WACC and AFUDC Rates for 2025 Application November 28, 2024 CONFIDENTIAL (ATTACHMENT ONLY)
AI summary The document is an application for setting WACC and AFUDC rates for 2025, submitted on November 28, 2024, and marked as confidential. It pertains to a regulatory proceeding under the Nova Scotia Utility and Review Board.
WACC and AFUDC Rates for 2025 Application (NSUARB M11990) NSPI Responses to Consumer Advocate Information Requests
AI summary NSPI submitted responses to the Consumer Advocate's information requests regarding its 2025 WACC and AFUDC rates application under NSUARB proceeding M11990, addressing methodology and data supporting rate calculations.
NON-CONFIDENTIAL Request IR-1: Refer to Exhibit N-1, NS Power's Application in M11990, p. 6, lines 18-21, and p. 8 at line 22, both quoted below and answer the questions that follow: "The predominant rating used by Commercial Paper investo...
AI summary NS Power's credit ratings (R-2 by DBRS, BBB by S&P) are below the Commercial Paper market's required R-1 threshold. The company obtained exemptive relief in 2023. The proceeding requests recent credit reports from DBRS and S&P, with NS Power referring to attachments for updated outlooks.
Business Risk Assessment
AI summary The document outlines a Business Risk Assessment conducted as part of a Nova Scotia regulatory proceeding. Key entities involved include Nova Scotia Power Inc. (NSP) and credit rating agencies such as DBRS Morningstar and S&P Global. The assessment likely evaluates financial and operational risks related to energy sector regulations.
Emera Inc. Issuer Credit Rating BBB/Negative/ Preference Stock Canada National Scale Preferred Share P-3(High) Preference Stock BB+ Preferred Stock Canada National Scale Preferred Share P-3(High) Preferred Stock BB+ Senior Unsecured BBB-Su...
AI summary Emera Inc. credit ratings and preferred stock details are outlined, including BBB/Negative from DBRS and BB+ from S&P. The document references Nova Scotia Power Inc. (NSP/NSPI) and the Nova Scotia Utility and Review Board (NSUARB), focusing on financial instruments and regulatory context.
Outlook
AI summary The document's 'Outlook' section outlines considerations for a Nova Scotia regulatory proceeding involving Nova Scotia Power Inc. (NSP) and related entities, with references to credit rating agencies and regulatory bodies.
Nova Scotia Utility and Review Board IN THE MATTER OF The Public Utilities Act, R.S.N.S. 1989, c.380, as amended.
AI summary The Nova Scotia Utility and Review Board is conducting a proceeding under the Public Utilities Act, which governs utility regulation in Nova Scotia. The Act, amended and in effect since 1989, provides the legal framework for utility oversight and regulatory decisions.
WACC and AFUDC Rates for 2025 Application NS Power Rebuttal Evidence February 21, 2025 NON-CONFIDENTIAL
AI summary NS Power submitted rebuttal evidence on February 21, 2025, regarding its application for 2025 Weighted Average Cost of Capital (WACC) and Allowance for Funds Used During Construction (AFUDC) rates. The document outlines the company's position in a regulatory proceeding to determine appropriate rate-of-return metrics for utility services in Nova Scotia.
1.0 INTRODUCTION Nova Scotia Power Inc. (NS Power, the Company) submitted an application to set the Allowance for Funds Used During Construction (AFUDC) and Weighted Average Cost of Capital (WACC) rate for the Company for use in 2025 to th...
AI summary Nova Scotia Power Inc. (NS Power) applied to the Nova Scotia Utility and Review Board (NSUARB) for approval of a 6.66% WACC/AFUDC rate for 2025. The company seeks a single rate for capital and non-capital matters, effective upon Board approval, and will retain the 2024 rate of 6.72% until a new rate is approved. NS Power argues the 6.66% rate aligns with its forecast WACC using the Board's approved methodology.
1 2.0 CONSUMER ADVOCATE 2
AI summary The section titled '2.0 CONSUMER ADVOCATE' introduces the role of the consumer advocate in the regulatory proceeding. No further details or arguments are provided in the text snippet.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) PO Box 910 ● Halifax, Nova Scotia ● Canada ● B3J 2W5 March 28, 2025 Crystal Henwood Regulatory Affairs Officer/Clerk Nova Scotia Utility and Review Board 1601 Lower Water Street, 3rd Floor P.O. B...
AI summary Nova Scotia Power Inc. (NS Power) submitted a 2025 WACC and AFUDC rates application to the Nova Scotia Utility and Review Board (NSUARB). The Board directed NS Power to file a compliance filing using a 4.86% short-term interest rate, reserving decision on Bloomberg forecast adoption. NS Power responded to stakeholder inquiries and submitted reply evidence ahead of the March 28 compliance deadline.
REDACTED WACC and AFUDC Rates Application 2025 Compliance Filing Attachment 1 Page 2 of 6 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Inc. CS-1-3 Capital Structure and Ratios Year Ended December 31st Millions of Dollars
AI summary Nova Scotia Power Inc. (NS Power) submitted a 2025 compliance filing related to its Weighted Average Cost of Capital (WACC) and Allowance for Funds Used During Construction (AFUDC) rates. The document is part of a regulatory proceeding before the Nova Scotia Utility and Review Board (NSUARB), with confidential information redacted.
CONFIDENTIALITY NOTICE The document you are attempting to access has been filed in confidence. Some exhibits, noted as confidential, contain information which if released might cause financial or other harm to the party filing it, or which...
AI summary Confidentiality notice from the Nova Scotia Utility and Review Board regarding access to sensitive documents. The notice outlines restrictions on releasing confidential information, references Board Rules, and provides contact details for requesting access via a Confidentiality Agreement. Document number 258806 is cited.
[[email protected]](mailto:[email protected]) Michael Willett Director, Regulatory Finance Nova Scotia Power Inc. PO Box 910 Halifax, NS B#J 2W5 Dear Mr. Willett:
AI summary A letter from Michael Willett, Director of Regulatory Finance at Nova Scotia Power Inc., is part of a regulatory proceeding in Nova Scotia. The document appears to be an initial communication from the organization regarding regulatory matters.
- 6. Where a reference to Designated Confidential Information is required in pre-filed testimony, briefs, other legal documents or arguments, such reference shall be by citation of title or exhibit number only or by some other non-confiden...
AI summary The text outlines procedures for handling Designated Confidential Information in regulatory proceedings, including citation rules, confidentiality preservation by NS Power, Board deliberation practices, intervenor submission requirements, court handling of confidential records during appeals, and post-decision document return obligations. NSUARB's role in overseeing these processes is implied.
materials containing or reflecting, directly or indirectly, Designated Confidential Information, whether printed or electronic, and shall provide an affidavit of compliance to NS Power respecting same. - (b) Notwithstanding paragraph 10(a)...
AI summary The text outlines rules for handling Designated Confidential Information in NS Power regulatory proceedings. It mandates destruction of such materials, with exceptions for Counsel (Nova Scotia Barrister's Society) who may retain client-related documents. Use of confidential information is restricted to NS Power proceedings before the Board.
SMALL BUSINESS ADVOCATE TAKE NOTICE that the Small Business Advocate hereby Intervenes in this proceeding in accordance with the regulations. The Small Business Advocate represents 3 classes of small business (namely 10, 11, and 21 - small...
AI summary The Small Business Advocate intervenes in a regulatory proceeding, representing three classes of small businesses (10, 11, and 21). They provide contact details for communication and are represented by Blackburn Law Inc. and SBA Consultants. The proceeding is dated December 17, 2024.
NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF: THE PUBLIC UTILITIES ACT - and - IN THE MATTER OF: AN APPLICATION by NOVA SCOTIA POWER INCORPORATED for approval of its WACC and AFDUC Rates Application for 2025 INFORMATION REQUESTS T...
AI summary Nova Scotia Utility and Review Board is requesting information from Nova Scotia Power Incorporated regarding their 2025 WACC and AFDUC Rates Application. Responses are due by January 30, 2025, with contact details provided for follow-up.
CONCLUSION The Industrial Group does not object to the change to using Bloomberg data and recommends that if not included as part of its Reply, the Board direct NSPI to more clearly justify the choice and impact of using the Term CORRA rat...
AI summary The Industrial Group supports using Bloomberg data but urges the Board to require NSPI to justify using CORRA over CDOR for 2025 calculations. The submission includes exhibit references and is part of regulatory proceedings related to rate methodology.
3. Use of WACC/AFUDC Rate for Non-Capital Deferrals The Application indicates that NS Power intends to continue to apply the WACC/AFUDC to its noncapital deferrals. The issue of whether the WACC is the proper interest rate for non-capital...
AI summary NS Power seeks to continue using WACC/AFUDC for non-capital deferrals. The Board previously addressed this in proceeding M11912, with a plan to establish a generic proceeding under s. 64AB of the Public Utilities Act. The Consumer Advocate will participate in future proceedings and submit further comments.
M11990 – Nova Scotia Power Inc. – WACC and AFUDC Rates Application 2025 On November 28, 2024, Nova Scotia Power Inc. (NS Power) filed an application with the Nova Scotia Utility and Review Board (Board) requesting approval of its Weighted...
AI summary Nova Scotia Power Inc. (NSP) applied for 2025 WACC and AFUDC rates, with the Board approving a paper hearing and confidentiality undertaking. Intervenors submitted requests and evidence, referencing prior decisions (M07215, M11563). NSP's proposed 6.66% rate reflects a 0.06% decrease from 2024, using a 40% equity ratio and 9% return on equity, with CIB debt expected to reduce costs by $2M.
Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →