Title
Draft Resolution - Cooperative Solar Rate Option Tariff Amendment - I Sterzing
Other Info
Submitted By: Ingmar Sterzing
Department: Power Supply and Energy Services
Financial Impact and Cost/Benefit Considerations:
Cooperative Members that subscribe to the Cooperative Solar Rate option will be charged for their solar energy share at a fixed rate that is established based on the Cooperative's costs and benefits of the associated energy. Any additional benefits realized by the associated solar projects shall be retained by PEC and allocated to the Cooperatives Cost of Power. The virtual net metering for the Cooperative Solar Rate option only offsets usage associated with TCOS and Power Costs, and therefore, does not have any impact on PEC's recovery of costs or margins associated with PEC's distribution system and operations.
Discussion
On December 7, 2015 the PEC board passed a resolution ("Member and Community Solar Power Purchase Agreements") authorizing the development and acquisition of up to 15 MW electric capacity, energy and other related products from renewable solar photovoltaic distributed generation located within the Cooperative's service territory to reduce exposure to higher cost peak power pricing, mitigate the Cooperative's Transmission cost exposure, and provide solar capacity and energy to use for a member rate option. The Cooperative has successfully executed a sufficient number of distributed solar project Power Purchase Agreements (PPAs) and verified the technical requirements of the Cooperative's metering and billing systems to propose and establish a Cooperative Solar Rate option.
The Cooperative Solar Rate option will allow eligible PEC members to subscribe to a share of the available solar capacity and energy. The member's solar energy share will determine, on a percentage basis, the energy output of the total solar energy output that will be allocated to the member based on actual production. The solar energy share al...
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