Topic:"Cost Deferral" in M12779

Deferral of Marine Survey Costs On December 21, 2023, the NSEB approved NSPML's request to defer the cost of the 2024 marine survey over a 3 year period for customers. In 2024, a regulatory asset was created to defer the collection of this...

AI summary The NSEB approved NSPML's request to defer the 2024 marine survey costs over three years, creating a regulatory asset that was amortized in 2025. The unamortized balance as of December 31, 2025, was $1.3 million, which was recognized in 'OM&G' that year.

Deferral of Depreciation and Amortization In response to the delayed timing of energy delivery from Muskrat Falls, the NSEB approved NSPML's proposal to defer the recovery of depreciation and amortization expense in 2018 and 2019; as well...

AI summary The NSEB approved NSPML's proposal to defer depreciation and amortization expenses from 2018 to 2021 due to delays in energy delivery from Muskrat Falls. A regulatory asset was created to account for the difference between USGAAP and regulatory decisions. Amortization of deferred costs began in 2022, and the unamortized balance as of December 31, 2025, is $111.5 million.

Note 2: Total Capital Spend $1,558.6 plus AFUDC $207.6; adjusted for capital costs realting to marine cable protection not yet in rate base $10.5m Note 3: Primarily represents the deferral of depreciation and amortization, plus the deferra...

AI summary The text provides notes on capital spend, AFUDC, adjustments for marine cable protection, deferral of depreciation and amortization, and deferred financing charges. These notes relate to financial and accounting considerations within a regulatory proceeding.

- and supply strategies. 1 Request IR-17: 2 3 Page 8 of 11 of the 2025 Cost Containment Report: NSPML states: "To ensure the efficient 4 execution of field work and representation of our business, NSPML designates a site 5 representative t...

AI summary The text discusses NSPML's use of On-Site Representatives (OSRs) to ensure safe and efficient execution of field work, mitigate risks, and identify solutions to unforeseen challenges. It highlights the collaborative approach between OSRs, contractors, and NSPML's project team to minimize delays and maintain safety standards.

b-d) Please see table below: Operating and Maintenance Cost (in millions) Actual 2021 Actual 2022 Actual 2023 Actual 2024 Approved 2025 Actual 2025 Variance Variance Explanation (2025 actuals vs. 2025 approved) Assessment 2026 Maintenance...

AI summary The table outlines the operating and maintenance costs for various categories from 2021 to 2025, showing variances between actual costs and approved budgets. Key reasons for variances include unspent operating costs returned to customers, higher consulting and legal fees, and lower insurance premiums. The assessment for 2026 is also provided for each category.