Loading...
HomeMy WebLinkAbout20050118Watters Exhibit.pdfCase No. PAC-O5- Exhibit No. Witness: Stan K. Watters BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION ACIFICORP Exhibit Accompanying Direct Testimony of Stan K. Watters Gadsby Project Comparison January 2005 Ph y s i c a l Ph y s i c a l Ph y s i c a l Ph y s i c a l Ph y s i c a l De l i v e r y P a t t e r n 24 On - pe a k 24 On - pe a k 16 On - pe a k D A 16 On - pe a k D A Ho u r l y C a l l Ho u r l y C a l l Ca l l 16 On - pe a k F i r m Ca l l 16 On - pe a k PO D PC E U PC E U NU B Mo n a Mo n a Mo n a Op t i o n T y p e To l l i n g O p t i o n P C E U To l l i n g O p t i o n P C E U To l l i n g O p t i o n N U B v s Ph y s i c a l F i r m Fi x e d S t r i k e O p t i o n Ph y s i c a l F i r m vs R o c k i e s G a s vs R o c k i e s G a s Ma l i n G a s Te r m S t a r t 6/ 1 / 2 0 0 2 6/ 1 / 2 0 0 2 6/1 / 2 0 0 2 6/1 / 2 0 0 2 6/ 1 / 2 0 0 2 6/ 1 / 2 0 0 2 Te r m E n d 9/ 3 0 / 2 0 0 4 9/ 3 0 / 2 0 0 4 9/ 3 0 / 2 0 0 4 9/ 3 0 / 2 0 0 4 9/ 3 0 / 2 0 0 4 9/ 3 0 / 2 0 0 4 He a t R a t e 10 , 20 0 10 , 00 0 50 0 De l i v e r y M o n t h s Ju n e - S e p t Ju n e - S e p t Ju n e - S e p t Ju n e - S e p t Ju n e - S e p t Ju n e - S e p t Ne t B e n e f i t ( P V $ ) 94 0 , 63 1 31 4 39 1 26 3 . 07 4 (8 1 0 , 63 5 50 4 , 07 6 ) (4 , 18 2 , 87 7 Ne t B e n e f i t ( P V $ ) ~ 1 0 0 M W 78 3 , 85 9 15 7 19 6 26 3 , 07 4 (8 1 0 , 63 5 50 4 07 6 ) 18 2 87 7 Pr e m i u m C o s t - $ ( 1 Y e a r ) (5 , 33 3 , 33 3 ) (1 4 98 3 , 00 0 ) (2 , 50 0 , 00 0 ) 50 2 , 40 0 (2 , 74 0 00 0 ) (9 , 71 5 , 93 6 Pr e m i u m C o s t - $ ( 3 Y e a r ) (1 6 00 0 , 00 0 ) (4 4 94 9 , 00 0 ) 50 0 00 0 ) 50 7 , 20 0 22 0 , 00 0 ) (2 9 14 7 , 80 8 Pr e m i u m C o s t ( $ / M W h ) 15 . 25 . 15 . 46 . 16 . 59 . Pr e m i u m C o s t ( $ / K W - m o ) 18 . 24 . Av e r a g e S t r i k e P r i c e ( $ / M W h ) 25 . 25 . 30 . 46 . 55 . 59 . Ca p a c i t y - M W 12 0 20 0 10 0 10 0 To t a l E n e r g y P o s s i b l e - M W h 05 4 08 0 75 6 80 0 49 1 20 0 12 2 , 49 1 20 0 49 1 . En e r g y C a l l e d F l a t ( M W h ) 63 2 , 44 8 12 4 35 2 34 8 , 75 2 12 2 11 2 97 6 49 1 En e r g y C a l l e d F l a t ( a M W ) 12 8 En e r g y C a l l e d H L H ( a M W ) 11 8 18 8 De l l a ( F l a t ) ( n o t e 2 ) De l t a ( H L H ) ( n o t e 2 ) 1. 0 Ne t B e n e f i t C h a n g e ~ 1 0 0 M W ( P V $ ) 59 4 , 4 9 4 96 7 83 1 07 3 , 70 9 67 8 , 80 1 SO R e d u c t i o n ( n o t e 1 ) (4 3 3 , 4 2 5 ) (5 6 1 , 28 4 ) (3 7 3 , 88 4 ) (2 5 7 06 1 ) RE L A T I V E R A N K I N G No t e s : (1 ) " SO R e d u c t i o n " r e f e r s t o t h e c h a n g e i n t h e p o r t f o l i o s s t a n d a r d d e v i a t i o n f o r c o s t w i t h a n d w i t h o u t t h e t r a n s a c t i o n . (2 ) " De l t a " r e f e r s t o t h e p e r c e n t a g e o f t i m e t h a t t h e r e s o u r c e i s e x p e c t e d t o e c o n o m i c a l l y d i s p a t c h b a s e d u p o n t h e f o r w a r d c u r v e s a t t h e t i m e . (" ) t T 1 " t j _. ) - ~ ~ S" e n a : _ . tr 1 C 7 ' : : : : I I ~ Z ::; ' ( " ) ~O Z ~ gj ' ? '1 : J "t j - :; 0 : : ) - N (" ) rr , ~ 6 t1 ) V I ti1 . ! . .