AI-generated summary
· Rir · 09/04/2026
Redacted responses to NSEB IRs 13–19 now available in NS Power 2025 financial statements proceeding, detailing cybersecurity incident costs and chart-of-accounts changes
AI summary
- IR-13 and IR-14 (partially redacted) confirm NS Power incurred cybersecurity incident costs offset by expected insurance recoveries; an additional $7.9 million in customer credit monitoring and manual meter reading costs was excluded from regulated income and charged to unregulated retained earnings, with no amounts recovered from customers in 2025 or proposed for 2026/2027 GRA rates.
- NS Power's 2025 regulated ROE was 8.31 percent on a five-quarter average common equity of 34.8 percent — well below the lower end of the approved band — and earnings would have needed to be approximately $45 million higher to reach the top of the ROE band at 40 percent equity.
- IR-15 (Attachment 1) details new chart-of-accounts entries, including numerous Demand Side Management-related revenue accounts (FAM and DSM cost-recovery sub-accounts) and new cost centres for the Office of the CDO and Business Value Team; cybersecurity costs were tracked via project codes rather than new accounts.
- IR-18 (Attachment 1) discloses unregulated compensation of $16.3 million in 2025 (versus $18.5 million in 2024 and $10.8 million in 2023), comprising deferred/performance share units, incentive accruals, executive compensation adjustments, and Emera corporate allocations.
- IR-19 reports accounts payable rose by $103.3 million year-over-year to $300.1 million at December 31, 2025, driven primarily by Eastern Clean Energy Initiative project payables.
Disclaimer: This summary was generated by AI from the filings it describes. We take care to make it accurate, but errors are possible - and it isn't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →
What was filed
Documents filed on this day
- N-5 NSPI (NSEB) RIR 13 to 19 - Redacted
- N-5(C) NSPI (NSEB) RIR 13 to 19 - Confidential
- 103456 Letter NS Power re: RIRs and confidential treatment