Topic:"Affiliate Transactions" in M12394

REDACTED 1 f for the different inspection methodologies deployed, will continue to be subject to 2 8 appropriate practices, conditions at the time, priorities and other factors. 3 4 d) 1 NSPML believes the question intended to ask why "[NS...

AI summary NSPML explains that it transitioned to using an independent consultant for certain engineering services after the warranty period, as its staff became more competent and independent in resolving technical challenges. It notes that the cost of the independent consultant in 2024 was comparable to the cost of On-Site Engineering Services in 2023, as per M12182 RIR-26.

- (iv) Nalcor and its Affiliates are solely responsible for the payment of income taxes and HST payable by Nalcor and its Affiliates, as the case may be. - (e) NL Property/Local Taxes - Notwithstanding Section [5.7(a)](#page-106-3) but sub...

AI summary The text outlines the responsibility of Nalcor and its Affiliates for paying income taxes and HST, and Emera's obligation to pay various property and local taxes in NL and NS related to the Maritime Link project, including real property taxes, land transfer taxes, and other applicable taxes.

2.8 Nalcor Third Party Transactions Nothing in this Agreement will prohibit Nalcor or any Affiliate of Nalcor from selling to a third party or otherwise disposing of any Available Energy in respect of a Contract Year that: (a) Nalcor is no...

AI summary The section outlines conditions under which Nalcor or its affiliates may sell or dispose of Available Energy to third parties, excluding cases where NSPI is required to be offered the energy under specific bid terms.

4.2 Determination of Commitment Fulfilment For the purpose of determining the fulfilment of the Commitment by Nalcor, the amount of Energy that has been made available by Nalcor to NSPI in respect of each Contract Year will be calculated a...

AI summary The section outlines how the fulfillment of Nalcor's commitment to NSPI is determined by calculating the total energy made available during each Contract Year, including various categories such as supplied energy, bid energy, forecasted energy, and redeliverable energy, while accounting for exclusions and adjustments based on specific contractual provisions.

14.7 NSPI Affiliate Transactions NSPI may receive a request by, or directive from, the UARB to seek the production of certain books and records of Emera, and to produce such books and records to the UARB, in order for the UARB to: (a) exam...

AI summary This section outlines the procedures for NSPI to comply with requests from the UARB regarding Emera's books and records, ensuring market competitiveness and independence of the Agreement. NSPI must notify Emera of such requests, and Emera must disclose relevant information about its contracts with third parties. NSPI will seek assurances from the UARB for confidential treatment of disclosed information.