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Resource Adequacy, Reliability, Risks and Markets

Resource Adequacy, Reliability, Risks and Markets. October 9, 2006 Sean Gallagher California Public Utilities Commission Energy Division, Director. LTPP Scoping Memo Issued 9/25. Goals of LTPP review process Approve one set of LTPP plans (merge STPPs and LTPPs)

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Resource Adequacy, Reliability, Risks and Markets

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  1. Resource Adequacy, Reliability, Risks and Markets October 9, 2006 Sean Gallagher California Public Utilities Commission Energy Division, Director

  2. LTPP Scoping Memo Issued 9/25 • Goals of LTPP review process • Approve one set of LTPP plans (merge STPPs and LTPPs) • Integrate EAP II Goals into LTPP • Review Selected Procurement Practices & Procedures • Review 10-year Resource Plans • Identify need for new resources (likely targeted for 2010-2012 timeframe)

  3. Review Select Procurement Policies • Procurement Practices • Competitive Procurement RFO • Promote all source solicitations – define? • Transparency/confidentiality • Pre-review of RFO documents? • Credit and Collateral • Credit and collateral policies should not be a barrier to supplier participation in RFO process (while adequately protecting buyer) • Commission has engaged consultant to assist in review

  4. Review Select Procurement Policies • Procurement Practices (Continued) • Independent Evaluator • Scope of Independent Evaluator role • Impartiality of Independent Evaluator • Costs & benefits of using Independent Evaluator • AB 1576 • All parties are invited to submit proposals for mechanism to implement • RFO? Bilateral? Unilateral? • Plans must discuss how utilities will implement repowering policies

  5. Review Select Procurement Policies • Risk Management Practices • Risk Measure (Time to Expiration for the Value at Risk, TeVaR) • Standardization? • Calculation? • Gas Hedging • Best practices? • Consistency across portfolios (IOU/DWR) and/or IOUs?

  6. Need Determination • Plans will identify the need for new resources (2007-2016) • Establish the specifics of any need determination • Range of Need (e.g. 500-700 MW) • Timeframe (e.g. 2010-2012) • Location (e.g. x % in Local Areas) • Type of Resource Needed (Blackstart, quickstart, VAR support, wind integration, baseload/shaping/peaking) • Timeframe of RFO • Establish the Need on a System Need and Bundled Customer basis • D. 06-07-029 cost allocation mechanism stays in place until it is replaced by subsequent Commission directives, therefore, LTPPs must look at both bundled and system need • LTPP Phase 2 decision will need to determine whether cost allocation mechanism is extended to next round of contracts

  7. Next Steps in LTPP • 10/12 PHC/Energy Div Workshop • 10/20 Track 1: Energy Auction Proposals Due • 11/20 Track 2: LTPP Filings Due • 11/30 Track 1: Workshop on Proposals • By 12/8 Track 2: IOU Workshops on LTPP filings • 1/17/07 Track 2: Intervenor Testimony Due

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