Topic:"Cost Recovery" in M03096

The Board requested that NSPI review and comment on the ENS request. In a letter dated May 21, 2010 from Alan Richardson, Vice President, Integrated Customer Services of NSPI, NSPI stated as follows: NSPI believes the overall estimate of $...

AI summary The Board requested NSPI to review and comment on ENS's funding request. NSPI found the proposed budget of $2.04 million reasonable and expects ENS to manage costs within the 2010 and 2011 DSM program budgets. The Board approved the initial budget and directed NSPI to fund it, subject to a transition plan and conditions.

- 43 (1) Nova Scotia Power shall pay to the Corporation an assessment, as determined by the Review Board, to cover the start-up costs of the Corporation related to electricity demand-side management. - (2) Nova Scotia Power may recover the...

AI summary Nova Scotia Power Inc. (NSPI) proposes to recover a $2.04 million assessment from ratepayers through a DSM Cost Recovery Rider, following approval from the Utility and Ratepayer Board (UARB). The funds will be used to cover start-up costs for electricity demand-side management and will be expensed to the 2010 DSM program budget.

Efficiency Nova Scotia Funding - P-199 Your letter dated May 21,2010, regarding the above-noted matter, stated that Nova Scotia Power Inc. ("NSPI") proposes to expense the initial Efficiency Nova Scotia Corporation ("ENSC") funding of $2,0...

AI summary Nova Scotia Power Inc. proposes to expense an initial $2,040,000 in Efficiency Nova Scotia Corporation funding to the 2010 DSM program budget and recover those costs through the DSM Cost Recovery Rider. The letter requests clarification on whether this funding is included in the approved or proposed 2010 or 2011 DSM program budgets.

ies within past DSM program budget envelopes. Examples include the additional costs associated with the design and development of DSM Data System and fuel substation studies. May 27, 2010 Page 2 of 2 Based on the foregoing points and NSPI'...

AI summary NSPI expects ENS to manage DSM program start-up costs within the approved budget and the proposed 2011 budget. The DSM Cost Recovery Mechanism is designed to recover actual costs, and NSPI will monitor progress and update the PDWG and the Board on expenditures and energy savings.

Efficiency Nova Scotia Corporation Funding - P-199 On April 30, 2010 Efficiency Nova Scotia Corporation ("ENS") sought approval from the Nova Scotia Utility and Review Board (the "Board") for initial funding of ENS by Nova Scotia Power Inc...

AI summary Efficiency Nova Scotia Corporation (ENS) requested initial funding from the Nova Scotia Utility and Review Board (NSURB) in 2010, citing a provisional budget of $1.155 million to $1.38 million for its first year of operations. The Province of Nova Scotia contributed $391,600, and ENS proposed a 'true up' process to adjust funding based on actual costs.

Accordingly, the total funding sought by ENS is three components as follows: 1. 2012 DSM development plan $ 600,000; 2. Transition planning / execution $ 450,000; 3. Start-up funding ($1,380,000 minus $391,600) $ 988,400. TOTAL $2,038,400...

AI summary The total funding sought by Efficiency Nova Scotia (ENS) consists of three components: a 2012 DSM development plan, transition planning/execution, and start-up funding. Section 43 of the Efficiency Nova Scotia Corporation Act mandates that NSPI pay an assessment for start-up costs to ENS, which can be recovered through rates as determined by the UARB.

The Board requested that NSPI review and comment on the ENS request. In a letter dated May 21, 2010 from Alan Richardson, Vice President, Integrated Customer Services of NSPI, NSPI stated as follows: NSPI believes the overall estimate of $...

AI summary The Board requested NSPI to review and comment on ENS's funding request. NSPI found the estimated cost of $2.04 million reasonable and agreed to fund it upon UARB approval. The Board approved the initial budget and directed NSPI to fund it, subject to conditions and a transition plan.