Topic:"Regulatory Approval Processes" in M12779

Nature of Operations NSP Maritime Link Inc. ("NSPML" or the "Company"), is indirectly wholly owned by Emera Inc. ("Emera"). Emera is an energy and services company headquartered in Halifax, Nova Scotia, whose shares are publicly traded on...

AI summary NSP Maritime Link Inc. is a subsidiary of Emera Inc., operating under the Maritime Link Act and the Public Utilities Act of Nova Scotia. The company is responsible for the Maritime Link Project, a $1.8 billion transmission project connecting Newfoundland and Labrador to Nova Scotia. The project includes subsea and overhead transmission lines and is regulated by the Nova Scotia Energy Board under a cost-of-service model with a target return on equity range of 8.75% to 9.25%.

Deferral of Marine Survey Costs On December 21, 2023, the NSEB approved NSPML's request to defer the cost of the 2024 marine survey over a 3 year period for customers. In 2024, a regulatory asset was created to defer the collection of this...

AI summary The NSEB approved NSPML's request to defer the 2024 marine survey costs over three years, creating a regulatory asset that was amortized in 2025. The unamortized balance as of December 31, 2025, was $1.3 million, which was recognized in 'OM&G' that year.

As outlined within this report, NSP Maritime Link Inc. (NSPML) continues to review and implement cost containment opportunities in all aspects of its business to ensure value and benefits are maximized for customers and Good Utility Practi...

AI summary NSP Maritime Link Inc. (NSPML) is implementing cost containment measures across its operations to maximize customer value and ensure Good Utility Practice. It proposes reporting these measures within its Assessment applications to the Nova Scotia Energy Board rather than in a separate report, aiming to streamline the regulatory process. In 2025, cost containment strategies resulted in O&M savings of approximately $844,000.

2.0 BACKGROUND In its 2021 Interim Assessment Decision (M09810), the Board directed NSPML to track its O&M cost containment and reduction initiatives and report on these measures in its annual financial reporting to the Board. NSPML contin...

AI summary The document outlines NSPML's commitment to cost containment and operational efficiency, referencing the Board's 2021 Interim Assessment Decision (M09810) and NSPML's adherence to Good Utility Practice. NSPML is required to report on O&M cost reduction initiatives and must seek NSEB approval for capital expenditures over $1 million, as mandated by the Public Utilities Act.

May 25, 2026 [[email protected]](mailto:[email protected]) Ms. Crystal Henwood Regulatory Affairs Clerk/Officer Nova Scotia Utility and Review Board 1601 Lower Water Street, 3rd Floor Halifax, Nova Scotia B3J 3P6 De...

AI summary NSPML has submitted responses to information requests in matter M12779 and is requesting confidential treatment for certain responses due to commercially sensitive and personal information. The request is made in accordance with the Board Regulatory Rules.

- 7. Where an Intervenor files testimony which contains Designated Confidential Information, the testimony must be filed on a confidential basis and the Designated Confidential Information must be specifically identified as such. In additi...

AI summary The text outlines procedures for handling Designated Confidential Information in regulatory proceedings, including requirements for filing, handling, and destruction of such information, as well as exceptions for legal counsel and the use of this information solely in NSPML-related regulatory proceedings.