AI-generated summary
· Order · 07/10/2026
NSEB issued a Final Order approving NSPML's 2026 cost assessment at $197.5 million after reducing return on equity and adjusting the debt-to-equity ratio on sustaining capital
AI summary
- The NSEB Final Order (July 10, 2026) approves NSP Maritime Link Incorporated (NSPML)'s 2026 Revenue Requirement and cost assessment at $197.5 million, a $1.2 million reduction from the originally proposed $198.7 million, recovered from Nova Scotia Power Incorporated through monthly charges per Schedule A commencing January 1, 2026.
- The reduction follows the Board's May 11, 2026 Decision (2026 NSEB 10) directing that NSPML's Return On Equity be cut from 9.0% to 8.75% (saving ~$1.2 million) and that the Debt Service Coverage Ratio debt-to-equity ratio on sustaining capital be maintained at 70/30 rather than the proposed 60/40 (net saving ~$0.1 million after offsetting interest cost increases).
- The $4 million monthly holdback established under the December 23, 2025 Interim Order remains in effect and will continue to be applied and administered as directed by the Board.
- The Board imposed ongoing reporting obligations: NSPML must file quarterly LTAMP status reports (first due July 31, 2026), continue quarterly reports and Maritime Link Benefits Reports with hour-by-hour marginal cost data, and update its depreciation study upon completion of the cable protection project in 2026.
- The Board reserved jurisdiction to adjust NSPML's Rate Base for outstanding warranty, insurance, expropriation, and contractual matters, as well as sustaining Capital Expenditures for 2022–2025, and directed NSPML to include a rate base continuity schedule in future applications.
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What was filed
Documents filed on this day
- 102713 Board Order
- 102712 Board letter re: Order
- 102713 Board Order