Topic:"Budgets And Targets" in M12719

2010 ACE Plan Directive The Board's Order dated May 11, 2010, included the following directive: …a process whereby the Board will be informed in advance, to the extent possible, of proposed Unforeseen and Unbudgeted ("U&U") expenditures, t...

AI summary The 2010 ACE Plan Directive requires NS Power to notify the Board of proposed Unforeseen and Unbudgeted (U&U) expenditures, their justification, and project updates. NS Power reports no current U&Us requiring approval. The directive emphasizes transparency in budgeting and regulatory oversight.

Less than $1M - 1,670,576 not filed. Project exceeded $1M in spend during construction, but will

AI summary This note reflects an amendment to the report due to a new Board approval threshold of $1,000,000, effective October 30, 2019. The project in question exceeded $1M in spend during construction, indicating the need for updated reporting procedures.