Topic:"Cybersecurity" in M12394

NON-CONFIDENTIAL 1 Request IR-01: 2 3 In the Spring of 2025, NS Power suffered a cybersecurity incident. 4 a) Did this incident impact NSPML's operations, assets or information technology? 5 b) Are any proposed O&M costs for 2026 related t...

AI summary NS Power experienced a cybersecurity incident in Spring 2025, which temporarily impacted NSPML's data accessibility but not operations or assets. No O&M costs for 2026 are related to the incident. NSPML also discusses the need for a marine survey following the Cable Protection Project in 2026, citing CIGRE Technical Brochure 825.

7.5 Overall assessment of business risk - 251. In this section of the decision, the Commission considers whether business risk factors impacting all the utilities, or a particular segment of the utilities, require the Commission to adjust...

AI summary The Commission evaluates business risk factors affecting utilities, including cybersecurity, decarbonization policies, and macroeconomic factors, and considers whether these justify adjusting deemed equity ratios. Utilities argue for higher equity ratios due to increased risks, while interveners suggest maintaining or reducing them. Stranded asset risks and a recent court decision are also discussed.

Other Risks and Regulatory and Rate-Setting Mechanisms Utilities have argued that in addition to energy transition, other risks are increasing such as cyber security, changes in sales volumes, extreme weather events, and changes in governm...

AI summary The OEB acknowledges increased risks for utilities due to factors such as cybersecurity and extreme weather, but argues that regulatory mechanisms have reduced utility risk since 2009. The OEB also notes that no generic adjustments are being made for Enbridge Gas or OPG in this proceeding, and will monitor trade tariffs and market conditions for potential future reviews.

Request IR-1: - In the Spring of 2025, NS Power suffered a cybersecurity incident. - a) Did this incident impact NSPML's operations, assets or information technology? - b) Are any proposed O&M costs for 2026 related to or affected by this...

AI summary The document outlines several requests for information regarding NSPML's operations, including the impact of a 2025 cybersecurity incident, the necessity of a marine survey following a cable protection project, risk mitigation strategies for vessel market changes, and the definition and implications of a 'material' contract related to a renewed LTSA with Hitachi.