Topic:"Taxes" in M12451

1 Figure 11-1 2026-2027 Breakdown of Forecast Revenue Requirement by Category Category 2026 ($ Million) 2027 ($ Million) Fuel & Purchased Power $918.6 $918.4 OM&G 351.8 357.9 Demand Side Management Expense 63.8 63.8 Depreciation and Accret...

AI summary The text presents a forecast revenue requirement breakdown for 2026-2027, including categories such as fuel, depreciation, taxes, and return on equity. It also discusses the enactment of Bill C-59, which introduces the EIFEL regime to limit interest and financing expenses to 30% of earnings before interest, taxes, depreciation, and amortization.

(in Thousands of $) 2024 Compliance 2026 Forecast vs 2024 2026 Forecast vs 2024 2026 Forecast vs 2025 2027 Forecast vs 2026 536550 Recoveries - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...

AI summary The document presents a financial table outlining recoveries, depreciation expenses, and tax assessments for the years 2024 and 2026. It includes forecasted changes in these categories, providing a comparative view of financial data across different years.

pt/Info.Software 194 187 177 180 (17) (10) 536100 Rental/Mtnce equipment/software - - - - - - 532850 Appl. Software - - - - - - - - - - - - 532900 Comp.Hrdwr & Op.Sftwr 532950 Directors' Fees & Exp - - - - - - 533100 Ext. Legal & Audit 42...

AI summary The text presents a detailed breakdown of various expense categories, including software, legal fees, advertising, meals, employee benefits, and training, with figures for different years. It outlines costs and recoveries related to operations and services, providing a financial overview of the entity.

PARTIALLY CONFIDENTIAL 2026-2027 GRA Direct Evidence Appendix 12A(2) Page 818 of 1218 REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2022-2024 GRA SR-01 Attachment 1d Page 9 of 11 COSS CA DR-53 Attachment 1 Page 28 of 62 Nova Scotia Power Unm...

AI summary The document discusses the calculation of capital carrying costs for LED and non-LED fixtures using a tax-adjusted WACC rate, which varied between 8.12% in 2022 and 9.07% in 2024. It outlines a three-step process to determine these costs and references Schedule 5 and 5A for detailed tax-adjusted WACC calculations.

Resource Cost, Performance, & Financing Performance Inputs Financing Return of Invested Equity $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 $598,969 Book Equity Return $2,485,722 $2,485,722 $2,3...

AI summary The text presents a detailed financial breakdown of performance inputs and financing, including equity return, taxes, revenue requirements, and depreciation. It includes figures for various financial components over a period of time, indicating a focus on resource cost and performance evaluation.

1,084,134 $1,030,227 $976,320 $922,413 Taxes Equity Return $1,293,774 $1,239,866 $1,185,959 $1,132,052 $1,078,145 $1,024,237 $970,330 $916,423 $862,516 $808,609 $754,701 $700,794 $646,887 $592,980 $539,072 $485,165 $431,258 $377,351 $323,4...

AI summary The text presents a series of numerical figures related to taxes, equity return, and revenue requirements, including fixed operating and maintenance costs, interest, and depreciation. These figures are likely part of a financial analysis or regulatory filing.

COSS SBA DR-6 Attachment 1 Page 5 of 24 212150 AP LIFE ADD 212250 AP DC PENSION 212300 AP DB PENSION 212350 AP CHARITY DONATIONS EMPLOYEES 212355 AP CHARITY DONATIONS EMPLOYEES IWK 212400 AP SOCIAL CLUB DUES 212500 AP UNION DUES LIVING AWA...

AI summary The document lists various accounts and liabilities, including pension funds, union dues, tax payables, and accrued liabilities. These entries are part of financial records related to Nova Scotia Power and other entities.

- 26 9) Other Post Retirement Benefits consists of Long Service Awards and Post Retirement Benefit Plans. 1 Requirement: 2 3 o Income tax, including details of tax calculations 4 o Taxes other than income taxes, including details of tax ca...

AI summary The text outlines the submission requirements for tax details, including income taxes and other taxes, and references a partially confidential attachment that has been removed due to confidentiality.

Q4 2024 compared to Q4 2023 Q4 2024 net income increased by $31 million compared to Q4 2023. The increase is due to increased income tax recovery primarily due to the utilization of tax loss carryforwards offset to a deferred income tax re...

AI summary Q4 2024 net income increased by $31 million compared to Q4 2023, primarily due to increased income tax recovery from the utilization of tax loss carryforwards and offsetting a deferred income tax regulatory liability, partially offset by decreased tax deductions related to PP&E.

US One Big Beautiful Bill Act ("OBBBA") On July 4, 2025, the OBBBA was signed into law. The OBBBA makes permanent many of the expired and expiring tax provisions originally enacted in the Tax Cuts and Jobs Act of 2017. It also includes sig...

AI summary The US One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, makes permanent many tax provisions from the 2017 Tax Cuts and Jobs Act and modifies clean energy tax credits from the Inflation Reduction Act. Emera is evaluating these changes but does not expect them to significantly affect the company.

US One Big Beautiful Bill Act ("OBBBA") On July 4, 2025, the OBBBA was signed into law. The OBBBA makes permanent many of the expired and expiring tax provisions originally enacted in the Tax Cuts and Jobs Act of 2017. It also includes sig...

AI summary The OBBBA, signed into law on July 4, 2025, permanently extends tax provisions from the 2017 Tax Cuts and Jobs Act and modifies clean energy tax credits from the Inflation Reduction Act. Emera is assessing the impact of these changes, which had no effect on the company in Q2 2025.

2. Quarterly test year figures are based on an allocation of the annual test year amounts as these amounts are not profiled quarterly. As at June 30 millions of Canadian dollars 2025(1) Unregulated Retained Earnings Unregulated retained ea...

AI summary This text provides quarterly test year figures for unregulated retained earnings, property, plant and equipment, other assets, deferred income taxes, and related parties for June 30, 2025. The figures are based on an allocation of annual test year amounts due to the lack of quarterly profiling. Certain adjustments are forecast due to a cybersecurity incident and its response.

PGS 2026 Revenue Requirement + 2027 Subsequent Year Adjustment 2026 2027 Rate Base Growth 48 - Depreciation 19 6 O&M 23 - Taxes Other Than Income Taxes 9 7 Cost of Capital 15 14 Revenue Growth, excluding CI/BS1 Rider (10) - BASE REVENUE RE...

AI summary The document presents the 2026 Revenue Requirement and 2027 Subsequent Year Adjustment for PGS, including details on rate base growth, depreciation, O&M, taxes, cost of capital, and net revenue required. The table outlines financial figures for both years.

ACTIVITIES OF THE AUDIT COMMITTEE IN 2024 The Audit Committee met five (5) times in 2024. In accordance with its mandate as set out in the Audit Committee Charter, the Audit Committee performed the following key functions in 2024: - 1. Rev...

AI summary The Audit Committee met five times in 2024 and performed various functions including reviewing accounting and disclosure issues, credit and market price risk reports, tax reports, compliance reports, and financial statements. They also evaluated the performance of the Chief Financial Officer and external auditors, and approved updates to internal audit policies and fees for EY.

The following table shows the changes to accumulated value from January 1, 2024 to December 31, 2024 for the NEOs who participated in the Pension Plan on a defined contribution basis. Name Accumulated value at start of year ($) Compensator...

AI summary The table outlines the changes in accumulated value for Named Executive Officers (NEOs) in the Pension Plan on a defined contribution basis from January 1, 2024, to December 31, 2024, including both compensatory and non-compensatory changes.

generally processed two to three weeks after each payroll payment date. Tax payments for variable compensation payments are generally processed the same day as the variable compensation payment date. Lead days for benefits payments and pay...

AI summary The text discusses the timing of tax and benefit payments related to payroll, including processing schedules for variable compensation, benefits, and payroll deductions. It also mentions the calculation of lead days for invoices and corporate support expenses.

2026-2027 General Rate Application (M12451) NSPI Responses to GT Information Requests 1 Request IR-61: 17 Current income taxes is then adjusted for the following items to arrive at Total Corporate Income 18 Tax Expense (Recovery): 19 20 (i...

AI summary This section discusses the adjustment of current income taxes for various items, including deferred income taxes on regulatory deferrals, reclassification of CIT to DIT, and deferred income taxes on loss carryforward. It also highlights the recognition of investment tax credits and provides figures for regulated income tax recovery in 2026.

CONFIDENTIAL (Attachment Only) 1 Request IR-84: 2 3 Reference: N-3 Page 54. 4 5 As noted in section 9.2.4 (Page 54), Long term income tax receivable. 6 7 (a) Please provide particulars, by year, of the income tax receivable and interest. F...

AI summary The document outlines a request (IR-84) regarding long-term income tax receivable, including details on its funding, and references to NSPI's Notice of Appeal and related submissions to the Tax Court of Canada. It also asks about the anticipated resolution of the dispute and how any refund would be treated.

REDACTED 2026-2027 GRA NSEB IR-2 Attachment 1 Page 5 of 6 REDACTED (CONFIDENTIAL INFORMATION REMOVED) As at December 31 millions of Canadian dollars 2024 Unregulated Retained Earnings Unregulated retained earnings - December 31, 2023 $181....

AI summary The document provides a detailed breakdown of financial figures related to unregulated retained earnings, property, plant, and equipment, as well as deferred income taxes and related party transactions for the period ending December 31, 2024. Key items include unregulated retained earnings, capital projects, and adjustments related to tax and financing expenses.

As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...

AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.

4 Figure 1 – Summary of findings, observations and conclusions # Report section Findings, observations, and conclusions 5. Taxes including income taxes and grants in lieu of property taxes We have reviewed taxes including income taxes and...

AI summary The report reviews taxes, including income taxes and grants in lieu of property taxes, for NS Power's 2024 Actuals, 2025 Budget, and future forecasts. The analysis confirms that the 2026 and 2027 tax forecasts are reasonable, with grants in lieu of property taxes being the primary driver of the amounts.

3 5.1 Scope - 4 Taxes include corporate income tax expense and grants in lieu of property taxes. Included in revenue requirement 5 are the following amounts related to tax expense:

AI summary The scope section outlines that taxes include corporate income tax expenses and grants in lieu of property taxes, with specific amounts related to tax expenses included in the revenue requirement.

- Figure 17 Breakdown of taxes (2024-2027)[173](#page-46-0) 6 Proposed Rates ($ millions) 2024C 2024A 2025F 2026F 2027F Grants in lieu of property taxes 44.3 47.6 50.5 51.5 Corporate income tax (0.1) (33.1) (20.7) 4.6 Total taxes 44.2 14.5...

AI summary The table provides a breakdown of taxes from 2024 to 2027, showing changes in grants in lieu of property taxes and corporate income tax. The figures indicate a significant fluctuation in tax amounts over the years.

Expense Category PURA Expense Adjustment ($) CWC Adjustment Factor CWC Adjustment ($) Compensation (301,500) 0.1113 (33,557) Employee Benefits (227,626) 0.1468 (33,415) Income Tax (4,917,242) 0.0640 (314,703) Other O&M (14,971,618) 0.0261...

AI summary Table 10 presents the impact of expense adjustments on the Cost of Service Working Capital (CWC) for various expense categories, including compensation, employee benefits, income tax, and others. The table shows both the PURA expense adjustment and the corresponding CWC adjustment in dollars.

3. Provision for Deferred Income Taxes The Authority reduces the Company's proposed depreciation expense by $2,923,090. Thus, based on an income tax composite rate of 27.5175%, the Authority increases the Company's provision for deferred i...

AI summary The Authority adjusts the Company's depreciation expense and increases its provision for deferred income tax by $804,361, resulting in an increase in average ADIT by $402,181, based on a 27.5175% income tax composite rate.

1. Summary The Company proposes $108,526,743 as total Rate Year tax expenses, which includes $3,686,196 in Fixed Capital Investment Credits (FCIC) the Company estimates it will use in the Rate Year. Late Filed. Ex. 1, Att. 2 Supp., Sch. A-...

AI summary The Company proposes $108,526,743 in total Rate Year tax expenses, including $3,686,196 in Fixed Capital Investment Credits (FCIC). The Authority adds the FCIC amount, resulting in a total tax proposal of $112,212,939. However, the Authority allows $104,968,582 in the Company's revenue requirement for tax expenses.

Expense Proposed ($) Adjustment ($) Approved ($) Payroll Taxes 7,565,503 (45,774) 7,519,729 Property Taxes 44,034,963 (343,518) 43,691,445 Gross Earnings Taxes 32,739,761 (2,742,185) 29,997,576 Deferred Income Taxes - 804,361 804,361 State...

AI summary The table presents the proposed, adjustment, and approved tax expenses for various categories including payroll taxes, property taxes, and income taxes during the rate year. The total tax expense is reported as $104,968,582 after adjustments.

In the aggregate, the Authority reduces the Company's proposed Rate Year property tax expense by $343,518, resulting in an approved Rate Year property tax expense amount of $43,691,445. This adjustment is shown in [Table 71,](#page-192-3)...

AI summary The Authority has reduced the Company's proposed Rate Year property tax expense by $343,518, resulting in an approved expense of $43,691,445. This adjustment applies to the period from May 2025 through September 2025.

5. Deferred Income Taxes The Authority increases the provision for deferred income tax by $804,361 to reflect a $2,923,090 reduction to the Company's proposed depreciation expense. As discussed in Section VI.B, Depreciation Expense, the Au...

AI summary The Authority increases the provision for deferred income tax by $804,361 due to a $2,923,090 reduction in the Company's proposed depreciation expense. This adjustment is calculated using a composite income tax rate of 27.5175%.

Table 74: Rate Year Federal Income Taxes Proposed ($) Adjustment ($) Approved ($) FIT at Current Rates 2,336,977 2,561,733 4,898,710 Investment Tax Credit (729,732) - (729,732) EADIT Amortized (1,157,109) - (1,157,109) Incremental FIT 19,2...

AI summary Table 74 outlines the proposed, adjusted, and approved figures for Rate Year Federal Income Taxes, including FIT at Current Rates, Investment Tax Credit, EADIT Amortized, and Incremental FIT. The section also introduces a discussion on Interest Synchronization.

UTILITY RATE PROCEEDINGS IN WHICH TESTIMONY HAS BEEN PRESENTED BY JACOB POUS ALASKA CenterPoint Energy Entex – City of Tyler 9364 Capital Investment, Affiliates CenterPoint Energy Entex – Gulf Coast Division 9791 Rate Base, Cost Allocation...

AI summary The document lists various utility rate proceedings involving CenterPoint Energy Entex, Energas Company, and other entities, with details on the matters and topics discussed in each proceeding, including depreciation, cost of service, rate base, and affiliate transactions.

TRANSMISSION OPERATING EXPENSES ABOVE-THE-LINE RATE CLASSES BELOW-THE LINE RATE CLASSES TOTAL (1) OPERERATION & MAINTENANCE (2) DIRECT 22,956 744 23,700 (3) NON-DIRECT 14,279 463 14,742 (4) (5) TOTAL OPER. & MAINT. 37,235 1,207 38,442 (6)...

AI summary The document presents a detailed breakdown of transmission operating expenses, categorized into above-the-line and below-the-line rate classes, including operation and maintenance, depreciation, taxes, interest, and retained earnings. This data is part of a larger regulatory proceeding document.

ésente une somme relative à un inter- year determined by the formula valle pertinent du contribuable donné au cours de l’année civile déterminée par la formule suivante : 2021-2022-2023-2024 269 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA...

AI summary The text includes a formula for determining a sum related to a taxable interval for the years 2021-2024 and references the Chapter 15: Fall Economic Statement Implementation Act, 2023, specifically Part 2, the Digital Services Tax Act, and Section 96.

d of the registration number prise d’effet de l’inscription et du numéro d’inscription assigned to the taxpayer. qui lui est attribué. De-registration Retrait de l’inscription 43 (1) The Minister may, upon request by a taxpayer, 43 (1) Le...

AI summary This text outlines provisions related to the registration and de-registration of taxpayers under the Digital Services Tax Act, part of the Fall Economic Statement Implementation Act, 2023. It includes legal references and sections related to tax regulations and taxpayer eligibility criteria.

tion et du numéro d’inscription qui lui est attribué. DIVISION C SECTION C Returns Déclarations Requirement to file return Obligation de produire une déclaration 45 A taxpayer must file a return — in the form and man- 45 Un contribuable do...

AI summary The text outlines requirements for taxpayers to file returns in a prescribed form and by a specified deadline, with references to the Digital Services Tax Act and the Fall Economic Statement Implementation Act, 2023.

lendar year and the day on which quelle l’excédent a été payé, et se terminant à la date du remboursement. 2021-2022-2023-2024 304 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 323 of 546 Chapter 15: Fall Economic Stat...

AI summary This text outlines the process for extending the time to file a notice of objection to an assessment under the Digital Services Tax Act, if no objection has been filed within the time limited by the Act. The Minister may grant an extension upon application.

i- ministre doit, sans délai, qu’un appel de la décision de la tuted, Cour ait été ou puisse être interjeté ou non : (a) where the assessment has been referred back to a) d’une part, réexaminer la cotisation et en établir the Minister, rec...

AI summary The text discusses the legal process related to reassessments and refunds under a tax law, referencing the Fall Economic Statement Implementation Act, 2023 and the Digital Services Tax Act. It outlines procedures for reassessments and refunds based on court decisions.

4 Pour l’application de la Loi, le montant du « seuil de scope revenue threshold” is $20,000,000. revenu dans le champ d’application » est 20 000 000 $. Registration threshold Seuil d’inscription 5 For the purposes of Part 6 of the Act, th...

AI summary The text outlines various thresholds and rates under the Act, including the revenue threshold, registration threshold, prescribed tax rate, and deduction amount. These figures are set at $20,000,000, $10,000,000, 3%, and $20,000,000 respectively, and are part of the Digital Services Tax Regulations.

(b) under section 296 of the Act, assess, re- a) examine la demande; assess or make an additional assessment of the tax payable by the person under Division IV of b) établit, en vertu de l’article 296 de la même Part IX of the Act for any...

AI summary This text outlines the process for assessing taxes under Division IV of Part IX of the Act, specifically addressing the conditions under which an amount or part of an amount is not considered an external charge or qualifying consideration for a specified year.

Request IR-93: - Reference: N-3 - Per N-3, section 1.1, page 8, lines 22-26, it is stated that: - "Hundreds of detailed questions and requests for additional information from Customer - Representatives were responded to by NS Power and, th...

AI summary The document requests details on consensus outcomes reached by Customer Representatives and NSPI regarding OM&G expenses, rate base, working capital, regulatory amortizations, interest, and taxes under the GRA. It references N-3 and highlights collaboration during negotiations.

1 terms of being able to move forward with an Application to 3 I'm working from the confidential version, which sometimes 4 has a bit of a different page, I think. If we go to 5 I'm looking for Section 3 Part VI taxes. Down at the 6 bottom...

AI summary The text discusses a question raised during a regulatory proceeding regarding the inclusion of Part VI.1 taxes in regulated income taxes, despite a previous GRA decision to exclude them. The company is asked to explain its position on this matter.

NSP GENERAL/REGULATORY PANEL 717 Cr-ex, (Mahody) 1 but certainly could be something that was brought forward 12 modification to Nova Scotia Power's Application? 13 (Willett) Those items are A. 14 reflected in Nova Scotia Power's Applicatio...

AI summary The discussion revolves around the status of an exemption for regulated utilities under EIFEL and its potential impact on Nova Scotia Power's application. No update has been provided, and the exemption is not yet finalized. The parties agree to defer incremental tax expenses if the exemption is not enacted.

NSP GENERAL/REGULATORY PANEL 1023 Questions, (Chair) 1 were understood to be the ranking public officials on this 2 pay scale. 3 Q. And you also are aware that at 4 around the same time as government changed the senior 5 officials pay plan...

AI summary The discussion focuses on Nova Scotia Power's appeal regarding tax deductions disallowed by the Canada Revenue Agency and the timeline for the appeal to be heard in the Tax Court of Canada. The response indicates that the timing is currently unknown and may be impacted by external factors.

DOANE GRANT THORNTON PANEL 1111 Questions, (Deveau) 1 based on the way the information is being disclosed, but 8 the interim period and then to defend your position if you 9 didn't get that right when you interpreted it. 10 Q. Okay. Next w...

AI summary The discussion centers on the inclusion of Part VI.I taxes as a deduction in regulated income taxes, despite a 2022-2024 GRA decision directing their exclusion. The Board's instruction is being questioned, and an information request from Nova Scotia Power is referenced to clarify the discrepancy.