Topic:"Return On Equity" in M12696

1 I. INTRODUCTION - 2 Q1. PLEASE STATE YOUR NAME AND BUSINESS ADDRESS. - 3 A1. My name is Danielle S. Powers. My business address is 293 Boston Post Road West, Suite - 4 500, Marlborough, Massachusetts 01752. - 5 Q2. BY WHOM ARE YOU EMPLOY...

AI summary Danielle Powers, CEO of Concentric Energy Advisors, Inc., describes her firm's services in regulatory, economic, and market analysis for energy and utility clients. Concentric provides consulting on wholesale electric market design, generation/transmission planning, and resource planning, with expertise in utility ratemaking and regulatory policy.

NSPML Responses to Industrial Group Information Requests 1 exists for specific reasons, and those reasons no longer existed. NSPML submits that 25 holdback amounts (nor the actual ECA remedies), NSPML believes it is appropriate to end 26 t...

AI summary NSPML is responding to an information request regarding the return of previously held-back funds. The request includes detailed inquiries about financial reporting, revenue requirements, debt service coverage ratios, FAM reporting, and potential regulatory or accounting adjustments to mitigate customer impact.

NSPML Responses to Small Business Advocate Information Requests 1 Request IR-01: 15 b) In order to provide assurance that the Maritime Link is operating reliably, should the 16 timeframe for ending the Holdback not coincide or follow a yea...

AI summary NSPML responds to questions about the Maritime Link's reliability, the Holdback mechanism, and WACC. It states the Holdback should end in May 2024 and explains that unplanned outages are expected for electricity generation and transmission assets.

II. Introduction and Summary - Q: Please summarize the scope of your evidence. - A: My evidence reviews NSPML's application for release of the Holdback effective April 2024 and recovery of carrying costs associated with Holdback that has o...

AI summary The evidence reviews NSPML's application to release a Holdback effective April 2024 and recover carrying costs. The applicant's request is justified due to outage events meeting the Board's relief criteria, but the Board may need to adjust the carrying charge from full WACC to debt-only charges, reducing the proposed amount from $1,148,502 to $878,573.

30 Request IR-3: 32 31 With respect to Exhibit N-1, Appendix B, 36 33 (a) Please explain the reason(s) for under delivery in each month in which the holdback was 34 retained, including the start and end date for each reason and the total u...

AI summary The document requests explanations for under delivery and holdback calculations related to the LIL's performance, including outage causes and WACC computations. It seeks detailed breakdowns of under delivery reasons, holdback estimates, and WACC calculations with formulas intact.

22 Request IR-4: 3 11 19 21 27 30 33 36 43 23 On p. 6 of Exhibit N-1, NSPML requests that in addition to distributing $15.4 million in retained 24 holdback (see Appendix B), the Board also require that NS Power distribute $1.1 Million in 2...

AI summary NSPML requests the Board to distribute $1.1 million in 'updated WACC consideration' alongside retained holdback funds, but inconsistencies exist in their exhibit. The Board is asked to confirm the request, identify justification, explain the two-year delay in reviewing the holdback mechanism, and assess intergenerational equity impacts.

Request IR-2: Refer to the Application, Section 1. Introduction, page 6 of 37, lines 15-21, which states: NSPML therefore requests that: - the Board deem the Holdback to have ended effective May 1, 2024; and - the Board order that all Hold...

AI summary NSPML requests the Board to end the Holdback effective May 1, 2024, and distribute retained amounts with updated WACC. The Board questions the timing amid 2025 unplanned outages, reliability concerns for the Maritime Link, and LIL's climate resilience. NSPML's response to LIL design risks and responsibility for long-term solutions is queried.

- 3 previously held-back amounts be returned to NSPML, please explain in detail: - 4 (a) how those funds would be treated for financial reporting purposes 5 (including whether they would be recognized as current-period revenue, 6 prior-per...

AI summary The text requests detailed explanations regarding the financial treatment and implications of returning previously held-back amounts to NSPML, including impacts on revenue, financial statements, debt service coverage, and regulatory compliance.