c. Generation Ownership
p. pp. 93-94
These risks are not generally faced by other Canadian investor-owned utilities, many of which own little, if any, generation. Further, as discussed in more detail later in this section, while the companies in the U.S. Electric proxy group...
AI summary NSPI faces higher carbon transition risks compared to other utilities due to its significant coal-fired generation and shorter carbon reduction timelines. NSPI proposed a decarbonization plan involving a deferral account (DDA) to mitigate rate impacts. The Board approved this plan with conditions, including securitization of DDA assets and a report by April 30, 2025. NSPI plans to seek securitization approval for $700 million of DDA assets in 2025, with potential deferral of costs if not completed by 2026.