HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Proposed RRRP amendment
A proposed regulatory ammendment would permit money collected from all Ontario consumers under the "rural or remote electricity rate protection" (RRRP), of their hydro bills to be put towards the costs of connecting communities in the North East to the electricity grid.
This came out 2 days ago. Comments close date is March 26, 2016
http://www.ontariocanada.com/registry/view.do?postingId=20883&language=en
"Summary of Proposal:
Amendments to O.Reg. 442/01 are proposed to enable the partial funding of the project to grid-connect remote communities and reduce the use of diesel generation. The amendments would allow RRRP to be used to cover a portion of the costs required to build and operate the lines that would connect remote First Nation communities to the transmission grid. This would include costs associated with a new transmission line to Pickle Lake and upgrades to existing transmission infrastructure between Dryden and Red Lake which are needed to support the connection of the remote communities, as well as lines needed to connect the communities.
The proposed amendments would also expand the definition of remote area to include communities that become grid-connected. Without making this change, communities that become connected would no longer receive RRRP.
Since RRRP can only be collected by licensed distributors regulated by the OEB, the proposed amendments will only apply to grid connection infrastructure needed to connect the 12 communities currently served by RemoteCo that are considered economical to connect. Ontario's objective is to facilitate the connection of all communities where it is economical to do so, including the nine that are currently served by independent power authorities (IPAs). A significant portion of the lines needed to connect communities served by RemoteCo and by IPAs would be shared infrastructure, and the proposed regulatory amendments to O. Reg. 442/01 are a first step to enable cost recovery for the project. As the remote connection project evolves, future regulatory amendments may be proposed to support RRRP funding for additional communities.
Any industrial or other customers that propose to share use of the new or upgraded infrastructure would continue to contribute to costs as outlined in the Ontario Energy Board's codes."
The proposed amendments would also expand the definition of remote area to include communities that become grid-connected. Without making this change, communities that become connected would no longer receive RRRP.
Since RRRP can only be collected by licensed distributors regulated by the OEB, the proposed amendments will only apply to grid connection infrastructure needed to connect the 12 communities currently served by RemoteCo that are considered economical to connect. Ontario's objective is to facilitate the connection of all communities where it is economical to do so, including the nine that are currently served by independent power authorities (IPAs). A significant portion of the lines needed to connect communities served by RemoteCo and by IPAs would be shared infrastructure, and the proposed regulatory amendments to O. Reg. 442/01 are a first step to enable cost recovery for the project. As the remote connection project evolves, future regulatory amendments may be proposed to support RRRP funding for additional communities.
Any industrial or other customers that propose to share use of the new or upgraded infrastructure would continue to contribute to costs as outlined in the Ontario Energy Board's codes."
Further Information:
Link to Environmental Registry Proposal Number:
16-ENE001
Posting Date:
February 10, 2016
Comments Due Date:
March 26, 2016
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