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HomeMy WebLinkAbout#9 Power and Resource Plan Agenda Item # 9 ,, ACTION To: Board of Directors From: Stephen Hollabaugh Date: October 21, 2009 Subject: Consideration of the Adoption of the 2010 and 2011 Purchase Power and Resource Plan 1. WHY THIS MATTER IS BEFORE THE BOARD This item is an update of the 2010 and 2011 Purchase Power and Resource Plan for the budgets. Only the Board can adopt the Purchase Power and Resource Plan. 2. HISTORY On September 2, 2009 a workshop on the 2010 & 2011 Purchase Power and Resource Plan was presented. In 2008 and 2009, the District diversified its purchase power portfolio that now includes many different resources and had the goal of meeting the Renewable Portfolio Standard with conservation as a first resource. Additional goals were to provide an adequate, reliable and high quality electric supply to meet the current and future needs of the District. According to Title 3, Section 3.02.010 of the District Code, the General Manager shall submit to the Board of Directors a two year draft budget. The Purchase Power Plan is a part of the 2010 & 2011 draft budget. 3. NEW INFORMATION The 2010 and 2011 Purchase Power Plan continues with the goals of the 2009 plan. The District will maintain a more diversified purchase power portfolio that includes many different resources and has the goals of meeting the Renewable Portfolio Standard. The 2010 Purchase Power Plan projects a 2% decrease in load compared to 2009 with energy conservation and energy efficiency measures accounting for 1% to 3% of the load reduction. Greater conservation has and will reduce future market purchases. The 2011 Plan projects only a 1% growth compared to 2010 with conservation and energy efficiency measures again accounting for 1% to 3% of the load reduction. The budgeted load in MWh is shown below: Year Budgeted MWh 2009 163,000 2010 160,000 2011 162,000 The change from the September 2, 2009 presentation is the start of the UAMPS wind project is now starting in November 2010 rather than July 2010. This change reduces the 2010 budget by $70,467. This change does not change the 2011 proposed Purchase Power and Resource budget. PURCHASE POWER PLAN EXPENDITURES DETAIL 2010 B UD GET 2009 to 2010 BUDGET Budget $ BUDGET Purchased Power and Resource Costs 2009 2010 CHANGE Total Energy Supply-Various $10,307,465 $ 9,765,024 $ (542,441) $63.15 $61.03 ransmission-SierraPacificPowerCompany $ 1,043,766 $ 1,043,766 $ - Scheduling-NCPA $ 61,200 $ 75,348 $ 14,148 Power Supply Costs from Market Purchases(NCPA) $ - $ - $ - APAcost!(cred it)toward MWh's ($130,396) $39,616 $170,012 Total Bulk Power Costs $ 11,282,034 $ 10,923,753 $ (358,281) -3.2% Total Annual MWh 163,220 160,000 -3,220 -1.97 0 Total Delivered Cost$/MWH $69.1 $68.3 - 0.85 -1.23% PURCHASE POWER PLAN EXPENDITURES DETAIL 2011 BUDGET 2010 to 2011 Budget Budget $ BUDGET Purchased Power and Resource Costs 2010 2011 CHANGE otaI EnergySupply-Various $ 9,765,024 $ 10,130,484 $ 365,460 $61.03 $62.53 Transmission-Sierra Pacific Power Company $ 1,043,766 $ 1,043,766 $ - Scheduling -NCPA $ 75,348 $ 77,993 $ 2,645 Power Supply Costs from Market Purchases(NCPA) $ - $ - APA cost/(credit)toward MWh's $39,616 $76,416 $36,801 Total Bulk Power Costs $ 10,923,753 $ 11,328,658 $ 404,905 3.6% Total Annual MWh 160,000 162,000 2,000 1.25% Total Delivered Cost$/MWH $68.3 $69.9 $1.66 2.43% The 2010 & 2011 Plans assume costs for natural gas, electric market purchases and 4. FISCAL IMPACT The final Purchase Power and Resource Plan will become part of the budget for 2010 and 2011. 5. RECOMMENDATION Adopt the 2010 and 2011 Purchase Power and Resource Plan. Stephen Hollabaugh Michael D. Holley Assistant General Manager General Manager