Topic:"Budgets And Targets" in M13007

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Small Business Advocate (SBA) Information Requests 65 the Application and section 3.3 in particular. 2025/26 Revenue Application Budget March 31, 2026 Actual Ac...

AI summary The document presents the Revenue Application Budget for 2025/26, comparing budgeted amounts with actual figures as of March 31, 2026. It shows variances across various categories such as Administration Salaries and Wages, Facilities and Technology, and Legal and Regulatory, highlighting under and over-budget amounts and percentages.

Q: How do you recommend aligning the fee with costs so that fees go into effect on January 1, at the beginning of Q4? - A: Instead of basing the recovery fee on a budget year that begins at approximately the same time as the IESO NS applic...

AI summary The response suggests aligning the fee with costs by having IESO NS submit a budget one year in advance, including estimated true-up costs, FY2 and FY3 budgets, and CY3 fees based on load forecasts and approved costs. This approach aligns with NS Power's annual load forecast method and reduces misalignment between costs and fee recovery.

Q: What are the drawbacks of your recommendation? A: The main additional disadvantage introduced by this proposal is the increased uncertainty of requiring IESO NS to propose a FY3 annual budget at an earlier date, approximately one year i...

AI summary The main drawback of the recommendation is increased uncertainty due to requiring IESO NS to propose a FY3 annual budget one year in advance. This is less of an issue for IESO NS compared to NS Power and NSPML, as capital projects have little influence on its operating, maintenance, and administration budgets. The respondent agrees that using recent actual loads instead of forecasts for MEUs could reduce administrative burdens.