Topic:"Rate Base" in M13042

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The text outlines procedures for testing and maintaining revenue class metering equipment, ensuring accuracy and compliance with standards. NSPI is responsible for testing, and financial adjustments may be required if meter accuracy exceeds 2% variance. Both parties have rights to be represented during meter sealing/unsealing and to request tests.

Site – means the lands upon which the Project will be located, as specified in item 2 of the Commercial Terms. System – means the Energy transmission system operated by the System Operator. System Operator – means that functional part of N...

AI summary The document defines key terms related to energy systems, including 'Site,' 'System,' 'System Operator,' 'Tariff,' and 'Transmission Capital Recovery Factor.' It references the More Access to Energy Act and Energy Reform (2024) Act, as well as the role of the IESO in system operations.

at right, at the time it was acquired, would require the consent of NSPI under this Section [16.2,](#page-81-0) and the exercise of any such right will require a further or subsequent consent of NSPI. - (h) NSPI shall have the right to ass...

AI summary The text outlines provisions related to the assignment of an agreement by NSPI, requiring consent for certain rights and specifying conditions under which NSPI can assign the agreement to an assignee with similar business operations and credit ratings. It also outlines the obligations and liabilities that remain with NSPI, particularly regarding payment defaults and events of default.

defaults under Section [10.3(a)](#page-56-2) and shall remain liable for any obligations and liabilities of the assignee arising from any NSPI Event of Default occurring prior the assignment by NSPI. - (i) For the purpose of this Section 1...

AI summary This section outlines the conditions and obligations related to the assignment of the Agreement, including the definition of 'assignment' and the reimbursement of costs incurred by the other party during the review and negotiation of such assignments.

Our team - successfully handled international supply-chain issues; - managed delays in the interconnection process; - supported the challenging implementation of new technologies on the Nova Scotia grid; - gained social license for multi-m...

AI summary SWEB Development Limited Partnership highlights challenges with the draft Power Purchase Agreement (PPA) under Green Choice Program II, noting that it may not balance risks and pricing fairly between Nova Scotia Power and developers. They argue that the PPA may lead to higher energy rates and lower participation, and suggest releasing a final draft before registration deadlines to allow better risk assessment.

Section 13.1 – Change in Law The Change in Law provision excludes protection in respect to a change in FEDERAL law. The requests to include changes in federal law were made by CANREA, individual proponents and the Consumer Advocate (see CA...

AI summary Section 13.1 discusses the exclusion of federal law changes in the Change in Law provision, highlighting how the previous PA's rejection of including federal law changes led to delays and financial consequences for ratepayers due to project cancellations and increased costs from federal policy changes.

Previous Section 16.9 – Inability to Secure CIB or SREP Funding In Section 1.5 of the draft RFP, Proponents " are encouraged to explore all federal funding opportunities to make their Energy Rate more competitive, including investment tax...

AI summary The document discusses the removal of Section 16.9 from the PPA, which previously allowed termination if CIB or SREP funding could not be secured. Proponents argue that this removal increases project financial risk, potentially leading to higher prices and reduced participation. They urge reinstating the section with revisions to protect developers and ensure project viability.

New Section 16.9 – Adjustment for Post-Proposal Applicable Tariffs The Minimum Threshold outlined in Section 16.9 b) - Adjustment for Post-Proposal Applicable Tariffs is set at 7.5%. Please be advised that we consider this threshold unreas...

AI summary The document argues that the 7.5% Minimum Threshold in Section 16.9 is unreasonably high, as it fails to adequately protect sellers from potential tariff impacts. It references a study showing that even a 25% steel surtax had an impact below 7.5%, and warns that developers will price in higher risks, leading to increased costs for ratepayers. The document suggests lowering the threshold to 2.5% and cautions against using Ontario’s procurement as a basis for Nova Scotia's threshold.

Exhibit H – Calculation of Adjusted Energy Rate In the most current PPA draft submitted to the NSEB, the CPI adjustment in Exhibit H starts on the Effective Date (= time of execution). A target PPA Execution Date has not been communicated...

AI summary The document discusses the calculation of the adjusted energy rate and the need to adjust the CPIED definition to account for delays in PPA execution. It highlights past procurement delays and the impact on Proponents and ratepayers, suggesting a change to the CPIED definition to mitigate risk.

72% reduction in Pre-COD security (from $125,000/MW to $35,000/MW) This reduction weakens ratepayer protection during the highest-risk development period. The stated rationale is "to align the security requirements with other jurisdictions...

AI summary The reduction in Pre-COD security from $125,000/MW to $35,000/MW is argued to weaken ratepayer protection during high-risk project development. The rationale for the reduction is not substantiated with comparative jurisdictional data, and the Independent Governor recommends providing such data to ensure the amount is appropriate and does not increase ratepayer exposure.

Elimination of the Congestion Management Alternative/Forgo Network Upgrade Reimbursement These options have been eliminated in favour of ERIS-only interconnection with IESO-led deliverability testing8 [.](#page-2-2) The Application states...

AI summary The document discusses the elimination of the Congestion Management Alternative and Forgo Network Upgrade Reimbursement options, replacing them with ERIS-only interconnection and IESO-led deliverability testing. The Application claims this change does not impose additional costs on ratepayers, but the IG recommends providing evidence to support this assertion.

11 https://www.novascotia.ca/sites/default/files/documents/1-3582/nova-scotia-clean-power-plan-presentation-en.pdf ratepayers to development -stage project abandonment. Ontario LT2(e -1) - $35,000/MW subject to a minimum of $500,000 and ma...

AI summary The text discusses performance security requirements for power projects in various jurisdictions, including Ontario, BC Hydro, and Quebec. It also outlines the removal of certain provisions in the PPA related to congestion management and network upgrade reimbursement, emphasizing the need for infrastructure investments that deliver clear system-wide value and represent the most economical long-term solution.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary This section outlines the procedures for testing and maintaining revenue class metering equipment, including requirements for calibration, financial adjustments for inaccuracies, and notification protocols between the Parties. NSPI is responsible for ensuring accuracy, and both Parties have rights to be involved in meter sealing and testing.

16.2 Assignment - (a) Prior to the Commencement Date, neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned by the Seller, except (i) with the consent of NSPI, which consent may be unre...

AI summary This section outlines the conditions under which the Seller may assign the Agreement, including the requirement for NSPI's consent, exceptions for assignments to Affiliates or Project Lenders, and the notice requirements for requesting consent.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The section outlines procedures for testing and maintaining revenue class metering equipment by NSPI. It specifies that either party may request tests, and outlines the process for handling inaccuracies, including financial adjustments if meter accuracy exceeds a 2% variance.

12.2 Rights and Obligations of Project Lenders While any Project Lender's Security Agreement remains in effect, and provided that NSPI has received the notices referred to in Section [12.1(d),](#page-57-2) the following provisions shall ap...

AI summary This section outlines the rights and obligations of Project Lenders under the agreement, including the conditions under which defaults may be cured, the rights of Project Lenders to enforce security agreements, and their liability for the Seller's obligations.