5.2 .4 Effective Useful Life 29
AI summary The document provides a definition related to 'Effective Useful Life' with a value of 29, likely referring to the lifespan of an asset for accounting or regulatory purposes.
Request IR-16: Reference: Exhibit E-1, Application, Appendix A, Section 4.7, pages 40–42/112; Exhibit E- 1, Appendix B, Attachment 2. Preamble: E1 states that the rate-class allocation of expenditures was developed using three years of his...
AI summary The request seeks detailed information on the rate-class allocation methodology used by E1, including its full methodology, historical data, reconciliation with the 2027–2031 Preferred Plan, and confirmation of programs requiring bespoke assumptions. It also asks for confirmation on mid-course adjustments affecting spending allocations.
Management's Discussion & Analysis As at February 23, 2026 Management's Discussion & Analysis ("MD&A") provides a review of the results of operations of Nova Scotia Power Inc. during the fourth quarter of 2025 relative to the same quarter...
AI summary This section of the document provides an overview of Nova Scotia Power Inc.'s financial performance in the fourth quarter of 2025 compared to 2024, as well as for the full year of 2025 relative to 2024. It also includes selected financial information for 2023 and discusses the company's financial position as of December 31, 2025. The document notes that NSPI's accounting policies are subject to approval by the Nova Scotia Energy Board.
Significant changes in the Consolidated Balance Sheets between December 31, 2025 and December 31, 2024 include: Increase millions of dollars (Decrease) Explanation Assets Receivables, net $ 140 Increased due to timing of billing and receip...
AI summary The Consolidated Balance Sheets show significant changes between 2024 and 2025, including increases in receivables, income taxes, and regulatory assets, as well as changes in debt and equity positions. The changes are attributed to factors such as timing of billing, investment returns, capital investments, and tax-related adjustments.
PENSION FUNDING For funding purposes, NSPI determines required contributions to its registered defined benefit pension plans based on smoothed asset values. This reduces volatility in the cash funding requirement as the impact of investmen...
AI summary NSPI uses smoothed asset values to determine pension contributions, reducing cash funding volatility. Contributions are tax deductible and funded from operations. Defined benefit plans have a long-term asset allocation strategy managed by external investment managers. Defined contribution plans are projected to require $9 million in 2026.
On December 19, 2025, NSPI invested $9 million in WTI and recorded this within "Investments subject to significant influence" on the Consolidated Balance Sheets. Equity earnings issued to NSPI from WTI for the year ended December 31, 2025...
AI summary NSPI invested in WTI and issued shares to Emera in 2025, with no equity earnings from WTI. NSPI also returned significant capital to Emera without reducing share count, and has a large debt balance to Emera and affiliates.
The Company has the following categories on the Consolidated Balance Sheets related to derivatives receiving regulatory deferral: As at December 31 December 31 millions of dollars 2025 2024 Derivative instrument assets (current and other a...
AI summary The Company reports derivative instrument and regulatory asset and liability balances on its Consolidated Balance Sheets for 2025 and 2024, with a net asset of $2 in 2025. These balances are related to derivatives receiving regulatory deferral.
DISCLOSURE AND INTERNAL CONTROLS In accordance with National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, the Chief Executive Officer and Chief Financial Officer of the Company will file a Venture...
AI summary The document discusses the disclosure requirements under National Instrument 52-109, outlining that the CEO and CFO of the company are required to file a Venture Issuer Basic Certificate. This certificate does not require representations on controls and procedures related to financial reporting and the reliability of financial statements.
CHANGE IN ACCOUNTING POLICY The new USGAAP accounting policy that is applicable to, and adopted by the Company in 2025, is described as follows:
AI summary The document discusses the adoption of a new USGAAP accounting policy by the Company in 2025, though specific details of the policy are not provided in the text.
The Company has the following categories on the Condensed Consolidated Balance Sheets related to derivatives receiving regulatory deferral: As at March 31 December 31 millions of dollars 2026 2025 Derivative instrument assets (current and...
AI summary The document outlines the Company's derivative and regulatory assets and liabilities as of March 31, 2026, and December 31, 2025, highlighting changes in their values. It also notes the regulatory impact recognized in net income related to these items.
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