Emera CFO's rate comments 'insulting,' says Dexter
CFO says Emera lowered rates to avoid public hearing
Premier Darrell Dexter is criticizing a senior executive at Nova Scotia Power's parent company about comments he made to a business audience in Toronto last week.
In September Nova Scotia Power reached a settlement with consumer advocates and industry stakeholders.
Scott Balfour, CFO of Emera, told analysts the company was willing to sacrifice a slightly lower guaranteed profit to ensure the company would not be seeking another rate increase hearing during an election year.
Balfour called the election "a distraction."
Dexter responded after PC Leader Jamie Baillie chided him about the comment in the legislature Tuesday.
"It's insulting and extraordinarily insensitive but if you want to deal with that then you have to talk to Nova Scotia Power. It's not something that the government approves of. Unfortunately they're a private company. They're a private company [the Progressive Conservatives] created so we have to deal with it on that basis," said Dexter.