; and changes in ambient temperatures. These climate-driven issues have the ability to significantly impact NS Power's assets and operations and as such need to be managed proactively and effectively. To mitigate the impacts from key clima...
AI summary NS Power is updating its Climate Adaptation Plan in response to the 2025 General Rate Application proceeding, incorporating climate intelligence into risk mitigation strategies. The plan outlines measures such as storm hardening, flood risk assessments, and wildfire mitigation to enhance resilience across its infrastructure.
5.3. Step 6: Develop a Business Case for Selected Measures This section overviews the procedure for prioritizing recommended adaptation measures. NS Power has robust existing operating and capital expenditure budgeting processes. Adaptatio...
AI summary This section outlines how NS Power integrates climate change adaptation measures into its existing budgeting processes. High-risk assets and mitigation options are prioritized based on cost, ease of implementation, and expected benefits. Risk management plans are developed collaboratively and approved by management and regulatory bodies. The CEJC process and EAM model are used to evaluate and justify capital expenditures.
Additional Investment Requirement NS Power continues to fund wildfire mitigation through its approved capital and operating programs, with investments prioritized using asset condition, reliability, criticality, and wildfire risk informati...
AI summary NS Power is investing in wildfire mitigation but faces challenges in recovering incremental costs beyond approved programs. Additional funding mechanisms, such as government grants or regulatory cost recovery, are needed to accelerate mitigation efforts. Funding should prioritize high-risk areas and be multi-year with proper governance and performance measures.