N-1Application - Redacted
133 passages
1 • L-6511 was substituted by L-6002, L-6503 2 3 The following progress was made on distribution widening under D010: 4 5 • 62 percent of planned 2025 work has been completed as of October 31, 2025 6 • 80 percent completion is forecast for...
AI summary Progress on distribution widening under D010 shows 62% completion as of October 31, 2025, with 80% expected by year-end. Increased vegetation management costs are attributed to higher traffic control, labor, and expanded scope of work, including enhanced fire monitoring and targeting specific tree species to mitigate risks from wind events.
Project 4 24 20 18 17 % Defined/Complete 100% 100% 80% 72% 68% Percentage towards Class Estimate Comments: This project is being filed as a Class 3 estimate. The defined deliverables for this project indicate that 80% of Class 3 deliverabl...
AI summary This document outlines a Class 3 estimate for a project, indicating that 80% of deliverables are completed. A 15% contingency is included to cover execution risks, market changes, and feedback from governing authorities such as the Department of Fisheries and Transport Canada.
TOTAL - DIRECT & INDIRECT CONSTRUCTION COSTS with CONSTRUCTION CONTINGENCY $ 6,260,000 THIS OPINION OF PROBABLE COSTS IS PRESENTED ON THE BASIS OF EXPERIENCE, QUALIFICATIONS, AND BEST JUDGEMENT. IT HAS BEEN PREPARED IN ACCORDANCE WITH ACCE...
AI summary The document outlines total construction costs, including direct and indirect expenses with a construction contingency of $6,260,000. It explains the basis for the Opinion of Probable Costs and defines various budget classes and contingency allowances, such as Design Development Contingency, Construction Contingency, Escalation/Inflation allowance, and Location Factor.
S, UNFORESEEN LABOUR AND MATERIAL ADJUSTMENTS AND THE LIKE ARE BEYOND THE CONTROL OF CBCL LIMITED. AS SUCH WE CANNOT WARRANT OR GUARANTEE THAT ACTUAL COSTS WILL NOT VARY FROM THE OPINION PROVIDED. Note 1 A Design Development Contingency is...
AI summary The text discusses budget definitions and contingency allowances in project management. It highlights that unforeseen labor and material adjustments are beyond the control of CBCL Limited, and outlines different types of budget classes and their purposes, including design development and construction contingencies.
Not Applicable (NA) NR NR Instrumentation/Control System Discipline Drawings Not Applicable (NA) NR NR Mechanical Discipline Drawings Not Applicable (NA) NR NR Total # Deliverables for 3 15 13 12 12 this Project % Defined/Complete 100% 100...
AI summary The text discusses a Class 3 estimate for a project, noting that 87% of deliverables are complete, with a 10% contingency selected to account for execution risks such as technical field advisor costs, labor, and contract support. The document is part of the 2026 ACE Plan and includes redacted information.
install and that no additional work will be needed to insure proper installation and runout. Any additional work on the stub shaft will be quoted as extra work upon discovery. • The standard NDE performed on these blades is a Magnetic Part...
AI summary The text outlines standard non-destructive testing (NDE) procedures for blades, including Magnetic Particle Inspection (MPI) and Liquid Penetrant Inspection (LPI), as well as conditions for additional work and costs. It also mentions the impact of the COVID-19 pandemic, though no details are provided.
re not ideal for coating the stack or completing concrete refurbishment work could also lead to increased costs due to rework. Delays due to weather will also increase the cost of equipment rentals. Date: December 12, 2025 Page 219 of 782...
AI summary The text discusses potential cost increases due to delays in coating the stack and concrete refurbishment work, as well as delays caused by weather, leading to higher equipment rental costs. It also references a 2026 ACE Plan with a contract number and document instructions.
the pricing in place is a fixed cost awarded via request for proposal (RFP) through a design/build contract. Multiple vendors were engaged during the RFP to ensure best pricing and solution quality Date: December 12, 2025 Page 296 of 782 R...
AI summary The text discusses a fixed-cost pricing model established through a request for proposal (RFP) under a design/build contract, with multiple vendors involved to ensure competitive pricing and quality solutions. The document is part of the 2026 ACE Plan and contains redacted confidential information.
CI Number: C0068888 Project No. : After Tax PV of Revenue PV of EVA / Alternative WACC Requirement NPV Rank IRR Disc Pay A Continuous Ash Hauling System 5.77% 3,245,613 -2,528,869 1 #NUM! 0.0 years B Do Nothing 5.77% 4,435,140 -3,419,061 2...
AI summary The text presents financial analysis of two alternatives: Continuous Ash Hauling System and Do Nothing. It includes metrics such as After Tax WACC, PV of Revenue, PV of EVA/NPV, Rank, IRR, and Disc Pay. There is a 30% variance on capital spend for both alternatives, with corresponding changes in PV of Revenue and PV of EVA/NPV.
TUC3 Continuous Ash Hauling System Continuous Ash Hauling System Avoided Applicable Year Total Revenue Operating Costs Expenses Capital CCA UCC CFBT Taxes CFAT PV of CF Discount Factor CNPV 2025 - (227,519.0) - - - - (227,519.0) 65,980.5 (...
AI summary The document presents a financial analysis of the TUC3 Continuous Ash Hauling System from 2025 to 2033, including revenue, operating costs, capital expenditures, and net present value (NPV) calculations over time.
r be liable for more than the price charged for such material as may prove defective, and no payments shall be withheld by Buyer pending adjustment of liability or amount of cost of alleged errors. For specific questions Date: about line D...
AI summary The text outlines terms and conditions related to liability and payment adjustments for defective materials, specifying that buyers should not withhold payments pending resolution of liability or cost adjustments. It also includes a quotation and contact information for Gavin McInnis from Nova Scotia Power - Tuft's Cove.
owned engine. A new engine would be a magnitude of cost higher when compared to this engine refurbishment and still would require the same inspection and maintenance cost going forward. Contingency: Contingency for this project has been de...
AI summary The text discusses the cost implications of refurbishing an engine versus replacing it with a new one, noting that refurbishment is significantly cheaper. It also outlines the contingency plan, which is based on expert judgment, similar projects, and guidelines, with a 15% contingency allocated for risks related to unforeseen costs during disassembly and inspection.
contingency of 15 percent. Risks intended to be covered by this contingency include unforeseen material and contract cost increases, schedule setbacks, and possible complications during execution. Date: December 12, 2025 Page 364 of 782 RE...
AI summary The text discusses a contingency plan with a 15% buffer to address potential risks such as material and contract cost increases, schedule delays, and complications during execution. It also includes a project cost estimate input checklist and maturity matrix for a transformer addition project.
l Plan & Drawings Not Applicable (NA) NR Foundation / Structure (Tower) Discipline Drawings Preliminary (P) NR S/P P Tower / Structure Location / Spotting Complete (C) NR S/P P C C Instrument Datasheets Complete (C) NR NR/S P P/C C Electri...
AI summary The project is being filed as a Class 3 estimate with 91% of deliverables completed. A 15% contingency was selected to account for unforeseen material and contract cost increases, schedule setbacks, and execution complications.
% 15% $ 2,394,816 $ 359,222 Sub-Total $ 359,222 Vehicle Overhead Vehicle Labour AO $ 44,214 Sub-Total $ 44,214 Administrative Overhead Labour AO $ 74,174 Contractor AO $ 190,854 Sub-Total $ 265,028 SUB-TOTAL (no AO, AFUDC) $ 2,754,038 TOTA...
AI summary The document presents a detailed financial breakdown of costs associated with vehicle and administrative overheads, including labour and contractor expenses, and provides a total cost figure including AO and AFUDC. Notes explain the methodology used for calculating labour figures and note small discrepancies due to rounding.
e: December 12, 2025 Page 390 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) REDACTED 2026 ACE Plan C0053214 Page 3 of 5 Date: December 12, 2025 Page 391 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) REDACTED 202...
AI summary This document outlines a project cost estimate input checklist and maturity matrix for the 76W-T1 Transformer Replacement project under the 2026 ACE Plan. It includes fields for project maturity levels and estimate classifications.
REDACTED 2026 ACE Plan C0070586 Page 3 of 5 Capital Project Detailed Estimate Location: Transmission CI#: C0070586 Title: L6536 Switch Replacement Execution Year: 2026 Completed Similar Description Unit Quantity Unit Estimate Total Estimat...
AI summary The document outlines a capital project detailed estimate for the L6536 Switch Replacement under the 2026 ACE Plan. It provides a breakdown of labor costs for various tasks involved in the project, including engineering, project management, design, and site supervision, with a total estimated cost of $118,277.
100% 100% 59% 44% 44% towards Class Estimate Comments: This project is being filed as a Class 3 estimate. The defined deliverables for this project indicate that 59% of Class 3 deliverables are completed. A contingency value of 20% was sel...
AI summary The document discusses the filing of a Class 3 estimate for a project, with 59% of deliverables completed. A 20% contingency was included to manage risks such as contractor availability, delays in long-lead material delivery, and material cost increases due to tariff threats.
support is limited as vendor is no longer in business. Replacement is the most reliable and cost-effective solution to ensure long-term performance and environmental protection. Contingency Statement Contingency for this project has been d...
AI summary The document discusses the replacement of a transformer due to the vendor no longer being in business, emphasizing that replacement is the most reliable and cost-effective solution for long-term performance and environmental protection. A contingency of 15 percent has been applied to the project based on internal expert judgment and previous experience.
Not Applicable (NA) NR Foundation / Structure (Tower) Discipline Drawings Not Applicable (NA) NR Tower / Structure Location / Spotting Not Applicable (NA) NR Instrument Datasheets Complete (C) NR NR/S P P/C C Electrical Discipline Drawings...
AI summary The project is being submitted as a Class 3 estimate with 97% of deliverables completed. A 10% contingency was selected to account for risks such as overtime work, material costs, and contract cost increases.
NR Tower/Structure Location/Spotting Not Applicable (NA) NR Instrument Datasheets Not Applicable (NA) NR NR/S Electrical Discipline Drawings Complete (C) NR NR S/P P/C C Instrumentation/Control System Discipline Drawings Not Applicable (NA...
AI summary This project is being filed as a Class 3 estimate with 85% of deliverables completed. A 10% contingency was selected to cover risks like equipment replacement, transformer load balancing, and additional tree trimming along service lines.
Lot 1 $ 11,200 $ 11,200 Sub-Total $ 11,200 Meals & Entertainment Meals Lot 1 $ 1,600 $ 1,600 Sub-Total $ 1,600 Other Goods & Services Contingency % 10% $ 953,227 $ 95,323 Sub-Total $ 95,323 Vehicle Overhead Vehicle Labour AO $ 52,787 Sub-T...
AI summary The document outlines various financial line items including meals and entertainment, contingency expenses, vehicle overhead, and interest capitalized. These items are listed with their respective costs and sub-totals.
$ - Sub-Total $ 32,456 Administrative Overhead Labour AO $ 88,397 Contractor AO $ 66,284 Sub-Total $ 154,681 SUB-TOTAL (no AO, AFUDC) $ 1,048,550 TOTAL (AO, AFUDC included) $ 1,288,474 Original Cost $ 227,486 Note 1: The labour figures not...
AI summary The document provides a summary of administrative overhead costs, including labour and contractor expenses, and includes a total budget with and without administrative and construction allowances. The original cost and notes on salary averaging and rounding differences are also included.
NR Instrument Datasheets Not Applicable (NA) NR NR/S Electrical Discipline Drawings Not Applicable (NA) NR NR Instrumentation/Control System Discipline Drawings Not Applicable (NA) NR NR Total # Deliverables for this Project 5 22 20 20 20...
AI summary The document outlines a Class 3 project estimate with 87% of deliverables completed. A 10% contingency was selected to cover risks such as equipment replacement, rock breaking, and additional tree trimming.
C C C Data Architecture Complete (C) P P C C C Security Assessment Complete (C) NR P C C C Privacy Impact Assessment Not Applicable (NA) NR Information Systems / Telecommunication Drawings Preliminary (P) NR P Total # Deliverables for this...
AI summary The project is submitted as a Class 3 estimate, with 79% of deliverables completed. A 10% contingency is included to address risks such as foreign currency fluctuations, additional tariffs, resource rate increases, and potential overtime work.
re foreign currency fluctuations, additional tariffs or duties due to ongoing uncertainties in international supply chains, resource rate increases and potential overtime work that may be required. Date: December 12, 2025 Page 434 of 782 R...
AI summary The text discusses potential cost factors such as foreign currency fluctuations, additional tariffs, resource rate increases, and potential overtime work. It also references the 2026 ACE Plan and includes a checklist for IT/OT projects developed by NSPI.
178 Administrative Overhead Labour AO $ 63,306 Sub-Total $ 63,306 SUB-TOTAL (no AO, AFUDC) $ 10,363,978 Federal Funding Offset $ (10,159,521) TOTAL (AO, AFUDC included) $ 267,941 Original Cost N/A Note 1: The labour figures noted above are...
AI summary This document presents an administrative overhead breakdown, including labour costs and federal funding offsets, as part of a 2026 ACE Plan. It outlines budget figures and notes that the data is for budgeting purposes only.
prietary Information Includes Description, PowerPlant (PP), Detailed Cost Estimate (DCE), and Economic Analysis Model (EAM) (or Total Cost of Ownership (TCO) for IT projects). (3) = System Security
AI summary The text references proprietary information related to power plant details, cost estimates, and economic analysis models. It also mentions system security as a key consideration.
2026 ACE Plan Appendix C Page 9 of 9 NS Power Final Cost Report 3rd Quarter Overview - as of September 30, 2025 This report includes a list of all FIN capital work orders that have fallen outside the timelines under the CEJC. (Within six m...
AI summary The 2026 ACE Plan Appendix C lists capital work orders that have fallen outside the timelines under the CEJC. Projects such as the 2021 Padmount Replacement Program and the 6P Mobile Substation Rewind are either completed or forecast to be outside the allowed FIN tolerances. Final cost applications are planned for submission in 2026.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page 6 of 179 New Updates - Scope Change • As discussed in the 2025 ACE Plan process, there is opportunity to clarify the definition of a Scope Change application in the...
AI summary The document discusses updates to the definition of a Scope Change application in the Capital Expenditure Justification Criteria (CEJC) as outlined in the 2026 Annual Capital Expenditure (ACE) Plan. It emphasizes the importance of clarifying when a project's intent changes, and outlines examples that would trigger a Scope Change application.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page 8 of 179 New Updates – FIN • FINs often take more time to process than other capital applications, due to required final costing activities. • In particular, undersp...
AI summary The 2026 ACE Plan Appendix D discusses challenges in processing FINs, particularly underspent ones, due to delays in final costing and unused contingency. It recommends adjusting the underspend threshold and extending the timeline for filing to improve regulatory efficiency.
and actual spend is less than $1 million threshold, then no Routine ATO application for the specific sub-routine. Final Cost Application (FIN) 33 of 54 51 of 113 Substantive Amended underspend threshold from -5%/-$250,000 to - Requirements...
AI summary The document outlines adjustments to the Final Cost Application (FIN) process, including changes to the underspend threshold and timeline for filing. It also details minor edits to the Thermal section and Appendix A of the Nova Scotia Power Routine Program. These updates are part of the 2026 Annual Capital Expenditure (ACE) Plan.
26 11.1 General Requirements ......................................................................................... 26 11.2 Capital Applica on Requirements ....................................................................... 26 11.3...
AI summary This document outlines requirements related to capital applications, authorization to overspend, final cost applications, and routine expenditures. It includes sections on general requirements, capital cost incurrence, and confidentiality. The content is structured into numbered sections with subtopics detailing specific procedures and classifications.
.......................................................................................... 38 16.0 Confiden ality ................................................................................................................. 39 17.0 Cap...
AI summary The document outlines confidentiality considerations and details the Capital Expenditure Justification Criteria, including sections on innovation, health and safety, environment, land use, and system design.
). Discounted Payback Period: This is a measure of economic value. It represents the number of years required to pay back the ini al capital cost of a project. It measures the levered payback period. DiscreƟonary Project: Investments that...
AI summary The text discusses the Economic Analysis Model (EAM) used by Nova Scotia Power Inc. to calculate the present value of revenue requirements and economic value of projects. It also defines terms such as 'Discounted Payback Period' and 'Discretionary Project'.
an: A long-term planning process and framework within which the costs and benefits of both demand and supply side resources are evaluated to develop the least total cost mix of u lity resource op ons. InformaƟon Request (IR): A request fro...
AI summary This document outlines Nova Scotia Power Inc.'s capital planning and capital expenditure justification criteria, emphasizing the evaluation of demand and supply-side resources, the role of the Investment Review Team, and the use of metrics like IRR in decision-making.
2026 ACE Plan Appendix D Page 19 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document NPCC Emergency Opera on Criteria A-3, is not considered a Special Protec on System. Conven onally sw...
AI summary This document outlines Nova Scotia Power Inc.'s capital planning and capital expenditure justification criteria. It defines the Total Cost of Ownership (TCO) as the sum of upfront capital costs and operating expenses over an asset's useful life. It also explains Unforeseen and Unbudgeted (U&U) capital items, which are not included in prior or current ACE Plans. The Weighted Average Cost of Capital (WACC) is used in the Economic Analysis Model (EAM) to assess the Net Present Value (NPV) of capital projects.
s of the capital approval process. This begins during the development and submi al of the ACE Plan and con nues un l the project is complete and receives final cost approval. NS Power is commi ed to: • Delivering effec ve and efficient servic...
AI summary The Capital Expenditure Justification Criteria (CEJC) ensures NS Power uses consistent economic, financial, and technical standards to justify capital spending, aiming to maximize customer benefits and minimize rate impacts. The process begins with the submission of the ACE Plan and continues until final cost approval.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page 27 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document for the capital project are further defined. All ranking...
AI summary Nova Scotia Power Inc. outlines its capital planning and expenditure justification criteria, emphasizing the review process by an Investment Review Team. Projects are ranked based on criticality and condition, with colors indicating priority and risk levels. Multiple factors may influence rankings, and red indicates high priority.
wing are typical inputs into the model: • Capital investment profile • Opera ng cash flows, including avoided costs The model calculates the following: • Revenue requirement • Income tax associated with the capital expenditures • Discounte...
AI summary The document outlines a model used to evaluate capital investments, including revenue requirements, income tax, discounted net cash flow, and economic indicators like NPV and IRR. Avoided costs are calculated using probabilities of failure, capacity factors, and replacement energy costs, with inflation used as an escalator for future years.
infla on as an escalator will be more closely examined and discussed with stakeholders. Month DD, YYYY Page 19 of 54 Date: December 12, 2025 Page 484 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page...
AI summary The document discusses the use of an economic analysis model (EAM) for capital expenditure justification, highlighting its simplicity, consistency, and ability to provide immediate economic insights. It also mentions limitations, such as the lack of monthly cash flow entry, and the inclusion of sensitivity analyses to test variances in capital spend and project timing.
ty on what is included in the costs comprising each alterna ve. Addi onal clarifying notes, if necessary, can be wri en onto the “Notes/Comments” sec on on the first page/tab of the EAM. Administra ve Overhead (AO) - Project capital cost a...
AI summary The document outlines the inclusion of administrative overhead (AO) in the revenue requirement analysis for capital projects and discusses the potential impact of removing the AO credit on economically justified projects. It emphasizes the need for careful evaluation of AO credits to ensure appropriate project recommendations.
2026 ACE Plan Appendix D Page 35 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document 8.0 Financial Parameters The capital program is financed through a combina on of debt and equity. Th...
AI summary This section discusses the financial parameters used by Nova Scotia Power Inc. (NSPI) in its capital planning, including the weighted average cost of capital (WACC) and its use in calculating the Allowance for Funds Used During Construction (AFUDC). It emphasizes the importance of financial factors such as cost of capital, depreciation, inflation, and investment risk in economic analysis.
separate, or revised capital applica on). • Unforeseen and Unbudgeted (U&U) capital projects. These projects are not included in the ACE Plan and are filed separately for Board approval. • Planned and Advanced (P&A) capital projects. These...
AI summary This document outlines the requirements for Nova Scotia Power Inc. (NSPI) to obtain approval from the Nova Scotia Energy Board (NSEB) for various types of capital projects, including Unforeseen and Unbudgeted (U&U), Planned and Advanced (P&A), Authority to Overspend (ATO), Scope Change, and Final Cost (FIN) applications.
OR 6350 - Assets Not Used or Useful), and the percentage of the asset pool it represents. Month DD, YYYY Page 27 of 54 Date: December 12, 2025 Page 492 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Pa...
AI summary Nova Scotia Power outlines criteria for capital expenditures, emphasizing contingency guidelines, cost support (supplier quotes, contracts), and cost-benefit analyses (engineering reports, business cases) to justify projects. The document details requirements for risk registers, prior experience, and technical reasoning.
to: • Engineering/condi on assessment reports • Independent consultant reports • Planning studies • Business cases Cost Benefit Analysis - This may include but is not limited to: • The Economic Analysis Model; including inputs, assump ons,...
AI summary Nova Scotia Power Inc. outlines required documentation for capital expenditure justification, including cost-benefit analyses, technical studies, procurement records, performance data, and stakeholder engagement materials. The process emphasizes comprehensive due diligence and alignment with regulatory criteria.
Deleted: c • Cost support for the Scope Change request (if applicable); and Deleted: ATO • Updated economic analysis and / or produc on cos ng modelling results (if applicable). 12.3 RouƟne Capital ATO Rou ne capital ATOs are based on the...
AI summary The text outlines requirements for Routine Capital ATO submissions by Nova Scotia Power Inc., including variance thresholds for sub-roune budgets, NSEB approval processes, and documentation requirements. It references the 2026 ACE Plan and capital expenditure justification criteria.
2026 ACE Plan Appendix D Page 45 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document 13.0 Final Cost ApplicaƟon (FIN) Requirements Individual capital item projects that have final costs...
AI summary Nova Scotia Power Inc. outlines criteria for submitting Final Cost Applications (FIN) to the Nova Scotia Energy Board (NSEB) when capital projects exceed +5%/$250,000 or -10%/$500,000 cost variances. Projects below $1 million are exempt from FIN requirements. Submissions must include updated approval sheets, revised project descriptions, and variance explanations.
ec ng the Final Cost of the project; • Line by line project account variances explana ons will be provided for those accounts with material variances; and • Project scope variances. All projects should be final costed within twelve months...
AI summary Nova Scotia Power Inc. outlines criteria for capital asset retirement, including normal wear and tear and inadequacy. The document emphasizes final cost submissions within 12 months of project in-service dates, with exceptions requiring justification. Projects in ATO positions must comply with rate base rules, removing costs from rate base if not filed timely.
2026 ACE Plan Appendix D Page 48 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document 15.0 RouƟne Expenditures 15.1 Foreword NS Power’s Rou ne Program (the Program) is organized and mana...
AI summary Nova Scotia Power Inc. outlines its Routine Expenditures Program under the ACE Plan, detailing recurring capital spending for equipment replacement, productivity improvements, and system growth. The program requires NSEB approval annually, with justification based on historical data and project budgets. Expenditures below materiality thresholds are classified as operational costs.
179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Summary Document 17.0 Capital Expenditure JusƟficaƟon Criteria 17.1 IntroducƟon - General ConsideraƟons The following considera ons are used to evaluate...
AI summary Nova Scotia Power outlines criteria for justifying capital expenditures, emphasizing evaluation of alternatives, technology suitability, cost-effectiveness, compliance with reliability standards, and minimizing operational costs. The approach prioritizes meeting industry performance norms and selecting the least-cost option that satisfies requirements.
anned inspec on/performance programs and industry standards. An economic analysis is carried out such that the least cost op on mee ng all the requirements and constraints specified shall be selected. Thermal produc on assets shall be purc...
AI summary Nova Scotia Power Inc. outlines criteria for capital expenditures, emphasizing economic analysis to select the least-cost option meeting requirements. Assets are replaced if failure risks are high, and investments are justified by cost reductions, financial criteria, and optimized timing. Heat rate improvements and capacity increases are evaluated using system models, with labour impacts calculated annually.
.......................... 25 6.9 Capital Budge ng................................................................................................. 25 6.10 ACE Plan Projects ....................................................................
AI summary The document outlines capital budgeting processes, ACE Plan projects, financial criteria for capital planning, economic analysis of alternatives, and requirements for NSEB approval, focusing on capital application procedures and authorization to overspend policies.
tal Item ATO.................................................................................. 49 12.2 Individual Capital Item Scope Change .................................................................. 49 12.3 Rou ne Capital ATO ........
AI summary The text outlines a document structure covering capital expenditure management, cost application requirements, asset remittance, routine expenditures, and justification criteria. It emphasizes regulatory processes for financial compliance, capital item scope changes, and confidentiality protocols within a regulatory proceeding context.
ital project that is approved and ini ated in one calendar year, but the investment of capital carries over into the subsequent year(s). Capital Cost: The cost required to complete a capital project. Capital Cost Allowance: A yearly deduc...
AI summary The text defines key terms related to capital expenditures, including Capital Cost, Capital Cost Allowance, and the Capital Expenditure Justification Criteria (CEJC). It distinguishes between essential and discretionary capital projects, emphasizing economic rationale and risk implications for NS Power.
nical scenarios, and therefore “doing nothing” results in li le or no risk to NS Power’s system. Month DD, 2025 Page 4 of 113 Date: December 12, 2025 Page 523 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Append...
AI summary The document outlines Nova Scotia Power Inc.'s approach to capital planning and expenditure justification, including the Economic Analysis Model (EAM) for evaluating projects based on economic, environmental, and regulatory criteria.
cts including project scope, jus fica on, budget, approvals and actual project informa on. The so ware can be used to research informa on on past projects and forecast project ac vity into the future. ProducƟon CosƟng Model: A system model...
AI summary The text defines key terms related to project management, capital expenditures, and system stability in energy operations. Concepts include routine capital items, safety projects, scope definitions, and the Special Protection System (SPS), which maintains system stability through load adjustments. A Production Costing Model is also described for forecasting energy costs.
ty, acceptable voltages or power flows. Automa c under-frequency load shedding as defined in the Month DD, 2025 Page 6 of 113 Date: December 12, 2025 Page 525 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Append...
AI summary Nova Scotia Power Inc. outlines capital expenditure justification criteria, defining Total Cost of Ownership (TCO) as upfront and lifecycle costs of capital assets. Unforeseen and Unbudgeted (U&U) projects are those requiring immediate approval outside prior ACE Plans due to unplanned needs, distinct from planned projects (P&A).
t year, are not U&Us despite not being referenced in prior ACE Plans (these are designated as P&A projects). A U&U is submi ed because the capital item cannot wait un l the next ACE Plan for approval. Weighted Average Cost of Capital (WACC...
AI summary Defines U&U (Unforeseen and Unbudgeted) items and explains WACC (Weighted Average Cost of Capital) calculation by NS Power's Finance Team for use in EAM (Economic Analysis Model) to assess capital projects.
2026 ACE Plan Appendix D Page 76 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document 3.0 AdministraƟon This document will be maintained by NS Power. Pursuant to the Board’s 2016 ACE Pl...
AI summary Nova Scotia Power Inc. outlines its commitment to managing capital expenditures via the Capital Expenditure Justification Criteria (CEJC), aligned with the Board’s 2016 ACE Plan Decision. The document emphasizes stakeholder review, Board filings, and adherence to economic, financial, and regulatory standards for capital project approvals.
s represent projects that carry a higher risk than the projects in the green rankings. While the colours provide a visual illustra on of risk, the ranking numbers are the focus of the ranking process. A lower ranking suggests a lower level...
AI summary The document outlines Nova Scotia Power's approach to capital expenditure justification, emphasizing risk-based project rankings and asset management. Lower-ranked projects may still be prioritized if asset conditions deteriorate, with decisions guided by NS Power staff and third-party experts.
Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document ASSET MANAGEMENT CRITICALITY & CONDITION RISK ALIGNMENT MATRIX Criticality (Based on Consequence) CRITICALTY VALUE RISK MATRIX Health & Safety Environment Business Susta...
AI summary The document outlines criteria for justifying capital expenditures, emphasizing asset management risks related to health, safety, environment, and business sustainability. A risk matrix aligns criticality based on consequences like regulatory breaches, safety incidents, and environmental impacts, with criticality values assigned to different risk levels.
ital projects follow disciplined capital planning, budge ng and execu on processes. Figure 1.0: Summary of NS Power Capital Planning, Financing & Budge ng 6.4 AccounƟng Policies and Procedures NS Power’s Accoun ng Policies and Procedures a...
AI summary NS Power's accounting policies and procedures require Board approval, with revisions submitted to the NSEB. The company uses USGAAP for external financial reporting and follows capital expenditure justification criteria. The document outlines guidelines for classifying expenditures as capital or operating expenses.
efit to customers while allowing NS Power to meet its objec ves. The capital planning cycle for any given year typically begins early in the preceding year and concludes at the filing of the ACE Plan. Although the oversight and management...
AI summary Nova Scotia Power Inc. (NS Power) outlines its capital planning process, emphasizing centralized oversight and annual ranking of projects based on health and safety, regulatory compliance, customer reliability (SAIDI, SAIFI), requirement to serve, and economic factors (NPV, ACHI). Projects are reviewed to align with strategic goals and ensure justification.
I, CAIDI • Requirement to Serve • Economics: Based on Revenue Requirement, Net Present Value of the Project, Levelized Cost Analysis, $/ Avoided Customer Hours of Interrup on (ACHI) Each year, the capital program includes those projects wh...
AI summary The document outlines Nova Scotia Power Inc.'s capital expenditure justification categories, emphasizing projects essential for health, safety, regulatory compliance, and service delivery. Economic evaluation methods include revenue requirement analysis, net present value, and levelized cost analysis. Capital decisions are influenced by factors like resource availability, maintenance cycles, and cash flow constraints.
(IRR) and discounted payback period for each alterna ve Each year an updated version of the model is provided to users with current tax rates, deprecia on rates and WACC. With respect to avoided costs, avoided costs are calculated using pr...
AI summary Nova Scotia Power (NS Power) outlines methods for evaluating project economics using avoided costs, including capacity factors, maintenance, and replacement energy forecasts. Projects are deemed economic if avoided costs exceed capital costs, with a payback period defined as when benefits equal avoided costs. Inflation is used as an escalator for year six onward, and NS Power will compare inflation estimates to fuel forecasts for ongoing validation.
pursuant to the 2016 ACE Plan Terms of Consensus, NS Power also provides a version of the overall revenue With respect to various alterna ves considered within an EAM, project developers will requirement table based on stakeholder assump o...
AI summary NS Power's revenue requirement table, based on stakeholder assumptions and EAM, includes administrative overhead. Capital expenditures equaling depreciation do not affect rate base or revenue requirement, as rate base remains stable when capital spending matches depreciation. Developers must clarify alternative cost structures in EAM.
.4 Total Cost of Ownership Deleted: 5 In the Board’s 2022 ACE Plan decision, the Board provided the following direc ve: [T]he Board directs NS Power to use a TCO for IT projects over $1 million when an EAM is not provided, whether or not a...
AI summary The Board's 2022 ACE Plan decision mandates NS Power to use Total Cost of Ownership (TCO) for IT projects over $1 million when an Economic Analysis Model (EAM) is unavailable. TCO encompasses capital and operating costs over an asset's useful life, aiding value-for-money comparisons. The TCO timeframe must align with the IT asset's expected useful life.
ing process because it is at this stage that NS Power assesses future scenarios and commits the financial and physical resources needed to achieve its objec ves. The process consists of the following: 1. Consolida ng the es mated cost for...
AI summary Nova Scotia Power Inc. (NS Power) outlines its Annual Capital Expenditure (ACE) Plan process, which involves consolidating project costs, developing the ACE Plan, and re-evaluating projects post-approval. The ACE Plan must align with the Capital Expenditure Justification Criteria (CEJC) and is approved by NS Power’s Executive Team and the Nova Scotia Energy Board (NSEB). Projects must answer three questions to justify inclusion.
nditures for the replacement of and addi ons to equipment for delivering electrical energy from points on the transmission system to customers served at voltages below 69 kV. General Plant: Includes expenditures for computer so ware, compu...
AI summary The document outlines Nova Scotia Power Inc.'s categorization of capital expenditures into Essential (required by law, safety, or environmental mandates) and Discretionary (non-essential projects). It emphasizes that Essential projects include compliance with regulations, safety initiatives, and environmental efforts, while Discretionary projects are not legally mandated. The text references the 2026 ACE Plan and the Capital Expenditure Justification Criteria.
2026 ACE Plan Appendix D Page 94 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document 2. Emergency Projects that usually arise as a result of an unforeseen event. These projects must be...
AI summary Nova Scotia Power Inc. categorizes capital expenditures into emergency, technical, and discretionary projects. Emergency and technical projects are mandatory for system reliability, while discretionary projects are economically driven with a 'do nothing' alternative. Discretionary projects may reduce revenue requirements but are not essential for safety or reliability.
nalyses Income tax is included in the economic analysis of capital projects. Month DD, 2025 Page 33 of 113 Date: December 12, 2025 Page 552 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page 100 of 17...
AI summary The document outlines Nova Scotia Power Inc.'s approach to capital expenditure justification, emphasizing the inclusion of income tax in economic analyses. It distinguishes between tax depreciation (capital cost allowance) and rate-making depreciation, noting that the latter is used for revenue requirement calculations while the former affects taxable income.
in the calcula on of taxable income or cash flows. It is recognized in the calcula on of revenue requirement. Capital Cost Allowance CCA is deprecia on for tax purposes. CCA is a deduc on against taxable income. Capital Cost Allowance is b...
AI summary The text explains Capital Cost Allowance (CCA) as a tax depreciation method distinct from plant depreciation. It emphasizes NS Power's need to secure investment capital by maintaining investor confidence and ensuring financial soundness of capital projects through rigorous analysis.
sa sfy NS Power that, in addi on to being economic, it is a financially sound investment. Month DD, 2025 Page 34 of 113 Date: December 12, 2025 Page 553 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D P...
AI summary Nova Scotia Power Inc. outlines capital planning priorities, emphasizing essential projects over discretionary ones. It discusses investment risk, noting that uncertainty increases with project duration and inherent risks tied to project-specific unknowns.
ACE Plan Appendix D Page 102 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document 9.0 Economic Analysis of AlternaƟves 9.1 IntroducƟon The guiding principle of economic analysis is to s...
AI summary Nova Scotia Power Inc. outlines its approach to economic analysis of alternatives for capital expenditures, emphasizing cost-effectiveness and value for customers. The analysis includes evaluating traditional and non-traditional options, estimating revenue contributions, and using methods like net present value and sensitivity analysis to identify the least costly alternatives.
d generator capacity factors in the EAMs for a period of five years. NS Power uses an es mate of infla on as an escalator for years six (6) onward to determine future year avoided costs. On an annual basis, NS Power will compare its es mat...
AI summary NS Power uses inflation as an escalator for avoided costs beyond five years, with annual comparisons to fuel forecasts. Financial parameters like AFUDC, book depreciation, and cost of capital are critical for evaluating capital expenditures. Discrepancies between inflation estimates and fuel forecasts may trigger stakeholder discussions.
assessed on the asset. Cost of Capital: The weighted average cost of all capital employed by NS Power. Taxes: The taxes payable by NS Power on its earnings and the capital it employs to finance projects. Capital Cost Allowance: Deprecia on...
AI summary The document outlines Nova Scotia Power Inc.'s Capital Planning & Capital Expenditure Justification Criteria, detailing cost components for economic analysis, including relevant costs, cost estimates, by-product receipts, and unequal lives. It emphasizes evaluating revenue requirements and capital project impacts.
The es mate of the costs and benefits of a capital project should show the difference in revenue requirement as a result of undertaking the project. 9.1.3.2 Cost EsƟmates Reliable es mates and forecasts are vital to the capital investment d...
AI summary The text outlines principles for estimating capital project costs and benefits, emphasizing accurate revenue requirement differences. Guidelines stress focusing on future post-tax revenues, differential costs, and opportunity costs to ensure realistic capital expenditure decisions.
be used more than one way, it has an opportunity cost. In general terms, an opportunity cost is the benefit lost by taking one ac on as opposed to another. It is the revenue requirement generated by an investment project that is of primary...
AI summary The text discusses economic analysis of capital expenditures, emphasizing revenue requirement and accurate payment estimation. It defines opportunity costs, distinguishes between internal and external payments, and outlines criteria for cost allocation in Nova Scotia Power Inc.'s capital planning process.
wn from stores or spares do create payments to an outside en ty when they are replaced and must be included in the es mate. 9.1.3.3 Receipts from the sale of by-products A by-product is any physical result of an alterna ve which is not a p...
AI summary The text discusses financial considerations for capital investments, including payments from replacing assets, credits from by-product sales, and methods for comparing projects with unequal lifespans (e.g., chain replacements or terminal values). By-product revenues reduce operating & maintenance costs in revenue requirement calculations.
When an ac ve market exists for a capital asset, such as an automobile, the poten al net receipts from sale of the asset must be used as the terminal value. 2. When no ac ve market exists for a retained asset, such as a distribu on line, t...
AI summary The document outlines methods for determining terminal values of capital assets, distinguishing between active market scenarios (using potential net sale receipts) and non-active market scenarios (using straight-line proration of replacement costs). It provides an example involving a distribution line with 33% remaining service life and $450,000 replacement cost, assigned a $150,000 terminal value. Terminal values are included in economic cost comparisons as receipts.
isons as receipts. 9.1.4 Analysis Period Depending on the nature of the capital investment, the analysis melines will vary. 9.1.4.1 The Planning Horizon - Economic Life The criterion to es mate the life of a project is the con nued ability...
AI summary The text outlines criteria for determining the economic life of capital investments, emphasizing the interplay between physical, technological, and product market lifespans. It defines economic life as the shortest of these periods or when cost differences between alternatives become negligible, highlighting the need for comprehensive analysis of project viability.
e market, its economic life has ended for the organiza on as soon as the manufacturer ceases to produce the product, market the product, or provide spares and services. Month DD, 2025 Page 40 of 113 Date: December 12, 2025 Page 559 of 782...
AI summary The document outlines Nova Scotia Power Inc.'s approach to calculating Net Present Value (NPV) for capital expenditure decisions, emphasizing the time value of money, discounting future costs to the present, and using the cost of capital as the discount rate to ensure investment recovery and return. It highlights the importance of revenue requirements in investment decisions, independent of financing methods.
ing the cost of capital as the discount rate automa cally provides for not only the recovery of the investment, but also a return on the investment at least equal to the cost of capital. A er the es mates have been converted to their prese...
AI summary The text describes Nova Scotia Power's use of the Economic Analysis Model (EAM) to evaluate projects through net present value (NPV) calculations and sensitivity analysis. It emphasizes NPV as a tool for comparing alternatives and identifying risks from input assumptions, with sensitivity analysis assessing how variations in estimates affect project economics.
When mul ple projects relate to the same asset, or ini a ve Jus fica on Criteria Including: they should be grouped as a package.¶ • Sub Criteria (when applicable) • Descrip on of why the project is being undertaken (i.e. Why do this projec...
AI summary The text outlines criteria for grouping related capital projects and evaluating their justification, including project necessity, timing, methodology, and affiliate involvement. It specifies parameters for identifying related projects based on asset, unit, or location.
tract terms & condi ons • Management’s best es mate based on previous experience or related projects Addi onal Informa on required to jus fy the project - This may include but is not limited to: • Engineering/condi on assessment reports •...
AI summary Nova Scotia Power Inc. outlines criteria for justifying capital expenditures, requiring engineering reports, economic models, performance data, and technical details. The process emphasizes thorough documentation and analysis to ensure project viability and alignment with strategic goals.
ect amount; • Cost support for the ATO request; and • Updated economic analysis and / or produc on cos ng modelling results (if applicable). 12.2 Individual Capital Item Scope Change Scope Change applica ons are intended to request Board a...
AI summary The document outlines procedures for handling scope changes in capital projects, requiring Board approval and combining applications if ATO/FIN thresholds are exceeded. It emphasizes cost support for ATO requests and updated economic analysis for capital expenditure justification.
2026 ACE Plan Appendix D Page 117 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document 13.0 Final Cost ApplicaƟon (FIN) Requirements Individual capital item projects that have final cos...
AI summary Nova Scotia Power Inc. outlines requirements for Final Cost Applications (FIN) when capital projects exceed cost variance thresholds (+5%/$250,000 or -10%/$500,000). Submissions must include updated approvals, revised project descriptions, variance explanations, and scope changes. Projects below $1 million do not require a FIN.
179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document 17.0 Capital Expenditure JusƟficaƟon Criteria 17.1 IntroducƟon – General ConsideraƟons The following considera ons are used to evaluate...
AI summary Nova Scotia Power Inc. outlines capital expenditure justification criteria, emphasizing evaluation of alternatives, technology suitability, cost analysis, compliance with reliability standards, and selection of the least-cost option meeting requirements. The Integrated Resource Plan (IRP) is referenced as a framework for decision-making.
ed na onal standards of stability and flood management capability for exis ng structures, or where accepted criteria of "due diligence" for public and environmental safety cannot be met. • Generator stators will be rewound when there is a...
AI summary NS Power outlines procedures for generator stator maintenance and thermal asset replacement, emphasizing insulation testing, economic justification for capital expenditures, and compliance with Nova Scotia's Renewable Electricity Standards. Decisions prioritize energy value over costs and align with renewable energy mandates.
at the least cost op on mee ng all the requirements and constraints specified shall be selected. Month DD, 2025 Page 67 of 113 Date: December 12, 2025 Page 586 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appen...
AI summary Nova Scotia Power Inc. outlines criteria for capital expenditures, emphasizing cost reduction, system optimization, and economic analysis. Key factors include failure probability, heat rate improvements, capacity increases, labor impacts, and forced outage rate modeling using system dispatch and economic analysis models.
genera on, o en at a higher cost than the exis ng genera on. These costs are es mated using the probabilis c produc on model and incorporated into the Economic Analysis Model. 17.8 System Design Nova Sco a Power’s transmission system is di...
AI summary Nova Scotia Power Inc. estimates generation costs using a probabilistic production model integrated into the Economic Analysis Model. The transmission system is classified into primary, secondary, and electrically remote categories with distinct design criteria. NS Power adheres to NPCC Directory #1 for bulk power system design, ensuring alignment with interconnected grid standards.
ther transmission plant so as to eliminate NS Power’s requirement for the plant in ques on. • Replace the transmission plant as to maintain NS Power’s transmission system. • Any repairs, upgrades or modifica ons will be costed as per the m...
AI summary The document outlines Nova Scotia Power's approach to transmission and distribution system upgrades, emphasizing cost justification for capital expenditures and adherence to service provision requirements. It details criteria for replacing transmission infrastructure, cost calculation standards, and the integration of distribution systems with customer service needs.
t feeders has been fully u lized. In addi on, cable ra ngs for normal and emergency condi ons should be determined by reference to the “Underground Standards Manual”. • Conductors Overhead conductors are considered to be overloaded when th...
AI summary The document outlines procedures for identifying and addressing overloaded equipment on Nova Scotia Power Inc.'s distribution system, referencing specific manuals and criteria for conductor loading, equipment ratings, and economic justification of solutions.
2026 ACE Plan Appendix D Page 142 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document For overloading equipment problems the costs are iden fied such that the least cost op on mee ng a...
AI summary Nova Scotia Power Inc. outlines criteria for addressing overloaded equipment and deteriorated conductor issues. Overloaded equipment solutions prioritize least-cost options, including replacement or system reconfiguration. Conductor replacement is justified by safety risks, outage levels, or economic factors, with failure to meet any criterion sufficient for replacement.
2026 ACE Plan Appendix D Page 143 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document • Lineworker Safety – General Linework When tests indicate that the torsional duc lity of individu...
AI summary Nova Scotia Power Inc. outlines criteria for conductor replacement based on safety (torsional ductility testing), economic analysis (energy losses, maintenance costs), and physical deterioration (galvanizing coating loss). Replacements are justified when conductors fail technical standards or economic evaluations show cost-effectiveness over their remaining life.
2026 ACE Plan Appendix D Page 144 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document The protec on of the distribu on plant and public and employee safety is provided in Distribu on E...
AI summary Nova Scotia Power Inc. outlines criteria for capital expenditures to protect distribution systems, ensuring safety, service continuity, and economic justification. The process evaluates costs for solutions like protective devices, reconductoring, and system upgrades, emphasizing cost-effective measures to prevent transformer/capacitor failures.
6 ACE Plan Appendix D Page 145 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document • Grounding – Economic Jus fica on Procedure To reduce the earth poten al the costs are iden fied suc...
AI summary Nova Scotia Power Inc. outlines capital expenditure justification criteria for grounding, joint use agreements, highway relocation, radio interference voltage, and voltage unbalance. Costs include labor, materials, and compliance with regulations like DEP 5.50 and the Radio Communication Act. Joint use agreements with Bell Aliant aim to reduce costs for both parties.
r other similar methods. Voltage Unbalance Expenditures may be required due to viola on of the criteria outlined in DEP 5.50 "Distribu on Feeder Balancing" on NS Power's system. Alterna ve methods of solving this problem would include phas...
AI summary The text outlines capital expenditure requirements for addressing voltage unbalance, flicker from motor starting, and wood pole retreatment under NS Power's criteria. It references DEP guidelines for distribution feeder balancing and voltage flicker, emphasizes customer responsibility for flicker mitigation, and details conditions for wood pole retreatment using approved preservatives.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Page 147 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document Pole Retreatment - Economic JusƟficaƟon Procedure The...
AI summary Nova Scotia Power Inc. outlines procedures for pole retreatment based on structural integrity studies and sets metering equipment standards requiring Measurement Canada (MC) Type Approval and periodic verification under S-E-02 specifications. The approach emphasizes cost-effective capital expenditures and compliance with regulatory metering requirements.
nd Re-verifica on of Electricity Meters", before being placed in service. Meters are also brought in from ac ve service on a periodic basis for re-verifica on according to this standard. • Meters being purchased at the present me for kWh m...
AI summary The document outlines meter verification standards, replacement conditions, and capital expenditure justification criteria for Nova Scotia Power Inc. It emphasizes economic considerations in selecting standard meters due to re-verification costs and discusses Measurement Canada's testing requirements for accuracy and compliance.
2026 ACE Plan Appendix D Page 148 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document • When meters fail the criteria specified in the Standard, depending upon the economics (i.e. labo...
AI summary Nova Scotia Power Inc. outlines procedures for meter replacement and repair based on economic evaluations, including directives from Measurement Canada and cost comparisons between repair and replacement options. Decisions depend on factors like labor/material costs, spare parts availability, and MC orders.
lity, the costs to repair the meter at a manufacturer's facility. Included in these costs are labour, material, expenses, overhead, shipping and any other relevant costs. • Meters which fail re-verifica on according to the document S-E-02,...
AI summary The text outlines cost considerations for repairing failed electricity meters, including labor, materials, and depreciation practices. It also describes NS Power's capital expenditure justification criteria for building facilities, emphasizing safety, asset protection, and cost-effective modifications.
& Capital Expenditure JusƟficaƟon Criteria Detailed Document • To eliminate condi ons which, in NS Power's opinion, cons tute hazards to NS Power's personnel or to the general public; • To meet NS Power's obliga ons to third par es or to c...
AI summary NS Power outlines criteria for capital expenditures, emphasizing hazard elimination, regulatory compliance, asset protection, and facility maintenance. Economic justification procedures evaluate building projects based on lifecycle costs, productivity impacts, and compliance with codes.
ojects will be cost jus fied over the life of the building and all costs taken into account (labour, material, expenses, administra ve overhead, interest and all other relevant costs). • Furniture and equipment will be replaced on an equiv...
AI summary Nova Scotia Power Inc. outlines criteria for justifying capital expenditures, emphasizing comprehensive cost analysis over a building's lifecycle, including operational, construction, and safety-related expenses. Projects must consider factors like staffing impacts, environmental compliance, and long-term operational costs.
and management, temporary reloca ons, contractor costs, re rement of old facili es) • Cost of preliminary inves ga on, study and engineering • Relevant safety and environmental issues • Long range needs (business requirements of the invest...
AI summary The text outlines cost considerations for infrastructure investments, emphasizing factors like safety, long-term needs, and selecting the least-cost option. It defines telecontrol and telecommunications facilities critical for supervising and protecting the Bulk Power System via SCADA and remote monitoring.
ng NS Power staff; rent or lease facili es and provide services using NS Power staff; rent or lease facili es and contract to others for services; and variants of the above as appropriate. Each alterna ve will be subject to full life cycle e...
AI summary NS Power evaluates alternatives for replacing facilities and services, prioritizing net present value (NPV), compliance with industry reliability standards (NPCC/NERC), and operational cost efficiency. Alternatives are ranked based on lifecycle economic analysis, including capital, lease, and operational costs.
ate the purchase, replacement or upgrade of Informa on Applica on and Hardware Systems at NS Power: Month DD, 2025 Page 86 of 113 Date: December 12, 2025 Page 605 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Ap...
AI summary Nova Scotia Power Inc. outlines criteria for evaluating the repair, upgrade, or replacement of Information Application and Hardware Systems. Decisions are based on capacity, security, service level requirements, and economic analysis comparing repair, system upgrades, or replacement options to meet business needs.
eliminate NS Power's requirement for the plant in ques on. • Replace the Informa on Applica on and Hardware System as to maintain current business requirements. • Any repairs, upgrades or modifica ons will be costed as per the manufacturer...
AI summary The text outlines requirements for replacing NS Power's information application and hardware system, emphasizing total cost of ownership (TCO) analysis for repairs, upgrades, and new systems. It also classifies vehicles into transport and work categories, noting their roles in service delivery.
b func ons change and new technologies evolve, a different vehicle may be specified. Vehicle expenditures and decisions on vehicle maintenance and replacement are the responsibility of Fleet Services. The Fleet Services group provides predi...
AI summary NS Power uses lifecycle costing to evaluate vehicle replacement decisions, with Fleet Services managing maintenance and replacements. The approach prioritizes economic efficiency based on predictive maintenance, age, and mileage. Capital expenditures for equipment replacements are categorized under routine programs, varying annually in scope.
9 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document Appendix B: Capital Item DocumentaƟon Policy & Review Requirements ObjecƟve To specify the documenta on required to provide reasonable as...
AI summary Nova Scotia Power Inc. outlines a policy requiring detailed documentation for all capital expenditures to ensure customer benefit, regulatory compliance, and accountability. The policy emphasizes evaluating alternatives, analyzing costs, and maintaining records for transparency and historical reference in capital project management.
port capital decisions, including development, jus fica on, cost analysis and spending. Month DD, 2025 Page 95 of 113 Date: December 12, 2025 Page 614 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix D Pag...
AI summary Nova Scotia Power Inc. outlines its capital planning process, requiring analysis of alternatives and documentation of infeasible options. A two-tier review process is mandated, with Level 1 involving project managers and departmental approvers evaluating projects against Capital Expenditure Justification Criteria.
ng that the item meets the technical and financial criteria contained in the Capital Expenditure Jus fica on Criteria at the me the project is approved. Documenta on Requirements: Sufficient documenta on will be maintained to provide reasona...
AI summary The document outlines requirements for capital expenditure justification, emphasizing documentation to ensure compliance with NS Power's financial and technical criteria. It details review levels for processes like ACE Plan approval and capital spending, with oversight by NS Power and the Nova Scotia Utility and Review Board.
2026 ACE Plan Appendix D Page 165 of 179 Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document Exhibit A Note: The descrip ons provided are intended to be used as guidelines. The actual file co...
AI summary The document outlines Nova Scotia Power Inc.'s capital planning and expenditure justification criteria, detailing authorization levels, analysis of alternatives, and capital item detail requirements. It emphasizes structured approval processes, including divisional and corporate approvals, and evaluates spending against the ACE Plan and forecasts.
- Why do the project? - Why now? - Why this way? - References - legisla on, regula ons Reason for over or under expenditure, final cos ng - Descrip on D) Economic Analysis Analysis output including: - Suppor ng documenta on for x x revenue...
AI summary The document outlines capital expenditure justification criteria for Nova Scotia Power Inc., emphasizing economic analysis, technical/financial criteria, and supporting documentation for revenue, costs, and project scope changes. It references the NSEB and other entities, focusing on expenditure reasoning and compliance with regulatory standards.
Nova ScoƟa Power Inc. Capital Planning & Capital Expenditure JusƟficaƟon Criteria Detailed Document DescripƟon Contents Level 1 2 Budget es mates x Other relevant informa on - (content will vary) x Examples include: - Regula ons, acts, cod...
AI summary The document outlines Nova Scotia Power Inc.'s capital expenditure justification criteria, emphasizing budget estimates, regulatory compliance, engineering studies, permits, and cost control processes. It includes supporting documents like outage reports, engineering assessments, and cost monitoring frameworks for capital planning.
2026 ACE Plan Appendix E Page 2 of 17 Mersey Hydro Update Non-Confidential 1 TABLE OF CONTENTS 2 3 1.0 INTRODUCTION .............................................................................................................. 3 4 2.0 SUST...
AI summary The document outlines the Mersey Hydro Update as part of the 2026 ACE Plan Appendix E, covering investment sustainability, project development, NPV analysis, and upcoming IRP considerations. Sections include redevelopment, decommissioning costs, and stakeholder engagement, though content is partially redacted.
1 1.0 INTRODUCTION 2 3 NS Power owns and operates the Mersey Hydro System (MHS), a series of six hydroelectric 4 stations and a lake storage diversion along a 21km reach of the Mersey River. The 2026 ACE Plan 5 focuses on sustaining capita...
AI summary NS Power is updating the 2026 ACE Plan to address sustaining investments for the Mersey Hydro System (MHS) while evaluating long-term options via the Integrated Resource Plan (IRP). The Board directed NS Power to include NPV analyses comparing decommissioning, partial decommissioning, and redevelopment options, along with assumptions, in the ACE Plan application following the next depreciation study.
conducted since the filing of the 2025 ACE Plan related to evaluating 26 and costing the MHS decommissioning and partial decommissioning options. 27 28 10. The Board directs NS Power to include cost estimates for further preliminary 29 eng...
AI summary The Nova Scotia Energy Board (NSEB) directs Nova Scotia Power Inc. (NS Power) to include detailed cost estimates for Mersey system updates in its 2026 ACE Plan, including preliminary engineering, stakeholder engagement, environmental studies, and procurement costs. These estimates must also be incorporated into NS Power’s NPV analysis comparing the Mersey Redevelopment Project to decommissioning options.
1 future of the Mersey Hydro System (MHS). While the analysis includes simplified assumptions 2 for replacement energy and capacity costs, these do not represent a comprehensive system level 3 evaluation. A complete review combining decomm...
AI summary The text discusses the redevelopment costs of the Mersey Hydro System (MHS), noting that current estimates use simplified assumptions and require a comprehensive system-level evaluation. A detailed analysis combining decommissioning, redevelopment capital estimates, and system modeling will be conducted as part of the upcoming Integrated Resource Plan (IRP) process to ensure accurate cost comparisons.
decommissioning projects. 27 28 Boreas Heritage revisited the 2018 archaeological costings and assumptions for all hydro assets in 29 the MHS. The revised study incorporated updated hourly rates, field methodologies, and regulatory Page 12...
AI summary Boreas Heritage revisited 2018 archaeological costings for hydro assets in the Mersey Hydro Station (MHS), incorporating updated hourly rates and methodologies. The review focuses on decommissioning projects and regulatory considerations.
1 5.0 UPCOMING IRP CONSIDERATIONS 2 3 NS Power’s 2020 Integrated Resource Plan included a detailed evaluation of the MHS using both 4 the NS Power Decision Analysis (DA) Model and E3’s RESOLVE capacity expansion model. The 5 analysis compa...
AI summary NS Power's 2020 and Evergreen IRP analyses concluded that rebuilding Mersey Hydro Station (MHS) is more economical than decommissioning, citing its role in system reliability and decarbonization. However, NPV values alone omit full replacement costs, necessitating a comprehensive review. The 2025/2026 IRP will update MHS evaluation with refreshed load and emissions assumptions.
Scenario TOTAL or NPV 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Partial Decommissioning Total Capital Investment $ 624,440,000 $ - $ - $ 1,500,000 $ 2,500,000 $ 2,500,000 $ 26,080,000 $ 32,590,000 $ 54,850,000 $ 48,1...
AI summary The text presents financial scenarios for partial and full decommissioning, redevelopment, and sustaining CAPEX through redevelopment, showing total capital investments and NPV (Net Present Value) figures from 2026 to 2038. All scenarios report negative NPVs, indicating projected financial losses.
391 $ 994,699 $ 887,769 $ 905,525 NPV (CAPEX) $ (79,222,501) Total Redevelopment and Sustaining $ 1,374,842,402 $ 9,673,500 $ 15,210,000 $ 9,609,750 $ 9,909,750 $ 9,200,000 $ 15,497,877 $ 41,726,783 $ 71,511,131 $ 60,515,523 $ 43,010,391 $...
AI summary The text presents financial data including NPV (Net Present Value) calculations for CAPEX, energy value, avoided capacity costs, and total benefits across multiple years. Assumptions include 2% inflation and 190,000 MWh average Mersey production (2015-2024). Key figures highlight redevelopment costs, energy value, and overall NPV outcomes.
190,000 2015-2024 average Mersey production (MWh) 2% Inflation rate (matches HIP) Marginal cost of elec $ 81.57 $ 84.15 $ 87.07 $ 105.19 $ 107.29 $ 109.44 $ 111.63 $ 113.86 $ 116.14 $ 118.46 $ 120.83 $ 123.25 $ 125.71 Marginal cost of capa...
AI summary The text presents marginal cost data for electricity and capacity from 2015-2024, showing increasing costs over time, and references a 5.08% WACC rate. It also mentions the 2026 ACE Plan Appendix E Attachment 1, indicating financial planning context.
lopment and Sustaining $ 1,374,842,402 $ 74,753,635 $ 70,055,868 $ 51,970,950 $ 57,060,362 $ 76,662,597 $ 71,366,579 $ 55,851,568 $ 79,157,599 $ 69,972,186 $ 56,063,829 $ 79,219,406 $ 61,583,091 $ 5,187,596 NPV (CAPEX) $ (639,115,806) Tota...
AI summary The text presents financial data from a redevelopment project, including NPV for CAPEX, energy value, and avoided capacity costs. Assumptions include a 2% rate and marginal electricity costs. The overall NPV is negative, suggesting potential financial challenges.
Marginal cost of elec $ 128.23 $ 130.79 $ 133.41 $ 136.07 $ 138.80 $ 141.57 $ 144.40 $ 147.29 $ 150.24 $ 153.24 $ 156.31 $ 159.43 $ 162.62 Marginal cost of capacity $ 146.00 $ 149.00 $ 152.00 $ 155.00 $ 158.00 $ 161.00 $ 164.00 $ 167.00 $...
AI summary The document presents marginal cost data for electricity and capacity from 2025 to 2026, showing increasing trends. It references the 2026 ACE Plan Appendix E and includes a WACC rate of 5.08%. Portions of the text are redacted as confidential.
Scenario TOTAL or NPV 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 Partial Decommissioning Total Capital Investment $ 624,440,000 NPV (CAPEX) $ (346,011,445) Full Decommissioning Total Capital Investment $ 512,276,250 $...
AI summary The document presents financial scenarios for energy infrastructure projects, including partial and full decommissioning, redevelopment, and sustaining CAPEX through redevelopment, with detailed capital investment figures and NPV (Net Present Value) calculations spanning 2052–2064. Full decommissioning shows lower NPV than partial decommissioning, while redevelopment incurs the highest NPV.
Value of Energy $ 1,042,075,305 $ 31,516,066 $ 32,146,388 $ 32,789,315 $ 33,445,102 $ 34,114,004 $ 34,796,284 $ 35,492,210 $ 36,202,054 $ 36,926,095 $ 37,664,617 $ 38,417,909 $ 39,186,267 $ 39,969,993 NPV (Value of Energy) $ 376,550,690 To...
AI summary The text presents financial data on energy value, avoided capacity costs, and total benefits with NPV calculations. It includes assumptions about marginal costs of electricity and capacity, showing increasing costs over time and a negative NPV for redevelopment.
Scenario TOTAL or NPV 2065 Partial Decommissioning Total Capital Investment $ 624,440,000 NPV (CAPEX) $ (346,011,445) Full Decommissioning Total Capital Investment $ 512,276,250 NPV (CAPEX) $ (196,107,720) Redevelopment Total Capital Inves...
AI summary The text presents financial analyses of different scenarios (Partial Decommissioning, Full Decommissioning, Redevelopment, etc.), including total capital investments, NPV (CAPEX), energy value, avoided capacity costs, and total benefits. Assumptions include marginal costs of electricity and capacity, with NPV figures indicating net financial outcomes for each scenario.
2% Marginal cost of elec $ 214.58 Marginal cost of capacity $ 243.60 Date: December 12, 2025 Page 653 of 782 REDACTED REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 ACE Plan Appendix F Page 1 of 55 NS Power The Path to 2030 – 2025 Update...
AI summary NS Power's 2026 Annual Capital Expenditure (ACE) Plan, part of its 'Path to 2030' update, includes cost considerations for electricity and capacity, reflecting marginal costs of $214.58 and $243.60 respectively. The document outlines financial planning for infrastructure and resource management.
1 sources (such as oil and natural gas) to operate during the colder/peak system demand periods in 2 the winter when heat pumps are less efficient. This potential program has been considered and 3 discussed in NS Power’s Load Forecast Repo...
AI summary NS Power is evaluating a hybrid peak program to reduce winter demand by using alternative energy sources during peak periods. A study by Net Zero Atlantic, involving DOE and E1, aims to assess the program's cost impacts and operational models, with a completion timeline of Q1 2026.
DM documentation that is intended to inform project planning and execution. The following lists the relevant PDM documentation, and what should be reviewed: Contingency Assessment (if applicable) Review this document to ensure it’s aligned...
AI summary The text outlines documentation to be reviewed for project planning and execution, including Contingency Assessment, Estimate Maturity Matrix, Economic Analysis Model, Risk Register, and Post Project Review. These documents ensure alignment with guidelines, proper risk management, and accurate cost estimation.