2.0 DIRECTIVE FROM THE 2024 REPORT On March 27, 2025, the Company filed the 2024 Report. In its July 9, 2025 letter, the Board issued the following directive: In IR-3, the Board requested that NS Power identify the factors contributing to the decline in excess generation compensation in 2024 and provide the underlying data supporting this analysis. NS Power could not provide the requested data, citing ongoing IT resource commitments to address a cybersecurity incident. The Board directs NS Power to provide a fulsome response to IR-3 in its 2025 Net Metering Report.[4](#page-5-1) In response to NSEB IR-3 part (a), Appendix B contains the source data for payouts for the reporting years 2011-2019 and 2025. As a result of the cyber incident, NS Power was unable to recover the source data for the payout tables for 2020-2024. In response to NSEB IR-3 part (b), Appendix C provides the Board with the payout amounts to all customers expressed on a $/kWh basis relative to estimated annual generation for all active customers between 2015 and 2024. The Company has also included, as Appendix D , a Legacy Net Metering payout analysis report that examines the change in excess banked energy payouts between 2023 and 2024, along with the key drivers behind that change.
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2.0 DIRECTIVE FROM THE 2024 REPORT On March 27, 2025, the Company filed the 2024 Report. In its July 9, 2025 letter, the Board issued the following directive: In IR-3, the Board requested that NS Power identify the factors contributing to...
AI summary The Nova Scotia Energy Board (NSEB) directed NS Power to address data gaps in its 2024 Report regarding excess generation compensation, citing a cybersecurity incident preventing data recovery for 2020-2024. NS Power provided partial data in the 2025 Net Metering Report, with appendices covering payout analysis and legacy net metering changes.