Topic:"Affiliate Transactions" in M12451

APPENDIX 7A – OM&G COSTS BY GROUP APPE: NDIX 7A – OM&G COSTS BY GROUP 1 1.1 OM&G Costs by Group 2 1.2 Inflationary Increases 6 1.3 Power Production 6 1.4 Enterprise Asset Management and Project Implementation 10 1.5 Energy Delivery 11 1.5....

AI summary Appendix 7A details the categorization of OM&G (Operations, Maintenance, and General) costs across groups such as inflationary increases, power production, enterprise asset management, energy delivery, customer experience, environmental services, and corporate adjustments. It outlines subsections including T&D contractor management, grid modernization, cyber security, and executive compensation.

2026-2027 GRA OE-01L Confidential Attachment 1 has been removed due to confidentiality. Requirement: 2 3 4 1 Provide information on all fuel related Affiliate Transactions for the last two years actual. 5

AI summary The document requests information on all fuel-related affiliate transactions for the past two years, indicating a focus on financial and operational transparency between affiliated entities.

(Confidential and Non-Confidential Versions) - Provides details per month on the purchase and sale of power, fuel or other commodities between NS Power and NS Power Energy Marketing Inc. (NSPEMI). - Breaks down the transactions by product,...

AI summary This document details monthly transactions involving the purchase and sale of power, fuel, and other commodities between NS Power and NS Power Energy Marketing Inc. (NSPEMI), including breakdowns by product, transaction type, date/time, volume, price, and cost or revenue.

A-12 AFFILIATE TRANSACTIONS ( Confidential ) Summary of all fuel and power related affiliate transactions for the period

AI summary This section provides a summary of all fuel and power-related affiliate transactions for a specified period, highlighting interactions between affiliated entities within the Nova Scotia power sector.

Affiliate Transactions - Fuels and Power No Go ds / Se ice o rv Pro i de r v Go ds / Se ice o rv Re ive ce r Do l lar s S ho De ip ion t t r scr Pr ic ing Me ha ism c n Pr ice Pa i d 1 2 3 4 5 Co tar mm en y - Nova Scotia Power Inc.

AI summary The section discusses affiliate transactions related to fuels and power, with Nova Scotia Power Inc. listed as an entity involved. The table is incomplete and lacks specific details on goods, services, providers, recipients, and financial information.

TRANSACTIONS WITH RELATED PARTIES The Company enters into transactions with Emera Inc. and other subsidiaries or investments of Emera Inc. in the normal course of operations. NSPI's related parties include investments accounted for using t...

AI summary NSPI engages in transactions with related parties, including Emera Inc. and its subsidiaries, which are governed by an Affiliate Code of Conduct approved by the NSEB. These transactions are accounted for using the equity method and include entities such as Emera Energy Inc. and NSPML.

The Company enters into transactions with Emera Inc. and other subsidiaries or investments of Emera Inc. in the normal course of operations. NSPI's related parties include investments accounted for using the equity method. As at June 30, 2...

AI summary The Company engages in transactions with Emera Inc. and its subsidiaries, governed by an Affiliate Code of Conduct approved by the NSEB. Related parties include several entities such as Emera Energy Inc. and NSPML, with investments accounted for using the equity method as of June 30, 2025.

NSPI has a contractual obligation to pay NSPML, a related party, for the use of the Maritime Link over approximately 38 years from its January 15, 2018, in-service date. On November 29, 2024, NSPML received NSEB approval to collect up to $...

AI summary NSPI is required to pay NSPML for using the Maritime Link over 38 years. In 2024, NSPML received approval from NSEB to collect up to $197 million from NSPI in 2025, including $158 million for the annual cost assessment and $39 million for the repayment of a federal loan guarantee, with a monthly holdback of up to $4 million.

Emera holds a variable interest in NSPML, a VIE for which it was determined that Emera is not the primary beneficiary since it does not have controlling financial interest of NSPML. When the critical milestones were achieved, Newfoundland...

AI summary Emera holds a variable interest in NSPML but is not the primary beneficiary, while ECI is the primary beneficiary of the SIF and must consolidate it. The SIF is established to cover risks related to damage and loss to energy systems, and its assets are recorded as 'Other long-term assets', 'Restricted cash', and 'Regulatory liabilities'.

cted cash" and "Regulatory liabilities" on the Condensed Consolidated Balance Sheets. Amounts included in restricted cash represent the cash portion of funds required to be set aside for the BLPC SIF. The Company has identified certain lon...

AI summary The document discusses restricted cash and regulatory liabilities on the balance sheet, specifically related to the BLPC SIF. It also explains that the company is not the primary beneficiary of certain long-term purchase power agreements due to a lack of control over the generating entity.

Related Party Transactions Transactions between Emera and related parties are monitored in several ways to determine that such transactions comply with applicable laws, regulatory rules and the Code. In particular: - The Audit Committee ov...

AI summary The document outlines how Emera monitors and manages related party transactions to ensure compliance with laws and regulatory rules. Oversight is provided by the Audit Committee and the NCGC, which review disclosures, conflicts of interest, and adherence to the Code. The Code also sets limits on ownership and roles for directors, officers, and employees in related entities.

2026-2027 General Rate Application (M12451) NSPI Responses to GT Information Requests 1 Request IR-14: 5 Per N-6, (Appendix 7C), page 11-12 of 58, we understand that 2026 forecast is higher than 6 2024 compliance restated and 2024 actuals...

AI summary NSPI responded to information requests regarding increases in human resources costs for 2026, citing increased utilization of Human Resource services and centralized Talent Management handled by Emera, leading to cost savings and increased staffing levels at NS Power.

The Company enters into transactions with Emera Inc. and other subsidiaries or investments of Emera Inc. in the normal course of operations. As at December 31, 2024, related parties include Emera Inc., Brooklyn Power Corporation, Emera Ene...

AI summary The document outlines that NSPI engages in transactions with various subsidiaries and investments of Emera Inc., which are governed by an Affiliate Code of Conduct approved by the UARB. Related parties include Emera Inc., Brooklyn Power Corporation, and others.

24. VARIABLE INTEREST ENTITIES The Company has identified certain long-term purchase power agreements that meet the definition of variable interests as the Company has to purchase all or a majority of the electricity generation at a fixed...

AI summary The Company has identified long-term purchase power agreements that meet the definition of variable interest entities (VIEs), but it was determined that the Company is not the primary beneficiary. No new VIEs were identified for the year ended December 31, 2024.

TRANSACTIONS WITH RELATED PARTIES The Company enters into transactions with Emera Inc. and other subsidiaries or investments of Emera Inc. in the normal course of operations. As at December 31, 2024, related parties include Emera Inc., Bro...

AI summary The Company engages in transactions with Emera Inc. and its subsidiaries, including Emera Energy Inc. and NSPML, as part of its regular operations. These transactions are governed by an Affiliate Code of Conduct approved by the UARB.

Note 3- Increase is due to system growth and increase in customer-requested work. The 2024 1 2 3 Compliance forecast expected lower staffing levels due to the closure of two generating units at the time of the 2023-2024 GRA. 27 from Energy...

AI summary Note 3 explains the increase in costs due to system growth and customer-requested work. The 2024 GRA anticipated lower staffing levels due to the closure of two generating units. Request IR-43 asks for details on employee compensation related to Emera and its affiliated companies, and the response outlines the CEO's compensation and corporate support services.

NON-CONFIDENTIAL 1 Request IR-62: 25 (c) Talent Management is handled by NS Power's Parent company Emera and costs are 26 allocated to NS Power in accordance with the Board-approved Affiliate Code of Conduct 27 and Cost Allocation Manual....

AI summary The text discusses NS Power's approach to Talent Management, which is centralized under its parent company Emera, with costs allocated to NS Power following the Board-approved Affiliate Code of Conduct and Cost Allocation Manual. Increased staffing levels at NS Power have led to higher utilization of these services. The text also notes challenges in comparing NS Power to other utilities due to structural and operational differences.

h. Service Performed by Affiliates The Company proposes $373,272 for customer services performed by affiliates, which is the Company's $345,150 Test Year amount plus a $28,122 adjustment for inflation. Late Filed Ex. 1, Att. 2 Supp., Sch....

AI summary The Company proposes $373,272 for customer services performed by affiliates, which includes an inflation adjustment. The Authority allows recovery of $345,150, the Test Year expense, to avoid double-counting wage inflation already included in the proposal.

d. Services Performed by Affiliates The Company proposes $838,166 in expenses related to services performed by affiliates for the Rate Year, which is the Company's $775,021 Test Year amount plus a $63,145 inflation adjustment. Late Filed E...

AI summary The Company requests $838,166 for affiliate services in the Rate Year, including $245,312 related to rate case efforts. The Authority allows recovery of $529,709. The record is unclear if the rate case expenses relate to the current proceeding or the last rate case in Docket No. 22-08-08, and those expenses are not recoverable.

g. Services Performed by Affiliates The Company proposes that it recover $2,700 in services performed by affiliates, which is the Company's $34,696 Rate Year expense, a ($32,199) pro forma adjustment, plus a $203 generic inflation adjustme...

AI summary The Company seeks to recover $2,700 for services performed by affiliates, but the Authority reduces this amount to $2,497 after considering a pro forma adjustment and an inflation factor, as the Company did not adequately justify the increase in expenses.

UTILITY RATE PROCEEDINGS IN WHICH TESTIMONY HAS BEEN PRESENTED BY JACOB POUS ALASKA CenterPoint Energy Entex – City of Tyler 9364 Capital Investment, Affiliates CenterPoint Energy Entex – Gulf Coast Division 9791 Rate Base, Cost Allocation...

AI summary The document lists various utility rate proceedings involving CenterPoint Energy Entex, Energas Company, and other entities, with details on the matters and topics discussed in each proceeding, including depreciation, cost of service, rate base, and affiliate transactions.

éa est and financing revenues for the affili- pour une année antérieure), ate loss year, or (ii) la convention ou l’arrangement est conclu (B) an amount included under sub- relativement à un emprunt ou un autre finance- clause 95(2)(f.11)(...

AI summary The text discusses provisions related to affiliate losses, foreign accrual property losses, and financing revenues, including considerations for financing costs and arrangements involving loans or financing by the taxpayer or affiliated entities.

(b) would, in the absence of subsection (19), be in- contribuable est un associé à un cluded in moment donné, (B) l’excédent des dépenses (i) if the amount is paid or payable by the affiliate, d’intérêts et de financement de the affiliate’...

AI summary The text discusses the inclusion of certain amounts in the context of affiliate taxation, specifically addressing the conditions under which expenses and revenues are considered for an affiliate taxation year, including scenarios where amounts are paid or received by the affiliate.

(a) the amount included, in respect of the relevant in- « année de la société affiliée bénéficiaire » au présent pa- ter-affiliate interest, in the payer affiliate’s relevant af- ragraphe) : filiate interest and financing expenses for the...

AI summary The text outlines a formula for determining the amount included in the payer affiliate's relevant inter-affiliate interest and financing expenses, using variables A, B, C, and D. The calculation is based on the lesser of two values, one being the relevant inter-affiliate interest and the other derived from a specific formula.

I is the total of all amounts, each of which F représente les revenus d’intérêts et de fi- is an amount of relevant inter-affiliate nancement de la société affiliée perti- interest of the payer affiliate for the pay- nents de la société af...

AI summary The text discusses the calculation of inter-affiliate interest and financing expenses and revenues between payer and recipient affiliates, focusing on how certain amounts are included or excluded based on specific conditions.

société affiliée pertinentes de la société affiliée payeuse; b) le montant inclus, relativement aux intérêts perti- nents entre sociétés affiliées, dans les revenus d’inté- rêts et de financement de la société affiliée pertinents de la soc...

AI summary The text outlines the calculation of interest amounts between affiliated companies, specifying that the amount included in the revenues of the beneficiary affiliated company is the lesser of two amounts: the sum referenced in element E or the sum determined by the formula J×K÷L, where J, K, and L represent specific elements.

loss that were derived by the foreign affili- société étrangère affiliée ou à la société de ate from the payment would, based on the personnes par une entité donnée relative- relevant assumptions in respect of the pay- ment à une dépense d...

AI summary The text discusses the inclusion of losses derived from payments by a foreign affiliate in computing its income or loss from an active business for a taxation year, based on relevant assumptions related to the payment.

Similar transactions Opérations semblables (5) For the purposes of subsection (2), if a specified affil- (5) Pour l’application du paragraphe (2), lorsqu’une enti- iate of a covered entity acquires equity of the covered en- té affiliée dét...

AI summary This section outlines the conditions under which equity acquired by a specified affiliate of a covered entity is deemed to be acquired by the covered entity itself, with exceptions for registered securities dealers and employee benefit trusts.

Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...

AI summary The audit of NS Power's Fuel Adjustment Mechanism (FAM) will examine operational and managerial aspects of fuel and energy procurement, management, and production, including affiliate transactions. The audit will assess adherence to good utility practice and the NS Power Fuel Manual, focusing on fuel costs, contract prudency, hedging practices, and FAM adjustments.

Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...

AI summary The FAM audit aims to examine NS Power's fuel and energy procurement, management, and production practices, ensuring compliance with good utility practices and the NS Power Fuel Manual. The audit will focus on operational and managerial aspects, including any related affiliate transactions.

Issue Operating, Maintenance & General Costs including, Pensions, Executive Compensation, and expenses shared with affiliates

AI summary The issue focuses on operating, maintenance, and general costs, including pensions, executive compensation, and expenses shared with affiliates, which are key considerations in the regulatory proceeding.

1 the period between the 2013-2014 and 2023-2024 GRAs. However, the DOE submissions do not 2 convey an accurate understanding of those policy developments. 3 4 Throughout its submissions, the DOE suggests that in 2018 "when the Federal Gov...

AI summary The reply challenges the DOE's claim that NS Power failed to reassess coal unit lifespans post-2018, arguing the DOE overlooked Equivalency Agreements. These agreements, particularly the 2020 one, rendered federal coal retirement regulations inapplicable in Nova Scotia, negating the 2030 deadline. The DOE's submissions misrepresent NS Power's 2020 Integrated Resource Plan, which referenced a 2040 phase-out aligned with provincial policy.

1 when that comes on, and the cost apportionment of the cost 17 was an interim application for the FAM AA/BA in relation 18 to the 117 million Invest Nova Scotia, and then the 19 500 million FLG; correct? 1 A. (Willett) That's correct, but...

AI summary The discussion revolves around the Fuel Adjustment Mechanism (FAM) and Affiliate Transactions (AA/BA) in relation to Invest Nova Scotia and FLG projects. NSPI has not applied for the full FAM rider yet, and there is a mention of balancing outstanding amounts for specific customer classes. The conversation also touches on the possibility of providing an indicative FAM AA/BA for 2026–2027.

picture so that if things were to be taken out of the 1 Settlement Agreement, it would show a full picture as to 2 how this will impact our customer class. 3 THE CHAIR: I think that would be 4 helpful, Mr. Williams. I'd assume you'd do it...

AI summary The discussion revolves around the impact of the Settlement Agreement on customer classes and the need to provide a detailed breakdown of the AA/BA FAM riders' effect on individual customer class rates. The Chair requests a formal undertaking to articulate the information for the record.

NSP GENERAL/REGULATORY PANEL 869 Questions, (Deveau) 1 expense. Affiliate Code. MEMBER DEVEAU: And Jeff, could you bring up that the letter I sent you, Affiliate Code? BY MEMBER DEVEAU: Q. So that's a letter we received in December 1st of...

AI summary The document discusses a restructuring of the East Coast Clean Energy Function (ECEI) under Nova Scotia Power, moving it from the Chief Clean Energy Officer to the Chief Operating Officer and eliminating the CCEO position. The discussion is part of a regulatory proceeding, referencing community meetings related to reliability and customer expectations.