Topic/Matter Intersection

Topic:"Prudency Review" in M12835

Matter: Nova Scotia Power Inc. - Annual and Regulated Financial Statements - 2025

1 passage 1 document

N-12025 Annual Financial Statements - Redacted 1 passage

FAM: p. p. 54

FAM: NSPI has a NSEB approved FAM, allowing NSPI to recover fluctuating fuel and certain fuel-related costs from customers through annual fuel rate adjustments. Differences between prudently incurred fuel costs and amounts recovered from c...

AI summary NSPI's Fuel Adjustment Mechanism (FAM), approved by NSEB, allows recovery of fluctuating fuel costs through annual rate adjustments. A 2025 NSEB audit of fiscal 2022-2023 found $1 million in disallowed costs, impacting NSPI's Q4 2025 financials. The FAM defers cost differences to regulatory assets/liabilities for later recovery.

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