Highlights of the changes in fuel for generation and purchased power are summarized in the following table: For the Three months ended Year ended millions of dollars December 31 December 31 Fuel for generation and purchased power - 2024 $...
AI summary This section discusses changes in fuel for generation and purchased power, including increased Maritime Link assessments, changes in generation mix, and impacts from the Nova Scotia Output-Based Pricing System (OBPS) carbon tax. It also introduces the Fuel Adjustment Mechanism (FAM) and FAM Regulatory Deferral.
Changes in Environmental Legislation NSPI is subject to extensive regulation by federal, provincial and municipal authorities regarding environmental matters; primarily related to its utility operations. This includes laws, regulations and...
AI summary Nova Scotia Power Inc. (NSPI) is subject to environmental regulations from federal, provincial, and municipal authorities, including GHG emissions, renewable energy standards, and coal phase-out targets. Both the Province and the Government of Canada have set net-zero by 2050 goals, with the Province aiming to phase out coal by 2030. NSPI collaborates with governments to meet these carbon reduction goals.
NSPI received a Certificate of Variance from NSECC on March 25, 2025, which provides flexibility on the timing of SO2 emissions over the 2025 through 2034 period, including compensating for the excess 14,410 tonnes of SO2 emissions in 2022...
AI summary NSPI received a Certificate of Variance allowing flexibility in SO2 emissions timing, reducing compliance costs. Environmental laws and regulations may cause Material Adverse Effects by delaying projects, restricting operations, increasing costs, or requiring compliance measures like carbon taxes. Non-compliance risks penalties, legal actions, and sanctions.