N-2 Exhibits 08/15/2025

Report - Refiled

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This document is an exhibit filed as part of a regulatory matter with the Nova Scotia Energy Board. It contains a refiled report dated August 15, 2025, related to the 2024 Short Run Marginal Cost (SRMC) test, including background on regulatory proceedings, SRMC calculations, adjustments for transmission loss and inefficient usage, factors influencing SRMC, revenue adjustment mechanisms, price elasticity estimates, and test results for various rate classes.

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Filed in: M12350 — Nova Scotia Power Inc. - 2024 Short Run Marginal Cost (SRMC) Test to Rates Report

Filing event: CLOSING_EVIDENCE on 08/15/2025

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