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HomeMy WebLinkAboutReso 91-199 - Adopting the COR Electric Utility 1990 Resource Plan i RESOLUTION NO. a A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING ADOPTING THE CITY OF REDDING ELECTRIC UTILITY 1990 RESOURCE PLAN. WHEREAS, the City Council of the City of Redding has considered the Electric Utility 1990 Resource Plan of the City of Redding, a true copy of which is attached hereto and incorporated herein by reference; and WHEREAS, it is in the best interests of the City of Redding i to adopt said Plan as the City of Redding Electric Utility 1990 i Resource Plan; NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council of the City of Redding hereby adopts the attached Plan as the City of Redding Electric Utility 1990 Resource Plan. I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting of the City Council of i the City of Redding on the 7th day of May , 1991, and was duly adopted at said meeting by the following vote: I AYES: COUNCIL MEMBERS: Arness, Dahl, Fulton, Moss & Buffum { NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None NANCY,/ BUFFUM; Mayor City lof Redding I ATTEST: FORM ROVE ETHEL A. NICHOLS, City Clerk RANDAL A. HAYS, City Attorney i I � �7 I C=TY OF REDD=NG Electric Utility 1.990 RESOLyRCE pT.ZAN I i Draft Approved by Electric Utility Co®ission February 7, 1991 1 I i • TABLE OF CONTENTS SECTION PAGE I. EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . 1 A. Introduction and Purpose . . . . . . . . . . . . 1 B. Resource Plan Development . . . . . . . . . . . 4 C. Recommendations . . . . . . . . . . . . . . . . 5 II. PLANNING GOALS . . . . . . . . . . . . . . . . . . . . 8 III. CHANGES IN CONDITIONS AND EVENTS SINCE THE 1988 RESOURCE PLAN . . . . . . . . . . . . . . . . 11 A. Load Forecast . . . . . . . . . . . . . . . . 11 B. Rates . . . . . . . . . . . . . . . . . . . . 13 C. Regulatory and Legislative . . . . . . . . . 13 D. Price of Supplemental Resources . . . . . . . 14 E. Natural Gas Industry . . . . . . . . . . . 15 F. Contracts . . . . . . . . . . . . . . . . 15 i G. Generation/Transmission Projects . . . . . . . 16 H. Independent Power Producers . . . . . . . . . 17 I . Sacramento River . . . . . . . . . . . . . . . 17 I IV. FORECAST OF ELECTRIC POWER NEEDS . . . . . . . . . . 18 A. Forecasting Methodology . . . . . . . 18 B. Energy Conservation and Load Management . . . 25 C. Other Power Considerations . . . . . . . . . . 29 D. Adopted Forecast . . . . . . . . . . . . . . . 30 V. RESOURCE CONSIDERATIONS . . . . . . . . . . . . . . 44 A. Economics . . . . . . . . . . . . . . . . . . 44 B. Diversity . . . . . . . . . . . . . . . . . . 48 C. Autonomy . . . . . . . . . . . . . . . . . . . 49 D. Types of Resources . . . . . . . . . . . . . . 49 E. Transmission . . . . . . . . . . . . . . . . . 57 , F. Reserve Requirements . . . . . . . . . . . . . 58 G. Interutility Support . . . . . . . . . . . . . 60 H. Pooling . . . . . . . . . . . . . . . . . . . 60 I . Analysis . . . . . . . . . . . . . 61 VI. RECOMMENDED POWER RESOURCE DEVELOPMENT PLAN . . . . 64 A. Avoid High Cost Supplemental Power Purchases 64 B. Pursue Arrangements to Shape Loads & Resources 64 C. Pursue Development of Spring Creek Pumped Storage Project . . . . . . . . . . . . . . . 65 D. Pursue Development Negotiations with Independent Power Producers . . . . . . . . . 66 E. Pursue Transmission Access . . . . . . . . . . 66 F. Enhance Relationships With Western . . . . . . 67 G. Pursue Other Interutility Contracts . . . . . 67 H. Pursue Natural Gas-fired Resources . . . . . . 68 I . Pursue Economic Hydroelectric Projects . . . . 68 J. Pursue Conservation and Load Management Programs 68 K. Selectively Participate in Resource Projects 69 Draft: EUC Recommended: 2/7/91 -i- TABLE OF CONTENTS (Continued) I TABLES . . . . . . . . . . . . . . . . . . PAGE 1 Parameter Projections 1989-2009 . . . . . . . . . . 32 i 2 Coincident Peak Demand for Electricity by Customer Class . . . . . . . . . . . . . 33 3 Electrical Energy Use by Customer Class . . . . . . 34 4 Historic and Projected Parameter Growth Rates . . . 35 5 Estimated Effects of Conservation & Load Management Programs . . . . . . . . . . . . . . 36 6 Projected Monthly Peak Demands . . . . . . . . . . . 37 I 7 Projected Monthly Energy Requirements . . . . . . . 38 8 Total City Peak Demand Needs . . . . . . . . . . . . 39 9 Total City Electrical Energy Needs . . . . . . . . . 40 10 Recommended Plan . . . . . . . . . . . . . . . . . 73-74 FIGURES 1 Growth of Redding by Annexation . . . . . . . . . . 41 ' 2 Coincident Peak Demand 42 3 Electric Energy Need . . . . . . . . . . . . . . . . 43 4 Capacity Outlook . . . . . . . . . . . . . . . . . . 75 5 Energy Outlook . . . . . . . . . . . . . . . . . 76 i 6 Energy Mix: Low Load Growth . . . . . . . . . . . . 77 7 Energy Mix: High Load Growth . . . . . . . . . . . . 78 8 Committed Capacity Outlook . . . . . . . . . . . . . 79 9 Committed Energy Outlook . . . . . . . . . . . . . . 80 APPENDICES A. Future Resources B. Acronyms +I Draft: EQC Recommended:2/7/91 -h- I I I I 1 CITY OF REDDING Electric Utility 1990 RESOURCE PLAN I I . EXECUTIVE SUMMARY A. Introduction and Purpose The City of Redding (Redding or City) is in a unique position to meet its energy needs with a fiscally and environmentally sound package. We are also presented with an opportunity to clearly define our vision of Redding' s energy future and to specify how we plan to achieve those goals. Over the next 20 years, Redding will need to make several decisions to acquire a significant amount of resources to meet increased energy needs. The magnitude of this resource commitment, several 100 million dollars, makes the decisions very important. Because Redding residents will pay for these new resources through their electric bills, we believe they should take an active part in this decision-making process. This report has been prepared to encourage community involvement. Historically, Redding has relied upon wholesale purchases from other utilities to meet its power requirements. However, during the early 1970s, it became evident that continued reliance upon other utilities could not ensure the availability of reliable and low-cost power to meet the City' s future long-term electrical demands. Therefore, in 1976 , the City began to develop a broad- based program to provide the opportunity for the City to exercise some control over the cost and availability of the resources needed to meet these demands. The program Draft: EDC Recommended: 2/7/91 rc/r/9 1 I l i I includes suitable City-owned generating resources, participation in joint powers agency resources, and power purchases. Essentially, in 1976 , the City initiated a program to develop sufficient power resources to meet the future power requirements of its customers in a reliable and cost-effective manner. During 1981, the program was consolidated into the first City of Redding Electric Utility Resource Plan. The Plan was adopted early in 1982 by the Redding City Council and is updated and resubmitted to the Council for approval I biennially. The need for developing a resource plan that contains a well balanced mix of power resources has been clearly substantiated. During the five-year period beginning in 1982, the cost of power purchased by the City from its major supplier, the Western Area Power Administration (Western) , escalated over 300°x. In addition, in 1984, the City' s electric load exceeded Western' s contractual limit and required the City y to purchase more expensive supplemental power from PG&E during one month, at a total cost of $64,000. By calendar year 1990, the City' s electric load had grown to 173 Megawatts (MW) and required the purchase of supplemental power from PG&E i during six months, at a total cost of $5, 663 , 070. The cost for purchased supplemental power is expected to continue to grow rapidly unless the City develops other lower cost sources of power. If the rate of growth for the City' s electrical demand continues at the same rate as experienced since 1980, the City could expect its load to double in 12 years. The forecast included in this plan, however, projects a i reduction, not an increase, in the rate of growth. The Draft: EUC Reca®ended: 2/7/91 rc/r/9 2 i projected reduction in growth rate is primarily due to the assumption that the rate of annexing developed property will diminish. The base forecast for the 1990 Resource Plan ( 1990 Plan) projects the City' s peak load to grow by approximately 30% during the next ten years, while the high forecast anticipates a 58% growth by the year 2000. The 1990 Plan updates the Planning Goals, Forecast of ! Electric Power Needs and Resource Considerations included in the 1988 Resource Plan ( 1988 Plan) . The changes in conditions and events, which properly reflect the City' s most recent projection of power needs and the City' s current power resource plan to meet those needs, are included in this update of the 1988 Plan. The 1990 Plan includes assumptions and data that are current as of November 19901. The 1990 Plan should not be interpreted to represent a commitment by the City to a specific course of action. Rather, the purpose of the 1990 Plan is to serve as an aid in the process of decision making for individual projects. Decisions will be influenced by future conditions that may not necessarily match the assumptions used to prepare this 1990 Plan. 1 During the late stages of the review process for this Plan, the Lake Redding Hydroelectric Project was still an active project for the City. However, on April 3, 1991, the Office of Hydropower Licensing at the Federal Energy Regulatory Commission denied the City's license application for the Project. On April 16, 1991, the City opted not to appeal the decision, thereby eliminating the project as a potential resource. Consistent with the concept that this Plan is not intended to represent a commitment, a last-minute revision of the entire resource plan, exclusively, because of the late breaking development concerning the Lake Redding Project would have been imprudent. However, all references to the Lake Redding Project contained in this Plan are appropriately footnoted and should be considered for illustrative purposes only. Draft: EDC Recommended: 2/7/91 rc/r/9 3 I I i In evaluating the potential for developing new generating resources, the Electric Department staff compares the economics of such resources to the City' s incremental cost for acquiring additional power. Currently, the incremental cost of power is governed by the cost of power supplied by the Pacific Gas and Electric Company (PG&E) through a supplemental power purchase contract. Before a commitment to a specific project is made, detailed analyses that incorporate the most recent data available are conducted to assess the benefits, costs, risks, need, timing, acceptability, and environmental and financial impacts of that project. These analyses are repeated, as appropriate, with the most up-to-date information available at each critical decision point in the project development process so that mid-course corrections can be made, including possible termination of a project. The City' s Electric Utility Commission (EUC) , which is a seven-member commission of public volunteers appointed by the City Council to serve in an advisory role, reviews the analyses and forwards recommendations to the Redding City Council. The City Council, by specific action, and the City' s voters (who own the electric system) ultimately, through referendum, decide upon the projects selected for implementation. B. Resource Plan Development The 1990 Plan (Section IV) provides a probable twenty-year assessment of the City' s future need for power to meet projected customer growth. The power need assessment was conducted as suggested by the California Energy Commission (CEC) in its forecasting guidelines known as the Common Forecasting Methodology (CFM) . Through use of the CEC guidelines, the assessment Draft: EDC Recommended: 2/7/91 rc/r/9 4 i I +i considered several parameters that influence the future need for power. Section V discusses the merits of several resource development options which could be used to meet the power requirements forecasted by the power need assessment. Section VI discusses the recommended plan as of November 1990 to meet the forecasted need. The planning goals utilized as the primary criteria for the 1990 Plan are listed in Section II . C. Recommendations If the City is successful in the development of several resources alternatives, and an aggressive load management program, it will be able to avoid higher-cost supple- mental power purchases. The long-term savings to the City' s ratepayers under this approach could be substantial. Specific recommendations are as follows: 1 . The City should continue an aggressive and foresighted power resource development program that emphasizes the need to acquire long-term economical sources of reliable power. 2 . The City should develop projects, interutility agreements, or agreements with private developers that provide support for City-owned generation resources and provide supplemental power requirements needed to meet City loads in excess of the power received from Western and City-owned resources. f Draft: EDC Recommended: 2/7/91 rc/r/9 5 1 r 3 . To ' maximize the benefits of future generation resources , the City should develop agreements with Western that will allow the City to schedule Western power. Such agreements would maximize benefits by: ( a) reducing the amount of excess energy available during off-peak time periods. (b) reducing the amount of supplemental purchases required to meet the City' s peak load require- ments. 4 . The City should continue with the implementation of the demand side management program. Many demand side management programs are becoming cost competitive with new power projects and demand side management often is more environmentally responsible. Opportunities may soon exist to expand the City' s existing demand side management programs. 5 . The City should continue to work closely with Western to ensure Redding obtains an equitable share of the United States Central Valley Project ( CVP) peaking capacity ( if and when allocated) and to protect the City' s existing 116MW CVP allocation. i Draft: EUC Recommended: 2/7/91 rc/r/9 6 6 . The City should continue to participate in power pooling planning activities. Continued partici- pation will ensure that the City has the opportunity to participate on an equitable basis within the power pool if and when it becomes opera- tional. Table 10 in the 1990 Plan, contains the projected energy and capacity requirements and resources for the City, on an annual basis, through fiscal year 2007. i j Draft: EUC Recommended: 2/7/91 i rc/r/9 7 i I� II. PLANNING GOALS I Redding' s Electric Utility will support the City' s continued economic growth and development by providing its citizens with long-term, economical, efficient, reliable, and environmentally responsible electric power. j A. Present and future power costs for the City' s customers will be held as low as practicable. The long-term cost of electricity to the City' s customers is a primary consideration in the analysis of alternative power resources and programs. The ultimate test of any resource plan is the ability to provide economical power i resources to the City' s customers. B. Reliability and service levels will be maintained and improved whenever possible. I Dependable and safe electrical service must continue to be provided to the City' s customers. C. Local control and independence will be retained. Local control ensures that the City' s power system is responsive to customer needs. Independence allows the City more freedom in buying and selling power from various power projects and utilities. This freedom will allow the City the flexibility to acquire the least costly power. Draft: EDC Recommended: 2/7/91 rc/r/9 8 D. Development of economic, local power resources is preferred. Whenever the costs are reasonably competitive, the development of power projects that benefit the local economy will be preferred over equivalent, but geo- graphically distant projects. Sources of competitively priced power will be sought from generation ancillary to the primary business of a local firm--typically, power produced from waste heat. i iE. Power resources will be developed in an environmentally responsible manner. i New City power projects will provide for protection of the environment in compliance with applicable laws and regulations. When economically feasible, new City power projects will be developed to benefit the local environ- ment. i F. A diversified power supply is preferred. Projects will be preferred when they allow the City to economically diversify its power supplies by using different locations, fuels, or technologies. Diversity can reduce future risks to the City from interruption of power production from one location, fuel, or technology. i Draft: EUC Recommended: 2/7/91 rc/r/9 9 G. Load management and conservation programs will be promoted and developed. Load management will provide a means of reducing critical peak load growth and will better utilize the City' s power resources. Conservation programs will inform customers of ways to efficiently utilize electricity and thus reduce the demand on the electrical system. i H. A healthy local economy will be encouraged. Reasonably priced, reliable, electrical power is attrac- tive to business. Jobs created by the availability of reasonably priced, reliable, electrical power will benefit the local economy. A 1 Draft: EUC Recommended: 2/7/91 rc/r/9 10 i III . CHANGES IN CONDITIONS AND EVENTS SINCE THE 1988 'RESOURCE PLAN The Electric Utility operates in a complex, changing environment. This strategic resource plan considers numerous factors that may play a role in shaping City policy regarding its electric utility. Most of these factors are changing constantly. This section presents some of the major changes that have occurred since adoption of the 1988 Plan. Examples are: • Load forecast • Rates • Regulatory and legislative • Price of supplemental resources ' Natural gas industry 1 • Contracts i • Generation/transmission projects • Independent Power Producers ( IPP) • Sacramento River A. Load Forecast In 1989 , the City submitted its third biennial CFM filing to the CEC. Two forecasting methodologies were used to prepare this filing. Data were collected from a residential end-use survey and incorporated into an end- use model, wherein electric energy consumption was forecasted based upon appliance saturation rates and energy consumption values compiled by the CEC. The end- use model results were found to be consistent with the results of the second methodology, the econometric forecast. Draft: EUC Recommended: 2/7/91 rc/r/9 1 1 i The econometric forecasting methodology, which was also used to prepare the 1988 Plan, involves the preparation of a computer model based on historical data. The econometric model develops a relationship between several economic variables and load growth. The projected values of the independent economic variables used to develop the load forecast in the 1988 Plan were updated to prepare the load forecast for the 1990 Plan. The forecast for the 1990 Plan uses a lower rate of growth for all of the independent variables except for commercial gas prices. The Redding area continues to see a high level of commercial and residential development. This development, combined with additional electrical load growth from annexations, has caused peak demand to grow I by an average of 7 . 9% per year from 1978 to 1989 . The forecast used in the 1990 Plan is consistent with the CEC adopted forecast of load growth, for the period 1989-2009, with rates averaging 3 . 3% for demand and 3 . 4% for energy. These growth rates are slightly lower than the growth rates represented in the 1988 Plan. The reduction is due mainly to upward estimates of the effectiveness of conservation and load management i programs. These programs are projected to play a significant role in offsetting future load growth. Redding' s estimated growth continues to exceed expected state-wide averages. The expected monthly peak load for Redding over the next 16 years can be found in Section IV of this Plan. { Draft: EDC Recommended: 2/7/91 I rc/r/9 12 I B. Rates Although Redding did not have a rate increase in 1988, electric rates increased by an average of 6 . 5% in October 1989 . That rate increase was caused primarily by the increased cost to purchase electricity from Western and PG&E. Increases in Redding' s retail rates are expected to slightly decrease the rate of growth in consumption of electricity in the City. In January 1990, PG&E established new rates for the period through December 1993 . The new rates will increase PG&E' s power rates to Redding by approximately 29% to 500 over the three-year period, depending on the operation of the Diablo Canyon Nuclear Power Plant. On October 1, 1989, Western raised its rates for purchased power by 9.7% and plans to increase its rates by 3 . 4% in 1991. The combined effect of rate increases and load growth is expected to cause the City' s purchased power cost to grow from $20. 4 million in 1989 to $29. 0 million in 1992 . C. Regulatory and Legislative i The CEC has exclusive siting jurisdiction over all i thermal plants and related facilities located in the state of California having a rated capacity of 50MW or greater. The CEC is attempting to lower the 50MW output limitation. Such a move could bring all thermal resource options the City is considering under CEC jurisdiction. Since 1988, there has been growing interest in opening access to transmission markets. Regulatory or legislative reform in transmission access is expected to Draft: EUC RecameTMaed: 2/7/91 rc/r/9 13 I J I i I occur in the next few years. This will assist Redding in developing power resources distant from Redding. The California Public Utilities Commission (CPUC) has begun a Collaborative Process for Investor Owned Utilities ( IOU) . This process will increase the IOU stockholders ' profit if certain conservation and load ! management programs are expanded. The CPUC is currently working with Western and CMUA to determine if similar incentives can be arranged in order to expand energy conservation and load management programs for publicly owned utilities such as Redding' s. D. Price of Supplemental Resources Currently, the City' s only source of supplemental power is PG&E. Subsequent to the 1988 Plan, the CPUC and PG&E settled the rate issues that surrounded PG&E' s Diablo Canyon Plant since its inception. The settlement was instrumental in establishing electric rates between PG&E and Redding for a three-year period beginning January 1990. The long-term forecast of PG&E capacity costs is lower, while that of energy prices is slightly higher, relative to the forecast presented in the 1988 Plan. The forecast changes are due mainly to the resolution of the rate treatment for Diablo Canyon and to upward revisions in the prices for natural gas and oil. Draft: EUC Recommended: 2/7/91 rc/r/9 14 I i I E. Natural 'Gas Industry Several recent regulatory and market events have in- creased the availability and reduced the price of natural gas. These events have thus increased the viability of I a natural-gas fired turbine generator as an alternative i to purchases from PG&E. However, degradation of Shasta County air quality has reduced the potential for constructing natural gas fired electric generation projects without exceeding air quality standards. The cost of the resulting mitigation has reduced the viability of gas-fired turbines. F. Contracts +i I On March 22 , 1989, the Modesto-Santa Clara-Redding Public j Power Agency (M-S-R) executed the Sale and Exchange ' Agreement with the Bonneville Power Administration (BPA) . That agreement provides a 20-year power resource which, depending on BPA' s long-term resource availability, may convert and revert from either a firm power purchase, or an exchange of M-S-R off-peak energy for firm peaking capacity from BPA. Redding' s share of the M-S-R firm power purchase shall initially be 15MW of capacity and 65,700 Megawatthours (MWH) of energy per year, and will be effective as of the commercial operation date of the California-Oregon Transmission Project ( COTP) . On July 31, 1996 , the purchase will increase for the remainder of the contract term to 22. 5MW of capacity and 98,500MWH of energy. If the agreement converts to an exchange, BPA will continue to provide Redding summer capacity in exchange for Redding delivering BPA 180, 000MWH ( 270,000 i after July 31, 1996 ) during the winter. Draft: EUC Recommended: 2/7/91 i rc/r/9 15 In ;June '1990 , Redding and the other M-S-R members signed the Pacific Northwest Sales Agreement between M-S-R and its members. This agreement establishes the necessary obligatory relationships between M-S-R and its three members for the purchase, use, and exchange requirements ' of the BPA/M-S-R Sales and Exchange Agreement. G. Generation/Transmission Projects i None of the projects identified in the 1988 Plan have been deferred or abandoned'. However, the projected operational dates of several projects have been postponed one to three years in the 1990 Plan as a result of a number of regulatory and economic influences. The revised operational dates are provided in Section VI of this plan. i Groundbreaking for the COTP took place on October 15, 1990 . The COTP, which is a 500kV transmission line extending from the California-Oregon border into the San Francisco Bay Area, is scheduled for completion in 1993 and will eventually provide the City with access to low- cost power resources within California and throughout the Pacific Northwest. In November 1989, Airport Substation was placed into service, further enhancing the reliability of Redding' s electric system. This substation provides the City with a second point of delivery from Western' s system and increases the total transfer capability between the two systems from 160MW to 275MW. ' See footnote regarding Lake Redding on Page 3 for exception. Draft: EUC Recommended: 2/7/91 rc/r/9 16 H. Independent Power Producers The City has received numerous inquiries from IPPs interested in selling either electrical power or power projects to the City. The significant increase in IPP inquiries results from the City' s greater forecasted need for power, and from fewer opportunities for IPP sales to the IOUs because of less favorable government mandated incentive programs supporting IPPs. In response to the IPP inquiries, the City has developed a Resource Project Questionnaire Packet (Resource Packet) . The Resource Packet includes a description of the Electric Utility' s operating parameters, projected needs, and the project review process. Also included are a short initial questionnaire and a comprehensive final questionnaire for the IPP to complete. The Resource Packet provides a consistent means for evaluating projects, and also streamlines the review process. Thus far, several IPPs have completed the Resource Packet and their projects are being evaluated. I . Sacramento River The declaration of the winter run salmon as a federal threatened species and a state endangered species, along with the increased general public' s concern about the Sacramento River, has increased the difficulties associated with developing hydroelectric projects within the Sacramento River drainage. Draft: EDC Recommended: 2/7/91 rc/r/9 17 1 IV. FORECAST OF ELECTRIC POWER NEEDS The forecast of future electric power needs of the City is a cornerstone of the 1990 Plan. The forecast defines the need for additional City power resources, the potential for conservation savings, and to some degree, the level of future City rates for electricity. This section describes the development of the City' s forecast of peak demand in MW and the total City energy requirements in gigawatthours (GWH) for the planning period of City fiscal years 1990-2009. A. Forecasting Methodology 1 . Energy Historic energy consumption by customer class was compiled on a monthly basis for the thirteen-year i period of January 1976 through December 1988. Res- idential and commercial class customers historically have been responsible for about 90% of Redding' s total energy sales. Recognizing the significance of these customers to total system load, the parameters that affect load growth for each of these two classes were evaluated. A computer model, using several of the parameters, was then developed to forecast energy usage for the residential and commercial classes. i Energy projections for other customer classes including industrial, agricultural, and govern- mental were based on the historic load growth of each class as compared to the sum of the residen- tial and commercial classes. Draft: EDC Recommended: 2/7/91 rc/r/9 18 i i i i Several parameters that may affect load growth were tested to determine their effects on the City' s historical load growth between January 1976 and December 1988. Regression analysis was used to I determine the relationship, if any, of the tested i parameters to the amount of energy sold. The following parameters were found to have a signif- icant statistical effect and were therefore used in the computer model to project energy consumption through 2009. (a) Number of Electric Customers: As expected, this parameter is a significant determinant in the amount of energy needed by the City. Historically, the number of Electric Utility customers does not match the ratio of the Redding population divided by the average + number of persons per household. This anomaly is due to the fact that once an area has been annexed into the City, several years may pass i before all of the customers are transferred over to the City' s Electric Utility. This time lag is due primarily to the protracted negotiations and legal actions required to acquire PG&E facilities. (b) Disposable Personal Income: Personal income was determined to have an effect on electricity consumption. An in- crease in income contributes to a slight increase in electricity consumption. Shasta Draft: EDC Recommended: 2/7/91 j rc/r/9 19 1 11 1 County income per capita was used to establish i the historic relationships. Future personal I income growth is projected to improve significantly from that represented in the historic period due to the projected evolution of the local economy toward the manufacturing and services sectors. i (c) Heating and Cooling Degree Days: These parameters were used to account for electric usage associated with space heating and cooling. Heating and cooling degree days i are a measure of space heating or cooling requirements. The greater the value of heating and cooling degree days, the greater the electric requirements for space heating and cooling. (d) The Price of Electricity: Customer decisions to use electricity are determined partly on the basis of the average price of electricity. The historic real average price of electricity to City electric customers was approximated using total customer-class revenues divided by total customer-class kilowatthour (KWh) sales and was adjusted by the Consumer Price Index to constant 1987 dollars. iDraft: EDC Recommended: 2/7/91 rc/r/9 2 Q I I i i i (e1 Annexations: Annexations by the City have played an important role in load growth of Redding' s electric system over the historic period ( see Figure 1 ) . Some areas have been annexed but i have not yet received electric service from the City. The areas within the Redding city limits that have not yet received electric I service represent future increases in load. These increases have been explicitly considered in developing the load forecast by adjusting the forecasted number of customers within the commercial and residential classes by the estimated number of customers associated with each annexation. The effect of minor future annexations was included in the number of customers projected econometrically. Major future annexations were not included in the base forecast of future need; instead, those believed likely to occur in the near term were accounted for explicitly by their addition to base forecast projected levels. The other parameters tested did not have any apparent statistical effect on energy usage. The other parameters tested were: price of natural gas, level of employment, and daylight hours. Table 1 presents projections for the period 1989-2009 of some of the parameters used to forecast future electric power needs. Heating/cooling degree days projections were essential for explaining the historical test Draft: EUC Reca®ended: 2/7/91 rc/r/9 21 i period. However, in the forecast, due to the unpredictable nature of the weather, the projection of degree days was held constant at a value equal to the historical average daily temperature in Redding. 2 . Demand System peak demand was determined by using the forecasts made for energy usage and the average system load factor for the period 1980-1988. As the City' s system expands and diversity increases, and with the consideration of future effects of load management and energy conservation programs, it was estimated that slight improvements in average load factors will result. Although annual load factors will certainly fluctuate with yearly weather conditions, the Redding system annual load factor was assumed to improve steadily from 44. 6% in 1988 to 51. 4% by the year 2009. 3 . Forecast of Customer Needs Table 2 lists historical and projected electrical demand by customer class. Table 3 lists historical and projected electrical energy use by customer i class. The effects of existing energy conservation and load management programs are included in Tables 2 and 3 . Draft: EUC Rec:o®ended: 2/7/91 rc/r/9 22 ii I 4 . ' Plausibility The plausibility of the forecast is dependent primarily on the validity of the projections of the model parameters. Historic and projected growth rates for each of these parameters are shown in Table 4 . While there are significant differences in the growth rates of the historic and the projected parameter values, such differences are explained as follows. a) Price of electricity: The historic and ongoing increases in the price of electricity are caused primarily by two factors. First, the cost of power purchases from Western increased by 3000 during the 1983-1986 time period. Second, in 1984, the City began to purchase higher-priced supplemental power from PG&E. The rate of growth for the real price of elec- tricity is expected to decrease since future dramatic rate increases from Western are not expected, and since the City is actively pursuing more economical resources for supplemental power than purchases from PG&E. b) Personal income: The per capita personal income projections differ significantly from the historic series due to current trends in the Redding economy. Draft: EOC Recommended: 2/7/91 rc/r/9 23 Historically, the economy was based predominantly on the lumber industry. The lower historic growth in personal income is directly attributable to the protracted depression of the lumber industry during the late 1970s and early 1980s. Recent trends in local economic growth have shifted to the service and manufacturing sectors, providing a more stable base for future growth. Economic growth is expected to be supported further by present and anticipated stable energy prices. c) Number of customers: The number of City electric customers grew at a compound annual rate of 10. 3% during the period 1977-1986, while the population of Redding grew at a compound annual rate of 4. 2% over the same period. These high growth rates were due largely to the effects of several annexations during the period 1977-1985. Over the longer term of the forecast period ( from 1989 to 2009) , the effects of annexation, natural increases , and net in-migration are projected to result in a compound annual popu- lation growth rate of 3 . 2%, with similar pro- jected rates of growth in residential and commercial customers. Draft: EDC Recommended: 2/7/91 rc/r/9 24 1 • i B. Energy Conservation and Load Management I Forecasts of the City' s future need for electricity are dependent upon the effectiveness of conservation and load management programs. Many state and federally mandated programs currently affect the amount of electrical energy consumed by City customers. These programs include new building and appliance efficiency standards, tax credits, etc. Conservation effects from such programs are partially considered in the historical regression analyses, since some energy savings have already occurred due to these programs. Several conservation and load management programs recently established by the City are in various stages of development and are expected to expand as described below. Table 5 lists each of the programs, with estimates of the impact of existing and future programs. In order to show the effects of not developing the proposed conservation and load management in the final forecast of programs power needs, the capacity and energy expected to be saved by these programs were added to the forecasted customer-use pro- jections. The conservation and load management programs considered were: s i i Draft: EOC Recommended: 2/7/91 rc/r/9 25 i 1 . Air Conditioning Load Management (ACLM) The ACLM program is designed to reduce peak elec- trical demand during summer months. The program requires the installation of radio-activated con- trol switches on customer air conditioning units, thus allowing the City to selectively cycle the air i conditioners from a central location. i d In 1984, load control switches were installed on all eligible City-owned air conditioning equipment. An ACLM program for commercial customers was started in April 1985 . It is estimated that each commercial ACLM switch will control about 6 tons of '. air conditioning, which is approximately equal to 6kW of electrical capacity reduction. A total of 326 load control switches, controlling 2,188 tons of cooling, have been installed. The total load reduction, using a cycling strategy of 10 minutes every half hour, is approximately . 8MW. Under emergency conditions, the load reduction is estimated at 2 . 2MW. 2 . Swimming Pool Load Management (SPLM) The SPLM Program initiated in 1980 provides a reduction of peak demand by shifting the operation of swimming pool filters, pumps, and sweeps to off-peak hours. A request to operate pool equip- ment before 2 : 30 p.m. and after 6: 30 p.m. is peri- odically mailed to pool owners. The Residential Energy Survey completed in the second quarter of 1987, revealed that approximately Draft: EOC Recc®ended: 2/7/91 rc/r/9 26 i 110 of residential customers ( i.e. , about 2 , 570 customers) have some type (above or below ground) of swimming pool. The Residential Energy Survey also revealed that about 31% of residential customers who have swimming pools operate their pool filters between the hours of 2 : 30 p.m. and 6: 30 p.m. on hot summer weekdays. Thus, only about 855 customers with pools were participating in the program at the time of the survey. The SPLM load reduction was estimated to have been . 5MW in 1987 , and is projected to be 1. 3MW by 2009. ! 3 . Load Curtailment Load Management (LCLM) The LCLM program consists of the voluntary re- duction of electrical usage by certain large-use customers and by the general public. Most City pumping loads are also shut down or placed on stand-by generators. This program is put into effect only at such times as the electrical system is approaching peak load conditions. Customers are notified by telephone and by radio and television announcements of the need to reduce their use of electricity. In 1987, this program reduced peak demand by an estimated 3 . 2MW, and is projected to reduce peak demand by 3 . 8MW in 2009. As a supplement to the LCLM program, an extensive advertising campaign is conducted from May to September to encourage the reduction of electrical usage between 2: 30 p.m. and 6: 30 p.m. Radio adver- tisements are broadcast daily on the four leading local radio stations and a newspaper advertisement is published once a week in the local newspaper. Draft: EDC Reco®ended: 2/7/91 rc/r/9 27 4 . Efficiency Standards It is expected that mandatory Residential Building and Appliance Standards implemented in 1978 will continue to reduce the energy consumption of space heating, air conditioning, water heating, refrigeration, and other major appliances. Estimates developed from the Residential Energy Survey project energy and load reduction impacts of 25. 1GWH and 12. 5MW by 1994, and 84. 6GWH and 47MW by the year 2009. 5 . Other Conservation Activity Residential customers are provided residential energy audits and general conservation information and materials. To further encourage the conserva- tion of energy, recording meters are loaned to customers to monitor the electrical usage of various appliances. Commercial customers are provided technical assis- tance in evaluating a wide range of conservation measures designed to encourage energy efficient lighting, water heating, heating and air condi- tioning, pumps and motors, pools and spas, res- taurant operations, and other equipment and pro- cesses. Draft: EOC Recommended: 2/7/91 rc/r/9 28 i 6 . Street Lights The City has an ongoing program of installing energy efficient, high-pressure sodium street lamps when existing, less efficient, mercury vapor lamps need replacement. It is estimated that this pro- gram saved 1. 1GWH in 1987 and will save 3GWH by 2009 . I 7 . Interruptible Customers i t In 1984, the City established a rate for inter- ruptible service that provides a reduction in the cost of power for eligible customers who volunteer for the rate. This class of service requires that customers reduce or eliminate consumption of power during peak usage times at the City' s request. Al- though there were no customers receiving electrical service under the Interruptible Rate as of December 1990, the Electric Department staff estimates that up to 7. 6MW of interruptible load will be available by 2009. C. Other Power Considerations 1. Losses Losses account for electricity used to energize the transmission and distribution system, and for electricity that is used but not metered (power theft) . The City' s 10-year historical energy losses have averaged 7. 5%. During the forecast years, an improving load factor was used in the 1990 Plan to account for efficiency improvements in Draft: EUC Recommended: 2/7/91 ' rc/r/9 29 the City' s distribution system, 'therefore, losses were expected to improve to 6 . 1%. 2 . Monthly Power Requirements The monthly power requirements projections provide an indication of when power will be used by the City' s customers. Power usage is usually higher in the summer and lower in the spring and fall. Monthly power requirements projections of total customer load plus losses for 1989-2004 for i capacity and energy are shown by Tables 6 & 7 , re- spectively. These projections were based on com- puter modeling of the City' s historic monthly power usage, normalized to temperature. D. Adopted Forecast Tables 8 & 9 list the City' s historical and anticipated need for capacity and energy, respectively, from 1978 to 2009. Figures 2 and 3 , respectively, illustrate the forecast of the City' s total need for capacity and energy. The compound annual growth in capacity for the historical period 1978-1989 was 7 . 9% and is expected to be 3 . 3% for the period 1989-2009. The compound annual growth in energy for the historical period 1978-1989 was 7 . 1% and is expected to be 3 . 4% for the period 1989-2009. These growth rates are higher than the growth rates dis- cussed in Section III . Section III discussed customer needs only, while this section includes customer needs plus losses. As discussed in Section V, the City' s need for capacity will be higher than the demand forecast since the capacity needed to meet demand will need to include reserve requirements. Draft: EDC Recommended: 2/7/91 rc/r/9 3 0 It 'shouid also be noted that, while the forecast results discussed above are consistent with the City' s CFM 8 filing, the near-term historical trend shows a much higher rate of growth. The CFM process is by nature conservative. The City has historically exceeded the growth rate predicted by earlier CFM forecasts. Therefore, it would not be unreasonable to consider an alternative forecast which assumes a higher annual growth which is consistent with the historical trend. I For planning purposes, we consider the growth predicted by the CFM process as the low load growth scenario. While the growth predicted by the historical trend is the high load growth scenario. The high load growth scenario' s compound annual growth in capacity for the 1989-2009 period is on the order of 4 . 8%, and for energy, a rate of some 5. 5%. The capacity and energy requirements suggested by these alternative growth rates are represented in Figures 2 and 3 as the top-most dashed line which depicts the aggregation of the projected components of capacity and energy needs, respectively. Draft: EQC Recommended: 2/7/91 rc/r/9 3 1 1 TABLE 1 9 I CITY OF REDDING 1990 RESOURCE PLAN PARAMETER PROJECTIONS 1989 - 2009 REAL PRICE 3/ 1/ REAL PERSONAL 2/ OF ELECTRICITY NUMBER OF INCOME ------------------------ YEAR CUSTOMERS PER CAPITA RESIDENTIAL COMMERCIAL 1989 29, 649 13 ,464 5. 17 5. 84 1990 30, 853 13 , 649 5.07 5. 68 1991 32 ,079 13 , 836 5. 13 5 .70 1992 33 , 321 14, 026 5. 16 5. 67 1993 34, 572 14,219 5. 18 5. 63 1994 35, 825 14, 398 5. 25 5 . 68 1995 37, 078 14, 580 5. 18 5. 58 1996 38, 334 14,765 5. 25 5. 65 1997 39, 590 14, 952 5. 31 5. 69 1998 40,848 15, 141 5. 40 5 .78 j 1999 42,069 15, 332 5. 37 5.73 2000 43 , 254 15,526 5. 42 5.76 2001 44,434 15,722 5. 27 5. 63 2002 45, 610 15, 921 5. 07 5. 45 2003 46,780 16, 122 4. 97 5. 37 2004 48,007 16,326 4. 79 5. 19 2005 49,293 16,533 4. 59 5.02 2006 50, 570 16,742 4. 38 4. 81 2007 51,837 16 , 953 4. 21 4 . 65 2008 53 ,093 17,168 4. 01 4. 45 2009 54, 343 17 , 385 3. 86 4 . 29 1/ Residential customer growth rates are based on econometric and City of Redding, Department of Urban Planning projections, including estimates of future annexations. Commercial customers are forecast through an estimated relationship between the City's population and the number of commercial customers. 2/ 1987 Dollars. i 3/ 1987 cents/kWh, projections recognize an intent to gradually equalize the average costs of electricity for commercial and residential customers. Draft: EUC Recommended: 2/7/91 rc/r/9 3 2 TABLE 2 CITY OF REDDING 1990 RESOURCE PLAN i FISCAL YEAR COINCIDENT PEAK DEMAND FOR ELECTRICITY BY CUSTOMER CLASS i (MEGAWAT`"S) i 1 TOTAL YEAR CUSTOMER i ENDED RESIDENTIAL COMMERCIAL INDUSTRIAL AGRICULTURAL GOVERNMENTAL DEMANDI/ 1978 25 31 1 0.1 3 60 1979 32 35 2 0. 1 3 72 1980 47 43 2 0. 1 4 96 1981 53 42 3 0.1 4 102 1982 56 45 3 0. 1 4 108 1983 53 41 3 0.1 3 100 1984 54 42 3 0.1 3 102 1985 57 46 3 0.1 4 110 1986 61 50 3 0.1 4 118 1987 64 53 3 0.1 4 125 1988 66 58 3 0.2 5 133 1989 71 61 4 0.2 6 142 1990 66 63 4 0.2 5 138 1991 76 71 5 0.2 6 159 1992 77 72 5 0.2 6 160 1993 78 73 5 0.2 6 162 1994 79 74 6 0.2 9 168 1995 80 75 6 0.2 9 170 1996 81 77 6 0.3 9 174 1997 84 79 7 0.3 9 179 1998 87 82 7 0.3 9 185 1999 90 84 8 0.3 9 190 2000 93 86 8 0.3 9 196 2001 96 88 9 0.3 9 202 2002 100 90 10 0.4 9 209 I 2003 104 93 10 0.4 9 216 2004 108 96 11 0.4 8 223 2005 112 98 12 0.4 8 230 2006 117 100 13 0.4 8 238 2007 122 103 13 0.5 8 246 2008 126 105 14 0.5 8 254 2009 131 108 15 0.5 8 262 * Compound Annual Growth Rate: 1978-88 = 8.3% 1989-09 = 3.1% 1/ Totals may not add due to rounding. Draft: EDC Recommended: 2/7/91 rc/r/9 3 3 1 TABLE 3 CITY OF REDDING i 1990 RESOURCE PLAN FISCAL YEAR ELECTRICAL ENERGY USE BY CUSTOMER CLASS (GIGAWATTHOURS) TOTAL YEAR CUSTOMER ENDED RESIDENTIAL COMMERCIAL INDUSTRIAL AGRICULTURAL GOVERNMENTAL USE 1/ 1978 111 134 9 0.2 13 267 1979 145 145 12 0.3 13 315 1980 196 174 17 0.4 15 402 I 1981 211 185 19 0.4 16 431 i 1982 221 190 17 0.4 15 443 1983 218 187 19 0.4 13 437 1984 213 190 17 0.4 15 435 1985 236 210 19 0.5 17 483 1986 236 211 19 0.5 17 484 1987 224 213 18 0.4 18 473 1988 255 243 21 0.6 23 542 1989 268 255 24 0.6 21 569 1990 275 258 25 0.6 21 580 i 1991 304 281 29 0.7 22 638 1992 318 289 31 0.7 23 660 1993 333 299 33 0.8 23 688 1994 348 309 35 0.8 23 716 1995 363 316 37 0.8 23 741 1996 377 325 39 0.9 23 766 1997 390 333 41 0.9 23 789 1998 403 340 44 1.0 23 811 1999 417 348 46 1.0 23 835 2000 431 356 48 1.0 23 859 ' 2001 447 364 51 1. 1 23 885 i 2002 465 372 54 1.1 23 915 2003 482 381 56 1.2 23 944 2004 500 390 59 1.2 23 973 2005 519 400 63 1.3 22 1004 2006 538 410 66 1.4 22 1037 2007 557 420 69 1.4 22 1069 2008 575 430 73 1.5 22 1101 2009 593 441 76 1.5 21 1132 Compound Annual Growth Rate: 1978-88 = 7.30 1989-09 = 3.5% 1/ Totals may not add due to rounding. i i Draft: EUC Recommended: 2/7/91 rc/r/9 34 i i i TABLE 4 CITY OF REDDING 1990 RESOURCE PLAN Historic and Projected Parameter Growth Rates PROJECTED ANNUAL AVERAGE ANNUAL AVERAGE COMPOUND GROWTH COMPOUND GROWTH PARAMETER RATE 1977-1986 RATE 1987-2009 ------------------------- --------------- --------------- REAL RESIDENTIAL PRICE OF 5 .70 -0. 50 ELECTRICITY REAL COMMERCIAL PRICE OF 6.7% -1. 4% ELECTRICITY REAL PERSONAL INCOME 0. 30 1. 3% PER CAPITA NUMBER OF CUSTOMERS 10. 30 3 . 3% 1 I Draft: EUC Recommended: 2/7/91 rc/r/9 35 i TABLE 5 CITY OF REDDING 1990 RESOURCE PLAN ESTIMATED EFFECTS OF CONSERVATION & LOAD MANAGEMENT PROGRAMS i 1987 1994 2001 2009 GWH MW GWH MW GWH MW GWH MW PROGRAM 1/ I AIR CONDITIONING N 0.7 N 1.0 N 4.4 N 10.5 LOAD MANAGEMENT PROGRAM (ACLM) SWIMMING POOL N 0.5 N 0.8 N 1.1 N 1.3 LOAD MANAGEMENT PROGRAM (SPLM) LOAD CURTAILMENT 0.1 3.2 0.2 3.4 0.2 3.5 0.2 3.8 LOAD MANAGEMENT (LCLM) PROGRAM 2/ EFFICIENCY N 0.0 25.1 12.5 50.1 27.9 84.6 47.0 STANDARDS OTHER CONSERVA- N N 0.6 N 1.2 N 2.1 N TION ACTIVITY STREET LIGHTS 1.1 N 2.1 N 2.9 N 3.0 N INTERRUPTIBLE N N N 2.2 N 4.1 N 7.6 CUSTOMERS --- --- ---- ---- ---- ---- ---- --- TOTAL: 1.2 4.4 28.0 19.8 54.5 41.0 89.9 70.1 N = Negligible 1/ Effects of existing and proposed load management and conservation programs are combined. 2/ Includes STEP advertising campaign. Draft: EDC Recommended: 2/7/91 rc/r/9 36 TABLE 6 CITY OF REDDING 1990 RESOURCE PLAN PROJECTED PROJECTED MONTHLY PEAK DEMANDS (MW) 1/ i (FISCAL YEARS 1989-2004) MONTH 1989 1990 1991 1992 1993 1994 1995 1996 -------------------------------------------------------- JUL 154 * 151 * 168 * 175 177 182 186 189 AUG 146 * 144 * 173 * 174 177 182 185 189 SEP 147 * 121 * 133 * 160 162 167 170 173 OCT 108 * 90 * 118 119 120 124 126 129 NOV 95 * 102 * 120 121 122 126 128 131 DEC 114 * 110 * 144 145 147 152 155 158 JAN 117 * 113 * 135 136 138 143 145 148 FEB 122 * 116 * 121 122 124 128 130 133 MAR 102 * 102 * 115 116 118 122 124 126 APR 92 * 92 * 110 111 113 116 118 121 MAY 106 * 115 * 146 147 149 154 157 160 JUN 132 * 151 * 166 168 170 175 178 182 -------------------------------------------------------- MW-MO 1437 1406 1650 1694 1718 1772 1801 1839 PEAK 154 151 173 175 177 182 186 189 MONTH 1997 1998 1999 2000 2001 2002 2003 2004 -------------------------------------------------------- JUL 195 201 207 214 220 228 236 243 AUG 195 201 207 214 220 227 235 242 SEP 179 184 190 196 202 208 216 222 OCT 133 137 141 146 150 155 160 165 NOV 135 139 143 148 152 157 163 168 DEC 163 168 173 178 183 190 196 202 JAN 153 157 162 167 172 178 184 190 FEB 137 141 145 150 154 159 165 170 MAR 130 134 138 143 147 152 157 162 APR 125 128 132 136 140 145 150 155 MAY 165 170 175 181 186 192 199 205 JUN 188 194 199 206 212 219 227 233 -------------------------------------------------------- MW-MO 1897 1956 2012 2078 2137 2210 2288 2358 PEAK 195 201 207 214 220 228 236 243 * Actual Data 1/ Includes effects of present load management however does not include reserves. i Draft: EOC Recommended: 2/7/91 ' rc/r/9 3 7 TABLE 7 CITY OF REDDING 1990 RESOURCE PLAN PROJECTED PROJECTED MONTHLY ENERGY REQUIREMENTS (GWH) 1/ (FISCAL YEARS 1989-2004) MONTH 1989 1990 1991 1992 1993 1994 1995 1996 ----------------------------------------------------------- JUL 67 * 62 * 72 * 72 75 78 80 83 AUG 61 * 59 * 66 * 71 74 77 80 82 SEP 51 * 49 * 56 * 58 60 62 65 67 OCT 45 * 46 * 49 50 53 55 57 59 NOV 46 * 46 * 49 51 53 56 57 59 + DEC 53 * 54 * 65 67 70 73 76 78 JAN 55 * 55 * 63 65 68 71 74 76 FEB 48 * 50 * 49 51 53 55 57 59 MAR 48 * 48 * 52 54 56 59 61 63 ! APR 44 * 44 * 46 48 50 52 54 56 MAY 45 * 48 * 52 54 57 59 61 63 JUN 53 * 55 * 59 61 64 66 68 71 --- --- --- --- --- --- --- --- TOTAL 615 615 678 703 733 762 789 816 High 67 62 72 72 75 78 80 83 Low 44 44 46 48 50 52 54 56 MONTH 1997 1998 1999 2000 2001 2002 2003 2004 -------------------------------------------------------- JUL 86 88 91 93 96 99 102 105 AUG 85 87 90 93 95 99 102 105 SEP 69 71 73 75 77 80 82 85 OCT 60 62 64 66 68 70 72 74 NOV 61 63 65 67 69 71 73 75 DEC 81 83 85 88 90 93 96 99 JAN 78 80 83 85 88 91 94 97 FEB 61 62 64 66 68 70 72 75 MAR 65 66 68 70 72 75 77 80 APR 57 59 61 63 64 67 69 71 MAY 65 67 69 71 73 75 78 80 JUN 73 75 77 79 82 85 87 90 --- --- --- --- --- --- --- --- TOTAL 840 864 889 915 942 974 1005 1036 High 86 88 91 93 96 99 102 105 Low 57 59 61 63 64 67 69 71 * Actual Data 1/ Includes effects of present energy conservation programs. i Draft: EDC Recommended: 2/7/91 rc/r/9 38 TABLE 8 CITY OF REDDING 1990 RESOURCE PLAN I FISCAL YEAR TOTAL CITY PEAK DEMAND NEEDS t MEGAWATTS I TOTAL TOTAL TOTAL FUTURE YEAR CUSTOMER DEMAND SYSTEM LOAD TOTAL* ENDING DEMAND LOSSES DEMAND MANAGEMENT DEMAND 1/ 1 ( 1) ( 2) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 2) + ( 3 ) ( 4) + ( 5 ) 1978 60 7 67 2/ 67 1979 72 5 77 Z/ 77 1980 96 7 103 Z/ 103 1981 102 7 109 Z/ 109 1982 108 8 116 Z/ 116 1983 100 7 107 2/ 107 1984 102 7 109 Z/ 109 1985 110 8 118 Z/ 118 1986 118 8 126 Z/ 126 1987 125 11 136 Z/ 136 1988 133 12 145 2/ 145 1989 142 13 155 Z/ 155 1990 138 12 151 Z/ 151 1991 159 14 173 Z/ 173 1992 160 14 175 Z/ 175 1993 162 15 177 2/ 177 1994 168 15 182 -1 183 1995 170 15 186 1 186 1996 174 16 189 1 191 1997 179 16 195 1 197 1998 185 17 201 2 203 1999 190 17 207 3 210 2000 196 18 214 3 217 2001 202 18 220 4 224 2002 209 19 228 4 232 2003 216 19 236 5 240 2004 223 20 243 5 248 2005 230 21 251 6 257 2006 238 21 260 7 266 2007 246 22 268 7 276 2008 254 23 277 8 285 2009 262 23 285 9 295 * Compound Annual Growth Rate: 1978-88 = 8.0% 1989-09 = 3.3% 1/ Total demand (Col. 6) excludes reserves. 2/ Effects of present load management are included in Total Customer Demand (Col. 2) . Draft: EUC Recommended: 2/7/91 rc/r/9 39 TABLE 9 CITY OF REDDING 1990 RESOURCE PLAN FISCAL YEAR TOTAL CITY ELECTRICAL ENERGY NEEDS GIGAWATTHOURS TOTAL TOTAL TOTAL FUTURE YEAR CUSTOMER ENERGY NET LOAD ENERGY ENDING USE LOSSES ENERGY USE MANAGEMENT REQUIRED* ( 1) ( 2) ( 3 ) ( 4) ( 5) ( 6) ( 2) + ( 3 ) ( 4 ) + ( 5 ) 1978 267 23 290 1/ 290 +, 1979 315 24 339 T/ 339 1980 402 28 430 T/ 430 1981 431 30 461 T/ 461 1982 443 39 482 _T/ 482 1983 437 30 466 1/ 466 1984 435 29 464 T/ 464 1985 483 29 512 T/ 512 1986 484 31 515 T/ 515 1987 507 34 541 T/ 541 1988 542 24 566 1/ 566 1989 569 46 615 T/ 615 1990 580 35 615 T/ 615 1991 638 41 679 T/ 679 j 1992 660 43 703 _T/ 703 1993 688 45 733 0 733 1994 716 47 762 1 763 1995 741 48 789 1 789 1996 766 50 816 1 816 1997 789 51 840 1 841 1998 811 53 864 1 865 1999 835 54 889 1 890 2000 859 56 915 1 916 2001 885 57 942 1 943 2002 915 59 974 1 975 2003 944 61 1005 1 1006 2004 973 63 1036 1 1037 2005 1004 65 1070 1 1071 2006 1037 67 1104 2 1106 2007 1069 69 1139 2 1140 2008 1101 72 1172 2 1174 2009 1132 74 1206 2 1208 ------------------------------------------------------------------- * Compound Annual Growth Rates: 1978-88 = 6. 9% 1989-09 = 3 . 4% 2/ Effects of present load management are included in Total Customer Use (Col. 2 ) . Draft: EDC Recommended: 2/7/91 rc/r/9 4 0 I 'r ��•i.❖• .:.. ;=� ►•••••moi t WOW s ►••• ►i•::.:.�►••�•••••••,iii-•�•`•.�••..; MMO i i.••.iiiiiiii�iii••••••f �'�••••••►� �� ••.�i•�•ii4W. wow wo iiii• :••iii• 587 ••• .•. �..•. • •••••.I1�•••• ►.•..••.� 'rte k • � a CITY OF REDDING 1990 POWER RESOURCE PLAN COINCIDENT PEAK DEMAND 40o HISTORIC PROJECTED 37s ,.. TOTAL OfJWJD (H(-GROVYM) I / .................... •t' ............. i I / 325 ~ TulAL DEWWD 300 FUTURE LOAD AIA►iAGFLFNr 275 .......... r .............250 i TOTAL NET CUSTOMER DEMAND ca 175 •: : / / so =1' ��'qm a� ttt. :... 2s y-f CouufaAL 100 i : •: . . 75 � s: = ........ 50 ............ ................ ............. i..........*.. **.*,,** I RF�SDEITU,L :. 0 78 80 85 90 95 2000 05 9 YEARS ENDING JUNE 30th �'or RJ mom FIGURE 21 pwl 42 nsir► CITY OF REDDING 1990 POWER RESOURCE PIAN i ELECTRIC ENERGY NEED HISTORIC PROJECTED 1800 ,�� ! /1 :{': MAL ENERGY (HI-GROWN) 1600 I r 1500 I ......... i t I ?QUL ENERGY REQUiRBAENT / 1400 f 1300 ! MIRE LMD MANAGE),IENT 1200 ............. 1100 .... . .. :.•.•::. iuiu r t 900 :r: TOTAL NET (ENERGY SALES 800 Z�o t9 700 :{. // O1fifR QASSES / 600 I *: t ' 400 _ .....:. .:.. ... I COWIERgA1 ........... �/�/� ..:... ................ .AN ..............{•.:::::::.•:::.•: 200 100 : : I i :. i I j 78 80 85 90 95 2000 05 09 YEARS ENDING JUNE 30th arr m 71GURE 7 Imp 43 lLECTAMM maim V. RESOURCE `CONSIDERATIONS Development of power resources to meet customer needs is a complex process under which the Electric Utility must try to mesh economic, reliability, and environmental goals listed in Section II of this plan. Several factors must be evaluated. As detailed below, these include economics, diversity, 1 autonomy, resource type, whether adequate interutility support and reserves are available, and transmission. A. Economics Several factors affect the economics of a resource. Among them are: 1. Fixed Costs The fixed costs of a resource are those that are incurred regardless of how much power is produced. The most notable fixed cost is debt service on the capital required to build a project. In general, a resource' s fixed costs are expressed in $ per kW-year or $ per kW- month. 2 . Variable Costs The variable costs of a resource are those that result from the amount of power produced. The most significant variable cost is usually fuel. Depending upon how a fuel supply contract is structured, fuel cost during a time period when a resource does not produce power could be zero. Variable costs are expressed on a per-kWh basis. Draft: EDC Recc®ended: 2/7/91 rc/r/9 44 i i 1 i 3 . Fuel Supply ' The viability of many resources depends on the future availability and cost of fuel. Resources that utilize a fuel with a history of large price fluctuations or supply interruptions are not as attractive as those with more stable fuel supplies. 4. Cost Escalation I j For most resources, some or all of the associated costs escalate in time. This is especially true under purchase contracts where costs are often escalated using either fixed percentages or a widely accepted published index (e.g. , Producer Price Index) . Fixed percentages allow both buyer and seller to precisely forecast future contract prices but these future prices may not accurately reflect future market conditions. Conversely, although published indices can often track future market conditions, they may not be accurately forecasted. City-owned resources also have escalating costs. In addition to fuel costs, such costs as operation and maintenance must be forecasted. To do this, certain assumptions for cost escalation must be made. 5 . Summer Dependable Capacity In Redding, electric utility customer demand is highest during the summer. The amount of power a resource can reliably generate during peak customer demand periods determines its dependable capacity. For example, some hydro projects that generate inexpensive energy during high river flow conditions but generate little during the City' s summer peak have lower dependable capacities Draft: EDC Recommended: 2/7/91 j rc/r/9 45 • than `resources such as gas-fired combustion turbines, which can usually generate at full load. 6 . Reliability Resources with a history of unexpected outages or an unreliable fuel supply are not as valuable as those that can be depended on for nearly continuous operation. 7 . Useful Life Resources that can continue operation without major capital improvements, long past the time when the associated debt is retired, are economically more attractive than those which cannot. Hydroelectric projects are a good example of this type of resource. 8. Ability To Schedule Customer electrical requirements vary with time of day or week. Resources that can be scheduled to "follow load" are capable of reducing or increasing their generation coincident with these fluctuating customer requirements. Some resources are not capable of following load and thus often produce excess energy. If the City has too many of these types of resources, it may have to sell this excess energy at below cost. Resources that can increase output during on-peak hours and decrease output during off-peak hours are usually more economical than those that cannot vary their output. Draft: EUC Recomended: 2/7/91 rc/r/9 46 i I i I 9 . (:ontingencies/Risks Some resources such as geothermal projects , have higr development risks where high investment may be requires to drill exploratory steam holes without any guarantee of eventual usable steam. Others may require r substantial environmental mitigation and thus entail financial risk. Contingencies such as these car greatly affect the cost/benefit relationship for a particular resource type. I 10 . Capacity-Related Charges Under most wholesale purchase contracts, i capacity-related charges are imposed. These charges are commonly referred to as ratchet charges, reserve charges, standby charges, firming charges and/or customer service charges. Such charges are also common i when one utility must depend on another to provide power when the utility' s resource(s) become unavailable. Whereas each charge may have its own particular justification, utilities justify these charges on the basis that they otherwise would incur significant capital expenditures (debt service) throughout the year to supply peak capacity only a few times each year. For example, some rate schedules require that up to 94% of the cost for capacity supplied in a summer month must also be paid for in the other it months even if 1 1 power is not delivered during those 11 months. 1 Residual capacity charges are becoming increasingly popular as the costs for new capacity continues to rise. This factor will become more important in the Draft: EDC Recommended: 2/7/91 rc/r/9 47 i i i future since the peak summer loads for the City may require payment of the charge during off-peak months. Alternatively, the savings made available by avoiding these charges can be used to support further City � development of power projects and load management programs which minimize capacity-related charges. i B. Diversity Resource diversity is a measure of a utility' s ability to meet its customers ' electrical requirements under a variety of conditions and at a minimum of risk. A diverse resource mix generally includes some resources designed to operate at a fixed level for long periods and some designed to vary i their operational levels as customer demand varies. A diverse mix also implies resources based on varying types of technology and/or fuel supply. Diversity helps ensure a utility' s rates are not impacted greatly by fluctuation in the cost of just one resource type. Without diversity, a utility may be forced to significantly raise its rates if there are significant increases in the cost of power from a particular resource type. For example, the City presently relies primarily on power purchased from Western. Therefore, the City' s diversity is currently low. When Western recently imposed a 300% rate increase, the City had no choice but to pass significant rate increases on to retail customers. To I avoid this in the future, diversity necessarily will be an important consideration in the development of City resources. 1� I Draft: EUC Recommended: 2/7/91 rc/r/9 4 8 I i r i C. Autonomy The City is one of a few public power entities in California that is not directly interconnected to a major IOU system. As a result, one other goal in developing f power resources for the City is to remain independent from i constraining arrangements which preclude the City from taking advantage of other resources. The existing PG&E contract is an example of such a restrictive arrangement. The contract automatically terminates if Redding utilizes a power resource other than PG&E or Western. In the future, by developing alternatives from a number of 1 sources, the City will be able to retain its flexibility and independence, and therefore retain its autonomy. D. Types of Resources A host of environmental, technical, contractual, and political issues must be addressed for every possible i resource. The following discussion addresses some of the key considerations for most industry-accepted electric power resources: 1 1 1 Draft: EUC Recommended: 2/7/91 rc/r/9 49 i 1 i 1 . Hydroelectric Pumped Storage Projects Hydroelectric pumped storage units, though basically net energy users, are designed to supply power during the peak load periods and to utilize low-cost, base- load generation to pump the water back to an upstream reservoir during off-peak periods. Pumped storage units also act as good generation management tools. Because they provide an off-peak load source, they tend to make a utility' s overall load characteristics smoother. In doing so, they also provide for more efficient non-cyclic operation of the utility' s other resources. 2 . Other Hydroelectric Projects New large hydroelectric projects are virtually impossible to construct because most environmentally acceptable sites are already in use. Small hydroelectric projects have also inherited their share of environmental siting problems. The availability of local sites and their ability to produce summer dependable capacity, however, help keep some small hydro projects potentially attractive. 3 . Cogeneration/Independent Power Projects In the last several years, cogeneration and independent power projects have been popular among venture capitalists. Cogeneration projects usually entail an industrial process where both steam and electricity are produced from heat. The steam is usually used on site, sold to the local utility, or a combination of both. IPPs produce power only, sell all power to a Draft: EDC Recommended: 2/7/91 rc/r/9 50 i 1 contracting utility, and derive power from many different sources. During the early 1980s, private developer interest was due primarily to Public Utility Regulatory Policy Act (PURPA) mandates that required utilities to purchase all qualified cogeneration output at the utilities "avoided cost" which was generally higher than market value. Recently, however, several developers have proposed projects that benefit both the utility and the developer, independent of PURPA. ! In the early and mid-1980s, cogeneration/IPP plants developed at a rapid rate with entrepreneurs taking advantage of PG&E' s high "avoided cost" purchase contract. Since PG&E has established a waiting list for transmission capacity and subsequently reduced j their "avoided cost" purchase rates, many of the cogeneration/IPP markets are looking toward the City to make electricity sales. Over 100 developers have investigated the possibilities of supplying power to Redding, a few of which appear very promising. 4 . Purchased Power Contracts Purchased power contracts serve many purposes. These can vary from a straight purchase of firm and non-firm energy to the purchase of standby service. With the construction of the COTP, the City will be able to f enter into purchase contracts with several other utilities. Although power contracts reduce the need for the City to make capital expenditures, they usually have lower long-term economic benefits than developing new power projects. Draft: EUC Recommended: 2/7/91 rc/r/9 5 1 i 5. Biomass Projects Biomass projects typically use products such as wood waste, agricultural waste, or municipal solid waste. ' Although some of these g projects tend to utilize new technology, they are becoming increasingly popular as they become economically competitive with other resources. However, they may have significant fuel 1 supply and air pollution difficulties to resolve. 6 . Fossil Fuel Projects a. Coal Coal projects remain a viable resource option where purchase into an existing plant is possible. + However, the CEC has exclusive siting jurisdiction over all proposed generating plants greater than 50MW located in the state of California. The state has identified certain "preferred" technologies and gives them preference in siting. Coal is not a "preferred" technology and as a matter of state policy, there is no support for the construction and operation of a coal-fired I plant in California. In light of this , it would be extremely difficult to license a coal plant in California, especially in the Redding area. Therefore, a key factor in considering most remote coal projects will be the availability of firm transmission capacity from the project to Redding. i I Draft: EUC Reccnnended: 2/7/91 rc/r/9 5 2 I v f b. 011 Oil is not a viable source of power. Concerns about both reliability and cost of supply and air quality make this source unattractive. C. Natural Gas ' Natural gas can play an important role in meeting future capacity needs. However, because pollutant levels in the Redding area are approaching or, in some cases, have surpassed state standards, new natural gas-fired projects will necessarily undergo close environmental scrutiny. Most utilities in California are significantly relying on natural gas-fired projects to meet their future power needs. There are primarily three different types of natural gas-fired projects: i. Combustion turbines are relatively inexpensive to construct, but are expensive to operate. They are designed to operate for relatively short periods of time and to respond quickly during emergencies. They are ideally suited for use as peaking or reserve units. The injection of steam reduces air quality concerns and increases the efficient operating range of a combustion turbine. ii. Gas-fired boilers have the advantage of increased efficiency over a wider range of output than combustion turbines. However, gas-fired boilers have a higher installed cost .� than a combustion turbine. i Draft: EDC Recommended: 2/7/91 rc/r/9 53 I iii. Combined cycle projects have high efficiency within a narrow operating band. However, i combustion turbines areP referred over combined cycled projects when significant j cycling of the project is needed. Gas-fired boilers are preferred when wide operating ranges are needed. 1 ' d. Alternative Fuels ' Fuels such as butane, propane, and alcohol also are a possibility for future power sources and can be burned in the same manners available for natural gas. They also represent an opportunity for the City to reduce ' its dependence on the more traditional organic fuel sources. i 7. Demand Side Projects Demand side projects represent a low-cost, pollution- free method of meeting future utility customer needs. Programs that help customers to conserve energy as well as shift power usage to off-peak periods will help keep i the City' s power costs at a minimum. The City is currently working with some of its larger customers on conservation/load management efforts. Expansion of these efforts is expected in the near future. i I i i I i I Draft: EDC Recommended: 2/7/91 rc/r/9 5 4 i • • 8 . Fuel Cells Fuel cells are expected to soon be able to provide a fast, environmentally clean way to add small increments of generating capacity directly to the local electrical system. However, the technology is still in the research and development stage with production units planned for the late 1990s. Installed capacity costs are still projected to be higher than most other City options. 9. Nuclear Projects Through membership in M-S-R, the City was offered 22 . 5MW of firm capacity from the Arizona Nuclear Power Project. In June, 1982, City voters passed a referendum prohibiting City involvement in the project. The City is, therefore, constrained from considering future participation in nuclear power projects. 10. Geothermal Projects Because of a limited known supply of accessible steam, the potential for geothermal projects is limited. Known production areas have become saturated with y wells. Recent indications of health hazards associated with working in and around steam fields and plants, as well as recent reductions in generation from several existing projects, are becoming major concerns for the industry. i Ia Draft: EUC Recommended: 2/7/91 rc/r/9 55 1 11. Solar, i Power derived from solar technology may be worthy of further study. Although the cost to produce power from sunshine has continued to decrease, it remains significantly higher than the cost of other resources. Solar projects which have been built to meet electric utility load have relied on government grants and tax incentives that are currently not available. i 1 12. Wind Projects With the implementation of PURPA, there was much development of wind projects in the early 1980s. More recently, however, as the tax credits have dwindled, the research and development support for this technology has diminished. In the local region, dependable winds seldom occur during peak electrical load periods. At best, for the foreseeable future, this technology could supply only nondependable energy. i 1 1 1 j Draft: EDC Recommended: 2/7/91 rc/r/9 56 I a , E. Transmission i Currently, Redding' s Electric Utility operates as an island within the transmission systems of PG&E and Western. Redding' s electric system is interconnected with Western I but is not interconnected with PG&E. Therefore, any power i Redding receives from PG&E' s system must be received by Western at Tracy Substation near the Bay Area, and then delivered by Western from Tracy to Keswick or Airport Substation. Potential resources that may seem to be close to Redding may be, contractually very far, if the resource' s interconnection is with PG&E. The cost to wheel power through both PG&E' s and Western' s transmission ! systems is usually too high to warrant further consideration of these resources. Access to transmission j lines greatly enhances Redding' s ability to utilize i alternative power resources. y With construction of the COTP, Redding eventually will be able to receive up to 44MW of power from the California- Oregon border to the Olinda Substation, near Cottonwood, for delivery by Western to Redding. Similarly, Redding ! will eventually be able to receive up to 44MW of power from the southern terminus of the COTP, near the Bay Area, to the Olinda Substation. The COTP agreements provide for Redding to be able to transmit power over PG&E' s system I between PG&E' s Midway Substation, near Bakersfield, to the southern terminus of the COTP. The City is also a participant (via its membership in i M-S-R) in the Mead-Phoenix, Mead-Adelanto, Adelanto-Lugo, and Palo Verde-Devers transmission projects. Participation in these projects will enable the City to participate in purchase, sales, and exchange arrangements with other utilities in the southwestern United States. It also will Draft: EOC Reco®ended: 2/7/91 rc/r/9 57 i i I 1 i 1 provide the City with leverage in negotiating prices for resources delivered from the Pacific Northwest over the COTP. I I F. Reserve Requirements Every electric utility strives to provide dependable 1 electric service to its customers. A utility' s failure to meet customer loads due to insufficient capacity will result in a variety of economic and technical problems. Therefore, utilities must plan for and develop sufficient reserves to meet customer load requirements. Within the utility industry, there are several important standards that generally determine reserve requirements. One such standard is to maintain a Loss Of Load Probability (LOLP) of not more than one day ( 24 continuous hours) in i ten years. Such a standard requires that the combination of generating and power purchase capacities must exceed customer loads at all times except for one day in ten years. All uncertainties such as weather, forced and planned outages, and other factors such as routine maintenance must be included. Utilities employ several strategies to provide sufficient reserves to reduce LOLP, however, the reserves of most utilities are divided into two major types. I I Draft: EUC Recommended: 2/7/91 rc/r/9 58 i I , 1 ' 1 . Planning Reserves Planning reserves in the utility industry are typically 150-20% of system annual peak demand. Planning reserves are designed to account for demand forecast errors, long-term weather extremes, delays in the construction of new power plants, and lengthy forced ioutages. { 1 A 2. Spinning Reserves Spinning reserves in the utility industry are typically 3%-10% of system peak demand. Spinning reserves are designed to account for sudden loss of existing 1 generation. If, under emergency situations, existing generation is lost, spinning reserves are used to quickly (within a few minutes) replace the sudden loss in generation. 3 . Redding' s Reserves a In developing its resources, Redding must ensure enough are developed to meet not only its expected load, but also its reserve requirements. A reserve margin equal to the amount of load serving capacity the City could lose during a single outage event ( largest single contingency) was utilized in the 1990 Plan to determine the City' s future need for reserves. This strategy provided a total of planning and spinning reserves between 18%-31% over the 20-year forecast period. i Draft: EUC Recommended: 2/7/91 rc/r/9 59 I i 1 G. Interutility Support Interutility support contracts can support a utility' s resources by providing for such services as spinning and 1 planning reserves, voltage and frequency control, emergency i power and firming power. Both spinning and planning reserves have been previously discussed. Voltage and frequency are a means of measuring the quality of the electric power delivered to customers. Voltage and frequency control services are sometimes exchanged between, or purchased from, utilities to help ensure quality service 1 to the customer. Firming or back-up arrangements are sought when one utility has a particular project which, for various reasons (e.g. , hydro conditions) , may not be capable of supplying its rated capacity at all times. Under these circumstances, the buyer of firming service selects the desired level of service (MW) and then pays for it on a periodic basis, regardless of whether the service is actually utilized during that period. i H. Pooling i Pooling resources is another option for meeting City electric needs. Power pools afford the various participants an opportunity to lower power costs. For example, with multiple participants, a project can be I a upsized to a point where economies of scale take effect. Other pools enable different utilities to take advantage of load diversity. An example of this would be the summer/winter load diversity among Pacific Northwest/Pacific Southwest utilities. In the summer, when utilities in the Southwest are peaking, Northwest utilities { often have excess to sell at prices lower than Southwest utilities ' incremental power costs. The opposite is true i ! Draft: EUC Recommended: 2/7/91 j rc/r/9 60 i I 1 in winter. Finally, pools allow utilities to share resources to provide for reserves and emergency power. I . Analysis The complete process of analyzing potential electric resources is simplified by using detailed computer modeling techniques. Computer modeling is used by the Electric Department staff to forecast hourly load and variable cost to meet the load, over a wide range of scenarios of load growth and resource mix. Computer modeling is used to combine hourly operating costs with the Electric Department' s forecasted financing needs and other fixed costs. By assigning probabilities to several significant assumptions , and by combining the assumption into many scenarios, computer models assess the expected overall risks and benefits of a given resource. Forecasted electric rates during the life of a resource are compared to forecasted rates without that same resource to determine its ultimate value to the City' s electric customers. When a resource is first identified, it is usually vaguely described. A general analysis of the resource is made each time the resource is further defined. Such subsequent analyses are usually more detailed than the previous because more is known about the resource. These analyses 3 1 are repeated, as appropriate, with the most up-to-date information available at each critical decision point in the project development process so that mid-course corrections can be made, including possible termination of a project. The initial criteria used to decide if future investigations are warranted is whether the City' s electric customers are projected to be economically better off, in Draft: EDC Recommended: 2/7/91 rc/r/9 6 1 i I 1 i i terms of .present value dollars spent on, electricity over the first ten years due to the addition of a given resource. If, after preliminary review of a resource, the resource does not meet this criterion, further consideration is normally not warranted. I ' The ten-year initial criterion stems from the fact that virtually all power from new resources costs more in the first few years of operation than power purchased from another utility. Another utility has the near-term advantage of being able to sell power available from older generators constructed with old capital. However, within a few years, some resources become competitive with purchases from another utility because that utility has constructed even newer projects, the costs of which are included in the utility' s charges for power. As long as a resource meets the "ten year" criterion, studies are performed, analyses made, and negotiations continued until the resource becomes completely formulated and a final City commitment is required. Prior to a final City commitment, the risk/benefit analysis described above is completed over a wide range of scenarios that might occur during the resource ' s expected life. These scenarios quantify the range of uncertainty of the project' s economics due to uncertain variables such as future fuel prices and load growth. In this manner, the potential i outcomes that are better and worse than expected are quantified and the decisionmakers can balance the expected benefits with the potential risks of a project. In addition to the detailed analysis described above, an investigation of the unquantifiable or intangible risks and benefits of the resource is made. Draft: EDC Recommended: 2/7/91 rc/r/9 62 i 9 The five-member elected City Council is the final authority ( subject to a referendum by Redding citizens) for approving electric resource commitments. Prior to any presentation to the City Council, however, is a review of staff' s a analysis by the EUC, and perhaps a committee of the EUC. The EUC is a committee of seven citizen volunteers who are appointed by the City Council. I ,I i , i , Draft: EUC Recommended: 2/7/91 rc/r/9 63 9 VI . RECOMMENDED POWER RESOURCE DEVELOPMENT PLAN The following plan is recommended to meet the City' s power requirements through fiscal year 2009 . This plan is flexible and is intended to provide general guidance on how to meet the City' s future power requirements. A number of future resource scenarios could result from the recommended plan. The purpose ! of this plan is to provide a perspective on how future decisions regarding a particular power resource may affect i i subsequent decisions and the overall cost and reliability of the City' s electric system. The plan consists of 11 recommendations as follows: i A. Avoid High-cost Supplemental Power Purchases Since future supplemental power purchases from PG&E are likely to be expensive, the City should try to avoid them by developing more economical power resources. As noted in Section V, it is possible that capacity-related charges may make supplemental power purchases from PG&E quite costly. Therefore, the City should continue to develop economic j resources that reduce its dependence on PG&E supplemental power and thereby reduce electric cost to its customers. By pursuing alternatives, the City provides PG&E an incentive to maintain its prices as low as possible. B. Pursue Arrangements to Shape Loads and Resources The City should continue to develop arrangements that can provide on-peak capacity and a use or market for excess energy during periods of lower demand. Draft: EUC Recommended: 2/7/91 rc/r/9 6 4 1 The following is a list of the most promising alternatives: O Scheduling of power from Western O Peaking capacity purchases O Pacific Northwest peaking capacity purchases O Capacity-for-energy exchange agreements O Spring Creek Pumped Storage Project i O Large interruptible customers O Independent power producers O Demand side management programs O Supplemental power purchase contract with PG&E O Sale of excess energy to Western i O Other possible suppliers and purchasers. C. Pursue Development of Spring Creek Pumped Storage Project Development of the Spring Creek Pumped Storage Project will allow the City to maximize the benefits of other projects by allowing off-peak energy to be stored for later use as i on-peak capacity and energy. The pumped storage project will also allow the City to use off-peak energy that is 1 often available at attractive rates from other utilities. Finally, by maintaining a minimum pool in the upper reservoir, the project may be able to provide some of the necessary reserve requirements for the City' s other projects. i 1 a Draft: EDC Recommended: 2/7/91 9 rc/r/9 65 i i D. Pursue Development Negotiations with Independent Power Producers With the demise of tax credits and the ability under PURPA to sell power to IOUs at above market rates, IPPs have turned toward publicly owned utilities to market their products. Since mid-1989, the City has received an average 1 of one inquiry per week from various IPPs with proposals to sell either power or a project to Redding. These proposals have been reviewed as described in Section VI . Currently, five appear to be viable. IPPs represent a variety of technologies and operational requirements and many possess the requisite expertise to bring their projects to fruition. The City should continue to pursue development of these IPPs. In addition to meeting City power needs, they help to stimulate the Redding area economy by lowering City power costs and providing local jobs. E. Pursue Transmission Access For the City to have free access to economical power, transmission rights must be obtained. The City is presently a 6 . 4% member of IANC, the project manager of the COTP. The COTP includes upgrading and construction of new transmission facilities from the Pacific Northwest to i Central California. Groundbreaking for the project took place on October 15, 1990. The COTP will eventually provide the City access to 44MW of power from the Pacific Northwest. The City' s interest in the COTP south of Redding will enable Redding to make power transactions with + other California utilities. Redding, through its membership in M-S-R and TAMC, is developing access to 1 connect its San Juan entitlement to the COTP. The City should continue to explore possible transmission access. Transmission access is the fundamental first step in Draft: EDC Recommended: 2/7/91 rc/r/9 66 i 'i enabling opportunities for power arrangements with remote utilities and accessing remote generation projects. F. Enhance Relationships with Western Since Western is the City' s primary source of power and is the City' s transmission link to other utilities, it is important to maintain and enhance working relationships with Western. Contracts are currently under negotiation for such interutility services as scheduling and emergency support. Those contracts need to be finalized to allow Redding maximum flexibility to economically and reliably supply power to its customers. G. Pursue Other Interutility Contracts Prior to completion of the COTP Redding should develop resources in the Pacific Northwest for delivery over the COTP. Some of the most promising resources are power contracts with other utilities in the Pacific Northwest. When Redding utilizes another resource, its current contract with PG&E will terminate. Even so, Redding may need to purchase support services or additional supplemental power. Redding should negotiate a contract with PG&E provided that it does not restrict Redding' s resource development and that it allows Redding to purchase services from PG&E should PG&E offer services that are, in the long-term, more economical than other alternatives. I Draft: EDC Recommended: 2/7/91 rc/r/9 67 H. Pursue Natural Gas-fired Resources Natural gas fired projects will play a vital role in meeting the future needs of most electric utilities throughout California. Natural gas fired projects are attractive in California because of current California environmental regulations, the cost to construct a natural as fired � g project, and the common belief that natural gas j will be in abundant supply for a long time to come. Redding should pursue the development of natural gas fired i electric generation by acquiring economical natural gas supplies and gas transportation rights. If access to economical natural gas is obtained, Redding could burn the natural gas on a Redding-owned combustion turbine, or use the natural gas supply to enhance the economics of an IPP Y project. I . Pursue Economic Hydroelectric Projects Two small-to-medium size hydroelectric power projects remain available for development by the City. The projects can be developed using proven technology and can provide i additional direct construction benefits for the local economy. Three hydroelectric projects in various states of development are listed in Table 10. The Whiskeytown Project is operational. The other two hydroelectric projects are the Lake Redding Project3 and the Lake Red Bluff Project. J. Pursue Conservation and Load Management Programs i As the City' s Energy Conservation and Load Management (ECLM) programs are implemented, the City' s ability to 3 See footnote on Page 3. Draft: EUC Recommended: 2/7/91 rc/r/9 6 8 1 i I avoid exceptional summer peaks will ' increase. The increasing costs of new power resources will make various ECLM programs more cost effective. Electric loads in the City that can be safely and efficiently reduced during peak demand periods will directly benefit City ratepayers through lower costs from avoided supplemental power purchases. Redding should consider implementing ECLM programs that provide an economic alternative to investments in new generation resources. Besides various + regulatorily-mandated ECLM programs, several programs may t j provide benefits to the citizens of Redding beyond lower electric bills. K. Selectively Participate in Resource Projects Whenever the overall economics are favorable and the diversity of power supply can be enhanced, the City may wish to participate in projects with other utilities. When pooled with other utilities, as the San Juan Project is with M-S-R, a project may offer flexibility in energy deliveries. Table 10 provides a summary of the City' s projected loads and one resource development scenario that is consistent with the recommended plan. The resource development scenario lists those resources included in the City' s 1989 submittal of a 20-year forecast of resources to the CEC. The City' s contract with Western expires after the calendar year 2004. At this time, any projections beyond that year are I very uncertain. For the purpose of preparing Table 10 , it was assumed the City' s Western allocation will continue through 2009. More should be known about the validity of this assumption after Western has completed its 1994 Remarketing Plan, a process which began in 1989 . The City should become Draft: EDC Recommended: 2/7/91 rc/r/9 69 i I i I d I prepared • for the consequences of not receiving a total reallocation of Western' s resources in 2004 and the consequences of not developing some or all of the undeveloped resources identified in Table 10. j Following Table 10 are several figures that illustrate the projected loads and resource mix as provided to the CEC in 1989. Figure ( 4) illustrates that with a slight exception in 1993 and 1994, the forecasted resources will be capable of exceeding the City' s capacity needs through 2008, including the need to maintain a 15% planning reserve per WSCC requirements. Capacity additions are normally accomplished in discrete increments, thus excess capacity is normally available from time to time over a utility' s long-term planning horizon. Although Figure ( 4) shows a few slight shortfalls of capacity in 2009, significant shortfalls could occur if one or more of the proposed projects are not built or if Redding experiences load growth similar to what it has experienced over the past several years. Under the high load growth scenario, the resources depicted in Figure ( 4) would not meet Redding' s capacity needs by 2004 even if construction of the Spring Creek Pumped Storage Project' s second phase was accelerated. Figure ( 5 ) illustrates that the resources depicted would generate sufficient energy to meet the City' s requirements, assuming low load growth. Most of the energy shown in excess of the low load growth needs will be used to meet pumping or exchange obligations. However, if Redding' s increases in energy requirements are consistent with those experienced in recent years, the scenario illustrated in Figure ( 4) indicates that the City will not have sufficient energy to meet the pumping requirements of the Spring Creek Pumped Storage Project I by 1995 and could not meet energy requirements of Redding' s customers by 2001 . i Draft: EUC Recc®ended: 2/7/91 rc/r/9 70 I I I 1 The pie charts depicted in Figures ( 6 & 7) §how 'the extent to which the resources are projected to be utilized to meet the City' s energy requirements. This is in contrast to the bar charts in Figures ( 4 & 5 ) where total energy availability is shown. Figure ( 6) considers a low load growth scenario, and shows that by 2009, Western would meet 52% of our energy needs i if Redding' s allocation does not change. Figure ( 6 ) considers a high load growth and shows a 7% shortfall in Redding' s energy needs by 2003 . The decision on which capacity resources to use will vary from day to day, depending on the current operational cost of each resource (e.g. , the lower the current cost of pumping energy, the more the Spring Creek Pumped Storage Project will be utilized) . Throughout the course of a given year, the percentage of Redding demands on any particular resource will vary dramatically. Therefore, any attempt to produce figures to illustrate capacity utilization similar to Figures ( 6 & 7) i ' would be misleading. i It should be re-emphasized that Figures ( 4, 5 , 6, 7 ) are illustrations of one scenario only, a scenario that contains much flexibility. This scenario does not imply a commitment to develop any one type of resource. over time, some of the resources depicted in Figures ( 4, 5 , 6, 7) may be replaced by other yet-unidentified resources. Figures ( 8 & 9) illustrate the relationship between committed resources and projected capacity and energy requirements. The committed resources as noted are Western, the M-S-R/BPA agreement, the San Juan coal- fired project and the Whiskeytown Hydroelectric Project. The City is currently in the process of filling the shortfalls illustrated in Figures ( 8 & 9) . However, while these "shortfalls" indicate a need to secure additional firm resources, they also indicate a certain flexibility in the I Draft: EDC Recaanended: 2/7/91 rc/r/9 71 i 1 City' s resource planning process. This flexibility enables the City to "play the market" until such time a commitment to a particular resource becomes a sound management decision. Thus, if the City is able to secure a resource with reliability and costs lower than the non-committed resources shown in Figures ( 4, 5 , 6 , 7 ) enough flexibility exists to displace the non- committed resources with the newly secured ones. i I I I i 1 i ' Draft: EUC Recommended: 2/7/91 rc/r/9 7 2 1 I TABLE 10 CITY OF REDDING 1990 RESOURCE PLAN RECOMMENDED PLAN Fiscal Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 ---------------------------------------------------------------------------------------- ENERGY (GWH) REQUIREMENTS -------------- Retail 679 703 733 763 789 816 841 865 890 916 Avail. for Whlsle 245 250 263 316 288 213 193 182 206 218 -------------- --- --- --- ---- ---- ---- ---- ---- ---- ---- TOTAL 924 952 996 1079 1078 1029 1034 1046 1096 1134 ENERGY (GWH) RESOURCES -------------- Western 571 584 597 603 614 622 621 619 620 618 San Juan 127 127 127 127 127 127 127 127 127 127 d Whiskeytown 8 8 8 8 8 8 8 8 8 8 Spring Creek 0 0 0 0 0 -18 -17 -18 -16 -24 Lake Redding' 0 0 0 0 0 0 0 0 94 94 Lake Red Bluff 0 0 0 0 0 0 0 0 0 46 Northwest Imports 0 0 44 51 55 45 62 63 61 60 { Southwest Imports 108 108 108 108 72 18 0 0 0 0 IPPs 0 0 47 181 201 226 232 247 202 204 Other Purchases 109 124 64 0 0 0 0 0 0 0 -------------- --- --- --- ---- ---- ---- ---- ---- ---- ---- TOTAL 924 952 996 1079 1078 1029 1034 1046 1096 1134 CAPACITY (MW) REQUIREMENTS -------------- Customer Demand 173 175 177 183 186 191 197 203 210 217 Reserves 0 0 23 18 64 60 61 55 62 61 Reserves(%tot) 0% 0% 13% 10% 34% 32% 32% 27% 29% 28% Contract Exp. 1 1 1 0 0 0 0 0 0 0 --------------- --- --- --- --- --- --- --- --- --- --- TOTAL 174 175 201 201 251 251 258 258 272 279 CAPACITY (MW) I RESOURCES --------------- Western 116 116 116 116 116 116 116 116 116 116 Whiskeytown 1 1 1 1 1 1 1 1 1 1 Spring Creek 0 0 0 0 50 50 50 50 50 50 Lake Redding s 0 0 0 0 0 0 0 0 14 14 Lake Red Bluff 0 0 0 0 0 0 0 0 0 7 Northwest Imports 0 0 22 22 22 22 29 29 29 29 IPPs 0 0 62 62 62 62 62 62 62 62 Other Purchases 57 59 0 0 0 0 0 0 0 0 --------------- --- --- --- --- --- --- --- --- --- --- TOTAL 174 175 201 201 251 251 258 258 272 279 a See footnote on Page 3. ' s See footnote on Page 3. Draft: EUC Recommended: 2/7/91 rc/r/9 7 3 TABLE 10 (Cont. ) CITY OF REDDING 1990 RESOURCE PLAN RECOMMENDED PLAN ---------------------------------------------------------------------------------------- Fiscal Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 j ---------------------------------------------------------------------------------------- ' ENERGY (GWH) REQUIREMENTS ------------ Retail 943 975 1006 1037 1071 1106 1140 1174 1208 Available for Whlsle 261 232 204 138 130 116 102 93 73 --------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- TOTAL 1205 1208 1210 1175 1201 1222 1242 1267 1281 J ENERGY (GWH) RESOURCES ------------ Western 619 618 616 616 618 619 621 622 624 San Juan 127 127 127 127 127 127 127 127 127 j Whiskeytown 8 8 8 8 8 8 8 8 8 Spring Creek -8 -19 -23 -30 -26 -27 -25 -26 -28 Lake Redding` 94 94 94 94 94 94 94 94 94 Lake Red Bluff 46 46 46 46 46 46 46 46 46 Northwest Imports 63 62 53 -17 -16 -14 -12 -5 -3 Southwest Imports 0 0 0 0 0 0 0 0 0 IPPS 256 271 288 330 350 368 382 399 408 Other Purchases 0 0 0 0 0 0 1 1 4 ----------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- TOTAL 1205 1208 1210 1175 1201 1222 1242 1267 1281 CAPACITY (MW) REQUIREMENTS ------------- Customer Demand 224 232 240 248 257 266 276 285 295 Reserves 55 47 88 81 72 63 53 44 34 Reserves(%tot) 25% 20% 37% 32% 28% 24% 19% 15% 12% Contract Exp. 0 0 0 0 0 0 0 0 0 --------------- --- --- --- --- --- --- --- --- --- TOTAL 279 279 329 329 329 329 329 329 329 CAPACITY (MW) RESOURCES ------------- Western 116 116 116 116 116 116 116 116 116 Whiskeytown 1 1 1 1 1 1 1 1 1 Spring Creek 50 50 100 100 100 100 100 100 100 Lake Redding' 14 14 14 14 14 14 14 14 14 Lake Red Bluff 7 7 7 7 7 7 7 7 Northwest Imports 29 29 29 29 29 29 29 29 29 IPPS 62 62 62 62 62 62 62 62 62 Other Purchases --0 --0 --0 --0 --0. 0 --0 --0 --0 ----------------- --- TOTAL 279 279 329 329 329 329 329 329 329 e See footnote on page 3. See footnote on page 3. Draft: EDC Recommended: 2/7/91 rc/r/9 7 4 7 O N m M O uJw ` N O C t ' cn O L M ® O N Z I a O o O ' cl >- c -� a N 0. C) LLQ a. 0 Lc, m r Co 0 3 °) ® a J O O OO O O O O u7 O LO O to O t[3 M M N N r' r r 8 . See footnote re Lake Redding on Page 3 . I FIGURE 4 75 1 CO � O N !Y c O 6L O N V CQD � c I , 1 0 W � cn O � � Y o � o i wo L o o \ N W c c o �, E z o _ _ CL N D. ELM w Cc w Z 3 ® ® ,� o U. w p O Z L CO C 0 •n. cz E CL — O + m Z O r,7 Z 0 0 o O o O O c O o 0 0 CO LO N CO O i cr) 1 9 . See footnote re Lake Redding on Page 3 . FIGURE 5 j _7'� co N ' LLI N (1 r R 7 V)v i � O I O 1 //0^� W CSR T� C) C V/ u7 a- � V C i U) !!�� W rr CY) Lu Cl) 0 = N 10 . See footnote re Lake Redding on Page 3 . FIGliRE 6 77 i r- C CrDCID 0 C CD � , ems• �, cz 06 � � T i O CV V ,4 CC) _. O a- 1 7 c Jco C x TT C C w V J C _ of N C ` C3 1 LO 9 Y, MMT Lu J T 1 M Lu ` o c\j 11. See footnote re Lake Redding on Page 3 . 0 C Z FIGURE 7 1 � 78 i O O N — W (0 ol a: '& 0 N F' o O .J W F- Ljj a , O777. m 0 - °' ,��► U � o z �� o � o m ' Q ¢ N O v QU a W Q L W r -- LL02 L � 2 I- 0 3 L rn o r m O O O O O O O O LO O u) o u) O LO s co (r) N N r T • FIGURE 8 7.9 O ' � O N —� m \ t i cc Y N � � ate. UJ � in W CY) 0 —� � 3 0 wo o Nco = lom C'3 0 co � Z o � _ w O mm z p� N Ld UJ 0 ® W v •• ao W LLI • E " w` co u. L _ W �, a m 0 � o Z as U o cr) 0 E m a.= o O 3 m .c J o) 3 m 0) Z O O O O O O O m .� O O O O O O V CA U3 N O W M t r r r U _ s FIGURE 9 80 i 1 APPENDIX A FUTURE RESOURCES SECTION i I . RESOURCES TO WHICH CITY IS COMMITTED A. Whiskeytown B. San Juan C. COTP 'I D. BPA Power Purchase Contract II . RESOURCES UNDER ACTIVE CONSIDERATION A. Spring Creek Pumped Storage Project B. Generic IPP C. Lake Red Bluff D. Pacific Northwest Generic Purchases E. Mead-Phoenix Transmission Line Project F. Mead-Adelanto Transmission Line Project G. Adelanto-Lugo Transmission Project H. Palo Verde-Devers Transmission Line No. 2 i I i I i Draft: EDC Recommended: 2/7/91 rc/r/9 1 i I I .A. WHISKEYTOWN HYDROELECTRIC PROJECT ! Location: At the USBR Whiskeytown Dam on Clear Creek, in Shasta County, California. Status: Started operation on January 16, 1986 . Physical: Project size . 65 acres Powerhouse size 36 ' x 43 ' Number of units one Type of turbine horizontal Francis Size of generator 4,600KVA Head 239 ' Maximum powerhouse flow 195 cfs ' Power Output: Operational date January 1986 Maximum capacity 3 . 24MW Summer dependable capacity 0. 8MW Average annual generation 8,200, 000kWh Average annual oil savings 15, 000 barrels Costs: Development costs $ 250,000 j Civil and mechanical $3 ,950, 000 1 Environmental mitigation -0- - Total capital cost (does not include financing costs) $4,200,000 Average net cost through FY90 (mills/kWh) ( includes financing costs) 60 i i I i i 4 i Draft: EDC Recommended: 2/7/91 rc/r/9 2 I i I .B. SAN JUAN PROJECT In November 1982 , M-S-R purchased an option on 28 . 80 of San Juan ! Unit No. 4 located in New Mexico, which represents approximately 143MW of the 498MW net Unit No. 4 generation. The City has a 15% share of the 143MW which is equal to about 21. 5MW. The San Juan arrangements are fairly complex and provide for a number of services and benefits. 1 M-S-R and the Tucson Electric Power Company (TEP) entered into an Interconnection Agreement (Agreement) which provides for the exchange of M-S-R capacity and energy at the San Juan Generating Station for TEP capacity and energy at the Arizona Palo Verde Switchyard or the Westwing Switchyard. The Agreement also provides the terms of the sale of energy by TEP to M-S-R through 1995. M-S-R and Public Service Company of New Mexico (PNM) executed an Early Purchase and Participation Agreement (EPPA) on September 26, 1983 . The terms of the EPPA provided for the transfer of the 28. 8% Ownership Interest in San Juan Unit No. 4. The transfer was completed on December 31, 1983. The EPPA also provides for the sale of 73 . 530, approximately 105MW, of M-S-R' s capacity and associated energy from San Juan Unit No. 4 during the period beginning with the transfer of the Ownership Interest through April 30, 1995. If M-S-R elects not to use or sell to others the approximately 38MW uncommitted share of San Juan Unit No. 4, the Public Service Company of New Mexico (PNM) will market the 38MW for M-S-R until 1995. Only interruptible transmission will be available to M-S-R prior to the mid-1990s. M-S-R plans to have firm transmission in place by April 30, 1995 when the EPPA expires. Expected power delivery date 1995 Maximum capacity at Redding 19. 2MW Summer dependable capacity 19. 2MW Average annual generation 130 , 000 , 000 kWh Average annual oil savings 235, 000 Approximate first year costs (mills/kWh) 95 i i I I 1 i 1 Draft: EDC Recommended: 2/7/91 rc/r/9 3 I I a 1 � • I .C. CAL• IFORZNIA-OREGON TRANSMISSION PROJECT (COTP) Total Capacity/ (Available to City) : 1600MW/ + ( ( 43 . 3MW) i Project Cost 1990 $/ (Cost to City) : $405 ,000,000/ ( $12, 000,000) Date of completion: 1993 Location: From a point near Malin, Oregon to Tracy, California i ' Comments. The linewould open up purchase opportunities with the Pacific Northwest. Construction began in October 1990. The project manager is the Transmission Agency of Northern California (TANG) . Redding is a member of TANC and M-S-R, both of which may incur additional costs associated with certain improvements to PG&E' s system. The improvements are known as the Los Banos-Gates (LB-G) Project. Neither TANC nor M-S-R will have ownership interest in LB-G, but will receive firm bidirectional transmission service ' between Midway Substation and Tesla Substation. i I Draft: EUC Recommended: 2/7/91 rc/r/9 4 I .D. BONNEVILLE POWER ADMINISTRATION CONTRACT Description: In October 1989, M-S-R entered into a contract with the Bonneville Power Administration (BPA) to buy firm capacity and energy from the Pacific Northwest. The contract begins when the COTP is completed, and deliveries will be made using this new line. The contract will terminate 20 years after completion of the COTP. Expected Delivery Date: 1993 Amount of Power: Redding' s share of capacity and energy under the contract is: Maximum Minimum Maximum Capacity Energy Energy Through July 1996 15MW 65.7GWH 107 . 5GWH After July 1996 22. 5MW 98. 6GWH 159.7GWH Cost: The contract rates are based upon BPA' s surplus firm power rates as filed with FERC. The estimated beginning rates are approximately $5.75/kW-mo, take or pay, for capacity and 30 mills/kWh for energy. These rates are expected to escalate annually with an average compound growth rate of 6%. Exchange Provisions: As required under the contract, BPA has the right to convert the agreement from a firm sale to an exchange when the Pacific Northwest reaches a load and resource balance and surplus firm energy is no longer available. Under the exchange, no monetary payments are made. Instead, M-S-R would receive peaking capacity in the summer. Any energy used by M-S-R with the peaking capacity would be returned to BPA within 24 hours during the off-peak hours. In exchange for the summer peaking capacity, M-S-R would provide BPA energy in the winter based on an exchange ratio of 1200 MWH/MW spread out in equal weekly increments. The amount of capacity available to Redding will not change when or if the contract converts to an exchange. i Draft: EOC Recommended: 2/7/91 rc/r/9 5 1 i II .A. PROPOSED SPRING CREEK PUMPED STORAGE PROJECT Location- On Spring Creek, west of Keswick Reservoir, Shasta County, California. Status: " The FERC license application was filed on May 31, 1989. Supplemental information was filed in November 1989 and February 1990. FERC rejected the City' s license application on July 6 , 1990. The City appealed FERC' s decision one month later and this appeal is still pending. FERC' s action on the City' s appeal is expected in the spring of 1991. Physical: Project size 2,612 acres Powerhouse size Underground cavern 501W x 901H x 2201L Number of units Three Type of turbine Francis reversible pump/turbine Size of generators 58MVA Head 1 ,155 ' Maximum powerhouse Flow 1,200 cfs Power Output: Expected operational date 1995 i Maximum capacity 100MW Summer dependable capacity 100MW Average annual generation* N/A ! Average flow-through generation 14GWH Costs: ( 1995 Dollars) Permit process (to date) $ 1,200,000 Total cost for permit process (est. ) $ 1,700,000 Civil and mechanical $104,400,000 Total capital cost $206,100, 000 ' Approximate Cost ( $/kW) $2, 057 r Miscellaneous: a ( 1) Cost provided in draft FERC license application as prepared by j Black & Veatch. Pumped storage projects use more energy to pump than they produce. Draft: EUC Recommended: 2/7/91 ' rc/r/9 6 ! II .B. GENERIC INDEPENDENT POWER PROJECT Location• In or near Redding, in Shasta County, California. Status• r Several proprietary negotiations are ongoing. Physical: Project size 50-75MW Number of units 2-4 Size of boilers N/A Size of turbine generator N/A Power Output: Expected operational date 1993 j Maximum capacity 75MW Average Annual Generation 150,000, OOOkWh Average annual oil savings 274 ,000 barrels Costs: ( 1985 dollars) Permit process (to date) $ N/A Total cost for permit process (est. ) $ N/A Civil & mechanical $ N/A Approximate 1st-year cost (mills/kWh) 40-80 Miscellaneous: I N/A - Not available at this time. I i I I i I i I Draft: EDC Recommended: 2/7/91 rc/r/9 7 1 II .D. PROPOSED LAKE RED BLUFF HYDROELECTRIC 'PROJECT Location: At the existing Red Bluff Diversion Dam on the Sacramento River, in Tehama County, California. Status: On May 23 , 1990 , FERC' s Director of the Office of Hydropower Licensing issued an order denying Redding' s licensing application for the subject project, stating the project is inconsistent with 1 fish and wildlife management efforts in the area. Redding appealed this order on June 22, 1990 on both substantive and procedural grounds. This matter is currently under review at FERC and a decision is not expected until mid-1991. Physical- Project size 40 acres Powerhouse size 70 ' X 150 ' Number of units two Type of turbine Kaplan bulb Size of generators 4 , OOOkVA 1 Head 11 ' Maximum powerhouse flow 9,000 cfs Power Output: Expected operational date 1999 Maximum capacity 8MW Summer dependable capacity 4MW Average annual generation 47, 400,000kWh Average annual oil savings 86,000 barrels Costs: ( 1987 dollars) Permit process (to date) $ 450,000 ? Civil and mechanical $28 ,850 , 000 Environmental mitigation $ 7, 000 , 000 Total capital cost $36,300, 000 w Approximate 1st-year cost (mills/kWh) 104 , Miscellaneous: ( 1) Project' s power production curve closely follows City' s load curve. ( 2) Cost estimates provided in a 1983 report from Sverdrup & Parcel. I Draft: EUC Recommended: 2/7/91 rc/r/9 8 i II.E. PACIFIC NORTHWEST GENERIC PURCHASES Discussion: With the completion of the COTP, Redding will have access to three 500kV transmission lines to the Pacific Northwest to wheel power in addition to that provided by the BPA contract. If Redding leaves approximately one-third of its COTP capacity available for spot or non-firm opportunities, all firm deliveries could be delivered even if one of the transmission lines were to be taken out of service. Firm Power: Power from the BPA contract will not utilize two-thirds of d Redding' s COTP allocation. Approximately 7. 5MW of additional transmission capacity will be available to support firm power a purchases. Preliminary discussions are currently taking place with Pacific Northwest utilities interested in serving this need. It is anticipated that firm power might be obtained at beginning rates of approximately $7/kW-mo for capacity and 30 mills for energy when power deliveries are expected in 1993 . ' Non-Firm Power: Other than planning for transmission line outages, there is another good reason for reserving approximately 14MW (one-third of Redding' s COTP transmission capacity) for spot or non-firm opportunities in the Pacific Northwest. There is a very active market in which utilities in the Western United States buy and sell, occasionally for very attractive rates, spot energy on a day- to-day or hour-to-hour basis. It is also possible to sign a contract with someone to make an amount of non-firm energy available over some period of time at rates reflecting the non-firm market. Preliminary discussions are currently taking place with iPacific Northwest utilities who may be interested in guaranteeing non-firm energy sales. Alternatively, Redding may not enter the spot market until the COTP is completed. Costs: It is anticipated that spot energy can be obtained at rates beginning near 18 mills/kWh when power deliveries are expected in 1993 . I II� Draft: EUC Recommended: 2/7/91 rc/r/9 9 i 1 II .F. MEAD-PHOENIX TRANSMISSION LINE PROJECT' Total Capacity/(available to City) : 1 ,300MW/ ( 22 . 5MW) Project Cost ( 1990 $ ) / (cost to City) : $325,000 , 000/ ( 5 , 625,000 ) Date of Completion: 1/1/95 Location: Between Phoenix, Arizona and Southern Nevada Comments. 1 The City is a participant via its participation in M-S-R. The City would be entitled to use 15% of M-S-R' s capacity share in the j project. I II.G. MEAD-ADELANTO TRANSMISSION PROJECT Total Capacity/ (Available to City) : 1, 200MW/ ( 31. 5MW) Project Cost 1990 $/ (Cost to City) : $224,000, 000/( $5,880,750) Additional liability for system modification to SCE' s system: $80,000,000 to $120, 000,000 Project Cost 1 Additional liability to City: $900,000 to $1, 350,000 Date of Completion: 1/1/95 Location: Between Southern Nevada and the Los Angeles area `. Comments: This project was developed as an alternative to the McCullough- Victorville Project which is no longer under consideration. The City is participating in the development of this project through M-S-R and would be entitled to use 15% of M-S-R' s capacity share in the project. i Draft: EUC Reco®ended: 2/7/91 rc/r/9 10 I 1 . II .H. ADELANTO-LUGO TRANSMISSION LINE PROJECT Total Capacity/ (Available to City) : 2 , 000 MW/ ( 31 . 5 MW) Project Cost ( 1990 $/Cost to City) : $30 ,000,000/ ( $465, 000) Date of Completion: 1/1/95 Location: Between Adelanto Substation and Lugo Substation, generally northeast of Los Angeles, CA Comments j This Project is necessary to connect the Mead-Adelanto Transmission 1 Project with Southern California Edison' s system. II .I . PALO VERDE-DEVERS TRANSMISSION LINE NO. 2 Total Capacity/ (available to City) : 1 ,200MW/ ( 22. 5MW) Project Cost ( 1990$ ) /(Cost to City) : $251, 000, 000/ ( 4,706 , 360) Date of completion: Uncertain (Probably { Post 1997) iLocation: Between Phoenix, Arizona and the Los Angeles area Comments: The date of completion is uncertain due to CPUC conditioning SCE' s CPCN on SCE dropping plans to merge with San Diego Gas and Electric or undergoing a re-evaluation of need. CPUC staff indicated 1993 or more probably 1997 as an in-service date. The City is participating in the development of this project through M-S-R and would be entitled to use 15% of M-S-R' s capacity share in the project. i i Draft: EDC Recommended: 2/7/91 rc/r/9 1 1 APPENDIX B ACRONYMS i ACRONYM LIST ACID Anderson-Cottonwood Irrigation District ACLM Air Conditioning Load Management (Program) APPA American Public Power Association BPA Bonneville Power Administration CCPA Central California Power Agency CEC California Energy Commission CFM Common Forecasting Methodology CMUA California Municipal Utilities Association COTP California-Oregon Transmission Project CVP Central Valley Project DWR Department of Water Resources ECLM Energy Conservation/Load Management FERC Federal Energy Regulatory Commission GWH Gigawatthour IOU Investor-Owned Utility (e.g. , PG&E, SCE) IPP Independent Power Producer i KGRA Known Geothermal Resource Area KWH Kilowatthour LADWP Los Angeles Department of Water & Power LOLP Loss of Load Probability MID Modesto Irrigation District M-S-R Modesto-Santa Clara-Redding Power Agency MSW Municipal Solid Waste MW Megawatt NCPA Northern California Power Agency PG&E Pacific Gas & Electric Company PP&L Pacific Power & Light Company PURPA Public Utility Regulatory Policy Act PUC Public Utilities Commission RCS Residential Conservation Service SCE Southern California Edison Company SDGE San Diego Gas and Electric Company { SMUD Sacramento Municipal Utility District SPLM Swimming Pool Load Management (Program) STEP Shave the Energy Peak (Program) TANC Transmission Agency of Northern California USBR U.S. Bureau of Reclamation WAPA Western Area Power Administration I