N-1Application
18 passages
1 2.0 PROJECT BACKGROUND 2 - 3 In 2007, NSPI conducted a market solicitation for renewable energy. The Company's renewable - 4 energy procurement process was reviewed by the Board which offered the following conclusions - 5 in a letter to...
AI summary In 2007, NSPI conducted a renewable energy procurement process reviewed by the Board, which concluded that the process met the RES requirements. The Board highlighted that NSPI oversubscribed the RES target, used threshold considerations to evaluate proposals, and included performance measures in the PPAs.
oard confirm it had no objection to NSPI proceeding 27 with the construction in advance of the work order approval (Appendix 3). Included in this letter 28 was a synopsis of the project background. 1 2 Following the 2007 competitive solici...
AI summary The document outlines NSPI's 2008 Power Purchase Agreement (PPA) with Skypower for a 30 MW wind farm in Digby, Nova Scotia, following a 2007 renewable energy solicitation. Skypower, then controlled by Lehman Bros., faced financial collapse after Lehman's 2008 bankruptcy, leading to project uncertainty and eventual failure to deliver energy under the PPA.
1 3.0 COMMERCIAL TRANSACTION 2 3 The transaction between NSPI and 324 NSL represents an asset purchase and payment for 4 development costs. 324 NSL is a wholly owned subsidiary of Emera Inc. NSPI acquired all of 5 the Project assets direct...
AI summary NSPI acquired Project assets from its affiliate 324 NSL, retaining the right to license the assets back for operation and maintenance. The transaction allows NSPI flexibility in meeting RES compliance while preserving project benefits for customers. The structure supports achieving compliance through other projects if needed.
3 Renewable Energy Standard Compliance 4 - 5 The Provincial RES mandates that by 2013, at least 10 percent of NSPI's energy sales must be - 6 generated by post-2001 renewable low impact generation facilities. The acquisition of this low -...
AI summary Nova Scotia's Renewable Energy Standard (RES) requires 10% of NSPI's energy sales by 2013 to come from post-2001 renewable sources. The Digby project, now owned by NSPI, will contribute to this goal if operational by 2011. Past PPA oversubscription issues led to a 2011 RES deadline extension, but NSPI's direct project control now reduces compliance risks and costs.
1.1 Tn this Agreement: - "Agreement" means tlllS Agreement and the attached Schedules A, Band C; - "Commissioned Date" means the date when the Project is commissioned and approved, as reported by the conunissioning report as described in A...
AI summary This section defines key terms in a Power Purchase Agreement (PPA), including metrics for project performance (e.g., Cumulative Production, Eligible Production), revenue calculations (Cumulative Revenue, Current Unit Value Received), and thresholds (Standard Threshold Price, Excess Value Received). These definitions establish the framework for measuring project outcomes and financial obligations under the agreement.
File #59 ll-S 17-2 - a) a leiter from the Proponent's lenders or other financing authority confmning that the fmancing of the Project has been arranged; - b) a letter from the manufacturer confinning the Proponent's purchase order of the m...
AI summary The text outlines requirements for a Proponent to confirm financing, equipment purchase, PPA, and construction start before the Minister issues a Notice of Construction Start. Non-compliance may lead to termination of the Agreement.
Why do this project now? In 2008, NSP[ signed Power Purchase Agreements (PPA) for seven projects, a number of which were challenged by the eCCInomic climate for project financing. All PPA projects were required to register for the federal...
AI summary In 2008, NSP signed PPAs for seven projects, which relied on the federal ecoENERGY incentive program (paying $101/MWh for 10 years). This incentive was critical to securing favorable PPA pricing and remains a key benefit. Projects must be operational by March 31, 2011, to qualify, and NSPI confirms the schedule allows timely development.
.... Document Name Date Parties Federal Coordination Notice May 8, 2009 Canadian Environmental Assessment Agency SkyPower Corp. Interim Mi'kmaq Ecological Knowledge Study May, 2009 The Confederacy of Mainland Mi'kmaq (CMM), Environmental S...
AI summary The document lists various regulatory and legal documents related to SkyPower Corp.'s activities, including approvals, permits, and agreements. Key entities involved include SkyPower Corp., Transport Canada, NavCanada, Nova Scotia Power Incorporated, and General Electric.
POWER PURCHASE AGREEMENT FOR RENEWABLE ENERGY This Power Purchase Agreement (PP A) is entered into as of March 31, 2008, between: and Nova Scotia Power Incorporated 1894 Barrington Street P.O. Box 910 Halifax, Nova Scotia B3J 2W5 SkyPower...
AI summary This document outlines a Power Purchase Agreement (PPA) between Nova Scotia Power Incorporated and SkyPower Corp. The agreement, dated March 31, 2008, involves a 30 MW renewable energy facility in Digby, Nova Scotia, and establishes the terms for the purchase of energy from the facility.
5. Energy Bid: (kWh/year); 6. Energy Source: Wind; 7. Scheduled Commercial Operation Date: D December 31, 2009; 8. Pre-COD Amount: (representing Name Plate Capacity of the Facility); g multiplied by the number of megawatts of 9. Post COD A...
AI summary The document outlines a renewable energy bid for wind power, including key details such as the scheduled commercial operation date, pre- and post-COD amounts, and the renewable attribute loss rate. It also includes the parties involved in the agreement, including Scotia Power Incorporated and SkyPower Corp., along with their representatives.
onal to any defences or counter-claims available to the Indemnitor, or - (v) the insurers of the Indemnitee exercise any right of defence under any policy responding to such claim or other proceeding, then the Indemnitee shall have the rig...
AI summary This section outlines indemnification obligations under a Power Purchase Agreement (PPA), specifying that the Indemnitor must cover the Indemnitee's costs if insurance proceeds are insufficient. The Indemnitee may participate in defense proceedings at the Indemnitor's expense, with consent required for settlements. The Indemnitor must keep the Indemnitee informed throughout the process.
ct or any law of Canada or any province thereof or of the jurisdiction in which the Licensee is incorporated relating to bankruptcy or insolvency then in force or the Licensee becomes insolvent or makes a general assignment for the benefit...
AI summary The text outlines conditions for default under a licensing agreement, including insolvency, unauthorized assignment of rights, and breaches of the Power Purchase Agreement (PPA). It specifies the Licensor's remedies, such as terminating the license and repossessing assets upon default events.
h) Subject to the Option, on termination or surrender of this Agreement, to turn over possession of any of the Licensed Assets and the Project to the Licensor. (h) Subject to the Option, on termination or surrender ofthis Agreement, to tur...
AI summary The Licensor agrees to transfer Licensed Assets and the Project to the Licensor upon termination or surrender. The Licensor must complete the Project using Good Utility Practices, comply with laws, and meet the Commercial Operation Date as per the Power Purchase Agreement.
null and void if the Licensee has not delivered the Exercise Notice to the Licensor prior to the occurrence of the earliest of the following events: - (a) The Parties mutually agree on a expiration date; - (b) The Power Purchase Agreement...
AI summary The license becomes null and void if the Licensee fails to deliver the Exercise Notice before the earliest of: mutual agreement on expiration, PPA termination, or UARB approval of capital expenditures under the Public Utilities Act (Nova Scotia).
ns contemplated by this Agreement, provided such documents, instruments or actions are consistent with the provisions of this Agreement and good utility practices, including without limitation, such amendments to this Agreement that may be...
AI summary The text outlines provisions for amendments to an agreement, ensuring consistency with good utility practices and the agreement's terms. Expenses related to such amendments are to be borne by the parties involved.
٠. Document Name Date Parties Approval 2008 SkyPower Corp. Transport Canada MET Tower Approval August 29, 2008 Transport Canada SkyPower Corp. Transport Canada MET Tower Approval August 29, 2008 Transport Canada SkyPower Corp. Transport Ca...
AI summary The document lists various approvals and agreements related to a wind power project involving SkyPower Corp., including permits, contracts, and approvals from Transport Canada, NavCanada, and General Electric. These documents cover the project's development from 2008 to 2009.
. 1 " ÷ į. Į: ; }; Document Name Da ate . Parties Approval . 20 008 SkyPower Corp. Transport Canada MET T Approval ıgust 29, 108 Transport Canada SkyPower Corp. Transport Canada MET 1 Approval igust 29, 08 Transport Canada SkyPower Corp. T...
AI summary The document lists various approvals, permits, and contracts related to SkyPower Corp.'s wind turbine projects in Nova Scotia, including approvals from Transport Canada, NavCanada, and municipal authorities, as well as contracts with General Electric.
GENERAL CONDITIONS
AI summary The document outlines general conditions for regulatory proceedings in Nova Scotia, including definitions of key terms and acronyms relevant to energy regulation, procurement, and compliance. It provides a framework for understanding technical, financial, and legal aspects of energy projects and regulatory processes.
N-3-(a)Redacted NSPI Response to UARB IR-1 to IR-12 (att 2)
15 passages
Chronology of Major Events for the Digby Wind Project Date Event Parties Explanation / Significance ments Docu mber 5, 2007 Nove RESL Point Tupper mherst Earthfirst Nuttby Airtricity Digby MS Dalhousie Maryvale mendation: RESL Digby Wind A...
AI summary The chronology outlines key events in the Digby Wind Project, including the evaluation of proposals by NSPI, the selection of RESL Point Tupper, and the rejection of other proposals due to cost considerations. It also mentions PPA negotiations and correspondence between NSPI, the Minister of Energy, and the ARB.
2007 RFP for Renewable Energy Pursuant to Section 3 of the Renewable Energy Standards Regulations (the "Regulations"), the Acting Minister of Energy by letter dated November 2, 2007, requested the Nova Scotia Utility and Review Board (the...
AI summary The Nova Scotia Utility and Review Board evaluated NSPI's 2007 RFP process for renewable energy, concluding it met RES standards. Key factors included oversubscription, rigorous project evaluation, performance security in PPAs, and effective threshold considerations. The Board emphasized the quality of proposals and risk allocation in the PPA template.
3. Items Covered by Board Staff The N.S. Government Renewable Energy Standards (RES) require that a certain percentage of NSPI energy sales be met by renewable energy sources, i.e. 5% by 2010 and 10% by 2013. The 2010 standard must be met...
AI summary Nova Scotia's Renewable Energy Standards (RES) require NSPI to source 5% of energy sales from renewables by 2010 via PPAs with IPPs. NSPI's ability to meet RES hinges on project developers' performance in achieving in-service dates and energy output. The text references a 2006 KEMA report on mitigating procurement risks in renewable energy contracts.
4. Capacity Oversubscription The KEMA report states that" ... the experience presented in this report suggests that an overall failure rate of 20%-30% should likely be considered the minimum level of expected failure for large RFOs conduct...
AI summary NSPI oversubscribed the 2007 RFP for renewable energy, negotiating 240 MW despite the 130 MW request. The KEMA report highlights risks of failure rates in large RFOs, while NS government regulations set RES targets for 2010 and 2013. NSPI's energy oversubscription exceeds 30%, with Board Staff concluding it is reasonable despite trade-offs between penalties and higher costs.
amages, including liquidated damages, depends simply upon whether or not there has been a breach of contract and it would be almost unheard of for such a contract to recognize a due diligence defence. On the other hand, the imposition of r...
AI summary The letter discusses legal considerations in Power Purchase Agreements (PPAs) between Nova Scotia Power Inc. (NSPI) and independent power producers, emphasizing that NSPI's liability for regulatory penalties under the Renewable Energy Standards Regulations depends on due diligence. It notes ongoing negotiations to adjust PPA terms, including liquidated damages, and concludes that the March 2007 RFP template PPA was reasonable.
MCKINNON, PAMELA From: Sent: Cory Basil [[email protected]] Thursday, February 28, 2008 2:42 PM To: MCKINNON, PAMELA Subject: Sky Power - Digby Project Pricing Pam, Thanks for taking the time to speak with me over the past few days a...
AI summary Cory Basil of SkyPower Corp informs Pamela McKinnon of a revised price for the 30 MW Digby wind project, citing improved foreign exchange rates, lower interest rates, and enhanced wind assessments. The bid includes a 20-year PPA with a fixed levelized price and interconnection costs, targeting a 37.63% capacity factor and 98.9 GWh/year energy production.
Dear Mr. Basil: Skypower's proposal submitted in response to Nova Scotia Power Inc.'s ("NSPI") Request for Proposals for 130 MW of Renewable Energy (the "RFP") was not selected for negotiation. NSPI is, however, prepared to enter into sepa...
AI summary NSPI has not selected Skypower's proposal for negotiation but is willing to negotiate a PPA if acceptable terms can be reached. NSPI has outlined specific terms and deadlines for the negotiation process, including a deadline for execution of the PPA and a schedule for meetings and drafts. NSPI retains the right to terminate negotiations at any time and is not liable if negotiations fail.
Background In 2007 NSPI conducted a solicitation process to procure renewable energy. A request for proposals for 130 MW was released March 12, 2007 and closed August 30, 2007. Due to the strength of the proposals received, the potential v...
AI summary In 2007, NSPI conducted a solicitation process for renewable energy, increasing the contracted capacity from 130 MW to 245 MW. Negotiations for a 25-year PPA with Airtricity for a 34 MW project at Digby faced challenges due to E.On's acquisition of Airtricity and European reporting requirements, which limited the PPA term to 16 years and increased energy costs.
The projects that h ad I been selecte d fo r r negotiations were those that were the lowest cost to NSPI customers. Due to the lapse of time, the 2007 RFP is now legally closed. It was determined that if were able to reduce their prices to...
AI summary The 2007 RFP is now legally closed due to the lapse of time. It was determined that if proponents could reduce their prices to match those of successful ones, the RFP results would serve as a market indicator for a sole sourcing arrangement.
Appendix C October 9, 2007 James Taylor Nova Scotia Power Inc. P.O. Box 910 Halifax, Nova Scotia B3J 2W5 Dear Mr. Taylor: Re: Digby Wind Farm Last week, Airtricity Holdings Ltd. announced the sale of its North American business to E.ON Ren...
AI summary Airtricity Canada informs Nova Scotia Power Inc. (NSPI) of E.ON Renewables' acquisition of Airtricity Canada, which supports the Digby Wind Farm project's funding and turbine procurement. However, subsequent correspondence reveals NSPI and E.ON Climate & Renewables (EC&R) cannot agree on Power Purchase Agreement (PPA) terms, leading to project cancellation and forfeiture of a $25,000 deposit.
Send Electronically and by Courier Nova Scotia Power Incorporated P.O. Box 910 Halifax, NS B3J 2W5 Attention: Mr. Rob Bennett President & Chief Executive Officer Nova Scotia Power Inc. [email protected] with a copy to: Mr. Rick Smith...
AI summary SkyPower and Scotian Windfields request a six-month extension to the Scheduled Commercial Operation Date in the PPA for the Digby Wind Power Project due to global financial market instability hindering project financing. They emphasize continued development efforts and seek NSPI's approval to adjust Net Output measurement periods without altering other PPA terms.
( I 2.2.2.1.3.3 Geotechnical Investigation, Final Report June 3,2009 Strum Environmental SkyPower Corp. 2.2.2.8.7 Transport Canada MET Tower Approval August 29, 2008 TranspOli Canada SkyPower Corp. 2.2.2.8.8 TransjJOli Canada MET Tower App...
AI summary The text lists various approvals and permits related to a wind power project, including geotechnical investigations, MET tower approvals, power purchase agreements, and building permits, with SkyPower Corp. and Nova Scotia Power Incorporated as key entities involved.
NON-CONFIDENTIAL 1 Request IR-4: 19 of the leases? Please provide copies of all relevant leases. 20 21 (f) Have all easements or licenses for access to the 56 properties been obtained? If not, 22 what is the status of access? Please provid...
AI summary The text includes several requests and responses related to a regulatory proceeding, focusing on lease agreements, easements, PPA security transfer, licensing for RES compliance, and project costs for the Digby Wind Project. It also mentions the ecoENERGY benefit and its impact on fuel expense through the Fuel Adjustment Mechanism.
Construction costs associated with Digby Wind Project Paid by NSPI to 3240384 Nova Scotia Limited 1 Request IR-6: 7 (ii) Does this contract include the Operating and Maintenance Agreement 8 mentioned on lines 13-15 of Page 17 of 26 of the...
AI summary The document outlines several requests related to the Digby Wind Project, including inquiries about the Operating and Maintenance Agreement, the Assignment Agreement, Harmonized Sales Tax implications, environmental approvals, and employment matters. These questions are aimed at clarifying contractual obligations, tax implications, regulatory compliance, and operational details of the project.
NON-CONFIDENTIAL 1 Request IR-8: 2 3 Reference Appendix 4, Asset Purchase Agreement 4 5 Schedule A, Page 24 of 50 lists an Agreement dated December, 2009 between Scotian 6 Windfields Inc. and 3240384 Nova Scotia Limited. Please provide a c...
AI summary The text contains requests and responses related to the provision of specific agreements and details about a power project. Request IR-8 asks for a copy of an asset purchase agreement, while Request IR-9 asks for the Project Description and details about the Point of Isolation and Point of Interconnection. Responses reference attachments and provide locations for these points.
N-3-(b)Redacted NSPI Response to UARB IR-12 (att 7-10) to IR-17
17 passages
Digby Project Overview - Ç 30 MW Power Purchase Agreement with Nova Scotia Power - Ç Will assist in meetin g the Renewable Energy Standards set by Nova Scotia's Department of Energy - Ç20 GE turbines - ÇExpected construction in 2009 - Ç Pr...
AI summary The Digby Project involves a 30 MW Power Purchase Agreement with Nova Scotia Power, utilizing 20 GE turbines on 2800 acres of private land near existing infrastructure, aiming to meet Nova Scotia's Renewable Energy Standards by 2009.
1 Request IR-13: 14 represented the total amount of security required under Section 11.5 and as specified in 15 Appendix B of the GIA. Subsequent to the transfer of project ownership from 324 NSL 16 to NSPI, the GIA was assigned to NSPI an...
AI summary The text discusses the transfer of project ownership from 324 NSL to NSPI, the release of security held by 324 NSL, and the establishment of a project number within NSPI for cost allocation. It also references the need to upgrade metering due to increased load flows from the Digby Wind Project and the clarification of the 'point of delivery' term between the GIA and PPA.
SkyPower Corp. Form of Agreement Section 00 53 43 Digby Wind Power (Stipulated Price) Page 2 Contract 090630.00 June 17, 2009 ARTICLE A3 - CONTRACT DOCUMENTS
AI summary This section outlines the contract documents for the Digby Wind Power project, which is part of a stipulated price agreement with Contract 090630.00 dated June 17, 2009.
.3 All amounts shall be in Canadian funds. Contract Price excludes HST and Contingency Allowance. SkyPower Corp. Form of Agreement Section 00 53 43 Digby Wind Power (Stipulated Price) Page 5 Contract 090630.00 June 17, 2009
AI summary The contract between SkyPower Corp. and Nova Scotia Power Inc. specifies that all amounts are in Canadian funds, and the Contract Price excludes HST and Contingency Allowance. This is part of the Digby Wind Power project agreement.
- .2 EEMAC2B-1, Wet Process Porcelain Insulators (Spool Type). SkyPower Corporation Digby Wind Power Project Contract 090630.00 Electrical Pole Lines and Hardware Section 33 71 20 Page 2 June 2009 SkyPower Corporation Digby Wind Power Proj...
AI summary This section of the document outlines specifications for guy wires, anchors, and primary conductors for the Digby Wind Power Project under Contract 090630.00. It details materials and standards, such as CSA G12 for guy wires and CSA C83 for anchor plates.
1 FORWARD - 1.1 The joint venture partners SkyPower Corp. and Scotian WindFields Inc. signed a long term Power Purchase Agreement (PPA) with Nova Scotia Power to supply renewable power in the form of wind generation. The project will consi...
AI summary SkyPower Corp. and Scotian WindFields Inc. have entered into a long-term Power Purchase Agreement with Nova Scotia Power to supply wind-generated renewable energy. The project involves 20 GE 1.5sle wind turbines and a substation located near the NSPI Conway substation, approximately 10.6 km away. The turbines are situated on private properties along Gulliver's Cove Road in the Municipality of the District of Digby, Nova Scotia.
1 DEFINITIONS - 1.1 "Balance of Plant" means all equipment, tools, labour, and services not directly associated with the supply of the facility wind turbines. - 1.2 "Bidder" means a person, firm or corporation who propose to submit, or who...
AI summary This section defines key terms related to a contract for the supply and installation of equipment, including definitions for parties involved, timelines, and procedures for changes and payments. It outlines roles such as the Owner, Vendor, Purchaser, and Engineer, and specifies the location of the installation at the Digby Wind Farm Substation.
5 INFORMATION WITH QUOTATION - 5.1 Quotations shall be accompanied with all data requested in the Technical Specifications. - 5.2 All Bidders must bid against the enclosed specification. In the case where a Bidder wishes to bid an alternat...
AI summary The section outlines requirements for quotations, including the need to provide all requested data, bidding against specifications, and submitting timelines with estimated durations and major milestones.
8 OPERATIONS AND MAINTENANCE MANUALS - 8.1 The Vendor shall furnish to the Owner, through the Engineer, six (6) hard copies and one (1) electronic copy in Adobe Portable Document Format ("pdf") of operations and maintenance manuals specify...
AI summary The vendor is required to provide six hard copies and one electronic copy of operations and maintenance manuals to the owner through the engineer, covering various aspects such as installation, maintenance, safety, and testing procedures. The material must be provided at least 30 days before the scheduled shipment of equipment.
12 AMENDMENT OR WITHDRAWAL OF QUOTATION - 12.1 Quotations may be amended or withdrawn by letter or facsimile prior to date and time of closing. - 12.2 Head amendment or withdrawal as follows: "Amendment/Withdrawal of Quotation Digby Wind P...
AI summary This section outlines the procedures for amending or withdrawing quotations, specifically for the Digby Wind Power Project – HV Circuit Breaker, Quotation 090630-SP-E01. It requires that amendments or withdrawals be submitted by letter or facsimile before the closing date and time, and must be signed and sealed.
13 RIGHT TO ACCEPT OR REJECT ANY QUOTATION - 13.1 The Purchaser reserves the right to waive any irregularity and to accept or reject any offer whatsoever. - 13.2 Quotations, which in the opinion of the Purchaser are considered to be inform...
AI summary The Purchaser has the right to accept or reject any quotation, including those deemed informal or unbalanced. Selection of a Bidder is based on technical, delivery, warranty, and commercial factors, not necessarily the lowest tender.
SCHEDULE OF VENDOR TECHNICAL DAT × FOF REV IEW (C FINA СОРУ FA) (C ERTIF IED) ITEM: RACTOR: DOCUMENT TO BE ISSUED BY COPIES OF EACH CC PRECEDE BY ELECTRONIC COPY/FAX ISSUE WEEK NO. REVIEW BY RETURN BY WEEK NO. ISSUE WEEK NO. REVIEW BY RETU...
AI summary The document outlines a schedule for the issuance and review of various technical documents required by a contractor in a project. It includes items such as technical specifications, quotations, conformity statements, and test reports, along with deadlines for submission and review.
2 QUOTATIONS SUBMISSION 2.1 Submit complete quotation—including completed Form of Quotation, Appendices 1-3, and proposed layout drawing(s)—in Adobe Portable Document Format ("pdf"), or similar electronic format approved by the Engineer, v...
AI summary The document outlines the submission requirements for quotations related to the Reactive Power Static Compensator (STATCOM) System for the Digby Wind Power Project. It specifies the format, delivery method, deadlines, and content requirements for the quotations, emphasizing the need for completeness and compliance.
1 FORWARD - 1.1 The joint venture partners SkyPower Corp. and Scotian WindFields Inc. signed a long term Power Purchase Agreement (PPA) with Nova Scotia Power to supply renewable power in the form of wind generation. The project will consi...
AI summary SkyPower Corp. and Scotian WindFields Inc. have signed a long-term PPA with Nova Scotia Power to supply wind-generated renewable energy. The Digby Wind Power Project will include 20 GE 1.5 MW wind turbines and a substation located near the NSPI Conway substation, approximately 10.6 km away.
5 INFORMATION WITH QUOTATION - 5.1 Quotations shall be accompanied with all data requested in the Technical Specifications. - 5.2 All Bidders must bid against the enclosed specification. In the case where a Bidder wishes to bid an alternat...
AI summary The section outlines requirements for quotations, including the need to provide all requested data, bidding against specifications, and submitting timelines with estimated durations and major milestones.
8 OPERATIONS AND MAINTENANCE MANUALS - 8.1 The Vendor shall furnish to the Owner, through the Engineer, six (6) hard copies and one (1) electronic copy in Adobe Portable Document Format ("pdf") of operations and maintenance manuals specify...
AI summary The vendor is required to provide six hard copies and one electronic copy of operations and maintenance manuals to the owner through the engineer, covering various aspects such as installation, maintenance, safety, and testing procedures. The material must be provided at least 30 days before the scheduled shipment of equipment.
11 AMENDMENT OR WITHDRAWAL OF QUOTATION - 11.1 Quotations may be amended or withdrawn by letter or facsimile prior to date and time of closing. - 11.2 Head amendment or withdrawal as follows: "Amendment/Withdrawal of Quotation Digby Wind P...
AI summary This section outlines the procedures for amending or withdrawing quotations, specifically for the Digby Wind Power Project's Pad Mounted Transformer quotation. It requires formal submission via letter or facsimile prior to the closing date and time.
N-5Revised Appendix 6 of Application - License to Use Assets and Option Agreement) (inserted in Application)
8 passages
WHEREAS: - A. The Licensor, as purchaser, and the Licensee, as vendor, entered into an asset purchase agreement dated May 28, 2010 (the "Purchase Agreemenf') whereby the Licensee agreed to sell to the Licensor the Purchased Assets (as defi...
AI summary The document outlines an agreement between the Licensor and Licensee regarding the purchase and licensing of certain assets. A key condition is the Licensee's right to use the assets and an option to re-purchase them for the operation of the Project. The agreement is supported by mutual covenants and a nominal payment.
reement" means a power purchase agreement nlade between Interwind Corp. (formerly SkyPower Corp.) and the Licensor dated March 31, 2008, and assigned by Interwind Corp. to the Licensee, v/ith the Consent of the Licensor pursuant to an Assi...
AI summary The text defines a 'power purchase agreement' between Interwind Corp. and the Licensor, dated March 31, 2008, which was later assigned to the Licensee with the Licensor's consent on December 23, 2009.
ARTICLE 3 GRANT O:F LICENSE - 3.1 License. Subject to' the terms herein, the Licensor grants to the Licensee an exclusive,' nontransferable, nonassignable license, without the right to grant sublicenses, to use the Licensed Assets and all...
AI summary This article outlines the terms of the license granted by the Licensor to the Licensee for the operation and maintenance of the Project and the sale of energy generated by the Project. The license is subject to the Power Purchase Agreement and terminates upon its expiration. The Licensee must pay an annual license fee based on sales revenue from energy sales.
ARTICLES COVENANTS - 5.1 Covenants ofLicensee. The Licensee hereby covenants with Licensor: - (a) To pay the Licensee Fee to the Licensor as set out in Section 3.4; - (b) To comply at all times with any requirements, regulations, terms or...
AI summary The document outlines the covenants of the Licensee and Licensor under a licensing agreement. The Licensee is required to pay fees, comply with regulations, maintain insurance, and ensure the Project and Licensed Assets are in good condition. The Licensor is responsible for completing the Project using good utility practices and achieving the Commercial Operation Date as per the Power Purchase Agreement.
the Licensee has not delivered the Exercise Notice to the Licensor prior to the OCCUl1'ence ofthe earliest ofthe following events: - (a) The Parties mutually agree on a expiration date; - (b) The Power Purchase Agreement expires or is othe...
AI summary The Licensee is required to deliver an Exercise Notice to the Licensor before the earliest of three events: mutual agreement on an expiration date, the Power Purchase Agreement expiring or being terminated, or the DARB approving the Licensor's capital expenditure application under the Public Utilities Act.
6.5 TerminatiQn of Power Purchase Agreement Upon the expiration of the Option in accordance with Section 6.4(c) hereof, the parties mutually agree to tenninate the Power Purchase Agreement and the Licensor shall retulTI to the Licensee the...
AI summary This section outlines the termination of the Power Purchase Agreement upon the expiration of the Option as specified in Section 6.4(c). Upon termination, the Licensor will return the performance security to the Licensee.
6.7 Expiration of Put Rights. The put rights of the Licensor herein shall autolnatically expire and be null and void if the Licensor has not delivered a Put Notice to the Licensee prior to the occurrence ofthe earliest ofthe following even...
AI summary This section outlines the conditions under which the Licensor's put rights automatically expire, including mutual agreement on an expiration date, the expiration of the Power Purchase Agreement, or 30 days after a DARB decision on a capital expenditure application, with a stay if an appeal is filed.
. Document Name Date Parties Approval 2008 SkyPower Corp. Transport Canada MET Tower Approval August 29, 2008 Transport Canada SkyPower Corp. Transport Canada MET Tower Approval August 29, 2008 Transport Canada SkyPower Corp. Transport Can...
AI summary The document lists various approvals and agreements related to a wind power project involving SkyPower Corp., including permits, contracts, and approvals from Transport Canada, NavCanada, and General Electric. These documents span dates from 2008 to 2009.
06537Board Decision
13 passages
- [5] In the matter at hand, NSPI is requesting approval to include into rate base a rounded cost of $82.8 million for the DWP, a facility which has been completed and is currently functioning. In addition to the usual process of consideri...
AI summary NSPI is requesting approval to include the completed DWP facility in its rate base, citing benefits such as providing clean electricity, meeting provincial renewable energy standards, and avoiding higher costs through a potential PPA. The decision will depend on whether the acquisition is necessary for customers and NSPI.
heir views of the DWP. No evidence was filed by any of the Intervenors and only the CA issued Information Requests ("IRs"). [14] A Final Issues List was established by the Board and is set out below: - 1. Transactions between NSPI and its...
AI summary The Board established a Final Issues List focusing on NSPI's transactions with affiliates, compliance with the Code of Conduct, and specific contracts and agreements related to renewable energy projects. Intervenors primarily addressed compliance with the Code of Conduct and the PPA with SkyPower and EUS.
February 5, 2008 SkyPower offers to reduce its proposal price. March 31, 2008 NSPI and SkyPower execute a Power Purchase Agreement. October 3, 2008 SkyPower reports to NSPI that they have lost financing for the project. January 6, 2009 Sky...
AI summary SkyPower initially offered to reduce its proposal price in February 2008, followed by the execution of a Power Purchase Agreement with NSPI in March 2008. However, SkyPower later reported losing financing for the project in October 2008 and faced increased performance security requirements in January 2009. SkyPower filed for restructuring in August 2009, and NSPI offered to purchase the project rights in October 2009, with 324 NSL entering into a Purchase and Sale Agreement with SkyPower.
Findings [40] The Board is not persuaded by NSPl's evidence referred to above that it can insulate itself from either the negotiation or execution of the EUS contract. The Board notes the evidence of Mr. Bennett, who testified that he has...
AI summary The Board concluded that NSPI did not directly acquire DWP assets due to 2011 RES compliance requirements, which prevented NSPI from self-supplying or owning a majority interest in the project. A shell company, 324 NSL, was used to facilitate the transaction, as confirmed by Mr. Bennett.
Submissions - NSPI [50] As described in paragraphs [33] and [34], NSPI took the position that 324 NSL and EUS were not subject to the Code. Consequently, NSPI said: ... 324 NSL was under no obligation to undertake a competitive solicitatio...
AI summary NSPI argues that 324 NSL and EUS were not required to follow competitive bidding processes due to project deadlines and the need to secure federal incentives. NSPI claims that retaining EUS under an EPC contract allowed for timely project completion and risk management, with EUS bearing the risk of delays and receiving a bonus for on-time delivery.
ing Submission, January 14, 2011, p. 16 Was it necessary for Nova Scotia Power to engage in this project, to move this project along? I believe that the record shows that it absolutely was necessary. At the time, we were required to comply...
AI summary Nova Scotia Power Inc. (NSPI) argues that the Digby project was necessary to comply with the province's renewable energy standards and avoid penalties. They also highlight the economic benefits of the project, including eco-energy credits, and emphasize the importance of the project's success for future initiatives.
c. Power Purchase Agreement - NSPI and SkyPower [109] As a result of negotiations after its RFP to Independent Power Producers ("IPP"), NSPI entered into a PPA with SkyPower on March 31, 2008. As part of this Application, the PPA was filed...
AI summary NSPI entered into a PPA with SkyPower in 2008, which became an excluded asset in a subsequent asset purchase agreement. The PPA's termination is conditional on the Board's approval of a capital expenditure application. If not approved, 324 NSL may repurchase or sell the PPA.
Submissions - NSPI [111] NSPI, in its economic analysis which is discussed later in this Decision, contended that its acquisition of the DWP provides a better outcome for its customers. 28 Exhibit N-1 , Appendix 5 31 Exhibit N-6, pp. 8-9 2...
AI summary NSPI argues that acquiring DWP provides better outcomes for customers, citing lower costs compared to a PPA. Intervenors had limited comments on the PPA, except for the DOE, which noted the DWP would provide good value. The Board acknowledges the potential benefits of the transaction but also recognizes the risks associated with PPAs.
on of a special protection system at 51V-Tremont, the installation of communications infrastructure and all the associated protection and control modifications for the above. [Exhibit N-1, pp. 21-22] [121] The scope of work for the EUS con...
AI summary The document outlines the scope of work for the EUS construction contract, which includes various project management and infrastructure tasks, but excludes turbine procurement and environmental permits. An economic analysis of the DWP project compares its costs to a prior PPA, showing a positive NPV and lower energy costs.
his is lower than the 2008 PPA between NSPI and Skypower. [Exhibit N-1, p. 25] [125] NSPI summarized the advantages which, in its view, would result in benefits to ratepayers if the DWP is approved: NSPI's investment in the Project will co...
AI summary NSPI argues that approving the DWP project will add 30 MW of wind generation, contribute to RES compliance, and provide cost savings to customers. The project's costs are lower than the original PPA, and revised NPV and levelized energy costs further support its economic benefits.
annual energy production of 110,380 MWh (a 10 year average) the revised values are an NPVof $6.6 million and levelized cost of $83.22 per MWh, which is significantly less than the PPA energy price. [128] The Company also provided a sensiti...
AI summary The company provided a sensitivity analysis in response to Undertaking U-12, using the annual energy commitment in the PPA and a mid-point chosen by NSPI. The analysis shows an NPV of $6.6 million and a levelized cost of $83.22 per MWh, which is significantly less than the PPA energy price.
Sensitivity Adjusted MWh (Annual Production) MWh Profile Capital ($ Millions) NPV ($ Millions) Levelized Cost ($/MWh) PPA Price Comparison ($/MWh) 1 85,600 Flat $82.8 ($12.1) $111.49 $92.00 2 100,000 Flat $82.8 ($2.3) $95.65 $92.00 3 85,60...
AI summary The document presents a table of sensitivity analyses for a project, showing variations in adjusted MWh, capital costs, NPV, and levelized cost. The analyses are based on different construction costs and energy output assumptions, with references to the DWP construction cost and the Garrad Hassan Report.
E. Renewable Energy Standards Requirements & ecoEnergy Incentive [144] RES, proclaimed by the Nova Scotia Government on January 22, 2007, required that 50/0 of NSPI 2010 sales be supplied from Independent Power Production sources. The 2010...
AI summary The Renewable Energy Standard (RES) requires that 10% of NSPI's energy sales by 2013 be generated from post-2001 renewable low-impact sources. The DWP project will contribute to the 2013 RES, regardless of whether it is owned by NSPI or developed as an IPP. The 2011 RES requirement was deferred, and the DWP will not be required to meet it.
05495Redacted Information Requests issued by Board Staff (IR-1 to IR-17)
5 passages
estimates, backup, etc received from this independent party. If no independent party was used, please explain why not. - c. Page 7 of 50, Section 3.4, Consideration 4 5 6 7 8 9 10 17 22 23 - i. Please provide details on how NSPI financed t...
AI summary The document contains a series of requests and inquiries related to the financing, contracts, and compliance aspects of a project by Nova Scotia Power Incorporated (NSPI), including details on how the project was funded, copies of various agreements, and explanations regarding tax and environmental approvals.
Request IR-8: - Reference Appendix 4, Asset Purchase Agreement - Schedule A, Page 24 of 50 lists an Agreement dated December, 2009 between Scotian - Windfields Inc. and 3240384 Nova Scotia Limited. Please provide a copy of the Agreement.
AI summary The document requests a copy of an Agreement dated December 2009 between Scotian Windfields Inc. and 3240384 Nova Scotia Limited, referenced in Schedule A, Page 24 of 50 of Appendix 4 of the Asset Purchase Agreement.
Request IR-9: - Reference Appendix 5, Power Purchase Agreement - a. Page 12 of 57 defines a term Project Description. This Project Description is to be attached to and be incorporated into the PPA. Appendix A to the PPA is a blank page. Pl...
AI summary The document requests clarification on the Project Description and Point of Isolation from the Power Purchase Agreement, specifically in Appendix 5. It asks for a copy of the Project Description and whether the Point of Isolation is the same as the Point of Interconnection.
Request IR-1 0: Reference Appendix 6, License to Use Assets and Option Agreement Document: 182595 Date Filed: Oct. 14/10 Page 5 of 12 - a. Please provide a full explanation (in layman's terms) of the purpose of this document and how it fit...
AI summary The text requests a detailed explanation of Appendix 6, which includes a License to Use Assets and Option Agreement, focusing on its purpose, the license term, the Section 6 option, the Section 6.7 'put' option, and the PPA's status under different conditions. It also asks for clarification on the operating agreement between NSPI and an affiliate, the PPA's role post-NSPI ownership, and how license fees are credited.
Document: 182595 Date Filed: Oct. 14/10 Page 6 of 12 1 iii. As the performance security under the PPA defined as Excluded Asset under an is 2 the Asset Purchase Agreement, how can why should NSPI as Licensor return and 3 the performance se...
AI summary The document outlines several requests and references related to legal and contractual matters, including performance security under a PPA, an Asset Purchase Agreement, and the assignment of leases. It also references a Digby Wind Farm Construction Contract and inquires about change orders for a project.
06088Redacted Undertakings U-1 to U-14
12 passages
NON-CONFIDENTIAL 1 Response U-1: (cont'd) 2 3 EUS has advised NSPI that it was aware of the pricing information received under the 4 solicitation conducted by SkyPower and the CBCL pricing summary, which were based upon the 5 original desi...
AI summary NSPI received information from EUS regarding materials provided before pricing was established, including project details, design documents, and environmental assessments related to a project layout change requested by 324 NSL.
REDACTED 1 Undertaking U-4: 2 3 (a) Provide the bonus clauses from other contracts referred to in UARB IR-12 response 4 and 5 6 (b) Provide if bonus provisions were made in PPAs. 7 8 Response U-4: 9 10 (a) The Contract between NSPI and XXX...
AI summary The document discusses the provision of bonus clauses from contracts, specifically referencing a contract between NSPI and another party for the Trenton 5 Generator Replacement Supply and Engineering Services. It also mentions that while there are no specific bonus clauses in existing PPAs, they may contain inherent incentives related to early energy delivery.
5 established scheduled Commercial Operations Date (COD), NSPI purchases the energy 6 as it becomes available. Each PPA may include different energy purchase terms; for 7 example, pre-COD at marginal cost for NSPI and post COD at the long...
AI summary The document outlines the terms of Power Purchase Agreements (PPAs) between NSPI and energy providers, specifying that NSPI purchases energy as it becomes available after an established Commercial Operations Date (COD), with different pricing structures before and after COD.
1 Undertaking U-12: 2 3 IN CAMERA - Redo analysis using XXXX MWh of annual production and using a 4 midpoint which NSPI can choose. 5 6 Response U-12: 7 8 In the table below NSPI is providing an update to the economic analysis filing to re...
AI summary NSPI provides an updated economic analysis filing reflecting updated O&M costs, construction costs, and PPA pricing, noting that construction is now complete and costs are at least $2.0 million lower than initially anticipated.
13 Levelized PPA Price MWh (Annual Production) MWh Profile Capital ($ Millions) NPV ($ Millions) Cost ($/MWh) Comparison ($/MWh) (Allitual Floduction) WWII FIOIILE ($ Millions) ($ Millions) (3/14/44/1) (3) 1414411) 110,380 10 year average,...
AI summary The text presents a table with data related to energy production, including annual production, capital costs, net present value, and levelized costs. The table includes entries for MWh, PPA price, and other financial metrics, though some data appears incomplete or unclear.
17 Sensitivity Adjusted MWh (Annual Production) Capital ($ Millions) NPV ($ Millions) Levelized Cost ($/MWh) PPA Price Comparison ($/MWh) 1 85,600 Flat $82.8 ($12.1) $111.49 $92.00 2 100,000 Flat $82.8 ($2.3) $95.65 $92.00 18 19
AI summary The table presents two scenarios with varying annual production levels, capital investments, net present values, levelized costs, and PPA price comparisons. Scenario 1 has 85,600 MWh production, a capital investment of $82.8 million, and a levelized cost of $111.49 per MWh, while Scenario 2 has 100,000 MWh production, the same capital investment, and a lower levelized cost of $95.65 per MWh.
20 Sensitivities 1 and 2 provide the NPV and levelized cost using the XXXX MWh and 21 100,000 MWh production values respectively. NSPI assumed a flat production profile through 22 the life of the project. The PPA price remained as original...
AI summary The document discusses the NPV and levelized cost calculations based on different production scenarios, noting that NSPI assumed a flat production profile. The PPA price remains unchanged at $92/MWh because the annual production threshold has not been met, meaning the incremental energy rate does not apply.
5 Sensitivity Adjusted MWh (Annual Production) MWh Profile Capital ($ Millions) NPV ($ Millions) Levelized Cost ($/MWh) PPA Price Comparison ($/MWh) 3 85,600 Flat $80.8 ($9.3) $107.17 $92.00 4 100,000 Flat $80.8 $0.6 $91.86 $92.00 6 7
AI summary The table presents sensitivity analysis for two scenarios with adjusted annual production, capital costs, net present value, and levelized cost compared to PPA prices. Scenario 3 shows a negative NPV and higher levelized cost, while Scenario 4 has a positive NPV and lower levelized cost, both at the same PPA price.
8 NSPI has also provided below a fifth sensitivity showing production at 120,000 MWh so that the 9 Board can understand the potential upside of increased production from the project over what 10 NSPI estimated in the filed models. 11 12 Se...
AI summary NSPI presents a fifth sensitivity analysis showing production at 120,000 MWh, incorporating revised construction and O&M costs, as well as updated PPA pricing based on the Operations Support Agreement with GE and the average annual marginal cost from the Port Hawkesbury Biomass Plans.
19 Levelized PPA Price Complete de la Adjusted MWh NAVA/In Dun Sila Capital NPV ($ Millions) Cost (Ś/MWh) Comparison ($/MWh) 1 Sensitivity (Annual Production) MWh Profile ($ Millions) ($ Millions) ($/1010011) ($/1010011) 5 120,000 10 year...
AI summary The text presents a table comparing the levelized cost and PPA price for a project with an adjusted annual production of 120,000 MWh. The levelized cost is calculated at $76.55/MWh, while the PPA price is $80.8/MWh. A sensitivity analysis is mentioned, along with a comparison resulting in a PPA price of $XXX/MWh.
REDACTED 1 Undertaking U-13: 2 3 IN CAMERA - Provide what the pricing of the PPA energy would be at the projected 4 incremental rate. 5 6 Response U-13: 7 8 As requested by the UARB, NSPI adjusted the models as filed by updating the PPA pr...
AI summary NSPI adjusted the PPA price for incremental energy rate as requested by the UARB, resulting in a revised NPV of $3.7 million and a levelized cost of $86.71/MWh. Further updates to construction and O&M costs resulted in an NPV of $6.6 million and a levelized cost of $83.22/MWh, with the comparison PPA price remaining unchanged at $XXX/MWh.
REDACTED 1 Undertaking U-14: 2 3 IN CAMERA - Provide a breakdown of all of the amounts paid to Scotian Windfields and 4 what they were paid for. 5 6 Response U-14: 7 - 8 The development work undertaken by Scotian Windfields included: prosp...
AI summary The response to Undertaking U-14 provides a breakdown of payments made to Scotian Windfields for development work on a renewable energy project, including site prospecting, environmental studies, PPA negotiations, and project design.
06132Closing Submission - NSPI
7 passages
19 NSPI's Evidence demonstrates that: 20 21 1. Having been granted a power purchase agreement (PPA) following the 2007 22 Request for Proposals (RFP), the Project is the lowest cost renewable energy 23 project available to NSPI and its cus...
AI summary NSPI's evidence highlights the importance of the Project, which was the lowest-cost renewable energy option for NSPI and its customers. Due to developer insolvency, quick action was needed to preserve the PPA and Federal ecoEnergy incentive. Emera established a numbered company to complete the Project on time to meet the 2011 RES and save the incentive, providing significant benefit to NSPI customers.
1 non-compliance and, quite frankly, it's just our practice and policy and 2 desire to comply with the laws and regulations. So we work hard to do 3 that. 4 5 The Digby project is only one example of the hard work that we've done 6 to ensu...
AI summary The speaker emphasizes the importance of compliance with regulations and highlights the Digby project as an example of efforts to ensure compliance. They argue that the project was economically beneficial, supported by the community, and provided eco-energy credits. The speaker also defends the project's price as reasonable and one of the lowest cost sources of renewable electricity in the province.
Date Filed: January 14, 2010 Page 8 of 22 46 45 So I think it's absolutely a value for customers. 1 THE CHAIR: I gather, though, even though you are fresh as a daisy to 2 some of these issues, that you do have an understanding of the Board...
AI summary The discussion addresses concerns raised by the Board regarding affiliate transactions and the process used in a Power Purchase Agreement (PPA) for a renewable energy project. The witness defends the PPA as the lowest-priced option and emphasizes the effort and compliance with provincial regulations.
, but it's not a test that we can take now. The project is 34 done and it's been done well, and we're putting this forward as a complete 35 package that has, in regulation, more value for customers than it has 36 outside of regulation. 37...
AI summary The speaker emphasizes that a completed project has been executed well and argues that it provides greater value for customers under regulation than outside of it. They express strong engagement with the project, having been involved from the inception of Power Purchase Agreements through to their conclusion.
1 Transcript, page 183, line 4 – page 190, line 22. 1 2 see these things done and I wanted to see them done well for our customers and that's why I'm here. 16 ownership. The levelized cost approach provides the effects of this project on a...
AI summary The transcript discusses the economic analysis of a project compared to the original PPA, highlighting lower costs for NSPI customers if the utility owns the project. Recalculations were requested during the hearing, including adjustments for O&M costs and production levels.
1 financial analysis using a midpoint between the PPA annual production and the 2 P50 level of production assumed in NSPI's Application. 3 4 3. Recalculate the 2008 PPA price to include the incremental energy rate in the PPA. 5 NSPI has fi...
AI summary The document discusses financial recalculations related to a PPA, including adjustments to O&M costs and project economics, resulting in improved NPV and lower levelized costs. These changes were made in response to previous requests and are based on revised calculations submitted by NSPI.
filed January 7, 2011. 4 NSPI's Application, Appendix 11, page 5 of 99. 5 NSPI Application, page 15, footnote 2. 6 NSPI Undertaking U-13, filed January 7, 2011. 1 2 While the PPA was based on a lower annual production level, this should no...
AI summary NSPI explains that the PPA for SkyPower was based on a lower annual production level to avoid penalties, and argues that using the P50 assumption from Garrad Hassan's report is more appropriate than the PPA's production level. NSPI also revised the PPA price to account for incremental payments for excess energy and confirmed the project remains favorable to customers.
06537Board Decision
11 passages
heir views of the DWP. No evidence was filed by any of the Intervenors and only the CA issued Information Requests ("IRs"). [14] A Final Issues List was established by the Board and is set out below: - 1. Transactions between NSPI and its...
AI summary The Board established a Final Issues List focusing on NSPI's transactions with affiliates, compliance with the Code of Conduct, and specific contracts including the PPA with Skypower and a construction contract with EUS. Intervenors primarily addressed these three issues in detail.
February 5, 2008 SkyPower offers to reduce its proposal price. March 31, 2008 NSPI and SkyPower execute a Power Purchase Agreement. October 3, 2008 SkyPower reports to NSPI that they have lost financing for the project. January 6, 2009 Sky...
AI summary SkyPower initially offers to reduce its proposal price on February 5, 2008, and later executes a Power Purchase Agreement with NSPI. SkyPower faces financial difficulties, leading to a restructuring filing and NSPI's attempts to acquire the project. NSPI requests Emera to take over the acquisition process for flexibility in compliance and regulatory approval.
Findings [40] The Board is not persuaded by NSPl's evidence referred to above that it can insulate itself from either the negotiation or execution of the EUS contract. The Board notes the evidence of Mr. Bennett, who testified that he has...
AI summary The Board determined that NSPI did not directly acquire DWP's assets due to 2011 RES compliance requirements, which prevented NSPI from self-supplying or owning a majority interest in the project. A shell company was used to facilitate the transaction, as confirmed by Mr. Bennett.
Submissions - NSPI [50] As described in paragraphs [33] and [34], NSPI took the position that 324 NSL and EUS were not subject to the Code. Consequently, NSPI said: ... 324 NSL was under no obligation to undertake a competitive solicitatio...
AI summary NSPI argues that 324 NSL and EUS were not required to follow the Code, as a competitive solicitation would delay construction and jeopardize federal incentives. NSPI claims that the low-cost contract with EUS was justified due to time constraints, the need to redesign the project, and the risk transfer to EUS. The contract price was reduced, with EUS bearing the risk of late completion.
ing Submission, January 14, 2011, p. 16 Was it necessary for Nova Scotia Power to engage in this project, to move this project along? I believe that the record shows that it absolutely was necessary. At the time, we were required to comply...
AI summary Nova Scotia Power Inc. (NSPI) argued that the Digby project was necessary to comply with the province's renewable energy standards and avoid penalties. The project was also seen as economically beneficial, with the potential to generate eco-energy credits, which are no longer available under the current program.
c. Power Purchase Agreement - NSPI and SkyPower [109] As a result of negotiations after its RFP to Independent Power Producers ("IPP"), NSPI entered into a PPA with SkyPower on March 31, 2008. As part of this Application, the PPA was filed...
AI summary NSPI entered into a PPA with SkyPower in 2008 as part of its RFP process. The PPA was an Excluded Asset in an asset purchase agreement with 324 NSL and included provisions for termination upon expiration, dependent on the Board's approval of a capital expenditure application.
Submissions - NSPI [111] NSPI, in its economic analysis which is discussed later in this Decision, contended that its acquisition of the DWP provides a better outcome for its customers. 28 Exhibit N-1 , Appendix 5 31 Exhibit N-6, pp. 8-9 2...
AI summary NSPI argues that acquiring DWP provides better outcomes for customers, citing lower costs compared to the PPA. Intervenors had limited comments on the PPA, with the DOE noting it may provide good value for ratepayers. The Board considers the economic analysis and potential benefits of ownership versus the PPA structure.
on of a special protection system at 51V-Tremont, the installation of communications infrastructure and all the associated protection and control modifications for the above. [Exhibit N-1, pp. 21-22] [121] The scope of work for the EUS con...
AI summary The document outlines the scope of work for the EUS construction contract, which includes project management, transmission line clearances, earthwork, wind turbine foundations, and substation work. It also references an economic analysis of the DWP, comparing its costs to a 2008 PPA with SkyPower, showing a positive NPV and lower levelized energy costs.
his is lower than the 2008 PPA between NSPI and Skypower. [Exhibit N-1, p. 25] [125] NSPI summarized the advantages which, in its view, would result in benefits to ratepayers if the DWP is approved: NSPI's investment in the Project will co...
AI summary NSPI outlines benefits of the DWP project, including adding 30 MW of wind generation, achieving RES compliance, and cost savings for customers. The project's costs are lower than the original PPA, and revised estimates show a lower levelized energy cost and higher NPV due to reduced O&M and construction costs.
annual energy production of 110,380 MWh (a 10 year average) the revised values are an NPVof $6.6 million and levelized cost of $83.22 per MWh, which is significantly less than the PPA energy price. [128] The Company also provided a sensiti...
AI summary The Company provided a sensitivity analysis in response to Undertaking U-12, using the annual energy commitment in the PPA and a mid-point chosen by NSPI. The analysis shows an NPV of $6.6 million and a levelized cost of $83.22 per MWh, which is significantly less than the PPA energy price.
E. Renewable Energy Standards Requirements & ecoEnergy Incentive [144] RES, proclaimed by the Nova Scotia Government on January 22, 2007, required that 50/0 of NSPI 2010 sales be supplied from Independent Power Production sources. The 2010...
AI summary The Renewable Energy Standards (RES) require NSPI to source a percentage of its energy sales from renewable sources. The DWP project qualifies for the 2013 RES but not the 2011 RES. NSPI requested Emera to take over the DWP acquisition process due to uncertainty and potential regulatory issues.