Newfoundland Power pitches its largest upgrade ever — which would increase rates - CBC
Nfld. & LabradorNewfoundland Power is proposing a $242-million upgrade for its generating stations in Wesleyville and Grand Bank, eventually leading to a two per cent increase in electricity rates after six years. Rates will increase 2% by 2032, pending PUB approvalSanuda Ranawake · CBC News · Posted: Oct 16, 2026 2:17 PM EDT | Last Updated: October 16Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Newfoundland Power is pitching the largest capital expenditure project in the company’s history. (Jeremy Eaton/CBC)Newfoundland Power is proposing a $242-million upgrade for its generating stations in Wesleyville and Grand Bank, eventually leading to a two per cent increase in electricity rates after six years. The Wesleyville Plant, located on Bonavista Bay North, and the Greenhill Plant, located on the Burin Peninsula near Grand Bank, have been in operation for more than 50 years, according to a news release by the Fortis-owned utility.
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