1 / 15

Mass Government Finance Officers Assoc September 8, 2016

This agenda outlines an overview of Braintree Electric Light Department (BELD) and its Potter II repowering project. It discusses the components of BELD's budget, hedging plan, and anticipated benefits of the project, as well as obstacles to construction and the project schedule.

williamspatricia
Download Presentation

Mass Government Finance Officers Assoc September 8, 2016

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mass Government Finance Officers Assoc September 8, 2016

  2. AGENDA • Municipal Electric Utility Overview • Number / size • Local Control • Braintree Electric Business Model • Non-profit • Components of budget • Hedging plan • Potter II repowering project • Anticipated benefits • Obstacles to construct • Schedule

  3. 41 Municipal Utilities in Massachusetts Smallest 1MW, Largest 170 MWs 2,886,000 MWH or 13% of total in Mass

  4. BELD Organization • 100 Employees • 63 T&D, Admin • 25 Generation • 12 Broadband • $85 million annual budget • $25 million generation • $60 million T&D, Admin

  5. BELD Business • Vertically Integrated • 385,000 MWH with a peak of approx. 85 MW • Costs broken down into • Distribution • Energy • Transmission • Capacity

  6. Hedging Plan

  7. Transmission - RNS

  8. BELD Transmission Cost

  9. New England Capacity Costs

  10. BELD Capacity Cost* * If BELD did not have generation

  11. BELD’s Current Capacity Supply • BELD has a diverse capacity supply provided by their assets and contracts. BELD’s total obligation is 112 MWs. • Potter II – 68.6 MWs • Watson 1 & 2 – 31.6 MWs • Seabrook Station – 7.6 MWs • NYPA – 2.0 MWs • Contracted – 15.3 MWs • Total – 125.1* * BELD has surplus capacity and is paid for it by ISO-NE

  12. Potter II Repowering • Commercial Operation since 1977 • Enhanced Maintenance to get us to 2025 • Benefits • Repowered Potter II gives us a hedge against future volatile capacity prices • Efficient generation • Obstacles • Forward Capacity Auction • Construction Risk • Bonding

  13. NEW POWER PLANTSCHEDULE/MILESTONES • Permitting Ongoing Fall 2017 • Forward Capacity Auction Feb 2017 • RFP for gas turbine 2017 • RFP for EPC contractor 2017 • Engineering 2018 • Site prep 2018 • Construction 2019 – June 2020 • Commercial Operation June 2020

  14. Location of New Power Plant

  15. QUESTIONS ??

More Related