N-1Report - Redacted
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NS Power Natural Gas Report for November 1, 2024 - October 31, 2025 REDACTED 1 Figure 28 – (CONFIDENTIAL) Forecast Consumption and Prices vs. Actuals April-October 2 2025 with PHP in the Forecast, with PHP in the Actuals 34 3 Figure 29 – N...
AI summary The NS Power Natural Gas Report for the period November 1, 2024, to October 31, 2025, includes confidential figures and data on natural gas consumption, prices, and flows. It covers forecasts, actuals, and comparisons of consumption and supply across various regions and facilities.
3 - 4 Source: NS Power Consumption Data, Confidential - 5 Headwater data https://headwaterexp.com/ - 6 M&NP US deliveries https://infopost.enbridge.com/infopost/ 7 8 Daily average gas prices in New England were approximately USD $9.34/MMBt...
AI summary The text discusses NS Power's natural gas consumption patterns and pricing strategies, highlighting how the company adjusts its fuel usage based on price fluctuations and utilizes fuel switching between different energy sources. It also notes that NS Power's weighted average gas prices may differ from daily index prices due to its contractual arrangements.
4 2.8 NS Power NYMEX Hedging 6 NS Power's monthly forecast gas consumption for the winter period (based on the forecast 7 completed prior to the consumption period) was MMBtu/day. March 8 2025 was forecast to be month at MMBtu/day. Please...
AI summary The text discusses NS Power's monthly forecast gas consumption for the winter and summer periods in 2025, referencing confidential data and recommendations presented to the Fuel Strategy Table (FST). Specific figures are not provided, but the document directs readers to confidential binders and attachments for detailed information.
NS Power Natural Gas Report for November 1, 2024 - October 31, 2025 REDACTED - 1 As shown in Figure 24 , NS Power financially hedged a portion of the November 2024 to October - 2 2025 forecast Henry Hub requirements and AECO and Algonquin...
AI summary NS Power has financially hedged a portion of its natural gas requirements for the period November 2024 to October 2025, as illustrated in Figure 24, which includes forecast consumption and NYMEX Henry Hub, AGT Basis Swaps, and AECO Basis Swaps.
9 2.9 Swing Swaps - 10 NS Power did not hedge any of the November 2024 to October 2025 forecast Henry Hub Swing - 11 Swap requirements. Most months in the period that had material (over 10,000 MMBtu/day) - 12 forecast consumption were pric...
AI summary NS Power did not hedge any of the November 2024 to October 2025 forecast Henry Hub Swing Swap requirements, as most months in the period with material forecast consumption were priced using first-of-the-month indexes, which eliminated the need for swing swaps. Similar actions were taken for Algonquin or AECO basis swing swaps.
NS Power Natural Gas Report for November 1, 2024 - October 31, 2025 REDACTED 1 November 2024 to October 2025 period. Most months in the period that had material (over 2 10,000MMBtu/day) forecast consumption were priced off first-of-the-mon...
AI summary The document discusses NS Power's natural gas hedging strategies for the November 2024 to October 2025 period, including the use of basis swaps and swing swaps. It references confidential data and methodologies for hedging and fuel strategy recommendations.
Port Hawkesbury Paper load in Figure 28. & lt;sup>28 Confidential Attachment 1, Tab "Fig 25 a&b, 26 a&b" Cell Range P8-W33 NS Power Natural Gas Report for November 1, 2024 - October 31, 2025 REDACTED Forecast Consumption and Prices April t...
AI summary The text references confidential NS Power natural gas reports and figures related to forecast consumption and prices from April to October 2025, with and without PHP (likely a program or initiative) in the forecast and actuals. The figures are part of a regulatory proceeding and include data from confidential attachments.
1 8.0 LONG-TERM FORECAST 2 3 NS Power Gas Demand Forecast 4 - 5 NS Power's long-term demand forecast for natural gas is contingent on the relative delivered cost - 6 of gas compared to alternatives. 7 - 8 The latest consumption forecast, u...
AI summary NS Power's long-term natural gas demand forecast depends on the relative delivered cost of gas compared to alternatives. The forecast uses data from the Q4 2025 Fuel and Purchased Power forecast and modeling for the NS-NB Reliability Intertie Project Application (M12217).
13 9.2.1 World LNG Pricing 15 Figure 33 shows LNG pricing for multiple trading points in the world from 2024 to 2025. Prices 16 are forecast to be very muted compared to what was seen in prior years. Henry Hub sees strong DATE FILED: Decem...
AI summary The text discusses global LNG pricing from 2024 to 2025, noting that prices are expected to be significantly lower than in previous years, with Henry Hub showing strong trends. A reference is made to a Platts document for more details.
NS Power Natural Gas Report for November 1, 2024 - October 31, 2025 REDACTED 1 winter price growth year-over-year on increasing demand. 2 Figure 33 – (CONFIDENTIAL) World LNG Pricing 2024 actuals, 2025-2026 Forecast38 3 4 5 6 European LNG...
AI summary The NS Power Natural Gas Report discusses winter price growth due to increasing demand and provides a comparison of LNG pricing in different regions, including US Gulf Coast Netback, JKM (Asia), and TTF (Europe). A figure is referenced that shows these comparisons and forecasts for 2025-2026.
1 13.0 PLANNING FOR THE FUTURE 2 3 In response to FAM Audit 2022-2023 Recommendation VII-1, the following section highlights 4 considerations, and opportunities, for securing the lowest cost supply of natural gas for NS Power 5 customers....
AI summary This section addresses FAM Audit 2022-2023 Recommendation VII-1, focusing on securing the lowest cost natural gas supply for NS Power customers by examining physical constraints and contracting opportunities in light of current and future demand growth.
1 14.0 CONCLUSION 2 - 3 Natural gas markets over the reporting period transitioned from the extreme price dislocations - 4 observed following the onset of the Ukraine war toward conditions more consistent with historical - 5 norms. This no...
AI summary Natural gas markets have stabilized somewhat following the Ukraine war, but remain volatile due to weather, geopolitical, and infrastructure factors. Nova Scotia Power's natural gas consumption exceeded forecasts due to compliance with emissions regulations and the integration of renewable electricity. Natural gas remains essential for system reliability and the transition to a cleaner electricity system.