Title
IRP Presentation by FTI Consulting
(Presenters will be Fengrong Li, Ken Ditzel, and Mitch DeRubis)
Recommended Action
BPU to review FTI's presentation, receive public comment, and provide a consensus statement of feedback to be integrated into the 2022 Integrated Resource Plan Final Report.
Staff Recommendation
DPU is seeking BPU discussion and feedback on the Integrated Resource Plan portfolio analysis, findings, and pivot strategies that account for actual load, market conditions, and generation resource bids in the acquisition of 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 finalizing the 2022 IRP to help guide near-term and long-term decisions for meeting the 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 IRP considers BPU's carbon neutral electric provider by 2040 policy, and President Biden's Executive Order directing that LANL achieve 100 percent carbon pollution-free electricity on a net annual basis by 2030. In May of 2021 BPU and County Council approved a contract with FTI for the development of an IRP. FTI is now presenting the IRP findings to BPU. This presentation will cover the following material:
1. What is an IRP?
2. Description on the structured IRP process
3. WECC and New Mexico power market assessment
4. New resource considerations
5. Capacity expansion and portfolio construction results
6. Portfolio assessments and stochastic simulations
7. Preferred portfolio and pivot strategies
The IRP final report will guide the acquisition of the County’s future electricity ge...
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