Topic:"Prudency Review" in M03413

VIA E-MAIL CONFIDENTIAL Mr. Peter W. Gurnham, Q.C., Chair, NOVA SCOTIA UTILITY AND REVIEW BOARD, 3 rd Floor, 1601 Lower Water Street, Halifax, Nova Scotia Dear Mr. Gurnham: Re: NSPI Renewable Energy Solicitation 2007 As requested by the Bo...

AI summary The Nova Scotia Utility and Review Board (UARB) reviewed the Power Purchase Agreement (PPA) for NSPI's 2007 renewable energy solicitation, concluding it was legally reasonable and suitable for inclusion in the RFP. The review focused on risk allocation to proponents and compared the PPA to existing contracts with independent power producers.

Date Filed: January 21, 2011 Page 11 of 15 16 Exhibit N-8, NSPI's Revised Code of Conduct governing Affiliate Transactions, approved by Order of the UARB dated February 24, 2009, section 6.8. 1 The Consumer Advocate further argues that "NS...

AI summary The document discusses the justification of an incentive payment in a contract between NSPI and EUS, arguing that it is a prudent commercial term that benefits customers. It also addresses the Consumer Advocate's request for the UARB to reaffirm the Affiliate Code and highlights the proper application of oversight to NSPI, not its affiliates.