Topic:"Regulatory Approval Processes" in M12954

M12954 – Review of Nova Scotia Power Incorporated Treatment of Variance Accounts On November 9, 2022, the Government of Nova Scotia amended the Public Utilities Act , SNS 2022, c 52, specifically s. 64 AB regarding the application and trea...

AI summary The Nova Scotia Energy Board is initiating a generic proceeding to review Nova Scotia Power Incorporated's treatment of variance accounts under the Public Utilities Act. London Economics International has been retained to review current interest rate practices and analyze alternative approaches. The process includes public comment, report filing, and a formal hearing.

\ \ \ DRAFT\ \ \ treatment for these account balances and potential future NS Power deferral and variance accounts. - Step 6: Interrogatories (IRs) on LEI Report : participants will be provided an opportunity to submit IRs on the LEI Repor...

AI summary The document outlines a procedural sequence for a regulatory proceeding, including steps such as submitting interrogatories, filing evidence, and oral hearings. Key entities involved are Nova Scotia Power and London Economics International.

NOTICE OF INTERVENTION OF: K + S Windsor Salt Ltd. CKF Inc. Crown Fibre Tube Inc. Irving Shipbuilding Inc. Maritime Paper Products Ltd. Michelin North America (Canada) Inc. Compass Minerals Canada Corp. Farnell Packaging Ltd. P & H Milling...

AI summary The Industrial Group, consisting of several large and medium industrial customers of NSPI, intervenes in this proceeding as their costs are directly affected by the Application. They follow the regulations set by the Energy Board.

Girish Patel Engineer Nova Scotia Department of Energy 1690 Hollis Street PO Box 7 Halifax NS B3J 3J9 [email protected] All of which is respectfully submitted at Halifax, Nova Scotia this 29 th day of July 2026 . Thomas Kayter on...

AI summary Girish Patel, an engineer from the Nova Scotia Department of Energy, submits a document on July 29, 2026, on behalf of the Department of Energy to Crystal Henwood, Clerk of the Nova Scotia Energy Board, at a specified address.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The Public Utilities Act, RSNS 1989, c.380, as amended - and - IN THE MATTER OF: Review of Nova Scotia Power Inc. Treatment of Variance Accounts

AI summary The Nova Scotia Energy Board is reviewing how Nova Scotia Power Inc. has handled variance accounts under the Public Utilities Act. This proceeding involves examining the company's accounting practices related to variances.

Eastward Energy Incorporated TAKE NOTICE that Eastward Energy ("Eastward") hereby requests to intervene in this proceeding. Eastward is a Nova Scotia-based company, formed for the purpose of providing natural gas distribution service to No...

AI summary Eastward Energy Incorporated, a Nova Scotia-based natural gas distribution company, has requested to intervene in a proceeding before the Nova Scotia Energy Board. The company provides natural gas services to residents and businesses and has provided contact information for its representatives.

tle be revised to Cost of Financing Treatment to recognize that its deferral accounts are financed through sources other than debt alone. The following comments from NS Power relate to Step 4 : Analyze optional interest rate treatment for...

AI summary The text discusses the revision of a deferral account treatment to reflect financing sources beyond debt. NS Power emphasizes the importance of considering the regulatory compact and the impact on ratepayers when analyzing alternative interest rate treatments for deferral and variance accounts. The weighted average cost of capital (WACC) was most recently approved by the Board in M12451.

llows as reasonable and prudent. NS Power's financing costs (i.e. its weighted average cost of capital) were most recently approved by the Board in M12451 as the just and reasonable cost of financing. The application of WACC to determine t...

AI summary NS Power argues that its weighted average cost of capital (WACC) is reasonable and prudent, referencing Board approval in M12451. It supports the use of WACC in calculating financing costs and emphasizes established regulatory practices. NS Power also requests the opportunity to provide final submissions and opposes granting LEI the same right, suggesting a paper hearing with the option to convert to an oral hearing.

Entity Relevant extracts from intervenor comments LEI's view filed on July 30th, 2026 Interest Rate Treatment, which may imply that the replacing 'Interest Rate deferral and variance accounts are only being Treatment' with 'Cost of finance...

AI summary NS Power suggests revising the title 'Interest Rate Treatment' to 'Cost of Financing Treatment' to reflect that deferral accounts are financed through various sources, not just debt. NS Power also emphasizes the importance of considering the regulatory compact during the analysis of alternative interest rate treatments. LEI agrees to analyze the cost of financing treatment and acknowledges the need for NS Power to provide a rebuttal if necessary.

August 26, 2026 [[email protected]](mailto:[email protected]) Michael Willet Senior Director, Regulatory Nova Scotia Power Incorporated P.O. Box 910, 1223 Lower Water Street Halifax, NS B3J 3S8 Dear Mr. Willet: M12954 – Rev...

AI summary The Board has finalized the Terms of Reference for a review of Nova Scotia Power Incorporated's treatment of variance accounts, following input from NS Power, the Consumer Advocate, Small Business Advocate, and the Industrial Group. The review is being conducted by London Economics International, with a formal hearing order to be issued once the report is filed.