Nova Scotia Power to build electric vehicle fast-charging network in province
HALIFAX — Nova Scotia Power Inc. is installing a dozen fast-charging stations for electric vehicles, with investors bankrolling the new province-wide network rather than ratepayers as originally proposed.
The utility said Tuesday it will finance the 12 stations through an investment by Emera shareholders after the energy regulator rejected its proposal to pay for the network through customers’ power bills.
“We’ll be financing it outside of rates. The opportunity with the federal cost-sharing is one that we simply couldn’t pass up,” NS Power spokeswoman Tiffany Chase said in an interview.
The million-dollar project will be paid for by the utility and Natural Resources Canada — each investing roughly $420,000 — while the province will contribute $120,000 towards secondary chargers at each station, she said.