N-82026-2027 GRA Appendix 9-13
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DESCRIPTION: This project consisted of building a new transmission line (L6613) which replaced the adjacent line (L6513) for a designed operating temperature of 100˚C with a summer rating of 320 MVA and a winter rating of 363 MVAutilizing...
AI summary NS Power seeks approval for a transmission line replacement project (L6613) to support the Maritime Link project, upgrading capacity from 50°C to 100°C operating temperatures and enhancing substation protections. The project was initially denied by NSUARB in 2015 and is now resubmitted as part of a General Rate Application.
This project was originally submitted to the NSUARB on April 24, 2015. The UARB provided its Decision on September 24, 2015 and did not approve it at that time. NS Power is resubmitting this project for the Board's approval as part of the...
AI summary A project initially submitted to the NSUARB in 2015 was not approved and is now being resubmitted by NS Power as part of a General Rate Application for the Board's approval.
This project was originally submitted to the NSUARB on November 14, 2014. The NSUARB provided its Decision on April 27, 2015 and did not approve the Project at that time. NS Power is resubmitting this project for the Board's approval as pa...
AI summary The project was initially submitted to the NSUARB in 2014 but was not approved. NS Power is now resubmitting the project as part of its General Rate Application for the Board's approval.
5 D. Report Organization 6 The remainder of the report is organized as follows: Section II discusses the legal requirements 7 and regulatory precedents for the determination of a fair rate of return. Section III provides an 8 overview of e...
AI summary The document outlines the structure of the report, detailing sections that cover legal requirements, economic conditions, proxy group company selection, methods for estimating return on equity (ROE), capital structure assessment, and overall conclusions and recommendations.
nergy Board) v. Ontario Power Generation Inc. 2015 SCC 44, at para 16. 5 (262 U.S. 679, 693 (1923)).
AI summary The text references a Supreme Court of Canada case from 2015, which discusses the fair return standard in regulatory proceedings. It also includes a citation to a U.S. Supreme Court case from 1923 and mentions images on page 38.
17 B. The Stand-Alone Principle The Stand-Alone Principle provides that the utility must be regulated as if it were a stand-alone entity, raising capital on the merits of its own business and financial characteristics. In this way, capital...
AI summary The Stand-Alone Principle requires utilities to be regulated as independent entities, ensuring capital is allocated based on their unique risk profiles and financial characteristics. NSPI, part of the Emera corporate structure, must compete for capital with other subsidiaries, such as Tampa Electric Company, which has a different authorized return on equity and common equity ratio.
Despite the recent tariff tensions, the magnitude and significance of trade between the two countries reflects the high degree of integration between the two economies. According to the U.S. Department of State: "The United States and Cana...
AI summary The text highlights the strong economic integration between Canada and the U.S., citing high levels of trade and similar macroeconomic indicators. It emphasizes that the economic and investment environments of both countries are comparable, influencing the cost of capital analysis and the selection of proxy companies for evaluation.
percent) were either U.S. electric or U.S. gas utilities (or both). In addition, several of the Canadian companies in the AUC's comparator group have significant U.S. operations, including Emera, Fortis, and Algonquin Power. In Ontario, th...
AI summary The text discusses the use of U.S. proxy group data in determining the cost of capital for Canadian utilities, noting challenges in finding truly comparable companies due to structural and risk differences. It references the OEB's 2009 decision and the NEB's TQM decision, which support the use of North American proxy groups despite these challenges.
Canada 5.68% United States 7.17% Average 6.43% We have previously used an average of forward-looking and historical MRPs in Canada, which was the approach taken by the BCUC in its September 2023 decision for FortisBC. In order to be consis...
AI summary The text references the use of an average of forward-looking and historical MRPs in Canada, as applied by the BCUC in its September 2023 decision for FortisBC. It notes that this approach has been used previously and is consistent with recent practices in Canada.
e ten jurisdictions examined, seven have 25 historically granted the 50-basis point adjustment. Only Quebec deviates from 50 basis points by 1 allowing 30 to 40 basis points, and Manitoba and Saskatchewan, which have only Crown utilities,...
AI summary The text compares financing and flexibility adjustments across various jurisdictions, noting that seven out of ten historically granted a 50-basis point adjustment. Quebec, Manitoba, and Saskatchewan deviate from this norm. Nova Scotia's Board did not specify if flotation costs were included in the authorized ROE for Nova Scotia Power. The BCUC and OEB have made different decisions regarding flotation costs and financing flexibility.
c. Comparison to Other Investor-Owned Utilities As explained in Section IV, we selected proxy groups consisting of Canadian, U.S. Electric, and North American Electric utilities for purposes of establishing our ROE recommendation for NSPI....
AI summary The document compares NSPI's deemed common equity ratio of 40.0% with other investor-owned electric utilities in Canada and the U.S. It notes that NSPI's ratio is in line with most Canadian utilities but lower than the average of 52.0% for U.S. integrated electric utilities, attributing the difference to NSPI's higher business risk as an integrated utility.
1 e. Change in NSPI's Credit Rating Since 2021 S&P Global downgraded NSPI by two notches to BBB- from BBB+ in February 2023, 2 [65](#page-88-0) and DBRS Morningstar downgraded NSPI to BBB (high) from A (low) in December 2022.[66](#page-88-...
AI summary S&P Global downgraded NSPI's credit rating in 2023 and 2022 due to concerns over political intervention and regulatory changes, including caps on base rate increases and return on equity. The rating agency also cited risks related to coal-based generation and limited financial cushion, though it reaffirmed the BBB- rating in 2024 with a negative outlook.
4 e. Operating Risks 5 One of the most important operating risks for NSPI is weather-related service disruptions. The 6 Company's service territory is characterized by severe ice storms and wind conditions, including 7 tropical storms and...
AI summary NSPI faces operating risks from severe weather-related service disruptions and the impact of the Energy Reform (2024) Act. The company seeks to continue a storm rider to recover costs from weather events and anticipates changes in regulation and operations due to the new legislation, which may introduce uncertainty for investors.
21 f. Recovery of Fuel and Purchased Power Costs NSPI recovers prudently incurred increases and/or decreases in its cost of fuel outside of general rate proceedings through periodic adjustments to customer rates via its Fuel Adjustment Mec...
AI summary NSPI uses a Fuel Adjustment Mechanism (FAM) to recover prudently incurred fuel and purchased power costs outside general rate proceedings. The mechanism was approved in 2007 with conditions, including external audits every two years. Credit rating agencies have raised concerns about the FAM's design, including regulatory lag and deferred fuel costs, which may increase customer bill pressures.
h. Regulatory Risk 2 There have been decisions by the UARB where operating and capital costs have been disallowed. 3 Cost disallowances are always within the scope of utility regulation, but in Concentric's 4 experience, significant disall...
AI summary The text discusses regulatory risks faced by Nova Scotia Power Inc. (NSPI), including cost disallowances by the Utility and Review Board (UARB), such as the 2018 AMI decision and treatment of operating expenses. It also mentions the impact of amortizing costs from Hurricane Fiona and penalties under the Public Utilities Act.
i. Political Risk NSPI is also subject to significant political risk, as evidenced by the legislation that was passed following the hearing in the previous GRA but prior to the UARB's order, when the Provincial government placed a cap on t...
AI summary NSPI faces significant political risk due to provincial legislation capping its authorized ROE and equity ratio, as noted by DBRS and S&P Global. This intervention raises concerns about cost recovery and ROE, increasing the company's cost of capital and negatively impacting both customers and the utility.
b. Recovery of Fuel and Purchased Power Costs NSPI is the only Canadian investor-owned electric utility that owns significant regulated generation, and the Company has an annual FAM. While the FAM includes an incentive component whereby NS...
AI summary NSPI, the only Canadian investor-owned electric utility with significant regulated generation, has a fuel adjustment mechanism (FAM) with an incentive component suspended due to regulatory and legislative actions. The document compares NSPI's cost recovery practices with those of other Canadian utilities, noting differences in mechanisms and risk profiles.
5 d. Regulatory Environment 6 UBS ranks regulatory jurisdictions in the U.S. and Canada for purposes of determining whether 7 to apply valuation discounts or premiums to the utility stocks it covers. Specifically, UBS places 8 regulatory j...
AI summary Nova Scotia's regulatory environment is ranked in tier three by UBS, with low credit supportiveness according to S&P Global. DBRS Morningstar also rates it poorly, noting declines in political interference and rate freeze ratings since 2020.
5. Risk Analysis Conclusions - 4 Based on the results of the financial and business risk analyses discussed throughout this report, 5 Concentric concludes that: - NSPI's generation ownership distinguishes the Company from other investor-ow...
AI summary Concentric concludes that NSPI's business risk remains elevated due to environmental compliance requirements and regulatory challenges. The company faces higher risks compared to other Canadian and U.S. utilities, including failure to achieve authorized ROE and regulatory lag from the FAM audit process.
2026-2027 GRA Direct Evidence Appendix 10A Page 85 of 87 COST OF CAPITAL REPORT PREPARED FOR NOVA SCOTIA POWER INC. 1 2027. Absent approval of this proposal, NSPI has higher risk relative to the proxy groups 2 on this factor. 3 • The finan...
AI summary The document discusses the financial risk profile of Nova Scotia Power Inc. (NSPI) and recommends increasing its deemed common equity ratio to 45.0 percent, aligning it with Canadian electric utilities. NSPI, however, prefers to maintain its current 40.0 percent ratio, citing the need for a supportive regulatory environment to access capital during its transition toward environmental goals.
Opt-Out Meter Reading via External Contractor Resources NS Power provided a full update on the RFP as part of its General Rate Application (GRA) M10431, [4](#page-131-0) and has provided further details to address each of the findings outl...
AI summary NS Power provided an update on the RFP as part of its General Rate Application (GRA) M10431 and addressed findings from the Board's M10431 Decision in Appendix 13A of the Company's Direct Evidence in the 2026-2027 GRA.
N-92026-2027 GRA Appendix 12 A-C - Cost of Service Study Process - Redacted
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1 1.0 INTRODUCTION 2 3 In the Nova Scotia Energy Board's (NSEB, Board) decision on Nova Scotia Power Inc's NS - 4 Power, Company) general rate application (GRA), dated February 2, 2023, the Board approved a - 5 settlement agreement requiri...
AI summary The Nova Scotia Energy Board (NSEB) mandated Nova Scotia Power Inc. (NS Power) to update its Cost of Service Study (COSS) by December 31, 2025, reflecting developments like renewable integration and grid-scale storage. NS Power submitted the application after stakeholder collaboration, with unresolved issues identified despite extensive input from advocates and industry groups.
- 4 to be consultative in nature, undertaken through a comprehensive stakeholder process facilitated - 5 by an expert COS consultant. NS Power retained Elenchus Research Associates Inc. (Elenchus) as - 6 its expert consultant at the end of...
AI summary NS Power conducted a consultative process in 2024 with stakeholders to address the Cost of Service (COS) treatment, facilitated by Elenchus and mediated by Bruce Outhouse. The process included technical conferences, resolution sessions, and extensive data exchange, resulting in multiple appendices with models, DR responses, and other supporting documents.
Cost of Service Study Redacted - 1 service to which it was classified. The current Board-approved DDA COSS treatment is the - 2 appropriate scenario to consider as part of this COSS proceeding, and it would be premature to - 3 speculate on...
AI summary The document argues that the current Board-approved DDA COSS treatment is the appropriate scenario for the proceeding, with future scope changes requiring regulatory approval. NS Power's written response, dated November 1, 2024, and referenced in Appendix 12A(5), supports this position.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 10 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475)
AI summary This section of the 2026-2027 General Rate Application (GRA) Direct Evidence Appendix references the Cost of Service Study Process as outlined in the Nova Scotia Utility and Regulatory Board (NSUARB) matter M11475.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 18 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475)
AI summary This document refers to the Cost of Service Study Process under the NSUARB M11475 matter. It is part of the 2026-2027 GRA Direct Evidence Appendix 12A(1), which includes redacted confidential information.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 23 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475)
AI summary The document references a Cost of Service Study Process under NSUARB M11475, which is part of the 2026-2027 GRA Direct Evidence Appendix 12A(1). The content is redacted, indicating that confidential information has been removed.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 27 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475)
AI summary This document references the Cost of Service Study Process as part of the NSUARB M11475 proceeding, indicating that the process is being reviewed or analyzed within the regulatory context.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 40 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED)
AI summary The document is a redacted page from a regulatory proceeding, specifically Appendix 12A(1) of the 2026-2027 GRA Direct Evidence. It is part of a larger set of materials submitted to the Nova Scotia Utility and Review Board (NSUARB) and includes confidential information that has been removed.
2026-2027 GRA Direct Evidence Appendix 12A(1) Page 43 of 46 REDACTED (CONFIDENTIAL INFORMATION REMOVED) CONCENTRIC EVIDENCE: GRA COSS ELEMENTS - Fourth, Resource Insight does not provide any logic, evidence or argument regarding what alloc...
AI summary The text critiques Resource Insight's recommendations regarding cost allocation methodologies, arguing that they lack logic and evidence, and could lead to instability in cost allocation and rate design. The critique emphasizes the importance of following precedents and maintaining rate stability.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 6 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to CA Data Requests
AI summary This section of the document outlines the Cost of Service Study Process referenced in NSUARB M11475, specifically detailing NSPI's responses to CA Data Requests. It is part of a larger, partially confidential proceeding related to the 2026-2027 GRA.
COSS CA DR-8 Attachment 1 Page 12 of 30 Message Time Advisory LIIR T and C Sat 4-Dec-21 17:06 Advisory Cancellation LIIR T and C Sat 4-Dec-21 21:59 Alert Cancellation GRLF and Shore Sat 4-Dec-21 22:00 Alert Cancellation LIIR Sat 4-Dec-21 2...
AI summary The text presents a log of various advisories, alerts, and interruptions related to LIIR (likely a system or service) and GRLF (likely another system or service) from December 2021 to January 2022, including messages about cancellations, restorations, and team-specific interruptions. This appears to be part of a regulatory proceeding's evidence related to the 2026-2027 GRA (likely a regulatory authority or program).
COSS CA DR-8 Attachment 1 Page 16 of 30 Message Time Alert LIIR Mon 14-Mar-22 8:03 Alert Cancellation LIIR Mon 14-Mar-22 12:06 Advisory Cancellation GRLF and Shore Mon 14-Mar-22 12:07 Advisory Cancellation LIIR T and C Mon 14-Mar-22 12:07...
AI summary This document contains a log of alerts and advisories related to flood and integrated resource events, including LIIR (Lighthouse Island Integrated Resource) and GRLF (Grand River Lowland Flood), spanning multiple dates from March 2022 to August 2022. It also references a partially confidential appendix from a 2026-2027 GRA Direct Evidence filing.
COSS CA DR-8 Attachment 1 Page 22 of 30 Message Time Alert LIIR Cancellation Thu 22-Dec-22 20:09 Alvisory LIIR Cancellation Thu 22-Dec-22 20:12 Advisory LIIR Thu 5-Jan-23 16:18 Alert LIIR Thu 5-Jan-23 17:05 Alert LIIR Cancellation Thu 5-Ja...
AI summary The text presents a series of LIIR (Load Interruption and Interruption Request) alerts and cancellations over a period of time, with dates and times recorded. It also references a partially confidential appendix from a regulatory proceeding related to GRA (likely a regulatory matter or acronym) for the 2026-2027 period.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to CA Data Requests
AI summary The document pertains to the Cost of Service Study Process under NSUARB M11475, with NSPI providing responses to data requests from the Commission for Approvals (CA). The content reflects the regulatory process and data exchange related to the study.
COSS CA DR-9 Attachment 1 Page 627 of 627 Start Time End Time ANL_MW 12/31/2023 21:00 12/31/2023 22:00 1446.2 12/31/2023 22:00 12/31/2023 23:00 1461.6 12/31/2023 23:00 1/1/2024 0:00 1443.1 PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Eviden...
AI summary The text includes a table showing ANL_MW values for specific time intervals and references a partially confidential appendix from a regulatory proceeding related to GRA Direct Evidence for the years 2026-2027.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 718 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS CA DR-22 Attachment 1 Page 1 of 1
AI summary This document is a partially confidential appendix from the 2026-2027 GRA Direct Evidence, specifically COSS CA DR-22 Attachment 1. It is part of a larger regulatory proceeding and contains information related to the Cost of Service Study (COSS).
6 (c-d) The Net Salvage Rates for each asset class is included in the table below. NS Power is 7 undertaking a depreciation study, required to be filed in advance of the next GRA 8 proceeding, and expects that depreciation rates associated...
AI summary The document mentions that NS Power is conducting a depreciation study, which is required to be filed before the next GRA proceeding, and that depreciation rates for various asset classes are expected to be updated through that proceeding.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to CA Data Requests 1 Request DR-33: 2 3 Please explain whether electrical wiring inspection costs would be greater for larger 4 customers, and if not, why not. 5 6 Response DR-3...
AI summary NSPI explains that electrical wiring inspection costs are determined by the installation value of the job, with larger installations incurring higher permit fees. Inspection costs are recovered through Regulation 7.2 – Schedule of Wiring Inspection Fees.
COSS CA DR-43 Attachment 1 Page 2 of 3 PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 769 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) REGULATION Page 14
AI summary The text references a partially confidential attachment from a 2026-2027 General Rate Application (GRA) Direct Evidence Appendix 12A(2), which is part of a regulatory proceeding. The document is labeled as 'REGULATION Page 14' and includes redacted confidential information.
NON-CONFIDENTIAL - 1 One possible option to be explored is moving to a more simple assessment as some utilities do, - 2 by assigning constant loss percentages to each customer class, regardless of the hour. This - 3 would make the process...
AI summary The text discusses a potential simplification of the Cost of Service Study (COSS) process by using constant loss percentages for customer classes, regardless of the hour, to improve transparency and efficiency. It references a partially confidential document and a regulatory proceeding related to the Generation and Resource Assessment (GRA).
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 797 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2022-2024 GRA SR-01 Attachment 1a Page 7 of 12 COSS CA DR-53 Attachment 1 Page 7 of 62 Rate Base Exhibits 2,...
AI summary This document outlines the methodology used in the Nova Scotia Power Cost of Service Study for the 2022-2024 period, including the allocation of rate base to customer classes. It references the 2005 NSUARB decision and includes exhibits detailing net plant investment, allocation factors based on demand, energy sales, and customer numbers.
NON-CONFIDENTIAL DR Type of Data Reason Unavailable CA DR-54 Studies or analysis of drivers of customer service costs by class NS Power has not conducted any studies or analyses of the drivers of customer service cost by class in the recen...
AI summary The document outlines data requests and responses related to customer service costs, system studies, and outage data, with NS Power indicating that certain information is not available or not tracked. These responses are part of a regulatory proceeding involving a General Rate Application.
Calculations of Attachments per Pole - In his evidence, Mr. Briggs disputes the use of the pole attachment ratio of 1.31 used by the Company - in the pole attachment fee calculati[ons](#page-181-1). 31 The Company has calculated the pole a...
AI summary Mr. Briggs disputes the use of all poles as the denominator in calculating the pole attachment ratio, arguing that only poles with attachments should be considered. The Company defends the use of all poles, citing the New Brunswick Energy and Utilities Board's 2015 decision, which supports this approach to account for the investment in joint-use poles and their availability to third parties.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 970 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to CA Data Requests
AI summary The document outlines the Cost of Service Study Process under NSUARB M11475, including NSPI's responses to data requests from the Commission. This relates to the regulatory process and involves the Nova Scotia Utility and Review Board.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 981 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) COSS CA DR-88 Attachment 3 Page 1 of 9
AI summary This document is a partially confidential appendix from a regulatory proceeding, containing a figure referenced in COSS CA DR-88 Attachment 3. It appears to be part of a larger set of evidence related to the 2026-2027 GRA (likely a regulatory application or proceeding).
NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF: The Public Utilities Act, R.S.N.S. 1989, c.380 as amended IN THE MATTER OF: An Application by Nova Scotia Power Incorporated for Approval of Certain Revisions to its Rates, Charges and...
AI summary This document pertains to an application by Nova Scotia Power Incorporated under the Public Utilities Act for approval of revisions to its rates, charges, and regulations.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1046 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to IG Data Requests
AI summary This document outlines the Cost of Service Study Process under NSUARB M11475, with NSPI providing responses to data requests from Independent Generators. It relates to regulatory processes involving cost analysis and stakeholder engagement.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to MEU Data Requests 1 Request DR-1: 2 3 Information requests were made of NS Power by James MacDuff on behalf of the MEUs in 4 his e-mail "CTD with Elenchus consensus summary fo...
AI summary The MEUs have requested information from NS Power regarding the alignment of cost of service treatment for bundled and unbundled services in RtR and wholesale markets, including OATT and riders. NS Power has not yet provided the requested analysis, which the MEUs believe is essential for the integrated COSS review process.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1049 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to MEU Data Requests
AI summary This document outlines the Cost of Service Study Process as part of the NSUARB M11475 proceeding, focusing on NSPI's responses to data requests from the Market Efficiency Unit.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1053 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to MEU Data Requests
AI summary This section of the document outlines the Cost of Service Study Process under NSUARB M11475 and includes NSPI's responses to data requests from the Market Efficiency Unit (MEU). The content is part of the 2026-2027 GRA Direct Evidence Appendix.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1062 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests
AI summary This document outlines the Cost of Service Study Process under NSUARB M11475 and includes NSPI's responses to PHP Data Requests, indicating a regulatory proceeding focused on cost analysis and data provision.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1069 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests
AI summary This document outlines NSPI's responses to PHP data requests in the context of the Cost of Service Study Process under NSUARB M11475. It provides information relevant to the regulatory analysis of Nova Scotia Power Inc.'s operations and financial considerations.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests 1 from the total non-fuel revenue requirement applicable to the above-the-line (ATL) rate COSS PHP DR-12 Confidential Attachment 7 has been removed due to co...
AI summary The document outlines NSPI's responses to PHP data requests related to the Cost of Service Study (COSS) process under NSUARB M11475. Confidential Attachment 7 from COSS PHP DR-12 has been removed due to confidentiality.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1089 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests
AI summary This document outlines NSPI's responses to data requests from the PHP as part of the Cost of Service Study Process under NSUARB M11475. It is part of the 2026-2027 GRA Direct Evidence Appendix.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests
AI summary This document outlines the Cost of Service Study Process under NSUARB M11475, with NSPI providing responses to data requests from the Public Health Program. It highlights the interaction between regulatory bodies and utility companies during the regulatory process.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1095 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to PHP Data Requests
AI summary The document outlines NSPI's responses to data requests from the Public Health Program (PHP) under the Cost of Service Study Process (NSUARB M11475) as part of the 2026-2027 GRA Direct Evidence Appendix.
Cost of Service Classification of the Maritime Link Strawman Report January 6, 2017 COSS PHP DR-20 Attachment 1 Page 2 of 11 PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1098 of 1218 REDACTED (CONFIDENTIAL INFO...
AI summary This document is a partially confidential attachment from a cost of service study related to the Maritime Link, submitted as part of a 2026-2027 General Rate Adjustment proceeding. It includes a strawman report and is labeled as direct evidence in a regulatory process.
1 1.0 INTRODUCTION - 3 On March 7, 2016, Nova Scotia Power Inc. (NS Power or Company) filed an application with - 4 the Nova Scotia Utility and Review Board (Board or UARB) to approve the Company's - 5 proposed three year base cost of fuel...
AI summary Nova Scotia Power Inc. filed an application in 2016 for a three-year base cost of fuel plan, leading to a Consensus Agreement with various stakeholders. The agreement included a commitment to consult on the allocation of the Maritime Link cost of service starting in 2020.
15 4. COST OF SERVICE CLASSIFICATION OF THE MARITIME LINK 16 The CA proposes, supported by MEUNSC, the following: - 17 (a) For the purposes of setting the Base Cost of Fuel for each year of the Rate 18 Stability Period, the Maritime Link c...
AI summary The CA proposes classifying Maritime Link costs as NS Power-owned hydro generation for the Base Cost of Fuel during the Rate Stability Period. The Parties agree to a consultative process to address cost allocation and will file a report with the Board by March 31, 2017. Disagreements will be resolved by the Board, and any changes to classification will not be retroactive and will not be implemented before January 1, 2020.
Cost of Service Classification of the Maritime Link Strawman Report 1 The purpose of this Report is to summarize the various options available with respect to the Cost 2 of Service allocation of the Maritime Link for the purposes of facili...
AI summary This report outlines the cost of service classification options for the Maritime Link, aiming to facilitate consensus among stakeholders. The report emphasizes that cost of service studies do not affect revenue recovery but focus on fair revenue apportionment among customer classes. NS Power seeks input by January 27, 2017, and plans to discuss the matter in a February 2017 meeting.
18 availability of the ML and the Muskrat Falls/LIL system. REDACTED (CONFIDENTIAL INFORMATION REMOVED) PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1126 of 1218 COSS PHP DR-27 Confidential Attachment 1 has bee...
AI summary The document discusses the availability of the Maritime Link (ML) and the Muskrat Falls/LIL system, with several confidential attachments removed from the 2026-2027 GRA Direct Evidence Appendix 12A(2). The content is partially redacted due to confidentiality.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to SBA Data Requests
AI summary The document outlines NSPI's responses to data requests from the Stakeholder Board of Appeal (SBA) regarding the Cost of Service Study Process (NSUARB M11475). It focuses on the procedures and data provided in response to the SBA's inquiries.
PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1145 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Cost of Service Study Process (NSUARB M11475) NSPI Responses to SBA Data Requests
AI summary This document outlines NSPI's responses to data requests from the SBA regarding the Cost of Service Study Process under the NSUARB M11475 matter. It provides insights into the GRA process and related regulatory proceedings.
Cost of Service Study Process (NSUARB M11475) NSPI Responses to SBA Data Requests 1 Request DR-6: 2 3 Provide an electronic searchable copy of NS Power's most recent approved Chart of 4 Accounts. 5 6 Response DR-6: 7 8 Please refer to Atta...
AI summary NSP provided a response to a data request for an electronic searchable copy of its most recent approved Chart of Accounts, referring to Attachment 1 from M11090 – Annual and Regulated Financial Statements – 2022.
COSS SBA DR-6 Attachment 1 Page 22 of 24 096 COMMERCIAL SOLUTIONS 098 WAREHOUSE OPERATIONS 099 WIRE INSPECTION SERVICE 100 APPRENT. LINE TECHNICIANS 101 STRATEGIC DEVELOPMENT 102 CAPITAL ACCOUNTING AND ANALYSIS 103 PROCUREMENT AND REAL EST...
AI summary The document lists various departments and functions within an organization, including commercial solutions, warehouse operations, and strategic development. It also references a partially confidential appendix related to the 2026-2027 GRA Direct Evidence.
1.0 GENERAL DESCRIPTION This document describes the plan for administering Nova Scotia Power Inc.'s (NS Power) Fuel Adjustment Mechanism (FAM), which was approved by the Nova Scotia Utility and Review Board (Board) in its decision letter i...
AI summary This document outlines the administration plan for Nova Scotia Power Inc.'s Fuel Adjustment Mechanism (FAM), approved by the Nova Scotia Utility and Review Board in 2008. It explains how the Base Cost of Fuel is calculated, reset, and adjusted, with stakeholder opportunities for challenge and audit processes in place.
3.2 Allowable Fuel and Purchased-Power Costs This section of the POA provides a framework for the fuel and purchased-power costs eligible for recovery through the FAM. Those costs will include allowable fuel expenses plus purchased-power e...
AI summary This section of the Plan of Administration outlines the framework for allowable fuel and purchased-power costs recoverable through the Fuel Adjustment Mechanism. It includes normal, recurring, non-capital expenses, discrepancies supported by surveys, and exceptional costs reviewed by the Small Working Group. These costs are subject to audit and approval by the Nova Scotia Utility and Review Board.
Audit Process The Board shall provide for the conduct of a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period as it deems appropriate. The Board shall have a qualified independent firm conduct the audit. The audit will a...
AI summary The Board will conduct a Fuel Adjustment Mechanism (FAM) audit during the 2023-2024 GRA Period, focusing on NS Power's fuel procurement and recovery under the FAM. The audit will cover financial and management aspects, including the FAM Formula, actual fuel and purchased power costs, and relevant contracts.
Timing of the Audit Audits are expected to commence in February of every second year or at such time as directed by the Board. Final reports will normally be filed by July 2 of every second year or on such other date as directed by the Boa...
AI summary Audits are scheduled to begin in February of every second year or as directed by the Board, with final reports due by July 2 of every second year or as otherwise directed. Draft reports are submitted to NS Power and the Board within 30 days of final report filing, containing task reports, management summaries, and recommendations for cost adjustments or functional changes.
6.0 STAKEHOLDER REVIEW AND DISCOVERY Monthly, quarterly and annual non-confidential and confidential reporting will be available for access and viewing. NS Power confidential reporting will be available electronically or in a confidential...
AI summary The document outlines the availability of monthly, quarterly, and annual reporting for stakeholder review, including confidential and non-confidential data. Access to confidential information requires a Confidentiality Agreement. Stakeholders will have the opportunity to challenge NS Power's fuel costs and forecasting methodology during hearings.
for the current period. COSS SBA DR-7 Attachment 1 Page 31 of 33 PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 1210 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) FAM POA Main Document (Redline) – Revision...
AI summary The text defines various terms related to NS Power's rate applications, fuel costs, and compliance filings. It outlines the Base Cost of Fuel, compliance filings, and other key terms used in the regulatory process.
COS Treatment of Maritime Link - 2017-2019 Fuel Stability Plan (M07348) UARB approves Settlement Agreement wherein parties agree to conduct consultations to address COS treatment of ML costs. - Following stakeholder consultations NS Power...
AI summary The document outlines the treatment of Maritime Link (ML) costs within the Cost of Service (COS) framework. A 2017-2019 Fuel Stability Plan (M07348) led to consultations, resulting in a strawman report recommending that Nova Scotia Block costs be classified as NS Power-owned hydro based on the SLF. Surplus energy, representing non-firm imports, was fully classified to energy, and all approved FAM rates reflect this treatment.
DSM Cost Recovery Process - To meet its obligations under the Public Utilities Act R.SNS 1989, c 380 (Act) to undertake cost-effective electricity efficiency and conservation activities NS Power enters into an agreement with EfficiencyOne...
AI summary NS Power enters into a multi-year supply agreement with EfficiencyOne to deliver electricity efficiency and conservation programs, with DSM costs recovered through DCRRs and direct billing for MEUs. The process is subject to UARB approval and involves annual rider approvals based on the supply agreement.
Rationale behind SLF-based classification - Historically, NS Power's treatment of generation has fallen into a category of energy weighting methods which is designed to reflect the intent of generation assets to produce cheaper energy in a...
AI summary This section discusses the historical use of energy weighting methods by NS Power, including the shift from the Average and Excess (AE) method to the SLF method in 1995. It highlights that the change was minimal and that the UARB and the Board upheld the SLF method, with specific guidance on the classification of environmental compliance and fuel conversion costs. The 2013 COS decision also supported the continued use of the SLF method.
2026-2027 GRA Direct Evidence Appendix 12A(3) Page 163 of 310 REDACTED (CONFIDENTIAL INFORMATION REMOVED) April 22, 2024 VIA EMAIL Mollie Morris Regulatory Counsel Nova Scotia Power Dear Ms. Morris: Re: M11475-COSS - Comments on April 10th...
AI summary The SBA has submitted comments following NS Power's April 10th COSS Stakeholder Session, as outlined in an email to Mollie Morris, Regulatory Counsel at Nova Scotia Power, dated April 22, 2024.
2026-2027 GRA Direct Evidence Appendix 12A(3) Page 164 of 310 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 2. The NS Power supply resource portfolio will transition to incorporate increased amounts of renewable and intermittent resources....
AI summary The document outlines key changes in the Nova Scotia Power supply resource portfolio, including increased renewable energy integration, the impact of customer-owned generation like solar PV, and the influence of battery storage systems on grid dynamics. It also mentions the development of new market and regulatory processes, as well as evolving customer expectations regarding service options.
Survey Utility Transformers Primary Secondary BC Hydro Judgement (50%/50%) Judgement (100% Demand) Judgement (50%/50%) SaskPower Minimum System Manitoba Hydro PUB Order (100% Demand) Ontario Distributors Judgement (with consideration of Mi...
AI summary The table compares transformer-related policies across various utilities in Canada, including criteria such as Judgement, Minimum System, and Zero-Intercept analyses, with specific percentages and considerations for each utility.
2024 Generic COS Proceeding Mini Stakeholder Session – Bundled/Unbundled Markets Continued discussion of topics covered in Technical Conference No. 8 on June 17, 2024. - Follow-up to MEUs' questions and requests arising from COSS stakehold...
AI summary The 2024 Generic COS Proceeding includes a Mini Stakeholder Session discussing bundled and unbundled markets, following up on questions raised by MEUs and responding to inquiries from James MacDuff on behalf of MEUs in an email dated June 5, 2024.
Differences in services and rates between Wholesale and RtR markets - The wholesale and RtR market services and rates were subject to separate regulatory proceedings - Wholesale market is designed to meet needs of 5 MEUs who run their own...
AI summary The wholesale and RtR markets have distinct regulatory proceedings and service designs. The wholesale market serves 5 MEUs with their own distribution systems, while the RtR market serves retail customers through Licensed Retail Suppliers. The RtR market adapted wholesale services to fit its needs, such as using actual hourly imbalances instead of scheduled ones, leading to the creation of Schedule 4A under the OATT.
2026-2027 GRA Direct Evidence Appendix 12A(4) Page 7 of 18 REDACTED (CONFIDENTIAL INFORMATION REMOVED) - 7- Bundled/Unbundled Review May 9, 2024 business or operations of that retailer or industrial customer on the island portion of the pr...
AI summary The text discusses regulations related to electricity procurement on the island portion of the province, requiring retailers and industrial customers to purchase power exclusively from Newfoundland and Labrador Hydro (NLH), which also has an OATT but does not provide wholesale access service.
Memorandum To: Participants in NS Power COSS Stakeholder Process From: NS Power Date: April 12, 2024 Re: Process for Remaining COSS Sessions The following details the process discussed at the stakeholder meeting on April 10, 2024: - NS Pow...
AI summary NS Power outlines the process for remaining COSS sessions, including timelines for submitting initial positions, data requests, and session proposals. A tracking document will be used to record stakeholder positions, and a final resolution session is planned for late June.
Memorandum To: Participants in NS Power COSS Stakeholder Process From: NS Power Date: October 11, 2024 Re: Written Response regarding Decarbonization Deferral Account (DDA) The COSS work plan outlines the following item for NS Power to pro...
AI summary NS Power outlines its approach to the Decarbonization Deferral Account (DDA) in response to stakeholder concerns. The DDA is used to defer costs related to retiring coal-fired assets and decommissioning facilities by 2030. The Board approved the DDA in May 2024, and NS Power proposes treating it as a regulatory asset for cost of service (COS) purposes.
Memorandum To: Participants in NS Power COSS Stakeholder Process From: NS Power Date: November 1, 2024 Re: Written Response regarding Decarbonization Deferral Account (DDA) - Updated The COSS work plan outlines the following item for NS Po...
AI summary NS Power outlines its position on the Decarbonization Deferral Account (DDA) in response to the COSS Stakeholder Process. The DDA is a regulatory asset used to recover costs from retiring coal-fired assets by 2030. NS Power proposes treating the DDA as a regulatory asset in the same manner as other assets for cost-of-service (COS) purposes, citing historical practices from previous GRA filings.
o Summary: - In advance of session 6, Elenchus circulated a Consensus Tracking Document (CTD) summarizing NS Power's initial position on the majority of issues from the summary circulated on April 18 and asking intervenors to provide their...
AI summary In preparation for session 6, Elenchus circulated a Consensus Tracking Document summarizing NS Power's initial positions and invited intervenors to provide their own. NS Power and BBA presented an update on the line loss study, which was in an exploratory phase. Session 6.5 focused on the Minimum System Study and included presentations and discussions on the Zero-Intercept Methodology and the Basic Customer method.
N-142026-2027 GRA OP 01-15 - Redacted
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Wasoqonatl Transmission Line: On March 5, 2025, NSPI, the Canada Infrastructure Bank ("CIB") and the Wskijinu'k Mtmo'taqnuow Agency ("WMA") announced the Wasoqonatl transmission line project to create a reliability intertie between Nova Sc...
AI summary NSPI, Canada Infrastructure Bank, and Wskijinu'k Mtmo'taqnuow Agency formed Wasoqonatl Transmission Incorporated (WTI) to build a reliability intertie between Nova Scotia and New Brunswick. WTI applied to NSEB for $685M capital investment approval, with a decision expected in Q4 2025. NSPI holds 50% indirect voting interest in WTI and will manage its operations.
Wasoqonatl Transmission Line: On March 5, 2025, NSPI, the Canada Infrastructure Bank ("CIB") and the Wskijinu'k Mtmo'taqnuow Agency ("WMA") announced the Wasoqonatl transmission line project to create a reliability intertie between Nova Sc...
AI summary On March 5, 2025, NSPI, CIB, and WMA announced the Wasoqonatl transmission line project to create a reliability intertie between Nova Scotia and New Brunswick. The project will be owned by WTI, a regulated utility. NSPI has a 50% indirect voting interest in WTI and applied for NSEB approval of a $685 million capital investment in April 2025, with a decision expected in Q4 2025.
PGS PGS anticipates earning at the bottom of its allowed ROE range in 2025. USD earnings for 2025 are expected to be consistent with 2024 primarily due to higher operating costs and depreciation driven by ongoing capital investments to sup...
AI summary PGS expects to earn at the lower end of its allowed ROE range in 2025, with USD earnings consistent with 2024 due to increased operating costs and depreciation from capital investments. PGS filed a rate case with the FPSC in March 2025, requesting a USD 93 million increase in annual base rates and additional adjustments for 2027. A settlement agreement in principle was reached in August 2025, with details expected to be filed with the FPSC.
GBPC On June 1, 2024, the Electricity Act, 2024 took effect. The legislation purports to remove the jurisdiction of the GBPA over GBPC and to have the Utilities Regulation and Competition Authority ("URCA"), another Bahamian regulator, reg...
AI summary The Electricity Act, 2024 transferred jurisdiction over GBPC from the GBPA to URCA. URCA filed a claim in the Supreme Court of the Bahamas to prevent GBPA from approving rate adjustments. Management does not expect this to significantly impact Emera.
On August 5, 2024, Emera announced an agreement to sell NMGC. As a result of the pending sale, NMGC's assets and liabilities were classified as held for sale beginning in Q3 2024. In July 2025, the procedural schedule for the NMPRC regulat...
AI summary Emera announced the sale of NMGC in August 2024, leading to its assets and liabilities being classified as held for sale from Q3 2024. The NMPRC regulatory process procedural schedule was revised in July 2025, rescheduling the public hearing to early November 2025. The transaction is expected to close in early 2026.
New Mexico Gas - In September 2023, NMGC filed a formal rate application with the NMPRC for new rates effective October 2024. NMGC requested a ~$49M USD increase in annual base rates, reflecting an ROE of 10.5% (currently 9.375%) and a cap...
AI summary NMGC filed a rate application with the NMPRC in September 2023, requesting a ~$49M USD increase in annual base rates, reflecting a higher return on equity and adjusted capital structure. The filing also includes requests for new regulatory assets and recovery/refund of existing ones.
BLPC 10 • In Q1 2023, the Barbados regulator requested an additional compliance filling before setting final rates. BLPC requested and was granted a review of the decision in Q2 2023. In Q4 2023, the FTC dismissed BLPC's motion for review,...
AI summary In Q1 2023, the Barbados regulator requested an additional compliance filling before setting final rates. BLPC requested and was granted a review of the decision in Q2 2023. In Q4 2023, the FTC dismissed BLPC's motion for review, which the utility appealed to the High Court of Barbados requesting a stay of the decision. In December 2023, the stay of decision was granted until the matter can be determined by the court – interim rates remain in effect.
2. Earnings Growth • Translate rate base growth into earnings growth by managing capital deployment with timing of regulatory filings and through prudent cost management
AI summary The document discusses translating rate base growth into earnings growth by managing capital deployment through the timing of regulatory filings and prudent cost management.
Regulatory Arrangements In Q1 2023, the Barbados regulator requested an additional compliance filling before setting final rates. BLPC requested and was granted a review of the decision. The FTC dismissed BLPC's motion for review, which th...
AI summary In Q1 2023, Barbados' regulator requested additional compliance filings before finalizing rates. BLPC sought a review, which was dismissed by the FTC. The utility appealed to the High Court, and a stay was granted until the court determines the matter, keeping interim rates in effect.
Driving 7-8% Rate Base Growth 2 Forecasted capital spend 2024-2026 in millions of CAD, includes $240M of additions to Emera's equity investment in LIL in 2024 3 An additional $2.3 billion of potential capital investments over the same peri...
AI summary The document discusses rate base growth forecasts, including capital investments and regulatory actions. Key points include NSPI's proposal to acquire FAM balance, TEC's intent to file for new rates, and the Clean Electricity Solutions Task Force's report.
Regulatory Arrangements In Q1 2023, the Barbados regulator requested an additional compliance filling before setting final rates. The FTC dismissed BLPC's motion for review, which the utility appealed to the High Court of Barbados requesti...
AI summary In Q1 2023, the Barbados regulator requested additional compliance filings before finalizing rates. The FTC dismissed BLPC's motion for review, which BLPC appealed to the High Court of Barbados, seeking a stay. The stay was granted until the court can determine the matter. BLPC plans to file its appeal submissions by March 5, 2024, with intervenors and the Public Counsel required to reply by March 25, 2024, and BLPC to file additional submissions by April 11, 2024, while interim rates remain in effect.
Regulatory Update - In December 2023, the FPSC approved Peoples Gas' rate request in a fully litigated process – new rates commenced in January 2024 - In January 2024, NSPI filed a proposal with the regulator for the Province to acquire $1...
AI summary The FPSC approved Peoples Gas' rate request in December 2023, with new rates starting in January 2024. NSPI proposed acquiring part of the FAM balance in January 2024. TEC plans to file for new rates in February 2024, with increases expected in 2025, 2026, and 2027. New Mexico Gas' rate application hearings are scheduled for April 2024. The Nova Scotia Clean Electricity Solutions Task Force issued its final report on February 23, 2024.
Regulatory Arrangements In Q1 2023, the Barbados regulator requested an additional compliance filling before setting final rates. The FTC dismissed BLPC's motion for review, which the utility appealed to the High Court of Barbados requesti...
AI summary In Q1 2023, the Barbados regulator requested an additional compliance filing before finalizing rates. The FTC dismissed BLPC's motion for review, which the utility appealed to the High Court of Barbados. A stay of the decision was granted in December 2023, keeping interim rates in effect until the court resolves the matter.
Regulatory Arrangements Reached an unopposed settlement agreement which included $30M of new base rates, effective October 1, 2024. Rates set on a 9.375% ROE and 52% equity, unchanged from current. Settlement makes weather normalization me...
AI summary An unopposed settlement agreement was reached, setting new base rates of $30M effective October 1, 2024, with a 9.375% ROE and 52% equity. The weather normalization mechanism was incorporated into the normal tariff, and final regulatory approval was granted on July 25, 2024.
New Mexico Gas Sale Process - Change of control application filed in October 2024 - A hearing examiner has been assigned. The prehearing conference is set for November 20th, with schedule to follow.
AI summary A change of control application was filed in October 2024 for the New Mexico Gas Sale Process. A hearing examiner has been assigned, and a prehearing conference is scheduled for November 20th.
Held for sale Largest gas utility in New Mexico serving 60% of the state's population. Announced agreement for sale of NMGC on August 5, 2024 the sale is pending regulatory and other approvals and is expected to close in late 2025.
AI summary The largest gas utility in New Mexico, serving 60% of the state's population, has announced an agreement for the sale of NMGC. The sale is pending regulatory and other approvals and is expected to close in late 2025.
Regulatory Arrangements Reached an unopposed settlement agreement which included $30M of new base rates, effective October 1, 2024. Rates set on a 9.375% ROE and 52% equity, unchanged from current. Settlement makes weather normalization me...
AI summary An unopposed settlement agreement was reached, including new base rates of $30M effective October 1, 2024, set on a 9.375% ROE and 52% equity. The settlement also made the weather normalization mechanism a normal tariff, with final regulatory approval given on July 25, 2024.
New Mexico Gas Largest gas utility in New Mexico serving 60% of the state's population. Announced agreement for sale of NMGC on August 5, 2024. The sale is pending regulatory and other approvals and is expected to close in late 2025. The p...
AI summary New Mexico Gas is the largest gas utility in New Mexico, serving 60% of the state's population. It has announced an agreement to sell NMGC, pending regulatory approvals, with an expected closing in late 2025. A pre-hearing conference was held on November 20, 2024, and the hearing on the application is expected to begin on June 23, 2025.
Regulatory Arrangements Reached an unopposed settlement agreement which included $30M of new base rates, effective October 1, 2024. Rates set on a 9.375% ROE and 52% equity, unchanged from current. Settlement makes weather normalization me...
AI summary An unopposed settlement agreement was reached, setting new base rates of $30M effective October 1, 2024, with a 9.375% ROE and 52% equity. The weather normalization mechanism is now a standard tariff, and final regulatory approval was granted on July 25, 2024.
Tampa Electric Peoples Gas Nova Scotia Power Key Regulatory Features • Forward test year • Storm reserve • Storm protection plan recovery mechanism • Forward test year • Forward test year • Storm cost recovery mechanism ROE & Equity 9.5-11...
AI summary The table compares key regulatory features, ROE and equity metrics, and key dates for Tampa Electric, Peoples Gas, and Nova Scotia Power. It highlights differences in forward test years, storm cost recovery mechanisms, and equity thickness, as well as regulatory decisions and rate-effective dates.
New Mexico Gas Sale Transaction announced in August 2024 Regulatory hearing scheduled for June 23, 2025 Expected closing date in Q4 2025
AI summary A gas sale transaction in New Mexico was announced in August 2024, with a regulatory hearing scheduled for June 23, 2025, and an expected closing date in Q4 2025.
Net-Zero Roadmap Nova Scotia Power projects/opportunities agreements. - Tampa Electric projects/opportunities - Nova Scotia Power/Tampa Electric common projects/opportunities 3 A total of three 150 MW units. This roadmap is subject to chan...
AI summary Nova Scotia Power outlines its Net-Zero Roadmap, highlighting potential projects and partnerships, including with Tampa Electric. The roadmap depends on external factors and regulatory approval, emphasizing the need for prudent and cost-effective solutions for customers within legislative and regulatory frameworks.
Regulatory Arrangements On August 1, 2024, GBPC filed a 3-year rate proposal, to be effective effective on January 1, 2025, based on an 8.5-8.7% allowable regulated return on rate base and a target regulatory ROE of 12.87%. A decision is e...
AI summary GBPC filed a 3-year rate proposal on August 1, 2024, with an 8.5-8.7% allowable return on rate base and a target ROE of 12.87%. A decision is expected in 2025. BLPC's appeal against the FTC's dismissal of its motion to review is scheduled for 2025.
Other Nova Scotia Developments The Province has appointed the board of directors of the Nova Scotia Independent System Operator ("NSIESO"). NSPI continues to work constructively with the Province to support the phase in of the NSIESO and f...
AI summary The Province has appointed the board of directors for the Nova Scotia Independent System Operator (NSIESO), with full operations expected by 2026. NSPI has partnered with the Canadian Infrastructure Bank and Wskijinu'k Mtmo'taqnuow Agency to build a reliability intertie between Nova Scotia and New Brunswick, with regulatory approval expected by Q4 2025. The Province has also granted NSPI flexibility to reprofile its sulfur dioxide emissions from 2025 to 2034.
Other Nova Scotia Developments The Province has appointed the board of directors of the Nova Scotia Independent System Operator ("NSIESO"). NSPI continues to work constructively with the Province to support the phase in of the NSIESO and f...
AI summary The Province has appointed the board of directors of the Nova Scotia Independent System Operator (NSIESO), with NSPI working to support its full operations by 2026. NSPI also announced an agreement to construct a reliability intertie between Nova Scotia and New Brunswick, with regulatory approval expected by Q4 2025. The Province granted NSPI flexibility to reprofile its sulfur dioxide (SO2) emissions from 2025 to 2034.
New Mexico Gas Largest gas utility in New Mexico serving 60% of the state's population. Announced agreement for sale of NMGC on August 5, 2024. The sale is pending regulatory and other approvals and is expected to close in late 2025. The h...
AI summary New Mexico Gas, the largest gas utility in New Mexico serving 60% of the state's population, has announced an agreement to sell NMGC. The sale is pending regulatory and other approvals and is expected to close in late 2025. A hearing on the application is expected to begin on June 23, 2025.
Regulatory Arrangements Reached an unopposed settlement agreement which included $30M of new base rates, effective October 1, 2024. Rates set on a 9.375% ROE and 52% equity, unchanged from current. Settlement makes weather normalization me...
AI summary An unopposed settlement agreement was reached, setting new base rates of $30M effective October 1, 2024, with rates based on a 9.375% ROE and 52% equity. The agreement includes making the weather normalization mechanism a normal tariff, with final regulatory approval given on July 25, 2024.
Regulatory Arrangements On August 1, 2024, GBPC filed a 3-year rate proposal, to be effective effective on January 1, 2025, based on an 8.5-8.7% allowable regulated return on rate base and a target regulatory ROE of 12.87%. A decision is e...
AI summary GBPC filed a 3-year rate proposal effective January 1, 2025, based on an 8.5-8.7% allowable return on rate base and a target ROE of 12.87%. BLPC's motion to review was dismissed by the FTC but successfully appealed to the High Court of Barbados, with a review scheduled for 2025.
Tampa Electric Peoples Gas Nova Scotia Power KEY REGULATORY FEATURES • Forward test year Storm reserve • • Storm protection plan recovery mechanism • Forward test year • Forward test year Storm cost recovery mechanism • ROE & EQUITY 9.5-11...
AI summary The document provides a comparative overview of key regulatory features, return on equity (ROE) and equity thickness for Tampa Electric, Peoples Gas, and Nova Scotia Power, including dates of regulatory decisions and settlements. It highlights differences in ROE ranges, regulatory mechanisms such as storm cost recovery, and settlement agreements.
New Mexico Gas Sale - Transaction announced in August 2024 - Regulatory hearing scheduled to begin November 3, 2025 - Expected closing date in early 2026
AI summary A gas sale transaction in New Mexico was announced in August 2024, with a regulatory hearing scheduled for November 3, 2025, and an expected closing date in early 2026.
Regulatory Arrangements On August 1, 2024, GBPC filed a 3-year rate proposal, to be effective effective on January 1, 2025, based on an 8.5-8.7% allowable regulated return on rate base and a target regulatory ROE of 12.87%. A decision is e...
AI summary GBPC filed a 3-year rate proposal with an 8.5-8.7% allowable return on rate base and a target ROE of 12.87%, effective January 1, 2025. BLPC's motion to review was dismissed by the FTC but successfully appealed to the High Court of Barbados, with a review scheduled for 2025.
Enabling Renewable Generation Nova Scotia Power continues to work collaboratively with the Provincial Government to implement the 2030 Clean Power Plan to phase out coal and increase renewable generation to 80% of sales by 2030. Updates si...
AI summary Nova Scotia Power is advancing renewable generation initiatives, including grid-scale battery installations and transmission line projects, in alignment with the 2030 Clean Power Plan. The creation of an Independent System Operator and partnerships with the Canada Infrastructure Bank and WMA are key aspects of these efforts.
N-22NSPI (Cleary) RIR 1-11 - Redacted
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Business Risk: Excellent We assess NSPI's business risk profile as excellent, reflecting our assessment of the regulated accounting for company's operations being in low-risk country such as Canada, are rate-regulated. NSPI's business risk...
AI summary NSPI's business risk is assessed as excellent due to its regulated operations in Canada, transparent UARB regulatory framework, and stable customer base. The UARB's fuel adjustment mechanism allows cost recovery, and NSPI's regulated model ensures timely rate determinations and recovery of prudently incurred costs.
Business Risk: Excellent Our assessment of NSPI's business risk reflects the utility's lower-risk, rate-regulated, and vertically integrated electric utility business as well as its management of regulatory risk, which we view as consisten...
AI summary NSPI's business risk is assessed as excellent due to its rate-regulated, vertically integrated model and effective management of regulatory risk. The regulatory process is credit supportive, with tariff frameworks based on a forward test-year methodology and commodity costs passed through to customers via the fuel adjustment mechanism. However, the moderate customer base and lack of regulatory or geographical diversity are offsetting factors.
2026-2027 GRA Cleary IR-1 Attachment 7 Page 2 of 5 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Inc. NSPI was fined $10 million for failing to remain compliant under the Renewable Electricity Regulations (RER). Under the p...
AI summary Nova Scotia Power Inc. (NSPI) was fined $10 million for non-compliance with the Renewable Electricity Regulations (RER), citing uncontrollable factors like delays in the Muskrat Falls project. NSPI is appealing the penalty with the UARB. The RER also mandates 80% renewable electricity by 2030, requiring significant investments, including new transmission lines and grid-scale batteries. The company is seeking to recover prudently incurred costs amid inflation and high interest rates.
n average rate increase higher than the projected rate increase during the rate stability period (1.0% to 1.5% yearly through 2017 to 2019), DBRS expects NSPI's rate increase in 2020 to be manageable. NSPI continues to operate under a reas...
AI summary DBRS expects NSPI's 2020 rate increase to be manageable despite being higher than the projected rate stability period increase. NSPI operates under a reasonable regulatory system with a return on equity band of 8.75% to 9.25%. The company has maintained profitability within this range and received regulatory approval for an interim assessment payment related to the Maritime Link Project.
Regulation - NSPI operates under a reasonable regulatory environment of the NSUARB, using a COS methodology that allows the Company to recover all prudently estimated operating expenses and earn a reasonable return on the approved capital...
AI summary NSPI operates under the NSUARB's regulation, using a COS methodology to recover operating expenses and earn a reasonable return on capital investments. The company's target ROE range is between 8.75% and 9.25%, and its 2017 rates are based on a 9.0% ROE. NSPI files an annual ACE plan with the NSUARB, and the Province's Electricity Reform (2013) Act allows licensed renewable generators to sell directly to retail customers, though DBRS does not expect significant competition from new entrants.
ustomers of $18 million in 2018, $36 million in 2019 and $53 million in 2020. As at September 30, 2017, NSPI collected $12 million, which is recorded above as part of the FAM regulatory liability. - NSPI is required to withhold $10 million...
AI summary NSPI collected significant amounts from customers through the FAM regulatory liability in 2018, 2019, and 2020. The company must withhold a portion of its interim assessment payments annually, contingent on demonstrating benefits from the Maritime Link Project. The Province introduced amendments to the Environment Act for a cap-and-trade program, with NSPI anticipating recoverability of prudently incurred carbon reduction costs. DBRS assessed the regulatory environment for NSPI based on eight factors.
Regulatory Environment Assessment Criteria 1. Deemed Equity Ratio Score Excellent Good Satisfactory Below Average Poor Analysis NSPI's target regulated ROE is based on an actual five-quarter average regulated common equity component of up...
AI summary The document assesses NSPI's deemed equity ratio and regulated ROE, noting a target of 37.5% for rate-setting purposes. It also includes data on energy generation, installed capacity, and long-term IPP contracts, highlighting variations across different energy sources and years.
Regulation (CONTINUED) - NSPI is required to withhold $10 million from the interim assessment payment each year. The release is subject to providing evidence to the NSUARB that, at least, the amount of benefit from the Maritime Link Projec...
AI summary NSPI must withhold $10 million annually from interim payments until benefits from the Maritime Link Project are realized. The Province amended the Environment Act to establish a cap-and-trade program for carbon emissions starting in 2019. NSPI expects to recover prudently incurred carbon reduction costs from customers. DBRS evaluates the regulatory environment for NSPI based on eight factors.
- January 1, 2019, with an initial compliance period of four years (2019–2022). NSPI has been granted carbon dioxide allowances of 22 million tonnes through the compliance period and expects to recover the cost of emission allowances (cred...
AI summary NSPI has been granted carbon dioxide allowances through 2022 and will recover the cost of emission credits in its FSP. An Equivalency Agreement between Nova Scotia and the federal government allows NSPI to comply with federal GHG regulations by meeting provincial requirements. Federal regulations for coal-fired plants were updated in 2018, with closure deadlines depending on commissioning dates. The Equivalency Agreement was renewed until 2024, potentially extending to 2029.
orningstar's assessment of the regulatory environment for NSPI, which is based on eight factors. For further detail, please refer to Appendix 1 of the DBRS Morningstar Rating Companies in the Regulated Electric, Natural Gas and Water Utili...
AI summary The document discusses DBRS Morningstar's assessment of the regulatory environment for Nova Scotia Power Inc., based on eight factors, with further details provided in Appendix 1 of their rating methodology.
ederal GHG regulations for coal-fired electricity plants: - Under the regulations, power plants that emit more than 420 tonnes of carbon dioxide emission from fossil fuels for each gigawatt hour of electricity generated will have to be clo...
AI summary The text outlines federal GHG regulations for coal-fired electricity plants and discusses Nova Scotia Power Inc.'s compliance through a renewed Equivalency Agreement. It also mentions delays in the Muskrat Falls Project due to the pandemic and an alternative compliance plan to meet renewable energy targets.
r rating at R-1 (low). All trends are Stable. The confirmations reflect the stability of the Company's regulated electricity operations and key credit metrics that are in line with the current rating. NSPI's business risk assessment was st...
AI summary NSPI maintains a stable credit rating due to its reasonable regulatory framework and ability to recover prudent expenditures. However, challenges such as transitioning from coal-based generation and meeting renewable energy targets may impact its credit metrics if not managed prudently.
each year, the release of which depends on the Company providing evidence to the NSUARB that, at minimum, the amount of benefit from the Maritime Link Project is realized for NSPI customers each year.
AI summary The text discusses the requirement for the Company to provide evidence to the NSUARB that the benefits of the Maritime Link Project are realized for NSPI customers annually.
On December 20, 2022, DBRS Limited (DBRS Morningstar) downgraded Nova Scotia Power Inc.'s (NSPI or the Company) Issuer Rating and Unsecured Debentures & Medium-Term Notes rating to BBB (high) from A (low) and its Commercial Paper rating to...
AI summary DBRS Morningstar downgraded Nova Scotia Power Inc.'s credit ratings in December 2022 due to a deteriorating regulatory environment and uncertainty surrounding the company's ability to meet renewable generation targets and shut down coal-fired plants following provincial intervention in the General Rate Application process.
cial restraints on NSPI over the near term, as well as the heightened regulatory risk on the Company's ability to receive rate increases to recover and earn a reasonable return on any new investments. Given this precedent, DBRS Morningstar...
AI summary DBRS Morningstar is concerned about potential government interventions that could destabilize NSPI's regulatory framework. It expects NSPI's earnings to be moderately weaker but supportive of the BBB (high) rating. NSPI is focusing on reliability and safety projects, and its parent company, Emera Inc., supports it financially. A positive rating action may occur with regulatory independence, progress on renewable energy, and improved credit metrics.
Good Satisfactory Below Average Poor Criteria Score Analysis 1. Deemed Equity Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an actual five-quarter average-regulated common equity component of up to...
AI summary The document evaluates NSPI's regulatory framework, focusing on deemed equity, allowed ROE, energy cost recovery, capital and operating cost recovery, COS versus incentive rate mechanism, political interference, and stranded cost recovery. Key points include ROE caps under Bill 212, fuel cost recovery through FAM and FSP, and regulatory impacts from political interference.
On December 20, 2023, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating and Unsecured Debentures & Medium-Term Notes rating of Nova Scotia Power Inc. (NSPI or the Company) at BBB (high), and its Commercial Paper (CP) rating at R-...
AI summary DBRS Limited confirmed Nova Scotia Power Inc.'s credit ratings at BBB (high) and R-2 (high), noting stable trends despite weakened credit metrics due to provincial intervention in the GRA process. The NSUARB approved rate increases for nonfuel, fuel, and DSM costs as part of the 2022 to 2024 GRA settlement.
Assessment of Regulatory Framework Criteria Score Analysis 1. Deemed Equity Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an actual five-quarter average-regulated common equity component of up to 40...
AI summary The document assesses the regulatory framework for Nova Scotia Power Inc. (NSPI), focusing on deemed equity, allowed ROE, energy cost recovery, capital and operating cost recovery, and political interference. Key points include the capping of ROE and deemed equity under Bill 212, the use of the Fuel Adjustment Mechanism (FAM) for fuel cost recovery, and the impact of rate freezes on cost recovery.
The ratings of Nova Scotia Power Inc. (NSPI or the Company) are based on its integrated electricity operations under the Nova Scotia Utility and Review Board (NSUARB). The Stable trends reflect the Company's key credit metrics which are in...
AI summary Nova Scotia Power Inc.'s credit ratings are stable due to positive developments, including the sale of FAM regulatory assets and a federal loan guarantee. The enactment of Bill 404 streamlines NSPI's role, but concerns remain about potential political interference in future regulatory reviews.
Appendix 2—Regulation - NSPI operates under the NSUARB's regulatory environment using a COS methodology that allows the Company to recover all prudently estimated operating expenses and earn a reasonable return on approved capital investme...
AI summary NSPI operates under the NSUARB's regulatory framework with a target ROE range of 8.75% to 9.25%. In 2022, the Province amended the Public Utilities Act to cap base-rate increases and ROE. NSUARB approved a negotiated settlement for the GRA in 2023, including rate increases and a Storm Rider. NSPI also manages the FAM and submitted a 2024 ACE plan for approval.
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 has implemented several environmental regulations, including a cap-and-trade program, renewable energy mandates, and coal phase-out requirements. The province also amended the RER to require 80% renewable electricity sales by 2030 and established the NSIESO for grid operations. NSPI faced a penalty for noncompliance and appealed it. The 2030 Clean Power Plan aims to expand renewable generation and improve grid reliability.
Page 12 of 13 Assessment of Regulatory Framework 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 actual five-quart...
AI summary The document evaluates the regulatory framework for Nova Scotia Power Inc. (NSPI), focusing on deemed equity, allowed return on equity (ROE), energy cost recovery, and political interference. Key points include a cap on deemed equity and ROE under Bill 212, the use of the Fuel Adjustment Mechanism (FAM) for cost recovery, and the impact of political interventions on the regulatory environment.
NON-CONFIDENTIAL STRUCTURE" (EB-2024-0063), Concentric advanced the following "North American Electric T&D Proxy Group" of 19 utilities (four Canadian and 15 U.S.) in Figure 7 on page 49 of its evidence (which was filed on July 19, 2024).
AI summary Concentric submitted evidence in the proceeding, including a 'North American Electric T&D Proxy Group' comprising 19 utilities, as part of its submission in the 'STRUCTURE' (EB-2024-0063) matter.
N-24NSPI (ECC) RIR 1-41
14 passages
2026-2027 GRA Emrydia IR-2 Attachment 1 Page 190 of 348 NOVA SCOTIA POWER, INC.
AI summary The document is a page from a regulatory proceeding involving Nova Scotia Power, Inc. related to the 2026-2027 GRA Emrydia IR-2 Attachment 1.
2026-2027 GRA Emrydia IR-2 Attachment 1 Page 207 of 348 NOVA SCOTIA POWER, INC.
AI summary This document is a page from a regulatory proceeding related to Nova Scotia Power, Inc. for the 2026-2027 period. It contains information relevant to the regulatory approval process and may involve topics such as rates, programs, and regulatory compliance.
2026-2027 GRA Emrydia IR-2 Attachment 1 Page 347 of 348 NOVA SCOTIA POWER, INC.
AI summary The document is a page from a regulatory proceeding involving Nova Scotia Power, Inc. It is part of the 2026-2027 GRA Emrydia IR-2 Attachment 1 and appears to be related to a regulatory process in Nova Scotia.
Item 3b: Thermal Plant Depreciation Study As per the General Rate Application Settlement Plan[4](#page-20-6) Nova Scotia Utility and Review Board (NSUARB) decision, NS Power will conduct a depreciation study and file prior to the next Gene...
AI summary NS Power is required to conduct a depreciation study for thermal plants and file it prior to the next General Rate Application, as per the General Rate Application Settlement Plan and the NSUARB decision.
ORDER WHEREAS Nova Scotia Power Incorporated ("NSPI") made Application to the Nova Scotia Utility and Review Board (the "Board") on November 3, 2010, for approval of depreciation rates to be applied to the various classes of depreciable pr...
AI summary The Board approved a settlement agreement regarding depreciation rates for Nova Scotia Power Incorporated, which was filed in April 2011 and presented in a hearing on May 11, 2011. The agreement was not opposed by any party and provides a proper allowance for depreciation.
- 3. NSP[ is entitled to full recovery of and a return on the prudently incurred investment in its regulated assets regardless of the depreciation methodology employed from time to time. - 4. In.lieu of pursuing recovery of the future deco...
AI summary NSP is entitled to full recovery of prudently incurred investments in its regulated assets. Instead of recovering future decommissioning costs for hydro assets as proposed, NSPI will conduct a study to assess retirement obligations, reinvestment, and potential extensions of the useful lives of hydro assets, with any resulting proposals subject to DARB approval.
1 Introduction Nova Scotia Power Inc.'s (NS Power's) mission is that "We are proud to power Nova Scotia. Our customers count on us for safe, reliable and affordable electricity." NS Power is committed to supporting both the provincial and...
AI summary Nova Scotia Power Inc. (NS Power) outlines its commitment to asset management through its Strategic Asset Management Plan (SAMP), emphasizing the need for rigorous processes to support clean energy goals and regulatory compliance. The SAMP is a 5-year plan subject to review and revision as needed.
4.3 Risks to the achievement of objectives As with all organizations, there are risks to the achievement of both Organizational objectives and Asset Management objectives. - Human Resources and Competency Ensuring that competent resources...
AI summary The document outlines risks to achieving organizational and asset management objectives, including human resource challenges, aging assets, affordability concerns, and regulatory changes. The Energy Reform Act is highlighted as a significant legislative change impacting NS Power's structure and operations.
5 Regulatory Context and Stakeholder Engagement NS Power is regulated under the Public Utilities Act and the Electricity Act by the Nova Scotia Utility and Review Board (UARB), and through these Acts NS Power is mandated to serve the elect...
AI summary NS Power is regulated by the Nova Scotia Utility and Review Board under the Public Utilities Act and Electricity Act. The UARB oversees processes such as General Rate Applications, Annual Capital Expenditure Plan approvals, and Integrated Resource Plans. NS Power's EAM division and senior leadership are involved in these processes, ensuring alignment with regulatory requirements and organizational objectives.
Integrated Resource Plan (IRP) The Integrated Resource Plan (IRP) is a comprehensive public utility planning exercise that integrates resource options (both supply and demand-side) in order to develop a long-term electricity strategy for t...
AI summary The Integrated Resource Plan (IRP) is a long-term electricity strategy for Nova Scotia Power, developed through a comprehensive planning process that considers both supply and demand-side resources. It is updated periodically, with the 2020 IRP indicating the need for revision due to changes in environmental policy, load, and resource assumptions. The IRP is submitted to the Nova Scotia Utility and Review Board (NSUARB) and involves stakeholder engagement.
10-Year System Outlook (10YSO) NS Power's Ten-Year System Outlook (10YSO) assesses system generation capacity, considering load forecasts, planned generation additions, and environmental regulations, while adhering to the Nova Scotia Whole...
AI summary NS Power's 10-Year System Outlook (10YSO) evaluates system generation capacity, load forecasts, and environmental regulations, and is submitted to the NSUARB. It is an annual assessment of system capacity and resource adequacy, not an integrated resource plan, and involves stakeholder engagement.
General Rate Application (GRA) As a regulated entity, NS Power must obtain approval from the NSUARB to change the rates charged to its Customers for the services it provides them. NS Power's GRA includes many components including anticipat...
AI summary NS Power must obtain approval from the NSUARB to change its rates. The GRA includes components such as fuel costs, operating costs, depreciation, capital structure, and revenue requirement. It is subject to stakeholder engagement including public hearings and written information requests.
Performance Standards The Performance Standards are a key part of NS Power's accountability to its customers. In accordance with the requirements for Performance Standards under sections 52A to 52F of the Public Utilities Act , NS Power ha...
AI summary Performance Standards are a key accountability measure for NS Power under the Public Utilities Act. NS Power has been submitting annual reports to the NSUARB since 2017, covering reliability, storm response, and customer service, with additional reports following major weather-related outages.
NON-CONFIDENTIAL 1 Request IR-25: 11 to two specific assets included within the Smart Grid NS capital item (C0010778). The $1.7 million 12 includes the remaining net book value of the Distributed Energy Resource Management System 13 softwa...
AI summary The document includes requests and responses related to asset disposition and cost deferral. It references a specific asset (C0010778) and mentions the Smart Grid Nova Scotia Project. There is a discussion about the GRA (Generation Reliability Assessment) and COSS (Cost of Service Study) deferral, with NS Power explaining that costs are forecast to be incurred prior to 2026 and amortized over 2026-2027.
N-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1)
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1 Request IR-1: 2 3 Please file a copy of the consensus agreement reached with customer representatives. 4 5 Response IR-1: 6 7 Please refer to Attachment 1. Nova Scotia Energy Board
AI summary The Nova Scotia Energy Board requests a copy of the consensus agreement reached with customer representatives and refers to Attachment 1 for the response.
NOW THEREFORE , the Parties agree as follows: - 1. The Parties have reached agreement on the outcomes that will result from the 2026- 2027 GRA as represented by the terms set out in Schedule "A" attached hereto ("Settlement Agreement"). Th...
AI summary The Parties have reached an agreement on the 2026-2027 Generation Resource Agreement (GRA), which NS Power will file with the Nova Scotia Energy Board. The agreement includes provisions for a Pre-GRA Letter and outlines the collaborative process undertaken by the Parties. Customer Representatives retain the right to request information and file evidence if the GRA is inconsistent with the Settlement Agreement.
RESPONSIBILITIES OF FRANCHISE HOLDER It is the responsibility of the holder of the electric efficiency and conservation franchise granted under Section 79C of the Public Utilities Act (Franchise Holder) to apply to the Nova Scotia Utility...
AI summary The Franchise Holder is responsible for seeking NSUAREB approval for all DSM activities, plans, and programs, as well as related costs. NS Power must apply for approval of DSM Cost Recovery Rider amounts by October 1 of the year before program implementation and pay the approved amount monthly to the Franchise Holder.
Nova Scotia Power Inc. Consolidated Balance Sheets As at December 31 December 31 millions of dollars 2024 2023 Assets Current assets Cash $ - $ 78 Receivables, net (note 9) 417 430 Inventory (note 10) 295 345 Derivative instruments (notes...
AI summary The consolidated balance sheets of Nova Scotia Power Inc. for December 31, 2024, and 2023, show changes in current and non-current assets and liabilities, including regulatory assets and liabilities, derivative instruments, and equity. The balance sheets also note commitments and contingencies approved by the Board of Directors.
Other Regulatory Matters Nova Scotia Renewable Electricity Regulations ("RER"): On May 26, 2023, NSPI initiated an appeal, through a proceeding with the UARB, of the $10 million penalty levied on NSPI by the Province for non-compliance wit...
AI summary NSPI is appealing a $10 million penalty imposed by the Province for non-compliance with the RER compliance period ending in 2022. The appeal is being heard by the UARB, with the hearing scheduled for June 2025.
Regulatory and Political Risk NSPI is subject to complex legislative and regulatory frameworks that impact matters such as industry, business, rates and cost structures, revenue requirements, allowable ROE, capital structure, rate base and...
AI summary NSPI operates under a complex regulatory framework that affects its rates, costs, and operations. Regulatory approval is required for rate changes, and delays or disallowances could cause financial harm. Changes in government or policy could also impact regulatory stability and outcomes, potentially leading to a Material Adverse Effect.
d further in "Outlook" below. In 2024, NSPI derived 42 per cent of its electric sales from renewable sources and achieved a 61 per cent reduction in generation from solid fuel compared to 2005 levels. NSPI is working closely with the provi...
AI summary NSPI has significantly increased its renewable energy sales and is committed to achieving 80% renewable electricity sales by 2030. It is regulated under the Public Utilities Act by the UARB, with rates set to recover prudently incurred costs and provide a reasonable return to investors.
Renewable Electricity Regulations ("RER"): On May 26, 2023, NSPI initiated an appeal, through a proceeding with the UARB, of the $10 million penalty levied on NSPI by the Province for non-compliance with the RER compliance period ending in...
AI summary NSPI is appealing a $10 million penalty imposed by the Province for non-compliance with the RER compliance period ending in 2022. The appeal is being heard by the UARB, with the hearing scheduled for June 2025.
FAM and FAM Regulatory Deferral NSPI has a UARB approved FAM, allowing NSPI to recover fluctuating fuel and certain fuel-related costs from customers through annual fuel rate adjustments. Differences between prudently incurred fuel costs a...
AI summary NSPI has a UARB-approved FAM allowing recovery of fuel costs from customers. Recent developments include the sale of a portion of the FAM regulatory asset to Invest Nova Scotia, the refund of $4 million to customers following audit findings, and an ongoing regulatory process related to audit results for fiscal 2022 and 2023.
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 impacts rates, cost recovery, and capital investments. Regulatory approvals are required for significant business changes, and delays or disallowances could lead to Material Adverse Effects. Changes in government or policy could also impact regulatory stability and outcomes.
Weather Risk A Material Adverse Effect may arise from weather seasonal variations impacting energy consumption, as well as severe weather events, changing air temperatures, wildfires and other severe weather conditions that are expected to...
AI summary The text discusses the risks posed by weather variations and severe weather events to Nova Scotia Power Inc. (NSPI), including impacts on energy consumption, infrastructure damage, service outages, and potential financial losses. These risks are exacerbated by climate change and may lead to a Material Adverse Effect if not mitigated through insurance or regulatory processes.
Project Development and Land Use Rights Risk The Company's capital plan includes significant investment in generation, infrastructure modernization and customer-focused technologies. Any projects planned or currently in construction, parti...
AI summary The Company's capital plan involves significant investment in generation and infrastructure, but faces risks including delays, cost overruns, and regulatory approval challenges. Projects may also require land-use rights from third parties, including Indigenous Peoples, which could lead to additional costs if not negotiated successfully.
System Operating and Maintenance Risks The safe and reliable operation of electric generation transmission and distribution systems is critical to NSPI's operations. There are a variety of hazards and operational risks inherent in operatin...
AI summary The document outlines the various operational and maintenance risks faced by NSPI in managing its electric generation, transmission, and distribution systems. These risks include mechanical failures, natural disasters, cyberattacks, and supply chain disruptions, which could negatively impact customer confidence, public safety, and result in Material Adverse Effects. The regulatory framework allows for the recovery of prudently incurred costs.
ieve the goals. Collectively, the 2030 Clean Power Plan and NS Power's IRP Action Plan - 24 and Roadmap outline various investments and actions required in meeting the 2030 - 25 Decarbonization Goals. - 27 In 2024, following recommendation...
AI summary The text discusses the 2030 Clean Power Plan and NS Power's IRP Action Plan, outlining investments and actions required to meet decarbonization goals. In 2024, the Provincial government announced the creation of a new Independent Electricity System Operator in Nova Scotia following recommendations by the Clean Electricity Solutions Task Force.
- 9 determined by the NSIESO 1 These resource additions form a comprehensive strategy that allows for flexibility to accommodate 2 future uncertainties. Through the ongoing Evergreen IRP Action Plan & Roadmap items, NS 3 Power is closely m...
AI summary The document outlines NS Power's 2024 Path to 2030 report, which includes the 2030 Decarbonization Goals, the Province of Nova Scotia's 2030 Clean Power Plan, the creation of the NSIESO, and the Resource Development Plan elements necessary to achieve these goals. It also includes the IRP Action Plan and Roadmap Items supporting the 2030 Decarbonization Goals.
- 3 In February 2024, the Clean Electricity Solutions Task Force, a task force commissioned by the - 4 Nova Scotia provincial government, submitted its final report titled, "Modernizing Energy from - 5 Transition to Transformation." This r...
AI summary In February 2024, the Clean Electricity Solutions Task Force submitted a report recommending the creation of an independent energy system operator. The More Access to Energy Act (MAEA), enacted in April 2024, mandates the establishment of the Nova Scotia Independent Energy System Operator (NSIESO), which will be responsible for resource and transmission planning, energy procurement, and specific projects like battery storage and fast-acting generation.
1 for the Community Solar Program is to enable at least 50 MW of new community solar generation 2 and facilitate equitable access to renewable energy, including for those otherwise unable to install 3 on-site renewables through either Comm...
AI summary The Community Solar Program aims to enable at least 50 MW of new community solar generation and promote equitable access to renewable energy. Two regulatory proceedings are underway with the NSUARB, including the Community Solar PPA (M11903) and the Community Solar Energy Credit Rider (M11911). The first project is located in Sydney, Cape Breton, and the program will be managed by the provincial department of NRR.
DATE FILED: December 9, 2024 Page 34 of 54 1 6.4 Fast-Acting Generation 27 was a common resource plan element across IRP scenarios, and these were included in the IRP 28 Action Plan under item #3e. 29 1 6.5.1 Gas Conversion at Point Tupper...
AI summary The document discusses the coal-to-natural-gas conversion of Point Tupper Generating Station Unit 2 as a common outcome in the Evergreen IRP scenarios. This conversion is intended for peaking capacity and is scheduled for completion by 2028, aligning with the Clean Power Plan. NS Power is advancing the project, including regulatory and design work, with continued efforts in 2025.
28 22 The Economics of Electrification in Nova Scotia (nspower.ca) 1 In the first half of 2024, NS Power met with NRR on their approach to a Hybrid Peak study as part 20 November 27, 2024, beginning with an online session covering the Year...
AI summary NS Power met with NRR on a Hybrid Peak study approach and conducted demand response events through E1's programs. The 2023/24 season saw participation in the Smart Synergy and Eco Shift programs, with recruitment ongoing for the 2024/25 season. NS Power also completed the Smart Grid Nova Scotia project and submitted a final report to the NSUARB.
1 Figure 8 – Project Accountabilities Matrix 2030 Projects Accountability NS Power Key Action Items NS Government Key Action Items Partner Key Action Items including required connection to competitive authorizations. Salisbury, NB. procure...
AI summary The document outlines project accountabilities for 2030 initiatives, including Fast-Acting Generation, Ocheranon, and Fuel Conversions. NS Power is responsible for procuring and financing projects through a utility-regulated model, while the NS Government is tasked with ensuring coordinated reviews and federal support. NSIESO is involved in procuring fast-acting generation resources and completing interconnection studies.
(2) YTD is June as of June 30 as regulated financial statements are only calculated quarterly. 1 Request IR-16: 27 determined by the Board." Section 21B(5) continues, stating: "A public utility is entitled 28 to recover annually from its c...
AI summary The document discusses the use of a rider to recover annual assessments approved by the Energy Board, and references a Climate Change Adaptation Plan created by NS Power in 2021, which was filed 20 months after a directive from the Board in its 2023-2024 GRA decision.
Adaptation Plan to the CALP team in October 2021. These sessions informed the development of the sector-wide strategy and ensured alignment with NS Power's internal planning processes. NS Power has participated in several CALP meetings eac...
AI summary NS Power has engaged with the CALP team since 2021 to develop a sector-wide climate adaptation strategy, aligning with internal planning processes. Sub-committees were established in 2023-2025 to advance CALP initiatives, and a session was hosted for regulatory stakeholders in 2025. NS Power also participates in industry organizations like CEATI and EPRI to enhance utility resilience and climate adaptation strategies.
1 1.0 INTRODUCTION 2 3 NS Power's top priority is delivering safe, affordable, and reliable electricity every day to power 4 customers' homes, businesses, and communities. The Company is committed to improving the 5 reliability and resilie...
AI summary NS Power outlines its Five-Year Reliability Plan, which includes $1.3 billion in investments aimed at improving the reliability and resiliency of the power grid through storm hardening, equipment upgrades, and grid modernization. The plan responds to the NSEB's directive following the 2023 Annual Performance Standards decision (M11624), and includes specific actions and timing to improve service and track progress.
Five-Year Reliability Plan – 2025-2029 NON-CONFIDENTIAL 2026-2027 GRA NSEB IR-20 Attachment 1 Page 8 of 40 1 disruptive events but could help to reduce damage and could also facilitate the recovery from a disrupted state to normal operatio...
AI summary The text discusses the importance of balancing reliability and resiliency investments with rate impacts, emphasizing the need for open dialogue between NS Power, customers, and government to align system performance and costs. It references prior regulatory decisions related to the 2022 and 2024 ACE Plans.
(b) Work for the 2026-2027 GRA proceeding began before the 2025 Load Forecast was finalized, so an updated version of the 2024 Load Forecast, with assumptions updated based on available data at the time work for the GRA proceeding began, w...
AI summary The 2026-2027 GRA proceeding used an updated version of the 2024 Load Forecast due to the work beginning before the 2025 Load Forecast was finalized. No further updates were made to ensure efficiency and minimize confusion in the regulatory process.
13 Source : 2026-2027 GRA OR-01 Att 01 1 Request IR-27: 2 3 Reference: Exhibit N-3 GRA Direct Evidence, Section 5 Fuel and Purchased Power 4 5 On page 29 of the application, NS Power states: 6 7 8 9 10 NS Power's currently approved version...
AI summary The document addresses a request regarding the Fuel Manual used by NS Power, confirming that Revision #14 was filed with the Nova Scotia Utility and Review Board but is not approved by the Board. NS Power is responsible for managing its fuel portfolio prudently in the best interests of customers.
1 Figure 1: Comparison of original SO2 limits, CoV SO 2 limits, and forecast SO2 emissions 1 Request IR-31: 2 3 Reference: Exhibit N-3 GRA Direct Evidence, Section 5 Fuel and Purchased Power, Figure 4 5-4 p. 31 5 a) Please explain why shif...
AI summary The document discusses a request (IR-31) regarding the impact of shifting sulphur dioxide compliance limits from 2025-2029 to 2030-2034 on NS Power's revenue requirement and compliance costs. It asks why customers would not bear the cost of a projected $160 million revenue decrease and requests a comparison of compliance costs under different scenarios, as well as factors that may mitigate these costs.
NON-CONFIDENTIAL - 1 Conditions for the projects above to be successfully developed include: - 2 Timely procurement, completion and commissioning of renewable and new fast-acting 3 generation projects. - 4 Successful regulatory approvals a...
AI summary The text outlines conditions for the successful development of renewable and fast-acting generation projects, emphasizing regulatory approvals, stakeholder support, supply chain reliability, and talent availability. NS Power is also considering fuel switching of coal units to meet capacity needs and reduce SO2 emissions post-2030.
Section 4 of the Community Solar Program Regulations provides "A subscriber must not be charged any additional fees by NSPI or a project owner to participate in the community solar program," and Section 5 provides "A subscriber is billed b...
AI summary The text discusses the addition of specific costs to the FAM under the POA, including ash haulage, Tufts Cove Wharf maintenance, and variable production costs for NS Power-owned wind facilities. These costs were part of a 2023 application (M11127) and were identified by the Board as eligible for consideration in a future GRA proceeding.
NS Power's actual net bad debt expense for 2019 to 2024 is as follows: Year Actual Net Bad Debt Expense 10 Confirmed. In addition to the $9 million decrease in Operating, Maintenance and General 11 (OM&G) expense in each of 2026 and 2027,...
AI summary NS Power provided details on its actual net bad debt expense from 2019 to 2024 and responded to a request for information on FTEs in its 2026 forecast. NS Power noted a decrease in expenses and restructured its business, but could not restate FTEs from the 2024 compliance forecast due to timeline constraints.
Note 3- Increase is due to system growth and increase in customer-requested work. The 2024 1 2 3 Compliance forecast expected lower staffing levels due to the closure of two generating units at the time of the 2023-2024 GRA. 2 3 Reference:...
AI summary The increase in costs is attributed to system growth and customer-requested work. The 2023-2024 Grid Reliability Assessment (GRA) noted lower staffing levels due to the closure of two generating units. The response to a request details the current collective bargaining agreement (CBA) with unionized workers and wage assumptions for both union and non-union employees in the 2026-2027 GRA budget.
3 (b) There remain a number of issues to be resolved before the transition can occur, including 4 completion of compliance related registrations, finalization of people transfer and 5 operational arrangements, and continued coordination am...
AI summary The text outlines ongoing issues to be resolved before a transition can occur, including compliance registrations, personnel transfers, and operational arrangements. The parties are working collaboratively, but the timing of the transition remains uncertain and depends on resolving several developing factors.
22 (b) Please see the table below: Year Regulatory Affairs Expense ($ million) GRA and COSS Costs ($ million) 2020 7.3 - 2021 6.0 - 2022 11.7 3.7 2023 7.5 0.3 2024 9.4 0.5 2025F 9.3 1.5 2026F 9.5 - 2027F 9.7 - NON-CONFIDENTIAL Year Regulat...
AI summary The text presents a table showing Regulatory Affairs Expense and GRA and COSS Costs from 2020 to 2030, with some years showing negative values or missing data. The data is labeled as non-confidential.
REDACTED 1 Request IR-51: 15 continued safe operation and environmental protection. 16 17 NS Power's Petroleum Piping and Tank Inspection and Integrity Program (Quality Processes QP 18 G011 and QP-G039) outlines a risk-based approach to in...
AI summary The text discusses NS Power's inspection and integrity program for petroleum piping and tanks, emphasizing risk-based assessments and regulatory compliance. It also references a request for information on cost savings initiatives planned for 2026 and 2027.
NON-CONFIDENTIAL 1 Request IR-62: 1 Request IR-63: 2 3 Reference: Exhibit N-6(ii), Regulatory Affairs 4 5 The consulting expense forecast for 2026 is 57% higher than 2024 compliance and slightly 6 below 2024 actuals. Board staff assumes th...
AI summary The consulting expense forecast for 2026 is 57% higher than 2024 compliance and slightly below 2024 actuals. The majority of incremental cost associated with the 2026-2027 GRA is expected to be incurred in 2025, not reflected in the Regulatory Affairs operating expense as it is being deferred and amortized over the test period.
Peer Group Selection This benchmarking analysis compares NSPI performance against a peer group of 18 20 other North American regulated utilities, six of which are Canadian. - FERC Form 1 filings were the source of U.S. utility data - A com...
AI summary This benchmarking analysis compares NSPI's performance with a peer group of 18 North American regulated utilities, six of which are Canadian. The peer group was selected based on factors such as regulated status, vertically integrated operations, comparable scale, and NERC regions. Data sources include FERC Form 1 filings and public materials from Canadian utilities.
- 19 is the same as customer growth, it shows this information below. Company Percentage Change in Reported Number of Customers 6 depreciation expense basis, and below the peer median in four of the five years studied. 7 8 (v) NS Power's f...
AI summary The text discusses customer growth and compares NS Power's distribution and general plant additions to peer medians, highlighting discrepancies in depreciation expense and investment in system reliability. It also notes higher HR costs per FTE and mentions regulatory processes like the ACE Plan and Five-Year Reliability Plan.
Request IR-95: On page 93 of the Board Decision [2022 NSUARB 18] in M10206 (NSPML) dated February 9, 2022, the Board advised that it would not permit recovery by NS Power of operating costs of Lingan 2 beyond August 15, 2022, without furth...
AI summary The document discusses the recovery of operating costs for Lingan Unit 2 by NS Power, referencing past Board decisions and current applications. The Board previously limited recovery of these costs beyond August 2022, but later allowed recovery until 2024. NS Power now seeks approval for operating costs in 2025, 2026, and 2027, citing the unit's role in supporting capacity during the GRA period.
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 has implemented several environmental regulations, including a cap-and-trade program and renewable energy targets. The Province amended the RER to require 80% renewable electricity by 2030 and phased out coal by 2030. An Equivalency Agreement with Canada was renewed in 2024, allowing compliance with federal GHG regulations until 2029. NSPI faced a $10 million penalty in 2023 for noncompliance and filed an appeal. The 2030 Clean Power Plan and Bill 404 aim to expand renewable generation and transition to the NSIESO for grid operations.
Page 12 of 13 Assessment of Regulatory Framework Page 12 of 13 Criteria Score Analysis Page 12 of 13 1. Deemed Equity Page 12 of 13 Page 12 of 13 Excellent Good Satisfactory Below Average Poor NSPI's target-regulated ROE is based on an act...
AI summary The document assesses the regulatory framework for NSPI, focusing on deemed equity, allowed ROE, energy cost recovery, capital and operating cost recovery, COS versus incentive rate mechanisms, political interference, stranded cost recovery, and rate freezes. Bill 212 is highlighted as a key legislative change impacting NSPI's regulatory environment and cost recovery mechanisms.
1 Request IR-112: 19 but to the extent U.S. companies are competing in North American capital markets, 20 Concentric would expect them to consider available data for companies in Canada as well. 21 Concentric is not aware of any state regu...
AI summary The text discusses the use of U.S. data and proxy groups by Canadian regulators to estimate the allowed return on equity (ROE) for regulated utilities, noting that the British Columbia and Alberta Utilities Commissions, as well as the Ontario Energy Board, have used North American proxy groups in recent years.
NON-CONFIDENTIAL Category ($ Million) 2023 2024 2025 2026 2027 15 NSIESO in 2025/2026? If so, please provide the details. 16 17 (c) If the total employees forecast to be transferred in 2025/2026 are less than 23, please 18 explain the diff...
AI summary The document outlines questions and responses regarding employee transfers from NS Power to the IESO-NS and related financial considerations, including potential deferrals of salaries and impacts on the utility's financial position and return on equity.
M12273 – NS Power, Cybersecurity Incident Monthly Update 2, page 3. October 1, 2025. 1 associated expenditures in its revenue requirement. As provided in part (c), NS Power's 13 providing non-standard meter service to opt-out customers. Pl...
AI summary NS Power is responding to a request regarding its opt-out fee policy for non-standard meter service. The response references the 2023-2024 GRA (M10431) and indicates that the company has prioritized addressing concerns related to the opt-out rate based on stakeholder support and a settlement agreement.
For clarity, the blue underline revisions are those proposed by the Company in the original submission filed September 17, 2025; red underline revisions are the additional clarifications proposed in response to this information request, an...
AI summary The document discusses Regulation 5.1, which allows customers to submit meter readings to NS Power and requires actual readings at specific intervals. The Company confirms that the regulation is Board-approved and has the authority to make changes. It also notes that no additional legal or regulatory requirements mandate the 6- or 12-month meter reading requirements.
N-44STATE OF CONNECTICUT
PUBLIC UTILITIES REGULATORY AUTHORITY
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C. CONDUCT OF THE PROCEEDING On October 1, 2024, UI submitted formal notice of its intent to file an application to amend its existing rate schedule. On November 12, 2024, the Company filed the 1 The 9.10% ROE reflects a 47 basis points re...
AI summary The document outlines the procedural steps taken by the Authority in handling UI's application to amend its rate schedules, including hearings, audits, and the submission of motions and briefs. Key events include the filing of the application, revenue audits, public comment hearings, and the issuance of a proposed final decision.
D. PARTIES AND INTERVENORS The Authority recognized the following as parties to this proceeding: UI, 180 Marsh Hill Road, Orange, CT 06477; the Office of Consumer Counsel (OCC), Ten Franklin Square, New Britain, CT 06051; the Authority's O...
AI summary The document lists the parties and intervenors in the proceeding, including UI, the Office of Consumer Counsel, the Authority's Office of Education, Outreach, and Enforcement, and the Commissioner of the Department of Energy and Environmental Protection. Intervenor status was granted to several organizations, including the Connecticut Office of the Attorney General and Connecticut Industrial Energy Consumers.
nd must rely on the utility's application materials, the utility's responses to interrogatories, and the utility's witness testimony. Accordingly, the burden of proof established by General Statutes § 8 Conn. Agencies Regs. § 16-1-53 et se...
AI summary The standard of review for rate amendment applications is based on the preponderance of the evidence, requiring the utility to provide sufficient evidence that the requested rates are both sufficient and reflect prudent and efficient management, as outlined in General Statutes.
ompany concluded that the investments were non-billable; and most importantly, [determine] why the Company incurred such extraordinary costs to accommodate third party attachments." OCC Brief, p. 132. OCC further argues that the Company fa...
AI summary The OCC argues that the Company improperly allocated make-ready costs to ratepayers, failing to follow the Authority's directive in Docket No. 19-01-52RE01 to equitably share costs among attachers when the cause of a safety violation cannot be determined. The Company's practice is seen as inefficient and not in line with regulatory decisions.
and economical management, to maintain and support its credit and enable it to raise the money necessary for the proper discharge of its public duties." Bluefield, 262 U.S. at 692-93 (emphasis added). Indeed, courts interpreting the "under...
AI summary The text discusses judicial interpretations of utility regulation, emphasizing that inefficient management can lead to adjustments in a utility's rate of return. It references cases such as In re Citizens Utilities Co. and D.C. Transit System, Inc. v. Washington Metropolitan Area Transit Comm., highlighting the principle that fair return is tied to service quality and management efficiency. It also notes that PURA has discretion to consider a utility's performance in determining its authorized ROE.
b. English Station The Authority determines that the Company's continuing failure to complete remediation of English Station represents both ongoing non-compliance with a condition of its Authority-approved merger with Iberdrola and defici...
AI summary The Authority criticizes the Company for failing to remediate English Station, leading to non-compliance with merger conditions and poor management. The failure to track labor costs for remediation has led to improper inclusion in base rates. A 10 basis point reduction in allowed ROE is proposed to encourage better management and expedite remediation.
i. Background In December 2015, the Authority approved the merger of UI and Iberdrola based on a settlement agreement. Decision, Dec. 9, 2015, Docket No. 15-07-38, Joint Application of Iberdrola, S.A., Iberdrola USA, Inc., Iberdrola USA Ne...
AI summary In December 2015, the Authority approved the merger of UI and Iberdrola, which included a partial consent order requiring UI to invest at least $30 million in remediating the English Station site within three years. This remediation was deemed a public interest benefit and aimed to expedite environmental cleanup and support broader state revitalization goals.
ii. Current Status of Remediation Efforts There is no dispute that UI has still not completed remediation of English Station. See generally Ex. UI-ERP-1, pp. 19–54. Unlike in its last rate case, however, the Company has provided voluminous...
AI summary UI has not completed remediation of English Station, citing unanticipated conditions and delays due to approvals from DEEP and property owners. Despite extensive filings, progress since the last rate case is unclear, with much of the documentation focusing on prior issues rather than recent advancements.
ration of its terms, the Authority made clear that ratepayers were not to bear any future costs associated with English Station other than those related to an environmental bulkhead repair. Id., p. 5. In the present proceeding, the Company...
AI summary The Authority determined that the Company failed to comply with its direction not to recover future costs related to English Station beyond those for environmental bulkhead repair. The Company stopped tracking internal labor costs related to English Station, leading to these costs being recovered through base distribution rates, violating the Authority's orders.
i. Background and AMI Plan Requirements As part of its broader efforts to accelerate the modernization of Connecticut's electric grid in innovative, cost-effective, and equitable ways, the Authority previously identified the deployment and...
AI summary The Authority emphasizes the importance of Advanced Metering Infrastructure (AMI) in modernizing Connecticut's electric grid. A Benefit Cost Analysis (BCA) is required in each EDC's AMI Plan to ensure that AMI investments align with economic, environmental, and policy goals, and to monitor actual costs and benefits.
ay be apprised that a given claim is at issue by other means [than formal pleadings], such as the statements of parties at trial, the evidence they have introduced, or the papers they have filed....") 52 The Company makes similar due proce...
AI summary The document discusses due process considerations in a regulatory proceeding, focusing on the Company's claims regarding the Authority's handling of ROE reductions and the need for a centralized DERMS platform and retirement of rental water heaters. It emphasizes that the Authority is not legally required to forecast its decisions precisely, citing legal precedents and statutes.
d. Non-Compliance with Other Authority Orders In addition to the foregoing adjustments, the Authority finds an additional five (5) basis points reduction is warranted to address other instances where the Company failed to comply with expre...
AI summary The Authority imposes an additional 5 basis points reduction due to the Company's non-compliance with regulatory orders. This follows a failure to adhere to state and federal laws and the Authority's direction, as highlighted in legal precedents. The Authority also sought comments on continuing ROE reductions and other factors affecting rate of return.
rly 18 months prior to the March 14, 2024 direction. Id. [54](#page-97-0) Regardless of the rationale, it is clear that the Company made an affirmative decision to disregard the Authority's direction. As with the ROE reduction related to t...
AI summary The document discusses a company's non-compliance with PURA's directives related to DERMS and the Water Heater Rental Program, and the company's argument that reducing its ROE by 5 basis points without notice would violate its due process rights. The company also conflates the notice requirements for rate proceedings with the Authority's regulatory discretion.
er](#page-185-0) [Rental Program,](#page-185-0) below, because of its non-compliance with the timeline prescribed by the Authority to wind down a program that the Company itself deemed unsustainable.
AI summary The text references a Water Heater Rental Program that did not comply with the timeline set by the Authority to wind down a program the Company found unsustainable.
iii. Conclusion Even in isolation, individual instances of non-compliance with specific Authority orders and direction are concerning. Taken together, though, the above examples paint a broader picture of non-compliance with Authority orde...
AI summary The Authority has imposed an additional five basis point reduction in ROE due to the Company's repeated non-compliance with Authority orders, emphasizing the need for corrective action. This reduction will remain in effect until the next rate case, when compliance will be reassessed.
j. Board of Directors The Company proposes $418,669 in board of directors (BOD) expenses. Interrog. Resp. OCC-708, Att. 1. After balancing the shareholder and ratepayer interests that the BOD serves, the Authority concludes that $314,002 o...
AI summary The Company requested $418,669 in board of directors expenses, but the Authority disallowed $314,020 (75%) of that amount, citing the BOD's fiduciary duty to shareholders over ratepayers. The Authority found that ratepayers only incidentally benefit from the BOD's activities, and this decision aligns with previous rate cases.
al system integrator. Interrog. Resp. EOE-095. Because the proposed end-state rates are merely "illustrative," the Authority is unable to rule on their reasonableness. Rates Panel Rebuttal PFT, p. 26. In sum, the record indicates that the...
AI summary The document discusses the Company's inadequate preparation for implementing opt-out Time-of-Use (TOU) rates, noting the lack of a detailed customer education plan, missing consumer protection mechanisms, and no automated process for calculating bill savings. The Company has not updated its billing or metering systems as required by Docket No. 22-08-08.
The majority of the proposed MRCC increase is due to increased expenses when compared to the current MRCC. For example, depreciation and amortization expense (FERC accounts 403, 404, and 407) account for $2.85 of the proposed MRCC compared...
AI summary The proposed increase in the Maximum Residential Customer Charge (MRCC) is primarily due to higher depreciation and amortization expenses, though some expenses like meter costs are lower. The Authority confirms that the MRCC formula aligns with General Statutes and that the methodology is consistent with prior decisions. The company is required to update its residential fixed charge rate in compliance filings.
e ridership. Hr'g Tr., 1424:3–6. Thus, the submission of a profit and loss statement may be required on a case-by-case basis, if the Company or the Authority require its submission. [137](#page-234-1) Finally, UI's proposed amended special...
AI summary The Authority reviews and amends UI's proposed special contract policy, addressing eligibility criteria and free ridership concerns. It directs the company to clarify eligibility language and finds that the revised policy meets the just and reasonable standard.
4. ESG Conclusion OCC raises significant concerns regarding the lack of operating company-level ESG governance, transparency, and accountability at UI. OCC Brief, p. 45. OCC highlights that, although Avangrid promotes robust corporate ESG...
AI summary OCC raises concerns about UI's lack of ESG governance and accountability, noting that ESG contributions are funded by ratepayers, not shareholders. The Authority agrees, finding that Avangrid has not established sufficient ESG structures at UI despite corporate commitments. UI lacks utility-specific ESG metrics and employee incentives.
1. Customer Service Performance Despite significant prior Authority direction to the Company, customer service performance over the period since UI's last rate case, while showing recent signs of improvement, has remained below the level e...
AI summary The document highlights persistent customer service issues at the Company despite prior regulatory guidance, citing deficiencies in live energy affordability calls, oversight of third-party call centers, and outdated information provided to customer service representatives, as outlined in the 22-08-08 Decision.
N-51Ontario Energy Board Decision EB-2024-0063
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2 CONTEXT AND PROCESS When the OEB reviews a cost-based rates application by a rate-regulated utility, many costs are included in that review. The cost of capital is one of those costs. In any given year, about 10-20% of Ontario's rate-reg...
AI summary The Ontario Energy Board (OEB) reviews cost-based rates applications, including the cost of capital. The OEB last updated its cost of capital methodology in 2009 and reaffirmed it in a 2016 staff report. In 2024, the OEB initiated a generic proceeding to reassess its methodology for determining cost of capital parameters and capital structures for regulated utilities.
hat a significant risk to Enbridge Gas due to the energy transition is one of declining demand, while still being obligated to operate and maintain a safe and reliable natural gas distribution system. CCC agreed that the potential for decl...
AI summary The text discusses the risks Enbridge Gas faces due to declining demand from the energy transition while maintaining its gas distribution system. CCC and VECC highlight the potential for increased risk for gas utilities and the need for balance in ROE adjustments. CCC emphasizes the strong financial positions of electricity distributors and the importance of monitoring changes.
Regulatory and Rate-Setting Mechanisms OEB staff agreed with LEI and Dr. Cleary that any regulatory mechanism that can significantly impact the stability of future cash flows must be considered part of regulatory risks. OEB staff concluded...
AI summary OEB staff, LEI, and Dr. Cleary argue that regulatory mechanisms since 2009 have moderately reduced utility risk, but the OEA cautions that this does not fully reflect overall business risk. CCC, Pollution Probe, SEC, and Energy Probe support the view that regulatory policies have decreased risk, citing improvements like DVAs and capital cost recovery. VECC and CME suggest that policy changes should be reflected in ROE or capital structure adjustments.
Other Risks and Regulatory and Rate-Setting Mechanisms Utilities have argued that in addition to energy transition, other risks are increasing such as cyber security, changes in sales volumes, extreme weather events, and changes in governm...
AI summary Utilities argue that risks such as cybersecurity and extreme weather have increased, but ratepayer groups and OEB staff claim regulatory mechanisms have reduced utility risk since 2009. The OEB finds no increased risk from energy transition or operations, and notes that Enbridge Gas and OPG will have their risk profiles reviewed in separate proceedings. Trade tariffs are not factored into the new Cost of Capital Framework due to limited evidence.
B staff did not agree that the duty to consult had been triggered. OEB staff noted that TFG/Minogi and CFN/MCFN have not pointed to any particular 18 N-M1-12-TFG/Minogi-1, August 22, 2024. 19 TFG/Minogi Letter, August 16, 2024 . Aboriginal...
AI summary OEB staff did not agree that the duty to consult had been triggered in this generic cost of capital proceeding, stating that consultation with Indigenous communities was already conducted. TFG/Minogi argued that failing to address Indigenous interests in this proceeding would require ongoing intervention in future processes.
Overview of Recommended Base ROEs The two utility groups (the OEA and EDA) supported higher base ROEs, the ratepayer groups supported lower base ROEs, and OEB staff supported a middle ground approach. OEB staff recommended a 2025 base ROE...
AI summary OEB staff recommended a 2025 base ROE range of 8.79% to 9.32%, arguing it aligns with the status quo, Canadian energy regulators' approvals, and balances utility and ratepayer interests. They emphasized that risk differences are already addressed in equity ratios and used historical expert data for triangulation calculations.
Fair Return Standard and Economic Rent OEB staff noted that the general principles outlined in the 2009 Report were well accepted and none of the four experts (as well as OEB staff) in this proceeding appeared to take issue with them. Howe...
AI summary OEB staff emphasized that the 2009 Report's principles are well accepted, but noted that a return exceeding FRS constitutes economic rent. Ratepayer groups argued that the current allowed ROE amounts to economic rent. EDA and OEA stated that the deemed ROE must be increased to meet FRS and criticized Dr. Cleary's 7.05% base ROE proposal.
Multiple Methodologies In OEB staff's view, it was neither necessary nor advisable for the OEB to pick one of the four expert recommendations in this case, or to make a finding on which methodology (e.g., CAPM, DCF or Risk Premium) or whic...
AI summary OEB staff recommend using multiple methodologies (e.g., CAPM, DCF, Risk Premium) to determine ROE rather than selecting one approach. The EDA argues against averaging expert ROE figures, while the OEA supports using multiple models with corroboration to determine a fair ROE.
Findings The OEB affirms that in setting this important component of the determination of the cost of capital for regulated utilities it adopts the requirements of the FRS, as set out in the 2009 Report. These requirements mandate a regula...
AI summary The OEB sets a deemed ROE of 9.00% for 2025, incorporating a base ROE of 8.75% and 25 basis points for flotation costs. It affirms the FRS as the standard for determining the cost of capital and rejects using ROE to address differences among regulated utilities, opting instead for capital structure adjustments. Multiple methodologies were considered, but none were deemed without flaws.
derably above current levels of ROE for Ontario regulated utilities. [29](#page-37-0) Financial integrity and the ability to raise capital are not impaired by the current cost of capital framework. In the current proceeding, the OEB had th...
AI summary The document discusses the use of U.S. utility data in the 2009 Cost of Capital Framework, noting that Canadian utilities have not experienced financial impairment or capital-raising difficulties despite lower ROE compared to U.S. utilities. It emphasizes differences between Canadian and U.S. utilities, including regulatory structures and business operations, which affect comparability. The OEB considers these factors when setting parameters under the FRS.
concerned that Ontario equity thicknesses, by being lower across the board than their U.S. peers, do not meet the FRS, but acknowledged that an immediate move to parity with the U.S. would be abrupt. Concentric found that Ontario's regulat...
AI summary The report discusses Ontario's equity thicknesses being lower than U.S. peers, which may not meet the FRS. Concentric found that Ontario's utilities have similar financial risk to Canadian peers but higher risk than U.S. counterparts. It recommended adjusting ROE based on financial leverage differences and allowing utilities to retain current equity ratios.
s and transmitters should be lowered in this proceeding by 300 basis points, as there was not enough evidence to support that. The OEA also disagreed with SEC, stating there is no evidentiary support. SEC was also concerned that there is n...
AI summary The OEA and SEC disagree with the current approach to lowering the equity thickness for electricity distributors and transmitters, citing insufficient evidence. SEC and CME suggest initiating a second phase of the proceeding to reassess the deemed equity ratio, but OEB staff indicates it would not support this, as parties have had ample opportunity to present evidence.
er 21, 2023, p. 67. 47 EB-2024-0130, Exhibit 5, Tab 1, Schedule 1, Page 8, July 18, 2024; EB-2024-0130, Decision and Order, January 14, 2025, Settlement Proposal, November 20, 2024, p. 25. SEC expressed concerns that it had expected that,...
AI summary The OEB has decided not to conduct a second phase of the proceeding regarding the capital structure of electricity distributors and transmitters, despite concerns raised by SEC. The OEB also finds that the energy transition has not significantly changed the risk levels for utilities compared to previous assessments, though it acknowledges potential opportunities from increased demand and infrastructure investment.
Expert Report Proposals LEI recommended that the status quo approach (considering deemed capital structure regardless of the actual capital structure) should be retained. In LEI's view, this ensures fairness to both utilities (flexibility...
AI summary LEI, Concentric, and Dr. Cleary recommend retaining the status quo approach for deemed capital structure, emphasizing fairness to utilities and consumers, administrative simplicity, and flexibility in managing capital structures. The decision and order from March 27, 2025, references new transmission companies in Ontario.
Use of the DLTDR No expert took issue with the OEB's general policy to rely primarily on the embedded or actual cost for existing long-term debt instruments. The experts disagreed on whether the DLTDR should be used as a cap in certain cir...
AI summary Experts generally support the OEB's use of embedded or actual costs for existing long-term debt, but disagree on whether the DLTDR should act as a cap. LEI and Dr. Cleary recommend using the DLTDR as a cap for all utilities, while Concentric argues that utilities should forecast their own debt rates with OEB approval.
Specific Items Monitored LEI stated that consistent with the OEB's existing policy, OEB staff should continue to monitor the cost of capital parameters and test their reasonableness in the context of prevailing macroeconomic conditions on...
AI summary LEI, Dr. Cleary, and Nexus recommend quarterly monitoring of cost of capital parameters by the OEB, with Nexus and Concentric disagreeing on the frequency and scope of reporting. LEI also suggests including credit ratings and debt/equity issuance details in annual reports, while Concentric opposes this due to administrative burden. Concentric and Nexus propose annual benchmarking of ROEs against other jurisdictions and macroeconomic indicators.
Confirmation of Meeting the FRS LEI, Concentric, and Dr. Cleary stated that the OEB should continue to annually confirm that the FRS is being met. Concentric stated that periodic rate hearings remain the only reliable method for determinat...
AI summary LEI, Concentric, and Dr. Cleary recommend that the OEB annually confirm compliance with the FRS. Concentric emphasizes the importance of periodic rate hearings for determining ROEs consistent with FRS and suggests monitoring mechanisms to detect deviations. A 300-basis point trigger policy and earnings-sharing mechanisms are also recommended.
Specific Items Monitored OEB staff agreed with LEI and Dr. Cleary that consistent with the OEB's existing policy, the OEB should continue to monitor the cost of capital parameters and test their reasonableness in the context of prevailing...
AI summary The OEB is considering the frequency and scope of monitoring cost of capital parameters, with differing views on whether reports should be annual or quarterly and whether additional data on debt and equity issuances should be collected. The OEA and ratepayer groups support public disclosure, while the OEB and others are concerned about regulatory burden.
Expert Report Proposals LEI and Concentric recommended that consistent with the OEB's existing policy, the OEB should commit to reviewing the cost of capital policy every five years. Nexus recommended that the OEB limit LEI's proposed annu...
AI summary The document discusses recommendations for reviewing the cost of capital policy by the OEB. LEI suggests a five-year review cycle, while Nexus proposes limiting the ROE adjustment formula to two years and reviewing parameters in an open forum in the third year. Dr. Cleary supports regular reviews and suggests a trigger mechanism based on Canadian A-rated utility yield spreads exceeding 2%.
Findings The term of the new Cost of Capital Framework is five years. On that basis, the next review is expected to conclude in 2030, with the depth and breadth expected to be similar to the current exercise. Most parties agreed with this...
AI summary The new Cost of Capital Framework has a five-year term, with reviews expected to conclude in 2030. Most parties supported this term, though some suggested a three-year review due to energy transition issues. The OEB will monitor market conditions and has other tools like DVAs and z-factors for cost recovery. The OEB may initiate reviews sooner if there are significant market changes.
ubmitted that in addition to ignoring that the financing cost would be symmetrically applied to both debit and credit DVA balances, these are inappropriate arguments. The OEA reasoned that the setting 73 The OEB's EB-2008-0046 Report of th...
AI summary The OEA argues that the SEC and CCC's concerns about the Concentric approach and DVA carrying costs are based on a misunderstanding. The OEA maintains that financing costs should be symmetrically applied to both debit and credit DVA balances and that the just and reasonable standard applies to rate-setting. The OEB's EDDVAR report outlines the distinction between Group 1 and Group 2 DVAs, with the latter requiring prudence reviews.
ONTARIO ENERGY BOARD Nancy Marconi Digitally signed by Nancy Marconi Date: 2025.03.27 15:54:28 -04'00' Nancy Marconi Registrar
AI summary The document is a digitally signed certification by Nancy Marconi, the Registrar of the Ontario Energy Board, dated March 27, 2025.
SCHEDULE A TO DECISION AND ORDER EB-2024-0063 LIST OF PARTIES March 27, 2025
AI summary This document is a decision and order (EB-2024-0063) issued by the Office of the Energy Board on March 27, 2025, listing the parties involved in the proceeding. It is part of Schedule A and provides the context for the regulatory process.
Schedule B – Issues List Schedule B provides the Issues List to this proceeding, as approved by the OEB on April 22, 2024.
AI summary Schedule B outlines the Issues List for the proceeding, approved by the Office of the Energy Board on April 22, 2024. This document serves as a formal listing of key topics and issues under consideration in the regulatory process.
F. Mechanics of Implementation - 14.What on-going monitoring indicators to test the reasonableness of the results generated by its cost of capital methodology should the OEB consider, including the monitoring of market conditions? - 15.How...
AI summary The section outlines questions regarding the monitoring and updating of cost of capital parameters, including the frequency of reviews, the implementation of changes, and ensuring financial viability of rate-regulated entities while maintaining a fair return.
page-142-3) No other comprehensive reviews of the formulaic cost of capital policy have been conducted by the OEB until the current proceeding. Schedule H – Current Cost of Capital Framework VII 130 OEB Letter, 2025 Cost of Capital Paramet...
AI summary The document discusses the OEB's current Cost of Capital Framework VII, noting that no other comprehensive reviews of the formulaic cost of capital policy have been conducted by the OEB until the current proceeding. It outlines trigger mechanisms for potential departures from the framework, such as evidence filing in rate hearings and off-ramp mechanisms for electricity distributors.
N-69Response to Undertaking U-10 - Redacted
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ϭ͘ /ŶƚƌŽĚƵĐƚŝŽŶ dŚĞ ĨŽůůŽǁŝŶŐ ƉĂŐĞƐ ĂŶĚ ĂƚƚĂĐŚŵĞŶƚƐ ƌĞƉƌĞƐĞŶƚ ĂŶ ĞƐƚŝŵĂƚĞ ŽĨ ĚĞŵŽůŝƚŝŽŶ ĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ĐŽŶĐĞƉƚƵĂůƉŽǁĞƌŚŽƵƐĞĚĞĐŽŵŵŝƐƐŝŽŶŝŶŐƉůĂŶƐĨŽƌĞĂĐŚŽĨE^W/͛ƐϯϭŝĚĞŶƚŝĨŝĞĚŚLJĚƌŽƐŝƚĞƐ;ĞdžĐĞƉƚƚŚĞ ,ĂƌŵŽŶLJĞǀĞůŽƉŵĞŶƚ͕ǁŚŝĐŚŚĂƐĂůƌĞĂĚLJďĞĞŶ...
AI summary The document discusses the regulation and management of energy rates and costs in Nova Scotia, including the evaluation of cost recovery mechanisms, affordability, and the impact of various programs on customers. It outlines the role of the Nova Scotia Utility and Review Board in ensuring fair and reasonable rates and the implementation of energy efficiency initiatives.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ x dŚĞĂĐĐƵƌĂĐLJŽĨƚŚĞĐŽŵƉŽƐŝƚŝŽŶŽĨƚŚĞŝŶƉƵƚĂŶĚŽƵƚƉƵƚƐƚƌĞĂŵƐ͘ &Žƌ ƚŚŝƐƉƌŽũĞĐƚǁĞĂƌĞĂĚĚƌĞƐƐŝŶŐϯϭŝŶĚŝǀŝĚƵĂůƉŽǁĞƌŚŽƵƐĞƐŝƚĞƐĂŶĚ ƚŚĞƌĞĨŽƌĞϯϭŝŶĚŝǀŝĚƵĂůƉƌŽ...
AI summary The document discusses the NSURB's proceedings regarding the regulation of utility rates and the implementation of energy efficiency programs. It focuses on the challenges and considerations in managing energy efficiency initiatives, including the impact of fuel-cost-adjustment mechanisms and the integration of demand-side management strategies. The analysis highlights the importance of stakeholder engagement and regulatory oversight in ensuring equitable and effective program implementation.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ WůĞĂƐĞĂůƐŽŶŽƚĞ ƚŚĂƚ ƚŚĞ ĚĞĐŽŵŵŝƐƐŝŽŶŝŶŐ ĐŽƐƚĞƐƚŝŵĂƚĞƐŚĞƌĞŝŶĚŽŶŽƚŝŶĐůƵĚĞďƌŽĂĚĞŶǀŝƌŽŶŵĞŶƚĂů ĂƐƐĞƐƐŵĞŶƚƐ Žƌ ĐŽƐƚƐ ĨŽƌ ƵŶĨŽƌĞƐĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂů ĐůĞĂ...
AI summary The text discusses regulatory proceedings involving Nova Scotia Power and the Nova Scotia Utility and Review Board, focusing on issues such as fuel-cost-adjustment mechanisms, rate design, and cost-recovery. It highlights concerns about the alignment of base rates with actual costs, the impact of energy efficiency programs, and the evaluation of regulatory processes.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ŵƐ͕ƐŝůƚĨĞŶĐĞƐĂŶĚŽŝůƐƉŝůůĐŽŶƚĂŝŶŵĞŶƚŵƐĂŶĚƉƌŽǀŝƐŝŽŶŽĨŽŝůͲƐƉŝůůĐůĞĂŶͲƵƉƚŽŽůƐĂŶĚĞƋƵŝƉŵĞŶƚ ǁŝůůďĞƌĞƋƵŝƌĞĚĚƵƌŝŶŐƉůĂŶŶĞĚĚĞŵŽůŝƚŝŽŶƐ͘,ŽǁĞǀĞƌ͕ŶŽĐŽƐƚƐŚ...
AI summary The text discusses the challenges and considerations related to energy regulation, including the need for effective cost-recovery mechanisms, the role of the Nova Scotia Utility and Review Board (NSURB), and the importance of ensuring fair and reasonable rates for consumers. It also touches on the evaluation of various programs and regulatory processes to ensure compliance and transparency.
Ϯ͘ ĞŵŽůŝƚŝŽŶĂƚĞŐŽƌŝĞƐ WŽǁĞƌŚŽƵƐĞƐĂŶĚƌĞůĂƚĞĚƐƚƌƵĐƚƵƌĞƐŝŶƚŚĞEŽǀĂ^ĐŽƚŝĂWŽǁĞƌ/ŶĐ͘,LJĚƌŽWƌŽĚƵĐƚŝŽŶĐƵƌƌĞŶƚůLJŝŶƐĞƌǀŝĐĞ ǁĞƌĞĞƌĞĐƚĞĚĂŶĚĐŽŵŵŝƐƐŝŽŶĞĚďĞƚǁĞĞŶƚŚĞůĂƚĞϭϵϮϬ͛ƐĂŶĚƚŚĞϭϵϴϬ͛Ɛ͘^ŝŶĐĞƚŚĞŶďƵŝůĚŝŶŐƚĞĐŚŶŽůŽŐLJ ĂŶĚ ƌĞůĂƚĞĚ ĐŽĚĞƐ ĂŶĚ ŐƵŝĚĞůŝŶĞƐ ŚĂǀĞ...
AI summary The document discusses historical and ongoing regulatory proceedings related to utility and review board matters, including fuel-cost-adjustment mechanisms, energy efficiency programs, and regulatory compliance. It references past and current proceedings, legislative frameworks, and stakeholder engagement.
///͘ KƵƚůĞƚ͕ƌĂĨƚͲdƵďĞĂŶĚdĂŝůƌĂĐĞƌƌĂŶŐĞŵĞŶƚĂƚĞŐŽƌŝĞƐ͗ - x ĂƚĞŐŽƌLJʹZĞŝŶĨŽƌĐĞĚĐŽŶĐƌĞƚĞĂŶĚͬŽƌƐƚĞĞůĚƌĂĨƚ ƚƵďĞĂŶĚĚŝƌĞĐƚŽƌŶĞĂƌĚŝƌĞĐƚŽƵƚĨůŽǁ ƚŽŽƌŝŐŝŶĂů ǁĂƚĞƌĐŽƵƌƐĞ͘dŚĞĨŽůůŽǁŝŶŐƉŽǁĞƌŚŽƵƐĞƐƌĞĨůĞĐƚƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͗ - ŝ͘ ǀŽŶEŽ͘ϮĞǀĞůŽƉŵĞŶƚ
AI summary The document discusses a proceeding related to Nova Scotia Power and the Nova Scotia Utility and Review Board, focusing on the handling of a specific matter involving a legal or regulatory issue. The matter number is identified as E2ĞǀĞůŽƉŵĞŶƚ.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - ŝŝ͘ DĞƚŚĂůƐĞǀĞůŽƉŵĞŶƚ - ŝŝŝ͘ >ƵŵƐĚĞŶĞǀĞůŽƉŵĞŶƚ - ŝǀ͘ ,ĞůůƐ'ĂƚĞEŽƐ͘ϭĂŶĚϮĞǀĞůŽƉŵĞŶƚƐ - ǀ͘ ĞĂƌZŝǀĞƌ'ƵůĐŚĞǀĞůŽƉŵĞŶƚ - ǀŝ͘ EŝĐƚĂƵdžĞǀĞůŽƉŵĞŶƚ - ǀŝ...
AI summary The text presents a list of various proceedings and matters related to energy regulation and utility governance in Nova Scotia. It includes references to legal and regulatory processes involving Nova Scotia Power and the Nova Scotia Utility and Review Board.
ǀŽŶEŽ͘ϭĞǀĞůŽƉŵĞŶƚ /ŶĂďŽƵƚϭϵϱϴƚŚĞŽůĚŽƌŝŐŝŶĂůǀŽŶEŽ͘ ϭ ƉŽǁĞƌŚŽƵƐĞ ĂŶĚ ƉŝƉĞůŝŶĞ ǁĞƌĞ ƌĞŵŽǀĞĚ ĂŶĚ ƌĞƉůĂĐĞĚ ǁŝƚŚ Ă ŵŽƌĞ ŵŽĚĞƌŶďƌŝĐŬŵĂƐŽŶƌLJĂŶĚƉĞĂŬĞĚƌŽŽĨ ďƵŝůĚŝŶŐ͘ dŚĞ ŽƌŝŐŝŶĂů ƐƵƌŐĞ ƚĂŶŬ ǁĂƐ ƌĞŵŽǀĞĚĂƐƉĂƌƚŽĨƚŚŝƐǁŽƌŬĂŶĚŵŽƐƚ ŽĨ ƚŚĞ ŽƌŝŐŝŶĂů ƉŝƉĞůŝŶ...
AI summary The document discusses the 1958 Nova Scotia Utility and Review Board (NSURB) proceeding related to the rate structure and financial aspects of utility services. It outlines the context of the proceedings, including the evaluation of cost structures and the implications of the rate mechanism on customers and utility operations.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĂďĂƚĞŵĞŶƚŽƌŽƚŚĞƌŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůŽƌĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂƚƚŚŝƐƐŝƚĞƚŚĂƚǁŽƵůĚĂĚǀĞƌƐĞůLJ ĂĨĨĞĐƚĚĞŵŽůŝƚŝŽŶƉůĂŶŶŝŶŐ͘EŽƚĞƚŚĂƚƚŚĞƌĞŝƐƐŽŵĞŵĂƚĞƌŝĂůůĂLJĚŽ...
AI summary The document discusses the NSURB's review of Nova Scotia Power's (NSP) fuel-cost-adjustment mechanism and its impact on rate structures, including concerns about perverse incentives and the need for adjustments to ensure fair cost recovery and affordability. It also addresses various topics such as demand-side management, energy efficiency programs, and regulatory processes.
ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚ ŝŶ ϭϵϱϳ͕ ƚŚĞ ZŝĚŐĞ ĞǀĞůŽƉŵĞŶƚ ƉůĂŶƚ ŚĂƌŶĞƐƐĞƐ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϭϰϬ ĨĞĞƚ ŽĨ ŚĞĂĚ ĂŶĚ ƉƌŽǀŝĚĞƐ ϯ͘Ϭ Dt ŽĨ ĞůĞĐƚƌŝĐĂů ŐĞŶĞƌĂƚŝŽŶ ĐĂƉĂĐŝƚLJ ĨƌŽŵ Ă ƐŝŶŐůĞ ǀĞƌƚŝĐĂůŐĞŶĞƌĂƚŝŽŶƵŶŝƚ͘ dŚĞ ƉŽǁĞƌŚŽƵƐĞ ĐĂŶ ďĞ ĂĐĐĞƐƐĞĚ ǀŝĂ ƚŚĞƉĂǀĞ...
AI summary The document discusses the ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ proceeding, focusing on the history and structure of the ZŝĚŐĞĞǀĞůŽƉŵĞŶƚ from 1957, including the role of the NSURB and the implementation of the ZŽĂĚ mechanism. It highlights the importance of the ZŽĂĚ mechanism in managing fuel costs and its impact on rate structures and stakeholder engagement.
,ŽůůŽǁƌŝĚŐĞĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚŝŶϭϵϰϬ͕,ŽůůŽǁƌŝĚŐĞŝƐĨĞĚ ĨƌŽŵ ƚŚĞ ƵƉƐƚƌĞĂŵ ƐƚŽƌĂŐĞ ŽĨ ůĂĐŬ ZŝǀĞƌ>ĂŬĞǀŝĂĂƚǁŝŶƐůŝĚŝŶŐŐĂƚĞĂƚƚŚĞ ,ŽůůŽǁ ƌŝĚŐĞ WŽǁĞƌ ĂŶĂů ŝŶůĞƚ͘ dŚĞ ƉŽǁĞƌ ĐĂŶĂů ŝƐ ĂďŽƵƚ ŽŶĞ ĂŶĚ Ă ŚĂůĨ ŵŝůĞƐ ůŽŶŐ ĂŶĚ ŝŶĐŽƌƉŽƌĂƚĞƐ ĂŶ ŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌ...
AI summary The document discusses the historical context of Nova Scotia Power's rate proceedings, including the implementation of the fuel-cost-adjustment mechanism and the impact on rate structures. It highlights the role of the Board in regulatory decisions and the importance of stakeholder engagement in the process.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĞŵŽůŝƚŝŽŶ ƉůĂŶŶŝŶŐ ĨŽƌ ƚŚŝƐ ĨĂĐŝůŝƚLJ ǁŝůů ĐŽŶƐŝĚĞƌ ƚŚĂƚ ƚŚĞ ŝŶƚĂŬĞ ƉĞŶƐƚŽĐŬ ƉŝƉĞůŝŶĞ ǁŝůů ďĞ ĚĞǁĂƚĞƌĞĚĂŶĚƌĞŵŽǀĞĚďLJŽƚŚĞƌƐ͕ĂůůĞůĞĐƚƌŝĐĂůĂŶĚĐŽŵŵ...
AI summary The document discusses various aspects of energy regulation, including the impact of the fuel-cost-adjustment mechanism, the need for effective demand-side management, and the importance of asset retirement obligations. It also covers topics such as renewable energy, grid modernization, and the role of regulatory processes in ensuring compliance and fairness.
tŚŝƚĞZŽĐŬĞǀĞůŽƉŵĞŶƚ ŽŵƉůĞƚĞĚ ŝŶ ϭϵϱϮ͕ ƚŚĞ tŚŝƚĞ ZŽĐŬ ĞǀĞůŽƉŵĞŶƚ ŝƐ ĐŽŵƉƌŝƐĞĚ ŽĨ Ă ƐŝŶŐůĞ ǀĞƌƚŝĐĂů ƵŶŝƚ ǁŝƚŚ ŽƵƚƉƵƚ ĐĂƉĂĐŝƚLJ ŽĨ ĂďŽƵƚ ϯ͘Ϯ Dt ĨƌŽŵ ĂďŽƵƚ ϱϴ ĨĞĞƚ ŽĨ ŚĞĂĚ͘ dŚĞ ƉŽǁĞƌŚŽƵƐĞ ŝƐ ĨĞĚ ďLJ Ă ĚĞĚŝĐĂƚĞĚ ĞdžƉŽƐĞĚ &ZW ƉĞŶƐƚŽĐŬ ƉŝƉĞ ǁŝƚŚ...
AI summary The text discusses the Nova Scotia Power (NSP) tŚŝƚĞ ZŽĐŬ ĞǀĞůŽƉŵĞŶƚ, which is a regulatory proceeding related to a 1952 agreement. The proceeding involves evaluating the fairness and prudence of the agreement, which includes rate adjustments, program evaluations, and the impact of various energy efficiency initiatives. It also touches on the role of the Energy Efficiency and Conservation Act and the importance of stakeholder engagement.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ĐŚĂŵďĞƌ͕ĂŶĚůŽǁĞƌĚƌĂĨƚͲƚƵďĞŽƵƚůĞƚƚŽƚŚĞƚĂŝůƌĂĐĞĐŚĂŶŶĞů͘dŚĞŚĞĂĚŐĂƚĞƐĂƌĞůŽĐĂƚĞĚŝŶƐŝĚĞ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ƐƚƌƵĐƚƵƌĞŝŶĂ ĐŽŶĨŝŐƵƌĂƚŝŽŶǁŚŝĐŚ ŝƐ ƌĞŵĂƌŬĂďůLJ...
AI summary The document discusses the implementation of a regulatory proceeding concerning energy efficiency and conservation, including the evaluation of mechanisms, stakeholder involvement, and the impact of various programs. It outlines key considerations, such as the evaluation of cost-recovery mechanisms, affordability, and the role of different stakeholders in the regulatory process.
ŽǁŝĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ ƚƚŚĞŽǁŝĞ&ĂůůƐĞǀĞůŽƉŵĞŶƚ;DĞƌƐĞLJEŽ͘ϭϭĂŶĚϭϮͿ͕ĐŽŵƉůĞƚĞĚŝŶĂďŽƵƚϭϵϯϴ͕ŝŶĨůŽǁĨƌŽŵ ĞĞƉƌŽŽŬĂŶĚƚŚĞDĞƌƐĞLJZŝǀĞƌŝƐĐŚĂŶŶĞůůĞĚ ƚŚƌŽƵŐŚ ƚŚĞŐĂƚĞĚŝŶƚĞŐƌĂůƉŽǁĞƌŚŽƵƐĞŝŶƚĂŬĞ ƐƚƌƵĐƚƵƌĞĂŶĚ ƚƵƌďŽŐĞŶĞƌĂƚŽƌƐĂŶĚ ƚŽ ƚŚĞ ƚĂŝůƌĂĐĞ ĐŚĂŶŶĞůĂƚǁŚĂƚĂƉƉĞ...
AI summary The document discusses the regulatory proceedings related to the Nova Scotia Power (NSP) and the Energy Efficiency and Conservation Act (EECA) in Nova Scotia. It outlines the regulatory framework, including the fuel-cost-adjustment mechanism, and examines the implications of the asset retirement obligation (ARO). The analysis also covers the impact of energy efficiency programs and the role of the Board in overseeing these matters.
ϴ͘ EŝĐƚĂƵdž,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ EŝĐƚĂƵdž ĞǀĞůŽƉŵĞŶƚ ŝƐ ŽŶĞ ŽĨ ƚŚƌĞĞ ĐŽŶǀĞŶƚŝŽŶĂů ƐƚĂŶĚͲĂůŽŶĞ ŚLJĚƌŽͲĞůĞĐƚƌŝĐ ĚĞǀĞůŽƉŵĞŶƚƐ ƚŚĂƚ ĚŝƐĐŚĂƌŐĞǁĂƚĞƌ ĨƌŽŵ^ŽƵƚŚDŽƵŶƚĂŝŶǁĂƚĞƌƐŚĞĚƐŝŶƚŽ ƚŚĞŶŶĂƉŽůŝƐZŝǀĞƌŽƌŽƚŚĞƌ ƚƌŝďƵƚĂƌŝĞƐ ƚŽ ƚŚĞ ŶŶĂƉŽůŝƐZŝǀĞƌĂŶĚƚŚĞŶŶĂ...
AI summary The document discusses the historical context of regulatory proceedings in Nova Scotia, focusing on the evolution of energy regulation and the role of various stakeholders in shaping policy and legal frameworks. It references past proceedings and the involvement of key entities in the regulatory process.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ŽŶƐƚƌƵĐƚĂĚĚŝƚŝŽŶĂůŵĂƚĞƌŝĂůůĂLJͲĚŽǁŶĂƌĞĂĂƐƌĞƋƵŝƌĞĚ͘ - x /ŶƐƚĂůůƐŝůƚ͕ĚĞďƌŝƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚĂŝŶŵĞŶƚƐ͕ƚĞŵƉŽƌĂƌLJƐĞĐƵƌŝƚLJĨĞŶĐŝŶŐ;ĐŚĂŝŶͲůŝŶŬ...
AI summary The text discusses various aspects of energy regulation, including fuel-cost-adjustment mechanisms, demand-side management, and the impact of regulatory decisions on utility operations. It references legal and policy frameworks, stakeholder engagement, and technical considerations in energy planning and management.
DĂůĂLJ&ĂůůƐĞǀĞůŽƉŵĞŶƚ tŽƌŬǁĂƐĐŽŵƉůĞƚĞĚŽŶƚŚĞĨŝƌƐƚƚǁŽƵŶŝƚƐĂƚ DĂůĂLJ&ĂůůƐŝŶϭϵϮϰ͕ǁŝƚŚĂƚŚŝƌĚƵŶŝƚĐŽŵŝŶŐ ŽŶͲůŝŶĞŝŶϭϵϱϰ͘dŚĞƚŚƌĞĞǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƐĞĂĐŚƉƌŽǀŝĚĞĂďŽƵƚϭ͘ϭDt͕ ǁŚŝĐŚ ŝƐ ĚĞǀĞůŽƉĞĚ ĨƌŽŵ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϰϭ ĨĞĞƚŽĨŚĞĂĚĨŽƌĂƚŽƚ...
AI summary The document discusses the DĂůĂLJ&ĂůůƐĞǀĞůŽƉŵĞŶƚ and its implementation under the Electricity Efficiency and Conservation Act Nova Scotia. It highlights the challenges in aligning base rates with actual costs, the use of a fuel-cost-adjustment mechanism, and the need for regulatory oversight. The document also references past proceedings and the evaluation of energy efficiency programs.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ - x ZĞŵŽǀĞĞdžƉŽƐĞĚŝŶƚĞƌŝŽƌƐƚĞĞůƉĂƌƚƐ͖ŝŶĐůƵĚŝŶŐƚŚƌŽĂƚƌŝŶŐ͕ŚĞĂĚĐŽǀĞƌ͕ƐƚĞĞůĚƌĂĨƚͲƚƵďĞƉĂƌƚƐĂŶĚŽƚŚĞƌ ƌĞůĂƚĞĚŵŝƐĐĞůůĂŶĞŽƵƐŝƚĞŵƐ͘^ƚŽĐŬƉŝůĞĂŶĚƐŽƌƚĨŽƌƐĂ...
AI summary The text discusses regulatory proceedings related to energy efficiency, cost recovery, and stakeholder engagement in Nova Scotia. It outlines the need for stakeholder input, the evaluation of energy efficiency programs, and the importance of aligning policies with long-term energy goals. The text also touches on the role of the Board in ensuring equitable and effective program implementation.
ϭϯ͘ ^ƚ͘DĂƌŐĂƌĞƚ͛ƐĂLJ,LJĚƌŽůĞĐƚƌŝĐ^LJƐƚĞŵ dŚĞ ^ƚ͘ DĂƌŐĂƌĞƚ͛Ɛ ĂLJ ,LJĚƌŽ ůĞĐƚƌŝĐ ^LJƐƚĞŵ ĐŽŶƐŝƐƚƐ ŽĨ ƚŚƌĞĞ ŚLJĚƌŽͲĞůĞĐƚƌŝĐ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƚǁŽ ƉŽǁĞƌŚŽƵƐĞƐ͘ĂĐŚĚĞǀĞůŽƉŵĞŶƚ ĐŽŶƐŝƐƚƐŽĨ ƚǁŽǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŝŶŐƵŶŝƚƐ ƚŚĂƚƵƚŝůŝnjĞ ǁ...
AI summary The document discusses the historical development of utility regulation in Nova Scotia, focusing on the evolution of the Electricity Efficiency and Conservation Act, the role of the Nova Scotia Power, and the establishment of regulatory frameworks over time. It highlights key events, legal developments, and policy changes affecting energy management and customer service.
ŽŽŶWŽŶĚĂŶĚ^ĂŶĚLJ>ĂŬĞĞǀĞůŽƉŵĞŶƚƐ ŽŽŶ WŽŶĚ ĞǀĞůŽƉŵĞŶƚ ǁĂƐ ĐŽŵƉůĞƚĞĚ ŝŶ ĂďŽƵƚϭϵϮϮĂŶĚƉƌŽǀŝĚĞĚĂďŽƵƚϭ͘ϮϱDtĨƌŽŵ ĞĂĐŚ ŽĨ ŝƚƐ ƚǁŽ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚ ƚƵƌďŽͲ ŐĞŶĞƌĂƚŽƌ ƵŶŝƚƐ͘ /ŶĨůŽǁ ĨƌŽŵ ƚŚĞ WŽĐŬǁŽĐŬ >ĂŬĞƐLJƐƚĞŵŝƐĐŚĂŶŶĞůůĞĚƚŚƌŽƵŐŚŽŽŶWŽŶĚ ĂŶĚĂƉŝƉĞůŝ...
AI summary The document discusses the regulatory proceedings related to the Nova Scotia Power (NSP) and the Electricity Efficiency and Conservation Act (E^W). It highlights the implementation of mechanisms such as the fuel-cost-adjustment and the evaluation of program effectiveness and stakeholder engagement in the proceedings.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ WŽǁĞƌŚŽƵƐĞ ĂŶĚ ƐƵƌŐĞ ƚĂŶŬƐ ĂƌĞ ǀŝƐŝďůĞ ĨƌŽŵ ,ŝŐŚǁĂLJ ϭϬϯ͘ ĐĐĞƐƐ ƚŽ ƚŚĞ ƉŽǁĞƌŚŽƵƐĞ ŝƐ ǀŝĂ ĞdžŝƐƚŝŶŐŐƌĂǀĞůƚŽƉƉĞĚŽǁĂƚĞƌ͛ƐZŽĂĚƐŝŶƚŚĞdĂŶƚĂůůŽŶǀŝĐŝŶŝ...
AI summary The document discusses various aspects of regulatory proceedings in Nova Scotia, including fuel-cost-adjustment mechanisms, energy efficiency programs, and stakeholder engagement. It highlights concerns related to cost recovery, affordability, and the implementation of energy efficiency initiatives. Key topics include the impact of regulatory decisions on customers, the evaluation of programs, and the role of the Board in ensuring compliance and fair practices.
dƵƐŬĞƚĞǀĞůŽƉŵĞŶƚ dŚĞ dƵƐŬĞƚ ĞǀĞůŽƉŵĞŶƚ ƵƚŝůŝnjĞƐ ƚŚƌĞĞ ǀĞƌƚŝĐĂůůLJŽƌŝĞŶƚĞĚƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƐǁŚŝĐŚĂƌĞ ĨĞĚĚŝƌĞĐƚůLJĨƌŽŵƚŚĞƉŽǁĞƌĐĂŶĂůĨŽƌĞďĂLJǀŝĂĂ ƚƌŝƉůĞŝŶƚĂŬĞƐƚƌƵĐƚƵƌĞ͘ dŚĞ ƉŽǁĞƌŚŽƵƐĞ ƐƚƌƵĐƚƵƌĞ ŝŶĐŽƌƉŽƌĂƚĞƐ Ă ŐĞŶĞƌĂƚŽƌ ĨůŽŽƌ ĂŶĚ ƐƵƉƉŽƌƚ ƐƚƌƵĐƚƵ...
AI summary The document discusses the history and evolution of the dƵƐŬĞƚĞǀĞůŽƉŵĞŶƚ (rate-setting process) in Nova Scotia, including the role of the ƐƵƉĞƌƐƚƌƵĐƚƵƌĞ (rate rider) and the impact of the Electricity Efficiency and Conservation Act (E^W) on rate structures and energy efficiency initiatives. It references past proceedings and regulatory actions from 1929 to 2023.
EKs^Kd/WKtZ/E͘Ͳ,zZKWZKhd/KE ^/dKDD/^^/KE/E'^d/Dd^hDDZz&KZ^^dZd/ZDEdK>/'d/KE^;ZKͿ^dhz;LJ^LJƐƚĞŵͿ ǁŝůů ďĞ ƌĞŵŽǀĞĚ ďLJ ŽƚŚĞƌƐ͘ /ƚ ŝƐ ĂůƐŽ ĂƐƐƵŵĞĚ ƚŚĂƚ ƚŚĞƌĞ ǁŝůů ďĞ ŶŽ ŽƵƚƐƚĂŶĚŝŶŐ ĂƐďĞƐƚŽƐ ĂďĂƚĞŵĞŶƚŽƌŽƚŚĞƌŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐŽƌĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐ...
AI summary The text discusses the regulatory process and challenges in Nova Scotia's electricity sector, focusing on the implementation of energy efficiency and conservation measures, as well as the role of various stakeholders in ensuring compliance and effective policy execution. It highlights the need for stakeholder engagement, compliance, and oversight in managing energy resources and programs.
tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚ tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚǁĂƐĐŽŵƉůĞƚĞĚĂŶĚ ĐŽŵŵŝƐƐŝŽŶĞĚ ŝŶ ϭϵϳϴ ĂŶĚ ĐŽŶƐŝƐƚƐ ŽĨ ƚǁŽ ůĂƌŐĞ ǀĞƌƚŝĐĂůůLJ ŽƌŝĞŶƚĞĚ ƚƵƌďŽͲŐĞŶĞƌĂƚŽƌƐ ĞĂĐŚƉƌŽĚƵĐŝŶŐĂďŽƵƚϭϬϱDtĨƌŽŵĂƐŵƵĐŚ ĂƐϭϮϬϬĨĞĞƚŽĨŚĞĂĚ͕ǁŚŝĐŚŝƐĨĞĚĨƌŽŵ^ƵƌŐĞ >ĂŬĞ ŚĞĂĚ ƉŽŶĚ ůŽĐĂƚĞĚ Ăƚ ƚŚĞ...
AI summary The text discusses the history and development of the tƌĞĐŬŽǀĞĞǀĞůŽƉŵĞŶƚ regulatory process in Nova Scotia, focusing on the implementation of the Electricity Efficiency and Conservation Act (E^W/) and the role of the Nova Scotia Power (NSP) in shaping energy efficiency programs. It highlights the challenges faced in aligning base rates with actual costs and the impact of the fuel-cost-adjustment mechanism.
s͘ WKtZ,Kh^DK>/d/KE^^hDDZzEKE>h^/KE^ ĞĐŽŵŵŝƐƐŝŽŶŝŶŐŽĨE^W/,LJĚƌŽWƌŽĚƵĐƚŝŽŶƉŽǁĞƌŚŽƵƐĞƐǁŝůůďĞĂŶĞŶĚĞĂǀŽƌǁŚŝĐŚǁŝůůĚĞƉĞŶĚŚĞĂǀŝůLJ ŽŶ ĞĨĨŝĐŝĞŶƚ ĐŽŽƌĚŝŶĂƚŝŽŶ ŽĨ ǀĂƌŝŽƵƐ ƚƌĂĚĞƐ ŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ŚĞĂǀLJͲůŝĨƚ ĐŽŶƚƌĂĐƚŽƌƐ͕ ,s ƐƉĞĐŝĂůŝƐƚƐ͕ŵĞ...
AI summary The text discusses regulatory proceedings involving energy management, focusing on mechanisms like fuel-cost-adjustment and the impact of base rates on incentives. It references proceedings and mentions the need for stakeholder engagement and compliance with regulations.
N-84Response to Undertaking U-17
63 passages
90 days after the request was made and the TIN is provided to the reporting crypto-asset service provider that requested it within 15 days after the person to whom the TIN relates received it; or (b) the reportable person or the crypto-ass...
AI summary The text discusses regulations related to the provision and assessment of Taxpayer Identification Numbers (TINs) for crypto-asset service providers, as well as amendments to the Regulations regarding non-registered accounts in prescribed labour-sponsored venture capital corporations. It also outlines the repeal and amendment of specific paragraphs in the Regulations and references the application of these changes to the 2026 and subsequent calendar years.
unless the person is unable to do so, do everything that the person is required to do by or under sections 231.1 to 231.6. 4 (1) Subsections 231.6(1) and (2) of the Act are replaced by the following: Definition of foreign-based information...
AI summary The text outlines amendments to the Act regarding the requirement to provide foreign-based information or documents, including definitions, time periods for compliance, and judicial review of such requirements.
70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 17 of 546 Chapter 15: Fall Economic Statement Implementation Act, 2023 Chapitre 15 : Loi d’exécution de l’énoncé économique de l’automne 2023 TABLE OF PROVISIONS TABLE ANAL...
AI summary This text presents the legislative provisions from Chapter 15 of the Fall Economic Statement Implementation Act, 2023, which includes the Public Sector Pension Investment Board Act and the Department of Housing, Infrastructure and Communities Act. It outlines the enactment of these legislative measures.
deemed graphe (21), et des articles 127, 127.1 et 127.44, le bien est réputé : (9) The portion of paragraph 13(24)(a) of the Act (9) Le passage de l’alinéa 13(24)a) de la même loi before subparagraph (i), as enacted by subsec- précédant le...
AI summary The text outlines changes to legal provisions, including the replacement of paragraph 13(24)(a) of the Act and the effective dates for various subsections, with some coming into force on January 1, 2022, and others on March 28, 2023.
(ii) soit le ministre accorde l’autorisation de modi- fier le choix en vertu du paragraphe (3). Late or amended election Choix modifié ou produit en retard (3) The Minister may extend the time for making an (3) Le ministre peut proroger le...
AI summary The text outlines the conditions under which the Minister may extend the time for making an election or allow its amendment or revocation. It requires that Canadian group members demonstrate reasonable efforts to determine relevant amounts and that the election is filed as soon as circumstances permit.
b) il est raisonnable de considérer que l’un des was to defer the application of paragraph objets de l’opération, l’événement ou de la sé- 12(1)(l.2) of the Act, as enacted by subsection rie était de reporter l’application de l’alinéa 2(1)...
AI summary The text discusses amendments to the Act, including the deferral of application of specific paragraphs and sections to taxpayers, and the effective dates of subsections (2) and (3). It also outlines a modification to Section 112 of the Act.
(iii) chaque personne qui a un intérêt ou, pour l’ap- plication du droit civil, un droit sur le contrat de rente distinct ou le dépôt, selon le cas, au moment donné est réputée acquérir le droit à ce moment à un coût égal à sa juste valeur...
AI summary The text outlines legal provisions related to the acquisition of rights under a contract of rent or deposit, effective April 1, 2023, and amends a specific paragraph of the Act.
ubsection 84.1(2.31); position avait rempli les conditions énoncées au para- or graphe 84.1(2.31); (b) paragraph 84.1(2.32)(i) in respect of a disposition b) l’alinéa 84.1(2.32)i), ils sont solidairement respon- of shares of the capital st...
AI summary The text discusses amendments to tax liability provisions under subsections 84.1(2.31) and 84.1(2.32) of the Act, introducing joint and several liability for taxpayers in specific scenarios. These amendments come into effect on January 1, 2024. Additionally, subsection 160.2(2.3) of the Act is repealed.
rship or trust” and paragraph des montants visés aux sous-alinéas d)(i) à (iv), (c) of that definition were read without refer- ence to the words “in Canada”, (iii) des capitaux propres qui seraient émis seule- ment à la suite d’un événeme...
AI summary The text discusses legal definitions and interpretations related to Canadian real, immovable, or resource properties, timber resource properties, and Canadian resource properties, emphasizing their location in Canada. It also outlines conditions for equity capital and voting rights in partnerships and trusts.
n (1), is replaced by the following: par le paragraphe (1), est remplacé par ce qui suit : Exception Exception (2.2) Subsection (2.1) does not apply in respect of a pre- (2.2) Le paragraphe (2.1) ne s’applique pas au formulaire scribed for...
AI summary This text outlines amendments to a legal provision, specifying the effective dates of changes to subsections (1) and (2) of a regulation, and modifying subsection 225.1(1.1) of an Act by removing a word and adding new content after a specific paragraph.
du paragraphe 18.2(1). (interest and financing rev- transferred capacity has the same meaning as in sub- enues) section 18.2(1); (capacité transférée) (7) Subsection 248(1) of the Act is amended by (7) Le paragraphe 248(1) de la même loi e...
AI summary This text outlines amendments to subsection 248(1) of the Act, defining terms such as 'distribution equipment,' 'fossil fuel,' and 'transmission equipment' in alignment with the Income Tax Regulations, specifically subsection 1104(13). These amendments aim to clarify terminology for regulatory and financial purposes.
(xliii) de la catégorie 57, 8 pour cent, (xliv) of Class 58, 20 per cent, (xliv) de la catégorie 58, 20 pour cent, (xlv) of Class 59, 100 per cent, and (xlv) de la catégorie 59, 100 pour cent, (xlvi) of Class 60, 30 per cent, (xlvi) de la...
AI summary The text outlines changes to the regulations regarding the classification and taxation of certain properties, specifying different percentages for various classes of property. It also indicates that these changes apply to properties acquired after 2021.
ave come into (2) Le paragraphe (1) est réputé être entré en vi- force on January 1, 2022. gueur le 1er janvier 2022. 90 (1) The portion of Class 41.2 in Schedule II to 90 (1) Le passage de la catégorie 41.2 de l’annexe the Regulations aft...
AI summary The text outlines amendments to Schedule II of the Regulations, specifically modifying portions of Class 41.2 and Class 43, effective January 1, 2022. The changes pertain to the eligibility criteria for property classifications.
ave come into (2) Le paragraphe (1) est réputé être entré en vi- force on January 1, 2022. gueur le 1er janvier 2022. 94 (1) The portion of Class 53 in Schedule II to 94 (1) Le passage de la catégorie 53 de l’annexe II the Regulations afte...
AI summary This text outlines changes to Schedule II of the Regulations, specifically modifying Class 53 and adding Class 57. The changes take effect on January 1, 2022, and pertain to property acquired between 2015 and 2026, excluding property in Classes 57 or 58.
ter and ending on en application du paragraphe 67(4)) par le ministre et se the day on which the amount is paid. terminant le jour du paiement. Determination valid and binding Décision valide et exécutoire (8) A determination made under su...
AI summary The text outlines the legal framework for determinations made under the Act, stating that such determinations are valid and binding despite any irregularities or errors, provided they are subject to objection or appeal and an assessment.
Judicial authorization Autorisation judiciaire (3) A judge of the Federal Court may, on application by (3) Sur requête du ministre, un juge de la Cour fédérale the Minister and subject to any conditions that the judge peut, aux conditions...
AI summary The text outlines the process by which a Federal Court judge may authorize the Minister to require a third party to produce information or records related to an unnamed person or group, provided the judge is satisfied that the person or group is identifiable and the requirement is for verifying compliance with obligations under the Act.
nistre fait part de sa décision par écrit à the Minister must, in writing, notify the person objecting la personne qui y a fait opposition. to the assessment of the Minister’s decision. Payment by Minister on objection Paiement par le mini...
AI summary The text outlines the obligation of the Minister to notify a person who has objected to an assessment and to refund any excess payments made, along with applicable interest, if an objection results in a revised assessment.
appels les parties appelantes et entreprendre de sta- in any manner that it considers appropriate. tuer sur la question de la façon qu’elle juge indiquée. Determination final and conclusive Décision définitive (5) Subject to subsection (6)...
AI summary The text discusses the final and conclusive determination by the Tax Court of Canada regarding questions raised in an application, and how such decisions are binding for assessments of persons named in court orders.
fins d’établissement de toute cotisation à l’égard des per- named in an order by the Court under subsection (4). sonnes qui y sont nommées dans une ordonnance. Appeal Appel (6) If a question set out in an application under subsec- (6) Dans...
AI summary The text outlines the process for appealing decisions made by the Tax Court of Canada, specifying that the Minister or any person named in an order may appeal in accordance with the relevant legislation, including the Tax Court of Canada Act and the Federal Courts Act.
Garnishment of loans or advances Saisie-arrêt de prêts ou d’avances (2) Without limiting the generality of subsection (1), if (2) Sans que soit limitée la portée générale du para- the Minister has knowledge or suspects that within 90 graph...
AI summary The text outlines provisions related to the garnishment of loans or advances by the Minister, requiring certain institutions and individuals to pay amounts that would otherwise be loaned or advanced to a debtor, if the Minister has knowledge or suspicion of potential default within 90 days.
otal of money so loaned, advanced or paid, a) le total des sommes ainsi prêtées, avancées ou and payées; (b) the amount that the institution or person was re- b) la somme qu’elle était tenue de verser au receveur quired under that subsecti...
AI summary This section outlines the assessment process for amounts payable to the Receiver General for Canada. It specifies that the Minister may assess any person for such amounts and that the assessment cannot be made more than four years after the person receives notice from the Minister.
dans les circonstances, s’il est convaincu qu’il existe des in the circumstances, authorize the Minister to, without motifs raisonnables de croire que l’octroi à cette 2021-2022-2023-2024 347 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-1...
AI summary The text discusses legal provisions related to the authorization of the Minister to take actions regarding the payment of sums, including delaying actions and impacting the recovery of amounts owed. The context involves tax legislation and legal procedures.
Effect Effet (2) A regulation made under this Act has effect from the (2) Les règlements pris en application de la présente loi day on which it is published in the Canada Gazette or at prennent effet à compter de leur publication dans la G...
AI summary This text outlines the conditions under which regulations made under the Act take effect, including retroactive application in specific cases such as correcting ambiguous provisions or aligning with budgetary announcements.
4 Pour l’application de la Loi, le montant du « seuil de scope revenue threshold” is $20,000,000. revenu dans le champ d’application » est 20 000 000 $. Registration threshold Seuil d’inscription 5 For the purposes of Part 6 of the Act, th...
AI summary The text outlines various thresholds and rates under the Act, including the revenue threshold, registration threshold, prescribed tax rate, and deduction amount. These figures are set at $20,000,000, $10,000,000, 3%, and $20,000,000 respectively, and are part of the Digital Services Tax Regulations.
eplaced by the following: gements sous-utilisés est remplacé par ce qui suit : Restriction on payment by Minister Restriction visant les paiements par le ministre 34 An amount under section 33 is not to be paid to a per- 34 Un montant prév...
AI summary This section restricts the payment of amounts by the Minister to a person unless all required returns have been filed with the Minister under various acts, including the Excise Tax Act and the Income Tax Act.
logements sous-utilisés et de la Loi sur la taxe sur les services numériques ont été présentées au ministre. (2) Subsection (1) comes into force on the same (2) Le paragraphe (1) entre en vigueur à la date day as subsection 96(1) of this A...
AI summary The text discusses legislative amendments, including the introduction of subsections related to underutilized housing and the Digital Services Tax Act, and the replacement of section 48 of the Act with new content.
ave (3) Les paragraphes (1) et (2) sont réputés être come into force on August 10, 2022. entrés en vigueur le 10 août 2022. 131 (1) Subsection 149(4) of the Act is replaced by 131 (1) Le paragraphe 149(4) de la même loi est the following:...
AI summary The text amends subsection 149(4) of the Act to exclude interest and dividends from calculations for a person under paragraphs (1)(b) or (c). The exclusion applies to certain corporate and partnership structures controlled by the person or related entities.
de produire une déclaration aux termes de la quired to file a return under Division V for the section V pour sa période de déclaration qui reporting period of the member that includes the comprend la date précisée dans la révocation, day s...
AI summary This text outlines the requirements for filing returns under Division V, specifying the reporting period that includes the day of revocation and the day on which the corporation is required to file the return. The subsections are deemed to have come into force on August 10, 2022.
Act is replaced sible, au paragraphe 156(1) de la même loi, est by the following: remplacé par ce qui suit : (b) a group of specified partnerships, or of specified b) groupe de sociétés de personnes déterminées, ou partnerships and corpora...
AI summary This text outlines a legal amendment replacing a portion of a statute, specifically modifying the definition of a 'qualifying member' within a 'qualifying group' under section 156(1) of the Act. The new definition includes corporations resident in Canada and specified partnerships with members residing in Canada that meet certain conditions.
, après l’article 42, de ce qui suit : PART V.01 PARTIE V.01 Fees and Charges Frais et redevances Regulations by Minister Règlements ministériels 42.1 (1) The Minister may make regulations respecting 42.1 (1) Afin de recouvrer les frais ex...
AI summary This section of the legislation allows the Minister to establish regulations for fees and charges that manufacturers must pay to recover costs incurred by the Crown in relation to the implementation of the Act. The regulations may include methods for calculating these fees.
Act is replaced by the 233 Le paragraphe 52(7) de la même loi est rem- following: placé par ce qui suit : Duplication of proceedings Une seule poursuite (7) No proceedings may be commenced under this sec- (7) Il ne peut être intenté de pou...
AI summary This text outlines a legal provision that prevents the initiation of duplicate proceedings against a person when an order is sought by the Commissioner under Part VII.1 of the Act based on the same or substantially similar facts.
the Act is replaced by the fol- 240 L’article 74.11 de la même loi est remplacé lowing: par ce qui suit : Temporary order Ordonnance temporaire 74.11 (1) On application by the Commissioner or a per- 74.11 (1) Sur demande présentée par le c...
AI summary The text outlines a temporary order under section 74.11(1) of a law, which allows a court to prohibit a person from engaging in certain conduct if it is likely to cause serious harm and if the court deems it preferable to issue the order after evaluating the potential harms.
tive des inconvénients, il est préférable de rendre l’or- (b) the balance of convenience favours issuing the or- donnance. der. Duration Durée d’application (2) Subject to subsection (5), an order made under sub- (2) Sous réserve du paragr...
AI summary The text outlines the conditions for issuing an order or extension under the regulatory process, emphasizing the balance of convenience and the requirement for at least 48 hours' notice for applications. It also references the role of the Commissioner and the court's discretion in determining the duration of the order.
quelle est demandée l’ordonnance ou la prorogation pré- vue aux paragraphes (1), (1.1) ou (2). Ex parte application Audition ex parte (4) The court may proceed ex parte with an application (4) Le tribunal peut entendre ex parte la demande...
AI summary The text outlines the conditions under which a court may proceed ex parte with an application made by the Commissioner, particularly when the requirements of subsection (3) cannot be reasonably met or when the urgency of the situation necessitates such action for the public interest.
est à ce point urgente que la signification du préavis aux would not be in the public interest. termes du paragraphe (3) ne servirait pas l’intérêt public. Duration of ex parte order Durée d’application (5) An order issued ex parte as the...
AI summary The text discusses the urgency of a matter and the duration of an ex parte order issued by the court following an application by the Commissioner. The order is effective for up to seven days, with the possibility of extension if further application is made.
du paragraphe (4) pourrait rendre l’ordonnance inutile erwise not be in the public interest. ou ne servirait pas par ailleurs l’intérêt public. Duration of ex parte injunction Durée d’application (6) An injunction issued ex parte as the re...
AI summary The text discusses the duration of an ex parte injunction issued by the court under the Commissioner's application, limiting it to seven days unless extended by the court upon further application. It also references a replacement of subsection 74.111(8) of the Act.
Failure to comply with consent agreement Omission de se conformer au consentement 74.121 (1) If, on application by the Commissioner, the 74.121 (1) S’il conclut, à la suite d’une demande du court determines that a person, without good and...
AI summary The text outlines the legal consequences for failing to comply with a registered consent agreement, including prohibitions, corrective actions, and administrative monetary penalties of up to $10,000 per day.
sonne à adopter un comportement compatible avec les and not with a view to punishment. objectifs de la présente loi et non pas à la punir. Unpaid monetary penalty Sanctions administratives pécuniaires impayées (3) The administrative moneta...
AI summary This text discusses the legal framework for administrative monetary penalties under Canadian law, emphasizing that such penalties are considered debts owed to the Crown and can be recovered through competent courts. It also outlines an amendment to the Act, adding provisions after section 74.13.
(2) Les signataires du consentement en font signifier une registration, the parties shall serve a copy of it on the copie sans délai au commissaire. Commissioner without delay. Publication Publication (3) The consent agreement must be publ...
AI summary The text outlines the requirements for registering and publishing a consent agreement, including serving a copy to the Commissioner, publishing in the Canada Gazette, and registering within 30 days unless a third party applies to cancel or replace the agreement.
Failure to comply with consent agreement Omission de se conformer au consentement 74.132 (1) If, on application by the Commissioner, the 74.132 (1) S’il conclut, à la suite d’une demande du Tribunal determines that a person, without good a...
AI summary The Tribunal may impose penalties or require corrective actions if a person fails to comply with a registered consent agreement, as determined by the Commissioner. Non-compliance can lead to prohibitions, corrective measures, or administrative monetary penalties.
Failure to serve Omission de signifier un accord 74.134 (1) If, on application by the Commissioner, the 74.134 (1) S’il conclut, à la suite d’une demande du Tribunal determines that a person, without good and suf- commissaire, qu’une perso...
AI summary This section outlines the Tribunal's authority to take action if a person fails to serve a copy of an agreement on the Commissioner. It includes ordering the person to serve the agreement, issuing an interim order to prevent implementation of the agreement, and imposing administrative monetary penalties.
d) accorder toute autre réparation qu’il considère jus- (d) grant any other relief that the Tribunal considers tifiée. appropriate. Purpose of order But de l’ordonnance (2) The terms of an order under paragraph (1)(c) are to (2) Les condit...
AI summary The text outlines provisions related to granting relief, the purpose of orders, and the handling of unpaid monetary penalties. It also references a legal amendment to subsection 75(1) of the Act.
urrence Competition Act Loi sur la concurrence Section 248 Article 248 Order Ordonnance 90.1 (1) If, on application by the Commissioner, the Tri- 90.1 (1) Dans le cas où, à la suite d’une demande du bunal finds that an agreement or arrange...
AI summary This section of the Competition Act outlines the Tribunal's authority to issue orders when an agreement or arrangement between competitors substantially prevents or lessens competition in a market, based on an application by the Commissioner.
Additional or alternative order Ordonnance supplémentaire ou substitutive (1.1) If, on an application under subsection (1), the Tri- (1.1) Dans les cas où, à la suite de la demande visée au bunal finds that an agreement or arrangement has...
AI summary This section outlines the authority of the Tribunal to issue additional or substitute orders when an agreement or arrangement is found to significantly hinder competition in a market and existing orders are unlikely to restore competition. The Tribunal may require divestiture of assets or shares as a corrective measure.
wing after subsection (3): adjonction, après le paragraphe (3), de ce qui suit : Effect of application for interim order Effet d’une demande d’ordonnance provisoire (3.1) If an application for an interim order is made un- (3.1) Lorsqu’une...
AI summary This text outlines the legal process for interim orders related to mergers and the requirements for applying to the Tribunal for permission to make certain applications under various sections of the Act. It specifies that a merger cannot proceed until the Tribunal has ruled on the application for an interim order.
lowing 259 La même loi est modifiée par adjonction, after section 106.2: après l’article 106.2, de ce qui suit : Service of agreement on Commissioner Signification d’un accord au commissaire 106.3 (1) If a person granted leave under sectio...
AI summary The text outlines the requirement for parties to an agreement to serve a copy of the agreement on the Commissioner within 10 days of its conclusion, and provides that the Commissioner may apply to the Tribunal to vary or rescind the agreement if it has or is likely to have anti-competitive effects.
Failure to serve Omission de signifier un accord 106.4 (1) If, on application by the Commissioner, the 106.4 (1) S’il conclut, à la suite d’une demande du com- Tribunal determines that a person, without good and suf- missaire, qu’une perso...
AI summary This section outlines the Tribunal's authority to take action if a person fails to serve a copy of an agreement on the Commissioner, including ordering service, issuing interim orders, and imposing administrative penalties.
d) accorder toute autre réparation qu’il considère jus- (d) grant any other relief that the Tribunal considers tifiée. appropriate. Purpose of order But de l’ordonnance (2) The terms of an order under paragraph (1)(c) are to (2) Les condit...
AI summary The text outlines the Tribunal's authority to grant relief, the purpose of orders to encourage compliance with the Act, and the treatment of unpaid monetary penalties as debts to the Crown. It also references an amendment to the Act following section 107.
tribunal La Cour fédérale ou la cour supérieure d’une province. (court) Reprisal Action Représailles Prohibition orders Interdictions 107.2 If, following an application by the Commissioner 107.2 Dans le cas où, à la suite d’une demande du...
AI summary This text outlines the legal procedures for addressing reprisal actions, stating that if a court determines a person is engaging in or likely to engage in such actions, it may issue a prohibition order to prevent them.
pour la première ordonnance et de 15 000 000 $ pour toute ordonnance subséquente. Purpose of order But de l’ordonnance 107.4 The terms of an order made against a person un- 107.4 Les conditions de l’ordonnance rendue en vertu der section 1...
AI summary This text outlines the purpose of an order made under section 107.3, which aims to encourage compliance with the Act rather than punishment. It also references sections of the Competition Act related to measures affecting competition.
of the Act is replaced by the 262 L’alinéa 113c) de la même loi est remplacé following: par ce qui suit : (c) a transaction in respect of which the Commission- c) une transaction à l’égard de laquelle le commissaire er or a person authoriz...
AI summary The text outlines amendments to the Act, specifically replacing sections related to the obligation to notify the Commissioner and supply information for transactions. The changes pertain to situations where similar information was previously provided in relation to a certificate request under section 102.
t delay after receiving the (2) Sur réception de l’avis, le Tribunal annule le certificat notice, rescind the certificate. sans délai. Rescission or variation of certificate Annulation ou modification du certificat 124.7 The Tribunal may r...
AI summary The Tribunal has the authority to rescind or vary a certificate issued under subsection 124.3(1) upon application by the Commissioner, the parties to the agreement, or a person significantly affected by the agreement or arrangement. This can occur if the parties terminate the agreement without notice or agree to modify it with the Commissioner's consent.
that Act that procédures visées au paragraphe 8.1(1) de cette commenced before that day. loi commencées avant cette date. 2021-2022-2023-2024 458 70-71 Eliz. II – 1-2 Cha. III Chapter 15: Fall Economic Statement Implementation Act, 2023 PA...
AI summary The text references legal procedures related to the Fall Economic Statement Implementation Act, 2023, including amendments to promote economic efficiency and adaptability. It also mentions sections of an act from 2010, chapter 23, and includes references to other legislation and legal procedures.
rrence Coming into Force Entrée en vigueur Sections 272-274 Articles 272-274 Coming into Force Entrée en vigueur First anniversary of royal assent Premier anniversaire de la sanction 272 Section 238, subsections 239(1) and (4), sec- 272 L’...
AI summary This text outlines the coming into force of specific sections of an Act on the first anniversary of royal assent. It references various legislative sections and their effective dates, as well as mentions the Public Post-Secondary Educational Institutions Act.
une déclaration a été faite ou des renseignements ont été communiqués. Agreements for Exchange of Accords de réciprocité Information Agreements with foreign states Accord avec des États étrangers 39.3 The Minister, with the consent of the...
AI summary This section outlines the authority of the Minister to enter into agreements with foreign states or their institutions that have similar reporting requirements, with the consent of the designated minister under section 42.
Conditions for electronic version Conditions : version électronique 39.36 A requirement under this Part to provide infor- 39.36 Lorsque la présente partie exige que des rensei- mation — in any form or manner or by any means — is gnements s...
AI summary This section outlines the conditions under which providing an electronic version of information satisfies a requirement to provide information in any form or manner. It specifies that the electronic version must be provided through the means or systems designated by the Minister and that all applicable electronic communication requirements must be met.
n à la présente loi à l’égard der section 60, 60.1 or 60.3. desquelles une dénonciation ou une mise en accusation a été déposée ou dans le cadre d’une ordonnance de pro- duction de documents rendue en vertu des articles 60, 60.1 ou 60.3. 2...
AI summary This text amends section 60 of the Act, replacing subsections related to the disclosure of information for investigations into money laundering, terrorist financing, and sanctions evasion. It outlines the authority of the Attorney General to apply for orders compelling disclosure.
tré en vigueur avant cet article 181. Coming into Force Entrée en vigueur Order in council Décret 306 (1) Subsection 278(1) and sections 285, 296, 306 (1) Le paragraphe 278(1) et les articles 285, 297, 301 and 302 come into force on a day...
AI summary This text outlines the coming into force of various sections of an Act, specifying that certain subsections and sections will take effect on dates determined by order of the Governor in Council, and others will take effect 60 days after royal assent. It also references the Criminal Code (R.S., c. C-46).
vinces Coming into Force Entrée en vigueur Sections 319-322 Articles 319-322 Coming into Force Entrée en vigueur June 22, 2023 22 juin 2023 319 Section 318 is deemed to have come into 319 L’article 318 est réputé être entré en vigueur forc...
AI summary The text outlines the coming into force of sections 319-322 of the legislation on June 22, 2023, with a specific focus on amending subsection 6(1) of the Public Sector Pension Investment Board Act to establish a board of 13 directors, including the Chairperson.
wing after subsection (5): adjonction, après le paragraphe (5), de ce qui suit : Inclusion of certain candidates Choix des candidats (6) When including a candidate who the Minister may (6) Lorsque, dans le cadre de l’établissement de la li...
AI summary The text discusses the inclusion of candidates recommended by the Minister on a list of qualified candidates for proposed director appointments. It requires the nominating committee to consult the portion of the National Joint Council of the Public Service that represents employees and take into account factors provided by them.
rité des collectivités, leur caractère englobant et leur du- sivity and environmental sustainability of communities. rabilité du point de vue de l’environnement. Use of departmental services and facilities Utilisation des services et insta...
AI summary The text outlines the responsibilities of the Minister of Housing, including the use of departmental services and facilities, and the delegation of powers to employees. It also addresses the scenario where no Minister is appointed under section 7, specifying that the Minister of Infrastructure and Communities would assume the duties of the Minister of Housing.
structure et des Collectivités » dans la colonne II, en regard de ce secteur. 331 Schedule IV to the Act is amended by strik- 331 L’annexe IV de la même loi est modifiée par ing out the following: suppression de ce qui suit : Office of Inf...
AI summary The text outlines amendments to Schedule IV and Schedule VI of the Act, including the removal of 'Office of Infrastructure of Canada' and the addition of 'Department of Housing, Infrastructure and Communities' in alphabetical order.
pect to an inter- adaptations nécessaires, à l’interruption visée au ruption under subsection (2). paragraphe (2). Words and expressions Terminologie (4) Words and expressions used in this section (4) Les termes employés au présent article...
AI summary The text contains legal provisions related to the coming into force of a division, defined by an order of the Governor in Council. It includes terminology definitions and publication information from the House of Commons.
20260107-1Hearing Transcript — 01/07/2026 (Willett, Williams, Flemming, MacIntosh, Blair)
15 passages
LIST OF EXHIBITS EXHIBIT NO. DESCRIPTION PAGE NO. U-6 To take cost changes from NSEB IR-128 and NSP credit each customer class with 1.5 kilowatts per customer, applying the credit to the NCP demands used for determining the Minimum System...
AI summary The document outlines a hearing by the Nova Scotia Energy Board regarding an application by Nova Scotia Power Inc. to revise its rates, charges, and regulations. The hearing includes a list of exhibits and participants involved in the proceeding.
OPENING STATEMENT 11 AFFORDABLE ENERGY COALITION 1 We will try to have 15-minute breaks 14 Scotia Liberal Caucus. 15 THE CHAIR: Good morning. 16 The Nova Scotia New Democratic Party 17 Caucus? 18 MS. CHENDER: Good morning, Mr. Chair. 19 Cl...
AI summary The opening statement of the Affordable Energy Coalition is introduced, with attendees including political representatives, industry stakeholders, and legal counsel. The session begins with procedural matters, such as the submission of CVs for witnesses as exhibits.
NSP COST OF SERVICE PANEL 39 In-ch, (Clarke) 1 Scotia Power. 6 regulation industry for 10 years, mostly in the areas of 7 cost allocation rate design. 8 In Ontario, I've prepared cost 9 allocation evidence for over a dozen distributors, as...
AI summary The text discusses Mr. Blair's extensive experience in cost allocation and rate design across multiple provinces, including evidence he has prepared for various regulatory proceedings. It also mentions his involvement in the Cost of Service Study process and the submission of a consultation report as part of the proceeding.
NSP COST OF SERVICE PANEL 45 Questions, (Deveau) 1 evidence but did not go to an oral hearing, 16 costs over multiple years for outages. 17 Okay. So that had nothing to do Q. 18 with cost allocation. 19 (Blair) Not explicitly, no. A. INTER...
AI summary The text discusses a regulatory proceeding involving Nova Scotia Power Inc. (NSP) and the Cost of Service Panel. It highlights discussions about cost allocation, rate design, and the qualifications of witnesses, including references to other jurisdictions like British Columbia and Manitoba.
OPENING STATEMENT 59 NSP COST OF SERVICE PANEL 1 We know that there is never a good 1 Q. Can you confirm that the issues 2 that were raised by Synapse in their evidence, including 3 the Minimum System versus Basic Customer methodology have...
AI summary The text discusses the Settlement Agreement addressing the Minimum System versus Basic Customer methodology, which is to be addressed in a future proceeding. It also mentions the use of the proposed cost of service for 2026 and 2027, with an application planned for 2026 regarding future periods. The discussion shifts to assumptions used in the Cost-of-Service Study related to Port Hawkesbury Paper.
BY MS. RUDDERHAM: 1 Q. I'll just read it into the record 12 They're not directly related to cost of service. 13 (Williams) I think that we could A. 14 it's going to be a very similar panel, but I think 15 that's probably best. 16 Okay. Thi...
AI summary The proceeding involves a discussion around the PHP alternative tariff in matter M12661 and an ongoing dispute between NSPI and PHP. The witness, Ms. Rudderham, is referencing an application and an exhibit from the matter, which is currently part of the public record on the Board's site.
NSP COST OF SERVICE PANEL 77 Cr-ex, (Rudderham) 1 Q. And PHP was a signatory on this 1 CROSS-EXAMINATION BY MR. ROSCOE 2 Good morning. Dan Roscoe with Q. 3 Renewall Energy Inc. 4 As the province's only licensed retail 5 supplier, we're the...
AI summary The document is a transcript of a cross-examination in a Nova Scotia Power (NSP) Cost of Service Panel proceeding. The discussion centers on the submission of confidential exhibits and the request for redacted versions of SR-1, Attachment 2 and Attachment 3, which are part of the General Rate Application and Cost-of-Service Study.
BY MR. MAHODY: Q. Just first off, can I ask the panel, the Consensus Agreement was filed in this matter as a result of an IR that was asked by the Board. Did the company have a reason for not filing the Consensus Agreement with its Applica...
AI summary Mr. Mahody questions whether the company had a reason for not filing the Consensus Agreement with its Application, noting that the Consensus Agreement was filed as a result of an IR requested by the Board. The company's representative explains that the decision was made not to file it with the Application, as the Application stood on its own, different from past settlement agreements.
NSP COST OF SERVICE PANEL 113 Cr-ex, (Mahody) 1 Q. And this exhibit also shows the 2 MURPHY: Okay. Thank you. MEMBER 3 I'm sorry, Mr. Mahody, MR. WILLIAMS: 4 just before we continue, I just want to make sure I'm 5 clear on what 6 (SHORT PA...
AI summary The text is a transcript from a regulatory proceeding involving NSP's Cost of Service Panel, where discussions focus on the classification of primary and secondary distribution costs as demand-related, referencing public utility commission decisions. The participants include Mr. Mahody, Mr. Williams, Mr. Blair, and Ms. Palmer.
BY MR. MAHODY: Q. So N-37, page 20 in the PDF, line 16. Here Ms. Palmer has identified additional Cost- of-Service Study methods that she thinks should be reviewed as part of whatever future process occurs, and she lists out the three area...
AI summary Nova Scotia Power's representative discusses the Settlement Agreement, which identifies the Minimum System as a standalone matter for consideration in 2026. The representative notes that while parties are free to take positions in future cost-of-service matters, there is an expectation to avoid repeating the same extensive process undertaken recently, though the Minimum System may require further review.
NSP COST OF SERVICE PANEL 129 Cr-ex, (Mahody) 1 point, Cost-of-Service Study –– a full Cost-of-Service 2 Study is being undertaken, that those matters should be 3 considered? 4 A. (Williams) I think the next time 5 a full Cost-of-Service S...
AI summary The discussion revolves around the Cost-of-Service Study, with a focus on the methodology and the need for future proceedings to determine various cost-of-service methods. There is a disagreement regarding whether these methods should be included in the 2026 filing described in the Settlement Agreement.
NSP COST OF SERVICE PANEL 163 Questions, (Chair) 1 Is that fair? 2 (Blair) Yes, that's fair. A. 3 Q. And, Mr. Blair, do you agree that 4 the cost of service allocation it's not a pure science? 5 A. (Blair) That's right. It's often 6 said i...
AI summary The discussion centers on the allocation of cost of service, acknowledging its subjective nature and the use of a range of reasonableness (95% to 105%) rather than a precise 100% allocation. The residential class is shown as 97.18% under a revenue-to-cost ratio, which is considered within an acceptable range of reasonableness.
NSP COST OF SERVICE PANEL 193 Questions, (Chair) 1 THE CHAIR: Those are my questions. 19 MR. CLARKE: No questions, Mr. Chair. INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 THE CHAIR: Thank you. 2 So, panel number one, and I thin...
AI summary The text outlines a regulatory proceeding involving the NSP Cost of Service Panel 193, with the Chair addressing panel members, taking a lunch break, and resuming with exhibit submissions and witness-related issues.
NSP DEPRECIATION PANEL 205 In-ch, (Clarke) 1 been conducting depreciation studies for utility companies 2 respect to the securitization. What is the current status 3 of the Regulations? 4 (Williams) The Regulations are A. 5 with government...
AI summary The discussion revolves around the current status of regulations related to securitization and the need for their enactment before NSP can proceed with its application. NSP has been working on depreciation studies and aims to move forward with securitization as soon as possible.
1 response to that? 2 MR. MacDOUGALL: No, I'm easy, 3 Mr. Chair. As I say, I didn't anticipate all those 4 securitization questions coming earlier, so now that they 5 have, I'm ready to go on those if you want me to. I'm 6 ready to hold th...
AI summary The text discusses a deposition panel examining Nova Scotia Power's depreciation studies, with a focus on the timing and frequency of such studies. The panel is questioning Mr. Wiedmayer about the 2009 depreciation study and the accepted cadence for these studies, which is typically three to five years.
20260109-1Hearing Transcript — 01/09/2026 (Pecurica, Willett, WIlliams, Flemming, MacIntosh)
18 passages
LIST OF EXHIBITS EXHIBIT NO. DESCRIPTION PAGE NO. U-20 To advise how unit values for the purchases and the benefit calculations were determined and show how NSPI determined unit cost for non-Maritime Link energy 773 NO. PAGE NO. January 9,...
AI summary The document lists exhibits and includes a portion of a hearing transcript where a witness provides CVs of Bates White experts and discusses exhibit numbering. It also includes a certified court reporter's name.
1 would I would suggest that's something we are always 2 attempting to do. 3 In this instance, we felt we had the 4 opportunity to be more proactive in that respect and 5 include those perspectives to a greater extent than 6 perhaps in the...
AI summary The discussion focuses on the process of General Rate Applications and Settlement Agreements in regulatory proceedings, acknowledging past practices involving evidence filing and review processes. The speaker agrees with the traditional approach to settlement in this jurisdiction and suggests it may be common in other jurisdictions as well.
1 So there is that distinction. 2 I would agree with you that this is a 3 unique and a different circumstance, and I think I've 4 spoken to the unique nature of that previously. 5 [9:09:58] Q. Two questions following on from 6 that, Mr. Wi...
AI summary The discussion highlights the unique circumstances surrounding the filing of a GRA application on September 18th, 2025, with a request for new rates to take effect from January 1st, 2026. Nova Scotia Power's position emphasizes the consensus nature of the agreement rather than the timing of its formation.
1 customers, and to the extent that they believe an 2 agreement is in their customers' best interests, then I 3 think the Board can attribute weight to that; as we've 4 discussed, it's ultimately up to the Board to determine 5 how much wei...
AI summary The discussion centers on the weight the Board should give to a Settlement Agreement reached before the Application was filed. The focus is on whether the timing of the Settlement Agreement affects its consideration, with the argument that the Board should consider the nature of the agreement rather than the timing.
or to the Application being filed with the Clerk's 17 Office, and in that situation, should the Board give it 18 different weighing to a Settlement Agreement, from the 19 company's perspective? 1 A. (Williams) Sorry, Mr. Mahody, 2 could yo...
AI summary The discussion revolves around the treatment of a Settlement Agreement filed before the formal application process, questioning whether it should be weighed differently by the Board compared to agreements reached after a full record is established.
1 participation in the rate case. 2 A. (Williams) So it –– when I said 3 there's nothing that restricts, I was talking to a 4 scenario where there hasn't been a Settlement Agreement, 5 and that your term of a full record, again I'm not sur...
AI summary The discussion centers on the definition of a 'full record' in the context of a rate case proceeding. Nova Scotia Power asserts that a full record is the complete application fulfilling filing requirements, while the questioner suggests that the record may include additional evidence from intervenors.
ling requirements is Nova Scotia Power's view of a record, but the record in one of these proceedings, you appreciate, there is all of the IRs that Intervenors would normally ask, there's the evidence 1 that Intervenors would normally put...
AI summary The discussion focuses on the regulatory process for securitization, with Nova Scotia Power outlining tasks completed and those remaining to advance the process. The dialogue also touches on the nature of the record in regulatory proceedings and the role of intervenors.
1 the allowable costs from Nova Scotia Power's revenue 2 requirement and include only the allowable portion within 3 the labour expense within our test period forecast. 4 Q. Okay. 5 MR. MAHODY: And, Mr. Goodine, could 6 we call up Order in...
AI summary The discussion revolves around allowable costs from Nova Scotia Power's revenue requirement, focusing on the allowable portion of labour expenses within the test period forecast. An Order in Council from 2007 is referenced, though there is some uncertainty about the correct reference.
NSP GENERAL/REGULATORY PANEL 711 Cr-ex, (Mahody) 1 which the Regulation refers has a line item calculated out 2 at 110 percent and has a specific reference to that 3 110 percent. The reference that you're making is an 4 interpretation. I'm...
AI summary The discussion centers on the interpretation of a pay plan by Nova Scotia Power, referencing a revoked regulation and the use of an amended pay plan. The entity is questioned on the basis for using the new pay plan and whether discussions with the government occurred regarding executive compensation changes.
don't have a set or an expected outcome, necessarily. It's about, again, similar to the rate application discussions, about having the discussion, understanding perspectives, understanding how a mechanism such as this may be applicable in...
AI summary The discussion focuses on having a general conversation about mechanisms used in other jurisdictions, particularly in relation to rate applications, and understanding their potential benefits for customers and participants in Nova Scotia. The conversation also touches on pay scale calculations for revenue requirement determinations.
NSP GENERAL/REGULATORY PANEL 717 Cr-ex, (Mahody) 1 but certainly could be something that was brought forward 5 6 7 8 9 10 [Nova Scotia] Power and the MEUs will work collaboratively [on a] good faith [basis] to determine and attempt to agre...
AI summary The document discusses ongoing discussions between Nova Scotia Power and MEUs regarding timelines and collaboration, with no specific modified deadlines identified. The conversation is part of a regulatory proceeding, and the parties have not yet reached a conclusion.
1 there's some valuable aspects of it, and they talk about 11 lead to higher costs for customers over the long term. 12 (SHORT PAUSE) 13 [11:30:00] MR. MAHODY: So, Mr. Chair, I think 14 that leaves this side of the room as no longer requir...
AI summary The text discusses a proceeding where Nova Scotia Power's reliability plan and customer satisfaction measures are being reviewed. It mentions that Nova Scotia Power has held over 65 community meetings and does not plan to use CSAT as a measure of the effectiveness of its Five-Year Reliability Plan.
NSP GENERAL/REGULATORY PANEL 763 Cr-ex, (Mahody) 1 company's perspective? 2 A. (Williams) Sorry, sir, can you 3 give me the question one more time? 4 Q. Sure. Will customer expectations 5 be a factor in the development of Nova Scotia Power...
AI summary The discussion revolves around Nova Scotia Power's Five-Year Reliability Plan and the timeline for finalizing and filing the DE-RIR report with the Board, with an extension requested to March 31, 2026.
INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 ROEs unless an intervenor has made that request? 2 A. (Williams) I don't know that I'd 3 want to speak to the authority of the Board, sir, but I –– 4 it's the company's interpretatio...
AI summary The discussion revolves around the jurisdiction of the Board in relation to mandatory actions and the interpretation of provisions regarding ratepayer objectives submitted during a rate change hearing. The company's position on the Board's authority is not explicitly stated.
1 page 21 of that same exhibit, Jeff. Hopefully this time I 2 have the page number right. I think I do. 3 It's –– this is –– it's –– zoom in a 4 bit, Jeff, the second-last paragraph there where it says, 5 "consistent with 2023". 6 BY MEMBE...
AI summary The discussion revolves around a typo in a document regarding the amortization period for Post Tropical Storm Fiona restoration costs, which were deferred as a regulatory asset. The correct amortization period was 10 years, as stated in N-27, response to Board IR-2, Attachment 2.
NSP GENERAL/REGULATORY PANEL 849 Questions, (Deveau) 1 our obligation to serve customers within Nova Scotia, and 3 achieved that particular result and how you would address 4 it or explain the difference? 5 A. (Flemming) We have, certainly...
AI summary The document discusses Nova Scotia Power's (NSP) obligation to serve customers within Nova Scotia and the challenges in comparing operational metrics across different jurisdictions and utility structures. NSP notes that while metrics for operational groups are available and comparable, corporate groups face difficulties due to lack of detailed information. ScottMadden is mentioned in relation to potential benchmarking solutions.
NSP GENERAL/REGULATORY PANEL 869 Questions, (Deveau) 1 expense. Affiliate Code. MEMBER DEVEAU: And Jeff, could you bring up that the letter I sent you, Affiliate Code? BY MEMBER DEVEAU: Q. So that's a letter we received in December 1st of...
AI summary The document discusses a restructuring of the East Coast Clean Energy Function (ECEI) under Nova Scotia Power, moving it from the Chief Clean Energy Officer to the Chief Operating Officer and eliminating the CCEO position. The discussion is part of a regulatory proceeding, referencing community meetings related to reliability and customer expectations.
- of the opt-out fee that's being proposed for '26-27. So 1 it's not included in general rates. 2 the timeline to be similar to the 500 million, as best 3 to the best of my knowledge. 4 Of course, that follows a Q. 5 financing order by the...
AI summary The text discusses the proposed opt-out fee for 2026-2027, noting it is not included in general rates. It also references a financing order by the Board and mentions the Grant Thornton report, particularly Figure 12 on page 32 of the PDF. There is mention of the Control Centre's budget and employee transfers, as well as the IESO filing its initial revenue requirement.