N-12025 Annual Financial Statements - Redacted
7 passages
B. Legal Proceedings The Company may, from time to time, be involved in legal proceedings, claims and litigation that arise in the ordinary course of business which the Company believes would not reasonably be expected to have a material a...
AI summary The Company acknowledges potential involvement in legal proceedings but asserts they would not reasonably be expected to have a material adverse effect on its financial condition. No specific legal matters with material implications are disclosed in this section.
Class Action Lawsuit NSPI was named as a defendant in a claim for a class action lawsuit filed with the Supreme Court of Nova Scotia, seeking damages arising from the Cybersecurity Incident. The amount of damages has not been specified. Du...
AI summary NSPI is a defendant in a class action lawsuit related to a cybersecurity incident, with unspecified damages. The case is in its preliminary stage, and no estimate of potential loss can be determined.
Class Action Lawsuit: NSPI was named as a defendant in a claim for a class action lawsuit filed with the Supreme Court of Nova Scotia, seeking damages arising from the Cybersecurity Incident. The amount of damages has not been specified. D...
AI summary NSPI is a defendant in a class action lawsuit related to a cybersecurity incident, with unspecified damages. Legal proceedings are in a preliminary stage, preventing loss estimation.
GBPC With $378 million USD of assets and approximately 20,000 customers, GBPC owns 98 MW of oil-fired generation, approximately 100 kilometres of transmission facilities and 1,000 kilometres of distribution facilities. GBPC's approved regu...
AI summary GBPC, with $378M USD in assets and 20,000 customers, filed a rate plan proposal under the GBPA Operating Protocol. The 2024 Electricity Act transferred GBPC's regulation to URCA, prompting a Supreme Court claim by URCA to block GBPA rate adjustments. Emera expects no material impact from the legal proceedings.
Change in Law Risk The Company is also exposed to changes in the political environment and leadership, changes in law or regulations, changes to governmental policies, trade disputes, and the imposition of tariffs, any of which may impact...
AI summary The Company faces risks from political, legal, and regulatory changes, including deregulation, policy shifts affecting natural gas use, and data center laws. These may cause Material Adverse Effects, increased competition, and compliance challenges. Emera cannot predict future changes, making timely responses difficult.
Base Rates: In 2021, BLPC submitted a general rate review application to the FTC. In September 2022, the FTC granted BLPC interim rate relief, allowing an increase in base rates of approximately $1 million USD per month. On February 15, 20...
AI summary BLPC submitted a general rate review application to the FTC in 2021, leading to interim rate relief and a 2023 decision with adjustments to base rates, ROE, and regulatory liabilities. BLPC appealed the FTC's decisions to the Supreme Court of Barbados, seeking a stay, with the appeal ongoing as of December 2025.
Other Legal Proceedings Emera and its subsidiaries may, from time to time, be involved in other legal proceedings, claims and litigation that arise in the ordinary course of business which the Company believes would not reasonably be expec...
AI summary Emera and its subsidiaries may engage in routine legal proceedings, claims, and litigation. The company asserts these matters are not expected to have a material adverse effect on its financial condition.
N-2Refiled Statements - NSPI - Redacted
6 passages
B. Legal Proceedings The Company may, from time to time, be involved in legal proceedings, claims and litigation that arise in the ordinary course of business which the Company believes would not reasonably be expected to have a material a...
AI summary The company may be involved in legal proceedings, claims, and litigation as part of its normal operations, which it believes would not have a material adverse effect on its financial condition. Any significant proceedings are disclosed below.
Class Action Lawsuit NSPI was named as a defendant in a claim for a class action lawsuit filed with the Supreme Court of Nova Scotia, seeking damages arising from the Cybersecurity Incident. The amount of damages has not been specified. Du...
AI summary Nova Scotia Power Inc. (NSPI) is a defendant in a class action lawsuit related to a cybersecurity incident, with unspecified damages and no loss estimate possible due to the preliminary stage of proceedings.
Class Action Lawsuit: NSPI was named as a defendant in a claim for a class action lawsuit filed with the Supreme Court of Nova Scotia, seeking damages arising from the Cybersecurity Incident. The amount of damages has not been specified. D...
AI summary Nova Scotia Power Inc. (NSPI) is a defendant in a class action lawsuit related to a cybersecurity incident. The lawsuit seeks unspecified damages, and the legal proceedings are in an early stage with no estimated loss.
2025 Annual Financial Statements Attachment 3 Page 21 of 30 REDACTED (CONFIDENTIAL INFORMATION REMOVED) The Company will be required to manage the impacts of these ongoing changes on customer demand and rates, while maintaining and integra...
AI summary The company faces challenges in managing energy transition impacts, capital investment needs, and external factors affecting resiliency, renewable integration, and regulatory responses. Risks include insurance limitations for carbon assets, litigation from environmental harms, and climate change impacts on operations, reputation, and capital access.
Appointment and Revocation of Proxies The individuals named in the accompanying form of proxy (the Proxy) are officers of the Company. A SHAREHOLDER WISHING TO APPOINT SOME OTHER PERSON (WHO NEED NOT BE A SHAREHOLDER) TO REPRESENT THEM AT...
AI summary The text outlines procedures for shareholders to appoint or revoke proxies for corporate meetings. Shareholders may appoint another person via proxy forms submitted to Mark G. Everett, the Corporate Secretary, 48 hours before the meeting. Revocations require written notice to the Corporate Secretary or the meeting chair prior to the meeting's commencement.
LOCATION SEGMENT Location Segment Value Location Segment Description 1310 WIND GENERAL 1350 AVON 1351 BEAR RIVER 1352 BLACK RIVER 1353 DICKIE BROOK 1354 FALL RIVER 1355 HARMONY 1356 LEQUILLE 1357 MERSEY 1358 PARADISE 1359 SHEET HARBOUR 136...
AI summary The text presents a list of location segments and cost centre segments with their respective descriptions, categorizing different areas and functions within an organization's operational structure.