1 The Board's directive (at para. 204) of the 2025 Annual Capital Expenditures Plan (M12012) provided as follows: "After performing the interpretation analysis discussed in Vavilov , the Board finds that the word "expenditure" in s. 35 and...
AI summary The Board directed NS Power to submit any future capital expenditures exceeding $1 million for approval, regardless of funding source, based on the interpretation of the PUA. This directive was issued in the context of the 2025 Annual Capital Expenditures Plan (M12012).