N-4IESO (DGT) RIR 1 to 23
6 passages
- IESO Nova Scotia explains that any over-collection or under-collection compared to the approved - revenue requirement will be reconciled through future fees. - Please describe the specific safeguards in place, if any, to ensure that: - (...
AI summary The document discusses the reconciliation process for over-collection or under-collection of fees relative to the approved revenue requirement, and asks for safeguards to ensure compliance and timely returns to ratepayers.
(c) The increased compensation in 2026/2027 over 2025/2026 is due to the following: Pay Bands 2025/2026 2026/2027 Sr Managers 6 7 Managers 3 6 Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Doane Grant Thorn...
AI summary The increased compensation in 2026/2027 compared to 2025/2026 is attributed to changes in pay bands for senior managers and managers. The text also references responses from the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) to information requests from Doane Grant Thornton LLP (DGT).
Office Cost type Detail Amount ($) Printing $1,200 Postage/Shipping/Delivery 2,400 Stakeholder Meetings Hospitality, room rentals, supplies 6,000 Office supplies 22,560 Photocopier lease Supplies and service 3,600 Cleaning 9,600 Other Expe...
AI summary The document outlines various office costs incurred by the Nova Scotia Energy Board, including printing, postage, stakeholder meetings, office supplies, cleaning, and subscriptions, totaling $99,460.
8 (a) Year to date actual results for transitional costs detailed in Table 2: 2025/2026 Actual Results Variance Cost Category Budget ($) December 31, 2025 (A-B) (Millions) ($) (Millions) (over)/under A B budget PMO Support 0.72M 0.89M (0.1...
AI summary The document provides a comparison of budgeted and actual transitional costs for the year to date in 2025/2026. Key categories include PMO Support, Subject Matter Expertise – Phase II, and Compliance Preparedness and Assurance. Actual results show variances from the budget, with total transitional expenses exceeding the budget by $0.69M.
NON-CONFIDENTIAL 1 Request IR - 20 2 Reference: Exhibit B-3 (page 34, lines 14-22) 3 IESO Nova Scotia states that "While significant uncertainty remains around the exact scope of 4 Phase II and all the work that will be required, two speci...
AI summary IESO Nova Scotia outlines two estimated costs for Phase II: $0.36M for advisory support in control room operations and $0.5M for adjustments to electricity market rules. These figures are based on estimates, as the projects have not been fully scoped or bids received. The Net Revenue Requirement Deferral and Variance Mechanism will account for any variances.
NON-CONFIDENTIAL 1 Request IR - 23 2 Reference: Exhibit B-3 (page 33, lines 16-20, PMO Support) 3 IESO Nova Scotia states that "As a new entity, IESO Nova Scotia is having to stand up all its HR 4 systems, processes and policies. Much of t...
AI summary The document discusses the request for detailed support on the calculation of PMO support costs for IESO Nova Scotia in 2025/2026, including the reasons for the 79% increase compared to the budget and the reduction in the 2026/2027 budget. It also asks for an explanation of completed and ongoing PMO support activities.
N-5IESO (IG) RIR 1 to 32 - Redacted
4 passages
As of December 31, 2025 CURRENT 1 - 30 31 - 60 61 - 90 91 AND OVER Total Board expense $ 271.60 $ 3,288.96 $ - $ - $ - $ 3,560.56 Communications $ 38,893.88 $ 40,686.48 $ - $ - $ - $ 79,580.36 Compliance $ - $ 91,320.60 $ 41,065.65 $ - $ -...
AI summary The document presents a detailed breakdown of expenses categorized by different departments and time periods up to December 31, 2025, including board expenses, communications, compliance, employee expenses, and other operational costs.
NON-CONFIDENTIAL 1 Request IR - 2 2 Reference: N-1(i), Exhibit D-1, pdf p.41 states that IESO-NS "has determined that a minimum of 3 Nine Hundred and Fifty Thousand Dollars ($950,000) revenue is needed each month to ensure it 4 continues t...
AI summary The document requests detailed information from IESO-NS regarding its monthly revenue requirement of $950,000, including internal analysis, rationale for monthly payments, cash flow projections, expense categorization, and timing flexibility. The request is part of a regulatory proceeding and involves financial and operational details.
PARTIALLY CONFIDENTIAL (Attachment Only) 2 Reference: N-1(i) Exhibit A-1, pdf p. 3-4, acknowledges submissions from Board consultant 3 Doane Grant Thornton (DGT) and stakeholders regarding the 2025/2026 application, but indicates 4 IESO-NS...
AI summary The text references a regulatory proceeding involving the IESO-NS and the Doane Grant Thornton (DGT) consultant, addressing deficiencies in the 2025/2026 application related to financial forecasts and documentation. It requests confirmation of these deficiencies and whether IESO-NS can now address them with supporting evidence.
NON-CONFIDENTIAL 1 Request IR - 29 2 Reference: N-1(i), Exhibit C-1, pdf p.37-39 proposes a permanent Net Revenue Requirement 3 Deferral and Variance Mechanism ("DVM") with a simplified annual calculation and potential 4 inclusion of capit...
AI summary The text outlines a request for the IESO-NS to confirm details regarding the Deferral and Variance Mechanism (DVM), including sub-account management, eligibility criteria, and reporting requirements for a permanent Net Revenue Requirement. The request includes specific questions about sub-accounts, annual caps, eligibility conditions, carrying costs, and capital cost inclusion.
N-6IESO (NSEB) RIR 1 to 33 - Redacted
5 passages
IESO Nova ScotiaFinancial Forecast - Summary April 1 2026 - March 31, 2027 Apr -26 Ma y-2 6 Jun -26 Jul- 26 Aug -26 Sep -26 Oct -26 No v-2 6 Dec -26 Jan -27 Feb -27 Ma r-27 202 7 Exp e C ate ens gor y For st eca For st eca For st eca For s...
AI summary The IESO Nova Scotia Financial Forecast provides a summary of expected expenses for the period April 1, 2026, to March 31, 2027. It outlines projected costs for employee and remuneration expenses, administrative corporate operations, governance, and legal and regulatory expenses across the fiscal year.
2% Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Total 2 On page 3 of the application the IESO Nova Scotia requests remittance of funds in March 2026 3 but requests it is effective January 1, 2026. On...
AI summary The IESO Nova Scotia requested remittance of funds effective January 1, 2026, but later requested payments starting April 1, 2026, effective February 1, 2026. The response clarifies that the effective date is February 1, 2026, and directs to a specific page in a rebuttal submission for further details.
NON-CONFIDENTIAL 1 Request IR - 11 2 Regarding Table 3 on page 12 of the application: 3 (a) Please provide a breakdown of the 23 full-time equivalent employees included in the $4.34 4 million compensation amount, broken down by position an...
AI summary The request seeks detailed information about the compensation of 23 full-time equivalent employees, including their positions, hiring status, inclusion of executive compensation, assumptions about new positions starting on April 1, 2026, eligibility for bonuses, and the basis for recruitment costs. This is part of an information request filed with the NSEB.
- 9 subcategory are offset by a lease inducement. Date Filed: March 10, 2026 IESO Nova Scotia (NSEB) IR - 19 Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Nova Scotia Energy Board (NSEB) Information Requests
AI summary The document outlines the Nova Scotia Independent Energy System Operator's (IESO Nova Scotia) responses to information requests from the Nova Scotia Energy Board (NSEB), including a mention of lease inducements related to a subcategory.
7 Transitional Costs Category Cost category 2025/2026 budget ($) (Millions) Actual 2025/2026 at Dec 31 ($) (Millions) 2025/2026 Annualized Expenditures ($) (Millions) (A) 2026/2027 Proposed Budget ($) (Millions) (B) Difference ($) (Million...
AI summary This document discusses transitional costs for 2025/2026 and 2026/2027, including various expense categories such as PMO Support, Subject Matter Expertise – Phase II, and Compliance Preparedness and Assurance. It also outlines IESO Nova Scotia's response to an information request from the NSEB regarding the Net OM&A Deferral and Variance Account.
N-11Evidence of Doane Grant Thornton
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15 2.2 Guiding principles - 16 A summary of the key themes of GUP that have been considered throughout our review has been detailed below:
AI summary This section outlines the key themes of the General Utility Principles (GUP) that have been considered throughout the review process.
21 Figure 3 – Summary of 2026/2027 revenue requirement ($ millions) 2026/2027B Report section Employees (administration) 4.44 4- OM&A Corporate administrative 0.26 4- OM&A Governance 0.49 4- OM&A Legal and regulatory 1.15 4- OM&A Procureme...
AI summary The document presents a summary of the 2026/2027 revenue requirement, listing various operational and administrative costs. It includes categories such as employee administration, legal and regulatory expenses, and transitional costs. The total revenue requirement is stated as $14.85 million. A reference is made to the More Access to Energy Act, Section 29.
13 each of the 23 positions. The administrative positions were aligned with peer organizations with similar administrative 14 functions for financial, legal, administrative, regulatory, compliance, human resources ("HR"), and 15 communicat...
AI summary The text discusses the compensation philosophy and structure for IESO Nova Scotia, which aligns with market percentiles and includes comparisons with similar roles in other organizations such as Nova Scotia Power, Ontario Power Generation, and others. Market data from recruitment sites and recruitment firms was used to determine pay bands and salaries.
• 2026/2027B is 183% higher than 2025/2026B . This difference is largely driven by the increase in the "compensation" sub-category. IESO Nova Scotia noted that the administrative team increased by 10 additional people in 2026/2027 over 202...
AI summary The document discusses the significant increase in the 2026/2027 budget compared to 2025/2026, primarily due to the 'compensation' sub-category. IESO Nova Scotia attributes this increase to an expanded administrative team and adjustments in benefit costs. The 2025/2026A budget also shows a substantial increase due to similar factors, including a 3% annual increase and a change in the burden rate.
12 Figure 18 – Summary of transitional costs ($ millions) 2025/2026B 2025/2026A 2026/2027B 2025/2026A vs 2025/2026B % change 2026/2027B vs 2025/2026B % change 2026/2027B vs 2025/2026A % change PMO support 0.72 1.29 0.57 0.57 79% (0.15) -21...
AI summary The text presents a table summarizing transitional costs for different categories over multiple fiscal periods, showing changes in amounts and percentages. It also mentions that IESO Nova Scotia provided details on their process for calculating 2025/2026A for sub-categories.
7.1 Scope Review of IESO Nova Scotia's request for immediate temporary financial relief directing NS Power to begin paying by April 1, 2026, monthly payments to IESO Nova Scotia, of $950,000, exclusive of applicable taxes.
AI summary The document discusses a request by IESO Nova Scotia for immediate temporary financial relief, requiring NS Power to begin paying monthly payments of $950,000 starting April 1, 2026, excluding applicable taxes.
5 Figure 25 – Summary of intervenor submissions Party Position Summary of reasoning for position PHP Conditionally supportive – not opposed but with significant reservations99 • Not explicitly opposed to the request for temporary financial...
AI summary PHP is conditionally supportive of the request for temporary financial relief, acknowledging the IESO Nova Scotia's need to meet its liabilities but raising several concerns and conditions that must be addressed before approval.
10 Figure 26 – Summary of IESO Nova Scotia's response to Intervenors Topic Intervenor concern IESO Nova Scotia's explanation/supporting evidence provided101 Financial position The interim period (to March 31, 2027) is excessive and total i...
AI summary The IESO Nova Scotia responds to concerns about the interim period ending March 31, 2027, explaining that it is a backstop to address uncontrollable risks. It also addresses tax clarity, stating that HST impacts would be neutral due to input tax credits and proposes stating fees as 'subject to applicable taxes.'
1 Appendix A - Glossary of terms Abbreviation Term 2025/2026A 2025/2026 Annualized budgeted expenditures 2025/2026B 2025/2026 budget 2026/2027B 2026/2027 budget Act The More Access to Energy Act AESO Alberta Electric System Operator Applic...
AI summary This glossary defines various terms and abbreviations used in the regulatory proceeding, including financial mechanisms, organizational entities, and procedural terms relevant to energy and regulatory processes in Nova Scotia.
100963NSEB (IESO NS) IR 1 to 33 - Word
3 passages
the statement, “The regulatory pathways for NSEB review and approval of these additional cost categories will be assessed in further detail in 2026.” Regarding Table 3 on page 12 of the application: 1. Please provide a breakdown of the 23...
AI summary The text outlines a series of questions regarding compensation and staffing details from an application, focusing on employee breakdowns, executive compensation, hiring timelines, and budget assumptions. It also requests updated tables with additional data columns for 2025/2026.
cation, please provide a version adding a column for actual 2025/2026 to date. Regarding Table 14 on page 29 of the application, please provide a version adding a column for actual 2025/2026 to date. Regarding Table 15 on page 30 of the ap...
AI summary The text requests additional data for several tables in an application, including actual 2025/2026 figures, employee breakdowns, compensation details, and third-party recovery forecasts, highlighting concerns around staffing, compensation, and cost recovery.
as they become due in or about May 2026, please explain in detail why IESO Nova Scotia did not do as it had indicated it would and apply for a permanent fee and recovery mechanism in this proceeding. Please identify the additional costs in...
AI summary The text requests an explanation from IESO Nova Scotia regarding why it did not implement a previously indicated action by May 2026 and asks for the additional costs associated with its proposed permanent fee recovery mechanism application, including regulatory and financing costs.
101002Rebuttal Submission from IESO-NS re: temporary financial relief
3 passages
1. Why IESO Nova Scotia is unable to pay its liabilities IESO Nova Scotia submitted its initial Revenue Requirement and Fees Application for the test period ending March 31, 2026 to the Board on August 5, 2025. The initial 2025/2026 Revenu...
AI summary IESO Nova Scotia submitted a Revenue Requirement and Fees Application for the test period ending March 31, 2026, seeking net OM&A costs of $5.31 million after provincial funding. The submission is part of a regulatory proceeding with multiple stakeholder submissions referenced.
2. Calculation of the $950,000 monthly fee In determining the interim fee portion of the application, IESO Nova Scotia undertook a practical exercise with simple cash modeling, with a view of trying to arrive at the lowest possible monthly...
AI summary IESO Nova Scotia developed a cash flow model to determine the minimum interim monthly fee of $950,000 required to sustain operations through November 2026. The model assumes no procurement cost recovery, excludes Phase 2 implementation costs, and considers OM&A and procurement budgets for 2026/27.
Page 7 of 13 February 19, 2026 Ms. Henwood If the Board were to approve a $950,000 monthly assessment from February 2026 through March 2027, the total interim collections would be approximately $13.3 million. That amount is materially less...
AI summary The document outlines a proposed monthly assessment of $950,000 from February 2026 to March 2027, totaling $13.3 million. This is significantly less than the $20.16 million in combined revenue requirements for 2025/2026 and 2026/2027. The request for an effective date of February 1, 2026, with the first payment due by April 1, 2026, is explained as a measure to avoid liquidity issues before the Board's decision.
102939Closing Submission - CA - Redacted
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26 This Application concerns IESO Nova Scotia's proposed expenditure and revenue requirement for 27 its second test year, ending March 31, 2027. 21 Nova Scotia Independent Energy System Operator's ("IESO NS" or "IESO") Application for 22 A...
AI summary The document discusses IESO Nova Scotia's application for approval of its revenue, expenditures, and fees for its second test year. While the CA does not oppose the application, it raises concerns about transparency, accuracy of information, and specific methodologies and timelines related to the IESO's transition from NS Power.
12 Proposed expenditure and revenue requirements 13 14 29 (1) The IESO shall, at least 90 days before the beginning of each fiscal year, submit its 15 proposed 16 expenditure and revenue requirements for the fiscal year and the fees it pro...
AI summary The IESO is required to submit its proposed expenditure and revenue requirements to the Energy Board at least 90 days before the start of each fiscal year. If it fails to do so, it must submit as soon as possible. Until the Energy Board approves these requirements, the previous year's fees remain in effect unless otherwise ordered. The Board may also hold hearings before making a decision.
41 Cost recovery 42 43 30 (1) The IESO shall apply to the Energy Board for the recovery of costs for energy 44 resource supply contracts, and any costs incurred by the IESO for the administration of 45 those contracts, respecting settlemen...
AI summary This section discusses the Energy Board's authority to recover costs incurred by the IESO for energy resource supply contracts and the interpretation of the Act regarding the Board's power to approve or disallow costs. The Department of Energy's counsel did not take a firm position on the Board's authority to disallow costs, leaving the interpretation to the Board.
44 (b) by the More Access to Energy Act ; 3 [H](#page-4-1)earing Transcript, June 25, 2026, pp. 457-464. 1 2 3 4 (c) respecting the production, transmission, delivery or furnishing of electrical energy for the purpose of heat, light and po...
AI summary The text references section 44(b) of the More Access to Energy Act and outlines the Energy Board's regulatory authority under various acts, including the Public Utilities Act and the Electricity Act. It emphasizes the Board's responsibility to approve rates and consider factors such as competition, innovation, and sustainable development.
1 for private, competitive companies. For that reason, the 2 Province's electric service supplier is a cost-of-service 3 monopoly. In return for undertaking and continuing the costs 4 of electrification of the Province, the utility is perm...
AI summary The document discusses the regulatory framework governing Nova Scotia Power Inc. (NSPI) as a monopoly and the Board's role in ensuring fair and reasonable rates for customers while allowing the utility to recover its reasonable and prudent costs. The Board's regulatory power is described as a proxy for competition, not an instrument of social policy.
ng function. The Board's regulatory power is a proxy for 25 competition, not an instrument of social policy. [Emphasis added] 27 [ Dalhousie Legal Aid Service v Nova Scotia Power Inc. , 2006 NSCA 74] - 31 [33] In exercising its ratemaking...
AI summary The text discusses the regulatory power of the Board in utility regulation, emphasizing that it is a proxy for competition rather than a tool for social policy. It references legal principles and case law that guide the rate-making process, including the cost-of-service-based model.
1 2 3 [22] A widely-accepted publication written by Dr. James Bonbright entitled Principles of Public Utility Rates, sets out the following guidelines for determining appropriate rates: 4 5 CRITERIA OF A SOUND RATE STRUCTURE 6 7 1. The rel...
AI summary The document references Dr. James Bonbright's 'Principles of Public Utility Rates,' outlining eight criteria for a sound rate structure, including simplicity, revenue stability, fairness, and efficiency. These principles are established and form the background for assessing the current application, citing a 2002 NSUARB decision.
7 b) Does s. 29 of the Act permit the Board to "disallow" actual costs incurred by 8 the IESO where there is a finding of imprudence? 10 Section 29 of the Act does not explicitly address whether the Board has the authority to disallow 11 c...
AI summary Section 29 of the Act does not explicitly prohibit the Board from disallowing actual costs incurred by the IESO if there is a finding of imprudence. The Commissioner of the Environment and Sustainable Resource Development argues that the Board has the authority to review the IESO's conduct and potentially order disallowances, especially where mechanisms for such reviews were previously approved.
34 4) OM&A – Reasonableness of Proposed Costs 36 Given the concerns expressed above regarding transparency and potential lack of accuracy, the CA 37 remains generally concerned about the IESO's forecasted costs, especially given the IESO's...
AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) expresses concerns about the IESO's forecasted OM&A costs, particularly in the Employees (Administration) and Governance categories, citing transparency and accuracy issues and the IESO's limited track record.
age-19-7) Hearing Transcript, June 17, 2026, pp. 57-58. 1 approach as being done primarily for expediency, as the Application was developed at a time when 2 the organization had limited resources: 3 4 Q. Okay. And so given that the roles h...
AI summary The IESO acknowledges that staffing assumptions in the Application were made with limited resources and a focus on expediency. The organization used contracting resources to manage workload before filling full-time positions, with actual spending showing underspending on FTA costs and overspending on consulting and external support.
the document. Unfortunately, this document also does not assist in 20 allowing the Board to understand how the salary ranges were developed, or whether the final 21 results are at all reasonable. 22 23 In response to an Information Request...
AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) criticizes the IESO NS for not providing sufficient information to justify the reasonableness of employee compensation costs, noting that the provided data lacks supporting rationale and appears insufficient to demonstrate competitive market rates.
5 Remuneration and reimbursement 6 7 21 (1) A director, who is not a public servant, shall be paid such remuneration as 8 the Board of Directors determines. 9 10 (2) The directors shall be reimbursed for reasonable expenses necessarily inc...
AI summary The text discusses the remuneration and reimbursement of directors of IESO Nova Scotia, noting a budget of $0.49M for governance-related costs, with $0.42M allocated to board member remuneration. It raises concerns about the transparency and comparability of these payments relative to other jurisdictions like Ontario.
39 c) Conclusion 40 41 As noted above, the CA is concerned about the lack of detail provided by the IESO in support of 42 its various estimated OM&A costs, but especially with respect to costing for employee 43 compensation, as well as gov...
AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) expresses concerns regarding the lack of detail in the IESO's estimated OM&A costs, particularly employee compensation and governance costs, and questions the IESO's diligence in ensuring competitive compensation rates. The CA also criticizes the IESO's assumption of a full complement of staff for the entire fiscal year, despite knowing many positions would not be filled until late 2026.
9 5) Transition from NS Power to IESO NS 10 11 In addition to seeking approval for operating costs, the IESO's Application also seeks approval of 12 transitional costs and provides a general update regarding the IESO's progress in transiti...
AI summary The IESO NS is seeking approval for transitional costs associated with the transition from NS Power. The Commissioner of the Environment and Sustainable Resource Development (CA) is concerned about potential functional overlap and cost duplication, which could lead to higher costs for ratepayers. The Board has also expressed concerns about this issue and will monitor it closely.
own 31 imprudence. Since IESO NS does not have an ultimate "shareholder" (unlike NS Power), all of 32 IESO NS's costs would ultimately be borne by its customers, even those that were not prudent. 33 34 At present, the CA would also respect...
AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) argues that the Independent Energy System Operator - Nova Scotia (IESO NS) lacks a strong track record in budget adherence, having either underspent or overspent in all cost categories during its first year of operation. The CA is concerned that the IESO's approach to cost management may lead to imprudent spending, as its costs are ultimately borne by customers.
102945Closing Submission - IG
11 passages
b. Unforeseen Costs Should Require a Board Application As proposed, the Deferral Account would effectively permit IESO-NS to incur costs, identify variances after the fact and recover those amounts from ratepayers in a subsequent period wi...
AI summary The Industrial Group argues that the Deferral Account should not be used to recover significant unforeseen costs without prior Board approval, as this would shift financial risk to ratepayers and bypass regulatory oversight. They propose that IESO-NS should apply to the Board for approval of such costs, ensuring transparency and accountability.
2. BOARD AUTHORITY UNDER THE MAEA FOR DISALLOWANCES AND THE DEFERRAL ACCOUNT The Department of Energy ( DOE ), through counsel Mr. Kayter, raised a significant legal issue during the hearing that goes to the heart of the Industrial Group's...
AI summary The Department of Energy questions the Board's authority under the MAEA to disallow imprudent costs, while the Industrial Group argues that the Board has the authority to examine cost prudence in establishing just and reasonable rates. The issue remains unresolved as positions from the DOE and IESO-NS are not clearly articulated.
a. Limitations of the DGT Review DGT was retained by Board Counsel to conduct an independent review of the Application. However, DGT's scope of work and mandate in conducting its review was limited. In response to the Industrial Groups IRs...
AI summary The DGT Review was limited in scope, focusing on reviewing the Application, interrogatory responses, and mathematical accuracy, but not on verifying management representations, conducting detailed quantitative testing, or assessing prudence. The Industrial Group argues that the absence of unreasonableness does not imply prudence or necessity of costs.
i. Vacancy Rate The 2026/2027 RR includes salary and benefit costs for 44 budgeted full-time equivalents (" FTEs "). As of the hearing date, IESO-NS had 31 employees hired, 9 in active recruitment, and 4 roles not yet posted.[27](#page-7-4...
AI summary The 2026/2027 revenue requirement includes full salary costs for 44 FTEs, but IESO-NS has only filled 31 positions. No vacancy adjustment was applied despite unfilled roles. IESO-NS claims contractor costs offset savings from vacancies, but no quantitative analysis was provided. The Industrial Group argues that the Board should not accept the labour budget without a vacancy adjustment or supporting analysis.
ii. Salary Benchmarking Additionally, salary benchmarking offered to support the 44-role compensation budget is limited. In response to Undertaking U-1, IESO-NS provided a narrative of how the salaries were set and benchmarked, along with...
AI summary The text discusses concerns about the limited and insufficient salary benchmarking data provided for the 44-role compensation budget. It criticizes the lack of comprehensive work products from consultants and highlights an underspend in administration salaries, questioning the reasonableness of the proposed labour and salary budget.
iii. CEO Compensation With respect to the CEO compensation at the IESO-NS, there does not appear to have been any benchmarking study or consultation done in setting the remuneration. Undertaking U-10, which responds to a request for "any w...
AI summary The text discusses the lack of benchmarking and consultation in setting CEO compensation at IESO-NS, the absence of external work products, and the lack of transparency in the process for determining eligibility for CEO bonuses. The CEO's objectives for the 2026/2027 fiscal year were set by the IESO-NS Board but not shared with the Board or intervenors.
d. HST Exposure An unresolved risk to ratepayers arises from the HST implications of the IESO-NS's revenue requirement. KPMG opines that amounts charged by IESO-NS to recover its approved revenue requirement will generally attract HST at 1...
AI summary The text discusses the risk to ratepayers due to HST implications of the IESO-NS's revenue requirement. KPMG notes that HST will apply to the revenue requirement, but IESO-NS argues that NSPI can offset this through input tax credits. However, there is uncertainty about whether NSPI will fully pass on these credits to customers, potentially increasing costs by 14%. The Board is urged to confirm how this exposure will be managed.
5. LACK OF TRANSPARENCY AND ADEQUACY OF EVIDENCE One of the challenges throughout this proceeding has been the absence of clear, specific, and reliable evidence to support key aspects of the Application. This is particularly significant be...
AI summary The proceeding highlights a lack of transparency and adequate evidence in the Application, which hinders the Board's ability to make informed decisions. This issue is particularly concerning given IESO-NS's mandate for transparency, as emphasized by Mr. Johnston.
6. IESO-NS AND NSPI COLLABORATION – TRANSPARENCY AND COST DUPLICATION The Industrial Group has consistently raised the importance of transparency in the relative obligations of IESO-NS and NSPI during the transition period, and the need fo...
AI summary The Industrial Group emphasizes the need for transparency and cost avoidance between IESO-NS and NSPI during the transition period, noting the lack of a formal governance framework and the risk of duplicate costs being charged to ratepayers. They recommend a certification process and a written framework to address this issue.
6 Page 18 Crystal Henwood NS in this proceeding. Board director compensation is similarly disclosed in full, by name, including appointment date, term expiry, and annual remuneration.[85](#page-17-4) The Industrial Group requests that the...
AI summary The Industrial Group requests the Board to direct IESO-NS to prepare an annual report with specific financial and performance details, including audited financial statements, performance measures, executive compensation tables, and procurement activity reports.
10. direct IESO-NS to file with its compliance filing confirmation as to how the 14% HST exposure will be managed, including how any input tax credit benefit will be flowed through; - 11. direct IESO-NS to file and obtain Board approval of...
AI summary The document outlines several directives for IESO-NS, including managing HST exposure, filing a procurement policy, reporting on the Flexibility Clause, preventing duplicate costs, and preparing an annual report. These actions are part of regulatory oversight to ensure compliance and transparency in energy operations.
102946Closing Submission - IESO
14 passages
and IN THE MATTER OF an application by the Nova Scotia Independent Energy System Operator for an Order or Orders made pursuant to Section 29 of the MAEA for the review of its proposed expenditure and revenue requirements and the fees it pr...
AI summary This document outlines an application by the Nova Scotia Independent Energy System Operator seeking regulatory approval for its proposed expenditure, revenue requirements, and fees for the fiscal year 2026-2027 under the More Access to Energy Act.
22 23 IESO Nova Scotia submits that, based on the record provided to the Board under this matter to 24 date, IESO Nova Scotia's revenue requirement is reasonable and prudent, and is necessary for it 25 to carry out its important mandate un...
AI summary IESO Nova Scotia argues that its 2026/27 revenue requirement is reasonable and necessary for fulfilling its mandate under the More Access to Energy Act (MAEA). It also defends the proposed DVM as a mechanism to ensure that approved revenue requirements are collected and that only actual costs are passed on to market participants and ratepayers.
ately hired, that there would 218 also likely be a variance in consulting support that would offset those. So it was the 219 best view that we could take in terms of budgeting at the time. 220 … - 221 Q. Has IESO looked into whether it wou...
AI summary The IESO Nova Scotia is in its early stages of operation and has not yet considered implementing a vacancy adjustment for revenue requirement calculations. The organization is still building its capacity and does not believe it is currently reasonable to include such an adjustment, citing the lack of sufficient data and maturity.
14 M12633 Transcript, June 25, 2026, pages 120 - 122. 297 Undertaking U-7. 298 299 The not-for-profit nature of IESO Nova Scotia is a significant factor that must be taken into 300 account. If IESO Nova Scotia does not have the funding to...
AI summary The not-for-profit nature of IESO Nova Scotia is emphasized as a critical factor in its operations. The document highlights that if IESO Nova Scotia lacks sufficient funding, it would be unable to fulfill its mandate, impacting energy system planning, resource procurement, and electricity supply reliability. Mr. Johnston reaffirmed the importance of accurate forecasting during the hearing.
DATE FILED: July 24, 2026 Page 15 of 50 15 IESO Nova Scotia response to CA IR-7, M12663, March 10, 2026. Closing Submission 352 by IESO Nova Scotia for Administration staff was described in its response to DGT IR-10 as 353 follows: The com...
AI summary The IESO Nova Scotia outlined its compensation philosophy, targeting the 50th percentile of the market for roles in Atlantic Canada to attract and retain talent. This approach involved analyzing recruitment sites and market data from HUB International and KBRS recruiters to establish pay bands and ensure competitive compensation.
says: 371 The compensation philosophy and structure for the IESO Nova Scotia targeted 372 the 50th percentile of the market for the roles required to be attracted and retained 373 in Atlantic Canada. 374 So can you explain just what you me...
AI summary The discussion focuses on the IESO Nova Scotia's compensation philosophy, which targets the 50th percentile of the market for roles in Atlantic Canada. The witness explains that the pay bands were based on a range, possibly between the 40th and 60th percentile, and that the highest salary in each band was applied to the number of roles in that band.
18 IESO Nova Scotia, 2026/27 Revenue Requirement and Fees Application, M12663, p.21. 448 30 (1) The IESO shall apply to the Energy Board for the recovery of costs for energy 449 resource supply contracts, and any costs incurred by the IESO...
AI summary The IESO Nova Scotia is seeking to recover procurement costs under section 29 of the More Access to Energy Act, rather than section 30, which covers energy resource supply contracts and their administrative costs. This distinction was questioned during the hearing, with Mr. Milligan explaining that the IESO's position is that these costs are consistent with section 29.
33 M12633 Transcript, June 25, 2026, pages 483 - 484. 682 stakeholders regarding IESO Nova Scotia's full expected expenditures, inclusive of both OM&A 683 and capital. 684 685 Recovery of All Costs Incurred 686 A fundamental purpose of the...
AI summary The transcript discusses the DVM and its purpose in recovering all costs incurred by IESO Nova Scotia, a not-for-profit organization established under the MAEA. The Board Chair McGrath questions the justification for the deferral account, emphasizing that it should be used for costs outside the entity's control, not for not-for-profit organizations to pass through all costs to customers.
1080 1048 1092 ensure that the utility can continue to operate and can earn its cost of capital to attract and retain 1093 investment in the utility (See ATCO Gas and Pipelines Ltd. v. Alberta (Utilities Commission) 2015 1094 SCC 45 ("ATCO...
AI summary The text discusses the differences between IESO Nova Scotia and investor-owned regulated utilities, highlighting that IESO Nova Scotia operates with a statutory mandate to act in the public interest, unlike traditional utilities that prioritize shareholder interests. This distinction is noted as a basis for the unique wording in section 29 of the relevant legislation.
1102 1103 Further, the potential for outright denial or disallowance of costs has the potential to interfere with 1104 the exercise of IESO Nova Scotia's public interest mandate, rather than simply being absorbed by 1105 a shareholder. As...
AI summary The text discusses the implications of cost disallowance on IESO Nova Scotia's ability to fulfill its public interest mandate, highlighting the challenges posed by its not-for-profit status and the potential for a permanent deficit. It references the Ontario IESO's approach to approving expenditure and revenue requirements under the Electricity Act.
53 (ATCO, 2006, supra, at para. 73) 1259 "practically necessary to accomplish the objectives" of the MAEA and "essential to the Board 1260 fulfilling its mandate" under the legislation. IESO Nova Scotia submits that the Board's mandate 126...
AI summary IESO Nova Scotia argues that the Board's mandate under the MAEA does not include the power to disallow costs, emphasizing that the express powers granted in section 29 are sufficient and that the legislature did not intend to implicitly confer such jurisdiction. The submission highlights the regulatory framework provided by the MAEA and its alignment with the principles from Re Consumers' Gas.
1290 1291 Second, the absence of express authority in the MAEA granting the Board jurisdiction to approve 1292 the DVM similarly does not impact the conclusion respecting the authority to disallow costs. 1293 Unlike the power to disallow c...
AI summary The document discusses the jurisdiction of the Board under the MAEA to approve the DVM mechanism, emphasizing its necessity for reconciling variances in a not-for-profit entity like IESO Nova Scotia, ensuring compliance with the MAEA's not-for-profit requirements.
Closing Submission 1328 participants and ratepayers ultimately pay only IESO Nova Scotia's actual costs, while also 1329 recognizing the unique not-for-profit status of the organization and the absence of any shareholder 1330 to absorb var...
AI summary IESO Nova Scotia emphasizes that participants and ratepayers pay only actual costs, while acknowledging its not-for-profit status. It commits to developing accounting policies and supporting prudency reviews. It also argues that Section 29 of the MAEA does not grant the Board authority to unilaterally disallow costs or substitute revenue requirements.
1342 under similar statutory provisions. 1351 In doing so, the Board will provide IESO Nova Scotia with the stable and predictable funding 1352 framework necessary to continue building its capabilities, executing its statutory mandate, and...
AI summary The Board is providing IESO Nova Scotia with a stable and predictable funding framework to support its operations and statutory mandate, ensuring long-term value for electricity customers and market participants in Nova Scotia.
102948Closing Submission - SBA
5 passages
1 BEFORE THE NOVA SCOTIA ENERGY BOARD 2 3 4 5 6 7 IN THE MATTER OF: The More Access to Energy Aci, 1998, SNS 2024, c 2, Sch B, (the "Act") - and 8 9 10 11 12 INTHEMATTEROF: an application by the Nova Scotia Independent Energy System Operat...
AI summary The Small Business Advocate (SBA) provides closing submissions regarding the Nova Scotia Independent Energy System Operator's (IESO-NS) revenue requirement application for the 2026/2027 fiscal year. The SBA highlights that despite extensive information provided and analysis conducted, serious questions remain and recommends further consideration by the Nova Scotia Energy Board.
8 Employment Vacancies - 9 At the time of the hearing, June 17 and 25, 2026, IESO-NS was approaching the end of QI for the - 10 2026/2026 fiscal year. As the Application is for the whole of 2026/2027, thy employment posi_tions - 11 that re...
AI summary The document discusses employment vacancies at IESO-NS during the 2026/2027 fiscal year, highlighting the number of unfilled positions and their potential impact on employment costs. IESO-NS reports 9 positions in active recruitment, while the SBA argues for accounting for the impact of vacancies in the budget.
5 Recruitment Fees - 6 Within the 2026/2027 proposed budget, there is $100,000 allocated for "recruitment fees", which - 7 is detailed as potentially including a signing bonus6 . IESO-NS confirmed at the hearing that no - 8 money had been...
AI summary The 2026/2027 proposed budget includes $100,000 for recruitment fees, potentially including signing bonuses. The SBA argues that public funds should not be used for signing bonuses by a not-for-profit, raising concerns about compensation exceeding expert recommendations.
22 Imprudence - 23 There remains serious concern about the potential lack.of accountability/recourse in the event that - 24 IESO-NS is deemed to have been imprudent. Questions were asked by the Consumer Advocate 38 M12663 - Exhibit N-6, NS...
AI summary The text discusses concerns about the potential lack of accountability and recourse if IESO-NS is deemed imprudent in its decisions. It highlights the risks associated with the New Brunswick Power's RIGS facility and the lack of an established methodology for handling disallowances. The SBA emphasizes the need for a plan or policy to address imprudence and protect ratepayers.
9 Summary - 10 The SBA respectfully submits that, along with IESO-NS having to work to develop its historical - 11 experience, the NSEB and stakeholders are still working on und~rstanding how the IESO-NS will - 12 operate and be held accou...
AI summary The Small Business Advocate (SBA) submits several recommendations to the Nova Scotia Energy Board (NSEB) regarding the Nova Scotia Independent Energy System Operator (IESO-NS). These include ensuring transparency in budgeting, accounting for employment vacancies, separating travel expenses, managing financial risks, capping a deferral account, and developing a plan for imprudence.
103134Reply Submission - IG
7 passages
IESO-NS' S A PPROACH I S I MPRACTICAL A ND I NCONSISTENT W ITH T HE P URPOSE O F T HE M AEA Rizzo confirms that an interpretation should be avoided where it produces results that are illogical, incoherent, unreasonable, or inconsistent wit...
AI summary The text argues that IESO-NS's approach is impractical and inconsistent with the purpose of the MAEA. It suggests that the Board's statutory review would become a procedural loop if the proposed interpretation is accepted, which would hinder effective rate regulation and contradict legislative intent.
1. IESO-NS's "iterative" process creates a regulatory loop IESO-NS's submission allows for the possibility that the Board could deal with a single cost category on its own, referring that category back with recommendations while approving...
AI summary IESO-NS's submission suggests that the Board may only address a single cost category at a time, potentially leading to a regulatory loop where the Board cannot finalize a decision without IESO-NS's cooperation. This interpretation is criticized for being inefficient and contrary to the Board's authority to set just and reasonable rates.
2. A category-level referral creates uncertainty rather than ratepayer protection Subsection 29(3) does not solve the problem of a revenue gap. Instead, it preserves the prior year's fees while a forward-looking application remains unappro...
AI summary Subsection 29(3) fails to resolve revenue gaps and creates uncertainty by maintaining prior-year fees without a mechanism for current-year adjustments. This can lead to unresolved disputes, ongoing delays, and potential over-spending by the IESO-NS without ratepayer protection. The Board should approve sound application parts and set disputed categories based on evidence to ensure fair outcomes.
4. A regulator confined to yes-or-no cannot do its job The CA correctly places s. 29 within the established purpose of utility rate regulation. Regulation stands in for the competitive market forces that would otherwise drive costs and pri...
AI summary The document argues that a regulator confined to yes-or-no decisions cannot effectively oversee a monopoly system operator like IESO-NS. The CA emphasizes the Board's role in ensuring fair rates and cost recovery, while IESO-NS highlights its not-for-profit status and lack of shareholder oversight. The text stresses the need for the Board to have the authority to adjust budgets based on evidence, as required by the ERBA.
1. The referral power is one tool, not the only tool IESO-NS's submissions rely heavily on s. 67(1) of the MAEA , which deals with reliability standards and lists five options for the Board: approve, approve with modifications, refuse to a...
AI summary The document discusses the interpretation of section 29(4) of the MAEA, arguing that the shorter wording does not imply a narrower scope. It contrasts this with the detailed wording in section 67(1) of the MAEA, emphasizing that different functions are governed by different provisions and that section 29(4) should be read in conjunction with the Board's general ratemaking powers under the ERBA.
T HE I MPORTANCE O F F RONT -E ND C ONTROLS , G IVEN T HE P RACTICAL L IMITS O F B ACK -E ND D ISALLOWANCE A GAINST A N OT -F OR -P ROFIT The distinction discussed above between setting a revenue requirement in advance and disallowing a co...
AI summary The text emphasizes the importance of front-end controls in regulatory proceedings, particularly for not-for-profit entities like IESO-NS, where backend disallowance mechanisms are limited. It argues that without strict front-end scrutiny, there is a risk of unrecoverable costs and impacts on system reliability. The Board's decision in M12412 is highlighted as an example of effective front-end discipline.
C ONCLUSION A ND R ELIEF S OUGHT The IG submits that the Board should conclude that s. 29(4) of the MAEA , read with the Board's general ratemaking powers under ss. 5 and 6 of the ERBA , authorizes the Board to approve IESO-NS's proposed e...
AI summary The Industrial Group (IG) argues that the Board has the authority under the MAEA and ERBA to approve IESO-NS's revenue requirements and fees. It also recommends that the Board consider the unresolved status of the RIGS project and its implications on the IESO-NS / NB Power contract and the governance framework for the deferral and variance mechanism.
20260617-1Hearing Transcript — 06/17/2026 (Johnny Johnston, Chris Milligan, Mike McFeters)
19 passages
LIST OF UNDERTAKINGS NO. PAGE NO. June 17, 2026 U-1 To provide any work product from any consultant hired to support the development of the benefits package 75 U-2 To provide Hugessen's work product 82 U-3 To explain the difference between...
AI summary The document outlines a list of undertakings related to a hearing by the Nova Scotia Energy Board regarding an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirements for the fiscal year 2026/2027. The hearing was chaired by Stephen McGrath and included Board Member Jennifer Nicholson.
IESO NOVA SCOTIA PANEL 45 Cr-ex, (Murphy) 1 to progress a facility that has an extremely long lead 17 about compensating Pro Energy, it's not a penalty. It 18 would be paying them for work already done and that could 19 then be utilized by...
AI summary The discussion revolves around mitigating risks associated with compensating Pro Energy for work already done, with potential future utilization by IESO. The focus is on cost recovery through alternate use or sale of equipment, as well as ongoing engagement with NB Power to monitor project progress.
IESO NOVA SCOTIA PANEL 63 Cr-ex, (Murphy) 1 Revenue Application. 2 In terms of the specific line item 3 that you're talking about, in terms of our administrative 4 salaries and wages, we would have had about $1.6 million 5 in the Revenue A...
AI summary The discussion revolves around the Revenue Application and the discrepancy between projected and actual administrative salaries and wages, as well as transitional expenses. The witness clarifies that the numbers provided are from the previous fiscal year and notes that current fiscal year data is not yet available due to ongoing audit processes.
IESO NOVA SCOTIA PANEL 75 Cr-ex, (Murphy) 1 and make recommendations, that's what we would like to 2 see. 3 A. Okay. Understood. 4 THE CHAIR: That will be Undertaking 5 U-1. 6 UNDERTAKING U-1 - To provide any 7 work product from any consul...
AI summary The text discusses an undertaking (U-1) related to providing work products from consultants hired to support the development of a benefits package. It also references a fringe rate estimate of 15% for employer costs of benefits, developed by an external consultant named Hub, and mentions a projected 3% increase.
IESO NOVA SCOTIA PANEL 79 Cr-ex, (Murphy) would have seen, actually, there was a huge amount of alignment between those two applications. And so we sort of took, I think, as an organization, ultimately when the Board approved '25-'26, some...
AI summary The discussion focuses on governance costs and the commitment expected from Board members during the start-up phase of the organization. It mentions the number of paid Board members and the breakdown of costs, as well as the frequency of meetings and the level of involvement required from Board members.
IESO NOVA SCOTIA PANEL 105 Cr-ex, (Murphy) 1 I guess from my concern is Q. 6 What other categories of costs is IESO 7 Nova Scotia and NSP comfortable sharing? 8 (Milligan) Mr. Murphy, did you A. 9 have a specific reference there when you s...
AI summary The discussion revolves around the categories of costs that IESO and NSP are comfortable sharing. The conversation references a specific response in IR 6(d), found on pages 94 or 95, which mentions efforts to set up the organization in the most cost-effective way within the constraints of an independent energy system operator.
INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS benefits in furtherance of the Province's policy goals codified in the More Access to Energy Act requires complete independence, and as such not all categories of expenditures can be c...
AI summary The discussion revolves around the sharing of cost information between IESO and Nova Scotia Power, highlighting the need for independence in cost management under the More Access to Energy Act. The witness clarifies that certain cost categories, such as employee costs, were shared during the transition but are not intended for ongoing coordination.
IESO NOVA SCOTIA PANEL 123 Cr-ex, (Murphy) the sole employee, and it was very much based off of the last Application and building that out for a full year, and where we've been able to provide incremental information, we absolutely have. W...
AI summary The discussion revolves around an application and its updates, acknowledging that some forecasts lack detailed justification. The applicant notes that while some aspects of the application may change as the Board reviews the 2025/2026 application, the overall numbers are considered reasonable and within acceptable limits.
IESO NOVA SCOTIA PANEL 147 Cr-ex, (MacAdam) 1 And are there any limits with Q. 2 respect to the Flexibility Clause, with respect to 3 obviously, we've got categories of amounts. Is there any 4 point where you could not, for example, a grea...
AI summary The discussion focuses on the Flexibility Clause and its limitations regarding direct purchases over $100,000, which require full Board approval. It also references a Statement of Work for IBM and mentions the need for Board approval for such large purchases.
IESO NOVA SCOTIA PANEL 155 Cr-ex, (MacAdam) 1 [12:10:19] Okay. But you do reference Phase Q. 11 because it's not going to be comparable to what NSP was 12 paying for those? 13 (Johnston) We've got separate A. 14 facilities' costs, but they...
AI summary The text discusses a regulatory proceeding involving Nova Scotia Power (NSP) and the IESO Nova Scotia Panel, focusing on the costs of Phase II facilities and a 3% increase in administration salaries in the 2026/2027 application. The discussion includes confirmation that Phase II costs are not included in the current application and uncertainty about whether the salary increase has been applied.
be defined as a public utility, and I don't have clarity of a path forward on how that would be changed. Q. And you say at some point, if it was determined to be a public utility, section 35 of the PUA may apply. And then, absent this, cap...
AI summary The discussion centers on whether a utility should be defined as a public utility under the PUA, and the implications for capital costs being reviewed and approved by the Board. It also touches on the submission timeline for a fee and cost recovery mechanism, with a note on the interchangeable use of Q1 2026/2027 and Q2 2026 for clarity.
IESO NOVA SCOTIA PANEL 171 Cr-ex, (MacAdam) 1 jump in in a second to indicate if there was a convenient 2 place for you to stop between 12:30 and 1:00, to target 3 that. If now is a good place, we can stop now and come 4 back at 1:30. 5 MS...
AI summary The text discusses a regulatory proceeding involving a question about expenditures for 2025/2026, with discrepancies noted between figures of 5.05 million, 5.48 million, and 5 million. The respondent explains that the 5 million figure is net of government funding, which, when added back, increases the amount to 7.67 million.
IESO NOVA SCOTIA PANEL 185 Cr-ex, (MacAdam) 1 Two candidates, okay. Q. 9 (Johnston) So the process is that A. 10 there's a set of objectives for the CEO that's taken in 11 front of the Board of the IESO and approved for each 12 fiscal year...
AI summary The discussion focuses on the process for setting objectives for the CEO of the IESO, the structure of bonuses, and whether there are any legislative limitations on CEO incentives. The conversation indicates that bonuses are tied to revenue requirements and included in salary and compensation.
IESO NOVA SCOTIA PANEL 199 Cr-ex, (MacAdam) 1 call it the deferral account, the prudency review for the 17 to the Board's requests. 18 Q. And the Board asked in 28(e): 19 20 Please explain how any variances would be reviewed and approved a...
AI summary The document discusses the IESO Nova Scotia's response to the NSEB regarding the management of disallowances, noting the lack of an established methodology and the unique challenges posed by its not-for-profit status. The discussion also touches on the need to consider how disallowances may impact operations.
IESO NOVA SCOTIA PANEL 215 Cr-ex, (MacAdam) 1 50 of 79, IR-19. And this talks about it indicates 8 it is? 9 (McFeters) The interest charges A. 10 for it were included in that application. 11 Okay. Q. 12 A. (McFeters) The exact costs of how...
AI summary The discussion revolves around the interest charges related to financing the IESO, with clarification that a specific loan was never taken out. It also touches on the permanent fee and cost recovery mechanism under the More Access to Energy Act.
IESO NOVA SCOTIA PANEL 227 Cr-ex, (MacAdam) 1 employee salary costs, you have things like travel, 2 I believe next up is the Industrial 3 Group. I'm thinking about taking a break now and coming 4 back at 3 o'clock. 5 All right. So we'll br...
AI summary The text is a transcript from a regulatory proceeding involving the Industrial Group and the IESO Nova Scotia Panel. It includes a cross-examination by Ms. Rudderham, who is questioning panel members about the revenue requirement and its basis on previous data.
IESO NOVA SCOTIA PANEL 265 Cr-ex, (Rudderham) 1 year period. 2 Q. So has there been any analysis on 3 the impact of rates for the revenue requirement currently? 4 A. (Johnston) So, I mean, what you 5 will see through the conversations that...
AI summary The discussion centers on whether analysis has been conducted on the impact of current rates for the revenue requirement. The response indicates that stakeholder sessions have been held regarding the permanent fee mechanism, but a direct analysis on the impact of rates has not yet been completed due to ongoing discussions about the fee mechanism and how it will be passed on to customers.
IESO NOVA SCOTIA PANEL 269 Cr-ex, (Rudderham) 1 We've also talked that the mechanics, the procedures 2 associated with the deferral account are still being 3 documented. And I think it is the actual calculation 4 of interest associated wit...
AI summary The discussion revolves around the deferral account mechanics, including how interest is calculated and when it starts accruing. The IESO acknowledges that the policy and procedures are still being developed and that definitive answers are not yet available. There is also mention of financial implications for customers based on spending decisions.
IESO NOVA SCOTIA PANEL 283 Cr-ex, (Rudderham) 1 (Johnston) So our Application A. 15 what it believed was the appropriate mechanism for the 16 deferral of the mechanism going forward. We didn't have 17 the luxury, when we put that forward,...
AI summary The applicant discusses their initial application and the decision not to modify it despite the Board's previous decision, stating that the changes were not material enough to warrant a revision.
20260625-1Hearing Transcript — 06/25/2026 (Johnny Johnston, Chris Milligan, Mike McFeters, Angie Brown)
11 passages
LIST OF UNDERTAKINGS NO. PAGE NO. 11 that as part of the proceeding? 12 BY MS. RUDDERHAM: 13 It's not an exhibit in this Q. 14 proceeding; it's the decision from the prior 2025/2026 15 Revenue Requirement, which you had 16 (Johnston) Are w...
AI summary The text discusses a regulatory proceeding involving the IESO Nova Scotia and its requirement to explain cost variances exceeding 10% in its applications, with the burden of proof on the IESO to demonstrate prudence in expenditures.
IESO NOVA SCOTIA PANEL 321 Cr-ex, (Rudderham) 1 (Johnston) I think I'm struggling A. 2 to understand the question or the point that you're 3 making. Clearly the IESO will follow the direction of the 4 Board from for our 2025/'26 Applicatio...
AI summary The text discusses the IESO's adherence to the Board's direction in its 2025/'26 and '26/'27 applications, as well as the reporting of cost category variances. It also touches on the current planning phase of IESO NS's Phase II transition.
1 the real-time dispatch operations, that timeline? 9 don't have a firm date and, therefore, I don't have what 10 are all the things that would need to happen before we 11 would get to that date. We're currently in planning. 12 Q. You'd ag...
AI summary The discussion revolves around the timeline for real-time dispatch operations and the approval of a revenue requirement and expenses for the 2026/2027 fiscal year. The aspirational date for the transition is April 2027, pending approval of a plan under the More Access to Energy Act.
IESO NOVA SCOTIA PANEL 331 Cr-ex, (Rudderham) 1 A. (Johnston) Yeah, that would be 12 more one of status and how we're progressing along. 13 Also under the More Access to Q. 14 Energy Act and I don't think we need to pull it up. 15 The sect...
AI summary The text discusses sections 75 through 85 of the More Access to Energy Act, which outline the IESO's recovery of transmission-related costs from ratepayers through a transmission tariff framework. These sections are not yet proclaimed.
IESO NOVA SCOTIA PANEL 337 Cr-ex, (Rudderham) 1 evidence is it's imminent, it's coming. My questioning 10 provisions are new and the Board is being asked to 11 implement various costs. I think just a general sense of 12 how costs might go...
AI summary The discussion revolves around the implementation of new provisions and the Board's consideration of various costs, including the transmission tariff under the More Access to Energy Act and its relationship with existing cost recovery mechanisms such as section 29 and section 30.
IESO NOVA SCOTIA PANEL 371 Cr-ex, (Rudderham) 1 Q. So this is a table of spending by 2 category for January through April 2026 that IESO NS filed 3 in conjunction with the interim relief application. And I 4 am looking specifically at the...
AI summary The text discusses a table of forecasted procurement spending by IESO NS from January to April 2026, as part of an interim relief application. The numbers are described as forecasts, not actuals, and the discussion includes a reference to unaudited financials and a potential midmorning break in the hearing.
IESO NOVA SCOTIA PANEL 387 Cr-ex, (Rudderham) 1 Oh, it do you mind just zooming out 2 because subsection (1) is on one page? 3 BY MS. RUDDERHAM: 4 Q. Can the panel see that? 5 (Johnston) (Inaudible - no A. 6 microphone). 7 Q. Why don't we...
AI summary The document is a transcript from a regulatory proceeding involving the IESO and Nova Scotia Power Inc. It discusses the interpretation of section 30(1) of a regulation related to the recovery of costs for energy resource supply contracts and administration expenses by the IESO.
IESO NOVA SCOTIA PANEL 405 Cr-ex, (Rudderham) 1 got this sort of WACC payment to Nova Scotia Power that I 2 think will more than offset that. 3 Okay. Does the IESO intend on Q. 4 including an update of that progress in their quarterly 5 re...
AI summary The discussion revolves around the IESO's intention to provide updates on a WACC payment to Nova Scotia Power, with the expectation that a separate filing will be made before the next quarterly report. The conversation also touches on financial figures related to the IESO's performance.
IESO NOVA SCOTIA PANEL 407 Cr-ex, (Rudderham) 1 Q. What I'm wondering, is that 12 incentive payments, and that the process was currently in 13 development. That's a fair summary of what the evidence 14 is? 15 (Johnston) Maybe you could A....
AI summary The discussion revolves around the development of processes and metrics to determine entitlements to bonuses and incentives for the CEO. It is noted that these processes are still in development and that objectives for determining bonuses have been submitted to the IESO Board for approval.
IESO NOVA SCOTIA PANEL 495 Questions, (Chair) 1 you get visibility to the total magnitude of costs and 13 compensation philosophy. So just in the evidence here, 14 line 30 refers to benchmarking against similar roles and 15 similar-size or...
AI summary The discussion centers on benchmarking practices used by the IESO Nova Scotia, with a focus on comparing similar organizations in Atlantic Canada. The Chair questions the relevance of including entities outside the region or of different sizes, and the response explains the challenges of finding appropriate benchmarks due to the unique size and scope of the IESO.
BROWN In-ch, (Mahody) 1 Q. So for costs, particularly of any 2 significance, realistically, no matter how imprudent you 3 were, while in theory the Board may have the ability to 4 disallow a cost for imprudence, it's not likely to be a 5 d...
AI summary The discussion focuses on the imprudence remedy in regulatory proceedings, highlighting the practical challenges of disallowing significant costs for an organization like IESO Nova Scotia, which has no alternative revenue sources. The conversation emphasizes the importance of transparent and robust cost mitigation processes to ensure regulatory compliance and avoid passing costs to ratepayers.