Topic:"Public Utilities Act Nova Scotia" in M10504

Rate Legislation - NS Power has been engaged in a General Rate Application (GRA) throughout 2022. Prior to a decision from the UARB, the Provincial Government introduced legislation on October 19, 2022 which, among other things, limits non...

AI summary NS Power's General Rate Application (GRA) in 2022 faced uncertainty after the Provincial Government introduced legislation (Bill 212) limiting non-fuel rate increases to 1.8% until 2024. This has paused investments in the Eastern Clean Energy Initiative (ECEI) and the Atlantic Loop, impacting NS Power's planned projects.

directs the filing of a further report by October 31, 2022 In accordance with the NSUARB's direction, please accept the following as NS Power's updated report on the Company's IRP evergreen process. NS Power had been working to prepare the...

AI summary NS Power updated its Integrated Resource Plan (IRP) evergreen process timeline due to legislative amendments and stakeholder feedback delays. The Province of Nova Scotia's proposed changes to the Public Utilities Act and Environment Act, including a transition from cap-and-trade to output-based pricing, necessitate revised carbon policy assumptions. NS Power committed to providing progress updates by Q4 2022.