Topic:"Rate Smoothing Adjustment" in M13007

e) IESO Nova Scotia has not developed a specific load verification procedure, but is amenable to doing so in conversation with the LSEs. Otherwise, IESO Nova Scotia notes that NS Power's load forecast is provided to the NSEB on an annual b...

AI summary IESO Nova Scotia does not have a specific load verification procedure but suggests that the existing process of submitting load forecasts to the NSEB and the corresponding hearing proceedings are sufficient for verifying load data used in the Base Allocation.

4.3 Potential evolution under Phase 2 The MAEA fixes no date for proclaiming the Phase 2 provisions, which come into force only upon proclamation by the Governor in Council. It does, however, require that any ministerial orders transferrin...

AI summary Phase 2 of the More Access to Energy Act (MAEA) will transfer NS Power's operations to IESO Nova Scotia by May 1, 2028, impacting fee recovery and licensing requirements. IESO Nova Scotia will manage the OATT and seek new tariffs from the NSEB, while expanding market participation. The fee recovery mechanism will be re-evaluated once Phase 2 is fully implemented.

1 Request IR-9: - 2 Reference: Application, Section 5, Figure 14, p.41; Figure 15, p.42-43. - 3 Preamble: The Fee Calculation Model determines the remaining 2025/26 and 2026/27 - 4 revenue requirement fees to be collected from LSEs over th...

AI summary The text requests confirmation of the total 'Total Unrecovered Fees' to be collected from NSPI over a four-month period in 2026–2027, under two True-Up Options, and whether alternatives to full recovery of the shortfall were considered, including the impact on rate smoothing for NSPI.

1 Request IR-4: 2 3 With reference to Figure 13, if parties are not satisfied with use of a compliance filing in Option 4 2, please provide the views of IESO NS on a mid-year rate adjustment to account for the true-up. 5 For example, a mid...

AI summary The text requests the IESO NS to provide views on a mid-year rate adjustment schedule for true-up adjustments, including alternative timelines for filings and Board decisions. It also asks whether an effective date of January 1 for true-up adjustments could benefit LSEs.