Topic:"Depreciation Amortization" in M12780

3.2.1 Functionalization of System Costs As indicated in the Revenue Requirement section above, NS Power has used the test year revenue requirements, already functionalized by the four areas, from the historic rate cases. In the "With DSM"...

AI summary NS Power has functionalized system costs based on historic rate cases, adjusting revenue requirements for changes in load and inflation. The impact of DSM on load savings and avoided costs is considered, with examples provided on the true-up of depreciation costs from the Maritime Link project.

4.2 2.3 Effective Useful Life 24

AI summary The document provides a table entry with a value of 24 for the 'Effective Useful Life' under the '4.2' and '2.3' categories. The context is part of a regulatory proceeding, likely related to asset management or depreciation calculations.

4.2.3 Effective Useful Life The Evaluator validated the EUL values based on the 2025 DSM MA. No adjustment was made to the EUL value of the reviewed project.

AI summary The Evaluator validated the Effective Useful Life (EUL) values based on the 2025 DSM MA without making any adjustments to the reviewed project's EUL.

6.2.3 Effective Useful Life The Evaluator validated the EUL values based on the 2025 DSM MA. There were no adjustments made to the EUL values of reviewed 2025 projects.

AI summary The Evaluator confirmed the Effective Useful Life (EUL) values using the 2025 DSM MA without adjustments. No changes were made to EUL values for reviewed 2025 projects.

4.2.4 Effective Useful Life Although no electrical energy savings are expected from DR initiatives, the Evaluator established an EUL value since the available DR capacity can persist over time. For the Residential DR, an EUL value of one y...

AI summary The Evaluator assigns an Effective Useful Life (EUL) value of one year to Residential Demand Response (DR) programs, as participation includes all active participants annually. This avoids extrapolating capacity over lifetime, despite no electrical energy savings from DR initiatives.

Table 2: Incremental Equipment Cost Scenarios Scenario General Description Assumed Failure/Burnout The Incremental Equipment Cost calculation is treated the same as the Early Replacement scenario. Even though the current technology or serv...

AI summary The text presents a table titled 'Incremental Equipment Cost Scenarios' with a scenario labeled 'Assumed Failure/Burnout.' This scenario describes how the Incremental Equipment Cost calculation is treated similarly to the Early Replacement scenario, even when equipment is assumed to have failed or burned out, and an appropriate Remaining Useful Life (RUL) is assigned.

Consolidated Statements of Income For the Three months ended Year ended millions of dollars December 31 December 31 2025 2024 2025 2024 Operating revenues $ 504 $ 479 $ 1,944 $ 1,855 Fuel for generation and purchased power 269 (216) 1,065...

AI summary The consolidated statements of income show operating revenues increased in 2025 compared to 2024, driven by higher fuel costs and other deferrals. Operating expenses also increased, particularly due to higher OM&G costs related to storm recovery and cybersecurity incidents. Net income decreased significantly in 2025 compared to 2024.

Q3 2025 compared to Q3 2024 Q3 2025 net income decreased by $11 million compared to Q3 2024. The decrease is due to increased OM&G expenses, and increased depreciation and amortization due to increased PP&E in service. OM&G expenses increa...

AI summary Q3 2025 net income decreased by $11 million compared to Q3 2024 due to increased OM&G expenses and higher depreciation and amortization from increased PP&E in service. The increase in OM&G expenses was driven by higher costs in transmission, distribution, and power generation operations, partially offset by higher administrative overhead allocated to PP&E.

Q2 2025 compared to Q2 2024 Q2 2025 net income decreased by $12 million compared to Q2 2024. The decrease is due to increased OM&G expenses, and increased depreciation and amortization due to increased PP&E in service. OM&G expenses increa...

AI summary Q2 2025 net income decreased by $12 million compared to Q2 2024, primarily due to increased OM&G expenses and depreciation and amortization from higher PP&E in service. Increased OM&G expenses were driven by higher power generation costs and expenses related to a Cybersecurity Incident.

General Rate Application ("GRA"): On April 30, 2026, the NSEB approved the GRA with changes effective on May 1, 2026. This results in an average annual customer rate increase of 1.2 per cent, and a further average annual increase of 2.5 pe...

AI summary The NSEB approved the GRA on April 30, 2026, effective May 1, 2026, with a 1.2% annual rate increase and a further 2.5% increase in 2027. The approved rates will increase annual revenue by $31 million in 2026 and $97 million in 2027. Fuel cost adjustments will be managed via the FAM process, and NSPI's ROE range remains at 8.75% to 9.25%. The depreciation study and storm rider were also approved, and NSPI plans to recover deferred costs through securitization, pending provincial support.