The Risks and Challenges of Alberta’s Big Build
Johanne Picard-Thompson SVP, Projects March 27th, 2014 AltaLink at a glance
• We are Canada’s only fully independent transmission company • AltaLink currently owns and operates: • 280 substa ons • 12,000 km of 69 kV to 500 kV transmission lines • the Alberta por on of the inter e to Bri sh Columbia • We serve more than three million people, or 85% of Alberta’s total popula on • AltaLink is the first transmission company in Canada to receive CEA’s Sustainability Award AltaLink’s project por olio is diverse
Heartland 12S 1054L / 1061L Chris na Lake Chris na Lake Pike 723S Heartland EPCOR
Heartland 920L / 921L Round Hill
Cherhill (HATD) Athabasca Wabamun-Edmonton Athabasca Upgrade Sundance / Wabamun Debo lenecking Debo leneck Edmonton Region Heartland 942L / 943L Hanna Nilrem (HATD) Hinton (HATD) EDMONTON Hanna Hasman Lake (HATD) Yellowhead Western Alberta Transmission Line Central East Transmission Development (CETD) Drayton Valley (HATD) (“WATL”) Red Deer Red Deer Area Transmission Development (RDATD) Red Deer Eyre (HATD)
Hanna (“HATD”) East Calgary to Janet (ECTP)
Hanna Ware Junc on (HATD)
NFTP East Cassils to Bowmanton (CBW) NFTP Janet to CALGARY Foothills (FATD) Foothills (“FATD”) Wildrose 1 (East Palliser North) Picture Bu e to Etzikom Coulee (SATR II) SFTP MEDICINE HAT Oldman River Interconnec on South (“SATR”) Bowmanton to Whitla (CBW)
Wildrose 2 (East Palliser South) Fidler to Chapel Rock (SATR II) LETHBRIDGE Shell Wild Steer Bu e Castle Rock Ridge (CRR) Etzikom Coulee to Whitla (SATR)
Fidler 312S SW 240 kV 2013 provides a sense of scale
Over $1.5B in assets energized and an addi onal $1.6B in applica ons approved and moved into construc on
Facility Permits Projects 2013 Applica ons Filed Received Completed Milestone 19 22 25 Achieved $ Value of $904M $1.6B $1.5B Projects
The “Big Build” is big in terms of the number of projects and the size of projects in progress simultaneously Customers drive our growth
• Large customers are se ng the pace of growth for system projects • Customers also require to “connect” their developments to the grid through interconnec on projects • Speed of connec ng customers to the grid is a major concern • Current cycle me is 36 months • Target cycle me is 18 to 24 months Key challenges are also ‘big’
• Simultaneous execu on of major projects • Labour availability • Impact of Alberta’s hot market on project costs • Environmental regula on • Consulta on requirements • Increased cost scru ny by interveners and regulator • Uncertainty in government policy Thank you - Merci