Port Hawkesbury Paper LP v. Nova Scotia (Energy Board)
The Court held the Energy Board correctly interpreted the 2024 Term Sheet as effecting a refund that extinguished the pre-December 1, 2024 FAM balance and replaced it with a new federally guaranteed amortizing debt payable over 2024–2052 to the same above-the-line customer class; the Board did not err in law in its ratemaking analysis because the restructuring better matched costs and benefits, did not effect retroactive ratemaking, and PH Paper remains protected by its below-the-line tariff unless it elects service under a tariff that includes Maritime Link costs
Source excerpt
- Rate setting
- Inter-class equity
- Retroactive ratemaking
- Contract interpretation
- Federal loan guarantee
- Fuel adjustment mechanism