Nova Scotia Power has decided to pull the plug on North America's only tidal power generating station and wants its customers to pay $25 million over the next decade to write off the asset. Prior to its decision to retire the tidal plant, Nova Scotia Power spent $13 million between 2012 and 2018 to keep it going. Nova Scotia Power said electrical output has been declining due to work shutdowns since 2012. Lawyer William Mahody, who represents 400,000 Nova Scotia Power residential customers in regulatory cases, said he is now examining the submissions contained in the application. Nova Scotia Power said it cannot answer questions while its application is before regulators.

Source: CBC News February 23, 2021 18:33 UTC