Facility Name

Alberta PPA - Merchant

Alberta PPA - Merchant

http://laws.justice.gc.ca/eng/regulations/SOR-2012-167/FullText.html

useful life, in respect of a unit, means the period that begins on the commissioning date and ends on

(a) for a unit other than a unit referred to in paragraph (a) of the definition commissioning date,

(i) in the case of a unit whose commissioning date is before 1975, the earlier of

(A) December 31 of the calendar year that is 50 years after the commissioning date, and

(B) December 31, 2019; and

(ii) in the case of a unit whose commissioning date is after 1974 but before 1986, the earlier of

(A) December 31 of the calendar year that is 50 years after the commissioning date, and

(B) December 31, 2029, and

(iii) in any other case, December 31 of the calendar year that is 50 years after the commissioning date, and

(b) for a unit referred to in paragraph (a) of the definition commissioning date, 18 months after the applicable date described in subparagraph (a)(i), (ii) or (iii). (vie utile)

https://albertapowermarket.com/2017/05/29/making-sense-of-the-recent-coal-to-gas-conversion-announcements-in-alberta/

"TransAlta plans to convert Sundance Units 3 to 6 and Keephills Units 1 and 2 to gas in 2021 – 2023 – instead of in 2026 – 2030. "

https://www.transalta.com/wp-content/uploads/2018/03/TransAlta_Investor_Presentation_March2018.pdf

 Government of Alberta annual off-coal payments of $37.4 million totaling $524 million  First payment received in Q3/17  Opportunity to monetize ($300-350 million

"Conversions will be able to enter the market faster, at lower capital cost and
with substantially less risk than new CCGT
"