Topic:"Cost Recovery" in M12959

Why do this project this way? NS Power is obligated to maintain sufficient firm capacity to meet its reliability obligations. Lingan Unit 2 was required for firm capacity for customers during the 2025/2026 season and is expected to be requ...

AI summary NS Power is maintaining Lingan Unit 2 to ensure firm capacity and system reliability until new resources are available. The Board has approved operating expenditures for LIN2 up to the end of 2024 but requires further approval for expenses beyond that date. The decision highlights the need for cost recovery and prudence in operations.

Pursuant to the Board's directions set out above, NS Power is now requesting approval for recovery of operating costs of $1,331,000 for 2025 as follows: Quarter Operating Costs Incurred ($) 2025 Q1 382,000 2025 Q2 169,000 2025 Q3 655,000 2...

AI summary NS Power is requesting approval to recover operating costs of $1,331,000 for 2025, broken down by quarter. The request follows the Board's directions and includes a breakdown of costs incurred in each quarter.

14 16 (b) No. The requested approval amount of $4,392,251 is for capital expenditures only. There 17 are no operating costs included in this amount and the $1,331,000 is an additional requested 18 amount to have the 2025 operating costs ap...

AI summary The requested approval amount of $4,392,251 is for capital expenditures only, with $1,331,000 being an additional request for 2025 operating costs. These costs were previously expensed as non-regulated and are now being reclassified as regulated operating expenditures, following the Board's decision in M11706.

Request IR-5: - a) Please provide a breakdown of the operating costs of $1,331,000 for 2025. - b) Are the operating costs of $1,331,000 included in the requested approval amount of $4,392,251 or an additional requested amount? - c) Are the...

AI summary Request IR-5 asks for a breakdown of $1,331,000 in operating costs for 2025, whether these costs are included in the $4,392,251 approval amount, and how these costs are to be treated (capitalized, expensed, or included in the FAM balance).