Topic:"Regulatory Compliance" in M12663

Nova Scotia Energy Board IN THE MATTER OF the More Access to Energy Act, SNS 2024, c. 2, Sch.

AI summary The Nova Scotia Energy Board is addressing the More Access to Energy Act, SNS 2024, c. 2, Sch. as part of a regulatory proceeding. The document references legislative context but does not include detailed arguments or claims.

15 B. Background and Statutory Mandate - 16 IESO Nova Scotia - IESO Nova Scotia is a not-for-profit corporation established by the Act 4 17 on October 24, 2024. - 18 IESO Nova Scotia was created by the proclamation of the Energy Reform (20...

AI summary IESO Nova Scotia, a not-for-profit corporation established by the Energy Reform (2024) Act (Bill 404) and the More Access to Energy Act, SNS 2024, c. 2, Sch. B, is mandated to implement reforms and carry out specific activities under these legislative frameworks. Certain statutory objects remain unenforceable at the time of the application.

2 - 3 The budget funding necessary for IESO Nova Scotia to carry out its statutory mandate for Phase - 4 I in the fiscal period ending March 31, 2027 is reflected in the following OM&A cost categories - 5 set out in Table 2 below. As noted...

AI summary The document outlines the budget funding required for IESO Nova Scotia to fulfill its statutory mandate for Phase I until March 31, 2027, detailing OM&A costs, which include both Transition and Ongoing expenses, as presented in Table 2.

year are anticipated to - 17 include personnel in the following disciplines: - 18 Legal and Regulatory Compliance - 19 Human Resources Management - 20 Financial Management - 21 Stakeholder Engagement

AI summary The document outlines anticipated personnel disciplines for the year, including Legal and Regulatory Compliance, Human Resources Management, Financial Management, and Stakeholder Engagement, indicating focus areas for administrative staffing.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF the More Access to Energy Act, SNS 2024, c 2, Sch B, (the "Act"); AND IN THE MATTER OF an application by the Nova Scotia Independent Energy System Operator (" IESO Nova Scotia ") for an Order or Or...

AI summary The Nova Scotia Energy Board is addressing the More Access to Energy Act and an urgent interim financial relief application by IESO Nova Scotia. The proceeding involves regulatory considerations under the Act and financial relief requests.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Consumer Advocate (CA) Information Requests

AI summary IESO Nova Scotia is responding to information requests from the Consumer Advocate regarding regulatory proceedings in Nova Scotia. The document outlines the energy system operator's position on matters related to consumer advocacy and energy regulation.

Schedule 1 – Schedule of Deliverables, Rates and Specific Provisions

AI summary Schedule 1 outlines deliverables, rates, and specific provisions for a Nova Scotia regulatory proceeding. It includes references to key entities such as the Consumer Advocate, Independent Energy System Operator (IESO), and Nova Scotia Independent Energy System Operator (NSIESO). The document establishes a framework for regulatory compliance and operational parameters.

1.1 Project Scope This SOW is part of a binding contract, not a sales or marketing document. To support Client's objective to assume full dispatching, balancing authority, and control centre responsibilities in compliance with the More Acc...

AI summary The Statement of Work (SOW) outlines IBM's obligation to provide a Transition Plan and integrated IT/OT/Cybersecurity Roadmap to the Client, enabling them to assume dispatching, balancing authority, and control centre responsibilities under the More Access to Energy Act (2024) , NERC CIP standards, and NPCC requirements, ensuring system reliability and compliance.

Key Conditions - a. Documentation provided by NS-IESO at the commencement of the engagement is complete, accurate, and sufficient to support a comprehensive assessment of options and the development of a detailed roadmap. This documentatio...

AI summary The key conditions outline requirements for NS-IESO's documentation, restriction of market rule changes during Phase 2, IBM's use of a decision framework, and detailed analysis of top options. Documentation must be complete, including NERC compliance and infrastructure details. IBM will assess options based on feasibility and cost, with a focus on Transfer/Staging scenarios.

Deliverables: Current-State Architecture and Data-Flow Documentation Capability Transfer and Responsibility Matrix Regulatory and Compliance Mapping Initial Gap and Risk Assessment Client will: - a. Provide access to relevant documentation...

AI summary The document outlines deliverables including architecture documentation, capability transfer matrices, regulatory mapping, and risk assessments. The client is required to provide access to systems and documentation, and participate in interviews and validation workshops.

4.5 Recommended Strategy and Decision Documentation IBM will document the recommended strategy and decision rationale. This activity is composed of the following tasks: - a. Document the recommended option and rationale; - b. Capture execu...

AI summary IBM is responsible for documenting the recommended strategy and decision rationale, including capturing executive decisions and ensuring alignment with regulatory and operational objectives. The documentation has been completed.

4.6 Transition Planning and Roadmap Development IBM will translate the selected strategy into a detailed, phased transition plan supported by an integrated IT, OT, and cybersecurity roadmap. This activity is composed of the following tasks...

AI summary IBM is developing a multi-year transition plan and integrated IT/OT/cybersecurity roadmap for Nova Scotia's energy system, including tasks like defining control centre architecture aligned with NERC CIP zones, interconnection points, cost models, and procurement artifacts.

Deliverables: Integrated Transition Plan IT/OT/Cybersecurity Roadmap and Future-State Architecture Regulatory Compliance Plan and Certification Schedule Cost and Budget Model Procurement Toolkit, including Draft SOW Templates Updated RAID...

AI summary The deliverables include an Integrated Transition Plan, IT/OT/Cybersecurity Roadmap, Regulatory Compliance Plan, Cost and Budget Model, Procurement Toolkit with SOW templates, and an updated RAID Register. The client is responsible for reviewing transition milestones and providing input on regulatory, financial, and organizational constraints.

c. Legislative & Regulatory Requirements Summary The Legislative & Regulatory Requirements Summary will consist of the following, as applicable: - (1) Mapping of relevant provisions of the More Access to Energy Act (2024) to ISO operationa...

AI summary The Legislative & Regulatory Requirements Summary includes mapping provisions of the More Access to Energy Act (2024) to ISO operational responsibilities, summarizing NERC CIP and NPCC obligations, and identifying transition planning constraints. IBM will deliver this document in Word format as part of the Current-State Assessment.

Stage III – Transition Plan and IT/OT/Cybersecurity Roadmap k. Future-State Architecture Package The Future-State Architecture Package will consist of the following, as applicable: - (1) Control centre, data centre, IT, OT, and cybersecuri...

AI summary The document outlines four key deliverables for Stage III: Future-State Architecture Package, Integrated Transition Plan, IT/OT/Cybersecurity Roadmap, and Regulatory Compliance Plan. Each includes specific components like diagrams, risk mitigation strategies, capex/opex estimates, and compliance mappings. IBM will deliver these to the client in specified formats as part of Transition Planning.

8. Risks Risk Potential Impact Mitigation Approach Knowledge gaps or staff turnover Loss of continuity in roadmap execution Embed multiple staff in each workshop; provide comprehensive documentation and "train the trainer" materials; recom...

AI summary The document outlines potential risks and mitigation strategies for a project involving the Independent Energy System Operator Nova Scotia (IESO) and Nova Scotia Power (NSP). Risks include knowledge gaps, limited data access, cybersecurity complexity, regulatory changes, and resource constraints, with corresponding measures to address these challenges.

ence to, precautions to prevent its employees or agents from providing or offering gifts or hospitality of greater than nominal value to any person acting on behalf of or employed by IESO Nova Scotia; "Intellectual Property" means any inte...

AI summary The text defines key terms for a regulatory or contractual framework, including intellectual property, personal information, proceedings, and records. It emphasizes compliance measures, such as gift restrictions, and references legal protections for data and intellectual property rights.

2.09 Governing Law The Contract, including its execution, shall be governed by and construed in accordance with the laws of the Province of Nova Scotia and the federal laws of Canada applicable therein.

AI summary The Contract, including its execution, is governed by the laws of the Province of Nova Scotia and applicable federal laws of Canada.

4.06 Notification by Supplier of Discrepancies During the Term, the Supplier shall advise IESO Nova Scotia promptly of: (a) any contradictions, discrepancies or errors found or noted in the Contract; (b) supplementary details, instructions...

AI summary The Supplier is required to promptly notify IESO Nova Scotia of discrepancies, errors, or omissions in the Contract that affect Deliverables and compliance with legal requirements, including supplementary details conflicting with the Contract.

4.13 Warranty Disclaimer The warranties expressly stated in this Article 4 supersede all inconsistent provisions of any and all purchase orders, invoices, acknowledgments, or other writings or statements, written or otherwise. Except as pr...

AI summary This section disclaims all warranties except those explicitly stated in Article 4, superseding other documents. The Supplier excludes implied warranties of merchantability and fitness for a particular purpose, with exceptions for misuse, modification, or non-compliance by IESO Nova Scotia. Some jurisdictions may limit warranty exclusions.

8.02 Insurance The Supplier hereby agrees to put in effect and maintain insurance for the Term, at its own cost and expense, with insurers having a secure A.M. Best rating of B + or greater, or the equivalent, all the necessary and appropr...

AI summary The Supplier is required to maintain insurance with a secure A.M. Best rating of B+ or higher, or equivalent, covering all necessary risks as a prudent business entity would. This obligation is part of a contractual agreement during the Term.

Phase 2 – Dispatching and Control (Target: Q2 2027) - - Transfer of real-time system operations, near-term operational planning, balancing authority (BA), and transmission operator (TOP) functions. - - Implementation of independent control...

AI summary Phase 2 focuses on transferring real-time operations, planning, and transmission functions to IESO Nova Scotia by March 2026, with a 2027 go-live. It includes establishing independent control room capabilities, cybersecurity measures, and inter-organizational interfaces compliant with NERC/NPCC standards.

2.1. Overview Our approach is designed to deliver a clear, actionable, and consensus driven roadmap that enables IESO Nova Scotia to assume its Phase 2 responsibilities in full compliance with the More Access to Energy Act (2024) , NERC an...

AI summary The approach outlines a three-stage roadmap for IESO Nova Scotia to fulfill Phase 2 responsibilities, ensuring compliance with the More Access to Energy Act (2024), NERC, NPCC standards, and cybersecurity practices. It leverages a Merger, Acquisition, and Divestiture management methodology, enhanced by ISO-specific strategies, to facilitate the transition.

NERC compliance requirements between IESO NS and NSP and other risk assessment work, mapped to the different roles and processes. - 9

AI summary The text discusses NERC compliance requirements related to the IESO NS and NSP, focusing on risk assessment work and the mapping of requirements to different roles and processes. The page number '9' is noted at the bottom.

As the transition process defines the split responsibilities between IESO NS and NSP, common and shared responsibilities will be considered as well. For shared responsibilities, we envision: - Connection process: IESO remains with operatio...

AI summary The document outlines the transition process and shared responsibilities between IESO NS and NSP, focusing on areas such as connection processes, emergency response, reliability, regulatory reporting, data exchange, cybersecurity, hybrid models, and inter-regional collaboration.

3.1. Stage I - Discovery and Current-State Assessment Deliverable Form / Format Purpose and Decision Support 1. Discovery Kick-off Package Slide deck and meeting summary Establishes shared understanding of objectives, scope, and governance...

AI summary This section outlines the deliverables for Stage I of the Discovery and Current-State Assessment, including kick-off packages, regulatory summaries, as-is assessments, capability transfer matrices, and gap and risk analyses. These deliverables aim to establish understanding, validate compliance, document current states, and identify gaps and risks.

A validated, evidence-based baseline enabling IESO Nova Scotia to understand its starting point, compliance posture, and immediate readiness challenges.

AI summary The text emphasizes the importance of a validated, evidence-based baseline for IESO Nova Scotia to assess its starting point, compliance posture, and readiness challenges.

3.3. Stage III - Transition Plan and IT/OT/Cybersecurity Roadmap Deliverable Form / Format Purpose and Decision Support 10. Future-State Architecture Package Technical diagrams + narrative Depicts the proposed control center architecture,...

AI summary This section outlines the deliverables for Stage III, focusing on the transition plan and IT/OT/cybersecurity roadmap. The deliverables include technical diagrams, detailed plans, reports, and toolkits that support the implementation of the future-state architecture, regulatory compliance, and risk management.

5.Project Management and Resourcing

AI summary The section outlines considerations for project management and resourcing within the regulatory proceeding. Key entities include Nova Scotia Power, the Nova Scotia Independent Energy System Operator, and related organizations, with emphasis on compliance frameworks and stakeholder coordination.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Consumer Advocate (CA) Information Requests

AI summary IESO Nova Scotia is responding to information requests from the Consumer Advocate regarding regulatory proceedings in Nova Scotia. The document outlines the energy system operator's position on matters related to consumer advocacy and energy regulation.

NON-CONFIDENTIAL 1 Request IR - 4 2 Reference: Application, p. 8, lines 10-15 3 Subject to the proclamation of certain provisions of the Act, Phase II involves the transfer of real 4 time dispatch operations. Detailed transition planning i...

AI summary The text outlines a regulatory proceeding related to the implementation of Phase II of the Act, focusing on the transfer of real-time dispatch operations. It requests details on unproclaimed provisions of the Act and IESO NS's progress in assessing technology, regulatory compliance, and space requirements. IESO NS states no formal discussions have occurred regarding the proclamation of these provisions.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Consumer Advocate (CA) Information Requests

AI summary The document outlines Nova Scotia Independent Energy System Operator's (IESO Nova Scotia) responses to information requests from the Consumer Advocate (CA). It provides details on the process and content of these responses, highlighting the exchange of information in the regulatory proceeding.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Doane Grant Thornton LLP (DGT) Information Requests

AI summary This document outlines the responses provided by the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) to information requests made by Doane Grant Thornton LLP (DGT). It contains detailed information related to energy system operations and regulatory compliance.

NON-CONFIDENTIAL 1 Request IR - 6 2 Reference: Exhibit D-1 (page 42, lines 13–16; page 43, lines 1–6) 3 IESO Nova Scotia states that "Ahead of this filing, IESO Nova Scotia has consulted NS Power 4 and can advise that NS Power is agreeable...

AI summary IESO Nova Scotia responds to DGT's request regarding the recovery of the Monthly Assessment via the Fuel Adjustment Mechanism (FAM). The NSEB approved temporary relief, directing costs to a separate deferral account instead of FAM. NS Power agrees to the request under specific conditions.

NON-CONFIDENTIAL Based on the information obtained for each role, each role was then included in a pay band, and for each pay band, the highest salary in that band was applied to the number of roles in that band/level. This approach was ta...

AI summary The 2025/2026 annualized compensation for administrative employees was calculated using the same assumptions as the 2026/2027 calculations, adjusting for a 3% annual increase and a change in the burden rate. IESO Nova Scotia matches NS Power benefits for transitioning employees as per the More Access to Energy Act.

NON-CONFIDENTIAL (a) The "legal and regulatory" cost category includes two subcategories, "regulatory proceedings and assessments" and "legal and compliance". Built into the estimate for both cost subcategories is acknowledgement that the...

AI summary The IESO Nova Scotia outlines its 'legal and regulatory' cost estimates, noting reliance on external counsel due to limited internal legal resources. It references the 2027/2028 Revenue Requirement Application, the Annual Report under the More Access to Energy Act , and cross-references NSEB IR-3 for regulatory activities. The estimate aligns with prior applications.

NON-CONFIDENTIAL 40 by the Board of approximately $200,000 for a full regulatory proceeding, including 41 payments for intervening parties to participate in such proceedings. 42 43 Note, IESO Nova Scotia does not yet have an exact breakdow...

AI summary IESO Nova Scotia explains that a $200,000 budget allocation covers regulatory proceedings, including intervenor payments. Exact 2025/2026 cost breakdowns are unavailable due to submitting the 2026/2027 Revenue Requirement Application before the 2025/2026 hearing process. The NSEB had not assessed expenses because IESO's initial application was unapproved (per the More Access to Energy Act). Legal/compliance subcategory estimates used 2025/2026 actual costs.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Doane Grant Thornton LLP (DGT) Information Requests

AI summary Nova Scotia Independent Energy System Operator (IESO Nova Scotia) has provided responses to information requests from Doane Grant Thornton LLP (DGT). The exchange pertains to regulatory proceedings and involves the submission of relevant data and documentation.

35 This resulted in a range of estimated costs from $467,000 to $797,000. Recognizing the 36 range of uncertainty at this stage, the IESO Nova Scotia used $500,000 (towards the bottom 37 of this range) in its application. 38 (b) The $0.36M...

AI summary The IESO Nova Scotia estimated costs for implementation activities ranging from $467,000 to $797,000, using $500,000 in its application. Additional advisory support of $0.36M is planned for Phase II to ensure readiness and reduce risks during the transition of control room accountability from NS Power to IESO Nova Scotia.

NON-CONFIDENTIAL 1 Request IR – 10 2 Reference: N-1(i) Exhibits A-1 and B-2 in multiple places describe phase transfer and evolving 3 scope with duplication risks while NSPI retains functions. 4 (a) Have the IESO-NS and NSPI prepared a tra...

AI summary The Industrial Group (IG) requests a transition term sheet between IESO-NS and NSPI to address duplication risks during function transfer. IESO-NS responds that while no formal term sheet exists, the More Access to Energy Act provides the statutory framework governing the transition, with a Joint Transition Committee facilitating coordination.

NON-CONFIDENTIAL 21 necessary operational coordination associated with the transition. Where appropriate, 22 IESO Nova Scotia may enter into agreements with NS Power to protect its interests, and 23 those indirect interests of customers. 2...

AI summary IESO Nova Scotia emphasizes the need for operational coordination during the transition, stating it may enter agreements with NS Power to protect interests. It clarifies it cannot comment on NS Power's internal financial decisions, relying instead on governing legislation and structured processes to ensure a clear transition pathway and avoid duplication.

NON-CONFIDENTIAL

AI summary The document is marked as non-confidential and provides context for a regulatory proceeding in Nova Scotia, listing known acronyms related to energy regulation and organizations involved in the process.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to The Industrial Group (IG) Information Requests

AI summary This document outlines the responses provided by the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) to information requests submitted by the Industrial Group (IG). The responses address various inquiries related to energy system operations and regulatory requirements.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to The Industrial Group (IG) Information Requests

AI summary IESO Nova Scotia has responded to information requests from The Industrial Group (IG) regarding regulatory matters. The responses likely pertain to energy system operations, regulatory compliance, or other relevant topics. This proceeding may involve transparency, data sharing, or procedural compliance.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to The Industrial Group (IG) Information Requests

AI summary This document outlines the Nova Scotia Independent Energy System Operator's (IESO Nova Scotia) responses to information requests submitted by The Industrial Group (IG). The exchange highlights procedural and informational aspects related to energy system operations and regulatory compliance.

Project Work Plan and Schedule Date: March 10, 2026 Project Key activities Estimated Completion MAEA Objects NERC & NPCC Compliance Activities -Completion of compliance activities associated with Transmission Planner, Resource Planner, and...

AI summary The document outlines compliance activities related to NERC and NPCC standards, including ongoing tasks for Transmission Planner, Resource Planner, and Planning Coordinator functions. It also mentions the submission of quarterly IESO reports and the due date for the Annual IESO Report as of September 31, 2026.

Version: 1.0 Object Summary 9(a) Operate and manage the grid reliably and efficiently 9(b) Plan for adequacy and reliability of the bulk system 9(c) Procure energy, capacity and ancillary services 9(d) Establish and administer market rules...

AI summary This document outlines the mandate of the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) and its responsibilities, including grid management, market rules, IRP, and stakeholder engagement. It also references responses to information requests by the Nova Scotia Energy Board (NSEB).

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Nova Scotia Energy Board (NSEB) Information Requests 1 Request IR - 5 2 In its application Matter M12412, dated August 5, 2025, IESO Nova Scotia advised that Ph...

AI summary IESO Nova Scotia responded to NSEB information requests regarding the progress of Phase I of the system operator transition from NS Power. Key steps were completed by December 31, 2025, including role transfers, system planning, and governance setup. NERC compliance was completed in February 2026. Delays were due to coordination with NS Power, NERC, and NPCC.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Nova Scotia Energy Board (NSEB) Information Requests

AI summary This document outlines the responses provided by IESO Nova Scotia to information requests from the Nova Scotia Energy Board (NSEB). It reflects the exchange of information between the Independent Electricity System Operator and the regulatory body, focusing on the provision of data and clarifications requested by the NSEB.

NON-CONFIDENTIAL 110 and Variance Account. IESO Nova Scotia is directed to include these specific guidelines 111 and accounting policies, and a description of the financial controls it has adopted, no later than its application for the 202...

AI summary IESO Nova Scotia must include specific accounting guidelines and financial controls in its 2027/2028 revenue requirement application. The Net Revenue Requirement Deferral Mechanism is not expected to defer costs beyond the next fiscal year. The NSEB will review and approve accounting treatments for over/under expenditures. Cross-references to matter M12412 are noted.

1 Request IR - 32 - 2 In Matter M12412, IESO Nova Scotia proposed to defer the approval of a rate recovery mechanism - 3 until its application for the period April 1, 2026, to March 31, 2027 (see NSEB IR-3 in M12412). - 4 Given the need fo...

AI summary IESO Nova Scotia deferred approving a rate recovery mechanism until 2026-2027, raising concerns about financial liabilities and revenue stability. The request seeks clarification on why a permanent fee mechanism was not applied for as previously indicated, emphasizing the need for certainty for ratepayers and IESO's revenue needs.

1 Request IR - 33 - 2 Please identify the additional costs included in the 2026/2027 revenue requirement associated with - 3 IESO Nova Scotia's proposed permanent fee recovery mechanism application later in 2026 that - 4 would not have bee...

AI summary The NSEB is requesting identification of additional costs in the 2026/2027 revenue requirement related to IESO Nova Scotia's proposed permanent fee recovery mechanism application, including regulatory and financing costs that would not have been necessary if the mechanism had been included in the current application.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Port Hawkesbury Paper LP (PHP) Information Requests

AI summary This document outlines the responses provided by the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) to information requests submitted by Port Hawkesbury Paper LP (PHP). It covers various aspects related to energy system operations and regulatory requirements.

NON-CONFIDENTIAL 1 Request IR - 5 2 Reference: Application Page 19, "Table 7: OM&A Costs for the Legal and Regulatory Cost 3 Category" 4 (a) Please confirm that these costs are in addition to the Legal and Regulatory Compliance 5 costs tha...

AI summary The document addresses Information Request IR-5 regarding OM&A costs for legal and regulatory compliance. The response confirms these costs are separate from existing ones in Table 3 and clarifies they are entirely external. IESO Nova Scotia responds to Port Hawkesbury Paper LP's queries about cost categorization.

Nova Scotia Independent Energy System Operator (IESO Nova Scotia) Responses to Port Hawkesbury Paper LP (PHP) Information Requests

AI summary The document outlines Nova Scotia Independent Energy System Operator's (IESO Nova Scotia) responses to information requests from Port Hawkesbury Paper LP (PHP). The responses likely pertain to energy system operations, regulatory compliance, and operational procedures.

Independent System Operator & Market Operations Leadership - Led multi-year modernization initiatives for a Canadian Independent Electric System Operator, transforming core market systems, dispatch platforms and operational environments su...

AI summary Leadership in modernizing a Canadian Independent Electric System Operator's market systems, dispatch platforms, and operational environments supporting 12-13 GW peak load. Initiatives included system reengineering for reliability, scalability, and regulatory compliance, plus a custom dispatching and pool price calculation system.

Scrum Master IBM Canada, Canada Sep 2017 - Mar 2025 Worked as a Scrum Master in a SAFe organization to deliver software development projects and promote the scrum framework. Scrum Master Certification (CSM) obtained in 2017. SAFe Certifica...

AI summary The text details a Scrum Master's experience at IBM Canada (2017-2025), including SAFe implementation, CSM certification, use of Gartner/IBM ABSCO tools, and an IBM Service Excellence Award. No regulatory proceeding content is present.

Profile Atul is IBM L3 Certified Global Executive Enterprise Architect and leads cognizant capabilities which envision holistic business and technology solutions that deliver high impact value to clients worldwide and across all industries...

AI summary Atul is an IBM L3 Certified Global Executive Enterprise Architect with over 35 years of experience in strategic consulting, technology solutions, and Agile Enterprise Architecture. He specializes in digital technologies like AI, IoT, and Cloud, and has led complex projects globally. He currently serves on The Open Group's ITA Certification Board.

AREAS OF EXPERTISE - Voice communications - Data communications - Cybersecurity - Physical security - Compliance CIP, NEI, and 693 - Grid infrastructure communications modernization and enabling new field technologies and operational capab...

AI summary The document outlines expertise in voice and data communications, cybersecurity, physical security, and compliance with CIP, NEI, and 693 standards. It highlights modernization of grid infrastructure using ADMS, EMS, GMS, and DERMS, along with cybersecurity tools like Nessus and Tripwire.

NON-CONFIDENTIAL 1 Request IR - 8 2 Refer to the Application and Exhibit A-1 – Introduction, page 6, Lines 24-25 and page 7, lines 1- 3 2 and confirm if there is anything missing from that bullet and what the time line is for the 4 transfe...

AI summary The document discusses the transfer of responsibility for Phase I compliance with NERC and NPCC reliability standards to IESO Nova Scotia, which occurred on February 15, 2026. The response clarifies that a process was established to ensure compliance and transfer responsibility.

- 4 Figure 1 Summary of findings, observations and conclusions # Report section Findings, observations, and conclusions 7. Request for immediate temporary financial relief Applicable capital cost approval and review requirements. o Based u...

AI summary The report discusses IESO Nova Scotia's request for temporary financial relief, noting the need for approval to ensure continued operations and regulatory compliance. It highlights concerns about the misuse of the FAM for purposes beyond its defined scope and emphasizes the need to establish a clear process for allocating and recovering deferred costs from customers.

- 17 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 General Utility Principles (GUP) with a focus on safety, reliability, efficiency, regulatory compliance, cost-effectiveness, and transparency. These principles guide utility operations and regulatory decision-making in Nova Scotia.

1 4.3 Analysis

AI summary The document section titled '1 4.3 Analysis' is referenced, but no substantive content or analysis is provided in the text. Key entities involve regulatory bodies and energy organizations in Nova Scotia.

5. Transitional costs - Conduct an analysis of transitional costs. Compare the 2026/2027 budget to 2025/2026 budget and 2025/2026 - annualized expenditures, and follow up on significant variances. The examination of the foregoing will incl...

AI summary The analysis focuses on transitional costs, comparing the 2026/2027 budget to prior years, examining annualized expenditures, and addressing PMO support, Phase II subject matter expertise, and compliance preparedness & assurance.

1 5.3.5 Compliance preparedness and assurance

AI summary Section 5.3.5 discusses compliance preparedness and assurance in the context of Nova Scotia's regulatory proceedings, focusing on organizational readiness and measures to ensure adherence to energy sector regulations.

5.4 Conclusion - We have completed our analysis of IESO Nova Scotia's transitional costs and compared the 2026/2027 budget to the - 2025/2026 budget and 2025/2026 annualized results. Our analysis identified notable variances, and we made -...

AI summary The analysis of IESO Nova Scotia's transitional costs shows a 44% increase in 2026/2027B compared to 2025/2026B, driven by a 1129% rise in SME Phase II costs due to external expertise. PMO support and compliance preparedness decreased. Actual 2025/2026 costs were 38% higher than prorated budgets due to increased consulting costs. IESO provided explanations for variances.

7 6.3.2.4 Eligibility criteria, guidelines, and thresholds - 8 While the above clarifies the approval process and timing of the Deferral Mechanism, through DGT-IR-1, we also 9 inquired of any additional eligibility criteria, triggers, and/...

AI summary The document discusses inquiries into eligibility criteria and safeguards for the Deferral Mechanism, noting IESO Nova Scotia's assurance that it will not over-collect revenue based on alignment between approved revenue requirements and fees. It also references the need for specific guidelines, citing the M12412 Order requiring IESO Nova Scotia to develop policies by 2027/2028, which has not yet been completed.

7.4 Conclusion - Based upon our review of IESO Nova Scotia's request for immediate temporary financial relief and the Board's letter published on February 25, 2026, we offer the following comments: - We recognize the need for approval of t...

AI summary The document supports IESO Nova Scotia's request for temporary financial relief to ensure operational continuity and public interest, aligning with GUP reliability principles. It criticizes using FAM for non-fuel costs, violating regulatory compliance, and recommends stringent forecasting processes for deferred costs. The Board's order and matter M12663 are referenced.

1 M12663 2 NOVA SCOTIA ENERGY BOARD 3 IN THE MATTER OF: The More Access to Energy Act 4 -and- 5 IN THE MATTER OF: An Application by the NOVA SCOTIA INDEPENDENT ENERGY 6 SYSTEM OPERATOR for approval of its proposed expenditure 7 and revenue...

AI summary This document is an information request from Doane Grant Thornton LLP to the Industrial Group regarding the 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, 2027, under the More Access to Energy Act.

Response – IR-11 - (a) While the Board directed IESO to develop specific guidelines, accounting policies and financial controls, this decision was not made until February 25, 2026, making it an ongoing process throughout the course of our...

AI summary The response to IR-11 highlights that while the IESO has been directed to develop governance policies, this process is ongoing and has limited time for completion before the report's deadline. The review did not analyze qualitative governance aspects in detail, and lagging governance controls could lead to cost overruns and hinder regulatory transparency.

Policy Context and Organizational Mandate IESO Nova Scotia was established as a not-for-profit under the More Access to Energy Act in October 2024 to take on long-term system planning, new energy resource procurement, and transmission grid...

AI summary IESO Nova Scotia was established under the More Access to Energy Act to manage long-term system planning and energy procurement. The organization faces urgent challenges, including rising demand, renewable energy transition goals, and reliability risks. A recent peak demand event highlighted the need for immediate action, with an RFP for fast-acting generation planned.

Conclusion While this Application focuses on the 2026/2027 fiscal year, it is only one step in the broader development of IESO Nova Scotia's regulatory and financial framework. We anticipate further engagement with the Board and intervenor...

AI summary The Application for the 2026/2027 fiscal year outlines IESO Nova Scotia's regulatory and financial framework, emphasizing system reliability, transition to clean energy, and institutional capabilities. It highlights the importance of customer needs and the need for prudent, transparent decision-making, with a focus on aligning with the More Access to Energy Act .

Under the authority of Nova Scotia's More Access to Energy Act (2024) (hereafter called 'the Act'), the newly established IESO Nova Scotia is charged with assuming key system-operator functions currently held by Nova Scotia Power (NSP). Tr...

AI summary The IESO Nova Scotia is transitioning key system-operator functions from Nova Scotia Power (NSP) in two phases. Phase 1, Transmission Planning & Procurement, is set for Winter 2025/26, and Phase 2, Dispatching & Control, is targeted for Spring 2027. The IESO is seeking proposals for Phase 2 transition planning, including IT/OT/Cyber security roadmaps and implementation plans to ensure system reliability and regulatory compliance.

Scope of Work The objective of this engagement is to create a plan to enable IESO Nova Scotia to successfully take on its real-time power system operations and near-term planning role as envisioned by the More Access to Energy Act (2024) i...

AI summary This document outlines the objective of creating a plan for IESO Nova Scotia to take on real-time power system operations and near-term planning as mandated by the More Access to Energy Act (2024), with a transition from Nova Scotia Power by April 2027.

Expected Deliverables - Transition Plan - Strategy Decisions made - IT, OT and Cybersecurity Roadmap with defined target operating model, process and architecture - Overall roadmap for IESO Nova Scotia to deliver Phase 2 and beyond - Estim...

AI summary The expected deliverables include a transition plan, strategy decisions, IT and cybersecurity roadmaps, cost and timing estimates, regulatory compliance plans, risk summaries, success metrics, and procurement strategies, all to be completed by 31 March 2026.

Understanding of Engagement Provide a concise summary of your understanding of IESO Nova Scotia's mission under the More Access to Energy Act (2024), including the phased transition from Nova Scotia Power (NSP) and the goals of Phase 1 and...

AI summary The document outlines the mission of IESO Nova Scotia under the More Access to Energy Act (2024), focusing on the phased transition from Nova Scotia Power (NSP). It highlights the goals of Phase 1 and Phase 2 and requests a description of how proposed work will support these objectives, ensuring long-term operational independence and reliability, along with a proposed process and timeline.

INTERNAL CONTROLS OVERVIEW APRIL 2026 The approach to internal controls at IESO Nova Scotia is guided by a framework from The Committee of Sponsoring Organizations of the Treadway Commission (COSO). The COSO framework describes an effectiv...

AI summary The internal controls approach at IESO Nova Scotia is guided by the COSO framework, which includes five components: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities.

Control Environment The control environment refers to the set of standards, processes, and structures that provide the basis for carrying out internal control across IESO Nova Scotia. As a new organization, this environment was established...

AI summary The control environment at IESO Nova Scotia is established through a competent Board of Directors, governance policies, and the establishment of an Audit and Risk Committee. The organization prioritizes internal control and risk management, supported by a capable management team.

Preventive controls - Board approved budget requirement. All procurement must be included in the Boardapproved annual budget or supported by an approved budget amendment. This control prevents unauthorized and unfunded spending ensuring al...

AI summary The document outlines preventive controls implemented by the Board to ensure financial accountability and prevent unauthorized spending. These include budget requirements, approval thresholds, purchase orders, segregation of duties, procurement methods, credit card restrictions, and expense report procedures.

Cash & Treasury Procedures Procedures for bank payments to ensure accuracy and safeguard IESO assets. Preventive controls - Dual authorization for bank payments as mandated by Board resolution and system enforced. Prevents a single employe...

AI summary The document outlines procedures for managing cash and treasury operations at IESO, including preventive controls like dual authorization and restricted system access, detective controls such as monthly reconciliations and cash flow monitoring, to ensure accuracy and safeguard assets.

Information and Communication The information and communication component of an effective system of internal control acknowledges that consistent and timely information distribution and communications to relevant stakeholders is required....

AI summary The information and communication component of internal control emphasizes the need for consistent and timely information sharing with stakeholders. IESO Nova Scotia has implemented regular reporting mechanisms to the Board, its committees, regulators, and stakeholders.

Monitoring Activities Monitoring, measuring and reporting on the company's internal controls to determine if it is operating properly is a key part of an effective system of internal control. IESO Nova Scotia has included monitoring activi...

AI summary IESO Nova Scotia emphasizes the importance of monitoring activities as part of its internal control environment. Examples include ongoing management reviews, periodic independent reviews, and annual reassessments of financial risks by the Audit and Risk Committee.

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 Utility and Review 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, 2027, under the More Access to Energy Act. The proceeding is before a panel including Stephen T. McGrath, K.C., Chair, Roland A. Deveau, K.C., Vice Chair, and Jennifer L. Nicholson.

INTERIM ORDER The Nova Scotia Independent Energy System Operator (IESO Nova Scotia) applied to the Nova Scotia Energy Board on January 20, 2026, under s. 29 of the More Access to Energy Act , for approval of its proposed expenditure and re...

AI summary IESO Nova Scotia sought interim financial relief under the More Access to Energy Act to meet liabilities for 2026-2027. The Nova Scotia Energy Board approved part of this request on February 25, 2026, following an application submitted on January 20, 2026.

The Board orders that: - 1. Nova Scotia Power Incorporated will pay monthly fees to IESO Nova Scotia in the amount of $950,000 per month, exclusive of applicable taxes. - 2. The monthly payments are effective February 1, 2026, and will con...

AI summary The Board orders Nova Scotia Power Incorporated to pay IESO Nova Scotia $950,000 monthly starting February 2026 until a permanent fee recovery mechanism is established or March 2027. Payments can be deferred with interest, and the Board may adjust them later, including potential repayment if overpaid.

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, 2027, under the More Access to Energy Act. The proceeding is before a regulatory panel chaired by Stephen T. McGrath, with Roland A. Deveau and Jennifer L. Nicholson as members.

December 30, 2025 Ms. Crystal Henwood Regulatory Affairs Officer/Clerk Nova Scotia Utility and Review Board 1601 Lower Water Street, 3rd Floor P.O. Box 1692, Unit "M" Halifax, NS B3J 3S3 Re: IESO Nova Scotia 2026/2027 Revenue Requirement a...

AI summary IESO Nova Scotia informs the Nova Scotia Energy Board (NSEB) that it will submit its 2026/2027 Revenue Requirement and Fees application by January 31, 2026, citing Section 29(2) of the More Access to Energy Act (MAEA) for the deadline extension. The submission is required annually under Section 29(1) of the MAEA.

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 expenditure and revenue requirement for the test year ending March 31, 2027, under the More Access to Energy Act. The proceeding is before a regulatory panel.

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 test...

AI summary The Nova Scotia Energy Board is considering an application by the Nova Scotia Independent Energy System Operator under the More Access to Energy Act for approval of its proposed expenditure and revenue requirements for the test year ending March 31, 2027.

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. M12663 – Nova Scotia Independent Energy System Operator (IESO Nova Scotia) – 2026/2027 Revenue...

AI summary The Nova Scotia Energy Board is considering an application from the Nova Scotia Independent Energy System Operator (IESO Nova Scotia) regarding its 2026/2027 revenue requirement and fees under the More Access to Energy Act, 1998. The proceeding involves regulatory review of the IESO's financial proposals.

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, 2027.

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

AI summary Port Hawkesbury Paper LP (PHP) seeks intervenor status in a Nova Scotia Energy Board proceeding, citing its significant power purchases under the ELIADC Tariff. PHP represents its interest in the matter and provides contact details for its legal counsel.

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 (NSIESO) seeks regulatory approval for its proposed expenditure and revenue requirements for the test year ending March 31, 2027, under the More Access to Energy Act. The proceeding addresses financial planning and regulatory oversight of energy system operations in Nova Scotia.

David S. MacDougall Direct +1 (902) 444 8561 [email protected] 1969 Upper Water Street Suite 1300 McInnes Cooper Tower - Purdy's Wharf Halifax NS Canada B3J 2V1 Tel +1 (902) 425 6500 Fax +1 (902) 425 6350 Our File: 179164...

AI summary IESO Nova Scotia seeks temporary financial relief to meet liabilities, citing lack of lender support and reliance on a $10M provincial letter of credit. The request includes monthly payments from NS Power, continuation until a permanent fee mechanism is approved, and FAM recovery. PHP raises three considerations for the Board's evaluation.

Summary The SBA respectfully submits that there is a lack of detailed explanation regarding several aspects of this request for Financial Relief, including whether the Application is allowed under the Act, and submits that the Board should...

AI summary The SBA argues that the Financial Relief request by IESO Nova Scotia lacks sufficient detail, including whether it complies with the Act, and urges the Board to reject the application. The submission references multiple exhibits from matter M12663.

an> 3 Electricity Plan Implementation (2015) Act , SNS 2015, c 31, s.14. 4 Nova Scotia Power Incorporated (Re), 2019 NSUARB 165, at paras 6, 83-129. 5 Public Utilities Act, RSNS 1989, c. 380, as amended, s. 64C. approved revenue requiremen...

AI summary The FAM is restricted to fuel-related costs and cannot serve as a financing tool for non-fuel bridge expenses. The IESO-NS proposal to use FAM for liquidity purposes contradicts its statutory purpose and risks misallocation of funds. Legal references to the Electricity Plan Implementation Act and Public Utilities Act support this stance, emphasizing compliance with governance frameworks.

(2) Ratepayers Bear all the Risks under this Proposal The proposal shifts four distinct risks to NSPI customers: - 1. Approval risk. The IESO-NS's 2025/26 revenue requirement remains under review, and the 2026/27 revenue requirement may fu...

AI summary The proposal shifts four risks to NSPI customers: approval risk due to uncertain revenue requirements, forecasting risk from unquantified Phase II costs, timing risks from FAM deficits and carrying costs, and loss of prudence review for monthly assessments. Intervenors and consultants highlight deficiencies in evidence and potential ratepayer burden.

5 Request IR-14: - 6 Reference: IESO-NS Public Notice, Feb 02, 2026 – [IESO Nova Scotia takes next step to](https://ieso-ns.ca/wp-content/uploads/2026/02/IESO-Nova-Scotia_100-MW-Term-Sheet-NB-Power_February-2-2026_FINAL.pdf) 7 [secure impo...

AI summary Request IR-14 seeks clarification on costs related to a 100 MW capacity agreement with NB Power, whether the costs are included in the Revenue Requirement, if Board approval is required, and how costs will be allocated. The IESO-NS is involved, with reference to a 2026 public notice and potential approval by the NBEUB.

- 2 Reference: N-1(i), Exhibit B-3, pdf p.34-35 Budgets Compliance Preparedness & - 3 Assurance that $0.34 million and references NERC readiness efforts. - 4 (a) Please provide particulars of the work and deliverables for NERC 5 compliance...

AI summary The text references compliance efforts related to NERC readiness and asks for details on the work and deliverables of a NERC 5 compliance consultant and Phase II readiness assurance, as well as any overlap with NSPI's ongoing reliability compliance activities.

retroactive payments? Reference: N-1, Notice of Application, pdf p.3-4 requests approval of NS Power’s recording, deferral and recovery of associated costs through its Fuel Adjustment Mechanism. 1. Please explain IESO-NS’s understanding of...

AI summary The text outlines a series of questions regarding the Fuel Adjustment Mechanism (FAM) and its application, including customer class allocation, potential class allocation issues, and the use of FAM versus a separate rider. It also requests information on the More Access to Energy Act and related Transfer Orders.

the date of publication and effective date. 9. Please specifically list all stated objects and activities under the More Access to Energy Act, which are not yet in force and the expected timeline. Reference: N-1(i) Exhibit A-1, pdf p. 3-4,...

AI summary The text requests clarification on the More Access to Energy Act and its implementation timeline, as well as documentation for financial forecasts, insurance products, and transition planning between IESO-NS and NSPI. It also raises concerns about deficiencies in the revenue requirement application and duplication risks during the transition.

April 1, 2026; (ii) at a reduced amount (e.g., $700,000/month). 3. If the Board were to approve a retroactive Monthly Assessment, explain how any retroactive amount would be treated in the DVM . Reference: N-1(i), Exhibit D-1, pdf pages 42...

AI summary The document outlines questions regarding the treatment of retroactive Monthly Assessments in the DVM, the application of a permanent fee and cost recovery mechanism under the More Access to Energy Act, and the reconciliation process for excess payments by NSPI, including timing and carrying costs for over- or under-collection.

NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The More Access to Energy Act, SNS 2024, c. 2, S ch. B, (the “Act”) and

AI summary This document pertains to a regulatory proceeding under the More Access to Energy Act, SNS 2024, c. 2 , specifically Schedule B. The proceeding involves regulatory matters related to energy access and policy implementation.

Request IR-6: - Reference: Exhibit D‑1 (page 42, lines 13–16; page 43, lines 1–6) - IESO Nova Scotia states that "Ahead of this filing, IESO Nova Scotia has consulted NS Power - and can advise that NS Power is agreeable to the above reques...

AI summary IESO Nova Scotia seeks approval for NS Power to recover the Monthly Assessment through the Fuel Adjustment Mechanism (FAM), with NS Power agreeing provided the FAM can defer and recover the cost. The request asks for justification of FAM's appropriateness, alternatives considered, and impacts on customers.

Request IR-10: - Reference: Exhibit B-2 (page 14, lines 11-16, Employees administration) - IESO Nova Scotia states that " The 2026/2027 fiscal year assumes 23 administration employees - actively employed for the entire fiscal year- from Ap...

AI summary Request IR-10 seeks details on IESO Nova Scotia's budgeting for administration employees, including methodology, compensation increases, and staffing levels. The 2026/2027 budget includes additional IT and compliance roles to meet cybersecurity and regulatory standards.

Request IR-22: - Reference: Exhibit B-3 (page 35, lines 11-14, Compliance preparedness and assurance) - IESO Nova Scotia states that "The differences between the annualized expenditures under the - 2025/2026 test year and the proposed 2026...

AI summary IESO Nova Scotia explains that the 23% decrease in the 2026/2027 'compliance preparedness and assurance' budget compared to the 2025/2026 test year is due to lower consultancy fees related to Phase II planning transitions, NERC compliance, and employee adjustments. The request seeks further clarification on this reduction.

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 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, 2027.

Request IR-5: - In its application Matter M12412, dated August 5, 2025, IESO Nova Scotia advised that Phase I - of the transition of the system operator functions from NS Power was expected to occur in Q4 - 2025. On page 4 of the present a...

AI summary IESO Nova Scotia reported delays in Phase I of transitioning system operator functions from NS Power, as outlined in Matter M12412. The request seeks details on completed steps by December 31, 2025, remaining steps, and reasons for delays in achieving Phase I objectives.

Request IR-22: - Regarding Table 16 on page 32 of the application, please provide a version adding a column for - actual 2025/2026 to date and the 2025/2026 annualized amount based on the 2025/2026 budget - and not adjusted based on "the m...

AI summary Request IR-22 seeks modifications to Table 16 on page 32 of the application, requiring the addition of columns for actual 2025/2026 data and annualized amounts based on the 2025/2026 budget, without adjustments tied to recent employee and salary assumptions by the end of 2025/2026.

M12663 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...

AI summary The Nova Scotia Energy Board has issued information requests to David A. Luther, General Counsel & Corporate Secretary of IESO Nova Scotia, regarding discrepancies in dates and financial forecasts in the IESO's application for expenditure and revenue requirement approval under the More Access to Energy Act.

lain how payments made on April 1, 2026 are effective January 1, 2026 or February 1, 2026”. On page 4 of its application, IESO Nova Scotia refers to its mandate under the More Access to Energy Act . 1. Please provide a detailed workplan of...

AI summary The document outlines a series of questions directed at IESO Nova Scotia regarding its workplan, activities under the More Access to Energy Act , and the progress of the Integrated Resource Plan (IRP). It also requests information on staffing and organizational structure, and notes that Phase I of the transition from NS Power has not been completed.

13 Request IR-4: 14 15 Reference: Application, p. 8, lines 10-15 16 Subject to the proclamation of certain provisions of the Act, Phase II involves the transfer 17 of real-time dispatch operations. Detailed transition planning is commencin...

AI summary Request IR-4 seeks information on unproclaimed provisions of the Act related to Phase II real-time dispatch operations transfer and IESO NS's progress assessing technology, regulatory compliance, and space requirements. The transition is targeted for Q2 2027, contingent on detailed planning completion.

M12663 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 t...

AI summary The Nova Scotia Independent Energy System Operator (IESO) is seeking approval for its expenditure and revenue requirement for the test year ending March 31, 2027. Phase II of the transition involves real-time dispatch operations, requiring additional planning and a third-party consultant to define implementation details, with an aspirational timeline of Q2 2027.

e continues to grow. 1. What “information and assumptions” has IESO NS updated? Please provide details regarding any changes/updates. Request IR-3: Reference: Application, p. 5, lines 14-19 IESO Nova Scotia notes that actual expenditures f...

AI summary IESO Nova Scotia has noted that actual expenditures for fiscal year 2025/2026 are materially tracking against its proposed Revenue Requirement, with no further amendments to assumptions or costs. The organization is also preparing for Phase II of real-time dispatch operations, which is subject to the proclamation of certain Act provisions and depends on factors like technology requirements and regulatory compliance.

Request IR-6: Refer to the Application and Exhibit C-1 – Net Revenue Requirement Deferral and Variance Mechanism, starting on page 37: - a) IESO NS is proposing that the Net OM&A Deferral and Variance Account, as described in its 2025/2026...

AI summary IESO-NS proposes a permanent Net Revenue Requirement Deferral and Variance Mechanism. The Board requests details on annual true-up processes, variance policies, consequences of imprudence, and audit procedures for the mechanism. The inquiry focuses on regulatory oversight and accountability measures for the proposed account.

IESO NOVA SCOTIA'S FINANCIAL POSITION The IG and CA assert that the need for IESO Nova Scotia's temporary financial relief request is unsubstantiated. The CA provides, in part, the following: …the Consumer Advocate submits that the informa...

AI summary The IG and CA oppose IESO Nova Scotia's request for temporary financial relief due to insufficient evidence. They argue that IESO NS hasn't justified its inability to meet liabilities or the calculation of the $950,000 monthly assessment. IESO NS acknowledges a $10 million line of credit but claims it won't cover liabilities until May 2026.

February 25, 2026 [[email protected]](mailto:[email protected]) [[email protected]](mailto:[email protected]) [[email protected]](mailto:[email protected]) Johnny Johnston, President/CEO David A. L...

AI summary IESO Nova Scotia submitted its 2026/2027 revenue requirement application late and omitted a fee recovery mechanism, despite prior commitments. The application was filed on January 20, 2026, with plans to submit the fee recovery mechanism in Q2 2026. The Nova Scotia Energy Board is reviewing the incomplete submission under the More Access to Energy Act.

• Personal Compensation Information o Good human resource practices and privacy legislation require the IESO to protect certain confidential personnel information and documentation from disclosure. Information relating to salaries, either...

AI summary The IESO is required to protect confidential personnel information, including salary details, due to privacy legislation and good human resource practices.

has made best efforts to strengthen the evidence provided to the Board and intervenors through the information request process, including supplemental responses provided at the request of intervenors. IESO Nova Scotia notes that it is acti...

AI summary IESO Nova Scotia outlines efforts to comply with the Board's direction in M12412, including stakeholder engagement, accounting policy development, and a permanent fee mechanism. Initiatives include quarterly reporting, Integrated Resource Plan collaboration, and grid operations transition from Nova Scotia Power. These actions aim to address concerns raised by the SBA and ensure regulatory compliance.

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, 2027, under the More Access to Energy Act. The proceeding is before a panel of officials including Stephen T. McGrath, K.C., Chair, and Jennifer L. Nicholson, CPA, CA.

27 1 (iii) quantitative testing of underlying assumptions. 13 14 (a) Please explain whether DGT evaluated whether functions performed by consultants could be internalized at lower long-term cost. 15 16 (b) Please clarify whether DGT assess...

AI summary The document contains regulatory requests aimed at clarifying DGT's evaluation of internalization of consultant functions, overlap risk between internal and external advisors, and governance costs. It also asks for an explanation of the absence of finalized guidelines for the Deferral Mechanism and its alignment with regulatory principles.

Third Party Proprietary Information • This is information belonging to third parties for which those third parties have asserted confidentiality over proprietary cost and technical information. IESO Nova Scotia is, in many cases, contractu...

AI summary The document discusses third-party proprietary information held by IESO Nova Scotia, emphasizing the confidentiality obligations and potential competitive harm from disclosure. This information includes cost and technical data from third parties, which IESO Nova Scotia is contractually bound to protect.

1 M12663 2 3 NOVA SCOTIA ENERGY BOARD 4 5 6 IN THE MATTER OF: 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 expenditure and...

AI summary The document outlines the closing submissions of the Consumer Advocate in the proceeding related to the More Access to Energy Act and the 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, 2027.

4 Jurisdiction of Board - 6 30 (1) A Board has exclusive jurisdiction in all cases and in respect of all matters 7 in which jurisdiction is conferred on the Board. - 9 (2) The Boards, as to all matters within their jurisdiction pursuant to...

AI summary This section outlines the jurisdiction of the Board under the Energy and Regulatory Boards Act. It emphasizes that the Board is an administrative body with powers conferred by statute, and its decisions can be appealed or subject to judicial review. The Board must operate within its statutory authority and cannot act beyond what is explicitly or implicitly permitted by law.

43 [27] The NSUARB summarized the application of these principles in Re Nova 44 Scotia Power Incorporated [2018 NSUARB 45]: 1 [47] The UARB is a creature of statute and can only obtain 2 jurisdiction from two sources: one, express grant of...

AI summary The NSUARB discusses its jurisdiction based on statutory grants and common law, referencing the ATCO Gas case and the Energy and Regulatory Boards Act. It highlights the ratemaking function for utilities, particularly in the context of natural monopolies, and refers to a 2005 decision regarding NSPI's monopoly status and cost-of-service basis.

17 ii. Employee Compensation 18 19 As noted above, the CA requested further information from IESO NS regarding its reliance upon 20 external consultants when establishing compensation for non-CEO roles. Although detailed 21 information was...

AI summary The CA requested information from IESO NS regarding the use of external consultants in setting employee compensation. IESO NS confirmed reliance on Timbar Consulting and HUB International Ltd., with HUB's work involving direct guidance rather than a written report. The CA requested the work product of these consultants, which IESO NS committed to providing.

izes the Board has the statutory authority to determine 4 its own remuneration, but the reasonableness of these rates is difficult to ascertain based on the 5 information IESO has provided to date. 6 7 In response to an undertaking request...

AI summary The Commissioner of the Environment and Sustainable Resource Development (CA) questions the reasonableness of the Board's remuneration, noting insufficient evidence provided by the IESO NS. A confidential report by Hugessen Consulting was filed, but its details remain unclear.

7. ANNUAL REPORTING IMPROVEMENTS IESO-NS's mandate under the MAEA is grounded in a commitment to transparency. A key feature of that transparency is the statutory requirement for annual reporting. During cross-examination, the IESO-NS was...

AI summary The IESO-NS is required by the MAEA to provide annual reports, but has not yet determined the format or content. The Industrial Group suggests adopting the Ontario IESO's 2025 Annual Report as a model for transparency and performance reporting.

10. direct IESO-NS to file with its compliance filing confirmation as to how the 14% HST exposure will be managed, including how any input tax credit benefit will be flowed through; - 11. direct IESO-NS to file and obtain Board approval of...

AI summary The document outlines several directives for IESO-NS, including managing HST exposure, filing a procurement policy, reporting on the Flexibility Clause, preventing duplicate costs, and preparing an annual report. These actions are part of regulatory oversight to ensure compliance and transparency in energy operations.

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

AI summary This document pertains to the Nova Scotia Energy Board and the More Access to Energy Act , SNS 2024, c 2, Sch B, also known as the MAEA. It introduces the regulatory context and legal framework under which the proceeding is taking place.

ently transferred staff - 237 from NSPI, and hired administration staff to carry out its various MAEA-mandated functions. - 238 IESO Nova Scotia's May 15, 2026 quarterly report provided the following: 239 Being a brand-new organization, it...

AI summary The document discusses the formation and early operations of IESO Nova Scotia, highlighting its mandate under the More Access to Energy Act (MAEA), initial hiring efforts, and foundational tasks such as securing office space, establishing policies, and transitioning functions from NS Power.

14 M12633 Transcript, June 25, 2026, pages 120 - 122. 297 Undertaking U-7. 298 299 The not-for-profit nature of IESO Nova Scotia is a significant factor that must be taken into 300 account. If IESO Nova Scotia does not have the funding to...

AI summary The not-for-profit status of IESO Nova Scotia is highlighted as a critical factor in its ability to fulfill its mandate. Without adequate funding, it would be unable to perform essential functions such as energy system planning, resource procurement, and ensuring electricity supply reliability. Mr. Johnston emphasized the importance of accurate forecasting in the context of the Board's expectations.

19 More Access to Energy Act, 2025, c. 18, Sch., s. 44; 2026, c. 5, s. 6, Section 30(1). 20 M12633 Transcript, June 25, 2026, pages 383 - 226. ongoing administration cost, which would appear to be included in section 30 in the way that rea...

AI summary The discussion revolves around the interpretation of Section 30 of the More Access to Energy Act (MAEA) regarding the recovery of costs. The IESO argues that Section 30 applies only to ongoing operational costs after a contract is executed, not to one-time procurement costs, which are recoverable under Section 29 of the MAEA.

33 M12633 Transcript, June 25, 2026, pages 483 - 484. 682 stakeholders regarding IESO Nova Scotia's full expected expenditures, inclusive of both OM&A 725 establishing instead procedures similar to the one directed by the NSEB under M12412...

AI summary The text discusses the differences between IESO Nova Scotia's Net OM&A Deferral and Variance Account and the revised DVM compared to IESO Ontario's FVDA. It highlights that IESO Nova Scotia's approach returns all over-recovered revenue annually, while IESO Ontario's FVDA has a hard cap of $15,000,000. This difference could impact IESO Nova Scotia's ability to fulfill its mandate under the MAEA.

1080 1048 1061 1062 1063 1064 1065 1066 1067 1068 1069 conduct independent planning for energy resources, demand-side management and • transmission (subsection 9(q)) forecast electricity demand and the adequacy and reliability of electrici...

AI summary The document outlines the responsibilities of IESO Nova Scotia, including energy resource planning, demand-side management, transmission planning, electricity demand forecasting, and ensuring the adequacy and reliability of the bulk electricity system. It also mentions the establishment of criteria for system reliability and grid operations.

DATE FILED: July 24, 2026 Page 44 of 50 1225 …the Board's discretion is to be exercised within the confines of the statutory 1226 regime and principles generally applicable to regulatory matters, for which the 1227 legislature is assumed t...

AI summary The text discusses the scope of the Board's jurisdiction, emphasizing that it must be exercised within statutory limits. It references legal principles and precedents, including the OEB's decision in Re Consumers' Gas Co., and outlines conditions under which implied jurisdiction may be applied. IESO Nova Scotia argues that the Board lacks implied jurisdiction to disallow costs.

53 (ATCO, 2006, supra, at para. 73) 1259 "practically necessary to accomplish the objectives" of the MAEA and "essential to the Board 1260 fulfilling its mandate" under the legislation. IESO Nova Scotia submits that the Board's mandate 126...

AI summary IESO Nova Scotia argues that the Board's mandate under the MAEA does not include the power to disallow costs, emphasizing that the express powers granted in section 29 are sufficient and that the legislature did not intend to implicitly confer such jurisdiction. The submission highlights the regulatory framework provided by the MAEA and its alignment with the principles from Re Consumers' Gas.

1307 For the reasons set out in this Closing Submission, IESO Nova Scotia respectfully submits that the 1308 evidentiary record supports approval of its 2026/27 Revenue Requirement Application in its 1309 entirety. No intervenor evidence h...

AI summary IESO Nova Scotia submits that its 2026/27 Revenue Requirement Application is supported by the evidentiary record and that no intervenor evidence challenges the prudence or reasonableness of the proposed expenditures. The proposed revenue requirement is deemed necessary to fulfill its statutory mandate under the More Access to Energy Act, and the DVM is presented as a reasonable evolution of the OM&A Deferral and Variance Account.

1 BEFORE THE NOVA SCOTIA ENERGY BOARD 2 3 4 5 6 7 IN THE MATTER OF: The More Access to Energy Aci, 1998, SNS 2024, c 2, Sch B, (the "Act") - and 8 9 10 11 12 INTHEMATTEROF: an application by the Nova Scotia Independent Energy System Operat...

AI summary The Small Business Advocate (SBA) provides closing submissions regarding the Nova Scotia Independent Energy System Operator's (IESO-NS) revenue requirement application for the 2026/2027 fiscal year. The SBA highlights that despite extensive information provided and analysis conducted, serious questions remain and recommends further consideration by the Nova Scotia Energy Board.

ity that lacks a shareholder to absorb such disallowances. Indeed, the submissions of the CA do 30 Please refer to footnotes 50 and 51 of IESO Nova Scotia's Closing Submission, M12633, July 24, 2026. 1 not address these implications, and m...

AI summary The IESO Nova Scotia agrees with the CA's position on the Board's jurisdiction to approve portions of the revenue requirements but disagrees on the process for addressing unapproved portions. The IESO emphasizes its obligation to respond to recommendations and align with its statutory mandate.

16 Procurement Guidelines and Flexibility Clause : - 17 Intervenor closing submissions include comments regarding IESO Nova Scotia's procurement - 18 guideline and the flexibility clause. The SBA provided the following: - 19 The SBA acknow...

AI summary The SBA comments on IESO-NS's procurement guidelines and flexibility clause, expressing concern that the clause allows purchases up to $100,000 to bypass the guidelines, potentially undermining the transparency and accountability of procurement decisions.

DATE FILED: AUGUST 7, 2026 Page 42 of 48 79 NSEB Decision (M12588), June 26, 2026, p.34. 1 that functions once belonging to NSPI are no longer with NSPI, with corresponding operational 2 staff having transferred to IESO Nova Scotia in Dece...

AI summary IESO Nova Scotia argues that certain recommendations from the IG are not applicable due to the transfer of functions from NSPI to IESO Nova Scotia. They also state that implementing a cost duplication prevention framework would be inefficient and create new costs. A Joint Transition Committee continues to coordinate the transfer of responsibilities.

T HE S TATUTORY T EXT A ND T HE C OMPETING P OSITIONS Subsection 29(4) of the MAEA provides: The Energy Board may approve the proposed expenditure and revenue requirements and the proposed fees or may refer them back to the IESO for furthe...

AI summary The text discusses the interpretation of Subsection 29(4) of the More Access to Energy Act (MAEA), focusing on the Energy Board's authority to approve or refer back revenue requirements. IESO-NS argues the Board can only approve or refer back as a whole or by category, while the CA and IG argue the Board has broader discretion to adjust revenue requirements as needed, consistent with its general regulatory powers under the ERBA.

3. The Board's general powers under the ERBA inform and enhance the reading of s. 29 Section 29 should not be read in isolation. The CA correctly points to ss. 5 and 6 of the ERBA as necessary context. Section 5 gives the Board the functio...

AI summary Section 29 of the MAEA is interpreted in conjunction with the ERBA, emphasizing the Board's general powers under the ERBA to approve revenue requirements. The Board's rate-approval function under the ERBA informs the review of IESO-NS's proposed revenue requirements, and the ATCO 2006 case supports reading related statutes harmoniously as a regulatory system.

2. A category-level referral creates uncertainty rather than ratepayer protection Subsection 29(3) does not solve the problem of a revenue gap. Instead, it preserves the prior year's fees while a forward-looking application remains unappro...

AI summary Subsection 29(3) fails to resolve revenue gaps and creates uncertainty by maintaining prior-year fees without a mechanism for current-year adjustments. This can lead to unresolved disputes, ongoing delays, and potential over-spending by the IESO-NS without ratepayer protection. The Board should approve sound application parts and set disputed categories based on evidence to ensure fair outcomes.

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 handling a proceeding related to the More Access to Energy Act and 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, 2027.

LIST OF UNDERTAKINGS NO. PAGE NO. 14 approved by the Board due to sorry; by the Board to 15 "Avoid making the bad situation created by IESO Nova 16 Scotia even worse." 17 [9:10:09] Notably, the Board was also critical 18 of the fact that I...

AI summary The document outlines undertakings related to a regulatory proceeding, highlighting the Board's criticism of IESO Nova Scotia's incomplete application and the Consumer Advocate's concerns regarding cost reasonableness and the transition of functions from Nova Scotia Power to IESO Nova Scotia. It also mentions the Small Business Advocate's opening statement.

BY MR. MURPHY: 1 Q. And you're welcome to read to 2 that. I can paraphrase as well. IESO effectively says 3 that the timeline is aspirational because work "to 4 understand the feasibility and reasonableness of this 5 date" remain to be und...

AI summary Mr. Murphy is asking for an update on the timeline for the IESO's transition, noting that the original timeline was aspirational. The response indicates that work is ongoing, with completion expected by mid-2026/2027. The IESO explains that the transition involved significant planning and collaboration with IBM and Nova Scotia Power, and highlights the complexity of real-time operations.

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 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, 2027, under the More Access to Energy Act.

IESO NOVA SCOTIA PANEL 321 Cr-ex, (Rudderham) 1 (Johnston) I think I'm struggling A. 2 to understand the question or the point that you're 3 making. Clearly the IESO will follow the direction of the 4 Board from for our 2025/'26 Applicatio...

AI summary The text discusses the IESO's adherence to the Board's direction in its 2025/'26 and '26/'27 applications, as well as the reporting of cost category variances. It also touches on the current planning phase of IESO NS's Phase II transition.

IESO NOVA SCOTIA PANEL 351 Cr-ex, (Rudderham) 1 I can give you a moment to read Q. 5 was shared publicly to ensure we could receive feedback 6 from participants. It was invited from both the 7 regulatory stakeholders and other participants...

AI summary The discussion revolves around the procurement process for fast-acting generation resources by IESO Nova Scotia, focusing on whether there is an internal policy or procedure in place beyond the RFP. It is stated that there is no separate internal policy, and the process is aligned with the More Access to Energy Act.

IESO NOVA SCOTIA PANEL 383 Cr-ex, (Rudderham) 1 either from the prior fiscal year or the current fiscal 2 year are those being added to the deferral account? 3 A. (Milligan) Not at this time. 4 Q. And they're not anticipated to be 5 added...

AI summary The discussion revolves around the classification of procurement costs under section 29 of the More Access to Energy Act, with the IESO Nova Scotia asserting that these costs are consistent with section 29. The session is paused for a midmorning break.

IESO NOVA SCOTIA PANEL 385 Cr-ex, (Rudderham) 1 THE CHAIR: So when you're ready again 2 there, Ms. Rudderham. 3 MS. RUDDERHAM: Thank you. 4 CROSS-EXAMINATION BY MS. RUDDERHAM, (cont'd) 5 Q. So I wanted to ask a few 6 questions about the co...

AI summary The discussion focuses on cost recovery mechanisms under the More Access to Energy Act, specifically sections 29 and 30, with an emphasis on recovering procurement costs directly from proponents and reimbursing operating expenses from the RFP process.

IESO NOVA SCOTIA PANEL 435 Cr-ex, (Rudderham) 1 passed on their cost the customers, would still be having 8 we'd have two days here at oral hearings that were part of 9 that bottoms-up build but, of course, there's costs 10 associated with...

AI summary The text discusses the inclusion of regulatory costs in the budget, specifically mentioning the annual report required under the Act. It highlights the need to track costs associated with hearings and report on variances at the end of the year.

IESO NOVA SCOTIA PANEL 441 Cr-ex, (Rudderham) 1 Q. You've alluded to changes not of 13 patient. 14 THE CHAIR: Thank you, Ms. Rudderham. 15 I think, if memory serves, Mr. 16 MacDuff, you don't didn't have any questions? 17 MR. MacDUFF: That...

AI summary The proceeding involves a cross-examination where Mr. Kayter questions Mr. Johnston and Mr. Milligan regarding the application under section 29 of the More Access to Energy Act, confirming that no cost recovery is sought under section 30.

IESO NOVA SCOTIA PANEL 467 Cr-ex, (Kayter) 1 I don't think it raises a particular 19 could be, what's your understanding of what section 29 of INTERNATIONAL REPORTING INC. CERTIFIED COURT REPORTERS 1 the More Access to Energy Act provides...

AI summary The discussion centers on the More Access to Energy Act and the Nova Scotia Energy Board's authority under section 29 to approve or refer back a revenue requirement application. The applicant emphasizes the Act's focus on system reliability and cost-effectiveness for customers.

IESO NOVA SCOTIA PANEL 477 Cr-ex, (Mahody) 1 The Board makes directions regarding 2 all future revenue requirement applications are to include 3 certain things. And I again appreciate that at the time 4 this was given, this application had...

AI summary The Board has directed the IESO to include specific standardized filings in future revenue requirement applications. The IESO confirms its intention to comply with these requirements and is working on regulatory compliance, including drafting deferral and variance mechanism guidelines and finalizing accounting policies under audit by BDO.

IESO NOVA SCOTIA PANEL 503 Questions, (Chair) 1 that would be impactful and that are outside of the 12 budget, assuming that that's approved by the Board, to 13 then live within the means of that. 14 And, you know, whilst we've talked 15 a...

AI summary The CEO emphasizes the importance of accountability and prudent financial management, highlighting internal controls and budgeting processes to ensure spending aligns with the More Access to Energy Act. The CEO also stresses that the organization is committed to operating within approved budgets and being held accountable by both the board of directors and the regulatory body.