Topic:"Multi Year Planning Cycle" in M12394

NON-CONFIDENTIAL - 1 NSPML is interested in finding a path forward that will support a multi-year or a simplified single- - 2 year approach without subjecting customers or NSPML to material variances caused by factors - 3 beyond NSPML's re...

AI summary NSPML seeks a simplified or multi-year approach for the 2026 Assessment filing, expressing concerns about material variances due to uncontrollable factors. They aim to collaborate with customer representatives on a simplified solution for the 2027 assessment.

8.0 MULTI-YEAR ASSESSMENTS [217] In the 2025 assessment decision, the NSUARB stated: [85] The Board notes that multi-year assessment applications could be more efficient and reduce regulatory costs for both NSPML and intervenors. The Board...

AI summary The NSUARB discusses the efficiency and regulatory costs of multi-year assessments, noting that NSPML's single-year approach is due to uncertainties in O&M costs. The Board encourages multi-year assessments and suggests that expensing marine survey costs over several years could reduce forecasting risks. The Small Business Advocate and Industrial Group highlight the need for balance between forecast accuracy and regulatory efficiency.

8.0 MULTI-YEAR ASSESSMENTS [217] In the 2025 assessment decision, the NSUARB stated: [85] The Board notes that multi-year assessment applications could be more efficient and reduce regulatory costs for both NSPML and intervenors. The Board...

AI summary The NSUARB discusses the efficiency and cost implications of multi-year assessments for NSPML. While NSPML prefers single-year assessments due to uncertainties in O&M costs, the Board encourages multi-year assessments to reduce regulatory costs. NSPML acknowledges the tradeoff between certainty and efficiency and commits to exploring simplified approaches with stakeholders.