20120821Compliance Filing.pdf

IDAHO
RECERjD An IDACORP company
......................MC2I PM 12:50
DONOVAN E. WALKER
Lead Counsel
dwalkercidahopower.com UTLT .1 C .4MlSSIO1
August 21, 2012
VIA HAND DELIVERY
Jean D. Jewell, Secretary
Idaho Public Utilities Commission
472 West Washington Street
Boise, Idaho 83702
Re: Case No. IPC-E-10-19
Grand View Solar One PV, LLC, Firm Energy Sales Agreement ("FESA") -
Avoided Cost Rates for 2032 and 2033 and Clarification of Paragraph 5.2(c)
Dear Ms. Jewell:
In compliance with Idaho Public Utilities Commission ("Commission") Order No.
32593 issued on July 12, 2012, enclosed for inclusion with the FESA originally filed with the
Commission in this case are an original and seven (7) copies of Idaho Power Company's
letter containing the non-levelized avoided cost rates for the years 2032 and 2033 to Grand
View Solar One PV, LLC's ("Project") FESA. These non-levelized rates are in accordance
with the Commission Orders that established the original rates within the Project's FESA.
(Commission Order Nos. 30744 and 30738.)
In addition, the Project has requested clarification of what is considered to be a
complete project in the context of paragraph 5.2(c) of the FESA. The actual paragraph and
the parties' consensus of what would constitute a complete project are also discussed in
the enclosed letter.
Should you have any questions, please do not hesitate to contact me.
Ve yyours,
Donovan, . Walker
DEW:csb
Enclosures
cc: Kristine A. Sasser, Commission - via hand delivery (w/encl.)
Rick Sterling, Commission - via hand delivery (wlencl.)
Sean Stocker, Director of Development - via e-mail (wlencl.)
1221 W. Idaho St. (83702)
P.O. Box 70
Boise, ID 83707
IDAHO
MEN NER®
An IDACORP Company
August 10, 2012
Randy C. Allphin
Energy Contracts Coordinator, Ldr
Grand View Solar One PV, LLC
do Corona Capital Partners, LLC
Attn: Sean Stocker
300 Great Oaks Blvd, Ste 320
Albany, NY 12203
Original: Certified U.S. Mail
E-mail Copy: Sean Stocker [e-mail]
Terry Kees [e-mail]
RE: Grand View Solar One PV LLC
Project Name: Grand View Solar PV One
Project Number-216l5 150
InterDretation of Project Completion
Within the Finn Energy Sales Agreement between Idaho Power Company and Grand View Solar
One PV, LLC dated June 8th, 2010 ("FESA") Paragraph 5.2c states:
"Seller has demonstrated to Idaho Power's satisfaction that the Facility is complete and able to
provide energy in a consistent, reliable and safe manner."
In addition, item B-4 of Appendix B of the FESA specifies that the maximum capacity of this Project
shall be 20 MW.
Page 1 of
Representatives from Idaho Power and the Project have discussed the interpretation of Paragraph
5.2c, and this letter represents our mutual understanding and agreement as to this particular term in the
contract. For determining that "Seller has demonstrated to Idaho Power's satisfaction that the Facility is
complete and able to provide energy in a consistent, reliable and safe manner" for the sole purpose of
meeting the requirements of Paragraph 5.2c only, the parties have agreed that the required level of
completion to meet the requirements of Paragraph 5.2c shall be 16 MW (80% of the Maximum Capacity).
Extension of rates through 2033
Idaho Public Utility Commission order 32593, dated July 12, 2012 requires that Idaho Power supplement
the June 8, 2010 Agreement to display rates through 2033 to accommodate the full 20-year contract term.
Listed below are the additional rates that will be included in the Agreement for the years 2032 and 2033.
Paragraph 7.1 Base Energy Heavy Load Purchase Price
Season 1 - (73.5%) Season 2— (120.00%) Season 3 - (100.00%)
Year Mills/Kwh Mills/Kwh Mills/Kwh
2032 99.22 161.99 134.99
2033 101.82 166.23 138.53
Paragraph 7.2 Base Energy Light Load Purchase Price
Season 1 - (73.5%) Season 2— (120.00%) Season 3 - (100.00%)
Year Mills/Kwh Mills/Kwh Mills/Kwh
2032 93.87 153.25 127.71
2033 96.47 157.50 131.25
Paragraph 7.3 All Hours Energy Price
Season 1 - (73.5%) Season 2— (120.00%) Season 3 - (100.00%)
Year Mills/Kwh Mills/Kwh Mills/Kwh
2032 96.84 158.10 131.75
2033 99.44 162.35 135.29
Pursuant to our discussion, Idaho Power will file a copy of this letter with the Idaho Public Utilities
Commission ("IPUC") and both parties shall be obligated to abide by any process and decisions that the
IPUC shall implement or issue in this.
Page 2 of 3
Please contact me with any questions you may have.
Sincerely,
Randy C Aliphin
Idaho Power Company
Cc: Donovan Walker (IPCo)
Jason Williams (IPCo)
Grand View Solar PV One, LLV
do Corona Capital Partners, LLC
Attn: Terry Kees
300 Great Oaks Blvd, Ste.320
Albany, NY 12203
Page 3 of 3