AI-generated summary
· Decision · 09/23/2025
NSEB approved Nova Scotia Power's final cost of $1,681,714 for the Ragged Lake Generator Replacement, a $547,553 underspend against the original approved amount.
AI summary
- The Nova Scotia Energy Board approved the final cost work order for Nova Scotia Power Inc capital item CI C0017098 (Ragged Lake Generator Replacement) at $1,681,714, compared to the originally approved amount of $2,229,267 (Decision Letter, Doc. 323828, September 23, 2025).
- The positive variance of $547,553 was driven primarily by lower-than-expected technical complexity, enabling NS Power to substitute internal resources for contract labour and yielding approximately $579,000 in savings on labour, overhead, and consulting costs.
- An unused $152,000 contingency further contributed to the underspend, partially offset by a $352,000 increase in material costs attributed to post-COVID-19 price fluctuations.
- The project was originally approved on October 19, 2020, with expenditures spanning 2019–2025 per the NSEB Approval Sheet; the filing was classified as a Final Cost (FIN) submission.
- The Board found the under-expenditure reasonable and signed off on September 23, 2025, with Nova Scotia Power Inc COO Dave Pickles authorizing the submission on July 4, 2025.
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
- 99446 Board Decision Letter
- 99446 Board Decision Letter