Topic:"Rate Rider" in M13133

NS Power Application for Financing Order to Reduce Costs for Customers Redacted - 1 NS Power proposes to recover Upfront Financing Costs, including establishment of the credit - 2 enhancement, from proceeds of the Securitized Bonds. In ord...

AI summary NS Power is seeking approval from the NSEB to record Upfront Financing Costs as a Regulatory Asset and create a regulated liability to defer revenue from the Capital Reserve Account, as part of a securitization transaction aimed at reducing customer costs.

1 7.0 CALCULATION OF SECURITIZATION RIDER BY CUSTOMER CLASS 2 - 3 The Securitization Rider for each customer class is expressed in cents per kilowatt-hour (\phi/kWh). - 4 The rider is calculated by dividing the class-specific revenue requi...

AI summary The document outlines the calculation of the Securitization Rider by customer class, expressed in cents per kilowatt-hour. The rider is calculated using class-specific revenue requirements divided by the class's 2027 forecast annual sales. Appendices D, F, G-1, and G-2 provide relevant data and tariff amendments, with specific mentions of pending applications affecting certain tariff classes.

1 8.0 RATE IMPACT 2 - 3 The four securitization components have an estimated total revenue requirement of approximately - 4 $67.2 million in 2027. Recovery of the portion allocated to the FAM customer classes, totaling - 5 approximately $6...

AI summary The estimated total revenue requirement for the four securitization components is approximately $67.2 million in 2027, with an average rate increase of 3.3 percent for FAM customer classes. Appendix E provides detailed impacts on class revenues for each component.

20 Figure 1 – Increases in Class Revenues due to FAM Riders under Full Recovery 2027 FAM Riders – Percentage Increase Customer Class AA BA FAM AA/BA Domestic Service 2.4 0.1 2.6 Small General 4.3 0.7 5.0 General 5.9 7.8 13.7 Large General...

AI summary The document presents a table showing the percentage increase in class revenues due to FAM Riders under full recovery for various customer classes in 2027. The data highlights significant increases across different categories, including Domestic Service, General, and Large Industrial.

2 As illustrated in [Figure 1](#page-55-2) , full recovery of the outstanding FAM AA/BA balance as of September 3 30, 2026 would result in an average rate increase of approximately 7.6 percent in 2027. The BA 4 rider includes recovery of t...

AI summary The text discusses the recovery of the FAM AA/BA balance as of September 30, 2026, which would result in a 7.6% average rate increase in 2027. It also references the renewal of the BA rider approved in M11393, which covers the amortization and financing costs of a $117 million customer receivable purchased by Invest Nova Scotia.

APPLICABILITY The Securitization Cost Recovery Rider (SECRR) is non-bypassable, is imposed on, and is part of, all customer bills, and shall be collected in accordance with a Financing Order issued pursuant to section 35G of the Public Uti...

AI summary The Securitization Cost Recovery Rider (SECRR) is a non-bypassable charge applied to all customer bills from NS Power, regardless of whether customers switch to alternative suppliers. It is enforced under a Financing Order from the Public Utilities Act.

ADJUSTMENTS Subject to NS Power making application for recovery through the SECRR, recoverable amounts shall be limited to those approved by the Board in a Financing Order. The SECRR shall include: - a class-specific Securitized Surcharge...

AI summary The document outlines the structure and purpose of the Securitization Cost Recovery Rider (SECRR), including the Securitized Surcharge (SS) and Balancing Adjustment (BA), which are designed to recover financing and securitization costs from customer classes based on approved methodologies and effective from January 1, 2027.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Rider outlines a charge in cents per kilowatt-hour that applies to the Tariff for the current rate year, in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

Optional Green Power Rider Customers taking service under this rider may choose to support NSPI's Green Power program by purchasing "blocks" of Green Power. For every block purchased, NSPI will provide 125 kWh per month from green energy s...

AI summary The Optional Green Power Rider allows customers to support NSPI's Green Power program by purchasing blocks of green energy at $5 per month, which provides 125 kWh of renewable energy and displaces fossil fuel energy. This charge is in addition to the customer's regular domestic service rate.

Special Terms and Provisions - (1) Green Power, as defined for the purposes of this rider includes energy produced from renewable resources that have minimal impact on the environment, and could be independently certified by third party en...

AI summary The rider defines 'Green Power' as energy from renewable resources with minimal environmental impact, certifiable by third parties. The Company may limit service based on the availability of green energy.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Rider introduces a charge in cents per kilowatt-hour to be applied in addition to the energy charge for the current rate year, as part of the Tariff.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 6 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) DOMESTIC SERVICE CRITICAL PEAK PRICING TARIFF Page 4 of 4 Rate Code 70 - (d) NSPI may limit the number of customers who m...

AI summary This section outlines restrictions on the Domestic Service Critical Peak Pricing Tariff, including limitations on customer enrollment and exclusions for customers on seasonal service or Net Metering service.

Optional Green Power Rider Customers taking service under this rider may choose to support NSPI's Green Power program by purchasing "blocks" of Green Power. For every block purchased, NSPI will provide 125 kWh per month from green energy s...

AI summary The Optional Green Power Rider allows customers to support NSPI's Green Power program by purchasing blocks of green energy at $5 per month, providing 125 kWh of green energy per block and displacing fossil fuel energy. This charge is added to the customer's normal bill under the Domestic Service Critical Peak Pricing Tariff.

Special Terms and Provisions - (1) Green Power, as defined for the purposes of this rider includes energy produced from renewable resources that have minimal impact on the environment, and could be independently certified by third party en...

AI summary The rider defines 'Green Power' as renewable energy with minimal environmental impact, potentially certified by third parties. The Company may limit service based on the availability of green energy.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the application of the Demand Side Management Cost Recovery Charge, which is added to the energy charge in the Tariff for the current rate year as specified in the Demand Side Management Cost Recovery Rider.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour that apply to the Tariff for the current rate year, in addition to the energy charge.

Special Terms and Provisions - (1) Green Power, as defined for the purposes of this rider includes energy produced from renewable resources that have minimal impact on the environment, and could be independently certified by third party en...

AI summary The rider defines 'Green Power' as energy from renewable resources with minimal environmental impact, potentially certifiable by third parties. The Company may limit service based on the availability of green energy.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Charge is applied in addition to the energy charge under the current rate year's Tariff, as outlined in the DSM Cost Recovery Rider.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, which are applied in addition to the energy charge.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 18 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) SMALL GENERAL CRITICAL PEAK PRICING TARIFF Page 3 of 4 Rate Code 72 (6) Customers will be notified of a Critical Peak Ev...

AI summary This section outlines the notification process for Critical Peak Events under the Critical Peak Pricing Tariff. Customers are required to be notified by 4:00 pm the day before an event and must ensure their contact information is up to date with NSPI.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge as part of the Tariff for the current rate year.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, expressed in cents per kilowatt-hour, and applies in addition to the energy charge.

Effective November 1, 2025, in accordance with the Nova Scotia Energy Board (NSEB, Board) Decision[1](#page-101-0) on NS Power's Application for 2025/26 Time-varying Pricing (TVP) Tariffs (M12499): - The Interim Energy Charge applies in al...

AI summary The document outlines the effective changes to Time-varying Pricing (TVP) Tariffs starting November 1, 2025, as per the Nova Scotia Energy Board's decision. It specifies the Interim Energy Charge, billing procedures for Small General Time of Use Tariff customers, and the conditions for restoring TVP rates once system functionality is restored.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document introduces a Demand Side Management Cost Recovery Charge, which is applied in cents per kilowatt-hour on top of the energy charge as part of the Tariff for the current rate year.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

INTERIM ENERGY CHARGE Effective November 1, 2025, in accordance with the Nova Scotia Energy Board (NSEB, Board) Decision[1](#page-111-0) on NS Power's Application for 2025/26 Time-varying Pricing (TVP) Tariffs (M12499): - The Interim Energ...

AI summary The Interim Energy Charge, effective November 1, 2025, applies during both winter and non-winter periods and is set to standard offer rates while system functionality is unavailable. NS Power will notify customers once functionality is restored and will resume approved TVP rates with specific notice periods depending on the restoration date.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, in cents per kilowatt-hour, which are applied in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, which are applied in addition to the energy charge.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 42 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) MEDIUM INDUSTRIAL TARIFF Page 2 of 2 (250 kVA or 225 kW to 1,999 kVA or 1,799 kW) Rate Code 22 Securitization Cost Recov...

AI summary This section of the 2026 Securitization Rider Application outlines the application of Securitization Cost Recovery charges or credits to the Medium Industrial Tariff Rate Code 22, which applies in addition to the energy charge for the current rate year.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge in the Tariff for the current rate year.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits per kilowatt-hour applied to the Tariff for the current rate year, in addition to the energy charge.

INTERRUPTIBLE RIDER TO THE LARGE INDUSTRIAL TARIFF (RATE CODE 25) Customers who qualify for interruptible service will receive a per month per kilovolt ampere reduction in demand charge for billed interruptible demand, as shown in the tabl...

AI summary The interruptible rider to the Large Industrial Tariff (Rate Code 25) provides a monthly demand charge reduction based on billed interruptible demand, defined as the difference between contracted firm demand and billing demand. Credits apply only when billing demand is less than contracted firm demand, with specific rules for calculating billed interruptible demand.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 47 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) LARGE INDUSTRIAL TARIFF Page 5 of 6 (2,000 kVA or 1,800 kW and over) Rate Code 23 (4) Failure to comply in whole or in p...

AI summary The document outlines the penalty charges for non-compliance with load interruption requirements under the Large Industrial Tariff. It specifies a Threshold Penalty and a Performance Penalty, with the latter calculated using a formula based on residual demand and average demand during the interruption event. The text also details procedures for converting between interruptible and firm service rates.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, measured in cents per kilowatt-hour, and applies in addition to the energy charge.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge as part of the Tariff for the current rate year.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, in cents per kilowatt-hour, which are applied in addition to the energy charge.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 70 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Distribution Tariff Page 5 of 10 behalf of the RtR Customer; - (c) providing billing data for the RtR...

AI summary The document outlines the responsibilities of Nova Scotia Power (NS Power) regarding the Distribution Tariff for RtR Customers, specifying that NS Power is not liable for the supply of electricity or the performance of contracts between RtR Customers and LRS providers.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 73 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Distribution Tariff Page 8 of 10 Charges and any other amounts owing by it under this Distribution Tar...

AI summary This section of the Nova Scotia Power Distribution Tariff outlines that the RtR Customer cannot make claims against NS Power related to the collection of DT Charges by the LRS or its representatives.

DEMAND SIDE MANAGEMENT (DSM) COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shal...

AI summary The document outlines the application of the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge for the current rate year as part of the Tariff.

SECURITIZATION COST RECOVERY RIDER Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cost Recovery Rider, shall apply, in addition t...

AI summary The Securitization Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, in cents per kilowatt-hour, which apply in addition to the energy charge.

2026 Securitization Rider Application Appendix G-1 (Redline) Page 78 of 86 REDACTED (CONFIDENTIAL INFORMATION REMOVED) DISTRIBUTION TARIFF RATE SCHEDULES\ Page 4 of 12 The same Availability conditions will apply as stated in tariffs for NS...

AI summary The document outlines the application for a 2026 Securitization Rider, specifying that the same availability conditions from the NS Power Bundled Service tariffs apply, except for the Interruptible Rider under the Large Industrial Tariff (Rate Code 25), which does not apply.

SPECIAL CONDITIONS The same Special Conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) which...

AI summary The Special Conditions outlined apply to all Rate Classes, except for the Interruptible Rider to the Large Industrial Tariff (Rate Code 25), which is excluded from these conditions.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Charge is applied in addition to the energy charge under the DSM Cost Recovery Rider for the current rate year, as outlined in the tariff.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applied per kilowatt-hour in addition to the energy charge for the current rate year, as part of the Tariff.

Optional Green Power Rider Customers taking service under this rider may choose to support NSPI's Green Power program by purchasing "blocks" of Green Power. For every block purchased, NSPI will provide 125 kWh per month from green energy s...

AI summary The Optional Green Power Rider allows customers to support NSPI's Green Power program by purchasing blocks of green energy at $5 per month, providing 125 kWh per month from renewable sources. This charge is in addition to the customer's regular bill under the Domestic Service Critical Peak Pricing Tariff.

Special Terms and Provisions - (1) Green Power, as defined for the purposes of this rider includes energy produced from renewable resources that have minimal impact on the environment, and could be independently certified by third party en...

AI summary This section defines 'Green Power' as energy from renewable resources with minimal environmental impact, potentially certified by third parties. The Company may limit service based on the availability of green energy.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Charge is applied in addition to the energy charge as part of the Tariff for the current rate year, as outlined in the DSM Cost Recovery Rider.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, to be applied in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, in addition to the energy charge.

LARGE GENERAL TARIFF Page 2 of 2 (2,000 kVA or 1,800 kW and over) Rate Code 12 Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cos...

AI summary The document outlines the application of Securitization Cost Recovery charges or credits in cents per kilowatt-hour for the Large General Tariff, applicable to Rate Code 12 in the current rate year, as specified in the Securitization Cost Recovery Rider.

SMALL INDUSTRIAL TARIFF Page 2 of 2 (up to 249 kVA or 224 kW) Rate Code 21 Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cost Re...

AI summary The document outlines the application of Securitization Cost Recovery charges or credits in cents per kilowatt-hour for the Small Industrial Tariff, Rate Code 21, which are applied in addition to the energy charge as part of the current rate year.

MEDIUM INDUSTRIAL TARIFF Page 2 of 2 (250 kVA or 225 kW to 1,999 kVA or 1,799 kW) Rate Code 22 Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Se...

AI summary The document outlines the application of Securitization Cost Recovery charges or credits in cents per kilowatt-hour for Rate Code 22 under the Medium Industrial Tariff, which applies in addition to the energy charge.

INTERRUPTIBLE RIDER TO THE LARGE INDUSTRIAL TARIFF (RATE CODE 25) Customers who qualify for interruptible service will receive a per month per kilovolt ampere reduction in demand charge for billed interruptible demand, as shown in the tabl...

AI summary This section outlines the interruptible rider to the Large Industrial Tariff (Rate Code 25), which provides a monthly reduction in demand charges based on billed interruptible demand. Billed interruptible demand is calculated as the difference between contracted firm demand and total billing demand, with specific rules for when credits apply.

LARGE INDUSTRIAL TARIFF Page 5 of 6 (2,000 kVA or 1,800 kW and over) Rate Code 23 (4) Failure to comply in whole or in part with a requirement to interrupt load will result in penalty charges. The penalty will be comprised of two parts, a...

AI summary The document outlines penalty charges for non-compliance with load interruption requirements under the Large Industrial Tariff. It specifies two types of penalties—Threshold Penalty and Performance Penalty—based on customer demand during interruptions and sets conditions for converting between interruptible and firm service.

vider : NS Power. Securitization Cost Recovery Charges : Costs of Securitization that NS Power is entitled to recover from RtR Customers in accordance with the Securitization Cost Recovery Rider. Transmission Services : The services obtain...

AI summary This section defines key terms related to transmission services, securitization cost recovery charges, and wholesale customers within the context of Nova Scotia Power's operations and regulatory framework.

7. NS POWER RESPONSIBILITIES NS Power shall be responsible for: - (a) provision of Distribution System Access; - (b) processing RtR Customer Transaction Request Applications that are received from an LRS on

AI summary NS Power is responsible for providing distribution system access and processing RtR Customer Transaction Request Applications received from Licensed Retail Suppliers.

DISTRIBUTION TARIFF RATE SCHEDULES\ Page 4 of 12 The same Availability conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Indu...

AI summary The document states that the same availability conditions from NS Power Bundled Service tariffs will apply to each rate class, except for the Interruptible Rider to the Large Industrial Tariff (Rate Code 25), which does not apply.

SPECIAL CONDITIONS The same Special Conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) which...

AI summary The Special Conditions outlined apply to NS Power Bundled Service across all Rate Classes, with the exception that the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) does not apply.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Rider introduces a charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

SECURITIZATION COST RECOVERY RIDER Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cost Recovery Rider, shall apply, in addition t...

AI summary The Securitization Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour that apply to the Tariff for the current rate year, in addition to the energy charge.

Optional Green Power Rider Customers taking service under this rider may choose to support NSPI's Green Power program by purchasing "blocks" of Green Power. For every block purchased, NSPI will provide 125 kWh per month from green energy s...

AI summary The Optional Green Power Rider allows customers to support NSPI's Green Power program by purchasing blocks of green energy at $5 per month, providing 125 kWh per month from renewable sources. This charge is in addition to the customer's regular bill under the Domestic Service Critical Peak Pricing Tariff.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge in the current rate year as part of the Tariff.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 18 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) SMALL GENERAL CRITICAL PEAK PRICING TARIFF Page 3 of 4 Rate Code 72 (6) Customers will be notified of a Critical Peak Even...

AI summary This section outlines the notification process for Critical Peak Events under the Critical Peak Pricing Tariff. Customers must be notified by 4:00 pm the day before an event and are responsible for ensuring their contact information is up to date with NSPI.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The Demand Side Management Cost Recovery Rider outlines a charge applicable to the Tariff for the current rate year, in addition to the energy charge, to recover costs associated with demand side management initiatives.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, to be applied in addition to the energy charge.

Effective November 1, 2025, in accordance with the Nova Scotia Energy Board (NSEB, Board) Decision[1](#page-73-0) on NS Power's Application for 2025/26 Time-varying Pricing (TVP) Tariffs (M12499): - The Interim Energy Charge applies in all...

AI summary The document outlines the implementation of the Interim Energy Charge effective November 1, 2025, following the NSEB's decision on NS Power's 2025/26 Time-varying Pricing (TVP) Tariffs (M12499). It specifies billing procedures for Small General Time of Use Tariff customers and outlines conditions for restoring TVP rates once system functionality is restored.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, which are applied in addition to the energy charge.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 28 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) GENERAL CRITICAL PEAK PRICING TARIFF Page 3 of 4 Rate Code 73 - (5) No more than 18 Critical Peak Events may be scheduled...

AI summary This section outlines the rules for Critical Peak Events under the Critical Peak Pricing Tariff. It specifies that no more than 18 events can occur per winter season, with a limit of three events per week and three on weekends. Customers are required to be notified in advance and to update their contact information with NSPI if it changes.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document introduces a Demand Side Management Cost Recovery Charge, applicable in cents per kilowatt-hour, to be added to the energy charge in the current rate year as outlined in the Demand Side Management Cost Recovery Rider.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, which are in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 38 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) LARGE GENERAL TARIFF Page 2 of 2 (2,000 kVA or 1,800 kW and over) Rate Code 12 Securitization Cost Recovery charges or cre...

AI summary This section of the 2026 Securitization Rider Application outlines the application of Securitization Cost Recovery charges or credits to the Tariff for the current rate year, specifically for large general tariff customers with a capacity of 2,000 kVA or 1,800 kW and over.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 42 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) MEDIUM INDUSTRIAL TARIFF Page 2 of 2 (250 kVA or 225 kW to 1,999 kVA or 1,799 kW) Rate Code 22 Securitization Cost Recover...

AI summary This document outlines the application for a 2026 Securitization Rider, detailing how Securitization Cost Recovery charges or credits are applied to the Medium Industrial Tariff Rate Code 22, in addition to the energy charge for the current rate year.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge as part of the Tariff for the current rate year.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

INTERRUPTIBLE RIDER TO THE LARGE INDUSTRIAL TARIFF (RATE CODE 25) Customers who qualify for interruptible service will receive a per month per kilovolt ampere reduction in demand charge for billed interruptible demand, as shown in the tabl...

AI summary The document outlines the interruptible rider to the Large Industrial Tariff (Rate Code 25), which provides a monthly reduction in demand charges for customers who qualify for interruptible service. The reduction is based on the difference between contracted firm demand and billing demand, with specific rules for when credits apply.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 47 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) LARGE INDUSTRIAL TARIFF Page 5 of 6 (2,000 kVA or 1,800 kW and over) Rate Code 23 (4) Failure to comply in whole or in par...

AI summary This section outlines penalty charges for non-compliance with load interruption requirements under the Large Industrial Tariff. It defines Threshold and Performance Penalties, including formulas for calculating the latter. It also details procedures for converting between interruptible and firm service rates.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 48 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) LARGE INDUSTRIAL TARIFF Page 6 of 6 (2,000 kVA or 1,800 kW and over) Rate Code 23 - (2) The customer will make all necessa...

AI summary This section outlines requirements for large industrial customers with high power loads to maintain power supply integrity. It specifies the need for written operating agreements and considers factors such as reliability, voltage levels, and load stability. Adjustments to meter readings are also outlined based on voltage transformation levels.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

SECURITIZATION COST RECOVERY RIDER Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cost Recovery Rider, shall apply, in addition t...

AI summary The Securitization Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document introduces a Demand Side Management Cost Recovery Charge, which is applied in cents per kilowatt-hour on top of the energy charge in the current rate year, as outlined in the Demand Side Management Cost Recovery Rider.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applied to the Tariff for the current rate year, in cents per kilowatt-hour, in addition to the energy charge.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 71 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Distribution Tariff Page 6 of 10 behalf of the RtR Customer; - (c) providing billing data for the RtR Cu...

AI summary This section outlines the responsibilities of NS Power regarding the Distribution Tariff for RtR Customers, including billing and point of contact duties, and clarifies that NS Power is not liable for the performance of LRS contracts or arrangements.

11.1 Application of Distribution Tariff Rates The Distribution Tariff amounts payable by the RtR Customer will be calculated by NS Power using the RtR Customer's meter readings and the Distribution Tariff Rate Schedule applicable to the Rt...

AI summary The Distribution Tariff amounts payable by the RtR Customer are calculated based on meter readings and applicable rate schedules. If the customer's operational or consumption characteristics change, NS Power will adjust the tariff rate accordingly.

2026 Securitization Rider Application Appendix G-2 (Clean) Page 79 of 87 REDACTED (CONFIDENTIAL INFORMATION REMOVED) DISTRIBUTION TARIFF RATE SCHEDULES\ Page 4 of 12 The same Availability conditions will apply as stated in tariffs for NS P...

AI summary The document outlines the application for a 2026 Securitization Rider, specifying that the same availability conditions from NS Power Bundled Service tariffs apply, with the exception of the Interruptible Rider for the Large Industrial Tariff (Rate Code 25).

SPECIAL CONDITIONS The same Special Conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) which...

AI summary The document states that the same Special Conditions from the NS Power Bundled Service tariffs apply to each Rate Class, except for the Interruptible Rider to the Large Industrial Tariff (Rate Code 25), which is excluded.

SECURITIZATION COST RECOVERY RIDER Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cost Recovery Rider, shall apply, in addition t...

AI summary The Securitization Cost Recovery Rider outlines charges or credits in cents per kilowatt-hour applicable to the Tariff for the current rate year, in addition to the energy charge.

DSM COST RECOVERY RIDER The Demand Side Management Cost Recovery Charge (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Demand Side Management Cost Recovery Rider, shall apply, in addition to t...

AI summary The document outlines the Demand Side Management Cost Recovery Charge, which is applied in addition to the energy charge as part of the current rate year's tariff.

STORM COST RECOVERY RIDER Storm Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Storm Cost Recovery Rider, shall apply, in addition to the energy charge.

AI summary The Storm Cost Recovery Rider outlines charges or credits applicable to the Tariff for the current rate year, expressed in cents per kilowatt-hour, and applies in addition to the energy charge.

LARGE GENERAL TARIFF Page 2 of 2 (2,000 kVA or 1,800 kW and over) Rate Code 12 Securitization Cost Recovery charges or credits (in cents per kilowatt-hour) applicable to the Tariff for the current rate year, shown in the Securitization Cos...

AI summary The text outlines the application of Securitization Cost Recovery charges or credits in cents per kilowatt-hour for large general tariff customers with a capacity of 2,000 kVA or 1,800 kW and over, as specified in the Securitization Cost Recovery Rider.

ost Recovery Charges : Costs of Securitization that NS Power is entitled to recover from RtR Customers in accordance with the Securitization Cost Recovery Rider. Transmission Provider : NS Power. Transmission Services : The services obtain...

AI summary The text defines key terms related to the Nova Scotia Power Distribution Tariff, including Ost Recovery Charges, Transmission Provider, Transmission Services, Transmission System, and Wholesale Customer. These definitions outline the responsibilities and rights of NS Power and its customers under the tariff.

AVAILABILITY The same Availability conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) which w...

AI summary The Availability conditions for NS Power Bundled Service will remain consistent with existing tariffs, except for the Interruptible Rider to the Large Industrial Tariff (Rate Code 25), which will not apply.

SPECIAL CONDITIONS The same Special Conditions will apply as stated in tariffs for NS Power Bundled Service for each Rate Class listed above, saving and excepting the Interruptible Rider to the Large Industrial Tariff (Rate Code 25) which...

AI summary The Special Conditions for NS Power Bundled Service apply to all Rate Classes, except the Interruptible Rider to the Large Industrial Tariff (Rate Code 25), which does not apply.

recognized in the - current policy context of what we see from the provincial - government lately, but probably more immediately from the - federal government last week with their announcement of a - $2 billion investment in electric heati...

AI summary The speaker discusses the importance of avoiding significant rate increases in the near term to align with provincial and federal policy objectives, particularly those related to electrification and renewable energy. They note that growing the load base helps spread fixed costs over more customers, benefiting future users. The securitization rider is also mentioned as a new fixed cost that could be mitigated by increasing load.

ved rate. And so that would - be $26.8 million annually. It would be a depreciation - expense that would be included in rates. As well, there - would be financing costs associated with the net book - value or rate base associated with thos...

AI summary The text discusses the financial aspects of asset depreciation, financing costs, and under-recovery of fuel and purchase power, including recovery timelines from 2027 to 2039. It outlines how these costs would be included in rates and recovered through various mechanisms, such as AA/BA applications and IESO riders.

that that - will be in 2028 through adjusted general rates and then - the IESO deferral assumed recovery in 2027, beginning in - 2027 through an IESO rider. - And so looking at all of that and so - comparing the 30-year securitization mort...

AI summary The discussion focuses on the financial implications of securitization, comparing a 30-year securitization mortgage-style bond with a scenario where assets are recovered over a 13-year period. The analysis shows a $265.6 million net present value decrease in customer payments, or an increase in customer benefits, representing a 21% savings.

ts for 2027 for each class is used to - allocate the various costs to customer classes. - For the transmission related portion - that's 100 percent demand and would utilize the 3 CP - methodology. - And the last component is the IESO - Nov...

AI summary The document discusses the allocation of costs to customer classes using the 3CP methodology and the IESO's approach for revenue requirement distribution. It also outlines rate impacts, including a 3.3% increase in 2027 for FAM classes and separate treatment of OATT Munis.

n't have a slide for it, but - the last item I'll discuss is oh, there's another - question. Rebekah? - MS. POWELL: Thanks, Mike. I have - just a quick question on the last slide because it - connects with Attachment Appendix H, where ELID...

AI summary The discussion centers on the classification of ELID as a below-the-line customer until an approved above-the-line tariff is in place, as well as the approval of securitization riders on an interim basis with potential revisions later. The application includes cost-of-service information and tariff details for future review.

e - Application that the rider itself as well the red lines or - black lines for the tariffs. - James? - MR. MacDUFF: Yeah. And just to - follow up on that, Blake, like if there was like, you - know, a change to the amount of securitizatio...

AI summary The discussion revolves around the potential adjustment of a securitization rider based on the Board's approval amount, with considerations on whether the rider should be recalculated or applied as is, and whether true-up adjustments would occur as part of a final decision.

- representation of the true-up. - For those of you familiar with the FAM - process, very similar to the FAM process regarding the - components of the true-up, there's instead of calling - it AA and BA, though, we have it called BA-1 and B...

AI summary The discussion revolves around the securitization surcharge and the true-up process, with emphasis on the timing and structure of filings, particularly the November 1st filing. The true-up is compared to the FAM process, with components referred to as BA-1 and BA-2. The conversation also considers the impact of regulatory decisions on rate adjustments.

by the Board for collection); and - v. $12.5 million for Financing Costs for the issuance and administration of the Securitized Bonds, including Upfront Financing Costs and Ongoing Financing Costs. - The imposition of irrevocable Securitiz...

AI summary The document outlines the imposition of securitized surcharges to recover financing and securitization costs from customers, including a formula-based true-up mechanism for adjustments. NS Power estimates a 3.3% average rate increase for FAM customer classes in 2027 through an interim rider.

by the Board for collection); and - v. $12.5 million for Financing Costs for the issuance and administration of the Securitized Bonds, including Upfront Financing Costs and Ongoing Financing Costs. - The imposition of irrevocable Securitiz...

AI summary The document outlines the approval of a securitization transaction by the Board, including the imposition of Securitized Surcharges to recover costs from customers, the allocation of surcharges based on cost-of-service analysis, and the establishment of a True-up Mechanism for periodic adjustments. NS Power estimates a 3.3% average rate increase for FAM customer classes in 2027.

ved by the Board for collection); and - $12.5 million for Financing Costs for the issuance and administration of the Securitized Bonds, including Upfront Financing Costs and Ongoing Financing Costs. - The imposition of irrevocable Securiti...

AI summary The Nova Scotia Energy Board has approved a securitization transaction, including the imposition of a Securitized Surcharge to recover costs from customers. The surcharge will be set annually based on revenue requirements and sales forecasts, with a 3.3% average rate increase for FAM customer classes in 2027.

by the Board for collection); and - v. $12.5 million for Financing Costs for the issuance and administration of the Securitized Bonds, including Upfront Financing Costs and Ongoing Financing Costs. - The imposition of irrevocable Securitiz...

AI summary The document outlines the imposition of Securitized Surcharges to recover costs from all customers, the allocation based on cost-of-service analysis, and the approval of a True-up Mechanism for adjustments. NS Power estimates a 3.3% average rate increase for FAM customer classes in 2027.

HEARING ORDER On October 9, 2026, NS Power filed an application for approval of a financing order authorizing the securitization of $1 billion in costs, collected from customers through a Securitization Cost Recovery Rider. Under s. 35G of...

AI summary NS Power has filed an application for approval of a financing order to securitize $1 billion in costs collected through a Securitization Cost Recovery Rider. The Board has set a paper hearing timetable and requires compliance with the Board's Regulatory Rules, including specific filing deadlines.

and the indenture trustee and are not subject to set-off; and exemptions required to the Affiliate Code of Conduct and Cost Allocation Manual arising from implementing the securitization transaction. - NS Power estimates that for 2027, the...

AI summary Nova Scotia Power Incorporated is seeking approval to securitize $1 billion in costs through a Securitization Cost Recovery Rider, which would result in a 3.3% average rate increase for FAM customer classes in 2027. The securitization is expected to generate $265.6 million in customer savings over 30 years due to 100% debt financing, eliminating shareholder returns on the assets. A paper hearing and timeline for the proceeding are outlined.

AMENDED HEARING ORDER On October 9, 2026, NS Power filed an application for approval of a financing order authorizing the securitization of $1 billion in costs, collected from customers through a Securitization Cost Recovery Rider. Under s...

AI summary NS Power filed an application for approval of a financing order to securitize $1 billion in costs through a Securitization Cost Recovery Rider. The Board has set a paper hearing process with specific timelines for technical conferences, evidence submissions, and publication of the hearing order.

October 9, 2026 [[email protected]](mailto:[email protected]) Blake Williams VP, Legal and Regulatory Nova Scotia Power Inc. PO Box 910 Halifax, NS B3J 2W5 Dear Mr. Williams: M13133 - Application for Financing Order authori...

AI summary NS Power has applied for a Financing Order to securitize $1 billion in costs through a Securitization Cost Recovery Rider. The application is subject to a 60-day review period, with a Technical Conference scheduled for October 15, 2026, and a paper hearing process to follow.

HEARING ORDER On October 9, 2026, NS Power filed an application for approval of a financing order authorizing the securitization of $1 billion in costs, collected from customers through a Securitization Cost Recovery Rider. Under s. 35G of...

AI summary NS Power has filed an application for a financing order to securitize $1 billion in costs through a Securitization Cost Recovery Rider. The Board has approved a paper hearing process with specific deadlines for technical conferences, information requests, and submissions. The Public Utilities Act and Board's Regulatory Rules govern the proceeding.

by the Board for collection); and - v. $12.5 million for Financing Costs for the issuance and administration of the Securitized Bonds, including Upfront Financing Costs and Ongoing Financing Costs. - The imposition of irrevocable Securitiz...

AI summary Nova Scotia Power Incorporated seeks approval to securitize $1 billion in costs through a Securitization Cost Recovery Rider. The proposal includes the imposition of surcharges, a true-up mechanism for adjustments, and exemptions from certain regulations to facilitate the transaction.

October 13, 2026 [[email protected]](mailto:[email protected]) Blake Williams VP, Legal and Regulatory Nova Scotia Power Inc. PO Box 910 Halifax, NS B3J 2W5 Dear Mr. Williams: M13133 - Application for Financing Order author...

AI summary Nova Scotia Power Inc. has applied for a financing order to securitize $1 billion in costs through a Securitization Cost Recovery Rider. The Board has issued a Hearing Order and Notice of Paper Hearing, with the application subject to confidentiality requests under Rule 12 of the Board Regulatory Rules. A technical conference is scheduled for October 15, 2026, and the Board will issue its order within 60 days of the application filing.

T HE T WO -S TEP P ROCESS In section 10.0 of the Application, p. 37, NSPI requested: [T]hat the Financing Order become effective upon issuance by the Board and the Securitization Rider be approved on an interim basis effective January 1, 2...

AI summary NSPI requests that the Financing Order be effective upon issuance and that the Securitization Rider be approved on an interim basis starting January 1, 2027. The IG seeks clarification on whether the full $1 billion in proposed securitized costs is required and whether all proposed 'buckets' are appropriate for securitization, with some potentially needing exclusion or inclusion.

Two-step process The Industrial Group noted NS Power's intent to proceed with this matter in two steps: …first, an initial decision on the Financing Order, with a rider approved on an interim basis effective January 1, 2027 with the initia...

AI summary The Industrial Group has outlined a two-step process for NS Power's matter, with an initial decision on the Financing Order and a subsequent process for final cost-of-service treatment. The group requested clarification on the scope of the proceeding, specifically regarding the $1 billion requirement and the appropriateness of securitization 'buckets'.

AMENDED HEARING ORDER On October 9, 2026, NS Power filed an application for approval of a financing order authorizing the securitization of $1 billion in costs, collected from customers through a Securitization Cost Recovery Rider. Under s...

AI summary NS Power has applied for approval of a financing order to securitize $1 billion in costs via a Securitization Cost Recovery Rider. The Board has set a paper hearing with a detailed timetable and will apply its Regulatory Rules, including Rule 7(3), to the proceeding.

Request IR-4: - Reference: Section 9.0, including Figure 9; Section 12.1; Appendix F; Appendices A, B CONF, - C and C Attachment 1 CONF, E and H - Please provide, by securitized-cost component: - a) the forecast-to-actual differences expec...

AI summary Request IR-4 asks for detailed information on securitization cost components, including forecast-to-actual differences, recovery mechanisms, treatment of pre-bond-issuance collections, and reconciliation of calculations to confidential schedules.

Request IR-10: - Reference: Section 9.0, including Figure 9; Section 12.1; Appendix F - Please explain: - a) how Securitized Surcharge collections received before bond issuance will be reflected in the first balancing adjustment; - b) the...

AI summary Request IR-10 seeks clarification on securitization processes, including how surcharge collections are reflected in balancing adjustments, handling forecast-to-actual differences, controls to prevent duplicate recovery, and an illustrative calculation using Appendix F formulas.

Please refer to M13133, Exhibit N-1, NS Power Application for a Financing Order to Reduce Costs for Customers (the "Application") Figure 1: Summary of Securitized Costs ($ million), Page 10 of 51, Line 17: a) When does NS Power anticipate...

AI summary The text includes a series of questions related to NS Power's upcoming filings, the reset of the Base Cost of Fuel (BCF) for 2028, the impact of limited approval of securitized costs, and the reclassification of Thermal Assets following Board approval of the Application.

17 Reference: Exhibit N-1, Appendix F, Securitization Cost Recovery Rider (SECRR); and 18 Appendix G-1, Distribution Tariff, Section 11.2 - (a) Please explain how the SECRR will be billed to and collected from RtR Customers or Licensed Ret...

AI summary The document requests clarification on how the Securitization Cost Recovery Rider (SECRR) will be billed and collected from customers or licensed retail suppliers, and whether it will be included in 'DT Charges' under the Distribution Tariff. It also asks about necessary amendments to agreements and billing systems, along with associated costs and timelines.

Request: a) Please confirm if the values shown on the "Summary" worksheet of "2026 Securitization Rider Application Appendix A EO.xlsx" are fixed or if they will change. If values are expected to change, please provide an overview of what...

AI summary The text requests confirmation on the fixed nature of values in a securitization rider application, potential changes to costs, and the role of specific prepayment amounts in adjusting the total securitization issuance value. It references multiple applications and regulatory matters, including the ELID tariff and AAR application.

- 2 Reference: N-1, Application, Appendix H, '2027 Securitization Rider Therm' tab, cells D4 - 3 F4 & N-92, SR-01 Attachment 3, page 7 of 102 & Exhibit N-92 from M12451, SR-01 - 4 Attachment 3, page 7 of 102. - 5 Preamble: The System Load...

AI summary The document requests an explanation and reconciliation of changes in the system load factor and demand/energy classification between the 2026/27 GRA Compliance Filing and the current Application. It also asks about the impact of securitization of thermal assets on these calculations and requests revised appendices in Excel format using the updated load factor.

- 31 (c) Please confirm: 1 (i) That it would remain open to NSPI to propose and the Board 2 to approve a smoothing of rate impacts if determined to 3 create rate shock? 4 (ii) As a term of the GRA Settlement Agreement, approved by - 5 the...

AI summary The text asks whether NSPI can propose and the Board can approve smoothing of rate impacts to avoid rate shock, and references a GRA Settlement Agreement that supports smoothing FAM rider impacts for industrial classes during the 2026-2027 test period.

8 Request IR-18: - 9 Reference: N-1, Application, page 31, Figure 7: Securitization Rider for Below the Line 10 (BTL) customer class in 2027. - 11 Preamble: Figure 7, lists the Extra Large Industrial Dispatchable ("ELID") rate class as 12...

AI summary The text requests an explanation of why the ELID rate class is classified as Below-the-Line for the 2027 Securitization Rider, why it lacks a Fuel & Purchased Power rider despite future costs, and why certain costs should not be charged to the ELID class if incurred while it is taking service.

2 Reference: Matter M12661, ELID Application - 3 (a) Please confirm whether any of the matters in dispute in the ELID 4 application affect, or are expected to affect, the amount of the PHP Deferral 5 balance, the $12.2 million forecast bal...

AI summary The document contains questions related to the ELID application, specifically concerning the impact of disputed matters on deferred balances, the calculation of securitization balances, the basis for recovery of deferred costs, and a request for NPV analysis of different recovery timelines.

1 adopted. 2 (h) Please confirm whether this same inconsistency applies to the Balancing 3 Adjustment (BA) mechanism described in Section 9.0, given that the BA 4 mechanism also reconciles "any difference between estimated Ongoing 5 Financ...

AI summary The text asks whether the inconsistency in the Balancing Adjustment (BA) mechanism, which reconciles differences between estimated and actual financing costs, also leads to cross-subsidization concerns, similar to those raised in the Fuel Adjustment Mechanism (FAM).

8 Request IR-33: 9 Reference: N-1, Application, page 36, Section 9.0. "BA1(t) = Approved Securitized Surcharge (t-1) - Actual Securitized Surcharge Collections (t-1) ± Other Reconciliation Amounts" and "BA2(t) = Approved BA1 (t-1) - Actual...

AI summary The text outlines a regulatory inquiry (Request IR-33) regarding the Balancing Adjustment (BA) formulas and mechanisms, including their application on a customer-class basis, interest treatment, handling of customer changes, and responsibility for Securitized Costs after departure from the NSPI system.

NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF: THE PUBLIC UTILITIES ACT and IN THE MATTER OF: THE FINANCING ORDERS AND SECURITIZED BONDS REGULATIONS and IN THE MATTER OF: An application by NOVA SCOTIA POWER INCORPORATED for approva...

AI summary Nova Scotia Power Inc. has applied for approval of a financing order authorizing the securitization of $1 billion in costs collected through a Securitization Cost Recovery Rider under the Public Utilities Act and related regulations.

Request IR-4: - Nova Scotia Power has previously made arrangements to (effectively) securitize FAM balances - with external parties. $500 Million of FAM balances were previously securitized with the - assistance of a Government of Canada l...

AI summary Nova Scotia Power previously securitized $500 million and $117 million of FAM balances over 28 and 10 years, respectively. The request asks for the reasoning behind these terms, the choice of a 30-year term in the current proposal, and the impact of even-annual versus mortgage-style repayment on ratepayers and debt costs.