N-1Climate Adaptation Plan
6 passages
2.1. Identification of Assets and Operations Critical to NS Power's Mission and Mandate The assessment and assignment of the Criticality of an asset is fundamental to NS Power's approach to risk evaluation and decision‐making. Criticality...
AI summary NS Power identifies critical assets based on their impact on health, safety, environment, and business sustainability. Criticality is assessed using a 1-5 scale defined by the Asset Management System Operating Procedure and aligns with the Capital Execution Justification Criteria (CEJC). Asset risk assessments are conducted by Asset Strategy Committees.
4.1. Asset Strategy Committees Climate risks are primarily evaluated through NS Power's Asset Strategy Committees (formerly known as Asset Reliability Teams). Asset Strategy Committees are multidisciplinary groups of engineers, scientists,...
AI summary NS Power evaluates climate risks through its Asset Strategy Committees, which develop asset management plans and integrate climate adaptation strategies into ongoing activities. These committees include engineers, scientists, and other experts who assess asset conditions and recommend mitigation strategies.
4.2. Asset Risk Assessment and Climate Integration NS Power utilizes a common enterprise-wide risk assessment methodology to evaluate asset risks across the organization. The process considers both the criticality of an asset and its condi...
AI summary NS Power uses a risk assessment methodology to evaluate asset risks, incorporating climate projections to guide investment and maintenance strategies. Climate variables such as wind, flooding, and temperature are considered to assess potential impacts on asset performance and safety. Risk mitigation actions, including design modifications and emergency preparedness, are managed through existing asset management processes.
Thermal Generating Stations Thermal assets experience increasing exposure to several climate hazards, particularly extreme precipitation and overland flooding, coastal flooding and storm surge, seasonal cooling-water temperature increases...
AI summary Thermal generating stations are increasingly exposed to climate risks such as flooding and rising water temperatures. NS Power is implementing measures like flood risk studies, system upgrades, and operational adjustments to mitigate these impacts. Hurricane Fiona highlighted the real-world implications of these risks.
6.3.1.5 Asset Strategy Committee Leads/Members - Become familiar with the key climate risks and associated impacts relevant to the particular asset class and, review available climate datasets relevant to those key climate risks and impact...
AI summary The Asset Strategy Committee is responsible for integrating climate risk assessments into asset management plans and ensuring climate adaptation strategies are considered in decision-making. NS Power's Asset Management System includes reporting mechanisms that track the effectiveness of these strategies and support continuous improvement.
- Coastal flood mitigation measures may require significant engineering and capital investment, particularly if high emission climate scenarios are expected to occur. - Managing biofouling, cooling water temperatures, and extreme precipita...
AI summary The text discusses the need for significant investment in coastal flood mitigation, ongoing operational adjustments for biofouling and cooling water temperatures, and planning for the retirement of thermal assets to align with adaptation investments.