Utilities & Power

QSA's Week in Utilities & Power (#19, 2025)

Renewable diesel dumping inquiry closed; Trade Tribunal and CBSA drop U.S. investigation; Electric utility financials released; Electric Power Price Index update; Safety booms delayed at Timiskaming Dam.

Good morning! This is Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements, and other government-related news concerning power generation and transmission, wind and solar, utilities, midstream companies, batteries and energy storage, LNG, biofuels and nuclear. Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-05-11
End Date: 2025-05-19

Top Headlines

2023 Electric Utility Financial Data Now Available

Statistics Canada released the annual Electric Utility Financial Report for 2023. The dataset, available upon request, contains information relevant for benchmarking financial performance and analyzing cost and revenue trends across the utility sector. The release supports transparency and market research for stakeholders tracking asset management and capital investment dynamics.

Sources: Open Government Data Set: www.statcan.gc.ca

March 2025 Electric Power Selling Price Index Published

The Electric Power Selling Price Index for March 2025, using 2014 as the base year, has been made available by Statistics Canada. The index offers monthly insights into wholesale electricity price trends and supports market participants in evaluating revenue streams, contract pricing, and rate adjustments.

Sources: Open Government Data Set: www.statcan.gc.ca

CBSA Terminates Renewable Diesel Dumping and Subsidizing Investigations

Following the CITT’s findings, the Canada Border Services Agency terminated its dumping and subsidizing investigations on May 6 with respect to renewable diesel from the United States. This decision removes the immediate prospect of new duties or restrictions on U.S. renewable diesel, providing regulatory clarity to importers and end users.

Sources: Gazette, Part I: www.gazette.gc.ca, Gazette, Part I: www.gazette.gc.ca

BC Transmission Line Data Set Updated

The Government of British Columbia updated its dataset on high-voltage electrical transmission lines across the province, presenting an updated inventory useful for planning and operational purposes.

Sources: Open Government Data Set: open.canada.ca

Pipeline Installation Permits and Associated Ancillary Permits Refreshed

New geospatial data on oil and gas pipeline installations, as well as associated ancillary permits, were updated by the Government of British Columbia, supporting infrastructure development tracking.

Sources: Open Government Data Set: open.canada.ca

Community Energy and Emissions Data Sets Released

British Columbia made available revised Community Energy and Emissions Inventory datasets, including per capita and total primary indicators for 2007, adding transparency to regional energy use and emissions profiles.

Sources: Open Government Data Set: open.canada.ca

Provincial Announcements

New Canada-U.S. Hydrogen Carbon Intensity Reporting Standard Released

Québec’s Bureau de normalisation du Québec and CSA Group jointly published a national standard harmonizing the methodology for reporting production pathways and carbon intensity of hydrogen; the standard aims to improve data uniformity for producers, distributors, and consumers.

Sources: Provincial Announcement: www.quebec.ca

New Brunswick Adjusts Utility Equity Target to Limit Rate Increases

The New Brunswick government removed the 2029 target for NB Power to reach an 80/20 debt-to-equity ratio, citing this action as a means to help stabilize anticipated electricity rate hikes.

Sources: Provincial Announcement: www2.gnb.ca

Alberta Engages with U.S. Legislators on Energy Security in Texas

Alberta MLA Angela Pitt is attending the NCSL Spring Executive Committee and Energy Supply Task Force meetings in San Antonio, advancing Alberta's energy trade interests and positioning the province as a reliable supplier for U.S. markets.

Sources: Provincial Announcement: www.alberta.ca

Solar Garden Selected for Nova Scotia’s Rural Halifax Regional Municipality

Nova Scotia announced funding for the development of the Petpeswick Solar community solar garden, part of its Community Solar Program, delivering 2.2 MW of new solar generation in the region.

Sources: Provincial Announcement: news.novascotia.ca

Alberta Freezes Industrial Carbon Price Amid U.S. Tariffs Uncertainty

The Alberta government froze its industrial carbon price at $95 per tonne in response to U.S. tariffs, with implications for oil, gas, electricity, manufacturing, and related sectors.

Sources: Provincial Announcement: www.alberta.ca

Saskatchewan to Attend World Nuclear Supply Chain Conference in Poland

Saskatchewan's Minister Jeremy Harrison leads a provincial delegation to Poland to deepen international engagement in the global nuclear supply chain and promote provincial uranium resources and emerging SMR plans.

Sources: Provincial Announcement: www.saskatchewan.ca

Nova Scotia Updates Critical and Strategic Minerals List

Nova Scotia expanded its critical minerals list to 20 entries with the addition of high purity silica, silver, tellurium, and uranium, and created a new strategic minerals category, to further align with Canadian mineral priorities.

Sources: Provincial Announcement: news.novascotia.ca

Alberta Passes Utility Reforms to Expand Hydrogen Blending

Alberta’s spring legislative session included the passage of reforms permitting hydrogen blending in utility networks, supporting varied energy options and utility access across the province.

Sources: Provincial Announcement: www.alberta.ca

MP Ryan Turnbull shared details of a meeting with members of the Institute for Sustainable Finance at Queen’s University, focusing on MP education, government-industry collaboration, and the business case for clean energy.

Sources: Social Media: x.com

MP Ryan Turnbull discussed closing Canada’s $120 billion annual climate finance gap and supporting stronger climate risk disclosures during a conversation with Barb Zvan, University Pension Plan Ontario CEO.

Sources: Social Media: x.com

MP Turnbull described a meeting with Co-operatives and Mutuals Canada on supporting housing co-ops, renewable energy, and social enterprises through ongoing collaboration and advocacy.

Sources: Social Media: x.com

MP Richard Bragdon raised the need for increased Canadian self-reliance in energy security, pipelines, and infrastructure in a social media post.

Sources: Social Media: x.com

MP Shannon Stubbs highlighted the lack of available capacity on the TMX pipeline, calling attention to producers’ restricted access to markets and referencing oil and gas policy limits.

Sources: Social Media: x.com

MP Dan Albas referred to international interest in Canadian LNG, mentioning discussions with partners in Japan and Germany and advocating for private sector leadership in GDP growth.

Sources: Social Media: x.com

MP Bob Zimmer posted support for Canadian LNG exports, referencing international demand for LNG produced in Canada.

Sources: Social Media: x.com

Senator Leo Housakos responded critically to federal policy announcements regarding pipelines, energy infrastructure, and economic management.

Sources: Social Media: x.com

Senator Rosa Galvez posted about RBC’s adjustment of its sustainable finance targets, linking the issue to the topic of climate-aligned finance legislation.