1 analysts from a greater number of banks (11 vs. 5) which should increase the robustness of
1 analysts from a greater number of banks (11 vs. 5) which should increase the robustness of 17 18 Response IR-4: 19 20 (a) NS Power applied ASC 480, Distinguishing Liabilities from Equity, to determine the 21 appropriate accounting treatm...
AI summary NS Power applied ASC 480 to account for WMA preferred shares as a liability due to their mandatory redemption feature. This decision was supported by external auditors and did not impact equity thickness or the WACC/AFUDC rate calculation during the 2013-2014 General Rate Application proceeding.