Topic:"Asset Retirement Obligation" in M13133

NS Power Application for Financing Order to Reduce Costs for Customers Redacted - 1 The DDA Assets proposed for securitization include the Point Aconi Generating Station, Trenton - 2 Units 5 and 6, Trenton Common Assets, Point Tupper Marin...

AI summary NS Power is applying for a financing order to securitize the unrecovered net book value of several DDA Assets, including the Point Aconi Generating Station and various other facilities. The application aims to reduce costs for customers.

6 Figure 2: Unrecovered Net Book Value of the Thermal Assets Unit/Plant Remaining NBV December 31, 2025 Plus: Deferred Financing ($ million) Point Aconi $356.1 Trenton 5 $91.2 Trenton 6 $152.0 Trenton Common Assets $65.3 Sydney Internation...

AI summary Figure 2 presents the unrecovered net book value of thermal assets as of December 31, 2025, including deferred financing costs. The total unrecovered net book value across all listed units and plants is $740.6 million.

- 8 The unrecovered net book value of the thermal generation assets and the associated deferred - 9 financing costs constitute Unretired Generation Costs within the meaning of the Securitization - 10 Regulations and, accordingly, constitut...

AI summary The text discusses the transfer of $713.0 million in unrecovered net book value of thermal generation assets from Property, Plant and Equipment to a Securitization Regulatory Asset, as part of a securitization process under the Securitization Regulations. This is described as Unretired Generation Costs and Securitized Costs that are eligible for securitization.

25 Request IR-5: 26 Page 12 of the application presents Figure 12: Unrecovered Net Book Value of the Thermal 27 Assets as of December 31, 2025, and financing. Please provide an updated version of this table 28 using the forecasted values a...

AI summary The document requests an updated version of Figure 12, which shows the unrecovered net book value of thermal assets and financing, using forecasted values as of December 31, 2026, under the assumption that securitization does not occur.

Request IR-3: - References: Application page 12 - Thermal Assets in the DDA are listed in the application, amounting to $713 Million of Net Book - Value as of December 31, 2025, that has been segregated in the DDA. For each of the assets,...

AI summary Request IR-3 asks for details on the thermal assets in the DDA, including their expected remaining useful life, depreciation methods, weighted average remaining life, and the Net Present Value of retiring these assets over their useful life at the 2026 WACC.