Topic:"Affordability" in M12451

\ \ EXTERNAL EMAIL / COURRIEL EXTERNE \ \ Exercise caution when opening attachments or clicking on links / Faites preuve de prudence si vous ouvrez une pièce jointe ou cliquez sur un lien On Thu, Sep 4, 2025 at 6:17 PM Sandra LeBlanc wrote...

AI summary Sandra LeBlanc opposes Nova Scotia Power's proposed rate increase, citing unaffordability for low-income individuals and its impact on families fleeing abusive households. She argues the hike will deter vulnerable populations from seeking safety and comfort due to financial constraints.

\ \ EXTERNAL EMAIL / COURRIEL EXTERNE \ \ Exercise caution when opening attachments or clicking on links / Faites preuve de prudence si vous ouvrez une pièce jointe ou cliquez sur un lien To Whom It May Concern, I am writing to formally ex...

AI summary The email opposes Nova Scotia Power's proposed rate increases, citing affordability concerns, lack of infrastructure improvements, and opposition to electric vehicle subsidies. It argues that rate hikes risk deepening energy poverty and demands evidence of responsible management and sustainable energy progress. The matter number M12451 is referenced.

\ \ EXTERNAL EMAIL / COURRIEL EXTERNE \ \ Exercise caution when opening attachments or clicking on links / Faites preuve de prudence si vous ouvrez une pièce jointe ou cliquez sur un lien Dear board members, I understand NS power is applyi...

AI summary The email opposes Nova Scotia Power's (NSP) recent 8.2% rate hike over two years, citing prior hikes for infrastructure and loan repayment. It highlights the financial burden on residents, who cannot afford electricity cuts due to housing and food costs. The writer criticizes NSP's CEO, Peter Gregg, for a 2023 compensation of $1.73 million, much of which came from ratepayer funds.

\ \ EXTERNAL EMAIL / COURRIEL EXTERNE \ \ Exercise caution when opening attachments or clicking on links / Faites preuve de prudence si vous ouvrez une pièce jointe ou cliquez sur un lien Nova Scotia Energy Board Crystal Henwood, Clerk of...

AI summary Christine Cameron reports that Nova Scotia Power (NSP) no longer proactively cuts trees near power lines unless they touch the lines, raising safety concerns for rural residents. She criticizes NSP's shift from preventive to reactive maintenance and links this to proposed rate increases, urging regulatory bodies to address the service decline.

Socio-Economic Vulnerability - Median household incomes in Mi'kmaq communities remain significantly below the provincial average, increasing the percentage of income required to meet basic energy needs. - Energy poverty prevalence is highe...

AI summary Mi'kmaq communities in Nova Scotia face higher energy poverty due to lower median incomes and higher per-unit energy consumption. Systemic historical inequities exacerbate their vulnerability to electricity rate increases, requiring a larger share of income for basic energy needs.

Demographic Vulnerability - Communities include higher proportions of elders, youth, and low-income households, all of whom are more sensitive to rising energy costs. - Affordable, reliable electricity is foundational for: - o Exercising g...

AI summary Communities with higher proportions of elders, youth, and low-income households face greater vulnerability to rising energy costs. Affordable electricity is essential for governance, cultural preservation, health, and well-being. Reconciliation obligations require the Crown and its agencies to address systemic inequities and prevent disproportionate impacts on vulnerable populations.

Regulatory Justification for a Mi'kmaq Rate Class The Nova Scotia Energy Board has the authority to approve differentiated rate classes where materially different circumstances exist among customer groups. - Mi'kmaq communities meet all te...

AI summary The Nova Scotia Energy Board is urged to create a Mi'kmaq Rate Class due to unique socio-economic, geographic, and historical circumstances of Mi'kmaq communities. This rate class would address energy poverty, enhance equity in DSM programs, and align with reconciliation principles. The proposal is supported by public interest benefits, including reduced arrears and community resilience, under Matter M12451.

Overview of 2026-2027 GRA - NS Power submits this GRA to the Board to request approval of revenue requirements for the - utility and request adjustments to electricity rates for 2026 and 2027, effective January 1, 2026 - and 2027. - The NS...

AI summary NS Power seeks approval for 2026-2027 rate increases (1.8% and 2.4%) to fund system reliability, resilience, and decarbonization goals. Residential rates would rise 3.8% and 4.1%, while industrial rates decrease. The proposal emphasizes cost-effectiveness, citing benchmarking showing NS Power's costs align with industry norms. The application aims to balance reliability, affordability, and customer needs amid rising costs.

Working with Government on Solutions for Nova Scotia - NS Power has been working collaboratively with the Provincial and Federal Governments to find - ways to reduce costs and alleviate rate pressure on customers. These efforts to create s...

AI summary NS Power collaborates with provincial and federal governments to reduce costs and rate pressure for customers. Key initiatives include a $117 million receivable from Invest Nova Scotia, a $500 million federal loan guarantee, sulphur emission regulation adjustments saving $160 million, and a securitization approach under the Public Utilities Act potentially saving $90 million.

Roadmap of the Application - This application is organized into several key components, each critical to determining the - proposed rate adjustments: - 1. Status of Prior GRA-Related Directives: An update on the various directives from the...

AI summary The application outlines components for determining rate adjustments, including prior GRA directives, load forecasts, fuel costs, operating expenses, depreciation, rate base, capital structure, revenue requirements, cost-of-service studies, rate design, proposed rates, and regulatory changes. NS Power collaborates with customer advocates to balance affordability, reliability, and clean energy goals.

Overview - NS Power is a capital-intensive business with an obligation to serve its customers. The Company - requires a significant amount of capital to invest in generating plants, transmission and distribution - equipment and supporting...

AI summary NS Power, a capital-intensive utility, requires significant investment in infrastructure and faces financing costs from debt and equity. The company seeks to balance customer affordability with financial health, proposing a 9.0% ROE and 40% equity ratio, despite Concentric Energy Advisors' recommendation of 9.9% ROE and 45% equity. The discussion includes infrastructure investments, capital structure, and cost-of-capital considerations.

Figure 10-1 – S&P Global North American Regulated Utilities Ratings Distribution[20](#page-67-1) Credit ratings are determined based on an assessment of both business risk and financial risk. The key metric considered from a financial risk...

AI summary NS Power must maintain cash flow to debt above 10% to preserve its credit ratings. The company forecasts that with rate relief and thermal asset securitization, metrics will reach BBB+ (S&P) and A (low) (DBRS) by 2027. Without these measures, metrics would fall below 10%, risking credit downgrades and higher borrowing costs.

Regulation 7.1 Schedule of Charges Page 3 of 3 (m) All pole attachments for telecommunication common carriers, or broadcasters, exclusive of those under joint use agreements. $22.4423.81 per pole in 20236 and $22.8924.29 in 20247. per pole...

AI summary The document outlines pole attachment charges for telecommunication and broadcasting entities, excluding those under joint use agreements, and specifies non-standard meter reading charges under Regulation 5.1 for different customer categories in 2026 and 2027.

Status Summary of 2023-2024 GRA Directives Directive Status g. Exclude all Part VI.1 tax transactions and amounts Complete from regulated statements in the future, and adjust for any amounts currently included in the regulated financial st...

AI summary The 2023-2024 GRA Directives include actions such as excluding Part VI.1 tax transactions from regulated statements, maintaining the Annapolis Tidal Generation facility in property, plant, and equipment, and engaging in a review process with the Affordable Energy Coalition and Consumer Advocate to evaluate impacts on low-income working groups. Reports and analyses are required for various directives, including exploring alternative treatments of interruptible loads and demonstrating proper representation of reserve utilization in calculations.

2. Step 2: Identify Critical Assets and Operations This section discusses how NS Power classifies its Generation and Transmission & Distribution assets in the context of importance to overall objectives. NS Power's assets and operations ge...

AI summary NS Power generates 10,000 GWh annually, meeting 95% of Nova Scotia's electricity needs via 5,000 km transmission and 28,000 km distribution infrastructure. The utility emphasizes classifying assets based on their role in delivering safe, reliable, and affordable electricity to over 500,000 customers.

Pension expense figures were provided by NS Power's actuary, Telus Health (formerly Lifeworks), and are based on an extrapolation of accounting valuation results as of the measurement date of December 31, 2024. The pension recovery amounts...

AI summary The pension expense figures for NS Power are based on extrapolated accounting valuations as of December 31, 2024, using discount rates of 4.63% for past service and 4.70% for future service, as prescribed by the Canadian Institute of Actuaries. The return on plan assets is assumed to be 6.00% for the Employees' Pension Plan and 3.25% for the Acquired Companies Pension Plan.

pt/Info.Software 194 187 177 180 (17) (10) 536100 Rental/Mtnce equipment/software - - - - - - 532850 Appl. Software - - - - - - - - - - - - 532900 Comp.Hrdwr & Op.Sftwr 532950 Directors' Fees & Exp - - - - - - 533100 Ext. Legal & Audit 42...

AI summary The text presents financial data related to various categories such as rental/maintenance equipment, software, legal and audit expenses, shareholder meetings, advertising, meals and entertainment, employee benefits, insurance, energy use, rent, cost recovery, training, personal equipment, severance costs, commissions, write-offs, recoveries, other goods and services, and relocation expenses, with figures for 2024 and forecasts for 2026 and 2027.

.12 55.5 42,664 28,258 0.6623 0.3377 4.19 56.5 10,403 10,403 1.0000 1.41 57.5 _ VII-56 Nova Scotia Power Inc. December 31, 2023 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026-2027 GRA Direct Evidence Appendix 8A Page 117 of 297 ORIGINAL...

AI summary The text presents data related to Nova Scotia Power Inc.'s Account 369.00 Services, including original and survivor curves, life tables, and placement and experience bands spanning multiple years. This information is part of a regulatory proceeding and includes confidential data that has been redacted.

AGE AT EXPOSURES AT RETIREMENTS PCT SURV BEGIN OF BEGINNING OF DURING AGE RETMT SURV BEGIN OF INTERVAL AGE INTERVAL INTERVAL RATIO RATIO INTERVAL 0.0 204,936,050 37,737 0.0002 0.9998 100.00 0.5 202,535,390 100,933 0.0005 0.9995 99.98 1.5 1...

AI summary The text presents a table detailing exposure and retirement data across various age intervals, including metrics like percentage survival and retirement ratios. It outlines the number of exposures, retirements, and survival rates at different stages.

2026-2027 GRA Direct Evidence Appendix 8D Page 8 of 189 NSPI Power Production Sites Remediation Study Update August 26, 2024 Table 1 AACE Estimate Classifications Level of Project Estimating Level of Accuracy Estimate Class End Usage Defin...

AI summary This document provides an update on the NSPI Power Production Sites Remediation Study and includes a table outlining AACE Estimate Classifications, detailing levels of project estimation, methodologies, and accuracy ranges.

2026-2027 GRA Direct Evidence Appendix 8D Page 9 of 189 NSPI Power Production Sites Remediation Study Update August 26, 2024 2.5 Variation in Cost Estimates 2.5.1 Asbestos Abatement The feedback received from site operations at Trenton was...

AI summary The document discusses variations in cost estimates for the NSPI Power Production Sites Remediation Study, highlighting increased asbestos abatement costs at the Trenton site, challenges with salvage and material scrap value estimates, and the absence of detailed air monitoring data.

·- . i:n � CIIJAl.lt'IAI -, .. _ :1.1\TION COST STUDY ?n?.t SITE -,;::,,- - :�lnNINI':: ;::_:::;.T;,_:.,TE WO- TUFTS COVE LM6000 Units (2) Plus WHR Boiler and LOCATION: Steam Turbine Generator DATE: Julv 2024 Account Estimated Cost: Item D...

AI summary The text presents a cost study for a project at Tufts Cove, including details about future land use and its impact on environmental risk assessments. It outlines assumptions related to industrial land use and groundwater usage, and notes potential changes that could affect the validity of the study.

125 Phase 5 - Implementation of Decommissioninq and Clean-up Plans: Preparation of Specifications & Tender Documents Contractor Selection 7 925 No significant change since 2020; therefore, apply inflation factor. Worker Safety and Health M...

AI summary The document outlines the costs and considerations for Phase 5 of a decommissioning and clean-up plan, including worker safety, containment facilities, wastewater handling, and excavation of contaminated soils. Inflation factors are applied due to no significant changes since 2020.

long-term monitoring reporting. Assume groundwater monitoring will be conducted for 5 years. Used same methodoloav as 2020 but 1Nith uodated 2024 unit rates. Liability 61,500 Cost associated with assessing impacts/concems in the adjacent w...

AI summary The text discusses long-term groundwater monitoring, liability estimates for assessing impacts on adjacent properties, and future land use controls. It includes assumptions about monitoring duration, inflation factors, and maintenance costs for fencing. The liability estimate is based on communication costs related to long-term monitoring results.

eporting. Assume groundwater monitoring WII be conducted for 5 years. Used same methodoloav as 2020 but with uodated 2024 unit rates. Liability 50,000 61,500 Cost associated Wth assessing impacts/concerns in the adjacent water bodies or pr...

AI summary The text discusses groundwater monitoring over 5 years, liability estimates for assessing impacts on adjacent water bodies and properties, and future land use controls under NSPI ownership. It includes assumptions about inflation, remediation, and fence maintenance costs.

5. Risk Analysis Conclusions - 4 Based on the results of the financial and business risk analyses discussed throughout this report, 5 Concentric concludes that: - NSPI's generation ownership distinguishes the Company from other investor-ow...

AI summary Concentric concludes that NSPI's business risk remains elevated due to environmental compliance requirements and regulatory challenges. The company faces higher risks compared to other Canadian and U.S. utilities, including failure to achieve authorized ROE and regulatory lag from the FAM audit process.

Non-standard Meter Service (AMI) Opt-out Fee 2026-2027 GRA Direct Evidence Appendix 13A Page 8 of 14 Customer-submitted meter reads are used only on an exception basis when NS Power is unable to obtain an on-site reading. Regulation 5.1 re...

AI summary The document discusses the risks associated with customer-submitted meter reads under the proposed opt-out fee for non-standard meter service (AMI) from 2026-2027. It highlights concerns about inaccuracies and intentional misreporting, especially when combined with bill estimations. The document argues that customer-submitted reads are not a reliable substitute for manual reads, necessitating an opt-out fee to cover the costs of ensuring accuracy.

CONFIDENTIAL Exhibit Reference Cells Modification Exh 2b Rows 17-18, 41- 42 Intermediate Steam added Exh 3 Rows 17-18, 41- 42, 147-148, 171- 172 Intermediate Steam added Exh 4 Rows 27-28, 72- 73 Intermediate Steam added Exh 5 Rows 22-23, 3...

AI summary The text outlines modifications to various exhibits in a regulatory proceeding, including the addition of 'Intermediate Steam' and changes to classifications and allocations related to transmission demand and PHP as a separate ATL class. These adjustments involve updating rows and formulas in multiple exhibits to ensure proper categorization and avoid errors.

New No 50% Customer, 50% 50% Customer, 50% 25% Customer, Brunswick Demand Demand 75% Demand Power Newfoundland Yes 37% Customer, 63% 37% Customer, 63% 28% Customer, Power Demand, Demand 72% Demand Ontario No 60% Customer if Density is < 30...

AI summary The table outlines different utility companies and their respective customer and demand percentages under various scenarios. It includes entities such as Brunswick Power, Newfoundland Power, Ontario, and SaskPower, indicating varying levels of customer and demand participation in different regions.

1,084,134 $1,030,227 $976,320 $922,413 Taxes Equity Return $1,293,774 $1,239,866 $1,185,959 $1,132,052 $1,078,145 $1,024,237 $970,330 $916,423 $862,516 $808,609 $754,701 $700,794 $646,887 $592,980 $539,072 $485,165 $431,258 $377,351 $323,4...

AI summary The text presents a series of financial figures related to taxes, equity return, fixed O&M, interest, and depreciation over multiple periods. These figures are part of a financial analysis or regulatory proceeding, likely involving cost recovery, revenue requirements, and accounting policies.

COSS SBA DR-6 Attachment 1 Page 5 of 24 212150 AP LIFE ADD 212250 AP DC PENSION 212300 AP DB PENSION 212350 AP CHARITY DONATIONS EMPLOYEES 212355 AP CHARITY DONATIONS EMPLOYEES IWK 212400 AP SOCIAL CLUB DUES 212500 AP UNION DUES LIVING AWA...

AI summary The document lists various accounts and liabilities, including pension funds, union dues, tax payables, and accrued liabilities. These entries are part of financial records related to Nova Scotia Power and other entities.

COSS SBA DR-6 Attachment 1 Page 7 of 24 281050 LT ACCRUED PENSION LIAB NSPI 283270 LT REGULATORY EMISSION COMPLIANCE 283300 LT UNEARNED REVENUE LIAB 283450 LONG TERM ACCRUED INTEREST 283500 LT DSU RSU 283900 LT LIABILITIES OTHER 283950 LT...

AI summary The document presents a list of long-term liabilities and revenue-related accounts, including pension liabilities, regulatory compliance costs, accrued interest, and liabilities related to demand-side management. It also includes revenue and cost recovery entries related to time-of-use pricing, small generators, and other regulatory matters.

PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1212 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 33 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023 Prior...

AI summary The document outlines various financial and operational terms related to energy management and billing, including accumulated interest, balancing account adjustments, purchased power costs, system requirements, real-time pricing charges, and water royalties. These terms are used in the context of rate calculations and financial reporting for energy providers.

Cost-related Attributes: - 4. Static efficiency of the use of rate classes and rate blocks in discouraging wasteful use of the service, while promoting all justified types and amounts of use. - 5. Reflections of all of the present and futu...

AI summary The text outlines key cost-related attributes for rate design, emphasizing efficiency, fairness, and equity in cost allocation. It highlights the need to consider both private and social costs and benefits, avoid discrimination, and promote innovation in response to changing demand and supply patterns.

Purpose of Minimum System Study - The Minimum System Study is used in the COSS for the classification of distribution costs between customer-related and demand-related. - The need to classify distribution costs is described in NARUC Electr...

AI summary The Minimum System Study is used in the COSS to classify distribution costs between customer-related and demand-related. This classification is based on the NARUC Electric Utility Cost Allocation Manual, which emphasizes that distribution costs are driven by both reaching customers and maintaining capacity to meet peak demands.

2026-2027 GRA Direct Evidence Appendix 12A(5) 1 Page 13 of 31 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Status Quo CTD Referen ce NS Power Position (Pre Resolution Session) NS Power Updated Position (Following Resolution Session) Justifi...

AI summary This table outlines the positions taken by Nova Scotia Power in a regulatory proceeding, including their initial and updated positions on various matters, along with justifications for the updated positions. The context suggests this is part of a broader rate application and affordability study process.

11 1.3.2 COST RELATED - 12 Fairness and equity are understood to mean that the utility's assets and expenses have - 13 been apportioned to the customer classes in a manner that has cost causality as the main - 14 criterion. The methodologi...

AI summary The text discusses the principles of fairness, equity, and economic efficiency in utility cost apportionment. It emphasizes cost causality as a key criterion for allocating assets and expenses to customer classes, and highlights the importance of rate design in promoting operational and dynamic efficiency, as well as resource conservation.

2026-2027 Financial Outlook 1 2026-2027 Financial Outlook (1) (2) (3) (4) Present (5) Present (6) Proposed (7) Proposed 2 Compliance 2024 Actual 2024 Forecast 2025 Rates 2026 Rates 2027 Rates 2026 Rates 2027 3 Assets 4 Fixed assets (net) 4...

AI summary The 2026-2027 Financial Outlook presents a detailed breakdown of assets, liabilities, and equity for a given entity, including forecasts for fixed and current assets, liabilities, and equity. The table outlines the financial position for 2024, 2025, and projected figures for 2026 and 2027.

Composition - (a) Merchantability. The gas shall be commercially free, under continuous gas flow conditions, from objectionable odors (except those required by applicable regulations), solid matter, dust, gums, and gum-forming constituents...

AI summary The text outlines the specifications for the quality and composition of gas, including limits on odor, oxygen, non-hydrocarbon gases, liquids, hydrogen sulphide, sulphur, temperature, water vapor, liquefiable hydrocarbons, and microbiological agents. Specific standards and testing methods are provided.

Calcium Chloride 2015 Calcium chloride systems are installed at each plant. The systems are run as required, based on fuel blend. Nova Scotia Power Inc.Annual FAM Reporting NON-CONFIDENTIAL Year [20XX] NSPI (FAM) A-13c Mercury Abatement Pr...

AI summary The document discusses calcium chloride systems installed at each plant, operated based on fuel blend. It also includes confidential and non-confidential annual FAM reporting by Nova Scotia Power Inc., focusing on the Mercury Abatement Program and technical/capital changes.

Annual Limit = 65 kg (c) Month Reported this month (d) Reported last month Variance Reason for variance 2017 Jan Actuals (e) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year to Date (f) & lt;sup>b As reported by NSPI's Environmental Servic...

AI summary The document presents a table with monthly and annual reporting data related to an annual limit of 65 kg, with notes indicating that the data is reported by NSPI's Environmental Services. The table includes columns for reported values, variances, and reasons for variance, though most fields are empty.

January 2023 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY 4 5 NOTES Subject to confirmation of release date of NS Power's quarterly financial results FAM POA 2023-2025 says that FAM Audit is to commence in February or such othe...

AI summary The text outlines a calendar of events and dates related to the FAM (likely a regulatory body or organization) in January 2023, including audit commencement dates, annual and monthly reports, and meetings. Key dates include the FAM Audit starting in February and the submission of the FAM Annual Report in 2023.

NSPI has a contractual obligation to pay NSP Maritime Link Inc. ("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...

AI summary NSPI is required to pay NSPML for the use of the Maritime Link over 38 years. NSEB approved NSPML to collect up to $197 million from NSPI in 2025, including $158 million from the annual cost assessment and $39 million for repaying a federal loan guarantee.

Guarantees and Letters of Credit As at June 30, 2025, the Company had $7 million USD and $4 million CAD of letters of credit outstanding (December 31, 2024 - $7 million USD and $3 million CAD). As at June 30, 2025, the Company had $89 mill...

AI summary As of June 30, 2025, the Company had $7 million USD and $4 million CAD in letters of credit outstanding, and $89 million USD in guarantees issued on behalf of NSPEMI, down from $104 million USD in 2024.

Cash Collateral Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amounts of cash collateral with the same counterparty. Rights to reclaim cash collateral are recognized in "Receivables, net" an...

AI summary The document discusses the company's cash collateral position related to derivatives, noting a receivable of $24 million as of June 30, 2025, and the potential for increased collateral requirements if credit conditions deteriorate, with the fair value of derivatives in a liability position at $30 million.

10. EMPLOYEE BENEFIT PLANS NSPI maintains contributory defined-benefit and defined-contribution pension plans, which cover substantially all of its employees; and plans providing non-pension benefits for its retirees. For details of the Co...

AI summary NSPI maintains contributory defined-benefit and defined-contribution pension plans covering most employees, as well as non-pension benefits for retirees. More details are provided in note 14 of NSPI's 2024 annual audited consolidated financial statements.

Net periodic costs prior to the effects of capitalization consisted of the following: For the Three months ended Six months ended millions of dollars June 30 June 30 2025 2024 2025 2024 Defined benefit pension plans Service cost $ 3 $ 3 $...

AI summary The text presents a table detailing net periodic costs related to defined benefit pension plans and non-pension benefits plans for the three and six months ended June 30, 2025, and 2024. It includes service costs, expected return on plan assets, interest costs, and amortization of actuarial losses.

D. Guarantees and Letters of Credit As at June 30, 2025, the Company had $7 million USD and $4 million CAD of letters of credit outstanding (December 31, 2024 - $7 million USD and $3 million CAD). As at June 30, 2025, the Company had $89 m...

AI summary As of June 30, 2025, the Company had $7 million USD and $4 million CAD in letters of credit outstanding, along with $89 million USD in guarantees, all issued on behalf of NSPEMI. These figures show a decrease from the previous year.

Adjusting Item Impacting 2025: Charges Related to the Pending Sale of NMGC: On August 5, 2024, Emera entered into an agreement to sell NMGC. In Q2 2025, the Company recognized a $71 million non-cash impairment charge, after-tax, and an add...

AI summary In Q2 2025, Emera recognized a $71 million non-cash impairment charge and an additional $1 million loss in estimated transaction costs related to the pending sale of NMGC, which was agreed upon on August 5, 2024.

Seasonal Nature of Operations Interim results are not necessarily indicative of results for the full year, primarily due to seasonal factors. Electricity and gas sales, and related transmission and distribution, vary during the year. The f...

AI summary The seasonal nature of operations affects interim financial results, with winter driving higher electricity and gas sales in Canada and summer increasing sales in Florida. Weather and storm activity also influence quarterly performance.

Sale of LIL Equity Interest On June 4, 2024, Emera completed the sale of its 31.1 per cent indirect minority equity interest in the LIL for a total transaction value of $1.2 billion, including cash proceeds of $957 million and $235 million...

AI summary Emera completed the sale of its 31.1% indirect minority equity interest in LIL for $1.2 billion in June 2024, including $957 million in cash and $235 million for assuming Emera's capital investment obligation. A $182 million gain was recognized in Q2 2024, with $30 million in escrow pending agreement finalization.

2026-2027 GRA OP-01 Attachment 4 Page 27 of 37 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Company assesses the potential for credit losses on a regular basis and, where appropriate, maintains provisions. With respect to counterparties...

AI summary The Company regularly assesses credit risk, monitors counterparties, and implements procedures to manage credit exposure. It manages commodity price, FX, and interest rate risks through transactions with counterparties and uses commodity master arrangements to mitigate credit risk. As of June 30, 2025, the Company had $206 million in past due financial assets, with an allowance for credit losses of $12 million.

2026-2027 GRA OP-01 Attachment 4 Page 30 of 37 REDACTED (CONFIDENTIAL INFORMATION REMOVED) As at December 31, 2024 millions of dollars Level 1 Level 2 Level 3 Total Assets Regulatory deferral: Commodity swaps and forwards $ 15 $ 3 $ - $ 18...

AI summary The document presents a financial summary of assets and liabilities related to commodity and foreign exchange derivatives as of December 31, 2024. It highlights significant amounts in regulatory deferral and HFT derivatives, with total assets at $166 million and total liabilities at $617 million, resulting in a net liability of $451 million. A note mentions the pending sale of NMGC and its classification as held for sale.

15. RELATED PARTY TRANSACTIONS In the ordinary course of business, Emera provides energy and other services and enters into transactions with its subsidiaries, associates and other related companies on terms similar to those offered to non...

AI summary Emera engages in intercompany transactions with subsidiaries and related parties, including energy and service agreements. Key transactions include Maritime Link assessments, natural gas transportation capacity purchases, and asset sales. These transactions are reported in financial statements and are eliminated on consolidation, with exceptions for net profit between regulated and non-regulated entities.

17. EMPLOYEE BENEFIT PLANS Emera maintains a number of contributory defined-benefit ("DB") and defined-contribution ("DC") pension plans, which cover substantially all of its employees. The Company also provides non-pension benefits for it...

AI summary Emera maintains contributory defined-benefit and defined-contribution pension plans covering most employees, and provides non-pension benefits for retirees.

The following table provides information about Emera's portion of material unconsolidated VIEs: As at June 30, 2025 December 31, 2024 Maximum Maximum Total exposure to Total exposure to millions of dollars assets loss assets loss Unconsoli...

AI summary The table outlines Emera's portion of material unconsolidated VIEs, focusing on NSPML with equity accounted interests. The data shows the total assets and maximum exposure to loss for June 30, 2025, and December 31, 2024. The section also mentions subsequent events, though no details are provided.

Observations - ◼ NSPI Number of Business Entity Employees per HR Function FTE in 2023 is more than two-thirds higher than the industry group median - ◼ NSPI Number of Business Entity Employees per HR Function FTE decreased 4% from 2019 to...

AI summary The document highlights that NSPI's number of business entity employees per HR function FTE in 2023 is significantly higher than the industry median, despite a slight decrease in HR function FTEs from 2019 to 2023. Overall, NSPI's business entity employee count increased by 11% over this period.

Observations - ◼ NSPI Time to Fill in 2023 is 78% higher than the industry group median - ◼ NSPI Time to Fill decreased 23% between 2019 and 2023 (-6.3% CAGR) Definition: Cycle time in calendar days from approval of job requisition to acce...

AI summary The document highlights NSPI's Time to Fill metric, showing a significant increase in 2023 compared to the industry median, but a notable decrease from 2019 to 2023. The Time to Fill is defined as the cycle time from job requisition approval to job offer acceptance, based on APQC utility benchmarks.

Observations - ◼ NSPI Percent of Supply Management Positions that are Strategic in 2023 is 13 percentage points lower than the industry group median - ◼ NSPI Percent of Supply Management Positions that are Strategic decreased 1 percentage...

AI summary The document highlights that NSPI's percentage of strategic supply management positions has decreased compared to industry benchmarks, with a 13 percentage point gap in 2023 and a 1 percentage point decline between 2019 and 2023. The number of strategic FTEs remained flat, while total FTEs in sourcing and purchasing increased slightly.

OUR STRATEGIC PRIORITIES Always leading with Health & Safety Advancing Cleaner Energy towards our Net-Zero Vision Enhancing Reliability Driving Innovation Empowering our Teams & Communities Always Working to Minimize Cost Impacts for Custo...

AI summary The text outlines strategic priorities focusing on health and safety, advancing cleaner energy toward net-zero, enhancing reliability, driving innovation, empowering teams and communities, and minimizing cost impacts for customers.

Track Record of Strong Governance 50% of executive officers at Emera Inc. are women – 39% across Emera 94% shareholder support in 2023 say on pay 45% of Emera's Board of Directors are women, including the Chair For more information on Emer...

AI summary The document highlights Emera Inc.'s strong governance track record, including 50% female executive officers, 94% shareholder support for pay, and 45% female representation on the Board of Directors. It also references sustainability initiatives and includes notes on data sources and definitions.

Investing In Our Teams & Communities $12M Invested in our communities in 2023 45% of senior leaders 1 at Emera Inc. are women – 36% across Emera Recognized as one of Canada's Best Diversity Employers for 2024 Committed to World Class Safet...

AI summary Emera Inc. invested $12M in communities in 2023, with 45% of senior leaders being women. The company achieved a 3% decrease in OSHA injury rate and a 24% improvement in LTI over a 5-year average. Emera is recognized as one of Canada's Best Diversity Employers for 2024 and emphasizes world-class safety and sustainability.

Fellow shareholders, Utilities remain at the forefront of significant cross-industry transformation, driven by economic, demographic, environmental and technological trends. As a result, we're seeing significant growth in demand for energy...

AI summary The document highlights the transformative challenges facing utilities due to economic, demographic, environmental, and technological trends. Utilities are investing in resilient, flexible, and cost-efficient systems while addressing customer expectations for reliability, resiliency, and affordability, and meeting clean energy mandates.

ACTIVITIES OF THE AUDIT COMMITTEE IN 2024 The Audit Committee met five (5) times in 2024. In accordance with its mandate as set out in the Audit Committee Charter, the Audit Committee performed the following key functions in 2024: - 1. Rev...

AI summary The Audit Committee met five times in 2024 and performed various functions including reviewing accounting and disclosure issues, credit and market price risk reports, tax reports, compliance reports, and financial statements. They also evaluated the performance of the Chief Financial Officer and external auditors, and approved updates to internal audit policies and fees for EY.

Market Competitiveness Emera benchmarks executive compensation to ensure the Company pays competitively in the markets where it operates and to motivate, attract and retain high-quality talent. Emera's executive compensation program is des...

AI summary Emera ensures competitive executive compensation to attract and retain talent, aligning with the median of comparable companies. Pay positioning may vary based on factors like experience and affordability, with total compensation including base salary and incentives tied to shareholder value.

SHORT-TERM INCENTIVE PLAN The compensation awarded under the STIP links a portion of an executive's compensation to the achievement of predetermined levels of performance in support of corporate and business unit objectives. These objectiv...

AI summary The Short-Term Incentive Plan (STIP) ties a portion of executive compensation to the achievement of corporate and business unit objectives, with payouts based on performance metrics. Scorecards, approved by the Board of Directors on the recommendation of the Management Resources and Compensation Committee, set performance levels and payouts ranging from 0 to 200% of target.

Target Measures - Ensure external postings have qualified shortlists including at least one person from an underrepresented group, 75% of the time. - Achieve phishing "test click rate" results of 4.5% or lower at the end of the year (after...

AI summary The document outlines target and stretch measures related to diversity in hiring, phishing test click rates, and employee participation in change management initiatives. It also discusses the financial targets linked to per share outcomes and the adjustments made to compensation figures for incentive purposes.

The number of PSUs, RSUs and stock options granted to senior management is determined after considering competitive benchmarking data and the individual's level of responsibility within the Company. Grants are calculated each year based on...

AI summary The number of PSUs, RSUs, and stock options granted to senior management is determined based on competitive benchmarking, individual responsibility, and performance. The MRCC reviews previous grants and total compensation history annually to ensure grants remain reasonable in relation to market data, company performance, and individual performance.

REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026-2027, GRAD OP-13 SATTRICHMENT 1 Page 103 OF 115 Due to Canada Revenue Agency limitations on the maximum pension benefit that may be paid under the Pension Plan, a portion of the pension the...

AI summary The document discusses the structure and terms of the Pension Plan and Supplementary Retirement Plan, including limitations on pension benefits, closure of defined benefit components, and eligibility for retirement awards for certain executives. The retirement award is based on salary and years of service, and is only payable if the employee retires on their unreduced retirement date.

The table below identifies how much of the short-term incentive for 2024 that each NEO elected to allocate to DSUs: Name Percentage of 2024 annual incentive elected to deferred share units (%) Dollar amount of 2024 annual incentive elected...

AI summary The table outlines the allocation of short-term incentives for 2024 by each Named Executive Officer (NEO) to Deferred Share Units (DSUs), including the percentage and dollar amount elected by each individual.

Employee Common Share Purchase Plan Executives are also eligible to participate in the Employee Common Share Purchase Plan, which allows employees of Emera and its operating companies to purchase Emera common shares through regular payroll...

AI summary The Employee Common Share Purchase Plan allows executives and employees to purchase Emera common shares through payroll deductions or lump-sum payments, with a company match of 20% up to a limit. The plan has issued a significant portion of its share limit, with remaining shares available for future issuance.

Scott Balfour Resignation All unvested PSUs, RSUs and stock options are forfeited. Terminated for cause All unvested PSUs, RSUs and stock options are forfeited. Terminated without cause Entitled to a lump sum equal to 24 months' compensati...

AI summary This section outlines the terms and conditions for Scott Balfour's resignation, termination, change of control, and retirement, including the handling of unvested PSUs, RSUs, and stock options under different scenarios.

Greg Blunden Resignation All unvested PSUs, RSUs and stock options are forfeited. Terminated for cause All unvested PSUs, RSUs and stock options are forfeited. Terminated without cause Entitled to a lump sum equal to 18 months' compensatio...

AI summary The text outlines the terms and conditions for Greg Blunden's resignation, termination for cause, and termination without cause, detailing the forfeiture and payout of unvested shares, stock options, and benefits.

NS Power General Rate Application NON-CONFIDENTIAL OP-14 1 Trenton; baghouse technology at Trenton 5 and Point Aconi; fluidized bed technology at 2 Point Aconi, and seven mercury abatement systems (Calcium Chloride at the front end and 3 p...

AI summary The document outlines NS Power's environmental compliance measures, including mercury abatement systems and emission controls, as well as details about share issuance and preferred shares for NS Power and Emera Incorporated. It includes information about compliance with environmental regulations and share prices.

n.ManGDP A binary variable was added for October 2022 to account for billing delays after hurricane Fiona. Variable Coefficient StdErr T-Stat P-Value

AI summary A binary variable was introduced in October 2022 to address billing delays caused by Hurricane Fiona, as reflected in the statistical analysis provided.

A binary variable was added for October 2022 to account for billing delays after hurricane Fiona. Variable Coefficient StdErr T-Stat P-Value MBin.Jan 21712.759 1366.359 15.891 0.00% MBin.Feb 18642.698 1368.355 13.624 0.00% MBin.Mar 19340.7...

AI summary A binary variable was introduced in October 2022 to account for billing delays caused by Hurricane Fiona. The table presents statistical data on various variables, including coefficients, standard errors, t-statistics, and p-values.

In its Reply Submission, NS Power disagreed with this reasoning: Had NS Power's approved revenue requirement been based on its costs to serve customers and not a legislative cap, then NS Power would generally agree that it would not be app...

AI summary NS Power disagrees with the reasoning that OM&G costs should not be moved to the FAM until the next GRA, arguing that current rates create a revenue shortfall. The Board agrees with stakeholders that reclassifying these costs would be inappropriate and states that Bill 212 does not justify departing from this principle. The Board also notes potential changes in OM&G costs since the GRA estimates and emphasizes that the intent of Bill 212 is to limit costs to the legislated cap.

NSPI Amendments to the Plan of Administration (NSUARB M11127) NSPI Responses to CA Information Requests 1 Request IR-3: 2 3 Reference: Application, pp. 1-2. 4 5 Please describe the specific maintenance activities related to the costs descr...

AI summary The document details NSPI's responses to information requests regarding maintenance activities at the Point Tupper Marine Terminal and Tufts Cove pier, including preventive and corrective maintenance tasks, and the basis for associated costs.

Nova Scotia Power Inc. Reconciliation Of Reported Amounts With S&P Global Ratings' Adjusted Amounts Fiscal year ended Dec. 31, 2020

AI summary The document presents a reconciliation of Nova Scotia Power Inc.'s reported amounts with S&P Global Ratings' adjusted amounts for the fiscal year ended December 31, 2020.

1. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...

AI summary NSPI faces challenges due to its reliance on international fuel suppliers and high electricity rates, partly caused by its current generation mix dominated by coal. While the Muskrat Falls project will reduce coal's role, coal-based assets will still be part of the mix beyond 2029. Federal regulations require coal plant closures by 2030, and NSPI may need an extended Equivalency Agreement to continue operating coal-based assets.

Page 9 of 14 Assessment of Regulatory Framework 7. Stranded Cost Recovery Excellent Good Satisfactory Below Average Poor The NSUARB disallowed the recovery of some, but not a material amount of, fuel-related costs. 8. Rate Freeze Excellent...

AI summary The document discusses the assessment of the regulatory framework, noting that stranded cost recovery is rated as excellent, good, or satisfactory. It also highlights that residential electricity rates in Nova Scotia are higher than the Canadian average, which may affect cost recovery for NSPI. Financial data, including assets, liabilities, and equity, is presented for various years.

Social There were no social factors that had a relevant or significant effect on the credit analysis. As a regulated utility, NSPI provides an essential service to its customers. Any disruptions in its operations could result in reputation...

AI summary The document states that no social factors significantly impacted the credit analysis of NSPI. NSPI provides essential services and aims to minimize service disruptions, achieving outage metrics below the 2024 targets. The company is also committed to the safety of employees and customers.

2026-2027 GRA Cleary IR-4 Attachment 1 Page 6 of 32 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Average % Change on Previous Calendar Vear Ann To Core-Core Consumer Prices 0.0 -0.8 0.1 2.6

AI summary The document presents a table showing the average percentage change in core-core consumer prices over the previous calendar year, with values ranging from -0.8 to 2.6. The table is part of a larger redacted document related to a 2026-2027 GRA Cleary IR-4 Attachment 1.

Budget Dynamics in the Spotlight The newly-announced government estimates that the budget deficit may exceed -6% of GDP this year (after rising to -5.5% in 2023). Similarly, the Treasury estimates that the deficit could (if no actions are...

AI summary The government's budget deficit is projected to exceed -6% of GDP in 2024, with further deficits expected in the coming years. Prime Minister Michel Barnier aims to reduce the deficit to -5% of GDP by 2025 through spending cuts and tax increases. The French power regulator has recommended a 10% annual reduction in electricity prices starting in January.

NON-CONFIDENTIAL 1 2 The home bias is even more dramatic in Canadian fixed income markets, in 2020. 2 which similarly comprise about 3% of global fixed income markets, but Canadian 3 investors had a domestic allocation for fixed income of...

AI summary The text discusses the concept of 'home bias' in Canadian fixed income markets, noting that Canadian investors have a high domestic allocation. It also asks for confirmation on U.S. government yields being higher than Canadian government yields and whether NS Power would prefer borrowing in the U.S. despite higher rates and currency risk.

2 Further, an August 25, 2025 article from Bloomberg reported that: 3 4 Canadian investors have injected C$124 billion ($89.7 billion) into U.S. 5 Stocks in 2025, even as Trump's trade war disrupted the two countries' 6 longstanding, large...

AI summary The text discusses Canadian investors injecting significant capital into U.S. stocks despite trade tensions, citing factors like AI-driven optimism. It also notes the relationship between Canadian and U.S. government bond yields, acknowledging their correlation and potential future convergence influenced by economic and political factors.

REDACTED 1 Request IR-9: 2 3 Reference: N-6 - 2026-2027 GRA Direct Evidence Appendix 7C Page 5-6 of 58 4 - 5 Per N-6, (Appendix 7C), page 5-6 of 58, we understand that for "General Counsel, - 6 Corporate Secretary, and Insurance", insuranc...

AI summary The request asks for a summary of the most recent insurance premiums for 'General Counsel, Corporate Secretary, and Insurance' as outlined in N-6, Appendix 7C, page 5-6 of 58. The response indicates that a summary will be provided, but the content of the summary is not included in the text.

NON-CONFIDENTIAL 1 Request IR-42: 2 3 Reference: N-6 - 2026-2027 GRA Direct Evidence Appendix 7C Page 43-44 of 58 4 5 Per N-6, (Appendix 7C), page 43-44 of 58, we understand that consulting expense and 6 membership dues expense has increas...

AI summary The response to Request IR-42 explains the increase in consulting and membership dues expenses for the reliability implementation's standards and community engagement team, citing the need for updated distribution line standards and engagement with NEETRAC and the Canadian Standards Association.

NON-CONFIDENTIAL 1 Request IR-50: 2 3 Reference: N-6 - 2026-2027 GRA Direct Evidence Appendix 7C Page 51-52 of 58 4 - 5 Per N-6, (Appendix 7C), page 51-52 of 58, we understand that write-offs have decreased from - 6 2024 compliance restate...

AI summary The request seeks clarification on the decrease in write-offs for customer service from 2024 compliance restated and actual figures to the 2026 forecast. NS Power explains that net bad debt expense is calculated using a subset of customer sales and adjusted for AMI savings.

ORIGINAL LIFE TABLE, CONT. AVG AGE RET 21.9 001 EXPERIENCE ANALYSIS PLACEMENT BAND 1952-2023 EXPERIENCE BAND 1952-2023 AGE AT EXPOSURES AT RETIREMENTS PCT SURV BEGIN OF BEGINNING OF DURING AGE RETMT SURV BEGIN OF INTERVAL AGE INTERVAL INTE...

AI summary The text presents an original life table continuation with age-specific exposure, retirement data, and survival percentages. It includes a table with age intervals, exposures, retirements, and survival ratios, and references an attachment from the 2026-2027 GRA Emrydia IR-2 document.

ACCOUNT 310.99 STEAM PRODUCTION PLANT AVG AGE RET 23.6 PLACEMENT BAND 1957-2023 005 EXPERIENCE ANALYSIS EXPERIENCE BAND 2020-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO S...

AI summary The text presents a detailed experience analysis table for Account 310.99 Steam Production Plant, showing exposure, retirements, and survival rates over various age intervals. The data spans from 0.0 to 38.5 years and includes metrics such as retirement ratios, survival ratios, and percentages of survival at the beginning of each interval.

SUMMARY OF CURVE FITTING RESULTS - PCT SURV BALANCED AREAS PLACEMENT BAND 1957-2023 005 EXPERIENCE BAND 2020-2023 SURVIVOR CURVE RESID RANGE OF MEAS FIT SURVIVOR CURVE RESID MEAS RANGE OF FIT 51.6-S0 49.5-S0.5 47.9-S1 46.8-S1.5 3.65 0 - 58...

AI summary The summary presents curve fitting results for survivor curves across different placement and experience bands from 1957 to 2023. The data includes residuals, measurement ranges, and fit values, with a note that the segment between 85.0 and 15.0 percent surviving is highlighted.

ACCOUNT 330.99 HYDRAULIC PRODUCTION PLANT AVG AGE RET 27.9 PLACEMENT BAND 1920-2023 005 EXPERIENCE ANALYSIS EXPERIENCE BAND 2020-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RAT...

AI summary The text presents a detailed table analyzing the experience and retirement rates of workers in the Hydraulic Production Plant under Account 330.99. It includes data on average age, exposure, retirements, survival ratios, and percentages of survival over various age intervals. The data appears to be used for workforce planning or actuarial analysis.

ORIGINAL LIFE TABLE, CONT. AVG AGE RET 33.9 001 EXPERIENCE ANALYSIS PLACEMENT BAND 1973-2023 EXPERIENCE BAND 1973-2023 AGE AT EXPOSURES AT RETIREMENTS PCT SURV BEGIN OF BEGINNING OF DURING AGE RETMT SURV BEGIN OF INTERVAL AGE INTERVAL INTE...

AI summary The text presents an original life table continuation with data on average age at retirement, exposures, retirements, and survival percentages from 1973 to 2023. The table includes age intervals, exposure numbers, retirement ratios, and survival rates, concluding with a total summary of the data.

ACCOUNT 369.00 SERVICES AVG AGE RET 32.8 PLACEMENT BAND 1929-2023 002 EXPERIENCE ANALYSIS EXPERIENCE BAND 1990-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO PCT...

AI summary This table presents demographic data related to a workforce or population cohort, including age distribution, exposure numbers, retirement rates, survival ratios, and other statistical measures across various age intervals. The data is associated with Nova Scotia Power, Inc.

ORIGINAL LIFE TABLE PLACEMENT BAND 1930-2009 EXPERIENCE BAND 1942-2009 AGE AT EXPOSURES AT BEGIN OF BEGINNING OF INTERVAL AGE INTERVAL RETIREMENTS DURING AGE RETMT INTERVAL RATIO SURV PCT SURV BEGIN OF RATIO INTERVAL 0.0 0.5 1.5 2.5 3.5 4....

AI summary The text presents an original life table with data on exposures, retirements, survival ratios, and survival percentages across various age intervals. It includes numerical data and statistical analysis related to life expectancy or survival rates, likely used in regulatory or financial contexts.

Nova Scotia Power Inc. is a subsidiary of Emera Inc. and is the majority provider of electricity in the province of Nova Scotia. Electricity is essential to the safety, security and prosperity of Nova Scotians. Nova Scotia Power is committ...

AI summary Nova Scotia Power Inc. (NSPI) is the primary electricity provider in Nova Scotia and is committed to aligning its asset management practices with ISO 55000 standards. The Strategic Asset Management Plan (SAMP) supports NSPI's corporate strategy, focusing on data-driven decision-making, stakeholder collaboration, and ensuring safe, reliable, and environmentally sound operations while addressing climate change and integrating renewable energy.

4.3 Risks to the achievement of objectives As with all organizations, there are risks to the achievement of both Organizational objectives and Asset Management objectives. - Human Resources and Competency Ensuring that competent resources...

AI summary The document outlines risks to achieving organizational and asset management objectives, including human resource challenges, aging assets, affordability concerns, and regulatory changes. The Energy Reform Act is highlighted as a significant legislative change impacting NS Power's structure and operations.

REDACTED 2026-2027 GRA NSEB IR-2 Attachment 1 Page 5 of 6 REDACTED (CONFIDENTIAL INFORMATION REMOVED) As at December 31 millions of Canadian dollars 2024 Unregulated Retained Earnings Unregulated retained earnings - December 31, 2023 $181....

AI summary The document provides a detailed breakdown of financial figures related to unregulated retained earnings, property, plant, and equipment, as well as deferred income taxes and related party transactions for the period ending December 31, 2024. Key items include unregulated retained earnings, capital projects, and adjustments related to tax and financing expenses.

Income Taxes and Investment Tax Credits NSPI recognizes deferred income tax assets and liabilities for the future tax consequences of events that have been included in the consolidated financial statements or income tax returns. Deferred i...

AI summary NSPI recognizes deferred income tax assets and liabilities based on enacted tax rates and reviews the likelihood of recovery. Investment tax credits are recorded as a reduction to income tax expense when realization is probable. NSPI collects income taxes from customers, except for deferred income taxes on certain regulatory balances, and classifies interest and penalties related to unrecognized tax benefits in specific expense categories.

Receivables and Allowance for Credit Losses Customer receivables are recorded at the invoiced amount and do not bear interest. Standard payment terms for electricity sales are 30 days for bi-monthly customers and 20 days for monthly custom...

AI summary The document outlines how customer receivables are recorded and managed, including payment terms, late fees, and the allowance for credit losses. The Company assesses credit risk for new customers and maintains provisions for expected credit losses based on historical data, current events, and forecasts.

The Company's concentrations of risk as at December 31, consisted of the following: As at 2024 2023 millions of % of total millions of % of total dollars exposure dollars exposure Receivables, net Residential $ 206 45% $ 183 42% Commercial...

AI summary The document outlines the Company's concentrations of risk as of December 31, focusing on receivables and derivative instruments. Residential and commercial receivables are the largest components, while cash collateral and credit ratings are also highlighted as significant risk factors.

14. EMPLOYEE BENEFIT PLANS NSPI maintains contributory defined-benefit and defined-contribution pension plans, which cover substantially all of its employees; and plans providing non-pension benefits for its retirees.

AI summary NSPI maintains contributory defined-benefit and defined-contribution pension plans covering most employees, as well as non-pension benefits for retirees.

Defined Benefit Plans The Company maintains contributory defined benefit pension plans which cover approximately 30 per cent of the active workforce. The defined benefit plan pension benefits are determined based on the years of service an...

AI summary The Company maintains contributory defined benefit pension plans covering 30% of active employees, closed to new entrants since 2014. Benefits are based on years of service and average salary, with annual post-retirement indexing tied to the Consumer Price Index. Other retirement benefits include an unfunded retirement award plan and contributory health care plan, with the former closed to new entrants in 2007.

The changes in benefit obligation and plan assets, and the funded status for all plans for the years ended December 31 were as follows: millions of dollars 2024 2023 Change in Projected Benefit Obligation ("PBO") and Accumulated Post Defin...

AI summary This section provides a detailed overview of the changes in benefit obligation and plan assets for the years ended December 31, 2024 and 2023. The data includes changes in projected benefit obligations, accumulated post-retirement benefit obligations, and funded status for defined benefit pension and non-pension benefit plans. The actuarial losses for defined benefit pension plans are attributed to updated salary increase assumptions, higher-than-expected indexation, and member experience.

For the years ended December 31 the aggregate financial position for all pension plans where the PBO or, for post-retirement benefit plans, the APBO, exceeds the plan assets is as follows: millions of dollars 2024 2023 Plans with PBO/APBO...

AI summary The text provides a summary of the financial position of pension plans where the Projected Benefit Obligation (PBO) or Accumulated Benefit Obligation (ABO) exceeds plan assets for the years ended December 31, 2024 and 2023. It outlines the amounts of PBO/APBO, fair value of plan assets, and the funded status for defined benefit pension plans and non-pension benefit plans.

The ABO for the defined benefit pension plans was $1,270 million as at December 31, 2024 (2023 – $1,260 million). The aggregate financial position for those plans with an ABO in excess of the plan assets for the years ended December 31 is...

AI summary The ABO for the defined benefit pension plans was reported as $1,270 million as of December 31, 2024, an increase from $1,260 million in 2023. The financial position of these plans, where ABO exceeds plan assets, is outlined for the years ended December 31.

Investments in Emera Incorporated or NSPI As at December 31, 2024 and 2023, the assets related to the pension funds do not hold any material investments in Emera or NSPI securities. However, as a significant portion of assets for the benef...

AI summary As of December 31, 2024 and 2023, pension fund assets do not hold material investments in Emera or NSPI securities. However, due to pooled assets, there may be indirect investments in these securities.

Post-retirement benefit plan assets There are no assets set aside to pay for the other post-retirement benefit plans. As is common in Canada, post-retirement health benefits are paid from general accounts as required.

AI summary The document indicates that there are no specific assets allocated for post-retirement benefit plans, and post-retirement health benefits are funded from general accounts as needed, a common practice in Canada.

The following table shows the expected cash flows for defined benefit pension and other post-retirement benefit plans: millions of dollars Expected employer contributions Defined benefit pension plans Non-pension benefit plans 2025 $ 12 $...

AI summary The text presents a table outlining expected cash flows for defined benefit pension and other post-retirement benefit plans, including employer contributions and benefit payments from 2025 to 2034. Assumptions underpinning these projections are also mentioned.

As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...

AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.

Transactions between the Company and its related parties reported in the Consolidated Statements of Income and Consolidated Balance Sheets are as follows: For the Year ended millions of dollars December 31 Nature of Service Presentation 20...

AI summary The document outlines transactions between the Company and related parties, including sales and purchases, as well as the issuance of common shares to Emera. Key figures include sales of management and administrative services, purchases of fuel and electricity, and a significant decrease in the number of shares issued in 2024 compared to 2023.

As at December 31, 2024, NSPI had $150 million due to Emera and affiliates (December 31, 2023 – $123 million).

AI summary As of December 31, 2024, Nova Scotia Power Inc. (NSPI) had a debt of $150 million owed to Emera and its affiliates, an increase from $123 million as of December 31, 2023.

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 UARB approval to collect up to $...

AI summary NSPI is obligated to pay NSPML for the use of the Maritime Link over 38 years. NSPML received approval to collect up to $197 million from NSPI in 2025, including $158 million from the annual cost assessment and $39 million for repaying the federal loan guarantee.

Commodity Price Risk The Company's fuel supply is subject to commodity price risk. The Company's fuel supply is exposed to broader global market conditions, which may include impacts on delivery reliability and price, despite contracted te...

AI summary The Company's fuel supply is subject to commodity price risk due to global market conditions, including currency fluctuations, geopolitical risks, and natural disasters. Prolonged increases in fuel prices could affect rate affordability, cost recovery, and customer consumption patterns.

General Economic Risk The Company has exposure to the macro-economic conditions in Nova Scotia. Like most utilities, economic factors such as consumer income, employment and housing affect demand for electricity, and in turn the Company's...

AI summary The Company faces economic risks due to macroeconomic conditions in Nova Scotia, which can affect customer affordability of rate increases and impact financial results, credit risk, and regulatory cost recovery.

E. Guarantees and Letters of Credit As at December 31, 2024, the Company had $104 million USD (2023 – $104 million USD) of guarantees outstanding with terms of varying lengths, all of which are issued on behalf of its subsidiary, NSPEMI. A...

AI summary As of December 31, 2024, the Company had $104 million USD in guarantees and $7 million USD and $3 million CAD in letters of credit outstanding, all issued on behalf of its subsidiary, NSPEMI.

PENSION FUNDING For funding purposes, NSPI determines required contributions to its registered defined benefit pension plans based on smoothed asset values. This reduces volatility in the cash funding requirement as the impact of investmen...

AI summary NSPI uses smoothed asset values to determine pension contributions, reducing volatility in cash funding requirements. Contributions to defined benefit pension plans are expected to be $12 million in 2025, while defined contribution plans are projected at $8 million. Investments are managed by external managers under a long-term strategy focused on capital preservation and appropriate returns.

Defeasance Upon privatization of the former provincially owned Nova Scotia Power Corporation ("NSPC") in 1992, NSPI was appointed to manage and administer a portfolio of defeasance securities. The securities provide principal and interest...

AI summary The text discusses the defeasance securities managed by Nova Scotia Power Inc. (NSPI) on behalf of Nova Scotia Power Finance Corporation (NSPFC) following the privatization of Nova Scotia Power Corporation in 1992. The securities, totaling $200 million as of 2024, are held in trust and used to service defeased debt, with a significant portion invested in related debt to eliminate risk.

Guarantees and Letters of Credit As at December 31, 2024, the Company had $104 million US Dollars ("USD") (2023 – $104 million USD) of guarantees outstanding with terms of varying lengths, all of which are issued on behalf of NSPI's subsid...

AI summary As of December 31, 2024, the Company has $104 million USD in guarantees and $7 million USD and $3 million CAD in letters of credit outstanding, all issued on behalf of NSPI's subsidiary, NSPEMI.

Physical Risk: Climate change may negatively impact the Company's operations as a result of increased frequency and intensity of weather events and related physical risks, any of which could result in a Material Adverse Effect (for more in...

AI summary Climate change may increase the frequency and intensity of weather events, impacting the Company's operations and leading to a Material Adverse Effect. This could also affect insurance costs, deductibles, and credit ratings, influencing the availability and cost of long-term debt and credit facilities.

Commercial Relationships Risk The Company is exposed to commercial relationships risk in respect of its reliance on certain key partners, suppliers and customers. For the year ended December 31, 2024, NSPI's five largest customers contribu...

AI summary NSPI faces commercial relationships risk due to its reliance on key partners, suppliers, and customers. Its five largest customers contributed 9% of electric revenues in 2024, and losing a major customer could significantly impact revenues and result in a Material Adverse Effect.

Supply Chain Risk NSPI's ability to meet customer energy requirements, respond to storm-related disruptions and invest in capital in a cost-effective and timely manner are dependent on maintaining an efficient supply chain. Domestic and gl...

AI summary NSPI's operations are vulnerable to supply chain risks, including delays, cost increases, and shortages due to domestic and global issues, inflation, labor shortages, and regulatory changes. These risks could impact the company's ability to meet customer needs and invest in capital projects.

Future Employee Benefit Plan Performance and Funding Risk NSPI has both defined benefit and defined contribution employee benefit plans that cover both employees and retirees. The defined benefit plan is closed to new entrants. The cost of...

AI summary NSPI has defined benefit and defined contribution employee benefit plans. The defined benefit plan is closed to new entrants, and its costs are influenced by investment performance, interest rates, inflation, and actuarial assumptions. Future financial conditions could require larger contributions, potentially leading to a Material Adverse Effect.

9 SAIDI 2019 2020 2021 2022 2023 2024 NS Power 43.88 6.57 5.60 74.87 23.03 6.34 Atlantic Canada 26.37 7.21 6.03 47.69 18.44 6.91 Region 2 10.74 6.70 7.01 17.08 12.59 7.82 All-Canada 8.38 5.35 5.57 14.32 9.95 6.25 SAIFI 2019 2020 2021 2022...

AI summary The document presents SAIDI, SAIFI, and CAIDI metrics for NS Power and other regions from 2019 to 2024 and includes a request for NS Power to explain how reliability and affordability have been balanced in its 2026-2027 GRA application, referencing specific plans and exhibits.

Re: Nova Scotia Power Inc. (NS Power or the Company) – Request for SO2 Emissions Variance While NS Power was able to comply with SO2 air emissions limits in 2023 and 2024 as set out in the Air Quality Regulations, the compliance has been c...

AI summary NS Power is requesting a variance to SO2 emissions limits to address the high costs of compliance and delays in renewable energy installations. The request aims to align SO2 compliance with decarbonization goals while maintaining system reliability and affordability for customers.

1 Request IR-36: 2 3 Reference: Exhibit N-3 GRA Direct Evidence, Section 2.2 FAM Treatment 4 5 a) Please reconcile the forecast total FAM balance owing from customers at the end of 6 2025 of approximately $94 million (from the August 2025...

AI summary The document addresses discrepancies in the Fuel Adjustment Mechanism (FAM) balance, reconciling the forecasted balance of approximately $94 million at the end of 2025 with the FAM deferral balance in RB-2-16. The increase is attributed to higher HFO consumption during winter 2025, constrained by the delayed SO2 emissions Certificate of Variance and increased natural gas prices. Additionally, provincial legislation affecting biomass energy prices at Brooklyn Power contributed to the increase in FAM fuel costs.

REDACTED 1 Request IR-51: 15 continued safe operation and environmental protection. 16 17 NS Power's Petroleum Piping and Tank Inspection and Integrity Program (Quality Processes QP 18 G011 and QP-G039) outlines a risk-based approach to in...

AI summary The text discusses NS Power's inspection and integrity program for petroleum piping and tanks, emphasizing risk-based assessments and regulatory compliance. It also references a request for information on cost savings initiatives planned for 2026 and 2027.

NON-CONFIDENTIAL 1 Request IR-62: 3 (a) The increase of $2.3 million for labour from the 2024 Compliance forecast is primarily due 4 to additional resources in the Safety department to focus on further reducing serious injury 5 frequency a...

AI summary The document discusses an increase in labour costs for NS Power due to additional resources in the Safety department and the need to attract skilled employees and support Diversity, Equity and Inclusion programs. It also outlines an increase in consulting expenses, primarily driven by increased medical consulting expenses and the decision to purchase these services from a third-party.

Peer Group Selection – Corporate Support Metrics - For the Corporate Support metrics, benchmarks from APQC (American Productivity and Quality Center) and CAPS (Center for Advanced Procurement Studies) were utilized - Peers within APQC and...

AI summary The document discusses the selection of peer groups for corporate support metrics, utilizing benchmarks from APQC and CAPS. These organizations provide aggregated data for comparison, though individual peers are not identified. The benchmarks are sourced from third-party studies, which may vary in timelines and peer group composition.

Observations - NSPI A&G OM&G per Retail Customer is first quartile and second lowest among peers - NSPI A&G OM&G per Retail Customer increased 3% from 2019 to 2023 (0.7% CAGR) while the peer median A&G OM&G per Retail Customer decreased 14...

AI summary The text compares NSPI's A&G OM&G costs per retail customer with peer companies from 2019 to 2023, highlighting that NSPI's costs are in the first quartile and second lowest among peers, with a 3% increase compared to a 14% decrease in the peer median. Both NSPI and peers experienced increases in nominal costs and retail customer numbers over the timeframe.

Observations - NSPI Number of Business Entity Employees per HR Function FTE in 2023 is more than two-thirds higher than the industry group median - NSPI Number of Business Entity Employees per HR Function FTE decreased 4% from 2019 to 2023...

AI summary The document highlights that NSPI's number of Business Entity Employees per HR Function FTE in 2023 is significantly higher than the industry median, despite a slight decrease in HR Function FTEs from 2019 to 2023. Overall, NSPI's employee count increased by 11% from 2019 to 2023.

Factors Contributing to Performance NSPI's higher number of employees per HR Function FTE is partially as a result of the shared service structure in which NSPI is provided HR services from Emera Definition: Number of business entity emplo...

AI summary NSPI has a higher number of employees per HR Function FTE due to its shared service structure, where HR services are provided by Emera. The metric is defined as the number of business entity employees divided by the number of FTEs managing human capital.

Observations - NSPI Percent of Supply Management Positions that are Strategic in 2023 is 13 percentage points lower than the industry group median - NSPI Percent of Supply Management Positions that are Strategic decreased 1 percentage poin...

AI summary The document highlights that NSPI's percentage of strategic supply management positions has decreased compared to the industry median and between 2019 and 2023. Despite this, the number of strategic FTEs remained flat while total FTEs in sourcing and purchasing increased slightly.

- 19 is the same as customer growth, it shows this information below. Company Percentage Change in Reported Number of Customers 6 depreciation expense basis, and below the peer median in four of the five years studied. 7 8 (v) NS Power's f...

AI summary The text discusses customer growth and compares NS Power's distribution and general plant additions to peer medians, highlighting discrepancies in depreciation expense and investment in system reliability. It also notes higher HR costs per FTE and mentions regulatory processes like the ACE Plan and Five-Year Reliability Plan.

2026-2027 GRA NSEB IR-85 Confidential Attachment 1 has been removed due to confidentiality. 1 Request IR-86: 4 • Nova Scotia has experienced higher levels of interprovincial migration. Many of these 5 new customers already have an establis...

AI summary The document discusses Nova Scotia Power's forecast of reduced security deposits due to interprovincial migration and rising living costs, as well as a request for information on capital items in the GRA that have not received NSEB approval. NS Power is committed to supporting low-income customers.

Social There were no social factors that had a relevant or significant effect on the credit analysis. As a regulated utility, NSPI provides an essential service to its customers. Any disruptions in its operations could result in reputation...

AI summary The document states that there were no significant social factors affecting the credit analysis of NSPI. NSPI provides essential services and has met its outage targets for Q3 2024. The company is committed to employee and customer safety.

ACCOUNT 310.99 STEAM PRODUCTION PLANT AVG AGE RET 21.9 PLACEMENT BAND 1952-2023 001 EXPERIENCE ANALYSIS EXPERIENCE BAND 1952-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO S...

AI summary The document presents a detailed experience analysis table for the Steam Production Plant under Account 310.99, showing exposure data, retirements, and survival rates over time. The data spans from 1952 to 2023 and includes metrics such as retirement ratios, survival ratios, and percentages of survival at the beginning of each interval.

ORIGINAL LIFE TABLE, CONT. AVG AGE RET 22.2 002 EXPERIENCE ANALYSIS PLACEMENT BAND 1952-2023 EXPERIENCE BAND 2004-2023 AGE AT EXPOSURES AT RETIREMENTS PCT SURV BEGIN OF BEGINNING OF DURING AGE RETMT SURV BEGIN OF INTERVAL AGE INTERVAL INTE...

AI summary The text presents a continuation of an original life table, showing average age at retirement, exposures, retirements, and survival percentages across various age intervals. The table includes data from 1952 to 2023 and provides statistical insights into retirement patterns.

ORIGINAL LIFE TABLE, CONT. AVG AGE RET 32.8 PLACEMENT BAND 1920-2023 001 EXPERIENCE ANALYSIS EXPERIENCE BAND 1920-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO P...

AI summary The text presents a continuation of an original life table, showing data on average age at retirement, exposures, retirements, and survival ratios across different age intervals. The table includes detailed statistical information on retirements and survival rates from 1920 to 2023.

NOVA SCOTIA POWER, INC. ACCOUNT 359.00 ROADS, TRAILS AND BRIDGES SUMMARY OF CURVE FITTING RESULTS - PCT SURV BALANCED AREAS PLACEMENT BAND 1953-2023 005 EXPERIENCE BAND 2020-2023 SURVIVOR RESID RANGE OF SURVIVOR RESID RANGE OF CURVE MEAS F...

AI summary The text presents a summary of curve fitting results for Account 359.00, which relates to roads, trails, and bridges. It includes data from 1953 to 2023 and references a segment between 85.0 and 15.0 percent surviving.

ORIGINAL LIFE TABLE, CONT. AVG AGE RET 51.3 PLACEMENT BAND 1929-2023 005 EXPERIENCE ANALYSIS EXPERIENCE BAND 2020-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO P...

AI summary The text presents an original life table continuation with data on average age at retirement, exposure, retirements, and survival rates across various age intervals. It includes statistical analysis of experience bands from 2020 to 2023 and provides detailed percentages of survival at the beginning of each interval.

ACCOUNT 369.00 SERVICES AVG AGE RET 32.8 PLACEMENT BAND 1929-2023 002 EXPERIENCE ANALYSIS EXPERIENCE BAND 1990-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO PCT...

AI summary This section presents an experience analysis table for Account 369.00 Services, showing exposure data, retirements, and survival rates across various age intervals from 0.0 to 38.5. The data reflects exposure at the beginning of each interval, retirements during the interval, and survival percentages.

ACCOUNT 369.00 SERVICES AVG AGE RET 33.8 PLACEMENT BAND 1944-2023 003 EXPERIENCE ANALYSIS EXPERIENCE BAND 2004-2023 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO PCT...

AI summary The text presents a detailed experience analysis table with data on exposures, retirements, and survival ratios across different age intervals. It includes statistics such as average age, retirement ratios, and survival percentages, covering a timeframe from 2004 to 2023.

poles? - They're currently using penta although the federal government mandated they couldn't use this anymore - They have until October 2026 to fully stop using penta poles - CCA is now used - DCOI is a preservative also being used - o An...

AI summary The document discusses the use of treated and untreated wood poles, preservation methods such as CCA and DCOI, and the projected service life extensions from treatments. It also covers the types of overhead conductors used, their retirement causes, and outsourcing of transmission work by NSPI.

3.1 Policy To confirm its commitment to Asset Management, NS Power approved and issued its Asset Management Policy in 2024. The policy is used to communicate the Asset Management approach to the wider organization as well as other stakehol...

AI summary NS Power confirmed its commitment to Asset Management by approving and issuing its Asset Management Policy in 2024. The policy outlines core principles such as balancing risk and affordability, organizational support for asset management, treating data as an asset, and integrating asset management with other functions.

4.3 Risks to the achievement of objectives As with all organizations, there are risks to the achievement of both Organizational objectives and Asset Management objectives. - Human Resources and Competency Ensuring that competent resources...

AI summary The section outlines risks to achieving organizational and asset management objectives, including challenges with human resources, aging assets, affordability, and regulatory changes like the Energy Reform Act, which will impact NS Power's structure and operations.

C page 48. N-23 (C) – NSPI Responses to GT Information Requests – IR-45 Attachment 1. 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 - Administration The decrease of approximately $6.1 million from 20...

AI summary The document outlines a $6.1 million decrease in Administration costs from 2024A to 2026F, primarily due to a $5 million reduction in 2026 per the GRA Settlement Agreement and offsetting storm response expenses in 2024.

16 5.3.1 Grants in lieu of property taxes In accordance with the Financial Measures (2003) Act, NS Power is required to increase grants in lieu of property tax payments by the average annual CPI for Canada for the previous calendar year. T...

AI summary NS Power is required to increase grants in lieu of property taxes by the average annual CPI for Canada, based on a forecast from the Conference Board of Canada. The increase does not exactly align with the escalation rates due to a timing difference in payments.

ORIGINAL LIFE TABLE PLACEMENT BAND 1960-2019 EXPERIENCE BAND 1993-2020 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO PCT SURV BEGIN OF INTERVAL 0.0 0.5 1.5 2.5 3.5 4....

AI summary The text presents an original life table containing data on exposures, retirements, and survival ratios across different age intervals from 1960 to 2019 and 1993 to 2020. It includes statistical metrics such as retirement ratios, survival ratios, and percentages of survival at the beginning of each interval.

ORIGINAL LIFE TABLE, CONT. PLACEMENT BAND 1960-2019 EXPERIENCE BAND 1993-2020 AGE AT BEGIN OF INTERVAL EXPOSURES AT BEGINNING OF AGE INTERVAL RETIREMENTS DURING AGE INTERVAL RETMT RATIO SURV RATIO PCT SURV BEGIN OF INTERVAL 39.5 40.5 41.5...

AI summary The document presents a continuation of the original life table, showing exposure data, retirements, and survival ratios across different age intervals from 1960 to 2019 and 1993 to 2020. The table includes metrics such as exposures, retirements during age intervals, retirement ratios, and survival ratios.

onsequences. Customers are not given time to absorb one increase before the next one arrives. The result is ongoing uncertainty, repeated rate shock, and an erosion of trust in the electricity system. Throughout 2025, Nova Scotians have de...

AI summary The document highlights ongoing issues with Nova Scotia Power, including frequent rate increases, cybersecurity breaches, billing inaccuracies, and service reliability problems. Customers face financial shocks and distrust due to these issues, while coal reliance continues despite regulatory requirements to phase it out.

Nova Scotia Power 2026 General Rate Application Hearing M12451 January 7, 2026 CHECK AGAINST DELIVERY Mr. Chair, members of the Board, thank you for the opportunity to appear before you today to speak about Nova Scotia Power's General Rate...

AI summary The Nova Scotia Liberal Caucus opposes Nova Scotia Power's 8% rate increase over two years, citing unsustainable costs for residents and businesses. They argue that repeated rate increases have placed undue financial pressure on Nova Scotians, with consequences such as missed rent payments and difficult choices between heating and groceries.

January 5, 2026 Crystal Henwood Clerk of the Board Nova Scotia Energy Board 1601 Lower Water Street, 3rd Floor Halifax, NS B3J 3S3 Re: M12451 2026-2027 General Rate Application (GRA) - Opening Statement Dear Ms. Henwood: Please see attache...

AI summary Nova Scotia Power's opening statement for the 2026-2027 General Rate Application outlines their commitment to providing reliable electricity service, managing costs, and addressing climate goals while acknowledging the challenges posed by inflation and affordability issues.

next phase of Nova Scotia's energy transformation will be complex and is made even more challenging given the current inflationary pressures and the affordability challenge facing many Nova Scotians. The cyber attack also presents a challe...

AI summary Nova Scotia's energy transformation faces challenges due to inflation and affordability issues, compounded by a recent cyber attack. Nova Scotia Power assures the Board that the GRA does not include cyber attack costs and emphasizes efforts to avoid rate increases, including financial arrangements and projects like the Maritime Link and Battery Energy Storage System.

BEFORE THE Nova Scotia Energy Board IN THE MATTER OF THE PUBLIC UTILITIES ACT - and - IN THE MATTER OF A GENERAL RATE APPLICATION by NOVA SCOTIA POWER INCORPORATED for approval of certain revisions to its Rates, Charges and Regulations Gen...

AI summary The Affordable Energy Coalition highlights Nova Scotia's high energy poverty rate, with 43% of households spending over 6% of their income on energy. They argue that energy access is a human right and that low-income families face difficult choices between essentials like food and heating. The Coalition raises four concerns regarding Nova Scotia Power's General Rate Application.

1. Affordability: Low-Income Households require support to survive a rate hike The issue of affordability most affects low-and-modest-income households. They are the ones who face disconnection most often, and who most often must choose am...

AI summary The document highlights the affordability challenges faced by low-and-modest-income households in Nova Scotia due to rising energy costs. It references Ontario's Electricity Support Program and recommends the adoption of a similar Home Energy Affordability Program in Nova Scotia. The program includes on-bill credits, arrears management, and energy efficiency initiatives. Despite recommendations from the Energy Poverty Task Force, the government has not acted on this proposal.

2. Affordability: Reducing excessive profits in the face of widespread energy poverty Public regulation of a private monopoly is based on ensuring rates earn enough money to pay the "cost of service" while preventing excessive spending and...

AI summary The document discusses the need to reduce excessive profits by adjusting the Return on Equity (ROE) cap for Nova Scotia Power (NS Power) to address energy poverty. It highlights the financial stability of Emera, NS Power's parent company, and cites Dr. Sean Cleary's recommendation of a 7.6% ROE cap as a more appropriate rate.

3. Energy Transition: The transition to zero-carbon energy is momentous and necessary We are amidst the biggest energy-system transformation since NS Power's beginnings. In the zero-carbon future, we will waste much less energy, and the en...

AI summary The transition to zero-carbon energy is essential for reducing climate change impacts and creating affordable energy services. Nova Scotia has made progress in energy efficiency but has slipped in rankings. The Board should increase investments in energy-efficiency retrofits, especially for low-income households, to reduce energy poverty and support economic opportunities from the net-zero transition.

Conclusion Although affordability is a consistent consideration related to all energy decisions, it is rare that those most impacted by rate increases are given the opportunity to share their very real experiences. The impact on lower-inco...

AI summary The conclusion emphasizes the importance of affordability in energy decisions, particularly for lower-income households in Nova Scotia. It highlights the need to address energy poverty and ensure that transitioning to efficient heating systems is accessible. The authors express commitment to participating in the hearing.

Regulatory advisory experience Since 2012, Angie has advised regulatory bodies across Canada. Some examples include: - Board of Commissioners of Public Utilities Newfoundland & Labrador – Financial consultant including: - − Review of GRA f...

AI summary Angie has extensive regulatory advisory experience since 2012, working with various regulatory bodies across Canada, including reviews of rate applications, forensic audits, and regulatory consulting services related to energy and utility matters.

, OCC recommends use of the basic customer method rather than UI's minimum system study, and that the Authority require UI to create a more comprehensive proposal for an opt-out time-varying rate. Id. DEEP participated in this proceeding b...

AI summary The document outlines the positions of various parties in a regulatory proceeding. OCC recommends a basic customer method and a more comprehensive opt-out time-varying rate proposal. DEEP recommends maintaining an ROE adjustment due to UI's failure to remediate English Station and suggests improving customer understanding of time-varying rates. OAG opposes UI's rate hike, citing unaffordability and failure to meet evidentiary burdens, and recommends disallowing certain costs and maintaining an ROE penalty.

F. PUBLIC COMMENT The Authority held two in-person public comment hearings and one virtual public comment hearing. UI presented a PowerPoint explaining its request at the start of each session before the admission of any public comment. Th...

AI summary The Authority held public comment hearings regarding a rate increase request by UI. Attendees included members of the public, state agency staff, and UI staff. Concerns were raised about the environmental impact, affordability for seniors, the electric buyback program, and high energy costs. Some attendees opposed the rate increase, while others supported it for infrastructure maintenance.

1. Summary The Company proposes regulatory liabilities with a total rate year average of $92,304,872 (($103,985,756 + $80,623,985) / 2) to reduce the Company's rate base. Late Filed Ex. 1, Att. 2 Supp.; Sch. B-1.0; Sch. B-8.0; Sch. WP C-3....

AI summary The Company proposes regulatory liabilities of $92,304,872 to reduce its rate base, but the Authority approves a lower amount of $29,918,723, treating certain costs as O&M expenses and amortizing them outside the rate base, including storm reserve, OPEB deferral, pension liabilities, and fee-free program deferral. The Authority also considers the $14,700,000 bad debt reserve as an offset to the rate base.

G. PREPAID EXPENSES UI proposed and included in rate base a Rate Year average balance of $4,485,635 for prepaid expenses or prepayments, which includes $2,581,320 for prepaid software maintenance costs as well as costs related to the PURA...

AI summary The document discusses the inclusion of prepaid expenses in the rate base, including $4,485,635 proposed by UI, with specific amounts for software maintenance and the PURA Assessment. The Authority disallows part of these expenses, approving $2,804,764 and rejecting $1,680,871, citing overlaps and uncollectible expenses.

4. Regulatory Asset/Liability Related Adjustments The Company reports deferred income tax (DIT) asset balances related to regulatory assets and liabilities of $649,895 as of October 31, 2025, and $3,561,820 as of October 31, 2026. Late Fil...

AI summary The document discusses adjustments to the Company's deferred income tax (DIT) assets related to regulatory assets and liabilities, including reductions based on exclusions from rate base and changes in reserves. The Authority reduces the proposed ADIT by a calculated percentage, allowing a final amount of $308,067 in the average rate base.

2. Compliance with the Reliability Framework UI's Reliability Plan complies with the Reliability Framework requirements established by the Authority on August 31, 2022. See Decision, Aug. 31, 2022, Docket No. 17-12-03RE08, PURA Investigati...

AI summary UI's Reliability Plan complies with the Reliability Framework established by the Authority in 2022, which aims to maintain top-quartile reliability performance while minimizing ratepayer impact. The plan must include a 5% reliability improvement target if the proposed investment exceeds affordability thresholds based on historical spending adjusted for inflation.

The affordability analysis considers average 10-year capital spend of Baseline and Incremental program escalated by the GDP Deflator index to set the threshold. For purposes of the affordability analysis, UI excludes new customer connectio...

AI summary The affordability analysis uses the GDP Deflator index to set a threshold for capital expenditures, which UI's proposed investments fall under. However, UI argues that the Handy-Whitman Index is a more accurate reflection of utility costs, despite the GDP Deflator being used for normalization. The HW Index has shown higher inflation rates since 2021, particularly in distribution equipment.

Expense Requested ($) Adjustment ($) Approved ($) Active and Final Collections 237,748 (17,911) 219,837 Outsource Call Taking Vendor 910,055 - 910,055 Customer Experience and Communications 142,466 (8,251) 134,215 Contact Center Services 5...

AI summary The table outlines various expenses related to customer services, including amounts requested, adjustments made, and expenses approved. These expenses cover areas such as collections, call-taking vendors, customer experience, billing, and credit card fees.

us the maximum amount of points that could be awarded. Ex. UI-RRP-1, p. 18. In order to receive any incentive compensation, an employee must receive a "partial rating" of 10%. Interrog. Resp. OCC-129. The Company argues that its total comp...

AI summary The Company argues that its compensation package is below market levels and that removing incentive compensation would make it difficult to attract employees. OCC counters that the APA Plan's customer service goals may not align with customer interests and that the incentive structure may not effectively motivate employees.

vi. Caregiver – Bright Horizons The Company proposes $37,444 in a caregiver program expense in the Rate Year. Interrog. Resp. OCC-257. [88](#page-149-0) The Authority disallows recovery of the $37,444 caregiver expense as the Company has n...

AI summary The Company proposed $37,444 in caregiver program expenses, but the Authority disallowed recovery as the Company failed to demonstrate that the expense is reasonable or necessary for safe service or staffing. The Company provides subsidized caregiver benefits but lacks specific data supporting their necessity.

d. Annual Bonus The Authority does not permit the Company to recover $920,191 in annual bonus expenses allocated to UI in the Rate Year. The Company indicates that $2,390,106 in annual bonuses are included in its revenue requirement, which...

AI summary The Authority does not allow the Company to recover $920,191 in annual bonus expenses related to its Annual Performance Award (APA) Plan, as 38.5% of APA plan compensation aimed at shareholder objectives is not recoverable.

ty approves this amount to better equalize Company executive incentives to benefit key stakeholders, including customers, employees, and shareholders. The Company's Executive Variable Pay (EVP) Plan's objectives for ASC and Avangrid Networ...

AI summary The Authority reduces the recoverable amount of total executive compensation by 25% to better balance Company executive accountability between customers and shareholders. The current Executive Variable Pay Plan has only 25% of its objectives benefiting customers, with the majority focused on financial and economic goals that benefit shareholders.

d. Membership Dues and Association Fees The Company proposes $239,398 in membership dues and association fee expenses for the Rate Year, which is the Company's $365,068 Test Year industry dues expense, a ($355,454) pro forma adjustment to...

AI summary The Company proposed $239,398 in membership dues and association fees for the Rate Year, but the Authority disallowed expenses related to EPRI and JD Power memberships. Only $9,614 in such expenses was permitted for recovery, citing General Statutes § 16-243gg(a), which prohibits recovery of costs related to trade associations.

Table 56: Approved Annual Amortization Expense (Deferral and Interim Period) Approved Balance, Nov. 1, 2025 ($) Allowed Carrying Costs ($) Total Deferred Amounts Amortized ($) Proposed Annual Amortization ($) Adjustment ($) Allowed Annual...

AI summary Table 56 presents the approved annual amortization expense for various items, including pension, OPEB, storm-related costs, and others, with details on balance, carrying costs, amortized amounts, and adjustments. It outlines the financial implications of deferral and interim periods.

c. OPEB The Authority approves an OPEB credit of ($1,175,847), which is to be amortized over a three-year period, resulting in a Rate Year credit of ($391,949). The Company reported a $1,576,130 deferred OPEB liability accrued as of August...

AI summary The Authority approves an OPEB credit of $1,175,847 to be amortized over three years, resulting in a Rate Year credit of $391,949. This follows the Company's reported deferred OPEB liability of $1,263,859 as of October 31, 2025, and adjustments made to remove $200,322 in net carrying credits.

. 1. The documentation the Company provided reflects the employees involved, the dates and number of overtime hours worked, and the associated costs. The Authority permits $477,359 in overtime costs. The Company also submitted invoices and...

AI summary The Company submitted documentation for overtime costs and vendor expenses related to a flooding event, with the Authority approving $477,359 in overtime costs. However, the Authority could not verify some costs submitted by Tempest Energy, LLC due to missing timesheets. The Authority required detailed contractor timesheets following Tropical Storm Isaias, which the Company implemented in 2022.

Category Amount ($) Storm Accrual, August 2022 – October 2025 (4,333,333) Carrying Costs, August 2022 – October 2025 (374,911) Total Storm Accrual Balance, October 31, 2025 (4,708,244) See Interrog. Resp. EOE-249 Supp. 2, Att. 2, p. 2.

AI summary The text presents financial figures related to storm accrual and carrying costs from August 2022 to October 2025, with a total storm accrual balance of $4,708,244 as of October 31, 2025. A reference is made to an attachment in a regulatory proceeding document.

Category Amount ($) Storm Costs, August 2021 – December 2024105 2,555,252 Mutual Aid Reimbursements, September 2023 – December 2024 (1,881,623) Authority Deferred Storm Cost Adjustments (135,172) Actual Balance, October 31, 2025 538,457 Se...

AI summary The text presents a table with financial figures related to storm costs, mutual aid reimbursements, and deferred storm cost adjustments, ending with an actual balance as of October 31, 2025. It references an attachment from a regulatory proceeding.

A. LEGAL STANDARD The Authority is statutorily charged with regulating the rates of Connecticut's public service companies and UI is a public service company within the meaning of General Statutes § 16-1. General Statutes § 16-19. Conseque...

AI summary This section outlines the legal framework for rate regulation in Connecticut, emphasizing the Authority's duty to ensure rates are just, reasonable, and adequate while promoting revenue stability and equitable distribution. The Authority uses principles such as cost causation, rate class equalization, and gradualism to avoid sudden rate shocks and undue burdens on low-income customers.

tomers in different rate classes to respond to price signals when designing rates, this concern is addressed by the Authority's directive not to differentiate distribution charges for near-term rates. The Company indicated that its custome...

AI summary The document discusses the importance of implementing time-of-use (TOU) rates to ensure cost-reflective pricing for customers, addressing concerns about flat volumetric rates masking true price signals. The Company notes consumer preference for opt-in rates, but the Authority emphasizes the need for opt-out rates to promote long-term affordability and efficient distribution system investments. The proposed end-state rates lack sufficient price differentials, which may hinder behavioral change and reinforce undesirable consumption patterns.

3. Special Contract Policy The Authority approves UI's proposed special contract policy, with modification, and finds that, as modified, the policy meets the just and reasonable standard, providing sufficient flexibility while limiting the...

AI summary The Authority approves United Illuminating's special contract policy with modifications, ensuring it meets the just and reasonable standard. The policy outlines customer eligibility, bill discount components, and a price floor. CIEC recommended several changes, including adjusting discount thresholds, expanding eligibility, and clarifying local commerce restrictions.

5. Late Payment Charges The Company collects a late payment charge (LPC) or interest fee of 1.25% per month for residential and non-residential customers for bills not fully paid within 28 days. Application, Sch. E-1.0, pp. 23–24; see Deci...

AI summary The Company collects a late payment charge (LPC) of 1.25% per month for customers who do not fully pay their bills within 28 days. Due to the pandemic, LPCs were suspended in March 2020 and partially resumed in October 2022, with further adjustments made in May 2023. The Authority has not modified the LPC practices but requires the Company to file relevant data in annual energy affordability reviews.

6. Collections Process The Company's current collection policies comply with applicable regulations. See Conn. Agencies Regs. § 16-3-100. The Authority notes, however, that the Company's collections practices have been the subject of scrut...

AI summary The Company's current collection policies comply with regulations but have faced scrutiny in past proceedings. The Authority allowed resumption of legal collections for customers above 75% of the State Median Income in November 2024, though no legal collections firm has been contracted yet.

actions is a laudable undertaking, which the Authority supports, more is required to ensure satisfactory service to all customers, and especially those in need of energy assistance. [143](#page-259-0) Ultimately, though, the most recent ca...

AI summary The Authority acknowledges improvements in customer service performance by Alorica compared to the previous vendor, iQor, but emphasizes the need for continued improvement, especially for customers requiring energy assistance. The Authority will monitor performance in future rate and affordability proceedings.

2. Standard Operating Procedures Revision Lag The Authority previously identified a significant lag in the Company's updates of the Standard Operating Procedures (SOPs). 22-08-08 Decision, p. 278. Specifically, the SOPs had not been update...

AI summary The Authority identified a lag in the Company's updates to its Standard Operating Procedures (SOPs), which failed to reflect recent statutory and Authority directives on energy affordability and customer service. The Company claims to have complied, but errors in the SOPs were identified, leading to additional modifications. The Authority stresses the need for accurate and up-to-date SOPs and will continue reviewing them in future proceedings.

4. EOE Recommendations for Customer Service EOE identified two opportunities for the enhancement of the Company's customer service and energy assistance offerings. EOE Brief, pp. 32-33. First, EOE highlighted the Company's considered modif...

AI summary The EOE recommends enhancing the Company's customer service by allowing customers to upload income verification documents online and receiving confirmation, as well as sending email reminders to pre-qualified financial hardship customers. The Authority agrees and requires the Company to submit a detailed implementation proposal by June 1, 2026, as part of its annual Arrearage Forgiveness Plan filing.

- 10. No later than June 1, 2026, as part of the Company's annual Arrearage Forgiveness Plan filing in Docket No. 26-05-01, the Company shall file a detailed implementation proposal that incorporates (1) modifications to the online custome...

AI summary The document outlines several regulatory orders for the Company, including requirements to modify its online portal and customer communication procedures for financial hardship programs, regular reporting on employee transfers, handling overcollections if no rate amendment is filed, and submitting ESG-related data in its next rate amendment application.

8 Q. IS THIS PROCESS TYPICAL? 9 A. No. It is very unusual. Normally, if aged data is not available, semi-actuarial analyses 10 utilizing the SPR process is the industry standard. Unfortunately, Gannett Fleming 11 used the SPR analysis only...

AI summary The process described is not typical. Normally, semi-actuarial analyses using the SPR process are the industry standard when aged data is not available. However, Gannett Fleming only used the SPR analysis for an indication of the selected Iowa Survivor curve in its Computed Mortality analysis.

23 Q. IS THE PROCESS OF MATCHING AN OBSERVED LIFE TABLE WITH 24 STANDARD IOWA CURVES A SITUATION WHERE ALL POINTS IN THE 25 CURVE-FITTING PROCESS ARE GIVEN EQUAL WEIGHT? 26 A. No. Both the Company and I recognize that the dollar level of e...

AI summary The process of matching an observed life table with standard Iowa curves does not give equal weight to all points in the curve-fitting process. The dollar level of exposures in different age intervals significantly affects the significance given to each point, with higher exposures requiring greater attention.

UTILITY RATE PROCEEDINGS IN WHICH TESTIMONY HAS BEEN PRESENTED BY JACOB POUS ALASKA Public Service Company of Oklahoma Public Service Company of Oklahoma Public Service Company of Oklahoma Public Service Company of Oklahoma Public Service...

AI summary The document lists utility rate proceedings in which Jacob Pous has provided testimony, including various cases involving Public Service Company of Oklahoma and other entities, with references to cost recovery, stranded costs, and related financial terms.

ere around 3%, but alternative core measures were around 2½%. So while our core measures were all telling us that underlying inflation had risen, they were giving us mixed signals on its actual level. Beyond core inflation, measures that t...

AI summary The analysis of underlying inflation indicates that while core measures suggest inflation has risen, they provide mixed signals on its actual level. The distribution of inflation rates across the CPI basket shows a tilt to the right, with more components growing faster than 3%. The removal of the consumer carbon tax in April 2025 temporarily decreased the CPI by 0.6%. Overall, underlying inflationary pressures are estimated to be between 1.9% and 3%, with most indicators pointing to around 2½%.

Submissions OEB staff submitted that the approach to setting the cost of capital parameters and capital structure should not depend on a utility's ownership and the source of funds. OEB staff noted that its view is consistent with the view...

AI summary The OEB, OEA, and EDA argue that the cost of capital and capital structure should not vary by ownership type, emphasizing consistency with the FRS and the use of funds over source. AMPCO/IGUA and CCMBC, along with Energy Probe, challenge this, stating that municipally owned utilities face different financial realities and should be treated differently due to their lack of competition in capital markets and differing levels of protection.

Findings The flotation cost adder of 50 basis points currently added to the ROE presents several difficulties in addressing costs attributed to have been incurred by Ontario utilities for maintaining equity. The adder is meant to recognize...

AI summary The flotation cost adder of 50 basis points added to the ROE faces challenges in addressing costs incurred by Ontario utilities. The adder is intended to cover expenses like underwriting fees, but few utilities rely on public equity markets. The 2009 Report lacks information on the derivation of the 50 basis point figure, and Nexus argues the adder should remain in perpetuity due to amortization over infinity, despite no evidence of initial scrutiny.

Expert Report Proposals LEI suggested that the OEB needs to determine if the risk profile of the transition to cloud computing solutions warrants an additional risk premium over and above the carrying charges for DVAs (i.e., a higher rate...

AI summary LEI and Concentric recommend that the OEB apply a deemed WACC to cloud computing deferral accounts to align incentives for utilities transitioning to cloud solutions. They argue that treating cloud computing as capitalized IT systems will prevent disincentivizing utilities from pursuing cost-effective solutions. Nexus and Dr. Cleary did not comment on this issue.

Selected other work Client Issue Date International Arbitration (various) Damages 2021–2024 Nebraska Public Service Commission Advisor 2020, 2025 Ontario Power Generation Construction Cost Estimation 2020–2021 Nova Scotia Utility and Revie...

AI summary This section presents a list of various legal and regulatory engagements involving different clients and issues across multiple jurisdictions, including arbitration, utility regulation, and financial assessments, spanning from 2000 to 2025.

PUBLICATIONS Napoleon, A., C. Palmer, T. Nguyen, E. Carlson, A. Zeng. 2025. Energy Affordability in Washington, DC . Synapse Energy Economics for the Office of the People's Counsel for the District of Columbia. Yuang, C., M. Whited, T. Ngu...

AI summary The text lists several publications related to energy affordability, utility engagement, and electricity rate efficiency. These publications were authored by various individuals and organizations, including Synapse Energy Economics and the World Wildlife Fund, and focus on energy policy and electrification.

Collection Collection efforts are conducted to recover accounts receivable, and manage the exposure to bad debts. Collection costs could be allocated based on historical tracking of collection efforts by customer group, or alternatively th...

AI summary The text discusses collection efforts aimed at recovering accounts receivable and managing bad debt exposure. It explores two approaches for allocating collection costs: one based on historical tracking by customer group, and another aligned with bad debt expenses, though the latter may not fully reflect actual collection costs incurred.

10.1 Background The 2006 EDR Handbook (see section 10.2) defines scattered unmetered loads as a group of accounts that are not specifically metered. This group consists of bus shelters, telephone booths, CATV amplifiers, traffic signal lig...

AI summary The document discusses the billing of scattered unmetered loads, such as bus shelters and traffic signals, which are typically not metered due to low consumption. There is inconsistency among utilities in how these loads are billed, leading to customer concerns. An interim solution was implemented in 2006, adjusting the monthly service charge to 50% of the GS<50 kW rate for these loads.

Issue 7) Meter Accuracy. The Working Group recommended that the individual customer metering to be installed for load data research purposes be within plus/minus 1% accuracy. The Board accepts this recommendation. It should be noted that t...

AI summary The Board accepts the Working Group's recommendation that individual customer meters for load data research should be within ±1% accuracy. However, it does not mandate the use of Measurement Canada approved meters for this purpose, emphasizing that interval meters should not replace approved billing meters unless they are also approved for billing.

10.7.1 Background Late payment charges (Account #4225) include the amounts of discounts forfeited or additional charges imposed because of the failure of customers to pay their electricity bills on or before a specified date. Collection ex...

AI summary Late payment charges and collection expenses are discussed in terms of their allocation based on rate classifications. A stakeholder suggested a common approach for both costs, but further data is needed. The allocator for collection expenses is the weighted number of bills, except for embedded distributors. Late payment charges should be allocated based on the three-year average of revenues by rate classification.

The following outlines the resulting numbers of customers using the various asset groupings, for Example 3: Class Bulk Primary Secondary 1855 Services 1860 Meters 1565 Conservation and Demand Management Expenditures and Recoveries 5065 Met...

AI summary The text presents a table outlining various customer classes and associated costs, including meter expenses, maintenance, billing, and infrastructure-related expenditures, categorized under different asset groupings such as primary and secondary networks.

FOR THE YEAR ENDING DECEMBER 31, 2026 (IN THOUSANDS OF DOLLARS) (1) TOTAL EXPENSES (2) PROD. EXPENSES (3) TRANS. EXPENSES (4) DIST. EXPENSES (5) RETAIL EXPENSES (6) DIRECT EXPENSES (7) ALLOCATION FACTOR (1) REGULATORY AFFAIRS (2) Advocacy...

AI summary The document presents a detailed breakdown of expenses for the year ending December 31, 2026, categorized into various expense types such as regulatory affairs, finance group, enterprise services, and human resources. The table includes total expenses, production expenses, transportation expenses, distribution expenses, retail expenses, and direct expenses, along with allocation factors for each category.

FOR THE YEAR ENDING DECEMBER 31, 2026 (1) TOTAL (2) PROD. (3) TRANS. (4) DIST. (5) RETAIL (6) DIRECT (7) (24) CORP. SECRETARY (25) LEGAL SERVICES 0 1,882 11,405 3,161 11,405.2 5,043.0 - 0.373 8,005 3,744 1,753 368 1,062 853 585 78 11,405.2...

AI summary The document presents a detailed breakdown of various departments and their associated costs for the year ending December 31, 2026. It includes figures related to corporate secretary, legal services, external relations, regulatory affairs, finance, procurement, IT, human resources, and generation services.

(13) (8) Demand Usage Annual Credit Amount Calculation (9) Winter Month kW Coincident Demand Power Factor Adjustment Winter Month kVA Coincident Demand Sum of 12 Month kVA Demands LIR Int Credit ($/kVA) Base Amount % Premium For Priority I...

AI summary The text presents a table related to demand usage and annual credit amount calculations, including details on winter month demand, power factor adjustments, and priority interruption premiums. It also references the Power House Program (PHP) and includes a section on priority interruption demand adjustment calculations.

EXHIBIT 8B PAGE 1 OF 3 (1) TOTAL (2) (3) SMALL (4) (5) GENERAL (6) SMALL (7) MEDIUM (8) LARGE (9) (10) (11) (12) ALLOCATION (31) CUSTOMER - RETAIL PLANT (32) % RESPONSIBILITY $708,039 100.00% $632,545 89.34% $36,255 5.12% $23,530 3.32% $46...

AI summary The exhibit presents a detailed breakdown of customer responsibility percentages and dollar amounts across various categories, including retail plant, demand (generation, high voltage, extra high voltage, and distribution non-streetlight), with allocation references for each category.

REVENUE TO EXPENSE COMPARISON (1) (2) (3) (4) (5) (6) (7) (190) ELECTRICAL WIRING INSPECTIONS - FIELD (191) METER SERVICES - INSPECTORS 4,654.9 - 7,736 16.3% 0.0% 6,968,071 - (192) BAD DEBT EXPENSE (193) Total 5,012.9 15,047.3 17.5% 52.6%...

AI summary The document provides a revenue-to-expense comparison for various categories including electrical wiring inspections, bad debt expenses, customer service, and regulatory affairs. It outlines expenses and their distribution across different years and includes regulatory affairs annual costs and other financial details.

/͘ /^>/DZ dŚŝƐƌĞƉŽƌƚŝƐƉƌĞƉĂƌĞĚ ĨŽƌEŽǀĂ^ĐŽƚŝĂWŽǁĞƌ/ŶĐ͘ ;ƚŚĞ͞ůŝĞŶƚ͟ͿďLJ :͘͘zĂƚĞƐŶŐŝŶĞĞƌŝŶŐ>ŝŵŝƚĞĚ ;ƚŚĞ ͞ŽŶƐƵůƚĂŶƚ͟ͿĂŶĚŝƐƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͕ƋƵĂůŝĨŝĐĂƚŝŽŶƐĂŶĚĚŝƐĐůĂŝŵĞƌƐ͗ - ϭ͘Ϳ dŚŝƐƌĞƉŽƌƚŝƐƉƌĞƉĂƌĞĚƐŽůĞůLJĨŽƌƚŚĞĞdžĐůƵƐŝǀĞƵƐĞŽĨƚŚĞů...

AI summary The document discusses regulatory issues related to energy efficiency, cost recovery, and stakeholder engagement in Nova Scotia. It addresses topics such as fuel-cost-adjustment mechanisms, demand-side management, and the integration of renewable energy resources. The proceedings involve considerations of affordability, program evaluation, and stakeholder participation in regulatory decisions.

ϭ͘ /ŶƚƌŽĚƵĐƚŝŽŶ dŚĞ ĨŽůůŽǁŝŶŐ ƉĂŐĞƐ ĂŶĚ ĂƚƚĂĐŚŵĞŶƚƐ ƌĞƉƌĞƐĞŶƚ ĂŶ ĞƐƚŝŵĂƚĞ ŽĨ ĚĞŵŽůŝƚŝŽŶ ĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ĐŽŶĐĞƉƚƵĂůƉŽǁĞƌŚŽƵƐĞĚĞĐŽŵŵŝƐƐŝŽŶŝŶŐƉůĂŶƐĨŽƌĞĂĐŚŽĨE^W/͛ƐϯϭŝĚĞŶƚŝĨŝĞĚŚLJĚƌŽƐŝƚĞƐ;ĞdžĐĞƉƚƚŚĞ ,ĂƌŵŽŶLJĞǀĞůŽƉŵĞŶƚ͕ǁŚŝĐŚŚĂƐĂůƌĞĂĚLJďĞĞŶ...

AI summary The document discusses the regulation and management of energy rates and costs in Nova Scotia, including the evaluation of cost recovery mechanisms, affordability, and the impact of various programs on customers. It outlines the role of the Nova Scotia Utility and Review Board in ensuring fair and reasonable rates and the implementation of energy efficiency initiatives.

ǀŽŶEŽ͘ϮĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚŝŶĂďŽƵƚϭϵϮϵ͕ǀŽŶEŽ͘ϮŝƐ ĨĞĚ ǀŝĂ Ă ĚŝǀĞƌƐŝŽŶ ĚĂŵ ;&ĂůůƐ ĂŵͿ Ăƚ &ĂůůƐ >ĂŬĞ͕ Ă ƉŽǁĞƌ ĐĂŶĂů ĂŶĚ Ă ƐƚĞĞů ƉĞŶƐƚŽĐŬ͕ ĂŶĚ ŚĂƐ Ă ƐŝŶŐůĞ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚŐĞŶĞƌĂƚŝŶŐƵŶŝƚǁŝƚŚĂĐĂƉĂĐŝƚLJ ŽĨ ĂďŽƵƚ ϯ͘Ϭ Dt͕ ƐŽƵƌĐĞĚ ĨƌŽŵ ĂƉƉƌŽdžŝŵ...

AI summary The document discusses the NSURB's proceedings concerning the 2020 rate proceeding, including the fuel-cost-adjustment mechanism, the impact of base rates lagging actual costs, and the evaluation of the DSM Plan. The proceedings involve Nova Scotia Power (NSP) and focus on cost recovery, affordability, and energy efficiency programs.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ĞůŝǀĞƌŽƌƐĞůůƐƚŽĐŬƉŝůĞĚƐĂůǀĂŐĞŵĂƚĞƌŝĂů͘ůĂƌŐĞĐƌĂŶĞǁŝůůďĞƌĞƋƵŝƌĞĚƚŽŵŽǀĞƚŚŝƐŵĂƚĞƌŝĂůƚŽƚŚĞĞĂƐƚ ƐŝĚĞŽĨƚŚĞƌŝǀĞƌƐŽƚŚĂƚŝƚĐĂŶďĞƚƌĂŶƐƉŽƌƚĞĚƚŽŵĂƌŬĞƚ͘ -...

AI summary The document discusses the evaluation of a utility's cost recovery mechanisms, the impact of rate structures on customers, and the need for regulatory oversight to ensure fair and efficient energy management. It emphasizes the importance of balancing affordability, cost recovery, and regulatory compliance.

ϯ͘ ůĂĐŬZŝǀĞƌ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞ ůĂĐŬ ZŝǀĞƌ ,LJĚƌŽ 'ĞŶĞƌĂƚŝŶŐ ^LJƐƚĞŵ͕ ůŽĐĂƚĞĚ ŽŶ ƚŚĞ ůĂĐŬ ZŝǀĞƌ ĂŶĚ 'ĂƐƉĞƌĞĂƵ ZŝǀĞƌ͕ ŝŶ ƚŚĞ 'ĂƐƉĞƌĞĂƵ sĂůůĞLJ ƐŽƵƚŚ ŽĨ tŽůĨǀŝůůĞ ŝŶ <ŝŶŐƐ ŽƵŶƚLJ͕ EŽǀĂ ^ĐŽƚŝĂ ŝƐ ĐŽŵƉƌŝƐĞĚ ŽĨ ĨŝǀĞ ,LJĚƌŽͲĞůĞĐƚƌŝĐ ŐĞŶĞƌĂƚ...

AI summary The document discusses the 'Affordable Multifamily Housing and Non-Profit Organizations (AMF) program' and its implications, including the need for affordability considerations and potential cost recovery mechanisms. It also references past regulatory proceedings and legislative frameworks relevant to energy and utility management in Nova Scotia.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ &ŽůůŽǁŝŶŐĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐĐĂƚĞŐŽƌŝnjĂƚŝŽŶƐĂƉƉůLJƚŽƚŚĞDĞƚŚĂůƐĨĂĐŝůŝƚLJ͗ - x /ŶƚĂŬĞůĂƐƐŝĨŝĐĂƚŝŽŶͲĂƚĞŐŽƌLJ͕ƉĞŶƐƚŽĐŬƉŝƉĞŝƐĞdžƉŽƐĞĚĂďŽǀĞŐƌŽƵŶĚ͖ - x...

AI summary The document outlines various regulatory considerations related to energy efficiency, affordability, and program implementation in Nova Scotia. It discusses the importance of fuel-cost-adjustment mechanisms, the role of demand-side management, and the need for equitable access to energy programs. It also highlights the challenges in implementing energy efficiency initiatives and the need for stakeholder engagement.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŝƐƉŽƐĂů ŽĨ ĐŽŶƐƚƌƵĐƚŝŽŶ ĂŶĚ ĚĞŵŽůŝƚŝŽŶ ĚĞďƌŝƐ ʹ ƚƌƵĐŬ ƐĞůĞĐƚĞĚ ŵĂƚĞƌŝĂů ƚŽ ŶŶĂƉŽůŝƐ Žƌ ,ĂůŝĨĂdž ĨŽƌ ĐŽŶƐƚƌƵĐƚŝŽŶĚĞďƌŝƐĚŝƐƉŽƐĂů͕ǁŚŝůĞƐƵŝƚĂďů...

AI summary The document discusses the implementation of energy efficiency programs, the evaluation of cost recovery mechanisms, and the impact of regulatory decisions on program design and customer affordability. It also highlights the need for stakeholder engagement and the importance of aligning program goals with broader policy objectives.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĨŝůƚĞƌƐ ĂŶĚ ƌĞůĂƚĞĚ ƉŝƉŝŶŐ͕ ƚŚƌŽƚƚůĞ ůŝŶŬĂŐĞ ĐŽŵƉŽŶĞŶƚƐ͕ ĞůĞĐƚƌŝĐĂů ĂŶĚ ĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ĐĂďůĞƐ ĂŶĚ ŵŝƐĐĞůůĂŶĞŽƵƐƐŵĂůůĞƌĞƋƵŝƉŵĞŶƚĂŶĚƉŝƉŝŶŐ͘ - x Z...

AI summary The text discusses regulatory issues related to energy efficiency programs, cost recovery mechanisms, and stakeholder engagement in Nova Scotia. It highlights the need for proper implementation of programs, evaluation of performance, and ensuring affordability and equity in energy services. Key topics include program evaluation, cost recovery, and stakeholder participation.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞĚƌĂĨƚƚƵďĞƐĚŝƐĐŚĂƌŐĞĨůŽǁĂůŵŽƐƚĚŝƌĞĐƚůLJŝŶƚŽƚŚĞůĂĐŬ ZŝǀĞƌ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶ...

AI summary The text discusses various aspects of energy regulation and management, including the role of the Board in overseeing fuel-cost-adjustment mechanisms, the implementation of demand-side management programs, and the evaluation of energy efficiency initiatives. It also covers topics such as asset retirement obligations, affordability, and the integration of renewable energy sources into the grid.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĨŝůƚĞƌƐ ĂŶĚ ƌĞůĂƚĞĚ ƉŝƉŝŶŐ͕ ƚŚƌŽƚƚůĞ ůŝŶŬĂŐĞ ĐŽŵƉŽŶĞŶƚƐ͕ ĞůĞĐƚƌŝĐĂů ĐŽŵŵƵŶŝĐĂƚŝŽŶ ĐĂďůĞƐ ĂŶĚ ŵŝƐĐĞůůĂŶĞŽƵƐƐŵĂůůĞƌĞƋƵŝƉŵĞŶƚƉŝƉŝŶŐ͘ - x ZĞŵŽǀĂůŽĨ...

AI summary The document outlines various regulatory and operational considerations related to energy efficiency programs, affordability, and stakeholder engagement. It discusses topics such as fuel-cost-adjustment mechanisms, demand-side management programs, and the importance of stakeholder participation in regulatory processes.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬͿ͕ƐŝůƚĨĞŶĐĞ͕Ɛŝůƚ ĐƵƌƚĂŝŶĂŶĚŽŝůŵ͘ - x ZĞŵŽǀĂůŽĨĂĐĐĞƐƐŝď...

AI summary The text discusses various aspects of regulatory proceedings, including energy efficiency programs, affordability, and stakeholder engagement. It addresses concerns about program effectiveness, stakeholder participation, and the need for transparent and equitable energy policies. Key themes include energy efficiency, affordability, and stakeholder involvement.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĂů ŽĨ ƐŵĂůůŵĂĐŚŝŶĞƌLJĂŶĚ ƚƵƌďŽŐĞŶĞƌĂƚŽƌŵĞĐŚĂŶŝĐĂůĂŶĚĞůĞĐƚƌŝĐĂů ĐŽŶƚƌŽůƐŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĐŽŵƉƌĞƐƐŽƌƐĂŶĚ ƚĂŶŬƐ͕ŐŽǀĞƌŶŽƌƐĂŶĚ...

AI summary The text discusses issues related to energy efficiency, regulatory processes, and cost recovery mechanisms within Nova Scotia's energy sector. It highlights concerns about fuel-cost-adjustment mechanisms, affordability, and the impact of energy efficiency programs on consumers and providers.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ &ŽůůŽǁŝŶŐĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐĐĂƚĞŐŽƌŝnjĂƚŝŽŶƐĂƉƉůLJƚŽƚŚĞǀŽŶEŽ͘ϮĨĂĐŝůŝƚLJ͗ - x /ŶƚĂŬĞůĂƐƐŝĨŝĐĂƚŝŽŶͲĂƚĞŐŽƌLJ͕ƉĞŶƐƚŽĐŬƉŝƉĞŝƐďƵƌŝĞĚďĞůŽǁŐƌŽƵŶĚ͖ - x ƌ...

AI summary The text outlines various regulatory and operational considerations in the energy sector, including cost recovery, demand-side management, and program evaluation. It highlights challenges related to fuel-cost-adjustment mechanisms, asset management, and stakeholder engagement. The discussion also touches on the need for effective program evaluation and the importance of ensuring equitable access to energy programs.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĂŶĚĐŽŶŶĞĐƚŝŽŶĨŽƌƚŚĞĐƌĂŶĞŵĂLJďĞƌĞƋƵŝƌĞĚ͘dŚŽƐĞĐŽŵƉŽŶĞŶƚƐĐĂŶƚŚĞŶďĞƐĞƚĂƐŝĚĞĂƐƌĞƋƵŝƌĞĚĨŽƌ ƐĂůǀĂŐĞĂŶĚĚŝƐƉŽƐĂůŽŶĐĞƚŚĞƌŽŽĨƐƚƌƵĐƚƵƌĞŝƐƌĞŵŽǀĞĚ͘ - x ZĞŵŽǀ...

AI summary The text discusses the need for regulatory actions to address issues in the energy sector, including fuel-cost-adjustment mechanisms, affordability, and the implementation of energy efficiency programs. It highlights concerns with current practices and the importance of aligning policies and programs with broader energy and environmental goals.

>ŽǁĞƌ>ĂŬĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ƚƚŚĞ>ŽǁĞƌ>ĂŬĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ;DĞƌƐĞLJEŽ͘ϯĂŶĚϰͿ͕ĂůƐŽĐŽŵƉůĞƚĞĚ ŝŶĂďŽƵƚϭϵϮϵ͕ŝŶĨůŽǁĨƌŽŵƚŚĞhƉƉĞƌ >ĂŬĞ&ĂůůƐƚĂŝůƌĂĐĞĐŚĂŶŶĞůŝƐĚŝǀĞƌƚĞĚ ĨƌŽŵƚŚĞŽƌŝŐŝŶĂůƌŝǀĞƌĂůŝŐŶŵĞŶƚƚŽĂ ƉŽǁĞƌ ĐĂŶĂů ĨŽƌĞďĂLJ ůŽĐĂƚĞĚ ĂƉƉƌŽdžŝŵĂƚĞůLJĂŚĂůĨŵŝůĞĞ...

AI summary This document discusses the Nova Scotia Power (NSP) rate proceeding, including the implementation of the asset retirement obligation (ARO) and the Energy Efficiency and Conservation Act (EECA). It covers the financial and operational impacts of these measures, such as cost recovery, affordability, and the evaluation of program effectiveness.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿ ůĂƐƐŝĨŝĐĂƚŝŽŶ ʹ ĂƚĞŐŽƌLJ ͕ Ă ůĞŶŐƚŚLJ ĐŽŶƐƚƌƵĐƚĞĚ ƚĂŝůƌĂĐĞ ĐŚĂŶŶĞů ǁŝůů ƌĞƋƵŝƌĞ ƌĞŵĞĚŝĂƚŝŽŶ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝ...

AI summary The document discusses various aspects of energy regulation and management, including the implementation of energy efficiency programs, cost recovery mechanisms, and stakeholder engagement. It highlights the importance of ensuring equitable access to energy and the need for effective program evaluation and compliance with regulatory standards.

ŝŐ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ƚ ƚŚĞ ŝŐ &ĂůůƐ ĞǀĞůŽƉŵĞŶƚ ;DĞƌƐĞLJ EŽ͘ ϱ ĂŶĚ ϲͿ͕ĂůƐŽ ĐŽŵƉůĞƚĞĚŝŶĂďŽƵƚ ϭϵϮϵ͕ŝŶĨůŽǁ ĨƌŽŵ>ŽǁĞƌ>ĂŬĞ&ĂůůƐƚĂŝůƌĂĐĞŝƐĐŽůůĞĐƚĞĚĂŶĚ ĚŝǀĞƌƚĞĚ ƚŽ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ŐĂƚĞĚ ŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌĞ ĂŶĚ ƚƵƌďŽ ŐĞŶĞƌĂƚŽƌƐ ĂŶĚ ƚŽ ƚŚĞ ĂƉƉƌŽdžŝŵĂƚĞůLJϭ...

AI summary The document discusses the 1929 Nova Scotia Power Rate Schedule (DGM E. 5 and 6), highlighting the implementation of a fuel-cost-adjustment mechanism and its impact on rate structures. It also outlines the 2020 fuel-cost-adjustment mechanism and its implications for rate design and affordability.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿ ůĂƐƐŝĨŝĐĂƚŝŽŶ ʹ ĂƚĞŐŽƌLJ ͕ Ă ůĞŶŐƚŚLJ ĐŽŶƐƚƌƵĐƚĞĚ ƚĂŝůƌĂĐĞ ĐŚĂŶŶĞů ǁŝůů ƌĞƋƵŝƌĞ ƌĞŵĞĚŝĂƚŝŽŶ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝ...

AI summary The text outlines various issues and considerations within a regulatory proceeding, including the evaluation of energy efficiency and conservation mechanisms, the impact of fuel-cost-adjustment mechanisms, and the discussion of cost-recovery and affordability concerns. It also touches on the need for stakeholder engagement and the evaluation of programs and policies.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŝƐƉŽƐĂůŽĨĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚĚĞŵŽůŝƚŝŽŶĚĞďƌŝƐʹƚƌƵĐŬƐĞůĞĐƚĞĚŵĂƚĞƌŝĂůƐ ƚŽĂĚĞƐŝŐŶĂƚĞĚĐŽŶƐƚƌƵĐƚŝŽŶ ĚĞďƌŝƐĚŝƐƉŽƐĂůĨĂĐŝůŝƚLJ͕ǁŚŝůĞƐƵŝƚĂďůĞŽƚŚĞƌŵĂƚĞƌŝĂ...

AI summary The document discusses the need for regulatory oversight in energy management, emphasizing the importance of accurate cost recovery mechanisms and the challenges associated with aligning base rates with actual costs. It highlights the role of energy efficiency programs and the need for stakeholder engagement in the regulatory process.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĐŚĂŵďĞƌ͕ĂŶĚůŽǁĞƌĚƌĂĨƚͲƚƵďĞŽƵƚůĞƚƚŽƚŚĞƚĂŝůƌĂĐĞĐŚĂŶŶĞů͘dŚĞŚĞĂĚŐĂƚĞƐĂƌĞůŽĐĂƚĞĚŝŶƐŝĚĞ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ƐƚƌƵĐƚƵƌĞŝŶĂ ĐŽŶĨŝŐƵƌĂƚŝŽŶǁŚŝĐŚ ŝƐ ƌĞŵĂƌŬĂďůLJ...

AI summary The document discusses the implementation of a regulatory proceeding concerning energy efficiency and conservation, including the evaluation of mechanisms, stakeholder involvement, and the impact of various programs. It outlines key considerations, such as the evaluation of cost-recovery mechanisms, affordability, and the role of different stakeholders in the regulatory process.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ƌĐŚŝƚĞĐƚƵƌĂůůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞ͕ƐƚĞĞůĂŶĚŵĂƐŽŶƌLJ͖ - x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ ƚŚĞĚƌĂĨƚ ƚƵďĞĚŝƐĐŚĂƌŐ...

AI summary The text discusses various aspects of regulatory proceedings in Nova Scotia, including fuel-cost-adjustment mechanisms, asset retirement obligations, and the impact of energy efficiency programs on cost recovery and affordability. It emphasizes the need for alignment between rate structures and actual costs, the importance of stakeholder engagement, and the challenges of implementing energy efficiency initiatives.

ϭϬ͘ ZŽƐĞǁĂLJZŝǀĞƌ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ ƚZŽƐĞǁĂLJĂƐŝŶŐůĞŚLJĚƌŽͲĞůĞĐƚƌŝĐĚĞǀĞůŽƉŵĞŶƚƉŽǁĞƌŚŽƵƐĞǁŝƚŚƚǁŽŝŶƐƚĂůůĞĚŐĞŶĞƌĂƚŝŶŐƵŶŝƚƐŚĂƐďĞĞŶ ĐŽŶƐƚƌƵĐƚĞĚƚŽŚĂƌŶĞƐƐĞƐƚŚĞǁĂƚĞƌŽĨƚŚĞZŽƐĞǁĂLJZŝǀĞƌ͘tĂƚĞƌŝƐĚŝǀĞƌƚĞĚĨƌŽŵƚŚĞƌŝǀĞƌǀŝĂĂĚŝǀĞƌƐŝŽŶ ĚĂŵĂŶĚĂŶĂƉƉƌŽdžŝŵĂƚĞ...

AI summary The document discusses the ZŽƐĞǁĂLJZŝǀĞƌ and its impact on the electricity efficiency and conservation act in Nova Scotia, highlighting concerns about the fuel-cost-adjustment mechanism and its implications for rate structures and customer affordability.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬͿ͕ƐŝůƚĨĞŶĐĞ͕Ɛŝůƚ ĐƵƌƚĂŝŶĂŶĚŽŝůŵ͘ - x ZĞŵŽǀĂůŽĨĂĐĐĞƐƐŝď...

AI summary The text discusses regulatory and operational aspects of energy management, including demand-side management, energy efficiency, and regulatory processes. It highlights the importance of balancing affordability, cost recovery, and program effectiveness in energy-related initiatives.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŽŶƐƚƌƵĐƚĂĚĚŝƚŝŽŶĂůŵĂƚĞƌŝĂůůĂLJͲĚŽǁŶĂƌĞĂĂƐƌĞƋƵŝƌĞĚ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬ...

AI summary The document discusses various aspects of energy regulation and management, including fuel-cost-adjustment mechanisms, demand-side-management programs, and the impact of regulatory decisions on utility operations and customer affordability. It emphasizes the need for transparency, stakeholder engagement, and the alignment of programs with broader energy efficiency and sustainability goals.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ƌĐŚŝƚĞĐƚƵƌĂůůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞĂŶĚƐƚƌƵĐƚƵƌĂůƐƚĞĞů͖ - x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞĚƌĂĨƚͲƚƵďĞĚŝƐĐŚĂƌŐ...

AI summary The text outlines various issues and considerations related to energy efficiency, conservation, and regulatory processes in Nova Scotia. It discusses topics such as fuel-cost-adjustment mechanisms, demand-side management, and regulatory oversight. Key themes include the evaluation of programs, the role of stakeholder engagement, and the impact of regulatory decisions on energy consumption and affordability.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞĚƌĂĨƚƚƵďĞĚŝƐĐŚĂƌŐĞƐŝŶƚŽĂůĞŶŐƚŚLJƚĂŝůƌĂĐĞĐŚĂŶŶĞů ƚŚĂƚǁŝůůƌĞƋƵŝƌĞƐŝŐŶŝĨŝĐĂŶƚƌĞŵĞĚŝĂƚŝŽŶ͘ - x /ŶƐƚĂůů...

AI summary The document discusses various aspects of energy regulation in Nova Scotia, including the implementation of energy efficiency programs, the role of the Electricity Efficiency and Conservation Act, and the management of utility services. It also covers topics such as affordability, customer programs, and regulatory compliance.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ WŽǁĞƌŚŽƵƐĞ ĂŶĚ ƐƵƌŐĞ ƚĂŶŬƐ ĂƌĞ ǀŝƐŝďůĞ ĨƌŽŵ ,ŝŐŚǁĂLJ ϭϬϯ͘ ĐĐĞƐƐ ƚŽ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ŝƐ ǀŝĂ ĞdžŝƐƚŝŶŐŐƌĂǀĞůƚŽƉƉĞĚŽǁĂƚĞƌ͛ƐZŽĂĚƐŝŶƚŚĞdĂŶƚĂůůŽŶǀŝĐŝŶŝ...

AI summary The document discusses various aspects of regulatory proceedings in Nova Scotia, including fuel-cost-adjustment mechanisms, energy efficiency programs, and stakeholder engagement. It highlights concerns related to cost recovery, affordability, and the implementation of energy efficiency initiatives. Key topics include the impact of regulatory decisions on customers, the evaluation of programs, and the role of the Board in ensuring compliance and fair practices.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ dŚĞdŝĚĞǁĂƚĞƌĞǀĞůŽƉŵĞŶƚǁĂƐĐŽŵƉůĞƚĞĚŝŶ ϭϵϮϮ ĂŶĚ ƉƌŽǀŝĚĞƐ Ϯ͘Ϭ Dt ŽĨ ŐĞŶĞƌĂƚŝŽŶ ĐĂƉĂĐŝƚLJĨƌŽŵĞĂĐŚŽĨŝƚƐƚǁŽǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌ ƵŶŝƚƐ...

AI summary The document discusses the regulation of energy efficiency and conservation in Nova Scotia, focusing on mechanisms such as the fuel-cost-adjustment, rate design, and affordability. It outlines the role of the Electricity Efficiency and Conservation Act and the importance of stakeholder engagement and program evaluation.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĨŝůƚĞƌƐ ĂŶĚ ƌĞůĂƚĞĚ ƉŝƉŝŶŐ͕ ƚŚƌŽƚƚůĞ ůŝŶŬĂŐĞ ĐŽŵƉŽŶĞŶƚƐ͕ ĞůĞĐƚƌŝĐĂů ĂŶĚ ĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ĐĂďůĞƐ ĂŶĚ ŵŝƐĐĞůůĂŶĞŽƵƐƐŵĂůůĞƌĞƋƵŝƉŵĞŶƚĂŶĚƉŝƉŝŶŐ͘ - x Z...

AI summary The document discusses various aspects of energy regulation and management in Nova Scotia, including fuel-cost-adjustment mechanisms, demand-side management programs, and the impact of policy on energy efficiency and customer affordability. It highlights challenges in aligning rates with actual costs, ensuring equitable access, and managing stakeholder interests.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŝƐĂƐƐĞŵďůLJŽĨZŽŽĨŝŶŐ͕^ŚĞĂƚŚŝŶŐĂŶĚƌĞůĂƚĞĚŵŝƐĐĞůůĂŶĞŽƵƐƉĂƌƚƐĂŶĚĐŽŵƉŽŶĞŶƚƐ͘^ĞƚĂƐŝĚĞ͕ƐƚŽĐŬƉŝůĞ ĨŽƌƐĂůǀĂŐĞĂŶĚĚŝƐƉŽƐĂů͘ - x ZĞŵŽǀĞŽǀĞƌŚĞĂĚƌŝĚŐĞƌĂ...

AI summary The text discusses the need for regulatory oversight in energy efficiency and conservation, addressing issues such as fuel-cost-adjustment mechanisms, affordability, and the implementation of energy efficiency programs. It emphasizes the importance of aligning rates with actual costs and ensuring equitable access to energy programs.

EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ƉŽǁĞƌŚŽƵƐĞ ŚĂƐ ďĞĞŶ ĐŽŶƐƚƌƵĐƚĞĚ ŝƚ ǁŝůů ďĞ ŝŵƉƌĂĐƚŝĐĂů ƚŽ ĂƚƚĞŵƉƚ ƚŽ ĚĞŵŽůŝƐŚ ĂŶĚ ƌĞŵŽǀĞ ŝŶƚĞƌŝŽƌƐƚƌƵĐƚƵƌĂůĐŽŵƉŽŶĞŶƚƐĂŶĚŝŶĨŝůůƚŚĞ ĨĂĐŝůŝƚLJǁŝƚŚ...

AI summary The text discusses the need for regulatory oversight of Nova Scotia Power's fuel-cost-adjustment mechanism, addressing concerns over potential perverse incentives due to a lag between base rates and actual costs. It also highlights the importance of ensuring fair and equitable energy programs, stakeholder engagement, and compliance with regulatory standards and legislation.

ƉƉĞŶĚŝdžϭͲ/K^ŬĞƚĐŚ:͘͘zĂƚĞƐ͕W͘ŶŐ͘ ^ŝŶĐĞƚŚĞĞĂƌůLJϭϵϴϬ͛Ɛ͕:͘͘zĂƚĞƐ͕W͘ŶŐ͘ŚĂƐĚĞǀĞůŽƉĞĚĂǁŝĚĞƌĂŶŐĞŽĨĞdžƉĞƌŝĞŶĐĞŝŶƐƚƌƵĐƚƵƌĂů͕ŚĞĂǀLJ ĐŝǀŝůĂŶĚŵƵůƚŝͲĚŝƐĐŝƉůŝŶĂƌLJĞŶŐŝŶĞĞƌŝŶŐƉƌŽũĞĐƚƐĞŶĐŽŵƉĂƐƐŝŶŐĐŽŶĐĞƉƚĚĞǀĞůŽƉŵĞŶƚ͕ĚĞƐŝŐŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶ ƉůĂŶŶŝŶŐĂŶĚƐƵƉĞƌǀŝƐ...

AI summary The document discusses the regulatory proceedings and challenges faced by the Nova Scotia Power in 1980, including issues related to the rate structure, cost recovery, and the impact of various regulatory mechanisms on the utility's operations and financial obligations.

Summary Unnamed: 0 NOVA SCOTIA POWER, INC. Unnamed: 2 Unnamed: 3 Unnamed: 4 Unnamed: 5 Unnamed: 6 Unnamed: 7 Unnamed: 8 Unnamed: 9 Unnamed: 10 Unnamed: 11 Unnamed: 12 Unnamed: 13 Unnamed: 14 Unnamed: 15 Unnamed: 16 Unnamed: 17 Unnamed: 18...

AI summary The table presents financial and operational data for various projects and facilities, including the Port Hawkesbury Biomass, International Coal Pier, and TOTAL Steam Production Plant, with details on dates, costs, revenues, and other metrics.

development shall not include (i) any capital expenditure made in respect of the acquisition of a building or a leasehold interest therein, other than a prescribed special-purpose building, (ii) any outlay or expense made or incurred for t...

AI summary The text outlines specific exclusions from development, including capital expenditures on buildings, leasehold interests, and payments to certain entities for building-related purposes. It also mentions the repeal of subsections 37(14) and (15) of the Act and the application of the provisions to property acquired or lease costs incurred on or after December 16, 2024.

ch case the expenditure limit for the year of each of the corporations is the amount so allocated to it. Determinations in certain cases (10.64) Notwithstanding any other provision of this section, 7 2026-2027 GRA U-17 Attachment 1 Page 8...

AI summary The text outlines rules for determining expenditure limits for eligible Canadian public corporations, particularly when they have multiple taxation years ending in the same calendar year or when their taxation year is less than 51 weeks. Adjustments are made based on the number of days in the year and the proportion of the expenditure limit.

(4) Les paragraphes (1) à (3) sont réputés être en- come into force on April 20, 2021. trés en vigueur le 20 avril 2021. Coordinating Amendments Dispositions de coordination Bill C-56 Projet de loi C-56 143 (1) If Bill C-56, introduced in...

AI summary This text refers to a legislative amendment related to Bill C-56, which is titled the 'Affordable Housing and Groceries Act.' If the bill receives royal assent, it will amend the Excise Tax Act by adding a new subsection after subsection (2) of section 256.2.

as deferred in accordance with section 22.1. purgé ou n’a pas choisi de le purger, elle peut faire re- porter cette obligation en conformité avec l’article 22.1. 351 (1) Subsection 152.05(5.1) of the Act is re- 351 (1) Le paragraphe 152.05...

AI summary The text discusses the deferral of obligations in accordance with section 22.1 and the replacement of subsection 152.05(5.1) of the Act with new provisions.

FO-13 – Average Rate Base – Deferred Charges and Credits 1  RB-01 – Plant In Service Continuity Schedule 2  RB 02-16 – Rate Base Table 3  DA-02 - Accumulated Reserve for Depreciation 4  DA-03 – Amortization Expense 5  OR-01 – Proof of...

AI summary The document outlines various filings related to the average rate base, deferred charges, and credits, including schedules, tables, and tariff attachments submitted for regulatory review. These filings cover topics such as plant continuity, depreciation, revenue calculations, fuel costs, capital structure, and proposed rates.

28 1 3.9 Amendments Arising from GRA IR Process 2 3 In CA IR-1, IG IR-1, and Renewall IR-7, NS Power advised that it would address specific items 4 as part of the GRA compliance filing. 5 6 CA IR-1 contained the following response from NS...

AI summary The document discusses amendments to the interruptible credit for PHP, resulting in a reduction of annual credits by approximately $0.9 million in 2026 and $0.8 million in 2027. The correction of the power factor from 1.02 to 10.6 in 2027 partially offsets this reduction by $0.2 million, leading to a net reduction of $0.6 million in 2027. These changes will slightly affect the costs of service for other rate classes once redistributed in the COSS.

1,189 1,438 - (16) DSM (17) FCR DEFERRAL 0 0 0 - (18) REG. AFFAIRS - ADVOCACY EXPENSE 1,367.0 619 748 - (18) GRANTS IN LIEU OF TAXES 22,260 10,073 12,187 - (19) Depreciation: (20) STEAM 46,715 21,139 25,575 - (21) HYDRO 16,145 7,306 8,839...

AI summary The text presents a financial summary with line items including depreciation, grants, interest, and taxes. It includes categories such as DSM, FCR deferral, and various depreciation line items for different energy sources. The data shows figures for different years and includes net interest and corporate taxes.

0 0 0 0 0 0 0 0 0 0 0 P-14 (23) CORPORATE TAXES -1,862 -1,196 -61 -331 -38 -34 -44 -68 -56 -26 -9 P-14 (24) Non-Operating Revenue: (25) STEAM AND ASH SALES -1,293 -830 -43 -231 -26 -24 -30 -47 -39 -18 -6 O-8 (26) OTHER REVENUE -868 -557 -2...

AI summary The text presents a financial summary with various line items including corporate taxes, non-operating revenue from steam and ash sales, and other revenue. It also includes return (profit/loss), interrider demand adjustment, allocation of interrider demand adjustment, ELI 2P-RTP demand adjustment, and allocation of ELI 2P-RTP demand adjustment with associated figures and codes.

(10) Regulatory Amortization (677,610) (677,610) Regulatory Amort. 100.0% K322 (11) Fuel Expense (1,808,772) (1,729,291) ML - NS Block (BCF COSS) 100.0% B8..M8 and B35..M37 (12) FAM Deferral Interest 328,135 343,365 Interest & Other Exp 10...

AI summary The text provides a summary of various financial and regulatory expenses, including regulatory amortization, fuel expense, FAM deferral interest, AMI opt-out charges, and income tax. It outlines figures related to operating expenses and the rate base, indicating financial performance and regulatory considerations.

1,825,306.19 1,825,306.19 1,825,306.19 $37,511 (352) (0.000) #REF! #REF! (353) EXPORT SALES - (354) FX Interest (355) (356) FX COST REVENUE OF BTL RATE CLASSES Var (357) SHORE POWER PROD 19.116 19.116 0.000 (358) SHORE POWER TRANS - - 0.00...

AI summary The text presents a financial table with various line items, including shore power, generation replacement, and ELIADC, with associated costs and revenues across different categories such as production, transmission, distribution, and retail. Some entries show variances and include numerical values, while others are marked as zero or not applicable.

55 35 P-10 (22) DEF. CHG. - Tax 5,482 2,882 198 1,201 193 141 228 370 160 67 43 P-10 (23) DEF. CHG. - Pension 45,530 23,932 1,647 9,977 1,602 1,170 1,890 3,072 1,330 554 356 O-4 (24) DEF. CHG. - Steam Assets 0 0 0 0 0 0 0 0 0 0 0 E-1A (25)...

AI summary The text presents a table of financial changes related to various categories, including tax, pension, fuel deferral, and asset retirement obligations. These changes are listed with numerical values and codes, indicating adjustments and credits for different years and categories.

- (18) REG. AFFAIRS - ADVOCACY EXPENSE 1,344.8 648 697 - (18) GRANTS IN LIEU OF TAXES 21,162 10,198 10,964 - (19) Depreciation: (20) STEAM 48,024 23,144 24,881 - (21) HYDRO 16,631 8,015 8,616 - (22) WIND 12,844 6,190 6,654 - (23) LM6000 7,...

AI summary The text presents a financial summary of a regulatory proceeding, including advocacy expenses, grants, depreciation across various energy sources, interest, taxes, non-operating revenue, and total generation costs. It outlines a range of financial figures and categories relevant to the proceeding.

0 (10) UNMETERED 487 0 487 (11) TOTAL $10,009 $2,373 $7,636 ALLOCATION FACTOR C-6 C-8 REDACTED (CONFIDENTIAL INFORMATION REMOVED) REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 3 Page 56 of 102 EXHIBIT 6C NOVA SCOTIA POWER INC...

AI summary The document presents an allocation of credit services expenses for Nova Scotia Power Inc. for the year ending December 31, 2027, with detailed breakdowns of bad debt expenses across different customer categories.

11,199 11,199 (500) AVERAGE CUSTOMERS - GENERAL LARGE 20 20 20 (501) AVERAGE CUSTOMERS - SMALL INDUST. 2,127 2,127 2,127 (502) AVERAGE CUSTOMERS - MEDIUM INDUST. 175 175 175 (503) AVERAGE CUSTOMERS - INDUSTRIAL LARGE 36 36 36 (504) AVERAGE...

AI summary The text presents numerical data related to average customers across various categories, including general large, small industrial, medium industrial, and unmetered customers, along with voltage level demand reduction percentages and loss factor percentages. It includes figures for the years 2026 and 2014, as well as the Cost of Service Study (COSS).

Compliance Rates 2026 Compliance Rates 2026 Compliance Embedded Embedded (1) 1 2023 Cost Rates FAM DSM SCRR Total Cost Rates FAM DSM SCRR Total 2 3 Residential $865.2 $1,055.5 $8.1 $33.0 $0.0 $1,096.6 $1,104.9 $8.1 $32.8 $0.0 $1,145.7 4 5...

AI summary The text provides compliance rates for 2026, detailing cost rates, FAM, DSM, SCRR, and total figures for residential, general, and industrial categories. The data includes specific monetary values and percentages for different segments, indicating variations in compliance across sectors.

o the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) in December 2025 in Phase 1 of the transition and 32 employees in 2027 in Phase 2 (Transcript, January 12, 2026, pp. 1056-1058). - [77] Doane Grant Thornton LLP was en...

AI summary NS Power proposed staffing increases of 22 employees in 2025 (Phase 1) and 32 in 2027 (Phase 2). Doane Grant Thornton LLP reviewed OM&G cost forecasts but did not assess operational efficiency. The Nova Scotia Department of Energy argued the staffing increases were unreasonable given affordability concerns, stating NS Power had not justified the need for additional staff or demonstrated compliance with industry standards.

in its testimony that it did not conduct any cost-benefit analysis about its customer engagement and communication initiatives or provide a plan outlining the measures or targets it hoped to achieve. [100] To be clear, the Board considers...

AI summary The Board found that NS Power did not conduct a cost-benefit analysis of its customer engagement initiatives or outline specific targets. While acknowledging the value of customer engagement, the Board prioritized affordability based on public comments, concluding that ratepayers prefer not increasing engagement costs. It emphasized meeting performance metrics as an objective measure for reliability, but not for engagement initiatives.

about the value of coal plant assets that would be securitized, submitting that this amount should be reduced (as canvassed elsewhere in this decision). The Province described its position as follows: 92. For initiatives that demonstrably...

AI summary The Province opposes securitization of coal plant assets due to uncertainty in asset valuation and risk to ratepayers. It emphasizes the need for clear ratepayer benefits and rejects NS Power's proposal until proven cost-effective. The Province clarifies no regulatory commitment exists for securitization of Decarbonization Deferral Account liabilities.

3.7.4 Party Submissions [503] The Affordable Energy Coalition's (AEC) opening statement submitted that the Board must ensure rates are sufficient to cover NS Power's cost-of-service, while preventing the recovery of excess spending and pro...

AI summary The Affordable Energy Coalition (AEC) argues that Nova Scotia Power's (NS Power) rates must cover costs without allowing excess profits, citing low-income affordability concerns and suggesting a reduced return on equity (ROE) of 7.6%. NS Power defends its current ROE and capital structure, citing Concentric's evidence, to balance affordability and investment needs.

3.2.17 GHG Emission Compliance Program Costs - The cost of Fund Credits under the Nova Scotia GHG Output Based Pricing System (OBPS) emissions compliance programs. - Transaction fees for purposes of purchasing GHG OBPS Fund Credits). Costs...

AI summary This section outlines the costs associated with GHG emission compliance programs, specifically the cost of Fund Credits under Nova Scotia's OBPS and transaction fees for purchasing these credits. These costs are recorded in account 503400 REG EMISSION ALLOWANCE EXPENSE in NS Power's Chart of Accounts.

1. Commercial Information To protect value for customers and mitigate the risk of prospective proponents having access to the information contained in this Application, and maintain good business relations with vendors, this information is...

AI summary NS Power seeks to keep commercial information, including fuel procurement, internal budgets, and customer-specific data, confidential to protect customers from increased costs and maintain competitive advantages. Disclosure could lead to higher prices and less favorable terms for NS Power and its customers.

IN THE MATTER OF: A General Rate Application by Nova Scotia Power Incorporated for Approval of Certain Revisions to its Rates, Charges, and Regulations TAKE NOTICE that the Affordable Energy Coalition (AEC) requests intervenor status in th...

AI summary The Affordable Energy Coalition (AEC) requests intervenor status in a proceeding related to Nova Scotia Power's rate application, emphasizing its focus on equitable and universal access to electricity for low-income domestic customers.

Reason for interest: - The NSNDP Caucus has an interest in this matter, given the important public interest in affordable residential power bills. - As elected representatives, on behalf of the constituents we represent, we have an interes...

AI summary The NSNDP Caucus has an interest in the matter due to the importance of affordable residential power bills and the need to safeguard the public interest as elected representatives.

Issues we intend to address: - The already high and rising energy costs for Nova Scotians. - The significant rise in profits of Nova Scotia Power. - Nova Scotia Power's GRA within the broader context of the public loss of trust in the comp...

AI summary The text outlines key issues to be addressed, including rising energy costs, increased profits of Nova Scotia Power, concerns about the company's GRA in light of a data breach and poor reliability, and the intention to raise residential rates while lowering some non-residential rates.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The Public Utilities Act -and- IN THE MATTER OF: A General Rate Application by Nova Scotia Power Incorporated for approval of certain revisions to its Rates, Charges and Regulations TAKE NOTICE th...

AI summary The Assembly of Nova Scotia Mi'kmaw Chiefs and the Kwilmu'kw Maw-klusuaqn Negotiation Office seek to intervene in Nova Scotia Power's rate application, expressing concerns about energy affordability, the impact of proposed rate increases on Mi'kmaw communities, and the need for resilience and microgrid planning in Mi'kmaw territories.

Conclusion While NS Power was the only party to explicitly comment on the issues included on the Draft Issues List, the Board notes that parties, such as the Kwilmu'kw Maw-klusuaqn Negotiation Office and the Assembly of Nova Scotia Mi'kmaw...

AI summary NSP was the sole party commenting on the Draft Issues List, but other groups expressed interest in affordability, reliability, and resiliency. The Board includes these issues in scope, tied to NSP's duty to provide safe and adequate service, but is legally bound by the Public Utilities Act and case law prohibiting rate waivers based on affordability.

Request IR-6: References: (A) In Figure 16, on page 35 of Appendix 10A, Concentric provides its North American Electric T&D proxy group that is comprised of three Canadian utilities and 10 U.S utilities, as copied below: Ibid. Source[: Sov...

AI summary The text references a proxy group provided by Concentric, consisting of Canadian and U.S. utilities, and includes sources related to Sovereigns Ratings List 2025 and a Finiki.org article on home country bias.

Request IR-9: - Reference: Exhibit N-3 GRA Direct Evidence, Section 1.2 Overview of 2026-2027 GRA - On page 10 of the application, NS Power proposed that as of January 1, 2027, compounded rate - increases for residential customers would be...

AI summary NS Power proposed an 8.06% compounded rate increase for residential customers starting January 1, 2027. The request asks how NS Power determined this increase is affordable over the 2026-2027 period, referencing Exhibit N-3 GRA Direct Evidence.

Request IR-131: - Reference: Exhibit N-3 GRA Direct Evidence, Section 2.1 Electricity Rate Impact - Regarding Figure 2-1 of the application, please identify and quantify the specific factors that are - causing rate increases for Domestic C...

AI summary Request IR-131 seeks clarification on factors causing Domestic Class electricity rate increases approximately double the system average, referencing Exhibit N-3 of the GRA Direct Evidence under Section 2.1 Electricity Rate Impact.

______________ DATE UND# DESCRIPTION REQUESTED OF FOR DUE DATE January 9, 2026 U-16 To advise why the preferred share dividend amounts (labelled as related to Part VI.1 tax) cannot be excluded from the regulated financial statements or why...

AI summary The document outlines several requests made to Nova Scotia Power Inc. (NSPI) by the Board and Board Counsel, covering topics such as the treatment of preferred share dividends in financial statements, the EIFEL exemption, disconnection numbers, and the impact of new employee positions on revenue requirements.

M12451- Nova Scotia Power – General Rate Application (GRA) Closing Statement From The Nova Scotia New Democratic Party Caucus. Represented by the Leader of the Official Opposition, Claudia Chender and Official Opposition Energy Critic, Sus...

AI summary The Nova Scotia New Democratic Party opposes Nova Scotia Power's rate increase, citing rising costs for consumers, increased corporate profits, service reliability issues, and data breaches. They argue the increase is unjustified given the company's performance and the financial burden on households.

ons in profit while charging some of the highest power rates in the country. Meanwhile, household incomes are stagnant, people's data has been breached, and trust in the utility is at an all-time low. Already this winter, families have bee...

AI summary The document highlights Nova Scotia Power's high profit margins and elevated power rates amid stagnant household incomes and energy affordability crises. Evidence suggests measures like energy efficiency, reduced coal reliance, and revised rate calculations could alleviate pressure on residents. Efficiency Nova Scotia's 2023 study found 43% of households spend over 6% of income on energy. Dr. Sean Cleary advocates for a lower rate of return for Nova Scotia Power, while the Board's lawyer, Bill Mahody, questions billing accuracy. Exhibit N-77 proposes a cost-of-service methodology to fairly distribute rate increases.

earing, to estimate rate increases using a cost-of-service methodology that is less biased against residential customers, so that Nova Scotian households don't bear an outsized burden of any increase. In closing, the Nova Scotia NDP Caucus...

AI summary The Nova Scotia NDP Caucus opposes a utility rate increase application, arguing that the proposed cost-of-service methodology unfairly burdens residential customers. They urge the Board to adjust rates, reconsider cost allocation, and address the utility's ownership structure. They highlight the financial strain on Nova Scotian households, with half already struggling to afford energy costs.

Overview - 1. The Department of Energy (the "Department") submits that the Board should reject NS Power's rate change request in its entirety as NS Power has failed to satisfy its burden of proof under Section 45 of the Public Utilities Ac...

AI summary The Department of Energy opposes NS Power's rate change request, arguing it fails to meet the burden of proof under the Public Utilities Act to justify proposed rates as just and reasonable. Economic pressures and energy poverty (40% of Nova Scotians spending over 6% of income on energy) are highlighted as critical factors. The Province emphasizes its statutory duty to protect public interest in utility regulation.

Securitization - 89. It is not possible to discuss asset valuations without addressing NS Power's hopes around securitization. - 90. The Department is always open to any opportunity to deliver relief to ratepayers. The Province has repeate...

AI summary The Department supports securitization only if it demonstrably benefits ratepayers, citing past initiatives like debt buybacks and emissions savings that reduced rates by 19%. However, uncertainty around coal asset valuations and risks of future ratepayer costs prevent approval. The Province has not committed to regulatory changes for securitization and rejects NS Power's proposal until proven cost-effective.

No justification for increased labour costs - 97. While many other organizations are searching for ways to do the same with less, NS Power continues to grow headcount with ratepayers asked to incur the cost. NS Power is proposing to increa...

AI summary The Department argues that NS Power has not justified a 24% increase in FTEs by 2026, citing insufficient evidence for higher HR costs (21% above industry median) and ratepayer burden. It recommends a Savings Review under Section 34A of the Act to address inefficiencies.

Cyber Attack - 111. The cyber-attack resulted from circumstances within NS Power's operational control, yet ratepayers bear the financial and operational consequences, including billing uncertainty and potential financial exposure. - 112....

AI summary A cyber-attack on NS Power led to billing uncertainties and financial risks for ratepayers. The Department argues NS Power, as a regulated monopoly, must adhere to strict cybersecurity and service standards under the Public Utilities Act . Investigations are called for into billing practices, consumer protections, and financial relief. NS Power claims not to seek cost recovery, but ratepayers may bear indirect costs. The Board is urged to address accountability and transparency.

Summary - 124. In summary, the Department of Energy respectfully requests as follows: - a. That the Board reject the requested rate changes. - b. That NS Power's ROE be set at 7.6%. - c. That the Board take steps to ensure that NS Power's...

AI summary The Department of Energy requests the Board to reject NS Power's rate changes, set ROE at 7.6%, write down coal assets, deny Lingan 2 investment, avoid securitization, reject labour cost increases, maintain deferred liability calculations, address cyber-attack costs, and delay rate hikes until ratepayer liability is confirmed. It also urges mitigation of ratepayer impacts.

ppendix 8F, Letter from the Province of NS, page 651. [ 47 ](#page-10-11) As amended by the Energy Reform (2024) Act , SNS 2024, c.2, assented to April 5, 2024. proposed change may be submitted to the Board, which may take evidence and giv...

AI summary The Industrial Group supports the proposed securitization, arguing it is in the public interest and protects ratepayers and the utility. They emphasize the Board's role in recommending, not directing, measures under the Energy Reform (2024) Act.

1 2 BEFORE THE NOVA SCOTIA ENERGY BOARD 3 4 IN THE MATTER OF The Public Utilities Act, R.S.N.S. 1989, c.380 as amended 5 - and - 6 7 IN THE MATTER OF an Application by Nova Scotia Power Incorporated for approval of certain revisions to its...

AI summary The Small Business Advocate (SBA) submits closing remarks regarding Nova Scotia Power Incorporated's 2026 General Rate Application. The SBA emphasizes the Settlement Agreement, which resulted from discussions with intervenors and addresses key issues, including the balance between NSPI's cost of capital and the affordability of energy for small businesses.

nd secondary distribution systems and further, that Ontario and New Brunswick have a set of round numbers used as classification factors in their cost of service model that are grounded in the Minimum System Method. [76](#page-37-3) Ms. Pa...

AI summary The document discusses the potential impact on the GRA if PHP does not take service under an above-the-line tariff in 2027, and outlines alternative arrangements. NS Power explained that PHP would take service either below-the-line or above-the-line, and that the ELIADC Tariff would serve as a baseline for true-up calculations if PHP remains on it through 2026. A forecast PHP Deferral amount of $18.2 million is anticipated, along with a fuel balance of $5.7 million.

9 Similarly, in the 2022-2023 GRA Decision, the Board held: 10 The Board is keenly aware that electricity rates are already challenging for many 11 customers and any rate increase will be difficult, especially for those with low or 12 fixe...

AI summary The Board emphasizes that it cannot set special rates for low-income customers or override NS Power's reasonable costs under the Public Utilities Act. Affordability concerns must be addressed through regulatory tools like deferrals, but these have long-term cost trade-offs. The Board's decisions stress adherence to utility regulation principles over political or social considerations.

to address the remaining costs. Again, as stated in NS Power's Closing Submissions, in the Board's 13 process to consider the DDA, securitization was recognized by parties as potentially the ultimate 14 solution where the most savings coul...

AI summary The Department of Energy (DOE) references historical legal decisions, including Smyth v. Ames and Alberta's UAD cases, to argue that coal assets are stranded assets that should be written down, with the cost borne by NS Power shareholders. The discussion also mentions securitization as a potential solution for cost savings, requiring enabling legislation.

o the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) in December 2025 in Phase 1 of the transition and 32 employees in 2027 in Phase 2 (Transcript, January 12, 2026, pp. 1056-1058). - [77] Doane Grant Thornton LLP was en...

AI summary The document discusses NS Power's proposed OM&G cost increases and staffing requirements, with Doane Grant Thornton LLP reviewing the forecasts but not assessing operational efficiency. The Nova Scotia Department of Energy argues the staffing increase is unjustified due to affordability concerns, urging the Board to reduce unnecessary costs.

in its testimony that it did not conduct any cost-benefit analysis about its customer engagement and communication initiatives or provide a plan outlining the measures or targets it hoped to achieve. [100] To be clear, the Board considers...

AI summary The Board acknowledges the importance of customer engagement but concludes that ratepayers prioritize affordability over increased engagement costs. It emphasizes measuring reliability through performance standards rather than expanding communication initiatives, citing public concern over cost management.

ing them. So I would agree that there's a –– an inconsistency, perhaps, with traditional or normal utility practice if those were to be partially decommissioned and retained as assets of the utility. - Q. Right. If they were no longer used...

AI summary The discussion addresses inconsistencies in utility practices regarding asset decommissioning, debating whether ongoing costs of partially decommissioned assets should fall on shareholders or ratepayers. The testimony suggests partial decommissioning may benefit ratepayers by reducing costs, though it raises questions about responsibility for asset management.

about the value of coal plant assets that would be securitized, submitting that this amount should be reduced (as canvassed elsewhere in this decision). The Province described its position as follows: 92. For initiatives that demonstrably...

AI summary The Province opposes securitization of coal plant assets due to uncertainty in asset valuation and potential financial harm to ratepayers. It rejects NS Power's proposal unless proven to save money, citing no firm commitment to regulatory changes for securitization and concerns about assumptions in the Consensus Agreement.

e assets over their shorter remaining useful life (and the corresponding impact on rates that would have been occasioned as a result). In its decision approving the DDA in principle, the NSUARB noted: [299] In this context, NS Power is a u...

AI summary The NSUARB approved the Decarbonization Deferral Account (DDA) to recover prudently incurred costs of retiring thermal assets due to decarbonization policies. NS Power, regulated under a cost-of-service model, may recover such costs even after asset retirement, balancing affordability and transition to renewables. The DDA does not recover unrecoverable costs but ensures timely recovery of prudent investments.

3.7.5 Findings [511] It bears repeating that for at least a century, the Supreme Court of Canada has recognized that investors in regulated utilities are entitled to a fair return that is comparable to the return they would see from other...

AI summary The Supreme Court of Canada emphasizes that regulated utilities must offer investors a fair return comparable to similar investments to ensure operational sustainability. Factors like comparable returns and financial integrity are key, while affordability and reliability are addressed through other regulatory tools. The NSUARB's 2005 decision on NS Power's rate request is referenced, influenced by a 2004 winter storm and Premier John Hamm's review request.

Matter No. M12451: Submission on Prorating Bills Claudia Chender Leader of the Official Opposition 1401-5151 George Street Halifax, NS, B3J 1M5 April 23rd, 2026 Crystal Henwood Clerk of the Board Nova Scotia Energy Board Box 1692, Unit "M"...

AI summary The Nova Scotia NDP opposes a proposed rate hike, arguing it would unfairly burden ratepayers by retroactively charging higher prices for power used before the increase. They request the Energy Board reject Nova Scotia Power's prorating approach, citing unfairness and damage to customer trust following past issues.

3.2.17 GHG Emission Compliance Program Costs - The cost of Fund Credits under the Nova Scotia GHG Output Based Pricing System (OBPS) emissions compliance programs. - Transaction fees for purposes of purchasing GHG OBPS Fund Credits). Costs...

AI summary The document outlines the costs associated with Fund Credits under Nova Scotia's GHG Output Based Pricing System (OBPS) emissions compliance programs, including transaction fees for purchasing credits. These costs are recorded in account 503400 REG EMISSION ALLOWANCE EXPENSE in NS Power's Chart of Accounts.

Affordable Energy Coalition Mr. Peter Duke Mr. Chris Benjamin

AI summary The Affordable Energy Coalition is mentioned with two individuals, Mr. Peter Duke and Mr. Chris Benjamin, likely representing the coalition in a regulatory proceeding.

OPENING STATEMENT 11 AFFORDABLE ENERGY COALITION 1 We will try to have 15-minute breaks 16 MS. MacADAM: Good morning. Melissa 17 MacAdam and Rekebah Powell for the Small Business 18 Advocate. 19 THE CHAIR: The Affordable Energy 1 Coalition...

AI summary The opening statement of the Affordable Energy Coalition is presented by Melissa MacAdam and Rekebah Powell on behalf of the Small Business Advocate. Other participants include Peter Duke and Chris Benjamin for the Affordable Energy Coalition, Brianne Rudderham for the Industrial Group, and James MacDuff on behalf of Municipal Electric Utilities of Nova Scotia. The Chair acknowledges various organizations and individuals attending the proceeding.

INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS volatile energy prices. Affordable Energy has four concerns with Nova Scotia's General Rate Application. One, affordability, immediate support for low-income households. Low- and modes...

AI summary Affordable Energy raises concerns about the impact of rate increases on low-income households in Nova Scotia, highlighting the need for immediate support. They reference Ontario's Electricity Support Program and a Home Energy Affordability Program developed by a multi-stakeholder taskforce, which includes on-bill credits and energy efficiency measures, though no action has been taken yet.

OPENING STATEMENT 13 AFFORDABLE ENERGY COALITION 1 has been taken. We submit that the Board could review 2 this work and consider whether to recommend similar 3 universal service program, particularly as other supports, 4 such as HARP and...

AI summary The Affordable Energy Coalition emphasizes the need for a universal service program due to reduced support from HARP and Federal Oil to Heat Pump funding. They argue that excessive profits by Nova Scotia Power during a cost-of-living crisis are problematic and suggest a lower return on equity (ROE) of 7.6% to alleviate financial burdens on low-income households. They also support the energy transition to a zero-carbon system to reduce energy costs and eliminate energy poverty.

OPENING STATEMENT 25 NOVA SCOTIA LIBERAL CAUCUS 1 households and businesses with predictable electricity 4 South and the leader of the Official Opposition for Nova 5 Scotia. Thank you for the opportunity to present today. 6 Nova Scotians h...

AI summary The Nova Scotia Liberal Caucus highlights the financial burden on households and businesses due to rising electricity costs, noting that power bills have increased by an average of $400 since 2021. They express concern over a proposed 8% rate increase by Nova Scotia Power, which could push bills up by $600, affecting affordability for many Nova Scotians.

OPENING STATEMENT 31 NOVA SCOTIA NDP CAUCUS 1 how best to serve Nova Scotians going forward. 2 So far the current government has 3 refused to take any of these steps, and against this 4 backdrop it is vital that the Board review this 5 App...

AI summary The Nova Scotia NDP Caucus criticizes Nova Scotia Power for failing to meet reliability standards and increasing coal use while passing higher fuel costs onto consumers. They urge the Board to prioritize affordability and ensure the company acts in the best interest of customers.

NSP COST OF SERVICE PANEL 45 Questions, (Deveau) 1 evidence but did not go to an oral hearing, 1 energy transformation will be complex, and it is made even 2 more challenging given the current inflationary pressures 3 and the affordability...

AI summary The document discusses the challenges Nova Scotia Power faces, including energy transformation, inflationary pressures, affordability issues, and the impact of a recent cyber attack. The company reassures stakeholders of its commitment to recovery and rebuilding trust, while noting that the GRA does not include costs related to the cyber attack.

Affordable Energy Coalition Mr. Peter Duke Mr. Chris Benjamin

AI summary The Affordable Energy Coalition is introduced with two individuals, Mr. Peter Duke and Mr. Chris Benjamin, likely representing the coalition in a regulatory proceeding.

NSP DEPRECIATION PANEL 363 Questions, (Chair) 1 affordability. 2 I just want to make clear, I Q. 3 thought I heard you just say a moment ago that you had no 4 preference in terms of the ELG or the ALG method? 5 A. (Flemming) No, what I'm r...

AI summary The discussion revolves around Nova Scotia Power's (NSP) preference for the Equal Life Group (ELG) method over the Average Life Group (ALG) method for depreciation, citing benefits to customers through lower financing costs. There is also mention of a model used to analyze the crossover point between the two depreciation methods.

NSP COST OF CAPITAL PANEL 439 Cr-ex, (Mahody) 1 trim or CPI-median. The U.S. Government has taken a 2 similar approach, as they recognized that CPI has a basket 3 of goods and it can send you a signal that's not 4 altogether accurate if yo...

AI summary The discussion revolves around the preferred measure of inflation, with the Bank of Canada using CPI-trim as the primary measure. The witness initially suggested a single preferred measure but later acknowledges that the Bank of Canada considers three measures, with CPI-trim being the primary one.

1 when that comes on, and the cost apportionment of the cost 15 Application in terms of any rate shock or other rate 16 considerations, wouldn't that be a useful piece of 17 information to have so we can assess this Application? 18 MR. WIL...

AI summary The discussion revolves around the separation of rate applications and fuel cost collection proceedings, with concerns raised about potential rate shocks and the impact on customers. The witness argues that the General Rate Application stands independently, while the Member highlights public sensitivity to multiple rate increases.

1 you could claim, or is the whole thing not enacted or 14 undertaking, could I actually ask you to provide that 15 updated the August 15, 2025 updated version of the 16 EIFEL rules? Perhaps you could get more context and 17 understanding...

AI summary The text discusses an undertaking (U-17) to provide an updated version of the EIFEL rules and a reference to the Fall Economic Statement. It also mentions a Consensus Agreement where Nova Scotia Power agreed to reduce its operating expenses in 2026 and 2027, allocating a $10 million reduction to its revenue.

1 proceeded with on the basis of affordability. I guess 2 just first off, have I accurately read your evidence? 3 A. (Williams) I believe you've read 4 it correctly, sir. 5 Q. And so it is then the case that 6 from the company's perspectiv...

AI summary The discussion focuses on affordability considerations in a regulatory proceeding, with the company asserting that it has made savings in other areas to fund necessary investments. The conversation also touches on a reduction in residential disconnections between 2023 and 2024, attributed to the efforts of Chris Lanteigne.

1 2021, 2.3 million, and 3.4 million, and 3.8 million. 2 However, the bad debt expense seems to increase somewhat 3 dramatically into 2024, and then it's forecasted to remain 4 above $5 million for the three other years referenced. 5 First...

AI summary The text discusses the significant reduction in bad debt expense by Nova Scotia Power in 2021, followed by an increase in subsequent years. The reduction is attributed to factors such as timing and the financial position of customers, particularly commercial ones.

1 In terms of your Consensus Agreement 2 with Intervenors, I'm just wondering if, in terms of level 3 of service that's reflected through the OM&G, whether 4 you've it's your view that the level of service as 5 reflected in the ultimate am...

AI summary The discussion revolves around Nova Scotia Power's Consensus Agreement with intervenors, focusing on the level of service and affordability. Customer representatives indicated a desire for further savings without reducing service levels, and Nova Scotia Power committed to finding those savings through collaborative sessions.

NSP GENERAL/REGULATORY PANEL 947 Questions, (Chair) 1 those efforts more recently have been focused on those 2 types of burdens and reducing that impact. I think as we 3 move out of that timeframe where we're experiencing those 4 impacts,...

AI summary The discussion centers on Nova Scotia Power's proposed rate increases and their comparison to rates in other Atlantic Canadian provinces. The conversation also touches on ongoing efforts related to the cyberattack and assistance for low-income groups, with reference to a Hydro-Québec report.

tt. It was seen as something that was not desired 17 from customer representatives at the time. 18 And so as part of that Settlement 19 Agreement in the last General Rate Application I think 1 there was reference to it earlier in this proc...

AI summary The discussion revolves around a cap on the customer charge as part of a Settlement Agreement from the last General Rate Application. The cap was agreed upon to address concerns about its disproportionate impact on lower-income customers, with ongoing discussions on whether the customer charge would be neutral or beneficial for them.

1 BY THE CHAIR: 2 So the impact of the capping of Q. 3 the customer charge, in effect, result in higher energy 4 higher than average energy users subsidizing lower than 5 average energy users; correct? 6 (Williams) Yeah, sorry, sir, I'm A....

AI summary The discussion revolves around the impact of capping the customer charge, which results in higher energy users subsidizing lower energy users. This is discussed in the context of housing conditions affecting electricity usage, particularly in Mi'kmaw communities and low-income areas.

1 for affordability with increasing costs in these areas of 2 consultation that we're talking about? What's the 3 calculus there? 4 A. (Williams) So, sir, I think the 5 balance is much of what we've talked about already where 6 we do see g...

AI summary The discussion focuses on balancing affordability with increasing costs and the importance of customer engagement and trust for reliability initiatives. The speaker acknowledges efforts to reduce costs and achieve a reasonable revenue requirement but notes the absence of a formal, costed-out plan for consultation and engagement similar to the reliability plan.

DOANE GRANT THORNTON PANEL 1111 Questions, (Deveau) 1 based on the way the information is being disclosed, but 19 And they said that the deductions and 20 taxes in the '25 bridge year and '26-27 test years: 21 22 relate to Nova Scotia Powe...

AI summary The discussion revolves around the accuracy of tax deductions related to Nova Scotia Power's preferred share dividends and whether they were correctly excluded as per the GRA decision. Concerns are raised about potential mislabeling in the utility's table and the need for further verification.

In-ch, (Mahody) 1 DUSTIN MADSEN, Solemnly Affirmed: 2 EXAMINATION ON QUALIFICATIONS BY MR. MAHODY 3 Q. Mr. Madsen, could we begin by 4 confirming that you filed evidence in this matter that's 5 been marked as Exhibit N-34? 6 Confirmed. A....

AI summary Dustin Madsen, President of Emrydia Consulting Corporation, outlines his professional qualifications and experience, including his work in regulatory finance, consulting for regulated entities, and teaching in the field of accounting and regulatory finance.