Topic:"Financial Instruments" in M13007

The Independent Energy System Operator of Nova Scotia ("IESO Nova Scotia") applies to the Nova Scotia Energy Board ("NSEB", "Board") pursuant to subsection 29(1) of the More Access to Energy Act , SNS 2024, c 2, Sch B, ("MAEA") for approva...

AI summary IESO Nova Scotia seeks approval from the NSEB to implement a new fee recovery mechanism to recover its revenue requirement from applicable LSEs. The mechanism includes a fixed monthly charge and options for annual true-up adjustments. The proposal is based on expert advice and stakeholder engagement, with a four-step cost recovery framework identified by FTI.

1 For this fee recovery mechanism application, an illustrative example of both true-up methodology 2 options is provided in Appendix 3 - Fee Calculation Model. The compliance filing option 3 under-spend of $313,84114 incorporates IESO Nova...

AI summary The document outlines a fee recovery mechanism application that includes a true-up methodology and load allocation adjustment. It describes how revenue requirement true-ups and load allocation adjustments would be calculated and applied annually based on forecast and actual load served data. The process involves adjustments by the DVM and requires LSEs to submit actual load data to IESO Nova Scotia.

e requirement that remain to be collected have been calculated. The Fee - 21 Calculation Model determined the remaining fees proposed to be collected from LSEs based on - 22 the following assumptions: - NSEB approval of IESO Nova Scotia's...

AI summary The document outlines the calculation of remaining revenue requirement fees for LSEs based on assumptions including NSEB approval of IESO Nova Scotia's revenue requirement, interim payments from NSPI, and future true-up options for variances. It references a fee calculation model and provides sample charges for specific entities.

Steps 3 and 4: Set ISO fees and collection and true-up Once step 1, determining the revenue requirement (and associated ISO Core Costs), as well as step 2 to allocate between direct costs and inseparable costs are complete, step 3 will set...

AI summary Steps 3 and 4 involve setting ISO fees for recovering inseparable Core Costs and defining collection and true-up mechanisms. ISOs charge MPs directly for specific services, and true-up mechanisms are necessary due to variations between forecasted and actual Core Costs and billing determinants.

NON-CONFIDENTIAL Market Participant Monthly Fees - Option 2 4 Months 12 Months 24 Months NSPI $2,514,164 $842,959 $424,973 Berwick Electric Commission $18,494 $6,201 $3,126 Riverport Electric Light Commission $4,413 $1,480 $746 Town of Mah...

AI summary The document presents a table showing monthly fees for various market participants under Option 2, with different timeframes. It also notes that the timeframe for NS Power to recover costs from customers is independent of IESO Nova Scotia's cost recovery from NS Power.

Terms of Settlement IESO Fee Recovery Settlement Terms electricity to their customers in a prior fiscal year in which they were not charged. Recovery of Costs from The Parties agree that market participants to whom IESO Ratepayers NS fees...

AI summary The document outlines the terms of settlement regarding IESO NS fee recovery, specifying that market participants are responsible for their own cost recovery from ratepayers, with IESO NS providing assistance. The recovery term is tied to NSEB-approved revenue requirements and will end by December 31, 2027. True-ups will be conducted annually based on actual costs and load served, and the fee recovery mechanism will be reevaluated annually and in response to material developments.

41 39 Date Filed: September 22, 2026 IESO Nova Scotia (MEU) IR - 1 Page 3 of 4 43 c) IESO Nova Scotia's carrying cost is its line of credit rate, currently 2.32%. The dollar 44 figure for carrying costs depends on the period of recovery in...

AI summary IESO Nova Scotia outlines its carrying cost as the line of credit rate, currently 2.32%, and explains that the carrying cost figure depends on the recovery period, including the start date and number of months of recovery. A table is provided for the scenario described.

red balance, net of $9.5 million), 0.8% to the Town of Antigonish, 0.4% to Berwick Electric Commission, 0.1% to the Town of Mahone Bay, and 0.1% to Riverport Electric Light Commission.[54](#page-22-1) The recovery timeline at the bottom of...

AI summary The document discusses the fee calculation methodology for recovering revenue requirements, detailing the distribution of fees among various entities and the timeline for interim and final fee recovery. LEI deems the methodology reasonable, citing traceable inputs and proportional allocation of monthly fees among LSEs. NS Power's volumes are aligned with IESO Nova Scotia's fiscal year.

HEARING ORDER The Independent Energy System Operator of Nova Scotia (IESO Nova Scotia) applied to the Nova Scotia Energy Board on July 31, 2026, for approval of a fee recovery mechanism and corresponding fees to recover its Board-approved...

AI summary The Independent Energy System Operator of Nova Scotia (IESO Nova Scotia) has applied for approval of a new fee recovery mechanism to recover its revenue requirement from market participants, replacing a temporary financial relief measure. The proceeding will initially be a paper hearing, with the possibility of conversion to an oral hearing if needed.

Request IR-13: - Reference: 4.2. The Proposed Fee Recovery Mechanism Load Allocation Adjustment - IESO Nova Scotia states: Given the Proposed Mechanism calculates its charges to LSEs based on their forecast proportional load served to Nova...

AI summary IESO Nova Scotia proposes a load allocation adjustment mechanism to ensure LSEs pay their proportional share of charges based on actual load served data. Questions are raised about the use of NS Power's fiscal year versus IESO's, potential misalignment in load allocation, revenue requirement changes, and data verification processes.

Request IR-22: - Reference: Appendix 2 IESO Enduring Fee Cost Recovery Recommendation Report and - Appendix 3 Fee Calculation Model - The detailed example of the direct charge for Option 2.a. in the report contemplates that an - allocation...

AI summary The text discusses the timing and methodology for calculating fees related to the IESO's enduring fee cost recovery, including the use of forecast versus actual load data for different fiscal years and the implications for fee applications.

Request IR-5: Refer to M13007, Exhibit N-1, Application, Section 4.2 The Proposed Fee Recovery Mechanism, which includes descriptions of Revenue Requirement True-Up Option 1 on pages 29-30 of 48 and Option 2, on pages 30-33 of 48. And refe...

AI summary The text requests information regarding IESO-NS's financial statements, under-spending in specific categories, carrying costs, and the application of the true-up mechanism under the More Access to Energy Act. It also seeks an illustrative example of true-up calculations including carrying costs.

Request IR-8: - Reference: Appendix 3 IESO Nova Scotia fee calculation model - The fee calculation model does not include carrying charges. Is this because the carrying charges - associated with the true-up of the 2025-26 revenue requireme...

AI summary The document requests clarification on whether carrying charges are excluded from the IESO Nova Scotia fee calculation model due to their inclusion as financing costs in the 2026-27 revenue requirement. It also asks for the calculation, rationale, estimated basis points, and methodology for determining carrying costs.