N-4Written Submission - Avon et al. 7/22/2010
1 passage
rstanding that this project can successfully be completed at or below 2231081.vl this approved amount. In this regard, the Board notes that NSPI, in its response dated August 22, 2008, stated that: NSPI will make every effort to manage thi...
AI summary The Board evaluates whether the Port Hawkesbury Biomass Project remains economically justified and in ratepayers' best interests, emphasizing NSPI's obligation to manage costs prudently. NSPI asserts it will control costs but acknowledges the Board's scrutiny if expenditures exceed approved limits.
N-6Written Submission - NSDOE 7/22/2010
1 passage
BACKGROUND - 2. On September 12,2007, NSPI submitted a capital work order to the DARB in respect ofthe project, then estimated by NBPI to cost approximately $66.3 million. In a decision dated December 21, 2007, the UARB approved the Projec...
AI summary NSPI's project cost increased from $66.3M (2007) to $84.3M (2008) and now $93M, with UARB approving revisions but warning of scrutiny if costs exceed approved amounts. NSDOE notes the current forecast omits a $7.2M contingency previously included.
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