Topic:"Fuel Adjustment Mechanism" in M12663

NON-CONFIDENTIAL 1 Request IR - 6 2 Reference: Exhibit D-1 (page 42, lines 13–16; page 43, lines 1–6) 3 IESO Nova Scotia states that "Ahead of this filing, IESO Nova Scotia has consulted NS Power 4 and can advise that NS Power is agreeable...

AI summary IESO Nova Scotia responds to DGT's request regarding the recovery of the Monthly Assessment via the Fuel Adjustment Mechanism (FAM). The NSEB approved temporary relief, directing costs to a separate deferral account instead of FAM. NS Power agrees to the request under specific conditions.

NON-CONFIDENTIAL 21 22 Response IR – 5 23 24 (a) 25 i. Consultation with NS Power began in November 2025. 26 ii. A briefing session with stakeholders was held on January 19, 2026. 27 iii. Please refer to part (a) ii. 28 29 (b) Please note...

AI summary Consultations with NS Power began in November 2025, followed by a stakeholder briefing in January 2026. The NSEB approved IESO Nova Scotia's temporary financial request but rejected NS Power's use of the FAM to defer IESO fees, citing the Board's decision in their February 2026 letter.

Request IR-6: - Reference: Exhibit D‑1 (page 42, lines 13–16; page 43, lines 1–6) - IESO Nova Scotia states that "Ahead of this filing, IESO Nova Scotia has consulted NS Power - and can advise that NS Power is agreeable to the above reques...

AI summary IESO Nova Scotia seeks approval for NS Power to recover the Monthly Assessment through the Fuel Adjustment Mechanism (FAM), with NS Power agreeing provided the FAM can defer and recover the cost. The request asks for justification of FAM's appropriateness, alternatives considered, and impacts on customers.

Request IR-31: a) Given that none of the costs associated with the proposed Monthly Assessment would have flowed through Nova Scotia Power's Fuel Adjustment Mechanism, and would have been allocated to customers on a different basis than FA...

AI summary The document raises three questions regarding the use of the Fuel Adjustment Mechanism (FAM) for Monthly Assessment costs, the reconciliation of interim relief balance once a cost recovery mechanism is approved, and confirmation from IESO Nova Scotia about NS Power's intention not to recover costs until approval. It addresses concerns about cost allocation differences, impact on rate classes, and cost recovery procedures.

echanism. That said, the present facts are exceptional and warrant a tailored, time limited solution under the Board's direction, without prejudging ultimate recovery or customer allocation questions. To address intervenor concerns regardi...

AI summary IESO Nova Scotia proposes a temporary, Board-directed solution using the FAM with a sub-account for transparency, avoiding NS Power absorbing costs. If FAM is rejected, a deferral account is suggested. A permanent fee recovery mechanism application is planned for Q2 2026 to recover deferred fees from customers within one year.