city council presentation 12-15-14 [read-only] · 15/12/2014  · city council presentation...

12
Footprint Power Reducing Carbon Emissions One Step at a Time 1 ® Footprint Power Salem City Council December 15, 2014 ®

Upload: others

Post on 05-Jun-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time1

®

Footprint Power

Salem City Council

December 15, 2014

®

Page 2: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time2

®

Permitting Status• DEP issued state air plan approval and federal PSD permit on

January 30, 2014

• Settlement reached with the Conservation Law Foundation on February 18, 2014

• EFSB issued Certificate of Environmental Impact and Public Interest incorporating all local and state permits and ending appeals of those permits on February 25, 2014

• PSD permit appealed to EPA Environmental Appeals Board on March 3, 2014

• PSD appeal denied by EAB on September 2, 2014

• FERC granted deferral of Commercial Operation Date from June 1, 2016 to June 1, 2017 to reflect delays beyond Footprint’s control

• PSD Permit appealed to United States Court of Appeals for the First Circuit in November 2014

Page 3: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time3

®

Financing Status

• Several lender commitments for project debt have already been

obtained – additional banks in credit committee this week

• Financial Close to occur as soon as final commitments are received and

all conditions precedent are met

• At Financial Close, Highstar Capital will join our team, committing the

project equity along with Toyota Tsusho

• Footprint will remain in the project in an asset management role and

will retain an economic participation in the project

• Footprint also retains remaining 40+ acres for future development

Page 4: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time4

®

Demolition Status• Existing Salem Harbor Station shut down May 31, 2014

• Demolition began in July

• All oil tanks have been demolished

• Coal conveyor has been removed

• Aboveground piping has been removed

• Stack 5 demolition was completed this past Saturday

• All structures south of the Fort Avenue entrance have been

demolished

• Scrap steel has been removed from the site via barge

• 12 barges of material removed so far have avoided approximately 900 truck trips through Salem

• Demolition work will now shift to the area north of entrance driveway including the building and remaining two stacks

Page 5: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time5

®

Salem Harbor Site During Operations

Page 6: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time6

®

August 14, 2014

Page 7: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time7

®

First Cruise Ship – October 19, 2014

Page 8: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time8

®

December 2, 2014

Page 9: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time9

®

December 14, 2014

Page 10: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time10

®

Remediation Status

• Remediation work began in November once demolition was sufficiently advanced to permit access to areas that required remediation

• To date, approximately 10,000 tons of contaminated soils have been removed

• Remediation of area where new plant will be built is expected to be complete this week, subject to confirmatory sampling

• Remediation work will now shift to the remaining 40+ acres

• All remediation expected to be complete by February

• Licensed Site Professional will continue to monitor the site through construction to ensure that any remediation issues uncovered during construction are addressed through the MCP

Page 11: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time11

®

Construction Status

• Executed Engineering, Procurement and Construction contract with Iberdrola Energy Projects

• Engineering arm of Iberdrola Group

• Worldwide construction experience

• Affiliate of Central Maine Power and Rochester Gas & Electric

• Iberdrola and its local subcontractors are mobilizing to the site

• 43,000 tons of structural fill has been brought to the site via barge to begin filling and compacting the site

• Fill and compact to begin next week

• Construction to begin as soon as site preparation activities are completed

Page 12: City Council Presentation 12-15-14 [Read-Only] · 15/12/2014  · City Council Presentation 12-15-14 [Read-Only] Author: dpangallo Created Date: 12/17/2014 11:49:59 AM Keywords ()

Footprint PowerReducing Carbon Emissions One Step at a Time12

®

Salem Harbor – Harbor View