Project Costs Actual Project costs incurred to the end of August 2025 are summarized in Figure 5 below. The costs incurred to date align with the overall project estimate from a general timing perspective as the third BESS site (White Rock...
AI summary As of August 2025, project costs for the BESS sites are in line with estimates, with cost savings in labour and non-labour expenses. The White Rock Road site is in early construction and will incur most of the remaining budget until mid-2026. No contingency has been used due to effective risk management.
Figure 5: BESS Project Cost Summary Expense Type Project Cost Project Cost Remaining Project Actuals Estimate Budget (as of August 30, (Application) 2025) Labour $6,250,645 $9,575,228 ($3,324,583) Project Non-Labour Costs $2,068,129 $5,491...
AI summary Figure 5 presents a summary of the BESS Project costs, including actuals, estimates, and remaining budgets for various expense types as of August 30, 2025. The table highlights significant discrepancies between actual costs and estimates, with some categories showing negative remaining budgets.
NS Power appreciates the opportunity to update the Board on this matter. In accordance with the Capital Expenditure Justification Criteria, the Company will submit a Final Cost Application (FIN) for the BESS project within six months of th...
AI summary Nova Scotia Power Inc. will submit a Final Cost Application (FIN) for the BESS project within six months of the in-service date for the final BESS site (White Rock Road) in 2026, in accordance with the Capital Expenditure Justification Criteria.