Diversion agreement definition
Examples of Diversion agreement in a sentence
Since BC Hydro has a surplus of energy at present, it appears to the Panel that BC Hydro does not need the energy it is currently purchasing from the ▇▇▇▇▇▇ North Project, and that BC Hydro’s reasons for not terminating the ▇▇▇▇▇▇ North EPA relate primarily to the benefits it receives under the Diversion Agreement, which would terminate if the ▇▇▇▇▇▇ North EPA were to be terminated.
The Panel does not consider it appropriate for the BCUC in future to be placed in the position of accepting the ▇▇▇▇▇▇ North Project as a source of energy for BC Hydro merely because BC Hydro has not investigated alternatives to the Diversion Agreement.
Since BC Hydro has not explored alternatives to the Diversion Agreement, the Panel is not convinced that the benefits of the Diversion Agreement outweigh the cost of buying, apparently unnecessarily, energy under the ▇▇▇▇▇▇ North EPA, a cost to ratepayers which the BCUC is unable to review pursuant to Direction No. 8.
However, BCOAPO submits that BC Hydro’s plans not to terminate the ▇▇▇▇▇▇ North EPA were/are based on the need to maintain the Diversion Agreement, which continues only so long as the ▇▇▇▇▇▇ North EPA is in effect.
The Panel directs BC Hydro to perform an analysis of alternative means of meeting its obligations to the DFO in the absence of the Diversion Agreement and to submit this analysis to the BCUC for review as part of BC Hydro’s next long-term resource plan.