The Nova Scotia Utility and Review Board has approved a $1.52-billion deal with conditions for the Maritime Link, a subsea cable designed to transport power from the Muskrat Falls project to Nova Scotia.
Nova Scotia Power's parent company, Emera, is a minority partner in the Muskrat Falls project and is responsible for the Maritime Link, which may see as much as 40 per cent of the electricity from the 824-megawatt project moved to Cape Breton by subsea cables.
The UARB ruled the project is likely the cheapest option for Nova Scotia ratepayers — but only if Newfoundland and Labrador's power company, Nalcor energy, can guarantee access to additional amounts of hydroelectricity to meet Nova Scotia's needs at market price.
Emera is currently set to receive 20 per cent of the power produced from the $7.7-billion Muskrat Falls project, but the UARB said the lack of guaranteed power beyond that 20 per cent level creates "substantial uncertainty," and without a commitment from Nalcor to provide additional energy, the deal is not the cheapest energy alternative for ratepayers.
The board's approval is conditional on receiving that commitment from Nalcor in writing.
"Taking into account all of the evidence, the board finds, on the balance of probabilities, the [Maritime Link] project (with the market-priced energy factored in) represents the lowest long-term cost alternative for ratepayers in Nova Scotia. In the absence of market-priced energy the Maritime Link project is not the lowest long-term cost alternative," stated the UARB's summary of findings.
An assistant to Nalcor spokeswoman Karen O'Neil confirmed that the utility was meeting today to discuss providing additional market-priced energy to Nova Scotia.
The project would see ratepayers footing the bill for the next 35 years. Emera said the project would add $1.50 per month to the average household's power bill over the first five years.
During the spring UARB hearings no one opposed the project outright but the consumer advocate, along with a lawyer representing several big businesses, said the project is simply too risky to be locked into for over three decades.
They said they believe Emera should take the financial hit, not ratepayers.
Where do you stand on the Maritime Link plan?
Anda sedang membaca artikel tentang
N.S. utility board approves $1.52B deal for Muskrat Falls link
Dengan url
http://belajarbisnismen.blogspot.com/2013/07/ns-utility-board-approves-152b-deal-for.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
N.S. utility board approves $1.52B deal for Muskrat Falls link
namun jangan lupa untuk meletakkan link
N.S. utility board approves $1.52B deal for Muskrat Falls link
sebagai sumbernya
0 komentar:
Posting Komentar