Ann: Regulatory & Project Development Update, page-177

Sadly KPO in recent years is a prime example of the pitfalls of government interference in policy/regulation.

They were all set for Saddle Hills and other small sites when the DCG credits were pulled out from under us.

KPO decided to still go ahead with SH as a peaker, but then the CERs were proposed.

Prior to that they got wind of the ITC credits coming for CCUS so moved on bigger projects in anticipation of that.

But then SH and the large CCUS projects got bogged down with the ongoing uncertainty of the final regs and passage of ITC legislation.

Finally the ITC credits are about to be passed however for the sake of SH we are still waiting for the final CER regulations.