N-1Affiliate Code of Conduct 2025 Report - Redacted
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1 3.0 OVERVIEW OF TRANSACTIONS WITH NSPML 2 3 In 2025, NS Power provided services to NSPML valued at $ million (compared to $ million 4 in 2024; a decrease of $0.1 million). There was $184.9 million worth of transactions in which NS 5 Powe...
AI summary In 2025, NS Power provided services to NSPML valued at a decrease of $0.1 million compared to 2024. NS Power received $184.9 million in services from NSPML, an increase of $509.1 million from 2024, mainly due to a one-time refund of $485.9 million from a federal loan guarantee. The Maritime Link assessment in 2025 was $158.2 million, excluding the FLG2, and $12.3 million lower than the Board-approved amount due to financing cost reductions and adjustments.
Appendix C 2025 Utility Performance Report Category Measure 2025 2024 2023 Notes Jul-25 Emera Energy Inc. 2P-20 2P Jun NG Purchase - FX booked Jul Purchase FMV Brooklyn Power and NS Power (June 30, 1992 amended as of September 16, 1993). F...
AI summary Appendix C of the 2025 Utility Performance Report provides a summary of various transactions and pricing exceptions related to Emera Energy Inc. It includes details on natural gas purchases, M&A services, and references to specific sections of the CAM and other contracts.
Date Nova Scotia Power Energy Marketing Inc. (NSPEMI) Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 1S-25 1S NG Sale Sale Pricing Exception Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 2P-45 2P Dec Power Purchase- FX...
AI summary The document outlines several transactions involving Nova Scotia Power Energy Marketing Inc. (NSPEMI), including sales and purchases with pricing exceptions approved by the NSEB (M08911). These transactions use a flow-through pricing protocol based on market prices, and specific allocations are determined by the Cost Allocation Manual (CAM).
2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance 7.9 Fuel Adjustment Mechanism Audits NS Power's energy and fuel transactions are audited un...
AI summary This section discusses the Fuel Adjustment Mechanism (FAM) audits conducted on NS Power's energy and fuel transactions under the regulatory process. It notes that Affiliate Transactions are included in the annual Code of Conduct Report, and that the auditor of Code compliance can rely on findings from the FAM auditor.
Brooklyn Power Corporation Charges to NS Power NS Power's contract with Brooklyn Energy stipulates the rates for energy payments and decremental energy payments and does not conform to the requirements in Code s. 6.2. Fuel and power-relate...
AI summary NS Power's 1993 contract with Brooklyn Energy does not comply with Code s. 6.2, as it predates the Affiliate Code of Conduct. Fuel and power affiliate transactions are audited biennially via FAM audits, with pricing concerns addressed in this forum. NS Power has reported this as an exception in the Affiliate Code of Conduct Report since 2015.