NON-CONFIDENTIAL 1 Request IR - 11 - Reference: Exhibit B-2 (page 17, lines 3-7, Corporate Administration)
AI summary The text references Exhibit B-2, specifically page 17, lines 3-7, under the Corporate Administration section. It appears to be part of a regulatory proceeding, likely related to corporate administration or financial matters.
44 (d) The increase in corporate administrative costs is due to the increase in office costs which 45 are reviewed in part (c). 46 47 (e) The variance in insurance costs is based on the results of policies that were placed in 2025 48 at co...
AI summary The document discusses increases in corporate administrative and insurance costs, as well as expected declines in communication costs. These changes are attributed to office cost reviews, lower insurance costs in 2025, and internal support additions by IESO Nova Scotia.
15 Explanation of variances at December 31, 2025: 16 17 • Employees (administration) costs to December 31, 2025 are $0.16M (18%) less than the 18 prorated budget amount due to employee start dates later in the period than planned, 19 reduc...
AI summary The document explains variances in administrative and corporate costs as of December 31, 2025, including lower employee costs due to delayed hiring but higher recruitment expenses, increased communication costs, and higher governance costs due to increased work in the first year of operation.
Categories of Spend Jan-26 Feb-26 Mar-26 Apr-26 Employees (Administration) ($135,355) ($301,001) ($258,000) ($414,854) Corporate Administrative ($60,443) ($75,833) ($30,000) ($30,000) Governance $0 ($447,000) ($49,833) ($44,333) Legal and...
AI summary The table outlines spending categories for the period from January to April 2026, showing expenditures on administrative, legal, procurement, and operational activities, with notable variations across months.
15 Figure 9 - Summary of corporate administration costs ($ millions) 2025/2026B 2025/2026A 2026/2027B 2025/2026A vs 2025/2026B % change 2026/2027B vs 2025/2026B % change 2026/2027B vs 2025/2026A % change Various insurance coverages 0.08 0....
AI summary Figure 9 provides a summary of corporate administration costs for different fiscal years, showing variations in expenses for items such as insurance, communications, stakeholder engagement, web hosting, and office costs. The budgeting approach involved reviewing actual costs and expense drivers for the upcoming fiscal year.
Request IR-11: - Reference: Exhibit B-2 (page 17, lines 3-7, Corporate Administration) - IESO Nova Scotia states that " Office costs were not anticipated in the 2025/2026 budget, thus - increasing the total costs in the Office costs subcat...
AI summary The document outlines questions regarding the 2025/2026 and 2026/2027 budgets for corporate administrative costs, including explanations for variances in subcategories such as 'office costs,' 'web hosting,' and 'various insurance coverages.' It also requests details on budgeting methodologies and supporting calculations.
oyed from April 1, 2026 to March 31, 2027 are expected to represent the staffing level going forward. If not, please explain why. Reference: Exhibit B-2 (page 17, lines 3-7, Corporate Administration) IESO Nova Scotia states that " Office c...
AI summary The text discusses budgeting methodology and variances in corporate administrative costs for IESO Nova Scotia, including unexpected office costs, changes in subcategories such as 'web hosting' and 'stakeholder engagement', and reductions in 'various insurance coverages' and 'communications'. Questions are raised regarding the reasons for these changes and the supporting calculations.
July 24, 2026 James A. MacDuff Direct +1 (902) 444 8619 [email protected] Purdy's Wharf Tower II 1300-1969 Upper Water Street PO Box 730 Halifax NS Canada B3J 2V1 Tel +1 (902) 425 6500 Fax +1 (902) 425 6350 Ms. Crystal Henwoo...
AI summary PHP submits closing remarks on the IESO's 2026/27 Revenue Requirement and Fees Application, focusing on the Net Revenue Requirement Variance and Deferral Mechanism, recovery of capital and energy resource supply contract costs, and the IESO's not-for-profit status. The submission highlights goforward issues and clarifies that PHP's non-mention of certain issues does not imply agreement with IESO's position.
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