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PUB Report

PUB Report

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Published by TheTelegram
The PUB decision on Muskrat Falls
The PUB decision on Muskrat Falls

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Published by: TheTelegram on Apr 02, 2012
Copyright:Attribution Non-commercial

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01/11/2013

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 Newfoundland 
 
&
 
 Labrador 
 
BOARD OF COMMISSIONERS OF PUBLIC UTILITIESREFERENCE TO THE BOARDREVIEW OF TWO GENERATIONEXPANSION OPTIONS FOR THELEAST-COST SUPPLY OF POWER TOISLAND INTERCONNECTED CUSTOMERSFOR THE PERIOD 2011 – 2067
REPORT TO GOVERNMENTMARCH 30, 2012
BEFORE:Andy WellsChair & Chief Executive OfficerDarlene Whalen, P.Eng.Vice-ChairDwanda Newman, LL.B.CommissionerJames OxfordCommissioner
 
NEWFOUNDLAND AND LABRADOR
BOARD
OF
COMMISSIONERS
OF
PUBLIC UTILITIES
120 Torbay Road, P.O. Box 21040, St. John's, Newfoundland and LabradorCanada,
AlA
5B2
20120330
The Honourable Jerome Kennedy, Q.C.Minister
of
Natural ResourcesGovernment
of
Newfoundland and Labrador
7th
Floor, Natural Resources Building50 Elizabeth AvenueSt. John's,
NL
AIB4J6
Dear Minister:
On
June 17, 2011 Government issued a reference directing the Board to review and report on whether thedevelopment
of
the Muskrat Falls generation facility and the Labrador-Island Link transmission line is theleast-cost option for the supply
of
power to Island Interconnected customers over the period
of
2011-2067, as compared to the isolated Island development scenario, with both options outlined
in
the Terms
of
Reference.
We
are pleased to advise that the Board has completed its review and is now submitting its report.Respectfully submitted,
{
Andy WellsChair and Chief Executive OfficerDwanda Newman, LL.B.CommissionerDarlene Whalen, P. Eng.Vice-Chair
 
i
EXECUTIVE SUMMARY
 
The Reference
On June 17, 2011 Government issued a reference to the Board of Commissioners of PublicUtilities (the “Board”), pursuant to section 5 of the
 Electrical Power Control Act 
, directing theBoard to review and report on whether the Muskrat Falls generation facility and the Labrador-Island Link transmission line represents the least-cost option for the supply of power to IslandInterconnected customers over the period of 2011-2067 as compared to the isolated Islanddevelopment scenario (the “Reference Question”).In answering the Reference Question the Board was directed to consider and evaluate factors itconsiders relevant, including Hydro’s and Nalcor’s forecasts and assumptions for the Island load,system planning assumptions, and the processes for developing and comparing the estimatedcosts for the supply of power to Island Interconnected customers. The Board was directed toassume that any power from the Muskrat Falls generation facility which is in excess of the needsof the Province is not monetized or utilized, and therefore to not include consideration of theoptions and decisions respecting the monetization of the excess power from the Muskrat Fallsgeneration facility, including the Maritime Link project.The two options to be compared were set out in the Terms of Reference as the Muskrat Fallsgeneration facility and the Labrador-Island Link transmission line (the “Interconnected Option”),and an isolated Island development scenario (the “Isolated Island Option”). Consideration of matters such as other supply options and the potential impact on rates for Island customers wasnot part of the Board’s review.Thomas Johnson, LL.B., was appointed by Government as the Consumer Advocate.This report sets out the Board’s response to the Reference Question and reflects the informationprovided by Nalcor, the findings of the Board’s expert consultants, input from presenters andother persons who participated in the review, and the final submissions by Nalcor and theConsumer Advocate.
Review Process
The Board engaged the services of Manitoba Hydro International (“MHI”) as its expertconsultant to assist with the review. MHI’s two-volume report was released on February 1,2012.A significant amount of documentation was filed by Nalcor during the review, including publicand confidential exhibits. In addition Nalcor filed responses to 605 information requests.The Board set aside two weeks commencing February 13, 2012 for presentations by Nalcor,MHI and other interested parties. A number of written comments and presentations were alsoreceived during the process. All review documentation, including transcripts, was posted to theBoard’s website, and the daily proceedings were webcast.

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