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Resolution E-4168 and E-4157

Southern California Edison (SCE) is seeking approval from the California Public Utilities Commission (CPUC) for contracts with a new wind facility (Granite Wind) and a new solar photovoltaic facility (FSE Blythe). Granite Wind results from SCE’s 2006 RPS Solicitation, and FSE Blythe results from the 2007 solicitation. Both contracts are priced at or below their respective market price referents and are crucially dependent on extensions of federal tax credits. The Energy Division recommends approval, with SCE required to report specific payments associated with these contracts to the Commission.

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Resolution E-4168 and E-4157

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  1. Resolutions E-4168 and E-4157 Southern California Edison (SCE) requests approval of contracts with a new wind facility and a new solar photovoltaic facility

  2. Resolution E-4168 and E-4157 • Granite Wind results from SCE’s 2006 RPS Solicitation and FSE Blythe results from SCE’s 2007 RPS Solicitation • Contract Price: • Granite Wind is at or below the 2006 MPR • FSE Blythe is at or below the 2007 MPR • Granite Wind is dependent on an extension of the federal production tax credit and FSE Blythe is dependent on an extension of the federal investment tax credit • Energy Division recommends approval of these PPAs without modifications

  3. Resolution E-4157 • SCE sought CPUC approval and recovery in rates of all payments under the FSE Blythe Contract • These payments are outside of the energy price • According to SCE’s 2007 Pro Forma Renewable PPA, these payments can include: • CAISO charges • Costs associated with environmental attributes, capacity attributes, and resource adequacy benefits • Simple interest payments on items such as development fees and performance assurance • Resolution E-4157 approves these payments, but requires SCE to report these payments to the Commission

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