NL Hydro wants rate hike
ST. JOHNS, NEWFOUNDLAND - Newfoundland and Labrador Hydro wants to hike its electricity rates this summer.
The company has applied to the provinces Public Utilities Board to raise rates for people across Newfoundland and most of Labrador starting in July.
Hydro is looking for an increase under the provinces rate stabilization plan. Its set up to smooth out price swings caused by fluctuating oil prices throughout the year.
The price of oil required for electricity generation at the Holyrood Thermal Generating Station is forecast to be higher than over the last 12 months, said Jim Haynes, Hydros vice president of regulated operations in a recent news release.
If Hydro gets its way, most of its customers will pay about two per cent more for electricity.
The Public Utilities Board is still considering Hydros application.
Related News
Russian hackers accessed US electric utilities' control rooms
WASHINGTON - Hackers working for Russia were able to gain access to the control rooms of US electric utilities last year, allowing them to cause blackouts, federal officials tell the Wall Street Journal.
The hackers -- working for a state-sponsored group previously identified as Dragonfly or Energetic Bear -- broke into utilities' isolated networks by hacking networks belonging to third-party vendors that had relationships with the power companies, the Department of Homeland Security said in a press briefing on Monday.
Officials said the campaign had claimed "hundreds of victims" and is likely continuing, the Journal reported.
"They got to the point where they…
