N-23M12835 Exhibit N-2 Att 3 2025 Managements Discussion AnalysisHIGHLIGHTED
2 passages
Public Health Crisis Risk An outbreak of infectious disease, a pandemic or other public health threats, or a fear of any of the foregoing, could result in a Material Adverse Effect to NSPI. This could include causing operating, supply chai...
AI summary A public health crisis, such as an infectious disease outbreak or pandemic, could lead to a Material Adverse Effect on NSPI by causing operational delays, supply chain disruptions, labor shortages, and impacts on demand, revenue, and capital investments.
Supply Chain Risk NSPl's ability to meet customer energy requirements, respond to storm-related disruptions and invest in capital in a cost-effective and timely manner are dependent on maintaining an efficient supply chain. Domestic and gl...
AI summary NSPI's ability to meet energy demands, manage disruptions, and invest in capital is dependent on an efficient supply chain. Supply chain issues, trade restrictions, inflation, labor shortages, and international conflicts could delay deliveries, increase costs, or cause shortages of critical materials and resources.
20260818-1Hearing Transcript — 08/18/2026 (Chris Lanteigne, Lia MacDonald, Glen MacLeod, Blake Williams)
6 passages
NOVA SCOTIA POWER PANEL 209 Cr-ex, (Rudderham) I just said, it would be anything in the future would be up to this Board to make a determination as to whether it was prudent or imprudent. Q. Okay. So that's not –– the assurance doesn't go...
AI summary The discussion centers on the costs associated with cybersecurity restoration efforts by Nova Scotia Power Inc. (NSPI), with the assurance that the Board will determine the prudence of future costs, while current restoration costs incurred in 2025 and 2026 are being accounted for by the utility and ultimately the shareholder.
INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 and the impacts of the attack. 2 Q. So costs from, like, all those 3 lawyers, I think you said, KPMG, LevelBlue, those types of 4 costs is what you're describing, or...? 5 A. (Willia...
AI summary The text discusses cybersecurity-related costs, including those from external firms like Mandiant and KPMG, as well as customer-related restoration activities such as account recovery and AMI system restoration.
1 approved by the Board, and so any to the extent that 2 there is any costs associated with a delay, and that that 3 delay is determined to be imprudent, then those costs 4 would be dealt with by the Board in the normal course. 5 Q. And on...
AI summary The discussion focuses on the Board's handling of costs associated with delays, particularly in the context of a cybersecurity incident. The witness explains that any costs resulting from delays, including those caused by the incident, are identified and explained in capital plans.
incident-related costs using project codes, similar to how they would track storm-specific costs, correct? [3:40:00] A. (Williams) Yes, certainly certain costs are tracked in that manner. Q. That project code tracking, are those codes do t...
AI summary The discussion focuses on how incident-related costs are tracked using project codes, similar to tracking storm-specific costs. The conversation explores whether these codes align with previously discussed categories and how detailed tracking is managed in real time by employees.
INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 the late fees are absorbed by NS Power; is that what 2 you're saying, the fewer sorry, the late fees resulted 3 at a certain number of less revenue. 4 A. (Williams) The late fees are...
AI summary The discussion revolves around late fees and their impact on revenue and carrying costs for NS Power. The witness clarifies that late fees are not absorbed by the company and that increased carrying costs from restoration efforts are not being passed on to customers.
NOVA SCOTIA POWER PANEL 321 Cr-ex, (Rudderham) 1 issues list. So that is our position with respect to any 2 further question. 3 (SHORT PAUSE) 4 THE CHAIR: So the Panel has discussed 5 and we believe that the issues relating to changes in 6...
AI summary The discussion focuses on the impact of changes in accounts receivable, with Ms. Rudderham requesting clarification on tracking increased carrying costs and their amounts for 2025 and 2026, as well as forecasts for returning to normal levels.