IESO Nova Scotia filed its reply submission in M12412, confirming broad agreement with intervenor recommendations on cost controls, evidentiary standards, and transition reporting while pushing back on a 10% cost overrun threshold.

M12412 · Nova Scotia Independent Energy System Operator (IESO Nova Scotia) - Proposed expenditure and revenue requirements for test year ending March 31, 2026

AI summary

All three intervenors — the Consumer Advocate Consumer Advocate, Small Business Advocate, and Industrial Group — confirmed they do not oppose Ieso Nova Scotia IESO Nova Scotia's $5.31 million OM&A Revenue Requirement revenue requirement for the 2025/2026 test year or the proposed Net OM&A Deferral and Variance Account (Industrial Group Submission, p.1; Consumer Advocate Submission, p.1).
IESO Nova Scotia accepted most recommendations from expert reviewer Doane Grant Thornton (DGT) on Cost Considerations cost control mechanisms, noting that supporting financial controls and accounting policies will be established in Q1 2026, with certain mechanisms such as procurement guidelines already in place since mid-2025.
On the question of a cost overrun prudence review threshold, IESO Nova Scotia rejected the DGT-recommended 10% threshold as inappropriate for a nascent organization, instead proposing a 30–50% range in the near term, citing the fluid nature of its operations and upcoming capital and energy procurement costs (Rebuttal Evidence, December 22, 2025, p.3).
IESO Nova Scotia confirmed a permanent Cost Recovery fee and cost recovery mechanism will be developed and submitted to the NSEB for approval by Q2 2026, with stakeholder engagement planned in advance of that filing (M12663, Exhibit D-1, p.41).
On transition reporting, IESO Nova Scotia agreed to expand monthly reports consistent with the Industrial Group's recommendations but proposed deferring their commencement to Q3 2026, when Phase II transition activities are expected to begin; it also committed to publishing a detailed Integrated Resource Plan IRP schedule by April 1, 2026, following completion of the Dunsky-led stakeholder engagement process.

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

100757 Reply Submission - IESO NS other_documents