N-52026-2027 GRA Appendix 1-6 - Redacted
131 passages
TABLE OF STANDARDIZED FILINGS AND ATTACHMENTS Attachment 1 – COS Procedures Attachment 1a – Cost of Service Methodology Attachment 1b – Determination of Revenue Responsibilities by Rate Class Attachment 1c – Fuel and Purchased Power Relate...
AI summary The document lists standardized filings and attachments for a regulatory proceeding, covering cost-of-service methodologies, revenue responsibilities, fuel costs, unmetered services pricing, OATT calculations, and distribution tariff computations for 2026-2027. Attachments include partially confidential data and rate component tables.
2026-2027 GRA Direct Evidence Appendix 1A Page 2 of 7 REDACTED (CONFIDENTIAL INFORMATION REMOVED) OP-01 NS Power / Emera Regulated Annual Reports Attachment 1 – NS Power 2024 Q3 MD&A Attachment 2 – NS Power 2024 Financial Statements Attach...
AI summary This document lists various attachments and evidence submitted as part of the 2026-2027 GRA Direct Evidence Appendix 1A. It includes financial reports, organizational charts, benchmarking studies, asset listings, maintenance schedules, fuel specifications, IPP contracts, reliability statistics, and presentations by analysts and bondholders.
Attachment 1w – Demand Side Management Cost Recovery Rider (DCRR) Attachment 2 – Tariffs Redline Attachment 2a – Domestic Service Tariff Attachment 2b – Domestic Service CPP Tariff Attachment 2c – Domestic Service TOU Tariff Attachment 2d...
AI summary This document lists various tariff attachments related to different service categories and cost recovery mechanisms, including the Demand Side Management Cost Recovery Rider (DCRR) and Fuel Adjustment Mechanism Tariff. It outlines the structure of tariffs for domestic, general, industrial, and municipal services, as well as storm and distribution cost recovery riders.
2. Storm Rider and Stakeholder Engagement The Board issued the following directive with respect to filing its application for a Storm Rider and the stakeholder engagement for agreement on the presentation of materials at para. 338 of the 2...
AI summary The Nova Scotia Energy Board (NSEB) directed NS Power to include detailed storm restoration, hardening, and vegetation management costs in each Storm Rider application during a three-year trial period. Stakeholder engagement was required to determine information presentation. NS Power filed its first Storm Rider Application in 2024 for 2023 costs and will not file for 2026 due to no Level 4 storms.
APPENDIX 5A 2026-2027 FUEL AND PURCHASED POWER
AI summary Appendix 5A outlines fuel and purchased power considerations for 2026-2027, referencing regulatory frameworks, cost recovery mechanisms, and energy management programs. It includes acronyms related to Nova Scotia's energy sector, such as DSM, FAM, and CRA, indicating focus areas like demand-side management, fuel adjustment, and compliance with environmental legislation.
TABLE OF FIGURES Figure 1 – Generation Fleet Capacity and Fuel Type 3 Figure 2 – 2025 Generation by Type 5 Figure 3 – 2026 Generation by Type 6 Figure 4 – 2027 Generation by Type 7 Figure 5 – 2024-2027 NS Power Fuel and Purchased Power Cos...
AI summary The document contains a table of figures related to generation fleet capacity, fuel types, and cost analysis for NS Power from 2024 to 2027, including emission allowance caps and forecasts for renewable energy compliance.
5 1.1.1 Solid Fuel 6 7 Although NS Power's reliance on thennal generation continues to decrease and the Nova Scotia 8 Government's legislated 1 goal to phase out coal-fired electricity generation by 2030, solid fuel 9 continues to comprise...
AI summary NS Power continues to rely on solid fuel despite decreasing thermal generation and the Nova Scotia Government's 2030 coal phase-out goal. Solid fuel remains a significant part of forecast requirements, with procurement from foreign suppliers and financial hedging strategies. Further details on procurement and hedging are outlined in Sections 1.2.2 and 1.4.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 10 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 As illustrated in Figure 5, the forecast cost of fuel increases from $83.69/MWh in 2024 GRA 2 Refresh to $90.03/MWh in 2025, bef...
AI summary The document outlines fuel cost forecasts for the 2026-2027 GRA period, noting fluctuations in costs and the impact of renewable energy projects. It highlights the role of the Maritime Link in enhancing grid reliability and supporting renewable energy targets, as well as the expected increase in wind generation from Independent Power Producers.
1 Figure 5 – 2024-2027 NS Power Fuel and Purchased Power Costs Per MWh 4 Figure 6 – 2026 BCF Component Cost Changes vs 2024 GRA Refresh 2 3 - 6 As shown above in Figure 6 , there is a total fuel cost decrease of $22 million in the 2026 GRA...
AI summary Figure 5 and Figure 6 illustrate NS Power's fuel and purchased power cost trends from 2024-2027, highlighting a $22 million decrease in 2026 BCF component costs compared to the 2024 GRA Refresh. This reduction is attributed to key cost drivers outlined in the analysis.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 12 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 1 Refresh is a $48.4 million decrease in imported power costs and a $21.8 million decrease in natural - 2 gas costs, primarily d...
AI summary The document discusses a projected decrease in total fuel costs by $5.7 million in the 2027 GRA forecast compared to 2026, primarily due to increased IPP Wind generation with favorable pricing compared to thermal generation.
REDACTED 2026-2027 GRA Direct Evidence Appendix SA Page 13 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED)
AI summary Redacted section of the 2026-2027 GRA Direct Evidence Appendix, focusing on regulatory proceedings related to rate applications and cost recovery mechanisms. Key terms include DSM, AA, and F&PP, though specific details are confidential.
1 Figure 8 - CONFIDENTIAL 2024-2027 Comparison of Cost of Fuel/MWh 4 Figure 9 - 2024 Breakdown of BCF by Fuel and Purchased Power Type
AI summary Confidential figures compare fuel costs from 2024-2027 and detail the 2024 breakdown of Base Cost of Fuel (BCF) by fuel type and purchased power. The analysis focuses on fuel cost trends and composition, critical for regulatory decision-making in Nova Scotia's energy sector.
1 Figure 10 - 2025 Breakdown of BCF by Fuel and Purchased Power Type REDACTED 2026-2027 GRA Direct Evidence Appendix SA Page 15 of 38
AI summary Figure 10 from the 2025 BCF breakdown by fuel and purchased power type is part of the 2026-2027 GRA Direct Evidence Appendix SA. It provides a visual representation of fuel cost allocation, contextualized within Nova Scotia's energy regulatory proceedings.
1 Figure 11 - 2026 Breakdown of BCF by Fuel and Purchased Power Type
AI summary The document references Figure 11, which provides the 2026 breakdown of Base Cost of Fuel (BCF) by fuel type and purchased power type. The specific data is not included in the text, as the figure is referenced but not displayed.
1 Figure 12 - 2027 Breakdown of BCF by Fuel and Purchased Power Type 2 3 4 The following sections provide details on NS Power's 2026-2027 foel requirements compared to 5 the 2024 GRA Refresh. All commodities purchased in USD have been conv...
AI summary NS Power's 2026-2027 fuel requirements are compared to the 2024 GRA Refresh, with USD commodities converted to CAD using a forecasted exchange rate. The methodology for deriving this rate is detailed in Section 1.2.11 of the Application.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 17 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 1 Hedging of solid fuel positions will be based on the Company's Fuel Hedging Plan referred to - 2 below in Section 1.4 and set...
AI summary NS Power's Fuel Hedging Plan for 2025-2027, detailed in Section 1.4 and Appendix OE-01J, outlines financial and physical hedging strategies for solid fuels. The plan builds on the 2020-2022 plan and uses PLEXOS software for optimizing fuel portfolios while meeting environmental targets. Financial hedges cover coal purchases for 2025-2027, with data in Confidential 13.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 19 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 1.2.3.2 Short-Term Contracts 2 3 The balance of NS Power's solid fuel requirements is purchased on a short-term basis. This 4 am...
AI summary NS Power purchases solid fuel on a short-term basis, with transportation handled via different port facilities. Fuel procurement depends on economic factors and delivery schedules, and NS Power has a five-year marine freight contract. Solid fuel is used at multiple generating facilities, with domestic coal preferred if available and competitive.
2 Confidential Figure 16 compares the forecast mix of solid fuels from the Company's 2025-2027 3 GRA to the mix in the 2024 BCF Compliance Filing. 2
AI summary Figure 16 compares the forecast mix of solid fuels from the Company's 2025-2027 GRA to the mix in the 2024 BCF Compliance Filing.
5 Figure 16 - CONFIDENTIAL 2021-2024 BCF Solid Fuel Mix (Percentage) Solid Fuel Type 2024 Actuals Low-Sulphur ( <1.1 % Sul hur Mid-Sulphur (<3.5% Sul hur Domestic et o e Total 7
AI summary Figure 16 presents a confidential breakdown of the Base Cost of Fuel (BCF) solid fuel mix percentages for 2021-2024, though the data is incomplete and appears to contain typographical errors and missing values.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 23 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 2 1.2.4.1 OBPS 3 4 Greenhouse Gas (GHG) emissions are also managed in accordance with the Output-Based 5 Pricing System Reportin...
AI summary The document discusses Nova Scotia Power's management of GHG emissions under the Output-Based Pricing System (OBPS) and provides forecasts for natural gas prices during the 2026-2027 GRA period. It outlines compliance obligations, performance credits, and the impact of natural gas pricing on costs.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 25 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 NS Power forecasts consuming barrels of HFO in 2026, and barrels in 2027, 2 compared to barrels forecast in the 2024 GRA Refresh...
AI summary The document outlines NS Power's forecasted consumption of Heavy Fuel Oil (HFO) and Light Fuel Oil (LFO) for 2026 and 2027, noting a decrease in both consumption and delivered unit prices compared to the 2024 GRA Refresh. No current contracts for HFO or LFO are in place, with RFPs to be issued as needed.
1 1.2.8 Renewable Energy 2 3 1.2.8.1 NS Power-Owned Renewables 4 5 The renewable energy generated by NS Power comes from hydro, wind, biomass and solar. The 6 level of hydro generation forecast for 2026-2027 is based on a 23-year rolling a...
AI summary NS Power's renewable energy includes hydro, wind, biomass, and solar. Hydro forecasts for 2026-2027 use a 23-year average (925 GWh), while wind forecasts use a 3-year average (224 GWh). The Port Hawkesbury Biomass Plant (PHB) supplies renewable energy and steam to Port Hawkesbury Paper (PHP), with biomass management practices aligned with FAM guidelines and a 2016 Board letter. Revision 14 of the Fuel Manual is in OE-01F.
- 14 The methodology used to forecast the price of impo1ts is described in Section 7.0 of the POA - 15 Appendix B. - 17 The pricing assumption used for Muskrat Falls smplus energy is - 18
AI summary The text references the methodology for forecasting import prices, as outlined in Section 7.0 of the POA, and mentions Appendix B. It also refers to the pricing assumption for Muskrat Falls surplus energy.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 32 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 As illustrated in Figure 24, the forecast volume of Muskrat Falls surplus energy in 2022, 2023 and 2 2024 into Nova Scotia throu...
AI summary The text discusses the forecasted surplus energy from Muskrat Falls entering Nova Scotia through the interconnection with New Brunswick due to transmission constraints, and the absence of exports during the 2026-2027 GRA period due to environmental constraints. It also outlines NS Power's use of forward contracts to hedge USD requirements for fuel, enhancing fuel cost stability for customers.
1 Figure 25 - 2026-2027 USD Hedge Summary (Confidential) Hedge Summary Table Year USDVolume ($ million) USD Hedged ($ million) % ofUSD Hedged Average FX Rate 2026 2027 2
AI summary Confidential table outlining 2026-2027 USD hedging strategy with columns for volume, hedged amounts, percentage hedged, and FX rates. No data populated in rows for 2026 or 2027.
3 1.2.12 Extra-Large Industrial Active Demand Control Customer and Impact on Fuel 4 Forecasting 5 - 6 NS Power perfo1med an analysis to dete1mine the total fuel and purchased power costs with the - 7 Extra Large Industrial Active Demand Co...
AI summary NS Power conducted an analysis estimating the impact of the Extra-Large Industrial Active Demand Control (ELIADC) load on fuel and purchased power costs, projecting $65.7 million in 2027. The analysis compared scenarios with and without ELIADC load inclusion.
18 1.4 HEDGING PLAN 19 20 Fuel costs are subject to a variety of risks including commodity market, volumetric, basis, and 21 counterparty risk. Reducing market exposure through physical and financial hedges enables the 22 Company to manage...
AI summary NS Power's Fuel Hedging Plan (FHP) was filed in 2016 under the Electricity Plan Implementation (2015) Act to manage fuel cost volatility through physical and financial hedging. The FHP was approved by the Board for the 2017-2019 Rate Stabilization Period.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 35 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 RSP progresses, the strategies and principles in the Plan could be validly applied to 2020 and 2 beyond assuming similar market...
AI summary NS Power's Fuel Hedging Plan (FHP) has effectively protected customers from commodity price increases since 2016. The plan aims to reduce F&PP cost volatility and prevent significant fuel-related deferrals. NS Power intends to continue using the same hedging approach as previous periods, despite no legislative requirement for UARB approval.
1 1.4.2 Hedging Principles 2 3 • Recognizing that not all risk can be removed from fuel costs, focus on reducing the overall 4 portfolio risk when it is economic to do so. 5 6 • While hedging increases the stability and predictability of f...
AI summary NS Power outlines a hedging strategy targeting 50-100% coverage of fuel costs, emphasizing dynamic rebalancing to optimize risk. 50% of forecast FAM costs are naturally hedged through renewable energy contracts, with the remaining exposed costs hedged at 50-100%, resulting in 75-100% total hedging. Hedging prioritizes stability over achieving absolute cost minimization.
17 1.4.3 Hedging Strategies 18 19 NS Power will employ a portfolio approach to hedging by evaluating the impact of each hedge in 20 terms of its expected reduction in overall portfolio risk using Value at Risk ("VaR") and volumetric 21 pos...
AI summary NS Power will use a portfolio approach to hedging, evaluating risk via Value at Risk (VaR) and volumetric positions. Hedges up to 100% of requirements will be pursued based on PLEXOS forecasts, with dynamic rebalancing as forecasts evolve. Foreign exchange risks from USD-denominated fuel purchases will be managed under the Currency Risk Management Policy.
REDACTED 2026-2027 GRA Direct Evidence Appendix 5A Page 37 of 38 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 1 Due to limited liquidity in certain markets, NS Power may enter into a hedge using underlying 2 products that are not the exact...
AI summary NS Power discusses using proxy hedging (e.g., Brent Oil) to manage HFO price risks due to limited liquidity, and employs fuel switching and storage to address intra-month volatility. These strategies are standard in energy markets with diverse physical products and limited financial instruments.
20 1.4.4 Hedging Mechanisms 21 22 This section provides a brief outline of some of the key hedging mechanisms expected to be used 23 during the current forecast period. It is not meant to be an exhaustive list, and other products or 24 mec...
AI summary NS Power will use a mix of physical and financial contracts for hedging during the forecast period, aligning with mechanisms in the approved Fuel Hedging Plan (FHP). Detailed descriptions are in the FHP included in OE-01J. Current mechanisms are consistent with the approved FHP.
1 1.4.4.1 Physical Contracts 2 - 3 By entering into fixed price contracts, NS Power agrees to pay a known price for a physical fuel - 4 or purchased power, thereby eliminating exposure to underlying commodity market prices. These - 5 contr...
AI summary NS Power uses fixed-price contracts for physical fuel or purchased power to lock in prices and avoid commodity market exposure. These contracts may have fixed volumes or volumetric optionality and are used when NS Power has confidence in fuel need or sufficient storage capacity.
11 1.4.4.2 Financial Contracts 12 13 Financial contracts primarily take the form of futures, forwards, and swaps. Generally, NS Power 14 is the buyer of these contracts which means it will be obligated to pay a fixed price known at the 15...
AI summary NS Power uses financial contracts (futures, forwards, swaps) to hedge fuel and purchased power costs, stabilizing expenses by offsetting price volatility. Contracts obligate NS Power to pay fixed prices in exchange for floating payments tied to market prices, reducing cost variability and enhancing predictability. Options and structured products may be used if economically viable and market conditions permit.
Appendix 6A FAM Framework
AI summary Appendix 6A discusses the Fuel Adjustment Mechanism (FAM) framework, a regulatory component for managing fuel cost fluctuations in energy pricing. It outlines methodologies for adjusting rates based on fuel expenses, ensuring alignment with operational costs and compliance with Nova Scotia's energy regulatory guidelines.
APPENDIX 6A FAM FRAMEWORK I FAM FRAMEWORK 3 1.1 FAM Plan of Administration 3 1.2 FAM Components 4 1 Base Cost of Fuel 2 Actual Adjustment (AA) Balance Adjustment (BA) AA/BA Reporting and Application Process Plan of Administration Documenta...
AI summary This document outlines the Fuel and Management (FAM) Framework, including the Plan of Administration, components such as Base Cost of Fuel and Actual Adjustment, and reporting processes. It is part of the 2026-2027 GRA Direct Evidence Appendix 6A, which contains redacted confidential information.
1 FAM FRAMEWORK The Fuel Adjustment Mechanism (FAM) is governed by the Plan of Administration (POA) which was introduced for the 2009 calendar year and which is periodically updated and approved by the NSEB. The FAM also uses the Cost of S...
AI summary The Fuel Adjustment Mechanism (FAM) is governed by the Plan of Administration (POA), introduced in 2009 and updated by the Nova Scotia Energy Board (NSEB). The FAM uses Cost of Service (COS) data to allocate fuel costs among customer classes.
1.1 FAM Plan of Administration The POA outlines the application and administration of the FAM. It includes descriptions of the base cost of fuel, adjustment components, calculation methodologies, audit provisions, and stakeholder review an...
AI summary The Fuel Adjustment Mechanism (FAM) Plan of Administration (POA) outlines procedures for resetting the Base Cost of Fuel (BCF) and adjusting rates. NS Power seeks approval for an updated POA as part of the 2026-2027 General Rate Application (GRA), including a new BCF. The current POA, approved by the Nova Scotia Energy Board (NSEB) in January 2024, allows BCF resets via GRA, legislation, or NSEB orders.
2026-2027 GRA Direct Evidence Appendix 6A Page 5 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) establishing customer fuel rates to recover or return the FAM deferral amount, and as noted in Section [1.3](#page-163-0) below, NS Power fi...
AI summary The document outlines the process for establishing customer fuel rates to recover or return the FAM deferral amount using 12 months of actual fuel data (October to September). The total deferral amount is divided by the upcoming year's sales forecast to determine the AA rate.
1.2.3 Balance Adjustment (BA) The BA represents the difference in the prior year between the actual fuel costs and the fuel-related revenue recovered from customers. As noted above, although the FAM AA calculation uses 12 months of actual...
AI summary The Balance Adjustment (BA) reconciles differences between actual fuel costs and recovered revenue, incorporating deferred Fuel Adjustment Mechanism (FAM) amounts and non-fuel revenue overrecoveries. BA rates are calculated using cumulative variances divided by forecast sales, with residual balances carried forward. The reporting process was updated in 2018 to use annual actual data, and the Plan of Administration (POA) is revised to include a Community Solar Energy Credit Rider.
2026-2027 GRA Direct Evidence Appendix 6A Page 7 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The last paragraph of the application stated: The on-bill credit related to the Community Solar Program, and other emerging customer renewab...
AI summary NS Power seeks approval for a Community Solar Energy Credit Rider and plans to revise the FAM POA to include on-bill credits from renewable programs as FAM costs. The NSUARB approved the rider, and the SWG had no comments on the POA revisions.
1.4.3 Addition of three categories of allowable fuel costs On May 8, 2023, NS Power submitted an application to the NSEB for approval of four additional 2 M11911, NS Power Communicty Solar Energy Credit Rider, NSEB Decision, February 12, 2...
AI summary NS Power submitted an application to the NSEB on May 8, 2023, seeking approval for four additional categories of allowable fuel costs. The application includes a reference to Matter M11911 and a NSEB decision dated February 12, 2025, related to a Community Solar Energy Credit Rider.
2026-2027 GRA Direct Evidence Appendix 6A Page 8 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) fuel costs to the POA. One was accepted, three were not. The Board stated in its decision - "Given the nature of the first three costs, the...
AI summary The Board accepted one fuel cost and rejected three others, with a possibility of reconsideration in the future with a GRA. The three rejected costs are outlined with their forecasted test period costs.
Nuttby Wind Farm - Premium/discount component of the maintenance contract – new section 3.2.18 The premiums and discounts related to the maintenance component of wind farm contracts of partially owned wind generators have been captured in...
AI summary NS Power proposes to include previously excluded maintenance contract premiums and discounts for wholly owned wind farms in the FAM, citing their alignment with allowable fuel costs. The proposed addition is section 3.2.18, with estimated annual costs of $800K in 2026 and $900K in 2027.
Inclusion of ash haulage costs for solid fuel (section 3.2.2) and heavy fuel oil (section 3.2.3) Ash haulage costs, under the current POA, are only associated with limestone (section 3.2.7) but other plants that consume solid fuel and heav...
AI summary NS Power is requesting approval to include ash haulage costs for solid fuel and heavy fuel oil in the Fuel Adjustment Mechanism (FAM), citing that these costs are allowable under section 3.2.7 and fit the description of allowable fuel costs. The proposed addition would apply to sections 3.2.2 and 3.2.3, with an estimated annual cost of $1.7M for 2026 and 2027.
Inclusion of Tufts Cove wharf / buoy chain inspection and maintenance costs (section 3.2.3) Operating and maintenance costs related to the Point Tupper Marine Terminal (PTMT) are specified for inclusion in the FAM (section 3.2.2), however,...
AI summary NS Power seeks to include Tufts Cove wharf/buoy maintenance costs in the Fuel Adjustment Mechanism (FAM), arguing they are necessary for safe fuel handling, similar to Point Tupper Marine Terminal (PTMT) costs already included. The request highlights the operational necessity despite the smaller scale of Tufts Cove.
2026-2027 GRA Direct Evidence Appendix 6A Page 9 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) since these costs are allowable costs in section 3.2.2 and the cost fits the description of allowable fuel costs specified in section 3.2, A...
AI summary NS Power argues that Tufts Cove wharf / buoy chain inspection and maintenance costs should be included as allowable fuel costs under section 3.2.2, proposing specific language be added to section 3.2.3. The annual costs are forecasted to be $56K in 2026 and $57K in 2027.
1.4.4 Removal of Appendix D "FAM Regulatory Calendar" NS Power is requesting that the NSEB agree to remove the requirement to include a calendar in the POA. Appendix D, when drafted, includes dates and processes that are unknown at the tim...
AI summary NS Power requests the NSEB to remove Appendix D from the POA, arguing it contains unreliable dates and processes for FAM-related activities. Known timelines (e.g., reporting) are in section 4.0, while Hearing Orders specify dates for audits and proceedings. NS Power asserts Hearing Orders are the accurate resource for stakeholders.
1.4.5 Cost of Service Updates NS Power undertook stakeholder engagement throughout 2024 around its Cost of Service. In Appendix 13A NS Power has proposed changes to its COS, including changes to the COS for FAM. NS Power has updated the FA...
AI summary NS Power engaged stakeholders in 2024 on its Cost of Service (COS) updates, proposing changes to the Fuel Adjustment Mechanism (FAM) COS and updating the FAM POA in Appendix 13A, Section 3.
2026-2027 GRA Direct Evidence Appendix 6A Page 10 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) recognition of retail suppliers; - Updates to section 3.2.17 to recognize the current emissions reduction program in NS (deleted references...
AI summary NS Power seeks approval for proposed changes to the Program of Adjustment (POA), including updates to emissions reduction program references, deletion of obsolete sections, and addition of a template for wind curtailment data reporting in response to a 2022-2023 FAM Audit Recommendation.
Fuel Adjustment Mechanism Plan of Administration in Effect for 2026-2027 May 28, 2025
AI summary This document outlines the Fuel Adjustment Mechanism (FAM) plan effective for 2026-2027, part of a Nova Scotia regulatory proceeding. It details the administration of fuel cost adjustments, aligning with climate goals and energy regulations.
NS Power FUEL ADJUSTMENT MECHANISM PLAN OF ADMINISTRATION IN EFFECT FOR 2026-2027
AI summary NS Power's Fuel Adjustment Mechanism Plan of Administration for 2026-2027 outlines the framework for managing fuel costs and related adjustments. The plan is subject to regulatory oversight by the Nova Scotia Energy Board (NSEB) and involves mechanisms like the DSM Cost Recovery Rider (DCRR) and General Rate Application (GRA).
1.0 GENERAL DESCRIPTION This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (as of April 1, 2025 referred to...
AI summary The document outlines Nova Scotia Power Inc.'s Fuel Adjustment Mechanism (FAM), approved by the Nova Scotia Energy Board (NSEB), which recovers fuel costs from customers. The Base Cost of Fuel is reset every two years via General Rate Applications (GRA) or Board orders, with stakeholder input and audits ensuring transparency. The FAM adjusts rates based on actual vs. base fuel costs.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 4 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Interest will be added to all over/under-balance amounts and calculated at NS Power's Annual Weighted Average Cost of Capital (WACC)...
AI summary Interest is applied to over/under-balance amounts using NS Power's WACC. The Fuel Adjustment Mechanism (FAM) recovers fuel cost changes via Actual Adjustment (AA) and Balancing Adjustment (BA) for each rate class, calculated as the difference between actual fuel costs and Base Cost of Fuel (BCF) on a ¢/kWh basis.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) establishes annual adjustments (January 1–December 31) to recover fuel and purchased power costs. Adjustments are calculated yearly and consist of two components for cost recovery.
1. The Actual Adjustment Component (AA) a. Established at a rate expected to recover the amount of the difference between the prior FAM year's actual fuel and purchased power costs and those recovered through the Base Cost of Fuel Componen...
AI summary The Actual Adjustment Component (AA) is established to recover discrepancies between prior year's actual fuel and purchased power costs and amounts recovered via the Base Cost of Fuel Component. It covers 12 months: September of the prior year and October-December of the year before, aligning with Fuel Adjustment Mechanism (FAM) calculations.
2. The Balancing Adjustment Component (BA) - a. The Balancing Adjustment Component will provide for a correction to ensure that over/under-recovery produced by the Actual Adjustment Component is tracked and refunded to or recovered from cu...
AI summary The Balancing Adjustment Component (BA) ensures correction of over/under-recovery from the Actual Adjustment Component by refunding or recovering funds from customers. It may also defer fuel and purchased power costs under specific Board approval, including those from FAM adoption or future decisions.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary NS Power's Fuel Adjustment Mechanism (FAM) uses an annual formula combining Actual Adjustment (AA) and Balance Adjustment (BA) to reconcile fuel costs. AA reflects over/under recovery of Base Cost of Fuel (BCF) at specific dates, with October-December adjustments deferred. BA manages prior adjustments and deferred costs approved by the Board.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 7 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The BA rate is calculated for the following year (year 2) on the basis of the overor under-recovery of the Actual Adjustment and Bal...
AI summary The document outlines the calculation methodology for Balance Adjustment (BA) and Actual Adjustment (AA) rates, referencing Appendix A for FAM calculations and the FAM Tariff in Appendix D. Fuel-related costs are allocated to specific customer classes using test year principles, with a focus on non-FAM and ATL classes.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 8 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Wholesale Market Backup/Top-up Service Tariff (BUTU). - 2. For ATL and BUTU classes the following costs and credits - a. NS Power's...
AI summary The document outlines cost allocation methodologies for Wholesale Market Backup/Top-up Service Tariff (BUTU) and Above-the-Line (ATL) classes, including fuel costs, biofuel expenses, import costs, and export credits. Fuel costs are allocated based on energy contribution, while demand-related costs use load factors and peak contributions. Scaling via revenue-to-cost ratios ensures alignment with approved rates.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 9 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) relative share of the total fuel costs. - 6. The interest amount on the over- or under-recovery of fuel costs is apportioned to the...
AI summary The document outlines the methodology for apportioning interest on fuel cost variances to rate classes annually, distinguishing between over/under recovery scenarios. It details the calculation of the Actual Adjustment (AA) component for the Fuel Adjustment Mechanism (FAM), using forecast energy sales to determine credits or charges applied to customer bills for the subsequent year.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 10 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026 will be used to determine the AA charge or credit for 2027. The Balance Adjustment (BA) component of the FAM will be set to re...
AI summary The text outlines that 2026 data will determine the Actual Adjustment (AA) charge or credit for 2027. The Balance Adjustment (BA) component of the Fuel Adjustment Mechanism (FAM) recovers or refunds under/over-recovery from prior adjustments, including sales volume variances, Base Cost of Fuel (BCF) discrepancies, and interest. Other fuel-related factors require Board approval.
3.1 Treatment of load migrating between FAM/non-FAM classes When a customer transitions some or all of its load between FAM- and non-FAM classes, NS Power shall treat the customer's migrating load in accordance with Special Condition 3 of...
AI summary When customers migrate load between FAM- and non-FAM classes, NS Power must apply Special Condition 3 of the FAM Tariff. This establishes the methodology for handling load shifts between these classes under the regulatory framework.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary The section outlines allowable fuel and purchased-power costs recoverable via the FAM, including normal expenses and discrepancies supported by evidence. Exceptional costs are reviewed by the Small Working Group. NS Power acknowledges audit and NSEB approval requirements.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary The section outlines various cost components related to natural gas, including consumption, hedging financial instruments, pipeline fees, storage costs, and GHG emission compliance program expenses.
Costs of this type are normally recorded in the following accounts in NS Power's Chart of Accounts: 502050 REG FUEL GAS CONSUMED 502160 REG FUEL GAS SOLD 502100 REG FUEL GAS CONSUMED FX 502200 REG NATURAL GAS PIPELINE TOLL 502150 REG FUEL...
AI summary The text outlines the specific accounts in NS Power's Chart of Accounts where certain fuel gas-related costs are recorded, including consumption, sales, derivatives, and pipeline tolls. It is part of a larger document, likely related to regulatory filings or financial reporting.
• Inventoried costs - o Commodity Costs Coal, Petroleum Coke - o Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - o Third-party Quality Testing and Sampling - o Transportation Costs (e.g. by rai...
AI summary The text outlines inventoried costs including commodity costs (coal, petroleum coke), financial hedging instruments, third-party quality testing, and transportation expenses. Transportation costs encompass loading, unloading, port fees, and marine services. The categorization focuses on detailed cost components related to fuel and logistics.
• Costs directly applied: - o Third Party Fuel Handling, Transportation (e.g movement between Long Term Dead Storage/Bear head and plants) and Maintenance related to Coal Piles - o Storage fees (e.g. lease, handling fees, facility fees) -...
AI summary The text lists direct costs associated with coal operations, including fuel handling, storage, environmental compliance, rail car maintenance, international pier operations, and ash hauling. These costs are categorized under operational and compliance expenses related to coal management and transportation.
• Costs expensed through the Plant Fuel Handling Adjustment: o At each thermal coal unit a demarcation point has been defined as the reclaim hoppers. Any solid fuel handling and transportation expenses up until the point of the reclaim hop...
AI summary The document defines the demarcation point for fuel handling costs at thermal coal units as the reclaim hoppers. Expenses related to solid fuel handling and transportation up to this point are classified as Fuel Adjustment Mechanism (FAM) expenses, encompassing specific cost items.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 13 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - NS Power labour and associated costs for Equipment Operators, Mechanics, Supervisors related to fuel handling and Lab Techs relat...
AI summary The document outlines various operational and maintenance costs related to fuel handling and inventory management for NS Power, including labor, equipment, testing, and infrastructure repair costs. It also references the accounts used to record these costs in NS Power's Chart of Accounts.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document contains a list of regulatory codes related to fuel coal consumption, including categories such as imported, domestic, and petcoke, as well as entries related to fuel coal consumed for testing and foreign exchange. The section on Heavy Fuel Oil is mentioned but not elaborated upon.
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary This section outlines costs related to Light Fuel Oil (LFO) including transportation, quality testing, inventory measurement, and GHG compliance. These costs are recorded in specific accounts within NS Power's Chart of Accounts, such as 502550 REG FUEL LIGHT OIL CONSUMED.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc. - Transportation Costs
AI summary This section discusses fuel additives such as Ultramag and FireShield, as well as transportation costs related to fuel.
3.2.7 Fuel – Limestone - Limestone and related transportation - Limestone Ash Hauling and Equipment Rentals - Limestone Royalties - Water Royalties Costs of this type are normally recorded in the following account in NS Power's Chart of Ac...
AI summary The section outlines four cost categories related to limestone and water royalties, including transportation, ash hauling, equipment rentals, and royalties. These costs are recorded in NS Power's Chart of Accounts under account 502650, designated for 'REG FUEL LIMESTONE CONSUMED'.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 17 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 502800 REG PURCHASED POWER COMMODITY DERIVATIVES 502850 REG PURCHASED POWER IPP PRE 2001 502950 REG PURCHASED POWER COMFIT SMALL 50...
AI summary The document lists various categories of purchased power and discusses fuel biomass, indicating regulatory categorization of power sources and fuel types within the 2026-2027 GRA Direct Evidence Appendix 6B.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The section outlines costs related to mercury sorbent, including additives like PAC and Calcium Chloride, transportation expenses, and a mercury diversion program approved under the Air Quality Regulations. These costs are recorded in specific accounts in NS Power's Chart of Accounts.
3.2.13 Miscellaneous Revenue and Recoveries Revenues from joint partnerships in wind farms (including the cost of NS Power's ownership which is applied to purchased power) and any other fuel-related miscellaneous revenues. These revenues i...
AI summary The section discusses miscellaneous revenues from joint wind farm partnerships involving NS Power, including the cost of ownership applied to purchased power, as well as steam sales to Port Hawkesbury Paper and at the Trenton Generating station.
417300 REG GRID SALES REVENUE 503200 REG NATURAL GAS REVENUE 503250 REG NATURAL GAS REVENUE FX 503300 REG WIND RECEIVABLES PURCHASED POWER 503350 REG WIND RECEIVABLES FUEL FOR GENERATION 535850 MISC REVENUE These revenues will offset FAM-e...
AI summary The document outlines several revenue categories, including REG GRID SALES REVENUE, REG NATURAL GAS REVENUE, and REG WIND RECEIVABLES PURCHASED POWER, which are intended to offset FAM-eligible fuel and purchased-power costs.
3.2.16 BTL Costs - Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff - Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the W...
AI summary The section outlines two components of BTL costs: spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff and net fuel costs under the Wholesale Market Backup/Top-up Service tariff, adjusted for revenue and non-fuel items.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary The Base Cost of Fuel (BCF) recovered via the Fuel Adjustment Mechanism (FAM) includes allowable fuel and purchased power expenses, reduced by revenues from exported power, as outlined in section 3.1.
Annual Filing Requirements for Fuel Adjustment Rider For the years 2026 and 2027 NS Power will submit as required a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of general system requirements a...
AI summary NS Power is required to submit Fuel Adjustment Mechanism Formula filings for 2026 and 2027, including forecasts of general system requirements and proposed calculations for the Fuel Adjustment Mechanism Formula. These filings pertain to Actual Adjustment (AA) and Balance Adjustment (BA) components.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual filings for Base Cost of Fuel forecasts using standardized templates from Appendix B and C. The Board considers stakeholder input and approved methodologies, with quarterly and monthly reporting requirements. Changes to templates require Board approval.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) is subject to periodic audits to ensure accuracy and prudent cost recovery. Audit results may influence future hearings for adjusting Base Cost of Fuel, Fuel Adjustment Factor, or General Rate Cases, with potential adjustments by the Board.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2026-2027 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The Board will conduct a Fuel Adjustment Mechanism (FAM) audit during the 2026-2027 General Rate Application (GRA) period, engaging an independent firm to review NS Power's fuel procurement and recovery. The audit covers financial and management aspects, including the FAM formula, actual fuel costs, contracts, and performance from January to December of each audit year, typically spanning two years.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The FAM audit aims to review NS Power's fuel and energy procurement, management, and production practices, including affiliate transactions, ensuring adherence to good utility practices and policies outlined in the NS Power Fuel Manual.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 25 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Scope of the Audit will include a review of fuel and energy procurement, fuel management, and generation production to determin...
AI summary The audit scope includes reviewing NS Power's fuel and energy procurement, management, and generation production for compliance with the Fuel Manual, covering areas like fuel costs, operational availability, contracts, hedging, and system sales. The auditor will meet with stakeholders before finalizing the scope.
Significant FAM Changes Where, in the absence of a General Rate Application, an increase for any customer class of more than 10 percent compared with the rate payable in the prior year is caused by the application of the FAM procedures, th...
AI summary The document states that if the Fuel Adjustment Mechanism (FAM) causes a customer class rate increase exceeding 10% annually without a General Rate Application (GRA), the Board should implement measures to assist affected customers.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 27 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Board will monitor the operation of the FAM closely and reservesthe right to intervene in any circumstance where it believes an...
AI summary The Nova Scotia Energy Board will monitor the Fuel Adjustment Mechanism (FAM) and retain authority to intervene if rate increases for customer classes are deemed unacceptable or against public interest, potentially deferring portions of increases to future periods.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary The document outlines stakeholder access to NS Power's non-confidential and confidential fuel cost reports, including requirements for confidentiality agreements. It details procedures for reviewing and challenging fuel cost methodologies, forecasts, and adjustments (AA/BA) during hearings. Definitions for key terms like Base Cost of Fuel (BCF), Actual Adjustment (AA), and Balance Adjustment (BA) are provided, along with access protocols for electronic data and reports.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 30 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Base Cost of Fuel Component – BCF: is the Base Cost of Fuel per kWh (¢/kWh) included in NS Power's rates. Business Day: is any day...
AI summary Defines terms related to Nova Scotia Power's rate structures, including Base Cost of Fuel (BCF), compliance filings, export sales, and fuel cost recovery mechanisms. Highlights the calculation of fuel costs recovered through BCF and the components of General Rate Applications.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 31 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) GRA Period refers to the period beginning January 1, 2026 and ending December 31, 2027 or to such time as determined by the NSEB. G...
AI summary The document defines key terms related to the 2026-2027 GRA, including GRLF revenue, administration costs, and financial adjustments like AA and BA. It references NSPEMI, a subsidiary of NS Power, and outlines mechanisms for fuel cost recovery and balance adjustments over the GRA period.
2026-2027 GRA Direct Evidence Appendix 6B (Clean) Page 33 of 33 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Inc. NS SPI (FAM) A-15 Annual FAM Reporting C ONFIDENTIAL Year 20XX Summary of Wind Curtailments Properties Janua...
AI summary This document provides a summary of wind curtailments for Nova Scotia Power Inc. (NSPI) and non-NSPI wind generation for the year 20XX, including curtailment percentages and specific wind sites such as South Canoe, Point Tupper, and Sable.
Fuel Adjustment Mechanism Plan of Administration in Effect for 20232026- 20242027 May 8XXXXXApril 25May 28, 20232025
AI summary The Fuel Adjustment Mechanism (FAM) Plan of Administration outlines the regulatory framework for fuel cost adjustments between 2023-2026 and 2024-2027. It governs how fuel costs are managed and passed on to consumers during the specified periods.
NS Power FUEL ADJUSTMENT MECHANISM PLAN OF ADMINISTRATION IN EFFECT FOR 2023- 20242026-2027 May 8,XXXXX 20232025
AI summary NS Power's Fuel Adjustment Mechanism (FAM) plan of administration is effective from 2023 to 2027, outlining procedures for fuel cost adjustments. The document includes dates spanning 2023-2024 and 2026-2027, though specific details about the mechanism's parameters or regulatory approvals are not provided in the text.
1.0 GENERAL DESCRIPTION This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (as of April 1, 2025 referred to...
AI summary The document outlines NS Power's Fuel Adjustment Mechanism (FAM) plan, approved by the Nova Scotia Energy Board (NSEB). It details how the Base Cost of Fuel is calculated, reset via General Rate Applications (GRA), and adjusted for under-recovery balances. Stakeholders may challenge methodology and forecasts, with the Board conducting audits. Rates are adjusted based on the Cost of Service Study (COSS).
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 4 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The FAM will pass through the difference between actual costs and the Base Cost of Fuel to customers calculated on a ¢/kWh basis....
AI summary The Fuel Adjustment Mechanism (FAM) will pass through fuel cost differences between actual costs and the Base Cost of Fuel (BCF) to customers on a ¢/kWh basis. Interest on over/under-balances will be calculated using NS Power's Annual Weighted Average Cost of Capital (WACC). Adjustments include Actual Adjustment (AA) and Balancing Adjustment (BA) per rate class.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) establishes annual periods (January 1–December 31) for calculating adjustments to recover fuel and purchased power costs. Adjustments are determined yearly to reflect over/under recovery, with two components designed to ensure cost recovery.
1. The Actual Adjustment Component (AA) a. Established at a rate expected to recover the amount of the difference between the prior FAM year's actual fuel and purchased power costs and those recovered through the Base Cost of Fuel Componen...
AI summary The Actual Adjustment Component (AA) is established to recover discrepancies between prior year's actual fuel and purchased power costs and amounts recovered via the Base Cost of Fuel Component. It covers 12 months: September of the prior year and October-December of the year before, aligning with Fuel Adjustment Mechanism (FAM) calculations.
2. The Balancing Adjustment Component (BA) - a. The Balancing Adjustment Component will provide for a correction to ensure that over/under-recovery produced by the Actual Adjustment Component is tracked and refunded to or recovered from cu...
AI summary The Balancing Adjustment Component (BA) corrects over/under-recovery from the Actual Adjustment Component (AA) and may defer fuel/purchased power costs with Board approval. The Fuel Adjustment Mechanism (FAM) includes AA and BA, with AA calculated annually based on fuel cost differences and BA managing prior adjustments and deferred costs.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 7 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The BA rate is calculated for the following year (year 2) on the basis of the overor under-recovery of the Actual Adjustment and B...
AI summary The document outlines the methodology for calculating Balancing Adjustment (BA) and Actual Adjustment (AA) rates for the 2026-2027 General Rate Application (GRA). It references Appendix A for sample Fuel Adjustment Mechanism (FAM) calculations and emphasizes fuel cost allocation across bundled and unbundled service classes, including Generation Replacement and Load Following (GRLF), Extra-Large Industrial Active Demand Control (ELIADC), and tariffs like Open Access Transmission Tariff (OATT).
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 8 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - d. All remaining fuel-related costs will be allocated to ATL classes and the Wholesale Market Backup/Top-up Service Tariff (BUTU...
AI summary The document outlines fuel cost allocation rules for ATL classes and BUTU, specifying 100% energy-related classification for certain costs. It details segregation of in-province purchased power from wind and biomass into energy/demand categories, using load factors and concurrent generation practices. Avoidable fuel costs apply to Wholesale Market Non-Dispatchable Supplier Spill Tariff and BUTU.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 10 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) e. Maritime Link imports under Nova Scotia Block will be classified to energy and demand on the basis of the system load factor a...
AI summary The document outlines methods for classifying and allocating costs related to Maritime Link imports, non-firm imports, and biomass generation. It specifies allocations based on system load factors, coincident contribution to system peaks, and energy requirements, with adjustments using revenue-to-cost ratios to align fuel costs with rate revenues.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 11 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) following approach: - a. In a year where the interest amount owed to customers by NS Power at the end of September coincides with...
AI summary NS Power outlines methods for apportioning interest expenses/credits tied to fuel cost variances and explains how the Fuel Adjustment Mechanism (FAM) calculates Actual Adjustment (AA) and Balance Adjustment (BA) components. Interest is allocated based on fuel cost variance shares, while AA/BA charges are determined using forecast energy sales and BCF variances.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 12 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) refund any under or over-recovery due to prior adjustments. These adjustments may include variances in actual and forecasted sale...
AI summary The document outlines mechanisms for refunding under/over-recoveries from prior adjustments, including variances in sales volumes, BCF amounts, and interest. The BA component may include fuel-related factors requiring Board approval, with 2024 BA under-recoveries deferred from the 2020-2022 Fuel Stability Plan included in the balance.
3.1 Treatment of load migrating tobetween FAM/non-FAM classes When a customer transitions some or all of its load from abetween FAM-class to and non-FAM classes, NS Power shall treatdetermine the customer's outstanding fuel cost imbalance...
AI summary When customers migrate load between FAM and non-FAM classes, NS Power must calculate fuel cost imbalances using Special Condition 3 of the FAM Tariff. Adjustments are based on UARB decisions in subsequent proceedings and require UARB approval. Payment terms for imbalances must be agreed upon by NS Power and the customer, with carrying costs applied if unresolved.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary The POA outlines a framework for allowable fuel and purchased-power costs recoverable via the FAM, including allowable expenses minus revenues from exports and other sales.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 13 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Allowable fuel expenses will include normal, recurring, non-capital expenses that have been prudently incurred. Discrepancies bet...
AI summary The document outlines allowable fuel expenses, including normal, recurring, non-capital expenses and discrepancies supported by surveys. Exceptional costs are reviewed by the Small Working Group. NS Power acknowledges audit and approval by the Nova Scotia Energy Board (NSEB).
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary The section outlines various costs associated with natural gas, including consumption, hedging financial instruments, pipeline fees, storage costs, and GHG emission compliance program expenses.
Inventoried costs - o Commodity Costs Coal, Petroleum Coke - o Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - o Third-party Quality Testing and Sampling - o Transportation Costs (e.g. by rail,...
AI summary The document outlines inventoried costs including commodity costs (coal, petroleum coke), financial hedging instruments, third-party quality testing, and transportation expenses (rail, barge, etc.). Subcategories of transportation costs include loading, unloading, port fees, and marine services.
Costs expensed through the Plant Fuel Handling Adjustment: o At each thermal coal unit a demarcation point has been defined as the reclaim hoppers. Any solid fuel handling and transportation expenses up until the point of the reclaim hoppe...
AI summary The document defines the demarcation point for solid fuel handling costs at thermal coal units as the reclaim hoppers. Expenses up to this point, including fuel handling and transportation, are classified as FAM expenses.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 15 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - NS Power labour and associated costs for Equipment Operators, Mechanics, Supervisors related to fuel handling and Lab Techs rel...
AI summary The document outlines various costs related to fuel handling and inventory management, including labor, measurement, materials, repair, and heavy equipment operating costs. These costs are categorized under solid fuel and are recorded in specific accounts within NS Power's Chart of Accounts.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document contains a list of regulatory codes related to fuel coal consumption, including domestic, imported, and other sources, as well as fuel testing and foreign exchange considerations. It also introduces a section on heavy fuel oil.
504450 REG GRID SALES FUEL DIESEL
AI summary This document pertains to a Nova Scotia regulatory proceeding (504450) concerning grid sales of diesel fuel. The context includes numerous acronyms related to energy regulation, cost recovery mechanisms, and infrastructure management. Key entities involve Nova Scotia Power Energy Marketing Inc. (NSPEMI) and the Nova Scotia Energy Board (NSEB).
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary The text outlines costs associated with Light Fuel Oil (LFO) including commodity consumption, transportation, quality testing, inventory measurement, and GHG emission compliance. These costs are recorded in NS Power's Chart of Accounts under code 502550.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc. - Transportation Costs
AI summary The section discusses fuel additives such as Ultramag and FireShield, along with transportation costs related to fuel.
3.2.7 Fuel – Limestone - Limestone and related transportation - Limestone Ash Hauling and Equipment Rentals - Limestone Royalties - Water Royalties Costs of this type are normally recorded in the following account in NS Power's Chart of Ac...
AI summary The section outlines costs related to limestone, including transportation, ash hauling, equipment rentals, and royalties. These costs are recorded under account 502650 in NS Power's Chart of Accounts.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 19 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 502800 REG PURCHASED POWER COMMODITY DERIVATIVES 502850 REG PURCHASED POWER IPP PRE 2001 502950 REG PURCHASED POWER COMFIT SMALL...
AI summary The document contains a list of regulatory purchased power commodity derivatives and categories related to fuel biomass. It includes various classifications of purchased power and references to fuel adjustment mechanisms and biomass-related costs.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The section outlines costs related to mercury (Hg) sorbent, including additives like Powder Activated Carbon (PAC) and Calcium Chloride, transportation expenses, and a mercury diversion program approved under Nova Scotia's Air Quality Regulations (N.S. Reg. 28/2005). These costs are recorded in specific accounts within NS Power's Chart of Accounts.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary NS Power's Fuel Accounts are adjusted for foreign currency-denominated expenses and revenues, including gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing Page 21 of 33 These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g.,...
AI summary The document outlines costs associated with limited-duration fuel testing, including shipping, handling, and third-party analysis for solid, liquid fuels, and additives like PAC. These costs are restricted to non-capital expenses and must be separately identified in regulatory proceedings.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary The Base Cost of Fuel (BCF) recovered through the Fuel Adjustment Mechanism (FAM) includes allowable fuel and purchased power expenses, adjusted by subtracting revenues from exported power, as outlined in section 3.1.
3.4 Deferrals During the 2023-20242026-2027 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional interest charges which would acc...
AI summary NS Power may include prior Fuel Adjustment Mechanism (FAM) deferrals for Large General, Medium Industrial, and Large Industrial rate classes during the 2023-2024 to 2026-2027 General Rate Application (GRA) period to avoid additional interest charges by deferring amounts until the end of the period.
Annual Filing Requirements for Fuel Adjustment Rider In For the years 2023 2026 and 2024 2027 NS Power will submit as required by Appendix "D" a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of...
AI summary Nova Scotia Power must submit Fuel Adjustment Mechanism Formula filings for Actual Adjustment (AA) and Balance Adjustment (BA) from 2023 to 2027, including forecasts of general system requirements and proposed calculations.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual, quarterly, and monthly filings using standardized templates for Base Cost of Fuel forecasts, with stakeholder input required for revisions. The Board considers fuel forecasts and stakeholder comments when setting annual rates. Templates are approved by the Board's May 15, 2007 order.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) charges are subject to periodic audits to ensure accuracy and prudence in fuel and purchased power costs. Audit results influence future Board hearings for adjusting Base Cost of Fuel or Fuel Adjustment Factor, or initiating a General Rate Case. The Board may adjust existing balances or recovered amounts, including interest, based on audit findings.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2023-20242026-2027 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The aud...
AI summary The Board mandates an audit of Nova Scotia Power's Fuel Adjustment Mechanism (FAM) during the 2023-2024 and 2026-2027 General Rate Application (GRA) periods. A qualified independent firm will assess financial and management aspects of fuel procurement and recovery under the FAM, covering two-year audit cycles from January 1 to December 31 of each year.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The FAM audit will examine NS Power's fuel and energy procurement, management, and production functions, including affiliate transactions. It will assess adherence to good utility practices and compliance with NS Power's Fuel Manual policies.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 27 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Scope of the Audit will include a review of fuel and energy procurement, fuel management, and generation production to determ...
AI summary The audit scope covers NS Power's fuel procurement, management, and generation practices, compliance with the Fuel Manual, and FAM adjustments. Audits commence biennially, with confidentiality protocols for final reports. Significant FAM-driven rate increases over 10% may require Board intervention to assist customers.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 29 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Board will monitor the operation of the FAM closely and reserves the right to intervene in any circumstance where it believes...
AI summary The Nova Scotia Energy Board (NSEB) will monitor the Fuel Adjustment Mechanism (FAM) and retain authority to intervene if customer class rate increases are deemed unacceptable or against public interest, potentially deferring portions of increases to future periods.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary The document outlines stakeholder access to non-confidential and confidential reports, including monthly, quarterly, and annual data. Confidential information requires a Confidentiality Agreement. Stakeholders may challenge NS Power's fuel costs, methodology, and forecasts during hearings, with support documentation provided for the Base Cost of Fuel forecast. Appendix C and D detail reporting templates and the FAM process calendar.
2026-2027 GRA Direct Evidence Appendix 6B (Redline) Page 33 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 20242026-2027 GRA Period refers to the period beginning January 1, 20236 and ending December 31, 20247 or to such time as determi...
AI summary The document outlines the 2026-2027 GRA period, defining terms like GRLF Revenue, Net Generation by Fuel Type, and NSPEMI. It discusses over/under-recovery of fuel costs and balance adjustments for prior years, impacting customer refunds or recoveries.
N-92026-2027 GRA Appendix 12 A-C - Cost of Service Study Process - Redacted
69 passages
Cost of Service Study Redacted 1 coal-fired generation. In addition to this, NS Power's current approach to generation classification 2 is complex. If a version of the current approach was maintained as new types of renewable 3 generation...
AI summary The document discusses NS Power's current approach to classifying generation assets in the Cost of Service Study (COSS), highlighting its complexity and potential for inconsistency. It proposes adopting the Service Life Factor (SLF) method to streamline the COSS while maintaining its validity. The SLF method is used by other utilities and provides a way to allocate demand and energy costs across the generation fleet.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 1 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Exhibit Reference Cells Modification BCF other municipalities Allocation BCF File – Rows 57, 72, 86, Update calculation to include Month...
AI summary The document details modifications to the BCF File and related exhibits, including updates to calculations and data characteristics for municipal customers, as well as removal of OATT costs/revenues from input data. These changes aim to improve the accuracy and inclusiveness of the data used in the GRA process.
3 Notes on COSS Model Runs: - 4 All changes to the model cells are denoted with orange highlighting. - 5 Model runs 1, 2, 4, 10a, 10b, 10c, 10d, 11, 14a, and 14b require updates to the Base Cost Fuel - 6 ("BCF") file that is an input into...
AI summary The document outlines changes to the COSS model runs, highlighting the need to update the Base Cost Fuel (BCF) file. Revisions to the BCF file cause minor cost allocation mismatches between ATL and BTL classes, which are corrected by adjusting the BTL Profit/Loss figure.
CONFIDENTIAL 1 from Ellershouse and top-up energy under the BUTU Tariff. Antigonish and Riverport loads (again 2 net of Ellershouse) is included in distribution primary. 3 4 COSS Model Run #12a, Basic Customer Method (all Demand): 5 Distri...
AI summary The text discusses changes in the COSS model runs related to distribution cost classifications and updated fuel costs. In Model Run #12a, distribution costs are reclassified between demand and customer, with specific adjustments for secondary pole and transformer costs. Model Run #12b further adjusts classifications based on the distribution system load factor. Model Runs #14a and #14b incorporate updated fuel costs from the 2023-2024 GRA proceeding, with adjustments made to reflect original forecast volumes.
Nova Scotia Power Fuel and Purchased Power Related COS Methodology January 2022 Forecast fuel costs for each test year are first apportioned to above-the-line (ATL) and below-the-line (BTL) classes using procedural step 1: 1. A portion of...
AI summary Nova Scotia Power outlines its methodology for allocating forecast fuel and purchased power costs between above-the-line (ATL) and below-the-line (BTL) classes. The company assigns a portion of fuel-related costs to specific BTL classes and unbundled tariffs, while allocating the remainder to ATL classes using modified procedural steps. Starting in 2023, the BUTU class will use the embedded cost allocation methodology for FAM customers.
Nova Scotia Power Fuel and Purchased Power Related COS Methodology January 2022 1 2 2. For ATL classes, NS Power's fuel costs will be classified as 100 percent energy related. 3 These costs will be allocated to each class based on its rela...
AI summary The document outlines Nova Scotia Power's methodology for classifying and allocating fuel and purchased power costs under the 2022-2024 Generation and Resource Assessment (GRA). Fuel costs are categorized as energy-related for ATL classes and allocated based on monthly energy requirements. Purchased power is classified between energy and demand based on generation source and NS Power's fixed cost base load generation practices.
Nova Scotia Power Open Access Transmission Update February 2022 1 OATT Schedule 9 provides the System Average Loss Factor for Network Integration Service, 2 which is applied to the net demand of the eligible customer. This factor is update...
AI summary The document outlines Nova Scotia Power's Open Access Transmission Update for February 2022, including the System Average Loss Factor for Network Integration Service and the development of transmission revenue requirement, which includes depreciation, interest, return on equity, taxes, operating costs, and fixed cost deferral.
NON-CONFIDENTIAL 1 • Fuel costs are based on forecast commodity costs and actual costs will be subject to market 2 conditions at the time of purchase. 3 4 • The timing and quantity of resource additions differs from the current 2030 Clean...
AI summary Fuel costs depend on forecasted commodity prices and actual costs may vary due to market conditions. The timing and quantity of resource additions differ from the 2030 Clean Power Plan.
3 The difference in class shares between the current method (reflective of class shares in usage of 4 electric services of energy and demand) and share in system cost benefits (calculated under Option 5 Two), is due to the fact that the sy...
AI summary The difference in class shares between the current method and Option Two is due to system cost benefits primarily resulting from reduced fuel costs. Classes with higher fuel costs relative to their total service cost show greater system benefits, typically characterized by higher load factors and higher service voltage levels.
Resource Cost, Performance, & Financing Performance Inputs Financing Performance Inputs Financing System Depreciable Lifetime 35 % Financed w/ equity % Financed w/ debt Ongoing Costs Debt Interest rate Fixed O&M Costs ($/kW-yr) $17.69 Cost...
AI summary The document presents a table outlining performance inputs and financing details for a system, including system cost, depreciation lifetime, financing percentages, interest rates, tax assumptions, and levelized costs. It includes data on capital costs, O&M expenses, and PRM adjustments.
1 Request DR-12: 2 - 3 Please provide an average energy price estimate (i.e. on a per MWh basis) based on the - 4 avoided cost of fuel at NSPI's highest 50 peak hours. Please provide the same for the avoided - 5 cost of fuel at NSPI's high...
AI summary The request asks for average energy price estimates based on avoided fuel costs during peak hours for NSPI. NS Power responded with data from PLEXOS simulations, excluding renewable generation and assuming a no-PHP scenario for 2025.
BUTU RtR Municipal FAM-related – "Energy-related Purchased Power and Fuel Cost" "Fuel Cost" "Energy Charge" Energy Allocated MWh Marginal/Avoided Cost Allocated MWh "Energy-related Fixed Generation Cost" "Fixed Cost Adder" "Energy Charge"...
AI summary The table compares different cost allocation methods across BUTU, RtR, and Municipal categories, including energy-related and demand-related costs. It outlines various cost components such as 'Energy-related Fixed Generation Cost,' 'Demand-related Purchased Power,' and 'Average NS Power Unit Cost.' The document is part of a confidential appendix in a regulatory proceeding.
2.1 Maritime Link Project 4 3 - 5 The Maritime Link project is a source of out-of-province long-term energy imports that will help - 6 position NS Power to meet its air emissions and renewable energy requirements by 2020. The - 7 project w...
AI summary The Maritime Link project provides long-term energy imports to help NS Power meet emissions and renewable energy targets by 2020. It was approved by the UARB in 2013 and includes firm and non-firm energy components. The project's costs are incorporated into the Base Cost of Fuel (BCF) for 2018 and 2019, with amounts smoothed over the Rate Stability Period as required by the Electricity Plan Implementation Act (EPIA).
2.2 Fuel Stability Application 25 - 26 In its Fuel Stability Plan Application, the Company proposed the Surplus Energy, representing - out-of-province imports of non-firm energy, be treated in the same way as other interruptible - 28 impor...
AI summary The document discusses the Fuel Stability Plan Application by the Company, proposing that surplus energy from out-of-province imports be treated similarly to other interruptible imports, with 100% classification to energy and allocation to rate classes based on their share of annual energy requirements.
Cost of Service Classification of the Maritime Link Strawman Report 1 share of generation costs, would experience an additional increase of 1.1% under the Hydro-based approach compared to that under the Fossil Fuel Approach.[6](#page-178-1...
AI summary The document discusses the cost of service classification of the Maritime Link Strawman Report, with the IG and SBA supporting the Hydro-based cost allocation approach. NS Power's proposal to classify Maritime Link revenue requirements similarly to company-owned hydro plant costs is opposed by the CA's consultant, who suggests a different allocation based on benefits to customer classes.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests 1 breakdown between fuel (34.3 percent) and non-fuel (65.75 percent) costs of other 2 biomass purchases. 3 4 • Tab "Rate Base Classification" provides classi...
AI summary The text discusses the breakdown of fuel and non-fuel costs, including biomass purchases, and provides details on how costs are classified and allocated to energy and demand. It also references the Maritime Link (ML) and the FAM Plan of Administration for costing treatment under the Nova Scotia Block.
COSS SBA DR-6 Attachment 1 Page 8 of 24 413250 REG RES ACCRUED FAM BA FUEL COST 413310 REG METERED OUTDOOR REC LIGHTS NON FUEL ENERGY 413330 REG METERED OUTDOOR REC LIGHTS FAM AA FUEL COST 413350 REG METERED OUTDOOR REC LIGHTS DSM COST REC...
AI summary The text lists various regulatory account codes related to fuel costs, energy usage, and cost recovery riders for different customer categories and usage types, including time-of-use and small generation. These codes are part of a financial and regulatory framework for Nova Scotia Power.
COSS SBA DR-6 Attachment 1 Page 9 of 24 414540 REG LARGE GENERAL FAM AA FUEL COST 414550 REG LARGE GENERAL FAM BA FUEL COST 414610 REG GENERAL TIME OF USE NON FUEL DEMAND BASE 414620 REG GENERAL TIME OF USE NON FUEL ENERGY ALLHOURS 414630...
AI summary The document lists various rate codes related to fuel costs, time-of-use pricing, demand base, energy charges, and revenue for different customer classes, including large, small, and medium industrial and general customers. These codes are part of a regulatory proceeding and appear to be associated with cost recovery and rate structures.
COSS SBA DR-6 Attachment 1 Page 12 of 24 455300 OTHER INCOME SALVAGE 455350 OTHER INCOME MISC REVENUE 502050 REG FUEL GAS CONSUMED 502100 REG FUEL GAS CONSUMED FX 502150 REG FUEL GAS CONSUMED COMMODITY DERIV 502160 REG FUEL GAS SOLD 502170...
AI summary The text presents a list of financial and operational categories related to fuel consumption, purchased power, and grid sales, including various types of fuel and associated expenses and revenues. These categories are likely used for accounting and regulatory reporting purposes.
COSS SBA DR-6 Attachment 1 Page 13 of 24 504450 REG GRID SALES FUEL DIESEL 505050 REG FUEL AFFILIATES 507050 REG FAM INCENTIVE 507100 REG FUEL ADJUSTMENT 507150 REG FIXED COST RECOVERY ADJUSTMENT 507200 REG RATE STABILIZATION ADJ FIXED COS...
AI summary This document contains a list of regulatory codes related to fuel, labour, expenses, and other operational categories. It includes entries such as fuel adjustment, fixed cost recovery, and various labour and expense classifications. These codes are part of a larger regulatory and financial framework, but specific details are redacted.
Fuel Adjustment Mechanism Plan of Administration in Effect for 2023-2024 February 2, 2023
AI summary The Fuel Adjustment Mechanism Plan of Administration for 2023-2024 outlines the framework for adjusting rates based on actual fuel costs incurred by Nova Scotia Power. This plan ensures that customers are billed accurately for the cost of fuel used in electricity generation.
1.0 GENERAL DESCRIPTION This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (Board) in its decision letter i...
AI summary This document outlines the administration plan for Nova Scotia Power Inc.'s Fuel Adjustment Mechanism (FAM), approved by the Nova Scotia Utility and Review Board in 2008. It explains how the Base Cost of Fuel is calculated, reset, and adjusted, with stakeholder opportunities for challenge and audit processes in place.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1183 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 4 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023 The FA...
AI summary The Fuel Adjustment Mechanism (FAM) is designed to pass through the difference between actual fuel costs and the Base Cost of Fuel to customers on a per kilowatt-hour basis. Interest is applied to over/under-balance amounts using NS Power's Annual Weighted Average Cost of Capital (WACC), and adjustments are made for each rate class.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) is structured into two components: the Actual Adjustment Component (AA) and the Balancing Adjustment Component (BA). The AA recovers differences between actual and previously recovered fuel and purchased power costs, while the BA ensures over/under-recovery is corrected and may include deferrals with Board approval.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1185 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 6 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023
AI summary This document is a redlined revision of the FAM POA Main Document from February 2023, part of the 2026-2027 GRA Direct Evidence Appendix 12A(2). It includes the COSS SBA DR-7 Attachment 1 and is part of a partially confidential regulatory proceeding.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary NS Power's Fuel Adjustment Mechanism (FAM) operates on an annual cycle with an over/under recovery mechanism, consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The AA is calculated based on the over- or under-recovery of the Base Cost of Fuel at the end of September, while the BA manages deferred fuel and purchased power costs approved by the Board.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1188 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 9 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023 - d. M...
AI summary The document outlines the allocation methodology for fuel-related costs and export revenues across different classes in the context of the Fuel Adjustment Mechanism (FAM) Plan of Administration (POA). It specifies how demand and energy portions of costs are distributed based on load factors, monthly energy requirements, and revenue-to-cost ratios.
3.1 Treatment of load migrating to non-FAM classes When a customer transitions some or all of its load from a FAM-class to a non-FAM class, NS Power shall determine the customer's outstanding fuel cost imbalance at the date of transition....
AI summary When a customer transitions load from a FAM class to a non-FAM class, NS Power must determine the fuel cost imbalance and adjust it according to UARB decisions. Adjustments require UARB approval and must be settled on terms acceptable to both parties, with carrying costs applied if payments are made over time.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section of the Plan of Administration outlines the framework for allowable fuel and purchased-power costs recoverable through the Fuel Adjustment Mechanism. It includes normal, recurring, non-capital expenses, discrepancies supported by surveys, and exceptional costs reviewed by the Small Working Group. These costs are subject to audit and approval by the Nova Scotia Utility and Review Board.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary This section outlines key financial and operational aspects related to natural gas, including consumption, hedging strategies, pipeline-related costs, and storage fees.
- GHG Emission Compliance Program costs 502050 REG FUEL GAS CONSUMED 502160 REG FUEL GAS SOLD 502100 REG FUEL GAS CONSUMED FX 502200 REG NATURAL GAS PIPELINE TOLL 502150 REG FUEL GAS CONSUMED COMMODITY DERIVATIVES 502170 REG FUEL GAS PIPEL...
AI summary This section lists various fuel gas-related regulatory accounts and costs associated with the GHG Emission Compliance Program. It includes entries for fuel gas consumed, sold, pipeline tolls, and losses, as well as grid sales of natural gas.
3.2.2 Solid Fuel Solid fuel costs are collected into three categories: Inventoried Costs, Costs Directly Applied, and Costs Expensed Through Plant Fuel Handling Adjustments. Those categories include the following costs: - Inventoried costs...
AI summary The document outlines the categorization of solid fuel costs into three groups: inventoried costs, costs directly applied, and costs expensed through plant fuel handling adjustments, detailing the specific types of expenses included in each category.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document outlines various regulatory fuel coal consumed categories, including domestic, imported, petcoke, and other types, under different account numbers. It also introduces a section on heavy fuel oil consumption.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1194 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 15 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023 - Sta...
AI summary This document outlines components of the Fuel Adjustment Mechanism Plan of Administration, including standby emergency response services, third-party supervision of unloading, and transportation costs such as rail, barge, vessel, and truck, along with related compliance and emission costs.
Costs of this type are normally recorded in the following accounts in NS Power's Chart of Accounts: 502400 REG FUEL BUNKER C CONSUMED 502460 REG FUEL BUNKER C CONSUMED COMMODITY DERIVATIVES 502450 REG FUEL BUNKER C CONSUMED FX 504100 REG G...
AI summary The text outlines the specific accounts in NS Power's Chart of Accounts where certain fuel costs are recorded, with a focus on diesel oil and related fuel bunker C consumed costs.
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary The section discusses the costs associated with Light Starter Oil (LFO), including commodity consumption, transportation, quality testing, inventory measurement, and GHG emission compliance. These costs are recorded in a specific account in NS Power's Chart of Accounts.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc.
AI summary This section discusses fuel additives such as Ultramag and FireShield, which are used in the context of fuel management and adjustment mechanisms.
3.2.7 Fuel – Limestone - Limestone and related transportation - Limestone Ash Hauling and Equipment Rentals - Limestone Royalties - Water Royalties Costs of this type are normally recorded in the following account in NS Power's Chart of Ac...
AI summary The document outlines categories of fuel-related costs, specifically limestone and its associated transportation, ash hauling, equipment rentals, and royalties. These costs are recorded in a specific account within NS Power's Chart of Accounts.
FAM POA Main Document (Redline) – Revision 11 / February 2023 502850 REG PURCHASED POWER IPP PRE 2001 502950 REG PURCHASED POWER COMFIT SMALL 502900 REG PURCHASED POWER IPP POST 2001 502710 REG PURCHASED POWER INADVERTENT 503050 REG PURCHA...
AI summary The document includes a table listing various categories of purchased power, such as power from Independent Power Producers (pre- and post-2001), Community Feed-in Tariff (COMFIT) for small and large scale, and inadvertent power purchases. It also references a section on 'Fuel Biomass' under the Fuel Adjustment Mechanism (FAM) Plan of Administration (POA).
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1198 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 19 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023
AI summary This document is a partially confidential appendix from a 2026-2027 General Rate Application (GRA) proceeding, including a redline version of the Fuel Adjustment Mechanism (FAM) Plan of Administration (POA) as of February 2023. It is part of a Cost of Service Study (COSS) and includes references to other studies and mechanisms such as the Fuel Adjustment Mechanism Adjustment (FAMAA) and Balancing Adjustment riders (BARIDERS).
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The document outlines costs related to Mercury Sorbent under the Fuel section, including additives like Powder Activated Carbon and Calcium Chloride, transportation costs, and costs associated with a Mercury Diversion Program approved under the Air Quality Regulations. These costs are recorded in specific accounts in NS Power's Chart of Accounts.
3.2.13 Miscellaneous Revenue and Recoveries Revenues from joint partnerships in wind farms (including the cost of NS Power's ownership which is applied to purchased power) and any other fuel-related miscellaneous revenues. These revenues i...
AI summary This section outlines miscellaneous revenue sources, including revenues from joint partnerships in wind farms and steam sales. It references documents such as the COSS SBA DR-7 and the FAM POA Main Document, which pertain to revenue recording and fuel-related adjustments.
417300 REG GRID SALES REVENUE 503200 REG NATURAL GAS REVENUE 503250 REG NATURAL GAS REVENUE FX 503300 REG WIND RECEIVABLES PURCHASED POWER 503350 REG WIND RECEIVABLES FUEL FOR GENERATION 535850 MISC REVENUE These revenues will offset FAM-e...
AI summary The document lists various revenue accounts related to grid sales and natural gas, which are intended to offset FAM-eligible fuel and purchased-power costs.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary The section discusses the adjustment of NS Power Fuel Accounts for expenses and revenues in foreign currencies, including gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g., third party t...
AI summary The text outlines the costs associated with limited-duration fuel testing, specifying that these costs are non-capital and must be separately identified in accounting records. It references the Fuel Adjustment Mechanism (FAM) Plan of Administration (POA) and a Cost of Service Study (COSS) attachment.
3.2.16 BTL Costs - Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff - Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the W...
AI summary This section outlines two components of BTL costs: spill energy payments under a specific wholesale market tariff and net fuel costs incurred under another wholesale market service tariff, after accounting for revenue and non-fuel items.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1201 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS SBA DR-7 Attachment 1 Page 22 of 33 FAM POA Main Document (Redline) – Revision 11 / February 2023
AI summary This document is a revision of the FAM POA Main Document, part of the 2026-2027 GRA Direct Evidence Appendix. It includes a redline version from February 2023 and is related to the Cost of Service Study (COSS) and the Fuel Adjustment Mechanism (FAM).
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary This section discusses the calculation of fuel costs under the Fuel Adjustment Mechanism (FAM), which includes allowable fuel and purchased power expenses, excluding revenues from exported power.
3.4 Deferrals During the 2023-2024 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional interest charges which would accrue by fu...
AI summary During the 2023-2024 GRA Period, NS Power may include prior FAM deferrals for certain rate classes to avoid additional interest charges. This relates to the Fuel Adjustment Mechanism and the Plan of Administration, as outlined in the COSS SBA DR-7 and FAM POA documents.
Annual Filing Requirements for Fuel Adjustment Rider In 2023 and 2024 NS Power will submit as required by Appendix "D" a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of general system requireme...
AI summary In 2023 and 2024, NS Power will submit a Fuel Adjustment Mechanism Formula filing for the Actual Adjustment Component and Balancing Adjustment Component, including a forecast of general system requirements and a proposed calculation for the upcoming year.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual filings for the Base Cost of Fuel forecast, including load forecasts and standardized filings using methods outlined in Appendix B. The Board considers these forecasts and stakeholder comments when making decisions on the Base Cost of Fuel for the following year.
Changes to Reporting Information No changes to the approved reporting templates, including but not limited to designation of information as confidential, shall be made without either agreement of NS Power and stakeholders and Board approva...
AI summary The document discusses changes to reporting information, emphasizing that no modifications to approved templates can be made without agreement from NS Power, stakeholders, and Board approval. Revisions to FAM documents are to be reviewed by stakeholders.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) is subject to periodic audits to ensure accuracy and prudence in fuel and purchased power costs. Audit results will be considered in subsequent FAM hearings, potentially leading to adjustments in the Base Cost of Fuel or Fuel Adjustment Factor, or a General Rate Case, as requested by NS Power or stakeholders.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The Board will conduct a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period, focusing on NS Power's fuel procurement and recovery under the FAM. The audit will cover financial and management aspects, including the FAM Formula, actual fuel and purchased power costs, and relevant contracts.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The audit of the Fuel Adjustment Mechanism (FAM) will examine NS Power's fuel and energy procurement, management, and production practices, ensuring compliance with the NS Power Fuel Manual and good utility practices. Key areas include fuel costs, operational availability, contract prudence, and FAM adjustments.
Significant FAM Changes Where, in the absence of a General Rate Application, an increase for any customer class of more than 10 percent compared with the rate payable in the prior year is caused by the application of the FAM procedures, th...
AI summary The document outlines significant changes to the Fuel Adjustment Mechanism (FAM), emphasizing the Board's role in monitoring its operation and intervening if customer class rate increases exceed 10% compared to the prior year. The Board may defer part of the increase for future collection if it deems the increase unacceptable or not in the public interest.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary The document outlines the availability of monthly, quarterly, and annual reporting for stakeholder review, including confidential and non-confidential data. Access to confidential information requires a Confidentiality Agreement. Stakeholders will have the opportunity to challenge NS Power's fuel costs and forecasting methodology during hearings.
7.0 DEFINITIONS Actual Adjustment (Refund)/Recovery Rate – AA: is an Actual Adjustment which consists of the difference between fuel-related costs recovered from a rate class through the application of the base rates and the actual fuel co...
AI summary This section defines key terms related to fuel cost adjustments and balance adjustments, including how actual and balance adjustments are calculated based on fuel costs and sales. It also introduces the Annual Weighted Average Cost of Capital (WACC) and audit definitions.
Fuel-related cost classification in COS - Purchased Power costs are treated in the same manner as costs of corresponding NSPI-owned types of generation. - Wind generation purchase costs is classified to energy and demand based on the ELCC....
AI summary The document outlines how various fuel-related costs are classified within the Cost of Service (COS) framework. Purchased power, wind generation, and biomass costs are categorized based on factors like Energy Loss from Congestion (ELCC), Service Level Factor (SLF), and annual cost budgets. Fuel and Imports costs, including the Maritime Link (ML) Surplus, are classified solely to energy.
Evolving and adaptive nature of NS Power's COS In response to changing operating environment NS Power proposed various refinements to the COS methodology for stakeholders' review and Board's approval in GRA and Base Cost of Fuel (BCF) proc...
AI summary NS Power has proposed several refinements to its Cost of Service (COS) methodology in response to changes in the operating environment. These include the addition of new generation types, separation of fuel cost allocation, and changes to costing treatments for various energy sources and services, as discussed in various regulatory proceedings.
Challenges lying ahead - The pace of changes in NS Power's generation and power purchase mix is about to accelerate in the coming years. - The share of NSPI owned generation in total system energy requirement will continue to decline falli...
AI summary NS Power's generation mix is expected to change significantly, with a decrease in fossil fuel generation and an increase in renewable energy. This shift will impact cost classification and redistribution of generation costs among different rate classes.
A. Energy (Fuel) Costs There is at least one substantial difference between the POD and HCM methods for allocating fuel costs. NB Power's POD method uses "forward-looking dispatch and costs of individual generators," while MidAmerican's HC...
AI summary The document discusses differences between the POD and HCM methods for allocating fuel costs, noting that NB Power's method is based on forward-looking dispatch while MidAmerican's uses historical data. However, NB Power's exhibits lack supporting workpapers, making verification difficult. The methods are considered similar if forecast data is reasonable.
Municipal Tariff Rates - Revenue requirement reflects costs of three services areas of generation, transmission and retail - As above-the-line (ATL) & FAM rates they are subject to cost deferrals, rate capping and smoothing, their cost req...
AI summary The document discusses municipal tariff rates, which include revenue requirements covering generation, transmission, and retail services. These rates are subject to cost deferrals, rate capping, smoothing, and adjustments related to the R/C ratio and fuel costs. A two-part tariff structure, consisting of energy and demand charges, is applied for ratcheted non-coincident demands.
Recap: How do rates in wholesale and retail markets compare? - Charges for energy balancing and standby capacity services are less in the wholesale market over a broad range of load factors starting at 10% LF because - Non-fuel cost recove...
AI summary The wholesale market has lower charges for energy balancing and standby capacity services compared to the retail market, particularly at load factors starting at 10%. This is due to differences in non-fuel cost recovery and the alignment of fuel costs between the BUTU and EBS Tariffs in 2024.
Table 3 – Fuel and Purchases Classification Utility Classification of a portion of Fuel as Demand Classification of Purchases as Demand BC Hydro Yes (11.4%) Yes (8%) SaskPower No Yes (contracted demand only) Manitoba Hydro No – wind Yes –...
AI summary Table 3 classifies how different utilities categorize portions of fuel and purchases as demand. Nova Scotia Power, for example, does not classify out-of-province purchases as demand but does classify in-province purchases similarly to its generation. Other utilities like BC Hydro and Hydro Quebec classify both fuel and purchases as demand.
2026-2027 GRA Direct Evidence Appendix 12A(5) 1 Page 13 of 31 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Status Quo CTD Referen ce NS Power Position (Pre Resolution Session) NS Power Updated Position (Following Resolution Session) Justifi...
AI summary The document discusses the Fuel Adjustment Mechanism (FAM) and the classification of purchases providing firm capacity versus those that do not. NS Power maintains the status quo, classifying firm capacity purchases on SLF and non-firm purchases as energy, aligning with the Cost of Service treatment for generation assets.
17 4.1.2.1 NSP CURRENT APPROACH - 18 Fuel and purchases are sub-functionalized by type of generation or source of energy. - 19 Fuel Costs - 20 Imports - 21 Purchased Power Biomass - 22 Maritime Link - 23 Purchased Power Wind ERIS - - Purch...
AI summary The document discusses how Nova Scotia Power (NSP) categorizes fuel and purchases by type of generation or energy source, including fuel costs, imports, purchased power from biomass, the Maritime Link, and wind projects categorized as either Network Resource Interconnection Service (NRIS) or Energy Resource Interconnection Service (ERIS).
4.2.2.3 ELENCHUS OPINION - 6 Classifying fuel, imports, and export revenues to energy is appropriate as those costs are - 7 incurred directly to provide energy to customers. This is consistent with common practice - 8 and ratemaking princi...
AI summary The text discusses the appropriate classification of fuel, import, and export revenues to energy, aligning with common practice and ratemaking principles. It supports NS Power's proposal to classify costs based on system load factor and aligns with their methodology for purchases and generation.
1 4.3.2.3 ELENCHUS OPINION - 2 In Elenchus' view, NS Power's monthly allocations of fuel and imports is reasonable. NS - 3 Power's proposal to extend this approach to energy-classified purchases is appropriate. - 4 The monthly allocations...
AI summary Elenchus supports NS Power's approach to monthly allocations of fuel, imports, and energy-classified purchases, noting that this method is more detailed than most Canadian jurisdictions.
N-132026-2027 GRA OE-01-13 - Redacted
219 passages
1 Requirement: 2 3 Fuel and purchased power costs. 4 5 A. Provide the latest detailed fuel forecast for test year in the same format and 6 level of detail as the 2013 rate case (P-893). Identify the date and price of the 7 forward price cu...
AI summary The document outlines a requirement to provide detailed fuel forecasts for the test year in the same format as the 2013 rate case (P-893), including the date and price of forward price curve data for HFO and natural gas, and the PLEXOS runs used for computing fuel and purchased power costs for 2026 and 2027.
2026-2027 GRA OE-01A Confidential Attachment 3 has been removed due to confidentiality. 1 Requirement: 2 3 Fuel and purchased power costs. 4 5 Provide the current forecast of fuel burn levels for each plant for the current year 6 and the t...
AI summary The document outlines requirements for providing fuel and purchased power cost forecasts, including projections for fuel burn levels, emissions, and sulphur content. It references specific confidential attachments and sets SO2 emission limits for 2025, 2026, and 2027.
2026-2027 GRA OE-01C Confidential Attachment 2 has been removed due to confidentiality. 1 Requirement: 2 3 Fuel and purchased power costs. 4 5 Provide, for the last two years, the history of fossil fuel use, by fuel type, by fuel 6 qualiti...
AI summary The document outlines requirements related to fuel and purchased power costs, including the history of fossil fuel use, current fuel contract status, and the latest Fuel Manual. All submissions are referenced in confidential attachments, which have been removed due to confidentiality.
Provide the test year monthly quantities of fossil fuels projected to replace the natural gas under contract that is assumed to be sold, rather than used by NS Power. Provide the calculations that support NS Power's fuel cost savings of bu...
AI summary The text requests the monthly quantities of fossil fuels projected to replace natural gas under contract, along with the calculations supporting NS Power's fuel cost savings using PLEXOS reports.
9 Submission: 10 11 This Standardized Filing Component was originally completed prior to 2010 when NS 12 Power had a long-term gas supply agreement in place and gas was often resold and other, 13 more economic fuels were consumed instead....
AI summary NS Power explains that its standardized filing component reflects changes in gas supply practices post-2010, following the expiry of the Shell long-term agreement. It requests detailed fuel cost breakdowns for solid fuels, including transportation, foreign exchange, and internal movement costs, with calculations in $/MMBtu for input into the Plexos model.
2026-2027 GRA OE-01H Confidential Attachment 1 has been removed due to confidentiality. 1 Requirement: 2 3 4 Provide a summary of the current fuel transportation contract status for each fuel, 5 and by transportation provider, for the next...
AI summary The document outlines several requirements related to fuel transportation contracts, hedging programs, and forecast price calculations for solid fuels. Submissions are directed to confidential attachments, which have been removed due to confidentiality. NS Power lacks a forecast for solid fuel volumes beyond 2027.
2026-2027 GRA OE-01L Confidential Attachment 1 has been removed due to confidentiality. Requirement: 2 3 4 1 Provide information on all fuel related Affiliate Transactions for the last two years actual. 5
AI summary The document requests information on all fuel-related affiliate transactions for the past two years, indicating a focus on financial and operational transparency between affiliated entities.
6 Submission: Goods/Service Goods/Service CAD $ Value Short Description Provider Receiver _ NS Power NS Power Energy 2024 - Gas Sales Marketing Inc. Emera Energy NS Power 2024 - Gas Purchased Brooklyn Power NS Power 2024 – Power Corporatio...
AI summary The submission includes tables detailing financial transactions, such as gas and power sales and purchases, and provides information on export and import power calculations. It also references confidential attachments related to fuel supply studies and power calculations over specific financial timeframes.
Note: Import Power figures do not include GWh from the Maritime Link Nova Scotia and Supplemental Blocks. 1 Requirement: 2 3 Provide information on current Force Majeure issues or other known disputes that 4 may impact fuel deliveries. 5 6...
AI summary The submission indicates there are no current Force Majeure issues or disputes affecting fuel deliveries. A table detailing the cost and recoveries for Fuel for Resale has been referenced but is confidential and not included in the document.
Fuel Adjustment Mechanism Plan of Administration in Effect for 2023-2024 May 8, 2023
AI summary The document outlines the Fuel Adjustment Mechanism Plan of Administration effective for 2023-2024, detailing regulatory frameworks for managing fuel costs in Nova Scotia's energy sector during this period.
NS Power FUEL ADJUSTMENT MECHANISM PLAN OF ADMINISTRATION IN EFFECT FOR 2023-2024 May 8, 2023
AI summary NS Power's Fuel Adjustment Mechanism Plan for 2023-2024, effective May 8, 2023, outlines the administration of fuel cost adjustments, ensuring alignment with regulatory requirements and cost recovery.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) operates on an annual basis, with adjustments calculated once per year to recover fuel and purchased power costs. The mechanism comprises two components designed to address over or under recovery during each FAM year.
1. The Actual Adjustment Component (AA) a. Established at a rate expected to recover the amount of the difference between the prior FAM year's actual fuel and purchased power costs and those recovered through the Base Cost of Fuel Componen...
AI summary The Actual Adjustment Component (AA) is established to recover discrepancies between actual fuel and purchased power costs from the prior Fuel Adjustment Mechanism (FAM) year and the Base Cost of Fuel Component, covering 12 months of data through September of the prior year and October–December of the year before that.
2. The Balancing Adjustment Component (BA) - a. The Balancing Adjustment Component will provide for a correction to ensure that over/under-recovery produced by the Actual Adjustment Component is tracked and refunded to or recovered from cu...
AI summary The Balancing Adjustment Component (BA) ensures correction of over/under-recovery from the Actual Adjustment Component (AA) by refunding or recovering costs from customers. It may also defer fuel and purchased power costs with specific Board approval.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary NS Power's Fuel Adjustment Mechanism (FAM) uses an annual formula combining Actual Adjustment (AA) and Balance Adjustment (BA) to manage fuel costs. AA reflects over/under recovery of fuel costs, with October-December adjustments deferred to the following year. BA manages prior adjustments and deferred costs approved by the Board. The mechanism aims to align revenues with actual fuel expenses across rate classes.
3.1 Treatment of load migrating to non-FAM classes When a customer transitions some or all of its load from a FAM-class to a non-FAM class, NS Power shall determine the customer's outstanding fuel cost imbalance at the date of transition....
AI summary When a customer moves load from a FAM class to a non-FAM class, NS Power must calculate the fuel cost imbalance and adjust it according to UARB decisions in future FAM proceedings. Adjustments must be approved by UARB and settled on terms acceptable to both parties, with carrying costs applied if payments are made over time.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section outlines the framework for allowable fuel and purchased-power costs eligible for recovery through the Fuel Adjustment Mechanism (FAM). It includes normal, recurring, non-capital expenses, discrepancies supported by surveys and reports, and exceptional costs reviewed by the Small Working Group. These costs are subject to audit and approval by the Nova Scotia Utility and Review Board.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary The section outlines key financial and operational aspects related to natural gas, including consumption, hedging instruments, pipeline fees, storage costs, and losses. These factors are important for understanding the economic and logistical challenges of natural gas management.
- GHG Emission Compliance Program costs 502050 REG FUEL GAS CONSUMED 502160 REG FUEL GAS SOLD 502100 REG FUEL GAS CONSUMED FX 502200 REG NATURAL GAS PIPELINE TOLL 502150 REG FUEL GAS CONSUMED COMMODITY DERIVATIVES 502170 REG FUEL GAS PIPEL...
AI summary The document presents a table listing various regulated fuel gas costs and expenses related to natural gas consumption, sales, and pipeline tolls. It also references solid fuel costs in section 3.2.2.
• Inventoried costs - o Commodity Costs Coal, Petroleum Coke - o Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - o Third-party Quality Testing and Sampling - o Transportation Costs (e.g. by rai...
AI summary The text outlines inventoried costs including commodity costs for coal and petroleum coke, financial instruments used for hedging, third-party quality testing and sampling, and transportation costs such as loading, unloading, and port fees.
• Costs expensed through the Plant Fuel Handling Adjustment: o At each thermal coal unit a demarcation point has been defined as the reclaim hoppers. Any solid fuel handling and transportation expenses up until the point of the reclaim hop...
AI summary The text outlines the costs expensed through the Plant Fuel Handling Adjustment (FAM) at thermal coal units, including labor, inventory measurement, materials, repairs, and heavy equipment operating costs. These expenses are recorded in specific accounts within NS Power's Chart of Accounts.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document outlines various regulatory fuel coal consumed categories, including imported, domestic, petcoke, and other types, as well as fuel testing and foreign exchange considerations. It also introduces a section on Heavy Fuel Oil (HFO) consumption.
- HFO/Bunker Fuel Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Quality Testing and Inventory Measurement Costs - Standby Emergency Response Services and third party compliance pro...
AI summary The text outlines various costs and programs related to fuel consumption, financial hedging, quality testing, emergency response, transportation, and compliance with GHG emissions. These include standby emergency response services, third-party supervision, and transportation expenses such as rail, barge, and truck.
Costs of this type are normally recorded in the following accounts in NS Power's Chart of Accounts: 502400 REG FUEL BUNKER C CONSUMED 502460 REG FUEL BUNKER C CONSUMED COMMODITY DERIVATIVES 502450 REG FUEL BUNKER C CONSUMED FX 504100 REG G...
AI summary The document outlines the specific accounts in NS Power's Chart of Accounts where costs related to fuel bunker C consumption are recorded, including entries for REG FUEL BUNKER C CONSUMED and its derivatives.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc.
AI summary This section discusses fuel additives such as Ultramag and FireShield, which are used in fuel management processes. These additives are likely related to the performance and efficiency of fuel in power generation.
- Transportation Costs 502600 REG FUEL ADDITIVES CONSUMED 502650 REG FUEL LIMESTONE CONSUMED 504200 REG GRID SALES MERCURY SORBENT 504250 REG GRID SALES MERCURY SORBENT FX 3.2.7 Fuel – Limestone
AI summary This section discusses transportation costs, specifically focusing on fuel additives and limestone consumption, as well as grid sales of mercury sorbent. It includes line items related to these costs, indicating they are part of a regulatory proceeding.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The document outlines the costs associated with Mercury Sorbent, including additives like Powder Activated Carbon and Calcium Chloride, transportation costs, and costs related to a mercury diversion program approved under the Air Quality Regulations. These costs are recorded in specific accounts within NS Power's Chart of Accounts.
3.2.13 Miscellaneous Revenue and Recoveries Revenues from joint partnerships in wind farms (including the cost of NS Power's ownership which is applied to purchased power) and any other fuel-related miscellaneous revenues. These revenues i...
AI summary This section discusses miscellaneous revenues from joint partnerships in wind farms, power exports, natural gas resales, and steam sales. It outlines the accounts used to record these revenues, including those related to NS Power's ownership in wind farms and steam sales at specific locations.
417300 REG GRID SALES REVENUE 503200 REG NATURAL GAS REVENUE 503250 REG NATURAL GAS REVENUE FX 503300 REG WIND RECEIVABLES PURCHASED POWER 503350 REG WIND RECEIVABLES FUEL FOR GENERATION 535850 MISC REVENUE These revenues will offset FAM-e...
AI summary The text lists several revenue accounts, including REG GRID SALES REVENUE and REG NATURAL GAS REVENUE, which will be used to offset FAM-eligible fuel and purchased-power costs.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary This section discusses how NS Power adjusts its Fuel Accounts to account for expenses and revenues in foreign currencies, as well as gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g., third party t...
AI summary This section outlines the costs associated with limited-duration fuel testing, including shipping, handling, and third-party testing. These costs are non-capital and must be separately identified in the Company's accounting records.
3.2.16 BTL Costs - Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff - Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the W...
AI summary This section outlines BTL costs, which include spill energy payments under a specific wholesale market tariff and net fuel costs incurred under another wholesale market service tariff, after accounting for non-fuel revenue.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary This section outlines the calculation of fuel costs under the Fuel Adjustment Mechanism (FAM), which includes allowable fuel and purchased power expenses, excluding revenues from exported power.
3.4 Deferrals During the 2023-2024 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional interest charges which would accrue by fu...
AI summary During the 2023-2024 GRA Period, NS Power may include prior FAM deferrals for certain rate classes to save on interest charges that would accrue from further deferring these amounts until the end of the period.
Annual Filing Requirements for Fuel Adjustment Rider In 2023 and 2024 NS Power will submit as required by Appendix "D" a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of general system requireme...
AI summary NS Power is required to submit annual filings for the Fuel Adjustment Mechanism Formula in 2023 and 2024, including forecasts and proposed calculations for the Actual Adjustment Component and Balance Adjustment.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual filings for the Base Cost of Fuel forecast, using standardized methods and templates approved by the Board. These filings include load forecasts, fuel forecasts, and supporting reports, and will be considered by the Board in determining the Base Cost of Fuel for the upcoming year.
Changes to Reporting Information No changes to the approved reporting templates, including but not limited to designation of information as confidential, shall be made without either agreement of NS Power and stakeholders and Board approva...
AI summary The document outlines that changes to approved reporting templates, including confidentiality designations, require agreement from NS Power, stakeholders, and Board approval. Suggested revisions to FAM documents are to be submitted for stakeholder review and input.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) amounts are subject to periodic audit to ensure accuracy and prudence in fuel and purchased power costs. Audit results will be considered in subsequent FAM hearings, potentially leading to adjustments in existing balances or recovered amounts.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The Board is required to conduct a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period, involving a qualified independent firm. The audit will cover financial and management aspects of NS Power's fuel procurement and recovery, including the FAM Formula, actual fuel costs, contracts, and management performance over a two-year period.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The FAM audit aims to examine NS Power's fuel and energy procurement, management, and production practices, ensuring compliance with the NS Power Fuel Manual and good utility practices. The audit will cover fuel costs, operational performance, contract prudence, hedging practices, and FAM calculations, among other areas.
Significant FAM Changes Where, in the absence of a General Rate Application, an increase for any customer class of more than 10 percent compared with the rate payable in the prior year is caused by the application of the FAM procedures, th...
AI summary The Board will closely monitor the Fuel Adjustment Mechanism (FAM) and may intervene if a customer class faces a rate increase exceeding 10% due to FAM procedures, ensuring such increases are acceptable and in the public interest. Measures such as deferring part of the increase may be taken.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary Stakeholders will have access to monthly, quarterly, and annual reporting, including confidential data, through a secure document site and electronic data cart. The Fuel Adjustment Mechanism (FAM) processes will follow a regulatory calendar, and stakeholders will be able to challenge NS Power's fuel costs, methodology, and forecasts during hearings.
7.0 DEFINITIONS Actual Adjustment (Refund)/Recovery Rate – AA: is an Actual Adjustment which consists of the difference between fuel-related costs recovered from a rate class through the application of the base rates and the actual fuel co...
AI summary This section defines key terms related to fuel costs and financial adjustments in the regulatory proceeding, including Actual Adjustment (Refund)/Recovery Rate (AA), Balance Adjustment (Refund)/Recovery Rate (BA), and Annual Weighted Average Cost of Capital (WACC). These definitions clarify how fuel costs are accounted for and recovered in the rate structure.
FAM Calculation See Appendix A, FAM Calculation Model Part II
AI summary The document references the Fuel Adjustment Mechanism (FAM) calculation model, specifically Part II found in Appendix A. This section likely outlines the methodology used to determine fuel costs for adjustment purposes.
I. Schedule 2 - Base Cost of Fuel per kWh Rate Calculation – 'B' Enter the appropriate information for the effective period in Schedule 2 - Base Fuel Costs' of the FAM Calculation Model:
AI summary This section outlines the process for entering information related to the effective period in Schedule 2 - Base Fuel Costs of the FAM Calculation Model, which is used to determine the base cost of fuel per kWh.
Cost of Fuel (in millions) - a) Line 1: enter the 'Fuel for Generation' cost for the period found on the 'Consumed Fuel Type' page of the 'Compliance Forecast' or 'Base Fuel Forecast' package. - b) Line 2: enter the 'Plus/Less Natural Gas...
AI summary The document outlines the process for calculating the 'Cost of Fuel' component, which involves entering specific line items such as fuel for generation, purchased power, fuel water royalties, and adjustments for export revenue and non-FAM fuel costs. The final 'Cost of Fuel' is derived from these entries.
Energy Requirements (GWh) - l) Line 13: enter the 'Total System Requirements' in GWh for the period found on the 'Net Generation by Fuel Type' page of the 'Compliance Forecast' or 'Base Fuel Forecast' package. - m) Line 14: enter the 'Less...
AI summary This section outlines how to calculate 'Energy Requirements (GWh)' by entering specific values from various forecast packages, including 'Total System Requirements', 'Less Export Sales and Losses', and 'Less Total Non FAM Requirements', and then calculating the final value by subtracting the latter two from the first.
II. Schedule 3 – Actual Data Enter the appropriate information for the effective period(s) in Schedule 3 - Actual Data and Schedule 4 – Forecast Data, of the FAM Calculation Model before proceeding to Schedule 1 – FAM Calculation: Input th...
AI summary This section provides instructions for entering actual data into Schedule 3 of the FAM Calculation Model, which is part of the Fuel Adjustment Mechanism process. The data entered here will be used in conjunction with Schedule 4 for forecasting purposes.
Actual Cost of Fuel (in millions) - a) Line 1: enter the 'Fuel for Generation' cost for the period found on the 'Fuel Summary by Type' page of the appropriate 'Fuels Results Package'. - b) Line 2: enter the 'Plus/Less Natural Gas Margin' f...
AI summary The document outlines the process for calculating the actual cost of fuel, detailing the various line items and sources for each component, including fuel for generation, purchased power, fuel-water royalties, and adjustments related to revenue and export revenues, with a final calculation linked to the Fuel Adjustment Mechanism.
Actual Sales (GWh) - o) Line 15: enter the 'Total Sales' in GWh for the period as provided by Revenue for the appropriate 'Fuels Results Package'. - p) Line 16: enter the 'Less Export Sales Gen.' in GWh for the period found on the 'Export...
AI summary The text outlines the process for calculating 'Actual Sales' in GWh by entering total sales, subtracting export sales and other adjustments, and linking the result to the Fuel Adjustment Mechanism (FAM) calculations in Schedule 1.
Forecast Cost of Fuel (in millions) a) Line 1: enter the 'Fuel for Generation' cost for the period found on the 'Consumed Fuel Type' page of the current forecast. - b) Line 2: enter the 'Plus/Less Nat Gas Margin' for the period found on th...
AI summary This section outlines the process for forecasting the cost of fuel, detailing how various line items such as fuel for generation, purchased power, and export revenues are entered into the forecast. It also specifies that certain lines should be set to zero and that the final calculation is used in the FAM Calculation Schedule for specific months.
Forecast Sales (GWh) n) Line 15: enter the 'Total Sales' in GWh for the period as provided by Revenue for the current forecast. - o) Line 16: enter the 'Less Export Sales Gen.' in GWh for the period found on the 'Export Sales Report' page...
AI summary This section outlines the process for calculating 'Forecast Sales' by entering total sales, subtracting export sales, GRLF/LRT/Shore Power requirements, and Mersey Basic Block, ultimately determining non-FAM sales forecast for use in the FAM Calculation Schedule.
Forecast (Over)/Under Recovery Cost (in millions) - u) Line 22: calculate the 'Forecasted Fuel Costs Recovered through Base Fuel Cost' for the period by multiplying the GWh per rate class from the Supplementary Sales Schedule by the releva...
AI summary The document outlines the calculation methods for two key financial metrics: 'Forecasted Fuel Costs Recovered through Base Fuel Cost' and 'Forecasted Blend.' These calculations are based on data from the Supplementary Sales Schedule and Schedule 2b – COS Base, with the Forecast Sales Blend further broken down by Rate Class in Schedule 4.
IV. Schedule 1 – FAM Calculation The remaining items are calculated in 'Schedule 1 – FAM Calculation': a) Line 1: links the 'Base Cost of Fuel per kWh' calculated in line 13 of 'Schedule 2b – COS Base Fuel'. - b) Line 2: links the 'Actual...
AI summary This section outlines the calculation process for the Fuel Adjustment Mechanism (FAM) as detailed in Schedule 1. It explains how various lines link to other schedules and calculations, including the determination of over/under recovery amounts, interest calculations, and the breakdown of fuel costs by rate class.
V. Actual Adjustment (Refund)/Recovery Yearly Rate per kWh Calculation – 'AA' The 'Actual Adjustment' rate is calculated and presented to the Board for approval on or before November 15 of each year, based on the current year's data, to th...
AI summary The 'Actual Adjustment' (AA) rate is calculated annually and submitted to the Board for approval, based on data from the current year and used for the next calendar year. The process involves calculating over/under recovery amounts, accumulated interest, and the AA rate per kWh, with a second calculation in January for the final AA filing.
VI. Actual (Refund)/Recovery Amount Calculation Enter the appropriate information for the effective period in Schedule 1 – FAM Calculation: - a) Line 25: link the value calculated in line 19 of 'Schedule 3 Actual Data', for the current per...
AI summary This section outlines the methodology for calculating refund or recovery amounts related to the Fuel Adjustment Mechanism (FAM) during a given period. It details steps for linking various schedules and calculating balances, including the beginning balance, accumulated interest, and ending balance for the prior year's (Refund)/Recovery Amount.
VII. Balance Adjustment (Refund)/Recovery Yearly Rate per kWh Calculation – 'BA' The 'Balance Adjustment' rate is calculated and presented to the Board for approval in October each year, based on the current year's data, to the end of Sept...
AI summary The document outlines the process for calculating the Balance Adjustment (BA) rate, which is submitted to the Board for approval in October each year and used for the following calendar year. The BA rate is recalculated in January using updated data, with the final calculation reflecting the actual remaining over/under recovery amount.
VIII. Balance (Refund)/Recovery Amount Calculation Enter the appropriate information for the effective period in 'Schedule 1 – FAM Calculation': - a) Line 38: link the value calculated in line 19 of 'Schedule 3 Actual Data', for the curren...
AI summary The section outlines the calculation process for the Balance (Refund)/Recovery Amount in the FAM Calculation Schedule. It provides instructions on linking values from various schedules and lines to compute balances for the current and prior periods, including interest calculations and adjustments for January and July.
IX. Total Account Amount Enter the appropriate information for the effective period in 'Schedule 1 – FAM Calculation': a) Line 45: show the 'Total (Over)/Under Account Beginning Balance' by linking the prior period's ending balance calcula...
AI summary This section outlines the calculation of the Total (Over)/Under Account Amount for the effective period, detailing how various lines in Schedule 1 – FAM Calculation are populated based on prior period balances and current month values.
X. Fuel Adjustment Mechanism Formula [¢/kWh] = AA + BA a) The 'Fuel Adjustment Mechanism' rate is calculated once a year every January, based on the previous year's data. The rate calculated is used for the entire current year Line 53: cal...
AI summary The Fuel Adjustment Mechanism (FAM) rate is calculated annually in January using data from the previous year. The formula combines two components, AA and BA, derived from lines 26 and 39 of the calculation.
August 11, 2021 The following methodology governs the processes and assumptions that NS Power will use to produce the FAM fuel forecast required to set the Base Cost of Fuel during the Rate Stability Period.
AI summary NS Power outlines the methodology for producing the FAM fuel forecast, which is essential for setting the Base Cost of Fuel during the Rate Stability Period.
1.0 General Approach The production of a fuel forecast for use in the establishment of the Base Fuel Cost used in a FAM shall be performed using the methodology set out below.
AI summary The document outlines the methodology for producing a fuel forecast to establish the Base Fuel Cost used in the Fuel Adjustment Mechanism (FAM).
2.4 Industrial Energy Sales NS Power produces the small and medium industrial forecasts based on econometric models using provincial economic information and historical load data as inputs. The Large Industrial rate class load forecast rel...
AI summary NS Power uses econometric models and customer surveys to forecast industrial energy sales. For large industrial customers without survey data, load is assumed to remain flat during the forecast period.
2.7 Input into PLEXOS NS Power will develop the annual load forecast using 8,760 hours of data called "base load shape", which it will input into PLEXOS together with monthly energy and peak load forecast information. The PLEXOS load shapi...
AI summary NS Power will input annual load forecasts into PLEXOS using a base load shape updated annually, considering factors like weather and data accuracy. Delays in updating the load shape may occur if the previous year's load pattern is atypical, such as due to extreme weather conditions.
3.1 General NS Power will calculate the cost of fuel used in the forecast through a combination of cost for fuel contracted and fuel yet to be contracted (open positions). Contracted fuel will be priced as per the terms of the relevant con...
AI summary NS Power calculates the cost of fuel used in the forecast by combining contracted fuel costs and forecast market prices for open positions. The methodology for determining the forecast market price uses a combination of fuel price forecasts, supplier bids, forward price strips, and broker quotes. The methodology is subject to Board review and approval.
3.2 Low Sulphur Coal The forecast of Low Sulphur Coal will be comprised of the cost for contracted volumes (with options forecast to be exercised to produce the lowest overall fuel cost), the cost for unhedged index priced volumes valued a...
AI summary The forecast for Low Sulphur Coal includes costs for contracted, unhedged, and open volumes, with open volumes priced based on forecast market prices. The methodology for determining these prices is outlined in the text.
3.2.1 Low Sulphur / Low Btu Colombian a. Supplier Bids ( percent): The average price (adjusted to 11,300 Btu/lb), from qualified bidders offering a commercially approved low sulphur, low Btu fuel of Colombian origin, of the two most compet...
AI summary This section outlines the process for determining the average price of low sulphur, low Btu Colombian coal based on supplier bids and forward indices. NS Power uses a 100% weighting of the API2 BC7 basis differential adjusted to Colombian origin for low sulphur coal, calculated from the most recent supplier bids and compared with the API2 minus BCI7 price.
3.2.2 Low Sulphur High Btu Colombian Supplier Bids for Low Sulphur High Btu coal are most commonly based on or may also be fixed priced. The average of two supplier bids is used to determine the Low Sulphur High Btu price using API4 publis...
AI summary Supplier bids for Low Sulphur High Btu Colombian coal are typically based on or fixed priced. The average of two bids is used to determine the price, referencing the API4 index from Intercontinental Exchange. If only one bid is available from a reliable supplier, it is used. NS Power is required to make reasonable efforts to obtain bids.
3.2.3 Low Sulphur Central Appalachian Coal The price of the CAPP Coal Origin CSX-BSK 1.7#SO2 index will be calculated from Allegro data queried at the start of NS Power's Fuel Forecast Development. The rail transportation estimate will be...
AI summary The price of Low Sulphur Central Appalachian Coal is determined using Allegro data and adjusted with rail transportation estimates from CoalDesk, incorporating an annual escalator for periods beyond CoalDesk's pricing data.
3.3 Mid Sulphur Coal The forecast of Mid Sulphur Coal will be comprised of the cost for contracted volumes (with options forecast to be exercised to produce the lowest overall fuel cost), the cost for unhedged index priced volumes valued a...
AI summary The forecast for Mid Sulphur Coal includes contracted, unhedged, and open volumes, with open volumes priced based on supplier bids or the NAPP Coal Origin price. Supplier bids are weighted based on availability and quality, and rail transportation costs are factored in using data from CoalDesk and an annual escalator.
3.4 Domestic Coal The forecast of Domestic Coal will be comprised of the cost for contracted volumes (with options forecast to be exercised to produce the lowest overall fuel cost). With Domestic Coal the decision whether to exercise volum...
AI summary The forecast for Domestic Coal involves selecting the lowest cost option between contracted volumes and imported coal. NS Power is required to use reasonable commercial efforts to contract for favorably priced Domestic Coal before the Fuel Forecast Update.
3.5 Petroleum Coke Forward indices similar to those available for coal are not published for Petroleum Coke. Petcoke pricing published by PACE is a commonly used basis for supplier bids but is not a forward price index. In addition, the pe...
AI summary The document outlines the methodology for forecasting the market price of petroleum coke (petcoke) for NS Power. It explains that petcoke pricing is based on supplier bids, with a fallback to PACE publications if bids are unavailable, and a constant escalator based on CPI is applied.
3.6 Natural Gas The forecast of Natural Gas will be comprised of the cost of natural gas under all contracts in place, applicable hedges, and open volumes valued at the forecast market price and the contract or forecast transportation cost...
AI summary The forecast for natural gas costs includes contract prices, hedges, open volumes, and transportation costs. The forecast market price is based on the average of NYMEX Henry Hub prices over 30 days before the fuel forecast development. Adjustments for market discounts or premiums are based on historical data and recent RFP results.
3.7 Heavy Fuel Oil 1.0 percent Sulphur The forecast of Heavy Fuel Oil (HFO) will be comprised of the cost of contracts, secured through a competitive RFP process, hedged volumes, and open volumes valued at a forecast market price. The sour...
AI summary The forecast for Heavy Fuel Oil (HFO) 1.0 percent Sulphur involves contracts secured through a competitive RFP process, hedged volumes, and open volumes priced using the CME or ICE forward price strips. If forward strips are unavailable, the HFO price will be based on the Brent crude price using historical trading relationships.
3.8 Light Fuel Oil The forecast of Light Fuel Oil (LFO) will be comprised of the cost, if any, of contracts and hedged volumes, and open volumes at the forecast market price. The forecast market price for LFO will be derived from the simpl...
AI summary The forecast for Light Fuel Oil (LFO) is based on contract costs, hedged volumes, and open volumes priced at the forecast market price. The forecast market price is calculated as the simple average of the NYMEX heating oil forward curves over a 30-day period before the start of NS Power's Fuel Forecast Development.
3.9 Freight (Ocean) The forecast of ocean freight will be comprised of the cost of contracted volumes (with options forecast to be exercised to produce the lowest overall fuel cost), and any open volumes valued at the forecast market price...
AI summary The document outlines the methodology for forecasting ocean freight costs, which includes contracted volumes, open volumes valued at market price, and bunker escalation based on contracts and fuel forward curves. NS Power must notify stakeholders and obtain Board approval before changing the independent party providing broker quotes.
3.10 Additives The cost of Additives to be used in the forecast will be based on the expected PAC performance at each plant considering fuel qualities and forecast blends, , as well as the contracts in place, and known changes in the produ...
AI summary The cost of Additives in the forecast is determined based on the expected performance of PAC at each plant, fuel qualities, forecast blends, existing contracts, and known changes in product or service costs. This calculation will be thoroughly documented.
3.11 Foreign Exchange Rate The forecast for foreign exchange will be comprised of the cost of contracts and hedged volumes, and open volumes at the forecast market rate. The forecasted foreign exchange market rate used in the Fuel Forecast...
AI summary The forecast for foreign exchange rates considers the cost of contracts, hedged volumes, and open volumes at the forecast market rate. The rate is calculated as a simple average of recent quotes from major banks within 90 days of the start of NS Power's Fuel Forecast Development.
3.12 Fuel Blending Optimization Optimal fuel blends required to meet emissions requirements and lowest cost of production will be co-optimized simultaneously with dispatch optimization in PLEXOS for the current calendar year. In order to o...
AI summary The document outlines a process for optimizing fuel blends in PLEXOS to meet emissions requirements and minimize production costs. Key inputs include fuel types, fuel content, fuel prices, and blend restrictions for each generating unit.
3.13 SO2 Precipitation Removal SO2 stack removal rates are specified to be 5% for all coal burning steam units and 90.5% for Point Aconi circulating fluidized bed boiler, nominally. These values can vary operationally due to electrostatic...
AI summary This section outlines the specified SO2 stack removal rates for coal burning steam units and the Point Aconi boiler, noting that these rates may vary due to ESP performance but are expected to average nominal values. Any significant deviations from expected rates will trigger periodic field tests to verify SO2 removal capabilities.
3.14 Hg Precipitation Removal and Diversion Credits Usage Forecast Mercury removal from flue gas occurs either inherently at the ESP without injection of sorbent, or due to injection of sorbent. Both modes of Mercury removal are modeled in...
AI summary The document discusses how mercury is removed from flue gas through either inherent processes at the ESP or via sorbent injection, with both methods modeled in PLEXOS for optimization. Mercury capture rates depend on the sulphur content of fuel blends and are based on assumptions developed by internal experts.
3.15 Biomass Total generation from the Port Hawkesbury Biomass facility is determined by Generation Services in conjunction with the plant manager based on expected steam demands from PHP and seasonal fuel quality operating constraints and...
AI summary The Port Hawkesbury Biomass facility's generation is determined by NS Power using forecasting methods similar to other thermal units. Fuel requirements and costs are calculated by the FERM team, with forecast prices based on internal and external expert input and detailed documentation.
4.1.1 Heat Rate In 2013, dispatch Net Unit Heat Rate (NUHR) vs net power curves were developed to best reflect the magnitude of the annual Aligne Fuel system heat rates from 2009 to 2013. The curve shapes, i.e. the change in heat rate with...
AI summary The document outlines the process for developing and verifying Net Unit Heat Rate (NUHR) vs net power curves for the Aligne Fuel system. These curves are verified through turbine cycle heat rate tests and used to monitor performance deviations. If changes are approved, updated coefficients are issued for use in economic dispatch and fuel forecasting.
4.1.3 Unit Maximum Capacities The maximum capacity of a unit will be the values used in the most recent Board approved Base Cost of Fuel for each unit. The maximum capacities of generating units rarely change, but should a major physical m...
AI summary The maximum capacity of a generating unit is determined by the most recent Board approved Base Cost of Fuel. Changes in capacity due to physical modifications are documented and reflected in forecasts approved by NS Power's management.
- 5. The following variable operating cost factors (OF) are applied to estimate the proportion of the identified variable operating costs that are dependent on the amount of generation: a. Coal/biomass 1.00 b. Conventional gas/oil 1.00 c....
AI summary The text outlines variable operating cost factors (OF) applied to estimate the proportion of variable operating costs dependent on generation, with a factor of 1.00 for coal/biomass, conventional gas/oil, and gas turbines.
6. The following variable maintenance cost factors (MF) are applied to estimate the proportion of the identified variable maintenance costs that are dependent on the amount of generation: a. Coal/biomass 0.60 b. Conventional gas/oil 0.35 c...
AI summary This section outlines variable maintenance cost factors (MF) for different types of generation sources, including coal/biomass, conventional gas/oil, and gas turbines. It also states that NS Power must provide adequate explanation and support for any deviations from the VOM calculation procedure outlined in the Forecasting Appendix.
4.1.7 Abatement Technologies Forecast of the efficiency of mercury abatement via powdered activated carbon will be based on the actual powdered activated carbon consumption and actual kg of mercury removed. Forecasted abatement cost will b...
AI summary The forecast of mercury abatement efficiency using powdered activated carbon will rely on actual consumption and mercury removal data, alongside supply contract pricing, to inform PLEXOS modeling.
4.1.10 Generating Unit Shutdown Penalty The PLEXOS system model differentiates between costs and penalties applied to operation of the fleet. While costs associated with start-ups do factor into the total cost of fuel and purchased power,...
AI summary The PLEXOS system model distinguishes between costs and penalties for generating unit operations. Shutdown penalties are used to reflect potential damage and costs from cycling, and are provided by Enterprise Asset Management and updated periodically based on fleet conditions.
4.1.13 Minimum and Maximum Sulphur Content of Fuel Blends Fuel blends will reflect the most current information regarding the minimum and maximum sulphur requirements, by plant.
AI summary This section outlines the minimum and maximum sulphur content requirements for fuel blends, specifying that the information will be based on the most current data available for each plant.
4.1.14 Minimum Calorific Value of Fuel Blend Requirements Fuel blends will reflect the most current information regarding the minimum and maximum calorific value requirements, by plant.
AI summary The section outlines that fuel blends must adhere to the most current minimum and maximum calorific value requirements, which vary by plant.
4.1.17 Fuel Switching Capability The fuel switching capability on dual-fueled steam plants is defined by Enterprise Asset Management (EAM) and updated in every F&PP forecast. EAM may provide separate forced outage rate for fuel switching s...
AI summary The fuel switching capability on dual-fueled steam plants is managed by Enterprise Asset Management (EAM) and updated in every F&PP forecast. EAM may provide a separate forced outage rate for fuel switching systems if it differs from unit forced outage rates.
4.8.4 Muskrat Energy Modeling Muskrat Falls Energy is modeled using the latest assumptions from NSP Maritime Link Inc. Nova Scotia base block and Supplemental block are modeled using $0 price. Surplus energy is modeled in accordance with s...
AI summary Muskrat Falls Energy is modeled using assumptions from NSP Maritime Link Inc., with Nova Scotia base and supplemental blocks priced at $0. Surplus energy is modeled in accordance with section 7.0.
5.3 Solid Fuel Pile Management The Solid Fuel Pile Management costs will be based on the most current information of fuel movement and management for the forecast year from the fuel delivery schedule. If no new information exists, the aver...
AI summary Solid Fuel Pile Management costs are determined using the most current fuel delivery schedule information. If no new data is available, the average of the last three years is used. Any forecast adjustments due to known changes are documented with their magnitude and reason.
5.4 Fuel Testing The Fuel Testing costs forecast will consist of the incremental shipping, handling and operational costs associated with the test burn program for the forecast period. The specifics and rationale for the test burn program...
AI summary The Fuel Testing costs forecast includes incremental shipping, handling, and operational costs for the test burn program. The specifics and rationale for the program must be fully documented, along with any forecast adjustments based on known changes.
5.6 Trucking and Rail Contract Costs The price per ton associated with Trucking and Rail which is contracted separately from the solid fuel supply contracts (e.g. rail services from PTMT to Trenton) will be calculated based on forecast tru...
AI summary The cost of trucking and rail contracts, separate from solid fuel supply contracts, is calculated using forecast rates and volumes derived from inventory projections in the Coal Model. This determines the total forecast cost for these services.
5.7 Auxiliary Fuel Auxiliary Fuel will be calculated based on a simple average of usage over the last three years, adjusted for known changes. Any adjustments from historical values for known changes will be fully documented and stated in...
AI summary Auxiliary Fuel is calculated using a three-year average of usage, adjusted for known changes, with all adjustments fully documented and stated in assumptions.
6.0 Export Power The methodology used to forecast the price of power exports from Nova Scotia assumes that all exports are considered dump energy and are nominally priced at $10 per MWh in the dispatch optimization model. The forecast mode...
AI summary The methodology for forecasting power export prices assumes all exports are dump energy priced at $10 per MWh, with maximum export volumes constrained to the average of the past three years, allowing for adjustments based on market changes.
7.0 Import Power The methodology used to forecast the price of power imports into Nova Scotia from New Brunswick for the 2020-2022 Rate Stability Period assumes that all NB to NS imports are purchased from ISO New England, including transm...
AI summary The methodology for forecasting power imports from New Brunswick to Nova Scotia during the 2020-2022 Rate Stability Period assumes purchases from ISO New England, including transmission and losses. Import prices are based on on-peak and off-peak forward prices from the New England Power Pool, with adjustments made for system constraints and known changes.
8.1 Assumption Gathering NS Power will gather input assumptions for PLEXOS as per the Appendix D schedule. Short-term forecasts will be provided within the timeframes noted above. The price strips used in the forecast will be for the 30 da...
AI summary NS Power will gather input assumptions for PLEXOS based on Appendix D's schedule. Short-term forecasts will be provided within specified timeframes, using price strips from the 30 days prior to the Fuel Forecast Development start date. Existing contracts and financial hedges will be included in the forecast.
8.3 Final PLEXOS Run The final PLEXOS run is the run in which the coal blend and dispatch optimization is fully vetted and shows no material unaccounted for discrepancies against the operational requirements.
AI summary The final PLEXOS run is described as the stage where coal blend and dispatch optimization are fully vetted, ensuring no significant discrepancies against operational requirements.
8.4 Financial Model The financial model is run to forecast the value of the fuel hedges, the gas resale program, and other non-dispatch-based fuel costs. The financial model imports the fuel requirements and costs from PLEXOS then applies...
AI summary The financial model forecasts fuel hedge values, gas resale program costs, and other non-dispatch-based fuel costs by importing data from PLEXOS and applying the effects of non-dispatched fuel costs.
8.5 Output of Financial Model into Reporting The output of the financial model will be exported into the Standardized FAM reporting package, as outlined in the body of the Plan of Administration, and submitted to the Board and stakeholders...
AI summary The financial model's output will be exported into the Standardized FAM reporting package, as outlined in the Plan of Administration, and submitted to the Board and stakeholders according to the schedule in Appendix D.
9.0 Base Fuel Forecast Update NS Power will provide an Updated Fuel Forecast as indicated in the schedule in Appendix D. The Update will require the re-running of the PLEXOS model. The Update will list any new contracts for committed volum...
AI summary NS Power will provide an updated fuel forecast, including new contracts, fuel hedges, and a variance analysis from the initial forecast, reflecting changes in committed contracts and market fuel prices.
10.0 Accounting Methodology The FAM Forecast will follow GAAP. Inventory will be consumed using a weighted average method, as per the Board's approval letter dated August 10, 2006 or as updated and approved by the Board.
AI summary The FAM Forecast will follow GAAP, and inventory will be consumed using a weighted average method, as approved by the Board in 2006 or as updated.
11.0 Schedule of Process timelines Appendix D provides the schedule for forecasting activities and information requirements related to FAM administration.
AI summary Appendix D outlines the schedule for forecasting activities and information requirements related to the Fuel Adjustment Mechanism (FAM) administration.
M-1 SUMMARY OF FUEL COSTS ( Non-Confidential ) - Summary of Fuel Costs by Type ($Millions) - Total System Requirements (GWh) - Adjusted for GRLF, Export Revenues, 1P RTP, Shore Power, Back Up/Top Up, Load Retention Tariff, and Foreign Exch...
AI summary This section provides a summary of fuel costs categorized by type, measured in millions of dollars, along with total system requirements in gigawatt-hours. It includes adjustments for various factors such as GRLF, export revenues, and load retention tariff, and covers both actual and budgeted amounts for monthly and year-to-date periods.
M-2 SUMMARY OF COST RECOVERY (Non-Confidential) - Summary of Base Cost of Fuel (BCF) actual and budget amounts for year to date and current month - Provides running balance to be recovered, forecast (over)/under recovery for remainder of t...
AI summary This document provides a summary of cost recovery for the Fuel Adjustment Mechanism (FAM), including actual and budget amounts for the Base Cost of Fuel (BCF), Actual Adjustment (AA), and Balancing Adjustment (BA) components. It outlines running balances, forecasts for the remainder of the year, and interest calculations.
M-3 TOTAL ACCUMULATED UNRECOVERED FAM BALANCE ( Non-Confidential ) - Provides actual figures for month to date and forecast for remaining months of the year - Outstanding AA and BA totals - BCF Variance to current month and in current mont...
AI summary This section provides a summary of the total accumulated unrecovered FAM balance, including actual figures for the current month, forecasts for the remaining months, outstanding AA and BA totals, BCF variance, accumulated interest amounts, and total outstanding balances with the current month highlighted.
M-4 FUEL POLICIES AND ORGANIZATIONAL CHANGES ( Non-Confidential ) - Details of Fuel Manual Updates in the month - Details of POA Updates in the month - Details of any Organizational Updates or other relevant staff changes within Fuels, Ene...
AI summary This section outlines updates to the Fuel Manual, POA (probably a procurement or operations agreement), and organizational changes within Fuels, Energy and Risk Management and Fuels Finance during the month.
M-7 VOLUME AND PRICING SUMMAR Y (Non-Confidential) - Provides information about categories, variance from budget, and detailed explanation of the reason for the variance - Information provided for Total Fuel and Purchased Power Expense, To...
AI summary This document provides a summary of volume and pricing information, including categories, variances from the budget, and explanations for these variances. It covers various expense categories such as Total Fuel and Purchased Power Expense, Solid Fuel Costs, Natural Gas, and Mercury Emissions.
(Confidential and Non-Confidential Versions) - Provides details per month for CBL Energy charge, Accrual Booked and Accrual Reversed which links back to report on M-1 - Breaks down the CBL Energy charges by Fuel and Purchased Power charge,...
AI summary The text provides a monthly breakdown of CBL Energy charges, including Fuel and Purchased Power, Operating and Maintenance, and Fixed Cost Recovery, along with actual and target energy figures and total billed charges, referencing report M-1.
ADDITIONAL DOCUMENTS : - FAM Calculation Model - Detailed Cover Letter explaining variances in fuel and purchased power costs and revenues in the month
AI summary The document includes the FAM Calculation Model and a detailed cover letter explaining variances in fuel and purchased power costs and revenues for the month.
Q-1 FUEL PORTFOLIO COMPLIANCE ( Confidential ) - Hedging Report by commodity - Including solid fuel and related transportation contract details - Commentary providing basis for commodity hedges in relevant years
AI summary The document outlines the Fuel Portfolio Compliance section, focusing on a hedging report by commodity, including details on solid fuel and transportation contracts, along with commentary on the basis for commodity hedges in relevant years.
Q-3 NEW FUEL CONTRACT SUMMARY ( Confidential ) Contract type, supplier, term, volume, price details for new physical contracts with terms less than and greater than one year or one month
AI summary This confidential document provides a summary of new fuel contracts, including their type, supplier, term, volume, and price details, distinguishing between contracts with terms less than and greater than one year or one month.
Q-4 CONTRACT UPDATE ( Confidential ) - Commentary on changes in fuel contracts, status on all litigations and force majeure - Records of procurement approvals and actual supplier contracts are catalogued and available in the electronic FAM...
AI summary The document discusses updates to Q-4 contracts, including changes in fuel contracts, litigation status, and force majeure. It also notes that procurement approvals and supplier contracts are recorded in the electronic FAM Data Cart.
Q-5 SOLID FUEL INVENTORY ( Confidential ) - Solid fuel inventory levels in tons and number of weeks supply with comparison target levels - Reporting periods include current quarter, forecast rest of year
AI summary The document discusses the solid fuel inventory levels, measured in tons and weeks of supply, with comparison target levels. It includes reporting periods for the current quarter and forecast for the rest of the year.
Q-7 NATURAL GAS DETAIL REPORT ( Confidential ) - Natural gas purchase quantities by supplier - Prices paid for quantities purchased - Cost/benefit of settled hedges applicable to purchases - Quantities consumed to generate electricity, sep...
AI summary This confidential Q-7 Natural Gas Detail Report outlines the purchase and sale of natural gas, including quantities, prices, hedge settlements, and costs. It separates data by generation units and includes financial metrics such as net margin, inventory changes, and forecasts for current and future periods.
Q-8 FUEL OIL DETAIL REPORT ( Confidential ) - Quantities purchased and cost of purchases - Quantity forecasted to be purchased for next calendar year. - Cost of purchases including hedges - Quantity consumed to generate electricity - Cost...
AI summary The Q-8 Fuel Oil Detail Report provides detailed information on fuel oil purchases, costs, forecasts, consumption, inventory changes, and associated costs, covering current and forecasted periods.
Q-10 HISTORICAL FUEL COST GRAPH SUMMARY ( Confidential ) - Quarterly Five Year Summary of Fuel costs per MWh (Solid Fuel, Natural Gas, HFO, Diesel) - Monthly Three Year Summary of natural gas, HFO, and LFO prices - Monthly Three Year Summa...
AI summary The document provides a summary of historical fuel costs and related data over various timeframes, including quarterly and monthly summaries of fuel costs, prices, volumes, resale margins, and revenue, as well as a five-year summary of annual generation by fuel type.
( Confidential and Non-Confidential Versions ) - Cumulative quarterly mercury capture costs by each generating plant - Type and amount of sorbent used (oxidizing agent and absorbent) for each generating unit - Fuel and fuel mix by each gen...
AI summary The document outlines key details related to mercury capture costs, sorbent usage, fuel mix, emissions tracking, and technical challenges of mercury capture technology across generating plants.
Q-13 POWER GENERATION & FUEL REPORT ( Confidential ) - Report package referenced in the NSPI Fuel Manual. Report package includes details on net generation by type, solid fuel costs by type, heat rate by plant, natural gas sales, export sa...
AI summary The Q-13 Power Generation & Fuel Report provides detailed data on fuel usage, generation statistics, and costs for various power production stations in Nova Scotia. It includes monthly reports on fuel types, heat rates, and station-specific costs for multiple facilities.
A-3 FUEL COST SUMMARY ( Confidential ) - Fuel costs summary by type per MWh - Reporting periods include year to date, prior period year to date, forecast next year
AI summary This confidential fuel cost summary provides an overview of fuel costs by type per MWh, covering year-to-date, prior year-to-date, and forecasted next year data.
A-4 FUEL SPECIFICATIONS SUMMARY ( Non-Confidential ) Physical characteristics and chemical specification sheets for all fuels (HFO, Diesel, Mid Sulphur Coal, Low Sulphur Coal, Petroleum Coke, Natural Gas, Biomass)
AI summary This document provides a summary of fuel specifications, including physical characteristics and chemical details for various fuels such as HFO, Diesel, Mid Sulphur Coal, Low Sulphur Coal, Petroleum Coke, Natural Gas, and Biomass.
A-10 SUMMARY OF PROJECTED FUEL EXPENSE FOR THE NEXT 2 YEARS ( Confidential ) - Summary of Fuel Costs by Type ($Millions). Detail will be provided in standardized filing requirement for the next year and high level number for second year. -...
AI summary This section provides a summary of projected fuel expenses for the next two years, including details on fuel costs by type, output from the Strategist model, and various reports on fuel costs, generation statistics, and heat rates for multiple power stations in Nova Scotia.
( Confidential and Non-Confidential Versions ) - A-13a Cumulative quarterly mercury capture costs by each generating plant (non-confidential) - A-13a Type and amount of sorbent used (oxidizing agent and absorbent) for each generating unit...
AI summary The document outlines various aspects of mercury capture costs, fuel mix, and emissions tracking at generating plants, including technical challenges and sorbent usage, with some information marked as confidential.
Nova Scotia Power Inc. Annual FAM Reporting Year [20XX] CONFIDENTIAL
AI summary The document is a confidential annual FAM (Fuel Adjustment Mechanism) report from Nova Scotia Power Inc. for the year 20XX. It includes a page reference and an image placeholder, but no specific content details are provided in the text.
[Year] Annual FAM Report Table of Contents Description Section Page C/NC Organization Chart – Fuels A-1 NC Generation Unit Summary A-2 NC Fuel Cost Summary per MWh A-3 С Fuel Specifications Summary HFO Diesel Mid-Sulphur Coal Low-Sulphur C...
AI summary The document outlines the structure of the Annual FAM Report, including sections such as fuel cost summaries, generation unit details, and plant performance metrics. It provides an overview of the report's contents, including pages and categories marked as either 'C' or 'NC'.
NS Power FAM Plan of Administration and Appendices Page 96 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 96 of 276 No Sc t ia Po Inc va o we r An l F A M Re ing t nu a p or [ ] Ye 2 0 X X ar ( ) NS PI FA M A-1 NO N C ON FID EN TIA...
AI summary The document presents a summary of generation units operated by NS Power, including their capacity, in-service years, fuel types, and energy output. It lists various coal, oil, natural gas, and biomass-powered units, as well as a wind generation unit and a hydro system.
NS Power FAM Plan of Administration and Appendices Page 97 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 97 of 276 NSPI (FAM) A-2
AI summary This document is a page from the NS Power FAM Plan of Administration and Appendices, specifically page 97 of 276, which is part of the 2026-2027 GRA OE-01R Attachment 1. It includes the section titled 'NSPI (FAM) A-2'.
Fuel Cost Summary - per MWh l for Ge atio ic L oad ( $M) Fue Dom est ner n - $26 $27 $23 So lid F uel 1.3 3.8 l Ga $61 $79 $41 Na tura .6 .2 s $20 $24 $24 Bi .0 .5 om ass Bu nke r C $34 $18 $11 .9 .0 $2. $4. $2. Fu 9 3 rna ce Di l $2. 8 $2...
AI summary The document provides a detailed breakdown of fuel costs per MWh, categorized by different fuel types and associated expenses. It includes figures for various fuel sources, adjustments, and total costs, reflecting the financial aspects of fuel management.
Fuel Specifications Summary - HFO Property Requirement ASTM Test Gravity, 0 API- Apr 1 to Dec 31 Gravity, 0 API- Jan 1 to Mar 31 min. 9.0 min. 9.5 D1298 D1298 Saybolt Viscosity, Furol @ 50 °C min. 150 max. 300 D445, D2161 Flash Point, OC (...
AI summary The document outlines fuel specifications for Heavy Fuel Oil (HFO), including minimum and maximum requirements for properties such as API gravity, viscosity, flash point, sulphur content, and others, along with corresponding ASTM test methods. It also references a page from the NS Power FAM Plan of Administration and Appendices.
Fuel Specifications Summary - Diesel Nova Scotia Power Combustion Turbine Delivered Dec-Feb 28th Product Specifications Property MIN/MAX ASTM Test Method Appearance Clear and Bright Visual Density, Kg/M3 0.850 D1298 Distillation 90% Recove...
AI summary The document outlines fuel specifications for diesel used by Nova Scotia Power in combustion turbines, including properties such as density, viscosity, sulfur content, and trace metals. It also references a redacted section of the NS Power FAM Plan of Administration and Appendices.
NSPI (FAM) A-4
AI summary The document is labeled as 'NSPI (FAM) A-4', indicating it is a filing or submission related to Nova Scotia Power's (NSPI) Fuel Adjustment Mechanism (FAM). However, no further details or discussion about the content of the filing are provided in the text.
NSPI (FAM) A-4
AI summary The document refers to a Fuel Adjustment Mechanism (FAM) filing by NSPI, indicating a regulatory proceeding related to fuel costs.
Fuel Specifications Summary - Mid Sulphur Coal Properties (As Received Basis) Typical Minimum Maximum Applicable ASTM Standard Moisture 7% - 12% D3302 Free Moisture - - 3% D3302 Ash 7% - 12% D3172 Sulphur - - 3.0% D3177 Volatile Matter 35%...
AI summary This document provides a summary of fuel specifications for mid-sulphur coal, including properties such as moisture, ash, sulphur, and calorific value, along with applicable ASTM standards. It also references a page from the NS Power FAM Plan of Administration.
NSPI (FAM) A-4
AI summary The document refers to a Fuel Adjustment Mechanism (FAM) filing by NSPI, indicating a regulatory proceeding related to fuel costs and their adjustment in Nova Scotia.
Fuel Specifications Summary - Low Sulphur Coal Properties (As Received Basis) Typical Minimum Maximum Applicable ASTM Standard Moisture 7% - 9% D3302 Free Moisture - - 3% D3302 Ash 7% - 9% D3172 Sulphur 0.65% - 1.10% D3177 Volatile Matter...
AI summary This document outlines the fuel specifications for low sulphur coal, including properties such as moisture, ash, sulphur, and calorific value, along with applicable ASTM standards. Penalties or premiums may be negotiated for specific parameters with successful bidders.
NS Power FAM Plan of Administration and Appendices Page 103 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 103 of 276 NSPI (FAM) A-4
AI summary The document refers to the NS Power FAM Plan of Administration and Appendices, specifically Page 103 of a 276-page document titled '2026-2027 GRA OE-01R Attachment 1'. It includes a section labeled 'NSPI (FAM) A-4'.
Fuel Specifications Summary - Petroleum Coke 190 0 110 0 p pm Penalties/Premiums may be negotiated for Calorific Value, Sulphur, and Moisture with successful bidders
AI summary The document outlines fuel specifications for petroleum coke, including potential penalties or premiums for Calorific Value, Sulphur, and Moisture negotiated with successful bidders.
NS Power FAM Plan of Administration and Appendices Page 104 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 104 of 276 NSPI (FAM) A-4
AI summary The document presents a section of the NS Power FAM Plan of Administration, specifically Appendix A-4, which is part of a larger 276-page document related to the 2026-2027 GRA OE-01R Attachment 1. The content is currently redacted and does not provide specific details.
Total Heating Value - (a) Natural gas received or delivered hereunder shall have a Total Heating Value below 36 MJ/m3 or above 41 MJ/m3. - (b) The Total Heating Value shall be determined by gas chromatographic analysis using most recent AG...
AI summary The document outlines the Total Heating Value (THV) requirements for natural gas, specifying acceptable ranges and methods for determination, including gas chromatographic analysis and mutual agreement between Customer and Pipeline.
Composition - (a) Merchantability. The gas shall be commercially free, under continuous gas flow conditions, from objectionable odors (except those required by applicable regulations), solid matter, dust, gums, and gum-forming constituents...
AI summary The text outlines the specifications for the quality and composition of gas, including limits on odor, oxygen, non-hydrocarbon gases, liquids, hydrogen sulphide, sulphur, temperature, water vapor, liquefiable hydrocarbons, and microbiological agents. Specific standards and testing methods are provided.
NS Power FAM Plan of Administration and Appendices Page 105 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 105 of 276 NSPI (FAM) A-4
AI summary The document references the Fuel Adjustment Mechanism (FAM) Plan of Administration and Appendices for NS Power, specifically page 105 of a 276-page document labeled as GRA OE-01R Attachment 1. The content is partially redacted and appears to be part of a regulatory proceeding related to fuel cost adjustments.
NS Power FAM Plan of Administration and Appendices Page 106 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 106 of 276 NSPI (FAM) A-4 NSPI (FAM) A-5
AI summary The text includes references to NSPI (FAM) A-4 and NSPI (FAM) A-5, which are likely appendices or sections of the Fuel Adjustment Mechanism (FAM) Plan of Administration. These sections are part of a larger document related to the 2026-2027 GRA OE-01R and are page 106 of 276.
\ [Year][Source] presented to SWG in [Month Year] of $XXX M (1) This value represents the combined capacity factor for Tufts Cv Unit 4, 5, and 6 NSPI (FAM) A-6
AI summary The document references a combined capacity factor for Tufts Cv Unit 4, 5, and 6, and mentions NSPI (FAM) A-6, indicating a fuel adjustment mechanism related to Nova Scotia Power.
NSPI (FAM) A-6
AI summary The document refers to a Fuel Adjustment Mechanism (FAM) filing by NSPI, which is related to Nova Scotia Power's operations and energy cost adjustments.
Plant Performance Av aila b ility Fa cto r Q1 Q2 Q3 Q4 An al nu Ac l tua Ye ar Bu dg et Pri or Ye ar Pla nt Lin Un it 1 g an Lin Un it 2 g an Lin Un it 3 g an Lin Un it 4 g an Tu fts Cv Un it 1 Tu fts Cv Un it 2 Tu fts Cv Un it 3 ( ) Tu ft...
AI summary This section presents a table related to plant availability factors across different quarters and years, but lacks specific data or analysis. It also references a document labeled 'NSPI (FAM) A-6', which may pertain to fuel adjustment mechanisms.
\ [Year][Source] presented to SWG in [Month Year] of $XXX M O D A F R Q 1 Q 2 Q 3 Q 4 An l nu a Ac l tua An l nu a Bu dg et Pr ior Ye ar P lan t L ing Un it 1 an L ing Un it 2 an ing it L Un 3 an L ing Un it 4 an fts Cv it Tu Un 1 Tu fts C...
AI summary A document titled 'NSPI (FAM) A-6' is presented to SWG in [Month Year] of $XXX M. The document contains a table with various units, plants, and technical terms related to fuel adjustment mechanisms, but lacks detailed content or discussion of specific themes.
Plant Performance Unit Forced Outage & Management Response Unit forced outages are investigated for root cause. Maintenance is completed to return the unit to service promptly and allow the unit to operate to the next scheduled outage. Mai...
AI summary The document discusses the investigation and management of unit forced outages at Nova Scotia Power Inc., emphasizing root cause analysis, maintenance procedures, and the application of findings to similar equipment. It references the Fuel Adjustment Mechanism (FAM) reporting for the year 20XX.
Commentary: NSPI monitors various indicators throughout the year as the Thermal Maintenance Shutdown Schedule unfolds and adjusts the Schedule appropriately in response to changing conditions. The key indicators that NSPI monitors include:...
AI summary NSPI monitors key indicators such as fuel pricing, energy sales, safety and cost risks, and resource availability during the Thermal Maintenance Shutdown Schedule. Various internal groups collaborate to adjust the schedule and reduce outage costs based on changing conditions.
Plant Maintenance 2016 Plant Maintenance Schedule Plan - Budget Commentary: NSPI monitors various indicators throughout the year as the Thermal Maintenance Shutdown Schedule unfolds and adjusts the Schedule appropriately in response to cha...
AI summary NSPI monitors key indicators such as fuel pricing, energy sales, safety and cost risks, and resource availability to adjust its 2016 Plant Maintenance Schedule Plan and reduce outage costs. Various NSPI groups collaborate to make coordinated decisions.
Plant Maintenance OM &G d C ital Sp end ing an ap ual Act Yea r ual Act Yea r -1 ual Act Yea r -2 ual Act Yea r -3 ual Act Yea r -4 ual Act Yea r -5 ual Act Yea r -6 ual Act Yea r -7 Bud t ge Yea r Bud t ge Yea r +1 OM &G Ex by Op ting Gr...
AI summary The text outlines capital spending and operational expenditures for various power plants and infrastructure, including details related to the Fuel Adjustment Mechanism (FAM) plan. It includes tables showing financial data across multiple years and mentions NS Power's FAM Plan of Administration.
NSPI (FAM) A-7 Nova Scotia Power Inc.Annual FAM Reporting NON CONFIDENTIAL Year [20XX] Plant Maintenance Major Projects - [Year] Project Station NS Power FAM Plan of Administration and Appendices Page 120 of 276REDACTED 2026-2027 GRA OE-01...
AI summary This document outlines the Annual Fuel Adjustment Mechanism (FAM) reporting for Nova Scotia Power Inc. (NSPI) for the year [20XX], focusing on Plant Maintenance and Major Projects for the year [Year +1]. It includes sections such as the Plan of Administration and Appendices, and references a REDACTED attachment related to the 2026-2027 GRA OE-01R.
NS Power FAM Plan of Administration and Appendices Page 121 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 121 of 276 NSPI (FAM) A-8 \ \ [ Year +1] Budget reflects the [Source] filing of $XXX M. NSPI (FAM) A-9
AI summary The document outlines the NS Power FAM Plan of Administration for 2026-2027, including budget figures based on a filing from a source, though specific details are redacted.
Fuel Summary by Type NSPI (FAM) A-10a CONFIDENTIAL
AI summary The document is a confidential fuel summary by type for Nova Scotia Power, likely related to the Fuel Adjustment Mechanism (FAM). It includes details on fuel types such as Heavy Fuel Oil (HFO) and may involve regulatory considerations for fuel costs.
NOVA SCOTIA POWERPeriod: MONTH-Year $CADSubmitted: Date JAN -16 Fore cast FEB -16 Fore cast MAR -16 Fore cast APR -16 Fore cast MAY -16 Fore cast JUN -16 Fore cast JUL- 16 Fore cast AUG -16 Fore cast SEP- 16 Fore cast OCT -16 Fore cast NOV...
AI summary The document presents a table with forecasts for fuel and purchased power costs for Nova Scotia Power across various months, including domestic load on solid fuel, natural gas, biomass, bunker C, furnace diesel, and additives. The table includes fuel cost per MWh for different energy sources and total fuel and purchased power costs.
Net Generation by Fuel Type NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date JAN-16 Forecast FEB-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Lingan Solid Fuel HFO HFO Tufts C...
AI summary The document presents a table titled 'Net Generation by Fuel Type' for Nova Scotia Power, listing various power generation sources such as HFO, Natural Gas, and Biomass, along with associated terms like COMFIT and FAM. It includes forecasts for different months and fuel types, and references a submission by NSPI (FAM) A-10c.
Power Production Thermal Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date FER-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Tonnes MMBTU Costs $ per Tonne $...
AI summary The document provides a detailed breakdown of fuel costs for Nova Scotia Power's thermal stations, including various fuels such as natural gas, biomass, bunker C, diesel, and furnace fuel, along with their respective costs, consumption, and adjustments. This data is used for forecasting and financial reporting purposes.
FX Adj on Costs FX Adj'd Cost(Benefit) Other Costs MTM on H FO a nd N atura l Gas Total Othe r Cos ts Total Fuel & PP Gas L New page oss Total Fuel and Purc hased Po Power Production Solid Fuel Costs by Supplier NSPI (FAM) A-10d
AI summary The document presents a table related to fuel adjustment mechanisms and costs, specifically focusing on solid fuel costs by supplier for NSPI (FAM) A-10d. It includes categories such as FX Adj on Costs, FX Adj'd Cost(Benefit), and Other Costs, but lacks detailed data or analysis.
CONFIDENTIAL JAN -16 FEB -16 MAR -16 APR -16 MAY -16 JUN -16 JUL- 16 AUG -16 SEP- 16 OCT -16 NOV -16 DEC -16 Total Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore cast Fore...
AI summary The text presents a table with forecasted data for import tonne costs and other fuel-related metrics across various months, along with a reference to a Nova Scotia Power document related to the Fuel Adjustment Mechanism (FAM).
Power Production Heat Rate Report NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date FER-16 MAR-16 MAY-16 SEP-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Net Generation by Plant (MW L...
AI summary The document is a Power Production Heat Rate Report submitted by Nova Scotia Power for a specific period, detailing net generation, fuel consumption, heat rate, and fuel cost by plant. It includes data on various power generation facilities and references the Fuel Adjustment Mechanism (FAM).
Natural Gas Report NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date JUL-16 Forecast OCT-16 Forecast JAN-16 Forecast FEB-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Sales ($$) Revenue Revenue-...
AI summary The document provides a Natural Gas Report for Nova Scotia Power, including forecasts for sales, revenue, gas margin, and cost of sales, with specific attention to the Fuel Adjustment Mechanism (FAM) and financial adjustments related to natural gas.
Export Sales Report - Monthly Forecast NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date APR-16 Forecast JUL-16 Forecast OCT-16 Forecast JAN-16 Forecast FEB-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Sales (Bil...
AI summary This document presents a monthly forecast for export sales by Nova Scotia Power, including various energy sources and associated costs such as Heavy Fuel Oil, Natural Gas, and Purchased Power, with a focus on financial metrics like Net Margin on Exports.
Lingan Monthly Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date Cost Centre=LIN (Linga FER-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Tonnes MMBT...
AI summary The document provides a detailed breakdown of monthly fuel costs for the Lingan Station operated by Nova Scotia Power, including costs for natural gas, biomass, Green MT, Bunker C, diesel, and furnace fuel, along with associated metrics such as MMBTU, tonnes, and costs per unit.
Pt. Aconi Monthly Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date Cost Centre=PTA (Point Aconi FER-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Tonnes MMBT...
AI summary The document provides a detailed breakdown of monthly fuel costs at the Pt. Aconi station operated by Nova Scotia Power, including costs for natural gas, biomass, bunker C diesel, and other fuels, along with financial adjustments and total costs.
Trenton 5 Monthly Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date APR-16 MAY-16 NOV-16 DEC-16 Total Forecast Forecast
AI summary The document presents monthly fuel cost data for the Trenton 5 Station operated by Nova Scotia Power, covering the period from April to December 2016. It includes forecasted figures and is submitted for regulatory review.
Trenton 5 Solid Fuel Costs by Supplier NSPI (FAM) A-10r NOVA SCOTIA POWERPeriod: MONTH-Year $CADSubmitted: Date Import Tonnes Costs Domestic Tonnes Costs Pet Coke Tonnes Costs Other Tonnes Costs Tonnes MMBTU Costs $ per Tonne $ per MMBTU B...
AI summary The document presents a table outlining the costs of solid fuel by supplier for Nova Scotia Power during various months in 2016, including data on import, domestic, pet coke, and other fuel types, along with their respective costs and blend percentages.
NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date NSPI (FAM) A-10s CONFIDENTIAL JAN-16 FEB-16 MAR-16 APR-16 MAY-16 JUN-16 JUL-16 AUG-16 SEP-16 OCT-16 NOV-16 DEC-16 Total Forecast Forecast Forecast Forecast Forecast Forecast Forecas...
AI summary The document presents a table with forecasted data on fuel costs for various types, including solid fuel, bunker C, and furnace fuel, across multiple months in 2016. It includes metrics such as tonnes, barrels, gallons, MMBTU, and associated costs per unit. The table is part of a submission by Nova Scotia Power related to fuel costs and generation by fuel type.
Pt. Tupper Monthly Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date Cost Centre=PTU (Point Tupper) FEB-16 Forecast MAR-16 Forecast APR-16 Forecast MAY-16 Forecast JUN-16 Forecast JUL-16 Forecast SEP-16 Forecast...
AI summary The document presents a forecast of fuel costs for the Pt. Tupper station operated by Nova Scotia Power for various months in 2016, including details on different fuel types, costs per unit, and adjustments related to foreign exchange.
NS Power FAM Plan of Administration and Appendices Page 150 of 276REDACTED 2026-2027 GRA OE-01R Attachment 1 Page 150 of 276 FO a l Gas MTM on H nd N atura Tota l Oth er Co sts Tota l Fue l & P P New Gas Loss page Tota l Fue l and Purc has...
AI summary The document includes a table and a section titled 'Pt. Tupper Solid Fuel Costs by Supplier NSPI (FAM) A-10w' which appears to be related to fuel costs for solid fuel suppliers under the FAM Plan of Administration for NS Power. The table contains partially redacted data, likely related to fuel and purchased power costs.
NSPI (FAM) A-10z CONFIDENTIAL JAN -16 Fore cast FEB -16 Fore cast MAR -16 Fore cast APR -16 Fore cast MAY -16 Fore cast JUN -16 Fore cast JUL -16 Fore cast AUG -16 Fore cast SEP -16 Fore cast OCT -16 Fore cast NOV -16 Fore cast DEC -16 For...
AI summary The document presents a table with forecasted data for various fuel types, including solid fuel, natural gas, bunker C, furnace/diesel, and all fuels, detailing metrics such as tons, MMBTU, costs, and cost per unit. The data spans from January to December 2016 and includes costs with and without hedges.
Combustion Turbines Thermal Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date Cost Centre=CTS (Combustion Turbin FER-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Tonn...
AI summary The text presents a detailed table of fuel costs for the Combustion Turbines Thermal Station operated by Nova Scotia Power, including data on natural gas, biomass, and other fuels, along with associated costs and adjustments.
Port Hawkesbury Biomass Station Fuel Costs NOVA SCOTIA POWER Period: MONTH-Year $CAD Submitted: Date FEB-16 MAR-16 Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Solid Fuel Tonnes MMBTU C...
AI summary The text presents a table with data related to fuel costs at the Port Hawkesbury Biomass Station, including metrics for solid fuel, natural gas, and other fuels, along with their respective costs and energy outputs.
Port Hawkesbury Biomass Solid Fuel Costs by Supplier NSPI (FAM) A-10ac NOVA SCOTIA POWERPeriod: MONTH-Year $CADSubmitted: Date
AI summary This document provides a summary of biomass solid fuel costs by supplier for Nova Scotia Power Inc. in a specific period, submitted on a given date.
Summary of [Year +1] Projected Fuel Expense - Plexos Output NS PI Mea sure Out put TU PPE R 2 CA PAC ITY FAC TOR CAP ACI TY AVG HR MBT U/M WH GEN ERA TIO N FUE L BU RN MW M Btu/ MW h GW h MBt u TR ENT ON 5 CA PAC ITY FAC TOR CAP ACI TY AVG...
AI summary The document presents a summary of [Year +1] projected fuel expense based on Plexos output. It includes various capacity factors, average hours, and fuel burn metrics for different generators, such as TU PPE, TR ENT, and TC, with units in MW, MBtu, and GW.
Summary of [Year +1]Projected Fuel Expense - Details of Solid Fuel Costs Plant Fuel Type C pening Inventor ry Deliveries Weighted Average Cost ' Ocean Land Qty MT Heat Content MMBtu/ MT Price Qty MT Commodity Qty MT Freight Qty MT Transpor...
AI summary The document provides a summary of projected fuel expenses for the upcoming year, focusing on solid fuel costs. It includes a detailed table outlining various plants, fuel types, quantities, heat content, and weighted average costs, though specific data points are not fully populated.
NSPI is projecting fuel and purchased power expense in the range of $XXX M for [Year +1] which is based on the [Year, BCF/GRA Source] filing.
AI summary NSPI is projecting fuel and purchased power expenses for [Year +1] at approximately [XXX M], based on the [Year, BCF/GRA Source] filing.
~ Year To Date ~ 7007702 Juic Capture Fuel Mix Туре Quantity Costs [$M] $/MWh Generating Plant Lingan Unit 1 LS/MS/PC Powder Activated Carbon Kg Lingan Unit 2 LS/MS/PC Powder Activated Carbon Kg Lingan Unit 3 LS/MS/PC Powder Activated Carb...
AI summary The table lists mercury sorbent costs for various generating plants in Nova Scotia, including both Powder Activated Carbon (PAC) and Calcium Chloride, with quantities measured in kilograms and liters respectively.
Nova Scotia Power Inc. NSPI (FAM) M-1 Monthly FAM Reporting NON-CONFIDENTIAL Summary of Fuel Costs For the Period Ended Month, Day, Year (millions of dollars) Current Month Year-to-Date 2022 Q3F Full Year % of Budget Actual Forecast Budget...
AI summary The document provides a summary of fuel costs for Nova Scotia Power Inc. (NSPI) for a specific reporting period, including various categories such as domestic load fuel, import purchases, and fuel for resale. It also includes financial adjustments and total system requirements in GWh.
Base Fuel Component (BCF) Actual Budget (Over)/Under‐recovered Prior to Current Month (Over)/Under‐recovered in Current Month Balance Yet to be Recovered (Over)/Under‐recovery‐ Remainder of the Year Interest on BCF Balance
AI summary The document presents a summary of the Base Fuel Component (BCF) actual budget, including over/under-recovered amounts prior to and in the current month, the balance yet to be recovered, and interest on the BCF balance for the remainder of the year.
The highlighted rows reference the XXX budget filed with the Board on Month Day, Year. Nova Scotia Power Inc. NSPI (FAM) M‐4 Monthly FAM Reporting NON CONFIDENTIAL Fuel Policies and Organizational Changes For the Period Ended Month, Day, Y...
AI summary The document references the XXX budget filed by Nova Scotia Power Inc. with the Board, highlighting updates to fuel policies, organizational changes, and the Fuel Manual. It includes monthly FAM reporting and POA updates for the period ended Month, Day, Year.
Nova Scotia Power Inc. NSPI (FAM) M-6 Monthly FAM Reporting PARTIALLY CONFIDENTIAL Volume and Pricing Summary For the Period Ended Month, Date, Year Current Month Year-to-Date 2022 Budget Actual Budget % Change Actual Budget Budget Solid F...
AI summary The document provides a summary of fuel consumption costs and pricing for Nova Scotia Power Inc. (NSPI) for a specific month and year-to-date, including data for solid fuel, natural gas, biomass, bunker, light fuel oil, imports, and IPP purchases. The FAM Budget reflects the Year BCF Compliance filing of $XXXM.
Consumption cost totals above are at the forecast effective USD rate for the year. These figures do not include the impact of monthly foreign exchange rate variations that are reflected in Summary of Fuel Costs (Report M-1). (1) Includes i...
AI summary The text discusses consumption cost totals based on a forecast effective USD rate, excluding monthly foreign exchange rate variations. It references a report (M-1) and includes notes about commodity hedge settlements and make-up energy.
Nova Scotia Power Inc. NSPI (FAM) M-7 Monthly FAM Reporting NON CONFIDENTIAL Volume and Pricing Summary For the Period Ended Month, Day, Year Category Variance from Budget Details Total Fuel and Purchased Power Expense Total System Require...
AI summary The document presents a summary of Nova Scotia Power Inc.'s monthly FAM reporting, including variance from budget and forecast for fuel and purchased power expenses, as well as details on revenue and accruals related to the ELIADC Tariff.
Summary of Solid Fuel Portfolio Status (in thousands of metric tonnes) Product Supplier 2016 2017 2018 2019 2020 Low Sulphur Positions Required (tonnes) LS Supplier LS Supplier LS Supplier LS Supplier LS Supplier LS Supplier LS Supplier LS...
AI summary The document presents a summary of the Solid Fuel Portfolio Status, including data on low, mid, and high sulfur positions, domestic fuel positions, and petroleum coke positions from 2016 to 2020. It outlines contracted and open positions for various suppliers and transportation methods, noting discrepancies due to recognition timing differences.
Nova Scotia Power Inc. Quarterly FAM Reporting As at [Month Day, Year] NSPI (FAM) Q-1a CONFIDENTIAL
AI summary This document outlines Nova Scotia Power Inc.'s quarterly Fuel Adjustment Mechanism (FAM) reporting as of a specific date, indicating the confidential nature of the report.
Solid Fuel Portfolio Updates Supplier Mine Source Contract Date Update From Last Quarter: New Agreement New Contract Year and Term Low Sulphur 2016 2017 2018 2019 2020 New Commitment or Change Execution Date (Short, Mid or Long) Supplier S...
AI summary The document provides an overview of updates to the solid fuel portfolio, including supplier details, mine sources, contract dates, and changes in commitments. It lists various suppliers and their fuel sources, along with contract years and terms, including short-term contracts.
Mid-term Contract Long-term Contract Nova Scotia Power Inc. NSPI (FAM) Q-2 Quarterly FAM Reporting NON-CONFIDENTIAL As at [Month Day, Year]
AI summary The document outlines quarterly reporting related to the Fuel Adjustment Mechanism (FAM) for Nova Scotia Power Inc. (NSPI), including both mid-term and long-term contracts. The report is non-confidential and dated as of [Month Day, Year].
Foreign Currency Exchange Program 2016 2017 2018 2019 2020 $US Dollar ($Millions) Hedged - $ Open - $ Total Requirement Hedged - $ Rate Open - $ Forecasted Rate Total - $ Blended Rate Hedge % Open % Foreign Currency Exchange Program - New...
AI summary The text presents tables related to the Foreign Currency Exchange Program, including hedged and open USD amounts, rates, and hedge percentages for various years. It also references a redacted section of the NS Power FAM Plan of Administration and Appendices, specifically page 191 of 276, related to the 2026-2027 GRA OE-01R attachment.
Solid Fuel Inventory Nova Scotia Power Inc. NSPI (FAM) Q-6 Quarterly FAM Reporting NON-CONFIDENTIAL As at [Month Day, Year]
AI summary The document presents quarterly reporting on the Solid Fuel Inventory for Nova Scotia Power Inc. under the Fuel Adjustment Mechanism (FAM), with figures and data as of a specific date.
Generation and Purchased Power Statistics Q1 Q2 Q3 Q4 Actual Budget Actual Budget Actual Budget Actual Budget Current period Year-to-date Prior period Year-to-date Budget Year-to-date Net Generation (MWh) Lingan Unit #1 Gross Station Servi...
AI summary The text presents a table outlining generation and purchased power statistics for various units and locations, including actual and budget figures for each quarter. It also references the Fuel Adjustment Mechanism (FAM) reporting, which is non-confidential and dated.
Nova Scotia Power Inc. NSPI (FAM) Q-6
AI summary The document references Nova Scotia Power Inc. (NSPI) and the Fuel Adjustment Mechanism (FAM) in the context of a regulatory proceeding, likely related to rate or cost adjustments.
\ 2016 BCF Compliance Budget \ \ Includes losses for all customer classes, with the exception of Export Sales. Nova Scotia Power Inc. NSPI (FAM) Q-7 Quarterly FAM Reporting CONFIDENTIAL As at [Month Day, Year]
AI summary This document is a quarterly FAM (Fuel Adjustment Mechanism) reporting submission by Nova Scotia Power Inc. (NSPI) for the BCF Compliance Budget as of a specific date, including losses for all customer classes except Export Sales.
Gas Consumed Gas Burn TUC1-3 (mmbtu) Gas Burn TUC4-6 (mmbtu) Gas Burn PHB (mmbtu) Cost of gas consumed (excluding hedges) ($M) Settlement of hedges (gain) loss ($M)
AI summary The document provides a breakdown of gas consumption and related costs, including gas burn across different segments and the settlement of hedges. Key metrics include gas burn in various units and the financial impact of hedging activities.
Gas Resale Gas sold - mmbtu Revenue (excluding hedges) ($M) Settlement of hedges (gain) loss ($M) Cost of gas resold (excluding hedges) ($M) Net Margin ($M)
AI summary The text presents a summary of gas resale activities, including revenue, hedge settlements, cost of gas resold, and net margin, in monetary units of millions of dollars.
Ending inventory Gas inventory - mmbtu Cost of inventory ($M) Figures presented are rounded to one decimal place which may cause $0.1M in rounding differences on some line items Budget Figures are from [BCF/GRA Source] Nova Scotia Power In...
AI summary The document presents gas inventory and cost of inventory figures for Nova Scotia Power Inc. (NSPI) under the Fuel Adjustment Mechanism (FAM) as part of quarterly reporting. The figures are rounded to one decimal place, potentially leading to minor rounding differences.
Heavy Fuel Oil Details Current Quarter Current Quarter Rest of Year Year+1 Actual Budget Year-to-date Budget Forecast Purchases
AI summary The section provides a table structure for tracking Heavy Fuel Oil purchases, including actuals, budgets, and forecasts across different time periods. However, no specific data or analysis is provided in the text.
Consumption HFO consumed (Barrels) Cost of fuel consumed (excluding hedges) ($M) Settlement of hedges (gain) loss ($M)
AI summary The text provides a table header indicating the consumption of HFO (Heavy Fuel Oil) in barrels, the cost of fuel consumed (excluding hedges) in millions of dollars, and the settlement of hedges (gain or loss) in millions of dollars.
Furnace Oil Details Furnace Oil Details Current Quarter Actual Current Quarter Budget Year-to-date Rest of Year Budget Year+1 Forecast Purchases Purchase quantities (Gallons) Cost of purchases ($M) Consumption Furnace Oil consumed (Gallons...
AI summary This section provides a table outlining furnace oil and diesel details, including purchases, consumption, and ending inventory for the current quarter, year-to-date, and forecast periods. The document is labeled as confidential and relates to Nova Scotia Power Inc.'s quarterly Fuel Adjustment Mechanism (FAM) reporting.
Import Power & Exports Quarterly Volume (MWh) Weighted Average Price 0 N/A 0 N/A 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 \ Includes impact of Hedging, sale of Renewable Energy Credits, and Foreign Exchange.
AI summary The document provides a table showing quarterly import power volume and weighted average prices, with all values set to zero except for one entry with a price of $0.00. A footnote indicates that the data includes the impact of hedging, sale of Renewable Energy Credits, and foreign exchange.
Fuel Costs per MWh Data points represented as blank reflect values outside of the graph range or station service skewing the $/MWh due to minimal generation. Fuel costs include the effect of hedges. Quarterly FAM Reporting CONFIDENTIAL As...
AI summary The document discusses fuel costs per MWh, noting that data points outside the graph range or affected by station service are marked as blank. Fuel costs include the effect of hedges, and there is a mention of quarterly FAM reporting marked as confidential.
Fuel Costs per MMBtu Actual vs. Budget Data points represented as blank reflect values outside of the graph range. Fuel costs include the effect of hedges. Nova Scotia Power Inc. NSPI (FAM) Q-10 Quarterly FAM Reporting CONFIDENTIAL As at [...
AI summary The document presents a comparison of actual versus budgeted fuel costs per MMBtu, including the impact of hedges. It references the Fuel Adjustment Mechanism (FAM) and is prepared by Nova Scotia Power Inc. (NSPI) for quarterly reporting purposes.
Natural Gas Sales Program Natural gas margin is calculated using an average cost of natural gas for the month. As at [Month Day, Year] Solid Fuel Program Nova Scotia Power Inc.Quarterly FAM Reporting NON-CONFIDENTIAL Month, Date, Year NSPI...
AI summary The document discusses the Natural Gas Sales Program and the Solid Fuel Program, including figures and quarterly FAM (Fuel Adjustment Mechanism) reporting by Nova Scotia Power Inc. (NSPI). The Natural Gas Sales Program calculates margin using an average cost of natural gas for the month.
Annual Generation by Fuel Type Nova Scotia Power Inc. NSPI (FAM) Q-11 Quarterly FAM Reporting CONFIDENTIAL As at [Month Day, Year] Thermal Plant Maintenance Schedule
AI summary The document includes a figure titled 'Annual Generation by Fuel Type' and a thermal plant maintenance schedule. It also mentions Nova Scotia Power Inc. (NSPI) and the Fuel Adjustment Mechanism (FAM), indicating that the content pertains to energy generation and maintenance reporting.
Mercury Sorbent Details (Including oxidizing agents) ~ Quarter ~ ~ Year To Date ~ Fuel Mix Type Quantity Costs [$] $/MWh Type Quantity Costs [$] $/MWh Generating Plant Lingan Unit 1 LS/MS/PC Powder Activated Carbon Kg Powder Activated Carb...
AI summary The text presents a table detailing mercury sorbent usage and costs across various generating plants in Nova Scotia, including quantities of Powder Activated Carbon and Calcium Chloride used, along with associated costs and emission levels. It includes quarterly and year-to-date data for each plant.
PC - Petcoke Nova Scotia Power Inc. NSPI (FAM) Q-13 Quarterly FAM Reporting PARTIALLY CONFIDENTIAL ELIADC Tariff Revenue For the Period Ended Month, Date, Year QTD Month $ QTD Month MWH ELIADC in Monthly FAM Report (reported on M1) Adjustm...
AI summary The text provides a table related to Nova Scotia Power Inc.'s Fuel Adjustment Mechanism (FAM) reporting, including ELIADC Tariff Revenue and various charges and adjustments for a specific period. It includes categories such as CBL Energy Charge, Variable Operating Charge, and Fixed Cost Recovery.
FUEL SUMMARY BY TYPE (FAM) Pe riod-to-date - > <- Y ear-to-date - > Full Year Prior YTD C urr/Prior YT Actual Forecast Variance Actual Forecast Variance Forecast Actual Variance Fuel & PP (Domestic Load Only) Solid Fuel -29,489,851.00 Natu...
AI summary The document presents a summary of fuel costs by type under the Fuel Adjustment Mechanism (FAM) for a specific period, including details on various fuel types, purchased power, and associated costs and recoveries. It highlights the net cost of fuel and purchased power, along with fuel cost per MWh, and notes that fuel costs are not adjusted for revenue from exports.
NOVA SCOTIA POWER Period: MONTH-Year Submitted: Date Pe riod-to-date - > <- Y ear-to-date - > Full Year Prior YTD C urr/Prior YT Actual Forecast Variance Actual Forecast Variance Forecast Actual Variance Net Generation (MWh) Lingan Solid F...
AI summary The document presents a table detailing Nova Scotia Power's generation and procurement data, including net generation by fuel type, purchases, and system requirements. It includes various power sources such as solid fuel, natural gas, HFO, and renewable energy. The table covers both period-to-date and year-to-date figures with forecasts and variances.
PP HEAT RATE REPORT (FAM) Q-13e CONFIDENTIAL
AI summary The document is a confidential Fuel Adjustment Mechanism (FAM) Heat Rate Report for Q-13e, likely related to Nova Scotia Power Inc.'s fuel cost adjustments and operational efficiency.
NOVA SCOTIA POWER Period: APR-16 Currency: CND Submitted: 08-MAY-16 12:03:27 Pe riod-to-date - > <- Y ear-to-date - > Full Year Prior YTD C urr/Prior YT Actual Forecast Variance Actual Forecast Variance Forecast Actual Variance Net Generat...
AI summary The document presents a detailed table of energy generation, fuel consumption, heat rates, and fuel costs for various plants operated by Nova Scotia Power during the period of April 2016. The data includes actual and forecast figures along with variances for different metrics.
GENERATION STATISTICS - MWh (FAM) Q-13h CONFIDENTIAL
AI summary The document titled 'GENERATION STATISTICS - MWh (FAM) Q-13h' is marked as confidential and contains information related to generation statistics under the Fuel Adjustment Mechanism (FAM). Specific details are not provided in the text.
GEN. STATS - RENEWABLES (FAM) Q-13h CONFIDENTIAL
AI summary The document is labeled as confidential and pertains to a question related to the Fuel Adjustment Mechanism (FAM) under the Renewable Energy section. No further details are provided in the text.
PP AVG THML LD MW/HR (FAM) Q-13j CONFIDENTIAL
AI summary The document is labeled as confidential and relates to the Fuel Adjustment Mechanism (FAM) under the heading PP AVG THML LD MW/HR Q-13j. It does not provide further details or discussion on the topic.
January 2023 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 2022 FAM AA/BA IR 2020-2021 FAM Repsonse filed by Audit NSP Reply NSP Report Intervenor Eviden...
AI summary The document outlines the schedule for the Fuel Adjustment Mechanism (FAM) proceeding in January 2023, including the submission of reports, evidence, and replies by various entities such as Nova Scotia Power Inc. (NSPI) and intervenors. Key activities include the filing of responses, audit reports, and monthly and quarterly FAM reports.
FUEL ADJUSTMENT: Effective: February 2, 2023 The applicable charges for electric service to the Company's retail and municipal customers shall be increased or decreased to the nearest 0.001 cents per kWh to recover or credit the difference...
AI summary The document outlines a fuel adjustment mechanism that adjusts electric service charges for retail and municipal customers based on the difference between actual fuel costs and base rate costs, effective February 2, 2023.
Where: "AA" is a rate class-specific Actual Adjustment which is the difference between fuel-related costs recovered from a rate class through the application of the base rates during the previous calendar year and the actual Fuel Costs inc...
AI summary The text defines 'AA' as a rate class-specific Actual Adjustment, representing the difference between fuel-related costs recovered through base rates and actual fuel costs incurred. It also introduces 'BA' as a Balance Adjustment, accounting for over- or under-collections from prior adjustments.
(1) Base Cost of Fuel The Base Cost of Fuel can be re-set in a General Rate Application or, absent a General Rate Application, every second year as part of the FAM adjustment process. Changes in the Base Cost of Fuel will be reflected in c...
AI summary The Base Cost of Fuel is adjustable through a General Rate Application or every second year via the FAM adjustment process. Adjustments impact customer rates and are applied according to the Board-approved Cost of Service Methodology.
(2) Incentive For a total fuel cost variance of up to $50 million dollars (Actual Fuel Costs - [(Actual Sales) x (Base Fuel Cost $/Mwh)] ), 90% of any savings or increase in cost will be credited or charged to customers. The portion of any...
AI summary The document outlines an incentive mechanism where 90% of fuel cost variances up to $50 million are credited or charged to customers, with excess variances applied to the 'AA' calculation. Credits or charges are applied to the energy component of rates on a cents per kWh basis.
(3) Load Migration to non-FAM classes When a customer transitions its load, whether in whole or in part, from a FAM class to a non-FAM class, NS Power shall determine the outstanding fuel cost imbalance of the customer at the time of trans...
AI summary When a customer moves its load from a FAM class to a non-FAM class, NS Power must calculate the outstanding fuel cost imbalance at the time of transition. Adjustments to this imbalance will be made in future FAM proceedings and require UARB approval. Payments or reimbursements will be made on terms acceptable to both parties or as determined by the UARB.
N-142026-2027 GRA OP 01-15 - Redacted
48 passages
Production volumes by fuel type and average fuel cost are summarized in the following table: For the Three months ended Six months ended GWh (except as indicated) June 30 June 30 2025 2024 2025 2024 Coal 641 464 2,068 1,583 Natural gas 284...
AI summary Production volumes by fuel type and average fuel cost are summarized in the table. Average fuel costs per MWh increased in Q2 2025 compared to Q2 2024 due to an unfavourable generation mix, including increased purchased power and solid fuel generation, and higher OBPS compliance costs. This was partially offset by lower natural gas generation and lower commodity prices.
Average fuel costs per MWh increased year-to-date 2025 compared to 2024 due to unfavourable generation mix driven by increased purchased power, increased generation from oil and solid fuel, and lower delivery of the NS Block due to prior p...
AI summary Average fuel costs per MWh increased in 2025 compared to 2024 due to an unfavourable generation mix, including increased purchased power, oil and solid fuel generation, and lower delivery of the NS Block. Increased OBPS compliance and Maritime Link assessment costs also contributed, though these were partially offset by decreased natural gas generation.
Highlights of the changes in fuel for generation and purchased power are summarized in the following table: For the Three months ended Six months ended millions of dollars June 30 June 30 Fuel for generation and purchased power –2024 $ 192...
AI summary The text summarizes changes in fuel for generation and purchased power for 2024 and 2025, including factors such as changes in generation mix, sales volumes, carbon tax, and commodity prices. It also references the FAM and FAM Regulatory Deferral.
NSPI has a NSEB approved FAM, allowing NSPI to recover fluctuating fuel and certain fuel-related costs from customers through annual fuel rate adjustments. Differences between prudently incurred fuel costs and amounts recovered from custom...
AI summary NSPI has a Fuel Adjustment Mechanism (FAM) approved by the NSEB, allowing it to recover fluctuating fuel costs from customers through annual rate adjustments. Differences in fuel costs are deferred as a regulatory asset or liability and recovered or returned in subsequent periods. The FAM Plan of Administration requires independent audits of NSPI's fuel costs.
2026-2027 GRA OP-01 Attachment 1 Page 8 of 13 REDACTED (CONFIDENTIAL INFORMATION REMOVED) On March 20, 2025, the hearing for the matter of the FAM audit results for fiscal 2022 and 2023 concluded. A decision is expected by the end of 2025....
AI summary The hearing for the FAM audit results for fiscal 2022 and 2023 concluded on March 20, 2025, with a decision expected by year-end. Details are in NSPI's unaudited financial statements note 4.
Significant changes in the Condensed Consolidated Balance Sheets between June 30, 2025 and December 31, 2024 include: millions of dollars Increase (Decrease) Explanation Assets Receivables, net $ 145 Increased due to timing of activity Inc...
AI summary The condensed consolidated balance sheets show significant changes between June 30, 2025, and December 31, 2024, including increases in receivables, income taxes receivable, and inventory, and decreases in derivative instruments and regulatory liabilities. These changes are attributed to factors such as timing of activity, clean technology investment tax credits, and capital investment.
The Company recognized the following net (losses) gains in income related to derivatives receiving regulatory deferral: Three months ended Six months ended For the June 30 June 30 millions of dollars 2025 2024 2025 2024 Fuel for generation...
AI summary The Company reported net losses and gains in income related to derivatives receiving regulatory deferral, particularly in the 'Fuel for generation and purchased power' category, with figures for the three and six months ended June 30, 2025 and 2024.
Nova Scotia Power Inc. Condensed Consolidated Statements of Income (Unaudited) For the Three months ended June 30 Six months ended June 30 millions of dollars 2025 2024 2025 2024 Operating revenues (note 3) $ 436 $ 423 $ 1,035 $ 977 Operat...
AI summary This document presents the condensed consolidated statements of income for Nova Scotia Power Inc. for the three and six months ended June 30, 2025, and 2024. It includes operating revenues, expenses, income from operations, and net income, with specific attention to the fuel adjustment mechanism and demand-side management costs.
As at June 30 December 31 millions of dollars 2025 2024 Regulatory assets Deferred income tax regulatory asset $ 974 $ 922 FAM (refer to table below) 35 - Deferrals related to derivative instruments 31 40 Hurricane Fiona 31 32 Cost of remo...
AI summary The table presents regulatory assets and liabilities for the periods ending June 30, 2025, and December 31, 2024, highlighting changes in deferred income tax, FAM, derivative instruments, and storm-related deferrals. Regulatory assets increased from $1,041 million to $1,107 million, while regulatory liabilities decreased from $100 million to $20 million.
Pursuant to the FAM Plan of Administration, NSPI's fuel costs are subject to an independent audit. On March 20, 2025, the hearing for the matter of the FAM audit results for fiscal 2022 and 2023 concluded. A decision is expected by the end...
AI summary NSPI's fuel costs are audited under the FAM Plan of Administration. The audit hearing for fiscal years 2022 and 2023 concluded on March 20, 2025, with a decision expected by the end of 2025.
The change in the FAM regulatory asset balances consisted of the following: June 30 December 31 millions of dollars 2025 2024 FAM regulatory (liability) asset – Balance January 1 $ (56) $ 395 Total under (over) recovery of current period f...
AI summary The change in the FAM regulatory asset balances is detailed, showing a shift from a liability to an asset, influenced by factors such as over-recovery of fuel costs and a refund of previous assessments. The balance increased significantly from December 31, 2024, to June 30, 2025.
"FAM and other deferrals" recognized in the Condensed Consolidated Statements of Income consisted of the following: For the Three months ended Six months ended millions of dollars June 30 June 30 2025 2024 2025 2024 FAM: (Under) over-recov...
AI summary The FAM and other deferrals recognized in the Condensed Consolidated Statements of Income show variations in fuel cost recovery and DSM program costs over the periods of 2024 and 2025. The table outlines amounts for three and six months ended June 30, highlighting over and under-recoveries.
2026-2027 GRA OP-01 Attachment 02 Page 12 of 19 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2. Derivatives entered into by NSPI that are documented as economic hedges or that do not qualify for NPNS exception are subject to regulatory acco...
AI summary NSPI's derivatives, documented as economic hedges or not qualifying for NPNS exception, are subject to regulatory accounting treatment approved by the NSEB. These derivatives are recorded at fair value and changes in value are deferred to regulatory assets or liabilities. Realized gains or losses from fuel-related derivatives are passed to customers through the FAM.
Florida Electric Utility Three months ended Six months ended For the June 30 June 30 millions of USD (except as indicated) 2025 2024 2025 2024 Operating revenues – regulated electric $ 839 $ 672 $ 1,488 $ 1,220 Regulated fuel for generatio...
AI summary The document presents financial data for Florida Electric Utility and Canadian Electric Utilities, including operating revenues, fuel costs, and contribution to consolidated net income for the periods ending June 30, 2025, and 2024. It highlights the impact of foreign exchange rates on CAD earnings and provides details on changes in operating revenues, fuel costs, and other financial factors.
Cash Flow from Operating Activities Net cash provided by operating activities decreased $394 million to $799 million for the six months ended June 30, 2025, compared to $1,193 million for the same period in 2024. Cash from operations befor...
AI summary Net cash provided by operating activities decreased to $799 million for the six months ended June 30, 2025, compared to $1,193 million in 2024. This decrease was primarily due to unfavourable changes in working capital, including accounts payable and receivable, inventory, and trade receivables, partially offset by increases in fuel over-recoveries and new base rates.
As at June 30, 2025, contractual commitments for each of the next five years and in aggregate thereafter consisted of the following: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Long-term debt principal (1)(2) $ 23 $ 1,257...
AI summary As of June 30, 2025, the document outlines contractual obligations for the next five years and beyond, including long-term debt, interest payments, purchased power, transportation, fuel, capital projects, and other commitments. These obligations are expected to be transferred to the buyer upon the completion of the sale of NMGC.
Emera Incorporated Condensed Consolidated Statements of Cash Flows (Unaudited) For the Six months ended June 30 millions of dollars 2025 2024 Operating activities Net income $ 755 $ 372 Adjustments to reconcile net income to net cash provi...
AI summary The document presents the condensed consolidated statements of cash flows for Emera Incorporated for the six months ended June 30, 2025, and 2024, showing net cash provided by operating activities, investing activities, and financing activities, along with changes in cash and cash equivalents.
2026-2027 GRA OP-01 Attachment 4 Page 30 of 37 REDACTED (CONFIDENTIAL INFORMATION REMOVED) As at December 31, 2024 millions of dollars Level 1 Level 2 Level 3 Total Assets Regulatory deferral: Commodity swaps and forwards $ 15 $ 3 $ - $ 18...
AI summary The document presents a financial summary of assets and liabilities related to commodity and foreign exchange derivatives as of December 31, 2024. It highlights significant amounts in regulatory deferral and HFT derivatives, with total assets at $166 million and total liabilities at $617 million, resulting in a net liability of $451 million. A note mentions the pending sale of NMGC and its classification as held for sale.
Standardized Filing Requirements for Fuel - Generating Units by Type Year 2026 Thermal Units Fuel Type In Service Year Firm Capacity (MW) Net Avg. Heat Rate (Btu/kwh) Energy (GWh) Tufts Cove 1 Oil / Natural Gas 1965 78.0 24.0 Tufts Cove 2...
AI summary The document provides a detailed overview of standardized filing requirements for fuel-generating units in Nova Scotia for the year 2026, including data on various types of generating units, their fuel types, in-service years, firm capacities, and energy outputs.
Standardized Filing Requirements for Fuel - Generating Units by Type Year 2027 Thermal Units Fuel Type In Service Year Firm Capacity (MW) Net Avg. Heat Rate (Btu/kwh) Energy (GWh) Tufts Cove 1 Oil / Natural Gas 1965 78.0 30.0 Tufts Cove 2...
AI summary The document provides a detailed table of standardized filing requirements for fuel-generating units in Nova Scotia for the year 2027, including various types of generating units such as thermal, combustion turbines, hydro systems, wind systems, and imported/exported power, along with their capacities and energy outputs.
Standardized Filing Requirements for Fuel - Generating Units by Type Year 2026 Net Avg. Heat Rate Thermal Units Fuel Type In Service Year Firm Capacity (MW) (Btu/kwh) Energy (GWh) Tufts Cove 1 Oil / Natural Gas 1965 78.0 32.1 Tufts Cove 2...
AI summary The document outlines standardized filing requirements for fuel generating units in Nova Scotia for the year 2026, providing detailed data on various power generation sources, including thermal units, combustion turbines, hydro systems, wind systems, independent power producers, and imported/exported power, with energy outputs and capacities listed.
TECHNICAL SPECIFICATION - LOW SULPHUR COAL Properties (As Received Basis) Typical Minimum Maximum Applicable ASTM Standard Moisture 7% - 15% D3302 Free Moisture - - 3% D3302 Ash 7% - 9% D3172 Sulphur 0.65% - 1.1% D4239 Volatile Matter 34%...
AI summary This document outlines the technical specifications for low sulphur coal, including properties such as moisture, ash, sulphur, and calorific value, with applicable ASTM standards. It is part of a confidential attachment from a regulatory proceeding.
Type: Delayed Petroleum Coke, Shot Coke only. Properties (As Received Basis) Typical Minimum Maximum Applicable ASTM Standard Moisture 7% - 9% D3302 Ash 0.5% 0.2% 1.0% D3172 Sulphur 4-6% - 6% D4239 Volatile Matter 10% 8% - D3175 Calorific...
AI summary The document provides technical specifications for Delayed Petroleum Coke and Shot Coke, including properties such as moisture, ash, sulfur, calorific value, and compliance with ASTM standards. It is part of a confidential attachment in a regulatory proceeding.
HFO QUALITY SPECIFICATION Property Requirement ASTM Test Gravity, 0 API- Apr 1 to Dec 31 min. 9.0 D1298 Gravity, 0 API- Jan 1 to Mar 31 Saybolt Viscosity, Furol @ 50 0 C min. 9.5 min. 150 D1298 D445, D2161 max. 300 Flash Point, 0 C (0 F) m...
AI summary The document outlines the quality specifications for Heavy Fuel Oil (HFO), including requirements for properties such as gravity, flash point, sulphur content, and various ASTM test methods. The specifications include minimum and maximum values for different properties and note the use of specific test methods for pricing and dispute resolution.
Distillate Specification for LFO Delivered December 1 – February 29 Property Min / Max ASTM Test Method Appearance Clear and Bright Visual Density, kg/m3 0.850 max D1298 Distillation 90% Recovered 290.0 max D86 Cloud Point, Degree °C -34 m...
AI summary This document outlines the distillate specification for LFO (Light Fuel Oil) from December 1 to February 29, including various properties and test methods. It also mentions that refiners must provide specifications in line with environmental regulations and that NS Power's management must approve any deviations from OEM specifications.
Distillate Specification for LFO Delivered March 1 – November 30 Property Min / Max ASTM Test Method Appearance Clear and Bright Visual Density, kg/m3 0.881 max D1298 Distillation 90% Recovered 360.0 max D86 Cloud Point, Degree °C Report (...
AI summary The document outlines the specification requirements for Light Fuel Oil (LFO) delivered between March 1 and November 30. It includes physical and chemical properties with minimum and maximum limits, along with corresponding ASTM test methods. A note emphasizes the need for an operability schedule to meet seasonal conditions.
Tampa Electric • In March 2023, the FPSC approved recovery of $518M USD of fuel underrecoveries over a period of 21 months and the recovery of $131M USD of storm costs over 12 months at Tampa Electric. Recovery began April 1, 2023.
AI summary In March 2023, the FPSC approved the recovery of $518M USD in fuel underrecoveries over 21 months and $131M USD in storm costs over 12 months at Tampa Electric, with recovery beginning April 1, 2023.
Recent Regulatory Activity In March 2023, the FPSC approved Tampa Electric's fuel and storm costs filings. Beginning April 1, 2023, Tampa Electric began to recover the 2022 fuel under-recovery of $518M USD over a period of 21 months and th...
AI summary In March 2023, the Florida Public Service Commission (FPSC) approved Tampa Electric's fuel and storm costs filings. Starting April 1, 2023, Tampa Electric began recovering a 2022 fuel under-recovery of $518M USD over 21 months and a $131M USD storm reserve regulatory asset over 12 months.
Cash Flow Drivers: - + Fuel and storm deferral recovery of $678M in 2023 at Tampa Electric - Collected final outstanding balances in New Mexico related to Winter Storm Uri - Increased cash flow from operations from regulated utilities driv...
AI summary The cash flow drivers include fuel and storm deferral recovery at Tampa Electric, collections from New Mexico related to Winter Storm Uri, increased cash flow from regulated utilities due to new rates and growth, additional fuel and storm deferrals at NSPI, and increased financing costs.
Recovery of fuel and storm cost deferrals - Effective fuel and storm mechanisms at Tampa Electric and NSPI - Will recover 100% of 2022 fuel and storm deferrals at TEC by the end 2024 - New fuel rates + agreement with Province of NS stabili...
AI summary The document discusses the recovery of fuel and storm cost deferrals, highlighting effective mechanisms at Tampa Electric and NSPI, the recovery plan for TEC by 2024, and a new agreement with the Province of Nova Scotia to stabilize fuel deferrals at NSPI.
1. Timely recovery of rate base investments and operating costs - Minimizing regulatory deferrals effective fuel and storm mechanisms at TEC and NSPI - New rates PGS and anticipated at NMGC in 2024 and rate case filed at TEC for new rates...
AI summary The text discusses the timely recovery of rate base investments and operating costs, mentioning efforts to minimize regulatory deferrals at TEC and NSPI, new rates anticipated at NMGC in 2024, and a rate case filed at TEC for 2025. It also highlights a new fuel rate agreement with the Province of NS to mitigate fuel deferral at NSPI.
Year-to-date Achievements - 1. Closed $1.2B CAD Labrador Island Link transaction with proceeds used to reduce corporate debt and fund investments in our regulated utility businesses - 2. Replaced Holdco debt with $500M USD of hybrid notes,...
AI summary The year-to-date achievements include closing a significant Labrador Island Link transaction, replacing debt with hybrid notes, adjusting dividend growth, and announcing the sale of NMGC. Additionally, $117M CAD of unrecovered fuel costs from NSPI were securitized by the NS government in April 2024.
Q2 2024 Operating Cash Flow 2 4 Note: Millions of Canadian dollars (except per share amounts), 1 Adjusted EPS is a non-GAAP ratio, respectively. See appendix for reconciliation to the nearest GAAP measure; 2 Operating cash flow before chan...
AI summary The Q2 2024 Operating Cash Flow report includes net fuel and storm cost over-recoveries at Tampa Electric and Nova Scotia Power, highlighting financial impacts from fuel and storm-related costs.
Q3 2024 Operating Cash Flow2 Note: Millions of Canadian dollars (except per share amounts), 1 Adjusted EPS is a non-GAAP ratio 2 Operating cash flow before changes in working capital 3 Includes net fuel and storm cost recoveries of $492M a...
AI summary The Q3 2024 Operating Cash Flow report includes adjustments for fuel and storm cost recoveries at Tampa Electric and Nova Scotia Power, with specific figures provided for both entities. Adjusted EPS is noted as a non-GAAP ratio, and operating cash flow is defined as before changes in working capital.
Net Storm & Fuel Cost Regulatory Asset Balances ($millions CAD) Collected ~ $650M USD of fuel and storm underrecoveries at Tampa Electric over 21 months (beginning April 1, 2023) 1 $ US Balances translated at 1.35 in 2022, 1.32 in 2023 and...
AI summary The document discusses collected fuel and storm underrecoveries totaling ~$650M USD at Tampa Electric over 21 months starting April 1, 2023, and mentions a pro-forma $500M fuel securitization at NSPI, with currency balances translated using exchange rates from 2022 to 2024.
2026-2027 GRA OP-12 Attachment 1 Page 403 of 684 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - Closed $1.2B CAD Labrador Island Link transaction - Finalizing the sale of NMGC for net proceeds of $750M USD , set to close in late 2025 - Issu...
AI summary The document outlines several financial transactions, including the closure of a CAD 1.2B Labrador Island Link deal, the finalization of a USD 750M NMGC sale, the issuance of USD 500M hybrid notes, and securitization efforts for NSPI's deferred fuel costs totaling CAD 500M, with CAD 117M already securitized.
Decisive Actions Have Delivered Improvement in Credit Metrics - Closed $1.2B CAD Labrador Island Link transaction - Finalizing the sale of NMGC for net proceeds of $750M USD , set to close in late 2025 - Issued $500M USD of hybrid notes, t...
AI summary The document outlines significant financial actions taken to improve credit metrics, including the closure of a major transaction, the sale of an asset, the issuance of hybrid notes, and the securitization of deferred fuel costs by NSPI.
7% Increase in 2024 Operating Cash Flow 2 2024 Fuel & Storm Cost Deferrals (Net over-recovery) Note: Millions of Canadian dollars (except per share amounts), 1 Adjusted EPS is a non-GAAP ratio 2 Operating cash flow before changes in workin...
AI summary The text discusses a 7% increase in 2024 operating cash flow, excluding fuel and storm cost deferrals, and includes figures related to net over-recoveries and under-recoveries at Tampa Electric and Nova Scotia Power. Notes provide additional context on financial metrics and adjustments.
100bps Improvement in 2024 Driven By: - $1.2B CAD Labrador Island Link transaction - $500M USD of hybrid notes, treated as 50% equity - $617M CAD securitization of NSPI deferred fuel costs - New base rates at all US utilities
AI summary The 100bps improvement in 2024 is attributed to several financial transactions, including a $1.2B CAD Labrador Island Link deal, $500M USD in hybrid notes treated as 50% equity, a $617M CAD securitization of deferred fuel costs, and new base rates at all US utilities.
Allocation of $20B 5-Year Capital Plan 55% of capital spend on transmission, distribution and gas infrastructure in support of reliability and customer growth 17% spend on renewable integration reducing volatile fuel cost exposure Capital...
AI summary The document outlines a 5-year, $20B capital plan with 55% allocated to transmission, distribution, and gas infrastructure to ensure reliability and support customer growth, and 17% focused on renewable integration to reduce volatile fuel cost exposure. The plan emphasizes customer-centric investments.
FX NORMALIZED TRAILING 12 MONTHS FFO ADJUSTED LEVERAGE 1 + HOLDCO/TOTAL DEBT FX normalized FFO adjusted leverage - ✓ Sale of LIL 2 investment delivered $1.2B of proceeds 3 for Holdco deleveraging - ✓ Raised $0.9B of common equity content 4...
AI summary The document outlines various financial actions taken to manage leverage and debt, including the sale of an investment, raising equity, securitization of fuel costs, and revenue collection. These actions aim to deleverage Holdco and manage financial obligations related to storms and new revenue streams.
Fuel and Storm Cost Normalization Adjustments OPERATING CASH FLOW PRE-WC (CAD $M) 2024 2025 2026 2027 TEC – under (over) recovery of fuel costs (196) 12 - - TEC – under (over) recovery of storm costs 507 (342) (221) - NSPI – under (over) r...
AI summary The table presents operating cash flow data related to fuel and storm cost normalization adjustments for TEC and NSPI from 2024 to 2027. It shows fluctuations in under (over) recovery of fuel and storm costs, with significant variations across years and entities.
Fuel and Storm Cost Normalization Adjustments OPERATING CASH FLOW PRE-WC (CAD $M) 2024 2025 2026 2027 TEC – under (over) recovery of fuel costs (196) 12 - - TEC – under (over) recovery of storm costs 507 (342) (221) - NSPI – under (over) r...
AI summary The document presents operating cash flow data related to fuel and storm cost normalization adjustments for the years 2024 to 2027. It details under and over recovery amounts for both TEC and NSPI, with significant variations across the years.
Capital Plan Focused on Delivering Value for Customers 55% of capital spend on transmission, distribution and gas infrastructure in support of reliability and customer growth 17% spend on renewable integration reducing volatile fuel cost e...
AI summary The capital plan emphasizes delivering value to customers by allocating 55% of capital spend to transmission, distribution, and gas infrastructure to support reliability and customer growth, and 17% to renewable integration to reduce volatile fuel cost exposure.
Update on Progress in 2023 Last year we highlighted Management's planned actions and next steps for 2023. We have executed against this plan and have and have improved and stabilized both the business and financial risk profiles of NSPI: -...
AI summary NSPI has stabilized its business and financial risk profiles in 2023 by receiving UARB approval for the GRA settlement, aligning with the Province on decarbonization mandates, securing government funding for prior period fuel costs, and focusing capital investments on reliability.
In 2022 - Flows of energy from the Maritime Link saved NSPI customers ~$100M in fuel costs 1 - NSPI generated 33% renewable energy and reduced emissions by 46% compared to 2005 levels, equivalent to the shut down of ~450MW coal - NSPI fore...
AI summary In 2022, NSPI saved customers approximately $100M in fuel costs through energy flows from the Maritime Link. NSPI generated 33% renewable energy and reduced emissions by 46% compared to 2005 levels. The company forecasts exceeding 40% renewable energy sales in 2023.
Well-established cost of service regulatory environment - Allowed ROE: 8.75% - 9.25% - Maximum Allowed Equity: 40% - Approved rider mechanisms allow for the timely recovery of prudently incurred costs: - 〉 Fuel adjustment mechanism (FAM) a...
AI summary The document outlines the regulatory environment for cost of service in Nova Scotia, including an allowed ROE range of 8.75% to 9.25%, a maximum allowed equity of 40%, and rider mechanisms for recovering prudently incurred costs. The UARB is described as an independent regulatory body.
Update on Progress in 2024 Last year we highlighted Management's planned actions and next steps for 2024. We have executed against this plan and have improved and stabilized both the business and financial risk profile of Nova Scotia Power...
AI summary Nova Scotia Power has made progress in 2024 by negotiating federal and provincial funding for prior period fuel costs, securing a loan guarantee increase, and receiving approvals for capital investments and a storm rider. They are also working on the 2030 Clean Power Plan and preparing for a General Rate Application expected to take effect in 2026.
N-22NSPI (Cleary) RIR 1-11 - Redacted
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Business Risk: Excellent We assess NSPI's business risk profile as excellent, reflecting our assessment of the regulated accounting for company's operations being in low-risk country such as Canada, are rate-regulated. NSPI's business risk...
AI summary NSPI's business risk is assessed as excellent due to its regulated operations in Canada, transparent UARB regulatory framework, and stable customer base. The UARB's fuel adjustment mechanism allows cost recovery, and NSPI's regulated model ensures timely rate determinations and recovery of prudently incurred costs.
Credit Highlights Overview Key Strengths Key Risks Nova Scotia Power Inc. (NSPI) is a low-risk, vertically integrated regulated electric utility with no exposure to non-utility operations. High reliance on riskier coal-based generation. Ge...
AI summary Nova Scotia Power Inc. (NSPI) is a low-risk, vertically integrated regulated electric utility with a credit-supportive regulatory framework. However, it faces risks such as high reliance on coal-based generation and limited financial cushion. NSPI has sufficient liquidity sources, including a C$600 million credit facility and a commercial paper program, to cover its needs over the next 6-12 months.
NSPI's fuel stability plan approved by the Nova Scotia Utility and Review Board (UARB) in Dec. 2019 covers only the fuel component with an average base rate increase of about 1.5% each year through 2022. The increase in base rates do not c...
AI summary NSPI's fuel stability plan, approved in 2019, only covers the fuel component with a 1.5% annual base rate increase through 2022, not the non-fuel component. NSPI plans to file new base rates for non-fuel costs in 2023, which may pressure credit metrics due to capital spending exceeding depreciation. NSPI also lacks geographic and regulatory diversity, relying heavily on the UARB for credit quality.
Business Risk: Excellent Our assessment of NSPI's business risk reflects the utility's lower-risk, rate-regulated, and vertically integrated electric utility business as well as its management of regulatory risk, which we view as consisten...
AI summary NSPI's business risk is assessed as excellent due to its rate-regulated, vertically integrated model and effective management of regulatory risk. The regulatory process is credit supportive, with tariff frameworks based on a forward test-year methodology and commodity costs passed through to customers via the fuel adjustment mechanism. However, the moderate customer base and lack of regulatory or geographical diversity are offsetting factors.
Credit Highlights Overview Key strengths Key risks Low-risk, vertically integrated regulated electric utility with no exposure to nonutility operations. High reliance on riskier coal-based generation. Generally credit-supportive regulatory...
AI summary Nova Scotia Power (NSPI) is a low-risk, vertically integrated utility with a credit-supportive regulatory framework, but faces challenges due to reliance on coal-based generation and financial metrics at the lower end of the risk profile. The fuel stability plan covers only the fuel component, with base rates increasing by 1.5% annually through 2022, and regulatory lag may occur if variances arise. NSPI is expected to file for new base rates for the nonfuel component by 2023, which could alleviate financial pressure.
Financial Risk: Significant We assess NSPI's financial risk profile using our medial volatility financial benchmark tables rather than the financial benchmarks we use for a typical corporate issuer, which reflects the company's lower-risk...
AI summary NSPI's financial risk is significant due to lower-than-expected FFO to debt in 2020, driven by a warmer winter and pandemic impacts. The fuel stability plan and large capital program are expected to pressure credit metrics through 2022. A new base rate filing is anticipated in 2023.
Nova Scotia Power Inc. reported amounts (mil. C$) Debt EBITDA Operating income Interest expense S&P Global Ratings' adjusted EBITDA Cash flow from operations Capital expenditure 2,942.0 517.0 275.0 140.0 529.0 325.0 319.0 S&P Global Rating...
AI summary The document presents financial data for Nova Scotia Power Inc., including debt, EBITDA, operating income, and capital expenditures. Adjustments by S&P Global Ratings are outlined, affecting cash flow and other financial metrics. The section concludes with a statement of adequate liquidity.
Overview Key strengths Key risks Low-risk, vertically integrated regulated electric utility with no exposure to nonutility operations. Energy transition risks through its operations in electric generation, which are primarily coal, natural...
AI summary The overview discusses Nova Scotia Power Inc. (NSPI) as a low-risk, vertically integrated utility with a credit-supportive regulatory framework, but highlights energy transition risks due to reliance on fossil fuels. It expects NSPI to maintain financial performance with modest sales growth and capital spending of about $510 million over 2022-2024.
2026-2027 GRA Cleary IR-1 Attachment 5 Page 2 of 10 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Inc. NSPI is a lower-risk, regulated, vertically integrated utility that operates under a generally supportive framework. The...
AI summary Nova Scotia Power Inc. (NSPI) is a low-risk, regulated utility operating under supportive mechanisms like the fuel adjustment mechanism (FAM). NSPI filed an updated fuel stability plan with a 2.9% annual base rate increase through 2024, and faces challenges due to limited geographic and regulatory diversity, impacting its credit quality and dependence on the Utility and Review Board (UARB).
Assumptions - The present-market inflation and commodity price dynamics will not have a persistent effect on NSPI's cash flow or operations; - Normalized weather with no material impact on electricity consumption and sales; - Stable regula...
AI summary The assumptions section outlines key factors influencing NSPI's financial planning, including stable inflation, normalized weather, a stable regulatory environment, a base rate increase of 2.9% annually through 2024, average capital spending of C$510 million, no dividend payments, and commodity costs being passed through to customers.
Financial Risk We assess NSPI's financial risk profile using our medial volatility financial benchmark tables rather than the financial benchmarks we use for a typical corporate issuer, which reflects the company's lower-risk regulated uti...
AI summary The document assesses NSPI's financial risk profile, noting its lower-risk regulated utility operations and effective management of regulatory risk. It highlights a proposed rate application with average base rate increases and the use of a Fuel Adjustment Mechanism. NSPI's large capital program and reliance on external financing are also discussed, along with projected FFO to debt ratios.
Reconciliation Of Nova Scotia Power Inc. Reported Amounts With S&P Global Adjusted Amounts (Mil. C$) Shareholder Operating Interest S&PGR adjusted Operating Capital Debt Equity Revenue EBITDA income expense EBITDA cash flow Dividends expen...
AI summary This section reconciles Nova Scotia Power Inc.'s reported financial figures with those adjusted by S&P Global Ratings, highlighting differences in debt, equity, operating income, and capital expenditures. Adjustments include items like cash taxes, lease liabilities, and asset-retirement obligations, resulting in a total adjustment of 146 million C$.
restoration costs, demonstrating the company's exposure to physical risks. Additionally, NSPI relies on high-cost coal-based generation (about 44%), which increases its exposure to environmental risk. We assess NSPI's financial risk profil...
AI summary S&P Global Ratings assesses NSPI's financial risk profile as aggressive due to high-cost coal-based generation and rate increases. The NSUARB's rate order allows NSPI to raise electricity rates annually. Emera's reduced capital investment in NSPI weakens long-term support but does not change its strategic importance.
Credit Highlights The provincial government of Nova Scotia recently proposed to compensate Nova Scotia Power Inc. (NSPI) about $117 million to offset the deferred fuel cost liability. NSPI generally recovers the incurred fuel cost from cus...
AI summary The provincial government of Nova Scotia proposed compensating Nova Scotia Power Inc. (NSPI) with $117 million to offset deferred fuel cost liability. This compensation will be recovered from customers over 10 years, reducing immediate pressure on customer bills. However, NSPI is expected to recover the remaining $278 million through future rate adjustments, which could increase customer bills.
January 28, 2025 What's new: Nova Scotia Power Inc. (NSPI) recently received a Canadian federal loan guarantee to securitize C$500 million of current and future fuel balances at NSPI; the company used proceeds toward reducing debt at NSPI....
AI summary Nova Scotia Power Inc. (NSPI) received a C$500 million loan guarantee from the Canadian federal government to securitize deferred fuel costs, helping reduce debt and regulatory lag. This, along with provincial support, is expected to improve NSPI's credit measures and reduce rate impacts on customers. S&P Global Ratings revised Emera Inc.'s outlook to stable from negative due to these developments and other initiatives.
Outlook The stable outlook on NSPI reflects the stable outlook of its parent Emera, as well as our expectation that NSPI's FFO to debt will average about 10%-11% through 2026. The improvement in credit measures from recent years is largely...
AI summary The stable outlook for NSPI is based on its parent company Emera's stability and expected FFO to debt ratio of 10%-11% through 2026. Credit improvements are attributed to the securitization of deferred fuel costs and reduced debt.
Rating Update (CONTINUED) mechanism. Fuel costs are also subject to an independent audit by the NSUARB that could potentially disallow a portion of the fuel-related costs. The Company's BRA also reflects the challenges associated with NSPI...
AI summary The rating update discusses NSPI's challenges with high electricity rates, potential cost recovery issues, and compliance with federal coal phase-out plans. It also notes that operating cash flow supports capex and that NSPI will manage dividends to maintain its debt-to-capital ratio within regulatory limits.
1. Low-risk regulated electricity business The current regulatory framework is based on a COS methodology, in which the Company is allowed to recover all prudently estimated operating expenses and to earn a reasonable return on approved ca...
AI summary The current regulatory framework for NSPI allows recovery of prudently estimated operating expenses and a reasonable return on capital investments. NSPI's target ROE range is considered reasonable. A fuel adjustment mechanism is in place to manage fuel price risks, deferring differences between actual and recovered fuel costs and adjusting them with customers in subsequent years.
1. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This, combined with continued investments in renew...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers, leading to volatile pricing and higher electricity rates. This makes it difficult for NSPI to pass on costs to ratepayers in a timely manner, despite investments in renewable energy.
2. Regulatory lag NSPI faces some regulatory risk (albeit lower than when the FAM was not in place) with respect to the timeliness of full cost recovery. Although FAM allows the Company to recover fluctuating fuel expenses from its custome...
AI summary NSPI faces regulatory risk related to the timeliness of full cost recovery, despite the FAM allowing recovery of fluctuating fuel costs. Rate adjustments are annual and require NSUARB approval. Differences in fuel costs from 2017 to 2019 will be reconciled post-2019. DBRS anticipates reduced fuel price impact once the Maritime Link Project is operational.
Summary - NSPI's earnings remained stable. The Company operates under a COS model wherein NSPI is allowed to recover all prudently incurred costs from providing electricity and earnings are primarily impacted by the range of ROE and capita...
AI summary NSPI's earnings remained stable under a COS model, with earnings influenced by ROE and capital structure approved by the NSUARB. Lower operating expenses and fuel costs contributed to moderately higher earnings in 9M 2017 compared to 9M 2016. NSPI recovers actual fuel costs via the FAM. The NSUARB's ROE calculations use specific regulatory methods, and earnings above the ROE band are directed to the FAM as per the Electricity Plan Act.
Regulation (CONTINUED) - On December 18, 2015, the Province enacted the Electricity Plan Act with the primary purpose to stabilize energy rates until the end of 2019. In accordance with the Electricity Plan Act, NSPI was required to file a...
AI summary In December 2015, the Province enacted the Electricity Plan Act to stabilize energy rates until 2019. NSPI filed a three-year fuel cost stability plan but not a General Rate Application for non-fuel costs. The NSUARB approved a 1.5% annual rate increase for 2017 through 2019. DBRS expects NSPI's 2020 rate increase to be manageable, and the FAM helps recover fluctuating fuel costs.
FAM Regulatory Liability – Balance as at January 1, 2017 (CAD million) (94) Net over-recovery of current period fuel costs (66) Impact of the Maritime Link interim assessment decision (12) Application of non-fuel revenues (13) Interest on...
AI summary This chunk presents the balance of the Fuel Adjustment Mechanism (FAM) regulatory liability as of January 1, 2017, and September 30, 2017. It includes components such as net over-recovery of fuel costs, the impact of the Maritime Link interim assessment decision, application of non-fuel revenues, interest on the FAM balance, and a one-time refund to customers for 2016 fuel costs.
- In December 2016, the NSUARB approved NSPI's application to refund over-recovered fuel costs from 2016 to customers; as a result, a one-time refund of $36 million was issued, as recorded above in the FAM regulatory liability. - In Septem...
AI summary In 2016, the NSUARB approved a refund of over-recovered fuel costs to customers, totaling $36 million. In 2017, the NSUARB approved interim assessment payments for the Maritime Link Project, with adjustments due to delays from the Muskrat Falls Project. These costs are being recovered through fuel rates, with credits provided to customers in subsequent years.
ustomers of $18 million in 2018, $36 million in 2019 and $53 million in 2020. As at September 30, 2017, NSPI collected $12 million, which is recorded above as part of the FAM regulatory liability. - NSPI is required to withhold $10 million...
AI summary NSPI collected significant amounts from customers through the FAM regulatory liability in 2018, 2019, and 2020. The company must withhold a portion of its interim assessment payments annually, contingent on demonstrating benefits from the Maritime Link Project. The Province introduced amendments to the Environment Act for a cap-and-trade program, with NSPI anticipating recoverability of prudently incurred carbon reduction costs. DBRS assessed the regulatory environment for NSPI based on eight factors.
Regulatory Environment Assessment Criteria 1. Deemed Equity Ratio Score Excellent Good Satisfactory Below Average Poor Analysis NSPI's target regulated ROE is based on an actual five-quarter average regulated common equity component of up...
AI summary The document assesses the regulatory environment, focusing on NSPI's equity ratio, allowed ROE, and fuel cost recovery. NSPI's target ROE is between 8.75% and 9.25%, with actual ROE historically in the upper range. Fuel costs are recovered through the FAM, with variances deferred and subject to audit by the NSUARB.
mix when the Muskrat Falls project starts producing full power (expected in early 2020). NSPI expects to recover prudently incurred costs associated with the program through the regulatory framework. NSPI's business risk assessment (BRA) o...
AI summary NSPI expects to recover costs through the regulatory framework, citing a low business risk assessment. Fuel costs are subject to audit by NSUARB, and NSPI's high electricity rates may hinder timely cost recovery. NSPI plans to maintain its debt-to-capital ratio within regulatory limits through flexible dividend policies.
1. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This, combined with continued investments in renew...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers, leading to volatile pricing and higher electricity rates. This makes it difficult for NSPI to pass on costs to ratepayers in a timely manner, despite investments in renewable energy.
2. Regulatory lag NSPI faces some regulatory risk (albeit lower than when the FAM was not in place) with respect to the timeliness of full cost recovery. Although FAM allows the Company to recover fluctuating fuel expenses from its custome...
AI summary NSPI faces regulatory risk related to the timeliness of full cost recovery due to annual rate adjustments requiring NSUARB approval. Differences in fuel costs between 2017 and 2019 will be reconciled post-2019. DBRS anticipates reduced fuel price impact once the Maritime Link Project is operational, increasing renewable energy supply.
Regulation - NSPI operates under a reasonable regulatory environment of the NSUARB, using a COS methodology that allows the Company to recover all prudently estimated operating expenses and earn a reasonable return on the approved capital...
AI summary NSPI operates under the NSUARB with a cost-of-service methodology allowing recovery of operating expenses and a reasonable return on capital investments. The company files annual capital expenditure plans and participates in rate-setting processes. The Electricity Reform Act and Electricity Plan Act influence NSPI's operations, including fuel adjustment mechanisms and rate stability plans.
On November 29, 2019, DBRS Limited (DBRS Morningstar) confirmed the ratings of Nova Scotia Power Inc. (NSPI or the Company) as listed above. All trends are Stable. The ratings reflect stable operations in the Company's regulated utilities...
AI summary DBRS Limited confirmed Nova Scotia Power Inc.'s credit ratings as stable, citing strong operations and credit metrics. The company operates under a reasonable regulatory system that allows it to earn a return on equity within a specified range. Its business risk assessment is favorable, though challenges related to high electricity rates and fuel cost-recovery mechanisms are noted.
llenges associated with its high electricity rates, which could make it increasingly challenging to fully pass costs onto the ratepayers in a timely manner if costs rise more quickly than anticipated. In June 2019, NSPI filed a new three-y...
AI summary NSPI filed a three-year fuel stability plan in 2019, seeking an average annual fuel rate increase of 1.9%. The company expects to recover emission allowance costs under the Province's carbon cap-and-trade program, which took effect in 2019. The Equivalency Agreement with the federal government allows NSPI to comply with federal emission regulations through 2029. DBRS Morningstar expects NSPI to maintain adequate cash flow and a flexible dividend policy.
Financial Information 9 months September 30 12 months September 30 For the year ended December 31 (CAD millions) 2019 2018 2019 2018 2017 2016 2015 2014 Cash flow/Total debt 14.2% 15.5% 14.3% 14.8% 14.3% 14.6% 13.0% 13.5% Total debt in cap...
AI summary The financial information presents key metrics such as cash flow, total debt, EBIT interest coverage, and net income for Nova Scotia Power Inc. (NSPI) over several years, highlighting trends in financial performance and capital structure.
Earnings and Outlook 9 months September 30 12 months September 30 For the year ended December 31 (CAD millions) 2019 2018 2019 2018 2017 2016 2015 2014 Revenues 1,066 1,055 1,451 1,440 1,338 1,356 1,417 1,348 Fuel cost1 (480) (460) (659) (...
AI summary The document presents financial data for Nova Scotia Power Inc. (NSPI) over multiple years, including revenues, fuel costs, net revenues, operating costs, and net income. It also outlines the regulated rate base and actual return on equity, highlighting key financial performance metrics and adjustments.
Financial Profile 9 months September 30 12 months September 30 For the year ended December 31 (CAD millions) 2019 2018 2019 2018 2017 2016 2015 2014 Net income before non-recurring items 103 103 131 131 129 130 139 133 Depreciation & amort...
AI summary The financial profile outlines key financial metrics for Nova Scotia Power Inc. (NSPI) over multiple years, including net income, depreciation, capital expenditures, free cash flow, and debt levels. It highlights trends in financial performance and capital structure, with notes on adjustments related to the fuel adjustment mechanism and other factors.
- Because of the delayed energy delivery from the Muskrat Falls Project, the approved interim assessment payment reflects NSPML's proposal to reduce the assessment by deferring $53.0 million in 2018 and 2019, which is related to the deprec...
AI summary The document discusses NSPML's proposal to defer costs related to the Muskrat Falls Project, including a credit of $53.0 million to customers in 2020, and the NSUARB's interim cost assessment of $140.0 million in 2020. It also mentions the Province's amendments to the Environment Act for a cap-and-trade program.
- January 1, 2019, with an initial compliance period of four years (2019–2022). NSPI has been granted carbon dioxide allowances of 22 million tonnes through the compliance period and expects to recover the cost of emission allowances (cred...
AI summary NSPI has been granted carbon dioxide allowances through 2022 and will recover the cost of emission credits in its FSP. An Equivalency Agreement between Nova Scotia and the federal government allows NSPI to comply with federal GHG regulations by meeting provincial requirements. Federal regulations for coal-fired plants were updated in 2018, with closure deadlines depending on commissioning dates. The Equivalency Agreement was renewed until 2024, potentially extending to 2029.
On December 2, 2020, DBRS Limited (DBRS Morningstar) confirmed Nova Scotia Power Inc.'s (NSPI or the Company) Issuer Rating and Unsecured Debentures & Medium-Term Notes rating at A (low). DBRS Morningstar also confirmed NSPI's Commercial P...
AI summary DBRS Limited confirmed Nova Scotia Power Inc.'s credit ratings at A (low) and R-1 (low) with stable trends, citing a reasonable regulatory framework by the NSUARB and the Company's ability to recover fuel costs through a fuel adjustment mechanism. The Company's reliance on coal-based generation and transition to renewables is noted as a long-term challenge.
Strengths 1. Low-risk regulated electricity business The Company's current regulatory framework is based on a COS methodology, under which NSPI can recover all prudently estimated operating expenses and earn a reasonable return on approved...
AI summary NSPI operates under a COS methodology that allows recovery of prudently estimated expenses and a reasonable return on capital investments. DBRS Morningstar considers NSPI's target ROE range as reasonable. The FAM helps mitigate fuel price risks by deferring and collecting fuel cost differences from or refunding customers.
1. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers and high electricity rates, partly caused by its current generation mix dominated by coal. While the Muskrat Falls project will reduce coal's role, coal-based assets will still be part of the mix beyond 2029. Federal regulations require coal plant closures by 2030, and NSPI may need an extended Equivalency Agreement to continue operating coal-based assets.
2. Regulatory lag NSPI faces some regulatory risk with respect to the timeliness of full cost recovery, although this risk is lower now than when the FAM was not in place. Although the FAM allows the Company to recover fluctuating fuel exp...
AI summary NSPI faces regulatory risk related to timely cost recovery, but this risk has decreased since the FAM was implemented. The FAM allows for annual rate adjustments, subject to NSUARB approval. The 2020–22 FSP outlines that any fuel cost differences will be recovered or returned after 2022. DBRS Morningstar anticipates reduced fuel price volatility with the start of energy delivery from the Muskrat Falls project.
2019 Summary - Earnings for NSPI have been relatively stable, reflecting the regulated nature of its operations. - DBRS Morningstar notes that NSPI has a FAM in place that allows the Company to recover actual fuel costs from customers thro...
AI summary NSPI's 2019 earnings were stable due to its regulated operations and the FAM, which allows recovery of actual fuel costs. EBITDA and EBIT decreased due to lower sales volumes and higher depreciation, but net income increased from a tax recovery. NSPI continued to earn its maximum allowed ROE of 9.25% based on NSUARB calculations, and surplus earnings were applied to the FAM per the Electricity Plan Act.
- Because of the delayed energy delivery from the Muskrat Falls Project, the approved interim assessment payment reflected NSPML's proposal to reduce the assessment related to the depreciation expense. - As NSPI recovered these costs as pa...
AI summary The document discusses NSP's financial adjustments related to the Muskrat Falls Project, including customer credits and withholding requirements tied to the Maritime Link Project. It also covers NSPI's compliance with carbon emission regulations, including the cap-and-trade program and the Equivalency Agreement with the federal government.
Assessment of Regulatory Framework Criteria Score Analysis 3. Energy Cost Recovery Excellent Good Satisfactory Below Average Poor Fuel costs are passed through to the customers through the FAM and rates change annually to account for varia...
AI summary The regulatory framework for energy cost recovery is assessed as excellent, with fuel costs passed through to customers via the FAM. Rates adjust annually based on forecast and actual fuel cost variances, but variances from 2020 to 2022 will be deferred to a FAM regulatory asset or liability and recovered or returned post-2022. The FSP is expected to result in an average annual fuel rate increase of 1.5% during this period. The NSUARB conducts independent audits of fuel costs.
(1) Low-risk regulated electricity business The Company's current regulatory framework is based on a cost-of-service (COS) methodology, under which NSPI can recover all prudently estimated operating expenses and earn a reasonable return on...
AI summary NSPI operates under a cost-of-service regulatory framework, allowing recovery of operating expenses and a reasonable return on capital investments. DBRS Morningstar considers NSPI's target ROE range reasonable. The fuel adjustment mechanism (FAM) helps manage fuel price fluctuations by deferring and collecting or refunding differences between actual fuel costs and customer recoveries.
(1) Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...
AI summary NSPI's reliance on international fuel suppliers and coal-based generation has led to higher electricity rates. While the Muskrat Falls project will reduce coal use, coal-based assets will still contribute to the generation mix beyond 2029. Federal and provincial regulations require coal plant closures by 2030, necessitating significant investment in replacements.
(2) Regulatory lag NSPI faces some regulatory risk with respect to the timeliness of full cost recovery, although this risk is lower now than when the FAM was not in place. Although the FAM allows the Company to recover fluctuating fuel ex...
AI summary NSPI faces regulatory risk related to the timeliness of full cost recovery, though this risk has decreased since the FAM was implemented. The FAM allows recovery of fluctuating fuel costs, but adjustments are annual and subject to NSUARB approval. The 2020–22 FSP outlines that discrepancies between actual fuel costs and recovered amounts should be resolved after 2022. DBRS Morningstar anticipates reduced fuel price volatility once the Muskrat Falls project begins contributing renewable energy.
2020 Summary - Earnings for NSPI have been relatively stable, reflecting the regulated nature of its operations. - DBRS Morningstar notes that NSPI has a FAM in place that allows the Company to recover actual fuel costs from customers thro...
AI summary NSPI's earnings remained stable in 2020 due to its regulated operations and the presence of a Fuel Adjustment Mechanism (FAM) that allows recovery of actual fuel costs. EBITDA and EBIT increased slightly due to higher residential sales and lower operational costs, but net income before nonrecurring items decreased due to higher income taxes.
Financial Profile 12 mos. ended September 30 For the year ended December 31 (CAD millions where applicable) 2021 2020 2019 2018 2017 2016 Net income before nonrecurring items 134 125 138 131 129 130 Depreciation & amortization 248 242 238...
AI summary The financial profile outlines key financial metrics for the period ending September 30 and December 31 across multiple years, highlighting net income, depreciation, cash flow, capital expenditures, and debt changes. The table includes metrics such as free cash flow, net debt change, and total debt in the capital structure.
FAM Balance (CAD millions) 2021 FAM regulatory liability - Balance as at January 1 21 Net under-recovery of current period fuel costs (69) Interest on FAM balance (1) Refund to customers of the reduced Maritime Link assessment recovered in...
AI summary The document provides an overview of the FAM (Fuel Adjustment Mechanism) balance for 2021, including regulatory liability, under-recovery of fuel costs, and an interim assessment payment approved by the NSUARB for the Maritime Link Project. Annual payments for the project were approved for 2020, 2021, and 2022.
Page 9 of 14 Assessment of Regulatory Framework 3. Energy Cost Recovery Excellent Good Satisfactory Below Average Poor Fuel costs are passed through to the customers through the FAM, and rates change annually to account for variances betwe...
AI summary The document discusses the regulatory framework for energy cost recovery, capital and operating cost recovery, the COS versus incentive rate mechanism, and political interference. Fuel costs are recovered through the FAM, with variances deferred to a FAM regulatory asset or liability. Capital costs are recovered through rates after regulatory approval, and NSPI operates under a COS model. The Electricity Reform Act and Electricity Plan Act have had a modest impact on NSPI.
1. Low-risk regulated electricity business The Company's current regulatory framework is based on a cost-of-service (COS) methodology, under which NSPI can recover all prudently estimated operating expenses and earn a reasonable return on...
AI summary NSPI operates under a cost-of-service regulatory framework that allows recovery of operating expenses and a reasonable return on capital. DBRS Morningstar finds the ROE range reasonable but notes that recent provincial intervention in the GRA process has increased regulatory risk and instability for the company.
3. Regulatory lag NSPI faces some regulatory risk with respect to the timeliness of full cost recovery, although this risk is lower now than when the FAM was not in place. Although the FAM allows the Company to recover fluctuating fuel exp...
AI summary NSPI faces regulatory risk related to the timeliness of full cost recovery, though this risk is reduced due to the FAM. The FSP ensures that fuel cost differences are recovered or returned after 2022. DBRS Morningstar anticipates reduced fuel price impacts with the start of energy delivery from the Muskrat Falls project.
Earnings and Outlook 12 mos. September 30 For the year ended December 31 (CAD millions where applicable) 2022 2021 2020 2019 2018 2017 Revenues 1,643 1,501 1,494 1,430 1,440 1,338 Fuel cost1 (1,040) (817) (721) (663) (639) (477) Net revenu...
AI summary The document presents financial data for a utility company over several years, including revenues, fuel costs, net revenues, EBITDA, EBIT, interest expenses, earnings before taxes, and net income. It also includes the return on equity and regulated rate base figures, with some data marked as not applicable.
2021 Summary - Earnings for NSPI have been relatively stable, reflecting the regulated nature of its operations. - DBRS Morningstar notes that NSPI has a FAM in place that allows the Company to recover actual fuel costs from customers thro...
AI summary NSPI's earnings remained stable in 2021 due to its regulated operations and the FAM, which allows recovery of actual fuel costs. EBITDA and EBIT were steady, with higher sales volumes offset by increased depreciation from a growing rate base. Net income before nonrecurring items increased due to higher other income and lower income taxes.
Good Satisfactory Below Average Poor Criteria Score Analysis 1. Deemed Equity Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an actual five-quarter average-regulated common equity component of up to...
AI summary The document evaluates NSPI's regulatory framework, focusing on deemed equity, allowed ROE, energy cost recovery, capital and operating cost recovery, COS versus incentive rate mechanism, political interference, and stranded cost recovery. Key points include ROE caps under Bill 212, fuel cost recovery through FAM and FSP, and regulatory impacts from political interference.
2. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...
AI summary NSPI's reliance on international fuel suppliers and higher electricity rates due to its current generation mix pose challenges in passing on costs to ratepayers. While the Muskrat Falls Hydroelectric Project will reduce coal-based generation, coal plants will remain in the mix until 2030, requiring significant investments for replacement.
regulations. The renewed Equivalency Agreement came into force on January 1, 2020, and will expire on December 31, 2024; however, it may be renewed until December 31, 2029. - As a result of the COVID-19 pandemic, there was a delay to the i...
AI summary The renewed Canada-Nova Scotia Equivalency Agreement is set to expire in 2024 but may be extended until 2029. Due to delays from the Muskrat Falls Project, NSPI could not meet its 2020 renewable energy target, leading to a three-year compliance plan. In 2023, a $10 million penalty was imposed on NSPI for noncompliance with the RER in 2022, which the company is appealing. The Province's 2030 Clean Power Plan includes new renewable and transmission projects, which may require significant government funding.
1 Adjusted for operating leases. ESG Factor ESG Credit Consideration Applicable to the Credit Analysis: Y/N Extent of the Effect on the ESG Factor on the Credit Analysis: Relevant (R) or Significant (S) Environmental Overall: Y R Do we con...
AI summary The document discusses ESG credit considerations, focusing on environmental factors such as carbon and GHG costs, and their impact on the issuer's financial and operational standing. It notes that while overall environmental considerations are relevant, specific risks like emissions, resource scarcity, and climate change are not deemed significant in this analysis.
Earnings Outlook Earnings for NSPI have generally been very stable, reflecting the regulated nature of its operations. The Company has a FAM in place that allows it to recover actual fuel costs from customers through annual rate adjustment...
AI summary NSPI's earnings have been stable due to its regulated operations and FAM, which allows recovery of actual fuel costs. Earnings increased in 2023 due to a base-rate increase, but ROE was below the approved band. Financial performance is expected to improve only after the next GRA and rate rebase in 2026.
3. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers and higher electricity rates, influenced by the current generation mix. While renewable energy and the Muskrat Falls Hydroelectric Project will reduce coal dependency, coal-based assets will remain until 2030, requiring significant investment for replacement.
5. Regulatory lag NSPI faces some regulatory risk with respect to the timeliness of fuel cost recovery, although this risk is lower now than when the FAM was not in place. Although the FAM allows the Company to recover fluctuating fuel exp...
AI summary NSPI faces regulatory risk related to fuel cost recovery, though this risk has decreased since the implementation of the FAM. The FAM allows NSPI to recover fluctuating fuel costs annually with NSUARB approval. The impact of fluctuating fuel prices is expected to decrease due to increased renewable energy supply from the Muskrat Falls Hydroelectric Project.
Environmental Carbon and greenhouse gas (GHG) costs had a relevant effect on the credit analysis of NSPI. We consider the Company's transition from reliance on coal-based generation (51% of 2023 installed generation capacity) to lower-emit...
AI summary The transition of NSPI from coal-based generation to renewable sources poses challenges for credit analysis due to the need for significant investments and government funding support. The establishment of NSIESO will shift the responsibility of procuring renewable energy away from NSPI, but the company will still require substantial financial support.
Appendix 2—Regulation - NSPI operates under the NSUARB's regulatory environment using a COS methodology that allows the Company to recover all prudently estimated operating expenses and earn a reasonable return on approved capital investme...
AI summary NSPI operates under the NSUARB's regulatory framework with a target ROE range of 8.75% to 9.25%. In 2022, the Province amended the Public Utilities Act to cap base-rate increases and ROE. NSUARB approved a negotiated settlement for the GRA in 2023, including rate increases and a Storm Rider. NSPI also manages the FAM and submitted a 2024 ACE plan for approval.
Page 12 of 13 Assessment of Regulatory Framework Criteria Score Analysis Page 12 of 13 1. Deemed Equity Page 12 of 13 Page 12 of 13 Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an actual five-quart...
AI summary The document evaluates the regulatory framework for Nova Scotia Power Inc. (NSPI), focusing on deemed equity, allowed return on equity (ROE), energy cost recovery, and political interference. Key points include a cap on deemed equity and ROE under Bill 212, the use of the Fuel Adjustment Mechanism (FAM) for cost recovery, and the impact of political interventions on the regulatory environment.
NON-CONFIDENTIAL (e) Please provide intuitive justification and empirical support for using "income only returns" for bonds to determine MRPs rather than "total returns," which is standard practice for finance professionals. The justificat...
AI summary The response to a request for justification and empirical support for using 'income only returns' for bonds to determine market risk premiums (MRPs) refers to Attachment 1 for source documents and confirms the use of historical MRPs from Kroll, which subtracts income-only returns on government bonds from stock returns.
N-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1)
62 passages
Regulated Statements of Income For the Three months ended Year ended millions of Canadian dollars December 31 December 31 Actual Test Year Prior Year Actual Test Year Prior Year 2024 2024 2023 2024 2024 2023 Operating revenues $ 478 $ 468...
AI summary The document presents Regulated Statements of Income for a utility company, comparing actual and test year figures for operating revenues, expenses, and net income across three months and year-ended periods in 2023 and 2024. Key items include fuel adjustment mechanisms, demand side management cost recovery riders, and income before income taxes.
REDACTED 2026-2027 GRA NSEB IR-2 Attachment 1 Page 5 of 6 REDACTED (CONFIDENTIAL INFORMATION REMOVED) As at December 31 millions of Canadian dollars 2024 Unregulated Retained Earnings Unregulated retained earnings - December 31, 2023 $181....
AI summary The document provides a detailed breakdown of financial figures related to unregulated retained earnings, property, plant, and equipment, as well as deferred income taxes and related party transactions for the period ending December 31, 2024. Key items include unregulated retained earnings, capital projects, and adjustments related to tax and financing expenses.
Derivatives and Hedging Activities NSPI's risk management policies and procedures provide a framework through which management monitors various risk exposures. The risk management policies and practices are overseen by the Board of Directo...
AI summary NSPI manages commodity and foreign exchange risks through derivatives and hedging activities, with oversight by the Board of Directors. Derivatives are accounted for under regulatory accounting treatment, with fair value changes deferred to regulatory assets or liabilities. Gains or losses from derivatives are passed to customers through the Fuel Adjustment Mechanism (FAM).
Inventory Fuel and materials inventories are valued at the lower of cost or net realizable value, unless evidence indicates that the weighted-average cost will be recovered in future customer rates.
AI summary Fuel and materials inventories are valued at the lower of cost or net realizable value, unless evidence suggests that the weighted-average cost will be recovered in future customer rates.
Regulatory assets and liabilities as at December 31, excluding certain regulatory assets related to PP&E and AROs as discussed in notes 13 and 19, consisted of the following: As at December 31 December 31 millions of dollars 2024 2023 Regu...
AI summary The text provides a breakdown of regulatory assets and liabilities as of December 31, 2024, and 2023. Key items include deferred income tax regulatory assets, deferrals related to derivative instruments, and the impact of Hurricane Fiona. The Fuel Adjustment Mechanism (FAM) is also referenced, with notable changes in its regulatory asset and liability balances.
FAM: On April 17, 2024, the UARB approved the sale of $117 million of the FAM regulatory asset to Invest Nova Scotia, a provincial Crown corporation. On April 30, 2024, the transaction closed and the $117 million was remitted to NSPI, whic...
AI summary The UARB approved the sale of the FAM regulatory asset to Invest Nova Scotia, resulting in a decrease in the asset and the collection of amortization and financing costs from customers over 10 years. An audit of NSPI's fuel costs found a disallowance of $3 million for fiscal 2020 and 2021, which was returned to customers through the FAM. The audit for fiscal 2022 and 2023 was released, and a regulatory hearing is scheduled for March 2025.
"FAM and other deferrals" recognized in the Consolidated Statements of Income consisted of the following: For the Year ended December 31 millions of dollars 2024 2023 FAM: Over (under)-recovery of fuel costs (1) (2) $ 350 $ (78) 2020 – 202...
AI summary The Consolidated Statements of Income show that 'FAM and other deferrals' for 2024 totaled $350 million, driven largely by a $486 million over-recovery of fuel costs due to a refund of previous NSPML assessment payments. This contrasts with a $98 million deficit in 2023.
The regulatory asset or liability balance associated with these deferrals as at December 31, 2024 (refer to the "Regulatory Assets and Regulatory Liabilities" section) includes associated interest which is recorded as "Interest expense, ne...
AI summary The text discusses the regulatory asset or liability balance related to deferrals as of December 31, 2024, including interest recorded as 'Interest expense, net.' It also mentions a $166 million under-recovery of fuel costs in Q1 2023 due to the reversal of Nova Scotia Cap-and-Trade Program compliance costs.
Nova Scotia Cap-and-Trade ("Cap-and-Trade") Program: On January 1, 2023, the FAM included a cumulative $166 million in fuel costs related to the accrued purchase of emissions credits and $6 million related to credits purchased from provinc...
AI summary The FAM included $166 million in fuel costs for emissions credits purchased by NSPI, which were reversed in Q1 2023 after the Province provided sufficient emissions allowances. The $6 million spent on credits from provincial auctions was not refunded, and no further compliance costs were incurred.
Extra Large Industrial Active Demand Tariff: On July 5, 2023, NSPI received UARB approval to change the methodology by which fuel recovery from an industrial customer is calculated. Due to significant volatility in commodity prices in 2022...
AI summary NSPI received UARB approval in July 2023 to change the fuel recovery methodology for an industrial customer, shifting fuel costs to the FAM. This change, effective January 1, 2022, resulted in a $51 million increase to the FAM regulatory asset and had minimal impact on earnings.
6. INTEREST EXPENSE, NET For the Year ended December 31 millions of dollars 2024 2023 Interest on debt $ 197 $ 202 Interest on FAM balance (19) (11) Interest revenue, net (9) (10) Reserve on interest on FAM balance (1) - (8) Allowance for...
AI summary The interest expense, net, for 2024 was $168 million, compared to $170 million in 2023. Key items include interest on debt, interest on FAM balance, and a reserve related to the Cap-and-Trade program. The reserve was reversed in Q1 2023 after NSPI received additional emissions allowances.
2025 2026-2027 millions Purchases Purchases Commodity swaps and forwards: Natural gas (MMBtu) 12 12 Power (MWh) 1 - Coal (Metric Tonnes) 1 - Physical natural gas purchases: Natural gas (MMBtu) 6 - As at December 31, 2024, the Company had t...
AI summary The document outlines the Company's commodity purchases and foreign exchange contracts for 2025 and 2026-2027. It includes natural gas, power, and coal purchases, as well as foreign exchange forward contracts designated for regulatory deferral. NSPI plans to adjust these hedges periodically based on forecast requirements.
As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...
AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.
Commodity Price Risk The Company's fuel supply is subject to commodity price risk. The Company's fuel supply is exposed to broader global market conditions, which may include impacts on delivery reliability and price, despite contracted te...
AI summary The Company's fuel supply is subject to commodity price risk due to global market conditions, including currency fluctuations, geopolitical risks, and natural disasters. Prolonged increases in fuel prices could affect rate affordability, cost recovery, and customer consumption patterns.
F. Collaborative Arrangements For the years ended December 31, 2024 and 2023, the Company has identified the following material collaborative arrangements: The Company is a participant in three wind energy projects in Nova Scotia. The perc...
AI summary NSPI is involved in three wind energy projects in Nova Scotia with varying ownership percentages. NSPI has power purchase agreements to buy the entire net output of these projects, and the associated revenues and expenses are recorded in regulated fuel and operating expenses. Financial figures for 2024 and 2023 are provided for each project.
proved regulated return on equity ("ROE") range is 8.75 per cent to 9.25 per cent, based on an actual five-quarter average regulated common equity component of up to 40 per cent of approved rate base. NSPI has a UARB approved Fuel Adjustme...
AI summary NSPI has a UARB approved Fuel Adjustment Mechanism allowing it to recover fluctuating fuel costs from customers. The regulated return on equity range is set between 8.75% and 9.25%, based on a five-quarter average. The energy industry is seasonal, affecting demand and service costs, with quarterly results not necessarily reflective of annual performance.
Federal Loan Guarantee: On September 24, 2024, the Government of Canada finalized an agreement with NSPI, NSP Maritime Link Inc. ("NSPML") and the Province of Nova Scotia on terms and conditions for a federal loan guarantee of $500 million...
AI summary The Government of Canada provided a $500 million federal loan guarantee to NSPML to manage unrecovered costs from the Muskrat Falls project delay. The UARB approved NSPML's debt issuance and NSPI's application to increase 2025 fuel rates to service the debt.
FAM Application: On April 17, 2024, the UARB approved the sale of $117 million of the FAM regulatory asset to Invest Nova Scotia, a provincial Crown corporation. On April 30, 2024, the transaction closed and the $117 million was remitted t...
AI summary The UARB approved the sale of $117 million of the FAM regulatory asset to Invest Nova Scotia, which was completed on April 30, 2024. NSPI is now collecting amortization and financing costs from customers over 10 years and remitting the amounts to Invest Nova Scotia quarterly.
Consolidated Statements of Income For the Three months ended Year ended millions of dollars December 31 December 31 2024 2023 2024 2023 Operating revenues $ 479 $ 439 $ 1,855 $ 1,671 Fuel for generation and purchased power (216) 234 509 77...
AI summary The consolidated statements of income for Nova Scotia Power Inc. show increased operating revenues and net income for the three months and year ended December 31, 2024, compared to 2023. Key factors include changes in fuel costs, FAM deferrals, and DSM expenses.
NSPI's electric revenues are affected by rates approved by the UARB and electric sales volumes. NSPI's electric revenues include revenues related to the recovery of fuel costs and non-fuel costs. The FAM allows NSPI to recover all prudentl...
AI summary NSPI's electric revenues depend on UARB-approved rates and sales volumes influenced by factors like weather, customer numbers, usage, and DSM activities. Fuel costs are recovered through the FAM, which has minimal impact on net income. Customer segments include residential, commercial, industrial, and other categories.
NSPI's fuel costs are affected by commodity prices and generation mix, which is largely dependent on economic dispatch of the generating fleet. NSPI brings the lowest cost options on stream first after renewable energy from IPPs including...
AI summary NSPI's fuel costs are influenced by commodity prices and the generation mix, which depends on economic dispatch, renewable energy from IPPs, and the NS Block. Thermal plant availability remained stable in 2024, supporting reliable energy delivery during the transition to renewable generation.
Production volumes by fuel type and average fuel cost are summarized in the following table: For the Three months ended Year ended GWh (except as indicated) December 31 December 31 2024 2023 2024 2023 Coal 976 764 3,347 3,086 Natural gas 5...
AI summary The document presents a summary of production volumes by fuel type and average fuel cost for a given period. It includes data on coal, natural gas, purchased power, petcoke, oil, and renewable energy sources such as wind, hydro, solar, and biomass. The data is presented for both the three months ended and the year ended on December 31 for the years 2023 and 2024.
Average fuel costs per MWh decreased significantly in Q4 2024 compared to Q4 2023, primarily due to a refund of previous NSPML assessment payments. For further details refer to the "Developments" section above. Lower commodity pricing driv...
AI summary Average fuel costs per MWh decreased in Q4 2024 compared to Q4 2023 due to a refund of previous NSPML assessment payments and lower commodity pricing from changes in solid fuel. These decreases were partially offset by an unfavourable generation mix and increased compliance costs from the Cap-and-Trade program.
Highlights of the changes are summarized in the following table: For the Three months ended Year ended millions of dollars December 31 December 31 Fuel for generation and purchased power – 2023 $ 234 $ 777 2023 Nova Scotia Cap-and-Trade Pr...
AI summary The document highlights changes in fuel costs for generation and purchased power in 2023 and 2024, including a reversal of the 2023 Nova Scotia Cap-and-Trade Program provision, which resulted in a fuel cost recovery of $166 million due to additional emissions allowances provided to NSPI.
FAM and FAM Regulatory Deferral NSPI has a UARB approved FAM, allowing NSPI to recover fluctuating fuel and certain fuel-related costs from customers through annual fuel rate adjustments. Differences between prudently incurred fuel costs a...
AI summary NSPI has a UARB-approved FAM allowing recovery of fuel costs from customers. Recent developments include the sale of a portion of the FAM regulatory asset to Invest Nova Scotia, the refund of $4 million to customers following audit findings, and an ongoing regulatory process related to audit results for fiscal 2022 and 2023.
Significant changes in the Consolidated Balance Sheets between December 31, 2024 and December 31, 2023 include: Increase millions of dollars (Decrease) Explanation Assets Cash $ (78) Decreased due to timing of receipts Inventory (50) Decre...
AI summary The Consolidated Balance Sheets show significant changes between 2023 and 2024, including decreases in cash, inventory, and regulatory assets, and increases in derivative instruments, pension assets, and property, plant, and equipment. These changes are attributed to factors like timing of receipts, commodity prices, capital investment, and regulatory deferrals related to the Fuel Adjustment Mechanism (FAM).
Transactions between the Company and its related parties reported in the Consolidated Statements of Income and Consolidated Balance Sheets are as follows: For the Year ended millions of dollars December 31 Nature of Service Presentation 20...
AI summary The document details transactions between the Company and related parties, including sales and purchases of services and energy, as well as the issuance of common shares to Emera. Notable figures include a significant decrease in shares issued in 2024 compared to 2023.
Foreign Exchange Risk The Company is exposed to foreign currency exchange rate changes. NSPI may enter foreign exchange forward and swap contracts to limit exposure on certain foreign currency transactions such as fuel purchases and capita...
AI summary NSPI is exposed to foreign exchange risk, particularly from USD-denominated fuel purchases. To mitigate this, NSPI uses forward contracts to lock in CAD costs for USD. The regulatory framework allows recovery of prudently incurred foreign exchange costs. As of December 31, 2024, NSPI had forward contracts covering 51% of 2025 USD requirements and 18% of anticipated USD needs in 2025.
Supply Chain Risk NSPI's ability to meet customer energy requirements, respond to storm-related disruptions and invest in capital in a cost-effective and timely manner are dependent on maintaining an efficient supply chain. Domestic and gl...
AI summary NSPI's operations are vulnerable to supply chain risks, including delays, cost increases, and shortages due to domestic and global issues, inflation, labor shortages, and regulatory changes. These risks could impact the company's ability to meet customer needs and invest in capital projects.
Fuel Supply Disruptions: NSPI is also exposed to the risk of fuel supply chain disruptions, both within and outside NSPI's service territory, which may be caused by severe weather or natural disasters. This may also be caused by damage to,...
AI summary NSPI faces risks from fuel supply chain disruptions due to severe weather, natural disasters, or cyberattacks, which could increase commodity price risks and lead to a Material Adverse Effect.
Coal: A substantial portion of NSPI's coal supply comes from international suppliers, which was contracted at or near the market prices prevailing at the time of contract. The Company has entered into fixed-price and index price contractua...
AI summary NSPI sources a significant portion of its coal from international suppliers under fixed-price and index-price contracts. As of December 31, 2024, 100% of forecast coal requirements for 2025 and 11% for 2026 are hedged.
Natural Gas: NSPI periodically enters into physical and/or financial contracts based on forecast natural gas consumption to meet load and system security requirements. Volumes exposed to market prices are managed using financial instrument...
AI summary NSPI manages natural gas requirements through hedging programs, with 81% of 2025 and 49% of 2026 forecast volumes hedged as of December 31, 2024, to mitigate market price exposure.
Heavy Fuel Oil: NSPI periodically enters into physical and/or financial contracts based on forecast heavy fuel oil purchases to meet load and system security requirements. Volumes exposed to market prices are managed using financial instru...
AI summary NSPI manages heavy fuel oil requirements through physical and financial contracts, using a hedging program to mitigate market price risks. As of December 31, 2024, all forecast heavy fuel oil needs for 2025 are fully hedged.
RISK MANAGEMENT INCLUDING FINANCIAL INSTRUMENTS NSPI's risk management policies and procedures provide a framework through which management monitors various risk exposures. The risk management policies and practices are monitored by the Bo...
AI summary NSPI employs risk management policies and financial instruments, such as forwards and swaps, to mitigate commodity and foreign exchange risks. Derivatives are accounted for under regulatory guidelines, with fair value recognized on the balance sheet and changes deferred to regulatory assets or liabilities. Gains or losses from fuel-related derivatives are expected to be recovered from or passed on to customers through the Fuel Adjustment Mechanism (FAM).
The Company recognized the following net (losses) gains in income related to derivatives receiving regulatory deferral: For the Year ended millions of dollars December 31 2024 2023 Fuel for generation and purchased power (1) $ (36) $ 70 (1...
AI summary The Company reported net losses and gains related to derivatives with regulatory deferral, specifically in the 'Fuel for generation and purchased power' category, with a loss of $36 million in 2024 compared to a gain of $70 million in 2023. These gains and losses are tied to settled hedging relationships.
6 Corrected Values Year 2024 Forecast Load (GWh) GRA Forecast Load, Corrected Figure 4-1 (GWh) Variance (GWh) Year Over Year Change (GRA Forecast, percent) 2025 N/A 11,536 N/A N/A 2026 11,306 11,378 72 -1.4 2027 11,347 11,289 -58 -0.8 1 Re...
AI summary The text discusses corrected load forecasts for 2025, 2026, and 2027, noting variances between the 2024 forecast and GRA forecasts. It also addresses a request regarding the impact of load adjustments under the municipal tariff on peak demand and total energy, with a response indicating an increase in load forecast by 85 GWh but no change in peak demand. Additionally, it references requests related to BCF amounts and fuel and purchased power costs for 2026 and 2027.
1 4 • The amounts in reference 1 represent the amounts attributable to above-the-line 5 customers (ATL) on a smoothed basis as seen in part (a). 6 • The amounts in reference 2 represent the total fuel and purchased power forecasts for 2026...
AI summary The text references different financial figures related to fuel and purchased power forecasts for 2026 and 2027, distinguishing between above-the-line (ATL) and below-the-line (BTL) customers, and mentions the inclusion of additional fuel costs for four OATT MEUs under the Municipal Tariff.
18 $ Million 2026 2027 source Total Fuel and Purchased 918.6 918.4 OE-01 Att 1 and Att 2 Output 1 tab Power OATT MEUs additional Fuel 5.7 6.6 SR-01 Att 5 and Att 6 Data Inputs Cell 140 Cost Total Fuel and Purchased 924.3 925.0 Power Includ...
AI summary The document discusses fuel cost smoothing adjustments by NS Power, where they overcollect fuel costs in 2026 and undercollect in 2027 to achieve uniform rate increases. It also requests clarification on whether non-fuel costs were smoothed and how the FAM balance will be adjusted. NS Power confirms that only base fuel costs were smoothed, not non-fuel costs.
1 (b) Confirmed. 2 (c) Not confirmed. Load changes can also influence collection amounts. NS Power would be required to update its BCF in 2028 in any event as the GRA Application only resets the BCF in 2026 and 2027. If load were to stay c...
AI summary The text discusses the confirmation of certain matters and the potential need for NS Power to update its BCF in 2028 if load and fuel costs remain unchanged. It also estimates a 10% increase in percentage under specific assumptions.
13 Source : 2026-2027 GRA OR-01 Att 01 1 Request IR-27: 2 3 Reference: Exhibit N-3 GRA Direct Evidence, Section 5 Fuel and Purchased Power 4 5 On page 29 of the application, NS Power states: 6 7 8 9 10 NS Power's currently approved version...
AI summary The document addresses a request regarding the Fuel Manual used by NS Power, confirming that Revision #14 was filed with the Nova Scotia Utility and Review Board but is not approved by the Board. NS Power is responsible for managing its fuel portfolio prudently in the best interests of customers.
Affordability - NS Power's modelling shows that the current annual SO2 limits drive additional fuel cost in the range of $175 - $200 million, resulting in increased rate pressure as fuel costs are a direct pass through to customers. - The...
AI summary NS Power's modelling indicates that current annual SO2 limits increase fuel costs by $175 - $200 million annually, leading to higher rates for customers. These costs are driven by the use of higher-cost low sulphur coal, difficult-to-secure natural gas from the U.S., and uneconomical imports.
United States Markets Exposure • NS Power is working on reducing risk exposure to United States fuels markets by maximizing fuel purchases from domestic and other international sources where available and economic.
AI summary NS Power is taking steps to reduce its risk exposure to U.S. fuel markets by prioritizing fuel purchases from domestic and other international sources when economically viable.
1 Figure 1: Comparison of original SO2 limits, CoV SO 2 limits, and forecast SO2 emissions 1 Request IR-31: 27 fuel oil (HFO) generation. These options are more expensive than coal and result in higher 28 greenhouse gas (GHG) Output-Based...
AI summary The text discusses the impact of using fuel oil (HFO) generation, which is more expensive and results in higher GHG Output-Based Pricing System (OBPS) costs. It also highlights the benefits of the SO₂ Certificate of Variance (CoV) in aligning SO₂ emissions with GHG OBPS compliance and enabling efficient use of fossil fuel fleet in the short term. Long-term models indicate that SO₂ emissions will naturally fall below CoV limits after 2030, reducing compliance costs.
Section 4 of the Community Solar Program Regulations provides "A subscriber must not be charged any additional fees by NSPI or a project owner to participate in the community solar program," and Section 5 provides "A subscriber is billed b...
AI summary The document discusses NS Power's use of heavy fuel oil (HFO) in January and February 2025 due to lower HFO costs compared to natural gas, despite sulphur dioxide emission constraints limiting solid fuel generation. It also raises a question about whether NS Power has considered using a Virtual Power Plant or other means to reduce fuel consumption in such scenarios.
1 wharf /buoy chain inspection and maintenance, and third-party compliance 2 program costs for heavy fuel oil. (emphasis added) 3 4 In the Decision regarding M11127, the Board approved the third-party compliance 5 program costs for heavy f...
AI summary The text mentions the approval of third-party compliance program costs for heavy fuel oil as allowable fuel costs starting in 2023, referencing Decision M11127.
NON-CONFIDENTIAL 1 Request IR-35: 2 3 Reference: Exhibit N-5, Appendix 6A Fuel Adjustment Mechanism Plan of Administration, 4 Section 3.1. 5 6 Why has NS Power removed the reference to carrying costs being paid by customers paying 7 a bala...
AI summary NS Power removed a reference to carrying costs being paid by customers making payments over time in the Fuel Adjustment Mechanism (FAM) Plan of Administration (POA). The company explains that carrying costs are still applied consistently with the FAM Framework, ensuring both customers and NS Power are kept whole through monthly FAM reports and interest calculations.
1 Request IR-36: 2 3 Reference: Exhibit N-3 GRA Direct Evidence, Section 2.2 FAM Treatment 4 5 a) Please reconcile the forecast total FAM balance owing from customers at the end of 6 2025 of approximately $94 million (from the August 2025...
AI summary The document addresses discrepancies in the Fuel Adjustment Mechanism (FAM) balance, reconciling the forecasted balance of approximately $94 million at the end of 2025 with the FAM deferral balance in RB-2-16. The increase is attributed to higher HFO consumption during winter 2025, constrained by the delayed SO2 emissions Certificate of Variance and increased natural gas prices. Additionally, provincial legislation affecting biomass energy prices at Brooklyn Power contributed to the increase in FAM fuel costs.
The other main driver of the increase in the under-recovery in the FAM balance is the increase in forecast FAM fuel costs for the remainder of the year, i.e. September to December 2025. This is primarily due to the forecast used in develop...
AI summary The increase in under-recovery in the FAM balance is driven by higher forecasted fuel costs for the remainder of 2025, as the forecast used in monthly FAM reports did not account for the SO2 emissions CoV cost savings, unlike the GRA filing forecast completed in April 2025.
Figure 1: FAM Balance Reconciliation 16 17 18 19 20 21 22 23 FAM Over-Recovery per RB-2-16 ($0.3M) Change in actuals for January to August 2025 Increase in Actual FAM Fuel Costs $68.9M Decrease in Actual BCF Revenue $4.0M Reduced Actual In...
AI summary The document discusses the FAM Balance Reconciliation, showing an over-recovery of ($0.3M) and under-recovery of ($93.8M). It references M11393, which outlines the purpose of the FAM Asset Sale to Invest Nova Scotia, aimed at reducing the required increase to fuel rates for previously unrecovered fuel costs.
NON-CONFIDENTIAL treated as a one-time reduction in the carrying balance of the FAM in April 2024. As the interest rate on the repayment of $117 million to Invest Nova Scotia is less than NS Power's weighted average cost of capital, the re...
AI summary NS Power is managing a one-time reduction in the FAM balance due to a repayment to Invest Nova Scotia, which results in lower interest recovery from customers. The repayment is collected on behalf of Invest Nova Scotia, and the amounts are tracked outside the FAM. NS Power anticipates filing an AA/BA Application in Q4 2025 and is working with stakeholders to mitigate rate impacts for the 2026/2027 test period.
1 Request IR-37: 2 3 Reference: Exhibit N-3 GRA Direct Evidence Appendix 5A 4 Prior general rate applications have included a Fuel Update in late August of the filing. 5 a) Please provide the date on which the fuel and purchased power assu...
AI summary The document discusses fuel and purchased power assumptions in a GRA application, referencing a pricing date of October 29, 2024, and explains an increase in O&M costs for NSPML due to submarine cable maintenance activities. It also mentions updated figures and the role of the FAM in balancing variances.
Earnings Outlook Earnings for NSPI have generally been very stable, reflecting the regulated nature of its operations. The Company has a FAM in place that allows it to recover actual fuel costs from customers through annual rate adjustment...
AI summary NSPI's earnings have been stable due to its regulated operations and a Fuel-Adjustment Mechanism (FAM) that recovers fuel costs. Earnings rose in 2023 due to a 1.8% base-rate increase, but ROE was below the approved band. Financial improvement is expected with the next General Rate Application (GRA) in 2026.
1. Low-risk regulated electricity business The Company's current regulatory framework is based on a cost-of-service (COS) methodology, under which NSPI can recover all prudently estimated operating expenses and earn a reasonable return on...
AI summary NSPI operates under a cost-of-service regulatory framework that allows recovery of operating expenses and a reasonable return on capital investments. The company's target ROE range is considered reasonable. A FAM is used to mitigate fuel price risks, but recent provincial intervention in the GRA process has increased regulatory risk and instability for the company.
3. Unfavourable generation mix As a result of the current generation mix, NSPI is dependent on international suppliers for its fuel supply, exposing the Company to volatile global pricing. This exposure, combined with continued investment...
AI summary NSPI faces challenges due to its reliance on international fuel suppliers, leading to higher electricity rates. While the Muskrat Falls project will reduce coal use, coal-based assets will remain until 2030. Compliance with the Canada-Nova Scotia Equivalency Agreement is expected until 2029, but full coal plant closure by 2030 will require significant investment.
5. Regulatory lag NSPI faces some regulatory risk with respect to the timeliness of fuel cost recovery, although this risk is lower now than when the FAM was not in place. Although the FAM allows the Company to recover fluctuating fuel exp...
AI summary NSPI faces some regulatory risk related to the timeliness of fuel cost recovery, though this risk has decreased since the implementation of the FAM. The FAM allows NSPI to recover fluctuating fuel costs annually, but adjustments require NSUARB approval. The impact of fluctuating fuel prices is expected to decrease with the contribution of renewable energy from the Muskrat Falls Hydroelectric Project.
Appendix 2—Regulation - NSPI operates under the NSUARB's regulatory environment using a COS methodology that allows the Company to recover all prudently estimated operating expenses and earn a reasonable return on approved capital investme...
AI summary NSPI operates under the NSUARB's regulatory framework, with a target ROE range of 8.75% to 9.25%. Bill 212 in 2022 imposed caps on base-rate increases and ROE. In 2023, the NSUARB approved a negotiated settlement with a 6.9% average rate increase for 2023 and 2024, including a Storm Rider and a FAM. In 2024, the NSUARB approved a Storm Rider of $24 million and the 2024 ACE plan. NSPI also sold a portion of its FAM asset to the Province and issued debt guaranteed by the federal government.
Page 12 of 13 Assessment of Regulatory Framework Page 12 of 13 Criteria Score Analysis Page 12 of 13 1. Deemed Equity Page 12 of 13 Page 12 of 13 Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an act...
AI summary The document assesses the regulatory framework for NSPI, focusing on deemed equity, allowed ROE, energy cost recovery, capital and operating cost recovery, COS versus incentive rate mechanisms, political interference, stranded cost recovery, and rate freezes. Bill 212 is highlighted as a key legislative change impacting NSPI's regulatory environment and cost recovery mechanisms.
January 28, 2025 What's new: Nova Scotia Power Inc. (NSPI) recently received a Canadian federal loan guarantee to securitize C$500 million of current and future fuel balances at NSPI; the company used proceeds toward reducing debt at NSPI....
AI summary Nova Scotia Power Inc. (NSPI) received a Canadian federal loan guarantee to securitize C$500 million in fuel balances, reducing debt and regulatory lag. This, along with provincial support, will improve NSPI's credit measures and reduce rate impacts on customers. S&P Global Ratings revised Emera and its subsidiaries' outlook to stable from negative due to these developments.
Outlook The stable outlook on NSPI reflects the stable outlook of its parent Emera, as well as our expectation that NSPI's FFO to debt will average about 10%-11% through 2026. The improvement in credit measures from recent years is largely...
AI summary The stable outlook for Nova Scotia Power Inc. (NSPI) is tied to its parent company Emera and expected FFO to debt ratios of 10%-11% through 2026. Credit improvements are attributed to the securitization of deferred fuel costs and reduced debt.
2026 2027 (Percent) (Percent) S&P Credit Metrics GRA Forecast 12.3 12.8 S&P Credit Metrics without Securitization 10.7 11.2 DBRS Credit Metrics GRA Forecast 12.1 12.7 DBRS Credit Metrics without Securitization 10.7 11.1 1 Request IR-123: 2...
AI summary The document discusses significant developments affecting Nova Scotia Power (NS Power) since the 2023-2024 GRA, including the approval of a Fuel Adjustment Mechanism (FAM) Rider, a Supplemental Assessment, changes in the Bank of Canada's overnight rate, the creation of the Nova Scotia Independent Energy System Operator (NSIESO), and NS Power's intention to securitize about $704 million of thermal assets by the end of 2025. It also requests confirmation of the impact of these factors on NS Power's risk profile.
Power? - 4 (c) Given the above developments, why was Concentric's recommended ROE for NS 5 Power not materially lower than in its evidence in the 2023-2024 GRA? - 7 Response IR-123: 3 6 8 - 9 (a) Impact on NSPI's business and/or financial...
AI summary The response discusses the impact of the Fuel Adjustment Mechanism (FAM) Rider and a Supplemental Assessment on NS Power's financial risk and customer benefits. These provisions help manage short-term fuel cost issues over a longer period, improving NS Power's cash position and credit outlook, although they do not fully resolve prior fuel cost recovery issues.
NON-CONFIDENTIAL Category ($ Million) 2023 2024 2025 2026 2027 Fuel & Purchased Power $777.0 $509.2 $918.6 $918.4 OM&G 326.0 328.5 351.8 357.9 Demand Side Management 50.0 57.5 63.8 63.8 Expense Depreciation and Accretion 265.4 275.8 282.4...
AI summary The text presents a table outlining financial categories and their values for various years, including Fuel & Purchased Power, OM&G, Demand Side Management, and others. It references a request for information regarding employee transfers from NS Power to the NSIESO and mentions specific exhibits and applications related to the revenue requirement.
N-69Response to Undertaking U-10 - Redacted
62 passages
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AI summary The document discusses regulatory issues related to energy efficiency, cost recovery, and stakeholder engagement in Nova Scotia. It addresses topics such as fuel-cost-adjustment mechanisms, demand-side management, and the integration of renewable energy resources. The proceedings involve considerations of affordability, program evaluation, and stakeholder participation in regulatory decisions.
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AI summary The text discusses the NSURB's handling of a regulatory proceeding, focusing on the fuel-cost-adjustment mechanism and its impact on rates and money. It mentions the NSP and the NSURB as entities involved in the proceeding, and references a specific matter number and a financial figure.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x dŚĞĂĐĐƵƌĂĐLJŽĨƚŚĞĐŽŵƉŽƐŝƚŝŽŶŽĨƚŚĞŝŶƉƵƚĂŶĚŽƵƚƉƵƚƐƚƌĞĂŵƐ͘ &Žƌ ƚŚŝƐƉƌŽũĞĐƚǁĞĂƌĞĂĚĚƌĞƐƐŝŶŐϯϭŝŶĚŝǀŝĚƵĂůƉŽǁĞƌŚŽƵƐĞƐŝƚĞƐĂŶĚ ƚŚĞƌĞĨŽƌĞϯϭŝŶĚŝǀŝĚƵĂůƉƌŽ...
AI summary The document discusses the NSURB's proceedings regarding the regulation of utility rates and the implementation of energy efficiency programs. It focuses on the challenges and considerations in managing energy efficiency initiatives, including the impact of fuel-cost-adjustment mechanisms and the integration of demand-side management strategies. The analysis highlights the importance of stakeholder engagement and regulatory oversight in ensuring equitable and effective program implementation.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ WůĞĂƐĞĂůƐŽŶŽƚĞ ƚŚĂƚ ƚŚĞ ĚĞĐŽŵŵŝƐƐŝŽŶŝŶŐ ĐŽƐƚĞƐƚŝŵĂƚĞƐŚĞƌĞŝŶĚŽŶŽƚŝŶĐůƵĚĞďƌŽĂĚĞŶǀŝƌŽŶŵĞŶƚĂů ĂƐƐĞƐƐŵĞŶƚƐ Žƌ ĐŽƐƚƐ ĨŽƌ ƵŶĨŽƌĞƐĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂů ĐůĞĂ...
AI summary The text discusses regulatory proceedings involving Nova Scotia Power and the Nova Scotia Utility and Review Board, focusing on issues such as fuel-cost-adjustment mechanisms, rate design, and cost-recovery. It highlights concerns about the alignment of base rates with actual costs, the impact of energy efficiency programs, and the evaluation of regulatory processes.
Ϯ͘ ĞŵŽůŝƚŝŽŶĂƚĞŐŽƌŝĞƐ WŽǁĞƌŚŽƵƐĞƐĂŶĚƌĞůĂƚĞĚƐƚƌƵĐƚƵƌĞƐŝŶƚŚĞEŽǀĂ^ĐŽƚŝĂWŽǁĞƌ/ŶĐ͘,LJĚƌŽWƌŽĚƵĐƚŝŽŶĐƵƌƌĞŶƚůLJŝŶƐĞƌǀŝĐĞ ǁĞƌĞĞƌĞĐƚĞĚĂŶĚĐŽŵŵŝƐƐŝŽŶĞĚďĞƚǁĞĞŶƚŚĞůĂƚĞϭϵϮϬ͛ƐĂŶĚƚŚĞϭϵϴϬ͛Ɛ͘^ŝŶĐĞƚŚĞŶďƵŝůĚŝŶŐƚĞĐŚŶŽůŽŐLJ ĂŶĚ ƌĞůĂƚĞĚ ĐŽĚĞƐ ĂŶĚ ŐƵŝĚĞůŝŶĞƐ ŚĂǀĞ...
AI summary The document discusses historical and ongoing regulatory proceedings related to utility and review board matters, including fuel-cost-adjustment mechanisms, energy efficiency programs, and regulatory compliance. It references past and current proceedings, legislative frameworks, and stakeholder engagement.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĐŽŶƐŝĚĞƌŝŶůĞƚͬŝŶƚĂŬĞĐŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚĐŽŶĚŝƚŝŽŶƐ͕ŐĞŶĞƌĂůďƵŝůĚŝŶŐĂƌĐŚŝƚĞĐƚƵƌĞĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶĂƐǁĞůů ĂƐŽƵƚůĞƚͬĚƌĂĨƚͲƚƵďĞĂŶĚƚĂŝůƌĂĐĞĂƌƌĂŶŐĞŵĞŶƚƐ͗
AI summary The text discusses regulatory proceedings involving Nova Scotia Power and the Nova Scotia Utility and Review Board, focusing on topics such as fuel-cost-adjustment mechanisms, rate design, and cost-recovery strategies.
/͘ /ŶƚĂŬĞƌƌĂŶŐĞŵĞŶƚĞŵŽůŝƚŝŽŶĂƚĞŐŽƌŝĞƐ͗ - x ĂƚĞŐŽƌLJʹWŽǁĞƌŚŽƵƐĞƐǁŝƚŚƉĞŶƐƚŽĐŬƉŝƉĞůŝŶĞĂďŽǀĞŐƌŽƵŶĚ͕ŶŽƌŵĂůůLJĂƚƚŚĞƌĞĂƌŽĨƚŚĞƉŽǁĞƌŚŽƵƐĞ͘ dŚŝƐĂƌƌĂŶŐĞŵĞŶƚŶŽƌŵĂůůLJƐƵŐŐĞƐƚƐƚŚĂƚƚŚĞƉŽǁĞƌŚŽƵƐĞǁŝůůŚĂǀĞĂƐŚĂůůŽǁĞƌĐŽŶĐƌĞƚĞƐƵďƐƚƌƵĐƚƵƌĞ͘ - x ĂƚĞŐŽƌLJʹWŽǁĞƌŚŽ...
AI summary The text discusses the need for adjustments in the fuel-cost-adjustment mechanism to align base rates with actual costs, highlighting issues with current mechanisms creating perverse incentives and the importance of timely rate adjustments.
//͘ ƌĐŚŝƚĞĐƚƵƌĂůĞŵŽůŝƚŝŽŶĂƚĞŐŽƌŝĞƐ͗ - x ĂƚĞŐŽƌLJʹďŽǀĞŐƌŽƵŶĚďƌŝĐŬĂŶĚŵŽƌƚĂƌ͕ZĞŝŶĨŽƌĐĞĚŽŶĐƌĞƚĞĂŶĚƐƚƌƵĐƚƵƌĂůƐƚĞĞůƐƵƉĞƌƐƚƌƵĐƚƵƌĞ ǁŝƚŚZĞŝŶĨŽƌĐĞĚŽŶĐƌĞƚĞ^ƵďƐƚƌƵĐƚƵƌĞ͘dŚŝƐĂƌƌĂŶŐĞŵĞŶƚŝƐŶŽƌŵĂůůLJůŝŐŚƚĞƐƚĂŶĚĞĂƐŝĞƐƚƚŽĚŝƐŵĂŶƚůĞ͘ tŝƚŚƐŽŵĞĞdžĐĞƉƚŝŽŶƐ͕ŵĂŶL...
AI summary The proceeding discusses the evaluation of Nova Scotia Power's fuel-cost-adjustment mechanism and related regulatory matters, including the impact of base rates lagging actual costs and the need for adjustments in the context of past and future proceedings.
///͘ KƵƚůĞƚ͕ƌĂĨƚͲdƵďĞĂŶĚdĂŝůƌĂĐĞƌƌĂŶŐĞŵĞŶƚĂƚĞŐŽƌŝĞƐ͗ - x ĂƚĞŐŽƌLJʹZĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞĂŶĚͬŽƌƐƚĞĞůĚƌĂĨƚƚƵďĞĂŶĚĚŝƌĞĐƚ;ŽƌŶĞĂƌĚŝƌĞĐƚͿŽƵƚĨůŽǁŽĨƚĂŝůƌĂĐĞ ŝŶƚŽƚŚĞŽƌŝŐŝŶĂůǁĂƚĞƌĐŽƵƌƐĞ͘dŚŝƐĂƌƌĂŶŐĞŵĞŶƚǁŝůůƌĞƋƵŝƌĞƚŚĞůĞĂƐƚĚŽǁŶƐƚƌĞĂŵƌĞŵĞĚŝĂƚŝŽŶǁŽƌŬĂƐ ĂƌĞƐƵ...
AI summary The text discusses the challenges related to rate adjustments and the need for a more accurate mechanism to reflect actual costs, as well as the importance of ensuring fair and reasonable adjustments in utility pricing. It highlights the need for alignment between base rates and actual costs to avoid perverse incentives.
//͘ ƌĐŚŝƚĞĐƚƵƌĂůĞŵŽůŝƚŝŽŶĂƚĞŐŽƌŝĞƐ͗ - x ĂƚĞŐŽƌLJʹďŽǀĞŐƌŽƵŶĚďƌŝĐŬĂŶĚŵŽƌƚĂƌ͕ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞĂŶĚƐƚƌƵĐƚƵƌĂůƐƚĞĞůƐƵƉĞƌƐƚƌƵĐƚƵƌĞǁŝƚŚ ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞƐƵďƐƚƌƵĐƚƵƌĞ͘dŚĞĨŽůůŽǁŝŶŐƉŽǁĞƌŚŽƵƐĞƐƌĞĨůĞĐƚƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͗ - ŝ͘ ǀŽŶEŽ͘ϭĞǀĞůŽƉŵĞŶƚ
AI summary The document discusses the NSURB's handling of a proceeding involving Nova Scotia Power, focusing on the fuel-cost-adjustment mechanism and related regulatory issues. The text references specific matters and highlights the need for alignment between base rates and actual costs.
ϯ͘ WůĂŶŶĞĚĞŵŽůŝƚŝŽŶDĞƚŚŽĚŽůŽŐLJ 'ĞŶĞƌĂůŽǀĞƌĂůůĚĞŵŽůŝƚŝŽŶŵĞƚŚŽĚŽůŽŐLJǁŝůůŝŶǀŽůǀĞǀĂƌŝŽƵƐ ƐƚĞƉƐŝŶĞƐƚĂďůŝƐŚŝŶŐ ƐŝƚĞ ƐĞĐƵƌŝƚLJ͕ǁŽƌŬĞƌ ƐĂĨĞƚLJĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƚŝŽŶĚƵƌŝŶŐƚŚĞĚŝƐŵĂŶƚůŝŶŐ͕ĚĞŵŽůŝƚŝŽŶĂŶĚƌĞƐƚŽƌĂƚŝŽŶƉƌŽĐĞƐƐ͘ ĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐǁŝůůĐŽ...
AI summary The text discusses the implementation of a fuel-cost-adjustment mechanism by Nova Scotia Power (NSP) and the NSURB's oversight of this process. It highlights concerns about the mechanism's impact and the need for adjustments to ensure fairness and accuracy in cost recovery.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ŝŵƉŽƌƚĞĚĨŝůůĂƐŶĞĐĞƐƐĂƌLJ͘ůŽŶŐǁŝƚŚƐŝŐŶŝĨŝĐĂŶƚĞdžĐĂǀĂƚŝŽŶƐǁŝůůďĞĂƌĞƋƵŝƌĞŵĞŶƚĨŽƌǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚ ĂƐƐƵƌĨĂĐĞĂŶĚŐƌŽƵŶĚǁĂƚĞƌǁŝůůŝŶĨŝůƚƌĂƚĞĞdžĐĂǀĂƚŝŽŶƐĂ...
AI summary The text discusses the implications of the fuel-cost-adjustment mechanism, the need for accurate rate design, and the importance of aligning cost recovery with actual expenses. It highlights issues with current practices, such as delayed rate adjustments and misaligned incentives, and the potential for improved efficiency and fairness in utility regulation.
ϱ͘ ^ĂůǀĂŐĞsĂůƵĞƐ ^ĂůǀĂŐĞsĂůƵĞƐ͗ WĞƌƚŝŶĞŶƚƉŽƐƚĞĚŵĂƚĞƌŝĂůƐĂůǀĂŐĞǀĂůƵĞƐĨŽƌDŝƐƐŝƐƐĂƵŐĂKŶƚĂƌŝŽŽŶ:ƵůLJϭϲ͕ϮϬϭϴĂƌĞĂƐĨŽůůŽǁƐ͗ EŽƚĞƚŚĂƚŶŝĐŬĞůĂŶĚŽƚŚĞƌŵĞƚĂůŵĂƚĞƌŝĂůƐǁŝůůďĞĂǀĂŝůĂďůĞŝŶƐŵĂůůƋƵĂŶƚŝƚŝĞƐďƵƚǁŝůůŝŶĂůůůŝŬĞůŝŚŽŽĚŶŽƚ ďĞǁŽƌƚŚĞĨĨŽƌƚƐƌĞƋƵŝƌĞĚƚŽƐĂůǀ...
AI summary This section discusses the implementation of a fuel-cost-adjustment mechanism and its impact on rate structures, including concerns about potential perverse incentives and the need for alignment between base rates and actual costs. It references a specific date and a regulatory body involved in the process.
ϭ͘ ǀŽŶ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞǀŽŶ,LJĚƌŽ'ĞŶĞƌĂƚŝŶŐ^LJƐƚĞŵ͕ůŽĐĂƚĞĚŽŶ ƚŚĞǀŽŶZŝǀĞƌ͕ƵƉƐƚƌĞĂŵŽĨDĂƌƚŽĐŬ͕ŽƵƚƐŝĚĞ tŝŶĚƐŽƌ ŝŶ ,ĂŶƚƐ ŽƵŶƚLJ ŽĨ EŽǀĂ ^ĐŽƚŝĂ͕ ŝƐ ĐŽŵƉƌŝƐĞĚ ŽĨ ƚǁŽ ,LJĚƌŽͲĞůĞĐƚƌŝĐ ŐĞŶĞƌĂƚŝŶŐ ĚĞǀĞůŽƉŵĞŶƚƐŶĂŵĞůLJǀŽŶEŽ͘ϭĂŶĚǀŽŶEŽϮ͘ dŚĞ͞ƌƵŶͲŽĨ...
AI summary The document discusses the NSURB's handling of the rate proceeding and fuel-cost-adjustment mechanism, referencing past proceedings and the impact of base rates lagging actual costs. It also references past regulatory actions and mechanisms related to Nova Scotia Power.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĂďĂƚĞŵĞŶƚŽƌŽƚŚĞƌŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůŽƌĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂƚƚŚŝƐƐŝƚĞƚŚĂƚǁŽƵůĚĂĚǀĞƌƐĞůLJ ĂĨĨĞĐƚĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐ͘EŽƚĞƚŚĂƚƚŚĞƌĞŝƐƐŽŵĞŵĂƚĞƌŝĂůůĂLJĚŽ...
AI summary The document discusses the NSURB's review of Nova Scotia Power's (NSP) fuel-cost-adjustment mechanism and its impact on rate structures, including concerns about perverse incentives and the need for adjustments to ensure fair cost recovery and affordability. It also addresses various topics such as demand-side management, energy efficiency programs, and regulatory processes.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĞĞdžƉŽƐĞĚŝŶƚĞƌŝŽƌƐƚĞĞůƉĞŶƐƚŽĐŬĂŶĚƌĞůĂƚĞĚƉĂƌƚƐ͖ĂůƐŽƌĞŵŽǀĞƐĐƌŽůůĐĂƐĞ͕ƚŚƌŽĂƚƌŝŶŐ͕ƐƚĞĞůĚƌĂĨƚͲ ƚƵďĞƉĂƌƚƐĂŶĚŽƚŚĞƌƌĞůĂƚĞĚŵŝƐĐĞůůĂŶĞŽƵƐŝƚĞŵƐ͘^...
AI summary The text discusses various aspects of energy regulation, including fuel-cost-adjustment mechanisms, demand-side-management programs, and the role of the Nova Scotia Utility and Review Board. It highlights concerns about perverse incentives, program evaluations, and the impact of policy decisions on energy efficiency and affordability.
ǀŽŶEŽ͘ϮĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚŝŶĂďŽƵƚϭϵϮϵ͕ǀŽŶEŽ͘ϮŝƐ ĨĞĚ ǀŝĂ Ă ĚŝǀĞƌƐŝŽŶ ĚĂŵ ;&ĂůůƐ ĂŵͿ Ăƚ &ĂůůƐ >ĂŬĞ͕ Ă ƉŽǁĞƌ ĐĂŶĂů ĂŶĚ Ă ƐƚĞĞů ƉĞŶƐƚŽĐŬ͕ ĂŶĚ ŚĂƐ Ă ƐŝŶŐůĞ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚŐĞŶĞƌĂƚŝŶŐƵŶŝƚǁŝƚŚĂĐĂƉĂĐŝƚLJ ŽĨ ĂďŽƵƚ ϯ͘Ϭ Dt͕ ƐŽƵƌĐĞĚ ĨƌŽŵ ĂƉƉƌŽdžŝŵ...
AI summary The document discusses the NSURB's proceedings concerning the 2020 rate proceeding, including the fuel-cost-adjustment mechanism, the impact of base rates lagging actual costs, and the evaluation of the DSM Plan. The proceedings involve Nova Scotia Power (NSP) and focus on cost recovery, affordability, and energy efficiency programs.
ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚ ŝŶ ϭϵϱϳ͕ ƚŚĞ ZŝĚŐĞ ĞǀĞůŽƉŵĞŶƚ ƉůĂŶƚ ŚĂƌŶĞƐƐĞƐ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϭϰϬ ĨĞĞƚ ŽĨ ŚĞĂĚ ĂŶĚ ƉƌŽǀŝĚĞƐ ϯ͘Ϭ Dt ŽĨ ĞůĞĐƚƌŝĐĂů ŐĞŶĞƌĂƚŝŽŶ ĐĂƉĂĐŝƚLJ ĨƌŽŵ Ă ƐŝŶŐůĞ ǀĞƌƚŝĐĂůŐĞŶĞƌĂƚŝŽŶƵŶŝƚ͘ dŚĞ ƉŽǁĞƌŚŽƵƐĞ ĐĂŶ ďĞ ĂĐĐĞƐƐĞĚ ǀŝĂ ƚŚĞƉĂǀĞ...
AI summary The document discusses the ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ proceeding, focusing on the history and structure of the ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ from 1957, including the role of the NSURB and the implementation of the ZŽĂĚ mechanism. It highlights the importance of the ZŽĂĚ mechanism in managing fuel costs and its impact on rate structures and stakeholder engagement.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞƚĂŝůƌĂĐĞĐŚĂŶŶĞůǁŝůůƌĞƋƵŝƌĞƌĞŵĞĚŝĂƚŝŽŶƚŽƚŚĞŽƌŝŐŝŶĂů ĞĂƌZŝǀĞƌĂůŝŐŶŵĞŶƚ͘ - x ŽŶƐƚƌƵĐƚĂĚĚŝƚŝŽŶĂůŵĂƚĞƌŝ...
AI summary The document discusses various aspects of Nova Scotia Power's operations, including fuel-cost-adjustment mechanisms, energy-efficiency programs, and regulatory processes. It covers topics such as cost-recovery, demand-side-management, and regulatory compliance, with a focus on program evaluations and stakeholder engagement.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬͿ͕ƐŝůƚĨĞŶĐĞ͕Ɛŝůƚ ĐƵƌƚĂŝŶĂŶĚŽŝůŵ͘ - x ZĞŵŽǀĂůŽĨĂĐĐĞƐƐŝď...
AI summary The text discusses various regulatory and operational issues in Nova Scotia's energy sector, including challenges with fuel-cost-adjustment mechanisms, demand-side management, and the integration of renewable energy. It also touches on program evaluations, stakeholder engagement, and the need for policy reforms.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ &ŽůůŽǁŝŶŐĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐĐĂƚĞŐŽƌŝnjĂƚŝŽŶƐĂƉƉůLJƚŽƚŚĞDĞƚŚĂůƐĨĂĐŝůŝƚLJ͗ - x /ŶƚĂŬĞůĂƐƐŝĨŝĐĂƚŝŽŶͲĂƚĞŐŽƌLJ͕ƉĞŶƐƚŽĐŬƉŝƉĞŝƐĞdžƉŽƐĞĚĂďŽǀĞŐƌŽƵŶĚ͖ - x...
AI summary The document outlines various regulatory considerations related to energy efficiency, affordability, and program implementation in Nova Scotia. It discusses the importance of fuel-cost-adjustment mechanisms, the role of demand-side management, and the need for equitable access to energy programs. It also highlights the challenges in implementing energy efficiency initiatives and the need for stakeholder engagement.
,ŽůůŽǁƌŝĚŐĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚŝŶϭϵϰϬ͕,ŽůůŽǁƌŝĚŐĞŝƐĨĞĚ ĨƌŽŵ ƚŚĞ ƵƉƐƚƌĞĂŵ ƐƚŽƌĂŐĞ ŽĨ ůĂĐŬ ZŝǀĞƌ>ĂŬĞǀŝĂĂƚǁŝŶƐůŝĚŝŶŐŐĂƚĞĂƚƚŚĞ ,ŽůůŽǁ ƌŝĚŐĞ WŽǁĞƌ ĂŶĂů ŝŶůĞƚ͘ dŚĞ ƉŽǁĞƌ ĐĂŶĂů ŝƐ ĂďŽƵƚ ŽŶĞ ĂŶĚ Ă ŚĂůĨ ŵŝůĞƐ ůŽŶŐ ĂŶĚ ŝŶĐŽƌƉŽƌĂƚĞƐ ĂŶ ŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌ...
AI summary The document discusses the historical context of Nova Scotia Power's rate proceedings, including the implementation of the fuel-cost-adjustment mechanism and the impact on rate structures. It highlights the role of the Board in regulatory decisions and the importance of stakeholder engagement in the process.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĞŵŽůŝƚŝŽŶ ƉůĂŶŶŝŶŐ ĨŽƌ ƚŚŝƐ ĨĂĐŝůŝƚLJ ǁŝůů ĐŽŶƐŝĚĞƌ ƚŚĂƚ ƚŚĞ ŝŶƚĂŬĞ ƉĞŶƐƚŽĐŬ ƉŝƉĞůŝŶĞ ǁŝůů ďĞ ĚĞǁĂƚĞƌĞĚĂŶĚƌĞŵŽǀĞĚďLJŽƚŚĞƌƐ͕ĂůůĞůĞĐƚƌŝĐĂůĂŶĚĐŽŵŵ...
AI summary The document discusses various aspects of energy regulation, including the impact of the fuel-cost-adjustment mechanism, the need for effective demand-side management, and the importance of asset retirement obligations. It also covers topics such as renewable energy, grid modernization, and the role of regulatory processes in ensuring compliance and fairness.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞĚƌĂĨƚƚƵďĞƐĚŝƐĐŚĂƌŐĞĨůŽǁĂůŵŽƐƚĚŝƌĞĐƚůLJŝŶƚŽƚŚĞůĂĐŬ ZŝǀĞƌ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶ...
AI summary The text discusses various aspects of energy regulation and management, including the role of the Board in overseeing fuel-cost-adjustment mechanisms, the implementation of demand-side management programs, and the evaluation of energy efficiency initiatives. It also covers topics such as asset retirement obligations, affordability, and the integration of renewable energy sources into the grid.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĨŝůƚĞƌƐ ĂŶĚ ƌĞůĂƚĞĚ ƉŝƉŝŶŐ͕ ƚŚƌŽƚƚůĞ ůŝŶŬĂŐĞ ĐŽŵƉŽŶĞŶƚƐ͕ ĞůĞĐƚƌŝĐĂů ĐŽŵŵƵŶŝĐĂƚŝŽŶ ĐĂďůĞƐ ĂŶĚ ŵŝƐĐĞůůĂŶĞŽƵƐƐŵĂůůĞƌĞƋƵŝƉŵĞŶƚƉŝƉŝŶŐ͘ - x ZĞŵŽǀĂůŽĨ...
AI summary The document outlines various regulatory and operational considerations related to energy efficiency programs, affordability, and stakeholder engagement. It discusses topics such as fuel-cost-adjustment mechanisms, demand-side management programs, and the importance of stakeholder participation in regulatory processes.
ϰ͘ ŝĐŬŝĞƌŽŽŬ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞ ŝĐŬŝĞ ƌŽŽŬ ĞǀĞůŽƉŵĞŶƚ ŝƐ Ă ƐŵĂůů ƐƚĂŶĚͲĂůŽŶĞ ƐŝŶŐůĞ ƉŽǁĞƌŚŽƵƐĞ ĚĞǀĞůŽƉŵĞŶƚ ůŽĐĂƚĞĚ ŶĞĂƌ 'ƵLJƐďŽƌŽƵŐŚdŽǁŶ͘ŝĐŬŝĞ ƌŽŽŬ ĐŽŶƐŝƐƚƐ ŽĨ ƚǁŽ ŚŽƌŝnjŽŶƚĂů ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌ ƵŶŝƚƐǁŚŝĐŚ ƵƚŝůŝnjĞǁĂƚĞƌ ĨƌŽŵdŽŵ͛Ɛ>ĂŬĞĂŶĚƵ...
AI summary The document discusses the implementation of a fuel-cost-adjustment mechanism by the Board, highlighting the challenges posed by delayed base rates and the impact on incentives. It also mentions the importance of aligning rate structures with actual costs and the need for effective regulatory oversight.
ŝĐŬŝĞƌŽŽŬĞǀĞůŽƉŵĞŶƚ /Ŷ ϭϵϰϴ ƚŚĞ ŝĐŬŝĞ ƌŽŽŬ ,LJĚƌŽͲůĞĐƚƌŝĐ 'ĞŶĞƌĂƚŝŽŶ ^ƚĂƚŝŽŶ ǁĂƐ ĐŽŵŵŝƐƐŝŽŶĞĚ ĂŶĚ ƉƵƚ ŝŶƚŽ ƐĞƌǀŝĐĞϯŵŝůĞƐƐŽƵƚŚĂŶĚǁĞƐƚŽĨ'ƵLJƐďŽƌŽƵŐŚdŽǁŶ͘ ƚƚŚĞŝĐŬŝĞƌŽŽŬĞǀĞůŽƉŵĞŶƚ͕ǁĂƚĞƌĨƌŽŵdŽŵƐ>ĂŬĞŚĞĂĚƉŽŶĚŝƐĚŝƌĞĐƚĞĚƚŽƚŚĞŝĐŬŝĞƌŽŽŬ ƉŽǁĞƌŚŽƵƐĞ ǀŝ...
AI summary The document discusses the implementation of a fuel-cost-adjustment mechanism in Nova Scotia, highlighting its impact on rate structures and the need for adjustments to align with actual costs. It also outlines various programs and initiatives aimed at improving energy efficiency and affordability, including specific measures for multifamily housing and low-income households.
ϱ͘ &ĂůůZŝǀĞƌ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞ&ĂůůZŝǀĞƌĞǀĞůŽƉŵĞŶƚĐŽŶƐŝƐƚƐŽĨĂƐŝŶŐůĞŚLJĚƌŽͲĞůĞĐƚƌŝĐĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǁĞƌŚŽƵƐĞ͘dŚŝƐƐƚĂŶĚͲ ĂůŽŶĞĚĞǀĞůŽƉŵĞŶƚĐŽŶƐŝƐƚƐŽĨĂƐŝŶŐůĞŚŽƌŝnjŽŶƚĂůƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƵŶŝƚǁŚŝĐŚƵƚŝůŝnjĞƐǁĂƚĞƌĨƌŽŵDŝůůĞƌ >ĂŬĞ ĂŶĚ ƵƉƐƚƌĞĂŵ ƐƚŽƌĂ...
AI summary The document discusses the challenges and issues related to the implementation of the &ĂůůZŝǀĞƌ program, including concerns about the fuel-cost-adjustment mechanism and its impact on base rates, as well as the need for proper alignment between rate structures and actual costs.
&ĂůůZŝǀĞƌĞǀĞůŽƉŵĞŶƚ /ŶϭϵϴϱĂŶĞǁŚLJĚƌŽͲĞůĞĐƚƌŝĐƉŽǁĞƌŐĞŶĞƌĂƚŝŽŶƐƚĂƚŝŽŶǁĂƐĐŽŵŵŝƐƐŝŽŶĞĚŝŶ&ĂůůZŝǀĞƌ͕ϭϱŵŝůĞƐ ŶŽƌƚŚŽĨ,ĂůŝĨĂdž͘dŚŝƐƉůĂŶƚƌĞƉůĂĐĞĚĂŶĞĂƌůŝĞƌƉŽǁĞƌŐĞŶĞƌĂƚŝŶŐƐƚĂƚŝŽŶĂƚŽƌŶĞĂƌƚŚŝƐƐŝƚĞǁŚŝĐŚ ŽƉĞƌĂƚĞĚĨŽƌƐĞǀĞƌĂůĚĞĐĂĚĞƐďĞĨŽƌĞďĞŝŶŐĚĞĐŽŵŵŝƐƐŝŽŶĞĚŝ...
AI summary This text discusses the historical context and regulatory proceedings related to Nova Scotia's energy sector, including topics such as fuel-cost-adjustment mechanisms, energy efficiency programs, and regulatory oversight. It references past proceedings and outlines key considerations in the regulation of energy and utility services.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĂů ŽĨ ƐŵĂůůŵĂĐŚŝŶĞƌLJĂŶĚ ƚƵƌďŽŐĞŶĞƌĂƚŽƌŵĞĐŚĂŶŝĐĂůĂŶĚĞůĞĐƚƌŝĐĂů ĐŽŶƚƌŽůƐŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĐŽŵƉƌĞƐƐŽƌƐĂŶĚ ƚĂŶŬƐ͕ŐŽǀĞƌŶŽƌƐĂŶĚ...
AI summary The text discusses issues related to energy efficiency, regulatory processes, and cost recovery mechanisms within Nova Scotia's energy sector. It highlights concerns about fuel-cost-adjustment mechanisms, affordability, and the impact of energy efficiency programs on consumers and providers.
ϲ͘ >ĞƋƵŝůůĞ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ ĞƋƵŝůůĞ ĞǀĞůŽƉŵĞŶƚ ŝƐ ŽŶĞ ŽĨ ƚŚƌĞĞ ĐŽŶǀĞŶƚŝŽŶĂů ƐƚĂŶĚͲĂůŽŶĞ ŚLJĚƌŽͲĞůĞĐƚƌŝĐ ĚĞǀĞůŽƉŵĞŶƚƐ ƚŚĂƚ ĚŝƐĐŚĂƌŐĞǁĂƚĞƌ ĨƌŽŵ^ŽƵƚŚDŽƵŶƚĂŝŶǁĂƚĞƌƐŚĞĚƐŝŶƚŽ ƚŚĞŶŶĂƉŽůŝƐZŝǀĞƌŽƌŽƚŚĞƌ ƚƌŝďƵƚĂƌŝĞƐ ƚŽ ƚŚĞ ŶŶĂƉŽůŝƐZŝǀĞƌĂŶĚƚŚĞŶŶĂƉ...
AI summary The document discusses the implementation of a fuel-cost-adjustment mechanism in Nova Scotia, addressing issues with base rates lagging behind actual costs and the associated perverse incentives. It also references historical proceedings from the 1950s and 1960s related to energy regulation.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ &ŽůůŽǁŝŶŐĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐĐĂƚĞŐŽƌŝnjĂƚŝŽŶƐĂƉƉůLJƚŽƚŚĞǀŽŶEŽ͘ϮĨĂĐŝůŝƚLJ͗ - x /ŶƚĂŬĞůĂƐƐŝĨŝĐĂƚŝŽŶͲĂƚĞŐŽƌLJ͕ƉĞŶƐƚŽĐŬƉŝƉĞŝƐďƵƌŝĞĚďĞůŽǁŐƌŽƵŶĚ͖ - x ƌ...
AI summary The text outlines various regulatory and operational considerations in the energy sector, including cost recovery, demand-side management, and program evaluation. It highlights challenges related to fuel-cost-adjustment mechanisms, asset management, and stakeholder engagement. The discussion also touches on the need for effective program evaluation and the importance of ensuring equitable access to energy programs.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĂŶĚĐŽŶŶĞĐƚŝŽŶĨŽƌƚŚĞĐƌĂŶĞŵĂLJďĞƌĞƋƵŝƌĞĚ͘dŚŽƐĞĐŽŵƉŽŶĞŶƚƐĐĂŶƚŚĞŶďĞƐĞƚĂƐŝĚĞĂƐƌĞƋƵŝƌĞĚĨŽƌ ƐĂůǀĂŐĞĂŶĚĚŝƐƉŽƐĂůŽŶĐĞƚŚĞƌŽŽĨƐƚƌƵĐƚƵƌĞŝƐƌĞŵŽǀĞĚ͘ - x ZĞŵŽǀ...
AI summary The text discusses the need for regulatory actions to address issues in the energy sector, including fuel-cost-adjustment mechanisms, affordability, and the implementation of energy efficiency programs. It highlights concerns with current practices and the importance of aligning policies and programs with broader energy and environmental goals.
ŝŐ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ƚ ƚŚĞ ŝŐ &ĂůůƐ ĞǀĞůŽƉŵĞŶƚ ;DĞƌƐĞLJ EŽ͘ ϱ ĂŶĚ ϲͿ͕ĂůƐŽ ĐŽŵƉůĞƚĞĚŝŶĂďŽƵƚ ϭϵϮϵ͕ŝŶĨůŽǁ ĨƌŽŵ>ŽǁĞƌ>ĂŬĞ&ĂůůƐƚĂŝůƌĂĐĞŝƐĐŽůůĞĐƚĞĚĂŶĚ ĚŝǀĞƌƚĞĚ ƚŽ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ŐĂƚĞĚ ŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌĞ ĂŶĚ ƚƵƌďŽ ŐĞŶĞƌĂƚŽƌƐ ĂŶĚ ƚŽ ƚŚĞ ĂƉƉƌŽdžŝŵĂƚĞůLJϭ...
AI summary The document discusses the 1929 Nova Scotia Power Rate Schedule (DGM E. 5 and 6), highlighting the implementation of a fuel-cost-adjustment mechanism and its impact on rate structures. It also outlines the 2020 fuel-cost-adjustment mechanism and its implications for rate design and affordability.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿ ůĂƐƐŝĨŝĐĂƚŝŽŶ ʹ ĂƚĞŐŽƌLJ ͕ Ă ůĞŶŐƚŚLJ ĐŽŶƐƚƌƵĐƚĞĚ ƚĂŝůƌĂĐĞ ĐŚĂŶŶĞů ǁŝůů ƌĞƋƵŝƌĞ ƌĞŵĞĚŝĂƚŝŽŶ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝ...
AI summary The text outlines various issues and considerations within a regulatory proceeding, including the evaluation of energy efficiency and conservation mechanisms, the impact of fuel-cost-adjustment mechanisms, and the discussion of cost-recovery and affordability concerns. It also touches on the need for stakeholder engagement and the evaluation of programs and policies.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŝƐƉŽƐĂůŽĨĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚĚĞŵŽůŝƚŝŽŶĚĞďƌŝƐʹƚƌƵĐŬƐĞůĞĐƚĞĚŵĂƚĞƌŝĂůƐ ƚŽĂĚĞƐŝŐŶĂƚĞĚĐŽŶƐƚƌƵĐƚŝŽŶ ĚĞďƌŝƐĚŝƐƉŽƐĂůĨĂĐŝůŝƚLJ͕ǁŚŝůĞƐƵŝƚĂďůĞŽƚŚĞƌŵĂƚĞƌŝĂ...
AI summary The document discusses the need for regulatory oversight in energy management, emphasizing the importance of accurate cost recovery mechanisms and the challenges associated with aligning base rates with actual costs. It highlights the role of energy efficiency programs and the need for stakeholder engagement in the regulatory process.
ŽǁŝĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ƚƚŚĞŽǁŝĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ;DĞƌƐĞLJEŽ͘ϭϭĂŶĚϭϮͿ͕ĐŽŵƉůĞƚĞĚŝŶĂďŽƵƚϭϵϯϴ͕ŝŶĨůŽǁĨƌŽŵ ĞĞƉƌŽŽŬĂŶĚƚŚĞDĞƌƐĞLJZŝǀĞƌŝƐĐŚĂŶŶĞůůĞĚ ƚŚƌŽƵŐŚ ƚŚĞŐĂƚĞĚŝŶƚĞŐƌĂůƉŽǁĞƌŚŽƵƐĞŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌĞĂŶĚ ƚƵƌďŽŐĞŶĞƌĂƚŽƌƐĂŶĚ ƚŽ ƚŚĞ ƚĂŝůƌĂĐĞ ĐŚĂŶŶĞůĂƚǁŚĂƚĂƉƉĞ...
AI summary The document discusses the regulatory proceedings related to the Nova Scotia Power (NSP) and the Energy Efficiency and Conservation Act (EECA) in Nova Scotia. It outlines the regulatory framework, including the fuel-cost-adjustment mechanism, and examines the implications of the asset retirement obligation (ARO). The analysis also covers the impact of energy efficiency programs and the role of the Board in overseeing these matters.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĚŝǀĞƌƐŝŽŶƉĂƐƚƚŚĞƉŽǁĞƌŚŽƵƐĞůŽĐĂƚŝŽŶƚŽĂǀŽŝĚƉŽƚĞŶƚŝĂůĞƌŽƐŝŽŶĂŶĚůŽĐĂů ĨůŽŽĚŝŶŐƉƌŽďůĞŵƐ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚŚĂǀŝŶŐƚŚĞƌŝǀĞƌĨůŽǁƚŚƌŽƵŐŚĂĨŝůůĞĚĂƌĞĂůŽĐĂƚĞĚŝŶƚ...
AI summary The text discusses various aspects of energy efficiency and conservation in Nova Scotia, including mechanisms, programs, and stakeholder engagement. It outlines key themes such as fuel-cost-adjustment, energy-efficiency, and stakeholder participation in regulatory processes.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ƌĐŚŝƚĞĐƚƵƌĂůůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞ͕ƐƚĞĞůĂŶĚŵĂƐŽŶƌLJ͖ - x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ ƚŚĞĚƌĂĨƚ ƚƵďĞĚŝƐĐŚĂƌŐ...
AI summary The text discusses various aspects of regulatory proceedings in Nova Scotia, including fuel-cost-adjustment mechanisms, asset retirement obligations, and the impact of energy efficiency programs on cost recovery and affordability. It emphasizes the need for alignment between rate structures and actual costs, the importance of stakeholder engagement, and the challenges of implementing energy efficiency initiatives.
ϵ͘ WĂƌĂĚŝƐĞĞǀĞůŽƉŵĞŶƚ WĂƌĂĚŝƐĞ ĞǀĞůŽƉŵĞŶƚ ŝƐ ŽŶĞ ŽĨ ƚŚƌĞĞ ĐŽŶǀĞŶƚŝŽŶĂů ƐƚĂŶĚͲĂůŽŶĞ ŚLJĚƌŽͲĞůĞĐƚƌŝĐ ĚĞǀĞůŽƉŵĞŶƚƐ ƚŚĂƚ ĚŝƐĐŚĂƌŐĞǁĂƚĞƌ ĨƌŽŵ^ŽƵƚŚDŽƵŶƚĂŝŶǁĂƚĞƌƐŚĞĚƐŝŶƚŽ ƚŚĞŶŶĂƉŽůŝƐZŝǀĞƌŽƌŽƚŚĞƌ ƚƌŝďƵƚĂƌŝĞƐ ƚŽ ƚŚĞ ŶŶĂƉŽůŝƐZŝǀĞƌĂŶĚƚŚĞŶŶĂƉŽůŝƐĂƐŝŶ͘...
AI summary The text discusses the implementation of a fuel-cost-adjustment mechanism in Nova Scotia, highlighting concerns about its impact and the need for adjustments to align with actual costs. It references past proceedings and legal frameworks, emphasizing the importance of proper regulation and oversight in energy management.
WĂƌĂĚŝƐĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚŝŶϭϵϱϬĂƚWĂƌĂĚŝƐĞƌŽŽŬ͕Ăƚ ƚŚĞ ƚŽĞŽĨ ƚŚĞ^ŽƵƚŚDŽƵŶƚĂŝŶ͕ĂĐƌŽƐƐ ƚŚĞŶŶĂƉŽůŝƐ ZŝǀĞƌĂŶĚƐŽƵƚŚǁĞƐƚŽĨWĂƌĂĚŝƐĞŝŶŶŶĂƉŽůŝƐŽƵŶƚLJ͕ƚŚĞWĂƌĂĚŝƐĞƉůĂŶƚƉƌŽǀŝĚĞƐĂďŽƵƚϱ͘ϬDt ĨƌŽŵĂƐŝŶŐůĞǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚŐĞŶĞƌĂƚŝŶŐƵŶŝƚĂƚĂďŽƵƚϰϲϯĨĞĞƚŽĨŚĞĂ...
AI summary The document discusses the impact of the fuel-cost-adjustment mechanism on rate structures and the need for regulatory oversight. It highlights concerns regarding the alignment of base rates with actual costs, the role of the Electricity Efficiency and Conservation Act, and the need for stakeholder engagement in the regulatory process.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĂů ŽĨ ,s ĞƋƵŝƉŵĞŶƚ ĂŶĚ ůŽĐĂůŝnjĞĚ ŚĞĂƚŝŶŐ ƵŶŝƚƐ ĨŽƌ ĂƌĞĂƐ ǁŝƚŚŝŶ ƚŚĞ ďƵŝůĚŝŶŐ ĂŶĚ ĨŽƌ ƚŚŽƐĞ ŚĞĂƚĞƌƐƐƚƌĂƚĞŐŝĐĂůůLJƉůĂĐĞĚƚŽƉƌŽǀŝĚĞĂƐƐŝƐƚ...
AI summary The document discusses various aspects of energy regulation, including fuel-cost-adjustment mechanisms, the Electricity Efficiency and Conservation Act, and the management of energy resources and programs. It emphasizes the need for effective regulation, the importance of stakeholder engagement, and the challenges associated with implementing energy efficiency initiatives.
ϭϬ͘ ZŽƐĞǁĂLJZŝǀĞƌ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ ƚZŽƐĞǁĂLJĂƐŝŶŐůĞŚLJĚƌŽͲĞůĞĐƚƌŝĐĚĞǀĞůŽƉŵĞŶƚƉŽǁĞƌŚŽƵƐĞǁŝƚŚƚǁŽŝŶƐƚĂůůĞĚŐĞŶĞƌĂƚŝŶŐƵŶŝƚƐŚĂƐďĞĞŶ ĐŽŶƐƚƌƵĐƚĞĚƚŽŚĂƌŶĞƐƐĞƐƚŚĞǁĂƚĞƌŽĨƚŚĞZŽƐĞǁĂLJZŝǀĞƌ͘tĂƚĞƌŝƐĚŝǀĞƌƚĞĚĨƌŽŵƚŚĞƌŝǀĞƌǀŝĂĂĚŝǀĞƌƐŝŽŶ ĚĂŵĂŶĚĂŶĂƉƉƌŽdžŝŵĂƚĞ...
AI summary The document discusses the ZŽƐĞǁĂLJZŝǀĞƌ and its impact on the electricity efficiency and conservation act in Nova Scotia, highlighting concerns about the fuel-cost-adjustment mechanism and its implications for rate structures and customer affordability.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŽŶƐƚƌƵĐƚĂĚĚŝƚŝŽŶĂůŵĂƚĞƌŝĂůůĂLJͲĚŽǁŶĂƌĞĂĂƐƌĞƋƵŝƌĞĚ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬ...
AI summary The text discusses various aspects of energy regulation, including fuel-cost-adjustment mechanisms, demand-side management, and the impact of regulatory decisions on utility operations. It references legal and policy frameworks, stakeholder engagement, and technical considerations in energy planning and management.
DĂůĂLJ&ĂůůƐĞǀĞůŽƉŵĞŶƚ tŽƌŬǁĂƐĐŽŵƉůĞƚĞĚŽŶƚŚĞĨŝƌƐƚƚǁŽƵŶŝƚƐĂƚ DĂůĂLJ&ĂůůƐŝŶϭϵϮϰ͕ǁŝƚŚĂƚŚŝƌĚƵŶŝƚĐŽŵŝŶŐ ŽŶͲůŝŶĞŝŶϭϵϱϰ͘dŚĞƚŚƌĞĞǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƐĞĂĐŚƉƌŽǀŝĚĞĂďŽƵƚϭ͘ϭDt͕ ǁŚŝĐŚ ŝƐ ĚĞǀĞůŽƉĞĚ ĨƌŽŵ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϰϭ ĨĞĞƚŽĨŚĞĂĚĨŽƌĂƚŽƚ...
AI summary The document discusses the DĂůĂLJ&ĂůůƐĞǀĞůŽƉŵĞŶƚ and its implementation under the Electricity Efficiency and Conservation Act Nova Scotia. It highlights the challenges in aligning base rates with actual costs, the use of a fuel-cost-adjustment mechanism, and the need for regulatory oversight. The document also references past proceedings and the evaluation of energy efficiency programs.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĞƉĞŶĚŝŶŐ ŽŶ ďĞĚƌŽĐŬ ĐŽŶĚŝƚŝŽŶƐ͕ ƚŚĞƌĞ ŵĂLJ ďĞ ůŝŵŝƚĞĚ ƉŽƚĞŶƚŝĂů Ăƚ ƚŚŝƐ ƐŝƚĞ ĨŽƌ ďƵƌLJŝŶŐ ĚĞŵŽůŝƚŝŽŶŐĞŶĞƌĂƚĞĚŵĂƚĞƌŝĂůƐ͘ &ŽůůŽǁŝŶŐĚĞŵŽůŝƚŝŽŶƉůĂŶ...
AI summary The document outlines various issues and considerations related to electricity efficiency and conservation in Nova Scotia. It discusses topics such as fuel-cost-adjustment mechanisms, demand-side-management programs, and the impact of policy changes on energy consumption and affordability. Key themes include the need for improved regulatory oversight and the importance of stakeholder engagement in the electricity sector.
ĂͿ &ŽƵƌƚŚ>ĂŬĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚ ŝŶ ϭϵϴϯ͕ ƚŚĞ &ŽƵƌƚŚ >ĂŬĞ ĞǀĞůŽƉŵĞŶƚŚĂƌŶĞƐƐĞƐĂƉƉƌŽdžŝŵĂƚĞůLJ ϳϬĨĞĞƚŽĨŚĞĂĚĂŶĚƉƌŽǀŝĚĞƐϯ͘ϬDtŽĨ ĞůĞĐƚƌŝĐĂů ŐĞŶĞƌĂƚŝŽŶ ĐĂƉĂĐŝƚLJ ĨƌŽŵ Ă ƌĞůĂƚŝǀĞůLJ ƐŵĂůů ŚŽƌŝnjŽŶƚĂůůLJ ŽƌŝĞŶƚĞĚ ƐŝŶŐůĞ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌ͘ ;ŽŶĨŝŐƵƌĂƚ...
AI summary The text discusses the &ŽƵƌƚŚ >ĂŬĞĞǀĞůŽƉŵĞŶƚ from 1983, focusing on the mechanism for adjusting fuel costs and its implications. It outlines the structure and components of the mechanism, including the roles of various entities and the legal framework under which it operates.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŽŶƐƚƌƵĐƚĂĚĚŝƚŝŽŶĂůŵĂƚĞƌŝĂůůĂLJͲĚŽǁŶĂƌĞĂĂƐƌĞƋƵŝƌĞĚ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬ...
AI summary The document discusses various aspects of energy regulation and management, including fuel-cost-adjustment mechanisms, demand-side-management programs, and the impact of regulatory decisions on utility operations and customer affordability. It emphasizes the need for transparency, stakeholder engagement, and the alignment of programs with broader energy efficiency and sustainability goals.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ƌĐŚŝƚĞĐƚƵƌĂůůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƌĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞĂŶĚƐƚƌƵĐƚƵƌĂůƐƚĞĞů͖ - x KƵƚůĞƚ ;ƌĂĨƚͲƚƵďĞͿůĂƐƐŝĨŝĐĂƚŝŽŶʹĂƚĞŐŽƌLJ͕ƚŚĞĚƌĂĨƚͲƚƵďĞĚŝƐĐŚĂƌŐ...
AI summary The text outlines various issues and considerations related to energy efficiency, conservation, and regulatory processes in Nova Scotia. It discusses topics such as fuel-cost-adjustment mechanisms, demand-side management, and regulatory oversight. Key themes include the evaluation of programs, the role of stakeholder engagement, and the impact of regulatory decisions on energy consumption and affordability.
ŽŽŶWŽŶĚĂŶĚ^ĂŶĚLJ>ĂŬĞĞǀĞůŽƉŵĞŶƚƐ ŽŽŶ WŽŶĚ ĞǀĞůŽƉŵĞŶƚ ǁĂƐ ĐŽŵƉůĞƚĞĚ ŝŶ ĂďŽƵƚϭϵϮϮĂŶĚƉƌŽǀŝĚĞĚĂďŽƵƚϭ͘ϮϱDtĨƌŽŵ ĞĂĐŚ ŽĨ ŝƚƐ ƚǁŽ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚ ƚƵƌďŽͲ ŐĞŶĞƌĂƚŽƌ ƵŶŝƚƐ͘ /ŶĨůŽǁ ĨƌŽŵ ƚŚĞ WŽĐŬǁŽĐŬ >ĂŬĞƐLJƐƚĞŵŝƐĐŚĂŶŶĞůůĞĚƚŚƌŽƵŐŚŽŽŶWŽŶĚ ĂŶĚĂƉŝƉĞůŝ...
AI summary The document discusses the regulatory proceedings related to the Nova Scotia Power (NSP) and the Electricity Efficiency and Conservation Act (E^W). It highlights the implementation of mechanisms such as the fuel-cost-adjustment and the evaluation of program effectiveness and stakeholder engagement in the proceedings.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ WŽǁĞƌŚŽƵƐĞ ĂŶĚ ƐƵƌŐĞ ƚĂŶŬƐ ĂƌĞ ǀŝƐŝďůĞ ĨƌŽŵ ,ŝŐŚǁĂLJ ϭϬϯ͘ ĐĐĞƐƐ ƚŽ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ŝƐ ǀŝĂ ĞdžŝƐƚŝŶŐŐƌĂǀĞůƚŽƉƉĞĚŽǁĂƚĞƌ͛ƐZŽĂĚƐŝŶƚŚĞdĂŶƚĂůůŽŶǀŝĐŝŶŝ...
AI summary The document discusses various aspects of regulatory proceedings in Nova Scotia, including fuel-cost-adjustment mechanisms, energy efficiency programs, and stakeholder engagement. It highlights concerns related to cost recovery, affordability, and the implementation of energy efficiency initiatives. Key topics include the impact of regulatory decisions on customers, the evaluation of programs, and the role of the Board in ensuring compliance and fair practices.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĂůŽĨŵĂŝŶƚƵƌďŽͲŐĞŶĞƌĂƚŽƌĐŽŵƉŽŶĞŶƚƐĨŽƌĂůůĨŽƵƌƵŶŝƚƐ͕ƐƵĐŚĂƐdžĐŝƚĞƌ͖ƚŽƉĨƌĂŵĞ͖ZŽƚŽƌĂŶĚ 'ĞŶĞƌĂƚŽƌ ^ŚĂĨƚ͖ ^ƉĞĞĚ ZŝŶŐ͕ tŝĐŬĞƚ 'ĂƚĞƐ͕ ƐŚĂĨƚƐ ĂŶĚ...
AI summary The text discusses various aspects of energy regulation, including fuel-cost-adjustment mechanisms, demand-side management, and the impact of regulatory decisions on utility operations and consumer affordability. It references the Electricity Efficiency and Conservation Act and Nova Scotia Power.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ dŚĞdŝĚĞǁĂƚĞƌĞǀĞůŽƉŵĞŶƚǁĂƐĐŽŵƉůĞƚĞĚŝŶ ϭϵϮϮ ĂŶĚ ƉƌŽǀŝĚĞƐ Ϯ͘Ϭ Dt ŽĨ ŐĞŶĞƌĂƚŝŽŶ ĐĂƉĂĐŝƚLJĨƌŽŵĞĂĐŚŽĨŝƚƐƚǁŽǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌ ƵŶŝƚƐ...
AI summary The document discusses the regulation of energy efficiency and conservation in Nova Scotia, focusing on mechanisms such as the fuel-cost-adjustment, rate design, and affordability. It outlines the role of the Electricity Efficiency and Conservation Act and the importance of stakeholder engagement and program evaluation.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĨŝůƚĞƌƐ ĂŶĚ ƌĞůĂƚĞĚ ƉŝƉŝŶŐ͕ ƚŚƌŽƚƚůĞ ůŝŶŬĂŐĞ ĐŽŵƉŽŶĞŶƚƐ͕ ĞůĞĐƚƌŝĐĂů ĂŶĚ ĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ĐĂďůĞƐ ĂŶĚ ŵŝƐĐĞůůĂŶĞŽƵƐƐŵĂůůĞƌĞƋƵŝƉŵĞŶƚĂŶĚƉŝƉŝŶŐ͘ - x Z...
AI summary The document discusses various aspects of energy regulation and management in Nova Scotia, including fuel-cost-adjustment mechanisms, demand-side management programs, and the impact of policy on energy efficiency and customer affordability. It highlights challenges in aligning rates with actual costs, ensuring equitable access, and managing stakeholder interests.
ϭϰ͘ dƵƐŬĞƚZŝǀĞƌ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ ƚ ƚŚĞ dƵƐŬĞƚ ZŝǀĞƌ ,LJĚƌŽ ůĞĐƚƌŝĐ ^LJƐƚĞŵ ƚŚĞƌĞ ŝƐ ŽŶĞ ŚLJĚƌŽͲĞůĞĐƚƌŝĐ ĚĞǀĞůŽƉŵĞŶƚ ǁŝƚŚ Ă ƐŝŶŐůĞ ƉŽǁĞƌŚŽƵƐĞƚŚĂƚĚŝƐĐŚĂƌŐĞƐǁĂƚĞƌŝŶƚŽƚŚĞdƵƐŬĞƚZŝǀĞƌĂŶĚŝƚƐĞƐƚƵĂƌŝĂůƌĞŐŝŽŶ͘dŚŝƐƉůĂŶƚŝƐŬŶŽǁŶĂƐ ƚŚĞdƵƐŬĞƚĞǀĞůŽƉŵĞŶ...
AI summary The document discusses the dƵƐŬĞƚ ZŝǀĞƌ ,LJĚƌŽ ůĞĐƚƌŝĐ ^LJƐƚĞŵ, focusing on the evaluation of the fuel-cost-adjustment mechanism and its impact on the rate structure. It highlights the need for the mechanism to align with actual costs and the implications of misalignment.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĞŵŽůŝƚŝŽŶ ƉůĂŶŶŝŶŐ ĨŽƌ ƚŚŝƐ ĨĂĐŝůŝƚLJǁŝůů ĐŽŶƐŝĚĞƌ ƚŚĂƚ ƚŚĞŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌĞĂŶĚ ĨŽƌĞďĂLJǁŝůů ďĞ ĚĞǁĂƚĞƌĞĚ͕ĂŶĚĂůůĞůĞĐƚƌŝĐĂůĂŶĚĐŽŵŵƵŶŝĐĂƚŝŽŶƐĞƋƵŝƉ...
AI summary The proceeding discusses various aspects of energy efficiency and conservation, including the implementation of programs, stakeholder engagement, and the evaluation of initiatives. It covers topics such as fuel-cost-adjustment mechanisms, demand-side-management, and the integration of renewable energy sources into the grid.
ϭϱ͘ tƌĞĐŬŽǀĞ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞtƌĞĐŬŽǀĞ,LJĚƌŽůĞĐƚƌŝĐ'ĞŶĞƌĂƚŝŶŐ^LJƐƚĞŵŝƐŵĂĚĞƵƉƚǁŽŚLJĚƌŽͲĞůĞĐƚƌŝĐĚĞǀĞůŽƉŵĞŶƚƐ͕'ŝƐďŽƌŶĞ ĂŶĚtƌĞĐŬŽǀĞƚŚĂƚĐŽůůĞĐƚĂŶĚŚĂƌŶĞƐƐĂƉŽƌƚŝŽŶŽĨƚŚĞǁĂƚĞƌƌĞƐŽƵƌĐĞƐŽĨƚŚĞĂƉĞƌĞƚŽŶ,ŝŐŚůĂŶĚƐ͘ dŚŝƐƐLJƐƚĞŵŝƐďLJĨĂƌƚŚĞůĂƌŐĞƐƚŚLJĚƌ...
AI summary The text discusses the regulation and management of energy efficiency and conservation in Nova Scotia, focusing on mechanisms and processes related to fuel cost adjustment, rate design, and the implementation of energy efficiency programs. It references the Electricity Efficiency and Conservation Act and mentions Nova Scotia Power as a key entity involved in these processes.
'ŝƐďŽƌŶĞĞǀĞůŽƉŵĞŶƚ 'ŝƐďŽƌŶĞ ĞǀĞůŽƉŵĞŶƚ ǁĂƐ ĐŽŶƐƚƌƵĐƚĞĚ ĂŶĚ ĐŽŵŵŝƐƐŝŽŶĞĚŝŶĂďŽƵƚϭϵϴϮĂĨĞǁLJĞĂƌƐĂĨƚĞƌ ĐŽŵƉůĞƚŝŽŶĂŶĚ ĐŽŵŵŝƐƐŝŽŶŝŶŐŽĨ ƚŚĞtƌĞĐŬ ŽǀĞ ĞǀĞůŽƉŵĞŶƚ͕ ĂƐ ĂŶ ĂĚĚͲŽŶ ƚŽ ƚŚĞ ƐLJƐƚĞŵ͕ ĞŶĂďůŝŶŐ ŐĞŶĞƌĂƚŝŽŶ ĨƌŽŵ ƚŚĞ ĚŝĨĨĞƌĞŶƚŝĂů ŚĞĂĚ ďĞƚǁĞĞŶ 'ŝ...
AI summary The document discusses the 'ŝƐďŽƌŶĞĞǀĞůŽƉŵĞŶƚ' process, emphasizing the need for adjustments in the rate-setting mechanism and the role of the 'tƌĞĐŬ ŽǀĞ &ůŽǁĂŐĞ' in ensuring fair and accurate cost recovery. It highlights the importance of aligning base rates with actual costs and the potential impacts of the current fuel-cost-adjustment mechanism.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŝƐĂƐƐĞŵďůLJŽĨZŽŽĨŝŶŐ͕^ŚĞĂƚŚŝŶŐĂŶĚƌĞůĂƚĞĚŵŝƐĐĞůůĂŶĞŽƵƐƉĂƌƚƐĂŶĚĐŽŵƉŽŶĞŶƚƐ͘^ĞƚĂƐŝĚĞ͕ƐƚŽĐŬƉŝůĞ ĨŽƌƐĂůǀĂŐĞĂŶĚĚŝƐƉŽƐĂů͘ - x ZĞŵŽǀĞŽǀĞƌŚĞĂĚƌŝĚŐĞƌĂ...
AI summary The text discusses the need for regulatory oversight in energy efficiency and conservation, addressing issues such as fuel-cost-adjustment mechanisms, affordability, and the implementation of energy efficiency programs. It emphasizes the importance of aligning rates with actual costs and ensuring equitable access to energy programs.
tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚ tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚǁĂƐĐŽŵƉůĞƚĞĚĂŶĚ ĐŽŵŵŝƐƐŝŽŶĞĚ ŝŶ ϭϵϳϴ ĂŶĚ ĐŽŶƐŝƐƚƐ ŽĨ ƚǁŽ ůĂƌŐĞ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƐ ĞĂĐŚƉƌŽĚƵĐŝŶŐĂďŽƵƚϭϬϱDtĨƌŽŵĂƐŵƵĐŚ ĂƐϭϮϬϬĨĞĞƚŽĨŚĞĂĚ͕ǁŚŝĐŚŝƐĨĞĚĨƌŽŵ^ƵƌŐĞ >ĂŬĞ ŚĞĂĚ ƉŽŶĚ ůŽĐĂƚĞĚ Ăƚ ƚŚĞ...
AI summary The text discusses the history and development of the tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚ regulatory process in Nova Scotia, focusing on the implementation of the Electricity Efficiency and Conservation Act (E^W/) and the role of the Nova Scotia Power (NSP) in shaping energy efficiency programs. It highlights the challenges faced in aligning base rates with actual costs and the impact of the fuel-cost-adjustment mechanism.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ƉŽǁĞƌŚŽƵƐĞ ŚĂƐ ďĞĞŶ ĐŽŶƐƚƌƵĐƚĞĚ ŝƚ ǁŝůů ďĞ ŝŵƉƌĂĐƚŝĐĂů ƚŽ ĂƚƚĞŵƉƚ ƚŽ ĚĞŵŽůŝƐŚ ĂŶĚ ƌĞŵŽǀĞ ŝŶƚĞƌŝŽƌƐƚƌƵĐƚƵƌĂůĐŽŵƉŽŶĞŶƚƐĂŶĚŝŶĨŝůůƚŚĞ ĨĂĐŝůŝƚLJǁŝƚŚ...
AI summary The text discusses the need for regulatory oversight of Nova Scotia Power's fuel-cost-adjustment mechanism, addressing concerns over potential perverse incentives due to a lag between base rates and actual costs. It also highlights the importance of ensuring fair and equitable energy programs, stakeholder engagement, and compliance with regulatory standards and legislation.
s͘ WKtZ,Kh^DK>/d/KE^^hDDZzEKE>h^/KE^ ĞĐŽŵŵŝƐƐŝŽŶŝŶŐŽĨE^W/,LJĚƌŽWƌŽĚƵĐƚŝŽŶƉŽǁĞƌŚŽƵƐĞƐǁŝůůďĞĂŶĞŶĚĞĂǀŽƌǁŚŝĐŚǁŝůůĚĞƉĞŶĚŚĞĂǀŝůLJ ŽŶ ĞĨĨŝĐŝĞŶƚ ĐŽŽƌĚŝŶĂƚŝŽŶ ŽĨ ǀĂƌŝŽƵƐ ƚƌĂĚĞƐ ŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ŚĞĂǀLJͲůŝĨƚ ĐŽŶƚƌĂĐƚŽƌƐ͕ ,s ƐƉĞĐŝĂůŝƐƚƐ͕ŵĞ...
AI summary The text discusses regulatory proceedings involving energy management, focusing on mechanisms like fuel-cost-adjustment and the impact of base rates on incentives. It references proceedings and mentions the need for stakeholder engagement and compliance with regulations.
N-91-(iv)Compliance filing - Appendix A and B - FAM POA
63 passages
Fuel Adjustment Mechanism Plan of Administration in Effect for 2026-2027 April 7, 2026
AI summary The Fuel Adjustment Mechanism Plan of Administration for 2026-2027 outlines the framework for adjusting fuel costs in the electricity sector during this period, ensuring rates reflect actual fuel expenses.
This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (as of April 1, 2025 referred to as the Nova Scotia Ener...
AI summary This document outlines the administration plan for NS Power's Fuel Adjustment Mechanism (FAM), approved by the Nova Scotia Energy Board. The FAM allows for the recovery of fuel and purchased power costs, with the Base Cost of Fuel being reset periodically through General Rate Applications or Board orders. Stakeholders can challenge the methodology and forecasts, and the Board will audit the FAM accounts. Adjustments are calculated based on the difference between actual and base fuel costs.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) is structured into two components to recover fuel and purchased power costs annually, with adjustments calculated once per year from January 1 through December 31.
1. The Actual Adjustment Component (AA) a. Established at a rate expected to recover the amount of the difference between the prior FAM year's actual fuel and purchased power costs and those recovered through the Base Cost of Fuel Componen...
AI summary The Actual Adjustment Component (AA) is established to recover the difference between actual fuel and purchased power costs from the prior FAM year and the amounts recovered through the Base Cost of Fuel Component over a 12-month period ending in September of the prior year and October to December of the year before that.
2. The Balancing Adjustment Component (BA) - a. The Balancing Adjustment Component will provide for a correction to ensure that over/under-recovery produced by the Actual Adjustment Component is tracked and refunded to or recovered from cu...
AI summary The Balancing Adjustment Component (BA) is designed to correct over/under-recovery from the Actual Adjustment Component by refunding or recovering costs from customers. It may also defer fuel and purchased power costs, subject to Board approval.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary NS Power's Fuel Adjustment Mechanism (FAM) includes an Actual Adjustment (AA) and Balance Adjustment (BA) to account for differences in fuel costs and prior adjustments. The AA is calculated based on over- or under-recovery of fuel costs at the end of September, while the BA manages deferred costs and prior adjustments.
3.1 Treatment of load migrating between FAM/non-FAM classes When a customer transitions some or all of its load between FAM- and non-FAM classes, NS Power shall treat the customer's migrating load in accordance with Special Condition 3 of...
AI summary This section outlines how Nova Scotia Power should handle customer load transitions between FAM and non-FAM classes, referring to Special Condition 3 of the FAM Tariff.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section outlines the framework for allowable fuel and purchased-power costs eligible for recovery through the Fuel Adjustment Mechanism (FAM). It includes normal, recurring expenses, discrepancies supported by documentation, and exceptional costs reviewed by the Small Working Group. These costs are subject to audit and approval by the NSEB.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary This section outlines various natural gas-related costs and financial considerations, including consumption, hedging instruments, pipeline fees, storage costs, and GHG emission compliance programs.
Costs of this type are normally recorded in the following accounts in NS Power's Chart of Accounts: 502050 REG FUEL GAS CONSUMED 502160 REG FUEL GAS SOLD 502100 REG FUEL GAS CONSUMED FX 502200 REG NATURAL GAS PIPELINE TOLL 502150 REG FUEL...
AI summary The document outlines the specific accounts in NS Power's Chart of Accounts where costs related to fuel gas consumption, sales, and pipeline tolls are recorded, including entries for natural gas and commodity derivatives.
• Costs directly applied: - o Third Party Fuel Handling, Transportation (e.g movement between Long Term Dead Storage/Bear head and plants) and Maintenance related to Coal Piles - o Storage fees (e.g. lease, handling fees, facility fees) -...
AI summary The document outlines various costs directly applied in the context of fuel handling and transportation, including third-party handling, storage fees, environmental compliance, rail car costs, and ash hauling. These costs are categorized and accounted for within NS Power's Chart of Accounts.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document outlines various fuel coal consumption categories, including imported, domestic, petcoke, and other types, as well as fuel testing and foreign exchange impacts. It also introduces a section on heavy fuel oil.
- HFO/Bunker Fuel Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Quality Testing and Inventory Measurement Costs - Standby Emergency Response Services and third-party compliance pro...
AI summary The text outlines various costs associated with fuel consumption, transportation, compliance programs, and infrastructure maintenance, including hedging financial instruments, emergency response services, and GHG emission compliance.
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary This section outlines the costs associated with Light Fuel Oil (LFO) consumption, including transportation, quality testing, inventory measurement, and GHG emission compliance. These costs are recorded under specific accounts in NS Power's Chart of Accounts.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc. - Transportation Costs
AI summary The section discusses fuel additives such as Ultramag and FireShield, along with transportation costs associated with fuel.
502700 REG PURCHASED POWER 502750 REG PURCHASED POWER FX 502800 REG PURCHASED POWER COMMODITY DERIVATIVES 502850 REG PURCHASED POWER IPP PRE 2001 502950 REG PURCHASED POWER COMFIT SMALL 502900 REG PURCHASED POWER IPP POST 2001 502710 REG P...
AI summary The document outlines various regulatory matters related to purchased power, including fuel adjustment mechanisms and biomass fuel. It includes references to different regulatory filings and matters related to power procurement and fuel types.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary This section outlines the costs associated with Mercury Sorbent, including additives like Powder Activated Carbon and Calcium Chloride, transportation costs, and costs related to a mercury diversion program approved under the Air Quality Regulations. These costs are recorded in specific accounts within NS Power's Chart of Accounts.
417300 REG GRID SALES REVENUE 503200 REG NATURAL GAS REVENUE 503250 REG NATURAL GAS REVENUE FX 503300 REG WIND RECEIVABLES PURCHASED POWER 503350 REG WIND RECEIVABLES FUEL FOR GENERATION 535850 MISC REVENUE These revenues will offset FAM-e...
AI summary The document outlines various revenue streams, including grid sales, natural gas, wind receivables, and miscellaneous revenue, which are intended to offset FAM-eligible fuel and purchased-power costs.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary NS Power's Fuel Accounts are adjusted to account for foreign currency expenses and revenues, as well as gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing Page 19 of 33 These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g.,...
AI summary The document outlines the scope of limited-duration fuel testing costs, specifying that they include expenses related to shipping, handling, and third-party testing, and are limited to non-capital costs. These costs must be separately identified in the Company's accounting records.
3.2.16 BTL Costs - Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff - Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the W...
AI summary This section outlines two components of BTL (Backup/Top-up) costs: spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff and net fuel costs under the Wholesale Market Backup/Top-Up Service tariff, after accounting for revenue and non-fuel items.
3.2.18 NSP Owned Variable Production Costs • Third party production bonuses and penalties for NSP owned power production.
AI summary This section discusses third-party production bonuses and penalties related to NSP owned power production, focusing on variable production costs.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary This section outlines how fuel costs are calculated for the Base Cost of Fuel recovered through the Fuel Adjustment Mechanism (FAM), including allowable fuel and purchased power expenses, less revenues from exported power.
3.4 Deferrals During the 2026-2027 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional interest charges which would accrue by fu...
AI summary NS Power may include prior FAM deferrals for certain rate classes during the 2026-2027 GRA Period to avoid additional interest charges that would occur if deferrals were extended until the end of the period.
Annual Filing Requirements for Fuel Adjustment Rider For the years 2026 and 2027 NS Power will submit as required a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of general system requirements a...
AI summary NS Power is required to submit annual Fuel Adjustment Mechanism Formula filings for 2026 and 2027, which will include forecasts of general system requirements and proposed calculations for the Fuel Adjustment Mechanism.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual fuel forecasts and related filings for the Base Cost of Fuel, using standardized methods and templates approved by the Board. The Board considers these forecasts and stakeholder comments when making decisions on the Base Cost of Fuel for the following year.
Changes to Reporting Information No changes to the approved reporting templates, including but not limited to designation of information as confidential, shall be made without either agreement of NS Power and stakeholders and Board approva...
AI summary The document outlines that changes to approved reporting templates, including confidentiality designations, require agreement from NS Power, stakeholders, and Board approval. Suggested revisions to FAM documents are to be reviewed and inputted by stakeholders.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) amounts are subject to periodic audit to ensure accuracy and prudence in fuel and purchased power costs. Audit results are considered in subsequent FAM hearings or General Rate Cases, with the Board able to make necessary adjustments.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2026-2027 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The NSEB requires an independent audit of NS Power's Fuel Adjustment Mechanism (FAM) during the 2026-2027 GRA period, covering financial and performance aspects of fuel procurement and recovery under the FAM formula and related contracts.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The audit of the Fuel Adjustment Mechanism (FAM) will examine NS Power's fuel and energy procurement, management, and production practices, ensuring compliance with the NS Power Fuel Manual and good utility practices. It will cover fuel costs, generation capacity, contract prudence, hedging practices, and the accuracy of FAM adjustments.
Significant FAM Changes Where, in the absence of a General Rate Application, an increase for any customer class of more than 10 percent compared with the rate payable in the prior year is caused by the application of the FAM procedures, th...
AI summary The document outlines measures the Board may take to assist customers if the Fuel Adjustment Mechanism (FAM) causes a rate increase of more than 10% for any customer class. The Board will monitor the FAM and may defer part of the increase if it deems the increase unacceptable or not in the public interest.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary The document outlines the process for stakeholder access to NS Power's reporting, including both confidential and non-confidential information. It specifies that stakeholders will have the opportunity to review and challenge fuel cost forecasts and related methodologies during hearings, similar to their rights in General Rate Cases.
7.0 DEFINITIONS Actual Adjustment (Refund)/Recovery Rate – AA: is an Actual Adjustment which consists of the difference between fuel-related costs recovered from a rate class through the application of the base rates and the actual fuel co...
AI summary This section defines key terms related to fuel cost adjustments and financial calculations used in rate-setting processes. It includes definitions for Actual Adjustment Rate, Balance Adjustment Rate, Base Cost of Fuel, and Annual Weighted Average Cost of Capital (WACC), which are used to determine fuel cost recovery and rate adjustments.
Water Royalties: Amounts paid to government associated with environmental aspects of operating hydroelectric systems. Nova Scotia Power Inc. NS SPI (FAM) A-15 Annual FAM Reporting С ONFIDENTIAL Year 20XX Summary of Wind Curtailments Proper...
AI summary The document discusses water royalties related to environmental aspects of hydroelectric systems and includes a table with data on wind curtailments, including NSPI-owned and non-NSPI-owned wind generation, as well as percentages of curtailments relative to total wind generation.
Fuel Adjustment Mechanism Plan of Administration in Effect for 20232026- 20242027 May 8XXXXXApril 25May 28, 20232025 April 7, 2026
AI summary The document outlines the Fuel Adjustment Mechanism Plan of Administration for the periods 20232026 and 20242027. It includes key dates such as May 8, April 25, May 28, 20232025, and April 7, 2026, which likely relate to the implementation or review of the mechanism.
NS Power FUEL ADJUSTMENT MECHANISM PLAN OF ADMINISTRATION IN EFFECT FOR 2023- 20242026-2027 May 8,XXXXX 20232025
AI summary This document outlines the Fuel Adjustment Mechanism (FAM) plan of administration for NS Power, effective from 2023 to 2027. It provides a framework for adjusting fuel costs based on actual expenses, ensuring fair distribution of costs among customers.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) is divided into two components: the Actual Adjustment Component (AA) and the Balancing Adjustment Component (BA). The AA recovers differences between actual fuel and purchased power costs and those previously recovered, while the BA ensures over/under-recovery is corrected and may include deferrals of costs with Board approval.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary The Fuel Adjustment Mechanism (FAM) rate is calculated annually using an Actual Adjustment (AA) and Balance Adjustment (BA). The AA accounts for differences between FAM revenues and actual fuel costs, while the BA manages deferred fuel and power costs. Adjustments are calculated based on over- or under-recovery of fuel costs at specific times of the year.
3.1 Treatment of load migrating tobetween FAM/non-FAM classes When a customer transitions some or all of its load from abetween FAM-class to and non-FAM classes, NS Power shall treatdetermine the customer's outstanding fuel cost imbalance...
AI summary This section outlines how Nova Scotia Power (NSP) should handle fuel cost imbalances when a customer migrates load between FAM and non-FAM classes. The imbalance is determined using Special Condition 3 of the FAM Tariff and adjusted based on UARB decisions in subsequent FAM proceedings. Adjustments must be approved by the UARB, and any outstanding balance must be settled on terms acceptable to both parties, with carrying costs applied if payments are made over time.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section outlines the framework for allowable fuel and purchased-power costs eligible for recovery through the Fuel Adjustment Mechanism (FAM), including normal, recurring expenses and adjustments for discrepancies in fuel quantities. These costs are subject to audit and approval by the Nova Scotia Utility and Review Board.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary The section outlines various components related to natural gas, including consumption, financial hedging instruments, pipeline fees, storage costs, and greenhouse gas emission compliance program expenses.
3.2.2 Solid Fuel Solid fuel costs are collected into three categories: Inventoried Costs, Costs Directly Applied, and Costs Expensed Through Plant Fuel Handling Adjustments. Those categories include the following costs: - Inventoried costs...
AI summary The text categorizes solid fuel costs into three groups: inventoried costs, costs directly applied, and costs expensed through plant fuel handling adjustments. Each category includes various sub-costs related to fuel handling, transportation, compliance, and labor.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary The document lists various fuel coal consumed categories and includes a section on heavy fuel oil, indicating a regulatory focus on fuel consumption tracking and reporting.
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary This section outlines the costs associated with Light Fuel Oil (LFO) consumption, including transportation, quality testing, inventory measurement, and GHG emission compliance. These costs are recorded in NS Power's Chart of Accounts under account 502550.
3.2.6 Fuel – Additives - Additives Ultramag, FireShield, etc. - Transportation Costs
AI summary The section discusses fuel additives such as Ultramag and FireShield, along with transportation costs related to fuel. These topics are relevant to fuel management and cost considerations in the energy sector.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The text discusses costs related to Mercury Sorbent under Fuel, including additives like PAC and Calcium Chloride, transportation costs, and costs from a mercury diversion program approved under the Air Quality Regulations. These costs are recorded in specific accounts within NS Power's Chart of Accounts.
3.2.13 Miscellaneous Revenue and Recoveries Page 20 of 33 Revenues from joint partnerships in wind farms (including the cost of NS Power's ownership which is applied to purchased power) and any other fuel-related miscellaneous revenues. Th...
AI summary This section outlines miscellaneous revenues, including steam sales to Port Hawkesbury Paper and Trenton Generating station, and revenues from joint partnerships in wind farms. These revenues are recorded in specific accounts related to power exports, natural gas resales, and other fuel-related activities.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary This section outlines that all NS Power Fuel Accounts are subject to adjustments for foreign currency-denominated expenses or revenues, including gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g., third party t...
AI summary The document outlines the costs associated with limited-duration fuel testing, including shipping, handling, and third-party testing, which are limited to non-capital costs and must be separately identified in the Company's accounting records.
3.2.16 BTL Costs - Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff - Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the W...
AI summary This section discusses BTL (Backup/Top-up) costs, including spill energy payments under a specific wholesale market tariff and net fuel costs incurred under the Backup/Top-up Service tariff, after accounting for revenue and non-fuel items.
3.2.17 GHG Emission Compliance Program Costs - The cost of emission allowances (Fund cCredits) under the Nova Scotia Cap-and- Trade program and GHG Output Based Pricing System (OBPS) emissions compliance programs. - Transaction fees for pu...
AI summary The text outlines the costs associated with GHG emission compliance programs, specifically the Nova Scotia Cap-and-Trade program and the GHG Output Based Pricing System (OBPS), including the costs of emission allowances and transaction fees for their purchase or sale.
3.2.18 NSP Owned Variable Production Costs Third party production bonuses and penalties for NSP owned power production.
AI summary This section discusses third-party production bonuses and penalties related to NSP owned power production, highlighting the financial incentives and disincentives tied to variable production costs.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary This section outlines how fuel costs are calculated within the Base Cost of Fuel recovered through the Fuel Adjustment Mechanism, which includes allowable fuel and purchased power expenses, minus revenues from exported power.
3.4 Deferrals During the 2023-20242026-2027 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional interest charges which would acc...
AI summary NS Power may include prior FAM deferrals for certain rate classes during the 2023-20242026-2027 GRA Period to avoid additional interest charges by deferring these amounts until the end of the period.
Annual Filing Requirements for Fuel Adjustment Rider In For the years 2023 2026 and 2024 2027 NS Power will submit as required by Appendix "D" a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of...
AI summary NS Power is required to submit a Fuel Adjustment Mechanism Formula filing for the Actual Adjustment and Balance Adjustment for the years 2023–2026 and 2024–2027, including a forecast of general system requirements and a proposed calculation of the mechanism.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual filings for the Base Cost of Fuel forecast, using standardized methods and templates as outlined in Board orders. The Board considers these filings and stakeholder comments when determining the Base Cost of Fuel for the upcoming year.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) amounts are subject to periodic audit to ensure accuracy and reasonableness of fuel and purchased power costs. Audit results may influence future FAM hearings, adjustments to existing balances, or General Rate Cases, based on findings.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2023-20242026-2027 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The aud...
AI summary The Board is required to conduct audits of the Fuel Adjustment Mechanism (FAM) during the 2023-2024 and 2026-2027 GRA periods. These audits, performed by a qualified independent firm, will examine NS Power's fuel procurement and recovery, including the FAM formula, fuel costs, contracts, and management performance.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The audit of NS Power's Fuel Adjustment Mechanism (FAM) will examine operational and managerial aspects of fuel and energy procurement, management, and production, including affiliate transactions. The audit will assess adherence to good utility practice and the NS Power Fuel Manual, focusing on fuel costs, contract prudency, hedging practices, and FAM adjustments.
Significant FAM Changes Where, in the absence of a General Rate Application, an increase for any customer class of more than 10 percent compared with the rate payable in the prior year is caused by the application of the FAM procedures, th...
AI summary The Board will closely monitor the Fuel Adjustment Mechanism (FAM) and may intervene if it causes excessive rate increases for customer classes, considering measures to assist customers, including deferring part of the increase for future collection.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary Stakeholders will have access to both confidential and non-confidential reporting from NS Power, including monthly, quarterly, and annual reports. Confidential information will require a Confidentiality Agreement. Stakeholders will also have the opportunity to review and challenge fuel costs, methodology, and forecasts during hearings.
7.0 DEFINITIONS Actual Adjustment (Refund)/Recovery Rate – AA: is an Actual Adjustment which consists of the difference between fuel-related costs recovered from a rate class through the application of the base rates and the actual fuel co...
AI summary This section defines key terms related to fuel cost adjustments and accounting practices, including Actual Adjustment Rate, Balance Adjustment Rate, Base Cost of Fuel, and Annual Weighted Average Cost of Capital. These definitions are essential for understanding how fuel costs are tracked, recovered, and adjusted in NS Power's rate structures.
Water Royalties: Amounts paid to government associated with environmental aspects of operating hydroelectric systems. Nova Scotia Power Inc. NSPI (FAM) A-15 Annual FAM Reporting ( ONFIDENTIAL Year 20XX Summary of Wind Curtailments Properti...
AI summary The document discusses water royalties paid by Nova Scotia Power Inc. to the government for environmental aspects of hydroelectric operations. It also includes a table with details on wind curtailments, including monthly data and percentages related to NSPI-owned and non-NSPI-owned wind generation.
N-92Compliance Filing - Standardized Filings - Redacted
74 passages
g 10,075 10,075 0 0 (21) DEF. CHG. - Tax 11,485 11,485 0 0 (22) DEF. CHG. - Pension 75,433 34,974 40,459 0 (23) DEF. CHG. - Steam Assets 0 0 0 0 (24) DEF. CHG. - Fuel Deferral -5,403 0 -5,403 0 (25) DEF. CHG. - Other 13,725 13,725 0 0 (26)...
AI summary The text presents a table with various financial line items, including deferred charges and credits related to taxes, pensions, fuel deferral, and asset retirement obligations. It includes figures for different categories such as ARO Steam, ARO Hydro, and ARO Wind, as well as a subtotal and total generation function.
34,974 40,459 0 0 0 0 34,974 40,459 0 (25) DEF. CHG. - Steam Assets 0 0 0 0 0 0 0 0 0 (26) DEF. CHG. - Fuel Deferral 0 -5,403 0 0 0 0 0 -5,403 0 (27) DEF. CHG. - Other 13,725 0 0 -7,514 7,514 0 6,211 7,514 0 (28) DEF. CHG. - FCR 4,084 0 0...
AI summary The text presents a series of financial entries related to deferred charges and credits, including entries for fuel deferral, asset retirement obligations (ARO), and fuel cost recovery (FCR). These entries include numerical values and offsets, likely related to regulatory accounting and financial reporting.
-6,244 0 0 0 0 0 -6,244 0 0 (33) DEF. CR. - Other -29,365 0 0 16,077 -16,077 0 -13,288 -16,077 0 (34) DEF. CR. - COST OF REMOVAL LIABILITY (COR) 10,587 0 0 -5,796 5,796 0 4,791 5,796 0 (35) CONTRACT RECEIVABLE 0 93,310 0 0 0 0 0 93,310 0 (...
AI summary The text presents a series of financial line items and balances, including deferred credits, cost of removal liability, contract receivables, and subtotals related to generation and transmission functions. The data appears to be part of a financial statement or regulatory filing.
0 0 0 0 (46) (47) Working Capital & Deferred Charges/Credits: (48) CASH - FUEL 0 0 0 0 0 0 0 0 0 (49) CASH - OTHER 0 0 0 0 0 0 0 0 0 (50) MAT. & SUPPLIES - FUEL 0 0 0 0 0 0 0 0 0 (51) MAT. & SUPPLIES - OTHER 0 0 0 0 0 0 0 0 0 (52) DEF. CHG...
AI summary The text presents a table of financial items related to working capital and deferred charges/credits, with all values listed as zero across multiple categories, including cash, materials and supplies, and deferred charges. This suggests no activity or transactions in these areas during the reporting period.
18,220 0 0 (14) DEF. CHG. - Other 5,268 0 0 0 0 0 5,268 0 0 (15) DEF. CHG. - FCR 1,655 0 0 0 0 0 1,655 0 0 (16) DEF. CR. - ARO Trans -52 0 0 0 0 0 -52 0 0 (17) SUB-TOTAL 47,695 0 0 0 0 0 47,695 0 0 (18) (19) Transmission - EHV 953,610 0 0...
AI summary The document includes a table with financial figures related to various charges and costs, such as DEF. CHG. - Other, DEF. CHG. - FCR, and DEF. CR. - ARO Trans, along with a subtotal and transmission costs. The exhibit is part of a 2026-2027 GRA Compliance Filing by Nova Scotia Power Inc.
170 925 105 95 122 189 156 72 24 P-7 (23) DEF. CHG. - Pension 34,974 22,468 1,147 6,224 709 638 820 1,272 1,049 485 163 O-1 (24) DEF. CHG. - Steam Assets 0 0 0 0 0 0 0 0 0 0 0 D-3A (25) DEF. CHG. - Fuel Deferral 0 0 0 0 0 0 0 0 0 0 0 D-3A...
AI summary The text presents a table with various financial figures and categories, including pension changes, steam assets, fuel deferral, and other adjustments. It includes entries related to asset retirement obligations (ARO) for steam, hydro, and wind, as well as Fuel Cost Recovery (FCR).
122 57 19 P-8B (12) DEF. CHG. - Tax 4,654 2,990 153 828 94 85 109 169 140 64 22 P-8B (13) DEF. CHG. - Pension 18,220 11,705 598 3,243 370 332 427 663 546 253 85 O-2B (14) DEF. CHG. - Other 5,268 3,384 173 938 107 96 123 192 158 73 25 P-8B...
AI summary The document presents a detailed breakdown of various financial and operational costs, including tax, pension, other charges, and fuel cost recovery, along with transmission and distribution function expenses. These figures are categorized and listed with corresponding numbers and codes.
0 0 O-17 (46) MAT. & SUPPLIES - FUEL 0 0 0 0 0 0 0 0 0 0 0 P-9 (47) MAT. & SUPPLIES - OTHER 16,023 10,953 608 3,156 194 353 394 169 0 46 149 P-9 (48) DEF. CHG. - Financing 4,717 3,224 179 929 57 104 116 50 0 14 44 P-9 (49) DEF. CHG. - Tax...
AI summary The text presents a detailed breakdown of various financial categories, including fuel, materials and supplies, tax, pension, and other expenses, along with their respective figures across different periods. It also includes subtotals for specific categories such as asset retirement obligations for substations and transformers.
3 38,731 242,483 38,151 27,824 47,405 73,164 84,086 13,023 8,436 (12) (13) GENERAL PROPERTY PLANT 78,868 39,384 2,667 16,700 2,627 1,916 3,265 5,039 5,791 897 581 P-10 (14) TOTAL PLANT IN SERVICE 1,224,036 611,247 41,399 259,182 40,779 29,...
AI summary The text presents a table with numerical data related to property plant, working capital, and deferred charges/credits for a regulatory proceeding. It includes values for different categories such as fuel, other materials and supplies, and tax-related deferred charges.
405 63 41 P-10 (22) DEF. CHG. - Tax 6,288 3,140 213 1,331 209 153 260 402 462 72 46 P-10 (23) DEF. CHG. - Pension 40,459 20,204 1,368 8,567 1,348 983 1,675 2,585 2,971 460 298 O-4 (24) DEF. CHG. - Steam Assets 0 0 0 0 0 0 0 0 0 0 0 E-1A (2...
AI summary The text presents a table of deferred charges and credits related to various financial and operational categories, including tax, pension, fuel deferral, and asset retirement obligations. The data includes amounts for different time periods and references to specific line items such as FCR and ARO.
0 0 0 0 0 0 0 0 0 0 0 P-11B (13) DEF. CHG. - Pension 0 0 0 0 0 0 0 0 0 0 0 O-5B (14) DEF. CHG. - Other 0 0 0 0 0 0 0 0 0 0 0 P-11B (15) DEF. CHG. - FCR 0 0 0 0 0 0 0 0 0 0 0 P-11B (16) DEF. CR. - ARO Trans 0 0 0 0 0 0 0 0 0 0 0 E-1A (17) S...
AI summary The document presents a table with financial data related to various line items, including pension, other defined charges, fuel cost recovery, and asset retirement obligation transactions. The table includes totals for transmission functions and energy costs, though much of the content is redacted due to confidentiality.
(1) FUEL 445,457 434,033 - - - 11,424.2 (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND 18,478 18,420 - - - 58.1 (4) BIOMASS 20,303 20,238 - - - 64.1 (5) MARITIME LINK 198,664 198,036 628.5 (6) WIND ENRIS 33,418 33,315 - - - 103.1 (7)...
AI summary The text presents a table with fuel and power production costs, including figures for purchased power, biomass, wind, and imports, along with associated costs and credits. It includes specific line items such as 'Maritime Link' and 'Butu Capacity Credit.'
- - - - - - (37) (38) FCR DEFERRAL - - - - - - (39) (40) OTHER EXPENSES - - - - - - (41) (42) CAPITAL RELATED EXPENSES (43) (44) GRANTS IN LIEU OF TAXES 50,476 22,260 9,019 17,469 428 1,301 (45) DEPRECIATION : (46) STEAM 47,964 46,715 - -...
AI summary The text presents a financial table listing various expense categories, including fuel-cost-recovery deferral, other expenses, capital-related expenses, and depreciation across different energy generation sources such as steam, hydro, wind, solar, and gas turbines. It includes specific figures for grants in lieu of taxes and depreciation amounts for various assets.
(1) FUEL - 0.0% 0.0% 0.0% 0.0% (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND - 0.0% 0.0% 0.0% 0.0% (4) BIOMASS 0.0% 0.0% 0.0% 0.0% (5) MARITIME LINK 0.0% 0.0% 0.0% 0.0% (6) WIND ENRIS - 0.0% 0.0% 0.0% 0.0% (7) WIND NRIS 0.0% 0.0% 0....
AI summary The document presents a table with fuel and power production data, including categories like purchased power, biomass, wind, and thermal operating and maintenance costs. The data shows zero percentages for most categories, except for thermal operating and maintenance, which has a cost of $57,510 and a percentage of 13.27%.
(1) FUEL - - - - - - - - - - (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND - - - - - - - - - - (4) BIOMASS - - - - - - - - - - (5) MARITIME LINK - - - - - - - - - - (6) WIND ENRIS - - - - - - - - - - (7) WIND NRIS - - - - - - - - -...
AI summary The text presents a table with various categories related to fuel and power production, including purchased power, biomass, wind, and imports. It includes sections such as 'Butu Capacity Credit' and 'Thermal Operating & Maint.' but lacks numerical data or detailed explanations.
GENERATION FUNCTION (1) FUEL 434,033 $0 $434,033 - (2) PURCHASES - OTHER THAN BIOMASS AND WIND 18,420 $8,334 $10,086 - (3) PURCHASES - BIOMASS 20,238 $5,365 $14,874 - (4) MARITIME LINK 198,036 $89,600 $108,436 (5) PURCHASES - WIND ERIS 33,...
AI summary The document text presents a detailed breakdown of various generation and operational costs, including fuel, purchases from different energy sources, imports, capacity credits, and maintenance expenses. It includes line items such as biomass, wind, hydro, and other generation-related costs.
GENERATION (1) FUEL $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 See BCF File (2) PURCHASES - OTHER THAN BIOMASS AND WIND 8,334 5,353.76 273.31 1,483.12 169.06 151.92 195.29 303.14 249.90 115.50 38.76 See BCF File (3) PURCHASES - BIOMASS 5,365 3,446.3...
AI summary The text presents a table detailing various generation and purchase costs related to energy production, including fuel, biomass, wind, and maritime link expenses over multiple periods. All values are listed as zero or with specific monetary figures, with references to BCF files for further details.
-42 -64 -53 -25 -8 P-15B (9) Non-Operating Revenue: (10) FCR DEFERRAL 0 0 0 0 0 0 0 0 0 0 0 P-15B (11) OTHER REVENUE -277 -178 -9 -49 -6 -5 -6 -10 -8 -4 -1 O-9B (12) RETURN (PROFIT/LOSS) 33,529 21,540 1,100 5,967 680 611 786 1,220 1,005 46...
AI summary The text presents financial data related to non-operating revenue, including FCR deferral, other revenue, and return (profit/loss) for various periods. It also includes total figures for EHV, transmission, and distribution, along with operating and maintenance costs and advocacy expenses.
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) TOTAL SMALL GENERAL SMALL MEDIUM LARGE ALLOCATION COMPANY DOMESTIC GENERAL GENERAL LARGE INDUSTRIAL INDUSTRIAL INDUSTRIAL ELI 2P-RTP MUNICIPAL UNMETERED FACTOR ENERGY CLASSIFICATION GENERA...
AI summary The document provides a detailed breakdown of energy costs categorized by fuel type and energy classification, including generation, purchases, and other energy-related expenses. The data includes various cost allocations across different company types and sectors.
0 P-18B (55) Non-Operating Revenue: (56) FCR DEFERRAL 0 0 0 0 0 0 0 0 0 0 0 P-18B (57) OTHER REVENUE 0 0 0 0 0 0 0 0 0 0 0 O-12B (58) RETURN (PROFIT/LOSS) 0 0 0 0 0 0 0 0 0 0 0 P-18B (59) (60) TOTAL - EHV 0 0 0 0 0 0 0 0 0 0 0 (61) (62) TO...
AI summary The document presents a table showing non-operating revenue, fuel-cost-recovery deferral, and other revenue, with all values listed as zero, followed by a section on total energy with monetary figures. The exhibit is part of a compliance filing related to GRA and is redacted for confidentiality.
RATE CLASS DISAGGREGATION ANALYSIS FOR THE YEAR ENDING DECEMBER 31, 2026 CLASS : UNMETERED RATE BASE COSTS (Source Exh 6) Variable Fixed Unit Cost Fuel Operating Capital Return Total Total Cost Units Sold Demand Energy Customer Generation...
AI summary The document presents a rate class disaggregation analysis for the year ending December 31, 2026, focusing on the 'Unmetered' rate class. It details variable and fixed costs, including fuel, operating, capital, and return costs, along with unit costs and energy requirements for generation, transmission, and distribution.
0 13,257 0 0 13,257 13,257 6,478,208 0.000 0.000 $2.046 (24) Total Retail $206,880 $0 $22,722 $11,432 $7,274 $41,428 41,428 6,478,208 0 - $6.395 (25) Total Customers x 12 months 6,478,208 6,478,208 6,478,208 (26) Unit Cost ($/month) $3.508...
AI summary This document contains financial data and unit cost information related to a regulatory proceeding, including total retail figures, customer counts, and unit costs. Specific details are redacted, and the context suggests compliance with the Greenhouse Gas Emissions Regulations (GRA) for the 2026-2027 period.
(10) Regulatory Amortization (677,610) (677,610) Regulatory Amort. 100.0% K322 (11) Fuel Expense (1,808,772) (1,729,291) ML - NS Block (BCF COSS) 100.0% B8..M8 and B35..M37 (12) FAM Deferral Interest 328,135 343,365 Interest & Other Exp 10...
AI summary The text provides a summary of various financial and regulatory expenses, including regulatory amortization, fuel expense, FAM deferral interest, AMI opt-out charges, and income tax. It outlines figures related to operating expenses and the rate base, indicating financial performance and regulatory considerations.
0.0 (189) (190) VP ENTERPRISE SERVICES (191) PROCUREMENT & FACILITIES 12,283.6 (192) INFORMATION TECHNOLOGY 46,048.8 (193) (194) VP HUMAN RESOURCES (195) HUMAN RESOURCES 9,000.2 -2,000 (196) (197) POWER PRODUCTION (198) POWER PRODUCTION -...
AI summary The text presents a detailed breakdown of financial figures related to various departments and operations within an energy production company, including enterprise services, human resources, and power production. It includes costs associated with fuel, operating and maintenance, and different energy sources such as hydro, wind, solar, and biomass.
18,477.9 (215) PURCHASED POWER - BIOMASS (Energy) 14,919.9 (216) PURCHASED POWER - BIOMASS (Demand) 5,382.6 (217) PURCHASED POWER - MARITIME LINK 198,664 86,453.2 85,044.2 (218) PURCHASED POWER - WIND (ERIS) 33,418.0 (219) PURCHASED POWER...
AI summary The text presents a detailed breakdown of purchased power costs and related expenses, including biomass, wind, and imports, along with depreciation and accretion figures for different energy sources. It includes categories such as DSM expenses, grants, and adjustments.
1,825,306.19 1,825,306.19 1,825,306.19 $37,511 (352) (0.000) #REF! #REF! (353) EXPORT SALES - (354) FX Interest (355) (356) FX COST REVENUE OF BTL RATE CLASSES Var (357) SHORE POWER PROD 19.116 19.116 0.000 (358) SHORE POWER TRANS - - 0.00...
AI summary The text presents a financial table with various line items, including shore power, generation replacement, and ELIADC, with associated costs and revenues across different categories such as production, transmission, distribution, and retail. Some entries show variances and include numerical values, while others are marked as zero or not applicable.
8,758 8,758 0 0 (21) DEF. CHG. - Tax 10,581 10,581 0 0 (22) DEF. CHG. - Pension 89,796 44,266 45,530 0 (23) DEF. CHG. - Steam Assets 0 0 0 0 (24) DEF. CHG. - Fuel Deferral -6,017 0 -6,017 0 (25) DEF. CHG. - Other 8,992 8,992 0 0 (26) DEF....
AI summary The text presents a financial table with various line items, including deferred charges and credits related to taxes, pensions, fuel deferral, and asset retirement obligations, as well as contract receivables and a subtotal for the generation function.
922 1,133,608 0 766,314 (41) (42) Working Capital & Deferred Charges/Credits: (43) CASH - FUEL 0 0 0 0 (44) CASH - OTHER 0 0 0 0 (45) MAT. & SUPPLIES - FUEL 0 0 0 0 (46) MAT. & SUPPLIES - OTHER 26,751 15,961 0 10,790 (47) DEF. CHG. - Finan...
AI summary The text presents a financial table with line items related to working capital, deferred charges, and credits for Nova Scotia Power, including entries for fuel, materials, financing, tax, and pension. It also references a compliance filing and exhibit related to the Grid Reliability and Availability (GRA) for 2026-2027.
e Base Factors 48.191% 51.809% (16) Working Capital & Deferred (17) Charges/Credits: (18) CASH - FUEL 0 0 0 0 0 0 0 0 0 (19) CASH - OTHER 0 0 0 0 0 0 0 0 0 (20) MAT. & SUPPLIES - FUEL 0 219,858 0 0 0 0 0 219,858 0 (21) MAT. & SUPPLIES - OT...
AI summary The text presents a table detailing various working capital and deferred charges/credits, including entries for fuel, materials, financing, tax, pension, and other categories. The table shows values across multiple periods, with some entries showing credits and debits.
59 20 P-8B (12) DEF. CHG. - Tax 5,171 3,329 176 915 105 96 111 188 156 72 25 P-8B (13) DEF. CHG. - Pension 20,370 13,115 694 3,603 413 377 435 740 613 282 98 O-2B (14) DEF. CHG. - Other 4,177 2,689 142 739 85 77 89 152 126 58 20 P-8B (15)...
AI summary The text presents a series of financial line items related to tax, pension, and other adjustments, along with transmission and distribution costs. These figures are categorized under various line items and include associated matter numbers and classifications.
55 35 P-10 (22) DEF. CHG. - Tax 5,482 2,882 198 1,201 193 141 228 370 160 67 43 P-10 (23) DEF. CHG. - Pension 45,530 23,932 1,647 9,977 1,602 1,170 1,890 3,072 1,330 554 356 O-4 (24) DEF. CHG. - Steam Assets 0 0 0 0 0 0 0 0 0 0 0 E-1A (25)...
AI summary The text presents a table of financial changes related to various categories, including tax, pension, fuel deferral, and asset retirement obligations. These changes are listed with numerical values and codes, indicating adjustments and credits for different years and categories.
(1) FUEL 366,094 310,870 - - - 55,224.5 (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND 27,737 27,646 - - - 91.1 (4) BIOMASS 21,026 20,957 - - - 69.4 (5) MARITIME LINK 202,151 201,489 662.0 (6) WIND ENRIS 33,418 33,311 - - - 106.8 (7)...
AI summary The document presents a detailed breakdown of fuel and purchased power costs, including biomass, wind, and imports, along with operating and maintenance expenses for various energy sources such as thermal, hydro, wind, and solar. It includes figures for different years and cost differences.
(1) FUEL - 0.0% 0.0% 0.0% 0.0% (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND - 0.0% 0.0% 0.0% 0.0% (4) BIOMASS 0.0% 0.0% 0.0% 0.0% (5) MARITIME LINK 0.0% 0.0% 0.0% 0.0% (6) WIND ENRIS - 0.0% 0.0% 0.0% 0.0% (7) WIND NRIS 0.0% 0.0% 0....
AI summary The text presents a table with various fuel and power production categories, showing percentages and figures related to costs and operations. Most categories show 0.0% values, while some, like thermal operating and maintenance, have specific figures and percentages.
(1) FUEL - - - - - - - - - - (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND - - - - - - - - - - (4) BIOMASS - - - - - - - - - - (5) MARITIME LINK - - - - - - - - - - (6) WIND ENRIS - - - - - - - - - - (7) WIND NRIS - - - - - - - - -...
AI summary The document text presents a table with various categories related to fuel and power production, including purchased power, biomass, wind, and imports, along with associated costs and maintenance expenses. It includes data for thermal and hydro operating and maintenance costs, with specific values listed for thermal operating and maintenance at 27 and 2,239.
DIRECT EXPENSES EXPENSES EXPENSES EXPENSES EXPENSES EXPENSES POWER PRODUCTION (1) FUEL $366,094 $310,870 $0 $0 $0 $55,224 (2) PURCHASED POWER: (3) OTHER THAN BIOMASS AND WIND 27,737 27,646 0 0 0 91 (4) BIOMASS 21,026 20,957 0 0 0 69 (5) MA...
AI summary The document presents a detailed breakdown of power production expenses, including fuel costs, purchased power from various sources such as biomass, wind, and imports, and other related expenses. The total expenses are listed, along with changes over different periods.
GENERATION FUNCTION (1) FUEL 310,870 $0 $310,870 - (2) PURCHASES - OTHER THAN BIOMASS AND WIND 27,646 $13,322 $14,324 - (3) PURCHASES - BIOMASS 20,957 $5,810 $15,147 - (4) MARITIME LINK 201,489 $97,094 $104,395 (5) PURCHASES - WIND ERIS 33...
AI summary The text outlines generation and operational costs, including fuel, purchases, imports, and maintenance expenses for various energy sources such as biomass, wind, hydro, and others. It also includes entries related to demand-side management (DSM) and regulatory affairs expenses.
0 0 0 D-3A (16) OPER. & MAINT. - RADIAL TO GENERATION TRANS. 1,291 831 44 228 26 24 28 47 39 18 6 D-3A (17) DSM 0 See DSM Allocation (18) FCR DEFERRAL 0 0 0 0 0 0 0 0 0 0 0 P-14 (19) REG. AFFAIRS - ADVOCACY EXPENSE 648 315 51 253 0 29 0 0...
AI summary The document presents a financial breakdown of various operational and maintenance costs, including depreciation, interest, and regulatory affairs expenses. It includes figures for different line items such as demand-side management (DSM), fuel cost deferral, and grants in lieu. These details are likely part of a regulatory proceeding related to utility costs and financial reporting.
70 58 27 9 P-15B (9) Non-Operating Revenue: (10) FCR DEFERRAL 0 0 0 0 0 0 0 0 0 0 0 P-15B (11) OTHER REVENUE -315 -203 -11 -56 -6 -6 -7 -11 -9 -4 -2 O-9B (12) RETURN (PROFIT/LOSS) 40,284 25,936 1,373 7,125 816 747 861 1,463 1,212 559 193 P...
AI summary The text presents financial data related to non-operating revenue, FCR deferral, and other revenue categories, including operating and maintenance costs, regulatory affairs expenses, and grants in lieu. It includes figures for various periods and references to exhibits and orders.
0 0 0 0 0 0 0 E-1A (15) OPER. & MAINT. - RADIAL TO GENERATION TRANS. 1,388 730 50 304 49 36 58 94 41 17 11 E-1A (16) DSM 0 See DSM Allocation (17) FCR DEFERRAL 0 0 0 0 0 0 0 0 0 0 0 P-17 (18) REG. AFFAIRS - ADVOCACY EXPENSE 697 339 55 272...
AI summary The text presents a financial summary with various line items including operational and maintenance costs, demand-side management (DSM), fuel cost recovery deferral, regulatory affairs expenses, grants in lieu, depreciation, interest net of AFUDC, and preferred dividends. These figures are organized by category and year, with some entries referencing additional documentation.
t. (Customer) 3 0 0 0 0 0 0 12 $36.538 (16) Total Distribution 3 0 0 0 0 0 0 $0.000 - $36.538 (17) Total Transmission/Distribution $34,860 $0 $1,031 $2,500 $1,212 $4,743 $4,743 $2.150 - $36.538 (18) kW.h Sold 0 304,283 304,283 304,283 304,...
AI summary The text presents a detailed breakdown of financial data related to distribution, transmission, and customer accounts, including costs, revenues, and other financial metrics. The data includes figures for kW.h sold, unit costs, and various customer-related charges and credits.
ation (677,610) (677,610) Regulatory Amort. 100.0% K322 (11) Fuel Expense (1,808,772) (1,729,291) ML - NS Block (BCF COSS) 100.0% B8..M8 and B35..M37 (12) FAM Deferral Interest 328,135 343,365 Interest & Other Exp 100.0% H321 (13) AMI opt...
AI summary The text presents a financial summary of expenses and earnings, including fuel expenses, interest deferrals, AMI opt-out charges, and income tax. It highlights various line items such as non-regulated depreciation and earnings, and categorizes them under different expense headings.
URCES (206) HUMAN RESOURCES 9,248.4 -2,000 (207) (208) POWER PRODUCTION (209) POWER PRODUCTION - FUEL 366,094.3 (210) POWER PRODUCTION - OPERATING & MAINT. 58,188.7 (211) POWER PRODUCTION - HYDRO PLTS. 2,394.5 (212) POWER PRODUCTION - WIND...
AI summary The document provides a detailed breakdown of various costs and expenses related to human resources and power production, including fuel, operating and maintenance, hydro, wind, solar, biomass, and purchased power. It includes figures for different categories and subcategories of expenses.
89,972.5 (232) BUTU CAPACITY CREDIT 393.0 (233) OTHER OVERHEAD EXPENSES 7,886.5 6,978.0 908.6 System Planniing and ECI (234) CURRENT YEAR INCENTIVE PLAN PAYOUT 0 (235) DSM EXPENSES - Demand-related ATL Classes 923,250.7 923,250.7 0.0 (236)...
AI summary This document excerpt presents a detailed breakdown of financial and operational expenses, including capacity credit, overhead expenses, DSM expenses categorized by ATL classes, and depreciation and accretion for various energy generation sources such as steam, hydro, wind, and solar. It includes figures related to the Fuel Cost Recovery (FCR) deferral and grants in lieu of taxes.
0.0 6,242 6,242 6,242 0 (285) NON-FUNCTIONALIZED 42,846.9 0.0 42,847 42,847 42,847 0 (286) GENERAL PROPERTY 67,943.734 0.000 67,944 67,944 67,944 0 (287) 0.0 199,324 20,191.3 179,133 179,133 0 (288) TOTAL DEPRECIATION AND ACCRETION 288,826...
AI summary The text presents a table with financial data, including depreciation, interest charges, corporate taxes, and other financial line items. It highlights various categories such as non-functionalized assets, general property, and retirement-related entries, along with associated values and adjustments.
10,114 Allowance for Funds (17,343) Costs of Goods Sold 0 (294) RETAINED EARNINGS 212,348 (8.277) Net 154,226 Settlement Adj. 0 (295) Normal Interruption Cost 160.44 10,114 (296) Interr. Rider Coincident Demand & CD Losses 69,857 (297) PHP...
AI summary The text presents a financial summary with various line items related to costs, credits, and allocations. Key elements include fuel cost recovery deferrals, customer solutions allocators, and percentages for different customer segments.
Line # AVERAGE RATE BASE RATE BASE RATE BASE 2026 2027 (343) DIRECT FAM-related EXPENSES (344) FUEL 55,224.498 (345) PURCHASES - OTHER THAN BIOMASS AND WIND 91.136 (346) PURCHASES - BIOMASS 69.363 (347) MARITIME LINK 661.974 (348) PURCHASE...
AI summary The text presents a table detailing various expenses and revenue figures related to the rate base for 2026 and 2027, including fuel costs, purchases from different energy sources, and revenue from different customer classes. This data is likely used for regulatory proceedings related to rate-setting and cost recovery.
DIST 20.5 20.5 0.000 (376) SHORE POWER RETAIL 5.0 37.06 5.0 37.1 0.000 0.0 (377) GEN.REPL./LOAD FOLL. PROD (112.3) (112.3) 0.000 (378) GEN.REPL./LOAD FOLL. TRANS - - 0.000 (379) GEN.REPL./LOAD FOLL. DIST - - 0.000 (380) GEN.REPL./LOAD FOLL...
AI summary The text presents a table with various line items and associated values, including entries related to shore power, generation replacement, load follow, and ELIADC and BUTU activities across different sectors such as production, transmission, distribution, and retail. The table includes both positive and negative values, indicating financial flows or adjustments.
33 34 35 36 37 38 39 40 41 42 43 44 Line # Base Cost of Fuel Cost of Service Allocation of Fuel Expenses among Rate Classes 1 2 FOR THE YEAR ENDING DECEMBER 31, 2026 3 4 COLUMN A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB AC A...
AI summary This section presents a table outlining the allocation of fuel expenses among different rate classes for the year ending December 31, 2026. It includes various columns labeled with terms such as 'Base Cost of Fuel,' 'Cost of Service,' and 'Allocation of Fuel Expenses,' suggesting a detailed breakdown of financial data related to fuel costs.
11 Cost Allocation Factors Fuel-related C o s t s f r o m C O S Fuel Costs used for FAM purposes FAM Cost Classification V A R I A N C E FROM CA IR-001 Purchased Power other than Biomass and 12 3 CP Demands Energy Requirement Purchased Pow...
AI summary The text discusses fuel-related costs from the Cost of Service Study (C.O.S.S.) and their classification in the Financial Accounting Manual (FAM), highlighting variances from CA IR-001. It includes categories such as purchased power, biomass, wind, and other energy requirements.
Cost Amount Unit Cost (cents per kWh) before BUTU Capacity BUTU Capacity Credit Demand- Energy- Total Fuel-related costs (CA IR-001) Variance % Var 13 Relative Shares Relative Shares of
AI summary The text presents a table with columns for cost amounts, unit costs, and various categories such as 'before BUTU Capacity' and 'BUTU Capacity Credit.' It also includes terms like 'Demand-costs (CA IR-001)' and 'Variance' with a percentage column. The table appears to be related to cost analysis and financial reporting.
nd-related Total related related Total related related Total Energy-related Demand-related Total Energy-related Demand-related Total Total Exchange payments) Export Revenues fuels Exchange costs and Unbalanced Relative Share and Balanced c...
AI summary The text presents a detailed breakdown of energy-related and demand-related figures, including rate classes, revenue, costs, and shares for different segments such as residential and small general. The data includes metrics like export revenues, fuel costs, and relative shares, indicating a comprehensive financial and operational analysis of energy distribution.
100.0% $922,525,607 $169,225,810 $753,299,797 $922,525,607 1.581 7.038 8.619 $924,334,379 -$1,808,772 -0.2% REDACTED (CONFIDENTIAL INFORMATION REMOVED) REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 5 Page 2 of 12 Monthly Fuel...
AI summary The document presents a detailed breakdown of monthly fuel cost allocations for the period of January 2026 to December 2026, including purchased power, biomass, and Comfit costs. The total fuel cost allocation for the year is approximately $20.3 million, with significant contributions from biomass and Comfit.
$2,209,053 $1,774,468 $1,910,905 $338,372 $1,760,529 $1,747,854 $2,221,955 $2,265,821 $1,832,245 $345,941 $1,921,853 $1,973,556 $20,302,553 Maritime Link ML - NS Block (GWh) $13,250,000 $13,250,000 $13,250,000 $13,250,000 $33,082,221 $13,2...
AI summary The text presents a series of numerical figures related to financial and energy data, including costs and energy generation figures, with specific references to Maritime Link and other energy-related blocks and programs.
$32,922,323 $33,618,292 $35,338,682 $38,980,308 $59,224,446 $37,661,631 $33,253,106 $31,260,232 $37,564,692 $38,167,443 $59,747,461 $39,329,909 $477,068,526 Plant Fuel Costs Plant Fuel Costs $67,441,935 $54,358,722 $49,574,650 $30,087,598...
AI summary The document presents a series of financial figures related to plant fuel costs and BTL class fuel-related costs for various months from January 2026 to December 2026, with a total of $445,457,081 for Plant Fuel Costs and $10,273,192 for BTL Class Fuel-related costs. The data appears to be part of a compliance filing related to GRA (Grid Reliability and Availability) for the 2026-2027 period.
Fuel costs before PP Domestic $38,228,651 $31,179,517 $26,920,887 $15,230,729 $10,102,130 $9,371,790 $14,259,027 $14,576,495 $8,810,958 $10,712,877 $16,063,256 $25,148,979 $220,605,297 Small General $2,328,777 $1,884,233 $1,684,765 $957,02...
AI summary The document presents a table of fuel costs categorized by different customer segments, including Domestic, Small General, General, Large General, Small Industrial, Medium Industrial, Large Industrial, PHP, and Municipal, over a series of years. The data shows the variation in fuel costs across these segments.
Fuel Cost Allocators ATL Domestic 57.24952% 57.97% 54.67% 51.78% 47.06% 41.84% 41.85% 42.36% 40.03% 43.20% 48.90% 57.21% 49.80% Small General 3.48747% 3.50% 3.42% 3.25% 3.35% 3.39% 3.46% 3.43% 3.34% 3.21% 3.27% 3.29% 3.37% General 19.78738...
AI summary The text presents a table showing fuel cost allocators across various categories such as Domestic, Small General, General, Large General, Small Industrial, Medium Industrial, Large Industrial, PHP, and Municipal. The percentages represent allocations over different periods.
1.44063% 1.37% 1.28% 1.11% 0.76% 0.77% 0.92% 0.89% 1.00% 1.10% 1.27% 1.28% 1.13% Unmetered BUTU Total 100.00000% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% REDACTED (CONFIDENTIAL INFORMA...
AI summary The document presents various percentages and financial figures related to capacity credits, demand charges, and biomass calculations for the 2026-2027 GRA Compliance Filing. It includes data on installed capacity, fuel costs, and operating expenses for biomass projects.
$ 58,575 $ 58,575 $ - $ - $ (32,068) $ 32,068 $ - $ 26,506 $ 32,068 $ - Total Generation Plant $ 2,091,705 $ 2,091,705 $ - $ - $ (1,145,168) $ 1,145,168 $ - $ 946,537 $ 1,145,168 $ - General Property Plant -generation-related $ 144,056.3 $...
AI summary The document provides financial data related to generation plant costs and rate base factors, including figures for total generation plant, general property plant, and applicable rate base factors. The text also references a compliance filing related to the Greenhouse Gas Emissions Regulations (GRA) for the period 2026-2027.
REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 5 Page 10 of 12 Data Inputs Category Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Annual Plant Fuel Costs $67,441,935 $54,358,722 $49,574,65...
AI summary The document presents data inputs for the 2026-2027 GRA Compliance Filing, including plant fuel costs and Maritime Link-related expenses across various months and annually. The data shows fluctuating costs and specific allocations for different blocks under the Maritime Link.
Export Revenues $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 OM&G (Solid Fuel Handling) recovered in fuels $0 Foreign Exchange (Fuel-related) $0 ML - NS Block per Appliation $16,706,101 $16,706,101 $16,706,101 $16,706,101 $16,706,101...
AI summary The text provides a financial overview of various revenue and cost components, including export revenues, OM&G recovered in fuels, foreign exchange, and adjustments related to the Maritime Link (ML) and NS Block. It also includes total FAM related costs for different periods.
REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 6 Page 1 of 13 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Line # Base Cost of Fuel Cost of Service...
AI summary The document is a compliance filing related to the 2026-2027 Greenhouse Gas Emissions Regulations (GRA), focusing on the base cost of fuel and the cost of service, including the allocation of fuel expenses among different rate classes.
Base Cost of Fuel Cost of Service Allocation of Fuel Expenses among Rate Classes 1 2 FOR THE YEAR ENDING DECEMBER 31, 2027 3 4 COLUMN A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB AC AD AE AF AG AH AI AJ AK AL AM AN AO AP AQ AR...
AI summary The document discusses the allocation of fuel expenses among different rate classes for the year ending December 31, 2027. It includes a table with columns labeled A through AR, likely detailing financial data related to fuel costs and service allocation.
11 Cost Allocation Factors Fuel-related C o s t s f r o m C O S Fuel Costs used for FAM purposes FAM Cost Classification V A R I A N C E FROM CA IR-001 Purchased Power other than Biomass and 12 3 CP Demands Energy Requirement Purchased Pow...
AI summary The text discusses fuel-related costs from the Cost of Service Study (C.O.S.S.) and their classification in the Financial Accounting Manual (FAM), highlighting variances from CA IR-001. It includes categories such as purchased power, biomass, wind, and other energy requirements.
costs (CA IR-001) Variance % Var 13 Relative Shares of Relative Shares of Imports (allocated on Basic and Supplemental Blocks ERIS NRIS Credit, Export Revenues, (Allocated demand- OM&G costs Demand-related Energy-related Total related rela...
AI summary The text presents a table with cost-related data, including variance percentages, embedded costs, fuel costs, and energy-related and demand-related costs, categorized by rate class and other factors. It appears to be a detailed financial breakdown from a regulatory proceeding.
$923,250,690 8.690 $220,838,780 $702,411,910 $923,250,690 2.079 6.611 8.690 $924,979,982 -$1,729,291 -0.2% 40 41 Exports 100.00% - - - 42 43 Grand Total 6,999,029 11,374,442,170 10,624,239,872 $366,094,293 $89,972,498 $8,930,099 $6,266,657...
AI summary The text presents a financial summary with figures related to fuel costs and includes a mention of a compliance filing for the 2026-2027 Greenhouse Gas Emissions Regulations (GRA). The table shows various financial metrics, including exports, grand totals, and cost allocations.
REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 6 Page 2 of 13 Monthly Fuel Cost Allocation Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Oct-27 Nov-27 Dec-27 Total Purchased Power Imports $4,745,529 $6,120,982...
AI summary The document presents a monthly fuel cost allocation table for the period January 2027 to December 2027, detailing costs for purchased power, biomass, and Comfit. The table includes specific figures for each month and the total annual allocation.
$41,340,627 $43,985,444 $46,241,001 $46,576,589 $61,899,803 $40,151,171 $41,368,405 $38,669,878 $40,867,359 $40,677,295 $66,950,683 $48,428,142 $557,156,397 Plant Fuel Costs Plant Fuel Costs $57,665,346 $47,414,297 $37,738,955 $19,947,552...
AI summary The text presents a series of financial figures related to plant fuel costs, BTL class fuel-related costs, and ATL-related fuel costs (net of BTL without BUTU) over a period of time, with totals provided for each category. These figures are likely part of a regulatory filing related to compliance with the Greenhouse Gas Emissions Regulations.
BIOMASS $654,243.31 $539,350.66 $593,637.56 $163,612.69 $526,263.03 $542,666.69 $662,418.59 $685,684.74 $550,770.49 $165,356.29 $590,805.11 $591,848.15 $6,266,657 Energy Domestic $397,717 $309,956 $325,242 $81,477 $232,141 $237,004 $292,41...
AI summary The document provides financial data related to various energy sectors, including biomass, domestic, and industrial categories, with detailed figures for different periods and categories. It outlines expenditures and revenues across multiple segments within the energy industry.
Fuel Cost Allocators ATL Domestic 59.95% 60.79% 57.47% 54.79% 49.80% 44.11% 43.67% 44.14% 42.26% 45.80% 51.79% 60.12% 52.41% Small General 3.71% 3.73% 3.65% 3.50% 3.60% 3.64% 3.68% 3.64% 3.59% 3.46% 3.52% 3.51% 3.61% General 20.37% 20.08%...
AI summary The document presents percentages for various fuel cost allocators across different customer categories, showing fluctuations over time. The data indicates how fuel costs are distributed among domestic, general, industrial, and other customer segments.
REDACTED 2026-2027 GRA Compliance Filing - SR-01 Attachment 6 Page 10 of 13 Data Inputs Category Jan-27 Feb-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Oct-27 Nov-27 Dec-27 Annual Plant Fuel Costs $57,665,346 $47,414,297 $17,809,534 $19,048,134...
AI summary The document presents financial data for Plant Fuel Costs and Maritime Link (ML) related expenses across various months from January 2027 to December 2027, including annual totals. The data includes breakdowns for ML - NS Block, ML - Supp Block, and ML - Surplus.
3 $13,608,333 $33,033,866 $13,608,333 $13,608,333 $13,608,333 $13,608,333 $13,608,333 $33,033,866 $13,608,333 $202,151,066 Non-Wind Purchases Purchased Power Regular bfr Biomass $1,912,288 $2,286,050 $2,707,206 $2,536,520 $2,107,445 $1,929...
AI summary The text presents numerical data on non-wind purchases and biomass-related power purchases over multiple years, highlighting variations in costs and totals. The figures suggest fluctuations in spending on these energy sources.
Export Revenues $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 OM&G (Solid Fuel Handling) recovered in fuels $0 Foreign Exchange (Fuel-related) $0 ML - NS Block per Appliation $16,990,030 $16,990,030 $16,990,030 $16,990,030 $16,990,030 $16,990...
AI summary The text presents financial data related to export revenues, OM&G costs, foreign exchange, and adjustments for the NS Block under various decisions. It includes figures for total FAM related costs and costs with OATT customers over multiple years.
89,460,033 $ 916,623,022 Total FAM related costs with OATT customers $ 99,005,973 $ 91,399,741 $ 79,709,337 $ 59,199,305 $ 67,627,020 $ 68,127,506 $ 58,840,430 $ 62,029,916 $ 96,474,864 $ 90,332,503 $ 923,250,690 Purchased Biomass Generati...
AI summary The text presents financial data related to FAM costs, purchased biomass generation, and BLT fuel costs. These figures include totals and breakdowns across various years and categories, likely related to regulatory proceedings involving energy and utility costs.
PHP BTL Rate Energy Requirement 50.528 48.376 51.005 47.390 42.584 36.502 31.861 30.373 36.854 43.415 49.265 50.470 518.62 Sales 49.27 47.17 49.72 46.27 41.60 35.66 31.14 29.72 36.01 42.40 48.04 49.27 506.26 Spill (at the meter) 0.013 0.93...
AI summary This chunk presents data related to energy requirements, sales, spill, and fuel costs over a period of time. It includes figures for various metrics, such as energy requirement, sales, spill, and net sales, along with corresponding fuel costs and net sales values in dollars per MWh.
101825Board Order
50 passages
FUEL ADJUSTMENT MECHANISM (FAM) The FAM Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the FAM Tariff, shall apply, in additio...
AI summary The Fuel Adjustment Mechanism (FAM) includes Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits, applied in cents per kilowatt-hour, in addition to the energy charge for the current rate year as outlined in the FAM Tariff.
FUEL ADJUSTMENT MECHANISM (FAM) The FAM Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the FAM Tariff, shall apply, in additio...
AI summary The Fuel Adjustment Mechanism (FAM) outlines Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits in cents per kilowatt-hour, which are applied in addition to the energy charge under the current rate year's Tariff.
CUSTOMER CHARGE per month Effective upon the date of the Board's Order $22.00 Effective January 1, 2027 $22.73 ENERGY CHARGE cents per kilowatt-hour for the first 200 kilowatt-hours per month for all additional kilowatt-hours Effective upo...
AI summary The document outlines the customer charge and energy charge rates effective from the date of the Board's Order and January 1, 2027. It also introduces the Fuel Adjustment Mechanism (FAM), which is discussed as a key topic in the proceeding.
FUEL ADJUSTMENT MECHANISM (FAM) The FAM Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the FAM Tariff, shall apply, in additio...
AI summary The Fuel Adjustment Mechanism (FAM) outlines Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits, in cents per kilowatt-hour, that apply in addition to the energy charge for the current rate year as shown in the FAM Tariff.
The FAM Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the FAM Tariff, shall apply, in addition to the energy charge.
AI summary The document outlines the application of Fuel Adjustment Mechanism (FAM) Actual Adjustment (AA) and Balance Adjustment (BA) charges or credits in cents per kilowatt-hour, which are applicable to the Tariff for the current rate year as shown in the FAM Tariff, in addition to the energy charge.
ENERGY CHARGE cents per kilowatt-hour for the first 200 kilowatt-hours per month per kilovolt ampere of maximum demand for all additional kilowatt-hours Effective upon the date of the Board's Order 13.832 11.516 Effective January 1, 2027 1...
AI summary The document outlines energy charge rates and the Fuel Adjustment Mechanism (FAM). It provides tiered pricing for electricity, with different rates for the first 200 kilowatt-hours and additional usage. The FAM is also mentioned, which is used to adjust rates based on fuel costs.
ENERGY CHARGE cents per kilowatt-hour Effective upon the date of the Board's Order 11.043 Effective January 1, 2027 11.917 FUEL ADJUSTMENT MECHANISM (FAM)
AI summary The document outlines the Energy Charge effective upon the date of the Board's Order and on January 1, 2027. It also introduces the Fuel Adjustment Mechanism (FAM), which is discussed as a key component of the regulatory framework for energy pricing.
per month Effective upon the date of the Board's Order $22.00 per month Effective January 1, 2027 $22.73 Capital Charge (if applicable)
AI summary The document outlines monthly charges effective upon the date of the Board's Order and on January 1, 2027. It also mentions a Capital Charge, though its applicability is conditional.
Per month Effective upon the date of the Board's Order $22.00 Effective January 1, 2027 $22.73 Availability
AI summary The text provides information on the effective dates and amounts of a monthly charge, which appears to be related to a regulatory decision by the Board. The charge increases from $22.00 to $22.73 effective January 1, 2027.
FUEL ADJUSTMENT The applicable charges for electric service to the Company's retail and municipal customers shall be increased or decreased to the nearest 0.001 cents per kWh to recover or credit the difference in actual fuel cost from the...
AI summary The document outlines a formula for adjusting fuel charges for electric service to retail and municipal customers based on the difference between actual fuel costs and base rate costs, rounded to the nearest 0.001 cents per kWh.
Where: "AA" is a rate class-specific Actual Adjustment which is the difference between fuel-related costs recovered from a rate class through the application of the base rates during the previous calendar year and the actual Fuel Costs inc...
AI summary The text defines two adjustments related to fuel costs in rate classes. 'AA' represents the difference between fuel-related costs recovered through base rates and actual fuel costs incurred. 'BA' accounts for over- or undercollections resulting from prior adjustments.
(1) Base Cost of Fuel The Base Cost of Fuel can be re-set in a General Rate Application or, absent a General Rate Application, every second year as part of the FAM adjustment process. Changes in the Base Cost of Fuel will be reflected in c...
AI summary The Base Cost of Fuel can be reset every two years through the FAM adjustment process or in a General Rate Application. Changes to this cost will affect customer rates according to the Board-approved Cost of Service Methodology.
(2) Incentive For a total fuel cost variance of up to $50 million dollars (Actual Fuel Costs - [(Actual Sales) x (Base Fuel Cost $/MWh)]), 90% of any savings or increase in cost will be credited or charged to customers. The portion of any...
AI summary This section discusses an incentive mechanism related to fuel cost variances. For variances up to $50 million, 90% of the difference is passed on to customers, while any excess variance is fully applied in the calculation of the Actual Adjustment (AA). Credits or charges are applied to the energy component of rates on a cents per kWh basis.
(a) To non-FAM classes When a customer transitions its load, whether in whole or in part, from a FAM class to a non-FAM class, NS Power shall determine the outstanding fuel cost imbalance of the customer at the time of transition. This det...
AI summary When a customer moves from a FAM class to a non-FAM class, NS Power must calculate the fuel cost imbalance and adjust it in future FAM proceedings. Adjustments require approval from the Nova Scotia Energy Board and must be resolved on terms acceptable to both parties, or as determined by the NSEB.
(b) From non-FAM classes When a customer transitions its load, whether in whole or in part, to a FAM class from a non-FAM class, the customer will pay (or be reimbursed) outstanding FAM balances outside of the Fuel Adjustment Rider, on rea...
AI summary When a customer transitions from a non-FAM class to a FAM class, outstanding FAM balances are settled outside the Fuel Adjustment Rider on terms acceptable to the customer and NS Power, requiring NSEB approval.
2026 Effective upon the date of the Board's Order Rate Class Actual Adjustment (AA) in cents per kWh Balance Adjustment (BA 1) in cents per kWh Balance Adjustment (BA-2) in cents per kWh FAM AA/BA Combined in cents per kWh Domestic Service...
AI summary The document presents a table outlining various rate classes and their corresponding adjustments under the Fuel Adjustment Mechanism (FAM) effective upon the Board's Order and January 1, 2027. It includes Actual Adjustment (AA) and Balance Adjustment (BA) values in cents per kWh for different customer categories.
SCHEDULE 9: REAL POWER LOSS FACTORS For Point-to-Point service, the Transmission Provider will seasonally calculate loss factors to be used on a path-by-path basis. For each season, winter and summer, the power flow models used to calculat...
AI summary Schedule 9 outlines the calculation and application of real power loss factors for Point-to-Point and Network Service by the Transmission Provider. Loss factors are determined seasonally and annually, with specific rates and formulas provided for Network Integration Transmission Service and congestion charges.
Fuel Adjustment Mechanism Plan of Administration in Effect for 2026-2027 Effective: May 1, 2026
AI summary The Fuel Adjustment Mechanism Plan of Administration for 2026-2027 becomes effective on May 1, 2026, outlining the framework for managing fuel costs in the electricity sector.
1.0 GENERAL DESCRIPTION This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (as of April 1, 2025 referred to...
AI summary This document outlines the administration plan for Nova Scotia Power Inc.'s Fuel Adjustment Mechanism (FAM), approved by the Nova Scotia Energy Board. The FAM allows for the recovery of fuel and purchased power costs, with the Base Cost of Fuel being reset periodically through General Rate Applications or Board orders. Stakeholders can challenge the methodology and forecasts used in the FAM, and the Board will conduct audits of NS Power's FAM accounts.
2.0 FAM COMPONENTS Each January 1 through December 31 period shall constitute a distinct FAM year. Under the FAM, an adjustment will normally be calculated once per year to reflect the over/-under recovery. The FAM adjustment will consist...
AI summary The Fuel Adjustment Mechanism (FAM) consists of two components designed to recover fuel and purchased power costs annually, with adjustments calculated once per year from January 1 through December 31.
1. The Actual Adjustment Component (AA) a. Established at a rate expected to recover the amount of the difference between the prior FAM year's actual fuel and purchased power costs and those recovered through the Base Cost of Fuel Componen...
AI summary The Actual Adjustment Component (AA) is established to recover the difference between actual fuel and purchased power costs from the prior year and the amounts recovered through the Base Cost of Fuel Component, covering a 12-month period.
2. The Balancing Adjustment Component (BA) - a. The Balancing Adjustment Component will provide for a correction to ensure that over/under-recovery produced by the Actual Adjustment Component is tracked and refunded to or recovered from cu...
AI summary The Balancing Adjustment Component (BA) is designed to correct over/under-recovery from the Actual Adjustment Component and may include deferrals of fuel and purchased power costs, subject to Board approval, effective May 1, 2026.
3.0 CALCULATION OF THE FAM RATE NS Power's FAM is a forecasted base fuel rate operating on an annual cycle that includes an over/under recovery mechanism consisting of an Actual Adjustment (AA) and Balance Adjustment (BA). The following fo...
AI summary This section outlines the calculation of the Fuel Adjustment Mechanism (FAM) rate, which includes Actual Adjustment (AA) and Balance Adjustment (BA). The AA accounts for differences between revenues and actual fuel costs, while the BA manages deferred fuel costs. Calculations are based on annual cycles and include a sample calculation in Appendix A.
Wholesale Market Backup/Top-up Service Tariff (BUTU). - 2. For ATL and BUTU classes the following costs and credits - a. NS Power's plant fuel costs - b. costs of biofuels of purchased biomass generation - c. non-firm imports costs - d. ex...
AI summary The Wholesale Market Backup/Top-up Service Tariff (BUTU) outlines how fuel and other costs are classified and allocated to different classes based on their energy requirements and load factors. Fuel costs are adjusted using a revenue-to-cost ratio to align with approved rates for each class.
3.1 Treatment of load migrating between FAM/non-FAM classes When a customer transitions some or all of its load between FAM- and non-FAM classes, NS Power shall treat the customer's migrating load in accordance with Special Condition 3 of...
AI summary This section outlines how Nova Scotia Power should handle customer load that transitions between FAM and non-FAM classes, referencing Special Condition 3 of the FAM Tariff.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section outlines the framework for allowable fuel and purchased-power costs eligible for recovery through the Fuel Adjustment Mechanism (FAM). It includes normal, recurring, non-capital expenses and discrepancies supported by surveys, as well as exceptional costs reviewed by the Small Working Group.
3.2.1 Natural Gas - Natural Gas Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Pipeline Reservation Fees, Tolls, Penalties (such as imbalance charges) - Pipeline Losses - Natural Ga...
AI summary The section outlines various financial and operational aspects related to natural gas, including consumption, hedging instruments, pipeline costs, storage fees, and GHG emission compliance program costs.
Costs of this type are normally recorded in the following accounts in NS Power's Chart of Accounts: 502050 REG FUEL GAS CONSUMED 502160 REG FUEL GAS SOLD 502100 REG FUEL GAS CONSUMED FX 502200 REG NATURAL GAS PIPELINE TOLL 502150 REG FUEL...
AI summary The text outlines the accounts in NS Power's Chart of Accounts where specific fuel-related costs are recorded, including gas consumed, sold, pipeline tolls, and losses, among others. It also introduces a section on solid fuel.
Costs directly applied: - o Third Party Fuel Handling, Transportation (e.g movement between Long Term Dead Storage/Bear head and plants) and Maintenance related to Coal Piles - o Storage fees (e.g. lease, handling fees, facility fees) - o...
AI summary The document outlines various costs directly applied by Nova Scotia Power, including fuel handling, transportation, environmental compliance, and storage fees, with specific categories and accounting practices for recording these expenses.
502250 REG FUEL COAL CONSUMED 502260 REG FUEL COAL CONSUMED IMPORT 502270 REG FUEL COAL CONSUMED DOMESTIC 502290 REG FUEL COAL CONSUMED OTHER 502280 REG FUEL COAL CONSUMED PETCOKE 502350 REG FUEL COAL CONSUMED FUEL TESTING 502300 REG FUEL...
AI summary This section outlines regulatory codes related to fuel coal consumption, including categories such as imported, domestic, pet coke, and other types of coal consumption, as well as fuel testing and foreign exchange (FX) related to coal consumption. It also introduces a section on heavy fuel oil.
- HFO/Bunker Fuel Consumed - Financial Instruments used for Hedging (including gains, losses, fees and interest charges) - Quality Testing and Inventory Measurement Costs Effective: May 1, 2026 Page 13 of 33 - Standby Emergency Response Se...
AI summary The text outlines various costs associated with fuel consumption, transportation, compliance, and maintenance, including hedging financial instruments, emergency response services, and GHG emission compliance programs. These costs are relevant to operational and regulatory considerations in the energy sector.
3.2.5 Light Starter Oil - LFO (Light Fuel Oil) Commodity Consumed - Transportation Cost - Quality Testing and Inventory Measurement Costs - GHG Emission Compliance Program costs Costs of this type are normally recorded in the following acc...
AI summary This section outlines the costs associated with Light Fuel Oil (LFO) commodity consumption, including transportation, quality testing, inventory measurement, and GHG emission compliance program costs. These costs are recorded in NS Power's Chart of Accounts under account 502550.
3.2.7 Fuel – Limestone - Limestone and related transportation - Limestone Ash Hauling and Equipment Rentals - Limestone Royalties - Water Royalties Costs of this type are normally recorded in the following account in NS Power's Chart of Ac...
AI summary The section discusses fuel-related costs associated with limestone, including transportation, ash hauling, equipment rentals, and royalties. These costs are recorded in account 502650 REG FUEL LIMESTONE CONSUMED in NS Power's Chart of Accounts.
3.2.8 Purchased Power - Independent Power Producer (IPP) Purchases (e.g. Wholesale Market Non-Dispatchable Spill Tariff) IPP, COMFIT production bonuses and penalties and costs associated with renewable energy programs (e.g. on bill credits...
AI summary The section discusses various types of purchased power costs, including Independent Power Producer (IPP) purchases, Community Feed in Tariff (COMFIT) purchases, and Import Power Purchases, along with associated fees and financial instruments used for hedging. These costs are recorded in NS Power's Chart of Accounts under account 502700.
Effective: May 1, 2026 Page 16 of 33 502750 REG PURCHASED POWER FX 502800 REG PURCHASED POWER COMMODITY DERIVATIVES 502850 REG PURCHASED POWER IPP PRE 2001 502950 REG PURCHASED POWER COMFIT SMALL 502900 REG PURCHASED POWER IPP POST 2001 50...
AI summary The document outlines various regulatory codes related to purchased power, including derivatives, IPPs, and COMFIT programs, and introduces a section on fuel biomass.
3.2.10 Fuel – Mercury Sorbent - Additives Powder Activated Carbon (PAC) and Calcium Chloride - Transportation Costs - Costs relating to a Hg (mercury) Diversion Program that has been approved by the Minister of Environment under the Air Qu...
AI summary The text discusses costs associated with Mercury Sorbent under the Fuel section, including additives like Powder Activated Carbon and Calcium Chloride, transportation costs, and costs related to a mercury diversion program approved by the Minister of Environment. These costs are recorded in specific accounts within NS Power's Chart of Accounts.
417300 REG GRID SALES REVENUE 503200 REG NATURAL GAS REVENUE 503250 REG NATURAL GAS REVENUE FX 503300 REG WIND RECEIVABLES PURCHASED POWER 503350 REG WIND RECEIVABLES FUEL FOR GENERATION 535850 MISC REVENUE These revenues will offset FAM-e...
AI summary The document outlines various revenue categories, including grid sales, natural gas, wind receivables, and miscellaneous revenue. These revenues are intended to offset FAM-eligible fuel and purchased-power costs, highlighting the financial mechanisms in place for cost recovery.
3.2.14 Foreign Exchange All NS Power Fuel Accounts are subject to adjustments to record expenses or revenues denominated in foreign currencies and include the gain or loss on currency hedges entered into for the purpose of fuel procurement.
AI summary The section discusses how NS Power Fuel Accounts are adjusted for foreign currency expenses and revenues, including gains or losses from currency hedges used in fuel procurement.
3.2.15 Limited-Duration Fuel Testing These fuel testing costs (including solid fuel, liquid fuel and additives such as PAC) consist of the amounts directly incurred for shipping and handling and for conducting the test (e.g., third party t...
AI summary The document outlines the scope of limited-duration fuel testing costs, which include expenses for shipping, handling, and third-party testing of solid, liquid fuels, and additives. These costs are non-capital and must be separately identified in the Company's accounting records.
3.2.16 BTL Costs Spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff Fuel cost incurred in providing service under the Wholesale Market Backup/Top-up Service tariff, less revenue received under the Whole...
AI summary This section discusses BTL (Balancing and Transmission Loss) costs, specifically focusing on spill energy payments under the Wholesale Market Non-Dispatchable Supplier Spill Tariff and fuel costs under the Wholesale Market Backup/Top-Up Service tariff, net of non-fuel items.
3.3 Calculation of Fuel Costs The fuel costs in the Base Cost of Fuel recovered through the FAM include allowable fuel and purchased power expenses (as noted in section 3.1 above) less revenues from exported power.
AI summary This section outlines the calculation of fuel costs in the Base Cost of Fuel, which includes allowable fuel and purchased power expenses, excluding revenues from exported power, as determined through the Fuel Adjustment Mechanism (FAM).
3.4 Deferrals Effective: May 1, 2026 Page 20 of 33 During the 2026-2027 GRA Period, NS Power may include prior FAM deferrals for certain rate classes (Large General, Medium Industrial, and Large Industrial) in order to save additional inte...
AI summary During the 2026-2027 GRA Period, NS Power may include prior FAM deferrals for certain rate classes to save additional interest charges by avoiding further deferral to the end of the period.
Annual Filing Requirements for Fuel Adjustment Rider For the years 2026 and 2027 NS Power will submit as required a Fuel Adjustment Mechanism Formula filing for the AA and BA, which shall provide a forecast of general system requirements a...
AI summary NS Power is required to submit Fuel Adjustment Mechanism Formula filings for 2026 and 2027, which will include forecasts of general system requirements and proposed calculations for the Fuel Adjustment Mechanism Formula.
Annual Filing Requirements for Base Cost of Fuel Forecast For each year in which NS Power applies to adjust the Base Cost of Fuel, a load forecast, Base Cost of Fuel and net system requirement forecast filing for the upcoming FAM year (Jan...
AI summary NS Power must submit annual, quarterly, and monthly standardized filings related to the Base Cost of Fuel forecast, using templates approved by the Board. These filings include load forecasts, fuel forecasts, and supporting reports. Changes to reporting templates require stakeholder and Board approval.
5.0 AUDIT AND OVERSIGHT The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to assure fuel and purchased power costs were incurred reasonably and prudently. The results of any audi...
AI summary The Fuel Adjustment Mechanism (FAM) amounts are subject to periodic audit to ensure accuracy and reasonableness of fuel and purchased power costs. Audit results will be considered in future hearings for adjusting the Base Cost of Fuel or Fuel Adjustment Factor, or in a General Rate Case, based on requests from NS Power, stakeholders, or the Board.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2026-2027 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The NSEB requires an independent audit of NS Power's Fuel Adjustment Mechanism (FAM) during the 2026-2027 GRA period, covering financial and management aspects of fuel procurement and recovery, including the FAM formula and actual costs.
Objectives and Scope of the Audit The overall objective of the FAM audit will be to examine operational and managerial aspects of the fuel and energy procurement, management, and production functions and activities of NS Power, including a...
AI summary The audit aims to examine NS Power's fuel and energy procurement, management, and production practices, ensuring compliance with good utility practices and the NS Power Fuel Manual. It will assess operational and managerial aspects, including any related affiliate transactions.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary This section outlines the procedures for stakeholder review and discovery during the Base Cost of Fuel adjustment process. It details the availability of non-confidential and confidential reports, access to NS Power's electronic data cart, and the opportunity for stakeholders to challenge fuel costs and forecasts during hearings.
7.0 DEFINITIONS Actual Adjustment (Refund)/Recovery Rate – AA: is an Actual Adjustment which consists of the difference between fuel-related costs recovered from a rate class through the application of the base rates and the actual fuel co...
AI summary The text defines key terms related to fuel cost adjustments and financial calculations used in regulatory proceedings, including Actual Adjustment Rate, Balance Adjustment Rate, and Annual Weighted Average Cost of Capital. These terms are essential for understanding how fuel costs are recovered and adjusted in utility rate structures.
Effective: May 1, 2026 Page 32 of 33 Nova Scotia Power Inc. N SPI (FAM) A-1 Annual FAM Reporting ONFIDENTIAL Year 20XX Summary of Wind Curtailments Properties January February March April May June July August September October November Dec...
AI summary The document presents a table detailing annual wind curtailments by Nova Scotia Power Inc. (NSPI) and other wind generation sources, including percentages of curtailments relative to total wind generation. The table includes notes and is marked as confidential.