FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.
-
Upload
everett-eaton -
Category
Documents
-
view
214 -
download
1
Transcript of FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.
![Page 1: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/1.jpg)
1
FBC Resources
Dan Egolf
Manager, Power Supply & Planning
![Page 2: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/2.jpg)
2
FBC Resources• FBC-owned generation resources under the Canal Plant
Agreement (CPA)
• Brilliant Plant
• BC Hydro Power Purchase Agreement (PPA)
• Waneta Expansion
• Brilliant Expansion
• Regional power markets
• International Joint Commission Order for Kootenay Lake
• Columbia River Treaty potential impacts
• Climate change potential impacts to resources
![Page 3: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/3.jpg)
3
FBC Resource Portfolio
![Page 4: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/4.jpg)
4
FBC CPA Generation Resources
![Page 5: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/5.jpg)
5
FBC-Owned Generation CPA Resources
• Upgrade/Life Extensions completed for 12 of 15 units
• CPA started in 1976 - earliest it can terminate is Jan.1, 2036
• Entitlements will not change provided the generation is available to operate and the generation characteristics haven’t changed
• Not impacted by actual water flows
• Minimal ability to store water from month to month
• After Jan.1, 2036 it is much more likely that changes to entitlements could occur
![Page 6: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/6.jpg)
6
Brilliant Contract
• Brilliant Plant constructed as part of the WWII war effort
• Sold to CPC and CBT in 1996 with West Kootenay Power (FBC) taking a 60-year contract for power
• Potential price adjustment in 2026 depending on market conditions
• Power is take-or-pay
• Full CPA plant, but regulated flow benefit is about 60 GWh/yr
• Fully Upgraded/Life Extended
![Page 7: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/7.jpg)
7
Power Purchase Agreement with BCH
• Renewed in 2013 for 20 years
• 200 MW and 1,041 GWh of embedded cost power
• Additional energy at BCH LRMC
• Can nominate the energy up or down to respond to requirements
• Reliable and flexible reasonably-priced resource
• Terminates in 2033 - renewal is not certain
![Page 8: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/8.jpg)
8
Waneta Expansion
• Owned by Waneta Expansion Limited Partnership
• Began April 2015 for 40 years
• Renewal right for additional 40 years
• Capacity only, all energy is going to BCH
• Full CPA Plant
• Excellent regulating resource for a potential FBC renewable portfolio
• 50 MW RCA WAX Surplus Capacity sale to BCH for 10 years
• FBC/BCH seek to maximize overall provincial values
![Page 9: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/9.jpg)
9
Brilliant Expansion
• Owned by Brilliant Expansion Power Corporation
• Majority of power sold to BCH
• Full CPA Plant
• FBC small capacity and energy contract through 2017
• Power may become available at some time over the next 20 years
![Page 10: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/10.jpg)
10
Regional Power Markets
• Wind is maturing• Saturated• Forecasting and integration improving
• Solar is growing fast in southern US• Rooftop solar• Community solar
• Inverted market prices starting to occur
• FBC/Powerex CEPSA Agreement to Sep.30, 2018• All WAX surplus• All FBC market purchases• Guaranteed supply
![Page 11: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/11.jpg)
11
PNW Utilities Resources
PNUCC Northwest Regional Forecast (April 2015)
![Page 12: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/12.jpg)
12
International Joint Commission
• 1938 IJC Order
• Protects US farmers from higher water levels
• Rule curve ensures flood control benefits from Grohman Narrows Excavation
• Has never been seriously reexamined since 1938
• If it were to be reopened, the resultant order may impact FBC CPA entitlements
![Page 13: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/13.jpg)
13
Columbia River Treaty (CRT)
• Canada or US can terminate most provisions on or after Sep. 2024 with 10 years notice
• US has provided its recommendations on bringing greater economic and environmental benefits to the Northwest
• How or if the CRT changes is not yet determined
• Potential salmon restoration issues
![Page 14: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/14.jpg)
14
Climate Change Potential Impacts to Resources
• It is not well understood what the climate change impacts may be
• Issues with respect to generation resources are:• Timing of precipitation
• Not as serious unless more rainfall early Spring• Amount of precipitation
• If precipitation outside of freshet period is reduced, available energy is reduced
• FBC-owned plants are fairly small in size, reducing the impact
• Earlier freshets would likely mean less intense run-off as the days will still be short
• Not expected to potentially impact FBC entitlements until 2036
![Page 15: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/15.jpg)
15
Summary
• CPA could undergo revision in 2036, FBC expects there will be significant discussions up to 10 years before then
• Brilliant Contract price review in 2026 could increase costs
• PPA expiry in 2033
• RCA expires in 10 years - additional 50 MW will then be available
• BRX power may become available - if so, it is likely to be an opportunity that may not repeat for some time
• Solar power is gaining significant importance to the south and may grow into more northern latitudes in time
• Potential impacts to existing resources due to IJC and CRT
• Changing climate conditions impacts are not yet clear
![Page 16: FBC Resources 1 Dan Egolf Manager, Power Supply & Planning.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e015503460f94aea7d7/html5/thumbnails/16.jpg)
16
Questions?