AI-generated summary
· Application · 07/24/2026
Nova Scotia Power filed reply submissions in the M12833 DDA 2025 Annual Report proceeding, defending annual securitization reporting and clarifying limits on expanding the scope of a potential securitization transaction
AI summary
- NS Power replied to submissions from the Consumer Advocate and Small Business Advocate, both of which focused on the stalled progress toward Securitization of Decarbonization Deferral Account assets rather than disputing the DDA Report's contents or compliance with the DDA Manual.
- NS Power opposed the CA's request for quarterly securitization updates, arguing that progress is entirely contingent on external legislative action outside the company's control, and committed instead to prompt notification of any material developments between annual reports.
- NS Power explained that the forecast $156M unrecovered balance as of December 31, 2029 consists of $90.4M in future capital additions (2026–2029) and $65.6M in unincurred decommissioning obligations, making it infeasible to include these amounts in a securitization transaction, as credit markets require a defined regulatory asset backed by an irrevocable customer charge.
- In response to the SBA, NS Power confirmed that the 2030 federal/provincial decarbonization deadline does not constrain the amortization period and that securitization in 2027 would still deliver meaningful customer benefit, with the main risk being interest rate movement narrowing the financing spread.
- NS Power acknowledged Board direction from M12451 that Cost Deferral of depreciation and financing costs under the DDA is approved only through December 31, 2027, and committed to proposing an alternative cost recovery mechanism if securitization is not achieved in the 2026–2027 window.
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What was filed
Documents filed on this day
- 102942 Replys Submission - NSPI