Topic:"Debt Service Coverage Ratio" in M12874

LEU Response to IR-13 - a) LEU intends to fund this project with Debt financing. The Debt financing will be secured through a debenture with the Province of Nova Scotia Municipal Finance. The debenture is anticipated to be secured in Sprin...

AI summary The LEU plans to fund a project through a 10-year debenture with the Province of Nova Scotia Municipal Finance, secured in Spring 2027, and will seek approval to recover these costs in the next Rate Study, expected in the first quarter of 2027.

on July 13, 2026, and LEU provided its responses on July 23, 2026. In response to IRs, LEU stated that the estimated project budget of $600,000 includes a 10% contingency allowance but excludes HST. LEU stated that the project is planned s...

AI summary The document discusses the 2026 Transformer Project by LEU, which involves replacing PCB transformers and upgrading infrastructure. The project budget is $600,000, excluding HST, and will be financed through a debenture with the Province of Nova Scotia Municipal Finance. The Board approves the project as reasonable and necessary.

on July 13, 2026, and LEU provided its responses on July 23, 2026. In response to IRs, LEU stated that the estimated project budget of $600,000 includes a 10% contingency allowance but excludes HST. LEU stated that the project is planned s...

AI summary LEU submitted its response to IRs regarding the 2026 Transformer Project, explaining the project's budget, scope, and financing. The project aims to replace PCB transformers and upgrade infrastructure to meet regulatory deadlines. The Board approves the project as reasonable and necessary, with a total cost of $600,000 excluding HST.