Topic:"Debt Service Coverage Ratio" in M12833

Change vs 28Y Change vs 28Y 25,826,268 27,133,723 28,507,368 29,950,553 31,466,800 33,059,807 34,733,460 36,491,841 38,339,241 40,280,165 42,319,348 44,461,765 - - - 713,000,000 - Principal payments 713 713 - 20,309,674 19,002,219 17,628,5...

AI summary The document presents a table showing financial data over several years, including principal payments, financing costs, income taxes, revenue requirements, and NSP revenue requirements. It outlines changes in various financial metrics from year to year.

2026 Pre-Tax WACC 6.59% Securitization Bond Interest Rate 5.00% NSPI Return on Equity Embedded in 2026 WACC 9.00% NSPI Equity Thickness Embedded in 2026 WACC 40.00% Tax Rate 29.00% NBV to be recovered 713,000,000 Mortgage style bond amorti...

AI summary The text provides financial details related to Nova Scotia Power Inc. (NSPI), including the 2026 Pre-Tax WACC, securitization bond interest rate, return on equity, equity thickness, tax rate, and the net book value (NBV) to be recovered through mortgage-style bond amortization.

Issue Date 2026-01-01 First Payment Date 2026-07-01 Payment # Payment Date Opening Balance Payment Amount Interest Principal Remaining Balance 39 2045-06-07 386,744,071 23,067,971 9,668,602 13,399,369 373,344,702 40 2045-12-06 373,344,702...

AI summary The document provides a table detailing a series of payments over time, including payment numbers, dates, opening balances, interest, principal, and remaining balances. These payments appear to be part of a financial or debt repayment schedule.

NON-CONFIDENTIAL 1 Request IR-2: 2 4 7 9 13 15 3 Reference: Figure 3 – Unrecovered DDA costs in 2029 assuming 2026 Securitization. 5 1. Please provide the calculation of the financing costs, including the assumed interest 6 rates. 8 Respon...

AI summary The response to Request IR-2 provides the method used to calculate financing costs, including the assumed interest rate of 6.59 percent and the use of NS Power's Weighted Average Cost of Capital (WACC). Deferred financing costs are calculated based on the Remaining NBV at December 31, 2025, with semi-annual compounding.

14 Please refer to Attachment 1 for the detailed calculation. Remaining NBV Deferred Financing costs - May 1, 2026 to Dec 31, Deferred Financing Costs - Jan 1, 2027 to Total Deferred Financing Costs Unit/Plant Dec. 31, 2025 2026 December 3...

AI summary The text refers to Attachment 1 for detailed calculations involving remaining NBV and deferred financing costs for various units and plants from 2026 to 2027. It provides a table with specific values for each unit and the total deferred financing costs.

July 10, 2026 VIA EMAIL Ms. Crystal Henwood Clerk of the Board Nova Scotia Energy Board 1601 Lower Water Street, 3rd Floor Halifax NS B3J 3S3 Dear Ms. Henwood: Re: M12833 - Nova Scotia Power Incorporated's 2025 Annual Report respecting the...

AI summary This document discusses the Decarbonization Deferral Account (DDA) mechanism proposed by Nova Scotia Power Incorporated (NS Power) and its 2025 Annual Report. The Nova Scotia Energy Board approved the DDA in principle but left all aspects open for stakeholder discussion, including the possibility of securitization. The Small Business Advocate (SBA) has reviewed the 2025 DDA Report and submitted comments.

Background On April 30, 2026, Nova Scotia Power Inc. ("NS Power") filed its Decarbonization Deferral Account 2025 Annual Report (the "Report") with the Nova Scotia Energy Board (the "Board"). The Decarbonization Deferral Account, or DDA, w...

AI summary NS Power submitted its DDA 2025 Annual Report to the Board, detailing $784 million in unrecovered costs for retiring thermal assets by 2030. NS Power proposed securitization of coal plant costs in its 2026-2027 GRA, but this has not occurred due to lack of legislative authorization.