NSPML files redacted Round 1 IR responses to Consumer Advocate, Industrial Group, NSEB, and Small Business Advocate in M12914 2027/2028 Assessment Application

M12914 · NSP Maritime Link Inc. - 2027 / 2028 Assessment Application - NSPML

AI summary

Nspml filed responses to 42 information requests from four parties (CA IRs 1–7, IG IRs 1–17, NSEB IRs 1–12, SBA IRs 1–6) on August 20, 2026, with confidential attachments filed separately on the Board's secure portal.
The marine survey Cost Recovery mechanism dominated questioning: NSPML defends its 'Placeholder' cost approach as analogous to Ns Power's Fuel Adjustment Mechanism, expects to file the Contracted Marine Survey cost before year-end 2026, and does not object in principle to a Board-directed deferral account but prefers the FAM route due to NSPML's higher incremental borrowing costs (CORRA + CSA + 170–220 bps vs. 145–170 bps for a BBB- utility).
On Capital Expenditures and Depreciation Amortization, NSPML confirmed the SCM upgrade is scheduled for September 2028, a separate capital application is targeted for Q3 2027, and only one quarter of depreciation (~Q4 2028) is included in the assessment; the Cable Protection Project is substantially complete with rock installation finished in August 2026.
O&M cost detail was provided across years 2021–2028 (IG IR-02, Table 2), with total assessed costs of $27.2M in 2027 and $21.6M in 2028; the 2024 variance from approved exceeded 10% primarily due to converter station cost reductions, vacant positions, and a deferred agreement, resulting in a $2.5M customer refund.
NSPML disclosed that its IGBT spare inventory strategy targets 224 units by 2032 using a phased ordering approach, and confirmed that unresolved land expropriation matters in both Nova Scotia (7 of 54 parcels outstanding) and Newfoundland (no active expropriation panel) remain status quo with no new resolution pathway identified.

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What was filed

Documents filed on this day

N-3 NSPML (CA) RIRs 1-7 - Redacted exhibits
N-3(C) NSPML (CA) RIRs 1-7 - Confidential exhibits
N-3(C)-(i) CA IR-1 - Attachment 1 CONFIDENTIAL (EO) exhibits
N-4 NSPML (IG) RIRs 1-17 - Redacted exhibits
N-4(C) NSPML (IG) RIRs 1-17 - Confidential exhibits
N-4(C)-(i) IG IR-8 Attachment 1 CONFIDENTIAL - EO exhibits
N-5 NSPML (NSEB) RIRs 1-12 - Redacted exhibits
N-5(C) NSPML (NSEB) RIRs 1-12 - Confidential exhibits
N-5(C)-(i) NSEB IR-8 Attachment 01 CONFIDENTIAL - EO exhibits
N-6 NSPML (SBA) RIRs 1-6 - Redacted exhibits
N-6(C) NSPML (SBA) RIRs 1-6 - Confidential exhibits
103267 Letter from NSPML enclosing RIRs / confidentiality other_documents