Bear Swamp definition

Bear Swamp means Bear Swamp Power Company, LLC, a 600 MW pumped storage hydroelectric company incorporated under the laws of the State of Delaware in which Emera indirectly holds a 50% interest;
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Bear Swamp means Bear Swamp Power Company, LLC, a company incorporated under the laws of Delaware in which Emera holds a 50% interest;
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Bear Swamp means Bear Swamp Power Company, LLC, a company incorporated under the laws of Delaware and an indirect subsidiary of Emera;
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Examples of Bear Swamp in a sentence

  • Emera has standby letters of credit in the amount of $24 million USD for the benefit of secured parties in connection with a refinancing of the Bear Swamp joint venture and also to third parties that have extended credit to Emera and its subsidiaries.

  • Other long-term liabilities consisted of the following: (1) Emera has a 50 per cent investment in Bear Swamp.

  • Under USGAAP, the Company accounts for its investment in Bear Swamp using the equity method, whereby the amount of the investment is adjusted quarterly for the Company’s pro-rata share of Bear Swamp’s post-acquisition net income and reduced by the amount of any dividends received.

  • As part of its long-term energy and capacity supply agreement with the Long Island Power Authority (“LIPA”), which extends to 2021, Bear Swamp has contracted with Emera’s joint venture partner to provide the off-peak power necessary to produce the requirements of the LIPA contract.

  • Emera Energy consists of EES, a wholly owned physical energy marketing and trading business and an equity investment in a 50 per cent joint venture ownership of Bear Swamp, a 660 MW pumped storage hydroelectric facility in northwestern Massachusetts.

  • The Company exercises joint control over its investment in Bear Swamp with its third-party partner and therefore, proportionately consolidated the investment under CGAAP.

  • Under the proportionate consolidation method the Company recognized its pro-rata share of the jointly controlled assets and liabilities of Bear Swamp in the Company’s balance sheet and recognized its pro-rata share of the revenues and expenses of Bear Swamp in the Company’s income statement.

  • Brooklyn Energy has a long-term purchase power agreement with NSPI;·a 50.0 per cent joint venture interest in Bear Swamp Power Company LLC (“Bear Swamp”), a 600 MW pumped storage hydroelectric facility in northern Massachusetts.

  • Refer to the “Developments” section for further details; and ● an equity investment in a 50.0 per cent joint venture ownership of Bear Swamp, a 600 MW pumped storage hydroelectric facility in northwestern Massachusetts.

  • Business operations in Other include Emera Energy, which consists of: ● Emera Energy Services (“EES”), a wholly owned physical energy marketing and trading business; and ● an equity investment in a 50.0 per cent joint venture ownership of Bear Swamp, a 600 MW pumped storage hydroelectric facility in northwestern Massachusetts.

Related to Bear Swamp

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A has the meaning set forth in Section 5.1.C.

  • Interest Rate Swap means any interest rate swap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Class A-2 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class B Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).