CANADA, October 9 - NOTE: The following is a statement from Premier Tim Houston, who is also the Minister of Energy, on the new Financing Orders and Securitized Bonds Regulations.

In the Nova Scotia Energy Board's 2026 general rate decision, Matter M12451, it indicated that it believed securitization could potentially lower financing costs and potentially help protect Nova Scotia Power’s credit rating.

These are things that could protect ratepayers.

Our only objective is to protect ratepayers and, as such, I have agreed to give the professionals at the board the space and authority to conduct a formal process and determine if it is truly in the best interest of ratepayers.

This should be a factual, objective decision so we are removing the politics from the discussion.

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