Topic:"Energy Reform 2024 Act" in M12451

rvenor comments. The Board directed a meaningful investigation of the potential use of securitization with a report due no later than April 30, 2025. [MEUs Closing Submission, January 30, 2026, p. 4] [289] As is the case in other jurisdict...

AI summary The Nova Scotia Utility and Review Board directed an investigation into securitization, requiring a report by April 30, 2025. Securitization requires legislative authorization, which was amended in the Energy Reform (2024) Act but remains unproclaimed. The 2024 Task Force recommended enabling the Board to use securitization for managing coal plant retirement costs.

ppendix 8F, Letter from the Province of NS, page 651. [ 47 ](#page-10-11) As amended by the Energy Reform (2024) Act , SNS 2024, c.2, assented to April 5, 2024. proposed change may be submitted to the Board, which may take evidence and giv...

AI summary The Industrial Group supports the proposed securitization, arguing it is in the public interest and protects ratepayers and the utility. They emphasize the Board's role in recommending, not directing, measures under the Energy Reform (2024) Act.

rting the outstanding balances owed to debt, which carries a lower cost of capital and does not provide NS Power with the opportunity to earn any further return on equity in relation to those amounts. It is worth noting that NS Power was i...

AI summary NS Power initially opposed securitization in its 2022-2024 GRA, citing lower cost of capital and no return on equity. The Board directed an investigation into securitization after NS Power failed to address it in its DDA application (M11220). The Energy Reform Act (2024) and subsequent Board decisions prompted NS Power to engage in securitization to reduce costs below WACC.

NS Power's annual financial statements are prepared in accordance with applicable accounting standards and are independently audited, and the Company's Management's Discussion and Analysis (MD&A) is filed quarterly and publicly disclosed....

AI summary NS Power's financial statements comply with accounting standards and Board policies, with external audits and NSEB reviews. The DDA (Matter M11220) allows cost recovery via alternative mechanisms. The Energy Reform (2024) Act (Bill 404) enables securitization through amendments to the Public Utilities Act, signaling legislative intent. The Province remains committed to developing the regulatory framework.

rvenor comments. The Board directed a meaningful investigation of the potential use of securitization with a report due no later than April 30, 2025. [MEUs Closing Submission, January 30, 2026, p. 4] [289] As is the case in other jurisdict...

AI summary The Nova Scotia Clean Electricity Solutions Task Force recommended legislative changes to enable securitization for managing coal facility retirement costs. The Province amended the Public Utilities Act in 2024, but Section 35G remains unproclaimed, delaying implementation. The Board directed an investigation into securitization, emphasizing legislative authorization as a prerequisite.