city council presentation 12-15-14 [read-only] · 15/12/2014 · city council presentation...
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![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 ()](https://reader035.vdocuments.us/reader035/viewer/2022070800/5f0247637e708231d40378f8/html5/thumbnails/1.jpg)
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Footprint Power
Salem City Council
December 15, 2014
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![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 ()](https://reader035.vdocuments.us/reader035/viewer/2022070800/5f0247637e708231d40378f8/html5/thumbnails/2.jpg)
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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
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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
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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
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Salem Harbor Site During Operations
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August 14, 2014
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First Cruise Ship – October 19, 2014
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December 2, 2014
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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 ()](https://reader035.vdocuments.us/reader035/viewer/2022070800/5f0247637e708231d40378f8/html5/thumbnails/10.jpg)
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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
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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
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Salem Harbor – Harbor View