Topic:"Cost Recovery" in M03453

APPROVED FORMULA: "Nova Scotia Power Inc. (NSPI) Municipal Rate Class Increases" In order to recover increased costs due to NSPI increases and upon notice by the Lunenburg Electric Utility to the Nova Scotia Utility and Review Board, (the...

AI summary The Nova Scotia Utility and Review Board (the Board) may adjust municipal rates for Lunenburg Electric Utility based on a formula to recover increased power purchase costs from Nova Scotia Power Inc. (NSPI). The formula uses variables related to past and approved cost increases, total sales, and calculates an average percentage rate adjustment.

PROPOSED FORMULA: "Nova Scotia Power Inc. (NSPI) Municipal Rate Class Increases" In order to recover increased costs due to NSPI increases and upon notice by the Lunenburg Electric Utility to the Nova Scotia Utility and Review Board, (the...

AI summary Nova Scotia Power Inc. (NSPI) proposes a formula for adjusting municipal rates to recover increased power purchase costs. The Board may amend rates for specific classes without a public hearing, using a calculation based on forecasted costs, revenue, and approved increase percentages.

ORDER WHEREAS the Town of Lunenburg, on behalf of its Electric Utility, (the "Applicant", the "Lunenburg Electric Utility") made application to the Nova Scotia Utility and Review Board (the "Board") on August 27, 2010, to amend the formula...

AI summary The Town of Lunenburg (Lunenburg Electric Utility) requested approval to amend its rate formula to pass through NSPI's municipal rate class increases. The Board approved the change, allowing the utility to adjust rates based on forecasted costs and revenue requirements using a two-step formula. The new formula became effective November 1, 2010, with requirements for submitting detailed forecasts and analyses.

RATES All bills are due and payable when rendered. All unpaid accounts are subject to overdue interest charges in accordance with Regulation 5.2 - "Payment of bills, overdue interest charges, and returned payment charge". In this Schedule,...

AI summary The document outlines Lunenburg Electric Utility's process for adjusting municipal rates to recover increased costs from NSPI, using a formula involving forecasted power purchase costs and revenue. The Board may amend rates without a public hearing based on this calculation, referencing Regulation 5.2 for overdue charges.

IN THE MATTER OF THE PUBLIC UTILITIES ACT -and - IN THE MATTER OF the Application of the Town of Lunenburg on behalf of its Electric Utility for approval of a change to the flow through formula used to calculate amendments to its Schedule...

AI summary The Town of Lunenburg seeks approval to modify the flow-through formula for calculating rate amendments to recover costs from Nova Scotia Power Incorporated's (NSPI) rate increases. The application pertains to adjusting the Schedule of Rates for electric services.

ORDER WHEREAS the Town of Lunenburg, on behalf of its Electric Utility, (the "Applicant", the "Lunenburg Electric Utility") made application to the Nova Scotia Utility and Review Board (the "Board") on August 27, 2010, to amend the formula...

AI summary The Town of Lunenburg (Lunenburg Electric Utility) applied to amend its rate formula to pass through NSPI's municipal rate class increases. The Board approved the amendment, deeming it fair and reasonable for accurate revenue recovery. The new formula uses factors like forecasted power costs and NSPI-approved increases to adjust rates without public hearings.