AI-generated summary
· Application · 08/05/2026
Bates White's redacted 2024–2025 FAM audit report for Nova Scotia Power is now publicly available, presenting 42 recommendations across fuel procurement, hedging, plant performance, and the ELIADC tariff
AI summary
- The newly released redacted audit report by Bates White covers Fuel Adjustment Mechanism operations at Nova Scotia Power Inc for 2024–2025, spanning 15 chapters and issuing 42 recommendations on topics ranging from solid fuel and biomass procurement to natural gas supply planning, hedging, and FAM accounting
- A significant cybersecurity incident beginning April 25, 2025 disrupted NSPI's Aligne fuel-tracking system for months, forcing manual workarounds across solid fuel, biomass, and fuel oil inventory management and affecting the audit trail reviewed by BDO
- Solid fuel consumption ran 26.9% above forecast, driven by lower-than-expected surplus energy imports and fuel blend changes; the audit flagged NSPI's failure to invite all regular trucking vendors to a procurement and found weaknesses in how index-priced coal offers are evaluated without a risk premium
- On natural gas supply planning, Bates White found NSPI did not complete risk mitigation analyses recommended in the prior 2022–2023 audit, leading to missed opportunities when evaluating firm transportation capacity options on the Maritimes & Northeast Pipeline system
- The Eliadc Tariff chapter identifies systemic deficiencies in how NSPI calculates ADC benefits, tracks PHP deviations from schedule, and characterizes mandatory fixed cost contributions — with the audit recommending tariff revisions and improved reporting to the Board
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-5 2024-2025 Bates White FAM Audit Report - Redacted
- N-5(C) 2024-2025 Bates White FAM Audit Report - Confidential