Topic:"Demand Side Management" in M12394

12.1 Nalcor Indemnity Nalcor shall indemnify, defend, reimburse, release and save harmless Emera and its Affiliates and their respective directors, officers, managers, employees, agents and representatives, and the successors and permitted...

AI summary Nalcor is required to indemnify, defend, and reimburse the Emera Group for any claims arising from the gross negligence or wilful misconduct of any member of the Nalcor Group in connection with Nalcor's obligations under the agreement.

12.2 Emera Indemnity Emera shall indemnify, defend, reimburse, release and save harmless Nalcor and its Affiliates and their respective directors, officers, managers, employees, agents and representatives, and the successors and permitted...

AI summary Emera is required to indemnify the Nalcor Group against claims arising from the gross negligence or wilful misconduct of any member of the Emera Group in connection with Emera's obligations under the Agreement.

16.1 Nalcor Assignment Rights (a) General - Nalcor shall not be entitled to assign all or any portion of its interest in this Agreement, any Claim or any other agreement relating to any of the foregoing (collectively, the " Nalcor Rights "...

AI summary Section 16.1 outlines the conditions under which Nalcor can assign its rights under the agreement. Nalcor requires Emera's prior written consent for any assignment, except to its affiliates, provided that an agreement in the form of Schedule 3 is entered into. A change in control of a Nalcor Affiliate Assignee also requires Emera's consent. Any unauthorized assignment is void.

12.1 Nalcor Indemnity Nalcor shall indemnify, defend, reimburse, release and save harmless: - (a) Emera and its Affiliates other than NSPI and their respective directors, officers, managers, employees, agents and representatives, and the s...

AI summary This section outlines Nalcor's obligation to indemnify, defend, and reimburse the Emera Group and the NSPI Group against claims arising from the gross negligence or wilful misconduct of any member of the Nalcor Group in connection with Nalcor's obligations under the agreement.

14.5 NSPI Confidentiality Obligations Without limiting the provisions of this Agreement: - (a) NSPI shall keep confidential from Emera, NSPI's other Affiliates and their respective Representatives: the Nalcor Forecasts, any Nalcor Variance...

AI summary This section outlines NSPI's confidentiality obligations under the agreement, requiring it to keep certain information related to Nalcor and Emera, including forecasts, solicitation responses, and energy delivery details, confidential from specified parties.

9.1 Nalcor Indemnity Nalcor shall indemnify, defend, reimburse, release and save harmless Emera and its Affiliates and their respective directors, officers, managers, employees, agents and representatives, and the successors and permitted...

AI summary Nalcor Energy is required to indemnify Emera and its affiliates against claims arising from the gross negligence or wilful misconduct of any member of the Nalcor Group in connection with Nalcor's obligations under the agreement.

5.3.2 Market DCF Estimates Table 1 showed that real GDP growth has averaged 2.3% over the 1992 to 2024 period, which provides one potential estimate of long-term growth that could be used in the single-stage model, since one might expect l...

AI summary The text discusses market DCF estimates, including real and nominal GDP growth rates and their implications for long-term growth assumptions. It references the Bank of Canada's inflation target and uses the S&P/TSX Composite Index dividend yield to estimate implied equity returns for 2024.

EXPERT REPORTS - Drafted a report for the Ontario Energy Board that reviewed low-income energy assistance programs that have been implemented in other jurisdictions, including Canada, the United States, the United Kingdom, the European Uni...

AI summary The expert drafted reports for the Ontario Energy Board on low-income energy assistance programs and proposed revisions to gas distribution company demand-side management rules. The expert attended hearings, participated in workshops, and responded to stakeholder questions.

These weak long-term economic and demographic trends place downward pressure on NSPI's electric load growth, which is offset by increased demand for electricity due to population growth, electrification of buildings, electric vehicle charg...

AI summary NSPI is facing downward pressure on electric load growth due to weak economic and demographic trends, but increased demand from population growth, electrification, and solar installations is offsetting this. DSM programs and solar installations are projected to reduce load growth by 699 GWh and 627 GWh, respectively, over the next decade.

9 c. Volume/Demand Risk NSPI does not have a mechanism to mitigate volume/demand risk due to changes in volume attributable to weather, economic conditions, or energy efficiency and conservation programs. The significance of this risk has...

AI summary NSPI lacks mechanisms to mitigate volume/demand risk due to factors like weather, economic conditions, and energy efficiency programs. As more residential customers switch to electric heating, this risk has increased. Other Canadian utilities have mechanisms like revenue stabilization plans, weather-related variance accounts, and performance-based regulation to manage volumetric risk.

3 d. Conclusions on Business Risk of NSPI Compared to U.S. Electric 4 Utility Proxy Group 5 Based on the business risk analysis, we conclude that NSPI has similar business risk to the U.S. 6 Electric utility proxy group on many factors tha...

AI summary NSPI has similar business risk to the U.S. Electric utility proxy group in the short and intermediate term, but differences exist, including greater carbon transition risk due to reliance on coal and higher volumetric risk due to lack of a decoupling mechanism. NSPI also funds a DSM program but cannot recover lost revenues through an LRAM.

Submissions OEB staff submitted that the OEB's current practice of reviewing the prescribed interest rates for DVAs quarterly should be maintained, with updates only if the formulaic approach results in a change in interest rates of 25 bas...

AI summary OEB staff recommend maintaining the quarterly review of prescribed interest rates for DVAs, with updates only if changes exceed 25 basis points. They suggest using the Bloomberg ticker BVCAUA3M BVLI Index (3-month) for consistency with DSTDR and note three alternatives for calculating these rates, with option (2) being administratively simpler.

NOTICE OF INTERVENTION TO: The Nova Scotia Energy Board ("Board") AND TO: NSP Maritime Link Incorporated ("NSPML") - 1. PORT HAWKESBURY PAPER LP ("PHP") conducts its business in Nova Scotia, and is engaged in the manufacture of paper at it...

AI summary Port Hawkesbury Paper LP (PHP) is requesting intervenor status in a proceeding before the Nova Scotia Energy Board, as it purchases significant amounts of power under the ELIADC Tariff and has a vested interest in the matter.