Innergex Renewable Energy Inc Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : My first question relates to Griffin Trail. Can you just talk about the -- like how should we think about the project cost to EBITDA multiple and the expected returns for that project?

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Okay. So you mentioned that the -- yes, it looks like your EBITDA assumption or your underlying assumption for EBITDA forecast for Griffin Trail is about $20. Like if you were to contract or enter into a hedge for that project, where is the market price today? It's -- I presume it's a little bit below $20, like similar to Foard?

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Okay. Got it.

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Okay, got it. And then just moving over to France. It looks like the temporary shutdowns at 2 facilities continued on from Q2. Can you give some color as to probably what those shutdowns relate to? And will they carry on into Q4?

Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst : I wanted to touch base on the -- some of the scope reshaping at the Innavik debt. And I'm wondering -- I know you pay down debt each year on your hydro assets. But you look at the trends we're seeing with lenders, are you getting the sense that maybe you can reshape a lot of the debt in the years ahead, that you can keep leverage on a bit more than what you've expected in the past?

Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst : Okay. I was wondering if the Site C project, probably a low probability of that being canceled as they're still using about it in the press. Can you comment on it? Let's just say, it does get canceled, does BC need more power? And does your prospective portfolio position you for that?