Topic:"Accounting Policies" in M12619

CONFIDENTIAL (Attachment Only) 1 Request IR-63: 2 3 G01: C0080206 POA Boiler Refurbishment 2026 4 5 Please provide a copy of the Point Aconi "Boiler Tube Repair Thermal Maintenance Practice 6 (TMP-004)", as identified in the 2022 ACE Plan....

AI summary The document discusses a request for information regarding the Point Aconi boiler refurbishment project under the 2026 Annual Capital Expenditure (ACE) Plan. It confirms that boiler tubes will not be replaced unless they reach 50% of their original wall thickness, with exceptions for safety reasons based on inspection data.

8.2 Site Management & Supervisors Dexter Project Manager TBD Phone: Email: Dexter Project Coordinator TBD Phone: Email: Dexter Superintendent TBD Phone: Email: Dexter Foreman TBD Phone: Email: Dexter Site Safety Representative TBD Phone: E...

AI summary The text outlines roles and contact information for project management and site supervision personnel involved in the Dexter and NSPI projects, with references to the 2026 ACE Plan and an attachment to an information request from the Nova Scotia Energy Board.

NON-CONFIDENTIAL 1 Request IR-81: 23 (a) The project is planned to take 12 weeks to complete during the TUC1 Outage starting in 24 April 2026. 25 26 (b) The rates in the C0068898 estimate for Maintenance Trade Regular Labour and 27 Mainten...

AI summary The document outlines details of a project planned during the TUC1 Outage in April 2026, including labor costs, overtime meal expenses, and office trailer rentals. The project is expected to take 12 weeks, with both day and night shifts required. Overtime meal costs are capitalized under NS Power's accounting policy.

(b) What does the reference to "Regular" O/H Rates mean for "PP" Generation and Customer Operations, and where is this term defined in NS Power's Accounting Policies? (c) Why is the Hydro Generation O/H Rate of 88.84% more than double that...

AI summary The text asks about the meaning of 'Regular' O/H Rates for PP Generation and Customer Operations, the discrepancy between Hydro and PP Regular O/H Rates, and opportunities for reducing these rates. The response indicates that 'PP Regular' refers to Power Production.

(b) "Regular" refers to Regular Administrative Overhead, also known as Labour AO. NS Power has three types of AO Rates, which are calculated in accordance with Board- 1 approved Accounting Policy 6230 – Application of Administrative and Ve...

AI summary The text discusses the calculation of Administrative Overhead (AO) rates by NS Power, highlighting that AO rates are based on budgeted overhead costs relative to capital labour costs. It explains that increased AO rates may not reflect higher costs but could result from lower capital labour budgets or increased administrative support. Outsourcing efforts may reduce AO rates but could increase overall capital program costs.

As of December 31, 2025 This report includes all projects that have been removed from rate base per the conditions as established and approved in the CEJC and Accounting Policy 1520 - Rate Base, and their associated 2025 Income Statement i...

AI summary This report outlines projects removed from the rate base based on conditions from the CEJC and Accounting Policy 1520. It includes amendments related to 'Forgone Earning Potential' and a new approval threshold of $1,000,000 effective October 30, 2019.

This report includes all capital projects greater than $1 million that are within the rate base thresholds as established and approved in the CEJC and Accounting Policy 1520 - Rate Base, that have not been approved by the Board at December...

AI summary This report details capital projects over $1 million within the rate base thresholds approved by the CEJC and Accounting Policy 1520 - Rate Base, excluding those approved by the Board by December 31, 2025. It differs from the Unapproved Spending report by excluding projects removed from the Rate Base.

Project Retirement Percentage of GBV of Asset Pool Retired Nature of Retirement and Life Cycle Policy Accounting Treatment of Retirement Amount Amount Distribution Plant - D D004 NEW CUSTOMER REPLACEMENTS ROUTINE -1,515,746 0.07% of Total...

AI summary The document outlines the retirement of various capital assets, including distribution plant and transportation vehicles, under different projects. Each project specifies the amount retired, the percentage of the asset pool retired, the nature of retirement, and the associated accounting treatment, which involves debiting the retirement amount to accumulated depreciation without recognizing gains or losses.

2.4 Interested Party Review of the CEJC [86] The IG recommended interested party review of the Routine Expenditure provisions of the CEJC, including consideration of a materiality threshold requiring enhanced justification where a Routine...

AI summary The IG recommended an interested party review of the Routine Expenditure provisions of the CEJC, including a materiality threshold for significant year-over-year growth. NS Power opposed a separate process, citing existing transparency and scrutiny through the annual ACE Plan, reporting requirements, and ATO processes.

2.4.2 Directives [88] The Board finds that the sustained growth and evolving composition of the Routine Program require requires enhanced prospective transparency. The additional information is intended to preserve the regulatory efficienc...

AI summary The Board requires NS Power to enhance transparency in the Routine Program by providing detailed cost and performance data, including five-year comparisons, cost breakdowns, and explanations for year-over-year changes. This is intended to ensure regulatory efficiency and proper cost justification.

ant cost categories. For Routines using internal labour the information should also include a breakdown of labour costs (regular and overtime labour, budgeted costs and hours, actual costs and hours). - 3. NS Power must provide sufficient...

AI summary The document outlines requirements for NS Power to provide detailed cost breakdowns and explanations for changes in routine expenditures, including labour, materials, and contractor costs. It also mandates the use of existing systems for productivity monitoring and the inclusion of Routine Expenditure provisions in the 2028 ACE Plan review.

hould require enhanced justification where a Routine experiences significant year-over-year expenditure growth or materially evolves in its work categories, standards, objectives or system capability. - 8. Upon identifying a change to proj...

AI summary The Order outlines requirements for NS Power to justify significant expenditure growth and changes in project deliverables, and mandates coordination with IESO Nova Scotia regarding the 2027 ACE Plan and The Path to 2030 Update .

- 1. NS Power will provide Designated Confidential Information, as defined herein, to the Designated Recipient as defined in the undertaking to which this schedule is attached. - 2. Designated Confidential Information shall consist of mate...

AI summary NS Power outlines the types of information designated as confidential in its 2026 ACE Plan filing, including engineering studies, commercial quotations, and proprietary third-party information, which are confirmed as confidential by the Nova Scotia Energy Board.

imization in areas where it is not currently scoped for use; and (3) NS Power should adopt the use of an equivalent to the Basis of Schedule for routines in which the work is not "reactive in nature." NS Power, in its Rebuttal Evidence, re...

AI summary The document discusses NS Power's response to recommendations regarding reporting practices for the Work Management and Scheduling & Dispatch project. NS Power argues that current reporting already captures benefits for capital projects and operating expenses and confirmed it can provide detailed tracking of transactions and compatible units tied to work orders and accounts.

- administrative matter for the Board and stakeholders to consider in future proceedings. - Specifically, NS Power respectfully submits that there may be value in reassessing the extent of - information and the number of figures included i...

AI summary NS Power suggests that the 2026 ACE Plan may benefit from a reassessment of the information included, particularly in Section 11.1.4, due to potential confusion and lack of probative value. It also proposes moving reliability-related information to the Five-Year Reliability Plan update to consolidate and streamline data presentation for the Board and stakeholders.

- The proposed audit is unwarranted and unsupported. NS Power's annual financial statements are - prepared in accordance with applicable accounting standards and are independently audited, and - the Company's Management's Discussion and An...

AI summary NS Power argues that an audit is unwarranted, stating that its financial statements are prepared according to accounting standards and are independently audited. It emphasizes compliance with Board-approved accounting policies and the existence of a continuous, auditable record of asset valuation and cost recovery.

2.4 Interested Party Review of the CEJC [86] The IG recommended interested party review of the Routine Expenditure provisions of the CEJC, including consideration of a materiality threshold requiring enhanced justification where a Routine...

AI summary The IG recommended an interested party review of the Routine Expenditure provisions of the CEJC, including a materiality threshold for significant year-over-year growth. NS Power opposed a separate process, arguing that the annual ACE Plan, reporting requirements, and ATO processes already ensure adequate transparency and scrutiny.

2.4.2 Directives [88] The Board finds that the sustained growth and evolving composition of the Routine Program require requires enhanced prospective transparency. The additional information is intended to preserve the regulatory efficienc...

AI summary The Board requires NS Power to enhance transparency and reporting for the Routine Program, including detailed financial and operational data, to ensure regulatory efficiency and proper cost justification. This includes rolling five-year comparisons, cost breakdowns, and explanations for changes in expenditures.

3.2 CEJC Scope Change Amendments and Recommendations [99] Capital project Scope Change applications are currently addressed in Section 12.2 of NS Power's Capital Expenditure Justification Criteria. These are intended to address changes in...

AI summary The document discusses the need to define 'Scope Change' in the CEJC, as raised by the IG during the 2025 ACE Plan proceeding. The Board agreed and directed NS Power to consult on incorporating a definition into the CEJC for the 2026 ACE Plan.

project costs and/or operational risks would not arise with a delay in work. In these cases, a Scope Change application would be prospective, providing the Board with regulatory oversight in advance. [113] NS Power also stated that it ende...

AI summary The document discusses the regulatory framework for ATO applications and Scope Change applications, emphasizing the importance of timely filing to ensure cost recovery and regulatory oversight. NS Power argues that early filing of ATO applications reduces the need for Scope Change applications, but the Board suggests there may still be situations where Scope Change applications are necessary even before ATO thresholds are exceeded.

cost escalations, the DOE recommended the Board undertake an audit of the Utility's Fixed Asset Register. This appears to be related to a concern that because of the points raised above, there may be assets that are no longer used and usef...

AI summary The document discusses concerns about the accuracy of Nova Scotia Power's Fixed Asset Register, with the Department of Energy recommending an audit. The Board notes that assets in rate base are based on net book value, not market value, and that an audit is not currently necessary given recent reviews of accounting practices.

NS POWER PANEL 43 In-ch, (Power) 1 integrity programs. Since then, I've held several roles 6 Scotia Power in this matter; is that correct? 7 (Pickles) Yes, that's correct. A. 8 And that evidence includes Nova Q. 9 Scotia Power's Applicatio...

AI summary The document outlines Nova Scotia Power's 2026 Annual Capital Expenditure Plan (ACE Plan), highlighting the company's commitment to safe and reliable electricity delivery. It includes evidence submitted by Nova Scotia Power, including their application, responses to information requests, and rebuttal evidence, all prepared under the direction of the panel.

NS POWER PANEL 65 Cr-ex, (Murphy) 1 yes. 20 In this case, we certainly wouldn't 21 have had all that information, some of it due to the cyber 22 event that we had last year. We did lose certain 23 information. But our accounting software d...

AI summary The text discusses the impact of a cyber event on data tracking at Nova Scotia Power, particularly in relation to labour hours and capital projects. It highlights the use of PowerPlan software for tracking labour and the challenges faced due to data loss.

NS POWER PANEL 73 Cr-ex, (Murphy) 1 just to confirm what that refers to. 2 (Beaton) They're tracked through A. 3 our financial system today and they do flow into PowerPlan 4 when they're charged to capital projects. 5 Q. Okay. And do they...

AI summary The discussion revolves around how transactions are tracked within NS Power's financial system, specifically relating to capital projects and time inputs from field employees in Maximo/Salesforce. There is a suggestion to include this tracking information in an undertaking for transparency.