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H. Extension of Facilities - Overhead


Rate Schedules and Policies Manual

H. Extension of Facilities - Overhead

RSP H-6

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Extension of Transmission Facilities

NB Power will extend the transmission system to the Customer's substation terminating structure. The Customer will provide a guarantee for the total cost of the transmission system expansion less any contribution to capital made in accordance with Attachment K of NB Power’s Open Access Transmission Tariff (OATT). Guarantees may be in the form of cash, letters of guarantee from Chartered Canadian banks or trust companies, bearer bonds guaranteed by either the Government of Canada or the Province of New Brunswick, or surety bonds issued by a duly authorized company.

This guarantee is reduced each year by an amount equal to 10% of the total of the previous twelve months' paid bills for power and energy. If the guarantee is not fully refunded within the first five (5) years, NB Power will demand payment for the remaining amount of the guarantee.

When the guarantee is cash, the interest rate shall be equal to the prime rate, as quoted by the Royal Bank of Canada, minus two per cent (2%).

Large
Industrial

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disclaimer | NB Power - RSP 15 December 2018