Maritime Electric applies to P.E.I. regulator for rate hike to cover $37M in Fiona costs

  • Post author:
  • Post category:Local News

Maritime Electric has applied to the Island Regulatory and Appeals Commission to recover $37 million in Fiona restoration costs through a customer rate increase that would come into effect in March.

And its application points out that the P.E.I. government has not come through with any support in the wake of the federal government denying it access to a disaster relief fund.

If approved, the utility’s rate per kilowatt hour would increase a further 2.9 per cent for residential customers.

More >>>