Topic:"Capital Expenditures" in M10504

Trenton 5 Retirement Plan Sustaining Capital Investments - In order for Trenton Unit 5 to operate through 2023/2024 winter operational restrictions will be required to avoid a turbine major refurbishment interval. These operational restric...

AI summary Trenton Unit 5 requires operational restrictions (max 1000 hours/year, minimal starts) from 2022–2024 to avoid a major refurbishment. If the unit is needed for the 2024/2025 winter, a refurbishment (including boiler life extension and turbine work) would be required in 2024 summer/fall.

Roadmap Item 3 states: Pursue economic reinvestment in existing hydro and combustion turbines with individual capital applications as applicable; economic justification as part of a capital application will be required to confirm decision...

AI summary The document outlines a roadmap for capital investment in existing hydro and combustion turbines, requiring economic justification for Mersey hydro redevelopment. It emphasizes sustaining capital investment in thermal units aligned with retirement classifications and monitoring reliability and investment levels to trigger further analyses if significant changes occur.

Renewable and Storage Costs – Capital Costs - NS Power reviewed NREL's Annual Technology Baseline (ATB) forecasts for renewables (onshore wind, solar) and storage (4HR Li-ion) to gauge capital cost changes from the 2020 IRP (ATB 2019 vs AT...

AI summary NS Power reviewed NREL's Annual Technology Baseline (ATB) forecasts for renewable and storage technologies to assess capital cost changes since the 2020 Integrated Resource Plan (IRP). The analysis uses constant 2019 dollars and compares current estimates to those in the 2020 IRP, focusing on material differences.

reen IRP process to play an important role in decision-making by NSPI and the Board, it needs to be more nimble to assess the impact of rapidly changing market conditions on resource planning options. One suggestion to streamline the proce...

AI summary The document suggests streamlining the Evergreen IRP process by focusing on high-impact assumption changes rather than full refreshes, ensuring alignment with capital expenditure decisions. It highlights the need for clearer connections between IRP updates and NSPI's system forecasts, referencing prior ACE Plan and 2021 System Outlook filings.

Attachment 2 NS Power Responses to Stakeholder Comments Theme Stakeholder Comment NS Power Response Evergreen Process and Timelines for Completion of Evergreen Modeling Small Business Advocate (SBA) Analysis should inform stakeholders on h...

AI summary NS Power responds to the Small Business Advocate's comment regarding the Evergreen Process and timelines for completing Evergreen Modeling. The response indicates that NS Power will align its evergreen updates with the 2020 IRP's purpose and terms of reference, ensuring clarity on the connection between resource planning and capital expenditures.

Rate Legislation - NS Power has been engaged in a General Rate Application (GRA) throughout 2022. Prior to a decision from the UARB, the Provincial Government introduced legislation on October 19, 2022 which, among other things, limits non...

AI summary NS Power's General Rate Application (GRA) in 2022 faced uncertainty after the Provincial Government introduced legislation (Bill 212) limiting non-fuel rate increases to 1.8% until 2024. This has paused investments in the Eastern Clean Energy Initiative (ECEI) and the Atlantic Loop, impacting NS Power's planned projects.

CT Financial Reporting – 2021/2022 Description 2021 2022 OM&G fixed - CT (diesel units) $689,996 $693,186 Sustaining Capital 2021 2022 Burnside-1 $2,165,499 $565,241 Burnside-2 $248,105 $182,846 Burnside-3 $248,011 $146,739 Burnside-4 $248...

AI summary The document provides financial reporting data for CT (Combined Cycle) operations and Sustaining Capital expenditures for the years 2021 and 2022, including costs for OM&G fixed, diesel units, and various Burnside and Victoria Junction projects.

Hydro Investment Roadmap Item 3 The sustaining capital for the fixed capital cost portion of the small hydro systems for 2022 is lower than the 2020 IRP assumptions (approximately 15%). The capital spend that was forecasted for the Mersey...

AI summary The sustaining capital for small hydro systems in 2022 is lower than the 2020 Integrated Resource Plan (IRP) assumptions due to deferred projects and updated capital spend forecasts. The Mersey system's capital spend has been deferred to refine project scope and engagement. These changes were incorporated into the ongoing evergreen IRP update and PLEXOS modeling.

ITEM 2: SUSTAINING CAPITAL Pursue economic reinvestment in existing hydro and combustion turbines with individual capital applications as applicable; economic justification as part of a capital application will be required to confirm a dec...

AI summary The document outlines sustaining capital strategies for existing hydro and thermal units, requiring economic justification for Mersey hydro redevelopment. It emphasizes monitoring IRP assumptions, unit reliability, and triggering ELCC/PRM studies for significant deviations.