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State IOUs Procurement Plans

State IOUs Procurement Plans. Public Utilities Commission Presentation to Senate Energy, Utilities and Communications Committee January 28, 2003. Short and Long-term Procurement Plans.

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State IOUs Procurement Plans

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  1. State IOUs Procurement Plans Public Utilities Commission Presentation to Senate Energy, Utilities and Communications Committee January 28, 2003

  2. Short and Long-term Procurement Plans • Short-Term (2003) - Decision (D.) 02-12-074 approved procurement plans for each IOU for a 12 month horizon starting with January 1, 2003. • Long-Term (2004-2023) - IOUs are directed to file their long term procurement plans on April 1, 2003. An outline of the plan is due on Feb 3 for parties’ comments. • During 2003, the IOUs are authorized to consult with their respective review groups to hedge their net short or net long for the first quarter of 2004. California Public Utilities Commission

  3. Features of the IOUs’ 2003 Procurement Plans • 2003 plans reflect forecasts of load and resources for each IOU, and upfront standards and practices on how the IOUs plan to meet their load. • PUC will conduct periodic reviews to update load forecasts and plans to meet them. • The IOUs will manage their residual market open position by selecting among different procurement products such as negotiated bilaterals, inter-utility exchanges, physical swaps, short or long term options and swaps, transactions through ISO market (day ahead, hour ahead, real time). California Public Utilities Commission

  4. IOUs’ 2003 Open Position • On the aggregate, the IOUs are net long for most of 2003. • Net short positions for all three IOUs in 2003 is less than 5% of their total loads. • The adopted 2003 procurement plans reflect limited spot market transactions. • In the remaining 11 months of 2003, the IOUs will be short only one month. • The amount of net short position in that month for the IOUs is less than 7% of their total load. • The amount of net long in the remainder of 2003 for the IOUs, is within 3% to 12% of the IOUs load. California Public Utilities Commission

  5. Resource Availability • About 9800 MW of power is under RMR contract with the ISO. • Utility-owned-generation comprises about 12000 MW of capacity. • CDWR contracts comprise about 13000 MW of capacity. • Qualifying facilities (QFs) contribute up to 5600 MW of capacity. California Public Utilities Commission

  6. Resource Availability, continued • The above resources meet the load requirement of the IOUs except in some peak periods. • Energy purchases to meet the load in those peak periods is minimal. • The IOUs’ 2003 plans include a 7% operating reserve. California Public Utilities Commission

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