Topic/Matter Intersection

Topic:"Innovative Financing" in M03589

Matter: CI# 40103 - P-510 - NSPI WO - Load Control Demonstration Project (U&U) - $4,293,793
4 passages 2 documents

Innovative Financing across all matters →

N-1Non-Confidential Work Order 10/4/2010 3 passages
Why do this project this way? p. p. 1
Why do this project this way? NSPI recognizes two principal alternatives to the proposed approach: - 1. Conduct the research independently. - 2. Wait for other jurisdictions to conduct the research and try to transfer the learnings to the...

AI summary NSPI prefers a joint Maritime research project with federal funding over conducting research independently or waiting for other jurisdictions, citing financial leverage, partner expertise, and unique regional benefits from wind resources and customer load characteristics.

BACKGROUND p. p. 8
BACKGROUND As laid out in Nova Scotia's recently released Renewable Electricity Plan, NSPI is required to increase the percentage of energy provided from renewable sources to 25% by 2015 with a goal of 40% by 2020. Wind generation has sign...

AI summary Nova Scotia Power Inc. (NSPI) is required to increase renewable energy production to 25% by 2015 and 40% by 2020. To address the intermittency of wind energy, NSPI and NB Power collaborated on a load control demonstration project, supported by the federal Clean Energy Fund (CEF). The project, valued at $32 million, aims to integrate intermittent renewable energy sources on the grid.

Why do this project this way? p. p. 14
Why do this project this way? NSPI recognizes two principal alternatives to the proposed approach: - 1. Conduct the research independently. - 2. Wait for other jurisdictions to conduct the research and try to transfer the learnings to the...

AI summary NSPI considers two alternatives to the proposed joint Maritime research approach: conducting research independently or waiting for other jurisdictions to do so. NSPI favors the joint approach due to financial leverage, federal funding, and the unique wind resource in the Maritimes, which may make results from other areas less applicable.

09014Project Update as directed by the Board 3/23/2012 1 passage
Section 3 p. p. 0
vember ~4/ 20n/ NS Power provided notice to the project partners that it was not able to secure this $2.4 million/ and that it would therefore adjust the scope of the Nova Scotia project accordingly. Subsequent to NS Power's notice regardi...

AI summary NS Power informed project partners it could not secure $2.4 million, leading to a reduced project scope in Nova Scotia. NB Power proposed increasing its investment in New Brunswick, leveraging freed-up NRCAN matching funds. This adjustment was accepted by Power Shift Atlantic's Executive Oversight Committee, allowing NRCAN to continue providing up to $6 million in matching funds.

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