Topic:"Fuel Cost Adjustment" in M12273

NS Power Cyber Incident Report Appendix B Page 4 of 7 Report 2 - Report 3 - Report 4 - Forecast Restoration of Affected Regulatory Matters Latest update October 1 November 3 December 1 Normal Activities Fuel Adjustment Mechanism

AI summary The document references the Fuel Adjustment Mechanism in the context of a cyber incident report, highlighting its relevance to affected regulatory matters and the timeline for the restoration of normal activities.

Normal Activities Fuel Adjustment Mechanism

AI summary The text references the Fuel Adjustment Mechanism, which is a component of the regulatory process related to adjusting fuel costs in energy utility proceedings.

December 1: "As identified in the Second Monthly Update Report, Fuel Adjustment Mechanism (FAM) related matters have been affected by the Incident. The Company has commenced preparations for the 2024/2025 FAM Audit. Significant progress wa...

AI summary The document discusses the impact of an incident on Fuel Adjustment Mechanism (FAM) related matters and the progress made in preparing for the 2024/2025 FAM Audit. The Company has made progress in recovering systems and data, including enabling cloud installation of PortOps dispatch optimization software and restoring some historical network drive information.

ata Requests, the Company will continue to make best efforts to provide the auditor with an alternative data set to validate the prudency of fuel costs management." Update: The Q3 Maritime Link Benefits Report was filed on November 10, 202...

AI summary The Company is working to provide an alternative dataset for validating fuel cost prudency. The Q3 Maritime Link Benefits Report was filed, but data was unavailable. The PI system has been enabled to rebuild data for future reports, with no expected impact on customers.

available, all benefits related to the Maritime Link will be reported in a future report. This is not expected to have an impact on customers. Update: The Q3 2025 FAM report filed on November 10, 2025 included manually produced Fuel Report...

AI summary The Q3 2025 FAM report included manually produced Fuel Reports due to system outages. The electronic system is expected to return online in Q1 or Q2 2026. Cause codes related to PHP under the ELIADC were included in the Q3 2025 report.

r Approval of 2025 2026 TVP Tariffs Decision Approved, October 28, 2025. Page 4 of 9 December 1, 2025 C. Henwood Extra Large Industrial Active Demand Control Tariff and One-Part RTP Tariffs Since NS Power’s last monthly update, NS Power has...

AI summary NS Power has re-established critical systems for evaluating ELIADC and determining costs to serve PHP and One-Part RTP. Capital budgeting data was impacted by an incident, though spreadsheets were used for continuity. The Fuel Adjustment Mechanism remains a focus for cost recovery and rate-setting.

rim for business continuity, which allowed for the uninterrupted monthly capital filings, the development of the 2026 ACE Plan, and continued financial reporting requirements. Fuel Adjustment Mechanism As identified in the Second Monthly Upd...

AI summary The document discusses the impact of an incident on the Fuel Adjustment Mechanism (FAM), including preparations for the 2024/2025 FAM Audit, data recovery efforts, and the submission of manually generated Q3 FAM reports. It highlights progress in restoring systems and data, though challenges remain in accessing full historical information.

ata for the FAM report was able to be created through different processes, with a high degree of confidence that the data is accurate. Once systems are back online, any discrepancies will be trued up. Dispatch Study Action Plan Quarterly U...

AI summary The document discusses updates on the FAM report data accuracy, delays in the ECC Optimization Tools Project until March 2026, resolution of Maritime Link Project cost allocation issues, and the impact of a cybersecurity incident on the Joint-Use Agreement Proceeding. NS Power also addressed capital costs for poles under the JUA.

Ongoing Regulatory Matters As a result of the impacts noted above, several matters before the Board have been affected, including: • rates-related, Page 4 of 16 October 1, 2025 C. Henwood • customer billing, • capital and ACE Plan, • finan...

AI summary The Incident has impacted multiple regulatory matters before the Board, including rates, billing, capital/ACE Plan, financial reporting, fuel adjustment mechanisms, reliability standards, and demand-side management. The Board is being updated on evolving impacts to ensure transparency.

Despite these differences, WTI emphasized that “the cost variance in each case is <0.5% of the System NPVRR,” which it cited as confirming that the Reliability Intertie “enables the lowest cost long-term solution for the NS electricity syste...

AI summary The cybersecurity incident affected financial reporting and the Fuel Adjustment Mechanism (FAM), with WTI emphasizing minimal cost variance (<0.5% of System NPVRR) and Midgard dismissing re-run variances as non-material. Data unavailability from the incident impacted the Maritime Link Benefits Report, though NS Power expects full recovery by 2025.

In the Q2 FAM report covering letter of August 18, 2025, the Company provided the following: The Fuel Reports that are submitted as part of the Quarterly FAM report in tabs 1-30 are derived from an enterprise resource system which NS Power...

AI summary NS Power manually produced Fuel Reports for Q2 2025 due to an inaccessible enterprise resource system and plans to reconcile them once the system is restored. A cybersecurity event disrupted Cause Code reporting under ELIADC, affecting dispatch instructions and leading to specific Cause Code unavailability.

ECC ramp down and 4 – Mutual agreement, cannot be applied. NSP Marketing providing PHP with real-time dispatch schedule resumed on August 5th. 7 However, the majority of the data for the FAM report was able to be created through different...

AI summary The document discusses NSP Marketing resuming real-time dispatch schedules after an incident impacted the ECC Optimization Tools project timeline. The FAM report data is deemed accurate despite system disruptions, with discrepancies to be resolved once systems are operational. The NSEB highlighted project delays in its September 2025 letter.

ation dates remain to be determined. 6 NS Power Letter, Re: Q2 2025 FAM Report, August 18, 2025, p.2. 7 FAM SWG Presentation, September 26, 2025. Page 10 of 16 October 1, 2025 C. Henwood

AI summary The document references a letter from NS Power regarding the Q2 2025 Fuel Adjustment Mechanism (FAM) report and a subsequent FAM SWG presentation. These materials were submitted in August and September 2025, with a date of October 1, 2025, and addressed to C. Henwood.

The ECC Optimization Tools Project, which addresses the items in the Dispatch Study Action Plan, has been impacted by the Incident in two key areas. One related to vendor solution access which was disconnected by the vendor as a precaution...

AI summary The ECC Optimization Tools Project faced delays due to an incident affecting vendor access and NS Power IT infrastructure. A revised schedule to March 2026 was established, with performance metrics like call answer rates and estimated bills impacted, though manual meter reading mitigates some effects. No customer impact is expected.

available in November 2025 and will work diligently to populate the necessary databases and restore the dependent processes once system access is re-established. Fuel Adjustment Mechanism Fuel Adjustment Mechanism (FAM) related matters hav...

AI summary NS Power discusses impacts of a system incident on the Fuel Adjustment Mechanism (FAM) audit, demand response programming with E1, and challenges in Customer Energy Management evaluation due to unavailable AMI data. Alternatives like dataloggers and collaboration with Econoler are being explored.

Board panel considering this matter is Stephen T. McGrath, K.C., Chair; Roland A. Deveau, K.C., Vice Chair; and Richard J. Melanson, LL.B., Member. The items addressed in Monthly Update #3 included: • The first of three phases of financial...

AI summary The Board panel outlines updates on NS Power's financial systems, including delayed AMI data availability, ongoing Fuel Adjustment Mechanism audit impacts, and the Privacy Commissioner's investigation. NS Power anticipates resolving pending invoices by year-end and submitting an Incident Report by December 2025.

r Approval of 2025 2026 TVP Tariffs Decision Approved, October 28, 2025. Page 4 of 9 December 1, 2025 C. Henwood Extra Large Industrial Active Demand Control Tariff and One-Part RTP Tariffs Since NS Power’s last monthly update, NS Power has...

AI summary NS Power has restored systems for evaluating ELIADC and cost-to-serve PHP/One-Part RTP tariffs. Capital budgeting was disrupted by an incident, but spreadsheets were used for continuity, enabling 2026 ACE Plan development. The Fuel Adjustment Mechanism remains a focus for cost recovery.

rim for business continuity, which allowed for the uninterrupted monthly capital filings, the development of the 2026 ACE Plan, and continued financial reporting requirements. Fuel Adjustment Mechanism As identified in the Second Monthly Upd...

AI summary The document outlines the impact of an incident on the Fuel Adjustment Mechanism (FAM), including progress in restoring systems for the 2024/2025 audit, data recovery efforts, and the company's commitment to ensuring accurate fuel cost reporting and compliance with prudence reviews.

the IESO-NS. Financial Reporting and Statements Q2 2026 (for completion of Q4 Financial Reporting and Statements Introduced NA NA Updated The Q4 Annual Regulated Finanical Statements are on track to file April 15, 2026. 2025 Regulated Fina...

AI summary The document outlines progress on Q4 Annual Regulated Financial Statements, targeting April 15, 2026 filing, and references cybersecurity updates and fuel rates-related matters, including the adjustment mechanism. Key themes include financial reporting timelines and cybersecurity measures.

Activities Updated Jan 31, 2026 FuelRates-Related Matters Adjustment Mechanism Updated General NA Updated NA NA Q1 2026 Maritime Link Benefits Report Introduced NA NA NA NA Q1 2026 FAM Quarterly Introduced NA Updated NA NA Q1/Q2 2026 Dispa...

AI summary The document outlines updates to fuel rate-related matters, including the adjustment mechanism, and mentions cybersecurity activities. It references reports and updates related to Maritime Link benefits, FAM quarterly updates, and a dispatch study action plan, with activity updates dated January 31, 2026.

Monthly Cybersecurity Update 6 Attachment 2 Page 3 of 6 Report 2 - Report 3 - Report 4 - Report 5 - Report 6 - Forecast Restoration of Normal Affected Regulatory Matters October 1 November 3 December 1 February 4 March 4 Activities Latest...

AI summary The document outlines a monthly cybersecurity update with attached reports detailing affected regulatory matters, including dates for report submissions and updates on financial reporting and fuel adjustment mechanisms. Key topics include cybersecurity, financial reporting, and fuel cost adjustments.

Statements) Fuel Adjustment Mechanism Updated General NA Updated NA NA No new update Q1 2026 Maritime Link Benefits Report Introduced NA NA NA NA No new update Q1 2026 FAM Quarterly Introduced NA Updated NA NA No new update Q1/Q2 2026 Disp...

AI summary The text lists updates to regulatory mechanisms and reports, including the Fuel Adjustment Mechanism, Maritime Link Benefits Report, FAM Quarterly, and Dispatch Study Action Plan, with statuses like 'Introduced,' 'Updated,' and 'No new update' through Q1/Q2 2026. A cybersecurity update (Attachment 2, Page 4 of 6) is also noted.

Monthly Cybersecurity Update 7 Attachment 2 Page 3 of 5 Report 2 - Report 3 - Report 4 - Report 5 - Report 6 - Report 7 - Forecast Restoration of Normal Affected Regulatory Matters October 1 November 3 December 1 February 4 March 4 March 3...

AI summary The document outlines a cybersecurity update and references regulatory matters, including the Fuel Adjustment Mechanism under Rates-Related issues. Updates are tracked with dates, including a March 31, 2026, reference, though no specific claims or procedural details are discussed.

Cybersecurity Incident - Monthly Update 8 Attachment 2 Page 3 of 5 Report 2 - Report 3 - Report 4 - Report 5 - Report 6 - Report 7 - Report 8 - Forecast Restoration of Normal Affected Regulatory Matters October 1 November 3 December 1 Febr...

AI summary The document provides a monthly cybersecurity incident update, tracking the status of regulatory matters including the Fuel Adjustment Mechanism and Maritime Link Benefits Report. Updates are noted for specific reports with statuses like 'Introduced' and 'Updated,' alongside forecasted restoration timelines for affected activities.

The following projects experienced adjustments to their completion timeline. An overview of the changes and associated rationale is outlined below: Pillar Project Summary of Change Rationale NS – NB Reliability Intertie Project Introduced...

AI summary The document outlines project timeline adjustments, including the approval of the NS–NB Reliability Intertie Project by the NSEB and the filing of annual financial statements. It also references updates to affected regulatory matters and mentions the Fuel Adjustment Mechanism.

The following projects experienced adjustments to their completion timeline. An overview of the changes and associated rationale is outlined below: Pillar Project Summary of Change Rationale Fuel Adjustment Mechanism General NA Updated Upd...

AI summary Several projects have had their completion timelines adjusted. The Fuel Adjustment Mechanism was updated, and the Maritime Link Benefits Report was introduced. The Dispatch Study Action Plan Quarterly Update is scheduled to go live in July 2024, after which no further updates related to the Cybersecurity Incident will be needed.

The following projects experienced adjustments to their completion timeline. An overview of the changes and associated rationale is outlined below: Pillar Project Summary of Change Rationale Customer Billing Introduced NA Updated - Pulled...

AI summary The document outlines adjustments to project timelines, including billing operations returning to normal in March 2026 with late fees resuming in October 2026. The Capital and ACE Plan, CIS Replacement Project, and Fuel Adjustment Mechanism are mentioned with updates related to regulatory matters and project submissions.