NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: The Public Utilities Act - and – IN THE MATTER OF: An Application by the TOWN OF MAHONE BAY on behalf of its electric utility ("TOMBEU") for Approval of Amendments to its Schedule of Rates and Cha...
AI summary TOMBEU, an electricity distribution utility in Nova Scotia, seeks approval from the Nova Scotia Energy Board to begin recovering deferred revenue from customers starting January 1, 2026, over a 24-month period, following a 2023 rate increase cap and a 2024 delay in recovery due to significant rate increases.
Background This Application arises from the Board's Decision in M010832, dated April 28, 2023, TOMBEU's GRA for Test Year 2023. The rate increase initially proposed by the Utility was a system average of 34.8%, with increases to all custom...
AI summary The document outlines the phased implementation of a rate increase for TOMBEU following the Board's decision in M010832. The rate increase was initially capped at 20% for certain classes in 2023, with the full increase to be applied in 2024. TOMBEU is now requesting approval to recover deferred revenue, including interest, from the affected classes.
Methodology TOMBEU proposes to recover the deferred amounts by a charge per kWh determined separately for each of the affected classes, effective with all consumption starting between January 1, 2026 and December 31, 2027. This is the same...
AI summary TOMBEU proposes to recover deferred revenues through a charge per kWh over a two-year period from 2026 to 2027, reducing the rate impact on customers compared to a one-year recovery period. Calculations involve applying approved rates to consumption data and incorporating financial costs. A model is provided for detailed computations.