Nova Scotia Power and Emera to fund energy savings retrofits at no cost to customers

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Nova Scotia Power and Emera to fund energy savings retrofits at no cost to customers

April 11, 2014

HALIFAX, NS – Nova Scotia Power and Emera today announced a community investment to help permanently reduce energy costs through energy saving retrofits for Nova Scotian homes.   
 
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. The investment being funded will be made at no cost to Nova Scotia Power customers.  
 
“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. “Nova Scotia Power and Emera are excited to partner with Clean Nova Scotia Foundation to support long term solutions to address electricity costs for Nova Scotia Power customers.  
 
“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,” said Hanf.
 
“Clean Nova Scotia Foundation is pleased to see NS Power and Emera provide a long term funding commitment for this group of Nova Scotians who use electricity to heat their homes. We gratefully accept this donation and look forward to working together,” said Clean Nova Scotia Foundation Executive Director Chris Morrissey.
 
This community investment by Nova Scotia Power and Emera will help fund measures like better insulation and energy retrofits expected to help customers save more than $550 a year on their power bill, providing solutions for thousands of Nova Scotians.