Topic:"Asset Management" in M12835

Asset Impairment Long-lived assets and intangibles are periodically reviewed for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. NSPI bases its evaluation of long-liv...

AI summary NSPI reviews long-lived assets and intangibles for impairment when events suggest their carrying value may not be recoverable. Impairment is determined by comparing undiscounted future cash flows to the asset's carrying value, with write-downs to fair value if cash flows are insufficient. Assumptions are based on historical data, market studies, and internal projections aligned with industry standards.

Asset Retirement Obligations An ARO is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment, or sale of a long-lived asset. A legal obligation...

AI summary The document defines Asset Retirement Obligations (ARO) as liabilities for future disposal or removal costs of long-lived assets, recognized under legal obligations. AROs are calculated using a credit-adjusted risk-free rate, with differences between regulatory and USGAAP accretion expenses deferred to PP&E. Conditional AROs, where fair value cannot be reasonably estimated, are not recognized in financial statements as of December 31, 2025 and 2024.

13. PROPERTY, PLANT AND EQUIPMENT As at December 31 December 31 millions of dollars 2025 2024 Generation $ 4,010 $ 3,873 Transmission 1,495 1,276 Distribution 2,329 2,186 General plant and other 928 863 Total cost 8,762 8,198 Less: Accumul...

AI summary The document presents a table showing the changes in Property, Plant, and Equipment (PP&E) for the years 2024 and 2025, including categories like Generation, Transmission, Distribution, and General plant and other. The net book value of PP&E increased from $4,974 million to $5,385 million, with AFUDC of $17 million capitalized in 2025.

Significant changes in the Consolidated Balance Sheets between December 31, 2025 and December 31, 2024 include: Increase millions of dollars (Decrease) Explanation Assets Receivables, net $ 140 Increased due to timing of billing and receip...

AI summary The Consolidated Balance Sheets show significant changes between December 31, 2025, and December 31, 2024, including increases in receivables, income taxes receivable, and pension assets, as well as changes in debt levels and regulatory assets and liabilities. These changes are attributed to factors like capital investment, timing of payments, and tax credits.

Nova Scotia Power Incorporated - Management Information Circular 2026 Corporate Objective Weight- ing (%) Result Payout (%) Customer Building a reputation for customer\nexperience Objectives included: Threshold: Achieve 2025 Customer First...

AI summary The Management Information Circular 2026 outlines corporate objectives for Nova Scotia Power Incorporated, including customer experience, asset management, and financial goals. Key initiatives include customer training, service restoration improvements, and financial targets such as net earnings and cash flow from operations. Performance metrics and payouts are tied to these objectives.

MTM Adjustments Emera Energy's "Marketing and trading margin", "Income from equity investments" and "Income tax expense (recovery)" are affected by MTM adjustments. Variance explanations of the MTM changes for this quarter and for the year...

AI summary Emera Energy's financial statements are impacted by MTM adjustments, which affect marketing/trading margins, equity investment income, and tax expenses. These adjustments arise from price differentials in gas transactions under Asset Management Agreements (AMAs), offset by amortization of transportation assets over AMA terms.

Asset Retirement Obligations Measurement of the FV of AROs requires the Company to make reasonable estimates concerning the method and timing of settlement associated with legally obligated costs. There are uncertainties in estimating futu...

AI summary Emera discusses the measurement and accounting of Asset Retirement Obligations (AROs), emphasizing uncertainties in estimating future costs due to regulatory changes and technological advances. AROs are recorded based on estimated cash flows, adjusted for credit risk, and depreciated alongside related assets. Conditional AROs are not recognized if their future value cannot be reasonably estimated. As of December 31, 2025, AROs totaled $228 million, with undiscounted obligations of $474 million.

Long-Lived Assets: Emera assesses whether there has been an impairment of long-lived assets and intangibles when a triggering event occurs, such as a significant market disruption or sale of a business. The assessment involves comparing un...

AI summary Emera assesses impairment of long-lived assets when triggered by events like market disruptions or business sales, using undiscounted cash flow analysis. In 2025, $75M ($71M after-tax) impairment charges were recognized for the NMGC disposal group, while $19M was recorded in 2024. Assumptions include historical data, market studies, and long-term projections.

Asset Retirement Obligations An ARO is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a long-lived asset. A legal obligation m...

AI summary Asset Retirement Obligations (AROs) are recognized when legal obligations exist for future disposal or removal costs of long-lived assets. They are measured at fair value using the company's credit-adjusted risk-free rate, with adjustments for actual expenditures. Conditional AROs, where timing/method depends on future events, are not recognized if fair value cannot be reasonably estimated.

Chart of Accounts for Nova Scotia Power Inc. (Consolidated) As of December 31, 2025

AI summary The document presents the Chart of Accounts for Nova Scotia Power Inc. as of December 31, 2025, outlining the financial structure and categorization of assets, liabilities, equity, revenues, and expenses for the company.

LOCATION SEGMENT Location Segment Value Location Segment Description 1310 WIND GENERAL 1350 AVON 1351 BEAR RIVER 1352 BLACK RIVER 1353 DICKIE BROOK 1354 FALL RIVER 1355 HARMONY 1356 LEQUILLE 1357 MERSEY 1358 PARADISE 1359 SHEET HARBOUR 136...

AI summary The document presents a table with location segments and their corresponding descriptions, as well as cost centre segments and their descriptions. These segments are used for categorizing and managing different parts of the utility operations.

- 2) Allowance for materials and supplies is the ending balance as at December 31. Gross Book Value, Asset Additions Accet Transfero Accet Datiromento Total Bassaya baginning Asset Retirements Depreciation & Salvage & Cost of Reclassify to...

AI summary The text discusses the Allowance for materials and supplies as of December 31, presenting a detailed table that outlines various asset categories, their depreciation rates, additions, retirements, and other financial adjustments related to Property, Plant, and Equipment for Distribution Plant - D.

Asset Impairment Long-lived assets and intangibles are periodically reviewed for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. NSPI bases its evaluation of long-liv...

AI summary NSPI evaluates long-lived assets and intangibles for impairment by comparing undiscounted future cash flows to carrying values. Impairment losses are recognized when cash flows fall below carrying values, with fair value determined using historical data, market studies, and projections. Assumptions consider economic factors and market conditions.

Significant changes in the Consolidated Balance Sheets between December 31, 2025 and December 31, 2024 include: Increase millions of dollars (Decrease) Explanation Assets Receivables, net $ 140 Increased due to timing of billing and receip...

AI summary The Consolidated Balance Sheets show significant changes between December 31, 2025, and December 31, 2024, including increases in assets like receivables and property, plant and equipment, and changes in liabilities such as bank indebtedness and short-term debt. These changes are attributed to factors like timing of billing, capital investments, and regulatory deferrals.

Uninsured Risk NSPI maintains insurance to cover accidental loss suffered to its facilities, and to provide indemnity in the event of liability to third parties. A significant portion of NSPI's transmission and distribution assets are not...

AI summary NSPI insures some facilities and third-party liabilities but leaves significant transmission and distribution assets uninsured due to high costs. Insurance policies have coverage limits and time-sensitive reporting provisions, with no assurance of coverage for all potential liabilities.

Use of Management Estimates The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions. These may affect reported amounts of assets and liabilities at the date of th...

AI summary The preparation of consolidated financial statements under USGAAP requires management estimates and assumptions, particularly regarding rate-regulated assets, pension benefits, unbilled revenue, and asset retirement obligations. These estimates are periodically reviewed and adjusted as necessary based on historical experience and current conditions.

FAM Asset Sale: On April 17, 2024, the NSEB approved the sale of $117 million of the FAM regulatory asset to Invest Nova Scotia, a provincial Crown corporation. On April 30, 2024, the transaction closed and the $117 million was remitted to...

AI summary The NSEB approved the sale of $117 million of the FAM regulatory asset to Invest Nova Scotia, a provincial Crown corporation, on April 17, 2024. The transaction closed on April 30, 2024, with the amount remitted to NSPI. NSPI collects amortization and financing costs from customers over a 10-year period and remits these amounts to Invest Nova Scotia quarterly.

LOCATION SEGMENT Location Segment Value Location Segment Description 1310 WIND GENERAL 1350 AVON 1351 BEAR RIVER 1352 BLACK RIVER 1353 DICKIE BROOK 1354 FALL RIVER 1355 HARMONY 1356 LEQUILLE 1357 MERSEY 1358 PARADISE 1359 SHEET HARBOUR 136...

AI summary The text presents a list of location segments and cost centre segments with their respective descriptions, categorizing different areas and functions within an organization's operational structure.