Topic:"Appeal Processes" in M12835

2025 Annual Financial Statements Attachment 6 Page 22 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The FPSC approved Emera's 2024 rate case decision in 2025, denied a motion for reconsideration, and authorized $466 million USD in hurricane-related cost recovery. Capital investments in Florida's electric utility segment are projected at $1.8 billion USD in 2026, including storm hardening and grid modernization. Intervening parties appealed the rate case decision to the Florida Supreme Court.

Renewable Energy Regulations ("RER"): On May 26, 2023, NSPI initiated an appeal, through a proceeding with the NSEB, of the $10 million penalty levied on NSPI by the Province for non-compliance with the RER compliance period ending in 2022...

AI summary NSPI appealed a $10 million penalty from the Province for non-compliance with the RER compliance period ending in 2022. The hearing concluded in 2025, and NSPI awaits a decision from the NSEB.

Base Rates: On April 2, 2024, TEC filed a rate case with the FPSC for new base rates. On December 3, 2024, the FPSC rendered a decision which included annual base rate increases of $185 million USD in 2025 and adjustments of $87 million US...

AI summary TEC filed a rate case with the FPSC in 2024, leading to base rate increases of $185 million USD in 2025 and adjustments in 2026-2027. The FPSC approved the decision in February 2025, but an intervening party appealed to the Florida Supreme Court. In 2025, TEC petitioned for an additional $88 million USD adjustment, which the FPSC approved. The appeal process remains unresolved.

Renewable Energy Regulations: The Province has established targets with respect to the percentage of renewable energy in NSPI's generation mix. Under the RER, the Company currently has a provincially mandated target of achieving at least 4...

AI summary Nova Scotia has mandated NSPI to achieve 40% renewable energy sales by 2029 and 80% by 2030 under the RER. A $10M penalty was imposed on NSPI for 2022 non-compliance, which NSPI appealed to the NSEB in 2023. The appeal hearing concluded in 2025, with a decision pending.