AI-generated summary
· Application · 10/27/2025
Nova Scotia Power filed its 2026-2027 General Rate Application seeking average increases of 1.8% and 2.4%, with Renewall Energy Inc. issuing 13 Information Requests probing securitization, retail market design, and rate impacts.
AI summary
- Nova Scotia Power Incorporated applied to the Nova Scotia Energy Board for Rate Design changes effective January 1, 2026 and January 1, 2027, with proposed overall average FAM-class increases of 1.8% and 2.4% respectively; residential (Domestic Service Tariff) customers face increases of 3.8% and 4.1%, while large industrial customers see decreases of up to 6.9% and 4.7% (Exhibit N-3, p. 16–17).
- NS Power proposes to maintain its Return On Equity at 9.0% with an earnings band of 8.75%–9.25% and a 40% common equity ratio, and sets Base Cost of Fuel at $927.3 million (2026) and $850.9 million (2027) under the Fuel Cost Adjustment mechanism.
- A coal-asset securitization arrangement under development with the Province could save customers up to $90 million over 2026–2027 by financing the Decarbonization Deferral Account at lower-cost debt; if not finalized by January 1, 2026, depreciation and financing costs would be deferred at WACC on an interim basis (Exhibit N-3, p. 13).
- The application includes a revised Depreciation Amortization study that deliberately omits updated rates for Point Aconi, Trenton Units 5 and 6, and certain coal infrastructure, and excludes full decommissioning costs for several hydro stations including Wreck Cove, Tusket, and Mersey.
- Intervenor Renewall Energy Inc (the sole licensed retail supplier) issued 13 Information Requests (IRs 1–13, responses due November 10, 2025) challenging securitization calculations, Distribution Tariff Rate applicability to transmission-connected retail-to-retail customers, DSM rider transparency, and NS Power's support for a competitive retail energy market.
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-17(C)-(ii) 2026-2027 GRA SR-02 Attachments - Excel - Confidential
- N-19 Proof of Advertisement – NSPI
- 99794 Renewall (NSPI) IR 1 to 13