Topic:"Cost Recovery" in M12883

2025 Affiliate Code of Conduct Report Appendix B Page 2 of 3 Corporate Objective Targets Weighting (%) Result Approved Payout (%) Asset Management Operate, maintain and invest in the assets serving our customers to foster trust through imp...

AI summary This document outlines the 2025 Affiliate Code of Conduct Report Appendix B, which includes corporate objectives related to asset management and financial sustainability. Targets and results for cost reduction, outage duration, net income, and cash flow from operations are detailed, with some targets not being met.

Appendix C 2025 Utility Performance Report Category Measure 2025 2024 2023 Notes the CAM. Each M&A Service is allocated individually as specified in section 14.0 of Feb-25 3267654 Nova Scotia Limited (Terminal Road) 5112 9S-10-R 9S M & A S...

AI summary The text presents a portion of the 2025 Utility Performance Report, detailing various transactions and allocations related to M&A services, including sales and purchases with pricing exceptions and references to the Cost Allocation Manual (CAM). Notes mention sublease rates and specific sections of the CAM.

(Y/N) Reference Period Company InterCo ID Tag Pricing Exception Line Description Amount Purchase/Sale FMV/FAC/Pricing Exception Explanation Aug-25 Tampa Electric 6P-80 6P TECO Audit charges Labour ($1,556) Purchase FAC Sep-25 Tampa Electri...

AI summary The document outlines various financial transactions and adjustments made by companies such as Tampa Electric and Emera Inc. during specific periods, including audit charges, incentive payouts, and corporate allocations. These transactions are categorized under Fair and Appropriate Cost (FAC) and include details on non-regulated adjustments and affiliate transactions.

FAC is determined based on sections 6.0 and 7.0 of the CAM. Labour and expense costs are determined based on sections 10.0 and 11.0 of the CAM and include FAC is determined based on sections 6.0 and 7.0 of the CAM. Labour and expense costs...

AI summary The document discusses how FAC (Fair and Appropriate Cost) is determined based on specific sections of the CAM (Cost Allocation Manual), including labour and expense costs outlined in sections 10.0 and 11.0.

Date Nova Scotia Power Energy Marketing Inc. (NSPEMI) Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 1S-25 1S NG Sale Sale Pricing Exception Dec-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 2P-45 2P Nov Power Purchase- FX...

AI summary The document details transactions and pricing exceptions involving Nova Scotia Power Energy Marketing Inc. (NSPEMI) and Nova Scotia Power Maritime Link (NSPML), including approvals from the NSEB and references to cost recovery and pricing protocols based on market prices.

2025 Affiliate Code of Conduct Report Appendix D(10) Page 1 of 1 REDACTED (CONFIDENTIAL INFORMATION REMOVED) APPENDIX D(10) - M&A Services charged to NS Power Corporate Compliance Cost Recovery 347,915 082 530050 - 535100 Full Time Equival...

AI summary This document presents a detailed breakdown of various cost recovery and overhead expenses associated with different corporate functions and departments within Nova Scotia Power and its affiliates, including compliance, tax, safety, and risk management, with specific figures and classifications.

2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance M&A Services include, but are not limited to: (a) Internal Audit & Corporate Security; (b)...

AI summary This section outlines the M&A Services provided by NS Power, including internal audit, corporate security, and procurement, and specifies that actual costs should be used to adjust initial pricing periodically, at least annually.

CAM Section 14.2 Audit and SOx/NI5 Services The CAM specifies that Audit, SOx and NI5 services are provided by Emera. Emera delivers Audit, SOx and NI5 services and includes audit employees from other affiliates, including Tampa Electric C...

AI summary The CAM mandates that Emera provides audit, SOx, and NI5 services to NS Power, utilizing audit employees from affiliates like Tampa Electric and Emera Caribbean. Direct billing for these employees' work is applied, with costs restricted to hours worked. Time tracking meets CAM documentation requirements, though direct charges are excluded from cost pools as per section 4.0.

- 5 Reference: Ex. N-1, Report, Appendix D(9a), Note, pdf. 116; Appendix D(9b), Note, pdf. - 6 117; Appendix D(10a), Note, pdf. 119; Appendix D(10b), Note, pdf. 120. - 7 Preamble: The notes to Appendices D(9a), D(9b), D(10a) and D(10b) dis...

AI summary The document references appendices that discuss the impact of the 2025 cyber incident on the availability of actual data for allocating M&A Services costs, leading to the use of forecasts and estimates. It requests clarification on the financial impact, methodology, true-up timing, and potential over/under-charging of affiliates.

Request IR-1: - With reference to Appendices D9 and D10. Nova Scotia Power (NS Power) notes that a significant - portion of 2025 Management and Administrative Services (M&A Services) was billed based on - forecast information and will be t...

AI summary Nova Scotia Power (NS Power) refers to Appendices D9 and D10, noting that a significant portion of 2025 Management and Administrative Services (M&A Services) was billed based on forecast information and will be adjusted to actual results. The request seeks confirmation on data availability, reconciliation timeline, and how final charges will be determined if data is missing.

Request IR-3: - Appendices D(9b) and D(10b) identify overhead rates of $38 and $40.11 per labour hour, respectively. - a) Please provide the breakdown and supporting cost components for each rate. - b) Please explain why different rates ap...

AI summary Request IR-3 seeks clarification on overhead rates for M&A services, including their breakdown, rationale for differences between NS Power and Emera, reconciliation with CAM methodology, and changes from 2024 rates.