N-1Affiliate Code of Conduct 2025 Report - Redacted
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19 Figure 3: Comparison of Transactions Between NS Power and NSPML in 2025 Category NS Power Provided to NSPML, $ NSPML Provided to NS Power, $ Goods & Services (Contracted Amounts) 184,934,091 20 Rentals Labour & Expenses 165,910 21 Corpo...
AI summary The text presents a table comparing financial transactions between NS Power and NSPML in 2025, including categories such as goods & services, rentals, and corporate transactions. It also references Board orders M11791 and M11902, which approved refund terms related to the NS Power Maritime Link Incorporated 2025 Revenue Requirement and Cost Assessment Application.
Nova Scotia Power Incorporated Entity List Entity Number Entity Percentage Owned by Emera or Other Affiliate Registered Address Nature of Business 2 Nova Scotia Power Incorporated 100% owned by Emera Incorporated 1223 Lower Water St. P.O....
AI summary The document lists entities affiliated with Nova Scotia Power Incorporated, including ownership details, registered addresses, and business nature. Key entities include Nova Scotia Power Incorporated and Emera Utility Services, both fully owned by Emera. Officers and their titles are also listed.
Nova Scotia Power Incorporated Entity List Valerie C. Strickland Tax Officer Judy A. Steele President and Chief Operating Officer Jessie Irving Vice-President Entity Entity Percentage Owned by Emera or Registered Address Nature of Business...
AI summary The document lists entities and officers associated with Nova Scotia Power Incorporated, including Emera Energy Agency No. 8 and No. 9 Incorporated, both 100% owned by Emera Incorporated. These entities are single-purpose and hold capacity contracts on the Maritimes & Northeast Pipeline.
Appendix C 2025 Utility Performance Report Category Measure 2025 2024 2023 Notes that allow NS Power to maintain a low cost of capital to the benefit of customers. Earnings reported are NS Power legal entity results (i.e. before adjustment...
AI summary The 2025 Utility Performance Report highlights that NS Power's net earnings were below the approved ROE range, with operating expenses increasing due to higher customer operations costs. Customer satisfaction dropped to 65% in 2025 from 69% in 2024.
Date Nova Scotia Power Energy Marketing Inc. (NSPEMI) Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 1S-25 1S NG Sale Sale Pricing Exception Jan-25 Nova Scotia Power Energy Marketing Inc. (INSPEMI) 2P-48 2P NG Purchase (transport...
AI summary The document outlines several pricing exceptions related to natural gas and power transactions by Nova Scotia Power Energy Marketing Inc. (NSPEMI), with the Nova Scotia Energy Board (NSEB) having approved Pricing Exception (M08911). These transactions follow a flow-through pricing protocol based on market prices.
Appendix 10(b): NSPI 2025 Statistical Allocator M&A Group Statistical Allocator January Allocator February Allocator March Allocator April Allocator May Allocator June Allocator July Allocator August Allocator September Allocator October A...
AI summary This appendix presents the statistical allocator percentages for various M&A groups across different months, showing the distribution of licenses, hours, insurance premiums, and full-time equivalents. The data reflects consistent allocations for some categories, while others show slight variations.
2025 Affiliate Code of Conduct Report Appendix H Page 2 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance 1.1 Purpose The purpose of the Code is to ensure that: (a) NS Power only enters into Affilia...
AI summary This section outlines the purpose of the Code of Conduct for Affiliate Transactions, emphasizing that NS Power must ensure all such transactions are in the best interest of its customers through sound analysis and proper documentation as per sections 6.2 and 7.1 of the Code.
2025 Affiliate Code of Conduct Report Appendix H Page 20 of 35 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Code Sections NS Power Employee Guidance Section 18.0 of the CAM outlines the control procedures related to the budget process. 6.3...
AI summary This section of the 2025 Affiliate Code of Conduct Report discusses Section 18.0 of the Code of Conduct and Affiliate Management (CAM), which outlines control procedures related to the budget process. It also references pricing exceptions for utility services, where NS Power will only charge approved tariff rates.
103303NSEB (NSPI) IR-1 to IR-9
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Request IR-4: - Appendix D(12) includes a $523,437 charge from Emera to NS Power relating to a McKinsey Invoice for an "AI Transformation Strategy". - a) Please describe the scope and deliverables of this engagement. - b) Please explain wh...
AI summary Appendix D(12) includes a charge from Emera to NS Power for an AI Transformation Strategy engagement by McKinsey. The request seeks clarification on the scope, cost allocation, and procurement process.
Request IR-6: - Appendix E reports that NS Power's charges to Tampa Electric decreased from $4.75 million in - 2024 to $0.37 million in 2025. - a) What is driving the decrease? - b) Please identify the projects or services that ended, tran...
AI summary Appendix E indicates a significant decrease in NS Power's charges to Tampa Electric from $4.75 million in 2024 to $0.37 million in 2025. The request seeks to understand the factors behind this decline and identify specific projects or services that ended, transferred, or experienced a major decline.
Request IR-8: - With reference to Appendix I: - a) Please Identify agreements that were amended, renewed, terminated or expired since the 2024 report. - b) Please identify agreements whose pricing provisions have not been reviewed or updat...
AI summary Request IR-8 asks for the identification of agreements that have been amended, renewed, terminated, or expired since the 2024 report, as well as those whose pricing provisions have not been reviewed or updated in the past five years.