New Nova Scotia Power CEO steps into role at challenging time

Vivek Sood has assumed the CEO role at Nova Scotia Power as the utility prepares to implement additional customer rate increases and continues to manage fallout from a recent cyber attack. He emphasized priorities around stability, cost management and restoring customer confidence while navigating regulatory approval for higher rates. The leadership change signals a focus on execution but raises operational and reputational risks that could strain customer relations and regulatory scrutiny.

Analysis

Vivek Sood has assumed the CEO role at Nova Scotia Power as the utility prepares to implement additional customer rate increases and continues to manage fallout from a recent cyber attack. He emphasized priorities around stability, cost management and restoring customer confidence while navigating regulatory approval for higher rates. The leadership change signals a focus on execution but raises operational and reputational risks that could strain customer relations and regulatory scrutiny.