Topic:"Rate Base" in M12743

2.1.3 Amortization Accounting - The CA also raises concerns regarding NS Power's accounting treatment of assets associated with - prior PAM projects being replaced by the current IAM initiative. Specifically, the CA submits that - NS Power...

AI summary The CA raises concerns about NS Power's accounting treatment of assets from prior PAM projects being replaced by the IAM initiative, noting that unamortized balances were not addressed. The 2026–2027 GRA introduced amortization accounting, which recovers an asset's cost over its service life and retires it upon full amortization, differing from traditional pooled depreciation. Assets from CIs 49094 and C0054455 will continue to depreciate under their approved amortization periods.

ning when the project was fully deployed, the amount of the contingency budget spend, and whether NS Power anticipates the project has or will be completed within the budget approved in this decision. The CA said the existing PAM system is...

AI summary The CA recommends removing the existing PAM system from the rate base as it is no longer useful. The Board acknowledges concerns about the depreciation period not reflecting the actual service life of the PAM investment and directs NS Power to use a variation on future TCO and Economic Analysis Models incorporating the expected service life.

ning when the project was fully deployed, the amount of the contingency budget spend, and whether NS Power anticipates the project has or will be completed within the budget approved in this decision. The CA said the existing PAM system is...

AI summary The document discusses the depreciation of the existing PAM system, the CA's recommendation to remove it from the rate base, and the Board's direction for NS Power to use a variation of TCO and Economic Analysis Models to reflect the actual service life of the IAM system. The Board also notes that depreciation issues are typically addressed in general rate applications.