Topic:"Debt Service Coverage Ratio" in M12521

NON-CONFIDENTIAL 1 (b) Confirmed. 2 3 (c) The Board's 2025 DCRR Decision provided the following direction: 4 5 6 7 8 9 10 11 12 13 Following this decision, the Board will establish a generic proceeding to more thoroughly address and consid...

AI summary The 2025 DCRR Decision directed the Board to establish a generic proceeding to address issues arising from the application of s.64AB to deferral and variance accounts, including the entitlement to interest on BA balances from 2023. NS Power has excluded financing costs from the 2026 BA and provided interest calculations for informational purposes only.

27 1 (d) If program costs are allocated 100% to the programs planned for each 2 customer class, how are the program costs allocated to the Municipal class 3 as there are no specific "Municipal" programs, but rather residential and 4 BNI pr...

AI summary The text outlines several regulatory inquiries related to the allocation of program costs to the Municipal class, the application of interest to the Base Adjustment (BA) under the Public Utilities Act, and the impact of the DSM BA on NSPI's credit ratings and financial position. These requests highlight concerns about transparency, financial implications, and compliance with regulatory standards.

Findings The Board's Interim Order dated December 22, 2025, approved the continuation of the 2025 DCRR charges commencing January 1, 2026, until further order of the Board in this matter, or as part of NS Power's ongoing GRA. NS Power file...

AI summary The Board approved the continuation of the 2025 DCRR charges until further order, with an effective date of January 1, 2026. The GRA did not propose changes to the DSM rider amounts for 2026 or 2027 but did propose changes to the calculation of the BA. All parties supported the 2026 DCRR as proposed by NS Power. The decision on interest entitlement is deferred until further consideration.