Topic:"Contract Terms" in M12394

REDACTED 1 in the converter and related stations in the current period is approximately 2 costs will ramp up and down in accordance with the maintenance requirements and changes 3 in the contracts from period to period. 4 5 NSPML has not a...

AI summary The text discusses the fluctuation of costs related to the converter and related stations, which are influenced by maintenance requirements and contract changes. NSPML has not yet assessed the next contracting period and will continue evaluating the LTSA scope and costs based on operational risks and resourcing.

CONFIDENTIAL (ATTACHMENTS ONLY) 1 Response IR-01: 2 3 a, e, f, g & h) 4 5 The main step that will address the uncertainty associated with each aspect is securing the 6 contract(s) related to the scope and schedule of work. In order for the...

AI summary The response outlines the importance of securing contracts to address uncertainties in scope and schedule of work. It mentions that key inputs like scope definition and agreement terms are necessary for proposal pricing and that flexibility may be required in multi-year contracts. It also references anticipated marine surveys and converter station service agreements.

NSPML Responses to Nova Scotia Energy Board Information Requests 1 Request IR-03: 14 already embedded in NSPML's operating costs, to the new LTSA is considered 15 "material". 16 c) Please explain why NSPML is unable to estimate the costs f...

AI summary NSPML responds to Nova Scotia Energy Board information requests regarding the renewed LTSA, explaining that the contract is significant to NSPML due to its relationship with Hitachi and its impact on cost containment and stability. NSPML notes that the contract's costs are not considered material in an accounting sense but are important for operational and financial planning.

Elements Status of program 2027 2028 Aerial Inspection Program is in place – has been used for a number of years. Uses a contractor for helicopter operation and NSPML personnel for inspections. Planned for 2 campaigns per year, with option...

AI summary The document outlines the status of various inspection and management programs, including aerial, drone, and LiDAR surveys, as well as vegetation management planning. It highlights uncertainties around costs, supplier availability, and the need for new contracts starting in 2026. The programs are managed by NSPML and involve external contractors.

NON-CONFIDENTIAL Generally good cost history for previous VM approach but history may not be indicative of the future. Uses contractors to execute vegetation management activities. The contractor pool for Newfoundland work scope is small w...

AI summary The text discusses the vegetation management approach by NSPML, noting that while past costs were generally good, future costs may vary due to limited contractor competition. It also highlights a small backlog of minor corrective maintenance items and the need for a new contract starting in 2026.

ication of this Section [3.6(e)](#page-23-5) or Section [3.6(g)](#page-24-1) will constitute a Specified Dispute to be determined pursuant to Section 6 of the Dispute Resolution Procedure; - (f) The delivery of Redeliverable Energy, once S...

AI summary This section outlines the rescheduling of energy delivery obligations, specifying that postponements are only permissible under certain conditions, such as a Forgivable Event, and that contractual arrangements between Nalcor and NSPI will be adjusted to accommodate these changes.

7.3 Record Keeping and Audit Rights Each Party shall keep complete and accurate records and all other data required by it for the purpose of proper administration of this Agreement. All such records shall be maintained in accordance with G...

AI summary This section outlines the record-keeping and audit rights under the agreement, requiring parties to maintain accurate records and allow access for verification purposes. It also specifies the use of employees or third-party auditors, subject to confidentiality requirements, and the responsibility for associated costs.

11.1 Effect of Invoking Force Majeure and Notice - (a) If by reason of an event of Force Majeure, a Party is not reasonably able to fulfil an obligation, other than an obligation to pay or spend money, in accordance with the terms of this...

AI summary This section outlines the procedures for invoking Force Majeure under the agreement, including the obligation to notify the other parties, relief from obligations during the Force Majeure period, and the requirement to resume obligations as soon as possible. It also specifies how notices should be given for anticipated short-duration events.

ny reason, this contingency excuses performance for the duration of the interruption or curtailment notwithstanding the provisions of the definition of "Force Majeure" in Article 1.23 to the contrary. "Unit Firm" means, with respect to a T...

AI summary The text defines 'Unit Firm' and outlines conditions under which a Seller is not liable for failure to deliver under such a Transaction, including forced outages, unforeseen events, and Buyer's failure to perform.

Request IR-1: - In the Spring of 2025, NS Power suffered a cybersecurity incident. - a) Did this incident impact NSPML's operations, assets or information technology? - b) Are any proposed O&M costs for 2026 related to or affected by this...

AI summary The document outlines several requests for information regarding NSPML's operations, including the impact of a 2025 cybersecurity incident, the necessity of a marine survey following a cable protection project, risk mitigation strategies for vessel market changes, and the definition and implications of a 'material' contract related to a renewed LTSA with Hitachi.

1 2025 M12394 2 NOVA SCOTIA ENERGY BOARD 3 IN THE MATTER OF: The Public Utilities Act , and the Maritime Link Act , and the 4 Maritime Link Cost Recovery Process Regulations 5 IN THE MATTER OF: An Application by NSP Maritime Link Incorpora...

AI summary The Nova Scotia Energy Board has issued information requests to NSP Maritime Link Incorporated regarding asset management cost uncertainties, the marine survey RFP, contractual terms with Hitachi for converter stations, and annual payments under the contract since the Maritime Link has been in service.