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2.4. ERMUSR 03-13-2013 Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Troy Adams, P.E. —General Manager John Dietz—Chair Daryl Thompson—Vice Chair Al Nadeau—Trustee MEETING DATE: AGENDA ITEM NUMBER: March 19, 2013 2.4 SUBJECT: Diesel Power Plant Capacity Agreement Amendment with Great River Energy BACKGROUND: Included in our current interconnection agreement with United Power Association (UPA), now Great River Energy(GRE), is a power transaction agreement to purchase the generating capacity from ERMU's Diesel Power Plant. This power transaction agreement has been modified since the original agreement, most recently in 2003. The revisions to the agreement occurred on October 31, 2003. These revisions established the agreement to be on an"evergreen" basis with an October 31 termination date and an April 1 termination notice date. The agreement established the capacity credit at $2.75/kW month. Typically our agreement with GRE results in capacity credit payments of approximately $350,000 annually. On March 28, ERMU received notice that GRE wanted to reevaluate the current agreement's fixed capacity credit. At the October Utilities Commission meeting, staff was directed to allow the existing contract to expire and start exploring other options. Due to some positive last minute discussions with GRE, an understanding was reached in regards to concerns that ERMU has about yet unknown environmental regulations and that GRE has about changes to the Midwest Independent Transmission System Operator(MISO)planning calendar. In respect to these issues, both parties agreed to and have executed an additional extension establishing a new termination date of May 31, 2013. These new provisions took effective January 1, 2013. The capacity payment would be at $0.20/kW-month, substantially lower than the previous contract. This amendment was executed to extend the amended agreement and allow for ERMU analysis of required emission upgrade requirement until after the Environmental Protection Agency (EPA) issued their final ruling on the National Emissions Standards for Hazardous Air Pollutants for Reciprocating Internal Combustion Engines, or the "RICE Rule." This ruling was issued in the Federal Register on January 30, 2013, and is available for your reference at your request. There were also concerns with inconsistences in definitions of emergency generation between the EPA and the MISO that needed to be analyzed. • PBIIEREl BI Page 1 oftNATURE Reliable Public Power Provider P o w r,r o T o SrRvr DISCUSSION: The final ruling from the EPA resulted in an expansion in the definition and the qualifications of emergency generation. In this rule, those engines that meet the emergency qualification are not required to make the emission upgrades because of their very limited run time per year. Under this final ruling, ERMU's engines can qualify as emergency generation if they run for fewer than 100 hours per year. To not conflict with the EPA definition of emergency generation, ERMU can qualify as emergency generation in MISO through our agreement with GRE by defining these generation units as Behind the Meter Generation(BTMG) in MISO's Module E and utilizing the units as Local Resource Zonel Zonal Resource Credits (ZRC) for resource adequacy compliance. By extending the agreement with GRE and having ERMU's engines continue to be registered as BTMG in MISO's Module E allows ERMU to be grandfathered in under the current interconnection agreement. To cancel this agreement may require ERMU to conduct an interconnection study with MISO to register at a later day. The execution of this amendment also allows ERMU to receive some compensation for resource capacity and energy, delay costly investment in emission upgrades, allow additional time for analysis, and keep the avenues of communication open with GRE. Due to filing deadlines with MISO, an amendment to reflect this additional definition has been drafted and executed by management. This amendment to the agreement extends the capacity payments as defined in the most recent amendment through the next MISO planning year,June 1, 2013 through May 31, 2014. In addition, this amendment also included provisions for energy payments and annual Generator Verification Test Capability (GVTC) run costs. This amendment will shift the "evergreen"renewal provisions of the original agreement to align with the MISO planning year. This agreement will be reviewed by ERMU and GRE in fall of 2013 prior to the evergreen renewal. This will allow for a reassessment of the agreement provisions. ACTION REQUESTED: Staff recommends the Commission receive the executed Capacity Credit Agreement Amendment Letter. ATTACHMENTS: • Capacity Credit Agreement Amendment Letter—dated March 6, 2013 POREREI I1 Page 2 of 2 INATURE� Reliable Public' Power Provider POWERED To SERVE GREAT RIVER ENERGY" 12300 Elm Creek Blvd•Maple Grove,Minnesota 55369-4718.763-445-5000•Fax 763-445-5050•www.GreatRiverEne rgy.com March 6, 2013 Mr. Troy Adams Utilities Director Elk River Municipal Utilities 13069 Orono Parkway, P.O. Box 430 Elk River, MN 55330-0430 Dear Troy: The purpose of this letter is to amend the current contract for the sale of capacity and energy by Elk River Municipal Utilities (ERMU) to Great River Energy (GRE). The contract was originally dated May 1, 1988, and has been supplemented and amended a number of times, most recently on October 29, 2012. This amendment is intended to revise the annual term of the agreement to align with the MISO Planning Year and to enable GRE to continue registering the active units as capacity resources utilized by GRE within the Midwest Independent Transmission System Operator's (MISO) Module E for resource adequacy ("Module E"). By returning one copy of this letter, signed by you and Jon Brekke, the following amendments to the existing contract will take effect immediately. 1. Term: This amendment will change the annual term of the agreement to June 1 through the following May 31 to align with the MISO Planning Year beginning with the term of June 1, 2013 through May 31, 2014. This agreement will continue to renew on an "evergreen" basis unless either party provides written notice by December 31 to terminate the agreement on May 31 of the following year. 2. ERMU Generation: The contract applies to the following diesel-fueled peaking generation units located in Elk River, Minnesota and owned and operated by ERMU: Unit Status Installed Capacity Unforced Capacity Zonal Resource (ICAP) (UCAP) Credits(Zone 1) 1 Inactive 550 kW 0 kW 0 kW 2 Inactive 500 kW 0 kW 0 kW 3 Active 3,000 kW 3,000 kW 3,000 kW 4 Active 5,400 kW 5,400 kW 5,400 kW ERMU/GRE March 6, 2013 Page 2 3. Operations. Testing. Reporting and Environmental Compliance: GRE will have the right to report the active units as Behind the Meter Generation (BTMG) in MISO's Module E and utilize the active units as Local Resource Zone 1 Zonal Resource Credits (ZRC)for resource adequacy compliance. a. The UCAP ratings will be updated by GRE as needed to reflect all MISO rules and adjustments applicable to the active units including the quarterly results of the Generating Availability Data System (GADS) report as provided by ERMU to GRE, which must also satisfy MISO reporting requirements. b. ERMU must also provide GRE with the annual Generator Verification Test Capability (GVTC) results no later than October 1 of each year. ERMU is solely responsible for the operation, maintenance, testing and environmental compliance of all four generation units and shall have the right to operate the units at any time provided that such operation: c. Shall not conflict with any provision of any electric supply contract between Connexus Energy and ERMU; and d. Shall not be used to reduce ERMU's electric load during GRE's monthly capacity billing peak hour. ERMU shall use prudent utility practice to ensure the active units are available for operation during the entire MISO Planning Year. ERMU shall be obligated to operate the active units as directed by MISO to GRE for up to five separate 4-hour periods during the months of June through September of each Planning Year, or as required by MISO for BTMG resources used for resource adequacy reporting. The active units must be started as soon as possible, but no later than four(4) hours, after GRE notifies ERMU to start. 4. Capacity payment: For the active units that GRE is able to register as capacity resources in MISO's Module E, GRE will pay ERMU a capacity payment each month that is equal to the sum of the then effective ZRC amounts multiplied by $0.20/kW-month. 5. Energy payment: Prior to the start of each month, ERMU will provide written notice to GRE of the estimated production cost per kilowatt-hour ($/kWh) for the active units during the month ("Energy Price"). ERMU may revise such Energy Price any time within the month upon written notice to GRE, provided such revision shall only apply to energy production occurring more than two (2)days after such notice is received by GRE. a. GRE shall pay ERMU 110% of the effective Energy Price multiplied by the actual energy (kWh) produced by the active units during times when operation is requested by GRE, and for one GVTC test each calendar year. b. ERMU shall be responsible for and pay all costs associated with owning and maintaining the units, including the cost of other testing, and operation not required for testing. 6. MISO capacity markets: GRE shall have the right to offer the active units into any current or future MISO capacity markets and retain any revenue received related to the participation of the active units in such capacity markets. 7. MISO energy and ancillary services markets: None of the units are currently eligible to participate in MISO's energy markets or ancillary services markets and will not be offered into these markets during the term of this agreement. The parties agree to discuss additional amendments to the contract in the event that any units become eligible to participate in these MISO markets. ERMU/GRE March 6, 2013 Page 3 8. All other terms and conditions of the contract, as amended, will remain in effect as currently written. { Sincerely, GREAT RIVER ENERGY ELK RIVER MUNICIPAL UTILITIES Jon Brekke Troy dams Vice President, Member Services Utilities Director