2.1.3 Amortization Accounting
p. pp. 4-5
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.