Topic:"Cost Considerations" in M03589

PROJECT SUMMARY: Wind power has been identified and demonstrated as a technology that will provide a significant contribution to GHG reduction. The Maritime Provinces have world·c1ass wind power potential. Wind power production is intermit...

AI summary Wind power contributes to GHG reduction but is intermittent, requiring ancillary services to balance supply and demand. The Maritime Provinces lack sufficient ancillary service resources, unlike regions with hydro and storage. Ancillary services are costly, with some sources reaching $10,000 per hour, plus carbon costs.

Table A2 from the Clean Energy Fund applicant guide. Costs for each activity and the types of cost apportioned to each activity by year. Year / Phase / Activity Expenditure Type (from Eligible Costs) Total Cost CEF Contribution Salaries an...

AI summary Table A2 from the Clean Energy Fund applicant guide outlines the costs for each activity and the types of cost apportioned to each activity by year. It includes expenditure types such as salaries and benefits, site visits, and travel, with corresponding total costs and CEF contributions.

Utility specific - 3) potential for lower cost ancillary services. - 4) avoided cost of carbon emissions and more expensive supply-side ancillary service options. To manage the financial risk of the project, an Oversight Committee reportin...

AI summary The text discusses potential cost savings from ancillary services and the avoidance of carbon emissions, as well as the establishment of an Oversight Committee to manage the financial risks of a project.

Table 3 Breakdown of Project Costs Other Costs % of Total Other Costs NBPower $12,275,000 54.2% NSPI $9,275,000 40.9% Maritime Electric $525,000 2.3% Commission $575,000 2.5% C. Funding allocation among Utilities- Fairness Formula

AI summary Table 3 provides a breakdown of project costs allocated among various entities, including NBPower, NSPI, Maritime Electric, and the Commission. The section titled 'Funding allocation among Utilities- Fairness Formula' suggests a discussion on how funds are distributed fairly among utilities.

Funding contributions are to be allocated among the Utilities based upon the following principles: - All Common Costs are to be paid from Shared Funding. - After the payment of all Common Costs, the balance of the Shared Funding remaining...

AI summary The document outlines the principles for allocating funding contributions among utilities, specifying that common costs are covered by shared funding and the remaining balance is distributed based on the relative project scope of each utility.

REDACTED 1 Request IR-3: 9 10 (c) Please explain what will occur if, part way through the project, it is discovered that 11 to do all of the proposed work, the estimated costs exceeds the $32.1 million, say by 12 $1 Million. 13 14 (d) Are...

AI summary The text outlines a request and response related to a project's funding and cost management. It asks about potential cost overruns, the possibility of an ATO request, clarification on funding sources, and the discrepancy in contingency amounts. The response mentions possible funding sources and timelines for identifying them.

NON-CONFIDENTIAL 1 Response IR-6: (cont'd) 2 - 3 (f) The $700,000 contingency is shown on page 3 of 4 of the work order application, under

AI summary The text references a contingency amount of $700,000 listed on page 3 of 4 of a work order application, indicating a financial consideration in a regulatory proceeding.

Request IR-6: - Reference Page 4 of 151, Project Funding Structure - a. Please provide details on the sources of the $2.4 million of NS Funding. - b. Does the total estimate of $32.1 million include any contingency? If not, please explain...

AI summary The document requests detailed information on the funding structure for a project, including the sources of $2.4 million in NS Funding, contingency inclusion in the $32.1 million estimate, cost overruns, potential ATO requests, and discrepancies in contingency amounts between notes and estimates.

Request IR-16: - Reference Page 70 of 151, "go/no go" decision points - a. Please provide an update on the "go/no go" decision points for this project. Document #: 183378 Date Filed: Nov. 2/10 Page 4 of6 - b. Please indicate points and/or...

AI summary The text contains a series of requests (IR-16 to IR-21) related to a project, including inquiries about decision points, reasons for exiting the project, innovative aspects, funding appropriation, financial discrepancies, cost inclusion of oversight and management expenses, and explanations of cost and formula details.