2017 IRP Advisory Group. June 22, 2017 IRPAG

Size: px
Start display at page:

Download "2017 IRP Advisory Group. June 22, 2017 IRPAG"

Transcription

1 2017 IRP Advisory Group

2 Today s Agenda 2

3 Purpose of IRP WAC Integrated resource planning. 1) Purpose. Each electric utility regulated by the commission has the responsibility to meet its system demand with a least cost mix of energy supply resources and conservation. In furtherance of that responsibility, each electric utility must develop an "integrated resource plan." 3

4 Advisory Group Process Check Meeting note review from May 22, 2017 meeting Snoqualmie Falls tour reminders and information 4

5 Regulatory Process Overview Phillip Popoff Manager, Resource Planning & Load Forecasting June 22, 2017

6 Purpose of This Overview Explain how Integrated Resource Planning fits into the broader regulatory process regarding resource acquisitions 6

7 Three Regulatory Processes Central Focus: Making prudent resource decisions on behalf of customers WUTC typically does not pre-approve resource decisions prudence is established after-the-fact (ex-post). IRP Acquisition Process Rate Case 7

8 What is Prudence? Description of Prudence Test (Case Law/Precedent) What would a reasonable board of directors and company management have decided given what they knew or reasonably should have known to be true at the time they made a decision. Generally, one cannot rely on the advantage of hindsight. Elements of Prudence Demonstration Need Alternatives Considered Analysis Decision Reevaluation (as relevant) Documentation 8

9 IRP Purpose: WAC (1) Each electric utility regulated by the commission has the responsibility to meet its system demand with a least cost mix of energy supply resources and conservation. In furtherance of that responsibility, each electric utility must develop an integrated resource plan. (2) (a+b) Lowest reasonable cost to ratepayers, including risk, dispatchability, resource preference, cost of risk from environmental effects. Regulatory Process Biennial compliance filing required by the WUTC Utility files IRP work plan for informal review one year before filing date Utility develops IRP, including public participation per work plan Draft IRP distributed informally for feedback Utility files IRP with WUTC Public can file comments to the WUTC WUTC holds open meeting for utility presentation and public comment WUTC reviews IRP filing for compliance with rules WUTC typically sends acknowledgement letter with suggestions for future 9

10 Demand-Side Resource Acquisitions Purpose: (Refer to WAC ) -- Establish conservation targets and set rates to implement conservation programs based on IRP guidance, to acquire all conservation that is available, cost-effective, reliable, and feasible. Utility Develops Filing Utility develops biennial targets, plans, and rates to recover costs Detailed plans and budgets discussed with external stakeholders in the Conservation Resource Advisory Group (CRAG) Filing Utility files tariffs revisions to implement targets WUTC reviews and audits savings and costs from prior periods WUTC approves/rejects/modifies filing 10

11 Supply-Side Resource Acquisitions Purpose: Acquire least cost resources based on specific resource alternatives available. (Refer to WAC ) RFP Regulatory Process Draft RFP filed at WUTC: Required if capacity need is identified within 3 years PSE typically conducts All-Source RFP based on updated IRP need Typically do not target specifics, like CT vs CCCT or specific renewable resource technologies Ownership/contract structures typically left open for bidders WUTC accepts public comments on draft RFP WUTC will accept or order changes to the RFP Utility issues RFP Utility updates key assumptions from IRP (gas prices, loads, etc.) Utility makes acquisition decision(s) Utility publishes and makes a summary of each offer and final ranking public Acquisitions Outside Formal RFP Process WAC : resource can be acquired outside of the RFP process Prudence standards still apply 11

12 Rate Case Cost Recovery Addressed in Rate Case General rate case or other similar proceeding Regulatory Process Utility files general rate case or other approved rate recovery mechanism Formal legal process with intervenors takes place Formal discovery process WUTC seeks public input WUTC makes a ruling on prudence of resource acquisition Prudence Established: utility can recover cost of new resources in rates Finding of Imprudence: WUTC may disallow recovery of imprudent portion of costs 12

13 Questions & Answers 13

14 Portfolio Analysis Methodology Elizabeth Hossner Consulting Energy Resource Planning Analyst

15 IRP Process Establish Resource Needs LOLP Commitment to Action Planning Assumptions & Resource Alternatives Make Decisions Analyze Alternatives and Portfolios Analyze Results 15

16 Models/Tools Planning Assumptions & Resource Alternatives Aurora All other assumptions Wholesale Market Price Forecasts How will different resource alternatives dispatch to market and perform in our portfolio? Analysis of Alternatives Portfolio Analysis Aurora PSM III Financial Plexos Risk Solver Platform 16

17 Intro to PSM III 17

18 Portfolio Screening Model 3 (PSM III) Excel Spreadsheet-based capacity expansion model that evaluates revenue requirement and risks of a wide variety of resource alternatives and portfolio strategies PSM III is used to identify the least cost portfolio resource additions in a given market scenario. Cost is a revenue requirement. Revenue requirement is how costs flow to customer 18

19 Revenue Requirement Resource decisions are based on revenue requirement and impact to portfolio costs. Revenue requirement is calculated on an annual basis for the entire life of the plant and is expressed in ($000). Annual Revenue Requirement includes Return on Ratebase Depreciation Expense New Resources Transmission Costs Fixed Operations & Maintenance Fuel Cost Gas plants include pipeline transport costs along with fuel use and taxes Variable Operations & Maintenance Start-up costs Emission Cost 19

20 History of PSM PSM was originally created in 2001 by Navigant Consulting Used a simplified dispatch Portfolios were created outside the model and then input into the model PSM II was created in 2009 Incorporated unit commitment logic (from Aurora) Portfolios were created in Strategist and then input into the model. Strategist is a third party model used to optimize portfolios PSM III was created in 2010 Incorporated unit commitment logic (from Aurora) Added Risk Solver Platform (Excel add in) to optimize portfolio in the model 20

21 What is a Portfolio? PSE s existing resources. This includes thermal plants, hydro, wind, and long-term contracts. New resources additions. Any new resources added to meet PSE s needs. There will be one optimal portfolio for each of the 14 scenarios plus various sensitivities. 21

22 PSM III in the IRP 22

23 IRP Modeling Process PSE portfolio specific information including: Plant operating characteristics, PSE monthly load and hourly shaping, AURORAxmp Other PSM III Inputs: Existing Resources Resource Alternatives Normal Peak Load Constraints Plexos Flexibility Benefit Mid-C Power Prices Deterministic Input Price Run (PSE Portfolio Only) Energy, Cost, Revenue Optimal Portfolio Deterministic Optimization Stochastic Model PSE Load Sumas Gas Prices Hydro Generation Wind Generation CO2 Price Power Prices Forced Outage Aurora Risk Run (PSE Portfolio Only) Peak Load Stochastic Process Energy, Cost, Revenue Stochastic Risk Analysis Stress Test PSM III

24 Portfolio Optimization 24

25 PSM III Optimization Process Aurora Outputs for each Resource Cost, Revenue, MWhs Resource Assumptions Year available, Capacity Contribution PSM III Financial Model: Evaluates the cost of each resource alternative used in the model Peak Capacity, Energy, and Renewable needs Optimization Model: Linear Program finds the lowest cost portfolio that meets your resource needs Optimal Portfolio 25

26 Portfolio Optimization Model The portfolio optimization model is built into the PSM financial model. The financial model is in Excel The portfolio optimization model is in Risk Solver Platform, an Excel add in The optimization model is a mixed integer linear programing model that solves using the dual simplex method. 26

27 Objection Function and Constraints of PSM III Objective Function: Minimize Expected Portfolio Cost = NPV(cost of Existing Resources) + NPV(cost of Generics Resources) + NPV(Market Purchases/Sales) + NPV(DSR) NPV(REC sales) Subject to 2 Constraints: 1. Peak Capacity >= Peak load + Reserves + Planning Margin 2. REC Need >= RPS*(Sales DSR) 27

28 Incremental Cost of Existing Resources Thermal plants Fuel Cost Gas plants include pipeline transport costs along with fuel use and taxes Variable Operations & Maintenance Start-up costs Emission costs Price of contracts 28

29 Cost of Generic Resources Annual Revenue Requirement includes Fuel Cost Gas plants include pipeline transport costs along with fuel use and taxes Variable Operations & Maintenance Start-up costs Fixed Operations & Maintenance Capital Expenditures Taxes Insurance Emission Cost Oil back-up Transmission Costs The revenue requirement is carried out to the full life of the plant which extends beyond the 20-yr planning horizon 29

30 Market Purchases/(Sales) The net cost or benefit of selling power and buying power Market purchases/(sales) is calculated by assuming we buy all our power at Mid-C at market price. Then we dispatch all our resources to market and get revenue from the sales. This calculation is done by hour in Aurora and summed up to annual number for PSM III 30

31 Other Costs Demand-Side Resources (DSR) The annual cost of the DSR bundles, Distributed Efficiency, and Demand Response Renewable Energy Credit (REC) Sales The surplus RECs are assumed to sold at a forecasted price. 31

32 Constraint 1 - Peak Capacity Need The requirements of meeting the peak need has three components 1. Customer Demand Peak Capacity need is a one hour system peak in December Normal Peak at 23 degrees F at SeaTac 2. Planning Margin (PM) of 13.6% (5% LOLP) 3. Operating Reserves Contingency reserves of 3% load and 3% generation for everything in PSE Balancing Authority (PSEI BA) WECC-BAL- 002 Balancing reserves for load following and wind integration. 32

33 Example Peak Capacity Need Peak Demand December ,153 MW Planning Margin 13.5% Normal Peak Load + PM Operating Reserves Total Capacity Need Total Resources (No DSR) Available Mid-C Transmission Total Operating reserves on new resources Total Resource Deficit/(surplus)* *Resource need before demand-side resources (DSR) 5,836 MW 408 MW 6,244 MW (4,401) MW (1,724) MW 118 MW 4 MW 122 MW 33

34 Example Peak Capacity Need The Constraint in 2020 is that PSE needs at least 6,244 MW of winter peak capacity PSE has 6,126 MW of resources to meet winter peak (including 1,724 MW of open transmission to Mid-C), so the company still needs 118 MW of new demand-side resources or 122 MW of new supply-side resources 34

35 December Peak Need before DSR 9,000 8,000 7, MW 6, MW 1,333 MW 2,012 MW 2,634 MW 5,000 MW 4,000 3,000 2,000 1,000 0 Colstrip Contracts Wind Additional Mid-C Transmission Available w/ Renewals Natural Gas Hydro Available Mid-C Transmission 2017 IRP Dec Peak Load + PM + Op Reserves 35

36 Constraint 2 - REC Need Washington RPS targets: 9% by % by 2020 The IRP uses the REC banking provision to bank forward RECs for one year. Snoqualmie Falls upgrades and Lower Baker 4 meet the requirements for hydro in RCW Hydro RECs cannot be banked and are used in the same year as produced. Other renewable resources include Hopkins Ridge, Wild Horse, Wild Horse Expansion, Lower Snake River I, and Klondike III Wild Horse Expansion and Lower Snake River I also receive the 20% Apprenticeship credit 36

37 Renewable Need Minimum amounts of produced and banked RECs Hydro REC Need: 2017 IRP Base Forecast less draft DSR REC Need: 2017 IRP Base Forecast 3500 RECs ' K RECs = 227 MW Wind (WA) 1,271K RECs = 398 MW Wind (WA)

38 Questions & Answers 38

39 Appendix Revenue Requirement 39

40 Regulatory Compact PSE is an Investor Owned Utility (natural gas and electric) Regulated by the Washington Utilities and Transportation Commission (WUTC) to establish rates that are fair, just, reasonable and sufficient The Regulatory Compact provides that, in return for being allowed to operate as a monopoly, PSE is: Obligated to provide safe & reliable service within our service territory Allowed to recover prudently incurred costs of service Provided an opportunity to earn a fair return on investment 40

41 Revenue Requirement PSE earns a return on dollars invested in capital expenditures and recovers costs Ratebase X Rate of Return = Operating Income Operating Income + Operating Expense = Revenue Requirement 41

42 Ratebase Gross Plant (Invested Capital) Less: Accumulated Book Depreciation Less: Accumulated Deferred Tax Ratebase 42

43 Deferred Taxes Deferred tax assets and liabilities are recognized when there is a temporary difference between the stated value of an asset or liability for tax purposes and the value for financial reporting purposes For example, under tax law companies can often depreciate fixed assets at a faster rate for tax purposes than the actual use of the asset would dictate via book depreciation The tax expense on the book income statement is not the actual amount paid to the IRS but rather represents a combination of current taxes paid and the deferred taxes The cash benefit of deferred taxes is included as a reduction of ratebase Accumulated Book Depreciation Accumulated Tax Depreciation Difference Book vs. Tax x Federal Income Tax Rate Accumulated Deferred Tax 43

44 Rate of Return Sufficient to enable the utility to maintain its credit standing and financial integrity, and to attract new capital at reasonable costs Determined using the overall weighted cost of capital Recognizes that the utility s rate base is financed by two types of capital sources: Debt Equity 44

45 Proposed Allowed Rate of Return 2017 GRC Weighted Average Cost of Capital Structure Cost WACC Long Term Debt 51.5% 5.81% 2.99% Common 48.5% 9.80% 4.75% Total 100% 7.74% 45

46 Sample Revenue Requirement Calculation Generic Wind Year Rate Base 2 Utility Plant in Service and Other Assets $ 208,898 $ 208,898 3 Accumulated Dep. & Amort. (Average) (4,178) (12,534) 4 Accumulated Deferred FIT (Average) (5,849) (21,934) 5 Total Rate Base $ 198,870 $ 174,429 6 Rate of Return 7.74% 7.74% 7 Return on Ratebase $ 15,393 $ 13, Operating Expenses 10 Variable O&M $ 1,862 $ 1, Fixed O&M 2,994 3, Property Tax Insurance Fixed Transmission Cost 4,052 4, Book Depreciation 8,356 8, Production Tax Credits (8,157) (8,138) 17 Taxes 5,086 4, Total Operating Expenses $ 15,243 $ 14, Revenue Requirement (Line 7 + Line 17) $ 30,635 $ 28,386 Nominal cost in $000 46

47 Resulting Income Statement Year 1 Year 2 Income Statement Generic Wind Revenue Requirement $ 30,635 $ 28,386 2 Operating Expenses 3 Variable O&M $ 1,862 $ 1,908 4 Fixed O&M 2,994 3,069 5 Property Tax Insurance Transmission Cost 4,052 4,178 8 Book Depreciation 8,356 8,356 9 Production Tax Credit (8,157) (8,138) 10 Taxes 5,086 4, Total Operating Expenses 12 $ 15,243 $ 14, Operating Income 14 15,393 13, Interest 16 5,946 5, Net Income 9,446 8, Ratebase $ 198,870 $ 174, ROR 7.74% 7.74% 21 Target Operating Income $ 15,393 $ 13,501 Nominal cost in $000 47

48 IRP 2017 Resource Adequacy Model: Updates to Peak Capacity Credit Calculations Villamor Gamponia Consulting Energy Resource Planning Analyst

49 Agenda Purpose: Share the updated peak capacity credit of wind using inputs from DNVGL presented at the last IRPAG, Demand Response and back up fuel oil. Brief Review of PSE s Resource Adequacy Framework: models and metrics Updated Peak Capacity Credit using ELCC(Effective Load Carrying Capability) for variable energy resource or energy limited resource Wind resources based on DNVGL wind inputs Demand Response planning Adequacy of back up fuel oil for dual fuel peakers with no firm gas supply 49

50 PSE s Resource Adequacy Framework Concept Regional Market Mid-C Transmission PSE Models GENESYS WPCM RAM/LOLP (BPA/NPCC) (PSE) (PSE) 50

51 Resource Adequacy Metric Definitions Metrics Definition LOLP (loss of load probability) EUE (expected unserved energy) ELCC (Effective Load Carrying Capability) Number of simulations with any deficit event as a percent of total simulations, regardless of the duration, frequency and magnitude of events(%) Sum of the MW deficits across all simulations divided by total simulations(mw/hr) The equivalent peaker capacity change to get the same LOLP/EUE when a resource is added to the portfolio (expressed as a percent of the resource capacity added); the Peak Capacity Credit of the added resource is this percent of its nameplate capacity 51

52 Agenda Updated Peak Capacity Credit Using ELCC for Variable Energy Resource or Energy Limited Resource Wind Resources Based on DNVGL Wind Inputs 52

53 Monthly Mean Capacity Factors ("CF") 8: Coefficient of Variation of CFs (all hours) *Coefficient of Variation is thickness of line in line chart % Eastern M ont ana 60 17,000 u. (.) DNVGL c: (tl 40% Annual Q) Simulations ~ 30% 20% e 60% 50% 250Annual u. (.) Draws for c: (tl 40% IRP Q) Stochastics ~ 30% 20% Ge Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Resource Eastern Montana Generic WA Offshore Generic WA SE Generic WA Skookumchuck 17,000 DNVGL Annual Simulations - Monthly Mean CFs (all hours) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Eastern Montana 60% 51% 48% 44% 41% 37% 32% 32% 37% 44% 53% 54% Generic WA Offshore 52% 46% 43% 31% 23% ~1% 23% 19% 22% 3-.% 48% 5--.,., Generic WA Skookumchuck 44% 35% 41% 26% 20% 17% 15% 17% 20% 32% 44% 43% Generic WA SE 30% 24% 40% 35% 34% 35% 29% 27% 26% 26% 28% 29% ~ ONVGL Simulations and IRP Draws within +/- 2% range, thus ONVGL simulation averages displayed in table_ 53

54 Peak Capacity Credits (ELCC) for Wind-DNVGL Draws Skookumchuck is added first, followed by each of the generic wind projects to reflect diversity. Capacity (MW) Equivalent Peaker Capacity Change to Get Back to 5% LOLP(MW) Peak Capacity Credit Based on 5% LOLP Skookumchuck(DNVGL) % Generic Eastern Montana(DNVGL) % Generic LSR(DNVGL) % Generic WA Offshore(DNVGL) % Sources of key differences: DNVGL draws are based on wind data versus for generic LSR & for generic Montana in the last study. DNVGL accounted for turbine availability, icing, wake effects but not for curtailments. Example of Peak Credit Calculation MW LOLP 1) Starting Portfolio % 2) Add Skookumchuck % 3) Reduction in Capacity % Peak Capacity Credit( 3/2 -MWs) 40% 54

55 Agenda Updated Peak Capacity Credit Using ELCC for Variable Energy Resource or Energy Limited Resource Demand Response Planning 55

56 Demand Response Planning Study Goal: Provide ELCC estimates for various DR program designs in terms of magnitude (peak capacity), duration and frequency of calls. Initial RFP bid requirement: maximum of ONE event per day may be called, with a maximum duration of 4 hours; events will not be called on more than two consecutive days: ELCC = 53% Given the daily outage patterns for PSE from RAM, programs were refined to allow DR to be called 2x a day, up to 3 hours duration, with 6 hours recovery between events: ELCC = 77% Summer Single Peak Winter Double Peak 56

57 DR Program Performance Requirements Initial RFP requirement: One event per day, no more than two consecutive days constraint is a common DR design to avoid customer fatigue In North America, most DRs are for summer peaks called once per day Different DR programs will have different performance characteristics based on load control technology, end-uses, or customers (industrial vs. residential, HVAC vs. water heating, etc.) When presented with the ELCC data, the apparent winners for both the C/I DR program and Residential Direct Load Control Program optimized their program design to allow DR to be callable twice per day with 6 hours of recovery between events, with maximum duration of 3 hours per event 57

58 Approach with PSE s Resource Adequacy Model Use EUE - accounts for magnitude, duration and frequency. Describe the outage characteristics that a DR program must address to adequately displace a peaker of similar size 1. Start at 5% LOLP Resource Portfolio 2. Remove X MWs of Peaker Capacity from the Portfolio 3. Difference between 1 and 2 describes the characteristics of an equivalent DR program in terms of: Magnitude (incremental MW deficits) Frequency (how often bad events happen in a day/season) Duration (duration of bad events) Time between bad events 58

59 ELCC Calculation of a DR Program DR program study attributes: 100 MWs, 3 Hours maximum duration, called every 6 hours(addresses dual peak events in a day for typical PSE load shape) 1. Calculate the EUE of portfolio at 5% LOLP 2. Remove 100 MW of peaker capacity and calculate the total incremental EUE from Step 1 3. Implement a DR program given its attributes 4. Calculate the reduction in incremental EUE due to the DR program 5. ELCC of the given DR program is the ratio of the reduction in incremental EUE (Step 4) and the total incremental EUE (Step 2) 59

60 Impacts of Removing 100MW from Portfolio 60

61 ELCC Estimates of Various DR Programs EUE 1) 5% LOLP) ) Base less 100MW CT ) Incremental EUE ) Apply Demand Response 5.9 (100MW, 3Hrs Max, Called Every 6HRs) 5) Reduction in EUE ) ELCC based on EUE (row 5/ row 3) 77% ELCC Estimates for Various DR Event Parameters(100MW) Call Frequency(Elapsed Hrs After Last Event) Duration(Hrs) % 61% 57% 49% 3 80% 77% 72% 59% 4 90% 85% 80% 65% 53% 5 94% 89% 84% 68% 55% 61

62 Agenda Updated Peak Capacity Credit Using ELCC for variable energy resource or energy limited resource Adequacy of back up fuel oil for dual fuel peakers with no firm gas supply 62

63 Adequacy of Backup Fuel Oil for CTs Two key questions: 1. Is the current 2-day fuel oil backup adequate to run the CTs if spot gas is not available for the season? Answer: It Depends Existing Dual Fuel Fleet + Replace Colstrip 1 & 2: Yes AND Replace Colstrip 3 & 4: No all units would need 3 days. 2. If back up fuel oil is used for the season, do we exceed the annual maximum run hours constraint of 300 hours for air emission standards? Answer: No, we do not exceed the annual maximum run hours. 63

64 Methodology Use PSE s Resource Adequacy Model to define outage characteristics if spot gas supply is not available for simple cycle CTs (existing and potential future CT additions). Start with a balanced portfolio meeting the 5% LOLP standard including 2015 DSM savings. Then run the model under the following scenarios: Scenario 1: Remove all existing simple cycles (CTs) (696 MWs) Scenario 2: Scenario 1 and remove Colstrip 1&2(298 MWs) - assuming CTs replace Colstrip 1&2 Scenario 3: Scenario 2 and remove Colstrip 3&4(359 MWs) - assuming CTs replace Colstrip 3&4 Examine the incremental outage characteristics of these three scenarios from base portfolio at 5% LOLP. 64

65 Adequacy of 2-Day Fuel Oil Back Up 1.1 Cumulative Distribution of Incremental Deficit MWHs/Year for Bad Simulations No CTs No CTs&Cols12 No CTs&Cols1234 Two Day Fuel Oil BackUp MWHs Is the current 2-day fuel oil backup adequate to run the CTs if spot gas is not available for the season? YES Base No CTs No CTs/Cols1&2 No CTs/Cols1&2,3&4 LOLP 5% 41% 70% 97% EUE(MW/hr) ELCC Oil BackUp 100% 100% 100% 65

66 Annual Run Hours Emission Constraints Cumulative Distribution of Incremental Deficit Hours/Year for Bad Simulations No CTs No CTs&Cols12 No CTs&Cols Hours If back up fuel oil is used for the season, do we exceed the annual maximum run hours constraint of 300 hours for air emission standards? NO

67 Questions & Answers 67

68 Wrap-up/Review Action Items

69 2017 PSE IRP due November 15, 2017 Topics for remaining PSE 2017 IRPAG meetings: 1. IRP Process Review, Portfolio Analysis Methodology, and Effective Load Carrying Capability Model Results (June 22, 2017); 2. Operational Flexibility Analysis Results (July 21, 2017); 3. Portfolio Analysis Results (August 11, 2017); 4. Review Draft IRP* (October 5, 2017); * Draft IRP will be distributed by or before September 12,

70 2017 IRPAG Meeting Schedule and /RP Milestones - Revised Pursuant to WUTC approval of November 15, 2017 filing deadline 6117/2016 IRPAG Kickoff Meetin PSE Forum 8/31 /2016 7/27/2016 IRPAG DSR-AC and IRPAG scenarios & senistiv ies PSE Auditorium PSE Auditorium Worl<plan filed 8/22/ /27/2016 IRPAG Supply-s ide gas, electric alternative assumptions 9/26/2016 PSE Auditorium IRP Electric Resource Cost Assumptions and Mid-C power prices PSE Auditorium 11/14/2016 IRPAG Electric & Gas Load Forecasts, Regional resource adequacy PSE Auditorium 12 /1 /2016 6/ /3/2017 IRPAG Resource Adequacy & Resource Need, Cost. MT wind PSE Forum 1/ IRPAG OS Navigant Snoqualmi 3/16/2017 IRPAG System Planning PSE Forum \ 8/ IRPAG 7/21 /2017 Portfolio Analys;s Results Operational Flexibi/;ty PSE Auditor;um IRPAG PSE Aud;tonum 5/22/2017 IRPAG ~ W ind, Solar, CT costs 6/22/2 H PSE Forum IRPA IRPAG Works op & ELCCAnaly. PSE AudUonu I IRPAG PSE Aud;conum Review Dratr /RP 9/12/2017 DRAFT IRP 11/15/2017 FINAL IRP Fi ling 12/31/ /1/2017 4/ / 1/2017 1/1/2017 For full account of meeting scope and records, please go to: pse.com/aboutpse/energysupply/pages/resource-planning.aspx 11/ PUGET SOUND ENERGY 70

71 THANK YOU 71

2017 IRP Advisory Group. July 21, 2017 IRPAG

2017 IRP Advisory Group. July 21, 2017 IRPAG 2017 IRP Advisory Group Today s Agenda 2 General Rate Case Caution Need to avoid the possibility of unintentionally violating ex-parte communication rules Please refrain from bringing up any rate case

More information

Executive Summary PSE Integrated Resource Plan. Contents. Chapter 1: Executive Summary

Executive Summary PSE Integrated Resource Plan. Contents. Chapter 1: Executive Summary 1 2017 PSE Integrated Resource Plan Executive Summary The IRP is best understood as a forecast of resource additions that appear to be cost effective given what we know today about the future. We know

More information

APPENDIX B: WHOLESALE AND RETAIL PRICE FORECAST

APPENDIX B: WHOLESALE AND RETAIL PRICE FORECAST APPENDIX B: WHOLESALE AND RETAIL PRICE FORECAST Contents Introduction... 3 Key Findings... 3 Background... 5 Methodology... 7 Inputs and Assumptions... 8 Load... 8 Fuel Prices... 9 Resources... 9 Pacific

More information

APRIL 23, Capacity Value of Wind Assumptions and Planning Reserve Margin

APRIL 23, Capacity Value of Wind Assumptions and Planning Reserve Margin APRIL 23, 2014 Capacity Value of Wind Assumptions and Planning Reserve Margin Executive Summary Effective Load Carrying Capacity (ELCC), or capacity value, of variable generation and required planning

More information

Electricity Supply. Monthly Energy Grid Output by Fuel Type (MWh)

Electricity Supply. Monthly Energy Grid Output by Fuel Type (MWh) For the first quarter of 2015, Ontario experienced overall demand that was typical for the province in winter, and strong generator output. Demand for Ontario electricity increased as a result of cold

More information

Integrated Resource Plan

Integrated Resource Plan 2011 Integrated Resource Plan Addendum Let s turn the answers on. June 27, 2011 For more information, contact: PacifiCorp IRP Resource Planning 825 N.E. Multnomah, Suite 600 Portland, Oregon 97232 (503)

More information

California ISO. Q Report on Market Issues and Performance. July 10, Prepared by: Department of Market Monitoring

California ISO. Q Report on Market Issues and Performance. July 10, Prepared by: Department of Market Monitoring California Independent System Operator Corporation California ISO Q1 2017 Report on Market Issues and Performance July 10, 2017 Prepared by: Department of Market Monitoring TABLE OF CONTENTS Executive

More information

January 3, 2018 MEMORANDUM. Council Members. John Ollis, Power System Analyst. SUBJECT: Marginal Carbon Emissions Rate Study Draft BACKGROUND:

January 3, 2018 MEMORANDUM. Council Members. John Ollis, Power System Analyst. SUBJECT: Marginal Carbon Emissions Rate Study Draft BACKGROUND: Henry Lorenzen Chair Oregon Bill Bradbury Oregon Guy Norman Washington Tom Karier Washington W. Bill Booth Vice Chair Idaho James Yost Idaho Jennifer Anders Montana Tim Baker Montana January 3, 2018 MEMORANDUM

More information

IRP 101. Intro to Integrated Resource Planning. Scott Benson Manager, Resource & Transmission Planning. March 23, 2017

IRP 101. Intro to Integrated Resource Planning. Scott Benson Manager, Resource & Transmission Planning. March 23, 2017 IRP 101 Intro to Integrated Resource Planning Scott Benson Manager, Resource & Transmission Planning March 23, 2017 1 What is an IRP? Definition Integrated resource planning is a process by which a power

More information

Portland General Electric 2016 Integrated Resource Plan. OPUC Public Meeting December 20, 2016

Portland General Electric 2016 Integrated Resource Plan. OPUC Public Meeting December 20, 2016 Portland General Electric 2016 Integrated Resource Plan OPUC Public Meeting December 20, 2016 Agenda Process and Compliance Approach and Summary Analysis Action Plan Next steps 2 2013 IRP Order Resource

More information

Wind Workshop. Technical Characterization: Dependable Capacity & Firm Energy 10:00-10:30am

Wind Workshop. Technical Characterization: Dependable Capacity & Firm Energy 10:00-10:30am Wind Workshop Technical Characterization: Dependable Capacity & Firm Energy 10:00-10:30am Objective of this session: Understand BC Hydro s definitions and calculation methodology of dependable capacity

More information

PGE s 2013 Integrated Resource Plan

PGE s 2013 Integrated Resource Plan PGE s 2013 Integrated Resource Plan OPUC Public Meeting 2014 Portland General Electric. All rights reserved. Today s topics IRP public process Load-resource balance Assumptions and inputs E3 low-carbon

More information

SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard

SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard Section-by-Section Summary SB 838, C-engrossed version As passed by Oregon House of Representatives, May 23 rd, 2007.

More information

PORTFOLIO OPTIMIZATION MODEL FOR ELECTRICITY PURCHASE IN LIBERALIZED ENERGY MARKETS

PORTFOLIO OPTIMIZATION MODEL FOR ELECTRICITY PURCHASE IN LIBERALIZED ENERGY MARKETS PORTFOLIO OPTIMIZATION MODEL FOR ELECTRICITY PURCHASE IN LIBERALIZED ENERGY MARKETS Edwin Castro CNEE Guatemala Viena, september 2009 What is the reason to develop this model? In our own electricity market

More information

DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans

DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans ENTERGY GULF STATES LOUISIANA, L.L.C. & ENTERGY LOUISIANA, LLC LPSC DOCKET NO. I-33014 DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans This version

More information

For Bandon Utilities Commission

For Bandon Utilities Commission For Bandon Utilities Commission July 12, 2017 Profile BPA, a component of the U.S. Department of Energy, is a non-profit and self-funded power marketing administration in the Pacific Northwest. Congress

More information

MEMORANDUM. January 6, Power Committee. Maury Galbraith. Draft Sixth Plan Electricity Price Forecasts

MEMORANDUM. January 6, Power Committee. Maury Galbraith. Draft Sixth Plan Electricity Price Forecasts W. Bill Booth Chair Idaho James A. Yost Idaho Tom Karier Washington Dick Wallace Washington Bruce A. Measure Vice-Chair Montana Rhonda Whiting Montana Melinda S. Eden Oregon Joan M. Dukes Oregon January

More information

Zero Net Carbon Portfolio Analysis

Zero Net Carbon Portfolio Analysis Zero Net Carbon Portfolio Analysis Prepared for: Platte River Power Authority December 12, 2017 www.paceglobal.com Agenda Background Methodology Assumptions Cases Findings and Recommendations Page 2 Background

More information

Eugene Water & Electric Board. The Future of Utilities in the Pacific Northwest

Eugene Water & Electric Board. The Future of Utilities in the Pacific Northwest Eugene Water & Electric Board The Future of Utilities in the Pacific Northwest 1 Eugene Water & Electric Board The Future of Utilities in the Pacific Northwest Erin Erben Manager, Power & Strategic Planning

More information

2017 Integrated Resource Plan. Public Input Meeting 8 March 2-3, 2017

2017 Integrated Resource Plan. Public Input Meeting 8 March 2-3, 2017 2017 Integrated Resource Plan Public Input Meeting 8 March 2-3, 2017 Agenda March 2 - Day One Introductions Draft Preferred Portfolio Overview Market Price Scenarios (Refresher) Lunch Break (1 hour) 11:30

More information

Zero Net Carbon Portfolio Analysis

Zero Net Carbon Portfolio Analysis Zero Net Carbon Portfolio Analysis Prepared for: Platte River Power Authority December 5, 2017 This Report was produced by Pace Global, a Siemens business ( Pace Global ) and is meant to be read as a whole

More information

SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard

SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard SB 838: Oregon Renewable Energy Act Establishing an Oregon Renewable Energy Standard Section-by-Section Summary SB 838 with -2 Amendments as introduced in Senate Environment Committee, March 15 th, 2007

More information

Preliminary Assumptions for On-Shore Wind Technologies. Gillian Charles GRAC October 2, 2014

Preliminary Assumptions for On-Shore Wind Technologies. Gillian Charles GRAC October 2, 2014 Preliminary Assumptions for On-Shore Wind Technologies Gillian Charles GRAC October 2, 2014 At the last meeting Discussed current status of wind development in PNW Reviewed recent trends in development

More information

Final 2014 Flexible Capacity Needs Assessment

Final 2014 Flexible Capacity Needs Assessment Final 2014 Flexible Capacity Needs Assessment May 1, 2014 Table of Contents 1. Introduction... 2 2. Summary... 2 3. Defining the ISO System-Wide Flexible Capacity Need... 3 4. Forecasting Minute-by-Minute

More information

Final Flexible Capacity Needs Assessment for 2018

Final Flexible Capacity Needs Assessment for 2018 Final Flexible Capacity Needs Assessment for 2018 April 28, 2017 1 Table of Contents 1. Introduction... 3 2. Summary... 3 3. Defining the ISO System-Wide Flexible Capacity Need... 5 4. Forecasting Minute-by-Minute

More information

August 22, 2014 FIRE ISLAND WIND

August 22, 2014 FIRE ISLAND WIND August 22, 2014 FIRE ISLAND WIND Phase 1 Summary: Performance Project Performance: Benefits realized: 93,500 MWh LTD >875,000 MCF of NG burn avoided ~$6.5 MM in NG purchases avoided 55,000 tons of CO2

More information

Developing an Incremental Cost Methodology: Washington s Experience

Developing an Incremental Cost Methodology: Washington s Experience Developing an Incremental Cost Methodology: Washington s Experience Jeremy Twitchell, Regulatory Analyst National Summit on RPS September 23, 2014 Background: Washington s RPS Created in 2006 by voter

More information

Integrated Resource Planning. Roundtable 17-2 May 10, 2017

Integrated Resource Planning. Roundtable 17-2 May 10, 2017 Integrated Resource Planning Roundtable 17-2 May 10, 2017 1 Meeting Logistics Local Participants: World Trade Center facility Wireless internet access Network: 2WTC_Event Password: 2WTC_Event$ Sign-in

More information

LOLE Fundamentals Loss of Load Expectation (LOLE) Fundamentals

LOLE Fundamentals Loss of Load Expectation (LOLE) Fundamentals Loss of Load Expectation (LOLE) Fundamentals March 13, 2014 Last material update: 03/12/2014 LOLE Agenda 2 Loss of Load Expectation (LOLE) Fundamentals Sections LOLE Background LOLE Study Connections to

More information

PUBLIC UTILITY DISTRICT NO.1 OF FRANKLIN COUNTY INTEGRATED RESOURCE PLAN PREPARED IN COLLABORATION WITH

PUBLIC UTILITY DISTRICT NO.1 OF FRANKLIN COUNTY INTEGRATED RESOURCE PLAN PREPARED IN COLLABORATION WITH PUBLIC UTILITY DISTRICT NO.1 OF FRANKLIN COUNTY INTEGRATED RESOURCE PLAN 2014 PREPARED IN COLLABORATION WITH Contributors Name Company Title Linda Esparza Franklin PUD Director of Power Management Richard

More information

Portland General Electric Renewable Portfolio Standard Oregon Compliance Report 2013

Portland General Electric Renewable Portfolio Standard Oregon Compliance Report 2013 Portland General Electric Renewable Portfolio Standard Oregon Compliance Report 2013 As an introduction and summary of the Compliance Report, answer the following questions: Why is PGE submitting a Compliance

More information

Including Advanced Energy Storage in Integrated Resource Planning: Cost Inputs and Modeling Approaches

Including Advanced Energy Storage in Integrated Resource Planning: Cost Inputs and Modeling Approaches Including Advanced Energy Storage in Integrated Resource Planning: Cost Inputs and Modeling Approaches November 2016 v1.1 Advanced energy storage costs are declining rapidly and large-scale storage deployments

More information

Energy Trust Electric and Gas Avoided Cost Update for Oregon for 2018 Measure and Program Planning

Energy Trust Electric and Gas Avoided Cost Update for Oregon for 2018 Measure and Program Planning Energy Trust Electric and Gas Avoided Cost Update for Oregon for 2018 Measure and Program Planning August 8, 2017 Energy Trust s estimates of future electric and gas avoided costs are critical assumptions

More information

Regional Coordination in the West: Benefits of PacifiCorp and California ISO Integration

Regional Coordination in the West: Benefits of PacifiCorp and California ISO Integration Regional Coordination in the West: Benefits of PacifiCorp and California ISO Integration Technical Appendix October 2015 Regional Coordination in the West: Benefits of PacifiCorp and California ISO Integration

More information

May 9, This presentation will summarize some key takeaways from the most recent Pacificorp Integrated Resource Plan (IRP) filed in April 2017

May 9, This presentation will summarize some key takeaways from the most recent Pacificorp Integrated Resource Plan (IRP) filed in April 2017 Henry Lorenzen Chair Oregon Bill Bradbury Oregon Guy Norman Washington Tom Karier Washington W. Bill Booth Vice Chair Idaho James Yost Idaho Jennifer Anders Montana Tim Baker Montana May 9, 2017 MEMORANDUM

More information

Marc de Croisset FBR CAPITAL MARKETS & CO. Coal-to-Gas Switching: Distilling the Issue

Marc de Croisset FBR CAPITAL MARKETS & CO. Coal-to-Gas Switching: Distilling the Issue Marc de Croisset. 646.885.5423. mdecroisset@fbr.com FBR CAPITAL MARKETS & CO. Coal-to-Gas Switching: Distilling the Issue September 20, 2012 Disclosures Important disclosures can be found at the end of

More information

Appendix C. Regulatory Compliance Matrix DRAFT 2018 OR IRP

Appendix C. Regulatory Compliance Matrix DRAFT 2018 OR IRP Matrix DRAFT 2018 OR IRP Matrix Page 2 Order No. 07-047 Guideline (1)(a) Guideline (1)(b) All resources must be evaluated on a consistent and comparable basis All known resources for meeting the utility

More information

FOREWORD 02 ENERGY CONSULTANCY SERVICES 04 FUNDAMENTAL MARKET MODELLING 04 OPERATIONAL MARKET SIMULATION 05 ECONOMIC AND TECHNICAL ANALYSIS 06

FOREWORD 02 ENERGY CONSULTANCY SERVICES 04 FUNDAMENTAL MARKET MODELLING 04 OPERATIONAL MARKET SIMULATION 05 ECONOMIC AND TECHNICAL ANALYSIS 06 INDEX FOREWORD 02 ENERGY CONSULTANCY SERVICES 04 FUNDAMENTAL MARKET MODELLING 04 OPERATIONAL MARKET SIMULATION 05 ECONOMIC AND TECHNICAL ANALYSIS 06 FINANCIAL MODELLING 06 SELECTED REFERENCES 08 APLUS

More information

Bad News and Good News

Bad News and Good News Regional Regulatory Policy The View From Washington Buying & Selling Electric Power in the West January 14 & 15, 2008 Mark Sidran, Chairman Washington Utilities & Transportation Commission 1 Bad News and

More information

Bad News and Good News

Bad News and Good News Mark H. Sidran of Washington Utilities and Transportation Commission Speaker 4: 1 Regional Regulatory Policy The View From Washington Buying & Selling Electric Power in the West January 14 & 15, 2008 Mark

More information

1. Is there a preference between MW and MWh? RPS need for San Diego Gas & Electric is based upon a percentage of retail sales, which is in MWh.

1. Is there a preference between MW and MWh? RPS need for San Diego Gas & Electric is based upon a percentage of retail sales, which is in MWh. 1. Is there a preference between MW and MWh? RPS need for San Diego Gas & Electric is based upon a percentage of retail sales, which is in MWh. There is no target for MW of renewable capacity (except in

More information

Analysis of Solar Capacity Equivalent Values for the South Carolina Electric and Gas System

Analysis of Solar Capacity Equivalent Values for the South Carolina Electric and Gas System Analysis of Solar Capacity Equivalent Values for the South Carolina Electric and Gas System John D. Wilson, Southern Alliance for Clean Energy March 21, 2017 The assessment of solar energy s contribution

More information

PACIFIC POWER A DIVISION OF PACIFICORP

PACIFIC POWER A DIVISION OF PACIFICORP PACIFIC POWER A DIVISION OF PACIFICORP 825 NE Multnomah, Suite 2000 Portland, Oregon 97232 October 30, 2015 VIA ELECTRONIC FILING AND OVERNIGHT DELIVERY Steven V. King Executive Director and Secretary

More information

Village of Morrisville Water & Light Department Integrated Resource Plan

Village of Morrisville Water & Light Department Integrated Resource Plan Village of Morrisville Water & Light Department Integrated Resource Plan 2015 2034 Part 1 Utility Overview Presented to the Vermont Public Service Board July 17, 2015 Submitted by: Vermont Public Power

More information

Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection

Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection A Pennsylvania Case Study Prepared by: Paul Peterson, David White, and Bruce Biewald 22 Pearl Street, Cambridge, MA 02139

More information

Hedging Coal Price Risk in a Deregulated Power Market

Hedging Coal Price Risk in a Deregulated Power Market Hedging Coal Price Risk in a Deregulated Power Market Ginny Farrow Manager Rail Car Fleet NCCI Spring Conference Greensboro, NC April 12, 2007 Safe Harbor Statement This Presentation contains forward-looking

More information

Transmission Planning at the Midwest ISO. Mr. Eric Laverty Senior Manager of Transmission Access Planning Midwest ISO June 26 th, 2008

Transmission Planning at the Midwest ISO. Mr. Eric Laverty Senior Manager of Transmission Access Planning Midwest ISO June 26 th, 2008 Transmission Planning at the Midwest ISO Mr. Eric Laverty Senior Manager of Transmission Access Planning Midwest ISO June 26 th, 2008 Midwest ISO: What We Do Monitor flow of power over the high voltage

More information

ANNUAL REPORT ON MARKET ISSUES & PERFORMANCE

ANNUAL REPORT ON MARKET ISSUES & PERFORMANCE ANNUAL REPORT ON MARKET ISSUES & PERFORMANCE Department of Market Monitoring ACKNOWLEDGEMENT The following members of the Department of Market Monitoring contributed to this report Eric Hildebrandt Keith

More information

CCA Terms Glossary. Valley Clean Energy Alliance. i CCA Terms Glossary

CCA Terms Glossary. Valley Clean Energy Alliance. i CCA Terms Glossary CCA Terms Glossary Valley Clean Energy Alliance i CCA Terms Glossary Table of Contents Energy Basics... 1 Wholesale Energy Services... 1 Finance... 2 Rate Setting... 3 Call Center and Data Management...

More information

PACIFICORP DEMAND-SIDE RESOURCE POTENTIAL ASSESSMENT FOR

PACIFICORP DEMAND-SIDE RESOURCE POTENTIAL ASSESSMENT FOR PACIFICORP DEMAND-SIDE RESOURCE POTENTIAL ASSESSMENT FOR 2017-2036 VOLUME 1: EXECUTIVE SUMMARY Prepared for: PacifiCorp February 14, 2017 Applied Energy Group, Inc. 500 Ygnacio Valley Road, Suite 250 Walnut

More information

Electricity System Operator Incentives BSUoS Seminar

Electricity System Operator Incentives BSUoS Seminar Electricity System Operator Incentives BSUoS Seminar Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight

More information

Gas-Electric Infrastructure Challenges. WPUI Gas Program September 17, September 13, 2012 Madison, WI

Gas-Electric Infrastructure Challenges. WPUI Gas Program September 17, September 13, 2012 Madison, WI Gas-Electric Infrastructure Challenges WPUI Gas Program September 17, 2012 MISO EPA/Gas related efforts - Timeline EPA Rules & Regulations MISO EPA Impact Study, Oct 2011 Gas Consultant Phase 1 Study,

More information

Table of Contents. 6.2 Socio-Economic Impacts of the Preferred Plan Five-Year Action Plan

Table of Contents. 6.2 Socio-Economic Impacts of the Preferred Plan Five-Year Action Plan Table of Contents 1 Preface... 1-1 2 Resource Plan Non-Technical Summary... 2-1 2.1 Synopsis... 2-1 2.2 Stakeholder Group Meetings... 2-4 2.3 Multi-State Jurisdictional Complexity... 2-5 2.4 Load Forecast...

More information

Pumped hydro Storage Plants

Pumped hydro Storage Plants Pumped hydro Storage Plants Olivier Teller, Product Director PSP 15 Nov 2012 PSP >130 GW (99% world electricity storage) Market: 6 GW/year Europe: ~1.5GW/year 100 years / illimited cycle numbers ~1000

More information

INTEGRATED TRANSMISSION PLANNING MANUAL

INTEGRATED TRANSMISSION PLANNING MANUAL INTEGRATED TRANSMISSION PLANNING MANUAL Published on July 20, 2017 Pending FERC approval of Tariff language By SPP staff REVISION HISTORY DATE OR VERSION NUMBER AUTHOR CHANGE DESCRIPTION COMMENTS 10/13/2010

More information

Day-ahead ahead Scheduling Reserve (DASR) Market

Day-ahead ahead Scheduling Reserve (DASR) Market Day-ahead ahead Scheduling Reserve (DASR) Market Agenda Implementation Overview of the DASR Market Market Clearing Process Market Clearing Example Performance Compliance Market Settlements Appendix: emkt

More information

MINIMIZING DISTRIBUTED ENERGY RESOURCES (DER) ACQUISITION COST THROUGH AUCTIONS

MINIMIZING DISTRIBUTED ENERGY RESOURCES (DER) ACQUISITION COST THROUGH AUCTIONS MINIMIZING DISTRIBUTED ENERGY RESOURCES (DER) ACQUISITION COST THROUGH AUCTIONS 34TH PLMA CONFERENCE: DISTRIBUTED ENERGY RESOURCE INTEGRATION INTEREST GROUP NOVEMBER 7, 2016 DAN BRADLEY MANAGING DIRECTOR

More information

CASE: UM 1910/1911/1912 WITNESS: BRITTANY ANDRUS PUBLIC UTILITY COMMISSION OF OREGON STAFF EXHIBIT 100

CASE: UM 1910/1911/1912 WITNESS: BRITTANY ANDRUS PUBLIC UTILITY COMMISSION OF OREGON STAFF EXHIBIT 100 CASE: UM // WITNESS: BRITTANY ANDRUS PUBLIC UTILITY COMMISSION OF OREGON STAFF EXHIBIT 0 March, 0 Docket No: UM // Staff/0 Andrus/ 0 SECTION : INTRODUCTION Q. Please state your name, occupation, and business

More information

Capacity Performance Training. March 16, 2015

Capacity Performance Training. March 16, 2015 Capacity Performance Training March 16, 2015 Training Objectives Provide Capacity Market Sellers with information necessary to participate in the Reliability Pricing Model (RPM) under a Capacity Performance

More information

Exploring the Impacts of California s Renewable Portfolio Standard

Exploring the Impacts of California s Renewable Portfolio Standard Exploring the Impacts of California s Renewable Portfolio Standard System Planning Committee April 2010 Table of Contents Purpose... 1 Vocabulary... 1 System Planning Committee s Initial Assessment...

More information

Electric Price Outlook April 13, 2017

Electric Price Outlook April 13, 2017 Electric Price Outlook April 13, 2017 Scott Drzycimski, Director Customer, Community and Economic Development Jason Nielsen, Manager Regulatory Affairs Keeping you informed Ongoing pricing outlook webinars

More information

Further Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market

Further Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market Further Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market March 2001 Prepared by Eric Hildebrandt, Ph.D. Department of Market Analysis California Independent

More information

MH s Draft of Application for Approval of Energy Intensive Industrial Rate, Tab 1

MH s Draft of Application for Approval of Energy Intensive Industrial Rate, Tab 1 RCM/TREE/MH II-1 Subject: Reference: Marginal Cost MH s Draft of Application for Approval of Energy Intensive Industrial Rate, Tab 1 a) Please provide the derivation of the $57.5 per MW.h average price

More information

The Optimisation of the supply-demand balance, the role of interconnections, and the impact of nuclear shutdown in Germany for EDF

The Optimisation of the supply-demand balance, the role of interconnections, and the impact of nuclear shutdown in Germany for EDF The Optimisation of the supply-demand balance, the role of interconnections, and the impact of nuclear shutdown in Germany for EDF 08 June 2011 Philippe TORRION Executive Vice President Optimisation and

More information

Potential Impacts of a Renewable and Energy Efficiency Portfolio Standard in Kentucky

Potential Impacts of a Renewable and Energy Efficiency Portfolio Standard in Kentucky Potential Impacts of a Renewable and Energy Efficiency Portfolio Standard in Kentucky Prepared for the Mountain Association for Community Economic Development & the Kentucky Sustainable Energy Alliance

More information

CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 1 EXECUTIVE SUMMARY CHAPTER 1 EXECUTIVE SUMMARY The 2016 SD Electricity Supply Resource Procurement Plan The 2016 South Dakota Electricity Supply Resource Procurement Plan ( Plan ) evaluates NorthWestern Energy s ( NorthWestern

More information

Charles D. Corbin & Gregor P. Henze

Charles D. Corbin & Gregor P. Henze Assessing Impact of Large-Scale Distributed Residential HVAC Control Optimization on Electricity Grid Operation and Renewable Energy Integration May 11, 2015 Charles D. Corbin & Gregor P. Henze Department

More information

CHAPTER THREE. Load Curves The curve showing the variation of load on the power station (power plant) with reference to time is known as load curve.

CHAPTER THREE. Load Curves The curve showing the variation of load on the power station (power plant) with reference to time is known as load curve. CHAPTER THREE Load Curves The curve showing the variation of load on the power station (power plant) with reference to time is known as load curve. Daily Load Curve Maximum Load (Peak Load) It represents

More information

NWE Electricity Supply Resource Technology Forum Liquid Air Energy Storage (LAES)

NWE Electricity Supply Resource Technology Forum Liquid Air Energy Storage (LAES) NWE Electricity Supply Resource Technology Forum Liquid Air Energy Storage (LAES) Gene Larson, SNC Lavalin Matthew Barnett, Highview Charlie Ricker, MADA Power VP, Project Development Business Development

More information

Contract For Biomass-Fueled Generation. Presentation to the Gainesville City Commission May 7, 2009

Contract For Biomass-Fueled Generation. Presentation to the Gainesville City Commission May 7, 2009 Contract For Biomass-Fueled Generation Presentation to the Gainesville City Commission May 7, 2009 Presentation Outline Project History And Description Market Changes Adjustments To Original Proposal Economic

More information

La regulación del incierto futuro de los sistemas eléctricos

La regulación del incierto futuro de los sistemas eléctricos La regulación del incierto futuro de los sistemas eléctricos Foro XM-2017 El futuro de la energía eléctrica en Colombia 25 de mayo, Cartagena, Colombia Carlos Batlle https://energy.mit.edu/profile/carlos-batlle

More information

Fred Stoffel. Tri-State Generation and Transmission Association, Inc. May 19, Utility Resource Planning Fundamentals

Fred Stoffel. Tri-State Generation and Transmission Association, Inc. May 19, Utility Resource Planning Fundamentals Fred Stoffel Tri-State Generation and Transmission Association, Inc. May 9, 202 Tri-State Overview Tri-State is a not-for-profit, wholesale power supplier owned by 44 electric cooperatives and public power

More information

Cost of Service and Public Policy. Ted Kury Director of Energy Studies, PURC

Cost of Service and Public Policy. Ted Kury Director of Energy Studies, PURC Cost of Service and Public Policy Ted Kury Director of Energy Studies, PURC ted.kury@warrington.ufl.edu Session Overview Improving Utility Sector Performance Costs to Provide Service Uniform System of

More information

ELECTRIC COST OF SERVICE AND RATE DESIGN STUDY

ELECTRIC COST OF SERVICE AND RATE DESIGN STUDY DRAFT Report ELECTRIC COST OF SERVICE AND RATE DESIGN STUDY Navajo Tribal Utility Authority August 2007 DRAFT NAVAJO TRIBAL UTILITY AUTHORITY ELECTRIC COST OF SERVICE AND RATE DESIGN STUDY Table of Contents

More information

PacifiCorp 2017R Request for Proposals. Pre-Issuance Bidders Conference May 31, 2017

PacifiCorp 2017R Request for Proposals. Pre-Issuance Bidders Conference May 31, 2017 PacifiCorp 2017R Request for Proposals Pre-Issuance Bidders Conference May 31, 2017 Logistics Conference Date May 31, 2017, 1:00 2:00 PM (Mountain) Location Rocky Mountain Power, North Temple Office 1407

More information

Customer Select Supply/Storage. Effective May 2009

Customer Select Supply/Storage. Effective May 2009 Customer Select Supply/Storage Effective May 2009 Service Territory Nicor Gas Territory Area: 17,000 square miles Population: 5.7 million (est.) Communities Served: 640 Customers: 2.2 million Rockford

More information

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION DETERMINISTIC STUDIES

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION DETERMINISTIC STUDIES BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Order Instituting Rulemaking to Integrate and Refine Procurement Policies and Consider Long Term Procurement Plans Rulemaking 13 12 010

More information

Mid-C Seminar July 16 th, 2014

Mid-C Seminar July 16 th, 2014 NWPP Members Market Assessment and Coordination Initiative Mid-C Seminar July 16 th, 2014 Dan Williams, LC Chair, Portland General Electric Slides not reviewed or approved by MC Members 1 Agenda History

More information

Report to the Finance Committee Comprehensive Annual Financial Report. Prepared by the Office of Finance April 2016

Report to the Finance Committee Comprehensive Annual Financial Report. Prepared by the Office of Finance April 2016 Report to the Finance Committee 2015 Comprehensive Annual Financial Report Prepared by the Office of Finance April 2016 Audit Opinion date April 11, 2016 Unmodified or clean audit opinion on financial

More information

Demand Response Programs. Donnie Clary CoServ President/CEO

Demand Response Programs. Donnie Clary CoServ President/CEO Demand Response Programs Donnie Clary CoServ President/CEO CoServ at a Glance Counties served: Collin, Cooke, Denton, Grayson, Tarrant and Wise Total meters: Electric 215,000 Gas - 108,000 Electric load:

More information

Jan Strack and Huang Lin March 14, 2017

Jan Strack and Huang Lin March 14, 2017 SDG&E Request for Economic Planning Study of the Renewable Energy Express Transmission Project as part of CAISO s 2017-2018 Transmission Planning Process (TPP) Jan Strack (jstrack@semprautilities.com)

More information

Pacific Coast Oil Trust FEDERAL INCOME TAX INFORMATION

Pacific Coast Oil Trust FEDERAL INCOME TAX INFORMATION Pacific Coast Oil Trust 2013 FEDERAL INCOME TAX INFORMATION -1- (Pacific Coast Oil Trust) 2013 FEDERAL INCOME TAX INFORMATION This booklet provides 2013 tax information which will allow Certificate Holders

More information

BCUC INQUIRY RESPECTING SITE C A-26

BCUC INQUIRY RESPECTING SITE C A-26 Patrick Wruck Commission Secretary Commission.Secretary@bcuc.com bcuc.com Suite 410, 900 Howe Street Vancouver, BC Canada V6Z 2N3 P: 604.660.4700 TF: 1.800.663.1385 F: 604.660.1102 November 16, 2017 BCUC

More information

NYISO 2015/2016 ICAP Demand Curve Reset

NYISO 2015/2016 ICAP Demand Curve Reset NYISO 2015/2016 ICAP Demand Curve Reset Business Issues Committee March 17, 2016 BOSTON CHICAGO DALLAS DENVER LOS ANGELES MENLO PARK MONTREAL NEW YORK SAN FRANCISCO WASHINGTON Today s Presentation Provide

More information

Best Practices in Risk-Based Resource Planning A Case Study of NorthWestern s Acquisition of Hydros

Best Practices in Risk-Based Resource Planning A Case Study of NorthWestern s Acquisition of Hydros Best Practices in Risk-Based Resource Planning A Case Study of NorthWestern s Acquisition of Hydros Presenters: Gary Dorris, PhD August 4, 2015 Overview of Ascend Short, Intermediate, & Long-Tem: operating

More information

Modeling the Restructured Illinois Electricity Market as a Complex Adaptive System

Modeling the Restructured Illinois Electricity Market as a Complex Adaptive System Modeling the Restructured Illinois Electricity Market as a Complex Adaptive System Charles M. Macal Gale A. Boyd Richard R. Cirillo Guenter Conzelmann Michael J. North Prakash R. Thimmapuram Thomas D.

More information

The Polar Vortex and Future Power System Trends National Coal Council Annual Spring Meeting May 14, 2014

The Polar Vortex and Future Power System Trends National Coal Council Annual Spring Meeting May 14, 2014 The Polar Vortex and Future Power System Trends National Coal Council -- 2014 Annual Spring Meeting May 14, 2014 Outline Introduction to ICF Overview of the Key Issues Price Volatility During Winter 2014

More information

New England Electricity Outlook

New England Electricity Outlook O C T O B E R 2 1, 2 0 1 6 S O U T H P O R T L A N D, M E New England Electricity Outlook Environmental and Energy Technology Council of Maine (E2Tech) Eric Johnson D I R E C T O R, E X T E R N A L A F

More information

Outlook for Natural Gas Demand for Winter

Outlook for Natural Gas Demand for Winter Outlook for Natural Gas Demand for 2010-2011 Winter Energy Ventures Analysis, Inc. (EVA) Overview Natural gas demand this winter is projected to be about 295 BCF, or 2.5 percent, above demand levels recorded

More information

Rocky Mountain Power Docket No Witness: Joelle R. Steward BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER

Rocky Mountain Power Docket No Witness: Joelle R. Steward BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER Rocky Mountain Power Docket No. 13-035-184 Witness: Joelle R. Steward BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER Direct Testimony of Joelle R. Steward Cost of Service

More information

Renewable energy - the future is now

Renewable energy - the future is now University of Nevada, Las Vegas Digital Scholarship@UNLV UNLV Renewable Energy Symposium 2007 UNLV Energy Symposium Aug 15th, 9:00 AM - Jul 15th, 10:00 AM Renewable energy - the future is now Thomas Fair

More information

BC Hydro Revenue Requirements Application Information Request #1

BC Hydro Revenue Requirements Application Information Request #1 BC Hydro Revenue Requirements Application Information Request #1 C28-2 By: Ludo Bertsch, Horizon Technologies Inc. For: ESVI Energy Solutions for Vancouver Island Society Date: July 5, 2006 1.0) Reference:

More information

PJM Roadmap for edart

PJM Roadmap for edart PJM Roadmap for edart As of March 15, 2017 Background edart (electronic Dispatcher Application and Reporting Tool) is suite of electronic applications used to facilitate dispatcher-todispatcher communications,

More information

EVALUATION OF THE IMPACT OF SUB METERING ON MULTI RESIDENTIAL ELECTRICITY CONSUMPTION AND THE POTENTIAL ECONOMIC AND ENVIRONMENTAL IMPACT ON ONTARIO

EVALUATION OF THE IMPACT OF SUB METERING ON MULTI RESIDENTIAL ELECTRICITY CONSUMPTION AND THE POTENTIAL ECONOMIC AND ENVIRONMENTAL IMPACT ON ONTARIO EVALUATION OF THE IMPACT OF SUB METERING ON MULTI RESIDENTIAL ELECTRICITY CONSUMPTION AND THE POTENTIAL ECONOMIC AND ENVIRONMENTAL IMPACT ON ONTARIO Prepared for: EnerCare Connections Inc. Navigant Consulting

More information

Third Quarter 2017 Conference Call

Third Quarter 2017 Conference Call Third Quarter 2017 Conference Call October 24, 2017 Forward-Looking Statements This presentation contains forward-looking statements. Actual results may differ materially from results anticipated in the

More information

Generation Technology Assessment & Production Cost Analysis

Generation Technology Assessment & Production Cost Analysis SPO Planning Analysis Generation Technology Assessment & Production Cost Analysis EAI Stakeholder Meeting July 31, 212 Technology Life Cycle Technology Deployment Over Time Conceptual Research & Development

More information

Utility-Wind Energy Marketer Partnerships: A New Model for Building Wind Facilities. WINDPOWER 2003 Conference

Utility-Wind Energy Marketer Partnerships: A New Model for Building Wind Facilities. WINDPOWER 2003 Conference Utility-Wind Energy Marketer Partnerships: A New Model for Building Wind Facilities WINDPOWER 2003 Conference Session 8C Green Marketing & Community Involvement May 20, 2003; 3:40-5:00 PM Authors: John

More information

Client Name/Presentation Title

Client Name/Presentation Title Client Name/Presentation Title MARCH 2 Introduction This presentation will address the following topics: Comparative levelized cost of energy for various technologies on a $/MWh basis, including sensitivities,

More information

Effects of projected climate change on energy supply and demand in the Pacific Northwest and Washington State

Effects of projected climate change on energy supply and demand in the Pacific Northwest and Washington State Effects of projected climate change on energy supply and demand in the Pacific Northwest and Washington State Alan F. Hamlet Se-Yeun Lee Kristian Mickelson Marketa McGuire Elsner JISAO/CSES Climate Impacts

More information

Page 1. Pty Ltd. provides. Key points. The SRES. 30 June 2012; The price of just over $ which is. The STP. year the.

Page 1. Pty Ltd. provides. Key points. The SRES. 30 June 2012; The price of just over $ which is. The STP. year the. RESEARCH NOTE 2 Understanding the Small-scale Renewable Energy Scheme This Research Note has been prepared for r the REC Agents Association by Green Energy Markets Pty Ltd. This research note analyses

More information