Topic/Matter Intersection

Topic:"Affiliate Transactions" in M12883

Matter: Nova Scotia Power Inc. - Affiliate Code of Conduct Report for 2025
58 passages 4 documents

Affiliate Transactions across all matters →

N-1Affiliate Code of Conduct 2025 Report - Redacted 54 passages
NS Power Affiliate Code of Conduct 2025 Report REDACTED p. pp. 4-27
NS Power Affiliate Code of Conduct 2025 Report REDACTED 1 1.0 INTRODUCTION 2 3 In December 2019, following an extensive review process, the Nova Scotia Utility and Review 4 Board (as of April 1, 2025 referred to as the Nova Scotia Energy B...

AI summary The 2025 Annual Affiliate Code Report outlines NS Power's compliance with the 2020 Affiliate Code and updated Cost Allocation Manual (CAM). The report highlights transparency in affiliate transactions, regulatory oversight by the Nova Scotia Energy Board (NSEB), and mandatory training programs for employees. Revised CAM documents (M10571, M11107) were approved in 2022 and 2024, respectively.

NS Power Affiliate Code of Conduct 2025 Report REDACTED p. p. 4
NS Power Affiliate Code of Conduct 2025 Report REDACTED 1 contact centre employees who are unlikely to engage with affiliates. In 2025, about 1,900 2 employees completed the online training and passed a comprehension test with a score of a...

AI summary The 2025 NS Power Affiliate Code of Conduct Report details training completion (1,900 employees with 80%+ scores) and transparency in transactions with affiliates like NSPEMI and NSPML. It aligns with the 2020 Affiliate Code and includes Board-requested contextual information, structured in three sections as per the 2024 Report enhancements.

1 2.0 OVERVIEW OF TRANSACTIONS WITH NSPEMI p. pp. 4-6
1 2.0 OVERVIEW OF TRANSACTIONS WITH NSPEMI 2 3 NSPEMI was set up so that NS Power could purchase natural gas and electricity in the U.S. without 4 having to engage a third party (or Emera Energy) to facilitate U.Sbased transactions. Using...

AI summary NSPEMI is a 100% NS Power-owned subsidiary that facilitates U.S.-based transactions for NS Power, eliminating the need for third-party involvement. It does not have employees or retain income, with costs passed through to NS Power. Transactions are subject to a pricing exception approved by the Board in M08911. In 2025, NSPEMI sold natural gas for NS Power and purchased electricity and natural gas for NS Power, with detailed transactions listed in appendices.

1 Figure 2: NSPEMI Purchases for NS Power 2025 vs. 2024 p. pp. 7-8
1 Figure 2: NSPEMI Purchases for NS Power 2025 vs. 2024 2 3 DATE FILED: May 28, 2026 Page 9 of 28

AI summary The document presents a comparison of NSPEMI purchases for NS Power in 2025 versus 2024, as illustrated in Figure 2. The analysis includes visual representations of purchase data, though specific figures are not detailed in the text.

1 3.1 Year-over-year comparison of NS Power charges to NSPML p. pp. 9-10
1 3.1 Year-over-year comparison of NS Power charges to NSPML 2 - 3 NS Power charges to NSPML in 2025, as shown in Figure 4 , were $0.1 million lower than in - 4 2024. This decrease is attributable to a number of factors including a decreas...

AI summary NS Power charges to NSPML decreased by $0.1 million in 2025 compared to 2024, driven by lower Labour and Expenses, Corporate Transactions, and M&A Services, partially offset by increases in Goods and Services and Flow Through transactions.

14 3.2 Year-over-year comparison of NSPML charges to NS Power p. p. 10
14 3.2 Year-over-year comparison of NSPML charges to NS Power - 16 Charges from NSPML to NS Power increased by $509.1 million compared to 2024. This increase - 17 primarily reflects the one-time refund of $485.9 million recorded in 2024 fo...

AI summary Charges from NSPML to NS Power rose by $509.1 million year-over-year, driven by a one-time 2024 refund of $485.9 million linked to FLG2-enabled Maritime Link payments. Excluding FLG2 impacts, charges fell by $3.5 million in 2025 compared to 2024, as shown in Figure 5.

4 Figure 5: NSPML charges to NS Power 2025 vs. 2024, excluding the impact of the FLG2 p. pp. 10-11
4 Figure 5: NSPML charges to NS Power 2025 vs. 2024, excluding the impact of the FLG2 \ Factoring in the impact of FLG2, NSPML charges to NS Power were -$324.2 million in 2024 and $184.9 million in 2025. - 6 Section 4 deals with transactio...

AI summary Figure 5 compares NSPML charges to NS Power in 2025 vs. 2024, excluding FLG2's impact. Notes indicate that including FLG2, charges were -$324.2M in 2024 and $184.9M in 2025. The section references transactions between NS Power and affiliates, excluding NSPEMI and NSPML.

1 4.0 OVERVIEW OF TRANSACTIONS WITH OTHER AFFILIATES p. pp. 11-12
1 4.0 OVERVIEW OF TRANSACTIONS WITH OTHER AFFILIATES 2 - 3 In 2025, NS Power entered into approximately $19.9 million (compared to $21.3 million in 2024 - 4 a decrease of $1.4 million) worth of transactions in which it provided goods or se...

AI summary In 2025, NS Power conducted $19.9 million in transactions providing goods/services to affiliates (a $1.4M decrease from 2024) and received $51.4 million in affiliate transactions (a $1.2M decrease from 2024). Appendix E and Figure 6 provide detailed transaction summaries and categorizations.

15 Figure 6: Comparison of Sales to and Purchases from Affiliates in 2025 p. p. 12
15 Figure 6: Comparison of Sales to and Purchases from Affiliates in 2025 NS Power Provided to Affiliate(s) Provided to NS Category Affiliate(s), $ Power, $ Goods & Services (Contracted Amounts) 571,799 31,632,916 Rentals 1,686,811 1,042,9...

AI summary Figure 6 presents a 2025 comparison of sales to and purchases from affiliates by NS Power, showing total transactions of $19.89 million provided to affiliates and $51.39 million received from affiliates across categories like goods, services, rentals, and corporate transactions.

17 4.1 Year-over-year comparison of NS Power charges to Affiliates p. p. 12
17 4.1 Year-over-year comparison of NS Power charges to Affiliates - 19 NS Power charges to affiliates in 2025, as shown in Figure 7 , were $1.4 million lower than in - 20 2024. This decrease is attributable to a number of factors includin...

AI summary NS Power's charges to affiliates in 2025 decreased by $1.4 million compared to 2024, primarily due to lower Labour and Expenses ($3.5M) and M&A Services ($2.1M). This year-over-year comparison highlights cost reductions in specific operational categories.

6 Figure 7: NS Power Charges to Affiliates 2025 vs. 2024 p. pp. 12-13
6 Figure 7: NS Power Charges to Affiliates 2025 vs. 2024 7

AI summary Figure 7 compares NS Power's affiliate charges for 2025 and 2024, illustrating changes in costs and potential regulatory implications. The analysis focuses on financial flows between NS Power and its affiliates, relevant to regulatory oversight and cost allocation practices.

9 4.2 Year-over-year comparison of Affiliate charges to NS Power p. p. 13
9 4.2 Year-over-year comparison of Affiliate charges to NS Power 10 11 Figure 8 details affiliate charges to NS Power in 2025 compared to 2024. The $1.2 million 12 decrease in 2025 over 2024 was mainly attributable to a decrease in Flow Th...

AI summary The 2025 affiliate charges to NS Power decreased by $1.2 million compared to 2024, driven by lower Flow Through Charges ($4.7M) and Corporation Transactions ($1M), partially offset by higher Goods and Services ($3M), M&A Services ($1.4M), and Labour and Expenses ($0.3M).

1 Figure 8: Affiliate Charges to NS Power 2025 vs. 2024 p. pp. 13-14
1 Figure 8: Affiliate Charges to NS Power 2025 vs. 2024 2 3

AI summary Figure 8 compares affiliate charges to NS Power in 2025 and 2024, highlighting changes in financial obligations between the two years. It is part of a regulatory proceeding related to Nova Scotia Power Inc.'s operations.

4 4.3 Top spending categories – NS Power charges to Affiliates p. p. 14
4 4.3 Top spending categories – NS Power charges to Affiliates 5 6 The largest transaction category of NS Power charges to affiliates in 2025 was M&A Services at 7 $10.5 million, of which $9.2 million is for IT services charged to affiliat...

AI summary In 2025, NS Power's top affiliate charges included $10.5M in M&A Services (IT), $4.3M in Flow Through charges (insurance to Emera), $2.0M in Corporate Transactions (employee compensation), and $1.7M in Rentals (real estate leases). These categories accounted for 53%, 22%, 10%, and 9% of total affiliate charges, respectively.

1 Figure 9: Breakdown of NS Power Charges to Affiliates in 2025 p. pp. 15-16
1 Figure 9: Breakdown of NS Power Charges to Affiliates in 2025 2 3 4 As Figure 9 illustrates, five affiliates received 97 percent of all charges from NS Power. A 5 summary of the charges to these five affiliates is as follows: 6 7 1. Emer...

AI summary Figure 9 shows NS Power's 2025 charges to affiliates, with Emera receiving $14.7 million across M&A services, Flow Through charges, corporate transactions, and rentals. Five affiliates accounted for 97% of total charges, highlighting significant intercompany financial flows.

NS Power Affiliate Code of Conduct 2025 Report REDACTED p. pp. 16-18
NS Power Affiliate Code of Conduct 2025 Report REDACTED

AI summary The redacted NS Power Affiliate Code of Conduct 2025 Report outlines compliance requirements and regulatory oversight for NS Power affiliates. It addresses governance frameworks, transaction transparency, and alignment with Nova Scotia Energy Board (NSEB) directives under the Code of Conduct.

1 4.6 Affiliate charges – Affiliate breakdown p. p. 18
1 4.6 Affiliate charges – Affiliate breakdown 2 In 2025, NS Power received charges from eight[6](#page-18-2) 3 affiliates amounting to $51.4 million across a 4 variety of transaction categories as shown in Figure 10 . 5

AI summary In 2025, NS Power received $51.4 million in charges from eight affiliates across various transaction categories, as detailed in the Affiliate breakdown section and referenced in Figure 10.

6 Figure 10: Breakdown of Affiliate Charges to NS Power in 2025 p. p. 18
6 Figure 10: Breakdown of Affiliate Charges to NS Power in 2025 7 8 9 As Figure 10 illustrates, three affiliates accounted for virtually all charges to NS Power. A 10 summary of the charges from these affiliates is as follows: 11 12 1. Eme...

AI summary Figure 10 shows three affiliates charged NS Power $19.3M, with Emera's M&A and Flow Through charges. Additional charges from NSPEMI and NSPML are noted.

Preamble p. pp. 27-219
- 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.

Nova Scotia Power Incorporated Entity List p. p. 27
Nova Scotia Power Incorporated Entity List Entity Entity Percentage Owned by Emera or Registered Address Nature of Business Number Other Affiliate 84 Emera (Caribbean) 100% owned by Emera Garrison Hill Holding company Incorporated (Barbado...

AI summary The document lists Nova Scotia Power Inc.'s affiliated entities, including Emera (Caribbean) Holdings No. 2 Inc. (100% owned by Emera) and The Barbados Light & Power Company Limited (utility operator in Barbados). It details ownership structures, registered addresses, and officer roles for these entities, with some entries marked as placeholders.

2025 Affiliate Code of Conduct Report Appendix A Page 24 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 27
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) p. p. 27
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.

2025 Affiliate Code of Conduct Report Appendix A Page 46 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 27
2025 Affiliate Code of Conduct Report Appendix A Page 46 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Entity Entity Percentage Owned by Emera or Registered Address Nature of Business Number Other Affiliate 211 Emera Energy Limited 99....

AI summary The document presents a list of entities affiliated with Emera, detailing their ownership, registered addresses, and nature of business. These entities include Emera Energy Limited, Emera Energy Capacity (2016) Inc., and The Barbados Light & Power (2015) Self Insurance Fund [Trust].

2025 Affiliate Code of Conduct Report Appendix A Page 54 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 27
2025 Affiliate Code of Conduct Report Appendix A Page 54 of 69 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Entity Entity Percentage Owned by Emera or Registered Address Nature of Business Number Other Affiliate 238 Block Energy Holding LLC...

AI summary This document presents information about two affiliated entities, Block Energy Holding LLC and Block Energy IP Holdings, Inc., both 100% owned by Emera or its affiliates. It lists their registered addresses, ownership structure, and the nature of their business, including holding intellectual property related to the Blockenergy product.

Appendix C 2025 Utility Performance Report p. p. 100
Appendix C 2025 Utility Performance Report Category Measure 2025 2024 2023 Notes Period Company InterCo ID Tag Exception Line Description Amount Purchase/Sale Exception Explanation M&A Services is a Pricing Exception. The allocator is dete...

AI summary Appendix C of the 2025 Utility Performance Report details various transactions and exceptions related to M&A services and power purchase agreements, including sales and purchases with Brooklyn Power Corp. and references to the Cost Allocation Manual (CAM) for allocation procedures.

(Y/N) Reference p. p. 100
(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) p. p. 126
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 FAC for corporate adjustments and intercompany transfers related to employees is Mar-25...

AI summary The document outlines various transactions and pricing exceptions related to Nova Scotia Power Energy Marketing Inc. (NSPEMI) and Nova Scotia Power Maritime Link (NSPML), including corporate adjustments, intercompany transfers, and chargebacks, with references to the Fair and Appropriate Cost (FAC) and specific appendices for details.

2025 Affiliate Code of Conduct Report Appendix D(07) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 126
2025 Affiliate Code of Conduct Report Appendix D(07) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Goods / Service Provider Goods / Service Receiver Cdn Dollars Short Description Pricing Mechanism Description of Price Support NS...

AI summary The document outlines reimbursement payments made by NS Power to affiliated companies for employee incentive plans and compensation, including amounts related to Short Term Incentive Plans and Performance and Restricted Share Units. These reimbursements are based on fully allocated costs and are supported by information from Human Resources.

Section 547 p. p. 126
NS Power Affiliate Code of Conduct MANAGEMENT AND ADMINISTRATIVE (M&A) SERVICES 2025

AI summary The document outlines the NS Power Affiliate Code of Conduct under Management and Administrative (M&A) Services for the year 2025.

2025 Affiliate Code of Conduct Report Appendix D(09b) Page 1 of 1 p. p. 126
2025 Affiliate Code of Conduct Report Appendix D(09b) Page 1 of 1 2025 A accounts I Payable S tatistical Al llocator: Nun iber of Tra nsactions Total NS Power 5,632 6,693 5,826 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 71,611 R...

AI summary The document presents a summary of affiliate transactions for 2025, including the total number of transactions and amounts payable between NS Power and its affiliates such as NSP Maritime Link Inc., Emera Inc., and Brooklyn Power Corp. It provides a detailed breakdown of transactions across different categories.

2025 Affiliate Code of Conduct Report Appendix D(10) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 126
2025 Affiliate Code of Conduct Report Appendix D(10) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) APPENDIX D(10) - M&A Services charged to NS Power Goods / Service Provider Goods / Service Receiver Cdn Dollars Short Description...

AI summary The document outlines the 2025 Affiliate Code of Conduct Report Appendix D(10), detailing charges for M&A services provided by Emera Inc. to NS Power, including specific line items such as audit services, corporate insurance, and cost recovery for Allegro and Allegro Capital.

2025 Affiliate Code of Conduct Report Appendix D(10b) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 126
2025 Affiliate Code of Conduct Report Appendix D(10b) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED)

AI summary This redacted appendix from the 2025 Affiliate Code of Conduct Report relates to regulatory proceedings involving Nova Scotia Energy Board (NSEB) and Nova Scotia Power Inc. (NSP), focusing on compliance and governance frameworks under the Nova Scotia Energy Act.

2025 Affiliate Code of Conduct Report Appendix D(11) Page 1 of 1 p. p. 126
2025 Affiliate Code of Conduct Report Appendix D(11) Page 1 of 1 Ch ider Flo w T hro ugh es P arg rov Ch ecei Flo w T hro ugh es R arg ver Sho ipti rt D escr on ipti Lon g D escr on Cdn Do llar s NS Pow er Bro okly n P r Co rati owe rpo on...

AI summary The document presents a table outlining financial transactions between Nova Scotia Power and various affiliates, including Brooklyn Power Corp and Energy Era, with descriptions of services and associated costs ranging from $45 to $4,278,884.

Nova Scotia Power Inc. CODE of CONDUCT governing Affiliate Transactions (Code) Guidelines p. p. 126
Nova Scotia Power Inc. CODE of CONDUCT governing Affiliate Transactions (Code) Guidelines Code effective as of January 01, 2020 UPDATED JANUARY 2026 IMPORTANT - These guidelines are intended to provide additional insight and interpretation...

AI summary Nova Scotia Power Inc.'s Code of Conduct Guidelines, effective January 1, 2020, with a 2026 update, provide interpretive guidance for the ACOC. They emphasize consulting managers for clarification on affiliate transaction rules.

Code Sections p. p. 126
2025 Affiliate Code of Conduct Report Appendix H Page 2 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance 1.1 Purpose The purpose of the Code is to ensure that: (a) NS Power only enters into Affilia...

AI summary This section outlines the purpose of the Code of Conduct for Affiliate Transactions, emphasizing that NS Power must ensure all such transactions are in the best interest of its customers through sound analysis and proper documentation as per sections 6.2 and 7.1 of the Code.

Code Sections NS Power Employee Guidance FAC should include all of the costs incurred that can be specifically attributed to producing goods, rendering services, providing labor or operating and maintaining assets, including, but not limited to, salaries, benefits, overhead costs, administrative and general costs, reimbursements, depreciation, and taxes. FAC incurred specifically for the benefit of NS Power or an Affiliate should be charged directly to NS Power or the Affiliate ("Direct Charge"). FAC incurred for the benefit of two or more Affiliates should be allocated to the recipients of the goods, services, labour or assets using an allocator that best reflects the causal link between the goods produced, services rendered, labour provided, or assets used and the costs incurred. p. p. 126
Code Sections NS Power Employee Guidance FAC should include all of the costs incurred that can be specifically attributed to producing goods, rendering services, providing labor or operating and maintaining assets, including, but not limit...

AI summary The document outlines guidelines for Fully Allocated Costs (FAC) in NS Power operations, specifying that FAC must include all attributable costs like salaries, overhead, and depreciation. Direct charges apply to single Affiliates, while multi-Affiliate costs require allocation based on causal links. FAC calculations must be detailed in annual budgets, the CAM, and Affiliate Code of Conduct Reports, with true-ups using actual FAC if budget estimates were used for monthly charges.

2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 126
2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance Where budgets or estimates of personnel costs have been used to determine the initial prici...

AI summary This section outlines requirements for budgeting and true-up processes related to personnel costs and M&A services between NS Power and its affiliates. Annual budgets must be agreed upon by both service providers and recipients, and actual costs will be used for periodic true-ups.

Documentation Requirements When NS Power Provides Goods/Services p. p. 126
Documentation Requirements When NS Power Provides Goods/Services Complete this form if - NS Power is entering a new Affiliate Transaction or changing an existing Affiliate Transaction that is valued at $100,000 or more. Who completes the f...

AI summary NS Power must complete a form for new or modified Affiliate Transactions valued at $100,000 or more. The form is to be completed by the manager responsible for the transaction's costs prior to finalizing the decision. Regulatory Affairs is the contact for questions.

Description of the Affiliate Transaction p. p. 126
Description of the Affiliate Transaction (be as specific as possible. Include all terms and conditions. If there is a formal agreement, attach it to this form)

AI summary The document outlines a form requesting a detailed description of an affiliate transaction, including terms and conditions, and specifies that formal agreements should be attached if applicable. It emphasizes specificity in documenting the transaction's structure and legal requirements.

Description of why the Affiliate Transaction was the best available option for NS Power's customers at the time p. p. 126
Description of why the Affiliate Transaction was the best available option for NS Power's customers at the time (Explain, in detail, why this Affiliate Transaction was the best option for NS Power. Reference Code section 6.2.1(a) and descr...

AI summary The document requests an explanation of why the Affiliate Transaction was the best option for NS Power's customers, referencing Code section 6.2.1(a). It prompts a detailed analysis of how the transaction met regulatory requirements but does not provide specific arguments or evidence.

2025 Affiliate Code of Conduct Report Appendix H Page 35 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 126
2025 Affiliate Code of Conduct Report Appendix H Page 35 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED)

AI summary The document is a redacted appendix from the 2025 Affiliate Code of Conduct Report, part of a Nova Scotia regulatory proceeding. Confidential information has been removed, and the content is not available for review.

Documentation Requirements When NS Power Receives Goods/Services p. p. 126
Documentation Requirements When NS Power Receives Goods/Services Complete this form if - NS Power is entering a new Affiliate Transaction or changing an existing Affiliate Transaction that is valued at $100,000 or more. Who completes the f...

AI summary NS Power must complete a form for new or modified Affiliate Transactions valued at $100,000 or more. The form should be completed by the manager responsible for associated costs prior to finalizing the transaction. Regulatory Affairs ([email protected]) is the contact for questions.

Name of the Affiliate. If applicable name the third-party supplier with which NS Power is working jointly p. p. 126
Name of the Affiliate. If applicable name the third-party supplier with which NS Power is working jointly

AI summary The document section requests the identification of an affiliate or third-party supplier with which NS Power is collaborating.

Description of the Affiliate Transaction p. p. 126
Description of the Affiliate Transaction (be as specific as possible. Include all terms and conditions. If there is a formal agreement, attach it to this form)

AI summary The document outlines a form requesting a detailed description of an affiliate transaction, including terms and conditions, and specifies that formal agreements should be attached if applicable. It emphasizes specificity in documenting the transaction's structure and legal requirements.

Affiliate's FACs plus, if applicable, the price charged by a third-party supplier with which the Affiliate is working jointly p. p. 126
Affiliate's FACs plus, if applicable, the price charged by a third-party supplier with which the Affiliate is working jointly (The Affiliates FAC is only required when FMV could not be established by any means)

AI summary The Affiliate must use Fully Allocated Costs (FACs) when Fair Market Value (FMV) cannot be determined, with an exception for third-party supplier pricing in joint arrangements. This applies to cost allocation scenarios where FMV is not establishable.

Description of why the Affiliate Transaction was the best available option for NS Power's customers at the time p. p. 126
Description of why the Affiliate Transaction was the best available option for NS Power's customers at the time (Explain, in detail, why this Affiliate Transaction was the best option for NS Power. Reference Code section 6.2.1(b) and descr...

AI summary The Affiliate Transaction was deemed the best option for NS Power's customers as it satisfied Code section 6.2.1(b) requirements, ensuring cost-effectiveness, customer benefits, and regulatory compliance. The analysis emphasizes alignment with customer interests and adherence to legal frameworks.

Agreements with Affiliates p. p. 126
Agreements with Affiliates Counterparty Type of Agreement Effective Date 3267654 NS Ltd Net Metering Contract 2018-07-11 3267654 NS Ltd Office Space Lease 2019-05-14 3267654 NS Ltd Amendment to Office Space Lease 2022-12-31 3267654 NS Ltd...

AI summary The document outlines various agreements with affiliates, including net metering contracts, office space leases, shared services agreements for management and administrative services, power purchase contracts, and IT service level agreements. These agreements span multiple years and involve entities such as 3267654 NS Ltd, Brooklyn Power Corp., and Emera Brunswick Pipeline.

Brooklyn Power Corporation Charges to NS Power p. p. 219
Brooklyn Power Corporation Charges to NS Power NS Power's contract with Brooklyn Energy stipulates the rates for energy payments and decremental energy payments and does not conform to the requirements in Code s. 6.2. Fuel and power-relate...

AI summary NS Power's 1993 contract with Brooklyn Energy does not comply with Code s. 6.2, as it predates the Affiliate Code of Conduct. Fuel and power affiliate transactions are audited biennially via FAM audits, with pricing concerns addressed in this forum. NS Power has reported this as an exception in the Affiliate Code of Conduct Report since 2015.

Affiliate Code Sections 6.2, 6.3.5 and 7.1.2 p. p. 219
Affiliate Code Sections 6.2, 6.3.5 and 7.1.2

AI summary The document references sections 6.2, 6.3.5, and 7.1.2 of the Affiliate Code, likely discussing regulatory guidelines for affiliate transactions and cost allocation under Nova Scotia's utility oversight framework.

Brooklyn Power Corporation Charges to NS Power Under the Renewable Electricity Regulations p. p. 219
Brooklyn Power Corporation Charges to NS Power Under the Renewable Electricity Regulations In 2023, NS Power applied to the NSUARB for approval of an exemption from the requirements of the 2020 Affiliate Code of Conduct to permit dispatcha...

AI summary In 2023, NS Power sought and received approval from the NSUARB to exempt itself from the 2020 Affiliate Code of Conduct, enabling purchases of dispatchable renewable electricity from Brooklyn Power under revised Renewable Electricity Regulations effective December 2022. The exemption, granted via decision M11203, relieved NS Power of obligations under Sections 6.2 and 7.1.2 of the Affiliate Code.

Affiliate Code Section 3.2 Affiliate Exemptions p. p. 220
Affiliate Code Section 3.2 Affiliate Exemptions

AI summary The document section outlines Affiliate Code Section 3.2, focusing on exemptions for affiliates within the Nova Scotia regulatory framework. It likely addresses rules or exceptions related to affiliate transactions and compliance under the Nova Scotia Utility and Review Board (NSEB).

Affiliate Exemptions on Labour Transactions Between NS Power and NSP Maritime Link Incorporated (NSPML) p. p. 220
Affiliate Exemptions on Labour Transactions Between NS Power and NSP Maritime Link Incorporated (NSPML) The Affiliate Code provides an exemption to the pricing provisions on transactions between NS Power and NSPML. However, NS Power charge...

AI summary The Affiliate Code allows NS Power to exempt transactions with NSPML from pricing provisions, but NS Power applies overhead and non-productive adders to avoid stranded costs and financial distortion. This practice aligns with the Cost Allocation Manual (CAM).

Non-Productive Rate Not Required for Employees Completing Long-Term Work Assignments p. pp. 220-222
Non-Productive Rate Not Required for Employees Completing Long-Term Work Assignments The Non-Productive rate, as specified in the CAM, is intended "to recover employees' paid absences when they are unavailable to work and includes vacation...

AI summary The Non-Productive rate in the CAM is not applied to employees on long-term assignments with NS Power or Affiliates, as their paid absences are already included in payroll reports, avoiding double charging. This practice is compliant with the CAM.

President and CEO's Acknowledgement – Affiliate Code of Conduct p. p. 222
President and CEO's Acknowledgement – Affiliate Code of Conduct In accordance with section 8.1 of the Nova Scotia Power Inc. 2020 Code of Conduct governing Affiliate Transactions (Affiliate Code of Conduct), I certify, to the best of my kn...

AI summary The President and CEO of Nova Scotia Power Inc. (NSP) certifies compliance with the 2020 Affiliate Code of Conduct for 2025, confirming employees engaged in affiliate transactions understood compliance obligations and that directors/officers of NSP and Emera Inc. completed required training and confidentiality undertakings.

102187Letter NSPI re: Report and Confidential Undertaking 1 passage
Section 3 p. p. 0
The Company also files quarterly updates to its listing of affiliates and minority holdings. The list of NS Power's affiliates and minority interests as of March 31, 2026, including a redline showing changes since December 31, 2025, is pro...

AI summary The document outlines the submission of NS Power's updated list of affiliates and minority holdings as of March 31, 2026, which is included as Appendix A to the 2026 Affiliate Code Report and will also serve as the Q1 2026 Entity List. The filing follows past practice and is signed by Kathleen Murray, Regulatory Counsel.

103296SBA (NSPI) IR-1 to IR-2 2 passages
Section 2
Refer to M12883, Exhibit N-1, NS Power 2025 Affiliate Code of Conduct Report, dated May 28, 2026, (the "2025 ACofC Report"), Appendix G, All Employees Transfers to/from NSP from Jan 1, 2025 to Dec 31, 2025, page 1 of 1, that includes the t...

AI summary The document references a transfer of two employees between NSP and Emera Inc. as detailed in the 2025 Affiliate Code of Conduct Report, specifically in Appendix G, which outlines employee transfers from January 1, 2025, to December 31, 2025.

REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2025 Affiliate Code of Conduct Report Appendix G Page 1 of 1
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2025 Affiliate Code of Conduct Report Appendix G Page 1 of 1 All employee transfers to/from NSP from Jan 1, 2025 to Dec 31, 2025 Transfer Date Previous Affiliate Previous Position Current Affilia...

AI summary The document provides a summary of employee transfers between NSP and EMA during 2025, including positions, transfer dates, and years of service. A notable transfer is the movement of a director from NSP to EMA and vice versa, highlighting ongoing collaboration between the two organizations.

103297IG (NSPI) IR-1 to IR-3 1 passage
NOVA SCOTIA ENERGY BOARD
NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The Public Utilities Act IN THE MATTER OF: Nova Scotia Power Incorporated's 2025 Annual Affiliate Code of Conduct Report INFORMATION REQUESTS To: Nova Scotia Power Incorporated ("NSPI") From: The...

AI summary The Nova Scotia Energy Board has issued an information request to Nova Scotia Power Incorporated regarding specific affiliate transaction reconciliations and non-regulated charges in its 2025 Annual Affiliate Code of Conduct Report. The request includes details on a reconciliation block with significant financial figures.

Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →