E-12027-2031 DSM Plan Application
13 passages
4.5 RATE AND BILL CONSIDERATIONS & RATE AND BILL IMPACT ANALYSIS (RBIA) FOR 2027–2031 E1's RBIA for the Preferred Plan demonstrates that participants in DSM benefit from bill savings. The reductions in energy use and demand achieved by par...
AI summary E1's Rate and Bill Impact Analysis (RBIA) for the Preferred Plan shows that DSM participants benefit from bill savings, with energy efficiency and demand response having positive effects on rates, and solar-PV having minimal impact. These findings are consistent with historical data from 2011 to 2026.
17 Table 2: 2023–2026 Approved Rate Class Expenditures and Results Plan as Approved ($ million) Results million) % Results to 2023-2026 Approved Plan Rate class 2023 2024 2025 2026 2023- 2026 2023 2024 2025 2023- 2025 2026 Extension 2023-2...
AI summary This table presents the 2023–2026 approved rate class expenditures and results, showing a mix of outcomes where some rate classes exceeded their approved plans while others fell significantly short, with overall results indicating a -27.6% deviation from the approved plan.
ayers (forward looking) are shown below in [Figure 1.](#page-234-0) DATE FILED: March 31, 2026 Page 3 of 23 9 2 PAC net lifetime benefits of the DSM Portfolio. Discounted using WACC. 1 Key highlights of the 2026 historical RBIA include: -...
AI summary The 2026 historical Rate and Bill Impact Analysis (RBIA) highlights the impact of Demand Side Management (DSM) programs on electricity bills in Nova Scotia. Participants in DSM programs experienced average annual bill reductions ranging from 2.8% to 12.7%, while non-participants saw bill increases of 0.5% to 2.9%. Overall, ratepayers will save over $3.2 billion between 2011 and 2041 due to energy and demand reductions from DSM programs.
10 [Table 2,](#page-248-1) below, highlights results in more detail by individual rate class for the 2026 Historical RBIA. 12 Table 2: Rate and Bill Impacts by Rate Class over the study period (2011–2041) from 2011-2026 Historical DSM 13 A...
AI summary Table 2 presents the Rate and Bill Impact Analysis (RBIA) by rate class for the 2026 Historical DSM activities, showing average rate and bill impacts from 2011 to 2041. The data highlights savings for participants and non-participants across different rate classes.
5 8. CONCLUSION - 6 Highlights from the 2027–2031 DSM Preferred Plan RBIA analysis include: - Over the 20 years of the study period, participants in DSM programs see average annual bill 8 reductions ranging from a low of 0.04 percent (aver...
AI summary The RBIA analysis for the 2027–2031 DSM Preferred Plan highlights that Nova Scotian ratepayers will save $0.4 billion over 20 years due to energy and demand reductions. The analysis shows varying bill impacts for participants and non-participants, with maximizing customer participation helping to mitigate rate impacts. The RBIA excludes non-rate-related benefits such as reduced greenhouse gas emissions and local economic investment.
DATE FILED: March 31, 2026 Page 8 of 8 Attachment 4: Results by Rate Class 2026 Historical Line# Rate and Bill Impacts of DSM on the Residential Class 1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2...
AI summary The document presents historical data on the rate and bill impacts of Demand Side Management (DSM) on the residential class from 2011 to 2055. It includes metrics such as net incremental energy savings, total annual energy savings, DSM expenditures, and participant activity over time.
DATE FILED: March 31, 2026 Page 1 of 8 Line# Rate and Bill Impacts of DSM on the Small General Class 1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2...
AI summary The document presents a table analyzing the rate and bill impacts of Demand Side Management (DSM) on the Small General Class from 2011 to 2055. It details energy savings, expenditures, participant numbers, and energy savings per participant over time, highlighting trends and changes in DSM effectiveness and participation.
DATE FILED: March 31, 2026 Page 4 of 8 Line# Rate and Bill Impacts of DSM on the Small Industrial Class 1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 203...
AI summary The document presents a detailed table showing the rate and bill impacts of Demand Side Management (DSM) on the small industrial class over several years, including energy savings, expenditures, number of participants, and average energy savings per participant. The data spans from 2011 to 2055 and includes metrics such as net incremental and total annual energy savings in gigawatt-hours, DSM expenditures in millions of dollars, and participant numbers.
21 Table 9: 2027–2031 Alternate Scenario Rate Class Savings and Expenditures 2027–2031 General (11) 2030 18.9 291.2 3.7 4.7 0.0 13.1 2031 17.0 260.3 3.4 5.3 0.0 12.8 2027-2031 134.2 2075.4 26.6 5.3 0.0 74.5 2027 6.9 93.9 0.7 4.3 0.0 2.5 20...
AI summary This table presents 2027–2031 alternate scenario rate class savings and expenditures for various customer classes, including General, Large General, Small Industrial, Medium Industrial, Large Industrial, and Municipal. It outlines savings and expenditures for each year and overall for the period, indicating trends in cost and savings across different categories.
3 27. SURVIVAL 4 27.1 Subject to the provisions of the Act, all provisions of this Agreement which by their express 5 terms or nature are continuing shall survive the expiration or termination of this 6 Agreement, including, without limita...
AI summary This section outlines that certain provisions of the Agreement will continue to apply even after its expiration or termination, including those related to the EECA DSM Resource Plan, confidentiality, indemnity, and intellectual property.
48 II. Payments In accordance with Section 4.3 of the Agreement, the monthly payments to be made by NSPI to EfficiencyOne over the Term shall be as set out below. The monthly payment amounts referred to following are exclusive of required...
AI summary NSPI is required to make monthly payments to EfficiencyOne as stipulated in Section 4.3 of the Agreement, with HST to be remitted separately.
26 Compensation 27 I. Net Contract Price 28 29 The figure below identifies the Contract Price to be paid by NSPI allocated for each year 30 of the Term.
AI summary This section outlines the Net Contract Price to be paid by Nova Scotia Power Incorporated (NSPI) for each year of the Term, as part of a compensation arrangement.
40 II. Payments In accordance with Section 4.3 of the Agreement, the monthly payments to be made by NSPI to EfficiencyOne over the Term shall be as set out below. The monthly payment amounts referred to following are exclusive of required...
AI summary The document outlines the monthly payments to be made by NSPI to EfficiencyOne under Section 4.3 of the Agreement, excluding HST, which will be remitted separately.
E-12E1 (NSEB) RIRs 1-66 - Redacted
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Table 1: Preferred Plan – Average Rate Impacts by Resource over 2027 – 2031
AI summary The text presents a table titled 'Preferred Plan – Average Rate Impacts by Resource over 2027 – 2031', which likely outlines the financial implications of different energy resources on average rates during the specified period.
E1 Responses to Nova Scotia Energy Board (NSEB) Information Requests NON-CONFIDENTIAL 1 a) N/A 2 • The aggregate bill savings are for all NS Power customers. REDACTED Date Filed: May 28, 2026 NSEB-17, Attachment 1, Page of 46 McLEAN& COMPA...
AI summary The document provides a response to Nova Scotia Energy Board (NSEB) information requests, noting that aggregate bill savings apply to all NS Power customers. The text includes a redacted section and references a filing date and attachment.
NOVA SCOTIA'S ELECTRICITY SYSTEM In 2015, Nova Scotia had an annual electricity consumption of 10,400 GWh. The residential sector accounts for 45 percent of consumption, the commercial sector uses about 32 percent, and the industrial secto...
AI summary Nova Scotia's electricity system has seen a 70% increase in retail rates over the past decade due to industrial load reduction, renewable integration, and rising fuel costs. NS Power dominates the electricity infrastructure, while the province aims to reduce coal usage and increase renewable energy by 2020. Key themes include accountability, market competition, stable rates, and innovation.
NOVA SCOTIA MARKET CHARACTERISTICS Nova Scotia has a population of approximately 950,000 people. There are just under 500,000 residential, commercial and industrial electricity accounts for NS Power. http://energy.novascotia.ca/sites/defau...
AI summary Nova Scotia has a population of around 950,000 people, with approximately 500,000 electricity accounts managed by NS Power. A reference is made to Nova Scotia's Energy Plan 2015-2020, which outlines the province's electricity strategy.
13 Our Electricity Future: Nova Scotia's Energy Plan 2015-2020, Nova Scotia Department of Energy, Available: Rate Class Number of Customer Accounts Residential 456,991 Small General Business 24,109 General Business 11,349 Large General Bus...
AI summary The document presents a table of NS Power customer accounts by rate class and references a 2014 DSM Potential Study by Navigant Consulting, along with data from EfficiencyOne and other sources like Stats Canada and ElectroFed.
Retail Prices of Electricity In Ontario, the average retail price of electricity averages between $0.10-$0.13/kWh all-in for a customer's bill. Ontario is on time-of-use rates, with the following pricing structure for the winter period (No...
AI summary The document discusses the average retail price of electricity in Ontario, ranging from $0.10 to $0.13/kWh all-in, and outlines the time-of-use pricing structure during winter and summer periods. On-peak periods in winter occur during early mornings and evenings due to space heating, while in summer, they occur in the afternoon due to space cooling.
Figure 15: Union Gas' Rates 1 Area Residential Rate (cents/m3) C&I Rate (cents/m3) Eastern ON 10.8100 10.8100 Fort Francis 10.5266 10.5266 Northern ON 10.7178 10.7178 Northwestern ON 10.6017 10.6017 Southern ON 10.8007 10.8007 1 Union Gas,...
AI summary Figure 15 presents Union Gas' residential and commercial/industrial natural gas rates across various regions in Ontario as of 2016. The rates are listed in cents per cubic meter for each area.
RATE INFORMATION 3 - Residential Customers: $0.0829/kWh (First 1,350kWh), $0.1243/kWh thereafter - Small Business: $0.1116/kWh - Medium Business: $0.1030/kWh (First 14,800kWh), $0.0719/kWh thereafter up to individual baseline - Large Busin...
AI summary The document outlines the current electricity rates for different customer categories in Nova Scotia, including residential, small business, medium business, and large business, with tiered pricing structures for higher consumption levels.
Average Retail Prices 6 Sector Retail Rate (cents/kWh) Residential 16.25 Commercial 15.62 Industrial 12.34 Table 39: Average Retail Rates California - 2014
AI summary The table presents average retail electricity prices in California for 2014, showing rates for residential, commercial, and industrial sectors.
- 4.4 million natural gas customer accounts th Quarter and full year, 2015 vs. 2014 Three Months Ende ed December 31, Twelve Months Ended December 31 2015 2014 2015 2014 Sales from Energy Deliveries (in millions kWh) 21,015 20,944 85,860 8...
AI summary The text provides statistics on natural gas customer accounts and energy sales data for PG&E, comparing figures from 2015 and 2014, including total electric and gas customers, energy deliveries, and sources of electric energy.
RETAIL ENERGY RATES Below are the 2014 electricity rates for Portland General Electric and Pacific Power and the 2014 retail natural gas rates for Oregon and Washington sourced from the U.S. Energy Information Association. These rates are...
AI summary The text provides 2014 electricity and natural gas retail rates for Portland General Electric, Pacific Power, and utilities in Oregon and Washington, sourced from the U.S. Energy Information Association. The rates include transmission and distribution costs and are presented in U.S. dollars.
2014 Retail Electricity Rates7 (cents/kWh) Portland General Electric Pacific Power Residential 11.37 11.09 Commercial 9.14 9.08 Industrial 6.46 7.37 2014 Retail Electricity Rates8 ($/Mcf) Oregon Washington Residential 11.72 10.59 Commercia...
AI summary The text provides a comparison of 2014 retail electricity rates for residential, commercial, and industrial customers in Portland General Electric and Pacific Power, as well as natural gas rates for residential, commercial, and industrial customers in Oregon and Washington. It also introduces a section on the Energy Trust of Oregon's structure and funding.
Peak Demand Electricity: 12,316 MW (2015) Gas: 1,068 MDt (2016) Electric Retail Price per kWh in 2014 for Con Ed (In Cents) Residential: 28.85 Commercial: 22.16 Industrial: 20.18 Transportation: 17.44 Retail Price per Thousand Cubic Feet i...
AI summary The text provides statistics on peak electricity and gas demand in Nova Scotia, along with electric and gas retail prices from 2014 to 2016 in New York State and Con Ed. These data points are likely used for comparative analysis in regulatory proceedings.
Figure 40: Electricity Use and Number of Customers 1 ELECTRIC - (millions of kilowatt-h ours) TOTAL SALES TOTAL SALES COMMERCIAL AND DELIVERIES DELIVERY SERVICE DELIVERY SERVICE SERVICE FOR AND DELIVERIES OFF-SYSTEM & INDUSTRIAL RAILROADS...
AI summary Figure 40 and Figure 41 provide data on electricity and gas use and the number of customers over several years, showing trends in consumption and customer numbers for different sectors such as residential, commercial, and industrial.
In Vermont, the bundled retail prices for electricity are as follows for the different utilities 3 : Entity State Ownership Customers (Count) Sales (MWh) Revenues (Thousands Dollars) Average Price (cents/kWh) City of Burlington Electric -...
AI summary The text provides bundled retail electricity prices for various utilities in Vermont, highlighting differences in average prices, customer counts, and sales across different types of utilities, such as municipal, investor-owned, and cooperative. The section also introduces 'Efficiency Vermont - Energy Efficiency Programming', indicating a focus on energy efficiency initiatives.
Figure 51: Retail Sales of Electricity (Million kilowatt-hours) 4 2012 2013 2014 2015 Retail sales of electricity (million kilowatthours) New England All sectors 120,456 121,357 119,983 119,311 ··· Residential 47,208 48,369 47,212 47,397 ·...
AI summary This chunk presents data on retail electricity sales in New England and Maine from 2012 to 2015, highlighting trends across different sectors such as residential, commercial, industrial, and transportation. The data shows fluctuations in electricity consumption over the years.
Retail Price of Electricity 100 Entity State Ownership Customers (Count) Sales (Megawatthours) Revenues (Thousands Dollars) Average Price (cents/kWh) City of Chicopee - (MA) MA Municipal 26,217 455,823 55,164.7 12.10 City of Hingham - (MA)...
AI summary The table presents data on the retail price of electricity for various entities in Massachusetts, including municipal and investor-owned utilities, with details on customers, sales, revenues, and average prices per kilowatt-hour.
Outputs Considerations for magnitude of incentive and review protocol Disclaimer This document has been prepared by KPMG LLP ("KPMG") for the internal use of EfficiencyOne ("Client") pursuant to the terms of our engagement agreement with C...
AI summary The document outlines considerations for the magnitude of incentive and review protocol, prepared by KPMG LLP for EfficiencyOne under a confidential engagement agreement. It includes disclaimers regarding the document's use and accuracy.
re po g a mo un an ( Ap lica tio n R eb s) ult ha mb ine d w ith in mb the ed in th ab le AR by in ad dit ion th bin ed ate s t t a nts e t to p res re co nu ers am ou us pr og ram e c om , , the Bo ard O ing R . O P M wi ll ed th e B rd b...
AI summary The text discusses the integration of application rebates within a program, the Board's role in overseeing the process, and potential issues with calculation methods that may lead to inaccuracies and require clarification.
E1 Responses to Nova Scotia Energy Board (NSEB) Information Requests NON-CONFIDENTIAL 1 Request IR-45: 13 (b) Why are there no values in Table 1, Table 2 or Table 3 for Real WACC? 14 15 (c) Please explain the values under Nominal WACC and...
AI summary Nova Scotia Power (E1) responded to the Nova Scotia Energy Board (NSEB) regarding the absence of Real WACC values in tables and the methodology for calculating Nominal WACC. They clarified that the Real WACC column is used only to identify the discount rate in NPV calculations and that the actual avoided energy does not vary between Nominal and Real WACC columns.
Benefits to all Nova Scotian electricity consumers through optimized electricity system costs This CIO ensures the Innovation Plan meets the ambitions of E1's corporate strategic priorities. In this plan, CIO will refer to a measurable tar...
AI summary This section outlines the Corporate Innovation Objective (CIO) framework, ensuring alignment with E1's strategic priorities. It mentions the Executive Leadership Team's (ELT) focus areas for 2025, which are aligned with E1's long-term funding strategy updated since September 2022.
7 4 In preparing this response, an error was identified in the referenced table from Appendix 5 B. Please refer to Table 2 of this IR response for the corrected table. The Average Rate 6 Impact (cents/kWh) for the Municipal rate class has...
AI summary An error was identified in the referenced table from Appendix 5 B, and the corrected table is provided in Table 2 of this IR response. The Average Rate Impact for the Municipal rate class has been revised from 0.05 to 0.03 cents/kWh.
8 Table 2: Correction of Appendix B Table 1 - Rate and Bill Impacts by Rate Class as a Result of 2027-2031 DSM 9 Preferred Plan Activities Rate Class Rate Codes Average Rate Impact (%) Average Rate Impact (cents/kWh) Participant Average Bi...
AI summary The document presents a table analyzing the rate and bill impacts by rate class resulting from the 2027-2031 DSM 9 Preferred Plan Activities. It includes a request for clarification regarding the absence of rate impact in 2027 and the diminishing but positive rate impact from 2028 to 2046, specifically in column AQ.
E-16E1 (Synapse) RIRs 1-90
30 passages
4.5.64.6.6 RATE AND BILL IMPACT ANALYSIS ENS E1 will file its historical Rate and Bill Impact Analysis (RBIA) by October 31st of each yearas part of each DSM Resource Plan. 33 The historical RBIA estimates the high-level, longterm impact t...
AI summary ENS E1 is required to file both historical and forward-looking Rate and Bill Impact Analysis (RBIA) as part of each DSM Resource Plan. The historical RBIA covers DSM activities up to the previous calendar year, while the forward-looking RBIA estimates the impact of proposed DSM activities.
4.6.6 RATE AND BILL IMPACT ANALYSIS E1 will file its historical Rate and Bill Impact Analysis (RBIA) as part of each DSM Resource Plan. [31](#page-71-2)The historical RBIA estimates the high-level, long-term impact to rates and bills of al...
AI summary E1 will file both historical and forward-looking Rate and Bill Impact Analysis (RBIA) as part of each DSM Resource Plan. The historical RBIA estimates the impact of past DSM activities, while the forward-looking RBIA estimates the impact of proposed DSM activities on rates and bills.
4.6.6 RATE AND BILL IMPACT ANALYSIS E1 will file its historical Rate and Bill Impact Analysis (RBIA) as part of each DSM Resource Plan. [43](#page-156-0) The historical RBIA estimates the high-level, long-term impact to rates and bills of...
AI summary E1 will file both historical and forward-looking Rate and Bill Impact Analysis (RBIA) as part of each DSM Resource Plan. The historical RBIA assesses the impact of past DSM activities on rates and bills, while the forward-looking RBIA estimates the impact of proposed DSM activities.
4.3.2 Cost-Effectiveness Testing E1 will apply the Board-approved cost-effectiveness test at the portfolio level under the Public Utilities Act . As directed under M12282, the PAC test is the primary screening test, using NS Power's Weight...
AI summary E1 will apply the Board-approved cost-effectiveness test at the portfolio level under the Public Utilities Act, using the PAC test with NS Power's WACC as the discount rate. Strategic electrification is evaluated using a modified PAC, and E1 must provide justification for each measure failing cost-effectiveness testing in Plan applications.
FORWARD-LOOKING INFORMATION This MD&A contains forward-looking information and statements which reflect the current view with respect to the Company's expectations regarding future growth, results of operations, performance, earnings, capi...
AI summary This section outlines forward-looking information and statements in the MD&A, including expectations regarding future financial performance, regulatory decisions, the impact of a cybersecurity incident, IT systems restoration, insurance recoveries, and business continuity. These statements are made under safe harbor provisions and reflect management's current beliefs based on available information.
America's energy commodity market. NSPI holds a 50 per cent indirect voting interest in Wasoqonatl Transmission Incorporated ("WTI"), for further details refer to the "Outlook – Developments" section. NSPI is a public utility as defined in...
AI summary NSPI operates as a regulated public utility under the Public Utilities Act in Nova Scotia, with rates approved by the NSEB. NSPI uses a Fuel Adjustment Mechanism to recover fluctuating fuel costs, and its return on equity is set within a specific range. The energy industry is seasonal, and quarterly results may not reflect annual trends.
General Rate Application ("GRA"): On September 18, 2025, NSPI filed a consensus GRA with the NSEB, reflecting a settlement agreement reached with customer representatives. The GRA proposes average annual rate increases of 1.8 per cent in 2...
AI summary NSPI filed a consensus GRA with the NSEB on September 18, 2025, proposing average annual rate increases of 1.8% in 2026 and 2.4% in 2027. The hearing concluded in January 2026, and a decision by the NSEB is expected in early Q2 2026.
Consolidated Statements of Income For the Three months ended Year ended millions of dollars December 31 December 31 2025 2024 2025 2024 Operating revenues $ 504 $ 479 $ 1,944 $ 1,855 Fuel for generation and purchased power 269 (216) 1,065...
AI summary The consolidated statements of income show operating revenues increased in 2025 compared to 2024, driven by higher fuel costs and other deferrals. Operating expenses also increased, particularly due to higher OM&G costs related to storm recovery and cybersecurity incidents. Net income decreased significantly in 2025 compared to 2024.
NSPI's operating revenues include sales of electricity and other services as summarized in the following table: Three months ended Year ended For the December 31 December 31 millions of dollars 2025 2024 2025 2024 Electric revenues $ 495 $...
AI summary NSPI's operating revenues include sales of electricity and other services, with electric revenues increasing from $467 million in 2024 to $495 million in 2025, and other revenues decreasing slightly from $12 million to $9 million over the same period.
Electric Sales Volume Three months ended Year ended December 31 For the December 31 Gigawatt hours ("GWh") 2025 2024 2025 2024 Residential 1,411 1,343 5,292 5,096 Commercial 766 763 3,084 3,046 Industrial 535 569 2,098 2,217 Other 57 57 23...
AI summary The document presents data on electric sales volume and revenues for the periods ending December 31, 2025, and 2024, showing increases in both residential and commercial sales volumes, as well as changes in electricity pricing. Industrial sales volumes decreased slightly, while other categories showed minimal changes.
Provincial Grants NSPI pays annual grants to the Province in lieu of municipal taxation other than deed transfer tax.
AI summary NSPI pays annual grants to the Province in lieu of municipal taxation, excluding deed transfer tax.
Working Capital As at December 31, 2025, NSPI's working capital increased to $567 million from $468 million in 2024 primarily due to changes in accounts receivable, changes in income taxes receivable, and changes in other current liabiliti...
AI summary NSPI's working capital increased to $567 million as of December 31, 2025, due to changes in accounts receivable, income taxes receivable, and other current liabilities. Future liquidity needs will focus on working capital, capital investment, dividends, and debt servicing, which the company expects to meet through internal cash flows and credit facilities.
Defeasance Upon privatization of the former provincially owned Nova Scotia Power Corporation ("NSPC") in 1992, NSPI was appointed to manage and administer a portfolio of defeasance securities. The securities provide principal and interest...
AI summary This section discusses the defeasance securities managed by NSPI following the privatization of NSPC in 1992. These securities, held in trust for NSPFC, provide principal and interest to match the defeased debt of NSPC, which totaled $200 million as of December 31, 2025. NSPI administers these cash flows under a Management and Administration Agreement.
Regulatory and Political Risk NSPI is subject to complex legislative and regulatory frameworks that cover material aspects of their businesses. These frameworks influence key factors such as rates and cost structures, revenue requirements,...
AI summary NSPI operates under a complex regulatory framework that influences rates, costs, and capital investments. Regulatory processes, including public hearings and approvals, are essential for changes in rates and investments. Delays or adverse regulatory decisions could lead to material financial impacts. Uncertainty around IESO Nova Scotia and potential changes in environmental legislation also pose risks.
Change in Law Risk The Company is also exposed to changes in the political environment and leadership, changes in law or regulations, changes to governmental policies, trade disputes, and the imposition of tariffs, any of which may impact...
AI summary The Company faces risks from changes in laws, regulations, and government policies, which could impact its operations, energy markets, and economic conditions. These changes may include deregulation or restructuring of the energy industry, leading to increased competition and potential unrecovered costs. NSPI cannot predict or effectively respond to such changes in a timely manner.
General Economic Risk The Company has exposure to the macro-economic conditions in Nova Scotia. Like most utilities, economic factors such as consumer income, employment and housing affect demand for electricity, and in turn the Company's...
AI summary The Company is exposed to general economic risks in Nova Scotia, including factors like consumer income, employment, and housing, which can affect electricity demand and financial results. Adverse economic conditions and inflation may hinder customers' ability to afford rate increases, leading to potential credit risks, policy shifts, and challenges in recovering costs.
Interest Rate Risk: NSPI utilizes a combination of fixed and floating rate debt financing for operations and capital expenditures, resulting in an exposure to interest rate risk. The allowed range of ROE will generally follow the direction...
AI summary NSPI uses a mix of fixed and floating rate debt, exposing it to interest rate risk. The allowed return on equity (ROE) range is influenced by interest rates, with a lag due to the regulatory process. 75% of NSPI's debt is fixed rate with an average term of 17 years. Inflation may increase operating costs, capital investment, and fuel costs relative to customer rates.
Public Health Crisis Risk An outbreak of infectious disease, a pandemic or other public health threats, or a fear of any of the foregoing, could result in a Material Adverse Effect to NSPI. This could include causing operating, supply chai...
AI summary A public health crisis, such as an infectious disease outbreak or pandemic, could lead to a Material Adverse Effect on NSPI by causing operational and project delays, labor shortages, and disruptions in supply chains. It could also impact demand for electricity, revenue, capital investments, and counterparty risk.
Counterparty Credit Risk The Company is exposed to risk related to its reliance on certain key partners, suppliers, and customers any of which may endure financial challenges resulting from commodity price and market volatility, economic i...
AI summary The Company faces counterparty credit risk due to reliance on key partners, suppliers, and customers, which may face financial challenges due to market volatility, economic instability, or regulatory changes. This risk could lead to insolvency, bankruptcy, or nonperformance, potentially resulting in significant losses.
Uninsured Risk NSPI maintains insurance to cover accidental loss suffered to its facilities, and to provide indemnity in the event of liability to third parties. A significant portion of NSPI's transmission and distribution assets are not...
AI summary NSPI insures some of its assets but leaves a significant portion of its transmission and distribution assets uninsured due to high costs. It also has deductibles and self-insured retentions. Uninsured claims or claims exceeding coverage could lead to a Material Adverse Effect if regulatory recovery is not available.
SUMMARY OF QUARTERLY RESULTS For the quarter ended Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 millions of dollars 2025 2025 2025 2025 2024 2024 2024 2024 Operating revenues $ 504 $ 405 $ 436 $ 599 $ 479 $ 399 $ 423 $ 554 Net income $ 22 $ 3 $ 6 $ 110 $ 71 $...
AI summary Quarterly operating revenues and net income are influenced by seasonality, with the first quarter typically being the strongest due to colder weather and fewer daylight hours. Weather patterns, including the frequency and severity of storms, also impact energy demand and service costs.
Management's Discussion & Analysis As at May 8, 2026 Management's Discussion & Analysis ("MD&A") provides a review of the results of operations of Nova Scotia Power Inc. during the first quarter of 2026 relative to the same quarter in 2025...
AI summary This section of the document outlines the Management's Discussion & Analysis for Nova Scotia Power Inc. for the first quarter of 2026, providing an overview of financial performance and position relative to the same period in 2025. It notes that accounting policies are subject to the approval of the Nova Scotia Energy Board and highlights the use of USGAAP for financial reporting.
DEVELOPMENTS Significant updates from those disclosed in the 2025 annual MD&A are included below.
AI summary The section outlines significant updates from the 2025 annual Management's Discussion and Analysis (MD&A), highlighting key developments relevant to the proceeding.
Significant changes in the Condensed Consolidated Statements of Cash Flows between the three months ended March 31, 2026 and 2025 include: millions of dollars 2026 2025 Change Cash, beginning of period $ - $ - $ - Provided by (used in): Op...
AI summary The Condensed Consolidated Statements of Cash Flows show significant changes between the three months ended March 31, 2026 and 2025, including a decrease in operating cash flow before change in working capital and a substantial drop in cash from operating activities.
SUMMARY OF QUARTERLY RESULTS For the quarter ended Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 millions of dollars 2026 2025 2025 2025 2025 2024 2024 2024 Operating revenues $ 612 $ 504 $ 405 $ 436 $ 599 $ 479 $ 399 $ 423 Net income $ 74 $ 22 $ 3 $ 6 $ 110 $...
AI summary Quarterly operating revenues and net income are influenced by seasonality, with the first quarter typically being the strongest due to colder weather and fewer daylight hours. Weather patterns, including the number and severity of storms, impact energy demand and service costs.
Q4 2025 compared to Q4 2024 Q4 2025 net income decreased by $49 million compared to Q4 2024. The decrease is due to lower income tax recovery and increased OM&G expenses. Income tax recovery decreased due to the utilization of tax loss car...
AI summary Q4 2025 net income decreased by $49 million compared to Q4 2024, primarily due to lower income tax recovery and increased OM&G expenses from higher storm restoration and cybersecurity incident costs.
Table 1: 2023–2026 Approved Rate Class Expenditures and Results, with variance calculations as Appro ($ million Results ($ million) Variance of annual results to that year's Plan as Approved (%) % Results to 2023-2026 Approved Plan Rate cl...
AI summary Table 1 presents the 2023–2026 approved rate class expenditures and results, including variance calculations. It details expenditures and results across various rate classes, showing variances between planned and actual outcomes for each year and the overall period.
14 Table 1: Rate and Bill Impacts by Rate Class as a Result of 2027–2031 DSM Preferred Plan Activities with 15 Participation Rate Class Rate Codes Average Rate Impact (%) Average Rate Impact (cents/kWh) Participant Average Bill Impact Non...
AI summary Table 1 outlines the rate and bill impacts by rate class as a result of the 2027–2031 DSM Preferred Plan activities with 15% participation. The data shows varying impacts across different rate classes, with the residential class showing the largest negative bill impact for participants.
18 In preparing this response, an error was identified in the referenced table from Appendix B. The 19 Average Rate Impact (cents/kWh) for the Municipal rate class has been revised from 0.05 to 0.03 20 in Table 1 of this response.
AI summary An error was identified in the referenced table from Appendix B, and the Average Rate Impact for the Municipal rate class has been revised from 0.05 to 0.03 cents/kWh in Table 1 of the response.
- 17 In preparing this response, an error was identified in the referenced table from Appendix B. The - 18 Average Rate Impact (cents/kWh) for the Municipal rate class has been revised from 0.34 to 0.32 - 19 in Table 1 of this IR response.
AI summary An error was identified in a referenced table from Appendix B, leading to a revision of the Average Rate Impact for the Municipal rate class from 0.34 to 0.32 cents/kWh in Table 1 of the IR response.