N-52026-2027 GRA Appendix 1-6 - Redacted
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2026-2027 GRA Direct Evidence Appendix 1B Page 3 of 4 REDACTED (CONFIDENTIAL INFORMATION REMOVED) GRLF Generation Replacement and Load Following GW, GWh Gigawatt(s), Gigawatt hour(s) HDD Heating Degree Days HFO Heavy Fuel Oil Hg Mercury HR...
AI summary The document is an appendix from a 2026-2027 GRA proceeding, listing acronyms and terms related to energy and utilities, with some information redacted. It includes definitions for terms like GW, HDD, HFO, and others, but confidential details are omitted.
7. Exclusion of Part VI.1 Tax Transaction from Regulated Statements The Board's directive is found at para. 379 of the previous GRA Decision: The Board agrees that since the Part VI.1 tax deductions and related transactions with Emera are...
AI summary The Nova Scotia Energy Board (NSEB) directed NS Power to exclude Part VI.1 tax transactions with Emera from regulated financial statements, as these are unregulated activities. NS Power has complied with this directive.
Forecast methodologies: The Company has adopted a practical approach to forecast short-term interest rates which relies on market-based consensus estimates of Canadian Treasury bills (T-bills) as published by reputable institutions. The Co...
AI summary The Company uses Canadian Treasury bills (T-bills) and expert forecasts for interest rate predictions, emphasizing transparency and low complexity. Alternative benchmarks like the Bank of Canada Overnight Rate are considered but found to have minimal impact. NS Power improved forecasts by incorporating more data points to reduce outlier influence.
2026-2027 GRA Direct Evidence Appendix 3A Page 10 of 14 REDACTED (CONFIDENTIAL INFORMATION REMOVED) However, the inclusion of more data points will increase the effort required to compile forecasts. The adoption of the Bloomberg consensus...
AI summary The text discusses the trade-off between increased data points and manual effort in forecasting, noting that adopting the Bloomberg consensus rate reduces manual effort while improving data access. This approach balances accuracy and efficiency in rate forecasting.
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.
Timing of the Audit Audits are expected to commence in February of every second year or at such time as directed by the Board. Final reports will normally be filed by July 2 of every second year or on such other date as directed by the Boa...
AI summary Audits are scheduled to begin in February of every second year, with final reports due by July 2 of every second year. Draft reports, containing task findings and recommendations, must be submitted to NS Power and the Board within 30 days of final report filing.
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.
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-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1)
3 passages
Management's Responsibility for Financial Reporting The accompanying consolidated financial statements of Nova Scotia Power Inc. ("NSPI" or "the Company") and the information in the Management's Discussion & Analysis ("MD&A") are the respo...
AI summary This document outlines the responsibility of management and the Board of Directors at Nova Scotia Power Inc. for the preparation and approval of consolidated financial statements and the MD&A, in accordance with US GAAP. It also discusses internal controls, audit processes, and the role of external auditors.
Information Technology Risk NSPI relies on various information technology systems to manage operations, including increasing reliance on IT solutions operated by third parties, such as software as a service and third party cloud hosting. T...
AI summary NSPI depends on third-party IT systems, increasing risks such as system impairment, internal control disruption, and high capital investment. Its digital transformation strategy is driving increased IT investment, which brings project risks related to implementation.
1 Request IR-78: 2 3 Reference: Exhibit N-3, GRA Direct Evidence 4 5 On page 35, NS Power states "Information Technology costs per business entity full-time 6 equivalent employee is significantly below the utility industry median". 7 8 (a)...
AI summary NS Power states that its Information Technology costs per business entity full-time equivalent employee are significantly below the utility industry median, but its IT costs per $1000 of revenue are above the industry median. The response also mentions the implementation of a cybersecurity roadmap and references other exhibits for further details.
N-91-(iv)Compliance filing - Appendix A and B - FAM POA
3 passages
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.
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 requirements for changes to approved reporting templates, emphasizing the need for agreement between NS Power, stakeholders, and Board approval. It also mentions that suggested revisions to FAM documents will be reviewed by stakeholders.
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.
101354Board Decision
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Approving and fixing rates, regulatory powers - 6 (1) In approving or fixing just and reasonable rates, tolls, charges or tariffs pursuant to this Act or any other enactment, the Energy Board may adopt any method or technique that it consi...
AI summary The Energy Board is authorized to approve rates and tariffs using appropriate methods, considering factors like competition, sustainability, and reliable energy supply. It regulates entities including the IESO, franchise holders, and the Halifax Water district energy project. Regulations may exclude entities from its jurisdiction, and approved rates must be publicly disclosed.
count 367 Underground Conductors and Devices: In its next depreciation study, NS Power should explain the proposed life and why that life is appropriate considering NS Power's facts and circumstances. • Account 390.10 – Structures and Impr...
AI summary The Board directs NS Power to provide detailed asset life data, management notes, IRP documents, and peer analysis in its next depreciation study. Recommendations include disclosing asset retirement dates, reconciling depreciation lives with IRP proposals, and including detailed studies. NS Power agrees to these requirements.
Duty of utility to furnish information - 33 (1) Every public utility shall furnish to the Board from time to time, and as the Board may require, maps, profiles, contracts, reports of engineers and other documents, records and papers, or co...
AI summary Public utilities in Nova Scotia must provide the Board with maps, contracts, and reports to aid in property valuation and investigations. The Board retains authority to revise valuations and requires utilities to report property changes and file contracts promptly.
tion costs and financing flexibility of +50 basis points, or +0.5%. Concentric made this adjustment in its DCF and CAPM models to reflect costs associated with the sale of new issues of common equity. [459] Concentric evaluated NS Power's...
AI summary Concentric adjusted its DCF and CAPM models by +0.5% to account for equity issuance costs. NS Power's ROE analysis, based on outdated 2025 data, showed a drop from 9.90% to 9.43% due to lower utility beta values and GDP growth forecasts, partially offset by higher bond yields. NS Power noted the analysis relied on stale data due to delayed filings and hearings.
3.10.2.1 Findings [680] The Board has several concerns with NS Power's request to implement AMI opt-out fees at this time. Based on the responses provided during the hearing, it appears that meter reader costs associated with opt-out meter...
AI summary The Board rejects NS Power's request to implement AMI opt-out fees due to insufficient cost delineation, questionable assumptions in cost projections, and reluctance to consider self-reporting alternatives. Concerns include inadequate justification for projected cost increases and failure to explore technological solutions for verifying customer readings.
es for operational assets, it does not set out much detail about these vulnerabilities, potential mitigation measures to address them or the timelines involved. NS Power addressed this at the hearing: - Q. So why doesn't this plan sort of...
AI summary The Climate Change Adaptation Plan lacks detailed vulnerability assessments, mitigation measures, and timelines. NS Power explains that climate risk data is managed through internal systems and the Climate Adaptation Management System, with the plan focusing on methodology rather than exhaustive data disclosure.
4.3.1 Findings [707] The fact that NS Power compiles and analyzes climate data and uses this information in its asset management systems is positive. However, NS Power's Climate Change Adaptation Plan is more of a process than a plan per s...
AI summary The Board finds NS Power's Climate Change Adaptation Plan insufficient as it lacks transparency, stakeholder consultation, and detailed climate impact analysis. They direct a revision by October 1, 2026, incorporating elements like climate impact descriptions and adaptation measures.
99706ECC (NSPI) IR-1 to IR-41
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Request IR-1: - Please provide all property data utilized in the depreciation study, including, but not limited to, - additions, actual observed retirements, simulated retirements, transfers, sales, adjustments, cost - of removal, and salv...
AI summary Request IR-1 seeks detailed property data for a depreciation study, including additions, retirements, transfers, and salvage data in Excel format with intact formulae. It requests account-specific information, survivor data, transaction codes, production unit codes, and account number legends to enable reconstruction and verification of depreciation calculations.
Request IR-21: - Please state whether the recorded vintage years of retirement have been modified in the historical - data used to conduct the depreciation study. If so, please specifically identify such modifications - by account, and pro...
AI summary The request asks whether modifications were made to the recorded vintage years of retirement in historical data used for the depreciation study, requiring specific identification by account and justification for such changes.
Request IR-32: - Referring to regulatory amortizations, please expand Figure 8-3 of the application to include the - opening balance in each account as of January 1, 2026, any forecast additions, the proposed - amortization, and the ending...
AI summary The request asks to expand Figure 8-3 to include opening balances, forecast additions, amortization, and ending balances for 2026 and 2027, focusing on regulatory amortization details.
Request IR-35: - Please provide a detailed calculation of the supporting net book value of the Smart Grid Nova - Scotia assets as of January 1, 2026, including but not limited to all historically recovered - depreciation and net salvage re...
AI summary The document requests detailed calculations of the net book value of Smart Grid Nova Scotia assets as of January 1, 2026, including depreciation and salvage values, with supporting documentation in an Excel file.
99739Dr. Cleary (NSPI) IR 1 to 11
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Question: - (a) Please provide all source data and workpapers (including all assumptions made regarding the data point estimates) used to come to the conclusion in the statement above regarding the deterioration of NS Power's metrics below...
AI summary The request asks for source data, workpapers, and assumptions related to NSP's financial metrics deterioration below 10%, as well as specific S&P and DBRS metrics from Figures 10-2 and 10-3. It also seeks additional metrics for 2017-2027 with supporting data.
Request IR-5: Preamble: On pages 30-32 of Appendix 10-A, Concentric discusses the integration of Canadian and U.S. capital markets in order to justify its heavy reliance on U.S. utilities, as well as U.S. capital market statistics such as...
AI summary Concentric justifies its reliance on U.S. utilities and capital market data by citing a 2021 Economist Intelligence Unit report on country risk ratings, rather than more recent assessments from reputable debt rating agencies.
Question: - (a) Please confirm that the Risk Premium approach discussed on pages 52-56 of Appendix 10A is the same model that Mr. Coyne labelled as his Bond Yield Plus Risk Premium Model "BYPRPM" during the 2018 Alberta GCOC proceedings. I...
AI summary The document questions whether the Risk Premium approach in Appendix 10A matches Mr. Coyne's model from Alberta GCOC proceedings, criticizes its reliance on government bond yields over market data, and challenges the use of non-market-based allowed ROEs from U.S. and Canadian regulators, which ignore jurisdiction-specific factors and NSPML risks.
99742Doane Grant Thornton (NSPI) IR 1 to 93
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Request IR-1: - Reference: N-3 page 36 - In reference to figure 7-1 in direct evidence N-3, page 36, please provide a schedule of total - OM&G by nature for 2024 actual, 2025 forecast and 2026 and 2027 proposed for the entire - Company (no...
AI summary Request IR-1 seeks a schedule of total OM&G (Operations, Maintenance, and General) expenses by nature for 2024 actual, 2025 forecast, and 2026–2027 proposed figures, reconciling to figure 7-1 in direct evidence N-3, page 36. The request applies to the entire company, not by division or function.
Request IR-60: - Reference: FO-11 - Please provide workbooks, calculations and other supporting documentation for each line item - included in FO-11 (Details of interest and other expenses), including each of the below: - a) interest on lo...
AI summary The document requests detailed supporting documentation for specific financial line items (interest on debt, financing adjustments, etc.) included in FO-11, part of a regulatory proceeding.
Request IR-75: - Reference: FO-12 - Please provide support for line 17 "Capital spending including AFUDC" found in FO-12 - Attachment 1. In particular reconcile the balance to approved capital spending reporting for the - balances for line...
AI summary Request IR-75 seeks support for line 17 ('Capital spending including AFUDC') in FO-12, requiring reconciliation of 2025 forecast and 2026-2027 proposed balances with approved capital spending reporting.
99748NSEB (NSPI) IR 1 to 152
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INFORMATION REQUESTS To: Blake Williams Senior Director, Regulatory Affairs Nova Scotia Power Inc. By email: [email protected] From: Board Staff Nova Scotia Energy Board Responses Due: Wednesday, November 5, 2025 Copies: 1 electron...
AI summary The Nova Scotia Energy Board has issued an information request to Blake Williams of Nova Scotia Power Inc., seeking responses by November 5, 2025. The request includes contact details for Steve Pronko and is signed by Clerk of the Board Crystal Henwood. The document outlines procedural details for the regulatory proceeding.
Request IR-2: - Please file the regulated and unregulated financial statements of NS Power for the year ended - December 31, 2024.
AI summary Request IR-2 asks NS Power to file both regulated and unregulated financial statements for the year ending December 31, 2024. The request specifies the need for comprehensive financial reporting covering all relevant fiscal activities.
Request IR-39: - a) Please provide the actual Bad debt expense and Write-offs of accounts receivable for 2019 to 2024 inclusive, as well as the estimated amounts 2025 to 2027 inclusive. - b) If available, please provide these amounts by cu...
AI summary The request seeks detailed financial data on bad debt expenses and write-offs from 2019 to 2027, including customer class breakdowns, to assess NS Power's financial management and risk exposure.
Request IR-55: - Reference: Exhibit N-6 Appendix 7A, Figure 7A-10 2020-2024 Storm Restoration Operating - Expenses - a) Please explain why the approved deferred recovery of Post Tropical Storm Fiona costs - makes it inappropriate to includ...
AI summary The request challenges the exclusion of deferred recovery costs from storm restoration expenses, arguing that including these costs would provide a more accurate picture of total storm-related expenses for the period covered in Figure 7A. The request also asks for a revised version of the figure incorporating these costs.
Request IR-69: - Reference: Exhibit N-6(ii), Grid Modernization and Customer Integration - There is a forecasted increase of 34% in labour in this category over 2024 actual. The reasons - given are additional resources in the Smart Meter O...
AI summary The document requests details on a 34% labor increase forecast for 2024-2026, including reasons for expanded initiatives and data analytics needs. It questions the necessity of additional Smart Meter Operations Center resources amid a cybersecurity attack's impact on data access, asking about data recovery timelines and storage duration.
Request IR-108: - Reference: Exhibit N-8, Appendix 10A, Cost of Capital Report, Figure 19, page 43 of 87 - a) Please confirm, or explain otherwise, that the Canadian Utility results are heavily influenced by Enbridge Inc., which was noted...
AI summary The request seeks clarification on the influence of Enbridge Inc. on Canadian Utility results and the impact of excluding Enbridge Inc. on the Multi-Stage DCF result, citing specific pages and figures from the Cost of Capital Report.
Request IR-148: - Reference: Exhibit N-8, Appendix 13A, page 8 of 14 - NS Power stated that customer-submitted meter readings can result in intentional misreporting - and that it could be challenging to accurately capture consumption readi...
AI summary NS Power highlights challenges with customer-submitted AMI meter readings, including potential misreporting and 177 accounts submitting postcard/photo readings in 2024. The proceeding requests details on incorrect readings, instructional materials, anomaly detection capabilities, and historical incidents since 2018.
99749Bates White (NSPI) IR 1 to 20 - Redacted
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Request IR-3: - 2026-2027 GRA Direct Evidence, DE-03-DE-04, page 27, lines 16-19, "N15(i) 2026-2027 GRA - OR-01 Att 01.xlsx", "2026-2027 GRA SR-01 Att 05 PCON.xlsx", and "2026-2027 GRA SR-01 Att - 06 PCON.xlsx" - a) Please explain what is...
AI summary Request IR-3 seeks clarification on the inclusion of Supplemental Federal Loan Guarantee (FLG) costs in the Base Cost of Fuel (BCF), data sources in workbooks, and reconciliation between worksheets related to fuel costs and riders. It questions the methodology for FLG cost collection, data origins in tabs like '2026 Std' and '2027 Std', and alignment between fuel cost calculations in different exhibits.
Request IR-12: - 2026-2027 GRA OE-01A Att 1 CONF; 2026-2027 GRA OE-01A Att 2 CONF; 2026-2027 GRA SR-03. - a) Please provide all commodity price forecasts relied upon to develop the fuel and purchased power costs in the GRA. - b) Please pro...
AI summary Request IR-12 seeks detailed data on fuel costs, consumption, transportation, and technical specifications for NS Power's generating units, including solid fuels, natural gas, biomass, and additives. The request emphasizes transparency in fuel forecasts, transportation costs, and technical assumptions for the 2026-2027 period.
Request IR-15: - 2026-2027 GRA OE-01A Att 1 CONF; 2026-2027 GRA OE-01A Att 2 CONF. - Regarding the Maritime Link and Muskrat Falls: - a) Please provide the monthly forecast of NS Base Block energy used in developing the FAM/BCF rates for t...
AI summary Request IR-15 seeks detailed data on energy forecasts, price averages, and cost decreases for 2026-2027, focusing on FAM/BCF rates. It includes requests for tabular data on Base Block, Supplemental Block, Surplus Energy, and non-Maritime Link imports, along with explanations for NSPI's projected cost reductions in specific line items.
101354Board Decision
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count 367 Underground Conductors and Devices: In its next depreciation study, NS Power should explain the proposed life and why that life is appropriate considering NS Power's facts and circumstances. • Account 390.10 – Structures and Impr...
AI summary The Board directs NS Power to provide detailed asset lifespan data, management notes, IRP reconciliations, and peer analysis in its next depreciation study. Recommendations include disclosing asset retirement dates and aligning depreciation lives with IRP documents, supported by NS Power witnesses and Mr. Madsen's input.
Duty of utility to furnish information - 33 (1) Every public utility shall furnish to the Board from time to time, and as the Board may require, maps, profiles, contracts, reports of engineers and other documents, records and papers, or co...
AI summary The section outlines the duty of public utilities to provide information to the Board for valuation purposes, including maps, contracts, and reports, and to report changes in their property. The Board must keep informed of changes and revise valuations accordingly.
ovide all stakeholders with transparency around transfers to or from the DDA in any given year and the Board may choose to review any of these transfers. [NS Power Reply to Closing Submissions, p. 5] [74] Based on this, it is possible that...
AI summary The Board emphasizes transparency in DDA transfers but rejects mandatory prudence reviews for costs transferred to the DDA, aligning with the Public Utilities Act. NS Power's expenditures are presumed prudent, and the Department failed to meet the threshold to rebut this presumption due to insufficient evidence and general allegations.
t a higher return on equity and a thicker equity ratio based on Concentric's evidence, but it was maintaining its current return on equity and capital structure to balance affordability for customers: In sum, NS Power is aware of the need...
AI summary NS Power seeks to maintain a 9.0% ROE and 40% equity ratio under the Settlement Agreement, citing affordability concerns despite Concentric's higher market-based estimates. It critiques Dr. Cleary's evidence for using non-representative proxy companies and outdated assumptions, contrasting with Concentric's methodology.
provided information about the engagement process it followed in developing the cost-of-service proposals it has put forward for approval. NS Power's summary of this process in its application stated: Throughout 2024, technical conferences...
AI summary NS Power detailed its engagement process for developing cost-of-service proposals, including technical conferences, Resolution Sessions mediated by Bruce Outhouse, and extensive data exchanges. 67 models, 152 data requests, and supporting documents were compiled as appendices to the COSS. The process received stakeholder feedback and aimed to streamline discussions under the GRA.
3.10.2.1 Findings [680] The Board has several concerns with NS Power's request to implement AMI opt-out fees at this time. Based on the responses provided during the hearing, it appears that meter reader costs associated with opt-out meter...
AI summary The Board rejects NS Power's request to implement AMI opt-out fees, citing insufficient cost delineation, questionable forecasts (e.g., 20x increase in customer care costs), and reluctance to adopt self-reporting options for opt-out customers. NS Power's dismissal of self-reporting is challenged, as existing practices (e.g., accepting photo readings) contradict claims of feasibility issues. The Board directs NS Power to address these concerns in a compliance filing.
es for operational assets, it does not set out much detail about these vulnerabilities, potential mitigation measures to address them or the timelines involved. NS Power addressed this at the hearing: - Q. So why doesn't this plan sort of...
AI summary The Climate Adaptation Plan lacks detailed information on vulnerabilities, mitigation measures, and timelines. NS Power explains that climate risk data is managed through internal systems and that the plan outlines methodology rather than exhaustive details. The Board questions the lack of transparency, while NS Power emphasizes the complexity and volume of data involved.