Topic:"Cost Recovery" in M12885

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 a process for adjusting electric rates in Lunenburg based on NSPI's power costs, using a formula to calculate required rate changes. The Board may amend rates without a public hearing, requiring the Utility to submit forecasts and compare them with prior years' data.

DECISION AND ORDER In an Application dated May 29, 2026, the Town of Lunenburg, on behalf of its Electric Utility, applied to the Nova Scotia Energy Board for approval to amend its Schedule of Rates for Electric Supply and Services to allo...

AI summary The Town of Lunenburg applied to remove a rate cap on its electric utility's rates, approved by the Nova Scotia Energy Board in Matter M12179. The Board approved the removal of the cap in Matter M12943, allowing the utility to pass through rate increases and adjust for changes in NS Power's tariffs and DSM/FAM costs. The utility also plans to recover a deferred revenue amount with interest in a future application.

DECISION AND ORDER In an Application dated May 29, 2026, the Town of Lunenburg, on behalf of its Electric Utility, applied to the Nova Scotia Energy Board for approval to amend its Schedule of Rates for Electric Supply and Services to allo...

AI summary The Town of Lunenburg applied to remove a rate cap on its electric utility's rates, following the NSEB's approval of a capped tariff in 2025. The Board approved the removal of the cap, with the utility proposing new rates adjusted for NS Power's recent changes and deferred revenue to be recovered in 2027.