7 Response IR - 33 - 8 Actual costs will be tracked and measured against the forecast in the Net OM&A Deferral and - 9 Variance Account. Please also see Response to NSEB-IR6. Date filed: October 7, 2025 NSIESO (DGT) IR – 33 Page 1 of 1
AI summary The response outlines tracking actual costs against the Net OM&A Deferral and Variance Account forecast, referencing another response (NSEB-IR6) in a regulatory proceeding by NSIESO.
7.2 Procedures - Our review of NSIESO's deferral account included the following specific procedures: - Reviewed the information in the Application on the proposed deferral account and prepared IRs; - Reviewed additional information provide...
AI summary The review of NSIESO's deferral account involved assessing the application, RIRs, controls, accounting policies, comparisons with other organizations, and evaluating reasonableness. Procedures included analyzing risks, aligning with accounting policies, and comparing mechanisms used by similar entities.
Account. While the purpose and technicalities of deferral accounts and mechanisms can differ depending on the specific organization, it is evident from our jurisdictional review that having thresholds, limits, and/or specific approval requ...
AI summary The text emphasizes the need for clear thresholds, approval processes, and prudence reviews for deferral accounts to prevent cost overruns. It highlights NSIESO's existing cost controls and agreement on prudence reviews after overruns. The Industrial Group supports a 10% variance threshold, aligning with Alberta's approach. Recommendations include defining account scoping details and implementing stricter financial oversight.
4.0 SUMMARY OF FINDINGS [87] The Board approves IESO Nova Scotia's proposed expenditure and revenue requirement for its initial test year ending March 31, 2026. For the initial test year, this approved amount is $6,751,287, with a net amou...
AI summary The Board approves IESO Nova Scotia's revenue requirement for the initial test year ending March 31, 2026, and sets conditions for future filings. Specific accounting policies and financial controls are required, along with enhanced integrated resource planning that includes regional system modeling and emissions considerations. Quarterly reporting on the transition from NS Power to the IESO is also mandated.
1 Request IR-1: 2 3 RE: Exhibit A-1, p.2, stating, "the NSIESO does not have historical organizational experience and 4 operational data." 5 6 (a) Please provide historical organizational experience and operational data provided to the 7 N...
AI summary Request IR-1 seeks clarification on the NSIESO's access to NS Power's historical operational data for OM&A cost forecasting. It asks whether data was requested, reasons for non-request or refusal, and limitations of the data's applicability.
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