B-1-(iii)Appendix 3 - HSV-2024-043-SREP02 Feasibility Study
6 passages
4.2 Customer Value The Factorydale Hydropower Plant Refurbishment delivers significant value to ratepayers by improving affordability, reliability, and environmental sustainability while supporting broader community benefits.
AI summary The Factorydale Hydropower Plant Refurbishment enhances affordability, reliability, and environmental sustainability while delivering community benefits. It positions hydropower as a key resource for ratepayer value through improved operational efficiency and reduced environmental impact.
• Affordability - o Upgraded turbine and generator systems increase energy efficiency, reducing operational costs and ensuring stable, competitive electricity rates. By extending the plant's operational life by 50 years, the project minimi...
AI summary Upgraded turbine and generator systems enhance energy efficiency, reducing operational costs and ensuring stable electricity rates. The 50-year operational life extension minimizes long-term capital expenditures. AMI upgrades enable affordable renewable energy access during periods of excess production from wind, solar, and hydro facilities.
4.5 Societal Benefits The Factorydale Hydropower Plant Refurbishment delivers societal benefits by enhancing energy affordability, reliability, and accessibility for Nova Scotians, especially those that are part of the Berwick Electric Com...
AI summary The Factorydale Hydropower Plant Refurbishment enhances energy affordability, reliability, and accessibility for Nova Scotians, particularly those on the Berwick Electric Commission (BEC) grid. It reduces energy costs for vulnerable households, improves grid reliability for rural customers, and enables future renewable energy initiatives like community solar gardens and battery storage, reducing energy poverty.
• Addressing Energy Affordability and Security o By modernizing the Factorydale plant, the project ensures the continued supply of renewable, cost-effective energy to the grid, directly benefiting communities that rely on affordable electr...
AI summary Modernizing the Factorydale plant ensures renewable, cost-effective energy supply, benefits communities with affordable electricity, and reduces outage risks for vulnerable customers.
• Improved Energy Affordability - o Metric : Percentage of BEC customers benefiting from stable or reduced energy rates due to increased renewable generation. - Target: At least 80% of BEC customers see stable or reduced electricity rates...
AI summary The metric focuses on ensuring at least 80% of BEC customers experience stable or reduced energy rates post-project implementation, with no rate increases due to capital investment. Measurement involves annual customer billing analysis pre- and post-implementation.
SECTION 5 METHODOLOGY TO MEASURE PROJECT RESULTS AND PERFORMANCE - Job Creation & Local Economic Impact - o Temporary Jobs: Create 20-25 local temporary construction jobs over 3 months. - Measurement Method: Employment records and contract...
AI summary Section 5 outlines methods to measure project outcomes, including job creation (20-25 temporary, 2-3 permanent roles), reliability improvements (30% outage reduction for rural/vulnerable customers via SCADA logs), and community engagement (3 public sessions targeting 10% customer participation). Metrics include employment records, outage logs, and attendance tracking.