In early January 2017, Halifax-based energy and services
provider, Emera Inc., initiated a solicitation process to procure
clean energy for bundling with transmission capacity on its
proposed Atlantic Link transmission project. The Atlantic Link
proposal would deliver up to 900 megawatts (MWs) of energy from a
new converter station to be constructed at Coleston Cove, New
Brunswick to a new converter station to be constructed at one of
two proposed landing sites in Massachusetts. The energy would be
transmitted through an approximately 563 kilometer under water
high-voltage direct current electric transmission line. The
combined generation and transmission proposal is being prepared in
advance of an anticipated request for proposal to procure up to
1,200 MWs of hydro and/or wind energy expected to be released by
the State of Massachusetts in the coming months.
To meet U.S. regulatory requirements and provide certain
assurance of fairness and transparency to proponents and the
Federal Energy Regulatory Commission, Power Advisory LLC has been
engaged as an independent administrator of the Emera's energy
solicitation process. According to the solicitation notice, bid
proposals will be evaluated and ranked based on the following
criteria: offered price for sale of energy, evaluated cost of
energy to the Atlantic Link terminus in New Brunswick, cost to firm
the energy offered, maximization of the utilization of the
transmission capability of the Atlantic Link, firmness of energy,
energy source and resource mix, the proponent's capacity to
deliver the energy offer, financial capability and relevant
experience, the proponent's plans for community engagement and
environmental approval plan, and the likelihood of successful
execution of an Indigenous People's declaration and plan.
Emera has stated its intention that the proposed Atlantic Link
would be in-service by the end of 2022. The anticipated costs to
construct the transmission line and converter stations are pegged
roughly at US$2 billion with up to an additional US$2 billion for
energy generation. The deadline for Emera to receive proposals from
qualified proponents is April 12, 2017. For more information,
please visit: http://www.atlanticlink.com/en/home/default.aspx.
IN ALBERTA, DIRECTORS AND OFFICERS OF COMPANIES MAY FACE PERSONAL LIAB ILITY UNDER ENVIRONMENTAL AND REGULATORY STATUTES, particularly under the Environmental Protection and Enhancement Act1, and the Oil and Gas...
In January 2017, in ABAER 001 - Bonavista Energy Corporation A Regulatory Appeal of Two Well Licences and an Application for a Pipeline Gilby Field (Bonavista case), the Alberta Energy Regulator (AER) issued the first of its decisions for 2017 ...
March 29, 2017 – Cenovus Energy Inc. ("Cenovus") agreed to acquire ConocoPhillips's 50% interest in the FCCL Partnership, which is the companies' jointly owned oilsands venture operated by Cenovus. Cenovus is also purchasing the majority of ConocoPhillips's Deep Basin conventional assets in Alberta and British Columbia.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).