Topic:"Cost Recovery" in M12594

The Board understands that the positive variance is primarily attributable to a design modification that relocated the transformer away from the power plant building, eliminating the need for a fire suppression system. This change resulted...

AI summary The Board acknowledges a positive variance of approximately $354,000 due to a design modification that eliminated the need for a fire suppression system, despite additional costs in labour and administrative overhead. The project was completed in January 2024, with delays attributed to environmental remediation, personnel changes, and a 2025 cyber incident. The Board approves the final cost of $1,678,006 for the project.

The Board understands that the positive variance is primarily attributable to a design modification that relocated the transformer away from the power plant building, eliminating the need for a fire suppression system. This change resulted...

AI summary The Board acknowledges a positive variance due to a design modification that saved approximately $457,000, partially offset by increased labour and administrative costs, resulting in a net saving of $354,000. The project was completed in January 2024 after being placed in service in 2020, with delays attributed to environmental remediation, personnel changes, and a 2025 cyber incident. The Board approves the final cost of $1,678,006.