NON- CONFIDENTIAL 1 Request IR-18: 2 3 Reference: Page 26, lines 19-24. 4 NSPML is requesting that the Board grant flexibility in NSPML's equity 5 6 thickness using a range of +/-1.5 percent which results in a range of 28.5-31.5 percent eq...
AI summary NSPML is requesting flexibility in its equity thickness during the operating phase of a project, proposing a range of +/-1.5 percent. This request is being evaluated in light of the Board's 2013 decision, which restricted payout of earnings in excess of the approved ROE with a 30% equity thickness. The disallowance of ~$9 million has created an imbalance in the regulated equity, impacting the rate base.