Since December 10, 2012 the company has been owned by the Government of Nova Scotia, which is in the process of decommissioning the TMP mill site.
To power the mill, the company dammed the Mersey approximately 30 km (19 mi) upstream at Indian Gardens, in the process creating a reservoir named Lake Rossignol.
At the same time, Killam's estate sold the Mersey River generating stations to the then-provincial Crown corporation Nova Scotia Power.
Resolute Forest Products also indicated that it would be selling its assets in Nova Scotia, including the idled mill, its timber lands, and the Brooklyn Power Corporation.
This deal saw the provincial government acquire all Bowater Mersey assets and liabilities, except for a sawmill in Oakhill, Lunenburg County.