N-8NSPML (NSEB) RIR 1 to 44 - Redacted
19 passages
NON-CONFIDENTIAL 1 d) Please confirm that costs associated with managing these complex commercial 2 agreements (as asserted by NSPML) are accounted for in NSPML's O&M cost 3 projections. 4 i. If not confirmed, please explain. 5 e) Please d...
AI summary The document includes information requests and responses from NSPML regarding the management of complex commercial agreements, risks associated with managing these agreements, and the performance of the Maritime Link project. The responses outline the nature of these agreements and NSPML's role in managing them.
f such Emera Rights; " Emera Background IP " means the Intellectual Property Rights owned by Emera or its Affiliates which are Used in the Transmission Assets but which are not Emera Foreground IP; " Emera Default " has the meaning set for...
AI summary The text defines various legal and operational terms related to Emera's intellectual property, rights, and obligations, as well as references to agreements and legislation such as the Excise Tax Act (Canada).
the Parties, acting reasonably, and suitable for registration at the NL Registry of Companies and Deeds or a land registration office established under the Land Registration Act (Nova Scotia) or under the Personal Property Security Act (Ne...
AI summary The text defines key terms related to the Maritime Link project, including intellectual property rights, the Prime Rate, and the Project NDA. It outlines the transfer of interests from Emera to Nalcor and includes legal definitions such as 'Person' and 'Recipient Party'.
essments) as exigible in respect of real property located in NS and forming part of, or used for, the Maritime Link; - (ii) any requisite grants in lieu of real property taxes in respect of real property located in NS and forming part of,...
AI summary The text outlines various taxes and fees applicable to real property associated with the Maritime Link in Nova Scotia, including real property taxes, transfer taxes, and other taxes imposed under Applicable Law in NS.
10.2 Termination This Agreement shall terminate on the earliest to occur of any of the following events: - (a) [Intentionally deleted]; - (b) [Intentionally deleted]; - (c) the 35th anniversary of First Commercial Power; - (d) written agre...
AI summary The agreement outlines conditions for termination, including the 35th anniversary of First Commercial Power, mutual agreement to terminate, ownership of transmission assets by Nalcor or its affiliates, and termination of the Energy and Capacity Agreement.
12.3 Own Property Damage For the avoidance of doubt, it is the Parties' intent that, subject to any right a Party may have to seek compensation from a third party who caused the Loss or from insurance, each Party shall be responsible for a...
AI summary The Parties agree that each is responsible for Losses to its own property, including facilities, equipment, and materials on the site of Defined Assets, regardless of the cause, including O&M Activities or the actions of the other Party or its affiliates. This applies unless compensation from a third party or insurance is available.
Schedule 1 - Scheduling Protocol Schedule 2 - Nalcor Master Agreement Schedule 3 - Nalcor Master Agreement Modifications Schedule 4 - Description of Nalcor Progress Report Schedule 5 - Form of Balancing Service Agreement Schedule 6 - Form...
AI summary This document outlines the schedules and key components of an Energy Access Agreement, effective April 13, 2015. It includes protocols, master agreements, progress reports, service agreements, and dispute resolution procedures.
s the Transmission, Markets and Services Tariff issued by the ISO-NE, as it may be amended, restated, reissued or replaced from time to time; " Income Tax Act " means the Income Tax Act (Canada); " Incremental Cost Rate " means the rate in...
AI summary The document defines key terms related to energy tariffs, cost calculations, and legal provisions. It includes definitions for the Transmission, Markets and Services Tariff issued by ISO-NE, the Income Tax Act, Incremental Cost Rate, Indemnified Party, Indemnitor, and Initial EAA. These terms are relevant to energy generation, cost recovery, and legal obligations.
n [3.6(d)](#page-23-2) shall be Scheduled and delivered to NSPI by no later than the date that is 365 days following each applicable Original Date of Delivery; - (d) the Energy delivered by Nalcor to NSPI pursuant to Section [3.6(c)](#page...
AI summary This section outlines the rescheduling and delivery of energy by Nalcor to NSPI, ensuring equivalent economic value through replacement energy supplies and calculation methods based on Incremental Cost Rates.
(a) Nalcor and Emera Variance Amounts (i) Subject to Section [5.5(a)(ii)](#page-27-2) , in each Contract Year following a Variance Trigger Date, Emera shall make available to NSPI, in accordance with this Agreement, an amount of Energy tha...
AI summary This section outlines the Emera Variance Amount, which is the amount of Energy Emera must make available to NSPI in a Contract Year following a Variance Trigger Date, subject to a maximum of 300 GWh.
7.1 Credit Assurances The credit risk management provisions of the Nalcor Master Agreement will apply to each transaction for the sale of Nalcor Supplied Energy by Nalcor to NSPI pursuant to this Agreement. If a Variance occurs, the credit...
AI summary This section outlines the credit risk management provisions that apply to energy sales agreements between Nalcor and NSPI, as well as between Emera and NSPI, depending on the type of agreement and whether a PPA is in place.
- (b) if it intends to exercise its right to postpone delivery of Energy pursuant to Section 3.6 of the EAA, notify NSPI of same in accordance with such provision. - Step 2A Acceptance of Dispatch Plan - By no later than 1015 APT of the Pr...
AI summary The text outlines procedures for the scheduling and modification of energy dispatch plans, including steps for acceptance, confirmation, and adjustments in accordance with the Energy Access Agreement (EAA) and related transmission agreements.
ARTICLE TEN: MISCELLANEOUS - 10.1 Term of Master Agreement Immediately after the words "provided, however, that" in the third line, insert the words: "this Master Agreement shall not be terminated by either Party while the Energy Access Ag...
AI summary This section of the document outlines amendments to the Master Agreement, including modifications to the term of the agreement, representations and warranties, and the assignment section. These changes ensure the agreement remains in force during the Energy Access Agreement, update warranties to include ongoing obligations, and clarify terms related to the sale of electric energy and capacity.
he meaning set forth in the commencement of this Agreement [ This assumes that the Agreement will be entered into in the year preceding the In-Service Date of the Alternative Generation Facilities. ]; " Emera " has the meaning set forth in...
AI summary The text defines key terms and agreements related to energy and capacity, including definitions for Emera, Emera Affiliate Assignee, Energy Access Agreement, and Energy and Capacity Agreement, as well as references to legal acts and sections of the agreement.
2.6 Forgivable Events – Redelivery of Balancing Energy If, due to a Forgivable Event, Nalcor is not able to redeliver Balancing Energy to Emera at the Delivery Point in a quantity up to that of any Positive Imbalance, or Emera is not able...
AI summary This section outlines the handling of Undelivered Balancing Energy due to Forgivable Events, specifically Native Load Events. It details how the Balancing Fee is adjusted, the obligations for subsequent delivery of energy, and options for compensation if redelivery is not feasible within the First Two Balancing Periods.
FORM OF ASSIGNMENT AGREEMENT NSPML 2026 Assessment Application NSEB IR-26 Attachment 2 Page 200 of 246 [Prior to finalization, the form of assignment agreement will be attached, substantially in the form of the version that is attached to...
AI summary The document outlines a form of assignment agreement and a balancing service agreement as part of the NSPML 2026 Assessment Application. It references the Energy Access Agreement and mentions that the assignment agreement will be attached in a finalized version.
r pursuant to that agreement; (2) pursuant to the New Brunswick Transmission Rights Utilization Agreement had such Pre-FCP Surplus Energy been transmitted from the NS-NB Border to the NB-Maine Border pursuant to that agreement; and (3) pur...
AI summary This section outlines the procedure for determining the price of Pre-FCP Surplus Energy based on specific agreements and transmission rights, as well as the process for Emera's option to acquire such energy during defined weekly periods.
h Good Utility Practice, to either: - (A) acquire from third parties and then deliver to the NS Transmission System; or - (B) take steps to generate or cause to be generated, and then transmit Energy and Capacity equal to the Undelivered N...
AI summary The text outlines compensation and mitigation procedures for Emera if Nalcor fails to deliver the Nova Scotia Block. Emera can acquire energy and capacity from third parties or generate it themselves, with adjustments based on the net present value of ML O&M costs. If the Maritime Link is not complete, Emera must mitigate compensation damages by minimizing capital costs and AFUDC, with adjustments to the Undelivered Nova Scotia Block calculation.
(b) Late Delivery Procedure - (i) In respect of Compensation Energy, Emera shall deliver to Nalcor within 20 days or as soon as is reasonably practicable after the start of the period of non-delivery of Block B Undelivered Energy, and ther...
AI summary This section outlines the procedure for late delivery of Compensation Energy, requiring Emera to submit periodic statements to Nalcor, which may dispute these statements under the Dispute Resolution Procedure while continuing to schedule and deliver the disputed amounts.