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Technical Briefing

FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR. Technical Briefing. FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR. Similkameen

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Technical Briefing

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  1. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Technical Briefing FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR Pacific NW Project-05-2013

  2. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Similkameen Hydro Project: • Near Princeton, B.C • Similkameen River to Okanagan River to Columbia River • Reservoir Storage Project, 154,000 acre-ft. Live Storage. • “Rimrock-Like” Project (Tieton River, WA). Princeton, BC BC WA Pacific NW Project-05-2013

  3. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Water Demand-Mitigation Columbia River Water Supply Programs • New WA and OR Columbia River Water Rights Legislation and Mitigation Agreements. • Demand and Mitigation Strategy For: • 77,000 a.f. WA. • 77,000 a.f. OR. Pacific NW Project-05-2013

  4. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Determining Water Market Value Mainstem-Irrigated Agriculture • Columbia River Basin: • Active Water Markets. • Capital Value. • $1,500/Acre-ft. • Annualized Value: • $145/acre-ft. • Downstream Value: • 154,000 acre-ft. • $231 Million. • 3) Western U.S.: • Water Markets. • $1,500-2,500/Acre-ft. • Municipal Sector • => $2,500/Acre-ft. Water Market Clearing Price Pacific NW Project-05-2013

  5. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Water Demand Profile (Curve) Total Volume 154,000 Acre-ft. July 546 cfs Pacific NW Project-05-2013

  6. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Financial Payment Structure • Office of Columbia River-WA • Requests Legislative Funding--Bonding Authority. • Water Resources Department-OR • Requests Legislative Funding—Bonding Authority. • Payment Strategy: • Capital Payment to • FortisBC. • Long-Term Amortization • 4) Legislative/Funding Process: • 2015-2017 Timeline. • Authorization/Allocation. Pacific NW Project-05-2013

  7. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR Signed MOU With OCR-WA and WRD-OR • Water Storage Contract: • Key Items for Contract: • Price $/Acre-ft. • $1,500/Acre-ft. • Total Demand. • 154,000 a.f. plus. • Demand Profile/Curve. • July-September? • Financial Structure • Capital Payment. • Amortization Period. • Contingencies? Pacific NW Project-05-2013

  8. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR FortisBC, Kelowna, BC Power Generation Engineering and Economics Pacific NW Project-05-2013

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