Topic:"Capital Expenditures" in M12412

1 NOVA SCOTIA ENERGY BOARD 2 3 the More Access to Energy Act, 1998, SNS IN THE MATTER OF 2024, c 2, Sch B, (the "Act"); 4 5 6 7 8 AND IN THE MATTER OF an application by the Nova Scotia Independent Energy System Operator ("NSIESO") for an O...

AI summary The Nova Scotia Independent Energy System Operator (NSIESO) has applied for approval of its revenue requirement for the fiscal year ending March 31, 2026. The NSIESO is a new not-for-profit corporation tasked with administering the bulk power system and wholesale electricity markets in Nova Scotia. It is seeking approval for ongoing operational, maintenance, and administrative expenses and will use provincial funding to cover part of these costs.

- 3 The NSIESO is not seeking capital funding as part of this revenue requirement Application. The - 4 NSIESO contemplates that separate application(s) may be made to the Nova Scotia Energy Board - 5 by the NSIESO for approval of capital p...

AI summary The NSIESO is not seeking capital funding in this revenue requirement application but may apply separately for approval of capital projects related to its core functions and energy and capacity procurement initiatives.

19 G. Facilities and Technology ($0.87M) 20 The NSIESO is forecasting $0.87M in ongoing expenses as part of the facilities cost category. This 21 cost category consists of costs incurred in respect of its physical premises and technology n...

AI summary The NSIESO is forecasting ongoing expenses of $0.87M related to facilities and technology, which include costs for physical premises and technology needs.

NON-CONFIDENTIAL 1 Request IR - 3 - RE: Exhibit A-1, p. 10, stating that the NSIESO anticipates future capital applications that may

AI summary The text references an exhibit from a regulatory proceeding, mentioning the NSIESO's anticipation of future capital applications, though the content is incomplete and lacks further details.

April 1 2025 - March 31, 2026 Expenses # Category Apr-25 Forecast May-25 Forecast Jun-25 Forecast Jul-25 Forecast Aug-25 Forecast Sep-25 Forecast Oct-25 Forecast Nov-25 Forecast Dec-25 Forecast Jan-26 Forecast Feb-26 Forecast Mar-26 Foreca...

AI summary The document presents a forecast of expenses for the period April 1, 2025, to March 31, 2026, with a focus on third-party recoveries and integrated resource planning. It includes monthly forecasts and cumulative costs, highlighting specific operational and one-time expenses.

Grouping: Employees & Recruitment (Administration) - "Salaries and W ESTIMATED 2025/2026 4,199,046 Estimate 2025/2026 Nova Scotia Independent Energy System Operator Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-...

AI summary The document presents an estimated breakdown of costs related to project development, procurement management, and employee technology expenses for the Nova Scotia Independent Energy System Operator from 2025 to 2026. It includes figures for site development, software and hardware per employee, and other associated costs.

3.0 PROVINCIAL FUNDING 3.01 Subject to Articles 3.02, 3.03, 6.0 (Termination) and 7.0 (Relationship), the Province agrees to provide funding up to the amount of one-hundred-seventy-five-thousand Canadian dollars ($175,000.00) to the IESO w...

AI summary The Province of Nova Scotia agrees to fund the IESO up to $175,000 for a project, with funds to be transferred by March 31, 2025. The IESO must return unspent funds if the Transition of Work in Progress isn't completed, cannot commit to additional payments beyond the specified amount, and must invest unused funds in short-term Canadian securities rated AA or higher.

3.0 PROVINCIAL FUNDING 3.01 Subject to Articles 3.02, 3.03, 6.0 (Termination) and 7.0 (Relationship), the Province agrees to provide funding up to the amount of two-point-five million Canadian dollars ($2,500,000.00) to the IESO which will...

AI summary The Province agrees to fund the IESO with $2.5 million by March 31, 2025, contingent on completing the Startup Phase. Funds must be invested in AA-rated securities if unused for 90 days, with income added to project funds. The IESO cannot commit additional funds beyond the agreed amount.

Response IR - 26 a) The $0.50 million estimate for the Technology Needs Assessment and Business Case reflects anticipated external consulting services to support the NSIESO in establishing its technology environment through one or more sco...

AI summary The NSIESO estimates a $0.50 million cost for a Technology Needs Assessment and Business Case, involving external consulting services to support its technology environment. The scope includes inventorying Nova Scotia Power's systems, identifying technology needs, and developing a business case with cost and risk considerations. This is a planning estimate, and formal quotes will be sought before proceeding.

Response IR - 19 - The regulatory applications assumed in the proposed revenue requirement include the current - application for approval of a revenue requirement for the fiscal year ending March 31, 2026, and - an anticipated application...

AI summary The response discusses pending regulatory applications for revenue requirements for fiscal years 2026 and 2026/27, noting that NSIESO has not yet determined specific capital project requirements. NSIESO plans to develop a capitalization policy for its assets as part of broader organizational policies.

Request IR - 20 2 Reference: Exhibit N-1(i), pp. 25-26 of 36 3 Under procurement and project management, the NSIESO states: 4 "The costs under this cost category represent 50% of the total costs pertaining to these activities, 5 as the NSI...

AI summary The NSIESO explains that 50% of procurement and project management costs are capitalized due to estimates from service providers. These costs relate to site development for a 300MW powerplant, aimed at de-risking and advancing the schedule in parallel with the RFP. A capitalization policy for these assets is to be developed as part of the NSIESO's broader organizational policies.

19 4.3.2.1 The NSIESO's budgeting process Per the Application, the NSIESO prepared its forecast using a bottom-up approach, informed by information that includes an organizational workplan identifying activities that the NSIESO will carry...

AI summary The NSIESO's budgeting process uses a bottom-up forecasting methodology, informed by an organizational workplan and industry expert input. The NSIESO clarified that the workplan is embedded in the forecast assumptions, with no separate document created. This approach was detailed in their response to DGT's IR-4.

Request IR-20: - Reference: Exhibit N-1(i), pp. 25-26 of 36 - Under procurement and project management, the NSIESO states: - "The costs under this cost category represent 50% of the total costs pertaining to these activities, - as the NSIE...

AI summary The NSIESO proposes capitalizing 50% of procurement and project management costs, with the remaining 50% to be addressed in a subsequent capital project application related to RFP schedule risks. Questions seek clarification on the 50% rate selection, project details, and policy availability.