Oceanic Wind Energy Inc V.NKW.H

Federal Investment tax credit still not approved?

[BayWall]

From BC Hydro's website:


Does BC Hydro have any guidelines for how bidders should take the proposed federal government's Investment Tax Credit (ITC) program into consideration in developing their bid price?

In other words, are Proponents able to bid on a project with two bid prices, i.e., one bid price that is conditional on the federal government's ITC being approved and one bid price that applies in the event of the ITC not proceeding?

BC Hydro is not able to provide guidance on how Proponents should formulate their bids in consideration of the Investment Tax Credit. In accordance with the RFP, Proponents must submit a single bid price for their proposal.