Higher Fuel Costs Hamper Net Earnings For NSPI

摘要

Nova Scotia Power Inc. (NSPI) net earnings were $52.5 million in the first quarter compared to $57.9 million in the 2008 period, according to filings by Emera Inc., its parent company.rnEmera reported the NSPI earnings decrease related to higher fuel costs partially offset by more electric revenue due to a Jan. 1 rate increase.rnThe fuel adjustment mechanism (FAM) was effective Jan. 1 and is meant to decrease the impact of volatile fuel costs.rnAs at March 31,2009, the difference between actual fuel costs and amounts recovered from customers has been deferred to a FAM regulatory asset in other assets.