Topic:"Income Tax" in M13133

Figure 4: Estimate of Ongoing Financing Costs Cost Type Estimated Ongoing Financing Costs – Year 1 Estimated Ongoing Financing Costs – Total Servicing Fees $500,000 $15,000,000 Accounting & Audit Fees 100,000 4,400,000 Rating Agency Survei...

AI summary Figure 4 outlines the estimated ongoing financing costs, including servicing fees, accounting and audit fees, rating agency surveillance fees, and other administrative costs. It also includes income tax, which significantly increases the total estimated costs.

1 The Rating Agency Surveillance Fees ($31,500) in Year 1 have been included in the Company's upfront financing costs and not included as a cost to be recovered through the Securitized Surcharge in Appendix B. This reduces the total estima...

AI summary The document discusses the inclusion of Rating Agency Surveillance Fees in upfront financing costs and their impact on the Securitized Surcharge. It notes that these costs reduce ongoing financing expenses and may lead to income tax liabilities for NS Power over a 30-year period.

ce - of, let's say, 180 million, we would then move that into a - FAM liability or a credit to customers, an amount owing to - customers of $34.5 million. - MS. McNAMARA: Okay. And I have some - INTERNATIONAL REPORTING INC. CERTIFIED COURT...

AI summary The discussion revolves around the transfer of regulatory assets related to coal thermal assets, the treatment of income tax for a limited partnership (LP), and the allocation of depreciation and interest expenses between Nova Scotia Power and the LP. The parties are clarifying how income tax arises for the LP and whether it is offset by deductions in Nova Scotia Power.

ext slide, so we - have up front financing costs. We also do have some - ongoing financing costs. - Again, some of these would be similar - to what we've seen in other proceedings. So the allotted - fees, this limited partnership will requ...

AI summary The text outlines financing and tax considerations related to a limited partnership structure, including upfront and ongoing financing costs, servicing fees, and income tax implications. These costs include audit fees, rating agency fees, and administrative expenses, with servicing fees calculated as 0.05% of a billion-dollar bond issuance. Income tax is discussed in relation to the return of capital and customer savings.

- on the equity component, so there's no income to pay tax - on in the securitization structure. - The last thing I wanted to highlight - here. We don't have any income tax in year one costs, and - so that's because although the limited pa...

AI summary The discussion focuses on the tax implications of a limited partnership structure in the context of a securitization transaction. It explains that while the limited partnership may generate taxable income, Nova Scotia Power intends to shelter this income using existing tax attributes, thereby deferring tax collection until a combined entity basis is applied.

7 Reference: N-1, Confidential Appendix B (Net Present Value Calculations). - 8 (a) Please provide, in Excel format, a version of Appendix B, for with and 9 without securitization benefits, that splits the NPV customer savings 10 benefits...

AI summary The text requests detailed explanations and modifications to Appendix B of a regulatory proceeding, focusing on securitization benefits, recovery periods, income tax assumptions, and cost deferrals. It asks for Excel versions of the appendix with and without securitization benefits, different recovery periods, and explanations of tax-related assumptions.