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FPL’s 2007 Renewable RFP

FPL’s 2007 Renewable RFP. Pre-Proposal Meeting May 18, 2007. Purpose of the Meeting. Summarize FPL’s RFP Solicit Comments Solicit & Answer Questions. FPL’s Renewable RFP. Issued April 23, 2007 Bids due July 1 No limitations on size or technology;

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FPL’s 2007 Renewable RFP

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  1. FPL’s 2007 Renewable RFP Pre-Proposal Meeting May 18, 2007

  2. Purpose of the Meeting • Summarize FPL’s RFP • Solicit Comments • Solicit & Answer Questions

  3. FPL’s Renewable RFP • Issued April 23, 2007 • Bids due July 1 • No limitations on size or technology; • No limitations on pricing or payment structure; • Initial delivery dates from 2008 through 2015; • Few restrictions on contract length • FPL purchases renewable attributes.

  4. FPL’s Minimums • Proposal must be received by July 2, 2007 (first business day after July 1) • Delivery of electrical capacity and/or energy must be from new renewable facilities or expanded • Capacity and/or energy must be from an identified source; • Must commit all of the output; • Must include all renewable attributes

  5. Minimums (continued) • Must provide information supporting Proposer’s ability to successfully develop the project; • Must certify no pending legal action; • Must provide a resource analysis; • Must provide a report indicating no significant barriers to permitting; • Proposal pricing must include all costs; • Explain methodology to allow FPL to evaluate • Must include a commitment letter for the resource; • Must include a fuel plan; • Transmission interconnection costs or wheeling costs must be in the proposal;

  6. Minimums (Continued – 2) • Must agree to FPSC approval; • Note regulatory modification language • Must agree to FIN 46 language • Must be a binding bid, signed by an Officer.

  7. Evaluation Process • The objective is to solicit proposals that are the best renewable generating alternatives that satisfy the RFP requirements in a cost effective manner. • The evaluation process cannot be specified in detail, as we anticipate widely varying, creative, proposals.

  8. Evaluation Steps • Screening for compliance; • Economic evaluation of individual proposals; • Economic evaluation of portfolios; • Evaluation of total system costs; • Non-Economic evaluation; • Best & Final Offer; • Final Selection

  9. Other Issues • Types of proposals • RFP Evaluation Fee • One variation allowed • Power Purchase Agreements • Security Package Requirements

  10. Schedule • Release RFP April 23 • Pre-Proposal Workshop May 18 • Cut-off date for questions June 1 • Proposals Due July 1 • Short List Announced November 1

  11. Questions?

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