Topic:"Accounting Policies" in M12696

NSPML Responses to Industrial Group Information Requests 1 exists for specific reasons, and those reasons no longer existed. NSPML submits that 24 a) The ~$15 million in holdback has been recorded as a revenue by NSPML in the applicable 25...

AI summary NSPML explains that the release of a holdback would not affect its income statement, revenue requirement, return on equity, or WACC calculation. The holdback is treated as a return of equity, reducing average equity thickness slightly. It also notes that the release would not impact debt service coverage ratios, loan covenants, or FAM reporting.

NSPML Responses to NSEB Information Requests 1 Request IR-01: 2 3 On page 6 of the application, NSPML requests an end to the holdback mechanism and that holdback 4 amounts retained after May 1, 2024, be distributed with updated WACC to the...

AI summary NSPML is requesting the end of the holdback mechanism and the distribution of retained amounts after May 1, 2024, with updated WACC. The NSEB is asking for clarification on how these balances have been treated in accounting, the delay in filing the application, and the use of NS Power's WACC rates.