Topic:"Accounting Policies" in M12898

REDACTED Distribution Routines ATO CA IR-5 Attachment 1 Page 15 of 67 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 13.2 NSPI may, upon written notice to the Service Provider, withhold or deduct from amounts otherwise due to the Service Pr...

AI summary NSPI has the right to withhold or deduct amounts from payments to the Service Provider under certain conditions, including for Liens, Payment Claims, monetary claims, and to protect against potential losses from deficient services or non-payment by the Service Provider.

REDACTED Distribution Routines ATO CA IR-5 Attachment 1 Page 28 of 67 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 29.5 No consent or waiver, express or implied, by any Party to this Agreement of any breach or default by any other Party i...

AI summary The text outlines legal provisions in an agreement between NSPI and a Service Provider, emphasizing no waiver of breaches, set-off rights, exclusivity of the agreement, independent contractor status, and procedures for execution and modification.

ver the same period. In addition, the CA noted that a particular concern is the $8 million year-over-year increase in Bin Work costs, resulting in a total increase of more than 300% in just two years. The CA suggested that the Board could...

AI summary The Consumer Advocate (CA) raised concerns about the $8 million increase in Bin Work costs and suggested reducing ATO cost recovery and improving reporting transparency. NS Power acknowledged some information gaps due to a 2025 cyber incident but is working to enhance its reporting capabilities.

ver the same period. In addition, the CA noted that a particular concern is the $8 million year-over-year increase in Bin Work costs, resulting in a total increase of more than 300% in just two years. The CA suggested that the Board could...

AI summary The Consumer Advocate (CA) raised concerns about a significant increase in Bin Work costs and suggested reducing ATO cost recovery and improving reporting transparency. NS Power acknowledged the issues but explained that a 2025 cyber incident limited data availability and noted challenges in implementing more detailed reporting.

e operating region; and a cost- benefit analysis comparing the total cost of having the work performed by external contractors with the estimated cost of completing the work using internal resources. Furthermore, the Board recognizes that...

AI summary The Board acknowledges NS Power's efforts to improve tracking and reporting of distribution-routine spending and directs the submission of a timeline for this initiative in the 2027 ACE Plan, including data categories identified by the Consumer Advocate.

c. All Parties NSEB APPROVAL SHEET Project Title: Distribution Routines CI Number: Various Date: June 11, 2026 Expenditure Profile Type of Filing Year Budget Amount Project Actuals Capital Project Authorization D055 10,620,862 21,980,684 U...

AI summary The document details an Authorization to Overspend (ATO) for the Distribution Routines project by Nova Scotia Power, with a significant variance between the 2025 ACE budget and actual expenditures. The project, labeled D055, had an approved budget of $10,620,862, but actual costs reached $21,980,684, resulting in a $11,359,822 variance. The Nova Scotia Energy Board approved the ATO on September 18, 2026.