Topic:"Ns Nb Reliability Intertie Project" in M12451

2026-2027 GRA Direct Evidence Appendix 3B Page 31 of 54 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia-New Brunswick Transmission Corridor – Example of Key Climate Impacts for Critical Transmission Asset Identified in Step 2 The t...

AI summary This document discusses the climate risks to the Nova Scotia-New Brunswick transmission corridor, including coastal flooding, ice accumulation, and rising temperatures. It highlights the projected impacts on transmission lines and the adaptations taken by NS Power, such as updated infrastructure standards and a funding agreement to reinforce the Chignecto Isthmus.

Cost of Service Study Redacted 1 percent demand, consistent with NS Power's proposals regarding other transmission. This 2 proposed treatment does not have an immediate impact on the outcomes of the COSS, as this 3 category of asset does n...

AI summary The proposed treatment of the NB Intertie Application does not immediately impact the Cost of Service Study (COSS) as the asset is not currently in NS Power's rate base. The project is expected to be managed by a new entity outside NS Power, with rate base impacts contained within that entity. The NB Intertie is not expected to be operational until 2028, and future reviews may be required.

(2) On June 4, 2024, Emera completed the sale of its equity interest in the LIL. For further details, refer to note 3. (3) The investment balance in Bear Swamp is in a credit position primarily as a result of a $179 million distribution re...

AI summary Emera sold its equity in LIL on June 4, 2024. Bear Swamp has a credit investment balance due to a 2015 distribution. NSPI, CIB, and WMA announced the Wasoqonatl transmission line project, to be owned by WTI, with NSPI holding a 50% indirect voting interest.

NS – NB Reliability Tie Improving stability and resilience of electric supply

AI summary The document discusses efforts to improve the stability and resilience of electric supply through the NS – NB Reliability Tie initiative.

Other Nova Scotia Developments The Province has appointed the board of directors of the Nova Scotia Independent System Operator ("NSIESO"). NSPI continues to work constructively with the Province to support the phase in of the NSIESO and f...

AI summary The Province has appointed the board of directors for the Nova Scotia Independent System Operator (NSIESO), with full operations expected by 2026. NSPI has partnered with the Canadian Infrastructure Bank and Wskijinu'k Mtmo'taqnuow Agency to build a reliability intertie between Nova Scotia and New Brunswick, with regulatory approval expected by Q4 2025. The Province has also granted NSPI flexibility to reprofile its sulfur dioxide emissions from 2025 to 2034.

78.62 NS - NB Intertie ROW Onslow - NB Border 0.27 0.27 Onslow - NB Border 7.49 7.49 138 kV Terminal 0.22 0.22 345 kV Terminal 0.43 0.43 345 kV / 230 kV Transformers 1.75 1.75 10.16 Additional Stations - Generation

AI summary The text outlines various line items and costs associated with the NS - NB Intertie and additional generation stations, including costs for ROW Onslow - NB Border, 138 kV and 345 kV terminals, and transformers.

Item 1a: Reliability Tie Continue to develop the Reliability Tie via an appropriate regulatory process with target in-service date of 2028.

AI summary The document calls for the continued development of the Reliability Tie through an appropriate regulatory process, with a target in-service date of 2028.

1 have ramped up in 2024. A focused effort on setting up project processes and procedures 2 for both teams will continue into the first two quarters of 2025. 3 4 Environmental Assessment (EA) Filing: NS Power received approval for the EA o...

AI summary NS Power has made progress on the Reliability Tie Project, including environmental assessments, Mi'kmaq engagement, engineering, procurement, and stakeholder outreach. The project is on track with key milestones set for late 2024 and early 2025.

• NS Power has created significant forecast savings described in M11539 Battery Energy Storage System. NS Power negotiated beneficial financing and securing federal grant funding through the SREP program reducing costs by a combined $131 m...

AI summary NS Power has achieved significant forecast savings through the Battery Energy Storage System and the NS-NB Reliability Intertie Project, including cost reductions via federal grants and low-cost financing. The request IR-55 asks for an explanation on deferred recovery of Post Tropical Storm Fiona costs and a restatement of Figure 7A to include these costs.

next phase of Nova Scotia's energy transformation will be complex and is made even more challenging given the current inflationary pressures and the affordability challenge facing many Nova Scotians. The cyber attack also presents a challe...

AI summary Nova Scotia's energy transformation faces challenges due to inflation and affordability issues, compounded by a recent cyber attack. Nova Scotia Power assures the Board that the GRA does not include cyber attack costs and emphasizes efforts to avoid rate increases, including financial arrangements and projects like the Maritime Link and Battery Energy Storage System.

d, with FFO to debt consistently below 10%, or We lowered our rating on parent Emera." It is perhaps worth emphasizing the term "consistently below 10%", in the quote above. [Exhibit N-36, pp. 12-13] [297] Morrison Park explained the conse...

AI summary The text discusses the potential financial implications of a credit rating downgrade for NS Power, including higher interest costs on bond issuances and financing for key projects. A downgrade could lead to increased costs for ratepayers, with estimates of up to $5 million annually and significant increases in financing costs for projects such as the Battery Energy Storage Project and the Wasoqonatl Transmission project.

d, with FFO to debt consistently below 10%, or We lowered our rating on parent Emera." It is perhaps worth emphasizing the term "consistently below 10%", in the quote above. [Exhibit N-36, pp. 12-13] [297] Morrison Park explained the conse...

AI summary A downgrade in NS Power's credit rating could lead to higher borrowing costs, increasing annual costs for ratepayers by up to $25 million or more. This includes higher interest rates on bond issuances, refinancing of maturing debt, and increased costs for renewable and reliability projects.

isks. Morrison Park highlighted that "concrete steps to solve problems at NSPI – such as the securitization of the stranded FAM balances – was rewarded by the markets with lower yields on NSPI bonds". [319] NS Power has been in a precariou...

AI summary The text discusses NS Power's precarious financial situation following a credit rating downgrade to BBB- in late 2022, highlighting the potential for increased interest costs and penalties on debt, including projects like the Battery Energy Storage Project and the Wasoqonatl Transmission project.

OPENING STATEMENT 59 NSP COST OF SERVICE PANEL 1 We know that there is never a good 2 time to request an increase in electricity rates and that 3 even small increases can have big impact on families and 4 businesses. We continue to work wi...

AI summary Nova Scotia Power Inc. acknowledges the difficulty of requesting electricity rate increases and outlines recent efforts with the Province to avoid them, including financial arrangements and projects such as the fuel cost receivable and the Maritime Link Federal Loan Guarantee. The company emphasizes a robust and transparent process involving customer representatives in the General Rate Application.

1 A. (Coyne) I'm with you, Mr. Deveau. 1 2 electricity standard and emission compliance. 3 4 So you had mentioned, in a previous 5 excerpt I referred to you, battery and transmission. 6 Since those were introduced into the discussion you m...

AI summary The discussion refers to the Nova Scotia and New Brunswick Transmission Intertie Project, which received significant financial assistance from the Canada Infrastructure Bank in 2025. The project was approved by the Board in November, with federal government support announced prior to a referenced report.