B-12 Exhibits

Evidence of Membertou First Nation and Membertou Development Corporation 3/22/2011

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This document is an exhibit containing detailed financial and technical comments provided by Grupo Guascor S.L. regarding the revised COMFIT financial model worksheet for the 'Large Wind' category under the Renewable Electricity Regulations. It covers topics including modeling assumptions, inflation adjustments, investment benchmarks, project financing, capital structure, debt service reserve calculations, revenue considerations, tax treatment, depreciation methods, and various financial tables outlining the Nova Scotia Utility & Review Board FIT Model over multiple years.

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Filed in: M03632 — BRD-E-R-10 - Renewable Energy Community Feed-in Tariffs (COMFIT)see also M04523

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