Topic:"System Reliability" in M12394

19 C. Executive Summary - 20 We have prepared this report on behalf of NSP Maritime Link Incorporated ("NSPML" "Maritime - 21 Link" or the "Company"). NSPML is a subsidiary of Emera Newfoundland & Labrador Holdings, - 22 Inc. ("ENL"), whic...

AI summary The Maritime Link is a transmission infrastructure project connecting Muskrat Falls in Newfoundland to Nova Scotia, completed on time and within budget at a cost of $1.7 billion. It provides hydroelectric power to Nova Scotia, reducing reliance on coal and supporting renewable energy goals. The project includes HVDC transmission lines and converter stations in both provinces.

r limitations. 57 Melbourne Asia Review, "Securing the backbone: Security Challenges to and Governance of Submarine Cables in the Indo-Pacific," June 3, 2024. 1 Burial methodology and protection systems will vary substantially based on 2 g...

AI summary The text discusses the challenges and risks associated with the burial and protection of interconnector cables, emphasizing the importance of ongoing monitoring and robust risk management strategies. It highlights factors such as seabed topography, marine traffic, and the need for specialized equipment and protocols.

APRIL 2025 IRELAND Population - 5.2mn (Mid 2023, UN) Histori ical Data Consensu s Forecasts Nominal GDP - US$545.7bn (2023) 2021 2022 2023 2024 2025 2026 Gross Domestic P roduct (% change on previous year) 16.3 8.6 -5.5 1.2 3.3 2.7 Industr...

AI summary The document provides economic data for Ireland, Israel, and Nigeria, including population, nominal GDP, GDP growth rates, industrial production changes, consumer price inflation, and current account balances for various years up to 2026. It also includes forecasted data and interest rates for Ireland.

NON-CONFIDENTIAL - 1 Reduced physical safety exposure The option to use helicopters to transport to site where more - 2 efficient, the more expedient inspection requiring fewer resources, the reduced reliance on utility - 3 terrain vehicle...

AI summary The use of drones for inspections reduces physical safety risks by minimizing the need for on-site work, reducing reliance on terrain vehicles, and avoiding hazardous conditions such as working at heights and traversing challenging terrain.

NON-CONFIDENTIAL 1 Response IR-25: 2 3 a) & b) 4 5 Most of the assets within the Maritime Link are part of a single significant transmission 6 corridor primarily for the transfer of the Nova Scotia Block and market energy. The 7 relative c...

AI summary The response discusses the significance of the Maritime Link transmission corridor in Nova Scotia, emphasizing its critical role in system operations and reducing fossil fuel reliance. It highlights the complexity of converter stations and their importance in system stability and operational flexibility.

ction or inability to act causing material physical damage to, or materially impairing the operation of, or access to, any of the Defined Assets or the Island Interconnected System or any machinery or - equipment comprising part of or used...

AI summary The text defines Force Majeure events under the agreement, including physical damage, regulatory issues, inability to maintain permits, and curtailments required for system reliability. It also excludes certain events from being considered Force Majeure unless they align with the NS OATT definitions.

5.6 Placement of Required Insurance If Nalcor fails to obtain or maintain any insurance required to be maintained by it hereunder, Emera may place insurance on its behalf and all costs thereof or in relation thereto shall be for the sole a...

AI summary This section outlines the responsibility of Nalcor to maintain required insurance. If Nalcor fails to do so, Emera has the authority to place insurance on its behalf, with all related costs being borne solely by Nalcor.

10.3 Allocation of Nova Scotia Block due to Transmission System Curtailment - (a) Definition In this Section, " Firm Point-to-Point Transmission Service " means, with respect to the LIL, the Island Interconnected System and the LTA, any tr...

AI summary This section outlines the allocation of the Nova Scotia Block during transmission system curtailment events, specifying how energy is prioritized and proportionally curtailed across different systems and services, particularly in cases involving the Labrador-Island Link and the Muskrat Falls Project.

1. Definitions The " Reliability Coordinator " is the highest level of authority that is responsible for the reliable operation of the bulk energy system in both next day analysis and real time operation. This entity must have a purview th...

AI summary The document defines the 'Reliability Coordinator' as the highest authority responsible for the reliable operation of the bulk energy system, including the calculation of 'Interconnection Reliability Operating Limit'. The NB system operator and its successors are designated as the Reliability Coordinator for Nova Scotia, while the NL System Operator and its successors fulfill this role for the NL bulk energy system.

REDACTED 1 The Maritime Link submarine cables, compared to more traditional HVAC assets, have a 2 more unique design, and are more complex to inspect, maintain and repair, any intervention 3 will be inherently more complicated and more cos...

AI summary The text discusses the complexity and higher costs associated with maintaining and repairing the Maritime Link submarine cables compared to traditional HVAC assets. NSPML notes that while external risks are low, internal risks and repair complexity are significant. The Board directed NSPML to use an industry failure rate of 1 failure every 10 years for contingency planning.

Utility Consulting - Testifying expert on cost of capital matters and the assessment of business and financial risk for regulated electric, gas and water utilities in both Canada and the U.S. - Prepare expert testimony and exhibits for ret...

AI summary The text describes the activities of a testifying expert in utility consulting, including work on cost of capital, mergers and acquisitions, regulatory due diligence, and conservation programs. The expert has prepared testimony and exhibits for various utility clients and has analyzed service outages and internal policies for gas distribution companies.

Why do this project now? The System Impact Study Report TSR400-SIS2-R1 prepared by the Nova Scotia Power System Operator dated 2013- 03 identified six actual, or potential, system upgrades required to prevent NS Power transmission related...

AI summary The System Impact Study Report from 2013 identified six system upgrades needed to prevent thermal overloads and voltage collapses. This project, L6613, was completed before the ML Project interconnection to eliminate system constraints and ensure reliability as energy from the Maritime Link is received by NS Power.

15 F. Capital Market Conclusions Interest rates on government and utility bonds have remained about the same as when the UARB approved the settlement in NSPI's previous GRA. This indicates that despite the uncertainties in the economy, the...

AI summary The document discusses the stability of interest rates on government and utility bonds since the UARB approved the settlement in NSPI's previous GRA. It highlights long-term challenges for the utility industry, including climate change, decarbonization, and grid modernization, as well as emerging load growth from electrification and data centers. Economic forecasts and modeling approaches such as CAPM, Risk Premium, and DCF are referenced.

1 j. Conclusions on Business Risk 2 As discussed in this Section, NSPI's risk profile is characterized by the following factors: 1) 3 ownership of substantial regulated generation assets; 2) the need to retire a substantial amount 4 of the...

AI summary NSPI's business risk profile includes regulated generation assets, retirement of thermal generation, capital investments for renewable transition, FAM audits, volumetric risk, weaker economic trends, and storm exposure. The company requests continuation of the storm rider pilot. Credit agencies are closely monitoring NSPI's decarbonization risks.

e OEB finds that the unfolding transition also presents opportunities for electricity utilities, particularly through increased demand for electricity and expanded investment in system infrastructure. For example, the growing electrificati...

AI summary The OEB finds that the energy transition presents opportunities for electricity utilities through increased demand and investment in infrastructure. It acknowledges that regulatory tools like DVAs have provided stability and that current ROE adjustments reflect incremental risk. The OEB does not support changing the capital structure or the 2009 Cost of Capital Framework.