Topic:"Rate Rider" in M12663

NON-CONFIDENTIAL 1 Request IR - 32 2 Reference: N-1(i), Exhibit D-1, pdf p.42 states that any excess amounts paid by NSPI "will be 3 subject to reconciliation through a permanent fee recovery mechanism … credited back to NS 4 Power through...

AI summary The text discusses a request regarding the reconciliation of excess fees paid by NSPI and whether credits from overpayments will be returned immediately or at the next test year. It also asks about the carrying cost for over- or under-collection between collection and refund dates. The response indicates that credits will be factored into the next fiscal year revenue requirement and refers to an approved decision by the NSEB regarding a deferral and variance account.

olling agreement established following the RFP will be an energy resource supply contract, the costs of which are recoverable from ratepayers upon application to the Board under section 30 of the Act. The inquiries that ECEL has received f...

AI summary The document discusses the NS IESO's application for recovery of procurement costs related to an energy resource supply contract following an RFP, as well as the regulatory pathways for approval of these costs. It also references concerns raised by ECEL regarding procurement decisions and regulatory requirements.

Response - IR-9 (a) GUP generally includes having clear guidelines, accounting policies, thresholds, and controls in place. As noted in our report conclusion for M12412, at the time of our review NSIESO had basic financial controls in plac...

AI summary The response addresses concerns regarding the absence of financial guidelines, accounting policies, and controls for the OM&A deferral and variance account at NSIESO. While the Deferral Mechanism is approved, the report emphasizes the need for safeguards. It also raises questions about the deferral of capital costs by ISOs and their alignment with GUP.

NOTICE OF PAPER HEARING _____________________________________________________________________________ The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) applied to the Nova Scotia Energy Board on January 21, 2025, under...

AI summary IESO Nova Scotia has applied for approval of a revenue requirement of $14.85 million for 2026-2027 and requests temporary financial relief, including monthly payments from NS Power. The Board will conduct a paper hearing and accept written comments and intervenor applications.

retroactive payments? Reference: N-1, Notice of Application, pdf p.3-4 requests approval of NS Power’s recording, deferral and recovery of associated costs through its Fuel Adjustment Mechanism. 1. Please explain IESO-NS’s understanding of...

AI summary The text outlines a series of questions regarding the Fuel Adjustment Mechanism (FAM) and its application, including customer class allocation, potential class allocation issues, and the use of FAM versus a separate rider. It also requests information on the More Access to Energy Act and related Transfer Orders.

IESO Nova Scotia takes next step to secure important additional capacity for grid](https://ieso-ns.ca/wp-content/uploads/2026/02/IESO-Nova-Scotia_100-MW-Term-Sheet-NB-Power_February-2-2026_FINAL.pdf). 1. Are the costs to negotiate the term...

AI summary The document outlines questions related to the negotiation of a 100 MW term sheet with NB Power for additional grid capacity, the approval process for this capacity, and the allocation of associated costs. It also includes requests for detailed information on administrative staffing, compensation assumptions, and changes in organizational structure compared to a prior proceeding.

If so, please file or at minimum, describe. 4. If Phase II slips beyond Q2 2027, which subscriptions may be deferred or paused? Please quantify monthly savings under a six-month and 12-month delay. Reference: N-1(i), Exhibit B-2, pdf p.24-...

AI summary The text outlines several questions and requests for clarification regarding lease agreements, control room location, financing costs, interest rate assumptions, draw profiles, and the necessity of external IRP consulting. Specific references are provided to exhibits and pages in the document.

versus new 2026/27 scopes. 2. Please confirm whether any 2025/26 transitional scopes slipped into 2026/2027, quantify the carry-forward and explain why they remain “transition” versus ongoing OM&A. Reference: N-1(i), Exhibit C-1, pdf p.37-...

AI summary The text outlines a series of questions regarding the Net Revenue Requirement Deferral and Variance Mechanism (DVM), including sub-account management, annual caps, eligibility criteria, carrying costs, and retroactive assessments. It references a proposed simplified DVM calculation and asks for templates and sensitivities.

1. Will IESO Nova Scotia be preparing an administration manual detailing the policies and procedures applicable to its proposed deferral and variance account (and if so when)? 2. Please explain if interest or financing costs will be associ...

AI summary The text presents a series of questions directed at IESO Nova Scotia regarding the administration, financial implications, reporting requirements, and risk management of its proposed Net Revenue Requirement Deferral and Variance Mechanism.

6/2027 revenue requirement) and the impact of accumulating deferrals if IESO Nova Scotia does not apply for a permanent fee and cost recovery mechanism in time for it to be approved by March 31, 2027. 1. Given that none of the costs associ...

AI summary The text discusses the need for a permanent cost recovery mechanism for IESO Nova Scotia, the use of the Fuel Adjustment Mechanism for proposed Monthly Assessment costs, and the deferral of rate recovery mechanism approval. It also raises concerns about financial liabilities and the impact of deferrals on rate classes.

1. IESO NS indicates that for the purposes of preparing its budget, it has “assumed that the 23 employees responsible for functional management and administrative matters are fully employed during the 26/27 fiscal year.” Please confirm whe...

AI summary The text outlines a series of questions directed at IESO NS regarding its budget assumptions, staffing, compensation, fringe benefits, salary increases, turnover rates, stakeholder engagement, procurement processes, office costs, and governance expenses for the 26/27 fiscal year.

13 Submissions 15 This Application was filed pursuant to s. 29 of the Act . In what follows below, the CA intends to 16 first provide some discussion of this provision in relation to the IESO's Application. Following 17 that, the CA will h...

AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) filed an application under s. 29 of the Act in response to the IESO's Application. The CA outlines concerns regarding transparency, forecast accuracy, OM&A budget cost reasonableness, the transition from NS Power to IESO NS, and issues related to the net revenue requirement deferral and variance account.

scope to include capital cost variances and, essentially, allow it to act as a catch-all account for all unforeseen costs. The Industrial Group respectfully submits that this is not a reasonable ask. The Industrial Group agrees with the co...

AI summary The Industrial Group opposes expanding the proposed deferral and variance account, citing concerns over lack of financial guidelines and governance controls. They reference Doane Grant Thornton LLP's analysis, which highlights risks such as cost overruns, reduced transparency, and potential burdens on ratepayers.

38 M12633 Transcript, June 25, 2026, page 507-508. 799 867 accounting policies must be developed and approved before there is a recovery of Net 868 Ongoing OM&A amounts from the Deferral and Variance Account. Further, the 869 guidelines sh...

AI summary The document discusses the requirement for accounting policies to be developed and approved before recovering ongoing OM&A amounts from the Deferral and Variance Account. It also states that variances exceeding +/-10% will trigger a review process. IESO Nova Scotia interprets the Board's direction in M12412 to automatically trigger a review when a cost category exceeds the approved revenue requirement by +/-10%.

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.