Topic:"Legal Costs" in M12663

- 14 Scotia 23 employees to provide effective functional management - 15 and administration support that is not accounted for within the scope of the operational employees - 16 transitioning from NS Power. The 23 employees needed during th...

AI summary The text discusses the need for 23 employees to provide functional management and administrative support during the transition from NS Power, covering disciplines such as legal and regulatory compliance, human resources, financial management, and stakeholder engagement.

- 5 IESO Nova Scotia is budgeting $1.15M in ongoing costs as part of the Legal and Regulatory - 6 OM&A cost category. This cost category primarily consists of two subcategories: the costs - 7 associated with regulatory proceedings before t...

AI summary IESO Nova Scotia is budgeting $1.15M in ongoing costs under the Legal and Regulatory OM&A category, which includes costs related to regulatory proceedings before the NSEB and external legal advice for regulatory compliance, HR, and contractual matters.

10 Table 7: OM&A Costs for the Legal and Regulatory Cost Category Cost Category Ongoing OM&A Budget ($) Legal and Regulatory 1.15M Regulatory Proceedings and Assessments 0.55M Legal and Compliance 0.60M - 11

AI summary Table 7 outlines the OM&A costs for the Legal and Regulatory Cost Category, including Legal and Regulatory, Regulatory Proceedings and Assessments, and Legal and Compliance with corresponding budget amounts.

Comparison to 2025/2026 Budget This cost category increased $300,000 from IESO Nova Scotia's 2025/2026 Revenue Requirement 11 12 Application to cover the anticipated increased workload and the additional costs for external legal 13 counsel...

AI summary The cost category increased by $300,000 from IESO Nova Scotia's 2025/2026 Revenue Requirement Application to cover increased workload and additional costs for external legal counsel required for the Phase II transition.

Table 8: Comparison Chart Between 2025/2026 and 2026/2027 Budgets for the Legal and Regulatory Category 2025/2026 Budget 2025/2026 Annualized Expenditures ($) (Millions) (A) 2026/2027 Proposed Budget ($) (Millions) (B) Difference ($) (Mill...

AI summary Table 8 compares the 2025/2026 and 2026/2027 budgets for the Legal and Regulatory Category, showing an increase in the proposed budget for Legal and Regulatory Proceedings and Assessments, while Legal and Compliance remains unchanged.

NON-CONFIDENTIAL 21 • Corporate Administrative – Insurance costs were revised lower based on the actual 22 premium costs for policies bound in 2025. 23 • Corporate Administrative – Office costs were added to the 2026/2027 revenue requireme...

AI summary The document outlines various cost adjustments and assumptions for 2026/2027, including revisions to insurance, office, governance, legal, procurement, facilities, finance, and transition costs based on actual 2025 results and expected future activities.

NON-CONFIDENTIAL 1 Request IR - 12 - Reference: Exhibit B-2, page 20 (lines 11-13, Legal and regulatory)

AI summary The text references Exhibit B-2, page 20, lines 11-13, which pertains to legal and regulatory matters in the context of a regulatory proceeding.

- IESO Nova Scotia states that "This cost category increased $300,000 from IESO Nova Scotia's - 2025/2026 Revenue Requirement Application to cover the anticipated increased workload and - additional costs for external legal counsel which w...

AI summary IESO Nova Scotia has requested an increase in legal and regulatory costs due to anticipated increased workload and external legal counsel costs related to the Phase II transition. The request includes questions about budgeting methodology, supporting calculations, assumptions, and future cost trends.

NON-CONFIDENTIAL 60 • Second, IESO Nova Scotia reviewed expense drivers for "legal and compliance" costs. 61 Specifically, the IESO reviewed the anticipated work for the 2026/2027 fiscal year 62 which may require legal services. These assu...

AI summary IESO Nova Scotia reviewed legal and compliance costs for the 2026/2027 fiscal year, estimating a monthly legal support spend of $50k-$80k. A conservative assumption of $600,000 was used for the entire year. The increase in costs is attributed to regulatory compliance, human resources, and contractual matters related to Phase II implementation.

IESO Nova ScotiaFinancial Forecast - Summary April 1 2026 - March 31, 2027 Apr -26 Ma y-2 6 Jun -26 Jul- 26 Aug -26 Sep -26 Oct -26 No v-2 6 Dec -26 Jan -27 Feb -27 Ma r-27 202 7 4 Legal egula and R tory rd Ap plicat Energ y Boa ion 250,0...

AI summary The document presents the IESO Nova Scotia financial forecast for the period April 1, 2026, to March 31, 2027. It outlines legal and regulatory expenses, including a $250,000 legal application fee in December 2026 and an annual assessment of $50,000. Additionally, it details procurement-related costs, including capacity expenses and a 300MW Nova Scotia RFP additional capacity cost of $474,000.

Financial Forecast - Procurement April 1 2026 - March 31, 2027 ІТЕМ 'otal Estimate 20% Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 2027 Total Other Capacity 0 Legal 10,000 10,000 20,000 Letter of Cre...

AI summary The document outlines a financial forecast for procurement activities from April 1, 2026, to March 31, 2027. It includes estimated costs for various items such as legal fees, letters of credit, technical support, and contingency reserves. The forecast details monthly allocations and total estimates for different procurement categories.

NON-CONFIDENTIAL 29 30 • Legal and Regulatory costs to December 31, 2025 are $0.07 (17%) higher than the prorated 31 budget with two revenue applications in progress. Additionally, the first year of the IESO 32 Nova Scotia has created addi...

AI summary Cost variances to December 31, 2025, show legal and regulatory costs up 17%, procurement down 23%, facilities/tech up 115%, and finance costs down 86%. Increases in legal and tech costs are attributed to IESO Nova Scotia's first-year operations and unanticipated hardware/software expenses, while lower finance costs stem from reduced interest rates. Lease cost reductions also offset some tech expenses.

7 and Regulatory Category 2025/2026 Actual 2025/2026 2026/2027 budget ($) 2025/2026 Annualized Proposed Difference ($) (Millions) at Dec 31 Expenditures Budget ($) (Millions) Cost category ($) ($) (Millions) (Millions) (increase)/decrease...

AI summary The table outlines legal and regulatory costs for 2025/2026 and 2026/2027, showing budget figures, actual expenditures, and proposed changes. It also references responses from IESO Nova Scotia to information requests from the Nova Scotia Energy Board.

NON-CONFIDENTIAL 1 Request IR - 6 2 Reference: Application page 20, "Legal and Compliance: These costs are tied to the foreseeable 3 external legal advisory needs of IESO Nova Scotia during the 2026/2027 fiscal year". 4 (a) Please breakdow...

AI summary PHP requests a breakdown of IESO Nova Scotia's $600,000 legal advisory costs for 2026/2027. IESO Nova Scotia responds by directing PHP to reference its response to DGT IR-12(a) and (c) for budget methodology and assumptions.

NON-CONFIDENTIAL 1 Request IR - 7 2 Reference: Application page 22, "For the 2026/2027 budget, the procurement costs include 3 technical experts, legal, communications support, and a procurement consultant." 4 (a) Please confirm whether th...

AI summary IESO Nova Scotia confirms legal costs for procurement are separate from existing legal costs in Table 7 and Table 3. The IESO denies having in-house procurement staff but states it intends to hire such staff. The response addresses PHP's inquiry about budget allocation and staffing for the 2026/2027 procurement process.

2026/2027 Revenue Requirement Application by the Nova Scotia Independent Energy System Operator - Note 1: 2025/2026B provided by NSEB in this table is the total OM&A costs from M12412, which included one-time transitional costs. - Note 2:...

AI summary The 2026/2027 Revenue Requirement Application by IESO Nova Scotia outlines variances in actual costs compared to the prorated budget for 2025/2026. Key variances include lower employee and finance costs, higher corporate administrative and legal costs, and significantly higher facilities and technology costs due to unanticipated expenses.

12 Figure 12- Summary of legal and regulatory costs ($ millions) 2025/2026B 2025/2026A 2026/2027B 2025/2026A vs 2025/2026B % change 2026/2027B vs 2025/2026B % change 2026/2027B vs 2025/2026A % change Regulatory proceedings and assessments...

AI summary The text presents a summary of legal and regulatory costs for the years 2025/2026 and 2026/2027, showing increases in legal and compliance costs, with significant percentage changes between the forecasted and actual figures.

18 Request IR-18: - 19 Reference: N-1(i), Exhibit B-2, pdf p.19-21 Budgets $1.15 million total, split $0.55 million 20 "Regulatory Proceedings & Assessments" and $0.60 million "Legal and Compliance". - 21 (a) Please provide a matter-by-mat...

AI summary Request IR-18 asks for a breakdown of regulatory proceedings and legal/compliance budgets, distinguishing internal and external resources, and identifies functions historically managed by NSPI legal/regulatory that are now under IESO-NS, specifying when costs related to these functions are terminated on the NSPI side.

Questions : a) Please confirm that these costs are in addition to the Legal and Regulatory Compliance costs that are built into the Employees (Administration) Cost Category in Table 3 of the Application. If not confirmed please explain any...

AI summary The question seeks clarification on whether the costs in question are in addition to the Legal and Regulatory Compliance costs included in the Employees (Administration) Cost Category in Table 3 of the Application.

b) Please advise if these costs are all for external legal and regulatory resources. If not, please break down the costs between in-house and external legal and regulatory resources. 1 Request IR-6: Reference: Application page 20, " Legal...

AI summary The text requests a breakdown of legal and regulatory costs between in-house and external resources. It references an application page stating that legal costs are tied to external legal advisory needs for IESO Nova Scotia during the 2026/2027 fiscal year.

Questions: - a) Please confirm whether the legal costs in relation to the Procurement Cost Category are additional to the legal costs in Table 7: Legal and Regulatory Costs and the Legal and Regulatory Compliance costs that are built into...

AI summary The questions focus on clarifying the categorization of legal costs related to procurement and whether IESO Nova Scotia has or plans to hire in-house procurement staff.

19 Request IR-5: 20 21 Reference: Application Page 19, “Table 7: OM&A Costs for the Legal and Regulatory Cost 22 Category” 23 24 Questions : 25 1. a) Please confirm that these costs are in addition to the Legal and Regulatory Compliance 2....

AI summary The text references a request (IR-5) asking for clarification on whether legal and regulatory costs listed in Table 7 are in addition to those in Table 3 and whether they are incurred by external or in-house legal and regulatory resources.

Request IR-6: 2 1. Reference: Application page 20, “ Legal and Compliance: These costs are tied to the 2. foreseeable external legal advisory needs of IESO Nova Scotia during the 2026/2027 fiscal year”. 5 6 Question: Please breakdown the $...

AI summary The document requests a breakdown of the $600,000 in legal and compliance costs proposed for IESO Nova Scotia during the 2026/2027 fiscal year, citing the need for external legal advisory services.

9 Request IR-7: 10 11 Reference: Application page 22, “For the 2026/2027 budget, the procurement costs include 12 technical experts, legal, communications support, and a procurement consultant.” 13 14 Questions: 15 1. a) Please confirm whe...

AI summary The document references a request (IR-7) regarding procurement and legal costs for the 2026/2027 budget, specifically asking whether legal costs are in addition to those already listed, if in-house procurement staff have been hired, and if not, the reasons for not hiring them.

Request IR-12: - Reference: Exhibit B-2, page 20 (lines 11-13, Legal and regulatory) - IESO Nova Scotia states that "This cost category increased $300,000 from IESO Nova Scotia's - 2025/2026 Revenue Requirement Application to cover the ant...

AI summary The document requests detailed information on the budgeting methodology and supporting calculations for legal and regulatory costs, particularly in relation to the Phase II transition. It also asks for an explanation of the significant increase in the 2026/2027 budget and whether future costs are expected to change as Phase II progresses.

lized amounts? 6. Why is the "communications" subcategory expected to decrease by 43% from 2025/2026 budget and annualized amounts? Reference: Exhibit B-2, page 20 (lines 11-13, Legal and regulatory) IESO Nova Scotia states that "This cost...

AI summary The document discusses the anticipated changes in 'legal and regulatory' and 'procurement' costs for IESO Nova Scotia, including budgeting methodology, supporting calculations, and the factors influencing cost changes related to the Phase II transition and procurement processes.

c. Procurement and Energy Resource Costs Should Not Be in the s.29 Application The Industrial Group submits that the operating costs incurred by IESO-NS in running its energy resource procurement processes, including RFP management costs,...

AI summary The Industrial Group argues that procurement and energy resource costs incurred by IESO-NS should be recoverable under s.30 of the MAEA, not the general revenue requirement under s.29. They highlight inconsistencies in categorizing these costs and warn of potential double-recovery or regulatory gaps if not properly addressed.

IESO NOVA SCOTIA PANEL 155 Cr-ex, (MacAdam) 1 [12:10:19] Okay. But you do reference Phase Q. 5 6 7 8 9 10 11 12 The term 'capital-related costs' refers to (1) activities to support the procurement of future energy resources as contemplated...

AI summary The discussion revolves around capital-related costs associated with the New Brunswick Power 100-megawatt contract. The witness clarifies that no capital costs were incurred in the 2025/26 fiscal year and that only minor legal costs were included in the 2026/27 Application under the procurement cost category. There are no expected capital costs related to this matter at this time.

IESO NOVA SCOTIA PANEL 175 Cr-ex, (MacAdam) 1 undertake to investigate the difference between the 5.05 13 decision. 14 Q. So in terms of the timing, it 15 would have been sometime after the budget was filed that 16 you made the decision to...

AI summary The discussion focuses on the legal and regulatory costs incurred by the IESO Nova Scotia during its first year, defined as the 2025/'26 fiscal year. These costs were higher than initially budgeted and included expenses related to engaging in the regulatory process and establishing agreements with Nova Scotia Power and NERC.

IESO NOVA SCOTIA PANEL 299 Cr-ex, (Rudderham) or is there intended to be, any sort of document with the milestones in terms of the next steps for Phase II of the transition, what needs to be accomplished, when, that's shared with Nova Scot...

AI summary The discussion focuses on the development of a detailed project plan for Phase II of the transition, involving Nova Scotia Power and IBM. It also touches on the sharing of this plan with the Joint Transition Committee and references increased legal costs related to agreements with NS Power.

IESO NOVA SCOTIA PANEL 343 Cr-ex, (Rudderham) budget there's no forecasted amount for the preparation and filing of a licence application for the Board under section 94 of the Act; correct? A. (Johnston) Sorry; I'm just going to check what...

AI summary The discussion centers on whether costs related to preparing and filing a licence application with the Energy Board are included in the budget. The witness confirms that no detailed costs for this process were included, and any additional costs would be accounted for through the implementation project or the regulatory and legal line item.

IESO NOVA SCOTIA PANEL 435 Cr-ex, (Rudderham) 1 passed on their cost the customers, would still be having 16 NS had indicated that they intend to file an application 17 or a filing with the Board in relation to the 18 implementation budget...

AI summary The text discusses Nova Scotia Power's intent to file an application with the Energy Board regarding an implementation budget or plan. It also addresses whether regulatory costs are included in the current revenue requirement and mentions the use of a variance account for unanticipated costs.