1 2.0 ANNUAL DDA REPORTING REQUIREMENTS 2
AI summary The section outlines annual reporting requirements for the Decarbonization Deferral Account (DDA), though no specific details are provided in the text. It references regulatory frameworks governing reporting obligations for NS Power and other entities.
3 2.1 Continuity Schedule of Amounts Reclassified to the DDA 4 5 There were no amounts reclassified to the DDA in 2025. 6
AI summary The document states there were no amounts reclassified to the Decarbonization Deferral Account (DDA) in 2025.
9 Section I(a)(vi) - Rationale for selection of future amortization amounts The DDA was designed to facilitate the accelerated retirement of the Company's thermal assets in a manner that provides flexibility to assist in managing rate impa...
AI summary The DDA facilitates early retirement of thermal assets while managing rate impacts, but NS Power has not yet determined amortization amounts due to uncertain costs and potential government funding. Amortization will be considered later through a regulatory process, with NSUARB approval required.
3.0 CONCLUSION The DDA is a regulatory mechanism intended to provide flexibility for recovering the costs of thermal assets being retired by 2030 in accordance with Federal and Provincial requirements. As NS Power continues to refine its p...
AI summary The DDA provides flexibility for recovering costs of retiring thermal assets by 2030. NS Power will update the Board and stakeholders on evolving inputs like retirement dates, unrecovered costs, and potential securitization timing through Annual DDA reports and regulatory filings.
NON-CONFIDENTIAL 1 Request IR-5: 2 3 Please confirm, or clarify otherwise, that the "no securitization" balances are based on a 4 scenario where the DDA assets go back to normal (i.e. the same as 2025) 5 depreciation/accounting treatment i...
AI summary The response clarifies that under the 'no securitization' scenario, depreciation expenses for DDA assets are paused from 2026 to 2027, with financing costs accumulating instead. Depreciation resumes in 2028, and accumulated financing costs remain deferred. Upon asset retirement, unrecovered net book value and deferred financing costs are transferred to the DDA.
1 Request IR-2: - 2 Please confirm or explain whether, for each amortization scenario (28, 20, and 10 years), both - 3 (a) the recovery of net book value under the DDA (at WACC), and (b) the securitization recovery - 4 are assumed to occur...
AI summary The text requests clarification on whether amortization periods for DDA recovery (at WACC) and securitization are aligned across scenarios (28, 20, 10 years) or if securitization is modeled independently of DDA assumptions.
6 Request IR-3: - 7 In the DDA (no securitization) case presented in Appendix D, please confirm: - 8 (a) Whether all financing costs are recovered contemporaneously through 9 revenue requirement, or - 10 (b) Whether any portion of financin...
AI summary The request asks whether financing costs in the DDA case are recovered through revenue requirement or deferred and recovered separately, referencing deferred financing costs in sections 2.2–2.4.
1 Request IR-7: - 2 Please confirm that all comparative scenarios (securitization and DDA) are based on recovery of - 3 the same initial principal amount (approximately $713 million), and identify any adjustments made - 4 to that amount (i...
AI summary Request IR-7 seeks confirmation that securitization and DDA scenarios use the same $713 million principal amount, and asks to identify adjustments for deferred financing costs, decommissioning costs, or other referenced amounts.
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