Topic:"Accounting Policies" in M12883

1 Figure 1: Comparison of Transactions Between NS Power and NSPEMI in 2025 Category NS Power Provided to NSPEMI, $ NSPEMI Provided to NS Power, $ Goods & Services (Contracted Amounts) Rentals Labour & Expenses Corporate Transactions Manage...

AI summary The text discusses the year-over-year comparison of transactions between NS Power and NSPEMI in 2025. It highlights an increase in natural gas sales by NSPEMI to NS Power and an increase in M&A services provided by NS Power to NSPEMI. It also mentions a decrease in purchases of natural gas and electricity by NSPEMI for NS Power compared to 2024.

- 3 The 2025 Report provides an account of affiliate transactions in 2025 and demonstrates NS - 4 Power's compliance with the 2020 Affiliate Code and the CAM. 5 - 6 NS Power is committed to transparency with respect to its transactions wit...

AI summary The 2025 Report outlines NS Power's compliance with the 2020 Affiliate Code and the CAM, detailing its transactions with affiliates and affirming that these transactions provided the best available option for customers.

2025 Affiliate Code of Conduct Report Appendix A Page 24 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Entity Entity Percentage Owned by Emera or Registered Address Nature of Business Number Other Affiliate 90 NSP Maritime Link 100% ow...

AI summary This document provides information on affiliates of Emera, including their ownership, registered addresses, and nature of business. It lists entities such as NSP Maritime Link and 3264956 Nova Scotia Ltd., along with their respective officers and roles.

2025 Affiliate Code of Conduct Report Appendix A Page 37 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Entity Number Entity Percentage Owned by Emera or Other Affiliate Registered Address Nature of Business 187 Tampa Electric Company 1...

AI summary The document outlines the ownership structure, registered addresses, and key personnel of several entities affiliated with TECO Holdings, Inc., including Tampa Electric Company and TECO Diversified, Inc. These entities are involved in various business operations, including public regulated electric utility services and financing for non-regulated business activities.

Appendix C 2025 Utility Performance Report Category Measure 2025 2024 2023 Notes the CAM. Each M&A Service is allocated individually as specified in section 14.0 of Feb-25 3267654 Nova Scotia Limited (Terminal Road) 5112 9S-10-R 9S M & A S...

AI summary The text presents a portion of the 2025 Utility Performance Report, detailing various transactions and allocations related to M&A services, including sales and purchases with pricing exceptions and references to the Cost Allocation Manual (CAM). Notes mention sublease rates and specific sections of the CAM.

(Y/N) Reference Period Company InterCo ID Tag Pricing Exception Line Description Amount Purchase/Sale FMV/FAC/Pricing Exception Explanation Aug-25 Tampa Electric 6P-80 6P TECO Audit charges Labour ($1,556) Purchase FAC Sep-25 Tampa Electri...

AI summary The document outlines various financial transactions and adjustments made by companies such as Tampa Electric and Emera Inc. during specific periods, including audit charges, incentive payouts, and corporate allocations. These transactions are categorized under Fair and Appropriate Cost (FAC) and include details on non-regulated adjustments and affiliate transactions.

Date Nova Scotia Power Energy Marketing Inc. (NSPEMI) Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 1S-25 1S NG Sale Sale Pricing Exception Feb-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 2P-46 2P Jan Purchase - FX book...

AI summary The document outlines several transactions involving Nova Scotia Power Energy Marketing Inc. (NSPEMI), including sales and purchases with pricing exceptions approved by the NSEB. These transactions use a flow-through pricing protocol based on market prices, and specific allocations are determined by the Cost Allocation Manual (CAM).

2025 Affiliate Code of Conduct Report Appendix H Page 2 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance Many routine transactions can be considered as Pricing Exceptions. Refer to Section 6.3 of t...

AI summary This document discusses routine transactions considered as Pricing Exceptions under Section 6.3 of the Code and refers to Section 6.2.1 of the Code and Section 15.0 of the Cost Allocation Manual (CAM).

2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance period. The cost of personnel will include the Labour Overhead Application Rate. All costs...

AI summary The document outlines guidelines for allocating personnel costs to clients, emphasizing direct charging where possible, followed by allocation based on specific cost drivers. If neither is feasible, general allocation factors may be used. Corporate overhead and non-productive rates are referenced for cost calculations.

- 5 Reference: Ex. N-1, Report, Appendix D(9a), Note, pdf. 116; Appendix D(9b), Note, pdf. - 6 117; Appendix D(10a), Note, pdf. 119; Appendix D(10b), Note, pdf. 120. - 7 Preamble: The notes to Appendices D(9a), D(9b), D(10a) and D(10b) dis...

AI summary The document references appendices that discuss the impact of the 2025 cyber incident on the availability of actual data for allocating M&A Services costs, leading to the use of forecasts and estimates. It requests clarification on the financial impact, methodology, true-up timing, and potential over/under-charging of affiliates.

Request IR-1: - With reference to Appendices D9 and D10. Nova Scotia Power (NS Power) notes that a significant - portion of 2025 Management and Administrative Services (M&A Services) was billed based on - forecast information and will be t...

AI summary Nova Scotia Power (NS Power) refers to Appendices D9 and D10, noting that a significant portion of 2025 Management and Administrative Services (M&A Services) was billed based on forecast information and will be adjusted to actual results. The request seeks confirmation on data availability, reconciliation timeline, and how final charges will be determined if data is missing.

Request IR-8: - With reference to Appendix I: - a) Please Identify agreements that were amended, renewed, terminated or expired since the 2024 report. - b) Please identify agreements whose pricing provisions have not been reviewed or updat...

AI summary Request IR-8 asks for the identification of agreements that have been amended, renewed, terminated, or expired since the 2024 report, as well as those whose pricing provisions have not been reviewed or updated in the past five years.