Topic:"Operating Expenses" in M12779

Cash and Restricted Cash Pursuant to the amended Federal Loan Guarantee ("FLG"), restricted cash is held in accounts administered by the collateral agent for the purpose of funding construction and operating costs and servicing debt paymen...

AI summary Restricted cash under the amended Federal Loan Guarantee (FLG) is managed by a collateral agent for the Maritime Link Project, funding construction, operating costs, and debt servicing. NSPML draws funds periodically per the Maritime Link Credit Agreement for near-term use.

2.0 BACKGROUND In its 2021 Interim Assessment Decision (M09810), the Board directed NSPML to track its O&M cost containment and reduction initiatives and report on these measures in its annual financial reporting to the Board. NSPML contin...

AI summary The document outlines NSPML's commitment to cost containment and operational efficiency, referencing the Board's 2021 Interim Assessment Decision (M09810) and NSPML's adherence to Good Utility Practice. NSPML is required to report on O&M cost reduction initiatives and must seek NSEB approval for capital expenditures over $1 million, as mandated by the Public Utilities Act.

Date Filed: March 31, 2026 Page 4 of 11 1 3.0 OPERATING TEAM 2 3 NSPML continues to employ full-time staff to operate the day-to-day business and 4 employs co-op students, term employees, and contractors periodically for short term 5 chang...

AI summary NSPML maintains a full-time operating team and uses co-op students, term employees, and contractors for short-term needs. The company optimizes internal expertise with third-party contracting for specific technical skills that are not practical to hire directly.

11 Description Total ($m) Accrued interest on long term debt relating to FLG1 3.2 Employee compensation; including payroll, incentive, performance share units, restricted share units, and deferred share units 3.0 derivative instrument (hed...

AI summary The text presents a table with descriptions and associated monetary values, primarily detailing accrued interest on long-term debt, employee compensation, and various short-term liabilities. The table appears to be part of a financial report or regulatory filing.

1 Request IR-19: - 2 - 3 a) Please provide a table similar to Table 2 from NSPML's 2022 Cost Containment 4 Report under Board Matter M11072 outlining NSPML's 2025 OMG breakdown. - 5 b) Also please provide a revised copy of Table 2 using th...

AI summary The request (IR-19) asks for revised tables outlining NSPML's operational and maintenance (O&M) costs for 2025 and 2026, including variances and explanations, as well as historical data from the previous four fiscal years. The request references multiple Board matters (M11072, M11791, M12394).

- 19 a) Please see table below: NSPML 2025 OMG Breakdown Total 2025 % of Total OMG Comments Operating Costs: Cost of maintaining the asset in accordance with good utility practice, costs associated with NSEB regulatory filings, and Federal...

AI summary The table outlines the breakdown of NSPML's 2025 operating and maintenance costs, including categories like contracts, legal fees, insurance, and benefits. It provides percentages of total costs and comments on the nature of each expense, such as compliance with regulatory filings and unrecoverable costs.

b-d) Please see table below: Operating and Maintenance Cost (in millions) Actual 2021 Actual 2022 Actual 2023 Actual 2024 Approved 2025 Actual 2025 Variance Variance Explanation (2025 actuals vs. 2025 approved) Assessment 2026 Maintenance...

AI summary The table outlines the operating and maintenance costs for various categories from 2021 to 2025, showing variances between actual costs and approved budgets. Key reasons for variances include unspent operating costs returned to customers, higher consulting and legal fees, and lower insurance premiums. The assessment for 2026 is also provided for each category.

Request IR-7: - a) Please provide a detailed breakdown of the maintenance and inspections expense for 2025. - b) Please indicate when the engineering and inspection activities referenced in Note 1 on page 4 of the regulated financial state...

AI summary Request IR-7 seeks detailed information on NSPML's 2025 maintenance/inspections expenses and the scheduling of engineering/inspection activities referenced in Note 1 of the regulated financial statements. The requests focus on transparency regarding operational costs and timelines for compliance activities.