April 21, 2014 By Alyssa Dalton
The donation of up to $3.4 million a year and renewable for up to 10 years will fund energy saving upgrades for low income customers with electrically heated homes. According to the parties, the community investment will help fund measures like better insulation and energy retrofits expected to help customers save more than $550 a year on their power bill.
“Our customers are concerned about energy affordability—that’s why we are making this significant funding commitment,” said NS Power president and CEO Bob Hanf. “Today’s announcement will help tackle root causes of high home heating costs for electricity customers and will build on the work we’re doing with low income advocates to provide relief on electricity bills.”
The investment will be made at no cost to NS Power customers, said the parties, who have partnered with Clean Nova Scotia Foundation for this initiative.
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