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Carbon Free Power Project Presentation by Mason Baker, UAMPS CEO & General Manager, Shawn Hughes, CFPP Project Director, and Bob Coward, Lead Owner's Engineer.
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At the end of 2022 NuScale delivered the class 3 project cost estimate to UAMPS and the CFPP project, and also delivered the Standard Design Application (SDA) for the 6-module plant configuration with a total capacity of 462MW. These are very significant milestones which have led to the completion of the following activities:
1. Evaluating the cost estimate by UAMPS and it's owner's engineers
2. Updating the CFPP financial model with the cost estimate data
3. Running the Economic Competitive Test (ECT)
4. Amending the Development Cost Reimbursement Agreement (DCRA)
5. Revising the Budget and Plan of Finance (BPF)
This revised BPF provides another contractual off-ramp for Los Alamos County to decide in February 2023 whether to continue participating in the CFPP. The next contractual off-ramp will be during the Combined Operating and Licensing Application (COLA) submittal decision, scheduled for December 2023.
Mr. Baker, Mr. Hughes and Mr. Coward will provide a short presentation covering the revised ECT, amended DCRA and BPF, and together with County Staff will answer Board questions.
The Department of Public Utilities plans to hold an Energy Town Hall on January 26 to engage with the community on future electric generation resources including CFPP.
BACKGROUND INFORMATION ABOUT THE CFPP
The CFPP design configuration that will be part of the Phase I Combined Operating and Licensing Application (COLA) submittal is the 6-module plant with a total capacity of 462MW. When the Board of Public Utilities and County Council voted in July 2021 to continue participating in the CFPP, the plant had a target levelized cost of electricity of $58/MWh in 2020 dollars. It was hoped that the 462MW plant configuration would allow for the project to get fully subscribed sooner and reduce ...
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