Topic:"Legal Costs" in M12451

Redacted 2026 Forecast 2026 Forecast 202/ Forecast > Contracts increased due to ongoing CRA litigation. 62 > Software increased due to increases in legal software costs. 51 > External Legal Audit increased due to timing of CRA litigation....

AI summary The document details changes in various cost categories for the 2026 forecast, primarily influenced by ongoing CRA litigation, legal software costs, and changes in corporate support allocations. Expenses such as insurance, consulting, and travel are impacted, while others like labour and external legal audits show decreases.

(in Thousands of $) 2024 Compliance 2026 Forecast vs 2024 2026 Forecast vs 2024 2026 Forecast vs 2025 2027 Forecast vs 2026 > E) tternal Legal Audit increased due to increased legal requirement. 85 > La bour increased due increased staffin...

AI summary The document provides a financial overview highlighting increases in legal audit, labor, and consulting costs, attributed to factors such as increased staffing, salary escalations, and expanded safety programs, along with decreases in materials due to the completion of certain engagements.

Biomass (in Thousands of $) Energy, Fuels and Risk Management 7,037 7,221 Overview Energy, Fuels and Risk Management includes the resources responsible for fuel procurement, marketing, management and generation dispatch. 2026 Forecast vs....

AI summary The document provides a financial overview of Energy, Fuels and Risk Management, detailing variances in costs between different forecast and actual years, including factors like labour increases, software costs, and legal proceedings related to South Canoe.

Administration 530050 Regular Labour 530200 Overtime Labour Compliance Restated 2024 Actual vs 2024 vs 2024 vs 2025 vs 2026 Energy Delivery Ad dministration includes the costs associated with the Senior Management and Finance support of th...

AI summary The table outlines various administrative costs and changes related to Energy Delivery, including increases in contracts due to the Contractor Safety Summit, external legal and audit expenses, and decreases in Other Goods and Services and Travel Expense due to the GRA Settlement Agreement and mutual aid storm response expenses.

Costs include presentation of final reports, Record of Site Condition, legal costs, etc. No sicnificant chance from 2020 estimate· therefore aoolv an inflation factor. Long Term Monitoring 540,000 Cost for semi-annual groundwater monitorin...

AI summary The text outlines the costs associated with long-term monitoring and liability assessments, including legal costs, groundwater monitoring at specific sites, and communication related to monitoring results. Inflation factors and updated unit rates from 2024 are applied to 2020 estimates.

include presentation of final reports, Record of Site Condition, legal costs, etc. No significant changes to the 2020 estimate; therefore, apply inflation factor. Long Term Monitoring 215,250 Semi-annual groundwater sampling over 5 years....

AI summary The text outlines costs related to long-term monitoring, liability, and future land use controls for a site. It includes expenses for groundwater sampling, assessing impacts on adjacent areas, and maintaining site fencing under NSPI ownership. Inflation factors and updated unit rates are applied to existing estimates.

nth duration of the project. Used same mathodology as 2020 but with updated 2024 unit rates. 126 Phase 6 - Confinnatory Sampling and Completion Reporting 95,096 Environmental consulting, site coordination/supervision, Project Management is...

AI summary The text discusses Phase 6 of a project involving confirmatory sampling and completion reporting, including environmental consulting, site coordination, and risk assessments. It also mentions miscellaneous considerations such as regulatory approvals and legal costs associated with decommissioning, using updated 2024 unit rates and an inflation factor.

ation. Costs include presentation of final reports, Record of Site Condition, legal costs, etc. No chance since 2020· therefore aoolv inflation factor. Long Term Monitoring 230,000 Cost for semi-annual groundwater monitoring from 15 select...

AI summary The text outlines costs related to long-term monitoring and liability assessment for a site, including legal costs and groundwater monitoring over a 5-year period, with updated unit rates from 2024.

l be similar to the PTMT cost since both sites are similar in size and have similar features. No change since 2020; therefore, apply inflation factor. 127 Miscellaneous Considerations: Regulatory Agencies Approval of Decommissioning Comple...

AI summary The text discusses costs associated with site remediation, including regulatory approval, meetings with NSE, and long-term groundwater monitoring. It assumes costs will be similar to PTMT due to comparable site sizes and features, and applies an inflation factor from 2020.

soil and groundwater and more sampling and reporting WII be required. No chanae since 2020; therefore, annlv inflation factor. 127 Miscellaneous Considerations: Regulatory Agencies Approval of Decommissioning Completion 20,000 24,600 Time...

AI summary The text discusses miscellaneous considerations related to regulatory approvals for decommissioning and long-term groundwater monitoring. It includes costs for meetings, reporting, and monitoring over a five-year period, with adjustments based on annual inflation factors.

Highlights of Emera's Corporate Governance Practices Director Independence. All Emera Directors are independent from management, except Emera's President and CEO. Board and Committee Leadership. The Charter of the Chair of the Board and po...

AI summary The document outlines Emera's corporate governance practices, emphasizing director independence, board structure, risk management, shareholder engagement, and ongoing director education. It highlights the separation of the CEO and board chair roles, the rigorous risk management process, and the share ownership requirements for directors.

2023 ASSESSMENT The 2023 assessment found that Directors believed the Board continued to maintain high standards of corporate governance and exercised the right level of oversight. It also determined that Directors view the Company as havi...

AI summary The 2023 assessment confirmed the Board's high standards of corporate governance and effective oversight. Key themes included strategic goals, leadership development, risk management, and safety. The NCGC assisted the Board Chair in reviewing progress on 2024 priorities related to the Company's strategy and organizational structure.

ACTIVITIES OF THE AUDIT COMMITTEE IN 2024 The Audit Committee met five (5) times in 2024. In accordance with its mandate as set out in the Audit Committee Charter, the Audit Committee performed the following key functions in 2024: - 1. Rev...

AI summary The Audit Committee met five times in 2024 and performed various functions including reviewing accounting and disclosure issues, credit and market price risk reports, tax reports, compliance reports, and financial statements. They also evaluated the performance of the Chief Financial Officer and external auditors, and approved updates to internal audit policies and fees for EY.

Scott Balfour Resignation All unvested PSUs, RSUs and stock options are forfeited. Terminated for cause All unvested PSUs, RSUs and stock options are forfeited. Terminated without cause Entitled to a lump sum equal to 24 months' compensati...

AI summary This section outlines the terms and conditions for Scott Balfour's resignation, termination, change of control, and retirement, including the handling of unvested PSUs, RSUs, and stock options under different scenarios.

In its Reply Submission, NS Power disagreed with this reasoning: Had NS Power's approved revenue requirement been based on its costs to serve customers and not a legislative cap, then NS Power would generally agree that it would not be app...

AI summary NS Power disagrees with the reasoning that OM&G costs should not be moved to the FAM until the next GRA, arguing that current rates create a revenue shortfall. The Board agrees with stakeholders that reclassifying these costs would be inappropriate and states that Bill 212 does not justify departing from this principle. The Board also notes potential changes in OM&G costs since the GRA estimates and emphasizes that the intent of Bill 212 is to limit costs to the legislated cap.

REDACTED 1 Request IR-7: 2 3 Reference: N-6 - 2026-2027 GRA Direct Evidence Appendix 7C Page 5-6 of 58 4 5 Per N-6, (Appendix 7C), page 5-6 of 58, we understand that 2026 forecast is higher than 2024 6 actual results for "General Counsel,...

AI summary The document discusses a request for a breakdown of litigation costs related to ongoing CRA litigation under the 'General Counsel, Corporate Secretary, and Insurance' category. NS Power has forecasted operating expenses for 2026 and 2027 related to this litigation.

2026-2027 General Rate Application (M12451) NSPI Responses to GT Information Requests 1 Request IR-10: 2 3 Reference: N-6 - 2026-2027 GRA Direct Evidence Appendix 7C Page 5-6 of 58 4 5 Per N-6, (Appendix 7C), page 5-6 of 58, we understand...

AI summary The document details NSPI's responses to information requests regarding the 2026-2027 General Rate Application (M12451). It outlines changes in staff complement and salary escalations affecting the 'General Counsel, Corporate Secretary, and Insurance' and 'communications and public affairs' budgets, with references to NSEB IR-51 and NSEB IR-061 for supporting details.

As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...

AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.

REDACTED 2 3 Reference: Exhibit N-6(ii), Corporate Office of Secretary and General Counsel 4 With respect to the reasons given for the following significant projected increases for 2026 5 over 2024 actuals: 6 7 (a) Consulting and Ext Legal...

AI summary The document requests explanations for significant projected increases in consulting, legal, and insurance costs for 2026 compared to 2024, including details on the CRA litigation appeal, its delays, costs incurred, and potential future expenses.

- 12 Corporate Office of Secretary and General Counsel The increase of approximately $3.1 million from 2024A to 2026F is primarily due to the following:[30](#page-13-1) 13 - 14 o Increased legal and consulting fees as a result of NS Power'...

AI summary The document discusses an increase in legal and consulting fees for NS Power due to an ongoing dispute with the Canada Revenue Agency, attributed to delays in litigation and inflation. It also mentions an increase in insurance expenses due to rising premiums. The litigation is impacted by a backlog at the Tax Court of Canada and unresolved discovery motions.

te Year expenses that do not meet the known and measurable standard or have not been demonstrated to be prudent, and presume legal expenses barred from recovery by statute are nonetheless recoverable. The Company identified various legal m...

AI summary The Company included legal expenses from resolved matters in its revenue requirement, which should not be recoverable. Specific examples include costs related to a resolved appeal and an interim rate request. The Company's pro forma adjustments excluded some litigation costs but not the appeal costs.

UTILITY RATE PROCEEDINGS IN WHICH TESTIMONY HAS BEEN PRESENTED BY JACOB POUS ALASKA Southern Union Gas Company 2738, 2958, 3002, 3018, 3019 Cons. Cost of Service, Rate Design, Depreciation Southern Union Gas Company 6968 Interim & Cons. Af...

AI summary Jacob Pous has provided testimony in multiple utility rate proceedings involving Southern Union Gas Company, covering topics such as cost of service, rate design, depreciation, affiliate transactions, and rate base. These proceedings include various consolidated and interim cases with different focus areas.

Findings For utilities incurring transactions/issuance costs to secure financing from the market, the transaction/issuance costs should be incorporated into the debt interest rate used to set rates, so that the transaction costs are amorti...

AI summary The OEB recommends that transaction/issuance costs incurred by utilities when securing financing should be incorporated into the debt interest rate used for rate setting, to be amortized over the term of the debt instrument. However, these costs are not included in the DLTDR, as it is a proxy for market-based long-term debt and does not reflect the full cost structure of actual debt issuance.

his sec- 127.47 (1) Les définitions qui suivent s’appliquent au tion. présent article. at-risk amount has the meaning assigned by subsection commanditaire S’entend au sens du paragraphe 96(2.4) 96(2.2). (fraction à risques) compte non tenu...

AI summary This text defines key terms related to financial provisions and legal structures, including 'at-risk amount' and 'clean economy allocation provision,' within the context of regulatory or legal proceedings.

(2) Le séquestre qui distribue des biens sans obtenir le taining a certificate in respect of the amounts referred to certificat visé au paragraphe (1) est personnellement 2021-2022-2023-2024 277 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA...

AI summary The text discusses legal liability related to the distribution of property without obtaining a certificate, emphasizing personal liability for the value of distributed property. It references a specific legal enactment and section of a law.

SOUS-SECTION B Code criminel Sections 315-318 Articles 315-318 Credit of excess to account Attribution des sommes non partagées 16 At the prescribed times, all amounts credited to the 16 Aux moments fixés par règlement, les sommes por- Pro...

AI summary This text outlines the legal process for crediting excess amounts from the Proceeds Account to a designated Canadian account, following the sharing of proceeds under sections 10 and 11 of the Criminal Code. It references the Forfeited Property Sharing Regulations and the associated legislative instrument.

OWER PRODUCTION 86,453.2 84,075 - - - 2,378 (24) (25) CORPORATE GROUPS (26) EXECUTIVE MANAGEMENT 1,664 1,206 116 272 26 43 F-2 (27) CORP. SECRETARY & INSURANCE 11,405 7,817 1,685 1,036 570 297 F-4 (28) LEGAL SERVICES 5,043 3,657 353 826 78...

AI summary The text presents a table with data on power production and various corporate groups, including executive management, legal services, and environmental policies. It includes figures for different departments and their associated costs.

0.0% 0.0% 0.0% (21) GENERATION BATTERIES - - - - - 0.0% 0.0% 0.0% 0.0% (22) RADIAL TO GENERATION TRANS. 1,372 1,372 - - - 0.3% 0.0% 0.0% 0.0% (23) TOTAL POWER PRODUCTION 82,703 82,703 - - - 19.1% 0.0% 0.0% 0.0% (24) (25) CORPORATE GROUPS (...

AI summary The text presents a financial breakdown of various categories including generation batteries, radial to generation transmission, total power production, and corporate groups such as executive management, legal services, and external relations, with percentages and monetary values listed.

1,663.6 -145 (115) (116) CORPORATE INSURANCE 9,647.8 (117) CORPORATE SECRETARY 1,757.3 (118) CORPORATE SECRETARY & INSURANCE 11,405.2 (119) (120) LEGAL SERVICES 5,043 (121) (122) VP EXTERNAL RELATIONS (123) COMM. & PUBLIC AFFAIRS 1,450.6 -...

AI summary The text presents a detailed listing of input information for Nova Scotia Power Inc.'s Compliance and Oversight System (C.O.S.S.) for the year ending December 31, 2026, including various corporate and legal expenses.

L POWER PRODUCTION 84,627 84,627 - - - 18.9% 0.0% 0.0% 0.0% (24) (25) CORPORATE GROUPS (26) EXECUTIVE MANAGEMENT 1,665 1,203 139 298 24 0.3% 0.1% 0.1% 0.0% (27) CORP. SECRETARY & INSURANCE 11,385 7,824 1,949 1,060 552 1.7% 1.2% 0.3% 0.9% (...

AI summary The text presents financial data for various operational and corporate groups, including executive management, legal services, and environmental policies, with figures showing expenses, variances, and percentages across different categories and time periods.

ture and debt covenant-related issues, together with the assessment of credit rating agency treatment and income tax treatment of the amounts to be securitized (see 2024 NSUARB 67, M11220, para. 105). [285] NS Power intends to request appr...

AI summary NS Power seeks approval for a securitization deferral of $704 million in thermal assets, pending legislation to authorize securitization in Nova Scotia. The deferral would temporarily defer depreciation and financing costs until securitization is completed. This may be the first instance of securitization by an investor-owned utility in Canada.