Loading...
HomeMy WebLinkAboutMemo - Mail Packet - 4/25/2017 - Memorandum From Tim Mccollough Re: 100% Renewable Option For Electricity SupplyUtilities electric · stormwater · wastewater · water PO Box 580 Fort Collins, CO 80522 970.221-6700 970.221.6619 fax  V/TDD: 711 utilities@fcgov.com fcgov.com/utilities M E M O R A N D U M DATE: April 19, 2017 TO: Mayor Troxell and Councilmembers FROM: Tim McCollough, Utilities Light and Power Operations Manager Kevin Gertig, Utilities Executive Director THRU: Darin Atteberry, City Manager RE: 100% Renewable Option for Electricity Supply This memo is in response to Mayor Pro Tem Horak's request at the April 17 Leadership Planning Team meeting for staff to consider the timeframe and costs involved with a 100% renewable option for electricity supply. BOTTOM LINE: The potential costs and benefits of large renewable energy supply additions will be better understood when the Platte River Power Authority Customized Resource Portfolio modeling results are available at the end of 2017. BACKGROUND: City Utilities staff has been working with Platte River Power Authority on a Customized Resource Portfolio (CRP) modeling effort since 2016. 2016 2017 2018+  Form Project Team  Initial Resource Scenario Modeling  Approve Resource Plans  Scope Development  Refine Models of Effective Resource Plans  Develop and Deploy Resources The CRP model inputs include a range of renewable wind and solar supply additions and will test price sensitivities including the potential of participating in an organized energy market. One model run includes a renewable scenario with 200 megawatts (MW) of wind turbine generation and 100 MW of utility scale solar photovoltaic additions to the existing portfolio. Preliminary assessments indicate this specific case could create a 75% renewable energy supply DocuSign Envelope ID: A8C8F6BD-8645-4D09-9327-3045032234B4 portfolio for Fort Collins based on total energy delivered. This scenario considers existing hydropower, existing wind and solar contracts, and renewable energy credits. This high penetration renewable scenario was chosen to model a path that could achieve the Fort Collins Climate Action Plan Framework 2030 goal of 80% carbon reduction over the 2005 baseline. If this model is feasible, a future model run to explore a 100% renewable scenario could be explored in partnership with Platte River. The timing on implementing a customized portfolio is uncertain. It will first depend on building a financial and operational business case in 2017-2018, and then is dependent on acquiring the new supply resources. DocuSign Envelope ID: A8C8F6BD-8645-4D09-9327-3045032234B4