Topic:"Regulatory Compliance" in M12412

Nova Scotia Energy Board IN THE MATTER OF the More Access to Energy Act, 1998 , SNS 2024, c 2, Sch B, (the "Act")

AI summary The Nova Scotia Energy Board is referencing the More Access to Energy Act, 1998, as amended by SNS 2024, c 2, Sch B, in a regulatory proceeding. The document establishes the legal framework under which the proceeding is being analyzed.

nsition costs beyond those forecasted could occur in the current or future financial periods. 1 More Access to Energy Act , SNS 2024, c 2, Sch B; See Section 7.

AI summary The text highlights the potential for transition costs exceeding forecasts in current or future financial periods, referencing the More Access to Energy Act, SNS 2024, c 2, Sch B, Section 7. This legislation is cited as a regulatory framework relevant to the discussion.

="page-5-2"> 2 More Access to Energy Act , SNS 2024, c 2, Sch B; See Section 7. 3 More Access to Energy Act , SNS 2024, c 2, Sch B, Section 2. - 1 f. to provide for a phased transition of the system operator from Nova Scotia Power 2 Incorp...

AI summary The More Access to Energy Act mandates a phased transition from Nova Scotia Power Inc. to the Nova Scotia Independent Energy System Operator (NSIESO), outlining NSIESO's responsibilities, including grid reliability, market coordination, power system planning, and ensuring bulk electricity system adequacy.

17 Table 6: FTE Positions under the Administration Salaries and Wages Cost Category Positions Description Vice President of Regulatory Compliance, & Stakeholder Engagement/Chief Legal Counsel This senior leadership position is responsible...

AI summary The text presents Table 6, which outlines FTE positions under the Administration Salaries and Wages Cost Category. It describes roles such as the Vice President of Regulatory Compliance, the EA/Board Secretary, and the HR Manager, highlighting their responsibilities in regulatory compliance, administrative support, and human resources management.

7 A. Net OM&A Deferral and Variance Account - 8 The NSIESO is seeking approval to establish the Net OM&A Deferral and Variance Account to - 9 defer the recovery of its approved and forecasted Net Ongoing OM&A costs (i.e., net of Provincial...

AI summary NSIESO seeks approval to establish a Net OM&A Deferral and Variance Account to defer recovery of approved and forecasted Net Ongoing OM&A costs (net of Provincial Funding) and record variances between forecast and actual expenses through March 31, 2026, including transition costs exceeding Provincial funding.

3. Timing of recovery of the 25/26 revenue requirement IESO Nova Scotia would also like to clarify its request as it relates to the timing of recovery of the revenue requirement for 2025/26. For reference, the Board sought the following in...

AI summary IESO Nova Scotia seeks to recover its 2025-2026 revenue requirement starting April 1, 2026, concurrent with the fiscal year beginning April 2026. It plans to submit an application for the Expenditure Forecast and Revenue Requirement for April 1, 2026, to March 31, 2027, by December 31, 2025.

2.0 TERM OF AGREEMENT - 2.01 Subject to Articles 3.0 (Provincial Funding) and 6.0 (Termination), the IESO shall undertake this work from the Effective Date of this Agreement until March 31, 2026. - 2.02 The IESO shall provide two reports o...

AI summary The agreement outlines the IESO's obligations from the Effective Date until March 31, 2026, subject to Provincial Funding and Termination provisions. The IESO must submit a mid-year progress report by October 1, 2025, and a final report by March 31, 2026, detailing fund usage.

10.0 COMPLIANCE WITH LAWS AND PROVINCE'S PROCEDURES 10.01 The IESO shall comply, and shall require its employees to comply, with all applicable laws, orders, rules, and regulations.

AI summary Section 10.01 mandates that the IESO comply with all applicable laws, orders, rules, and regulations, and ensure its employees do the same. This emphasizes the organization's legal obligations and internal compliance requirements.

RECITALS: The Province passed the Energy Reform (2024) Act in Spring 2024 directing transformative changes needed to drive and guide Nova Scotia's energy transition, including achieving 2030 clean energy goals and creating a reliable and m...

AI summary The Province of Nova Scotia enacted the Energy Reform (2024) Act to establish a new Independent Energy System Operator (IESO) and restructure regulatory oversight via a new Energy Board. The IESO's transition from Nova Scotia Power (NSP) involves phased operational readiness, staffing, and ratepayer-funded startup costs. The Clean Electricity Task Force's 2023 report informed these reforms.

2.0 TERM OF AGREEMENT - 2.01 Subject to Articles 3.0 (Provincial Funding) and 6.0 (Termination), the IESO shall undertake this work from the Effective Date of this Agreement until March 31, 2026. - 2.02 The IESO shall provide two reports o...

AI summary The agreement outlines the IESO's obligations from the Effective Date until March 31, 2026, subject to Provincial Funding and Termination provisions. The IESO must submit a mid-year progress report by October 1, 2025, and a final report by March 31, 2026, detailing fund usage.

8.0 NOVA SCOTIA WORKERS' COMPENSATION ACT COVERAGE 8.01 The IESO will ensure that coverage under the Nova Scotia Workers' Compensation Act is maintained for all of its employees as it performs work on the Startup Phase.

AI summary The Nova Scotia Independent Energy System Operator (IESO) is required to maintain coverage under the Nova Scotia Workers' Compensation Act for all its employees during the Startup Phase of operations. This ensures compliance with legal obligations regarding employee safety and compensation.

10.0 COMPLIANCE WITH LAWS AND PROVINCE'S PROCEDURES 10.01 The IESO shall comply, and shall require its employees to comply, with all applicable laws, orders, rules, and regulations.

AI summary Section 10.01 mandates that the IESO comply with all applicable laws, orders, rules, and regulations, and ensure its employees do the same. This emphasizes the organization's legal obligations and internal compliance requirements.

6 Response IR - 18 7 a) Please see Response to NSEB IR – 18. Date filed: October 7, 2025 NSIESO (DGT) IR - 18 Page 1 of 1

AI summary A regulatory response to IR - 18, filed by NSIESO on October 7, 2025, referencing a prior response to NSEB IR – 18. The document indicates procedural context within a Nova Scotia energy regulatory proceeding.

1 Request IR - 23 - 2 Reference: Exhibit B-2 (page 25 of 36, lines 1-3)…"Legal and Compliance: These costs are for - 3 advice from external legal counsel regarding legal compliance and in connection with various - 4 agreements that the NSI...

AI summary The document text from Request IR-23 inquires about legal costs related to NSIESO's compliance and agreements, specifically asking which legal firms are expected to be retained and their hourly rates or retainer agreements.

Response IR - 34 - a) The NSIESO, a start up with no financial operating history, is working diligently to forecast all OM&A expenses. The NSIESO has requested the Net OM&A Deferral and Variance Account to account for all variances against...

AI summary NSIESO acknowledges its limited financial history but emphasizes transparent OM&A expense forecasting and basic financial controls. It states that transition costs exceeding provincial funding will be recovered via customer revenue. The organization plans to enhance financial processes as it matures.

3. Legislative Framework This ToR is guided by the requirements and intent of the Act , including but not limited to the establishment of an independent system operator and the delineation of its roles and responsibilities from those of th...

AI summary The ToR is guided by the Act , which mandates the establishment of an independent system operator and defines its distinct roles and responsibilities separate from those of the vertically integrated utility.

4. Guiding Principles • Information Sharing: NS Power shall, in addition to its duties as a transmitter under the Act, provide IESO Nova Scotia in a timely manner with all relevant information and data in its possession or control, includi...

AI summary The Guiding Principles outline information-sharing obligations between NS Power and IESO Nova Scotia, including escalation procedures for unresolved issues. Continuity of operations, timeliness, and clear division of responsibilities are emphasized, with reference to the More Access to Energy Act . Both parties must cooperate to define roles and ensure regulatory compliance during transitions.

7. Reporting and Communication Progress reports may be jointly prepared and submitted to the CEO and President of Nova Scotia Power and the CEO of the IESO Nova Scotia.

AI summary Progress reports may be jointly prepared and submitted to the CEO and President of Nova Scotia Power and the CEO of the IESO Nova Scotia.

NON-CONFIDENTIAL The Phase 1 transitioning NS Power non-union employees will begin to transition to the NSIESO as transition plans are confirmed. The current target date for the transfer of Phase 1 roles is December 1, 2025. Under the More...

AI summary The transition of non-union NS Power employees to NSIESO is planned for December 1, 2025, under the More Access to Energy Act , s. 40. NSIESO must offer employment, but employees are not obligated to accept. Recruitment delays may occur if roles remain vacant. The organization chart is evolving and will be updated as NSIESO builds Phase 1, with recruitment for 12–14 roles expected to begin by January 2026.

NON-CONFIDENTIAL 1 Request IR - 14 23 inclusive of the employer portion for group benefits. Please refer to Response to DGT 24 IR-7 c). 25 c) The positions are aligned with peer organizations with similar administrative functions 26 for fi...

AI summary The document discusses the alignment of positions and compensation philosophy for the NSIESO, referencing peer organizations and recruitment market data to ensure competitive compensation for roles in financial, legal, administrative, and regulatory functions.

NON-CONFIDENTIAL 21 from the forecast will be recorded and reconciled through the Net OM&A Deferral and 22 Variance Account. 23 b) The NSIESO has not formally sought feedback from other system operators or utilities on 24 specific vendors....

AI summary The NSIESO (NSEB) outlines its approach to managing Net OM&A Deferral and Variance Account reconciliations, plans to engage peers on cybersecurity, and prepares for NERC CIP compliance post-transition from NSPI. It emphasizes incorporating NERC standards into planning and hiring cybersecurity roles to ensure readiness.

NON-CONFIDENTIAL - 41 obligations will necessitate increased monitoring, staffing, and insurance requirements, - 42 which will be addressed in future revenue requirement applications. Date filed: October 7, 2025 NSIESO (NSEB) IR - 23 Page...

AI summary The text outlines obligations requiring increased monitoring, staffing, and insurance, which will be addressed in future revenue requirement applications. The document is from NSIESO (NSEB) and was filed on October 7, 2025.

NON-CONFIDENTIAL 21 g) Please clarify if the management team structure is expected to remain the same, as 22 described in the Application, once the NSIESO is fully phased-in? Are there additional 23 positions expected? Please provide cost...

AI summary The response outlines the structure and evolution of the NSIESO management team, noting that the CEO will start in August 2025 and other roles will be filled as recruitment progresses. The NSIESO is in its start-up phase and will require new roles for policy, regulatory, and administrative functions. The compensation structure is evolving, with only the CEO receiving a performance bonus. No cost estimates for management changes are currently available.

NON-CONFIDENTIAL b) Please refer to Response to NSEB IR-17 (b) and (c) and Response to CA IR-5 (a) and (b). c) Please refer to Response to NSEB IR-13 (a). Under the More Access to Energy Act , Section 36 (1): "The IESO shall make an offer...

AI summary The NSIESO is in early stages of planning its IRP, with consulting fees budgeted for IRP tasks. No consultants or modeling software have been identified yet. Legal obligations under the More Access to Energy Act regarding employee employment offers are noted. The CEO's role in IRP direction is mentioned.

- 4 Figure 1 Summary of findings, observations and conclusions # Section title Findings, observations, and conclusions 7. Deferral account Overall, the implementation and use of deferral accounts and mechanisms is a common practice among u...

AI summary The document discusses the implementation of deferral accounts and mechanisms by utilities and ISOs across Canada, emphasizing their role in rate stabilization and compliance with regulatory frameworks. It notes that the NSIESO's proposal to implement a Net OM&A Deferral and Variance Account aligns with standard industry practice but highlights key findings and recommendations for consideration before NSIESO operations.

16 2.2 Guiding principles - 17 A summary of the key themes which guide GUP and have been considered throughout our review have been detailed - 18 below:

AI summary The section outlines guiding principles for Good Utility Practice (GUP), emphasizing key themes considered during the regulatory review. Specific themes are detailed in subsequent points, though not elaborated here.

19 Figure 2 – GUP guiding principles Theme Description Safety Safety is a foundational element of GUP. Utilities are expected to implement and maintain rigorous safety protocols to protect employees, customers, and the public. This include...

AI summary The document outlines the guiding principles of Good Utility Practice (GUP), emphasizing safety, reliability, efficiency, regulatory compliance, cost-effectiveness, and transparency. These principles are essential for ensuring safe, reliable, and efficient utility services while promoting compliance with regulations and transparency in the regulatory process.

3 Basis for forecasted salaries and wages - 4 Per the Application, forecasted compensation for the above positions was established on the basis that the Act - 5 mandates the NSIESO to make an offer of employment to applicable NSPI employee...

AI summary The NSIESO's forecasted salaries and wages are based on NSPI employees' current compensation, including base salaries, bonuses, and benefits, as mandated by the Act. The review of the forecast, including a confidential attachment and Figure 14, supports this approach.

verage for leased commercial property. However, upon further inquiry with the NSIESO, their response to DGT-IR-14 clarified that the estimate of $0.005 million was informed by general market knowledge of typical property insurance premiums...

AI summary The document outlines estimated insurance and communications costs for the NSIESO. Cybersecurity insurance is estimated at $0.05 million based on preliminary market information, while property insurance is estimated at $0.005 million. The communications plan involves engaging a senior communications consultant with an estimated cost of $45,000. These figures are based on informal discussions and general market knowledge, with no formal quotes obtained yet.

21 6.3.1.2 Transition planning and communication

AI summary The section addresses transition planning and communication within the regulatory context, likely involving energy sector stakeholders and processes. Key entities include Nova Scotia Energy Board (NSEB) and Nova Scotia Independent Energy System Operator (NSIESO), with potential focus on organizational transitions, stakeholder engagement, and regulatory compliance.

5 Figure 28 – Summary of employee positions Position Number of positions Category CEO 1 Administration Vice President of Finance, Corporate Services & Market Services 1 Administration Vice President of Operations, Planning, Reliability & P...

AI summary The document outlines the summary of employee positions within the organization, including roles in administration, engineering, and technical fields. It notes that some positions are transitioning from NSPI to NSIESO, with administrative roles generally not being transferred due to potential duplication.

7.3.1.4.1 US Generally Accepted Accounting Principles ("US GAAP") – ASC 980 - ASC 980 applies to entities whose rates are established or approved by an independent regulator and allows for the - deferral of costs or revenues that will be r...

AI summary ASC 980 applies to entities with rates set by independent regulators, allowing deferral of costs/revenues recoverable via future rates. Key policies include recognizing regulatory assets/liabilities when recovery/refund is probable, amortizing deferred amounts over recovery periods, and annual reasonableness reviews.

Nature and scope of prudence reviews - The nature and scope of a prudence review in respect of any costs is the consideration of the reasonableness of the - NSIESO's expenditure decision consistent with its statutory objects and purposes b...

AI summary The NSEB evaluates NSIESO's expenditure decisions for reasonableness against statutory objectives, using available information at the time of the decision without applying hindsight. Prudence reviews focus on alignment with statutory purposes and operational justification.

7.4 Conclusion Overall, the implementation and use of deferral accounts and mechanisms is a common practice among utilities and ISOs across Canada. They are important to help ensure stabilization of rates, alignment of cost recovery with s...

AI summary The NSIESO's proposal for a Net OM&A Deferral and Variance Account aligns with industry practices but requires enhanced cost controls, accounting policies, overrun thresholds, and regulatory guidelines to ensure ratepayer fairness and compliance. Key recommendations include prudence reviews, standardized accounting, and defined recovery limits.

9 Matter 12412? 10 A Our purpose as Board Counsel Consultants is to ensure that technical aspects of 11 NSIESO's initial IRP are prepared in accordance with its obligations under the Nova Scotia More Access to Energy Act , including, for e...

AI summary Board Counsel Consultants emphasize the need for NSIESO to align its initial Integrated Resource Plan (IRP) with the Nova Scotia More Access to Energy Act, including evaluating diverse energy resources. References include Synapse Energy Economics' 2014 energy efficiency comments and NSP's 2023 Evergreen IRP. A 2025 comment on Matter 12247 is also cited.

he next IRP 16 analysis. - As noted in Synapse's Evidence in the Reliability Tie Matter 12217,[9](#page-6-1) 17 regardless 18 of the uncertainty or the timing of such an enhancement, we recommend that 8 See, e.g., Wasoqonatal Transmission...

AI summary The document discusses NSIESO's role in regional energy cooperation, referencing the Energy Reform (2024) Act and the Reliability Tie Matter 12217. It highlights NS Power's position that reinforcing interconnections with NB Power is foundational for regional resource coordination, supported by Synapse's evidence on NSIESO's responsibilities.

PROFESSIONAL EXPERIENCE Synapse Energy Economics, Inc ., Cambridge, MA. Senior Vice President , 2024 – Present, Vice President , 2018 – 2024, Principal Associate , 2009 – 2018, Senior Associate , 2004 – 2009. Responsibilities include consu...

AI summary The individual holds senior roles at Synapse Energy Economics, Inc., focusing on energy economics, electricity utility planning, regulation, and expert testimony on wholesale/retail electricity issues. Responsibilities include analysis of transmission, generation, and demand-side management, with extensive project experience in the sector.

(February 2018) and Direct (August 2017) Testimony examining reliability need for the proposed Clear River Energy Center in Burrillville, RI. Testimony filed on behalf of Conservation Law Foundation. Michigan Public Service Commission (Cas...

AI summary Testimonies from 2016-2018 opposing natural gas plant proposals in RI, MI, and PEI, focusing on reliability, resource adequacy, and regulatory compliance. Filed by environmental groups and consumer advocates critiquing projects and advocating for renewable energy alternatives.

Deferral account – financial controls Report reference: Page 5, bullet 1 and Page 51, lines 31-39 • "While the NSIESO has basic financial controls in place, they do not have established cost management controls for monitoring expenditures....

AI summary The NSIESO lacks established cost management controls, risking excessive ratepayer burdens from unmanaged cost overruns. The recommendation emphasizes creating prudence review processes for budget overruns to align with GUP's cost-effectiveness principles, ensuring efficient and transparent resource allocation.

Deferral account – cost overruns & thresholds Report reference: Page 5, bullet 3 and Page 51 (lines 31-39) to Page 52 (lines 1-3) • "There is currently no identified threshold for overrun or limit on the amount of costs that can be recover...

AI summary The document highlights the absence of cost thresholds in the NSIESO's deferral account, recommending their implementation to align with GUP's cost-effectiveness principles and industry standards. It emphasizes accountability, minimizing uncontrolled cost overruns, and ensuring consistency with other organizations' practices.

- (ii) Volatility and variability Expense categories that are highly variable would be considered to have a higher degree of significance. 1 (iii) – Expenses that Impact on end user decision-making 2 frequently impact decisions would have...

AI summary The text discusses the importance of volatility and variability in expense categories and outlines filing requirements for future applications. It emphasizes the significance of expenses that impact decision-making, such as those related to reliability and safety. It also addresses accounting policies for the NSIESO, suggesting that consistency with Nova Scotia Power Inc.'s US GAAP could offer benefits in comparability, alignment, and transparency.

Request IR-7: Reference: Page 52, lines 4-11. Preamble: DGT states there is currently no identified threshold for overrun or limit on the amount of costs in the DVA and that thresholds, limits, and/or specific approval requirements are key...

AI summary The DGT emphasizes the importance of thresholds and limits in deferral tools like the DVA to ensure accountability and prevent cost overruns. Request IR-7 asks whether the DGT recommends a limit/methodology for the DVA and if establishing a deferral account and recovery from ratepayers require separate regulatory approvals.

Response – IR-7: - (a) An appropriate starting point would be to consider implementing approval requirements for cost categories which exceed the approved forecasted amount by 10% or more. This is aligned with the threshold applied to the...

AI summary The response suggests a 10% threshold for cost category approvals, aligning with Alberta's approach and project management standards, while noting initial judgment is needed due to limited data. It also states that establishing a deferral account and recovering costs from ratepayers require separate regulatory approvals.

Doane Grant Thornton Evidence DGT's submission covers several areas of the Application and includes comments and recommendations regarding the test year budget, benchmarking administration salaries and wages, organizational structure, and...

AI summary DGT's submission addresses the Application's test year budget, salary benchmarking, organizational structure, and Net OM&A Deferral Account. IESO Nova Scotia agrees with many recommendations but notes the need to consider its early developmental stage. DGT recommends setting cost recovery thresholds for the Net OM&A Deferral Account to prevent uncontrolled overruns, which IESO acknowledges but emphasizes ongoing implementation plans for 2026.

IN THE MATTER of the MORE ACCESS TO ENERGY ACT – and – IN THE MATTER OF AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the test year ending March 31...

AI summary The document pertains to a regulatory proceeding under the More Access to Energy Act, involving an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirement for the test year ending March 31, 2026. The proceeding is before a panel including Stephen T. McGrath, Roland A. Deveau, and Pennifer L. Nicholson.

MUNICIPAL ELECTRIC UTILITIIES James MacDuff, Counsel NOVA SCOTIA POWER INC. Jennifer Power, Counsel Blake Williams, Counsel PORT HAWKESBURY PAPER LP David MacDougall, Counsel SWEB DEVELOPMENT LP Mason Baker BOARD COUNSEL: William L. Mahody...

AI summary The Board approved IESO Nova Scotia's 2025/26 revenue requirement and Deferral and Variance Account. It directed the IESO to implement financial controls and quarterly reporting by the next revenue application. Key participants include Nova Scotia Power Inc., Port Hawkesbury Paper LP, Sweb Development LP, and Board Counsel William L. Mahody.

pecific guidelines and accounting policies describing the operation of the Deferral and Variance Account. This must be filed no later than the IESO's application for its 2027/2028 revenue requirement. [7] No later than its next revenue req...

AI summary The IESO is required to file guidelines for the Deferral and Variance Account by its 2027/2028 revenue application. It must also implement financial controls, submit audited financials, three-year projections, and business plans. Quarterly reports starting May 2026 are mandated, covering transition progress, staffing, compliance, and cost forecasts. The Board emphasizes integrated resource planning and regulatory compliance.

3.2.1 Findings [32] The Board finds Doane Grant Thornton's review to be comprehensive and agrees that based on its analysis the expense categories and amounts appear reasonable. The Board also agrees that appropriate support for all expens...

AI summary The Board agrees with Doane Grant Thornton's analysis, finding expense categories and amounts reasonable. It mandates future filings include appropriate support for all expenses, emphasizing transparency in regulatory submissions.

mportant that they be re-established in an efficient and effective manner. Thus, the Board concurs with Doane Grant Thornton that the IESO must develop specific cost management controls as a priority. [44] Further, while the Board agrees w...

AI summary The Board agrees with Doane Grant Thornton that the IESO must prioritize developing cost management controls. It supports the Net OM&A Deferral and Variance Account but requires specific guidelines for cost recovery. The IESO's accounting policies must align with NS Power's Fuel Adjustment Mechanism and Decarbonization Deferral Account standards. The More Access to Energy Act mandates prudence reviews for forecast costs, with the Board referencing its 2025 NSEB 10 decision on prudence tests.

3.4 Minimum Filing Requirements and Financial Controls [51] As discussed above, it was determined through the IR process that IESO Nova Scotia relied on generic market information and informal discussions to determine its forecasted expens...

AI summary The document outlines recommendations for minimum filing requirements for IESO Nova Scotia, including formal support for significant budget items and stakeholder engagement evidence. Doane Grant Thornton advised implementing these requirements, while the Industrial Group emphasized detailed financial and engagement documentation in future submissions.

3.6 Reporting on the Transition from NS Power [78] IESO Nova Scotia stated that it will assume the system operator responsibilities under the More Access to Energy Act in a two-phased transition. In the first phase of the transition, it wi...

AI summary IESO Nova Scotia outlined a two-phase transition from NS Power, with Phase 1 (system planning, procurement) to begin in Q4 2025 and Phase 2 (real-time dispatch) in Q2 2027. The IESO proposed monthly transition reports, but the Industrial Group requested expanded details on costs and milestones. The IESO argued that Phase 1 was largely complete and that cost reporting would increase regulatory burden.

3.6.1 Findings [84] The Board agrees that reporting should occur to update the Board and interested parties on the status of the transition, generally, including the transfer of responsibilities from NS Power to the IESO and various initia...

AI summary The Board agrees that quarterly reports from IESO Nova Scotia are necessary to update stakeholders on the transition from NS Power to the IESO, including progress on the IRP, procurement, and rate recovery mechanisms. Reports must cover transition phases, financial controls, and material operational changes, starting May 15, 2026, with Phase 2 of the transition expected in Q2 2027.

ORDER The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) applied to the Nova Scotia Energy Board on August 5, 2025, under s. 29 of the More Access to Energy Act , for approval of its proposed expenditure and revenue requ...

AI summary The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) applied to the Nova Scotia Energy Board on August 5, 2025, under the More Access to Energy Act, seeking approval for its expenditure and revenue requirement for the initial test year ending March 31, 2026. The Board approved the application on February 25, 2026, as amended.

The Board orders that: - 1. IESO Nova Scotia's expenditure and revenue requirement for its initial test year ending March 31, 2026, is approved at $6,751,287, with a net amount of $5,306,824 after the application of provincial funding. - 2...

AI summary The Board approves IESO Nova Scotia's expenditure and revenue requirement for 2026, sets guidelines for future applications, and outlines requirements for integrated resource planning and quarterly reporting. The decision emphasizes detailed financial controls, engagement with Indigenous groups, and integration of emissions offset costs into modeling.

IN THE MATTER of the MORE ACCESS TO ENERGY ACT -and- IN THE MATTER OF AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the test year ending March 31,...

AI summary The document pertains to a regulatory proceeding under the More Access to Energy Act, involving an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirement for the test year ending March 31, 2026.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act , SNS 2024, c 2, Sch B - and – IN THE MATTER OF: AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and rev...

AI summary The Nova Scotia Energy Board is considering an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirement for the test year ending March 31, 2026. The proceeding relates to the More Access to Energy Act, SNS 2024, c 2, and involves the Nova Scotia Department of Energy's Executive Lead for Electricity Projects.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act - and - IN THE MATTER OF: An application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for th...

AI summary The Nova Scotia Energy Board is addressing two matters: the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirement for the test year ending March 31, 2026.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The PUBLIC UTILITIES ACT -and- IN THE MATTER OF: An Application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the test...

AI summary The Nova Scotia Energy Board is considering an application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the test year ending March 31, 2026, under the Public Utilities Act.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act - and - IN THE MATTER OF: An Application by Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the te...

AI summary The Nova Scotia Energy Board is handling two matters: one related to the More Access to Energy Act, and another involving Nova Scotia Independent Energy System Operator's application for approval of its expenditure and revenue requirement for the test year ending March 31, 2026.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act, 1998 , SNS 2024, c 2, Sch B - and - IN THE MATTER OF: NSEB Matter No. M12412 – Nova Scotia Independent Energy System Operator – Proposed expenditure and revenue requ...

AI summary The Nova Scotia Energy Board is addressing a regulatory proceeding under the More Access to Energy Act, 1998 (SNS 2024, c 2) concerning the Nova Scotia Independent Energy System Operator's proposed expenditure and revenue requirements for the test year ending March 31, 2026.

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 distributor, requests intervention in a regulatory proceeding before the Nova Scotia Energy Board. The company provides contact details for representatives Allison Coffin and Angela Costello, and the proceeding is dated August 12, 2025.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The MORE ACCESS TO ENERGY ACT -and- IN THE MATTER OF: An application by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the...

AI summary The Nova Scotia Energy Board is handling a proceeding involving the 'More Access to Energy Act' and an application by the Nova Scotia Independent Energy System Operator seeking approval for its expenditure and revenue requirements for the test year ending March 31, 2026.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act – and – IN THE MATTER OF: An Application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for th...

AI summary The Nova Scotia Energy Board is considering two matters: the implementation of the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator seeking approval for its expenditure and revenue requirement for the test year ending March 31, 2026.

NOTICE OF INTERVENTION TO: The Nova Scotia Energy Board ("Board") AND TO: The Nova Scotia Independent System Operator - 1. PORT HAWKESBURY PAPER LP ("PHP") conducts its business in Nova Scotia, and is engaged in the manufacture of paper at...

AI summary Port Hawkesbury Paper LP (PHP) seeks intervenor status in a Nova Scotia Energy Board hearing, citing its significant power purchases from NSPI under the ELIADC Tariff. PHP provides contact details for the proceeding.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act – and – IN THE MATTER OF: An Application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for th...

AI summary The Nova Scotia Energy Board is addressing two matters: the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator seeking approval for its expenditure and revenue requirement for the test year ending March 31, 2026.

IN THE MATTER of the MORE ACCESS TO ENERGY ACT - and - IN THE MATTER OF AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the test year ending March 31...

AI summary The document pertains to a regulatory proceeding under the More Access to Energy Act, involving an application by the Nova Scotia Independent Energy System Operator for approval of its expenditure and revenue requirement for the test year ending March 31, 2026.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: MORE ACCESS TO ENERGY ACT - and - IN THE MATTER OF: AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the te...

AI summary The Nova Scotia Energy Board is addressing two matters: the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator seeking approval for its expenditure and revenue requirement for the test year ending March 31, 2026.

Request IR-22: Reference: Exhibit N-1(i), pp. 27 of 36 - With respect to the 'Technology Needs Assessment and Business Case", "Office Lease", and - "Control Centre Planning", wouldn't these be better classified as one-time transition costs...

AI summary The document contains four requests (IR-22 to IR-25) questioning NSIESO's classification of costs, cybersecurity vendor selection, control center planning options, and accounting for transition costs. Requests focus on cost categorization, vendor selection processes, compliance with NERC standards, and potential cost-saving measures through NS Power's existing infrastructure.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: MORE ACCESS TO ENERGY ACT - and - IN THE MATTER OF: An Application by the Nova Scotia Independent Energy System Operator (NSIESO) for approval of its proposed expenditure and revenue requirement f...

AI summary The Nova Scotia Energy Board is addressing two matters: the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator (NSIESO) seeking approval for its proposed expenditure and revenue requirement for the test year ending March 31, 2026.

1 M12412 2 3 NOVA SCOTIA ENERGY BOARD 4 5 6 IN THE MATTER OF: The More Access to Energy Act 7 8 – and – 9 10 IN THE MATTER OF: An Application by the NOVA SCOTIA INDEPENDENT 11 ENERGY SYSTEM OPERATOR for approval of its proposed 12 expendit...

AI summary The Nova Scotia Energy Board handles a proceeding under the More Access to Energy Act, involving an application by the Nova Scotia Independent Energy System Operator for approval of its 2026 expenditure and revenue requirements. The Consumer Advocate has issued information requests to the operator, with responses due October 7, 2025.

In the Matter of the More Access to Energy Act - and - In the Matter of an Application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the test year ending March 31...

AI summary The document pertains to a regulatory proceeding under the More Access to Energy Act, involving an application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the test year ending March 31, 2026.

Non-Confidential To: The Nova Scotia Independent Energy System Operator ("NSIESO") 11. Reference: Exhibit B-2 (page 19 of 36, line 16, Table 7) & Exhibit B-2 (page 21 of 36, lines 10-16)"cost forecast also assumes that external consultants...

AI summary The document includes questions regarding the estimation of Integrated Resource Planning consulting fees and the basis for Directors Errors and Omissions Insurance costs. These inquiries are directed at the Nova Scotia Independent Energy System Operator (NSIESO) and pertain to financial planning and insurance policies.

Conclusion The Industrial Group respectfully requests the following Order and directions to IESO-NS: - 1. Approve the creation of a time-limited net OM&A Deferral Account covering the period ending March 31, 2026, and adopt the DGT recomme...

AI summary The Industrial Group requests the NSEB and IESO-NS to approve a time-limited net OM&A Deferral Account, adopt DGT's 10% cost overrun threshold, and mandate detailed reporting in future RR applications, including stakeholder engagement evidence, financial controls, monthly progress updates, and an IRP schedule by March 2026.

SBA Concerns The SBA respectfully submits that evidence filed by Doane Grant Thornton and Synapse Energy Advisors on behalf of Board Counsel appears to share the concerns outlined above, as evidenced in the suggestions for the need for mor...

AI summary The SBA raises concerns about the timeline for implementing financial controls and accounting policies recommended by Doane Grant Thornton and Synapse Energy Advisors. IESO-Nova Scotia claims these measures are in 'active development' and will be established by 2026, but the SBA questions whether this timeline is sufficient to impact the upcoming 2026/2027 revenue requirement application.

ities to perform its executive, administrative, and occupational functions" (Exhibit N-1 – Application of IESO-NS, page 1, lines 14-15). The findings of Doane Grant Thornton confirm that description. The Board Consultant has put forward a...

AI summary The Board Consultant recommends IESO-NS improve financial transparency, establish cost controls, develop compliant accounting policies, and implement deferral account guidelines. The Board is urged to direct IESO-NS to follow these recommendations, ensuring efficient and transparent operations that protect ratepayer interests.

Cost Control Mechanisms The CA, SBA and IG all provided similar comments with respect to cost control mechanisms and the related conclusions and recommendations of Doane Grant Thornton's (DGT) submission of October 28, 2025. The SBA also r...

AI summary The CA, SBA, and IG aligned on cost control mechanisms from DGT's submission. SBA recommended governance controls, while IESO Nova Scotia confirmed existing financial controls since mid-2025 and plans to implement additional measures in Q1 2026. IESO supports intervenor recommendations and cites ongoing governance work in its revenue requirement applications.

Evidentiary Requirements IG recommended the following with respect to evidentiary requirements of future revenue requirement applications: 2. As part of future RR applications, include the following at minimum: 8 Small Business Advocate Su...

AI summary The document outlines evidentiary requirements for future revenue requirement (RR) applications, including financial results, budget support, stakeholder engagement, and deferral justifications. IESO Nova Scotia agrees to provide documentation with caveats, while DGT emphasizes formal support for significant budget items. The More Access to Energy Act mandates annual reporting for stakeholder engagement.

MUNICIPAL ELECTRIC UTILITIIES James MacDuff, Counsel NOVA SCOTIA POWER INC. Jennifer Power, Counsel Blake Williams, Counsel PORT HAWKESBURY PAPER LP David MacDougall, Counsel SWEB DEVELOPMENT LP Mason Baker BOARD COUNSEL: William L. Mahody...

AI summary The Board approved IESO Nova Scotia's 2025/26 revenue requirement and Deferral and Variance Account. The IESO must file financial controls and quarterly reports by the next revenue application. Final submissions were received on January 29, 2026, with a decision date of February 25, 2026.

pecific guidelines and accounting policies describing the operation of the Deferral and Variance Account. This must be filed no later than the IESO's application for its 2027/2028 revenue requirement. [7] No later than its next revenue req...

AI summary The Board directs IESO Nova Scotia to submit guidelines, financial controls, and quarterly reports, including updates on system operator transition phases, staffing, and compliance. Minimum filing requirements include audited statements, projections, and a business plan.

to occur in Q2 2027. Its forecast annual expenditure and revenue requirement is anticipated to increase over the first three fiscal years to reflect the increased scope of functions it will undertake. - [10] IESO Nova Scotia applied to the...

AI summary IESO Nova Scotia seeks approval for its OM&A expenses and revenue requirement for its initial test year ending March 31, 2026, including establishing a Net OM&A Deferral and Variance Account. The application aligns with its obligations under the More Access to Energy Act, including commencing its first integrated resource planning exercise by October 2025.

mportant that they be re-established in an efficient and effective manner. Thus, the Board concurs with Doane Grant Thornton that the IESO must develop specific cost management controls as a priority. [44] Further, while the Board agrees w...

AI summary The Board agrees with Doane Grant Thornton on the need for IESO to develop cost management controls and the creation of the Net OM&A Deferral Account, but requires guidelines and policies before cost recovery. Prudence reviews for overruns are mandated under the More Access to Energy Act, with specific references to past Board decisions.

3.4 Minimum Filing Requirements and Financial Controls [51] As discussed above, it was determined through the IR process that IESO Nova Scotia relied on generic market information and informal discussions to determine its forecasted expens...

AI summary The document outlines recommendations for minimum filing requirements for IESO Nova Scotia's financial applications, emphasizing formal support for budget items and stakeholder engagement. Doane Grant Thornton advised the Board to require detailed evidence for forecasted expenses, while the Industrial Group proposed four specific requirements, including historical financial data, stakeholder collaboration details, and justification for deferral amounts.

3.5 Integrated Resource Planning Process [54] Section 11(1) of the More Access to Energy Act required the IESO to start its first integrated resource planning process within one year after the proclamation of that section on October 24, 20...

AI summary Section 11 of the More Access to Energy Act mandates the IESO to initiate integrated resource planning (IRP) within one year of the Act's proclamation (October 2024), with the first IRP starting in October 2025. The IESO must evaluate diverse energy resources and file results with the NSEB. However, IESO Nova Scotia provided limited details on its initial IRP activities, focusing instead on staffing costs related to the function.

3.5.1 Findings [69] The development of IESO Nova Scotia's first IRP is an important foundational exercise which lays the groundwork for the system operator's activities going forward. As Synapse noted, it is "crucial for informing near-ter...

AI summary The document emphasizes the importance of IESO Nova Scotia's first Integrated Resource Plan (IRP) for informed procurement and ratepayer interests. It highlights NS Power's obligations under the More Access to Energy Act to maintain operations during the transition to IESO. The Board's prior decisions (M12386, M12217) identified IRP transition challenges, with NS Power assisting IESO despite its non-participation in those matters.

3.6 Reporting on the Transition from NS Power [78] IESO Nova Scotia stated that it will assume the system operator responsibilities under the More Access to Energy Act in a two-phased transition. In the first phase of the transition, it wi...

AI summary The IESO Nova Scotia outlined a two-phase transition from NS Power, with Phase 1 (system planning, procurement) by Q4 2025 and Phase 2 (real-time dispatch) by Q2 2027. The IESO proposed monthly transition reports for oversight, while the Industrial Group requested expanded reporting on costs, milestones, and collaboration. The IESO argued expanded reporting would increase regulatory burden.

3.6.1 Findings [84] The Board agrees that reporting should occur to update the Board and interested parties on the status of the transition, generally, including the transfer of responsibilities from NS Power to the IESO and various initia...

AI summary The NSEB mandates quarterly reporting by IESO Nova Scotia starting May 15, 2026, to update the Board and stakeholders on the transition from NS Power, including rate recovery mechanisms, financial controls, and system operator function transfers. Reports must address new costs, operational changes, and progress on minimum filing requirements, with Phase 2 grid operations expected by Q2 2027.

IN THE MATTER OF THE MORE ACCESS TO ENERGY ACT - and - IN THE MATTER OF AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the test year ending March 31...

AI summary The Nova Scotia Independent Energy System Operator seeks approval for its proposed expenditure and revenue requirement for the test year ending March 31, 2026. The proceeding is before a panel including Stephen T. McGrath, K.C. (Chair), Roland A. Deveau, K.C. (Vice Chair), and Jennifer L. Nicholson, CPA, CA.

ORDER The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) applied to the Nova Scotia Energy Board on August 5, 2025, under s. 29 of the More Access to Energy Act , for approval of its proposed expenditure and revenue requ...

AI summary The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) sought approval from the Nova Scotia Energy Board under the More Access to Energy Act for its expenditure and revenue requirement for the test year ending March 31, 2026. The Board approved the application on February 25, 2026, after amendments.