AI-generated summary
· Application · 06/25/2026
Bates White submits redacted FAM audit action plan update on Recommendation XII-1 regarding unresolved NS Block energy valuation dispute with NLH
AI summary
- Bates White filed a June 25, 2026 update (Matter M12665) summarizing NS Power's ongoing compliance with Fuel Adjustment Mechanism audit Recommendation XII-1, originally issued in the 2022–2023 FAM Audit Report (M11533, p. 368), which requires quarterly Board updates until NS Power and Newfoundland and Labrador Hydro (NLH) finalize valuation of undelivered NS Block energy quantities.
- The recommendation traces back to Recommendation XI-4 in the 2020–2021 FAM Audit Report (M10416, pp. 362–363), which NS Power accepted in January 2023 Reply Evidence; subsequent quarterly updates from June 2023 through March 2026 are catalogued in the filing, with substantive content largely redacted.
- NS Power has completed an estimated valuation of undelivered and redelivered energy, reviewed by Bates White and presented to the FAM Small Working Group on June 27, 2025; the Board's October 16, 2025 FAM Audit Decision directed that formal review of this valuation occur in the next FAM Audit proceeding.
- Ongoing valuation data is being reported through quarterly Maritime Link Benefits Reports, providing incremental Information Disclosure to the Board pending final agreement on Block A/Block B volume classification and makeup energy quantities.
- A companion confidential version of the document (Document 320036) has been filed under access restrictions, with a redacted public version made available per Board confidentiality rules.
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-3 2022-2023 FAM Audit Action Plan Update on Recommendation XI-4 Update - Redacted
- N-3(C) 2022-2023 FAM Audit Action Plan Update on Recommendation XI-4 Update - Confidential