Topic:"Accounting Policies" in M11990

NON-CONFIDENTIAL 1 Request IR-1: 2 3 Please refer to page 3, lines 20 through 27, of the Application dated November 28, 2024 and 4 provide: 5 6 (a) An estimate of the average AFUDC balance and the total forecast AFUDC to be 7 capitalized i...

AI summary The document outlines responses to a request regarding financial estimates for Nova Scotia Power. It includes the average balance of construction work in progress (CWIP), total AFUDC capitalized, non-capital deferrals, and the impact of adjusting the approved rate on finance expenses.

1 analysts from a greater number of banks (11 vs. 5) which should increase the robustness of 17 18 Response IR-4: 19 20 (a) NS Power applied ASC 480, Distinguishing Liabilities from Equity, to determine the 21 appropriate accounting treatm...

AI summary NS Power applied ASC 480 to account for WMA preferred shares as a liability due to their mandatory redemption feature. This decision was supported by external auditors and did not impact equity thickness or the WACC/AFUDC rate calculation during the 2013-2014 General Rate Application proceeding.

PARTIALLY CONFIDENTIAL (Attachment Only) 1 Request IR-6: 2 3 (a) Please provide a schedule detailing the projected opening and closing balances of 4 construction work in progress for 2025, to which the proposed AFUDC rate is 5 expected to...

AI summary The document outlines a request for information regarding NS Power's projected construction work in progress balances and AFUDC charges for 2025, as well as its equity ratios for 2024 and 2025. NS Power provides some details but notes it cannot disclose actual capital structure data until its 2024 Regulated Financial Statements are completed.

14 .1 Appendix A - WACC calc 17 1) Figures presented reflect whole numbers which may cause $1M in rounding differences on some line items. 18 2) Pre-tax equity cost excludes the income tax gross-up factor. 19 3) Average capital reflects av...

AI summary This section provides notes on the WACC calculation, indicating that rounding differences may occur due to the use of whole numbers and that the pre-tax equity cost excludes the income tax gross-up factor. The average capital is calculated as the average of year-end balances.