AI-generated summary
· Application · 05/28/2026
Nova Scotia Power files its 2025 Annual Affiliate Code of Conduct Report with the NSEB, disclosing over $570 million in transactions with key affiliates NSPEMI and NSPML alongside a 69-entity corporate structure spanning multiple jurisdictions.
AI summary
- NS Power filed its 2025 Affiliate Transactions report on May 28, 2026, covering transactions with wholly-owned subsidiary Nspemi (NS Power Energy Marketing Inc.), Nspml (NS Power Maritime Link Inc.), and approximately eight other affiliates within the Emera corporate family.
- Transactions with NSPEMI showed a $3.7 million increase in natural gas sales to NS Power year-over-year, with NSPEMI continuing to operate as a flow-through entity for U.S. energy market access without third-party fees, per a pricing exception approved under NSEB matter M08911.
- Charges from NSPML to NS Power rose by $509.1 million year-over-year, though the increase is largely attributable to a one-time 2024 refund of $485.9 million related to the FLG2-enabled Maritime Link project; excluding that item, the underlying trend is more modest.
- NS Power requested Confidentiality treatment for Appendices D and D(0) containing individual commodity transaction prices and customer billing data, citing competitive disadvantage, with unredacted versions filed in the Board's confidential repository and a standard confidentiality undertaking provided.
- Appendix A, current as of March 31, 2026, doubles as the Q1 2026 entity list and includes a redline of changes since December 31, 2025, covering 69 affiliated entities ranging from Florida utilities (Tampa Electric, Peoples Gas) to Caribbean holdings and U.S. energy marketing subsidiaries.
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-1 Affiliate Code of Conduct 2025 Report - Redacted
- N-1(C) Affiliate Code of Conduct 2025 Report - Confidential
- N-1(C)-(i) Appendix D and D(0) - Confidential
- 102187 Letter NSPI re: Report and Confidential Undertaking
- 102188 Confidential Undertaking