The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: A quick question on Shannon wins. And I think the EBITDA reduced by about 50% and the generation increased by 50%, I think one of the reasons
that was flagged was just higher property taxes. I was just wondering whether -- what was the size of the property tax and whether that was
recognized fully in the quarter or whether that was, like, spread out through the year?
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: Okay, perfect. And then for the Chilean assets, could you just talk about the EBITDA profile over the year in terms of how Q1 should compare with
the rest of the quarters, like are, I guess, Q2 and Q3 the stronger quarters or how do you like just -- can you just give a big picture profile on EBITDA?
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MAY 15, 2019 / 1:00PM, INE.TO - Q1 2019 Innergex Renewable Energy Inc Earnings Call
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: Okay. So Q4, Q1 are the stronger quarters for Duqueco, right?
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: Okay. Perfect. And then just one question on Foard City. The -- I guess, it looks like the hedges are at around $15, $16 per megawatt?
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: Oh, I see. Because I would have thought the hedges are below market, but you're assuming the spot price is going to be lower than the hedge,
whereas I thought hedges are generally lower than the spot price?
Question: Nelson Ng - RBC Capital Markets, LLC, Research Division - Analyst
: Okay, got it. And then moving to France, could you just clarify whether you were able to get your projects up to the level where you can bid into
the wind RFP?
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affiliated companies.
MAY 15, 2019 / 1:00PM, INE.TO - Q1 2019 Innergex Renewable Energy Inc Earnings Call
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