in setting prices for natural gas and other fuels that they trade internally- name the 'negotiators', and lets see some criminal charges for what surely amounts to feaudulent practice.

Here is the gist of it if Liberty Was correct:

NSP meets with it's parent company and agrees to pay slightly higher than market rate for gas. This deal costs NSP nothing as it is passed on to rate payers, and benefits the bottom line at Emera (twice in fact since the extra profits due to the fuel surcharge are passed to Emera anyway). Emera gets a profit windfall. And as a result, huge bonuses are paid out to the executives (see where this is going?). Then they get caught. The auditor sees the game at play and blows the whistle. Emera and NSP double up (literally) the fight against the auditor (hoping to avoid more than just paying back the overcharge, I suspect).

In the meantime, we have heard sound bites from the lawyers, but where ARE the execs? Mum's the word and close ranks as they try to maintain a low profile and hope we won't see where this leads.

Follow the money.

And thanks in advance to the good conscionable folks at NSP and Emera for the 'down' votes. It shows you might be worried.

All the way to the BANK