Topic:"Budgets And Targets" in M12835

- (2) For 2025, the threshold level for Net Earnings was $144M, target level was $160M, and stretch level was $205M. The overall result was below threshold levels, however, the NSP Board approved an interpolated result between 0 per cent f...

AI summary The document outlines the 2025 performance metrics for Net Earnings and CFFO, both of which fell below threshold levels. The NSPI Board recommended a Scorecard result of 88.4% of target after adjusting for the impact of a cyber incident, affecting all NSP executives, including Mr. Gregg.

Energy Efficiency Legislation In April 2014, the Province announced energy efficiency legislation to remove a previous charge for conservation and efficiency programs from power bills of customers in the Province effective January 1, 2015....

AI summary In 2014, Nova Scotia introduced legislation to remove a conservation charge from power bills and required NSPI to purchase efficiency activities from EfficiencyOne. The NSEB approved a $35 million DSM deferral recoverable over eight years, with a portion financed by EfficiencyOne. As of 2023, the deferral was fully recovered, and the balance was repaid. In 2022, the NSEB approved a $173 million budget for 2023–2025, reduced by $4 million due to EfficiencyOne's underspend.