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IRP Workshop - CVPS. February 12, 2007. Power Supply Issues. HQ/VY Contracts Terminate 2012-2016 Climate Change and CO2 Emissions Resource Portfolio Factors Diversity Renewable Stable or Predictable Prices Nuclear vs No Nuclear Small / In-state vs Large Imports.
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IRP Workshop - CVPS February 12, 2007
Power Supply Issues • HQ/VY Contracts Terminate 2012-2016 • Climate Change and CO2 Emissions • Resource Portfolio Factors • Diversity • Renewable • Stable or Predictable Prices • Nuclear vs No Nuclear • Small / In-state vs Large Imports
Power Supply Initiatives • Act 61 • Efficiency • SPEED • CHP • Public Involvement Process • Vermont Generation Feasibility • New England Market Changes (FCM) • Distributed Utility Planning • Renewable Portfolio Standards
2007 CVPS IRP • Reiteration of the 2003 Decision Analysis • Portfolio risk management • Multi-Attribute Trade-off Analysis • Price (NPV and variability) • Resource Attributes ? • Size • Location • CO2 (RGGI) • Renewable • IRP Analyses Can Inform the Public Involvement Process
GMP 2007 IRP Process • Follow- up to 2003 Decision Analysis • Scenario Evaluation of Six Resource Portfolios • Decision Analysis to Refine Scenario Evaluations • Stress testing Best Portfolios to support contingency planning • Multi-Attributes Trade-off Analysis for Decision Making • Revenue Requirements (NPV and variability) • Other Portfolio Attributes • Environmental Impacts • Financial Impacts • Resource Locations • Fossil fuel dependency • Resource Plan Flexibility • IRP information needs will be used to inform the Public Involvement process