Energy Independence Act (I-937) Conservation Report 2016
Utility
Peninsula Light Company
Summary of Achievement and Targets (MWh)
Report Date May 26, 2016
Contact Name/Dept Sharon Silver / Power Resources
Phone 253.857.1526
Email [email protected]
Target
2014-2015
Biennial
5,729
Achievement
Surplus (Deficit)
12,340
6,611
Target
2016-2017
Biennial
4,767
Planning
2014 - 2015 Planning
2016 - 2017 Planning
2014-2023 Ten
Year Potential
2014 - 2015 Target 2016-2025 Ten Year 2016 - 2017 Target
(MWh)
(MWh)
Potential (MWh)
(MWh)
28,645
5,729
23,835
4,767
Achievement
2014 Achievement
Conservation by Sector
Residential
Commercial
Industrial
Agriculture
Distribution Efficiency
Production Efficiency
NEEA
MWh
2,686
1,155
60
2,847
Conservation expenditures NOT included
in sector expenditures
Total
Utility
Compliance Year
2015 Achievement
Utility
Expenditures ($)
$464,197
$161,936
$8,070
Utility
MWh
Expenditures ($)
1,955
$385,095
737
$221,228
2,900
$191,849
6,748
Note: Expenditure
amounts do not
include any
customer or other
non-utility costs.
$826,052
$185,969
5,592
$792,292
Peninsula Light Company
2016
Notes, including a brief description of the methodology used to establish the utility's ten-year potential and biennial target to capture cost-effective
conservation:
For the compliance years 2014 - 2015, Peninsula Light Company (PLC) utilized the Northwest Power and Conservation Council's 6th Plan Modified
Calculator approach. PLC chose the Modified Calculator option to determine its Conservation potential as this approach allows it to more closely reflect
the characteristics of its service territory. The Conservation Target Calculator is the starting point in determining a utility's Modified Calculator target.
Since the Conservation Target Calculator values are not based on any utility-specific information, the Calculator simply assigns a share of the Council’s
overall assumption of regional conservation potential to each utility in proportion to that utility’s percentage of regional electric sales. The Modified
Calculator option permits a utility to adjust the Conservation Target Calculator values by using specific service area assumptions.
The Conservation Target Calculator produces an initial ten-year potential for PLC of 12.079 aMW and a biennial target of 2.416 aMW. By then applying
the Modified Calculator methodology, PLC has identified its ten-year potential as 3.271 aMW and its 2014 - 2015 biennial target as 0.654 aMW.
For compliance years 2014 - 2015, PLC held a public meeting on November 14, 2013 to hear and consider staff proposals and public comment regarding
the adoption and implementation of achievable conservation targets as required by RCW 19.285. PLC adopted its 2014 - 2015 targets by action of its
Board of Directors via Resolution 2013-08 at its public meeting held on November 14, 2013.
Energy Independence Act (EIA) Renewable Energy Report 2016
Utility
Report Date
Utility Contact Name/Dept
Phone
Email
Loads and Resources
2014 Annual Load (MWh)
2015 Annual Load (MWh)
570,046
553,560
Average of 2013 & 2014 Annual Loads (MWh)
2016 Renewable Target (% of load)
2016 Eligible Renewable Energy Target (MWh)
Eligible Renewable Resources and RECs
561,803
9%
50,562
50,562
Peninsula Light Company
May 26, 2016
Sharon Silver / Power Resources
253.857.1526
[email protected]
2016 Compliance Method:
Expenditures on Renewable Resources and RECs - 2016
Amount invested in incremental cost of eligible renewable resources and the cost of RECs
Total annual retail revenue requirement - 2016
Investment in renewables and RECs as a percent of retail revenue requirement
RPS Target [RCW 19.285.040(2)(a)]
Resource Cost [RCW 19.285.050]
No Load Growth [RCW 19.285.040(2)(d)]
Water
Eligible Renewable Resources (MWh)
-
Renewable Energy Credits
Total Renewables (MWh+RECs)
-
Wind
Solar
Geothermal
Landfill Gas
Wave,
Ocean, Tidal
Gas from
Sewage
Treatment
Biodiesel
Biomass
Qualified
Biomass
$203,549
$53,321,716
0.4%
Apprentice
Labor Credit
Distributed
Generation
Credit
-
-
-
-
-
-
-
-
-
-
42,733
-
-
-
-
-
-
-
-
7,829
-
42,733
-
-
-
-
-
-
-
-
7,829
-
2016 Reporting Year:
This renewable energy report summarizes the eligible renewables resources and renewable energy credits (RECs) that the utility has acquired by January 1, 2016 for the purpose of meeting its Energy Independence Act
(EIA) renewables target for 2016. The actual resources and RECs used to comply with the 2016 EIA target may vary from those reported here. Utilities will report in June of 2018 on the actual results for 2016.
Compliance Methods:
The EIA provides three compliance methods for utilities:
-- Meet the renewable energy target using any combination of renewable resources and RECs. The target for 2015 is 3% of the util ity’s load
-- Invest at least 4% of the utility’s annual revenue requirement in the incremental cost of renewable resources and RECs.
-- Invest at least 1% of its annual revenue requirement in renewable resources and RECs. This option is available only to certain utilities that are not growing.
All utilities must report the renewable resources and RECs acquired for the 2016 target year. Utilities that elect to use a compliance method based on renewable investments must provide additional information
demonstrating compliance with that method. Refer to WAC 194-37-110(2) and (3) for specific requirements.
NOTE: This is a general explanation of the renewable energy requirements of the Energy Independence Act, intended to help members of the public understand the information reported by the utility. Consult Chapter 19.285
RCW and Chapter 194-37 WAC for details.
Utility
Compliance Year
Renewable Resources
Facility Name
WREGIS ID
Resource
Type
Apprentice
Labor
Eligibility
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Peninsula Light Company
2016
Generation
Amount
(MWh)
Apprentice
Labor
Amount
(MWh equiv.)
-
Explanatory Notes (as needed)
Utility
Compliance Year
Renewable Energy Credits
Facility Name
Condon Wind Power Project
Condon Wind Power Project- Phase II
Klondike III- Klondike Wind Power III LLC
Klondike I- Klondike Wind Power LLC
Stateline(WA)- FPL Energy Vansycle LLC
Harvest Wind
WREGIS ID
W774
W833
W237
W238
W248
W1306
REC
Vintage
(Year)
2015
2015
2015
2015
2015
2015
Resource
Type
Wind
Wind
Wind
Wind
Wind
Wind
Peninsula Light Company
2016
Apprentice
Labor
Eligibility
Distributed
Generation
Eligibility
No
No
No
No
No
Yes
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Quantity
RECs
359
418
975
475
1,362
39,144
Apprentice
Labor
Amount
MWh equiv.
7,829
-
Distributed
Generation
Amount
MWh equiv.
-
Explanatory Notes (as needed)
Utility
Compliance Year
Peninsula Light Company
2016
Other notes and explanations:
The calculation of the percentage of the revenue requirement invested in renewable energy credits takes the cost of RECs divided by the 2016 annual retail revenue requirement.
Project
# of RECs
Price Per REC Total
Harvest Wind 39,144
$ 5.20
$203,548.80
Energy Independence Act (EIA) Incremental Cost and REC Cost Report 2016
Incremental Cost of Renewable Resources
Utility
Peninsula Light Company
Compliance Year
Facility Name
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Totals
WREGIS ID
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
MWh
-
Renewable
Resource Annual
Cost in 2016
2016
Renewable
Resource Cost
per MWH
Description of Substitute Resource
Substitute
Resource Annual
Cost in 2016
Substitute
Resource
Cost per
MWH
Incremental Cost of
Renewable
Resource in 2016
$0
$0
$0
Cost of Renewable Energy Credits
Utility
Peninsula Light Company
Compliance Year
Facility Name
Condon Wind Power Project
Condon Wind Power Project- Phase II
Klondike III- Klondike Wind Power III LLC
Klondike I- Klondike Wind Power LLC
Stateline(WA)- FPL Energy Vansycle LLC
Harvest Wind
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
WREGIS ID
W774
W833
W237
W238
W248
W1306
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
REC
Vintage
(Year)
2015
2015
2015
2015
2015
2015
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Number of
RECs
359
418
975
475
1,362
39,144
-
2016
Annual Cost of
Renewable
Energy Credits
$0
$0
$0
$0
$0
$203,549
$203,549
Cost per
REC
0
0
0
0
0
5.20
Documentation of the calculation and inputs for percentage of revenue
requirement invested in renewables:
The calculation of the percentage of the revenue requirement invested in
renewable energy credits takes the cost of RECs divided by the 2016 annual
retail revenue requirement.
Project
# of RECs
Price Per REC Total
Harvest Wind 39,144
$ 5.20
$203,548.80