N-12025-2026 Annual Report
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Transparent We are transparent in our work to create a competitive energy system, that allows us to keep the power supply reliable as demand on the grid grows, accelerate the transition to renewable energy, and secure the most cost-effecti...
AI summary IESO Nova Scotia emphasizes transparency and independence in managing the electricity system, ensuring reliability, affordability, and a transition to renewable energy. The IESO operates with a not-for-profit mandate to serve the public interest, as outlined in the More Access to Energy Act, while addressing growing demand and phasing out coal-fired generation.
Delivering Benefits for Customers Long-term electricity planning can seem technical, but its impact is tangible. Better planning helps ensure that new infrastructure investments are made at the right time, that emerging technologies are ev...
AI summary This section discusses the importance of long-term electricity planning in Nova Scotia, emphasizing its role in ensuring infrastructure investments are timely, technologies are evaluated fairly, and the province's priorities of reliability, affordability, and environmental goals are met. It highlights IESO Nova Scotia's commitment to evidence-based decision-making and stakeholder collaboration.
Irrevocable Standby Letter of Credit In January 2026, IESO Nova Scotia issued an irrevocable standby letter of credit in the amount of USD $12,300 to New Brunswick Power Corporation as security for the Tolling Expansion Backstop Agreement...
AI summary In January 2026, IESO Nova Scotia issued an irrevocable standby letter of credit worth USD $12,300 to New Brunswick Power Corporation as security for the Tolling Expansion Backstop Agreement. No funds have been claimed under the letter of credit as of March 31, 2026, and an annual interest charge of 0.3% applies.
Nova Scotia Power Inc (NSPI) employees transfer Certain employees previously employed by NSPI who transferred to IESO Nova Scotia on April 1, 2026, participate in a defined-benefit pension plan (the Plan). NSPI will remain the administrato...
AI summary Nova Scotia Power Inc (NSPI) employees who transferred to IESO Nova Scotia on April 1, 2026, are part of a defined-benefit pension plan administered by NSPI. IESO Nova Scotia is responsible for funding pension obligations, and NSPI holds a lien on IESO's assets for any unpaid pension obligations. The timing and amount of future payments are uncertain.
IESO Nova Scotia's director compensation program is designed to attract and retain people with the skills and experience to act as effective independent directors of IESO Nova Scotia. The Board, with the assistance of its Human Resources a...
AI summary IESO Nova Scotia's director compensation program aims to attract and retain qualified independent directors. The Board, with input from its Human Resources and Governance Committee and an independent consultant, has evaluated compensation against similar entities in Atlantic Canada and nationally.