EBI had a previous approval to construct and operate the Bonnybrook Energy Centre, a 165 MW natural gas-fired plant in Calgary, Alberta.
EBI in May asked the commission for approval to extend the completion date of the power plant from June 30, 2016, to June 30, 2020. EBI stated it was delaying construction in response to power plant additions made by ENMAX Power Corp. and the weak economic conditions in the Alberta electricity market.
EBI also stated that the Bonnybrook Energy Centre would supply mid-merit energy and currently ENMAX’s near-term requirement for mid-merit energy is satisfied with the purchasing of the Cavalier Energy Centre and 50 percent ownership of the Balzac Energy Centre.
EBI stated that extending the completion date of the power plant would allow it the opportunity to respond to improving market conditions once the weak economic condition subsides. EBI added that extending the completion date would preserve it the opportunity to meet the changing generation supply needs of the Alberta market due to the retirement of coal-fired power plants.