HomeMy WebLinkAbout601-605.pdfEXHIBIT NO. 601
PROFESSIONAL EXPERIENCE AND BACKGROUND OF
STUART A.T. TRIPPEL
WITNESS FOR INDEPENDENT ENERGY PRODUCERS OF IDAHO
Qualifications of Stuart A.T. Trippel
Witness for Independent Energy Producers of Idaho
Experience
Principal, Trippel/Mast Consulting LLC
(previously independent consultant)
1997-present
Consultant providing economic and financial analysis and general management
consulting, including assistance with regulatory compliance, policy analysis, spreadsheet
modeling, research, negotiations, and expert witness services in the areas of rates, cost-
of-service, financial and management accounting, industry studies, forecasting, and
strategic planning. Clients include utilities, private companies, and law firms. Projects
include:
Industrial Customers of
Idaho Power (through law
firms of Richardson &
leary, PLLC, Boise
Idaho; and Davis Wright
Tremaine, LLP, Boise
Idaho)
. US Ecology, Inc.
Richland, Washington (a
subsidiary of American
Ecology Corporation, Boise
Idaho)
Ongoing rate and regulatory consulting services
including review of Idaho Power Company filings and
proposals, assistance with risk management issues
power sales contract review, power cost adjustment
clause review, review of load reduction programs and
emergency rate relief filing, analysis of contract and
market-based rates, analysis of contract termination
effects, assistance with industry restructuring issues
and research on specialized topics
Ongoing rate and regulatory consulting services
including periodic filing of preliminary and final rates
for low-level radioactive waste disposal, assistance
with regulatory accounting matters, assistance with
Washington Utilities and Transportation Commission
inquiries and audits, rate analysis scenarios, general
regulatory advice and assistance, cost-of-service
analysis, and revenue requirement development and
review in preparation for application for general rate
case in Washington
EXHIBIT NO. 601
Page 1 of 4
Trippel, Stuart A. T.
South Carolina Budget and
Control Board
Columbia, South Carolina
Brooks & Associates
SeaTac, Washington
Opatrny Consulting, Inc.
Battle Ground, Washington
. CH2M HILL
Bellevue, Washington
Analytical and litigation support services relating to
proceeding before South Carolina Public Service
Commission in the matter of recoverable operating
costs of a low-level radioactive waste facility in
Barnwell, South Carolina
Various projects involving rates, cost-of-service
policy analysis, and research in electric utility
industry; review of testimony before Bonneville Power
Administration
Sub consultant on rates, cost-of-service, and analytical
issues for large industrial electricity consumer
Subconsultant on various projects, including
economic evaluation of heat pump program for an
electric utility, analysis of contractual rate reopener
provision for group of utilities purchasing from joint
projects, analysis of residential assistance plan rates
and various other projects relating to electric utility
rates and regulation
............-................................-........-.......................................................................-.................... ....................................-..............-........... ..............................-.........-.......
Consultant (vice president)
EES Consulting, Inc.
1990-
.......--........-..................................................-......
Economist and project manager responsible for project execution and supervision in a
variety of areas, including:
Regulatory analysis in the United States and Canada (including Federal Energy
Regulatory Commission and state and provincial regulatory bodies)
Complex rate case intervention (e., Bonneville Power Administration), including
analysis, testimony, and case management
Rates and cost-of-service studies
. Activity-based costing analysis
Assistance with direct access issues, including analysis and commission applications
Requests for proposals for power supply (issuance and evaluation)
Contract and other negotiations
Legislative analysis and monitoring
Specialized research (economic, regulatory, and legal)
. Due diligence research and company intelligence
Expert witness testimony and litigation support EXHIBIT NO. 601
Page 2 of 4
Trippel, Stuart A.
Forecasting
Valuation studies
Surveys (design and analysis)
Seminars and courses (development and delivery)
Risk management
Project feasibility studies
Environmental cost evaluation
Integrated resource planning
Demand-side management program development
Representative clients included public utility districts in Washington (Snohomish
County, Clark County, Mason County No.3, Pend Oreille County, Grays Harbor County,
Lewis County), municipalities (Tacoma, Washington; Bellevue, Washington; Detroit
Michigan; Denver, Colorado; Ottawa, Ontario), utility associations (Western Public
Agencies Group, Washington; Conservation and Renewable Energy System, Oregon;
Municipal Electric Association, Ontario; Western Montana Generation & Transmission
Cooperative, Texas Municipal Power Agency), investor-owned, cooperative, and
government-owned utilities (West Kootenay Power Ltd., British Columbia; Lower Valley
Power & Light Company, Wyoming; Northwest Territories Power Corporation, New
Jersey-American Water Company), private companies (US Ecology, Inc.; members of
the Industrial Customers ofIdaho Power; Hewlett-Packard; Birmingham Steel),
government agencies (Washington State Department of Health; Greater Vancouver
Regional District, British Columbia; Central Utah Water Conservancy District), law
firms (Perkins Coie, Davis Wright Tremaine LLP), and engineering firms (HDR
Engineering, Inc.
........ ............................................. .............-...........................................
Management consultant
Regional accounting firm
1989-
Member of the management advisory services department providing business planning
services, support for private placements and other securities issues, mergers and
acquisitions support, and economic analysis of industries. Clients included startup
ventures and small businesses seeking venture capital and other funding.
..........................................................-.........-...................................................-.....-.........-.....................................................-......-...........-........................................-...............................-....-.............-........................
Economist
CH2M HILL
1987-
Project economist providing research and quantitative analysis for electric, gas, and
solid waste utility forecasting, and population forecasting; rate and cost-of-service
studies; bond issues; power supply planning; valuation studies; mergers and
acquisitions; environmental impact statements; and policy analysis. Clients included
EXHIBIT NO. 601
Page 3 of 4
Trippel, Stuart A.
Southern California Edison, Anchorage Municipal Light & Power, Port of Vancouver
(British Columbia), Grant County (Washington) Public Utility District, Mukilteo School
District, Snohomish County (Washington) Solid Waste Division, King County
(Washington) Solid Waste Division, and the United States Bureau of Reclamation.
........... ....................................................................... ......................................................-............-............................................................................. .........................................-.......
Independent consultant
1984-
............................................................-.............................-
Research assistant and consultant on antitrust, energy issues (including forecasting and
demand-side management), market studies, and business planning issues. Clients
included university professors and their expert witness clients, including law firms and
businesses involved in antitrust and other economic-related litigation.
Academic Affiliations
Associate (Adjunct) Faculty, Business Administration Division, Shoreline Community
College, Seattle, 2000-02 (teaching practical accounting, business school financial
accounting, managerial accounting, accounting theory, and summer intensive financial
accounting)
Associate (Adjunct) Faculty, Business Division, North Seattle Community College
Seattle, 2001-02 (teaching introductory accounting and business tax accounting)
Education
Bachelor of Arts, Economics, University of Washington, Seattle, 1988
Courses in accounting (financial accounting, cost accounting, auditing, and accounting
information systems), North Seattle Community College, Seattle, 1999-2000
Professional Societies and Recognitions
American Economic Association, member since 1987
American Institute of Certified Public Accountants, member (non-CPA) since 1999
Washington Society of Certified Public Accountants, member (non-CPA) since 1999
Who s Who in America(!Y-West, 27th Edition (1999)
EXHIBIT NO. 601
Page 4 of 4
Trippel, Stuart A.
EXHIBIT NO. 602
HISTORY OF NATURAL GAS PRICES
Figure 6
History US Wellhead Natural Gas Prices
Source:Draft Fuel Price Forecasts for the 5th Northwest
Conservation and Electric Power Plan, April 25, 2002 (Council
Document 2002-07), at 15.
EXHIBIT NO. 602
Trippel, Stuart A.
EXHIBIT NO. 603
RECOMMENDED NATURAL GAS PRICE FORECAST
(NPPC MEDIUM-HIGH)
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AVOIDED COST CALCULATION MODEL
22-Jul-
DATA IPCO
TYPE DATA
FIRST DEFICIT YEAR:2000
SURPLUS ENERGY COST (mil/kWh):19.
SURPLUS COST BASE YEAR:1994
SAR" PLANT LIFE (YEARS):
SAR" PLANT COST ($/kW):$667
BASE YEAR OF "SAR" COST:1994 350
SAR" CAPACITY FACTOR (%):92%Btu/kWh
UTL TV WT'D COST OF CAPITAL (%):199%
RA TEPA YER DISCOUNT RATE (%):199%$3.
SAR" FIXED O&M ($/kW):$7.43 per MMBtu
SAR" VARIABLE O&M (mil/kWh):
CURRENT YEAR FUEL COST (mil/kWh):28.
BASE YEAR, O&M EXPENSES:1994 20-year K
ESCALATION RATE; "SAR" (%):60%Levelized
ESCALATION RATE; SURPLUS (%):50%51.40
ESCALATION RATE; O&M (%):21%53.
ESCALATION RATE; FUEL (%):10%54.
ADJUSTABLE PORTION (mil/kWh):56.
CAPITAL CARRYING CHARGE (%):12.424%58.
LEVEL CARRYING COST (mil/kWh):12.60.
TILTING" RATE (%):60%mills/kWh
TYPE OF RATES:NON-FUELED
CURRENT YEAR:2002
Online Year
2002
2003
2004
2005
2006
2007
EXHIBIT NO. 605
Page 1 of 3
Trippel, Stuart A. T.
AVOIDED COST CALCULATION MODEL
22-Jul-
DATA A VISTA
TYPE DATA
FIRST DEFICIT YEAR:2000
SURPLUS ENERGY COST (mil/kWh):19.
SURPLUS COST BASE YEAR:1994
SAR" PLANT LIFE (YEARS):
SAR" PLANT COST ($/kW):$667
BASE YEAR OF "SAR" COST:1994 350
SAR" CAPACITY FACTOR (%):92%Btu/kWh
UTL TY WT'D COST OF CAPITAL (%):979%
RATEPAYER DISCOUNT RATE (%):979%$3.
SAR" FIXED O&M ($/kW):$7.43 per MMBtu
SAR" VARIABLE O&M (mil/kWh):
CURRENT YEAR FUEL COST (mil/kWh):28.
BASE YEAR , O&M EXPENSES:1994 20-year K
ESCALATION RATE; "SAR" (%):60%Levelized
ESCALATION RATE; SURPLUS (%):50%50.
ESCALATION RATE; O&M (%):21%52.49
ESCALATION RATE; FUEL (%):10%54.
ADJUSTABLE PORTION (mil/kWh):55.
CAPITAL CARRYING CHARGE (%):11.813%57.
LEVEL CARRYING COST (mil/kWh):11.59.
TILTING" RATE (%):60%mills/kWh
TYPE OF RATES:NON-FUELED
CURRENT YEAR:2002
Online Year
2002
2003
2004
2005
2006
2007
EXHIBIT NO. 605
Page 2 of 3
Trippel, Stuart A.
AVOIDED COST CALCULATION MODEL
22-Jul-
DATA PCP
TYPE DATA
FIRST DEFICIT YEAR:2000
SURPLUS ENERGY COST (mil/kWh):19.
SURPLUS COST BASE YEAR:1994
SAR" PLANT LIFE (YEARS):
SAR" PLANT COST ($/kW):$667
BASE YEAR OF "SAR" COST:1994 350
SAR" CAPACITY FACTOR (%):92%Btu/kWh
UTL TY WT'D COST OF CAPITAL (%):10.270%
RATEPAYER DISCOUNT RATE (%):10.270%$3.
SAR" FIXED O&M ($/kW):$7.43 per MMBtu
SAR" VARIABLE O&M (mil/kWh):
CURRENT YEAR FUEL COST (mil/kWh):28.
BASE YEAR, O&M EXPENSES:1994 20-year K
ESCALATION RATE; "SAR" (%):60%Levelized
ESCALATION RATE; SURPLUS (%):50%51.
ESCALATION RATE; O&M (%):21%53.
ESCALATION RATE; FUEL (%):10%54.
ADJUSTABLE PORTION (mil/kWh):56.48
CAPITAL CARRYING CHARGE (%):12.600%58.
LEVEL CARRYING COST (mil/kWh):12.45 60.
TILTING" RATE (%):60%mills/kWh
TYPE OF RATES:NON-FUELED
CURRENT YEAR:2002
Online Year
2002
2003
2004
2005
2006
2007
EXHIBIT NO. 605
Page 3 of 3
Trippel, Stuart A. T.