Topic:"Renewable Energy" in M13042

1. INTRODUCTION The Green Choice Program is established under Section 30 of the Electricity Act , SNS 2004, c 18("Act ") was established to provide a means for electricity consumers to purchase renewable low -impact electricity and to prom...

AI summary The Green Choice Program, established under the Electricity Act, allows consumers to purchase renewable low-impact electricity. Power Advisory LLC was appointed as the procurement administrator for a two-year term. The filing requests the Board's approval of the Green Choice Program Power Purchase Agreement (GCP PPA) as part of its procurement process.

GCP PPA attached as Appendix A is similar to 202 4 Board -approved PPA, however several changes were made to conform to the requirements of the RFP and stakeholder feedback received on PPA Draft #1 : - 1. Wind Power Only Both solar and win...

AI summary The Green Choice Program Power Purchase Agreement (GCP PPA) has been modified from the 2024 Board-approved PPA to align with the RFP and stakeholder feedback. Key changes include limiting eligibility to wind energy resources and requiring performance security at the time of PPA execution, which provides greater assurance for Nova Scotia Power Inc. (NSPI).

3. REQUEST FOR PROPOSALS The PA intends to conduct the procurement in accordance with Section s 27, 28 and 29 of the Electricity Act and sections 35 (A), 35(B) (1)(2), 35(C) of the Renewable E lectricity Regulations and will ensure the pro...

AI summary The PA is conducting a Request for Proposal (RFP) to procure renewable electricity in accordance with the Electricity Act and Renewable Electricity Regulations. The RFP aims to select proposals that provide the best value for ratepayers, with specific requirements for project size, location, and submission. Proposals will be evaluated in five stages, with scoring based on energy rate, project risk, public engagement, and social and economic benefits. Selected proponents will be offered a Green Choice Program Power Purchase Agreement (GCP PPA).

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.

(b) The Seller shall: - (i) For each day of the Interim Period and the Term, provide to NSPI by 8:30 am Atlantic Prevailing Time of the previous day, an hourly forecast of (i) the number of generators at the Facility that will be available...

AI summary The Seller is required to provide NSPI with hourly forecasts of generator availability and deratings, update forecasts promptly in case of changes, and provide real-time data access. Failure to comply results in a 75% reduction in the applicable rate for Net Output.

3.4 Renewable Energy Credits The Seller hereby assigns, unconditionally and absolutely, all of its right, title and interest in and to all of the Renewable Energy Credits attributable to all of the Energy purchased by NSPI from the Seller...

AI summary The Seller assigns all Renewable Energy Credits from energy purchased by NSPI, free of liens, and agrees to assist NSPI in perfecting this assignment. NSPI will reimburse the Seller for any expenses incurred during this process and bear the cost of verifying or registering the credits.

5.5 Premiums and Incentives The rates payable by NSPI for the purchase of Energy are set forth in this Agreement and, without limitation: - (a) the Seller shall not be entitled to any remuneration which NSPI receives from any of its custom...

AI summary The document outlines the terms regarding premiums and incentives for NSPI in the purchase of energy. NSPI retains all benefits from re-sale premiums, incentives, and Renewable Energy Credits, while the Seller is excluded from these benefits.

reaffirmed by the Seller as representations made to NSPI hereunder and there is no material information omitted from the Proposal which makes the information in the Proposal misleading or inaccurate. - (o) The Seller is the legal and benef...

AI summary The Seller reaffirms its representations and warranties to NSPI, including ownership of land tenure, compliance with Canadian tax residency, and adherence to renewable energy regulations. The Energy Rate includes applicable customs duties and tariffs, with adjustments governed by specific sections of the agreement.

SCHEDULE A GREEN CHOICE PROGRAM POWER PURCHASE AGREEMENT FOR RENEWABLE ENERGY Between NOVA SCOTIA POWER INCORPORATED And [Insert name of Seller] GREEN CHOICE PROGRAM POWER PURCHASE AGREEMENT FOR RENEWABLE ENERGY Between NOVA SCOTIA POWER I...

AI summary This document outlines a Power Purchase Agreement (PPA) for renewable energy under the Green Choice Program between Nova Scotia Power Incorporated and an unnamed seller. It establishes the terms for purchasing renewable energy from the seller.

er of megawatts of Name Plate Capacity of the Facility; - Not Used - Not Used - Not Used - Zone: 1 / 2 / 3 / 4 / 5 - Project has been awarded "Ownership" points in the Proposal's evaluation: Yes / No; - (a) If Yes, the Project is owned by:...

AI summary The document outlines the Green Choice Program Power Purchase Agreement for Renewable Energy, detailing project ownership, zones, and various exhibits and appendices that form part of the agreement. It includes provisions related to confidentiality, project financing, and ownership by the Mi'kmaq of Nova Scotia.

ility or its generation of Energy; or (iii) benefits attributable to the direct displacement by Energy from renewable sources of emissions from fossil-fuelled thermal electrical generation, including: - (a) all right, title, interest in an...

AI summary The text defines Renewable Energy Credits (REC) and outlines the rights and benefits associated with them, including carbon credits, emission reductions, and revenues. It also specifies the Reporting Date as six months prior to each Fiscal Year during the Term.

3.3 Reporting of Seller and Forecasting Facility Output (a) If the Energy Source is wind Energy, NSPI shall cause a third-party vendor to provide meteorological forecasting services for the Facility. As of the Effective Date, NSPI will cau...

AI summary This section outlines NSPI's obligation to provide meteorological forecasting services for a wind energy facility, including the allocation of service fees and administrative costs to the Seller's account. The fee is capped at $1,000 per month, adjusted annually for inflation.

3.4 Renewable Energy Credits The Seller hereby assigns, unconditionally and absolutely, all of its right, title and interest in and to all of the Renewable Energy Credits attributable to all of the Energy purchased by NSPI from the Seller...

AI summary This section outlines the assignment of Renewable Energy Credits from the Seller to NSPI, ensuring that NSPI has full rights and interests in these credits. The Seller is required to assist NSPI in perfecting the assignment and will be reimbursed for any related expenses. NSPI is responsible for the costs of verifying or registering the credits.

- (b) NSPI agrees to compensate the Seller for foregone Expected Output resulting from curtailment in accordance with and on the terms and conditions set forth in Section 4E33 of Chapter 2518 of the Electricity Act (or any successor or rep...

AI summary The text outlines NSPI's agreement to compensate the Seller for curtailment of energy output, as defined by the Electricity Act. Compensation is conditional and subject to specific thresholds and exceptions, including unforeseeable emergencies or force majeure events.

5.5 Premiums and Incentives The rates payable by NSPI for the purchase of Energy are set forth in this Agreement and, without limitation: - (a) the Seller shall not be entitled to any remuneration which NSPI receives from any of its custom...

AI summary This section outlines the terms regarding premiums and incentives for energy purchases by NSPI. NSPI retains all benefits from reselling energy, including premiums and incentives, and is entitled to renewable energy credits assigned under the agreement.

s and shall cease to be entitled to any of the Seller's rights and benefits contained in this Agreement, unless the Project Lender's Security Agreement remains in effect by way of continuing security. - (f) Notwithstanding Section [16.2,](...

AI summary This section outlines the conditions under which a Project Lender may transfer or dispose of the Seller's interest in the Project, requiring NSPI's approval and ensuring that the transferee can meet the Seller's obligations. It also addresses the termination of the agreement due to a Seller Event of Default and the subsequent actions by NSPI.

- A. NSPI and [insert name of Seller] (" Seller ") have entered into the Green Choice Program Power Purchase Agreement for Renewable Energy dated as of [ ⚫ ] (the " Agreement "); - B. Pursuant to the terms of the Agreement, the Guarantor i...

AI summary This document outlines a power purchase agreement between NSPI and a seller, with the guarantor agreeing to provide a guarantee for the seller's payment obligations under the agreement. The agreement is part of the Green Choice Program for Renewable Energy.

GREEN CHOICE PROGRAM POWER PURCHASE AGREEMENT FOR RENEWABLE ENERGY This Power Purchase Agreement is entered into as of ⚫, 20⚫, between: Nova Scotia Power and [Insert name and address of Seller] ("Seller") Incorporated 1223 Lower Water Stre...

AI summary This document outlines a Power Purchase Agreement (PPA) between Nova Scotia Power and a Seller for the purchase of renewable energy. The agreement includes terms for payment, notice, and conditions based on the Seller's Proposal, including certification of generating technology and project ownership structure.

made thereunder, in each case, as amended from time to time. Nameplate Capacity – means the name plate capacity of the Facility, as specified in item [3](#page-3-10) of the Commercial Terms. Net Output – means the Energy output of the Faci...

AI summary The text defines key terms related to energy generation, supply, and regulatory frameworks, including definitions for nameplate capacity, net output, and Nova Scotia Supply Community, as well as references to regulatory bodies like the DNR and NSPI.

2.3 Obtaining and Maintaining Electricity Standard Approval (a) On or prior to Commercial Operation, the Seller shall obtain an Electricity Standard Approval for the Facility. NSPI shall provide the Seller, at the Seller's expense, assista...

AI summary The section outlines the Seller's obligation to obtain and maintain Electricity Standard Approval for the Facility prior to Commercial Operation. NSPI will assist the Seller at their expense. Failure to maintain approval results in liquidated damages based on the Renewable Attribute Loss Rate and Daily Energy Bid. NSPI retains the right to recover these damages through Performance Security or other means.

2.5 Scheduled Date for Commercial Operation (a) The Seller agrees to obtain Commercial Operation of the Facility by the Scheduled Commercial Operation Date; however, for greater certainty, if the Seller has failed to obtain Commercial Oper...

AI summary The section outlines the obligations and consequences related to the Scheduled Date for Commercial Operation of the Facility. It specifies that failure to achieve Commercial Operation by this date does not automatically constitute a Seller Event of Default unless otherwise defined. Extensions to the Term are permitted under certain conditions, and the Seller is liable for liquidated damages if Commercial Operation is delayed.

3.4 Renewable Energy Credits The Seller hereby assigns, unconditionally and absolutely, all of its right, title and interest in and to all of the Renewable Energy Credits attributable to all of the Energy purchased by NSPI from the Seller...

AI summary The Seller assigns all Renewable Energy Credits (REC) to NSPI, free of liens, encumbrances, or adverse claims. NSPI is responsible for any costs related to verifying or registering the RECs, and must reimburse the Seller for any expenses incurred in fulfilling NSPI's requests related to the assignment.

5.5 Premiums and Incentives The rates payable by NSPI for the purchase of Energy are set forth in this Agreement and, without limitation: - (a) the Seller shall not be entitled to any remuneration which NSPI receives from any of its custom...

AI summary The document outlines the terms related to premiums and incentives for NSPI in the purchase of energy. NSPI is entitled to all benefits from re-selling energy, including premiums and incentives, and Renewable Energy Credits, while the Seller is excluded from these benefits.

or resolutions of the directors, partners or shareholders of the Seller; - (iii) any judgment, decree, order or award of any Government Agency or arbitrator; - (iv) any Permit held by the Seller; or - (v) any Laws and Regulations. - (e) It...

AI summary The section outlines the Seller's representations and warranties, ensuring that it is not subject to insolvency, has no pending legal actions that could affect its obligations, and is in compliance with all applicable laws and regulations. It also confirms the accuracy of provided information and the ability to achieve commercial operation by the scheduled date.

APPENDIX D - SUMMARIZED STAKEHOLDER FEEDBACK ON PPA DRAFT #1 PPA Section Question Comment Response Consequently, we suggest adding the following at the end of Section 16.9: "f) if Seller has elected to terminate the Agreement, the Seller w...

AI summary Stakeholders provided feedback on PPA Draft #1, particularly regarding Section 16.9, which outlines termination rights if CIB or SREP financing is unavailable. They suggested modifying the section to allow for price adjustments instead of termination and requested clarification on NSPI's role in the termination event.

APPEN DIX E - GREEN CHOICE PROGRAM DRAFT RFP Nova Scotia Green Choice Program Procurement – Request for Proposals II

AI summary This document outlines the Green Choice Program Procurement – Request for Proposals II, a procurement initiative by Nova Scotia aimed at advancing renewable energy and sustainability goals.

1.1 Green Choice Program - a) The Green Choice Program (" GCP ") was created by the Province of Nova Scotia to provide large energy consumers in Nova Scotia a pathway to local renewable electricity supply for up to 100% of their electricit...

AI summary The Green Choice Program (GCP) allows large energy consumers in Nova Scotia to subscribe to local renewable electricity supply. The program is administered by a Procurement Administrator (PA), with Power Advisory appointed as the PA for the second competitive request for proposal (RFP) process. The RFP is governed by the Electricity Act, GCP Regulations, and Renewable Electricity Regulations.

1.2 Purpose and Background of the RFP - a) Renewable Low-Impact Electricity development offers significant economic benefit opportunities to many rural areas in Nova Scotia and significant advancement towards achieving greenhouse gas emiss...

AI summary The RFP aims to procure up to 1,200 GWh of renewable low-impact electricity from onshore wind resources to support Nova Scotia's clean energy targets, including achieving an 80% renewable electricity standard by 2030. The PA will administer the RFP to ensure fair and competitive selection of proposals, with the PA intending to seek Board approval for the PPA form before issuing the RFP in September 2026.

1.5 Federal Funding - a) Proponents are encouraged to explore all federal funding opportunities to make their Energy Rate more competitive, including any available investment tax credits, Canada Infrastructure Bank (" CIB ") financing, and...

AI summary The document outlines federal funding opportunities for Energy Rate projects, including tax credits, CIB financing, and SREPs funding. It notes ongoing discussions between DoE and CIB regarding potential offerings for the RFP, with details to be available after the RFP is issued in September 2026. SREPs funding is conditional on meeting eligibility requirements and requires a written contribution agreement before financial contributions are made.

2.1 Project Team Member Experience - a) The Proponent shall meet the Team Member Experience set out in this Section [2.1.](#page-5-3) - b) The Proponent must have at least two (2) Designated Team Members who have experience in the Planning...

AI summary The Proponent must have at least two Designated Team Members with experience in planning, developing, financing, constructing, and operating a Qualifying Renewable Low-Impact Electricity Generation Facility. Experience does not need to be with the same Proponent or Control Group Member, and each Team Member's experience must be supported by a curriculum vitae.

2.3 Renewable Low-Impact Electricity Generation Project - a) Each Proponent will be responsible to make the necessary investments to successfully complete development and construction, and own, operate and maintain a Renewable Low-Impact E...

AI summary The document outlines requirements for Proponents participating in the Renewable Low-Impact Electricity Generation Project, including investment responsibilities, project size, location, and eligibility criteria, such as not being on Ineligible Land or having an existing PPA.

2.5 Energy Rate and Energy Bid - a) For each Project Configuration, Proposals must include: - (i) a fixed Energy rate (the " Energy Rate ") for the term of the PPA (subject to escalation as defined in the PPA) in $/MWh to two decimal place...

AI summary The document outlines the requirements for Energy Rate and Energy Bid in Project Configurations under the PPA, specifying that proposals must include a fixed Energy rate and a fixed Energy bid reflecting the total energy output at the 50% probability of exceedance.

2.8 Interconnection Feasibility Study - a) IESO Nova Scotia's Generation Interconnection Procedure outlines the procedures for processing an Interconnection Request pertaining to a Generating Facility. Proponents are expected to meet all o...

AI summary The document outlines the interconnection procedures for generating facilities under the Green Choice Program (GCP), including requirements for proponents to submit interconnection requests, pay fees, and meet technical standards. NSPI may set minimum technical requirements for wind turbines, and proponents must provide ancillary services at their own expense.

2.10 Resource Assessment - a) Proponents must submit a Proposal that includes a resource assessment report prepared and signed by a Wind Energy Resource Assessment Professional using a minimum of one (1) year of Onsite Wind Data that valid...

AI summary Proponents must submit a proposal including a resource assessment report prepared by a qualified Wind Energy Resource Assessment Professional, using at least one year of onsite wind data and a P50 probability of exceedance to validate the energy bid for each project configuration.

3.1 Summary The RFP will be released on the RFP Effective Date, after which Proponents will have a until the Proposal Submission Deadline to submit a Proposal as described in Section [3.9.](#page-18-0) Prospective Proponents must submit a...

AI summary The RFP will be released on the RFP Effective Date, with Proponents required to submit completed Registration Forms and fees by the Registration Deadline. Proposals will be evaluated in three stages, with Project selection for the GCP Portfolio occurring in the fourth stage.

4. PROPOSAL EVALUATION The evaluation of Proposals will be conducted by the PA in five distinct stages as follows:

AI summary The evaluation of proposals will be conducted in five distinct stages by the Procurement Administrator (PA) as outlined in the document.

4.2 Stage 2 – Mandatory Requirements - a) In Stage 2, each Proposal will pass or fail depending on whether, based on the information provided in the Proposal (the Prescribed Form which the Mandatory Requirements information is submitted is...

AI summary Stage 2 of the proposal process requires each Proposal to meet specific mandatory requirements, including providing a Unique Project ID, satisfying team member experience and structure requirements, meeting renewable low-impact electricity generation project requirements, adhering to a scheduled completion date by December 31, 2030, and including energy rates and bids for each project configuration.

Scored Criteria Points Experience Available 3 points at least one (1) Designated Team Member in each of the Experience Categories has experience with respect to at least three (3) onshore wind projects each of at least 80% of the proposed...

AI summary The text outlines experience requirements for proponents in renewable energy projects, focusing on team members' experience with onshore wind projects and renewable low-impact electricity generation facilities in Nova Scotia, with specific criteria related to project capacity and commercial operation timelines.

Capitalized terms used in this RFP but not otherwise defined in this have the meanings given to them in the PPA. Term Definition New-Build means a Generating Facility proposed as a Project that is not an Expansion or an existing Generating...

AI summary The document defines key terms used in the Request for Proposal (RFP) related to generating facilities, including definitions for New-Build, Non-Collusion Requirements, Nova Scotia Supply Community, NSPI, and Onsite Wind Data. These definitions are based on the Power Purchase Agreement (PPA).

Municipal Governments • Requirements from municipal governments (including relevant by-laws) vary across municipalities. Proponents are expected to understand the specific by-laws of the relevant municipality relating to, among other thing...

AI summary Municipal governments have varying requirements and by-laws affecting renewable energy projects, including regulations on noise, planning, and separation distances from habitable buildings. Proponents must be aware of these local rules.

Appendix G - Form of Irrevocable and Unconditional Standby Letter of Credit DATE OF ISSUE: [●] APPLICANT: [●] BENEFICIARY: Minister of the Nova Scotia Department of Finance and Treasury Board and its permitted assigns (the " Beneficiary ")...

AI summary This document outlines the form of an irrevocable and unconditional standby letter of credit issued in connection with a Request for Proposals (RFP) for renewable low-impact electricity supply in Nova Scotia. It specifies the conditions under which the Beneficiary may draw on the credit, including material misrepresentation or failure to execute a Power Purchase Agreement (PPA).

Appendix H - Proposal Submission Label Green Choice Program Procurement RFP II Name of Proponent: Unique Project ID: Address: Contact: Phone No: Email: XXXX XXX Halifax, Nova Scotia XXX

AI summary Appendix H outlines the Proposal Submission Label for the Green Choice Program Procurement RFP II. It includes sections for proposers to provide their name, contact information, address, and other details required for submission.

Re: M13042 – Application by the Procurement Administrator For Approval of a Standard Form Power Purchase Agreement Dear members of the Nova Scotia Energy Board, On August 17, 2026, the Nova Scotia Energy Board ("Board") received an applica...

AI summary SWEB Development Limited Partnership provides comments on a Power Purchase Agreement (PPA) for renewable energy projects under the Green Choice Program. SWEB highlights its experience in Nova Scotia's energy landscape, including successful participation in previous procurement processes such as the Rate Base Procurement and the first round of the Green Choice Program.

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.

2. CIB and SREPs / Section Missing from the PPA - In the Request For Proposals (RFP) document, the Program Administrator stated that the Nova Scotia Department of Energy is in discussions with Canadian Infrastructure Bank (CIB) with respec...

AI summary The document highlights concerns about the removal of protections for proponents in the Power Purchase Agreement (PPA) related to financing from the Canadian Infrastructure Bank (CIB) and the Smart Renewables and Electrification Pathways Program (SREPs). The absence of these protections may increase project risks and costs, as delays in financing have previously hindered project progress.

4. Term / Section 9.1(b) - Several RFPs across Canada consider 30 year terms to secure long-term rate stability and finance massive capital investments. The advantage is that it reduces the cost per MW, guarantees additional MWs for longer...

AI summary The text discusses the recommendation to extend the term in Section 9.1(b) from 25 to 30 years to improve long-term rate stability and enable competitive bids. This aligns with practices by other Canadian utilities and supports the use of Investment Tax Credits (ITCs) over a longer period, ultimately benefiting ratepayers.

September 14, 2026 Crystal Henwood Clerk of the Board Nova Scotia Energy Board 1601 Lower Water Street, 3rd Floor Halifax, NS B3J 3S3 Re: M13042 – Procurement Administrator (Power Advisory LLC) – Green Choice Power Purchase Agreement Appli...

AI summary Nova Scotia Power Inc. submitted a letter of comment regarding Power Advisory LLC's application for approval of the Green Choice Program Power Purchase Agreement. The application was filed under the Electricity Act, and the Board set a deadline for comments on August 19, 2026.

7. Tariff Protection (s. 16.9 ) Recommendation: Remove the 7.5% Minimum Threshold in Section 16.9 so that proponents receive full protection from new tariffs, consistent with the intent of the provision and with the treatment provided unde...

AI summary The recommendation is to remove the 7.5% Minimum Threshold in Section 16.9 of the PPA to provide full protection from new tariffs. This would align Section 16.9 with Section 16.10 and ensure fair risk allocation. The threshold is seen as limiting the effectiveness of the clause and creating an imbalance in risk allocation.

1 The previous Green Choice PPA had a Pre-COD Amount of $125,000/MW and post-COD Amount of $20,000/MW (Board order for M11455, dated June 6, 2024) Summary Stakeholder Comments Procurement Administrator Response Hydro -Quebec 2023 Call for...

AI summary The document discusses the Green Choice PPA, including the Pre-COD and post-COD amounts, inflation adjustment considerations, and the Local Benefits Report. It references a Board order (M11455) and compares the PPA terms with other jurisdictions, such as Hydro-Quebec and BC Hydro. NSPI is identified as the counterparty to the contract.

11 https://www.novascotia.ca/sites/default/files/documents/1-3582/nova-scotia-clean-power-plan-presentation-en.pdf 22. Early Completion Incentive An economic analysis is needed to quantify the ratepayer cost of the Early Completion Incenti...

AI summary The text discusses the Early Completion Incentive, which aims to meet renewable energy targets while ensuring it is net-positive for ratepayers. It also addresses curtailment compensation, outlining monthly payment processes, and touches on performance security reductions, referencing comparative data from other jurisdictions.

l will be included in item 14. - Term: Twenty-five (25) years; - Site: ⚫; - Nameplate Capacity of Facility: ⚫; - Energy Rate: ⚫ ($/MWh); - Energy Bid: ⚫ (MWh/year); - Not Used - Scheduled Commercial Operation Date: ⚫; - Pre-COD Amount $35,...

AI summary The document outlines the terms of a Power Purchase Agreement (PPA) for a renewable energy project, including the term length, site details, energy rate, and financial incentives. It also includes provisions related to ownership by the Mi'kmaq of Nova Scotia and references various exhibits and appendices that form part of the agreement.

means a quarterly progress report described in Section 2.6. Remaining Term – means the remaining Term from and after the Early Termination Date without regard to termination of the Agreement. Renewable Attribute Loss – means the loss of th...

AI summary The text defines key terms related to renewable energy credits, renewable attribute loss, and the associated rate calculations, including the Renewable Attribute Loss Rate tied to the consumer price index for Nova Scotia.

2.3 Obtaining and Maintaining Electricity Standard Approval - (a) On or prior to Commercial Operation, the Seller shall obtain an Electricity Standard Approval for the Facility. NSPI shall provide the Seller, at the Seller's expense, assis...

AI summary The Seller is required to obtain and maintain Electricity Standard Approval for the Facility prior to and during the Term of the Agreement. Failure to do so results in liquidated damages based on the Renewable Attribute Loss Rate and the Daily Energy Bid, with NSPI having the right to recover these damages through Performance Security or other recourse.

3.4 Renewable Energy Credits The Seller hereby assigns, unconditionally and absolutely, all of its right, title and interest in and to all of the Renewable Energy Credits attributable to all of the Energy purchased by NSPI from the Seller...

AI summary This section outlines the assignment of Renewable Energy Credits (REC) from the Seller to NSPI, ensuring that NSPI has full ownership and control over the RECs. The Seller is required to execute documents and take actions to facilitate this transfer, with NSPI responsible for reimbursing the Seller for any related expenses.

ay of the second Contract Year, together with a payment to NSPI equal to the Renewable Attribute Loss Rate times three times the Shortfall Energy, as liquidated damages resulting from such deficiency. - (d) If the Net Output of the Facilit...

AI summary The text outlines liquidated damages for the Seller if the Net Output of the Facility falls below 80% of the Energy Bid during any Contract Year, excluding the first. The damages include a payment based on the Renewable Attribute Loss Rate and the difference between the Annual Average Marginal Cost Rate and the Energy Rate.

5.5 Premiums and Incentives The rates payable by NSPI for the purchase of Energy are set forth in this Agreement and, without limitation: - (a) the Seller shall not be entitled to any remuneration which NSPI receives from any of its custom...

AI summary This section outlines the terms regarding premiums and incentives for NSPI in the purchase of energy. NSPI retains all benefits from re-selling energy, including premiums and incentives, and also gains entitlement to Renewable Energy Credits.

GREEN CHOICE PROGRAM POWER PURCHASE AGREEMENT FOR RENEWABLE ENERGY This Power Purchase Agreement is entered into as of ⚫, 20⚫, between: Nova Scotia Power and [Insert name and address of Seller] ("Seller") Incorporated 1223 Lower Water Stre...

AI summary This document outlines a Power Purchase Agreement (PPA) between Nova Scotia Power and a Seller for renewable energy. Key terms and conditions are detailed, with placeholders for information to be filled based on the Seller's proposal. The agreement includes provisions for certification of generating technology and project ownership structure.

w Respecting Energy and Electricity (Nova Scotia). Energy Source – means the source used to generate Energy from the Facility, as specified in item [6](#page-2-7) of the Commercial Terms. Event of Insolvency – means an event or circumstanc...

AI summary This section defines key terms related to energy and insolvency, including 'Energy Source' and 'Event of Insolvency,' providing detailed descriptions of insolvency-related circumstances and procedures under applicable legislation.

ns made thereunder, in each case, as amended from time to time. Nameplate Capacity – means the nameplate capacity of the Facility, as specified in item [3](#page-2-8) of the Commercial Terms. Net Output – means the Energy output of the Fac...

AI summary The text defines various terms and acronyms related to energy production, delivery, and regulation in Nova Scotia, including Net Output, Network Upgrades, and the Nova Scotia Supply Community, as well as references to legal entities like NSPI and DNR.

2.3 Obtaining and Maintaining Electricity Standard Approval - (a) On or prior to Commercial Operation, the Seller shall obtain an Electricity Standard Approval for the Facility. NSPI shall provide the Seller, at the Seller's expense, assis...

AI summary This section outlines the Seller's obligation to obtain and maintain Electricity Standard Approval for the Facility prior to and during the Term. Failure to do so results in liquidated damages to NSPI based on the Renewable Attribute Loss Rate and Daily Energy Bid. NSPI retains the right to recover these damages through Performance Security or other means, with specific exclusions and limitations.

3.4 Renewable Energy Credits The Seller hereby assigns, unconditionally and absolutely, all of its right, title and interest in and to all of the Renewable Energy Credits attributable to all of the Energy purchased by NSPI from the Seller...

AI summary The Seller assigns all Renewable Energy Credits from energy purchased by NSPI under the Agreement, free of liens, and agrees to assist NSPI in perfecting the assignment. NSPI is responsible for any verification or registration costs.

will be restated to the average Net Output of the Facility over the 36 month period (the " NSPI Revised Energy Bid ") and the Seller will be liable to NSPI, as liquidated damages in respect of such deficiency, for the Partial Termination P...

AI summary The text outlines the terms for restating the Original Energy Bid and the Seller's liability for any deficiency in Net Output, including the calculation and payment of liquidated damages upon demand by NSPI. The provisions apply mutatis mutandis to any revised energy bid, and NSPI's remedies for deficiencies are defined.

5.5 Premiums and Incentives The rates payable by NSPI for the purchase of Energy are set forth in this Agreement and, without limitation: - (a) the Seller shall not be entitled to any remuneration which NSPI receives from any of its custom...

AI summary This section outlines the terms regarding premiums and incentives for energy purchases by NSPI. It specifies that NSPI retains all benefits from premiums and incentives associated with the resale of energy and Renewable Energy Credits, while the Seller is not entitled to any remuneration or additional compensation.

s is complete and accurate and all statements, specifications, data, confirmations and information that have been set out in the Project Description are complete and accurate in all material respects. - (i) The Seller has no reason to beli...

AI summary The Seller provides various representations and warranties, including the accuracy of information in the Project Description, compliance with laws, status as an independent power producer, and the location of the Project within Nova Scotia. The Seller also reaffirms the accuracy of the Proposal and confirms that no material information has been omitted.

Re: M13042 – Application by the Procurement Administrator For Approval of a Standard Form Power Purchase Agreement Dear members of the Nova Scotia Energy Board, On August 17, 2026, the Nova Scotia Energy Board ("Board") received an applica...

AI summary The Nova Scotia Energy Board has received an application for approval of a Power Purchase Agreement under the Green Choice Program. SWEB Development Limited Partnership submitted comments and expressed concerns about the PA's feedback, which they believe did not adequately address prior concerns or provide meaningful arguments.

October 15, 2026 [[email protected]](mailto:[email protected]) Michael Killeavy, LL.B., MBA, P.Eng. Commercial Director Power Advisory 55 University Avenue, Suite 700 Toronto, ON M5J 2H7 Dear Mr. Killeavy: M13042...

AI summary The Board has reviewed submissions in M13042 regarding a Green Choice Power Standard Form Purchase Agreement (PPA) under the Renewable Electricity Regulations. SWEB submitted comments outside the deadline, and the Board is requesting the Procurement Administrator to address an issue related to the Early Completion Incentive and the feasibility of a 2029 Scheduled Commercial Operation Date.

y unlikely that any Proponent or NSPI would be willing to commit to a 2029 Scheduled Commercial Operation Date/In-Service Date within the PPA/the Generator Interconnection Agreement (GIA). In order to allow ratepayers/Participants and the...

AI summary The text discusses the challenge of committing to a 2029 Scheduled Commercial Operation Date/In-Service Date in a PPA and GIA, and proposes an Early Completion Incentive tied to an earlier Commencement Date. The Board also requests clarification on ERIS/NRIS Connection provisions and the rationale for requiring the Commencement Date to occur before 2029.

Requirement for the Scheduled Commercial Operation and Commencement Date The Early Completion Incentive is provided to encourage the Seller to have its Facility achieve Commercial Operation before 2030 to meet a policy objective, which is...

AI summary The text discusses the requirement for the Scheduled Commercial Operation and Commencement Date under the Renewable Electricity Regulations and the Environmental Goals and Climate Change Reduction Act. These regulations mandate that 80% of electricity supplied to customers must be renewable by 2030, and projects must be operational by December 31, 2029 to support system planning and clean energy goals.