N-1-(i)2026-2027 Revenue Application
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irements. - 14 Subject to the completion of the detailed transition planning work, the Phase II transition is targeted - to commence in Q2 of the 2027 calendar year. - 16 Additional Cost Categories 8 - 17 As a result of IESO Nova Scotia's...
AI summary IESO Nova Scotia will include capital and energy procurement costs in future revenue applications, pending NSEB approval. Regulatory pathways for these costs will be assessed in 2026, with Phase II transition starting in Q2 2027.
6 Table 1: Summary of OM&A Costs OM&A Cost Category Total OM&A Costs ($)(Millions) Transition Costs ($) (Millions) Ongoing O&MA Costs ($) (Millions) Employees (Administration) 4.44 0.00 4.44 Corporate Administrative 0.26 0.00 0.26 Governan...
AI summary Table 1 presents a breakdown of OM&A costs categorized into administrative, legal, procurement, and operational planning expenses. Total OM&A expenses amount to $14.85 million, with $1.77 million allocated to transition costs and $13.08 million designated for ongoing operations. All categories except 'Transition and Operational Planning' show zero transition costs.
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 - 2 Further details regarding the expenses budgeted as part of this cost category are as follows: - Office Lease: These costs are to lease approximately 8,900 square feet of office space at Suite...
AI summary The document outlines the budgeted expenses for IESO Nova Scotia, including office lease costs, IT application software, managed IT services, and other IT costs. It explains the increase in office space costs compared to the 2025/2026 budget and the removal of certain subcategories due to changes in planning and funding.
2 (System Planning) Cost Category Cost Category 2025/2026 Budget ($) (Millions) 2025/2026 Annualized Expenditures ($) (Millions) (A) 2026/2027 Proposed Budget ($) (Millions) (B) Difference ($) (Millions) (increase)/decrease (A-B) Operation...
AI summary The System Planning Cost Category outlines budget and expenditure figures for 2025/2026 and 2026/2027, showing slight decreases in annualized expenditures for Operations and Salaries/Wages, while Third Party Recoveries remain stable. The table includes categories like Integrated Resource Planning Consulting Fees and notes Phase II Transitional Costs.
N-4IESO (DGT) RIR 1 to 23
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NON-CONFIDENTIAL 1 Request IR - 1 2 Reference: Exhibit C-1 (page 37, lines 10–13) 3 IESO Nova Scotia references the Net OM&A 3 Deferral and Variance Account approved in principle in the 2025/2026 Revenue Requirement 4 Application (M12412)...
AI summary IESO Nova Scotia proposes renaming the Net OM&A Deferral and Variance Account to the Net Revenue Requirement Deferral and Variance Mechanism to expand its scope to include additional cost categories. The request seeks details on the revised definition, parameters, comparison with existing definitions, and rationale for changes, referencing application M12412.
NON-CONFIDENTIAL 21 • Purpose – tracking and deferring any variance from the approved revenue 22 requirement. 23 • Scope – to include all spending of IESO Nova Scotia that has gone through an 24 approval process with the NSEB. 25 • Specifi...
AI summary The document outlines a mechanism for tracking and deferring revenue variances for IESO Nova Scotia, including OM&A cost variances from specific revenue applications. It specifies inclusion of approved costs and exclusion of unapproved ones, with future potential inclusion of capital costs. The NSEB approves revenue applications, triggering cost tracking against approved amounts.
1 Request IR - 18 - 2 Reference: Exhibit B-3 (page 36 , Table 2) - 3 (a) Please provide year to date actual results for all the transitional costs detailed in Table 2. - 4 In your response, provide explanations for any variances from the 2...
AI summary Request IR - 18 seeks year-to-date actual results for transitional costs detailed in Exhibit B-3, Table 2, and explanations for variances from the 2025/2026 budget.
N-5IESO (IG) RIR 1 to 32 - Redacted
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Response IR - 3 - (a) Please refer to pages 7-8 of IESO Nova Scotia's rebuttal submission of February 19, 2026. Please also refer to NSEB IR-29 Attachment 1 for KPMG's advice on HST. KPMG has advised that HST will apply to fees charged for...
AI summary The response to Information Request IR-3 discusses the application of HST to fees and the inability to complete an analysis without an alternative to NS Power's WACC. References are made to KPMG's advice and a future submission to the NSEB.
NON-CONFIDENTIAL 1 Request IR – 7 2 Reference: N-1, Notice of Application, pdf p.3-4 requests approval of NS Power's recording, 3 deferral and recovery of associated costs through its Fuel Adjustment Mechanism. 4 (a) Please explain IESO-NS...
AI summary The document contains information requests from the Industrial Group (IG) to the Nova Scotia Independent Energy System Operator (IESO-NS) regarding the Fuel Adjustment Mechanism (FAM), including customer class allocation, administrative cost issues, and the appropriateness of using FAM as an interim vehicle for cost recovery.
NON-CONFIDENTIAL 1 Request IR - 19 2 Reference: N-1(i), Exhibit B-2, pdf p.21-23 indicates procurement OPEX is expected to be 3 reimbursed by successful proponents but until reimbursement is received, costs are included in the 4 budget and...
AI summary The Industrial Group (IG) requests clarification on reimbursement procedures for procurement OPEX from Nova Scotia Independent Energy System Operator (IESO Nova Scotia), including RFP clauses, reimbursement timing, credit assurances, and scenarios where reimbursement may fail. The response references Section 2.1(d)(vi) of the draft RFP, which outlines lease agreements and tolling agreements for cost recovery.
NON-CONFIDENTIAL (b) The forecast for interconnection study cost recoveries is based on anticipated interconnection study demand in the 2026/2027 fiscal year. There is a potential degree of variability in the study volume as Feasibility st...
AI summary The forecast for interconnection study cost recoveries is based on anticipated demand in the 2026/2027 fiscal year, though there may be variability due to the timing and changes in feasibility and system impact studies.
27 Because the studies are recovered at actual cost, an increase or decrease in study volume 28 of 25% would be anticipated to result in a corresponding 25% increase or decrease to the 29 assumed $1.07 million of interconnection study cost...
AI summary The text discusses interconnection study cost recoveries and the transfer of functionality from NS Power to IESO Nova Scotia, noting that there is no duplicative effort for interconnection studies and IRP Consulting following the employee transfer on December 1.
N-6IESO (NSEB) RIR 1 to 33 - Redacted
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Project Work Plan and Schedule Date: March 10, 2026 Project Key activities Estimated Completion MAEA Objects 2026/2027 Revenue Requirement and Fee Application (M12663) -Evidence by Intervenors and Board Counsel Consultants due March 31, 20...
AI summary The document outlines the project work plan and schedule for the Nova Scotia Energy Board (NSEB) for 2026/2027, covering key activities such as evidence submission, stakeholder engagement, and the development of an Integrated Resource Plan (IRP). Key projects include the 2026/2027 Revenue Requirement and Fee Application and the establishment of a permanent fee and cost recovery mechanism.
NON-CONFIDENTIAL 41 42 (c) It is IESO Nova Scotia's present understanding that Section 30 of the More Access to 43 Energy Act applies specifically with respect to recovery of costs for energy resource supply 44 contracts. Nevertheless, all...
AI summary IESO Nova Scotia discusses cost recovery under Section 30 of the More Access to Energy Act, categorizing costs into OM&A, capital, and energy resource supply contracts. It anticipates clarifying cost recovery through NSEB applications or stakeholder engagement by Q2 2026/2027. Capital cost recovery depends on becoming a public utility under the Public Utilities Act, while OM&A costs are approved via MAEA Section 29 and Board Decision M12412.
NON-CONFIDENTIAL 61 resource contract supply costs. Finally, the permanent fee and cost recovery mechanism 62 for associated costs has not yet been submitted for NSEB review and approval, representing 63 a regulatory pathway for future con...
AI summary The IESO Nova Scotia plans to submit a permanent fee and cost recovery mechanism to the NSEB in Q2 2026/2027 after stakeholder engagement. This mechanism is intended to provide a regulatory pathway for future consideration.
PARTIALLY CONFIDENTIAL 20 ii. What is the likelihood that costs will be incurred that are not able to be recovered 21 from prospective generators? 22
AI summary The document raises a question about the likelihood of unrecoverable costs from prospective generators, focusing on potential financial risks in a regulatory proceeding related to energy sector planning and cost recovery mechanisms.
Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Nova Scotia Energy Board (NSEB) Information Requests 1 Request IR - 28 59 focus on new or unexpected costs that are expected to be recovered in rates, and mater...
AI summary The IESO Nova Scotia will include new or unexpected costs in its quarterly reporting starting May 15, 2026, through the Net Revenue Requirement Deferral and Variance Mechanism. Interim adjustments are not currently planned, but may be considered with stakeholder and NSEB feedback. Variances will be reviewed annually as part of revenue requirement and fees applications, as noted in Board Decision M12412.
8 Response IR - 30 9 (a) Please refer to pages 4 – 7 of IESO Nova Scotia's rebuttal submission of February 19, 2026. 10 IESO Nova Scotia has not determined the impact of accumulating deferrals as described 11 by the NSEB above, as IESO Nov...
AI summary IESO Nova Scotia refers to pages 4–7 of its February 19, 2026 rebuttal submission, stating it has not yet assessed the impact of accumulating deferrals as outlined by the NSEB. It plans to propose a permanent fee and cost recovery mechanism in Q1 2026/2027, anticipating an NSEB decision by year-end.
1 Request IR - 32 - 2 In Matter M12412, IESO Nova Scotia proposed to defer the approval of a rate recovery mechanism - 3 until its application for the period April 1, 2026, to March 31, 2027 (see NSEB IR-3 in M12412). - 4 Given the need fo...
AI summary IESO Nova Scotia deferred approving a rate recovery mechanism until 2026-2027, raising concerns about financial liabilities and revenue stability. The request seeks clarification on why a permanent fee mechanism was not applied for as previously indicated, emphasizing the need for certainty for ratepayers and IESO's revenue needs.
1 Request IR - 33 - 2 Please identify the additional costs included in the 2026/2027 revenue requirement associated with - 3 IESO Nova Scotia's proposed permanent fee recovery mechanism application later in 2026 that - 4 would not have bee...
AI summary The NSEB is requesting identification of additional costs in the 2026/2027 revenue requirement related to IESO Nova Scotia's proposed permanent fee recovery mechanism application, including regulatory and financing costs that would not have been necessary if the mechanism had been included in the current application.
7 Response IR - 33 - 8 There are no costs included in the Application related to a separate permanent fee and cost recovery - 9 mechanism application.
AI summary The response to Information Request IR-33 states there are no costs included in the Application related to a separate permanent fee and cost recovery mechanism application.
N-11Evidence of Doane Grant Thornton
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1.1 Purpose and scope - Doane Grant Thornton LLP ("we", "us", "our", "Doane Grant Thornton", or "Doane GT") has been engaged by the - Nova Scotia Energy Board (the "Board" or "NSEB"). We were engaged to review an application by the Nova Sc...
AI summary Doane Grant Thornton LLP reviewed IESO Nova Scotia's revenue requirement application (M12663) for the 2026/2027 fiscal year on behalf of the Nova Scotia Energy Board. The review focused on OM&A costs, transitional cost analysis, the reasonableness of the deferral mechanism, and the financial relief request. Comparisons were made with prior budgets and expenditures.
a Responses to DGT Information Requests – IR-17a 33 34 35 (administration) and procurement costs. 2026/2027 Revenue Requirement Application by the Nova Scotia Independent Energy System Operator
AI summary The document outlines the 2026/2027 Revenue Requirement Application by the Nova Scotia Independent Energy System Operator (IESO), focusing on administration and procurement costs. This application seeks regulatory approval for projected revenues to cover operational expenses.
5. Transitional costs - Conduct an analysis of transitional costs. Compare the 2026/2027 budget to 2025/2026 budget and 2025/2026 - annualized expenditures, and follow up on significant variances. The examination of the foregoing will incl...
AI summary The analysis focuses on transitional costs, comparing the 2026/2027 budget to prior years, examining annualized expenditures, and addressing PMO support, Phase II subject matter expertise, and compliance preparedness & assurance.
5.2 Procedures - Our procedures with respect to transitional costs included the following: - Summarized expenses by category above including 2025/2026 budget, 2025/2026 annualized expenditures, and 2026/2027 proposed budget. - Performed a...
AI summary Procedures for transitional costs involve budget analysis, trend analysis, and review of IESO Nova Scotia's methodologies. Actual expenses from M12412 are compared to the approved budget, with variances assessed for reasonableness.
5.4 Conclusion - We have completed our analysis of IESO Nova Scotia's transitional costs and compared the 2026/2027 budget to the - 2025/2026 budget and 2025/2026 annualized results. Our analysis identified notable variances, and we made -...
AI summary The analysis of IESO Nova Scotia's transitional costs shows a 44% increase in 2026/2027B compared to 2025/2026B, driven by a 1129% rise in SME Phase II costs due to external expertise. PMO support and compliance preparedness decreased. Actual 2025/2026 costs were 38% higher than prorated budgets due to increased consulting costs. IESO provided explanations for variances.
6.2 Procedures - Our review of IESO Nova Scotia's Deferral Mechanism included the following specific procedures: - Reviewed the information in the Application on the proposed Deferral Mechanism; - Reviewed the nature, functionality, and pu...
AI summary The Nova Scotia Energy Board (NSEB) reviewed IESO Nova Scotia's Deferral Mechanism, comparing it to the Net OM&A Deferral and Variance Account, evaluating guidelines, and assessing its reasonableness against similar mechanisms used by other organizations. The process included reviewing applications, preparing information requests (IRs), and analyzing risk controls.
6.3.1 Proposed Net OM&A Deferral and Variance Account per M12412 - Per the M12412 Application, IESO Nova Scotia sought approval to establish a Net OM&A Deferral and Variance - Account to defer the recovery of its approved and forecasted Ne...
AI summary IESO Nova Scotia proposed establishing a Net OM&A Deferral and Variance Account under M12412 to defer recovery of approved and forecasted Net Ongoing OM&A costs, record variances until March 2026, and manage one-time transition costs exceeding Provincial funding. The Board has approved this matter.
16 6.3.2.2 Deferral Mechanism calculation - 17 To allow for flexibility when tracking deferrals and variances for the purpose of internal financial reporting, IESO Nova - 18 Scotia is proposing the following revised simplified calculation...
AI summary IESO Nova Scotia proposes a revised simplified calculation for tracking deferrals and variances in internal financial reporting as part of the Net Revenue Requirement Deferral and Variance Mechanism.
7 6.3.2.4 Eligibility criteria, guidelines, and thresholds - 8 While the above clarifies the approval process and timing of the Deferral Mechanism, through DGT-IR-1, we also 9 inquired of any additional eligibility criteria, triggers, and/...
AI summary The document discusses inquiries into eligibility criteria and safeguards for the Deferral Mechanism, noting IESO Nova Scotia's assurance that it will not over-collect revenue based on alignment between approved revenue requirements and fees. It also references the need for specific guidelines, citing the M12412 Order requiring IESO Nova Scotia to develop policies by 2027/2028, which has not yet been completed.
6.3.3 Good utility practice and comparable organizations – deferral of capital costs - As part of our initial review of the Net OM&A Variance Deferral Account as proposed in M12412, we considered GUP - and other deferral accounts implement...
AI summary The document reviews the Net OM&A Variance Deferral Account proposed in M12412, comparing Nova Scotia's approach with Canadian ISOs. It notes that capital cost deferral is uncommon among Canadian ISOs due to lack of transmission ownership, but analyzes Ontario IESO's FVDA and AESO's DAR mechanisms. The AESO indirectly addresses capital cost variances through tariff reconciliations.
6.4 Conclusion - We have reviewed IESO Nova Scotia's proposed Net Revenue Requirement Deferral Mechanism in comparison to the originally proposed Net OM&A Deferral and Variance Account as well as industry practice. - Overall, the implement...
AI summary The document reviews IESO Nova Scotia's Net Revenue Requirement Deferral Mechanism, aligning it with industry practices. It reaffirms recommendations from M12412, emphasizing the need for guidelines and financial controls. While the modified calculation is deemed appropriate, concerns remain about capital cost deferral practices, requiring further clarification on eligibility, thresholds, and approval processes.
7.3.1 Background - As explained in the Application, IESO Nova Scotia has taken on operating costs, obligations, and liabilities - anticipated by the Act, which now form part of its revenue requirement. Although it has filed applications fo...
AI summary IESO Nova Scotia, a new not-for-profit entity under provincial legislation, faces short-term financing challenges despite a $10M provincial line of credit. It filed a 2026–2027 revenue requirement application but omitted a fee recovery mechanism, now seeking temporary financial relief. The Nova Scotia Energy Board noted the missing mechanism and highlighted IESO's potential inability to meet liabilities by May 2026 without additional funding.
7.3.2 The IESO Nova Scotia's request - Per the Application, IESO Nova Scotia is requesting Board approval for immediate temporary financial relief, to - enable it to pay its liabilities as they become due. Following internal review of the...
AI summary IESO Nova Scotia is requesting temporary financial relief of $950,000 per month from NS Power to meet its liabilities until a permanent cost recovery mechanism is approved. NS Power is agreeable to this request, provided the amount can be recorded, deferred, and recovered through its Fuel Adjustment Mechanism (FAM).
N-13DGT (IG) RIR 1 to 11
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- development of specific guidelines, policies, and controls relating to the Deferral - Mechanism has not yet been completed." - (a) Please explain how the absence of finalized guidelines, accounting policies, thresholds, and controls alig...
AI summary The text discusses the need for finalized guidelines, accounting policies, thresholds, and controls for a deferral mechanism and questions whether their absence aligns with GUP principles, increases risks, and affects the appropriateness of approving the revenue requirement and deferral mechanism.
Response - IR-9 (a) GUP generally includes having clear guidelines, accounting policies, thresholds, and controls in place. As noted in our report conclusion for M12412, at the time of our review NSIESO had basic financial controls in plac...
AI summary The response addresses concerns regarding the absence of financial guidelines, accounting policies, and controls for the OM&A deferral and variance account at NSIESO. While the Deferral Mechanism is approved, the report emphasizes the need for safeguards. It also raises questions about the deferral of capital costs by ISOs and their alignment with GUP.
Response – IR-11 - (a) While the Board directed IESO to develop specific guidelines, accounting policies and financial controls, this decision was not made until February 25, 2026, making it an ongoing process throughout the course of our...
AI summary The response to IR-11 highlights that while the IESO has been directed to develop governance policies, this process is ongoing and has limited time for completion before the report's deadline. The review did not analyze qualitative governance aspects in detail, and lagging governance controls could lead to cost overruns and hinder regulatory transparency.
100926Submission - IG
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Re: M12663 – IESO-NS - 2026-27 Revenue Requirement and Fees Application These submissions are filed on behalf of the Industrial Group in response to the IESO-NS's request for immediate relief for NSPI to remit $950,000 per month, exclusive...
AI summary The Industrial Group opposes the IESO-NS's request to use the Fuel Adjustment Mechanism (FAM) to recover a monthly assessment of $950,000, arguing that it is improper, shifts risks to ratepayers, and lacks support. They also suggest alternative approaches that align better with legislative intent.
pproved range is preserved in the recent amendments to the Public Utilities Act . [5](#page-1-6) Critically, in these limited circumstances they were credits to the FAM, not a cost to ratepayers. In addition, the existing cost of service m...
AI summary The FAM cannot be used for non-fuel bridge financing. Credits to the FAM, not ratepayer costs, are preserved in the Public Utilities Act amendments. The IESO-NS proposal to allocate operation and maintenance costs—rather than fuel costs—to ATL FAM customers violates cost-causation principles. Excluding non-FAM customers like Port Hawkesbury Paper is deemed arbitrary and inconsistent with rate-making principles.
(2) Ratepayers Bear all the Risks under this Proposal The proposal shifts four distinct risks to NSPI customers: - 1. Approval risk. The IESO-NS's 2025/26 revenue requirement remains under review, and the 2026/27 revenue requirement may fu...
AI summary The proposal shifts four risks to NSPI customers: approval risk due to uncertain revenue requirements, forecasting risk from unquantified Phase II costs, timing risks from FAM deficits and carrying costs, and loss of prudence review for monthly assessments. Intervenors and consultants highlight deficiencies in evidence and potential ratepayer burden.
100954IG (IESO NS) IR 1 to 32 - PDF
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10 Request IR-7: - 11 Reference: N-1, Notice of Application, pdf p.3-4 requests approval of NS Power's - 12 recording, deferral and recovery of associated costs through its Fuel Adjustment - 13 Mechanism. - 14 (a) Please explain IESO-NS's...
AI summary The document requests IESO-NS to explain its approach to allocating Fuel Adjustment Mechanism (FAM) costs across customer classes, address potential allocation issues if non-fuel costs are included, compare FAM with a separate rider, and analyze financial impacts of retroactive approval. Key concerns include transparency, rate design, and cost allocation fairness.
5 Request IR-14: - 6 Reference: IESO-NS Public Notice, Feb 02, 2026 – [IESO Nova Scotia takes next step to](https://ieso-ns.ca/wp-content/uploads/2026/02/IESO-Nova-Scotia_100-MW-Term-Sheet-NB-Power_February-2-2026_FINAL.pdf) 7 [secure impo...
AI summary Request IR-14 seeks clarification on costs related to a 100 MW capacity agreement with NB Power, whether the costs are included in the Revenue Requirement, if Board approval is required, and how costs will be allocated. The IESO-NS is involved, with reference to a 2026 public notice and potential approval by the NBEUB.
- 3 be reimbursed by successful proponents but until reimbursement is received, costs are - 4 included in the budget and will be trued up via the DVM. - 5 (a) Please file the standard RFP clauses that ensure reimbursement of these 6 costs....
AI summary The text requests the filing of standard RFP clauses to ensure reimbursement of costs, confirmation of reimbursement timing and credit assurances, and clarification on scenarios where reimbursement may not be obtained and how costs would be treated in such cases.
- 26 (b) Please confirm whether IESO-NS agrees to annual caps for 27 transitional/Phase II and procurement sub-accounts and if so, propose 28 such a cap by sub-account. If not, why not? 1 2 3 4 (c) Please confirm whether IESO-NS would agre...
AI summary The text outlines several requests and inquiries directed at IESO-NS regarding the management of transitional/Phase II and procurement sub-accounts, including annual caps, eligibility criteria, carrying cost rates, capital inclusion, and a proposed permanent fee and cost recovery mechanism.
- 2 Reference: N-1(i), Exhibit D-1, pdf p.42 states that any excess amounts paid by NSPI - 3 " will be subject to reconciliation through a permanent fee recovery mechanism … credited - 4 back to NS Power through a reduction in future fees...
AI summary The text references a reconciliation process involving excess payments by NSPI through a permanent fee recovery mechanism, with credits potentially being returned immediately or at the next test year. It also asks about the carrying cost for over- or under-collection between collection and refund dates.
100959DGT (IESO NS) IR 1 to 23 - Word
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to record, defer, and recover the Monthly Assessment through its Fuel Adjustment Mechanism (FAM), with the Monthly Assessment being approved as a prudent cost of NS Power by way of this application.” 1. Please explain why the FAM is consid...
AI summary The text discusses the use of the Fuel Adjustment Mechanism (FAM) to recover the Monthly Assessment as a prudent cost of NS Power. It requests explanations on the appropriateness of FAM, alternative mechanisms considered, and the impact on customers. It also inquires about safeguards for revenue reconciliation and the recording of costs within the proposed mechanism.
26/2027 budget for payroll and accounting subscription services is 50% higher than the 2025/2026 budget. What is the reason for this increase? Reference: Exhibit B-2 (page 31, lines 8-18, Operations) IESO Nova Scotia states that "The diffe...
AI summary The document discusses the increase in the 2026/2027 budget for payroll and accounting subscription services compared to the 2025/2026 budget, citing differences in estimated personnel costs, compensation increases, and burden assumptions. It also requests detailed budgeting methodologies and supporting calculations for various cost categories.
ate actual results for all the transitional costs detailed in Table 2. In your response, provide explanations for any variances from the 2025/2026 budget. Reference: Exhibit B-3 (page 33, lines 9-12) IESO Nova Scotia states that "As there...
AI summary IESO Nova Scotia acknowledges potential additional capital costs for Phase II implementation, including technology requirements and market rule adjustments. Specific estimates include $0.36M for control room readiness and $0.5M for market rule changes, with costs being estimates as of the application date and subject to variance mechanisms.
these projects have not been fully scoped nor competitive bids received and so the costs are estimates. Any variances will be reflected in the Net Revenue Requirement Deferral and Variance Mechanism." 1. Given that there is uncertainty sur...
AI summary The text discusses budget estimates for Phase II of a project, highlighting uncertainties in scope and the use of a Net Revenue Requirement Deferral and Variance Mechanism. It also requests detailed budgeting methodologies and explanations for significant increases in subject matter expertise costs, including compliance and transition-related expenses.
100962NSEB (IESO NS) IR 1 to 33 - PDF
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Request IR-10: - On page 8 of its application, IESO Nova Scotia states it will incur capital-related costs and expects - to incur costs associated with future energy resource procurement. - a) Please describe the nature of the capital-rela...
AI summary Request IR-10 seeks clarification from IESO Nova Scotia on capital costs, competitive procurement obligations under the More Access to Energy Act, cost recovery mechanisms, and regulatory pathways for new cost categories. It questions IESO's authority to own energy resources, revenue allocation methods, and timelines for NSEB review of additional costs.
Request IR-18: - Regarding the IT application software in Table 11 on page 24 (the portion related to system - planning functions), is it IESO Nova Scotia's understanding that this software expense will no - longer be required for NS Power...
AI summary The text inquires whether the IT software expense related to system planning functions in Table 11 (page 24) will be incurred by IESO Nova Scotia, NS Power, or both, and requests identification of the software.
Request IR-28: - On pages 38 and 39 of its application, IESO Nova Scotia provides a "simplified calculation for the Net Revenue Requirement Deferral and Variance Mechanism": - a) Will IESO Nova Scotia be preparing an administration manual...
AI summary The document contains two regulatory requests (IR-28 and IR-29) directed at IESO Nova Scotia. IR-28 asks for clarification on the Net Revenue Requirement Deferral and Variance Mechanism, including administrative procedures, financial implications, reporting requirements, risk transfer, and cost containment strategies. IR-29 inquires about the tax treatment of monthly payments made by Nova Scotia Power on behalf of IESO Nova Scotia.
Request IR-30: Please explain how the Monthly Assessment amount of $950,000 was determined (given that even the recovery of that amount over 14 months is less than the proposed 2026/2027 revenue requirement) and the impact of accumulating...
AI summary The text requests an explanation of how the Monthly Assessment amount of $950,000 was determined, particularly in relation to the proposed 2026/2027 revenue requirement, and the potential impact of accumulating deferrals if a permanent fee and cost recovery mechanism is not approved by March 31, 2027.
Request IR-32: In Matter M12412, IESO Nova Scotia proposed to defer the approval of a rate recovery mechanism until its application for the period April 1, 2026, to March 31, 2027 (see NSEB IR-3 in M12412). Given the need for certainty amo...
AI summary In Matter M12412, IESO Nova Scotia deferred approving a rate recovery mechanism until 2026-2027, raising concerns about financial liabilities due in May 2026. The request seeks an explanation for not applying for a permanent fee mechanism as previously indicated, emphasizing the need for revenue stability and certainty for Nova Scotia Power ratepayers.
100963NSEB (IESO NS) IR 1 to 33 - Word
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1. Will IESO Nova Scotia be preparing an administration manual detailing the policies and procedures applicable to its proposed deferral and variance account (and if so when)? 2. Please explain if interest or financing costs will be associ...
AI summary The text presents a series of questions directed at IESO Nova Scotia regarding the administration, financial implications, reporting requirements, and risk management of its proposed Net Revenue Requirement Deferral and Variance Mechanism.
eporting it will provide around these processes. 10. Please confirm, or clarify otherwise, that the overall result of the IESO’s two sample scenarios would be either a regulatory asset or liability of $10. If not confirmed, please explain...
AI summary The text raises questions about the IESO's sample scenarios, tax implications of Nova Scotia Power's monthly payments, and the determination of the Monthly Assessment amount. Concerns are raised about potential regulatory assets/liabilities, tax exposure for customers, and the impact of deferrals if a permanent recovery mechanism is not approved.
6/2027 revenue requirement) and the impact of accumulating deferrals if IESO Nova Scotia does not apply for a permanent fee and cost recovery mechanism in time for it to be approved by March 31, 2027. 1. Given that none of the costs associ...
AI summary The text discusses the need for a permanent cost recovery mechanism for IESO Nova Scotia, the use of the Fuel Adjustment Mechanism for proposed Monthly Assessment costs, and the deferral of rate recovery mechanism approval. It also raises concerns about financial liabilities and the impact of deferrals on rate classes.
101002Rebuttal Submission from IESO-NS re: temporary financial relief
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sets out its objects (s. 9). When read as a whole, the MAEA is designed to create, and ultimately transition system operation responsibilities to, a functional and financially viable IESO Nova Scotia. Section 29 forms part of that scheme a...
AI summary The MAEA establishes a framework for transitioning system operations to IESO Nova Scotia, requiring sufficient funding through section 29. The Board may temporarily use NS Power's FAM or other mechanisms to secure interim fees during the transition, supported by legislative discretion and compatibility with the Public Utilities Act.
Figure 1: Interim Monthly Fee Received and Corresponding Final Month with Positive Cash Balance Interim Monthly Fee Received Final Month with Positive Cash Balance $0 April, 2026 $500,000 May, 2026 $650,000 June, 2026 $750,000 July, 2026 $...
AI summary The document outlines a temporary cost recovery mechanism for IESO Nova Scotia, with monthly fees increasing from $0 in April 2026 to $1,050,000 in December 2026. The mechanism is expected to be replaced by a permanent one by December 2026, subject to Board approval, and serves as a time-bound backstop to manage risks beyond IESO's control.
FUEL ADJUSTMENT MECHANISM In light of IESO Nova Scotia's immediate funding needs and the absence of available LOC or commercial financing, IESO Nova Scotia has proposed temporary financial relief in the form of monthly fees charged to NS P...
AI summary IESO Nova Scotia proposes temporary financial relief via monthly fees charged to NS Power, deferred within the FAM. Intervenors, including PHP, oppose using FAM to recover IESO costs, arguing it shifts non-profit IESO expenses to NS Power's for-profit operations. PHP urges IESO to file a permanent fee recovery mechanism without utility equity costs.
The IG provide, in part, the following: The FAM is a statutory and highly structured mechanism designed for the recovery of NSPI's fuel and purchased-power costs. It is established under s. 64AB of the Public Utilities Act and has only thr...
AI summary The Fuel Adjustment Mechanism (FAM) is a statutory mechanism for NSPI to recover fuel and power costs, with a deficit of $101.6 million as of 2025. Delays in resetting fuel costs and adding a Monthly Assessment increase the deficit, leading to higher customer bills due to financing costs.
102945Closing Submission - IG
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1. THE PROPOSED DEFERRAL AND VARIANCE ACCOUNT – OPPOSITION TO EXPANSION The Industrial Group opposes the proposed expansion of the Deferral Account and respectfully submits that the Board should not approve either the proposed permanent st...
AI summary The Industrial Group opposes the expansion of the Deferral and Variance Account, arguing that the Board should not approve its permanent status or expanded scope at this time. They suggest that if a deferral is approved for 2026/2027, it should be limited and interim with strong protections for ratepayers. The Board previously required specific guidelines and accounting policies before allowing recovery of costs from the account, which IESO-NS has not yet finalized.
lly change.[72](#page-15-4) Those costs, by IESO-NS's own evidence, will likely flow into the Deferral Account (precisely the open-ended mechanism the Industrial Group submits should not be approved.) Overall, the Industrial Group submits...
AI summary The Industrial Group criticizes the lack of transparency and adequacy of evidence in the regulatory proceeding, highlighting unsupported cost assertions and the need for more complete disclosure before confirming recovery. They reference the Deferral Account and emphasize the need for the Board to require a compliance filing or cost-recovery application.
6. IESO-NS AND NSPI COLLABORATION – TRANSPARENCY AND COST DUPLICATION The Industrial Group has consistently raised the importance of transparency in the relative obligations of IESO-NS and NSPI during the transition period, and the need fo...
AI summary The Industrial Group emphasizes the need for transparency and cost avoidance between IESO-NS and NSPI during the transition period, noting the lack of a formal governance framework and the risk of duplicate costs being charged to ratepayers. They recommend a certification process and a written framework to address this issue.
- 3. require IESO-NS to apply to the Board for approval when significant unforeseen costs arise during a fiscal year, rather than permitting recovery through an open-ended deferral mechanism; - 4. confirm the Board's authority to direct di...
AI summary The proceeding outlines several regulatory recommendations for IESO-NS, including requiring approval for unforeseen costs, applying vacancy rate adjustments, aligning corporate incentives with ratepayer interests, and ensuring prudence in procurement costs. These measures aim to improve transparency, cost recovery, and compliance.
102946Closing Submission - IESO
9 passages
So can you explain to me kind of how that 50th percentile works with the selection of 392 the highest salary in the band? 16 IESO Nova Scotia response to DGT IR-10, M12663, March 10, 2026. 393 A. (Johnston) Yes. So this was really a simpli...
AI summary The 50th percentile was used as a simplifying assumption in budgeting for employee salaries, placing it at the top of each band to account for additional costs like travel and training not covered by historical data. Third-party consultant data informed compensation targets and staffing budgets for Administration employees.
17 M12633 Transcript, June 25, 2026, pages 223 - 226. 420 As such, IESO Nova Scotia submits that the compensation ranges and budgeting approach are 421 prudent and reasonable. 422 423 IESO Nova Scotia continues to work towards improving th...
AI summary IESO Nova Scotia argues that its compensation ranges and budgeting approach are prudent and reasonable, and outlines its plan to use a third-party consultant to improve its compensation benchmarking. It also explains that operational procurement costs are included in its 2026/2027 revenue application and would be reimbursed via the Net Revenue Requirement Deferral and Variance Mechanism if procurement contracts are successful.
uld be that it as it notes and as you read into the 474 record, it's costs for energy resource supply contracts. And so an example would be costs 475 under a tolling agreement, such as the one being contemplated for the current 476 procure...
AI summary The discussion centers on the classification of costs related to energy resource supply contracts, specifically addressing whether one-time costs, such as those associated with a tolling agreement, should be recovered under section 30 or included in the revenue requirement. The example of the New Brunswick Power contract is used to illustrate the distinction between one-time and ongoing costs.
19 More Access to Energy Act, 2025, c. 18, Sch., s. 44; 2026, c. 5, s. 6, Section 30(1). 20 M12633 Transcript, June 25, 2026, pages 383 - 226. ongoing administration cost, which would appear to be included in section 30 in the way that rea...
AI summary The text discusses the ongoing administration costs related to energy resource services and contracts, emphasizing that these costs are to be reimbursed by successful procurement proponents. IESO Nova Scotia has committed to clarifying the distinction between section 29 and section 30 eligible costs.
29 IESO Nova Scotia 2026/27 Revenue Requirement Application (M12663), January 20, 2026, p.37. 622 623 624 625 626 627 628 Specific types of costs to be included or excluded – at this time, the only costs to be • included are OM&A cost vari...
AI summary The document discusses the inclusion of specific costs in the DVM, emphasizing that only OM&A cost variances from the 2025-2026 and 2026-2027 revenue applications are included at this time. Capital costs will be considered in the future, but only after NSEB approval. The IESO Nova Scotia aims to recover all actual costs, regardless of type, due to its not-for-profit status.
33 M12633 Transcript, June 25, 2026, pages 483 - 484. 682 stakeholders regarding IESO Nova Scotia's full expected expenditures, inclusive of both OM&A 699 applied for in its revenue requirement applications and through direct cost recovery...
AI summary The document discusses the DVM's role in allowing IESO Nova Scotia to recover its actual incurred costs, ensuring that only these costs are passed on to market participants and ratepayers. It also raises concerns about the imposition of a hard cap on cost recovery, which could be difficult for IESO Nova Scotia to bear.
35 M12633 Transcript, June 17, 2026, pages 254-255. - 734 This, however, does not give IESO Nova Scotia license to automatically pass through costs for - 735 recovery via the DVM. Mr. Johnston provided clarity on this as well in the follow...
AI summary The testimony discusses the IESO Nova Scotia's position on cost recovery through the DVM, emphasizing the need for prudence in planning and the necessity of seeking Board approval before passing through unforeseen costs to customers.
38 M12633 Transcript, June 25, 2026, page 507-508. 799 867 accounting policies must be developed and approved before there is a recovery of Net 868 Ongoing OM&A amounts from the Deferral and Variance Account. Further, the 869 guidelines sh...
AI summary The document discusses the requirement for accounting policies to be developed and approved before recovering ongoing OM&A amounts from the Deferral and Variance Account. It also states that variances exceeding +/-10% will trigger a review process. IESO Nova Scotia interprets the Board's direction in M12412 to automatically trigger a review when a cost category exceeds the approved revenue requirement by +/-10%.
1080 1048 1081 In addition, IESO Nova Scotia is responsible for making market rules under section 60 of the 1082 MAEA, which may authorize IESO Nova Scotia to make orders or decisions regarding access to 1083 the IESO-controlled grid (incl...
AI summary The IESO Nova Scotia is responsible for making market rules and enforcing regulations under the MAEA. It operates with a public interest mandate and has a distinct cost recovery framework, unlike traditional regulatory compact frameworks.
20260617-1Hearing Transcript — 06/17/2026 (Johnny Johnston, Chris Milligan, Mike McFeters)
15 passages
LIST OF UNDERTAKINGS NO. PAGE NO. 7 maintenance, and administrative costs budget for fiscal 8 year 2026/2027 in the amount of 13.08 million, as well as 9 transitional and operational planning costs in the amount 10 of 1.77 million, for a t...
AI summary IESO Nova Scotia requested a temporary financial relief of $950,000 per month from Nova Scotia Power due to the absence of a permanent fee and cost recovery mechanism. The Board previously approved the request but noted that IESO Nova Scotia's situation was self-caused, as it delayed developing a rate recovery mechanism, leading to near insolvency.
INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 that we needed to move fast. It was going to be 2 impossible to know exactly how quickly we could get 3 everybody on board. 4 And so in terms of trying to be 5 transparent to the Boa...
AI summary The speaker discusses the need for transparency in reporting costs to the Board and intervenors, explaining the use of contracting resources to manage workload before filling full-time positions. They also mention underspending on FTA costs and overspending on consulting and external support costs in the '25/'26 Application.
deferral and variance account, but in terms of approving a forecast today, it has nothing there's nothing related to today's forecast. THE CHAIR: Well, at least in terms of whether (a) the costs are included in the revenue requirement and...
AI summary The discussion revolves around the deferral and variance account, the revenue requirement, and whether new costs are expected. There is no mention of transferring work to IESO Nova Scotia at this time.
IESO NOVA SCOTIA PANEL 131 Cr-ex, (Murphy) individual items at this stage. So proceed with that in mind. MR. MURPHY: Okay. BY MR. MURPHY: Q. Well, and I guess that was the thrust of my question was really are there any can you identify any...
AI summary The discussion focuses on the absence of material changes to the revenue requirement forecast and the deferral of the permanent fee recovery mechanism by IESO. The witness confirms there are no material changes greater than 10 percent, and IESO has deferred proposing a rate recovery mechanism until later in the year.
IESO NOVA SCOTIA PANEL 135 Cr-ex, (Murphy) 1 before we got to a determination and an ability to 2 implement that permanent fee, which left us in the very 3 difficult position of having to request interim funding on 4 an urgent basis, which...
AI summary The IESO discusses the challenges of implementing a permanent fee and the need for interim funding, highlighting the urgency and complexity of the situation. They also mention the filing of a rebuttal in a prior revenue requirement matter and the expectation of filing an application for a permanent fee and cost recovery mechanism in Q2 of the year, which has not yet occurred.
December was zero. And then annualized was 1.08 million. Did you receive anything between December 31st and the end of the fiscal year? A. (Johnston) We believe we've accrued about $450,000. Q. And what are those third-party recoveries? A....
AI summary The discussion revolves around third-party recoveries related to studies completed under generation or connection procedures, with a focus on accrued costs and budget figures for the 2025/2026 fiscal year.
that reason. 1 the time that's put towards those. 2 MS. MacADAM: Okay. And then if we go 3 to page 60 of 82? 4 BY MS. MacADAM: 5 Q. In response to question (a) or 6 sorry, 25(a), it says: 7 8 9 10 11 12 13 14 15 16 17 18 The rationale [for...
AI summary The discussion revolves around the recovery of deferred amounts from the 2025/2026 fiscal year, with a focus on how these amounts will be recovered through a combination of interim and permanent fee mechanisms. The entity mentions an expected rebate of approximately $300,000 to be returned to customers due to underspending against the approved allowance.
IESO NOVA SCOTIA PANEL 197 Cr-ex, (MacAdam) 1 then the actual audited financial costs. 2 THE CHAIR: And I guess it may be 3 semantics. You divert your entire revenue requirement, is 4 the way I'm looking at it. And here, you're just 5 adju...
AI summary The discussion revolves around the cost recovery mechanism and the application for the 2026/2027 revenue requirement. The witness clarifies that the permanent fee mechanism is tied to the approved revenue requirement and how it flows into rates for recovery, rather than waiting for a future application.
IESO NOVA SCOTIA PANEL 199 Cr-ex, (MacAdam) 1 call it the deferral account, the prudency review for the 2 certainly, to Ontario, which is a provincial body versus 3 being the independent not-for-profit organization. 4 The Board asked in 28...
AI summary The discussion revolves around the prudency review for a deferral account and the proposed Net Revenue Requirement Deferral and Variance Mechanism. The Board asked whether this mechanism would transfer 100% of the risk of budgeting errors to customers, and the response indicated that a +/10% threshold exists for variances, with further prudency review required above that threshold.
IESO NOVA SCOTIA PANEL 215 Cr-ex, (MacAdam) 1 50 of 79, IR-19. And this talks about it indicates 2 procurement one of the exhibits: 3 4 5 6 7 8 indicates procurement OPEX is expected to be reimbursed by successful proponents but until reim...
AI summary The text discusses procurement costs and reimbursement scenarios related to the IESO Nova Scotia Panel. It mentions that procurement OPEX is expected to be reimbursed by successful proponents, but if a Tolling Agreement is not signed, there is a risk of a $1.5 million cost.
IESO NOVA SCOTIA PANEL 261 Cr-ex, (Rudderham) 1 approach of financial reporting on actuals that we have 2 approval processes for, for new external spend, we have 3 approval processes for hiring folks. 4 And so I think, you know again, I 5...
AI summary The discussion focuses on the IESO NS's financial reporting approach, cost management within the approved revenue requirement, and whether policies exist to ensure deferral accounts do not impact rate stability. The IESO NS emphasizes its small proportion of the overall energy revenue requirement and the low likelihood of material rate impacts.
IESO NOVA SCOTIA PANEL 271 Cr-ex, (Rudderham) 1 terms of our overall costs, but exactly how that's going 2 to look through coming through the deferral account, I 3 think it would be helpful for us to save that for our 4 documentation. 5 TH...
AI summary The discussion centers on the use of a deferral account to manage variances between forecasted and actual costs, with the organization seeking approval in principle for a mechanism that would allow for future recovery of these costs from customers. The Chair questions why the documentation was not filed with the application for approval.
IESO NOVA SCOTIA PANEL 277 Cr-ex, (Rudderham) 1 way, you would true-up where the variance account and the 2 revenue requirement lands, as approved by the Board, and 3 that would become the new revenue requirement for that 4 particular year...
AI summary The discussion revolves around the true-up mechanism for variance accounts and revenue requirements, as well as the potential for over or under recovery of fees from load-serving entities. The IESO NS is also questioned about whether the entire deferral account would be subject to a prudency review.
IESO NOVA SCOTIA PANEL 303 Cr-ex, (Rudderham) 1 the completion date currently, a status update on that? 18 applies for that cost recovery mechanism, or when will it 19 timeline-wise, when will we see that? INTERNATIONAL REPORTING INC. CERT...
AI summary The discussion revolves around the timeline for applying for cost recovery of energy resource costs and the relevance of a tolling agreement to the proceeding. The panel is seeking clarity on when the application will be made and whether it can be filed as part of an undertaking. The relevance of the tolling agreement to the application is questioned, with a focus on risk assessment for ratepayers.
IESO NOVA SCOTIA PANEL 307 Cr-ex, (Rudderham) 1 which would relate to these tolling agreements. 2 Currently, I don't understand how it's being tracked in 3 terms of in the deferral account or in the everyday 4 accounting, for how these cos...
AI summary The discussion revolves around the tracking of costs related to tolling agreements and their inclusion in the revenue requirement. The Chair clarifies that the costs associated with the RFP are included, but not the resource contract itself. The panel is considering a break for the day due to time constraints and the volume of remaining questions.
20260625-1Hearing Transcript — 06/25/2026 (Johnny Johnston, Chris Milligan, Mike McFeters, Angie Brown)
14 passages
IESO NOVA SCOTIA PANEL 337 Cr-ex, (Rudderham) 1 evidence is it's imminent, it's coming. My questioning 10 provisions are new and the Board is being asked to 11 implement various costs. I think just a general sense of 12 how costs might go...
AI summary The discussion revolves around the implementation of new provisions and the Board's consideration of various costs, including the transmission tariff under the More Access to Energy Act and its relationship with existing cost recovery mechanisms such as section 29 and section 30.
IESO NOVA SCOTIA PANEL 341 Cr-ex, (Rudderham) 1 requirement there are and we went over this last week 2 $1.77 million forecast for in relation to the Phase 3 II transition costs; correct? 4 A. (Johnston) That would be correct. 5 And this 1...
AI summary The discussion centers on the $1.77 million forecast for Phase II transition costs, which does not include implementation or regulatory process costs. The entity acknowledges that regulatory and legal costs may need to be deferred and accounted for separately as they arise.
IESO NOVA SCOTIA PANEL 363 Cr-ex, (Rudderham) 1 PDF page 21. 14 A. (Milligan) Thanks, Ms. Rudderham. 15 Yes, we were just looking to do that 16 math as well. So it's not inclusive of that New Brunswick 17 portion. 18 And that's only to be...
AI summary The discussion revolves around the reimbursement of costs related to a request for proposals (RFP) and subsequent procurement. If the RFP is unsuccessful, the cost would be a direct expense not included in the revenue requirement and would be recovered from ratepayers. If successful, the cost would be reimbursed and flow through a deferral account.
IESO NOVA SCOTIA PANEL 371 Cr-ex, (Rudderham) 1 Q. So this is a table of spending by 5 there's this is being a cashflow forecast will be 6 different from accrual accounting and how those costs are 7 then accrued into the fiscal year would...
AI summary The discussion revolves around the difference between cashflow forecasts and accrual accounting, highlighting capital costs and their recovery. It also addresses whether the IESO NS is on track with a specific budget figure of $820,000.
IESO NOVA SCOTIA PANEL 385 Cr-ex, (Rudderham) 1 THE CHAIR: So when you're ready again 2 there, Ms. Rudderham. 3 MS. RUDDERHAM: Thank you. 4 CROSS-EXAMINATION BY MS. RUDDERHAM, (cont'd) 5 Q. So I wanted to ask a few 6 questions about the co...
AI summary The discussion focuses on cost recovery mechanisms under the More Access to Energy Act, specifically sections 29 and 30, with an emphasis on recovering procurement costs directly from proponents and reimbursing operating expenses from the RFP process.
IESO NOVA SCOTIA PANEL 391 Cr-ex, (Rudderham) 1 Q. Okay. So then does that mean 2 that the IESO NS's understanding of what the 3 administration of the costs means under section 30 does 4 not include the procurement cost or the administrati...
AI summary The discussion revolves around the interpretation of section 30 of the More Access to Energy Act, specifically regarding the recovery of costs related to energy resource supply contracts. The IESO Nova Scotia clarifies that costs such as those from tolling agreements and contract administration fall under section 30, while one-time costs like those for establishing contracts are not included in this mechanism.
IESO NOVA SCOTIA PANEL 395 Cr-ex, (Rudderham) 1 discussed that any of those would be recovered by IESO 15 (Milligan) Yes. So again, as A. 16 we've discussed and as the IESO continues to develop as an 17 organization and address its mandate...
AI summary The discussion centers on the IESO's timeline for filing a cost recovery mechanism under section 30, with references to an existing tolling agreement with NB Power and anticipated payments beginning in fall 2028. The IESO has not yet established a timeline for filing, and there is a mention of internal work being conducted on the mechanism.
IESO NOVA SCOTIA PANEL 441 Cr-ex, (Rudderham) 1 Q. You've alluded to changes not of 2 the magnitude that would warrant new evidence or things 3 like that. What magnitude are you referring to? What 4 dollar amount or what percentage amount...
AI summary The discussion revolves around the IESO's approach to revenue applications and cost management, with a focus on whether changes of a specific magnitude would require new evidence. The IESO emphasizes managing costs within approved budgets, even if unexpected expenses arise later in the year.
account; is that correct? A. (Johnston) Yes, I think that's that was the intent here and I think it was really just trying to recognize that we know that every year whatever we forecast and what we actually spend will vary by hopefully a s...
AI summary The witness confirms the intent behind an accounting approach that acknowledges annual variances between forecasts and actual spending. They also clarify that the request to include capital categories has been modified to focus on depreciation and interest-related expenses rather than deferring capital itself.
whichever way I feel like, what 16 we've got today is not the most rational and we're 17 certainly happy to look at it that way, if that'd be 18 helpful. 19 Q. Right. And not to introduce more INTERNATIONAL REPORTING INC. CERTIFIED COURT R...
AI summary The discussion revolves around cost recovery mechanisms for IESO Nova Scotia, including section 29, section 30, and the transmission tariff under section 79. There is a consideration of allocating labour costs across various categories and how they may be treated under different revenue requirement or cost recovery mechanisms.
IESO NOVA SCOTIA PANEL 495 Questions, (Chair) 1 you get visibility to the total magnitude of costs and 2 where are they sitting, in terms of putting the context of 3 a particular application together? So let us think 4 through how we can s...
AI summary The discussion focuses on cost visibility, recovery mechanisms, and allocation among customer classes. The Chair raises considerations about how costs are passed on to load-serving entities and ultimately to customers, emphasizing the need for transparency and ongoing dialogue around cost recovery.
IESO NOVA SCOTIA PANEL 501 Questions, (Chair) 1 unexpectedly there was to be a determination that that 2 need had somehow changed we would certainly be attentive 3 to that, and the timing allows for that, of the two 4 processes. So I would...
AI summary The discussion focuses on the deferral and variance account mechanism, which aims to ensure that IESO Nova Scotia passes through actual costs and revenue requirements to customers annually. The mechanism is designed to handle both underspending and overspending scenarios, ensuring that surplus or deficit is appropriately managed without holding onto excess funds or requiring external funding.
IESO NOVA SCOTIA PANEL 509 Questions, (Chair) 1 (SHORT PAUSE) 2 MR. JOHNSTON: I'm always nervous when 3 I commit to providing more information to the Board, 4 because you can imagine there's a whole incremental set of 5 work that is that g...
AI summary The discussion centers on the potential for providing more detailed financial reporting to the Board, including monthly filings for the Fuel Adjustment Mechanism. The speaker highlights challenges related to organizational size and resource constraints, suggesting a preference for quarterly reporting. There is also a mention of the need for stringent forecasting and tracking processes for the deferral and variance account.
BROWN In-ch, (Mahody) 1 Q. So for costs, particularly of any 1 were describing was really the way that those capital 2 costs come into revenue requirement over time, such as 3 through depreciation or interest expense. So that 4 clarificati...
AI summary The discussion focuses on the deferral of capital costs and their inclusion in revenue requirements over time, particularly through depreciation or interest expense. The speaker emphasizes that while clarification on deferral mechanisms is important, it does not materially change prior statements or responses.