Topic:"Accounting Standards" in M13042

1.1 Definitions In addition to the terms defined elsewhere in this Agreement, capitalized terms shall have the meanings ascribed to them below: Accounting Standards for Private Enterprises or ASPE - means the Accounting Standards for Priva...

AI summary This section defines key terms used in the Power Purchase Agreement, including accounting standards, interconnection equipment, affiliate relationships, and ancillary services, providing clarity on terminology used throughout the document.

reliable operation of the System in accordance with Good Utility Practice, as more particularly set out in the Transmission System Interconnection Requirements or Generator Interconnection Procedure. Annual Average Marginal Cost Rate – mea...

AI summary This section defines key terms related to utility operations and accounting principles, including the Annual Average Marginal Cost Rate, Applicable Accounting Principles, and the Board. It references the Income Tax Act and the Energy and Regulatory Boards Act.

regulations made thereunder. IESO – means the Nova Scotia Independent Energy System Operator, a body corporate established under Section 7(1) of the More Access to Energy Act, and its successors. IFRS - means the International Financial Re...

AI summary The text defines key terms related to energy regulation and financial reporting, including the IESO, IFRS, and roles such as Indemnitee and Independent Engineer. It outlines the Incremental Energy Rate and references legal sections and compliance standards.

ion System Interconnection Requirements published from time to time by the System Operator. Transmission Capital Recovery Factor – means 9 percent, as calculated by the Procurement Administrator. Transmission Credits Security – means the P...

AI summary The text defines several key terms related to system interconnection, transmission credits, and legal frameworks. It references the Transmission Capital Recovery Factor, Performance Security, and the Workers' Compensation Act, as well as the assignment of zones based on the location of interconnection points.

1.2 General Rules of Interpretation For the purposes of interpreting the Agreement: - (a) Words in the singular include the plural and vice versa. - (b) The use of the words "including" and "include" are not limiting. - (c) The words "here...

AI summary This section outlines general rules for interpreting the Agreement, including the use of singular and plural terms, non-limiting use of 'including', and the meaning of reference terms. It also defines the Fiscal Year and specifies that written consent is required for approvals.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary This section outlines the procedures for testing and maintaining revenue class metering equipment by NSPI. It specifies that meter accuracy must be within 2% of error limits, and if not, adjustments will be made. Both parties have the right to request tests and be present during meter sealing or unsealing.

urity shall be in the form of either: - (i) a Letter of Credit or such other credit support from a Person which is in the form and/or issued by a Person that is acceptable to NSPI acting reasonably. In respect of a Letter of Credit, the Se...

AI summary The text outlines the requirements for Performance Security in the form of a Letter of Credit or a Guarantee from an Eligible Guarantor. It specifies the obligations of the Seller to renew or replace such security and the conditions under which NSPI will return the original Guarantee.

APPENDIX D - SUMMARIZED STAKEHOLDER FEEDBACK ON PPA DRAFT #1 PPA Section Question Comment Response terrorism or military action, or any escalation thereof; (iv) any change in GAAP or other applicable accounting standards, except in the cas...

AI summary Stakeholders provided feedback on the draft PPA, suggesting modifications to definitions such as Force Majeure, Renewable Attribute Loss Rate, and Transmission Capital Recovery Factor. Comments also addressed the definition of Early Termination Payment and the scheduling of the Cybersecurity Plan Submission Date.

1 The previous Green Choice PPA had a Pre-COD Amount of $125,000/MW and post-COD Amount of $20,000/MW (Board order for M11455, dated June 6, 2024) Summary Stakeholder Comments Procurement Administrator Response Hydro -Quebec 2023 Call for...

AI summary The document discusses the Green Choice PPA, including the Pre-COD and post-COD amounts, inflation adjustment considerations, and the Local Benefits Report. It references a Board order (M11455) and compares the PPA terms with other jurisdictions, such as Hydro-Quebec and BC Hydro. NSPI is identified as the counterparty to the contract.

- b) stating that an independent party (other than NSPI) be responsible for validating compliance and enforcement, and potentially collecting payment - c) requiring NSPI (or independent party) to disburse any Shortfall payments to local or...

AI summary The text outlines proposals related to compliance validation, payment disbursement, and deadline extensions for Shortfall payments. It also discusses NSPI's role in administering the PPA, enforcing payment, and handling financial reporting of such payments in accordance with accounting and regulatory standards.

11 https://www.novascotia.ca/sites/default/files/documents/1-3582/nova-scotia-clean-power-plan-presentation-en.pdf 29. ERIS/NRIS The SBA questions whether what the threshold value for making a network upgrade decision has been determined a...

AI summary The SBA raises concerns about network upgrade thresholds and the IESO's capability to perform deliverability testing. The IESO NS recommends proceeding with the ERIS approach, removing certain provisions from the PPA. The SBA also inquires about the handling of Local Benefits Shortfall funding, which would be reported through standard financial mechanisms.

1.1 Definitions In addition to the terms defined elsewhere in this Agreement, capitalized terms shall have the meanings ascribed to them below: Accounting Standards for Private Enterprises or ASPE - means the Accounting Standards for Priva...

AI summary This section defines key terms used in the Power Purchase Agreement, including accounting standards, interconnection equipment, affiliate definitions, and ancillary services, ensuring clarity and consistency in the agreement's application.

1.1 Definitions In addition to the terms defined elsewhere in this Agreement, capitalized terms shall have the meanings ascribed to them below: Accounting Standards for Private Enterprises or ASPE - means the Accounting Standards for Priva...

AI summary This section defines key terms used in the Power Purchase Agreement, including accounting standards, interconnection equipment, affiliate relationships, and ancillary services, ensuring clarity and consistency in the agreement's application.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The section outlines procedures for testing and maintaining revenue class metering equipment by NSPI. It specifies that either party may request tests, and outlines the process for handling inaccuracies, including financial adjustments if meter accuracy exceeds a 2% variance.