Waiting for NDP policy
Seven weeks after electing Atlantic Canada's first NDP government, Nova Scotians have seen little if anything in the way of policy initiatives from Dexter and Co. Senior civil servants, however, seem practically giddy with delight at the NDP's methodical approach to policy.
"They actually read the briefing books," exclaimed one official, referring to the massive tomes each department prepares detailing the policy issues an incoming minister will face. "They read them, and they ask intelligent questions. They are really into policy."
27 July, 2009
Lurking behind Nova Scotia Power's increasingly frantic efforts to find renewable sources of electrical generation is the threat of a crushing $500,000-a-day fine should it fail to meet legislated targets for 2010. That works out to $183 million per year—half again what NSP earned its shareholders in 2008.
For better or for worse, the threat is symbolic, not real.
Under the Electricity Act, a set of regulations known as the Renewable Energy Standards (RES) requires NSP to purchase at least five percent of its 2010 energy supply from renewable sources owned by third parties and built after 2001. The RES requirement increases to 10 percent in 2013, but may include generation from both third party and NSPI facilities. The Climate Change Action Plan, released last January, would have increased this to 25 percent by 2020, but a little noticed NDP campaign promise trumps that provision, moving the 25 percent deadline up to 2015.
RES regulations stipulate "a daily penalty of no more than $500,000" for failure to comply.