N-1-(i)Application Exhibits
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1 A. Overview 2 This is the initial revenue requirement application of the recently constituted Nova Scotia 3 Independent Energy System Operator (the "NSIESO"), which is for the test period ending March 4 31, 2026. The NSIESO is a not-for-...
AI summary The Nova Scotia Independent Energy System Operator (NSIESO) submits its initial revenue requirement application for the test period ending March 31, 2026. Established under the More Access to Energy Act, the NSIESO is transitioning functions from Nova Scotia Power Inc. (NSPI) in two phases, with increased revenue requirements expected over the first three fiscal years due to the phased implementation.
18 2. Statutory Context of Application - 19 This initial revenue requirement application is being made pursuant to Subsections 29(1) and (2) - 20 of the Act. The Act requires the NSIESO to submit its proposed expenditures and revenue - req...
AI summary The NSIESO submitted a revenue requirement application under Subsections 29(1) and (2) of the More Access to Energy Act, citing delays due to its new status and lack of historical data. It deferred costs to a Net OM&A Deferral and Variance Account, planning future rate recovery mechanisms once approved by the Nova Scotia Energy Board.
- 3 The NSIESO is not seeking capital funding as part of this revenue requirement Application. The - 4 NSIESO contemplates that separate application(s) may be made to the Nova Scotia Energy Board - 5 by the NSIESO for approval of capital p...
AI summary The NSIESO is not seeking capital funding in this revenue requirement application but may apply separately for approval of capital projects related to its core functions and energy and capacity procurement initiatives.
1 EXHIBIT C-1 - DEFERRAL AND VARIANCE ACCOUNTS 2 - 3 Because this is the NSIESO's first revenue requirement application, no deferral or variance - 4 accounts currently exist. In the current Application, the NSIESO is seeking to establish a...
AI summary The NSIESO proposes establishing a Net OM&A Deferral and Variance Account as part of its first revenue requirement application, noting no existing deferral or variance accounts currently exist.
N-7NSIESO (NSEB) RIR 1 to 25
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NON-CONFIDENTIAL 1 Request IR - 3 2 The NSIESO states "It is the NSIESO's proposal to defer the approval of a rate recovery 3 mechanism until its application for the period April 1, 2026 to March 31, 2027." However, in its 4 Notice of Appl...
AI summary The NSIESO is requesting clarification on its proposal to defer the recovery of its 2025-2026 revenue requirement until the 2027-2028 test year, and whether it intends to recover the NET OM&A Deferral and Variance Account over a single or multi-year period.
Revenue Requirement, which will be the subject of a separate application to the NSEB before December 31, 2025. Any true up amounts resulting from the Net OM&A Variance and Deferral Account would be collected or returned on a lagging one ye...
AI summary The NSIESO plans to apply for approval of a revenue requirement before December 31, 2025, and intends to recover the approved revenue requirement over a single year. It will collect the approved 2025/26 and 2026/27 revenue requirements starting in April 2026, with variance adjustments confirmed later.
Response IR - 6 - The NSIESO was established on October 24, 2024, with its Board of Directors appointed on - February 19, 2025. The NSIESO was operating without staff and incurred OM&A costs in its - first fiscal year ending March 31, 2026...
AI summary The NSIESO, established in October 2024, operated without staff during its first fiscal year, incurring OM&A costs. To manage uncertainty in cost forecasting and funding, it prioritized establishing a revenue requirement forecast and a deferral account to hold 2025/26 costs until a recovery mechanism is approved, ensuring ratepayer protection and statutory compliance.
6. Costs All costs of the transition incurred by NS Power will be reimbursed by the IESO Nova Scotia, except to the extent that internal resource costs incurred by NS Power are accounted for within NS Power's approved revenue requirement....
AI summary NS Power will be reimbursed by IESO Nova Scotia for transition costs, excluding internal resource costs covered by its approved revenue requirement. NS Power must obtain IESO Nova Scotia's agreement before incurring third-party or incremental internal costs beyond the approved revenue requirement.
1 Request IR - 8 - 2 Reference: Exhibit N-1(i), p. 8 of 36, lines 10-12 - 3 Have estimated forecasts been prepared for the annual expenditure and revenue requirement in - 4 each of the NSIESO's second and third fiscal years? If so, please...
AI summary The NSIESO (NSEB) has not prepared estimated forecasts for annual expenditure and revenue requirements in its second and third fiscal years. It plans to submit the 2026-2027 revenue requirement by December 31, 2025, under the More Access to Energy Act . The request references Exhibit N-1(i).
NON-CONFIDENTIAL b) No, upon having approved a forecast revenue requirement, any incremental actual cost over the approved revenue requirement would be the subject of a prudence review. This will ultimately be reflected in the balance in t...
AI summary The NSIESO (NSEB) states that incremental costs exceeding the approved revenue requirement will undergo prudence review, with variances recorded in the Net OM&A Deferral and Variance Account. One-time transition costs are expected to exceed $1.23 million, with further costs anticipated post-March 2026. An update on forecast expenses will be provided in the 2026/27 revenue requirement application, to be filed in Q4 2025.
Request IR - 19 - Reference: Exhibit N-1(i), p. 24 of 36 - The NSIESO indicates that the regulatory applications include this revenue requirement - application and "could include an application for approval of one of more capital applicati...
AI summary The NSIESO indicates that regulatory applications include a revenue requirement and potentially capital applications. The request asks to identify all assumed applications, their amounts, and timelines.
Response IR - 19 - The regulatory applications assumed in the proposed revenue requirement include the current - application for approval of a revenue requirement for the fiscal year ending March 31, 2026, and - an anticipated application...
AI summary The response discusses pending regulatory applications for revenue requirements for fiscal years 2026 and 2026/27, noting that NSIESO has not yet determined specific capital project requirements. NSIESO plans to develop a capitalization policy for its assets as part of broader organizational policies.
N-10Evidence of Doane Grant Thornton
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Nova Scotia Energy Board Review 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, 2026 Board Matter M12412 Report dat...
AI summary The Nova Scotia Energy Board is reviewing an application by the Nova Scotia Independent Energy System Operator for approval of its proposed expenditure and revenue requirement for the test year ending March 31, 2026. The matter is designated as Board Matter M12412, with a report date of October 28, 2025.
1.1 Purpose and scope - Doane Grant Thornton LLP ("we", "us", "our", or "Doane Grant Thornton") has been engaged by the Nova Scotia - Energy Board ("NSEB" or the "Board"). The purpose of our engagement was to present our observations, find...
AI summary Doane Grant Thornton LLP was engaged by the Nova Scotia Energy Board to review the Nova Scotia Independent Energy System Operator's (NSIESO) application for expenditure and revenue approval. The review focused on the test year budget, benchmarking of administrative salaries, organizational structure, and deferral account reasonableness for the period ending March 31, 2026 (M12412).
- 4 Figure 1 Summary of findings, observations and conclusions # Section title Findings, observations, and conclusions • Based on the information available, the expense categories included in the NSIESO's proposed revenue requirement appea...
AI summary The NSIESO's proposed revenue requirement includes expense categories that are aligned with standard practice, based on the information available.
4.3.1.2 Calculation of revenue requirement - Revenue requirement reflects the amount of revenue a utility must collect each year to cover the costs of providing - service to its customers, inclusive of a fair return for the utility's share...
AI summary The revenue requirement calculation includes operating costs, depreciation, taxes, and return on rate base. NSIESO, as a non-profit, is expected to focus solely on operating costs, omitting a return on rate base. This is the key focus of the Application and review.
4.3.2.11.1 Transition cost overruns - The NSIESO is not forecasting to seek NSEB approval for these one- time costs which pertain to the one-time OM&A costs to transition functions from NSPI to the NSESO and to set up the NSIESO's organiza...
AI summary The NSIESO expects one-time transition costs to be covered by provincial funding, but if overruns occur, they will use the Net OM&A Deferral Account. They anticipate costs exceeding initial estimates but cannot provide an exact figure yet. Future overruns would be addressed through revenue requirement applications.
4.4 Conclusion - Overall, based upon our review of the NSIESO's test year budget and all available information, we offer the following findings and recommendations: - Based upon our review of the proposed expenses, nothing has come to our...
AI summary The NSEB found the NSIESO's test-year budget reasonable but highlighted insufficient documentation for assumptions and lack of formal quotes. They recommended improved filing requirements to ensure transparency and prudence in future revenue requirement calculations.
- 15 thresholds have been detailed below: FVDA features and thresholds Detail16 Operating Reserve Level Maintained at $10 million within the FVDA. Threshold for Rebates If the FVDA balance exceeds $15 million, the excess is rebated to mark...
AI summary The document outlines 15 thresholds related to the FVDA, including maintaining a minimum balance, rebate mechanisms, and procedures for deficit contingency and ministerial approval. These thresholds ensure proper financial management and transparency in the energy sector.
- 17 keep the IESO accountable to ensure they are monitoring results and expenditures in comparison to their approved - 18 budget or forecast. This increases transparency and helps limit the burden to ratepayers. 14 Ontario Energy Board –...
AI summary The text discusses the importance of holding the IESO accountable for monitoring expenditures and results against their approved budget or forecast, emphasizing transparency and limiting the burden on ratepayers. It references a decision and order from the Ontario Energy Board related to the IESO's 2023-2025 expenditures, revenue requirement, and fees.
7.3.2.1.1 Purpose and intention Per the Application, the NSIESO is seeking approval to establish A Net OM&A Deferral and Variance Account to defer the recovery of its approved and forecasted Net Ongoing OM&A costs, record any variance betw...
AI summary The NSIESO seeks approval to create a Net OM&A Deferral and Variance Account to defer recovery of forecasted OM&A costs and record variances through March 31, 2026. It clarifies the intent to defer actual 2025-26 OM&A costs, net of provincial grant surpluses. The NSIESO explains its lack of staff and financial history as reasons for not seeking rate recovery mechanisms, emphasizing the need for a deferral account to ensure fair cost recovery and statutory compliance.
101053Board Decision
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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 (IESO) seeks approval for its expenditure and revenue requirement for the test year ending March 31, 2026. The proceeding involves multiple intervenors, including the Consumer Advocate, Small Business Advocate, Department of Energy, and others, before a regulatory panel chaired by Stephen T. McGrath.
MUNICIPAL ELECTRIC UTILITIIES James MacDuff, Counsel NOVA SCOTIA POWER INC. Jennifer Power, Counsel Blake Williams, Counsel PORT HAWKESBURY PAPER LP David MacDougall, Counsel SWEB DEVELOPMENT LP Mason Baker BOARD COUNSEL: William L. Mahody...
AI summary The Board approved IESO Nova Scotia's 2025/26 revenue requirement and Deferral and Variance Account. It directed the IESO to implement financial controls and quarterly reporting by the next revenue application. Key participants include Nova Scotia Power Inc., Port Hawkesbury Paper LP, Sweb Development LP, and Board Counsel William L. Mahody.
ropose a rate recovery mechanism. It proposed to defer the approval of a rate recovery mechanism until a later application for its revenue requirement for the period April 1, 2026, to March 31, 2027. - [4] The Board considered the matter i...
AI summary The Board approved the IESO's initial test year expenditure and revenue requirement for the period ending March 31, 2026, but deferred the approval of a rate recovery mechanism until a later application. Specific guidelines and accounting policies for the Net OM&A Deferral and Variance Account must be developed and filed before recovery can occur.
to occur in Q2 2027. Its forecast annual expenditure and revenue requirement is anticipated to increase over the first three fiscal years to reflect the increased scope of functions it will undertake. - [10] IESO Nova Scotia applied to the...
AI summary IESO Nova Scotia has applied for approval of its proposed expenditure and revenue requirement for its initial test year, including OM&A expenses and the establishment of a Net OM&A Deferral and Variance Account. It must conduct its first integrated resource planning exercise by October 24, 2025, as required by the More Access to Energy Act.
Application for approval of transmission tariff - 79 (1) The IESO shall make application to the Energy Board for approval of a transmission tariff for the provision of transmission services or ancillary services, or both, and the applicati...
AI summary The IESO must apply to the Energy Board for transmission tariff approval, including the transmitter's revenue requirement. The Energy Board processes applications per the Act and regulations, considering projected revenues, costs, and revenue allocation. It may set timelines for tariff implementation after hearings.
3.2 Proposed Revenue Requirement [22] IESO Nova Scotia forecasts its OM&A expenses for the test period to be $6.75 million (Ongoing OM&A). The IESO stated it will incur one-time transition costs forecast at $1.23 million, including costs t...
AI summary The IESO forecasts OM&A expenses of $6.75 million, including $1.23 million in one-time transition costs covered by a $2.68 million provincial grant. The IESO expects to recover $5.31 million in rates, with the remaining $1.44 million coming from the grant. Additional transition costs may arise in the future.
3.3 Deferral and Variance Account [33] This Net OM&A Deferral and Variance Account is being requested to defer the recovery of the IESO's approved and forecasted Net Ongoing OM&A costs (i.e., net of provincial funding). [34] The IESO defer...
AI summary The IESO is requesting the establishment of a Net OM&A Deferral and Variance Account to defer the recovery of its approved and forecasted Net Ongoing OM&A costs. The account includes three subaccounts to manage variances between forecasted and actual costs, as well as one-time transition costs. The IESO plans to file a future revenue requirement application in 2026-2027.
resholds and specific approval requirements were key features it observed from its jurisdictional review and that they would "create accountability and minimize excess and uncontrolled cost overruns". [48] Accordingly, the Board concludes...
AI summary The Board establishes a Net OM&A Deferral and Variance Account with guidelines for recovery, requiring variance reviews exceeding +/-10%. It aligns with the IESO on prudence reviews during revenue applications, placing the burden on IESO Nova Scotia to justify cost overruns. The Small Business Advocate's input supports stricter scrutiny for new organizations, with guidelines due by 2027/2028.
3.4.1 Findings - [53] The Board agrees with Doane Grant Thornton's recommendations in its evidence and the Industrial Group's submissions that the development of minimum filing requirements provides greater transparency and allows interest...
AI summary The Board endorses recommendations for minimum filing requirements in revenue applications, enhancing transparency and enabling thorough scrutiny of assumptions and financial data. Requirements include formal support for assumptions, historical financial data, projected results, and an annual business plan aligned with the More Access to Energy Act , plus stakeholder engagement details.
4.0 SUMMARY OF FINDINGS [87] The Board approves IESO Nova Scotia's proposed expenditure and revenue requirement for its initial test year ending March 31, 2026. For the initial test year, this approved amount is $6,751,287, with a net amou...
AI summary The Board approves IESO Nova Scotia's revenue requirement for the initial test year ending March 31, 2026, and sets conditions for future filings. Specific accounting policies and financial controls are required, along with enhanced integrated resource planning that includes regional system modeling and emissions considerations. Quarterly reporting on the transition from NS Power to the IESO is also mandated.
99332NSEB (NSIESO) IR 1 to 25
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NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: MORE ACCESS TO ENERGY ACT - and - IN THE MATTER OF: AN APPLICATION by the NOVA SCOTIA INDEPENDENT ENERGY SYSTEM OPERATOR for approval of its proposed expenditure and revenue requirement for the te...
AI summary The Nova Scotia Energy Board is addressing two matters: the More Access to Energy Act and an application by the Nova Scotia Independent Energy System Operator seeking approval for its expenditure and revenue requirement for the test year ending March 31, 2026.
Request IR-14: - Reference: Exhibit N-1(i), p. 18 of 36 - The NSIESO notes that forecast compensation in the Administration Salaries and Wages cost category was established on the basis of several assumptions. - a) Please provide the compe...
AI summary The NSIESO requests detailed compensation assumptions for revenue requirements, including base salary, bonuses, fringe benefits, peer organization comparisons, and market studies used to establish salary percentiles. The request focuses on administrative salaries and wages in Exhibit N-1(i), p. 18 of 36.
Request IR-18: - Reference: Exhibit N-1(i), p. 23 of 36 - Please provide the following as assumed in the NSIESO's requested revenue requirement for - 2025-2026: - a) a director's annual retainer; - b) a director's entitlement to meeting fe...
AI summary Request IR-18 seeks details on the NSIESO's 2025-2026 revenue requirement, including director retainer, meeting fees, committee structures, special projects, expense caps, and expense categories. The request aims to clarify assumed financial parameters for regulatory review.
Request IR-19: - Reference: Exhibit N-1(i), p. 24 of 36 - The NSIESO indicates that the regulatory applications include this revenue requirement - application and "could include an application for approval of one of more capital applicatio...
AI summary The NSIESO states that regulatory applications include a revenue requirement application and may include capital applications. The request asks to identify all assumed applications, their amounts, and timelines. This pertains to Exhibit N-1(i), page 24 of 36.
100595Submission - SBA
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January 15, 2026 VIA File Transfer Ms. Crystal Henwood Clerk of the Board Nova Scotia Energy Board 1601 Lower Water Street, 3rd Floor Halifax NS B3J 3S3 Dear Ms. Henwood: Re: M12412 - Nova Scotia Independent Energy System Operator Applicat...
AI summary The Nova Scotia Independent Energy System Operator (IESO-Nova Scotia) has submitted an application to the Nova Scotia Energy Board for approval of its revenue requirement for the test year ending March 31, 2026. The application seeks to recover OM&A costs, including a revenue requirement of $6,751,287 before government funding and $5,306,824 after, as part of the transition from Nova Scotia Power Inc. and in accordance with the More Access to Energy Act and Energy Reform (2024) Act.
Unknown Costs IESO-Nova Scotia emphasizes that a portion of the proposed $6.75 million revenue requirement is expected to be offset by an estimated $1.4 million of Provincial Funding remaining from the total $2.68 million provided. This re...
AI summary IESO-Nova Scotia acknowledges that part of its proposed revenue requirement may be offset by remaining provincial funding, but notes that costs are not fully understood and are expected to increase. The entity requests approval for the recovery of the approved revenue requirement starting April 1, 2026, and has also applied for an extension to submit its next revenue requirement application.
SBA Concerns The SBA respectfully submits that evidence filed by Doane Grant Thornton and Synapse Energy Advisors on behalf of Board Counsel appears to share the concerns outlined above, as evidenced in the suggestions for the need for mor...
AI summary The SBA raises concerns about the timeline for implementing financial controls and accounting policies recommended by Doane Grant Thornton and Synapse Energy Advisors. IESO-Nova Scotia claims these measures are in 'active development' and will be established by 2026, but the SBA questions whether this timeline is sufficient to impact the upcoming 2026/2027 revenue requirement application.
100757Reply Submission - IESO NS
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January 29, 2026 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: M12412 - IESO Nova Scotia 2025/2026 Revenue Requi...
AI summary The IESO Nova Scotia submitted a reply to the NSEB regarding its 2025/2026 revenue requirement application. The Consumer Advocate, Small Business Advocate, and Industrial Group did not object to the revenue requirement or the establishment of a deferral account but provided recommendations on cost control, future costs, and evidentiary requirements.
Cost Control Mechanisms The CA, SBA and IG all provided similar comments with respect to cost control mechanisms and the related conclusions and recommendations of Doane Grant Thornton's (DGT) submission of October 28, 2025. The SBA also r...
AI summary The CA, SBA, and IG aligned on cost control mechanisms from DGT's submission. SBA recommended governance controls, while IESO Nova Scotia confirmed existing financial controls since mid-2025 and plans to implement additional measures in Q1 2026. IESO supports intervenor recommendations and cites ongoing governance work in its revenue requirement applications.
Future Costs & Recovery The SBA provided the following recommendations regarding future IESO Nova Scotia cost recovery: The SBA … respectfully submits that the NSEB should require IESO-Nova Scotia to engage in further stakeholder sessions...
AI summary The SBA recommends stakeholder sessions for IESO Nova Scotia to explain cost recovery plans and avoid customer burden. IESO responds that predicting future costs is challenging due to ongoing operations like real-time dispatch transition and energy procurement, but commits to developing a permanent cost recovery mechanism by Q2 2026 and engaging stakeholders.
Evidentiary Requirements IG recommended the following with respect to evidentiary requirements of future revenue requirement applications: 2. As part of future RR applications, include the following at minimum: 8 Small Business Advocate Su...
AI summary The document outlines evidentiary requirements for future revenue requirement (RR) applications, including financial results, budget support, stakeholder engagement, and deferral justifications. IESO Nova Scotia agrees to provide documentation with caveats, while DGT emphasizes formal support for significant budget items. The More Access to Energy Act mandates annual reporting for stakeholder engagement.
Miscellaneous The IG provided the two additional recommendations: - 4. File monthly public reporting on transition progress and collaboration with NSPI throughout 2026. - 5. By March 1, 2026, develop and publish a detailed IRP schedule, in...
AI summary The Industrial Group (IG) recommends monthly public reporting on transition progress and an IRP schedule by March 2026. They support the IESO-NS's monthly reports but add elements like transition milestones, variances, collaboration outcomes, and cost updates. NSIESO proposes monthly reports to the NSEB. The IESO-NS responded to M12412 regarding revenue requirements, citing the More Access to Energy Act.
101053Board Decision
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MUNICIPAL ELECTRIC UTILITIIES James MacDuff, Counsel NOVA SCOTIA POWER INC. Jennifer Power, Counsel Blake Williams, Counsel PORT HAWKESBURY PAPER LP David MacDougall, Counsel SWEB DEVELOPMENT LP Mason Baker BOARD COUNSEL: William L. Mahody...
AI summary The Board approved IESO Nova Scotia's 2025/26 revenue requirement and Deferral and Variance Account. The IESO must file financial controls and quarterly reports by the next revenue application. Final submissions were received on January 29, 2026, with a decision date of February 25, 2026.
- [1] On April 5, 2024, the Legislature passed the More Access to Energy Act , SNS 2024, c 2, Schedule B, establishing the new Nova Scotia Independent Energy System Operator (IESO Nova Scotia or IESO). Amongst other roles, this will result...
AI summary The More Access to Energy Act established IESO Nova Scotia, which applied for approval of its initial expenditure and revenue requirement. The application includes OM&A expenses and the establishment of a deferral account. The Act allows cost recovery from ratepayers, and IESO proposed deferring the rate recovery mechanism to a later application.
to occur in Q2 2027. Its forecast annual expenditure and revenue requirement is anticipated to increase over the first three fiscal years to reflect the increased scope of functions it will undertake. - [10] IESO Nova Scotia applied to the...
AI summary IESO Nova Scotia seeks approval for its OM&A expenses and revenue requirement for its initial test year ending March 31, 2026, including establishing a Net OM&A Deferral and Variance Account. The application aligns with its obligations under the More Access to Energy Act, including commencing its first integrated resource planning exercise by October 2025.
Application for approval of transmission tariff - 79 (1) The IESO shall make application to the Energy Board for approval of a transmission tariff for the provision of transmission services or ancillary services, or both, and the applicati...
AI summary The IESO must apply for a transmission tariff, including the transmitter's revenue requirement. The Energy Board must approve the tariff based on revenue projections and cost recovery mechanisms for ancillary services. The Board can set timelines for tariff implementation.
3.3 Deferral and Variance Account [33] This Net OM&A Deferral and Variance Account is being requested to defer the recovery of the IESO's approved and forecasted Net Ongoing OM&A costs (i.e., net of provincial funding). [34] The IESO defer...
AI summary The IESO proposes a Deferral and Variance Account to defer recovery of Net OM&A costs, structured into three subaccounts. Sub-Account 1 holds approved forecast costs, Sub-Account 2 records variances, and Sub-Account 3 reflects adjusted actual costs. A $5.31M deferral is anticipated upon approval of forecast OM&A costs. The IESO deferred a rate recovery mechanism until its 2026-2027 revenue application due to data gaps.
resholds and specific approval requirements were key features it observed from its jurisdictional review and that they would "create accountability and minimize excess and uncontrolled cost overruns". [48] Accordingly, the Board concludes...
AI summary The NSEB establishes a Net OM&A Deferral and Variance Account, requiring guidelines for recovery and a 10% variance threshold for reviews. The IESO must justify cost overruns, while the Small Business Advocate supports stricter scrutiny for new organizations. Guidelines must be filed by 2027/2028.
3.4.1 Findings - [53] The Board agrees with Doane Grant Thornton's recommendations in its evidence and the Industrial Group's submissions that the development of minimum filing requirements provides greater transparency and allows interest...
AI summary The Nova Scotia Energy Board (NSEB) endorses minimum filing requirements for revenue applications, emphasizing transparency and thorough evidentiary support. Requirements include detailed financial data, formal assumption documentation, annual business plans aligned with the More Access to Energy Act , and stakeholder engagement details.
4.0 SUMMARY OF FINDINGS [87] The Board approves IESO Nova Scotia's proposed expenditure and revenue requirement for its initial test year ending March 31, 2026. For the initial test year, this approved amount is $6,751,287, with a net amou...
AI summary The Board approves IESO Nova Scotia's expenditure and revenue requirement for the initial test year ending March 31, 2026, at a net amount of $5,306,824 after provincial funding. It also sets requirements for future applications, including financial controls, formal support for assumptions, historical financial data, and engagement with Indigenous groups. The IESO is directed to address specific issues in its integrated resource planning, including modeling scenarios and emissions costs, and to provide quarterly reports on its transition from NS Power.