N-12025 Annual Financial Statements - Redacted
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NSPI's fuel costs are affected by commodity prices and generation mix, which is largely dependent on economic dispatch of the generating fleet. NSPI brings the lowest cost options on stream first after renewable energy from IPPs including...
AI summary NSPI's fuel costs are influenced by commodity prices and the generation mix, which is determined by economic dispatch of the generating fleet. Renewable energy from IPPs and COMFIT participants, along with the NS Block of energy, plays a significant role in the generation mix. The NS Block carries no additional fuel costs beyond approved annual assessments. Factors such as plant outages, carbon pricing programs like OBPS, and compliance with environmental regulations also affect the generation mix.
Revenue and Electricity Sales Volumes by Customer Class For the years ended Electric Revenues (%) GWh Electric Sales Volumes (%) December 31 2025 2024 2025 2024 Residential 56.2% 55.0% 49.4% 48.2% Commercial 27.4% 27.5% 28.8% 28.8% Industr...
AI summary The table presents revenue and electricity sales volumes by customer class for 2025 and 2024, showing the distribution of electric revenues and sales among residential, commercial, industrial, and other categories. The data highlights the percentage contribution of each customer class to total revenue and electricity sales.
Annual production volumes are summarized in the following table: Production Volumes (GWh) 2025 2024 Natural gas 17,470 18,027 Solar 2,419 2,250 Purchased power 2,004 1,569 Coal 46 32 Total 21,939 21,878 2025 Annual Financial Statements Att...
AI summary The document provides an overview of annual production volumes for various energy sources in 2025 and 2024, including natural gas, solar, purchased power, and coal. It also references the Strategic Overview and Management's Discussion and Analysis section of the 2025 Annual Financial Statements.
ACCOUNT SEGMENT Account Segment Value Account Segment Description 243100 ACCRUED CREDIT UNION DEDUCTIONS EES 243150 ACCRUED UNION DUES EMPLOYEES 243200 ACCRUED COMMON SHARE PURCHASE PLAN EES 243250 ACCRUED DIRECTORS SHARE PURCHASE PROG 243...
AI summary The document presents an account segment listing various accrued liabilities, long-term liabilities, and regulatory compliance-related financial items, including pension plans, carbon tax payable, and site restoration reserves. These entries reflect financial obligations and commitments across different categories, including regulatory and long-term liabilities.
2 Of the $24.8M earnings above NS Power's approved ROE range in 2010, $10.3M was expensed as accelerated amortization under the section 21 mechanism. The remaining $14.5M was tax benefits related to renewable energy projects, which was def...
AI summary This text discusses Nova Scotia Power's earnings above and below the approved return on equity (ROE) range across various years, including how certain amounts were expensed or deferred. It references the Electricity Plan Implementation (2015) Act and the NSUARB's directives regarding the application of revenue to the FAM balance.
N-2Refiled Statements - NSPI - Redacted
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Nova Scotia Power Incorporated - Management Information Circular 2026 Corporate Objective Weight- ing (%) Result Payout (%) Customer Building a reputation for customer\nexperience Objectives included: Threshold: Achieve 2025 Customer First...
AI summary The document outlines Nova Scotia Power Incorporated's 2026 Management Information Circular, including corporate objectives and performance metrics. It covers customer experience, asset management, and financial goals, with a focus on achieving targets related to customer satisfaction, reliability improvements, and financial performance.
2025 Annual Financial Statements Attachment 5 Page 1 of 26 REDACTED (CONFIDENTIAL INFORMATION REMOVED)
AI summary The document is a redacted page from the 2025 Annual Financial Statements Attachment 5, which contains confidential information. It appears to be part of a regulatory or financial disclosure process involving Nova Scotia Power or a related entity.
Market and Sales Electric sales volumes are primarily driven by weather, number of customers, customer usage, general economic conditions and DSM activities. Residential and commercial electricity sales are seasonal, with the first quarter...
AI summary Electric sales volumes are influenced by weather, customer numbers, usage, economic conditions, and DSM activities. Residential and commercial sales are seasonal, with higher sales in the first quarter due to colder weather and fewer daylight hours. Revenue details are referenced in the MD&A section under 'Electric Revenues'.
2025 Annual Financial Statements Attachment 5 Page 6 of 26 REDACTED (CONFIDENTIAL INFORMATION REMOVED) NSPI's fuel costs are affected by commodity prices and generation mix, which is largely dependent on economic dispatch of the generating...
AI summary NSPI's fuel costs are influenced by commodity prices, generation mix, and factors such as renewable energy from IPPs, COMFIT participants, and the NS Block. The generation mix is also affected by plant outages, carbon pricing programs, and compliance with environmental regulations. Fuel costs and purchased power fluctuate annually, with detailed information available in the MD&A section.
Mark-to-market ("MTM") Adjustments: Management believes excluding from net income the effect of MTM valuations and changes thereto, until settlement, better aligns the intent and financial effect of these contracts with the underlying cash...
AI summary Management excludes mark-to-market adjustments from net income to better align financial reporting with cash flows, impacting performance evaluations and incentive compensation. These adjustments relate to commodity derivatives, Bear Swamp Power Company, equity securities, and foreign exchange hedges.
EES derives revenue and earnings from wholesale marketing and trading of natural gas and electricity within the Company's risk tolerances, including those related to value-at-risk ("VaR") and credit exposure. EES purchases and sells physic...
AI summary EES generates revenue through wholesale marketing and trading of natural gas and electricity, with operations primarily in northeastern North America. In 2025, EES adjusted its earnings guidance upward due to favorable market conditions, including higher natural gas prices and volatility, resulting in increased earnings compared to 2024.
2025 Annual Financial Statements Attachment 6 Page 38 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...
AI summary The text discusses the impact of gas price differentials and foreign exchange rate fluctuations on financial statements, particularly focusing on mark-to-market (MTM) adjustments. These adjustments affect income and are influenced by contract terms and business growth.
2025 Annual Financial Statements Attachment 6 Page 49 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...
AI summary The text discusses potential Material Adverse Effects on Emera due to environmental laws and regulations, including delays in energy projects, restrictions on facilities, early retirement of generation assets, increased compliance costs, and impacts on natural gas sales and capital investments. Non-compliance could lead to legal actions, fines, and other sanctions.
Pension and Other Post-Retirement Employee Benefits The Company provides post-retirement benefits to employees, including defined benefit pension plans. The cost of providing these benefits is dependent upon many factors that result from a...
AI summary The Company provides post-retirement benefits to employees, including defined benefit pension plans. Accounting for these benefits is a critical estimate, with factors such as employee demographics and actuarial assumptions significantly impacting financial statements. Pension plan assets are primarily equity and fixed income investments, and fluctuations in market returns and interest rates affect future pension costs. The Company uses smoothed asset values to reduce volatility in reported pension costs, with the discount rate being the main source of volatility.
Asset Retirement Obligations Measurement of the FV of AROs requires the Company to make reasonable estimates concerning the method and timing of settlement associated with legally obligated costs. There are uncertainties in estimating futu...
AI summary The document discusses the measurement and accounting of asset retirement obligations (AROs) by Emera, including the factors affecting estimates, such as legislation, technology, and regulatory requirements. It outlines how AROs are recorded, accreted, and their impact on financial statements, as well as the timing and estimated costs of future obligations.
Non-regulated Revenue: Marketing and trading margins are comprised of Emera Energy's corresponding purchases and sales of natural gas and electricity, pipeline capacity costs and energy asset management revenues. Revenues are recorded when...
AI summary Non-regulated revenue includes marketing and trading margins from natural gas and electricity, pipeline capacity costs, and energy asset management. Revenue is recognized when contractual obligations are met, with energy sales recorded as electricity is delivered to customers over time.
2025 Annual Financial Statements Attachment 6 Page 88 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...
AI summary This document contains the 2025 Annual Financial Statements of Emera, including Management's Discussion and Analysis, Consolidated Financial Statements, and other related sections such as leadership information and shareholder details.
N-3Additional Submissions Financial Statements - Redacted
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ova Scotia Power Incorporated 11931 4938 RC0001 1 2 3 4 5 6 Row Name of CFA Amounts determined for variable A in the definition of IFE for the affiliate Proportion determined under subsection 18.2(2) Amount G in Part 2K % Denied amount und...
AI summary The text provides a table with various financial and tax-related calculations, including amounts determined for variable A in the definition of IFE, proportions under subsection 18.2(2), denied amounts, and the corporation's share of denied amounts. The table includes references to tax years, percentages, and specific tax-related clauses.
Claim for the year under subsection 66(4) for foreign exploration and development expenses (from line 520) 7A
AI summary This document text includes a claim for the year under subsection 66(4) for foreign exploration and development expenses, referencing line 520. It pertains to income from foreign-source resource properties and associated expenses.
use before 2034 and 7.5% if it becomes available for use in 2034. Clean technology manufacturing If you acquired CTM property after 2023 and it becomes available for use: before 2032 in 2032 10 in 2033 5 in 2034 Clean electricity If you ac...
AI summary The text outlines tax credit rates for clean technology manufacturing and clean electricity property acquired after specific dates, with varying percentages depending on the year of availability for use. It also references qualified expenditures and eligible corporations under the Scientific Research and Experimental Development (SR&ED) program.
N-4NSPI (NSEB) RIR 1 to 12 - Redacted
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NON-CONFIDENTIAL 1 Request IR-2: 2 3 Please provide details of the financial statements related to NS Power Energy Marketing 4 Incorporated (NSPEMI) for 2025 with 2024 comparative amounts. Please indicate any major 5 financial transactions...
AI summary The response to Request IR-2 provides details on NSPEMI's 2025 financial statements, including major transactions and factors affecting operating expenses, such as increased energy availability from the Labrador Island Link and a certificate of variance allowing more coal generation.
Unfavorable Generation Mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment in r...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers, leading to higher electricity rates. The Muskrat Falls project will reduce coal dependency, but coal plants will remain until 2030. Compliance with the Canada-Nova Scotia Equivalency Agreement allows compliance until 2029, but coal plants must close by 2030, requiring significant investment.
Industry Regulated Utility Description Assessment Weight Emissions, Effluents, and could result, in changes to an issuer's financial, operational, and/or Waste reputational standing? N N Does the issuer face increased regulatory pressure r...
AI summary This section evaluates potential environmental and social risks to the issuer's financial and operational standing, including carbon and GHG costs, resource management, biodiversity loss, and climate-related disruptions. While some risks are noted, they are not deemed material in the short or long term.
REDACTED 2025 Annual and Regulated Financial Statements NSEB IR-11 Attachment 1 Page 4 of 6 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COMFIT Commitments Summary Annual Energy Rate/MWh 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 203...
AI summary The document presents a summary of COMFIT commitments for various biomass and energy projects in Nova Scotia, including financial details for each commitment over the years 2026 to 2040. The table outlines annual energy rates and associated costs for each project.