If approved by the NSEB, overall average rates will increase across all customer classes by 2.1 per cent in 2026 and 2.1 per cent in 2027 with rates to be effective January 1 of each year. Residential rates are expected to increase by approximately 4.1 per cent in both 2026 and 2027. The Nova Scotia Energy Board will make a final determination on rates for each customer group. These rates include the benefit of up to $90 million in savings realized over the next two years (up to $225 million over the next 30 years) through a proposed securitization of more than $700 million of thermal assets planned to be retired by 2030 in order to meet federal and provincial environmental policies. Nova Scotia Power is working with stakeholders including the provincial government on this proposed securitization, which will require a separate NSEB approval process. The terms of this settlement, which include the continuation of the existing Return on Equity (ROE) target of 9 per cent and maximum equity thickness of 40 per cent, are expected to allow Nova Scotia Power to recover its costs and generate earnings within this ROE range to help ensure the Company remains compliant with key credit metrics to support its investment grade credit rating.