Topic:"Capital Expenditures" in M12665

loaded at PTMT, railed to Trenton, and unloaded. NSPI indicated that "[o]nly minor issues were observed, requiring small modifications to car inspection and coal release protocols." NSPI and its contractors ( ), therefore, "anticipate[d] a...

AI summary NSPI transitioned to a full fleet of 60 aluminum railcars, scrapping remaining steel railcars and terminating a lease. The lease cost was based on a 36-month term, but the actual lease agreement was for five years with options for early termination. The mobilization cost did not match Progress' offer, and the trial period for the railcars was abbreviated.

d reduced volatility during the 2024-2025 period. The , which is the index against which many of NSPI's coal contracts settle, ranged between just under $ and just under (USD) during the Audit Period. Conclusion IV-6: Solid fuel prices use...

AI summary The audit period saw reduced volatility in solid fuel prices, though there were two outlier periods involving increased costs at Trenton 5 and 6. NSPI adjusted marginal costs to HFO during these periods due to inventory challenges. NSPI's procurement processes, RFP execution, and supplier negotiations were generally sound and effective.

FAM Cost of Point Tupper Marine Terminal, International Pier and Capital Projects All fuel handling costs at the International Pier and Point Tupper Marine Terminal are recovered through the FAM. During the Audit Period, FAM-recoverable fu...

AI summary The document discusses the Fuel and Materials (FAM) recovery of fuel handling costs at the International Pier and Point Tupper Marine Terminal, showing significant decreases in costs during the Audit Period. NSPI is responsible for capital expenditures at these terminals, which are recovered through fixed cost recovery in rates. Inspection and next steps reports highlight infrastructure conditions and potential future capital costs.

Figure X-1: NSPI's Thermal Generation Fleet382 Max Net Power Plant Capacity Primary Fuel Secondary Fuel In-Service Year Trenton 5 150 Coal Petcoke 1969 Trenton 6 154 Coal Petcoke 1991 Lingan 1 153 Coal Petcoke 1979 Lingan 2 148 Coal Petcok...

AI summary The document outlines NSPI's thermal generation fleet, including details on power plants, their capacities, fuels, and in-service years. It also notes NSPI's ownership of hydro and wind resources, as well as tax benefits related to these assets.

X.B.3.b.v. LM6000 engine efficiency impact on fuel costs Tufts Cove units 4 and 5 operates three LM6000 engines, with two in place and a third spare that can rotate and replace the others. The three engines are identified as: (1) Engine 19...

AI summary This section discusses the operational efficiency of LM6000 engines at Tufts Cove units 4 and 5, highlighting concerns raised by the Board regarding potential higher fuel costs due to lower-than-rated electrical efficiencies during extended operation. Two Board decisions related to capital investment requests by NSPI are referenced.

X.B.5. Sustaining Capital Sustaining capital investments related to NSPI's power plants are not recovered through the FAM. Despite the remainder of the capital investments being recovered through depreciation expense, and not through the F...

AI summary NSPI's sustaining capital investments for power plants are not recovered through the FAM but are accounted for via depreciation. In 2024 and 2025, NSPI invested $152.2 million and $146.0 million respectively, representing a 13.6% decrease from the prior audit period. These investments are intended to maintain the fleet's operational condition.

Figure X-28: Sustaining Capital by Plant (2015–2025, $mm) 492 Plant 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Lingan $29.3 $26.0 $12.2 $17.1 $16.1 $12.8 $15.6 $24.4 $23.1 $22.5 $6.4 Tufts Cove $6.0 $11.7 $14.9 $12.1 $12.1 $7.0...

AI summary The figure presents sustaining capital investments by plant from 2015 to 2025, showing varying levels of investment across different plants. Hydro units, PHB, and Point Aconi received the highest investment per MW, while Lingan and wind units received the least. Investment levels can fluctuate significantly due to major maintenance overhauls in specific years.

Figure X-29: Average Annual Capital Investment by Plant ($/MW) 494 Plant Audit Period Annual Average ($mm) Capacity (MW) Annual Capital Investment per MW PH Biomass $6.1 43 $141,100 Hydro $46.8 374 $125,102 Pt. Aconi $20.4 168 $121,297 Tuf...

AI summary The table shows average annual capital investment by plant in Nova Scotia, with actual 2025 expenditures differing from modeled assumptions in the Evergreen IRP. The 2022 vintage of the IRP assumptions is likely a factor in these differences.

Figure X-30: 2025 Sustaining Capital Comparison ($mm, Actual vs. IRP) 495 Plant Evergreen IRP Assumption Actual % Increase (Decrease) Trenton $21.5 $11.2 -48% Pt. Tupper $5.5 $4.9 -10% Combustion Turbines (incl. TC 4-6) $17.6 $23.6 34% Pt....

AI summary Figure X-30 compares sustaining capital for various plants under the Evergreen IRP assumption versus actual figures, showing significant variations. NSPI forecasts a decrease in sustaining capital by -3.21% annually until 2050, with several plants expected to be retired or converted by 2030.

026. All inspection, repair, and replacement work was fully covered under the warranty with Nordex, and NSPI did not incur any direct repair or capital costs associated with these remediation actions. NSPI and South Canoe Development Partn...

AI summary NSPI and South Canoe Development Partnership are seeking damages from Nordex for breaches of contract and negligence related to warranty and O&M agreements. All repair and replacement work was covered under Nordex's warranty, and NSPI incurred no direct costs from these actions. An arbitration notice was delivered in August 2024, initiating litigation for the period June 1, 2022, to May 31, 2023.