Title
Presentation of Integrated Resource Planning Efforts
Recommended Action
BPU to provide a consensus statement of final changes to be integrated into the 2021 IRP parameters and portfolios.
Staff Recommendation
DPU is seeking BPU discussion, feedback and consensus on the parameters and portfolios to use in developing the Integrated Resource Plan that will guide the acquisition of the County’s future electricity generation resources.
Body
The County has partnered with DOE-LANL since 1985 through the Los Alamos Power Pool (LAPP) Electric Coordination Agreement (ECA). LAPP plans for the electrical power needs of both parties by developing and maintaining a Power Supply Study, commonly referred to as an Integrated Resource Plan, or IRP. LAPP is currently developing a new IRP to help guide near-term and long-term decisions in multiple areas to plan for meeting the current and future power demands of the power pool in the most environmentally sustainable fashion while also considering the cost to the County citizens and to the Laboratory’s operation. The following paragraphs describe the purpose of the IRP, some details of the current IRP development project, and contextual factors that may influence LAPP’s future electricity generating resources.
The IRP is LAPP’s plan for meeting forecasted annual peak and energy demand, plus some established reserve margin, through a combination of supply-side and demand-side resources over a specified future period. The IRP compares the Levelized Cost of Electricity (LCOE) for generation resource options while also considering risks, sustainability, operational factors, reliability, and a diversified power generation resource portfolio. The IRP will evaluate a comprehensive range of demand-side and supply-side resources over the period 2021-2041.
In May of 2021 BPU and CC approved a contract with FTI for the development of an IRP. FTI is presenting the 50% project completion status. FTI will present to the BPU a review...
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