Topic:"Reasonableness Review" in M12588

3.2.1.1 Findings [52] The Board's consideration of capital projects should be undertaken before a utility proceeds with any capital work that requires an expenditure above the relevant statutory thresholds in the Public Utilities Act . The...

AI summary The Board emphasizes that capital projects requiring expenditures above statutory thresholds under the Public Utilities Act must be reviewed before approval. NS Power often lists projects for 'subsequent approval' in its ACE Plan filings, which are expected to be submitted later. The Board acknowledges differences in cost estimates between ACE Plans and capital applications but does not require routine reconciliations, reserving the need for such information on a case-by-case basis.

3.2.1.1 Findings [52] The Board's consideration of capital projects should be undertaken before a utility proceeds with any capital work that requires an expenditure above the relevant statutory thresholds in the Public Utilities Act . The...

AI summary The Board emphasizes that capital projects exceeding statutory thresholds under the Public Utilities Act must be reviewed before implementation. NS Power often lists projects for 'subsequent approval' in its ACE Plan filings, with less developed cost estimates. The Board acknowledges this but notes that significant variances in cost estimates may raise concerns about reasonableness, requiring explanations on a case-by-case basis.