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Legal Disclaimer. Public Utility District No. 2 of Grant County, WA (District) will be conducting an auction for the sale of a percentage portion of the electrical generation output and associated products (Project Slice) from the District's Priest Rapids Project.The following information provided relates to the auction process and Project Slice description. While the District believes this information to be accurate, potential bidders shall be solely responsible for conducting the1140
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1. Welcome to Grant PUD Power Auction Pre-Bid Conference
3. Significant Dates Oct 1 Power Data Updates
Oct 21 Pre-qualification Ends
Nov 5 Power Auction
Nov 6 Contract Execution
Dec 31, 2009 – HE2400
Power Delivery Begins
4. Agenda Project Overview
Product Overview
Point of Delivery
PRP Operations
Operational Rights & Responsibilities
Pre-qualification Process
Collateral /Guaranty Requirements
Bid Process
Contract Execution
5. Priest Rapids Project Priest Rapids Development
Priest Rapids is located approximately 60 southwest of Ephrata Washington on the Columbia River and is downstream of Wanapum Development.
Wanapum Development
Wanapum is located approximately 18 miles upstream of Priest Rapids on the Columbia River.
6. Priest Rapids Project Priest Rapids Development
Generation Units 10
Rated Capacity 955.6 MW
Length 10,103 ft. concrete/earth fill
Rated Head 78 feet
Construction Started July 1956
Generation Began October 1959
Storage Capacity 8,878 MWhs
Wanapum Development
Generation Units 10
Rated Capacity 1,038 MW
Length 8,637 ft. concrete/earth fill
Rated Head 80 feet
Construction Started July 1959
Generation Began October 1963
Storage Capacity 17,419 MWhs
7. Priest Rapids Project Output 6% PRPO Slice is approx:
Energy ~ 70 MW
Capacity ~ 113 MW
Storage ~ 1,578 MWhs 12.43% PRPO Slice is approx:
Energy ~ 145 MW
Capacity ~ 234 MW
Storage ~ 3,269 MWhs
8. Points of Power Delivery Section 7 The 230 kV bus of the Bonneville Power Administration’s Midway Substation
The 230 kV bus of the switchyard of the Wanapum Development
The 230 kV bus of the Vantage Substation
At any other location mutually agreed to by the District & the Auction Winner
9. PRP Operations Capacity is dependent upon:
Units on-line
De-ratings
Losses
Planned maintenance
Non-power constraints
Fish Operations
Rock Island Encroachment
Canadian Entitlement
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12. Units Available On average Priest Rapids has between 9 and 10 units available for generation.
Wanapum, due to the advanced turbine replacement project, has had between 8 to 9 units available throughout the year.
13. Forced Outages > 5hrs In total there were 17 occurrences of Forced Outages between May 08 to May 09.
Planned maintenance is generally done during periods that do not adversely effect generation at the projects.
14. Non Power Requirements (NPRs)
15. NPRs – Cont’ License Minimum – PR 36 kcfs/ 365 days
Reverse Load Factoring – Capacity constraints at Priest 300MW during daylight hrs/ 800MW+ during night – 5 wks starting mid-October
Protection Level Flows – PR 60-70 kcfs/ mid-Nov through mid-April
Rearing Period Operations – PR flow band is limited to between 20 to 60 kcfs/ mid-March through June
16. NPRs – Cont’ Planned Fish Spill Program
Mid April – 3rd Week in August
Priest Rapids ~ 26 kcfs
Wanapum ~ 22 kcfs
18. PRP De-ratings CEAEA – Canadian Entitlement
~100 MWa capacity ~ 57 MWa energy all returned on HLH
Losses
~ 5 MWa at PR, 4 MWa at Wan
Wanapum Encroachment
~17 MWa transfer from PR to Wan. Net zero to PRP
RI (Rock Island) Encroachment
~ 70 MWa energy returned to Chelan PUD
20. Added Value of Owning a Slice of Hydro Dynamic Capability
Reserves
Shaping
Mid-C trading Hub
21. Operational Rights & Responsibilities Pond Management
Scheduling Procedures
Preschedule
Real Time
Information Flow
Joinder to Mid-C Hrly Coordination
22. Storage or Pondage…
23. Pond Management Inflows (power) – Outflows (Generation) = Change in Storage
Pond account balance is supplied hrly via an ftp site, in MWhs & can be telemetered to you
5 am PPT, BPA sends estimate of uncoordinated flows from Chief Joe in kcfsd
Pond Transfers – bilateral transactions to allow pond to be moved between parties
25. Scheduling Procedures - Preschedule Between 7-8:30am via e-mail or ftp site:
Your Max & Min Generation Limits
Pond Level
Transmission Losses
Canadian Entitlement Obligation
This information is for the following day.
26. Scheduling Procedures – Cont’d The following information is made available via a secured ftp site:
5 am PPT, BPA publishes the CHJ uncoordinated flow estimates for following 8 days
8:30 am PPT, BPA publishes the estimated profile of their uncoordinated releases (in MWa over 8hr blocks, 2 HLH, 1LLH)
~ Noon PPT, BPA will provide updated estimate if change is significant
27. Auction Winner Must Provide Grant: 10 am PPT, pre-schedule of desired generation
Pre-schedules must be above minimum and below maximum generation requirements
Pre-schedules can be communicated to Grant electronically or verbally
Pre-schedules are limited to the amount of daily capacity available divided by 15, + 1 ~9
28. The Auction Winner Can change the pre-schedule any time up to 20 minutes past each hour
Must communicate real time changes to Grant verbally
Will not exceed 3 schedules on an hourly basis on real-time, unless necessary to maintain positive pond balance or avoid spill
Must ensure all tagging and other requirements are met each hour
29. Other Rights and Obligations of Auction Winner Option to join Mid-C Hourly Coordination
To join MCHC – a letter must be submitted to the Chairman of the MCHC committee
Obligated to be trained by Grant on MCHC requirements
Provide identification of operating reserves on e-tags (pre-schedule and r/t)
30. Auction Process Pre-qualification Application
Info Needed
Determination of Guaranty and/or Collateral Requirements
Preparation for Day of Auction
Bid Form
Documents to have ready
Contract Execution
Timing
31. Pre-qualification Process Ends Wednesday October 21, 2009
Must be pre-qualified to bid
The application is available on-line at www.gcpud.org/powerauction
Staff will contact applicants and notify you of your pre-qualification status and any guarantee requirements
32. Pre-qualification Application Reps Legal ability to enter into the auction Contract
Ability to provide documentation authorizing Contract execution on behalf of Applicant
Commitment to post collateral and/or guaranty (if needed)
Commitment to provide credit info
Commitment to sign Contract if deemed Auction Winner
33. Guaranty and Collateral Establishment Process
35. Collateral Threshold Table
36. Auction Winner with Investment Grade Rating of BBB+
38. Collateral Threshold Table
39. Auction Winner with Below Investment Grade Rating & Guarantor w/ A- Rating
41. Auction Winner with Below Investment Grade Rating w/ No Guarantor
42. Pre-qualification Response Grant will acknowledge in writing receipt of Pre-qualification Application.
If a guaranty is required, it will restate who the Counter Party has selected to provide the guaranty.
The Response will state the Guarantors credit issuer rating.
The amount of the Collateral Threshold Offset will also be stated.
Alternative collateral choices for unrated Counter Parties.
43. Guaranty The District has an approved Guaranty available on the website.
- Suggestions for future auctions?
Existing wholesale marketing guarantees could be used with modifications.
44. Bid Process and Contract Award Major changes from last year:
Bid window has been shortened to 3 hrs
Winner will be notified around 11:15 a.m. on Auction Day, Thursday November 5th
Contract Awardance and Execution will happen on following day, Friday November 6th
One Entity can win both slices
45. Bid Form Instructions Only Pre-qualified Bidders are eligible to submit a bid
Must submit bid using Bid Form provided
The auction will start at 8 a.m. on November 5, 2009 and end at 11a.m., P.P.T. the same day
E-mailed bids will not be accepted
Bids should be faxed to both numbers listed on the Bid Form or mailed
Please do NOT round bid amounts
46. Contract Award Preparation Day of Auction have the following ready in the event you win:
Guaranty Letter
Collateral Documentation
Corporate Resolution showing authority of individual signing OMAC to do so
Person available to execute the contract
47. For More Information Contact Us at powermarketing@gcpud.org
Visit our web-site at www.gcpud.org/powerauction
Call Michiko Sell at 509.754.6614 or 509.361.9229
Call Brett Bergeson at 509.754.7219