1 Overview of the Open Solicitation Process for the New England Clean Power Link A Presentation by...
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1 Overview of the Open Solicitation Process for the New England Clean Power Link A Presentation by the Independent Evaluator For the Webex Information Session Vincent Musco [email protected] 202.296.5520 November 10, 2015
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Transcript of 1 Overview of the Open Solicitation Process for the New England Clean Power Link A Presentation by...
1
Overview of the Open Solicitation Processfor the New England Clean Power Link
A Presentation by the Independent EvaluatorFor the Webex Information Session
Vincent [email protected]
202.296.5520
November 10, 2015
REMINDERS
A. Submit questions to [email protected]
B. Please mute your phones
C. All questions posted on FAQ section of website
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OVERVIEW OF OPEN SOLICITATION
FERC-regulated sale of transmission capacity
Purpose: identify, in an open and transparent manner, the parties with whom TDI-NE will negotiate for transmission rights on the NECPL
Part 1: Identify parties for negotiations
Part 2: Negotiations with selected parties
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INTENT OF OPEN SOLICITATION
Intent is to fully subscribe NECPL
through the Open Solicitation
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REGULATORY BASIS
• NECPL is a “merchant” project
• Negotiated rate authority granted by FERC
• Condition: hold an Open Solicitation
• See March 10, 2014 FERC Order
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BOSTON PACIFIC’S ROLE
Boston Pacific’s roles include:
• Follow FERC-established guidelines
• Evaluate Expressions of Interest
• Ensure that the Open Solicitation is fair, transparent, and not unduly discriminatory
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HOW TO PARTICIPATE
1. Register at www.necplinkos.com
2. Submit non-binding “Expression of Interest” by December 4
If Selected:
3. Negotiate/Execute Precedent Agreement
4. Negotiate/Execute Transmission Service Agreement
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EXPRESSIONS OF INTEREST
• Due December 4, 2015 at 5:00 EST
• Required to be considered for negotiations w/ TDI-NE
• Non-binding
• Submission directions:
• Fill out in full
• Send to [email protected]
•Or, upload to www.necplinkos.com
•Access EOI at http://
www.necplinkos.com/docs/open-solicitation/NECPL-Expression-of-Interest-Form.pdf
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EXPRESSIONS OF INTEREST
Five Sections
I. Contact Information
II. Credit Information
A. Credit Rating
B. Tangible Net Worth
C. Additional Documentation (Optional)
III. Desired Features for Transmission Rights
A. Capacity (in MW)
B. Term
C. Start Date
IV. Statement on Ability to Advance New England Public
Policy Goals of GHGs Reductions and Supply Diversity
A. Additional Documentation (Optional)
V. Certifications8
EVALUATION PROCESS
Threshold selections based on:
1. Level of creditworthiness
2. Anticipated amount of reserved capacity (min 50 MW)
3. Anticipated length of term
4. Financial strength
5. Desired date for the commencement of transmission service
6. Ability to advance New England public policy goalspromoting greenhouse gas reductions and supply diversity
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TIMELINE
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Date DescriptionOctober 15, 2015 Open Solicitation BeginsDecember 4, 2015 Expression of Interest due (5:00 EST)December 18, 2015 Parties qualified for negotiations and notifiedJanuary 15, 2016 (estimated) Execution of all Precedent AgreementsJune 15, 2016 (estimated) Execution of all Transmission Service AgreementsJuly 15, 2016 (estimated) Filing at FERC disclosing results
QUESTIONS?
Now: Email [email protected]
After this information session, questions should be submitted to:
Vincent Musco [email protected] (202) 296.5520
Questions (and answers) will be added to FAQs
• See http://www.necplinkos.com/docs/open-solicitation/NECPL-OS-Public-FAQs.pdf
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