3.0 POSSIBLE OWNERSHIP OF SPS 3.1 Introduction 3.1.1 Summary Three different ownership and/or energy pricing arrangements for the SPS have been investigated. These arrangements were: • Purchase by the SPS by a utility or consortium of utilities (Section 3.2). • Purchase of the SPS by an independent corporation and ''lease" (commitment to purchase a share of the SPS energy) of the output by several utilities during the year (Section 3.3). • Purchase of the SPS by an independent corporation and the energy sold to the utilities, at below cost initially, at a price equal to the incremental cost of the utilities* most expensive base load generator (Section 3.4). How and by whom the SPS is purchased can determine how it is used.
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