Topic:"Performance Monitoring" in M12663

Guiding Principles Procurement will be guided by the following high-level principles: - Accountability : All procurement decisions must be traceable and supported by clearly defined roles and responsibilities. - Transparency : Procurement...

AI summary The NSIESO's procurement process is guided by principles emphasizing accountability, transparency, value for money, fairness, public trust, local supplier preference, and risk management. These principles ensure decisions are traceable, documented, and prioritize quality, sustainability, and equitable treatment of suppliers while considering lifecycle costs and risks.

Performance Contracts must be actively monitored to ensure that deliverables are met, timelines are adhered to, and performance remains on track. The assigned contract manager is expected to promptly flag any issues, particularly in larger...

AI summary The text emphasizes the need for active contract monitoring to ensure deliverables, timelines, and performance alignment. Key issues to flag include scope changes, accelerated burn rates, and deviations from plans. Amendments require original agreement approval processes, and executed contracts must be securely stored centrally.

Deliverables: Current-State Architecture and Data-Flow Documentation Capability Transfer and Responsibility Matrix Regulatory and Compliance Mapping Initial Gap and Risk Assessment Client will: - a. Provide access to relevant documentation...

AI summary The document outlines deliverables including architecture documentation, capability transfer matrices, regulatory mapping, and risk assessments. The client is required to provide access to systems and documentation, and participate in interviews and validation workshops.

4.3 Risk, Assumptions, Issues, and Dependencies (RAID) Development IBM will develop an initial RAID register to capture key engagement risks, assumptions, issues, and dependencies. This activity is composed of the following tasks: - a. Ide...

AI summary IBM is developing an initial RAID register to identify operational transition risks, compliance issues, and schedule dependencies. The Client will review and validate these items, providing input on constraints and dependencies as part of the regulatory proceeding.

3.3. Stage III - Transition Plan and IT/OT/Cybersecurity Roadmap Deliverable Form / Format Purpose and Decision Support 10. Future-State Architecture Package Technical diagrams + narrative Depicts the proposed control center architecture,...

AI summary This section outlines the deliverables for Stage III, focusing on the transition plan and IT/OT/cybersecurity roadmap. The deliverables include technical diagrams, detailed plans, reports, and toolkits that support the implementation of the future-state architecture, regulatory compliance, and risk management.

NON-CONFIDENTIAL commission, and operate the Facility. For clarity, the Selected Proponent shall assume water quality and quantity supply risk with any emissions abatement technologies proposed to satisfy the Functional Specifications. The...

AI summary The Selected Proponent assumes water quality and quantity supply risks for emissions abatement technologies. Reimbursement is required upon agreement execution, contingent on IESO Nova Scotia entering a Tolling Agreement. The IESO notes costs will be reviewed in a future true-up via the DVM.

4.1 Scope - Conduct a review of operating, maintenance & administration costs for the 2026/2027 proposed budget. Include an analytical reporting on trends, including comparison with 2025/2026 budget and 2025/2026 annualized expenditures, -...

AI summary The scope includes reviewing operating, maintenance, and administration costs for the 2026/2027 budget, analyzing trends compared to 2025/2026, and addressing variances. IESO Nova Scotia calculates annualized results by adjusting costs for standardized values.

5.2 Procedures - Our procedures with respect to transitional costs included the following: - Summarized expenses by category above including 2025/2026 budget, 2025/2026 annualized expenditures, and 2026/2027 proposed budget. - Performed a...

AI summary Procedures for transitional costs involve budget analysis, trend analysis, and review of IESO Nova Scotia's methodologies. Actual expenses from M12412 are compared to the approved budget, with variances assessed for reasonableness.

6.2 Procedures - Our review of IESO Nova Scotia's Deferral Mechanism included the following specific procedures: - Reviewed the information in the Application on the proposed Deferral Mechanism; - Reviewed the nature, functionality, and pu...

AI summary The Nova Scotia Energy Board (NSEB) reviewed IESO Nova Scotia's Deferral Mechanism, comparing it to the Net OM&A Deferral and Variance Account, evaluating guidelines, and assessing its reasonableness against similar mechanisms used by other organizations. The process included reviewing applications, preparing information requests (IRs), and analyzing risk controls.

Risk Assessment The Audit and Risk Committee of the Board of Directors established an Enterprise Risk Management program with regular reviews of the top risks of the organization. The ERM function at IESO NS is continuing to evolve from an...

AI summary The Audit and Risk Committee established an Enterprise Risk Management (ERM) program at IESO NS, evolving from a consultant-supported initiative to a mature governance function aligned with ISO 31000. Foundational work in 2025/26 included developing an ERM framework, risk log, and reporting cadence.

I" and permit immediate FAM recording and recovery.[13](#page-3-10) That approach effectively seeks pre-approval without the evidentiary record typically required to test prudence. Although the IESO-NS notes that any overpayment by NSPI wo...

AI summary The proposal allows immediate FAM recovery without prudence review, exposing ratepayers to financial risks due to untested mechanisms and lack of oversight. The IESO-NS's approach lacks substance, with no spending controls or independent oversight, and risks arise from implementation timing.

Request IR-13: - Regarding Table 5 on page 18 of the application, please provide a version adding a column for - actual 2025/2026 to date.

AI summary Request IR-13 seeks to modify Table 5 on page 18 of the application by adding a column for actual 2025/2026 data, likely to enhance transparency or accuracy in the regulatory submission.

Request IR-14: - Regarding Table 6 on page 19 of the application, please provide a version adding a column for - actual 2025/2026 to date.

AI summary The request pertains to updating Table 6 on page 19 of the application by adding a column for actual 2025/2026 to date.

IO Costs to be Paid by Third Parties - 11 The Application sets out a budget as well as a plan for the work to be completed by IESO-NS in - 12 2026/202727. Part of that work includes the procurement of fast-acting generation,which involves...

AI summary The Application outlines a budget and plan for IESO-NS to procure fast-acting generation by 2026/2027. IESO-NS states that costs for site development, such as geotechnical exploration, will be paid by successful proponents. However, the SBA raises concerns about potential risks to IESO-NS and ratepayers if the procurement fails, suggesting IESO-NS should follow proper accounting policies to disclose financial risks in its revenue requirement applications.