N-23M12835 Exhibit N-2 Att 3 2025 Managements Discussion AnalysisHIGHLIGHTED
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Environmental Legislation and Climate Change NSPI is subject to environmental laws and regulations as set by both the Government of Canada and the Nova Scotia Provincial Government (the "Province"). NSPI continues to work with both levels...
AI summary NSPI is subject to environmental laws from both the Canadian and Nova Scotia governments. It aims to comply with these regulations while minimizing costs to customers. NSPI expects to recover prudently incurred compliance costs through its regulatory framework but faces risks related to non-compliance with climate and environmental legislation.
Changes in Environmental Legislation NSPI is subject to extensive regulation by federal, provincial and municipal authorities regarding environmental matters; primarily related to its utility operations. This includes laws, regulations and...
AI summary Nova Scotia Power Inc. (NSPI) is subject to environmental regulations from federal, provincial, and municipal authorities, including GHG emissions, renewable energy standards, and coal phase-out targets. Both the Province and the Government of Canada have set net-zero by 2050 goals, with the Province aiming to phase out coal by 2030. NSPI collaborates with governments to meet these carbon reduction goals.
Per- and po/yfluoroa/kyl substances ("PFAS'J: PFAS are man-made chemicals that are widely used in consumer products and can persist and bioaccumulate in the environment. The Company does not manufacture PFAS but because these contaminants...
AI summary PFAS are man-made chemicals that persist in the environment and may impact NSP's operations. Changes in environmental laws and regulations related to PFAS could lead to new costs or obligations for investigation and cleanup, potentially affecting land acquisition strategies and resulting in a Material Adverse Effect.
NSPI received a Certificate of Variance from NSECC on March 25, 2025, which provides flexibility on the timing of SO2 emissions over the 2025 through 2034 period, including compensating for the excess 14,410 tonnes of SO2 emissions in 2022...
AI summary NSPI received a Certificate of Variance allowing flexibility in SO2 emissions timing, reducing compliance costs. Environmental laws and regulations may cause Material Adverse Effects by delaying projects, restricting operations, increasing costs, or requiring compliance measures like carbon taxes. Non-compliance risks penalties, legal actions, and sanctions.