Topic:"Regulatory Compliance" in M13042

successor, or (iii) BBB with Dominion Bond Rating Service Limited or its successor. Emergency Condition – shall have the meaning ascribed to that term in the Generator Interconnection Agreement. Energy – means electric energy measured as u...

AI summary This section defines key terms related to energy and regulatory processes, including 'Emergency Condition,' 'Energy Bid,' 'Energy Rate,' and 'Energy Source.' It also references the Energy and Regulatory Boards Act and the Energy Reform (2024) Act, which are central to the regulatory framework in Nova Scotia.

as set out in the Proposal. Local Benefits Shortfall has the meaning given to it in Section 2.7 Local Benefit Report means a report setting out the Seller's Local Benefit expenditure at COD. Market Rules and Procedures – means the document...

AI summary This section defines key terms and acronyms relevant to the regulatory proceeding, including 'Local Benefits Shortfall,' 'Market Rules and Procedures,' 'Marginal Cost Rate,' and 'More Access to Energy Act.' It outlines definitions related to energy generation, measurement, Indigenous communities, and legal frameworks governing energy markets in Nova Scotia.

3.2 Insurance Covenants - (a) The Seller shall put in effect and maintain (or cause its contractors, where appropriate, to maintain), from the commencement of the construction of the Project to the expiry of the Term, at its own cost and e...

AI summary The document outlines insurance covenants that the Seller must adhere to, including requirements for property and liability insurance, coverage specifics, and procedures for handling insurable losses. The Seller is also required to provide insurance certificates and clearance letters under the Workers' Compensation Act.

ncy Legislation or other Laws and Regulations affecting the rights of creditors generally and except that equitable remedies may only be granted in the discretion of a court of competent jurisdiction. - (d) The execution and delivery of th...

AI summary This section outlines the Seller's representations and warranties regarding compliance with laws, contracts, and obligations, ensuring that the execution of the Agreement and related transactions will not result in breaches, defaults, or conflicts, and that all necessary approvals and filings have been completed.

7.2 Representations and Warranties of NSPI NSPI represents and warrants to the Seller, and acknowledges that the Seller is relying on such representations and warranties in entering into the Agreement: - (a) NSPI is a corporation formed un...

AI summary NSPI provides various representations and warranties to the Seller, ensuring its legal capacity to enter into the Agreement, compliance with laws and regulations, and that no legal actions or defaults would hinder its obligations under the Agreement.

20 Business Days of the referral notice. If the Parties fail to agree within that period, either Party may apply to the ADR Institute of Canada (ADRIC) for the appointment of the Independent Expert by delivering to ADRIC (with a copy to th...

AI summary This section outlines the process for appointing an Independent Expert to determine a revised Energy Rate. If the Parties cannot agree within 20 business days, either may apply to ADRIC or, if unsuccessful, to a judge of the Supreme Court of Nova Scotia. The Independent Expert must be impartial and at arm's length from both Parties.

1.5 Waiver, Amendment No waiver of any provision of the Agreement shall be binding unless executed in writing by the Party to be bound thereby. No waiver of any provision of the Agreement shall constitute a waiver of any other provision th...

AI summary This section outlines the conditions under which waivers of the Agreement's provisions are valid, emphasizing that they must be in writing and do not imply ongoing or broader waivers. It also states that inspections or reviews by NSPI or Government Agencies do not relieve the Seller from fulfilling obligations.

20 Business Days of the referral notice. If the Parties fail to agree within that period, either Party may apply to the ADR Institute of Canada (ADRIC) for the appointment of the Independent Expert by delivering to ADRIC (with a copy to th...

AI summary This section outlines the process for appointing an Independent Expert to determine a revised Energy Rate. If the Parties fail to agree within 20 Business Days of the referral notice, either may apply to the ADR Institute of Canada (ADRIC) for the appointment. If ADRIC cannot appoint the expert, either Party may apply to a judge of the Supreme Court of Nova Scotia.

e the meaning ascribed to that term in the Generator Interconnection Agreement. Energy Reform (2024) Act – means An Act to Reform the Law Respecting Energy and Electricity (Nova Scotia). Energy Source – means the source used to generate En...

AI summary This section defines key terms used in the regulatory proceeding, including the Energy Reform (2024) Act, Energy Source, and Equipment Certification Security, referencing specific items in the Commercial Terms document.

ewables and Electrification Pathways program, a grant program under the sponsorship of Natural Resources Canada. System – means the Energy transmission system operated by the System Operator. System Operator – means that functional part of...

AI summary The text defines key terms related to energy regulation, including the System Operator, Transmission System Interconnection Requirements, and Threshold Amount, among others. It references legal frameworks such as the Workers' Compensation Act and the More Access to Energy Act, as well as entities like the IESO and NSPI.

1.8 Energy Reform (2024) Act - (a) Reference is made to the Energy Reform (2024) Act which came into effect on April 1, 2025 and pursuant to which certain Laws and Regulations were amended and pursuant to which the More Access to Energy Ac...

AI summary This section discusses the Energy Reform (2024) Act, which came into effect on April 1, 2025, and its implications for the transition of system operator functions from NSPI to the IESO. It outlines how the Act may necessitate amendments to the Agreement, including the procurement of Ancillary Services and the introduction of Market Rules and Procedures by the IESO. Disagreements on amendments may be resolved through mandatory arbitration.

3.2 Insurance Covenants - (a) The Seller shall put in effect and maintain (or cause its contractors, where appropriate, to maintain), from the commencement of the construction of the Project to the expiry of the Term, at its own cost and e...

AI summary The text outlines insurance covenants that the Seller must adhere to, including the requirement to maintain specific types and amounts of insurance coverage, ensure NSPI is an additional insured, and provide certificates of insurance. The Seller is also required to comply with the Workers' Compensation Act and may terminate the Agreement under certain conditions related to insurable loss.

11. Governing Law This Guarantee shall be governed by the laws of the Province of Nova Scotia and the laws of Canada applicable therein. The Guarantor agrees that any suit, action or proceeding against the Guarantor arising out of or relat...

AI summary The governing law of the Guarantee is determined by the laws of Nova Scotia and Canada applicable therein. The Guarantor agrees to the jurisdiction of any court in Halifax, Nova Scotia, and waives any objections to venue or inconvenient forum.

2.6 Approvals and Permits - a) Proponents must submit a Proposal that sets out a viable path to obtaining the required approvals and permits for the Project, as determined in the PA's Discretion, by submitting a complete and detailed Appro...

AI summary The document outlines the requirements for proponents to obtain necessary approvals and permits for a project, including submitting a detailed matrix and engaging with Nova Scotia departments by December 4, 2026. It also notes that the PA does not guarantee approvals and that proponents are responsible for verifying required permits and complying with laws and regulations.