W-1Report - Redacted
7 passages
2.1 GENERAL BTY has received a copy of the final executed versions of the Credit Agreement, dated December 19, 2025, the Management Services Agreement ("MSA"), dated March 4, 2025. BTY has not received executed copies of the ROW Clearing A...
AI summary BTY Consultancy Group Inc. has received executed copies of the Credit Agreement and Management Services Agreement but not several other contracts, which are still being finalized. BTY also received a construction report but no draw request, with current costs funded from alternative sources.
2.5 CONCLUSIONS Based on the information received by BTY and reported within this Independent Engineer Status Report, BTY is of the opinion that the Project can be completed for the total Project Budget of $684,684,600 (including AFUDC and...
AI summary BTY concludes the Project can be completed within a $684.68 million budget (including AFUDC and grants) with a Commercial In-service date before October 10, 2028, based on their analysis and the information received.
4.1 PAYMENTS (INDEPENDENT ENGINEER ADVANCE CERTIFICATE) As of the date of this report, no advanced under the IE's certificate have been approved as the Borrower has not submitted a draw request. BTY understands that costs incurred to date...
AI summary No advanced payments under the Independent Engineer's certificate have been approved as the Borrower has not submitted a draw request. BTY states that incurred costs will be funded from alternative sources.
2.1 GENERAL BTY has received a copy of the final executed versions of the Credit Agreement, dated December 19, 2025, the Management Services Agreement ("MSA"), dated March 4, 2025. BTY has not received executed copies of the ROW Clearing A...
AI summary BTY received executed copies of the Credit Agreement and MSA but not other construction-related contracts. The Borrower's February 2026 construction report was received without a draw request, with costs to date funded from alternative sources.
2.2 KEY INPUTS Site Visit Details Comments Date of site visit N/A BTY did not visit the site as there were no active construction activities ongoing. Project Schedule Financial Close December 19, 2025 Achieved Onslow Substation Constructio...
AI summary The project schedule for the Onslow, Salisbury, and Memramcook substations, along with the transmission line, is on track with completion dates set for 2027 and 2028. The original budget of $684,684,600 remains unchanged, and the Borrower will use alternative funding sources for project costs to date.
4.2 VARIATIONS ID Title Schedule Impact Capital Cost Total 4.3 VARIATION FUNDING
AI summary The document outlines sections related to variations and their funding, though specific details are missing due to incomplete data in the tables. It references topics such as capital costs and schedule impacts, suggesting a focus on financial planning and project management.
Wasoqonatl Transmission Line REPORT NUMBER 3 PERIOD ENDING MARCH 31, 2026 ISSUED MAY 15, 2026 Prepared for: The Project Lenders on behalf of Wasoqonatl Transmission Incorporated 127 John Street, Toronto, ON, M5V 2E2 T 416 596 9339
AI summary The report, prepared for the Project Lenders on behalf of Wasoqonatl Transmission Incorporated (WTI), covers the period ending March 31, 2026, and was issued on May 15, 2026. It includes a visual element but no detailed content.