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.
& lt;sup>16 Transcript, page 197, line 18 – page 198, line 11. 1 renewable energy through avoided fuel costs of approximately $300,000-$500,000 per 2 month. 17 There was risk associated with this being lost for every month that constructio...
AI summary The text discusses the financial implications of a renewable energy project, including avoided fuel costs and risks due to potential construction delays. It also addresses NSPI's acquisition of the project and the inclusion of incentive payments in the EPC contract, with a focus on industry practices and evidence presented during the proceeding.
3 On January 14, 2011, Nova Scotia Power Inc. (NSPI, the Company) and the intervenors 4 filed their closing submissions in this proceeding. 6 On behalf of customers, NSPI has worked diligently and in the interests of customers to 7 comply...
AI summary Nova Scotia Power Inc. (NSPI) and intervenors submitted closing arguments supporting the inclusion of the Digby Wind Project in the utility rate base. NSPI asserts the project was completed on time and under budget, with no opposing evidence challenging its value. All intervenors support approval of the capital work order.
& lt;sup>11 Consumer Advocate Closing Submission, page 3. 1 8. Page 4 of the Consumer Advocates submission states, "[…] the only evidence we 2 have as to the rationale for the bonus is the statement in Article A3 of the EUS 3 contract (Exh...
AI summary The Consumer Advocate claims there is no evidence regarding the rationale for a bonus in the EUS contract. NSPI refutes this by citing Undertaking U-5, which explains that the bonus was part of a revised contract where EUS bore the risk of late completion. The revised contract included a new completion date and penalties for delays.
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