Topic:"Financial Instruments" in M12898

9 SUBCONTRACTORS - 9.1 Where NSPI provides written consent to the Service Provider to subcontract any of the Services, such consent shall not to be unreasonably withheld, the Service Provider shall preserve and protect the rights of the Pa...

AI summary This section outlines the conditions under which NSPI may allow subcontracting of services. It requires the Service Provider to ensure that subcontractors adhere to the same terms and conditions as in the main agreement, including safety and environmental provisions, and maintain appropriate insurance coverage.

NON-CONFIDENTIAL) 1 Prior to the cyber incident, inventory was issued to a work order number which was directly 2 linked to the project number and, as materials were consumed, the inventory was 3 automatically charged to the project with t...

AI summary The document discusses the impact of a cyber incident on NS Power's financial tracking of inventory and materials, leading to a lack of detailed descriptions in 2025. Business continuity processes ensured accurate financial statements, but detailed project-specific data is missing. Examples of procurement contracts are provided, including joint contracts with NB Power.

ver the same period. In addition, the CA noted that a particular concern is the $8 million year-over-year increase in Bin Work costs, resulting in a total increase of more than 300% in just two years. The CA suggested that the Board could...

AI summary The Consumer Advocate (CA) raised concerns about the $8 million increase in Bin Work costs and suggested reducing ATO cost recovery and improving reporting transparency. NS Power acknowledged some information gaps due to a 2025 cyber incident but is working to enhance its reporting capabilities.

formation and metrics requested by the CA were not available for D055 in 2025, for the reasons discussed below. In the ordinary course, NS Power would be able to provide contractor-level expenditure information and materials cost informati...

AI summary The information and metrics requested by the CA for D055 in 2025 were not available due to the 2025 cyber incident, which disrupted access to detailed financial information through systems like PowerPlan. NS Power expects to provide this information for 2026 if requested.

ule 12 of the Board Regulatory Rules , was submitted by NS Power on July 28, 2026, regarding CA IR-5 and its Attachments. The Board approved NS Power's request for these confidentiality requests. The 2025 ACE Plan included expenditures for...

AI summary NS Power submitted a request for confidentiality under Board Regulatory Rules, which was approved. The 2025 ACE Plan included capital expenditures for D055 Planned Replacement of Distribution Equipment, with allocations for various work types. NS Power noted changes in spending due to updated condition data and reprioritization.

ver the same period. In addition, the CA noted that a particular concern is the $8 million year-over-year increase in Bin Work costs, resulting in a total increase of more than 300% in just two years. The CA suggested that the Board could...

AI summary The Consumer Advocate (CA) raised concerns about a significant increase in Bin Work costs and suggested reducing ATO cost recovery and improving reporting transparency. NS Power acknowledged the issues but explained that a 2025 cyber incident limited data availability and noted challenges in implementing more detailed reporting.