N-52024-2025 Bates White FAM Audit Report - Redacted
6 passages
IV.B.4. Solid Fuel Prices Following a volatile period of market pricing in the prior audit period,151 coal prices moderated and enjoyed reduced volatility during the 2024-2025 period. The , which is the index against which many of NSPI's c...
AI summary During the 2024-2025 audit period, solid fuel prices for NSPI showed reduced volatility compared to the prior period. NSPI's coal costs-per-tonne consumed are based on already purchased fuel and are managed through hedging strategies to insulate ratepayers from price fluctuations. The audit also highlights differences in imported, domestic, and petcoke prices over the audit period.
Figure XI-27: Start-up and cycling maintenance costs, 2024 and 2025 Unit Number of Start-Ups (Cold, Warm, Hot) Average cost per Total start-up start-up costs Total cycling and maintenance costs Total start-up and cycling and 2024 2025 main...
AI summary The text discusses start-up and cycling maintenance costs for various power units in 2024 and 2025. It highlights that frequent cycling of baseload units increases maintenance costs, and NSPI reports a significant reduction in these costs compared to the prior audit period.
711 Costs sourced from NSPI Quarterly Reports, tabs "10", "10 (2)", and "10 (3)". MWh output sourced from tabs "9", "9 (2)", and "9 (3)". 712 See, Michael Gorman, "N.S. power plant that uses biomass knocked offline after stack falls in hig...
AI summary The text discusses the increased costs associated with the Brooklyn biomass power plant due to amendments to the Renewable Electricity Regulations in 2022. These amendments required NSPI to pay an additional $30/MWh for dispatchable renewable electricity from Brooklyn, significantly increasing costs despite similar energy output. The regulation also established a new rate set by the Board, which overrides existing power purchase agreements.
CBL Energy Charge The CBL Energy Charge includes all incremental, non-capital costs to serve PHP load.816 Prior to each tariff year, PHP is required to provide NSPI a forecast of annual and monthly energy requirements, including anticipate...
AI summary The CBL Energy Charge is a flat rate based on forecasted incremental costs to serve PHP load, determined by NSPI using forecast information provided by PHP. This charge is applied monthly and can vary throughout the year.
Figure XV-4: PHP Costs and Payments833 Year Total Delivered Energy (MWh) Total Billed Charge Total Cost to Serve PHP Load ADC Benefit Off Schedule Charge Additional PHP Payment 2020 $55,507,679 $45,864,745 $6,624,312 $276,000 N/A 2021 $60,...
AI summary Figure XV-4 presents the PHP Costs and Payments from 2020 to 2025, showing variations in total billed charges, total cost to serve PHP load, ADC benefits, off-schedule charges, and additional PHP payments over time. The data highlights fluctuations in costs and benefits associated with the PHP program.
XV.B.3. Scheduling and ADC Benefits Over the audit period, PHP's load (MWh) corresponded reasonably closely to the target energy (MWh) as adjusted for each month although there were several monthly outliers.839 Figure XV-9 compares PHP mon...
AI summary The document analyzes PHP's load performance in 2024 and 2025, comparing actual delivered energy to monthly and annual targets. It highlights significant deviations in August and October 2024 and notes the impact of paper product demand on 2025 performance. The ADC Benefit was positive in 2025, but factors like fuel costs and load variability can affect it.