AI-generated summary
· Application · 09/10/2010
NSEB accepts NSPI's 2009 Executive Compensation Report, finding no material change from 2008 ratepayer-charged costs
AI summary
- The Nova Scotia Utility and Review Board reviewed Nova Scotia Power Inc's 2009 Annual Executive Compensation Report (P-875.2), filed April 30, 2010, and issued its response by letter dated September 10, 2010.
- The Board found no material change in the portion of executive management costs charged to ratepayers compared to 2008, and expressed no further comment on the current Report.
- The Board reiterated its June 10, 2009 position that executive compensation costs, like all charges to ratepayers, must be justifiable and reasonable, and that scrutiny of these costs remains a high priority.
- The Board reserved the right to revisit reporting standards and conduct a full examination of future annual reports should circumstances warrant.
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What was filed
Documents filed on this day
- 05195 Board Letter