[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Ratepayers at risk in NSP turbine deal, says producer  

Credit:  CBC News | January 13, 2013 | www.cbc.ca ~~

An independent power producer in Cape Breton says Nova Scotia Power should not be asking ratepayers to pay for its share in a proposed $200-million wind farm.

Three big companies, including the power utility, have teamed up to make South Canoe project in Vaughan in Lunenburg County the largest wind farm in the province.

Oxford Frozen Foods and Minas Basin Pulp and Power will own 51 per cent of the turbines. Nova Scotia Power will own 49 per cent.

In August South Canoe beat out 16 other smaller power producers bidding to supply green electricity to the grid.

Cape Breton entrepreneur Luciano Lisi was one of the bidders who lost out. He’s sore Nova Scotia Power isn’t prepared to take the risk for its share in South Canoe.

“They’re perfectly free to do it all on their shareholders coin, all on their own risk and rewards. Why are they now going to the ratepayers and saying, ‘Hey, we put in the lowest price but really we want you to take all the risk and we want you to pay for it,'” he asked.

Nova Scotia Power emailed CBC News saying South Canoe wind farm will generate electricity at a lower cost than the other bidders.

Lisi said that’s because with the Nova Scotia Power acting as a regulated utility in the partnership some of the cost can be transferred to ratepayers.

He said he will ask the UARB to treat the utility the same as its private partners.

“You cannot be fish, chicken and meat all at the same time. Pick one,” he said.

In the Spring the Utility and Review Board will decide if ratepayers should be charged $93 million for Nova Scotia Power’s stake in the wind farm.

The 50 turbines will provide 102 megawatts of electricity, enough for about 28,000 people.

The South Canoe project has already received environmental approval. The province plans to have 40 per cent of power generated from renewable sources by 2020.

Source:  CBC News | January 13, 2013 | www.cbc.ca

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter