Topic:"Cost Considerations" in M13016

Reason for Variance - FIN The decrease of $632,853 compared to the approved 2024 ACE Plan budget of $1,460,062 is due to cost minimization opportunities identified during detailed design to reduce project costs while still achieving all pr...

AI summary The project's budget decreased by $632,853 due to cost-saving measures like reusing existing reactor pedestals and using smaller reactors than initially estimated. These savings were partially offset by higher crane and relocation costs and an external insulation study. The project was completed in December 2024, with the final cost date set for August 2026 to allow for financial reconciliation after a cyber event.

The Board has reviewed Nova Scotia Power Inc.'s (NS Power) letter dated August 4, 2026, requesting approval of the following final cost work order: Approved Amount Revised Cost Variance CI C0059046 Replacements - 101S and 79N Reactor $1,46...

AI summary The Board has reviewed NS Power's request for approval of a final cost work order related to a capital item originally approved in the 2024 Annual Capital Expenditure Plan. The approved amount, revised cost, and variance are provided in a table.

The Board understands that the reduction of $632,853 from the approved budget is primarily attributable to design changes that allowed existing reactor pedestals and infrastructure to be reused eliminating the need for new pedestal fabrica...

AI summary The Board acknowledges a $632,853 reduction in the approved budget for a project due to design changes and lower reactor costs. However, it notes the late submission of the Final Invoice (FIN) and emphasizes the need for timely submissions. The Board approves the final cost of $827,209.

Request for Confidentiality Pursuant to Rule 12 of the Board Regulatory Rules, NS Power requests confidential treatment of certain portions of the material filed in support of the following Capital Work Orders: 1. CI C0068719 - IT - Distri...

AI summary NS Power is requesting confidential treatment for certain cost details in a capital work order related to IT distributed intelligence apps. The request aims to protect competitive pricing information from being used by competitors or customers, which could lead to higher costs and reduced competition.

The Board understands that the reduction of $632,853 from the approved budget is primarily attributable to design changes that allowed existing reactor pedestals and infrastructure to be reused eliminating the need for new pedestal fabrica...

AI summary The Board acknowledges cost reductions of $632,853 in a project due to design changes and lower reactor costs, though some additional expenses were incurred. NS Power submitted the FIN late, which the Board notes as a concern for regulatory compliance. The final approved cost is $827,209.