A complex financial arrangement aimed at offering relief to electricity users on the island portion of Newfoundland and Labrador in the Muskrat Falls era is a step closer to reality, although concrete details on how much customers will pay for power remains unclear.
Meanwhile, Innu Nation leadership is expressing concern about its level of involvement in the rate mitigation strategy, and the possible financial impacts on the Indigenous group.
Federal and provincial officials announced Monday that terms sheets have now been signed for a $1-billion federal loan guarantee — the third guarantee of borrowing by Ottawa for the troubled project — and capital
