Oregon Public Utility Commission Acknowledges PGE Resource Plan
Energy efficiency to meet nearly half of new demand for electricity to 2020
"This represents a major milestone for PGE, our customers and Oregon's
energy future," said
The four-year resource acquisition plan targets:
-
All energy efficiency measures identified as achievable by the
Energy Trust of Oregon — 214 average megawatts — which PGE expects will meet nearly half of PGE's load growth through 2020. - 122 average megawatts of additional renewable resources to meet Oregon's renewable energy standard requirements on or ahead of schedule.
- Demand-side resources — measures customers can take that can reliably deliver short-term reductions in customer demand to help reduce capacity needs and manage loads during peak periods.
- Additional natural gas-fired generation with state-of-the-art turbines and pollution controls to serve existing demand, meet additional load growth and maintain reliability standards. This would include 300 to 500 megawatts of baseload capacity and 100 to 200 megawatts of flexible peak load resources.
- Short-term and mid-term market purchases.
-
Installation of emissions control retrofits on PGE's coal-fired
generating plant near
Boardman, Oregon , to comply with Regional Haze rules under the Clean Air Act. The commission acknowledged PGE's 2020 plan for the plant, which calls for the initial control retrofits followed by an end to coal-burning at the plant byDecember 31, 2020 . This action is contingent on approval of the 2020 plan by the EQC, which is slated to act on the proposal later this year. -
New transmission capacity to help meet growing energy needs, allow for
development of more renewable power projects, and enhance reliability
of the electrical grid. PGE has proposed development of a new
transmission line called
Cascade Crossing , which would bring power generated east of theCascade Mountains to theWillamette Valley nearSalem, Oregon .
The integrated resource planning process, which follows guidelines established by the OPUC, is designed to identify a future portfolio of resources that offers the best combination of cost and risk, taking into account factors such as environmental impacts, fuel supply availability, price volatility, resource diversity, and the ability of available resources to reliably meet demand. Utilities issue integrated resource plans roughly every two years to reflect new technologies, market conditions, and regulatory requirements.
PGE filed its 2009 integrated resource plan with the OPUC in
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All statements contained in this press release that are not historical
facts are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. They are not guarantees of future events. Rather, they are based
on current expectations, estimates, beliefs and assumptions and are
subject to uncertainties that are difficult to predict. As a result,
actual events or results may differ materially from the statements made.
Forward-looking statements made in this press release include statements
regarding the company's energy strategy for future periods, the
effectiveness of energy efficiency initiatives in decreasing energy
consumption, the anticipated increase in demand for electricity in the
Company's service territory, the implementation and outcome of requests
for proposals, and the acquisition of additional capacity to meet such
demand. These forward-looking statements are based upon our assumptions
about and assessment of the future, which may or may not prove true, and
involve a number of risks and uncertainties including, but not limited
to, risk factors detailed in the Company's most recent Annual Report on
Form 10-K, the Company's reports on Form 10-Q and other filings with the
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