Topic:"Rate Base" in M12663

- 4 Salaries and Wages: The cost category primarily consists of expenses mandated by the 5 Act for a first group of non-unionized employees with technical roles that have been 6 transitioned from NS Power. The budget expenses for this cost...

AI summary The document outlines salary and wage costs for transitioning non-unionized technical employees from NS Power to IESO Nova Scotia, based on the Access to Energy Act. It also details compensation for Operations (System Planning) based on NS Power employees' total compensation packages. Additionally, it discusses consulting fees for IRP activities, including a request for proposals issued in October 2025.

NON-CONFIDENTIAL 1 Request IR - 30 2 Reference: N-1(i), Exhibit C-1, pdf p.38-39 (simplified DVM calculation). 3 (a) Please provide a proposed quarterly DVM sub-ledger template (by sub-account). 4 (b) Please provide sensitivities for inter...

AI summary IESO Nova Scotia responds to Information Requests from the Industrial Group (IG) regarding the Deferral and Variance Mechanism (DVM), including proposed templates, interest expense sensitivities, and retroactive Monthly Assessment treatment. The NSEB has approved temporary financial relief with fees starting at $950K from April 1, 2026.

10 Figure 26 – Summary of IESO Nova Scotia's response to Intervenors Topic Intervenor concern IESO Nova Scotia's explanation/supporting evidence provided101 would increase the regulatory asset balance and accrue additional financing costs...

AI summary The intervenor is concerned that the proposed action would increase the regulatory asset balance and lead to higher financing costs at NS Power's WACC, which would raise customer bills. It is also argued that using the FAM does not meet legislative requirements as not all ratepayers contribute to it.

- 2 On February 25, 2026, the Board issued its decision, approving IESO Nova Scotia's request for interim temporary 3 financial relief, in part. The Board ordered that: - 4 Nova Scotia Power Incorporated will pay monthly fees to IESO Nova...

AI summary The NSEB approved interim financial relief for IESO Nova Scotia, requiring NS Power to pay monthly fees of $950,000, with deferral and interest at NS Power's WACC. The decision was made due to IESO Nova Scotia's failure to establish a fee recovery mechanism, and the relief is intended to ensure continued not-for-profit operations while preserving regulatory authority for future adjustments.

BEFORE THE NOVA SCOTIA ENERGY BOARD 1 2 3 IN THE MATTER OF: 4 5 The More Access to Energy Act, 1998, SNS 2024, c 2, Sch B, (the "Act") 6 7 and - 8 9 IN THE MATTER OF: 10 11 12 an application by the Nova Scotia Independent Energy System Ope...

AI summary The document outlines the opening statement of the Small Business Advocate in a proceeding before the Nova Scotia Energy Board regarding the Nova Scotia Independent Energy System Operator's (IESO-NS) application for approval of its proposed expenditure and revenue requirements for the test year ending March 31, 2027. The IESO-NS was created in October 2024 and has filed two annual applications, with the first being approved in February 2026.

lacking in detail. The Board specifically indicated its expectation that the application would be "significantly supplemented by IESO Nova Scotia in its information request responses in this matter." The Consumer Advocate has reviewed IESO...

AI summary The Consumer Advocate has reviewed IESO Nova Scotia's application and responses to information requests, finding the evidence lacking in detail. Concerns include the reasonableness of costs and progress in transitioning functions from NS Power to IESO NS, as well as the development of a permanent fee recovery mechanism.

- 3 be reimbursed by successful proponents but until reimbursement is received, costs are - 4 included in the budget and will be trued up via the DVM. - 5 (a) Please file the standard RFP clauses that ensure reimbursement of these 6 costs....

AI summary The text requests the filing of standard RFP clauses to ensure reimbursement of costs, confirmation of reimbursement timing and credit assurances, and clarification on scenarios where reimbursement may not be obtained and how costs would be treated in such cases.

1. THE PROPOSED DEFERRAL AND VARIANCE ACCOUNT – OPPOSITION TO EXPANSION The Industrial Group opposes the proposed expansion of the Deferral Account and respectfully submits that the Board should not approve either the proposed permanent st...

AI summary The Industrial Group opposes the expansion of the Deferral and Variance Account, arguing that the Board should not approve its permanent status or expanded scope at this time. They suggest that if a deferral is approved for 2026/2027, it should be limited and interim with strong protections for ratepayers. The Board previously required specific guidelines and accounting policies before allowing recovery of costs from the account, which IESO-NS has not yet finalized.

MAEA ), the Ontario IESO annual reporting includes a financial performance analysis comparing actual results for its core operations, with narrative explanation of material variances.[83](#page-17-0) In contrast with the approach taken by...

AI summary The text discusses annual reporting improvements, comparing the Ontario IESO's public disclosure of financial performance, executive compensation, and benchmarking methodologies with the IESO-NS approach. It notes the lack of comparable information from IESO-NS in this proceeding and references related regulatory matters and legal decisions.

- 3. require IESO-NS to apply to the Board for approval when significant unforeseen costs arise during a fiscal year, rather than permitting recovery through an open-ended deferral mechanism; - 4. confirm the Board's authority to direct di...

AI summary The proceeding outlines several regulatory recommendations for IESO-NS, including requiring approval for unforeseen costs, applying vacancy rate adjustments, aligning corporate incentives with ratepayer interests, and ensuring prudence in procurement costs. These measures aim to improve transparency, cost recovery, and compliance.

IO Costs to be Paid by Third Parties - 11 The Application sets out a budget as well as a plan for the work to be completed by IESO-NS in - 12 2026/202727. Part of that work includes the procurement of fast-acting generation,which involves...

AI summary The Application outlines a budget and plan for IESO-NS to procure fast-acting generation by 2026/2027. IESO-NS states that costs for site development, such as geotechnical exploration, will be paid by successful proponents. However, the SBA raises concerns about potential risks to IESO-NS and ratepayers if the procurement fails, suggesting IESO-NS should follow proper accounting policies to disclose financial risks in its revenue requirement applications.

15 Net Revenue Requirement Deferral and Variance Mechanism Account - Monthly Reports - 16 For the Net Revenue Requirement Deferral and Variance· Mechanism Account, the SBA_ also - 17 respectfully submits that it is important, at least the...

AI summary The SBA argues that IESO-NS should provide monthly reports on the Net Revenue Requirement Deferral and Variance Mechanism Account, citing concerns about transparency, prudence, and the need for timely financial insights. This is especially important given IESO-NS's limited historical data and the potential burden on ratepayers.

DATE FILED: AUGUST 7, 2026 Page 10 of 48 1 Intervenors also recommended the Board direct pre-approval of IESO Nova Scotia unforeseen 2 costs as they may arise throughout the fiscal year. The IG recommended the NSEB "require IESO-3 NS to ap...

AI summary Intervenors recommend pre-approval of unforeseen costs by IESO Nova Scotia, with the IG, CA, and PHP suggesting various oversight mechanisms. IESO Nova Scotia assesses the risk of large variances or new expenditures as low, citing budgeted amounts and existing mandates under the MAEA.

1 early stage, vacancies and external support costs must be understood together, as IESO Nova 2 Scotia requires flexibility to carry out its mandate while continuing to recruit and work toward 3 steady-state operations. 4 5 IESO Nova Scoti...

AI summary IESO Nova Scotia emphasizes the need for flexibility in its operations and the proper inclusion of procurement-related costs in the Application. It also supports the approval of the DVM as an extension of the Net OM&A Deferral and Variance Account, aligning with prior Board direction in M12412.

assignments of existing energy supply agreements from NSPI." Subsection (2) then provides that the Board shall establish a mechanism to recover the costs referred to in subsection (1) from ratepayers. Importantly, section 30 does not set o...

AI summary PHP submits that the Board should require pre-approval from the Board for energy resource supply contracts by the IESO, except for reassignments of existing energy supply agreements from NSPI, due to potential high costs. PHP also agrees with the Industrial Group that the Board should ensure proper management of HST exposure and protect ratepayers through conditions on approval.

IESO NOVA SCOTIA PANEL 65 Cr-ex, (Murphy) 1 the end of a quarter, there would be some updated 17 of sort of focused on a midpoint. 18 I would probably maybe point you back 19 to some of the feedback in Doane Grant Thornton's analysis 20 of...

AI summary The discussion revolves around the lack of detailed reports or rationalization from a consulting firm regarding salary ranges and benefits package development. The focus is on confidentiality concerns and the limited information provided to the Board and parties involved.