Topic:"Rate Rider" in M12640

$117 Million Invest Nova Scotia Receivable On April 17, 2024, the Board approved a FAM BA rider that would begin collecting on behalf of Invest Nova Scotia the $117 million receivable (M11393). Collections from customers are required to ta...

AI summary The Board approved a FAM BA rider to collect a $117 million receivable from Invest Nova Scotia over 10 years. NS Power requests the extension of the rider to maintain the status quo and avoid a rate change inconsistent with approved costs, as the AA/BA rider application will not be decided by January 1, 2026.

$500 Million FLG In 2024 NS Power and NSPML worked with the Government of Canada to arrange for NSPML to issue $500 million in federally guaranteed debt, repayable over 28 years. The proceeds were provided to NS Power as a refund of Mariti...

AI summary NS Power is requesting the renewal of the AA rider on an interim basis to avoid temporary rate reductions caused by the expiration of the FAM riders before the GRA decision is finalized. This approach ensures rate stability without increasing customer costs.

INTERIM ORDER Nova Scotia Power Incorporated (NS Power) applied to the Nova Scotia Energy Board on December 18, 2025, for approval to extend its existing Fuel Adjustment Mechanism (FAM) Actual Adjustment (AA) rider and Balancing Adjustment...

AI summary Nova Scotia Power Incorporated (NS Power) applied for an interim extension of its Fuel Adjustment Mechanism (FAM) Actual Adjustment (AA) and Balancing Adjustment (BA) riders, which are set to expire on December 31, 2025. The Board granted the interim extension to avoid a rate change inconsistent with known and approved costs, pending the final determination of NS Power's 2026 FAM AA/BA rider application and its general rate application (M12451).

INTERIM ORDER Nova Scotia Power Incorporated (NS Power) applied to the Nova Scotia Energy Board on December 18, 2025, for approval to extend its existing Fuel Adjustment Mechanism (FAM) Actual Adjustment (AA) rider and Balancing Adjustment...

AI summary NS Power applied for an interim extension of its Fuel Adjustment Mechanism (FAM) riders to maintain the status quo and avoid a rate change inconsistent with approved costs. The FAM riders are set to expire on December 31, 2025, and the Board granted an interim order under s. 69 of the Public Utilities Act.

The Board orders that: - 1. The existing FAM AA rider and BA rider will continue on an interim basis, effective January 1, 2026, until further order of the Board, or as ordered in NS Power's ongoing general rate application and its 2026 FA...

AI summary The Board has ordered that the existing Fuel Adjustment Mechanism (FAM) AA rider and BA rider will continue on an interim basis until further order, or as determined by NS Power's ongoing general rate application and its 2026 FAM AA/BA rider application. Payments made during this interim period will be subject to confirmation or adjustment in the final order.