Topic:"Accounting Policies" in M12914

10 11 12 13 14 15 As has been the case since 2018, NSPML will continue to invoice NS Power for recovery of its approved 2027 and 2028 assessments in equal monthly instalments ($13.46 million per month for 2027, and $12.79 million per month...

AI summary NSPML will continue to invoice NS Power for the recovery of its approved 2027 and 2028 assessments in equal monthly instalments, with specific adjustments for FLG2 costs and marine survey costs. The depreciation costs are increasing due to the full-year expense of the rock protection campaign in 2027 and the implementation of the station control monitoring system update in 2028.

1. Support for OM&G costs In CA IR-01, the Consumer Advocate requested accounting records as support for each cost category of the actual OM&G costs since 2019. In response, NSPML provided a table of costs by category, but no accounting re...

AI summary The Consumer Advocate requested accounting records to support NSPML's OM&G costs since 2019. NSPML provided a cost table but not actual records, offering a 'trial balance' report that was not fully responsive. The Consumer Advocate argues that proper accounting records are necessary for verification and transparency, requesting the Board direct NSPML to file such data with explanations and confidentiality protections.