Hearing Transcript — 01/13/2026 (Pecurica, Willett, Williams, Flemming, MacIntosh)

This document contains a transcript of a regulatory proceeding before the Nova Scotia Energy Board, including testimony and cross-examination related to cost-of-service studies, rate allocations, and methodologies such as the Minimum System Method and Peak-load Carrying Capacity Adjustment. Topics covered include expert witness qualifications, allocation of infrastructure costs, use of the Capital Asset Pricing Model (CAPM), and discussions about the accuracy and relevance of various cost estimation models and methods.