N-1Report
4 passages
2.0 METHODOLOGY The SRMC test involves the following steps: 1. Determine the average annual system marginal cost (over 8760 hours in 2025) at the transmission delivery level. In calculating this marginal cost, the effects of exports and lo...
AI summary The SRMC test methodology calculates system marginal costs, adjusts for distribution losses, compares unit revenues to marginal costs, and estimates inefficient usage via price elasticities. NS Power uses a long-term elasticity factor of -0.15 for certain rate classes, while others rely on California Energy Commission data. The 2026 Load Forecast Report (M12861) is referenced for elasticity inputs.
lso significantly lower than unit revenues in each 13 calendar year. This is because the unit revenues are reflective of total costs of service of the four DATE FILED: May 29, 2026 Page 18 of 26
AI summary The text notes that unit revenues are significantly lower than those in a 13-year period, attributing this to unit revenues reflecting total service costs for four entities. The document is dated May 29, 2026, and appears on page 18 of 26.
20 Figure 7: Actual and Test year Unit Variable Generation Costs 2025 Actual 2024 Test Year FAM Classes Unit Variable Generation fuel cost Smoothed Base cost of fuel Unsmoothed Base cost of fuel Net Fuel and Purchased Power (Millions) $997...
AI summary Figure 7 compares actual and test year unit variable generation costs for 2025 and 2024, showing differences in fuel costs and sales. The data highlights a 24.7% increase in unit variable generation costs from the 2024 test year to 2025 actuals, with corresponding changes in fuel and purchased power costs.
95.7% 0.7 -0.15 -0.15 - - 2.78% 5.78% 15.83 8.09 Off-Peak (Summer) 86.9% 0.0 -0.15 -0.15 - - 2.78% 5.78% 13.69 7.33 76.0% 1.7 -0.15 -0.15 - - Annual Average 2.78% 5.78% 16.37 9.30 General Demand CPP CPP Hours 2.78% 5.78% 154.47 11.74 1215....
AI summary The text presents a table with percentages and figures related to 2025 base cost rate revenues, including DSM, SCRR, and FAM amounts. It includes various categories such as Off-Peak (Summer), General Demand CPP, and Large Industrial, with data on percentages, hours, and costs.
N-2Report - Refiled
5 passages
Figure 5: Long-Term Trend in System Unit Revenues and Marginal Costs Net of LRT/
AI summary The document presents Figure 5, which illustrates the long-term trend in system unit revenues and marginal costs, net of LRT. This figure is likely used to analyze the financial and operational dynamics of the energy system over time.
DATE FILED: June 5, 2026 Page 19 of 26 1 3.4 Riders 2 3 Starting in 2010, the fuel cost portion of the embedded cost rates has been subject to fuel cost 4 adjustments (FAM AA and FAM BA).12 5 6 Beginning in 2010, the DSM Cost Recovery Ride...
AI summary The document discusses the history and application of various rate riders, including the Fuel Adjustment Mechanism (FAM) and the Demand Side Management (DSM) Cost Recovery Rider (DCRR), and their impact on composite rates. It also references a Board Order related to refunds for the Maritime Link project and mentions the Electricity Efficiency and Conservation Restructuring (2014) Act.
DATE FILED: June 5, 2026 Page 21 of 26 15 M10431, P 899- Nova Scotia Power inc. Exhibit N-160, Appendix B - 2023-2024 Proof of Revenue, 2022-2024 GRA Compliance Filing. 16 The base cost rates in effect in 2025 were approved for use in 2024...
AI summary The document references a GRA proceeding and mentions the approval of base cost rates for 2025 in 2024. It also refers to a figure showing the distribution of percentage of time on the margin by type of generation.
11 4.2 SRMC Test for the Above-the-Line Classes 12 13 The actual 2025 revenues of the ATL rate classes reflect the base cost rates approved for use in 14 2024 and the 2025 DCRR and 2025 Storm Cost Recovery Riders (SCRR). Consistent with th...
AI summary The 2025 revenues for the above-the-line (ATL) rate classes have been adjusted based on the 2024 base cost rates, 2025 DCRR, and 2025 Storm Cost Recovery Riders (SCRR). Modifications include removing customer charge-related revenues and adding back supply interruptible credit to LIIR revenues. All ATL rate classes pass the SRMC test in 2025.
ormance-based rate. Even if the market prices fall below operation and maintenance costs, owners of "must-run" generation may have no incentive to reduce output or to cease operating the power plants. As a result of restructuring, the scop...
AI summary Restructuring the electricity market introduces new markets and financial instruments, which can increase supply elasticities by reducing investor risks. However, due to high capital costs and long lead times, generation supply may remain inelastic. Public pressures and alternative investments like transmission upgrades or energy efficiency may also influence market responses.