system outlook study.) NS Power’s methodology for projecting sustaining capital utilizes the costs of previous major refurbishments, which includes AFUDC and Administrative Overhead (AO). 5.9 Bates White NSPI’s sustaining capital costs do...
AI summary Bates White questions NSPI's methodology for projecting sustaining capital costs, suggesting it may not include all avoidable costs. They also highlight that ongoing capital investments by NSPI, such as those at CTs and Wreck Cove, should be considered in the IRP process unless already approved by the Board. The Public Utilities Act requires pre-approval for major capital projects.