Topic/Matter Intersection

Topic:"Renewable Electricity Regulations" in M12451

Matter: Nova Scotia Power Inc. - 2026 General Rate Application (GRA)
48 passages 20 documents

Renewable Electricity Regulations across all matters →

N-3Direct Evidence - General Rate Application 2 passages
Preamble p. p. 28
- 3 purchased power. NS Power has worked with the Provincial Government to find a way to reduce - 4 cost pressures for customers while still ultimately achieving the required emissions compliance. - 5 With respect to sulphur dioxide, the P...

AI summary NS Power has received a certificate of variance under the Environment Act, allowing flexibility in sulphur dioxide emissions limits to align with renewable energy integration. This results in a net-neutral environmental impact and a reduction in NS Power's revenue requirement by approximately $160 million over two years.

Additions to Plant p. p. 40
Additions to Plant - In 2026, depreciation and accretion expense is forecast to increase by $2.5 million over the 2024 - GRA Compliance Filing. In 2027, depreciation and accretion expense is forecast to increase by - $18.4 million from the...

AI summary The document discusses NS Power's capital expenditures and depreciation forecasts for 2026 and 2027, highlighting increases due to updated depreciation rates and capital additions. These investments aim to improve reliability, ensure safe service delivery, and meet decarbonization targets. The capital plan aligns with the 80% Renewable Electricity Standard and coal phase-out by 2030.

N-52026-2027 GRA Appendix 1-6 - Redacted 3 passages
Analysis parameter Value Notes p. p. 44
Analysis parameter Value Notes Baseline period 2000-2019 (present day) This timeframe is centered on the year 2010 and it excludes 2020 as there is no climate data available for the full year of 2020 yet. 2026-2027 GRA Direct Evidence Appe...

AI summary This section outlines the parameters and data sources used in the climate analysis for NS Power's 2026-2027 GRA Direct Evidence Appendix 3B. It includes baseline periods, future scenarios, spatial and temporal resolutions, and climate hazards considered. RCP 4.5 and RCP 8.5 were selected as future warming scenarios.

7 1.1 GENERATION BY FUEL TYPE p. p. 116
7 1.1 GENERATION BY FUEL TYPE 8 9 Nova Scotia Power has 2,422 MW of generating capacity. Coal and petcoke-fired plants account 10 for 51 percent of this capacity, while natural gas and oil-fired plants make up 28 percent. Hydro, 11 wind, a...

AI summary Nova Scotia Power has 2,422 MW of generating capacity, with coal and petcoke accounting for 51%, natural gas and oil for 28%, and hydro, wind, and biomass for 21%. Government policy requires NS Power to deliver 40% of sales from renewable sources annually from 2025 to 2029, increasing to 80% by 2030.

Preamble p. p. 132
- 4 Renewable Electricity Regulations. Section 5(2A) of the Renewable Electricity Regulations - 5 requires NS Power to maintain PHB available as a base-loaded cogeneration facility and NS Power - 6 must operate PHB on an economic dispatch...

AI summary The document outlines requirements from the Renewable Electricity Regulations, including NS Power's obligation to maintain and operate the Port Hawkesbury Biomass (PHB) plant as a base-loaded cogeneration facility, and to meet increasing renewable energy targets starting in 2020 and 2030, with specific percentages and sources outlined.

N-62026-2027 GRA Appendix 7A-E - Redacted 1 passage
Wind, Hydro, and Solar Energy p. p. 30
Wind, Hydro, and Solar Energy (in Thousands of $) 2024 2026 Forecast vs 2024 2026 Forecast vs 2024 2026 Forecast vs 2025 2027 Forecast vs 2026 Compliance 2024 Actual 2025 Budget 2026 Forecast 2027 Forecast Compliance Actuals Budget Forecas...

AI summary The text presents a detailed table outlining labor and operational expenses for wind, hydro, and solar energy projects in 2024 and forecasts for 2026 and 2027, including compliance, actuals, budgets, and forecasts for various categories such as labor, office supplies, travel, materials, and contracts.

N-82026-2027 GRA Appendix 9-13 1 passage
c. Generation Ownership p. pp. 92-93
e frame. Morningstar DBRS will continue to monitor the Company's progress, especially with the release of a Clean Electricity Solutions Task Force report expected early in 2024. 18 [76](#page-92-2) 19 Specific environmental policies applic...

AI summary The text discusses environmental policies affecting Nova Scotia Power Inc. (NSPI), including the compelled closure of coal-fired generation by 2030, a federal carbon tax projected to reach $170 per tonne by 2030, and provincial renewable energy targets. These policies require NSPI to transform its generation portfolio and transmission system, involving significant capital expenditures.

N-92026-2027 GRA Appendix 12 A-C - Cost of Service Study Process - Redacted 4 passages
Evergreen IRP - Assumptions p. pp. 150-151
Evergreen IRP - Assumptions - 2030 targets(80% RES, coal phase out) base case - Federal Carbon Pricing - Fuel availability and pricing - Capital and operating cost assumptions - Load profile and electrification assumptions - Renewable inte...

AI summary The document outlines key assumptions for the Evergreen Integrated Resource Plan (IRP), including 2030 renewable energy targets, federal carbon pricing, fuel availability, capital and operating costs, load profiles, electrification, renewable integration, import potential, and emerging technologies such as SMRs and hydrogen.

Agenda p. pp. 82-83
Agenda - Recap: Bundled vs Unbundled Services at NS Power - Renewable to Retail Market Tariff Design - OATT Pricing Foundations - Conclusions

AI summary The agenda outlines key topics for discussion, including bundled vs unbundled services at NS Power, renewable to retail market tariff design, and OATT pricing foundations, with a focus on regulatory and operational considerations.

Energy Balancing Service Tariff p. p. 91
Energy Balancing Service Tariff The Energy Balancing Service is a supplemental generation service provided to LRS in respect of its RtR Customers utilizing the production from renewable low-impact generators. The service consists of delive...

AI summary The Energy Balancing Service Tariff outlines a supplemental generation service provided to LRS for its RtR Customers, involving the delivery of complementary energy and reception of surplus generation from qualifying renewable low-impact generators. Top-up energy refers to hourly load exceeding generation, while spill energy refers to hourly generation exceeding load.

- o Top-Up Capacity Service provision of capacity to support energy delivery through the energy balancing service in respect of imbalance between load and generation. p. pp. 92-93
- o Top-Up Capacity Service provision of capacity to support energy delivery through the energy balancing service in respect of imbalance between load and generation. 2023 2024 Variance Administration Charge ($/customer/month $ 374.89 $ 38...

AI summary The document outlines the Top-Up Capacity Service, which provides capacity to support energy delivery through the energy balancing service, addressing imbalances between load and generation. It includes a table showing administration and demand charges for 2023 and 2024, with a variance in administration charges.

N-132026-2027 GRA OE-01-13 - Redacted 2 passages
Commentary p. p. 152
Commentary Nova Scotia Power (NSPI) is required to manage air emissions to annual fleet wide limits, as per the NS Air Quality Regulations and the NS Greenhouse Gas (GHG) Emission Regulations. NSPI has been fully compliant with legislated...

AI summary Nova Scotia Power (NSPI) complies with annual air emission limits for SO2, NOx, and mercury under provincial regulations. NSPI manages emissions through fuel quality, renewable generation, and technology like low NOx combustion systems. Emissions are monitored and verified, with compliance targets set for future years.

NOVA SCOTIA POWERPeriod: MONTH-Year $CADSubmitted: Date p. p. 152
NOVA SCOTIA POWERPeriod: MONTH-Year $CADSubmitted: Date JAN- 16 Fore cast FEB -16 Fore cast MAR -16 Fore cast APR -16 Fore cast MAY -16 Fore cast JUN- 16 Fore cast JUL- 16 Fore cast AUG -16 Fore cast SEP- 16 Fore cast OCT- 16 Fore cast NOV...

AI summary The document presents a forecast table for Nova Scotia Power, focusing on renewable energy and IPP (Independent Power Producer) projects, including Cape Sharp Tidal and other IPPs, across various months from January to December 2016.

N-142026-2027 GRA OP 01-15 - Redacted 3 passages
Standardized Filing Requirements for Fuel - Generating Units by Type Year 2026 p. p. 196
Standardized Filing Requirements for Fuel - Generating Units by Type Year 2026 Thermal Units Fuel Type In Service Year Firm Capacity (MW) Net Avg. Heat Rate (Btu/kwh) Energy (GWh) Tufts Cove 1 Oil / Natural Gas 1965 78.0 24.0 Tufts Cove 2...

AI summary The document provides a detailed overview of standardized filing requirements for fuel-generating units in Nova Scotia for the year 2026, including data on various types of generating units, their fuel types, in-service years, firm capacities, and energy outputs.

779 855 406 508 TAMPA ELECTRIC CUSTOMERS (000s) PEOPLES GAS CUSTOMERS (000s) 4.6% CAGR 1.9% CAGR p. pp. 162-164
779 855 406 508 TAMPA ELECTRIC CUSTOMERS (000s) PEOPLES GAS CUSTOMERS (000s) 4.6% CAGR 1.9% CAGR 2019 2024 Hillsborough County population growth expected to outpace that of Florida's over the next 10 years 1 2019 2024 1 Source: Bureau of E...

AI summary The text discusses population growth and electrification trends in Nova Scotia, including a 3.4% annual growth rate for electric heat pump installations and a target of 30% zero-emission vehicle sales by 2030. It also references population growth forecasts and the impact of these trends on energy demand.

Proven Decarbonization Strategy p. p. 136
Proven Decarbonization Strategy - Nova Scotia Power achieved 43% of sales from renewable generation sources in 2023, in compliance with Provincial Renewable Energy Standards. - Forecast to exceed 40% of sales from renewable generation sour...

AI summary Nova Scotia Power achieved 43% renewable generation sales in 2023 and is forecast to exceed 40% in 2024, driven by wind generation and imports via the Maritime Link. The company plans to cease coal generation by 2030 in line with Provincial Renewable Energy Standards.

N-172026-2027 GRA SR-01-SR-04 - Redacted 1 passage
Unmetered Service Rates: Miscellaneous Lighting & Small Loads
REDACTED 2026-2027 GRA SR-02 Attachment 1 Page 8 of 175 2024 Load Forecast Report REDACTED 1 In addition to annual energy requirements, NS Power forecasts system peak demand. 2 Customer growth, electrification of heating and increased EV s...

AI summary NS Power forecasts an increase in system peak demand due to customer growth, electrification of heating, and increased EV sales, but long-term projections show a reduction due to lower EV sales and hybrid heating adoption. The peak demand is expected to rise by an average of 1.4% annually.

N-22NSPI (Cleary) RIR 1-11 - Redacted 9 passages
2026-2027 GRA Cleary IR-1 Attachment 7 Page 2 of 5 REDACTED (CONFIDENTIAL INFORMATION REMOVED) p. p. 51
2026-2027 GRA Cleary IR-1 Attachment 7 Page 2 of 5 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Inc. NSPI was fined $10 million for failing to remain compliant under the Renewable Electricity Regulations (RER). Under the p...

AI summary Nova Scotia Power Inc. (NSPI) was fined $10 million for non-compliance with the Renewable Electricity Regulations (RER), citing uncontrollable factors like delays in the Muskrat Falls project. NSPI is appealing the penalty with the UARB. The RER also mandates 80% renewable electricity by 2030, requiring significant investments, including new transmission lines and grid-scale batteries. The company is seeking to recover prudently incurred costs amid inflation and high interest rates.

Section 292 p. p. 74
On December 21, 2018, DBRS Limited (DBRS) confirmed the ratings of Nova Scotia Power Inc. (NSPI or the Company) as listed above. All trends are Stable. The ratings reflect the stable operations of the Company's regulated utilities in Nova...

AI summary DBRS Limited confirmed the credit ratings of Nova Scotia Power Inc. (NSPI) as stable, noting that NSPI's key credit metrics and operations remain robust. The rating outlook considers post-2019 rate increases due to renewable energy costs, but expects 2020 rate increases to be manageable. NSPI operates under a reasonable regulatory framework allowing a return on equity of 8.75% to 9.25% and is preparing for Nova Scotia's carbon cap-and-trade program.

Section 415 p. p. 86
- Because of the delayed energy delivery from the Muskrat Falls Project, the approved interim assessment payment reflected NSPML's proposal to reduce the assessment related to the depreciation expense. - As NSPI recovered these costs as pa...

AI summary The document discusses NSP's financial adjustments related to the Muskrat Falls Project, including customer credits and withholding requirements tied to the Maritime Link Project. It also covers NSPI's compliance with carbon emission regulations, including the cap-and-trade program and the Equivalency Agreement with the federal government.

Section 416 p. p. 86
ederal GHG regulations for coal-fired electricity plants: - Under the regulations, power plants that emit more than 420 tonnes of carbon dioxide emission from fossil fuels for each gigawatt hour of electricity generated will have to be clo...

AI summary The text outlines federal GHG regulations for coal-fired electricity plants and discusses Nova Scotia Power Inc.'s compliance through a renewed Equivalency Agreement. It also mentions delays in the Muskrat Falls Project due to the pandemic and an alternative compliance plan to meet renewable energy targets.

Section 469 p. p. 111
r the commissioning date and (b) December 31, 2029, if commissioned after 1974. - In December 2019, the Province and the Government of Canada renewed the Equivalency Agreement, which will allow NSPI to achieve compliance with the federal G...

AI summary The Province of Nova Scotia and the Government of Canada renewed the Equivalency Agreement in December 2019, allowing NSPI to comply with federal GHG regulations until 2029 through provincial measures. Due to delays in the Muskrat Falls Project caused by the pandemic, NSPI could not meet its 2020 renewable energy target. An alternative compliance plan was introduced in May 2020, extending the 40% target to 2022.

Section 581 p. p. 143
- In October 2017, the Province passed amendments to the Environment Act for the development of a capand-trade program for carbon emissions, which became effective on January 1, 2019. - In July 2021, the Province amended the RER to mandate...

AI summary Nova Scotia has implemented several environmental policies, including a cap-and-trade program for carbon emissions starting in 2019, and mandated that 80% of electricity sales be from renewable sources by 2030. The Province also entered into an Equivalency Agreement with the federal government to align provincial and federal GHG regulations, which was renewed in 2019 and will expire in 2024, with potential renewal until 2029.

Section 582 p. p. 143
regulations. The renewed Equivalency Agreement came into force on January 1, 2020, and will expire on December 31, 2024; however, it may be renewed until December 31, 2029. - As a result of the COVID-19 pandemic, there was a delay to the i...

AI summary The renewed Canada-Nova Scotia Equivalency Agreement is set to expire in 2024 but may be extended until 2029. Due to delays from the Muskrat Falls Project, NSPI could not meet its 2020 renewable energy target, leading to a three-year compliance plan. In 2023, a $10 million penalty was imposed on NSPI for noncompliance with the RER in 2022, which the company is appealing. The Province's 2030 Clean Power Plan includes new renewable and transmission projects, which may require significant government funding.

Preamble p. p. 159
The ratings of Nova Scotia Power Inc. (NSPI or the Company) are based on its integrated electricity operations under the Nova Scotia Utility and Review Board (NSUARB). The Stable trends reflect the Company's key credit metrics which are in...

AI summary Nova Scotia Power Inc.'s credit ratings are stable due to positive developments, including the sale of FAM regulatory assets and a federal loan guarantee. The enactment of Bill 404 streamlines NSPI's role, but concerns remain about potential political interference in future regulatory reviews.

Environmental Regulation p. p. 159
Environmental Regulation - In October 2017, the Province passed amendments to the Environment Act for the development of a cap-and-trade program for carbon emissions, which became effective on January 1, 2019. - In July 2021, the Province...

AI summary Nova Scotia has implemented several environmental regulations, including a cap-and-trade program, renewable energy mandates, and coal phase-out requirements. The province also amended the RER to require 80% renewable electricity sales by 2030 and established the NSIESO for grid operations. NSPI faced a penalty for noncompliance and appealed it. The 2030 Clean Power Plan aims to expand renewable generation and improve grid reliability.

N-23NSPI (Doane Grant Thornton) RIR 1-93 - Redacted 1 passage
2026-2027 General Rate Application (M12451) NSPI Responses to GT Information Requests p. p. 43
2026-2027 General Rate Application (M12451) NSPI Responses to GT Information Requests 1 Request IR-79: 2 3 Reference: FO-13 4 5 With regards to FO-13, Please provide an explanation and further details of what specific 6 deferred charges ar...

AI summary The document responds to an information request regarding deferred charges in NSPI's 2026-2027 General Rate Application. It outlines specific deferred charges such as long-term receivables from heat pump sales, net leases, and a Renewable-to-Retail Deferred Asset related to Matter M06214.

N-24NSPI (ECC) RIR 1-41 1 passage
Service Life Considerations p. p. 61
ns beginning in 2010. Nova Scotia became the first jurisdiction in North America to set hard caps on GHG emissions and has set ambitious targets for generating more electricity from renewable sources. Provincial legislation titled, "Enviro...

AI summary Nova Scotia has implemented strict GHG emission caps through the Environmental Goals and Sustainable Prosperity Act, requiring NSPI to significantly reduce emissions from coal-fired units. This legislation aims to transition to renewable energy sources, with targets of 25% by 2015 and 40% by 2020. The reduction in coal usage will impact the service life of coal plants, as they may only be used as backup.

N-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1) 8 passages
Renewable Electricity Regulations ("RER"): p. p. 75
Renewable Electricity Regulations ("RER"): On May 26, 2023, NSPI initiated an appeal, through a proceeding with the UARB, of the $10 million penalty levied on NSPI by the Province for non-compliance with the RER compliance period ending in...

AI summary NSPI is appealing a $10 million penalty imposed by the Province for non-compliance with the RER compliance period ending in 2022. The appeal is being heard by the UARB, with the hearing scheduled for June 2025.

Section 251 p. p. 75
NSPI's fuel costs are affected by commodity prices and generation mix, which is largely dependent on economic dispatch of the generating fleet. NSPI brings the lowest cost options on stream first after renewable energy from IPPs including...

AI summary NSPI's fuel costs are influenced by commodity prices and the generation mix, which depends on economic dispatch, renewable energy from IPPs, and the NS Block. Thermal plant availability remained stable in 2024, supporting reliable energy delivery during the transition to renewable generation.

Transactions between the Company and its related parties reported in the Consolidated Statements of Income and Consolidated Balance Sheets are as follows: p. p. 75
Transactions between the Company and its related parties reported in the Consolidated Statements of Income and Consolidated Balance Sheets are as follows: For the Year ended millions of dollars December 31 Nature of Service Presentation 20...

AI summary The document details transactions between the Company and related parties, including sales and purchases of services and energy, as well as the issuance of common shares to Emera. Notable figures include a significant decrease in shares issued in 2024 compared to 2023.

Preamble p. pp. 73-75
These and new or revised environmental laws, regulations, policies, or interpretations of those laws, regulations or policies could result in a Material Adverse Effect by, among other things, preventing or delaying the development of energ...

AI summary The text discusses potential Material Adverse Effects due to environmental laws and regulations, including delays in energy projects, restrictions on facilities, early retirement of coal-fired generation, compliance costs, and penalties for non-compliance. These effects could increase capital investments, impose operating costs, and affect the economic viability of certain operations.

DATE FILED: December 9, 2024 Page 10 of 54 p. p. 75
DATE FILED: December 9, 2024 Page 10 of 54 1 3.0 2030 DECARBONIZATION GOALS 2 3 NS Power's 2030 decarbonization goals are mandated under several legislative and regulatory 4 frameworks. Although there are many environmental regulations tha...

AI summary NS Power is required to meet 2030 decarbonization goals, including an 80% renewable electricity sales target and phasing out coal-fired generation by 2030, as mandated by provincial and federal regulations. These goals are incorporated into the Evergreen Integrated Resource Plan and the 2030 Clean Power Plan. NS Power is also considering proposed Clean Electricity Regulations to achieve net-zero emissions by 2050.

1 (e) Starting in 2021, the Climate Adaptation Leadership Program (CALP) was originally p. p. 178
NON-CONFIDENTIAL 1 (e) Starting in 2021, the Climate Adaptation Leadership Program (CALP) was originally 4 5 On page 12 of the application NS Power states that it plans to spend $485 million in 2026 and 6 2027 and lists several proposed pr...

AI summary The Climate Adaptation Leadership Program (CALP) was initiated in 2021. NS Power plans to spend $485 million in 2026 and 2027 on several projects, which are part of the Five-Year Reliability Plan filed in the 2025 ACE Plan (Matter M12012). The response confirms this and provides details in Attachment 1 and a table with project costs and in-service dates.

1 Request IR-31: p. p. 51
1 Figure 1: Comparison of original SO2 limits, CoV SO 2 limits, and forecast SO2 emissions 1 Request IR-31: 27 fuel oil (HFO) generation. These options are more expensive than coal and result in higher 28 greenhouse gas (GHG) Output-Based...

AI summary The text discusses the impact of using fuel oil (HFO) generation, which is more expensive and results in higher GHG Output-Based Pricing System (OBPS) costs. It also highlights the benefits of the SO₂ Certificate of Variance (CoV) in aligning SO₂ emissions with GHG OBPS compliance and enabling efficient use of fossil fuel fleet in the short term. Long-term models indicate that SO₂ emissions will naturally fall below CoV limits after 2030, reducing compliance costs.

Environmental Regulation p. p. 73
Environmental Regulation - In October 2017, the Province passed amendments to the Environment Act for the development of a cap-and-trade program for carbon emissions, which became effective on January 1, 2019. - In July 2021, the Province...

AI summary Nova Scotia has implemented several environmental regulations, including a cap-and-trade program and renewable energy targets. The Province amended the RER to require 80% renewable electricity by 2030 and phased out coal by 2030. An Equivalency Agreement with Canada was renewed in 2024, allowing compliance with federal GHG regulations until 2029. NSPI faced a $10 million penalty in 2023 for noncompliance and filed an appeal. The 2030 Clean Power Plan and Bill 404 aim to expand renewable generation and transition to the NSIESO for grid operations.

N-31NSPI (ECC) IR 1 to 41 - REFILED 1 passage
Service Life Considerations p. p. 162
ns beginning in 2010. Nova Scotia became the first jurisdiction in North America to set hard caps on GHG emissions and has set ambitious targets for generating more electricity from renewable sources. Provincial legislation titled, "Enviro...

AI summary Nova Scotia has set ambitious GHG emission reduction targets under the Environmental Goals and Sustainable Prosperity Act (EGSPA), requiring NSPI to significantly reduce emissions from coal-fired units. This legislation will lead to the retirement or curtailment of coal plants and increase reliance on renewable energy sources by 2020.

N-37Evidence - Synapse - Redacted 1 passage
Section 3
- Q. Please provide your name, title, and business address. - A. My name is Caroline Palmer. I am a Principal Associate at Synapse Energy Economics - ("Synapse"), located at 485 Massachusetts Avenue, Suite 3, Cambridge, MA 02139. - Q. Plea...

AI summary Caroline Palmer, a Principal Associate at Synapse Energy Economics, provides expert witness and consulting services in regulatory proceedings, focusing on issues such as cost-of-service studies, rate design, and distributed energy resource interconnection. She has extensive experience working with public interest clients and various government agencies.

N-94Revised Regulations 1 passage
p. pp. 8-9
"Power" "power" means the time rate of generating or using electric energy, normally expressed in kilowatts; "Retail Supplier Licence" "Retail Supplier Licence" means a Retail Supplier licence issued by the Board in accordance with the Ele...

AI summary The text defines key terms related to electricity regulation in Nova Scotia, including 'Power,' 'Retail Supplier Licence,' 'RtR Customer,' 'Residential Customer,' and 'Secondary metering.' These definitions are part of a regulatory framework governing electricity services and customer classifications.

102721Board Order 1 passage
Section 8 p. p. 2
"Distribution System Access" The services provided by the Company under the Distribution Tariff to provide for the connection of the RtR Customer to the Company's distribution system, but does not include the provision of electricity. Thes...

AI summary The text defines key terms related to distribution system access, licensed retail suppliers, and metering, outlining the services provided by the Company and the requirements for LRS participation. It also includes definitions for 'farming or fishing unit' and 'load'.

100780Closing Submission - NSPI 2 passages
DATE FILED: January 30, 2026 Page 23 of 55 p. pp. 22-23
DATE FILED: January 30, 2026 Page 23 of 55 1 3.5.1 Background 2 3 In the summer of 2021, the Provincial Government enacted the Environmental Goals and Climate 4 Change Reduction Act, which legislates the goal of phasing out coal-fired elec...

AI summary The Provincial Government enacted the Environmental Goals and Climate Change Reduction Act in 2021, aiming to phase out coal-fired electricity by 2030 and increase renewable energy supply to 80% by 2030. In response, Nova Scotia Power proposed the Decarbonization Deferral Account (DDA) to manage the financial impact of accelerated decarbonization on customers, which was approved by the NSEB in April 2024 (M11220).

DATE FILED: January 30, 2026 Page 27 of 55 p. p. 29
DATE FILED: January 30, 2026 Page 27 of 55 1 2 3 change…Ultimately though, it is likely fair to conclude that out of all the options available, securitization would be the "least-bad" option.48 7 provided, the Government of Canada has publ...

AI summary The document discusses the potential for securitization as a 'least-bad' option for managing costs, references the Canadian Renewable Electricity and Utility Efficiency Act (CREUE), and outlines the financial implications of the EIFEL exemption for NS Power, including the deferral of a $7 million expense and its impact on revenue requirements.

100863Reply Submissions - NS Power 3 passages
1 3.0 REPLY TO THE CLOSING SUBMISSION OF THE DEPARTMENT OF ENERGY
to address the remaining costs. Again, as stated in NS Power's Closing Submissions, in the Board's 13 process to consider the DDA, securitization was recognized by parties as potentially the ultimate 14 solution where the most savings coul...

AI summary The Department of Energy (DOE) references historical legal decisions, including Smyth v. Ames and Alberta's UAD cases, to argue that coal assets are stranded assets that should be written down, with the cost borne by NS Power shareholders. The discussion also mentions securitization as a potential solution for cost savings, requiring enabling legislation.

DATE FILED: February 6, 2026 Page 17 of 37
DATE FILED: February 6, 2026 Page 17 of 37 1 2 3 the parties in this proceeding have suggested that NS Power is not entitled to recover such costs. (emphasis added) 4 As is demonstrated by the foregoing, the ability of NS Power to recover...

AI summary The document discusses the ability of NS Power to recover capital investment in coal assets within electricity rates, referencing legal precedents and the Public Utilities Act (PUA). It notes that the recovery of capital is consistent with common law and the PUA, and that this has been confirmed by the Board in past proceedings. It also references the Alberta Utilities Commission (AUC) and a recent decision in Alberta that ended the UAD line of decisions.

1 5.2 Securitization
1 5.2 Securitization 2 - 3 As noted above, all Parties are supportive of the securitization of NS Power's thermal assets as - 4 contemplated under the DDA and a deferral to take effect on the effective date of the 2026 - 5 requested rate a...

AI summary The document discusses the support for securitization of NS Power's thermal assets under the DDA, with the expectation of benefits to ratepayers. NS Power and the IG recommend that the Board confirm the benefits of securitization before a formal application is filed, citing Section 21 of the PUA, which grants the Board authority to make recommendations on changes affecting public utilities.

101354Board Decision 1 passage
Duty of utility to furnish information p. p. 171
cation, NS Power discussed the depreciation of its coal assets and proposed a mechanism to deal with the recovery of the remaining undepreciated and decommissioning costs associated with these assets: … The retirement and remaining useful...

AI summary NS Power proposes a Decarbonization Deferral Account (DDA) to recover undepreciated and decommissioning costs of coal assets, driven by the 80% renewable generation target by 2030 and the EGCCRA. The DDA avoids depreciation studies and mitigates rate impacts, similar to the 2011 'black box' settlement.

20260108-1Hearing Transcript — 01/08/2026 (Pecurica, Willett, Williams, Flemming, Coyne) 2 passages
1 A. (Coyne) I'm with you, Mr. Deveau. 2 Q. Okay. So turning to page 61 you 3 starting around line 5 there we'll, first of all, 4 you mention, obviously, the renewable goal and the 5 retirement of coal-fired generation in the first few 6 s...

AI summary The text discusses the Province of Nova Scotia's 2030 Clean Power Plan, which includes adding renewable energy capacity and abandoning the Atlantic Loop project. It also references a Morningstar DBRS report from January 2024, which is positive about the plan for achieving renewable generation targets.

Section 152
the any of the Alberta utilities because they don't have that obligation at all. Q. Right. A. (Coyne) So we're mitigating a significant issue, in terms of transitioning that generation fleet, but that doesn't mean it goes away. But it is b...

AI summary The discussion highlights concerns raised by Morningstar regarding Nova Scotia Power's need for federal and provincial assistance in transitioning its generation fleet. The response acknowledges these concerns but notes that credit rating agencies like S&P and DBRS have recognized recent positive developments in this area, despite Nova Scotia Power's current lower credit rating.

Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →