[[email protected]](mailto:[email protected]) Credit Ratings Obligation Rating Rating Action Trend Issuer Rating BBB (high) Confirmed Stable Unsecured Debentures & Medium-Term Notes BBB (high) Confirmed Stable Commercial...
AI summary The credit ratings for Nova Scotia Power remain stable, with a BBB (high) rating for issuer ratings and unsecured debentures. A positive rating action could occur if the regulatory process for the next GRA is free of interference, the NSIESO is established, and key credit metrics align with an 'A' rating category.
Environmental Regulation - In October 2017, the Province passed amendments to the Environment Act for the development of a cap-and-trade program for carbon emissions, which became effective on January 1, 2019. - In July 2021, the Province...
AI summary Nova Scotia implemented a cap-and-trade program for carbon emissions in 2019 and mandated 80% renewable electricity sales by 2030. The province also phased out coal-fired generation by 2030 and entered into an Equivalency Agreement with the federal government. NSPI faced a $10 million penalty for noncompliance with the RER and appealed it. The province also introduced the 2030 Clean Power Plan and enacted the Energy Reform (2024) Act, which includes the establishment of the NSIESO.
Page 12 of 13 Assessment of Regulatory Framework Page 12 of 13 Criteria Score Analysis Page 12 of 13 1. Deemed Equity Page 12 of 13 Page 12 of 13 Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an act...
AI summary The document evaluates the regulatory framework for NSPI, highlighting aspects such as deemed equity, allowed ROE, fuel cost recovery, and political interference. Bill 212 is noted for capping equity and ROE, introducing volatility, and limiting rate increases. The NSUARB's role in auditing fuel costs and disallowing some recovery is also discussed.