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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/11/2010 - OVERVIEW OF PLATTE RIVER POWER AUTHORITY OPERATION DATE: May 11, 2010 STAFF: Brian Janonis WORK SESSION ITEM Steve Catanach FORT COLLINS CITY COUNCIL Pre-taped staff presentation: available at fcgov.com/clerk/agendas.php SUBJECT FOR DISCUSSION Overview of Platte River Power Authority Operations and Planning. EXECUTIVE SUMMARY This is the second of a two-part discussion on Platte River Power Authority(Platte River). The first discussion on December 8, 2009, focused on the organization of Platte River by the four municipalities of Estes Park, Fort Collins, Longmont, and Loveland. Topics included governance structure as defined by the Organic Contract, the role of the Board of Directors, municipal representation,significant Platte River governing policies and communications between Platte River and the City Council. This presentation will focus on Platte River's generation resources, including renewable energy sources, demand side management and energy efficiency programs, emissions, and its Climate Action Plan. Platte River will discuss how its operations have changed in response to the changing environment. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED • Is there any additional information Council would like to see? BACKGROUND / DISCUSSION BRIEF HISTORY Platte River Power Authority ("Platte River") was formed as a power authority in 1975 through a contract among the municipalities of Estes Park, Fort Collins, Longmont, and Loveland. Platte River provides essentially all of the electricity requirements of the Municipalities from generation and transmission resources developed since 1975. The Municipal utility systems, in turn,provide electricity to retail customers through their local distribution systems.' Platte River also sells electricity that is surplus to the Municipalities' needs to other electric utilities in the region. In addition to supplying electricity, Platte River provides other products and services to the Municipalities, including demand side management and energy efficiency services, renewable energy source certification, greenhouse gas emissions reporting and climate registry services, telecommunications infrastructure, customer information system and billing support, equipment maintenance support, energy services and market research. May 11, 2010 Page 2 RESOURCES Platte River meets the projected power and energy requirements of the Municipalities through the following resources: • Long-term hydropower supply (power and energy), received from Western Area Power Administration pursuant to two long-term contracts (currently to 2024) for electric supply and transmission service. Summer and winter capacity amounts to about 90 MW and 117 MW respectively. • Platte River's 18%undivided ownership interest(154 MW net capability share) in the coal- fired Craig Units 1 and 2, located near Craig, Colorado. These were placed in commercial operation in 1980 and 1979, respectively, and are owned jointly with four other regional utilities. • Rawhide Unit 1, a 280 MW net capability coal-fired electric generating facility, located at Rawhide Energy Station in northeastern Larimer County, Colorado, which commenced commercial operation in March 1984. Rawhide Unit 1 is wholly-owned and operated by Platte River. • Wind turbines located at the Medicine Bow Wind Project, owned and operated by Platte River,and the Silver Sage Wind site,through long-term purchase contracts(to 2029). Total rating of these two wind turbine plants is approximately 20 MW. Renewable energy certificates(RECs)are also purchased from wind sites in the region. Since wind generation does not contribute capacity at time of system peak, it is considered an energy resource. • Natural gas combustion turbines (Units A, B, C, D and F) located at the Rawhide Energy Station. These turbines are owned and operated by Platte River,with a total capacity of 388 MW (summer rating). A detailed breakdown of energy supplied to Fort Collins from each of these resources is provided in Attachment 1. Renewable energy (hydropower and wind combined) provides over 20% of the total supply to the City. RENEWABLE ENERGY PLANNING Planning for renewable energy supply is guided by a Renewable Energy Supply Policy (Policy), approved most recently by the Platte River Board of Directors in July 2007. This Policy is intended to guide Platte River as it plans for and acquires new renewable sources to meet the needs of the Municipalities. Guidance is provided regarding the level of renewable sources to be obtained, the type of sources considered acceptable to meet the Municipalities' renewable requirements, the anticipated impacts of renewable sources on future resource planning, the timing of resource acquisition and the approach to be used for pricing renewable sources for sale to the Municipalities. All of the Municipalities offer renewable energy as an option to their customers and the rate for renewable supply is the same for all Municipalities. This rate is based on the total net cost to acquire and deliver renewable supply (not including hydropower). This rate is charged as a premium to the standard wholesale electric rate, since the renewable sources acquired to date are more costly than traditional sources. Common pricing allows each municipality to retain the benefits of renewable supply based on its individual purchases. Fort Collins uses nearly half of the total energy supplied to the four communities, but purchases about 70% of the total renewable supply. This means that 70% of the benefits of renewable energy sources accrue to Fort Collins. May 11, 2010 Page 3 These benefits include greenhouse gas emission reductions associated with use of renewable energy and may include other benefits in the future. The most recent addition to renewable energy supply was made in October 2009, with start-up of the Silver Sage Project. The current renewable energy forecast(four Municipalities combined)calls for the next addition to be acquired in approximately 2014. Each of the Municipalities could individually request more renewable supply if it saw fit to do so. For 2010, energy sources will comprise about 42%of total renewable supply,with RECs supplying 58%. By 2014,energy sources are planned to meet about 60% of total supply and by 2020, this portion increases to over 80%. Platte River tracks local and regional renewable project developments and provides information to the Municipalities regarding potential new options for renewable supply. A copy of the Renewable Supply Policy is included as Attachment 2. . DEMAND SIDE MANAGEMENT/ENERGY EFFICIENCY Platte River currently invests significant resources in Demand Side Management(DSM),which can include energy efficiency,peak clipping,distributed generation and other technologies that exist on the customer side or"demand side"of the retail electric meter. Most of Platte River's current DSM activities are focused on energy efficiency. The 2010 budget for DSM funded by Platte River is approximately$1.9 million-roughly triple the investment made five years ago. DSM investments by Platte River have been primarily based on Platte River's Integrated Resource Plans (IRPs). Two broad categories of DSM programs are in place: (1) "Common Programs"—those operated by Platte River in each of the Municipalities and funded jointly by Platte River and the Municipalities, and (2) Specific Municipal Programs—unique to each Municipality. Attachment 3 provides a detailed list of DSM programs. Common Program performance has exceeded expectations set by the two most recent IRPs (2002 and 2007), as indicated from the following metrics: • Energy savings exceed expectations by 70% • Demand savings 30% greater than predicted • DSM program investment 12% greater than projected • Cost per unit of energy saved 35% less than predicted A description of the Common Programs currently operated by Platte River is given below. A total of seven programs are provided—four in the commercial sector and three primarily for residential customers. • Electric Efficiency Program(EEP)—Rebates and technical assistance for energy-efficient upgrades in commercial and industrial facilities. • LightenUP — Rebates and technical assistance to customers and referrals to experienced contractors for lighting retrofits (commercial and industrial). • Lighting with a Twist — Reduced prices on compact fluorescent light bulbs sold at participating retailers (residential customers). May 11, 2010 Page 4 • Building Tune-Up — Assistance to commercial customers for retro-commissioning of building systems. • Energy Audits — Audits and technical information for commercial customers to identify efficiency projects. • Select Heating Ventilation and Air Conditioning (HVAC) —Regional effort to provide training and other support for HVAC contractors (residential and small commercial). • ENERGY STAR Homes—Marketing and technical support for ENERGY STAR qualifying new homes. The Common Programs have provided the following benefits: _ • Lower Emissions—Regional carbon dioxide (CO2)reduction of about 40,000 metric tons annually, with additional reductions of other criteria emissions (oxides of nitrogen(NOx), sulfur dioxide (SO2), etc.). • Reduced Fuel—Natural gas and coal consumption has been decreased by about 500,000 million BTU annually (combined Platte River and region). • Reduced Community and Customer Energy Use—Electricity use in the four communities (combined) decreased by about 55,000 MWh/yr (about 1.8% of 2009 total) and customers participating in programs reduced their electricity costs by about $3 million annually. • Reduced Net Community Energy Cost — It is estimated that wholesale rates would increase about 1.3%within 5 years(2014)due to current DSM programs,but total purchases by the municipalities would be about 2.2%less. Therefore,the communities' payments for electric supply would actually decrease. • Local Economic Benefit—Approximately$20 million in local economic activity has been initiated due to investment in DSM projects. • Customers Served — An estimated 30,000 to 50,000 residential customers and over 600 local business customers in the member municipalities have participated in the current programs. • Delayed Generation Investment—Programs have delayed the need for new generation by about one year. By 2014,the delay is estimated to be about two years(current DSM levels). Each year, DSM data is provided to the Western Area Power Administration, as part of the IRP reporting process required by the Energy Policy Act. For the most recent reporting year (2008), combined DSM programs for Platte River and the owner Municipalities provided energy savings of about 58,000 MWh/yr, with summer peak demand reduction of about 29 MW. These represent about 1.8%of total energy sales to the Municipalities and about 4.6%of the Municipalities' annual peak (2008). May 11, 2010 - Page 5 Funding of Common DSM programs is summarized in Attachment 4. Approximately $7 million has been invested by Platte River in DSM support to the Municipalities for 2002 through 2009. Fort Collins customers have received more funding relative to sales and the other three municipalities' customers have received relatively less. This is due primarily to more aggressive marketing of programs in Fort Collins (by Fort Collins Utilities). Each Municipality makes its own choices regarding costs and benefits of energy efficiency and decides the level of program funding it wishes to implement above and beyond the common programs operated by Platte River. Fort Collins has made extensive investment in energy efficiency to help its citizens and businesses. The main benefit of DSM programs in Fort Collins goes directly to Fort Collins Utilities' customers. When FCU and its customers invest in energy efficiency programs, FCU customers receive the physical improvements to their homes and businesses (better insulation, new windows, improved lighting, new appliances, etc.) and only FCU customers get the improved comfort and lower electric bills associated with the program measures. ENVIRONMENTAL PERFORMANCE/STEWARDSHIP Highlights of Platte River's historical record and current activities in the area of environmental performance are summarized below. These are in addition to the renewable energy and energy efficiency program details provided earlier. • Platte River is guided by a Board-approved Environmental Policy and set of Environmental Principles that integrate environmental considerations into planning, design, construction and operations (see Attachment 5). • Platte River is the only electric power supplier in the state of Colorado to maintain 100% environmental compliance in all operations since inception. • The Rawhide and Craig coal facilities operate with S02 and NOx emission rates that are among the lowest in the U.S. (see Attachment 6). • In 1998, Platte River was the first utility in the region to provide wind power (from the Medicine Bow Wind Project) — to supply Fort Collins initially, then for supply to all the Municipalities in 1999. • Since 1997,Platte River has voluntarily reported greenhouse gas emissions and became the first utility outside of California to join the Climate Action Registry—Platte River has also since joined the national climate registry as a founding member. • Platte River was the first municipal generator in the state to develop a Climate Action Plan that outlines specific options for reducing CO2 emission to 20%below the level for 2005 by 2020 — the plan shows that a large portion of the reduction goal could be met with increased energy efficiency and new renewable energy. • To reduce waste from used compact fluorescent lamps (CFLs), Platte River worked with regional entities to establish a CFL recycling program. This was a joint program with Fort Collins, Xcel, Colorado Department of Public Health & Environment, EnCana Oil & Gas, ACE Hardware, and other local retailers. May 11, 2010 Page 6 • With goals of avoiding disposal costs and saving natural resources, Platte River is working to develop new uses for fly ash, the powdery material that is the main by-product of coal combustion. A portion of fly ash is now sold for beneficial use, including displacement of a portion of the cement in construction materials, which saves money and reduces CO2 emissions. During 2009, about 17% of the fly ash was sold for beneficial use. • An employee-run program for enhancing sustainability in Platte River's offices has identified many options for reducing greenhouse gases and saving resources, including reduced paper usage,building efficiency improvements,and reduced computer energy use. Prior to formation of the team, Platte River recycled yard waste, scrap metal and mixed office waste for over a decade. • Alternative vehicles and transportation have been supported by Platte River for decades, including testing of alternative fuel vehicles, bicycle commuting and promotion of ride sharing. Through the Larimer County Smart Trips VanGo program,employees drove 84,000 fewer miles, saved about 3,600 gallons of fuel and reduced CO2 by 36 tons during 2008. Platte River also continues its initiative to replace gasoline-powered service trucks used at its Headquarters and Rawhide sites with electric carts. The addition of eleven new carts in 2009 will further reduce gasoline consumption, regulated emissions and CO2 emissions. • Platte River supports the Climate Savers Computing Initiative—focused on energy reduction in distributed and server systems. The ultimate goal is to reduce computer power consumption by 50%. • Since 2001, Platte River has provided over$44,000 to the Municipalities for planting trees in parks, along streets and at schools. Platte River was recognized for its efforts in a 2009 Fort Collins Arbor Day Proclamation. • Platte River has participated in the Climate Wise program since its inception and is currently a Gold Level member. • Platte River initiated a voluntary emissions reduction agreement (VERA)with the State of Colorado for the Rawhide Energy Station, which led to reductions in SO2 and NOx emissions. As part of the VERA, new burners were installed in 2005 which reduced NOx emissions by over 40%. About $6 million was invested in this voluntary effort. • Platte River also voluntarily agreed to reduce mercury emissions —two years earlier than required. Platte River installed a state-of-the-art continuous emissions monitoring system and began detailed measuring of mercury more than a year before it was required. The improved measurement technology shows mercury emissions are only about half of what was estimated using older measurement technology. Platte River's total investment in mercury measurement and control is expected to exceed $22 million by 2020 (capital and operating costs combined). • Platte River recently was selected for the Environmental Leadership Program Silver Award from the Colorado Department of Health and Environment. No other generation utility has received this level for all operations. May 11, 2010 Page 7 • Platte River's investments in energy efficiency,recycling,renewable energy and power plant performance enhancements exceed $60 million over the last 10 years. Platte River will continue to be proactive in evaluating and implementing improvements in its operations that balance environmental, social and economic perspectives. CLIMATE ACTION PLAN In 2007, the Governor of the State of Colorado issued the Colorado Climate Action Plan, which included a goal of reducing statewide greenhouse gas emissions to 20 percent below 2005 levels by 2020 and 80 percent below 2005 levels by 2050. To meet the 2020 goal, Platte River would need to reduce carbon dioxide emissions by approximately 700,000 metric tons. The Governor's Energy Office asked the state's electric utilities to voluntarily develop plans to meet these targets using approaches specific to each utility's unique circumstances. In June 2009, Platte River completed its first Climate Action Plan (CAP). A consultant was hired to assist in the CAP development (KEMA, Inc.). Nine public events were conducted to share the draft plan with citizen advisory groups, large customers (key accounts) and the general public. Once completed, the final CAP document was distributed to the Governor and other interested parties and is currently available in electronic format on Platte River's web site or in hard copy upon request. The Executive Summary from Platte River's CAP is provided as Attachment 7. The full report can be accessed at: www.prpa.org/enviromnent/i/capjune2009.pdf Based on the 2009 CAP study effort, a 20% reduction by 2020 appears possible for Platte River. The three lowest cost options for meeting this reduction include: (1)reduced reserve surplus sales, (2)increased energy efficiency programs for retail customers,and(3)additional central station wind generation. Each of these options could reduce coal generation levels, directly reduce emissions from Platte River resources,decrease surplus sales and increase wholesale rates. Reductions in coal generation were assumed to take place at Craig. These three measures were estimated to reduce total emissions by about 23%, with an estimated wholesale rate increase of about 16% by 2020. This increase would be in addition to rate increases required for the base case planning scenario. Since the 2009 CAP was completed,Platte River continues to track legislative and regulatory efforts associated with carbon policy and has developed estimates of potential costs for various federal legislative proposals. Based on work by the American Public Power Association (APPA), Large Public Power Council (LPPC), Colorado Association of Municipal Utilities (CAMU) and other groups, it appears that federal cap and trade legislation could increase wholesale costs by as much as 70% by 2020, depending on the amount of CO2 emission allowances allocated to electric generators and associated allowance prices. In addition,Platte River has contributed to an effort by the Governor's Energy Office to develop a summary report on policy issues for electric generators throughout Colorado. Energy efficiency efforts also continue,with program savings well ahead of estimates made in Platte River's 2007 Integrated Resource Plan(a five-year plan for 2007 to 2011). Additional wind generation was added in late 2009, at the Silver Sage Wind Project west of Cheyenne,Wyoming. Finally,a preliminary evaluation of reserve sale changes has been completed, which indicates that a portion of reserve energy sales reductions may need to come from Rawhide (vs. all reductions occurring at Craig). This has only a minor effect on the overall results. Recently, Platte River staff evaluated three options for reducing or replacing coal generation at the Craig and Rawhide units with natural gas-fired generation sources. Increased costs for these May 11, 2010 Page 8 measures ranged from$89 million/year to about$280 million/year,with CO2 reductions from 32% to 57%. Wholesale rate increases required to implement these options ranged from 44%to 140%. For a typical residential customer,this would mean the monthly rate would more than double,with costs to an average home increasing by about$60-70 per month. Costs for commercial,institutional and industrial customers would also increase by more than double relative to today's costs. A copy of the draft study is provided as Attachment 8. Platte River's CAP was developed as a planning tool. Beyond energy efficiency program expansion and recent renewable energy additions,no additional CO2 reduction measures have been budgeted for 2010 and beyond. Platte River's Board of Directors will continue to review developing climate change issues and make policy and budget decisions associated with future implementation of options. FUTURE CHANGES Looking forward,Platte River is working with the Municipalities to track several developing areas, including Smart Grid technology, demand side management and energy efficiency,Climate Policy, environmental regulations,evolution of electric vehicle technology,renewable energy development and evolution of distributed generation sources. To stay abreast of developing issues, Platte River maintains positive relationships with the Governor's Energy office,state agencies,regional utilities and other groups. Coalitions are a cost effective way to increase knowledge of developments as they occur and to increase responsiveness. Platte River works with a variety of local, state, regional and national coalitions, including the local Chambers of Commerce, the Colorado Utilities Coalition, the Colorado Association of Municipal Utilities, the Colorado Municipal League, the Colorado Association of Commerce and Industry,the Western Energy Supply and Transmission Association, the Large Public Power Council, the Western Governors Association, the Colorado River Energy Distributors Association,the Colorado Energy Forum,the American Public Power Association and the Climate Policy Group. Platte River staff maintains knowledge of developing issues through these groups and through training via the Rocky Mountain Electric League and other resources. Platte River will continue to work closely with the Municipalities to plan for the future and meet its ongoing strategic business objectives (summarized below): • Delivering value to the Municipalities and their citizens — by understanding their needs, improving satisfaction through quality services,and developing new products and services. • Providing a competitively priced wholesale electric energy supply and delivery system — through optimizing the resource mix,efficiently managing costs while maintaining reliability and continuing the commitment to environmental stewardship. • Ensuring financial integrity — by maintaining access to low-cost capital, responsible management of financial and physical assets, risk management, timely business analysis, prudent investment and capital management. Platte River management will be available to answer questions on the topics presented above or other areas of interest during the May 11 City Council Work Session. May 11, 2010 Page 9 ATTACHMENTS 1. Sources of Power and Energy supplying Fort Collins 2. Platte River Renewable Energy Supply Policy 3. Demand Side Management/Energy Efficiency Program Summary 4. DSM Program Funding 5. Platte River Environmental Policy& Principles 6. Emissions Comparisons for Rawhide and Craig 7. Platte River Climate Action Plan Executive Summary 8. Preliminary Study of Gas vs. Coal Generation 9. Powerpoint presentation Attachment 1 — Fort Collins Wholesale Supply Mix — 2009 Wind H -dro <x� lri { 1 ?. 6 , w 4 (�Gas Criji m Purchises Ov4 % 1 Attachment 2—Platte River Renewable Energy Supply Policy(last approved July 2007) Platte River Power Authority Renewable Energy Supply Policy July 12, 2007 INTRODUCTION Since 1998, Platte River has provided renewable energy to the Municipalities from the Medicine Bow Wind Project. The energy generated at the Medicine Bow site supplements hydropower purchased from Western Area Power Administration (WAPA), which is also a renewable resource. As the needs of the Municipalities have increased, new options for meeting renewable requirements have been identified. For 2005, the level of non-hydro renewable supply provided was less than 40,000 MWh,or about 1.6% of total energy sales to the Municipalities. In 2007, about 127,000 MWh is expected to be delivered (roughly 4% of total Municipal energy sales). Current forecasts anticipate requirements for new renewable energy from sources other than WAPA hydropower of about 211,000 MWh/yr by 2016(10 years out) and about 463,000 MWh/yr by 2026(20 years into the future). This Policy is intended to guide Platte River as it plans for and acquires new renewable sources to meet the needs of its Municipalities. These plans will be reviewed periodically and updated as conditions change over time. The Policy provides guidance regarding the level of renewable sources to be obtained, the type of sources considered acceptable to meet the Municipalities' renewable requirements, the anticipated impacts of renewable sources on future resource planning,the timing of resource acquisition and the approach to be used for pricing renewable sources for sale to the Municipalities. RENEWABLE REQUIREMENTS Renewable energy requirements of the Municipalities are driven by several factors: • Fort Collins'Electric Energy Supply Policy—Approved by Fort Collins City Council in March of 2003,this policy seeks to increase the percentage of renewable energy sold within Fort Collins to 15% by the year 2017. • Longmont Renewable Energy Purchases—In December 2006, the Longmont City Council approved purchase of renewable energy at a level equal to 3% of total sales for inclusion in the rate base. Voluntary customer purchases are made above this level, leading to a total renewable requirement of about 3.6% in Longmont (2007). • Colorado Renewable Energy Standard—Amendment 37 was approved by voters in November 2004 and subsequently modified by Senate Bill 05-143 in 2005. In 2007, House Bill 07-1281 was implemented,establishing the current Colorado renewable energy standard. Many providers of retail electric service in Colorado must deliver clearly defined levels of renewable resources to their customers by specified dates. Plans in both Fort Collins and Longmont currently require renewable energy at levels significantly above the Colorado standard. Loveland and Estes Park are not currently affected by this standard. • Voluntary customer participation—Though there is currently no requirement that renewable standards be implemented in Loveland and Estes Park,customers of these Municipalities continue to purchase renewables on a voluntary basis. Additional renewable sources may be required for any or all of the Municipalities, particularly if large commercial or industrial customers decide to purchase renewable energy based on corporate or local goals. 1 Table 1 provides a summary of projected total renewable requirements for the four Municipalities, based on current estimates for the factors above, with the exception of potential large commercial and industrial purchases on a voluntary basis. Existing sources and estimates of net remaining needs are also shown. Renewable energy comprises about 6% of total energy distributed by Fort Collins in 2007, and the City intends to distribute 10%by 2014 and 15% in 2017. Longmont anticipates maintaining a level of at least 3.6%through 2016, 6% by 2017 and 10% by 2022. Loveland and Estes Park do not anticipate significant requirements of new renewables at this time. Table 1 provides a current year and 10-year estimate of future requirements for general planning purposes. Actual renewable resource acquisitions over time will be determined based on the current Colorado renewable energy standard and formal requests from the Municipalities (see Guidelines for Acquiring Future Renewable Sources below). Table 1. Summary of Estimated Renewable Energy Requirements Equiv. New New Estes Total Existing Sources Wind Fort Collins Longmont Park Loveland Required Sources RequiredCapacit Year (MWh) (MWh) (MWh) (MWh) (MWh) (MWh) (MWh) (MW) 2007 93,000 30,000 961 4,700 128,661 128,779 0 2008 93.000 30.000 961 1.000 124,961 125,779 0 2009 95,000 31.000 961 1,000 127,961 128,779 - 0 2010 96,000 31,000 961 1,000 128,961 75.779 53,182 17 2011 96,341 32,000 961 1,000 130,302 75,779 102,694 18 2012 98,318 32,000 961 1,000 132,279 51,779 129,660 26 2013 100,296 32,000 961 1,000 134,257 51,779 132,625 27 2014 170,455 32,000 961 1,000 204,416 51,779 186,728 50 2015 173.864 32,000 961 1,000 207,825 51,779 190,819 51 2016 177,341 32,000 961 1,000 211,302 16,779 229,991 63 2017 271,332 58,992 961 1,000 332.285 16,779 315,506 103 Note that the last column indicates the size of wind plant capacity required to provide the renewable energy requirements-assuming energy requirements are met 100% with wind plant at a 35%capacity factor. This is estimated information, for planning purposes only. Renewable requirements outlined above could be met with one or more of multiple sources (wind or other energy sources, RECs, etc.), as described in the next section. The Colorado renewable energy standard currently applies to Fort Collins and would likely apply to Longmont in 2010. It would likely not apply to Loveland until about 2020 and Estes Park would not be impacted for over 20 years (under current rules). All four member Municipalities are currently purchasing renewable energy at levels above the Colorado renewable energy standard. Figure 1 shows the difference between the Municipalities purchase plans and the Colorado renewable energy standard requirements, which ranges from about 80% in 2008 to roughly 50% in 10 years (2017). By 2026(20 years from now), the difference is less than 25%. 2 Figure 1—City Policies vs. Colorado Renewable Energy Standard 350,000 300,000 250,000 200,000 —City Policy 150,000 CO Standard 100,000 , 50,000 ti O ti0 Otis ti ti ti ti , ti ti ti ti ti DEFINITION OF QUALIFIED RENEWABLE ENERGY SOURCES Though federal hydropower provides a significant portion of the Municipalities' energy, for purposes of this Policy, federal hydropower is not considered a qualified renewable source. Distributed generation, fuel cells supplied with fossil fuels, demand side management,ethanol and biodiesel fired generation are also not considered qualified. Qualified Renewable Energy Sources include those listed below and energy generated for delivery to Platte River's electrical system from any of these sources may be counted toward the renewable requirements. These qualifications are consistent with the current Colorado renewable energy standard. • Solar systems (photovoltaic or thermal electric) • Wind turbines • Geothermal systems • Biomass generation systems • Hydroelectric units with a nameplate rating of ten megawatts or less Fuel for biomass generation systems is limited to nontoxic plant matter consisting of agricultural crops or their byproducts, urban wood waste, mill residue, slash or brush,animal wastes and products of animal wastes and methane produced at landfills or as a by-product of the treatment of wastewater residuals. Renewable Energy Certificates (RECs) associated with generation from any of the qualified sources listed above may also be used to meet renewable requirements. RECs represent the rights,title and interest in environmental attributes associated with energy produced from a renewable energy generation facility. "Environmental attributes" means any credits, benefits,emission reductions, offsets or allowances resulting from avoidance of emission of any gas, chemical or other substance attributable to renewable generation. These include any benefits or credits arising from legislation or regulation concerned with oxides of nitrogen or sulfur, particulate matter or mercury. Benefits or credits associated with reduced 3 production of carbon dioxide(greenhouse gas benefits) are also included, though it is unclear whether future regulations will allow RECs to be counted toward greenhouse gas reduction requirements. RECs also include the rights to report exclusive ownership of environmental attributes to any agency, authority or other party. One REC represents the environmental attributes attributable to the generation of one MWh of energy from specific renewable sources. These attributes are available primarily due to the fact that the renewable resource displaces fossil fueled generation(coal and natural gas) and reduce associated environmental impacts. For purposes of this policy, RECs must meet the following additional requirements to be considered qualified: • Generation facilities must be located within the western electrical grid (WECC), or within non- WECC states contiguous to Colorado(Nebraska, Kansas and Oklahoma). • Generation facilities must begin commercial operation on or after January 1, 1997, with the exception of existing small hydropower units. • Generation of renewable energy must occur within the calendar year that the equivalent amount of energy (with associated environmental attributes)is delivered to the Municipalities, within the last two quarters of the prior year,or within the first quarter of the following year,consistent with Green-e standards. • Renewable generation output solely required to comply with a renewable portfolio standard or other renewable energy requirement of a federal authority or state authority other than the State of Colorado will not be considered qualified. • Renewable generation capacity that comes on line solely to comply with a mandate by a public utilities commission ruling,or as a quid pro quo component of a legal settlement, will not be considered qualified. Platte River will be responsible for acquiring all RECs and other resources associated with renewable energy deliveries to the Municipalities. Platte River will also be responsible for assuring that RECs meet the qualifications contained in this policy. Renewable sources used to meet the Municipalities' requirements currently include the following (for deliveries planned in 2007 through 2009): 1. Energy generated from Vestas wind turbines, located at the Medicine Bow Wind Project site, owned and operated by Platte River(along with environmental attributes). Energy is transmitted to Platte River's electrical system, for delivery to the Municipalities. Approximately 13% of the total supply for 2007 is from this source. 2. Energy purchased from wind turbines that are not owned and operated by Platte River(along with environmental attributes),with energy transmitted to Platte River's electrical system, for delivery to the Municipalities. Purchases from the Clipper turbine are an example of this source. About 4%of supply is from this source(2007). 3. RECs purchased from renewable resources that are not owned and operated by Platte River, with no associated energy transmission. RECs are combined with energy produced by Platte River's generation sources and delivery is made to the Municipalities. RECs are used once and retired upon sale to the Municipalities. Approximately 83% of 2007 supply is from this type of source. GUIDELINES FOR ACQUIRING FUTURE RENEWABLE SOURCES Each type of renewable source comes with unique benefits and risks. Ownership provides stable long- term energy supply and can provide direct emission reductions: risks include post-warranty component 4 failure (gearboxes,generators, etc.) and reduced payments from the Renewable Energy Production Incentive program (federal subsidies for wind). Energy purchases (via long-term contracts with developers)can also provide emission reductions and stable long-term supply, with fixed contract rates. These type purchases can mitigate the risk of losing federal subsidies (developers receive credits through the tax law) and can also reduce the risk of component failure costs (the risk is on the developer rather than Platte River). REC-based sources are currently the lowest cost option in the short term and RECs cause no adverse impact on electric system operations. However, RECs provide no energy that may be useful to mitigate future fuel cost risk and RECs may not help address future legislation and/or regulations for carbon emissions (greenhouse gas rules) since they provide no energy to displace fossil fuel generation. Renewable markets today generally accept RECs as providing carbon reduction benefits. However, future regulations may not directly tie carbon reduction benefits to REC ownership. Another risk with RECs is significant price escalation if supplies become limited. This has happened in limited cases to date(mostly in the eastern U.S.), but may become more widespread as demand for renewable sources increases over time. Finally, long-term REC purchases are limited at this time, and therefore RECs may not provide the same price stability available from ownership of plant or from energy-based purchase contracts. Platte River's resource planning philosophy for firm resources is grounded in a long-term perspective, to ensure that the electricity needs of the Member Municipalities are met over the long-term. It is also prudent to apply a long-term perspective to acquisition of renewable resources,at least for a portion of the supply. The goal of this policy is to provide low cost, reliable supply, with price stability over time. The overall mix of renewable supply should include both long and short-term resources, and should include RECs and energy sources to provide supply diversity to help optimize benefits of the overall resource portfolio. In all renewable resource decisions Platte River will seek to minimize rate impacts (premium levels for renewable purchases). However, price stability, reliability of supply,counterparty risk and other financial risks, environmental and other benefits, potential carbon legislation and impact on Platte River's existing generation and transmission system will also be considered. Key guidelines for acquiring resources to meet Platte River's total renewable energy supply are as follows: • Resource acquisition criteria—New long-term renewable enerev resources should be added when the total amount of renewable energy required by the current Colorado renewable energy standard exceeds output capability of existing long-term renewable energy resources. Energy resources will be acquired to meet the Colorado renewable energy standard and any remaining amount necessary to meet higher self-imposed standards of the Member Municipalities will be acquired from REC-based sources. • Long-term renewable energy resources—These will include ownership of renewable generation plant from qualified sources or long-term renewable energy purchase agreements with developers or other suppliers (with a term of 15 years or more). • Apply in-state resource credits—Consistent with the Colorado renewable energy standard, potential resources will be evaluated assuming that each kilowatt-hour(kWh) of renewable energy generated within the state is counted as 1.25 kWh toward the renewable requirement (for all sources other than solar energy). Every 1.0 kWh of renewable energy generated from solar electric resources located within Colorado may be counted as 3.0 kWh toward the requirement. The application of these credits will serve the purpose of making Colorado resources more competitive. 5 • Amount of resource to add—When a new long-term renewable energy resource is needed, the size of resource(s) should be sufficient to meet the Colorado renewable energy standard levels for approximately three years into the future. This will help in smoothing resource planning and acquisition, given the lead time for resource development. For example, a new resource needed in 2010 would be sized sufficient to meet the Colorado standard at least through 2012. If the current Colorado renewable energy standard is replaced or modified by a new state standard or if a federal standard is implemented that supersedes the current state standard,this Renewable Energy Supply Policy may be modified. Each municipality affected by the Colorado renewable energy standard (Fort Collins in 2008 and Longmont in 2010)can choose whether to use the in-state resource credit in their retail accounting. Key assumptions related to implementation of credits follow. • Accounting for the credit is at the retail level • The credit does not increase the amount of supply—it reduces the requirement • If the credit is applied, the amount of energy resource acquired at the wholesale level is reduced • The credit only applies to those cities affected by the state standard • An individual city can only take the credit in proportion to its renewable purchase commitment • The credit would be applied to both energy and REC resources located in Colorado • Voluntary program purchases would not include any credit(they would be 1.0 for 1.0) If a Municipality chooses to include these credits in their supply requirements, Platte River will assist in resource accounting to help ensure proper amounts of renewable energy are delivered to the Municipalities. RESOURCE PLANNING IMPACTS—FIRM CAPACITY FROM RENEWABLE SOURCES Most existing renewable sources do not provide reliable capacity at the time of Platte River's system peak. Wind turbines at the Medicine Bow site have generated less than 10% of their rated output at the time of peak during six of the nine years of operation. For three of these operating years, the output was 1% or less. Therefore, no capacity from wind turbines is considered available to offset the need for new firm resources. Since RECs have no impact on system operations, they also do not reduce the need for new, firm resources. Geothermal energy is limited in this region and the availability of solar energy is typically low at the time of system peak. Studies from local photovoltaic(PV) solar sites indicate a capacity value of about 10% to 15% of rated output at time of system peak, and PV systems only produce about 20% of rated power on average. PV solar is also very expensive relative to other options. Some companies are developing solar systems based on heat collection and thermal storage, but these systems are limited in commercial availability at this time and generation costs are uncertain. Biomass and small hydro facilities may provide capacity during peak times,though small hydro generation options appear limited in the region and no biomass facilities are currently available. We will continue to monitor developments of these potential firm renewable sources over time. RENEWABLE PRICING This policy requires that pricing for renewable energy be provided through a single rate for all renewable energy purchased from Platte River by the Member Municipalities. The rate will be based on all net cost increases incurred by Platte River to acquire and deliver renewable energy (not including WAPA hydropower). SCHEDULE—TARIFF 7: RENEWABLE ENERGY SERVICE(TARIFF 7) will set 6 pricing for all renewable energy deliveries, incorporating the single rate concept. The rate for TARIFF 7 will be reviewed each year by the Platte River Board of Directors. Modifications to TARIFF 7 will reflect changes in premium costs for the combined mix of renewable sources over time. If renewable resources can provide firm capacity value to Platte River system operations, if carbon regulations are imposed and new renewable energy sources can be used to mitigate carbon costs,or if renewable sources provide other monetary benefits to Platte River(REPI,etc.), proper credit will be applied toward TARIFF 7 premiums. In order to receive service under TARIFF 7, each municipality,shall submit a`Request Letter" stating its commitment to purchase fixed amounts of renewable energy for specific term. As additional commitments are made,the Request Letter agreement(s) may be superseded over time. The Request Letter commitments need to be long-term, to reflect the long-term nature of renewable requirements. This policy proposes that Request Letters cover commitments for a term of approximately 20 years. Request Letters must also include, at a minimum, the amount of renewable energy required by the Colorado renewable energy standard (for those Municipalities affected by the state standard). Where possible, Request Letters should also include any amount of renewable energy required to meet self imposed policies or standards of the Municipalities (above amounts required by the Colorado renewable energy standard). Finally, Request Letters must indicate whether or not a Member Municipality chooses to include in-state resource credits in their retail renewable standard accounting, as allowed by the Colorado renewable energy standard, so that Platte River can adjust its deliveries to accommodate this election. Once member Municipalities request a quantity of renewable energy (via`Request Letter" agreements as described herein), Platte River management and staff will be responsible for determining the specific renewable sources and for acquiring the needed quantity, based on guidance outlined in this policy. Finally, payment will be made by Platte River to Fort Collins on the net book value of the first two wind turbines installed at Medicine Bow during 1998. Annual payments will be made through 2017. Fort Collins originally made capital payment to Platte River for these two turbines. Beginning with generation on October 1,2006, all future payments from the Renewable Energy Production Incentive program for these(and all other wind turbines owned and operated by Platte River at Medicine Bow) will be retained by Platte River. 7 Attachment 3 —DSM Program Summary RESIDENTIAL PROGRAMS Platte River Estes Fort (Common to all) Park Collins Longmont Loveland Lighting with a Twist Lighting with a Twist Lighting with a Twist Lighting with a Twist Lighting with a Twist ENERGY STAR Homes ENERGY STAR Homes ENERGY STAR Homes ENERGY STAR Homes ENERGY STAR Homes Select HVAC Thermal energy storage AC Load Management Energy Audits AC Load Management Solar PV &wind rebates Solar PV rebates Solar PV rebates ENERGY STAR Appliances ENERGY STAR Appliances A/C Tuneup LED Holiday Lighting Energy savings rebates Free weatherization Refrig/freezer recycling Zero-Interest Loans COMMERCIAL/INDUSTRIAL PROGRAMS Platte River Estes Fort (Common to all) Park Collins Longmont Loveland LIGHTENUP LIGHTENUP LIGHTENUP LIGHTENUP LIGHTENUP Electric Eff. Program Electric Eff.Program Electric Eff. Program Electric Eff. Program Electric Eff. Program Building Tune-up Retrocommissioning Retrocommissioning Retrocommissioning Retrocommissioning Energy audits Energy audits Energy audits Energy audits Energy audits Questline Keep Current PowerSource Questline Thermal energy storage ElectriConnect ALPS A/C Tuneup Integrated Design 1 Attachment 4 — DSM Program Funding 70 % 60 % 50 % 40 % ■ % of DSM 30 % funding 20 % ■ % of Muni sales 10 % d d 0 % EPLP FCU LPC LWP Actual Funding ($) $ 4 , 500 , 000 $ 4 , 000 , 000 $ 375007000 $ 370007000 $ 2 , 500 , 000 $ 270007000 ■ DSM funding $ 175007000 ■ Muni sales $ 1 , 000 , 000 $ 500 , 000 $ _ r EPLP FCU LPC LWP EPLP — Estes Park Light & Power FCU Fort Collins Utilites LPC — Longmont Power & Community LWP Loveland Water & Power Attachment 5— Platte River Environmental Policy and Principles PLATTE RIVER POWER AUTHORITY ENVIRONMENTAL POLICY AND PRINCIPLES POLICY STATEMENT Platte River provides reliable, low-cost electricity in an environmentally responsible manner to its owner communities of Estes Park, Fort Collins, Longmont and Loveland. Depending on water storage conditions, over one-quarter of the municipalities' electrical energy requirements are served from renewable resources including hydropower and wind. Platte River's other energy resources include coal and natural gas. Platte River uses state-of-the-art air quality control systems at its power generation stations and meets or exceeds all applicable environmental laws and regulations. As new legislation and regulations are proposed, Platte River participates in public processes and supports additional control requirements where costs are commensurate with measurable environmental benefits. In addition, as technology improves and opportunities arise,Platte River will be proactive in evaluating and implementing improvements in its power operations that balance environmental and other socio-economic concerns. PRINCIPLES 1) Platte River will consider environmental factors as an integral part of planning, design, construction,and operating decisions. 2) Platte River will reinforce environmental compliance through program reviews, training, and by communicating environmental values throughout the organization. 3) Platte River will encourage public participation in planning for the location of major facilities as a means of avoiding and resolving conflicts and to achieve a balance between the need for economic electric supply and environmental quality. 4) Platte River will conserve natural resources such as water,soils, grasslands, and wetland areas through efficient use and careful planning. Where needed,Platte River will restore land disturbed by its operations or construction. 5) Platte River will encourage employees to bring environmental issues forward to assure Platte River's compliance with applicable laws,rules, regulations, and permits. 6) Platte River will strive to reduce environmental health and safety risks to its employees and the communities in which it operates by (i) maintaining safe and healthful working conditions, (ii) the design and operation of its facilities, and (iii) being prepared for emergencies. 7) Platte River will manage the disposal of waste material in an environmentally responsible manner, will recycle the materials it uses whenever possible, and will use 1 recycled materials where appropriate. 8) Platte River will work with its customers to support cost-effective programs to conserve energy. 9) Platte River will coordinate its generation and transmission planning with neighboring utilities to minimize over building or under utilization. 10) Platte River will consider environmentally progressive technologies such as wind, solar power, or other renewable technologies to meet its future generation needs. 2 Attachment 6 — Emission Performance for Rawhide and Craig Units S02 Emission Performance — Near lowest in the U. S. 5 . 00 m 4 . 00 0 - Jgp 3 . 00 a� Rawhide 0. 078 N 2 . 00 O U) Average 1 . 084 1 . 00 0 . 00 NOx Emission Performance — Near lowest in the U. S. 1.2 i.i 1.0 m 0.9 c O 0.8 E Rawhide 07 0. 161 0.6 X 0.s O z 0.4 Average 0 . 340 0.3 01 01 0.0 Attachment 7 — Platte River Climate Action Plan (Executive Summary) EXECUTIVE SUMMARY Platte River Power Authority (Platte River) generates and delivers reliable, affordable, and environmentally responsible electricity to the communities of Estes Park, Fort Collins, Longmont, and Loveland, Colorado, where this electricity is distributed by each local municipal utility to community residents and businesses. In 2007, the Governor of the State of Colorado issued the Colorado Climate Action Plan, which included a goal of reducing statewide greenhouse gas emissions to 20 percent below 2005 levels by 2020 and 80 percent below 2005 levels by 2050. To meet the 2020 goal, Platte River would need to reduce carbon dioxide emissions by approximately 700,000 metric tons. The Governor' s Energy Office asked the state ' s electric utilities to voluntarily develop plans to meet these non- binding targets using approaches specific to each utility' s unique circumstances. This plan is not prescriptive, but rather lays out a set of options that Platte River can adopt to meet the 2020 target and prepare for emerging federal or regional regulations . Platte River' s Board of Directors will make policy and budget decisions associated with any future implementation of options. Climate change is one of the profound challenges of our time. Scientific evidence suggests that rising greenhouse gas concentrations in the atmosphere could have severe consequences for our state, our nation, and our world. Platte River as a provider of electric energy, a vital public good, must balance competing interests of affordability, reliability, and environmental stewardship in a fair, open, and judicious manner. Platte River welcomes the opportunity to take part in this important discussion to establish a rational roadmap forward to a sustainable energy future. About Platte Rimer Platte River has been providing power to its owner municipalities for over 35 years. Platte River' s generating resources include a mix of coal, natural gas, wind, and hydropower. This diversity of generation resources provides operational flexibility and enhanced reliability. Platte River takes pride in its approach to operation and management of its electricity generation plants, and has been recognized by electric industry experts for those efforts. In October 2008, POWER Magazine recognized the Platte River Rawhide Energy Station for the advanced technologies and operations improvements implemented over the last decade. Rawhide Unit 1 has an outstanding record of operating well below environmental permit requirements, and has one of the lowest sulfur dioxide emission rates of coal plants in the United States. Platte River also operates five gas-fired combustion turbines units at the Rawhide site and has an 18 percent ownership in two coal units located near the town of Craig, Colorado. 1 Platte River' s renewable energy policy established a portfolio goal of over 300,000 megawatt hours per year from renewable sources by 2020. This level is above the current Colorado Renewable Energy Standard, driven by policies in the owner municipalities. In 1998 , Platte River was the first utility in the region to provide wind power to its customers. Current wind supplies include the Medicine Bow Wind Project, purchases from Clipper Windpower, Inc . , and purchases of renewable energy certificates. Later this year, a new wind project will be added at the Silver Sage Wind Project site near Cheyenne, Wyoming. To address continuing growth in the demand for energy and to provide enhanced services to customers of the owner municipalities, Platte River has provided energy efficiency services and demand side management (DSM) programs since the early 1990 ' s. Investment in DSM since 2002 has exceeded $5 million and over $2 million is budgeted for DSM in 2009 . This amount supplements the DSM expenditures of the owner municipalities . Meeting the Governor 's Goals Using a portfolio of strategies Platte River can achieve the goal of reducing 20 percent below 2005 carbon dioxide emissions by 2020. Platte River engaged KEMA, Inc . , an independent global energy consultant, to assist with the development of this plan. Platte River and KEMA brainstormed potential measures to achieve necessary emissions targets. The Table below provides some of the potential options Platte River considered to meet the governor' s goals. Potential Measures to meet the 2020 Additional Measures to meet the 2050 Target (Quantitative Study) Target (Qualitative Study) • Reduce Reserve Sales of Electricity • Plant optimization measures such as coal drying • Aggressive Demand Side Management • Smart grid, demand response, and (DSM) Programs other advanced DSM programs • Distributed Photovoltaics (PV) • Utility Scale PV Arrays • Combined-Cycle Natural Gas Base • Developing and New Technologies for Load Generation Coal Generation • Concentrated Solar Power • Biomass Co-firing • Increased Wind Generation • Greenhouse Gas Offsets To meet the 2020 target, an analysis was performed to determine the amount of carbon dioxide emissions that could be saved by each of the measures identified. The following chart shows the emissions reduction potential for each analyzed measure : 2 4,000,000 31494,522 315,020 3,500,000 358 .449 (n 31000,000 C ❑ 134 , 927 2,796,530 736 , 382 O • L 2,500,000 4 . U) E M 123 , 913 `-' 21000,000 L 12,961 0) fA • U 0 C: • (0 O 13500,000 i • ~ E • � (6 OO L U) CDW 1 , 000 , 000 W U Q • N O • • 698,904 U NO500,000 0 0 � U 0 The chart demonstrates that Platte River can achieve the 2020 emissions target with a combination of the evaluated measures. Achieving the 2050 target will involve additional measures. Carbon dioxide mitigation potential and costs for each measure were estimated compared to a business-as-usual scenario to determine the relative cost-effectiveness for each measure. Costs reflect Platte River' s costs (for example, new technology capital costs, operations and maintenance costs, program costs, lost revenues) and benefits (reduced fuel costs). There may be costs or benefits that fall outside our analysis. For example, participants in energy efficiency and distributed photovoltaic programs will have both costs and savings related to the measures installed. The most cost-effective measures include reduction of surplus reserve energy sales, aggressive demand side management (accounting for up to a one percent reduction of energy demand per year), and increasing wind generation. The emissions reduction supply curve in the following figure graphically demonstrates which measures are least costly to meet the 2020 target. The vertical dotted line represents the desired emissions reduction by 2020. Implementing these measures will result in estimated additional expenditures of approximately $31 million per year between now and 2020. Platte River 3 financial staff estimates this will result in a wholesale rate increase of approximately 16 percent above base case rate projections. 300 2020 Financial Impact : 250 $ 31 million/yr 1 Distributed PV O A L) 200 Average Cost of 700,000 m 150 Abatement = Goal $40/metric ton Q E 100 1 a' 50 - - - - - Reserve Sales Reduction 0 300,000 6007000 I 900,000 112009000 19500,000 -50 Metric Tons GHG Abated ❑ Reserve Sale Reduction ■ Demand Side Management ■ Wind ❑ Combined Cycle ■ Concentrated Solar ■ Distributed PV Additional carbon dioxide reduction strategies could be pursued, but at much higher costs. Such strategies could include transition to more natural gas generation and expanded renewable generation, including concentrated central station solar generation or distributed solar photovoltaic generation. It is unclear at this time how Platte River could meet the 2050 target of an 80 percent reduction below 2005 levels. New technologies would likely be needed, along with expansion of the more expensive existing technologies evaluated in this study. The evaluation conducted for this Climate Action Plan shows that Platte River can achieve the 2020 target, but it will be costly. This plan is a living document that will be updated periodically as technology and regulations evolve. In the meantime, Platte River will continue to provide leadership in serving its customers with reliable, affordable, and environmentally responsible energy. 4 Attachment 8- Preliminary Study of Gas vs. Coal Generation Draft White Paper Resource Options Platte River Power Authority April 2010 Introduction At the February Board of Directors' meeting, a suggestion was made that Platte River staff develop a white paper addressing additional CO2'mitigation options for existing generation resources, based on commercially available technologies. There was interest in considering possible accelerated CO2 reductiortimeline:scenarios and estimating the associated increased costs for such options. The intent of`this,white paper is to provide information regarding options for reducingyCO2 emissionsibeyond the goal considered in Platte River's Climate Action Plan Review of Climate Action Plan The June 2009 CAP was in response tb-Governor,.Ritter's goal of reducing statewide greenhouse gas (GHG) emissions to,20 pereent,below'2005,levels by 2020 and 80 percent below 2005 levels by 2050. A consultant was hired to assist in the CAP development (KEMA, Inc.). Nine,,public.`events were'conducted.to shar'eithe draft plan with citizen advisory groups, large customers (key. accounts) and._,the general public. Once completed, the finaf'CAP document was sent to the Governor's Energy Office, distributed to interested parties.and is currently available in electronic format on Platte S River's web site or-in hard copy upon request ,'-\ Based-odthe 2009 CAP study effort, a 20%-reduction by 2020 appears possible. The three lowest,:cost option,for,meeting,this reduction include: (1) reduced reserve surplus sales, (2) increased energy:;efficiency,;programs for retail customers, and (3) additional central station wind generation. Each of these options could reduce coal generation levels, directly reduce emissions' from Platte River resources, decrease surplus sales and increase wholesale •rates. Reductions in coal generation were assumed to take place at Craig. These three measuresJwere estimated to reduce total emissions by about 23%, with an estimated wholesale rate increase of about 16%by 2020. This increase would be in addition to rate increases required for the base case planning scenario. Since the 2009 CAP was completed, Platte River continues to track legislative and regulatory efforts associated with carbon policy and has developed estimates of potential costs for various federal legislative proposals. _Based on work by APPA, LPPC, CAMU and other groups, it appears that federal cap and trade legislation could increase wholesale costs by as much as 70% by 2020, depending on the amount of CO2 emission allowances allocated to electric generators and associated allowance prices. In 1 addition, Platte River has contributed to an effort by the Governor's Energy Office to develop a summary report on policy issues for electric generators throughout Colorado. Energy efficiency efforts also continue, with program savings well ahead of estimates made in Platte River's 2007 Integrated Resource Plan (a five-year plan for 2007 through 2011). Additional wind generation was added in late 2009, at the Silver Sage Wind Project west of Cheyenne, Wyoming. Finally, a preliminary evaluation of reserve sale changes has been completed, which indicates that a portion of reserve energy sales reductions may need to come from Rawhide (vs. all reductions occurring at Craig). This has only a minor effect on the overall results. ,tea Additional GHG Mitigation Options- Gas to replace'Coal For this white paper, Platte River staff evaluated4hree options for reducing or replacing coal generation with natural gas-fired generafion sources` The options considered are \. described briefly below. • Take no supply from the Craig Units - Platte River could shut down-its portion of Craig Units 1 and 2. Capacity could be replaced by:converririg,gas units at Rawhide to run in �y. p. combined cycle mode (gas turbine with added steam-tirbine). Under;#his scenario, all generation lost from Craig units;could-be replaced with•riatural gas generation at Rawhide.. • Co firing of natural gas in Rawhide coal>tmit - Dilririg' 2008, Platte River conducted a preliminary study of burning natural, gas,with-_coal ("co,firing") at Rawhide. Co-firing could occur at variousaevels or a complete replacement of co614ith natural gas at Rawhide could be implemented For simplicity,we considered 100%q firing with natural gas. • Replace all coal generation with natural gas,='This scenario would involve firing Rawhide with natural gas (no,coal), shutti;ng down Platte River's portion of Craig and replacing lost capacity by,converting gas,umts at•Rawhidee to,run in combined cycle mode (new steam turbines fed'by�heat.recoveryboilers wouldaproviae replacement capacity). Evaluations of these options were, conducted at a preliminary level of detail. A summary•of estimated costs;,_CO2 savings and rate impacts is provided below. Values shown for annual cost increases, CO2-reductions, unit CO2 cost, wholesale rate impact and reduction'ws. 2005 are afl:for individual measures. The last column shows total -,,. � -t -CO2 reductions ificluding,the base case measures included in the CAP. �-`Annual Annual Total Cost CO2 CO2 Wholesale CO2 CO2 Increase Reduced Cost Rate Reduced Reduced Description ($/yr) (Mtons) ($/Mton) Impact (vs.2005) (vs.2005) Base Case measures 31,000,000 821,358 38 16% 23% 23% No Supply from Craig 89,000,000 288,000 309 44% 8% 31% Rawhide 100%gas-fired 221,000,000 886,000 249 108% 25% 48% Replace all coal with gas 287,000,000 1,182,000 243 140% 34% 57% As indicated in the table, all of the options for replacing coal with natural gas have a high cost, both in total and per unit of CO2 reduced. Wholesale rate increases required 2 to implement these options are also substantial, up to as much as 140% for a complete replacement of coal generation with gas. Reductions in total CO2 emissions could reach approximately 57% if all coal were replaced with natural gas. A rough estimate of retail cost increases for various customer groups is summarized in the table below, assuming a complete conversion from coal to natural gas. Retail rate impacts are assumed to be about 120%, slightly less than the wholesale estimate of 140%. After'," ..``•Qpprox. Approx. Current Increase"1Increase Increase ($/month) ($%month) ($)>,_ M Residential 55 120 65,''., 120% Small Commercial 170 '`,: "V 370 200' l4:::120% Large Commercial 3,000 6,700 3,700 ',120% Industrial 94,000 210,000'/,1-16,000 120%. y a .^kri h.,t Key Considerations for Natural Gas,Options A summary of the key factors associated with usi ig,coal aria,natural gas as generation fuel is provided m the table�below (prelnminary,2020,estimates). Characteristic ., "` , _>' ,Coal Natural Gas Cost per unit of energy r`oduced , $19-24/MWh $62-125/MWh Price volatili_ , Low High Long term availability of'fuel su pl a > _ ,100+ ears Uncertain Plant' eiieration efficieric` :'',, ! 34% 25%to—50% GHG emissions associated with geneiation., —2,000 lb/MWh 40%to 70%of coal Carbon se tiiestration potential Uncertain Uncertain Criteria otlt t"fs,(S02,NOx,PM;'mercu� Higher Lower or none Provides surplus`6n6rgy sales potential Yes No Reliability of o erahon;, ;`; Highest High -Flexibility to balance interinittene'resources Low Moderate The primary factors iri considering replacing coal generation with gas are the significantly higher cost of gas generation (and associated rate increases), high volatility of gas prices, the relative uncertainty of natural gas fuel supply and the significantly lower CO2 emission"rates of natural gas vs. coal generation. Reliability of operation for gas vs. coal is also a key factor to consider. As indicated earlier, the estimates provided in this paper are preliminary. Some key assumptions and other factors associated with the information provided herein are summarized below. 3 • Cost estimates for equipment modification are +/-30% • Estimates for all options are based on implementation by 2020 • Modifications to the existing natural gas pipeline would be needed for some options (at additional cost not included in the estimates provided) • Lost surplus sales associated with reducing coal are not included (much smaller by 2020) • No revenue for potential sale of Craig generation or transmission assets is included • Minimum operating requirements at Craig were neglected in the estimates • Operations and maintenance changes are not included • No reduction in reliability is included for gas vs. coal units - a thorough evaluation of outage risk and associated reserve capacity would be required for these options • No CO2 costs from potential legislation/regulation are included in the analysis Other Measures -77 In addition to the options for replacement,of coal generation,,with gas as presented above, other potential measure have been reviewed on a`;Very preliminary basis, including those described below. X. • Biomass -Biomass involves taking waste, wood or other plant materials and burning it for electricity generation. This can be,done as a co,fining;-option in existing coal generation facilities, or in new stand-alone generation units. iVlap" issues would need to be addressed to consider biomass—including cost ofJ.iel,_,reliabill y of•,fuel supply over the long term, emission impacts, permitting (for co=firin _Yand'.capital cost:•Biomass technology continues to evolve, and there,may be opportunities for usin biomass•by`•2020. • Concentrating Solar;Power'-`.this option could be considered in the future as a replacement to the wind generation option.(in. cluded`in"the CAP) if costs continue to drop. Currently, CSP is more expensive.than wind, even considering the fact that it can provide firm supply for some' periods during'the year =: f "\ / • Distributed Photovoltaic Solar - Currently this* technology is also more expensive than wind-,':and does not'provide`finm,capacity.Costs may come down enough to make this an option for the future. • Distributed'Combined Heat and Pow r - This technology involves generating both usable heat and electricity from the same fuel (typically natural gas) at commercial, industrial and institutional facilities. Biogas from wastewater treatment plants or other sources may also be considered. Some•poteritW'sites exist within the Municipalities' service territories. • Purchase of Allowances;or•Carbon Offsets-Depending on price,it may be less expensive to purchase CO2 allowances (assuming a Cap and Trade emission control program). Offsets may also be purchased to support local or regional projects such as landfill gas collection, dairy and feedlot methane reductions, wastewater facility modifications and changes to agricultural practices (tillage methods,etc.). Platte River continues monitoring these technologies as they evolve over time. The options considered in the CAP (reserve energy sale reduction, energy efficiency programs for retail customers and increased wind) all appear more cost effective at this time relative to coal/gas conversion or the other measures listed above. Any further 4 studies of GHG emission reductions or implementation of measures would be based on direction from the Platte River Board of Directors. l ' / Il� �Y •�.0`v`l. Y 3 1 =� F 5 PLATTE RIVER POWER AUTHORITY Fort Collins City Council Work Session - Videotaping May11 , 2010 outline ► Introduction ► System & Supply Resources Overview ► Renewable Energy ► Demand Side Management & Energy Efficiency ► Environmental Performance ► Climate Action Plan Future 2 Introduction Background 3 Management Structure Board of Directors Estes Park Fort Collins Longmont Loveland Mayor Bill Pinkham Mayor Doug Hutchinson Mayor Bryan Baum Mayor Cecil Gutierrez Mr. Rueben Bergsten Mr. Brian Janonis Mr. Tom Roiniotis Mr. Ralph Mullinix General Counsel General Manager Corporate Financial Electric Customer & Power Services Services Operations Environmental Production Services Local Utility Partnership j � � Residential � I y Small Business � Generation I Transmission Distribution EEEEEBEEEBII ' I � uu E3EEE9 B3I . - - - - - - - - - - - - - � � Key i Platte River Power Authority Estes Park �� Accounts, • Sole Supplier Fort Collins � � . � • Joint Ownership / Equity Longmont Customers • Local Governance Loveland 5 Platte River Mission Reliability Environmental Quality Competitive Price 6 Wholesale Rates $ / M4Yh S50 S45 1 1 rates 22% higher than 1983 1average S35 Platte River Tri-State ARPA Xcel - S25 - - - - - - - - y- en ep � a0 cp cp aQ ap ar of of of rn rn rn rn a1 a1 Q O O O � O O O O O ae m m m m rn rn rn a a a m m m m m m o 0 0 0 0 0 0 0 0 0 0 Wholesale Rate Comparison 8.4Q 6.5t 4.2t Platte River System & Resources RAWHIDE CRISP ENERGY STATION HYDROPOWER MEDICINE BOW WINO PROJECT PLATTE RIVER POWER AUTHORITY CRAM ENERGY DELIVERY SYSTEM STATION + Silver Sage • Dual delivery - reliability LA PORTE • WECC / NERC compliance RICHARD • Joint facility ownership LAKE • Regional utility LIND TIMBERLINE AULT D IXON LAP CREEK DRAKE HYDROPOWER HARMONY CROSSROADS t R ESHOE t AIRPORT ESTES PARK LOVE ND EST ESTES VA LEY AST FLATIRON BOYD ® DERBY MARYS HILL LAKE LONGS PEAK LONGMON, MEADOW FORT HARVARD ST. VRAIN LEGEND IN / PLATTE RIVER SUBSTATIONS ROGERS rl� 8 CITY SUBSTATIONS ROAD= = lTl/ Q OTHER SUBSTATIONS TERRY COUNTY LINE (NOT TO SCALE) --- UNDERGROUND TRANSMISSION FORDHAM 5 Platte River Resources ^¢` SO Emissions - U . S. Coal Plants a- � -� NOx Emissions - U .S. Coal Plants .l Rawhide Energy Station — Coal — Combined rating of 434 MW �• 'T Very low regulated emissions Rawhide & Craig Rawhide Craig supply Craig Station - Coal Significant COZ emissions Platte River Resources ` • 0 Rawhide Combustion Turbines — Natural ■ Five separate units �S MW total (summer) ■ Low operating time - reserve generation ■ High cost fuel - volatile pricing ■ Lower CO2 emissions , 2 Platte bles r ProjectMedicine Wind f Silver Sage Wind Project I _ Hydropower ( Multiple Sites) q 13 • • WIN . , m m m About 26% Renewable Wind Sources (, ti °, Hvdro Rawhide 19.440 36.7% l.(ts Craig 36.5% 1'u rchases 0.4 o 7 Platte River Revenues - 2009 6% �` - Munlclpal 23 % Sales Su rplus Sales 71 % to Qthers Other Income 15 Resource Use Characteristics 11 Municipal loads (with reserves : . 11 11 MW 400 Surplus Sales 1� 11 11 11 1 m Coal & Hydro m Gas Peaking 16 Generation - Past & Future 300 250 Renewables new coa/ in current resource p & low use gas units (with DS ................................................. ............................................................................................................... zaa o Hydro MW 15a Coal 100 Gas 5a - .... .. .- Wind a 1`' ��` �1 0,'' oig o`' ti1 11 1� 1� 1� 1� 1� O ti4 ti� `�.. 1 .. a .-. Renewable Sources ( Non - Hydro) 18 History — Platte River wind Program 1998 2001-03 2003-04 2003-07 1996-97 Med Bow Site • Component Failures • Less REPI Funds Renewable 1993-94 RFP for • Ownership • Warran Extensions Energy New � • Ancillary Service policy Joint pro'ects • Transmission • Transmission Limits Charges Added Expansion Customer t • Land Lease • Reduced federal $ • Transmission Cost Surveys • Site Maint. Increases I • Operations I I Voiunfa� Policy / CO Standa��• 1994-95 1998 1999 2000 2002-03 2004 2005-06 2007-08 5 MW at Phase I Phase II Phase III Wind FC Clipper RFP for Foote Creek Med Bow Med Bow Med Bow Power Decision Turbine New Wyoming 2 Turbines 5 Turbines 2 Turbines Purchase To Add 2.5 MW Wind (All 4 Cities) 1 .2 MW 3.3 MW 1 .3 MW Agreements RECs ppA Plant (Fort Collins) (All Cities) (All Cities) Short Term '10 MW +More RECs +Tri-State 5-10 MW All Cities 4 yR r Ji , Wind Plant Sites �' Medicine : . Wind Projec r � o30 o . . : to 2005 s� m . $MBIOAd � •p 1 ` f- w f / 4 r BO M. iijr�, � r- • ;Laranve & Oct 2009 �'Y T ♦"� AS 0 Y� ly J L1 85 No, Jd p 1287 TOO � 30 •, 1 - - �I � '� + � .,.'(.' • 44 � .mot. : ' '� 10 • Lr • { _- � ••fit _ r cr 5 . • j F t. ►1,... 4161 Renewable Supply Portfolio 40 - Premium 30 20 10 0 RECs Net Plant I 2010 • cents per kWh) 22 11 Renewable Supply Portfolio REC Portion Planned 0 In 0 ' Renewable i Supply Portfolio i 23 12 1 Renewable Supply Policy Forecast of municipal requirements : ✓ State RPS + Voluntary purchases Definition of qualified sources : ✓ Type - wind , solar, biomass , geothermal , new hydro ✓ Location - Colorado , contiguous states or WECC ✓ Age - Commissioned in 1997 or later ✓ Certification / Registry = Green -e / WREGIS Acquisition guidelines : ✓ Build new plant to Colorado RPS (ownership or PPA) ✓ Three year planning horizon Pricing : ✓ Single premium rate (Tariff 7) ✓ Municipalities commit to specific amounts ( long -term) ✓ Annual review of Tariff 7 by Board of Directors �� 24 Renewable Portfolio Standard Colorado specific Based on voter initiative "Amendment 37 " • Updated multiple times • Applies to Retail Utilities ( Municipalities ) • Current requirements : ✓ Investor Owned Utilities - 30% by 2020 ✓ Rural Electric Utilities - 10% by 2020 (all REA utilities) ✓ Municipal Utilities - 10% by 2020 (40 , 000 customers or more) Municipalities all purchase more than required • Platte River role : ✓ Provide supply to meet individual Municipality needs ✓ Execute acquisitions via Board approved Policy 25 Wind Output at Time of Peak 100% 90% Wind does not provide reliable output at system 80% peak, so does not delay the need for new capacity 70% Solar also intermittent - 60% Potential for firming via 50% 45 .6% storage 4 T . 8% 40% 30% 2 T .6% 15 .2% 20% T 2 .2% 10% 7. 3% 5 .2% 7. 1 % T . 3% 0 .2% 0.0% 0 .0% 0% 1 26 .\ it Illli nd Project Price Trends . , Bids . , 12% annual increase . . . . . 0 '10 1 ■ 20 1 ■ ■ ■ ■ ■ 1 ■ ■ ■ ■ ■ NREL 0 ' ■ ■ ■ ■ ■ z� 14 Energy Efficiency & Demand Side Management � 4w za DSM Program Drivers Environmental benefits : • Reduced fuel use (& reduced fuel price risk) • Reduced regulated emissions Potential to delay new generation and transmission Low cost Greenhouse Gas mitigation option Customer interest / expectations : Survey results Xcel program expansion Tri - State / Rural Electric Coops starting programs State / federal program support increases zs DSM Program Drivers ► Customer / community service : • Participating customers save money - as rates are increasing • Better comfort / equipment reliability • Improved productivity / sales ► Supports local investment / economy : o Sales of energy- efficient products and services Leverage ratio of roughly 2 . 5 to 1 . 0 � $ 7 million DSM incentives 4 � $ 18 million in local business W4 30 DSM vs . Other Options $ 250 S2QQ Cost S 15Q per MWh $ 1 QQ $ 50 $ Q 31 DSM Planning Fundamentals IRPs provide long - term guidance Platte River provides " Common Programs " Utilize IRP Selection Criteria for program planning Selected programs offered in all Owner Cities Joint implementation & coordination City - by- city decisions on additional programs ► Annual funding via budget process ► Board direction / adjustments over time 32 1 11 • DSM Programs Residential Platte River Estes Pazk Fort Collins Lon ont Loveland Lighting with a Twist Lighting with a Tcvist Lighting with a heist Lighting with a Trvist Lighting with a heist E\ERGY STAR Homes ENERGY STAR Homes E\ORGY SCAR Homes E\ORGY STAR Homes E\ERGY STAR Homes Thermal energy storage AC Load Management Energy Audits AC Load Management Solar PV & wind rebates Solar PV rebates Solar PV rebates ENERGY STAR Appliances ENERGY STAR Appliances A/C Tuneup LED Holiday Lighting Energy savings rebates Free weatherization Refrig/keener recycling Zero-Interest Loans Platte River Estes Park Fort Collins Longmont Loveland LIGHTENUP LIGHTS\UP LIGHTE\UP LIGHTS\UP LIGHTS\UP Electric Eff. Program Electric Eff. Program Electric Eff. Program Electric Eff. Program Electric Eff. Program Retrocommissioning Retrocommissioning Retrocommissionmg Retrocommissioning Retrocommissioning Energy audits Energy audits Energy audits Energy audits Energy audits Questline Keep Current PowerSource Quesdine Thermal energy storage ElectriConnect ALPS A/C Tuneup Integrated Design Program - 2002 • 2009 1 000 Medicine Bow + 1 111 Actual Silver Sage: 61 ,000 1 Common Programs (All Cities) $ 2 ,000 ,000 Program C • Cumulative 00 000 Peak Savings: 111 Ii1 00 000 Cumulative — 1 34 17 Common Program Funding 70% Fort Collins 60% — • Received -60% of funds E uit at -48% 50% 40% Average 2002 -2009 30% Equity 20% 10% — 0% EPLP FCU LPC LWP RV� 1 36 Total Funding - 2010 by Entity 4,000,000 395009000 Total Investment 390009000 $6,600,000/yr 2 , 500,000 2 ,000,000 125002000 190009000 5009000 Estes Park Fort Collins Longmont Loveland Platte River R 36 DS M relative to system loads 3rW 1.8% 3, = 2.5W z= - 15 With DSM Without DSM 1,OOD — 4.6% 5W 1 All Programs Results to Date: Peak Energy Peak reduction = 4.6% (MW) (G'Wh) Energy reduction = 1.8% (All Programs) ® ( 37 Efficiency Goals & Forecast 2.0% 1.8% 1.6% — Annual 1A% — savings 1.2% — & 1.0% _ Average Growth annual values 0.8% — to 2020 0.6% — OA% — 0.2% — 0.0% Current KEMA Fort Collins System Common Estimate Goal Lead Programs (CAP) Forecast 38 Benefits of Fort Collins DSM Main benefits go to Fort Collins customers : Physical improvements to homes & businesses Improved comfort Lower electric bills More activity => more Common Program funds : 60% of Platte River ' s funds went to Fort Collins 48% equity based share Net benefit to Fort Collins (to date) ► At system level - costs roughly match benefits : Little financial benefit to other Municipalities from activities at a particular Municipality 39 Joint DSM Planning Team Municipal & Platte River DSM staff Ongoing DSM program review & planning : Current programs & potential new ones Evaluate options for improved joint efforts Regional coordination - Xcel , PVREA, GEO , others Seek best practices for our unique situation Update Board of Directors , management and staff Budget coordination for 2011 + 40 1 Environmental Performance 41 Platte River Environmental Activities 2004 1998 2000 1998 Solar 2002 Clipper 2004 2005 Medicine emissOiz2 System I)SM wind Craig Rawhide 2007-08 2008 Bow Wind reporting upgrade program turbine efficiency new control Small wto Plant started & EV's funding contract improvements system hydro ams started started studies pro gr expanded I I I Over $60 Mi//ion /nvI sted I In Environmental Projects �• Since 7998 I I I I I I 1998 1999 2000 2003 2005 2005 20N 2008 Rawhide Wind Wind Climate Climate Rawhide Rawhide Rawhide efficiency Plant Plant Policy Action low NOX efficiency additional improvements expansion Planning registry burners improvements efficiency expansion team started improvements 42 Platte River Performance P/atte River PowerAuthority is the on/y e%ctric powORr supp/ier in the state of Colorado to maintain 100°° environmental comp/lance in a// operations since inception ➢ Early Response ➢ Environmental Management System (EMS) ➢ Detailed Operating Plans ➢ Employee Empowerment ➢ Internal Assessments (Audits) ➢ Continuous Training ➢ Monitoring / Database Management / GI S ➢ Environmental Policy Environmental Policy ... Use state-of--the-art air quality control systems at power generation stations; Meet or exceed all applicable environmental laws and regulations; ... Participate in public process; ... Support additional emission controls were costs are commensurate with measurable benefits; ... Be proactive in evaluating and implementing improvements Eli at balance environmental and socio-economic concerns. 44 22 Environmental Controls S02 Removal "Scrubber" removes gases ��F�� produced as coal is burned !, . . . , Platte River voluntarily removes more SOz than required Low Sulfur requirement included in coal contract Rawhide is one of the lowest emission coal plants in the United States Slurry Line Feed Fixed Mane irrto Atomizer Dispersion Rin RotaTy Atomizer Slurry I Spray To Fabric Fifter So ids as Environrental ControHIM: 9d1w ls f Ed Aiiiiiiiiiii� 12 OT Reduction — — New burners & controls OndIMAIr AI Oc FM Minimize overheating of —1 air during combustion NOx reduced � 50% (;� Among lowest emitters rAirsombbw in United States �= (mainly NICI ll . 23 46 Environmental Controls t Particulate Removal " Baghouse" removes � f 99 . 95% of articulates Dampers Gas Outi InducedDraft III Very low "opacity" and 1 , Fanparticulate matter I� t 4 .,s • .I /I � emission levels :orn " It ' s hard to tell the Tube Sheet Compartment 2 plant is running " Ga.- Indet a� Mercury Measurement � Control Activated Carbon ClltanlW A* Injection Measurement Scrubber : . . . Alt Houle, Dfaw OfVcr From as 24 Mercury Removal Summary 1 990 ' s - Began early testing & training Platte River joined astate -wide coalition in 2006 All members endorsed a state rule in 2007 Installed measurement equipment in 2007 - nearly two years ahead of required date ► Emission levels about half of earlier estimates ► Installation of removal equipment began in 2009 , over two years earlier than required Testing of removal equipment will begin in 2010 , well ahead of 2012 requirement ► Significant reductions by 2012 + more by 2018 49 � t � m � ss � o � s Qerfor �nnan � e olorado Coal Plant Emissions , , MIN • IIIIIIIIII 0 . 0 0 , Efficiency Improvements Turbine Upgrades: High / IntermediatePressure upgrade in 2008 HigherLow Pressure upgrade in 2005 power better efficiency - or lower emissions j_ Other • • • • Efficiency Motor - �r • - EfficientChiller Heat Rate Program 51 RAWHIDE ENERGY STATI ON 4 Rawhide Water Recycling Reuse t -- -INCH WATER PIPELINE �� - - r --� - r {l , DRAKE WATER RECLAMATION FACILITY 26 Fly Ash Management & Re - use Fly ash — on -site reclamation . Compacted , contoured to match the surrounding topography, covered with top soil and seeded with native _ p lants Fly ash re-use also promoted Sales of ash for block manufacturing , landscaping structures & soil stabilization , 1 • About 17% of ash sold in 2009 53 CLIMATE ACTION PLAN KEMA 103 - . , ONO 7� /; http://www. prpa .org/environment/i/capoune200-9 . pdf ss / • 4 ti�-+ 4�! +j•�-rX�a'lr'.'��.t'!�'-_ . . �a jai ��. �w:t�=�•- � "t it - I►� 1 P COLORADO CLI A ON FLAN A STRATEGY TO ADDRESS GLOBAL WARMING GoVERNORBILLRiiTFR , November 00 56 Carbon Policy Intergovernmental Panel on Climate Change ( IPCC) ACV "The /PCC has unequivocally Tree Cutting Other affirmed the warming of our climate system, and /inked it direct/y to human activity" IPCC Synthesis Report (November 2007) 800 authors / 2 , 500 reviewers / 130 countries Key driver of policy development s� Global GHG Sources Fossil - : Burning 400 Combustion Nitrous Oxide Carbon Dioxide 5700 Methane 1400 Agriculture : Waste Man Made Sources iPcc zoos 29 m one • ' i+,000 s,0(X) 4,000 —Urdtrvi Stares Tied to Economies - —C S Araerxa —Ahxa ((() —XhII a East � —Fom+er t.SSR —lapaa 10000 will 0 • • IIIIh COlOradO Industrial Fossil Fuel process Transport Industrial Industry 2%u Waste 26'/ Process (CH4) 2% 5% 9% Agriculture Res/Com Waste Transport 9% Fuel Use 4%, 23%, 9% Agric. 7% Industrial ReI m / Electricity Fuel Use - " Fuel Use ( 370/c 14% 100 Industras = Fossil Fuel - _- Fuel Use Ind (CKI 6ectriclry 9% 3% 33% 30 Greenhouse Gas Inventory ■ CA Climate Action Registry — 1 st utility outside CA ■ The Climate Registry (TCR ) — Founding Reporter ■ Why join — early? ✓ Common means for reporting , tracking , verifying GHG ✓ Document early actions to voluntarily reduce emissions ✓ Gain access to software and technical assistance ✓ Participate in planning discussions State of Colorado ■ Goals : ✓ 20 % GHG reduction from 2005 by 2020 ✓ 80 % GHG reduction by 2050 ■ Key Sectors : ✓ Agriculture ✓ Transportation ✓ Solid waste ✓ Utilities ■ Electric Energy Supply Sector Guidance : ✓ Reliable and sustainable supply ✓ Options : o Energy efficiency & Renewable energy o Clean coal o Offsets ✓ Voluntary — unique to each utility ;\ 62 11�\ Project Timeline "� Dec '08 � Mar — A ril Board • Identify Options � May 74t^ to May 27 �t Resolution • Modeling ' public Information June 7 To • Cost / Benefit ' Citizen Boards • plan to Governor (GEO) 500,000 1, 000,000 500,000 Governor's • Rate Impacts ' Key Account • Executive Summary Customers Energy Office • Operations impacts . Open Houses Jan — Feb '09 � May 8t^ `� May 28tn Current Work • Communications • Consulting RFP • Board Retreat • Board Meeting • Monitoring legislation • Selected KEMA • Draft Plan presentation • Final Draft Plan • GEO summary • Scope / Budget • Board Direction • Review / Approval . Ongoing studies • Project Teams C � z Emissions Trends —�oo,000 metric tons Governor's Metric GOaI Tons Key Variables: cot2.000,000 2005 Level Plant outages Surplus sales market Hydropower availability 1,000,000 Efficiency improvements �100.00: I I— Generation fuel mix CO2 measurement 32 sa CO2 Mitigation Options - Demand side ■ Increase energy efficiency : ➢ Roughly 1 % savings per year (year after year) ➢ Total energy use reduction of about 9% by 2020 ➢ Aggressive — high level of coordination needed ( KEMA) ■ Distributed PV solar : ➢ Location on homes and businesses ➢ Costs based on providing customer rebates ➢ Program details as estimated by KEMA ■ Reduce a portion of surplus sales 65 CO2 Mitigation Options - Supply Side ■ Central station wind : ➢ 30 MW of new wind plant by 2020 (50 MW total ) ➢ About 5% of total generation ➢ Balancing / regulation challenges above this level ➢ Costs based on KEMA studies ■ Central station solar: ➢ 50 MW of concentrating thermal solar ➢ Costs based on KEMA studies ■ Convert simple cycle gas to combined cycle : ➢ Reduce Craig coal generation ➢ Could be used to balance wind Purchase Offsets: ➢ Costs based on KEMA studies ➢ Uncertain rules ➢ Limited markets ➢ Worth considering R 66 s I\ Res U Its — Cost vs . Tons Reduced ' Distributed PV 0 OptionsLowest Cost N To Meet Goal U U 0 0 N U Reserve Combined Cycle Sales Natural Gas Reduction •L KEAAA� • • - • - • 67 Rate Impacts - Wholesale 40 - 70% hi her than base Federal 8.0 Potential 1 .0 16% hi her than baseA State Goal i Rate Base Case (¢/kWh) 5.0 Wo CO2 costs) 00 OWN Note: 2. Wholesale rates are i 1. 50 — 75 % of retail (de ends on cih/) i ii 68 CAP Public Process FBoard D . ��.anand rail-Gazette ads 8-Ma Reporter-Herald and Times-Call ads 11-May Estes Park News ad deadline 12-May Trail-Gazette, III lIII' oan, Times-Call, Reporter-Herald ads 13-May EP Utilities Committee Meeting EP Town Hall 14-May 0i EP News ad runs 15-May • . i0 00 LPC Public Open House Radisson Conf. Center, North Fairview Room 1S-May 6:30 p.m.-8:30 p.m. Open House FC Marriott, Windsor Rooms 1&2 19-May 2:30 p.m.-4:30 p.m. FCU Public Open House FC Marriott, Windsor Rooms 1&2 19-May 5:00 1 . 11 .-8:00 p.m. LWP Utilities Commission Meeting LW&P Service Center 20-May 00 LIP Public Open House McKee Conference Center, Friends Room 20-May 6:30 p.UNM:19 11 p.m. FCU Electric Board Meeting Platte River Hearing Room 21-May 5:30 p.m. EP Public Open House LIIIIIIIIIIIIIII III akeshore Lodge, Sundance Room 21-May 6:30 p.m:5:30 p.m. Regular : Or 0r Municipality Public Accounts Media Total General ke� 69 CAP Key Points - So Far ■ 20% reduction by 2020 appears possible ■ Three options meet goal — reserve sale change , efficiency & wind ■ Longer term (2050) plans need to be developed over time ■ Rules are unclear — state & federal legislation / regulation ■ Rate increases are uncertain ■ Estimates are preliminary — will very likely change over time ■ Other notes : ✓ Voluntary effort ✓ Specific to Platte River's unique situation ✓ Platte River Board makes policy / budget decisions ✓ Ongoing — annual reporting / updates Ik: �o 35 Additional Study ■ Consider additional CO2 reduction options : ➢ Beyond goal of 20% by 2020 presented in CAP ➢ Focus on reducing coal-fired generation ➢ Modifications to existing generation resources ➢ Commercially available technologies .4500 Coal Gas 1 , 500 ➢ Focus on natural gas options to replace coal ➢ Rough estimates developed for: 0 2020 Time frame o Capital costs — modification / replacement o Fuel supply costs + O&M costs o CO2 savings o Rate impacts Generation Comparisons Coal $ 2 . 00 / MMBtu Gas � $ 9 . 00 / MMBtu x o .� 11000 w O500 . . Annual Annual COZ Cost CO2 unit Muni CO2 Increase reduced cost Rate Reduction Case Description ( $ /yr) (Mtons) ($ ; Mton) Impact (vs. 2005 ) CAP base case options 31 , 000 , 000 821 , 358 38 16% 23% Shut down Craig units 89 , U00 ,000 288 , 000 309 44% + 8% Rawhide 100% gas fired 221 , 000 , UUU 886 , 000 249 108% + 25% Summary of Results Replace all coal with gas 287,000,000 1 , 180,000 24 ' 140% y 34°� Total Reduction 73 Looking VERY PRELIMINARY rd 74 �\ 37 Future Strategic Issues Energy Efficiency Planning Renewable Energy Distributed Generation Smart Grid Development Resource planning balance : Environment Cost Reliability