Title
Approval of the Carbon Free Power Project Amended Budget and Plan of Finance and Approval of an Increase to the Department of Public Utilities Authorized Funding for Phase 1 of the Combined Operating License Application Licensing Period.
Recommended Action
I move that the Board of Public Utilities approve the motions as stated below and forward to Council for approval.
I move that Council authorize, contingent on DOE Multi-Year funding, an increase to the DPU authorized funding for Phase 1 of the Licensing Period of $1.26 million ($1.05 million plus a 20% contingency of $210,000 to cover potential increases in Development Cost Share in the CFPP); and
I further move that Council authorize the Utilities Manager to reduce LAC’s Entitlement Share in the CFPP as needed to keep LAC’s Development Cost Share in the CFPP at or below $1.26 million for completion of Phase 1 of the Licensing Period; and
I further move that Council hereby authorize the Utilities Manager to, should the County’s remaining Phase 1 Development Cost Share exceed $1.26 million, submit a Notice of Withdrawal to the PMC pursuant to the Power Sales Contract notice requirements.
Staff Recommendation
Staff Recommends the Board of Public Utilities approve the motion as stated.
Body
Through DPU’s membership with the Utah Associated Municipal Power Systems (UAMPS), staff has been participating in the development of the Carbon Free Power Project (CFPP), which is a projected 720MW nuclear generating station to be built at the Idaho National Laboratory site using small modular reactor (SMR) technology. As it is being designed, the facility would house up to twelve SMRs developed by NuScale Power, one module is up rated at sixty megawatts of electric power for a total plant capacity of 720MW. The County’s share would be 11.186 MW.
On April 10, 2018 the Board of Public Utilities and the County Council approved a resolution authorizing and approving the Power Sales Contract with an Amended a...
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