Maritime Link project will save millions of dollars

Atlantic Canadians can expect millions of dollars in savings and efficiencies when the Maritime Link starts bringing electricity from Newfoundland and Labrador to Nova Scotia in 2017.   Energy Minister Charlie Parker has invited the Atlantic energy ministers to meet in Nova Scotia this spring to continue implementing the plan to secure more benefits from regional energy co-operation.   "While most people understand Nova Scotia can't control world energy prices, they are right to expect the government to put policies in place that ensure power rates are the lowest and fairest possible," said Parker. "We have the evidence and we know the savings and opportunities will be significant. Now, we must work together to further develop the plan to ensure we turn that potential into reality."   Studies released in September by the Atlantic Energy Gateway identified significant potential benefits from regional energy collaboration on the Maritime Link project, including cost efficiencies, greater diversity in clean and renewable energy supplies, enhanced stability for ratepayers and lower greenhouse gas emissions.   Parker said the reports show the Lower-Churchill/Maritime Link project is right for Nova Scotia, Atlantic Canada and the country.   "We must do all we can to maximize the savings, efficiencies and opportunities for Atlantic Canadians associated with this mega project," Parker said.   The Atlantic Energy Gateway was announced in March 2009 to enhance regional co-operation and develop Atlantic Canada's clean energy resources. The gateway is a collaboration by the Atlantic Canada Opportunities Agency, Natural Resources Canada, the Atlantic provinces, regional power utilities and electricity system operators.   The executive summaries of the reports can be found at www.acoa-apeca.gc.ca/eng/publications/ResearchStudies/Pages/Home.aspx#aeg . Full reports are expected to be available soon.