Nova Scotia urged to name energy minister as part of new strategy

By the OGJ Online Staff

HOUSTON, Sept. 7 -- Nova Scotia is expected to consider a proposed energy strategy this fall, government sources said Friday.

In comments submitted this week, the parent company of the provincial electric utility and part owner of the Maritimes & Northeast Pipeline called for a "staged" opening of the power markets to competition and for "nurturing" local involvement in the expansion of Nova Scotia's natural gas industry.

Emera Inc. also called on the provincial government to appoint a minister of energy to work with other provinces as well as "insure the right regulatory climate exists to protect the public interest, while encouraging a thriving natural gas industry."

Government can help Emera and other qualified local companies acquire new skills to compete against multinationals that dominate the industry, the company said, by "judiciously" using existing power to insure significant participation by Nova Scotian companies in the expanded markets.

Prompted by the discovery of large natural gas deposits offshore, the Canadian province began soliciting comments and recommendations in the spring on an energy strategy.

It is expected to cover all aspects of the industry, ranging from oil and gas to coal and from the upstream segments of oil and gas explorations to the still-regulated electric power industry.

"Encouraging a diversity of players reduces the risk of boom and bust cycles, supports long-term economic sustainability, and facilitates local involvement in this new industry," said Emera CEO David Mann.

Bruce Cameron, director of communications for the Nova Scotia Petroleum Directorate, said the process is nearly completed. Presentation of the proposals has not been scheduled, he said.