N-7Third Filing of Revisions - NSPI Accounting Policy and Procedures Manual 9/24/2010
1 passage
REORGANIZATION AND PRIVATIZATION - 01 During 1992, the Province of Nova Scotia passed legislation to facilitate the reorganization and privatization of the business of Nova Scotia Power Corporation (NSPC). In effecting the reorganization,...
AI summary In 1992, Nova Scotia reorganized and privatized Nova Scotia Power Corporation (NSPC) by transferring its assets and liabilities to Nova Scotia Power Inc. (NSPI) through an Asset Transfer Agreement. NSPC was renamed Nova Scotia Power Finance Corporation (NSPFC) and retained long-term debt and sinking fund assets. The reorganization was accounted for using continuity of interest accounting.
06100Compliance Filing - Accounting Policy and Procedures Manual 1/11/2011
1 passage
POLICY - 01 The Audit Committee of the Board of Directors should be comprised of a minimum of three Directors, none of whom are officers or employees of the Company. - 02 As directed by the Nova Scotia Utility and Review Board ("UARB") in...
AI summary The document outlines the composition and responsibilities of the Audit Committee of the Board of Directors of Nova Scotia Power Inc. (NSPI), as directed by the Nova Scotia Utility and Review Board (UARB). It mandates that the Audit Committee include at least three directors not affiliated with the company and specifies that NSPI must use a different audit firm and have a different audit committee chair than Emera Inc.
Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →