LEAC and Oil Prices Update Final - guampowerauthority.com · 6 • GPA has spent $ 970 M for Fuel...

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LEAC and Oil Prices Update

Guam Power AuthorityConsolidated Commission on Utilities

April 7, 2009

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We all have endured the worst energy crisis since the 70s• 448 % Fuel Price Increase from Aug 2002 to July 2008

• Fuel Price decrease starting October 2008

$ 26 / bbl in Aug 2002

$ 145 / bbl in July 2008

$ 114.08 / bbl in Aug 2008

$ 104.82 / bbl in Sept 2008

$ 60 / bbl in Oct 2008

$ 38 / bbl in Jan 2009

$ 48 / bbl in March 2009

Historical Fuel Prices

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Fuel Prices

72.29

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$220

Aug-07 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10

$ p

er B

arre

l

Guam Gasoline Prices GPA Price - Platt's GPA Price - ProjectedNYMEX NYMEX - Projected

GPA Price - Projected

GPA Price (Platt's)

Guam Gas Prices (PDN, MV, etc.)

NYMEX - Projected

NYMEXGPA

Prices (Platt's)

Guam Gas Prices

Aug-07 72.29$ 57.32$ Sep-07 78.81$ 60.06$ Oct-07 78.29$ 67.49$ Nov-07 94.95$ 76.40$ Dec-07 91.23$ 72.39$ Jan-08 92.73$ 72.05$ 159.26$ Feb-08 95.63$ 72.00$ 160.74$ Mar-08 104.46$ 76.29$ 166.25$ Apr-08 111.99$ 82.73$ 171.78$ May-08 125.76$ 92.92$ 175.02$ Jun-08 133.41$ 97.99$ 193.87$ Jul-08 134.69$ 111.21$ 203.85$ Aug-08 122.95$ 102.13$ 189.46$ Sep-08 104.84$ 89.48$ 178.64$ Oct-08 77.47$ 60.75$ 170.15$ Nov-08 57.96$ 36.91$ 147.00$ Dec-08 43.71$ 34.62$ 119.65$ Jan-09 41.15$ 38.86$ 112.98$ Feb-09 39.12$ 39.03$ 114.66$ Mar-09 48.09$ 119.28$

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Fuel Expenses

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$220

Aug-07 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10

$ p

er B

arre

l

GPA Prices (Platt's)GPA Price - Projected Actual Fuel Expenses (inc. handling costs)Actual Fuel Expenses (w/o handling costs)

GPA Price - Projected

GPA Price (Platt's)

Actual Fuel Expenses Including Handling Costs

Actual Fuel Expenses without Handling Costs

Fuel Prices – RFO in $/bbl

HEDGE GAINS minimized Fuel Expenses

5

Fuel Prices – RFO in $/kwh

Fuel Costs per KWH Sales

$0.05

$0.08

$0.10

$0.13

$0.15

$0.18

$0.20

$0.23

$0.25

Aug-07 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09

$ p

erK

WH

Actual Cost without Handling Costs

Actual Cost including Handling

HEDGE GAINS minimized Actual Costs

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• GPA has spent $ 970 M for Fuel (Cumulative) since FY 2003

• GPA Fuel Expenses in FY 2008 more than tripled compared to FY 2003, even though Guam’s energy demand remained flat

FY 2003: Fuel Expenses = $72.7 M

FY 2008: Fuel Expenses = $237 M

• As of Feb 2009, FY 2009 Fuel Expenses = $144 M

• The biggest factor in the increase in Power Bills is the RISING COST OF OIL

Historical Fuel Expenses

7

Fuel Expenses – Costs and BBL Consumption

Fuel Expenses inclusive of all costs (Fuel Handling, Hedge Gains/Loss, etc.)

FUEL EXPENSES

2,8092,716 2,747

1,131

$72,709$95,267 $112,709

$157,122

$237,063

$144,640$174,748

$167,976

$280,685

$437,806

$612,554

$994,256

$849,617

0

500

1000

1500

2000

2500

3000

FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY09 thru FEB09

Fuel

Con

sum

ptio

n (1

,000

BB

LS)

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

Fuel

Exp

ense

s ($

)

8

Fuel Expenses – Costs and KWH Sales

Fuel Expenses inclusive of all costs (Fuel Handling, Hedge Gains/Loss, etc.)

FUEL EXPENSES and MWH SALES

1,325,133 1,304,345 1,295,025

517,834

$72,709$95,267 $112,709

$157,122

$237,063

$144,640$174,748

$167,976

$280,685

$437,806

$612,554

$994,256

$849,617

-

300,000

600,000

900,000

1,200,000

1,500,000

FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY09 thru FEB09

MW

H S

ales

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

Fuel

Exp

ense

s ($

)

9

Fuel Cost -RFO54%

Beg. over/under Recovery

4%

Inventory Cost Change

5%

Other Handling Costs

2%

Hedging Costs33%

Fuel Cost -Diesel2%

LEAC Cost Components For period: February 2009 – July 2009

$ 108,017,235.12 Total

$ 4,332,637.00


$ 5,551,652.43 Inventory Cost Change

$ 2,025,857.30


$ 35,495,082.30 Hedging Costs

$ 2,222,227.35 Fuel Cost -Diesel

$ 58,389,778.75 Fuel Cost -RFO

Feb09 thru Jul09

BREAKDOWN OF COSTS:

Under-recovery is $ 4.3 Million for this period, adding to the Fuel Costs.

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Fuel Cost -Diesel1%

Fuel Cost -RFO71%


14%


2%

Hedging Costs7%


5%

LEAC Cost ComponentsFor period August 2009 – January 2010

$ 81,154,459.85 Total

$ 11,478,775.00


$ 3,876,286.26


$ 2,007,537.57


$ 5,730,109.90 Hedging Costs

$ 1,076,782.63 Fuel Cost -Diesel

$ 56,984,968.50 Fuel Cost -RFO

Aug09 thru Jan10

BREAKDOWN OF COSTS:

Under-recovery is $ 11.5 Million for this period, adding to the Fuel Costs.

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Hedging

• Hedging is for insurance on fuel price increases not an attempt to game the market

• Hedging provides rate stability+ : When prices are above the price ceiling, GPA customers do not see

that portion of the price increase

- : When fuel price falls below the price floor, GPA customers do not see a portion of price decreases

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LEAC RatesCurrent Rate = $0.15763

LEAC Rate Effective May 2009

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

15% D

ecrea

se

10% D

ecrea

se

5% D

ecreas

e

Curren

t

10% In

crease

20% In

crease

30% In

crease

Fuel Price Scenarios

Fuel

Cos

t ($/

bbl)

$-

$0.02

$0.04

$0.06

$0.08

$0.10

$0.12

$0.14

$0.16

$0.18

LEA

C R

ate

(Cen

ts/K

WH

)

Fuel cost/bbl LEAC Rate Effective May2009 Current

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LEAC RatesCurrent Rate = $0.15763

LEAC Rate Effective August 2009

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

15% Dec

rease

10% Dec

rease

5% Decr

ease

Curren

t

10% In

crease

20% In

crease

30% In

crease

Fuel Price Scenarios

Fuel

Cos

t ($/

bbl)

$-

$0.02

$0.04

$0.06

$0.08

$0.10

$0.12

$0.14

$0.16

$0.18

LEAC

Rat

e (C

ents

/KW

H)

Fuel cost/bbl LEAC Rate Effective Aug2009 Current

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• Increased Baseload Efficiencies from 83% to 98% (Jan 2009)

About $134 M in Fuel Purchase Savings

• Reduced Unaccounted for Energy, or “Line Losses” by 30% (from 10 to 7%)

• Collected $ 34.2 M of the $ 50.8 M previously owed by GovGuam for unpaid power bills to pay for fuel and other expenses that would have otherwise required higher rate increases

• Absorbed over $15 million in Unrecovered Fuel Expenses on behalf of ratepayers. GPA will never ask for this cost back from ratepayers.

GPA can only focus on processes and costs it can control. GPA cannot control oil prices.

How has GPA Reduced Rates to Ratepayers?

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Fuel Savings from Increased Baseload Use

Fuel Savings Relative to 83% Baseload Use

83%

93% 93%

98%97% 97%

98%

95%

$18

$34$32$23

$18$10

$87

$55

$32

$14$4

$121

$139

80%

84%

88%

92%

96%

100%

5-Yea

rs Pre-

CCUFY'03

(Apr'0

3-Sep

'03)

FY'04

FY'05

FY'06

FY'07

FY'08

F'09 as

of Jan

09

Act

ual B

asel

oad

Prod

uctio

n

$0

$25

$50

$75

$100

$125

$150

Fuel

Sav

ings

($M

)

Actual Baseload Production (%) Fuel Savings ($M) Cumulative Fuel Savings ($M)

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Line Loss ReductionsSummary of Unaccounted For Energy Reductions

$172,164,929

$146,396,990

$136,475,126$131,641,552

$45,263,815

$124,546,811

9.78%

8.17%7.56% 7.45%

7.06%7.66%

0

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

140,000,000

160,000,000

180,000,000

200,000,000

FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY09 Thru JAN09

KW

H

0%

2%

4%

6%

8%

10%

12%

Line

Los

s R

atio

(Net

)

Actual Line Loss (KWH) Actual Line Loss (%)

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Hedging Gains from FY2002 to Jan 2009

($18,000,000)

($12,000,000)

($6,000,000)

$0

$6,000,000

$12,000,000

$18,000,000

$24,000,000

Oct-01

Feb-02

Jun-02

Oct-02

Feb-03

Jun-03

Oct-03

Feb-04

Jun-04

Oct-04

Feb-05

Jun-05

Oct-05

Feb-06

Jun-06

Oct-06

Feb-07

Jun-07

Oct-07

Feb-08

Jun-08

Oct-08

Feb-09

Hedging Gain (Loss)Cumulative Gain (Loss)

Historical Hedging Costs (Base: Oct 2001)

Apr05-May06:

No Hedging Contract

Oct 07- Dec07: No Hedging Contract

Jan08-Mar08: No Gains/Losses

Oct09-eb09: Hedging Losses

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Historical Hedging Costs (FY 2008- FY 2009)

($16,504,169.32)($18,000,000)

($12,000,000)

($6,000,000)

$0

$6,000,000

$12,000,000

$18,000,000

$24,000,000

Oct-07 Nov-07 Dec-07

Jan-08 Feb-08 Mar-08 Apr-08 May-08

Jun-08 Jul-08 Aug-08

Sep-08

Oct-08 Nov-08 Dec-08

Jan-09 Feb-09

Hedging Gain (Loss)Cumulative Gain (Loss)

FY 2008 Net Gain = $ 6,776,766,70FY 2009 Net Losses = $ 36,599,488.57Cumulative Losses = $ 16,504,169.32

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Unrecovered Fuel Expenses – Inventory Carrying Costs

$(2,575,309)

$10,018,405

$(19,608,237)$(3,266,632)$(4,655,545)$(5,138,508)$531,973

($34,712,258.02)

($24,693,853.02)

($15,104,021.49)

($11,837,389.31)

($7,181,844.64)

($2,043,336.26)($2,575,308.92)

$(36,000,000)

$(32,000,000)

$(28,000,000)

$(24,000,000)

$(20,000,000)

$(16,000,000)

$(12,000,000)

$(8,000,000)

$(4,000,000)

$-

$4,000,000

$8,000,000

$12,000,000

FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

from Dec 08 Filing as of Jan 09

Fuel Inventory Carrying Cost Cum. Carrying Costs

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Past Due GovGuam Balances

$16,598,134

$50,825,698

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

2002 2003 2004 2005 2006 2007 2008

Historical GovGuam Balances

GPA has collected $34.2 M from Past Due GovGuam Balances, which was used to defer rate increases and absorb part of the unrecovered fuel expenses

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* GPA’s Absorbed Fuel Expenses up to FY07 only - FY08 Absorbed Fuel Expenses included in LEAC Recovery

**Fuel Savings from Diesel Use Reductions and Line Loss Reductions up to January 2009

GPA’s Total Savings per KWH of Sales:

a b c d e f = a+b+c+d g h = f / g

Hedging Gain/Loss

GPA's Absorbed Fuel

ExpensesDiesel Use Reductions

Line Loss Reductions

Collections from GovGuam

Total Savings Amount KWH Sales

Savings per KWH Sales

FY 2003 5,567,435$ 2,575,309$ 3,628,390$ -$ 4,424,875$ 16,196,009$ 1,455,114,763 0.011$ FY 2004 8,926,064$ (531,973)$ 10,271,696$ -$ (1,087,797)$ 17,577,991$ 1,588,850,672 0.011$ FY 2005 5,653,595$ 5,138,508$ 17,684,024$ $1,568,598 1,881,811$ 31,926,535$ 1,644,540,440 0.019$ FY 2006 (3,844,730)$ 4,655,545$ 23,156,345$ $879,070 4,544,365$ 29,390,595$ 1,669,000,669 0.018$ FY 2007 (2,983,811)$ 3,266,632$ 32,119,718$ $350,004 (281,812)$ 32,470,731$ 1,635,731,895 0.020$ FY 2008 6,776,767$ 22,732,356$ $1,026,554 24,746,122$ 55,281,799$ 1,636,790,942 0.034$ FY 2009 (27,815,065)$ 18,024,606$ $78,866 (9,711,593)$ 544,625,508 (0.018)$

Total (7,719,746)$ 15,104,021$ 127,617,135$ 3,903,092$ 34,227,564$ 173,132,067$ 10,174,654,889 0.017$

Period

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LEAC Facts:

• LEAC has been used for ten years to ensure that GPA recovers from ratepayers what they consume in energy.

• LEAC is adjusted twice a year to provide rate stability for 6 months at a time. Only once in ten years---this past June when oil prices soared to record levels---has LEAC been adjusted more than twice per year

Gasoline prices this year alone have increased 10 times and decreased 7 times. Gas prices remain higher than a year ago.

Would you want your power bill to act like that? Or would you want your bill to average-out the peaks and valleys to keep bills more stable?

If we change to “Monthly True-up” as some have suggested, GPA could never advance oil costs for ratepayers. Ratepayers would have to pay any “under-recovery” in the next month instead of averaging it out over 6 months or more.

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LEAC is calculated by doing TWO things simultaneously:1) GPA and the independent PUC:

Compare what ratepayers consumed & were charged for oil vs.what GPA actually paid for in oil to provide the energy actually

consumed during the last 6 months LEAC Period

2) GPA, Morgan Stanley and the PUC: • Project Fuel Costs for the next 6 months• Project how much energy will be used & how much it will cost to produce this

amount of energy• Uses these projections to calculate the rate (LEAC rate) necessary to ensure

GPA has collected enough from customer fuel rates to buy projected fuel needed and generate projected energy demand

Accomplishing these two steps require looking back and forward to make sure GPA always has the money needed to order enough oil to meet customer demand.

LEAC Facts:

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LEAC always benefits ratepayers, especially during periods of rising prices• Averages out impact of rising fuel prices by spreading the impact over 6 months, or even longer

LEAC protected ratepayers from soaring oil prices during the last 12 months• Delayed rate increases (LEAC is fixed over a period) • Spreading out payback

Without LEAC, ratepayers would see power bills go up & down like gas prices• Price increases to ratepayers would be immediate, instead of spread out• Any under-recovery would need to be recovered in one month; the $15.7M would have to be recovered in a month

Dropping oil prices will help GPA recover balances faster, allowing GPA to reduce its LEAC rate sooner.

LEAC Facts:

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LEAC Facts:

• 33 States use processes similar to LEAC, or ECAC*

• Reasons for no ECAC/LEAC Process:Deregulated Market – typically deregulated utilities distribute, but do not generate electricity; therefore, they just pass on their cost of power to customers

*Source: National Economic Research Associates (NERA)

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Fuel Price Flowchart(Market Price to Customer Bill)

Market

Fuel Prices

Contract Purchase

Price

Hedges

Fuel Inventory Price

LEAC Rate

BASE Rate

Customer Bill

Beg. Over/under Recoveries

Projected Sales

Unit Dispatching

Inventory Valuation

Fuel Handling

Costs

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Billing Illustration: Residential Customer

Decrease in LEAC Rate = Decrease from previous period’s rate

Total Decrease = cumulative decrease from DEC 2008

RATE SCHEDULE R Effective 12/1/08 Effective 2/1/09 Effective 3/1/09

KWH 1,000 1,000 1,000

Monthly Charge 5.21 5.21$ 5.21 5.21 5.53 5.53Non-Fuel Energy Charge

First 500 KWH 0.03354 16.77$ 0.03354 16.77 0.03354 16.77Over 500 KWH 0.0795 39.75$ 0.0795 39.75 0.08439 42.19

Emergency Water-well charge 0.00242 1.21$ 0.00242 1.21 0.00257 1.28Insurance Charge 0.00290 2.90$ 0.00290 2.90 0.00290 2.90Total Electric Charge before Fuel Recovery Charges 65.84$ 65.84 68.68Fuel Recovery Charge 0.17105 171.05$ 0.15763 157.63 0.15763 157.63

Total Electric Charge 236.89$ $223.47 $226.31Increase in Total Bill ($16.70) ($13.42) $2.84% Increase -6.59% -5.67% 1.27%Cents/kWh 0.237$ 0.223$ 0.226$

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Billing Illustration: Residential Customer



Effective 5/1/09 Effective 8/1/09 Effective 2/1/10

KWH 1,000 1,000 1,000

Monthly Charge 5.53 5.53 5.53 5.53 5.53 5.53Non-Fuel Energy Charge

First 500 KWH 0.03354 16.77 0.03354 16.77 0.03354 16.77Over 500 KWH 0.08439 42.19 0.08439 42.19 0.08439 42.19

Emergency Water-well charge 0.00257 1.28 0.00257 1.28 0.00257 1.28Insurance Charge 0.00290 2.90 0.00290 2.90 0.00290 2.90Total Electric Charge before Fuel Recovery Charges 68.68 68.68 68.68Fuel Recovery Charge 0.13645 136.45 0.11527 115.27 0.0941 94.10

Total Electric Charge $205.13 $183.95 $162.78Increase in Total Bill ($21.18) ($21.18) ($21.17)% Increase -9.36% -10.33% -11.51%Cents/kWh 0.205$ 0.184$ 0.163$

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Billing Illustration: Large Customer

Effective 12/1/08 Effective 2/1/09 Effective 3/1/09THREE PHASEKWH 1,000,000 1,000,000 1,000,000 MINIMUM 200 400,000 400,000 400,000

Monthly Charge 19.43 19.43 19.43 19.43 20.62 20.62Demand Energy charge First 200 KWH per KW Billing Demand 0.15847 633.88 0.15847 633.88 0.16821 672.84 0.10967 43,429.32 0.10967 43,429.32 0.11641 46,098.31 Next 200 KWH per KW Billing Demand 0.06750 27,000.00 0.06750 27,000.00 0.07165 28,659.31 Over 400 KWH per KW Billing Demand 0.04420 8,840.00 0.04420 8,840.00 0.04692 9,383.27Emergency Water-well charge 0.00242 2,420.00 0.00242 2,420.00 0.00257 2,568.72Insurance Charge 0.00290 2,900.00 0.00290 2,900.00 0.00290 2,900.00

Total Electric Charge before Fuel Recovery Charges 85,242.63 85,242.63 90,303.08Fuel Recovery Charge 0.171050 171,050.00 0.157630 157,630.00 0.157630 157,630.00

Total Electric Charge $256,292.63 $242,872.63 $247,933.08

Increase(Decrease) in Total Bill ($16,700.00) ($13,420.00) $5,060.45% Increase (Decrease) -6.1% -5.2% 2.08%Cents/kWh 0.256$ 0.243$ 0.248$

Increase(Decrease) in LEAC Rate -8.9% -7.8% 0.0%

Total Decrease in LEAC Rate -16.7%



30

Billing Illustration: Large Customer

Effective 5/1/09 Effective 8/1/09 Effective 2/1/10THREE PHASEKWH 1,000,000 1,000,000 1,000,000 MINIMUM 200 400,000 400,000 400,000

Monthly Charge 20.62 20.62 20.62 20.62 20.62 20.62Demand Energy charge First 200 KWH per KW Billing Demand 0.16821 672.84 0.16821 672.84 0.16821 672.84 0.11641 46,098.31 0.11641 46,098.31 0.11641 46,098.31 Next 200 KWH per KW Billing Demand 0.07165 28,659.31 0.07165 28,659.31 0.07165 28,659.31 Over 400 KWH per KW Billing Demand 0.04692 9,383.27 0.04692 9,383.27 0.04692 9,383.27Emergency Water-well charge 0.00257 2,568.72 0.00257 2,568.72 0.00257 2,568.72Insurance Charge 0.00290 2,900.00 0.00290 2,900.00 0.00290 2,900.00

Total Electric Charge before Fuel Recovery Charges 90,303.08 90,303.08 90,303.08Fuel Recovery Charge 0.136450 136,450.00 0.115270 115,270.00 0.094100 94,100.00

Total Electric Charge $226,753.08 $205,573.08 $184,403.08

Increase(Decrease) in Total Bill ($21,180.00) ($21,180.00) ($21,170.00)% Increase (Decrease) -8.54% -9.34% -10.30%Cents/kWh 0.227$ 0.206$ 0.184$

Increase(Decrease) in LEAC Rate -13.4% -15.5% -18.4%

Total Decrease in LEAC Rate -30.2% -45.7% -64.1%

Proposed LEAC Rates



31

Rate Comparison

GPA has one of the lowest rates in the Region ( 22.63 cents/kwh )RATE COMPARISON

22.989 23.34

19.09

22.82

29.329.92

22.63

29.67

-

5

10

15

20

25

30

35

Guam (GPA) Saipan (CUC) Kauai (KIUC) Oahu (HECO) Haw aii (HELCO)

Maui (MECO) Molokai (MECO) Lanai (MECO)

Sources: http://www.heco.com/vcmcontent/StaticFiles/FileScan/PDF/EnergyServices/Tarrifs/HECO/EFFRATESAPR09.pdfhttp://www.kiuc.coop/pdf/ratedata_2009.pdfhttp://www.saipantribune.com/newsstory.aspx?cat=1&newsID=88918

32

GPA created an Integrated Resource Plan (IRP) which addresses Fuel Diversification and Renewable Energy Requirements (PL 29-62) by Recommending:

• Acquisition of renewable resources to offset the high price of fuel, and

• Conversion of existing plants to use Liquefied Natural Gas as an additional measure to lower impact of petroleum volatility and lower fuel expenses.

GPA intends to initiate acquisition for renewable resources in the next couple of months (Wind, Solar, Hydro, Biomass, Geothermal, OTEC,Wave).

Over the next few years, GPA will implement these alternatives and change the way power is produced – to get rates lower and keep them there

Moving Forward

33

Phase I – Renewable AcquisitionProcurement Document Development:

Multi-Step Bid for Purchase Power of Renewable Energy

Technical Criteria:Renewable Energy Technologies as defined by NREL (National Renewable Energy Laboratory)Projects > 5MW and up to 40 MW (for Phase I)Commissioning Period within 36 MonthsCommercially viable with min. 1 year of performance data

PUC reviewing documents (Procurement Protocol)

Renewable Energy Contract to be awarded in 2009

34

Phase II Renewable

Pending Wind Study progress & completion of Phase I

In OCT 2008, GPA completed a site assessment for sitingof wind monitoring towersProcurement for Wind Towers and Data Collection/Analysis is dependent on land acquisition – still in progress

GPA intends to issue Phase II Renewable bid late 2009

35

Engineering Division

Construction Projects for FY 2008

Major Activities for FY 2009

36

CONSTRUCTION FY 2008

Harmon to Tumon 34.5 kV UG -COMPLETED Tamuning to Tumon 34.5 kV UG -

COMPLETED

Harmon to Tanguisson – 34.5 KV UG - CONSTRUCTION

San Vitores to Macheche 34.5 kV UG -CONSTRUCTION

37

CONSTRUCTION FY 2008

Macheche – GAA 34.5 kV UG -CONSTRUCTION

Harmon to GIAT Reconductoring -COMPLETED

Fire Protection Upgrade at Dededo CT - CONSTRUCTION

38

FY 2009 MAJOR ACTIVITIES

39

Substation/Transmission Engineering

HARMON – TANGUISSION 34.5 KV UNDERGROUND LINESLine #1 (X93/X103) Energized January 29, 2009Line #2 (X86/X101) Energized on February 12, 2009Pending: Fiber installation, removal of conductors & poles

MACHECHE TO SAN VITORES 34.5 KV UNDERGROUND LINE55% Complete – Construction

MACHECHE TO GAA 34.5 KV UNDERGROUND LINE56% Complete - Construction

AGANA 115/34.5 KV BREAKER REFURBISHMENTOrdering BreakersEstablishing Interconnection Drawings

SYSTEM PROTECTION UPGRADE - OngoingMARBO – PAGAT TRANSMISSION LINE - DesignROUTE 2A TRANSMISSION LINE - DesignOROTE/COLD STORAGE/SRF UPGRADE - Design

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Northern Underground Projects Linking The Macheche CT And Tanguisson Power Plants

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P-27P-330 Reconductoring & UpgradeP-321 New FeederDistribution System Medium Range Planning & Performance AnalysisLarge Customers – In Progress

Talo Verde EstatesParadise Estates Phase IIParadise Estates Phase IIIIronwood Glenn Pago BayOutrigger ExpansionAdacao Elementary

Distribution Engineering

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Fuel Oil Pipeline Underground Conversion (From Barrigada Post Office to Airport Access Road)

DesignGPA Upgrade Fire Protection & Smoke Alarm at the Dededo CT Power Plant

Construction in Progress – 60% CompletedGPA Upgrade Fire Protection & Smoke Alarm at the Macheche CT Power Plant - BidMET Tower Structural Repair - Bid8-Inch USN Pipeline Cathodic Protection - Bid

Project Management Engineering

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Other Major Ongoing Projects

GIS Implementation PlanNet Metering Program ImplementationPre Paid Metering Program ImplementationAutomated Generation Control Implementation - RFP

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Questions and Comments

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LEAC and Oil Prices Update Final - guampowerauthority.com · 6 • GPA has spent $ 970 M for Fuel...

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Transcript of LEAC and Oil Prices Update Final - guampowerauthority.com · 6 • GPA has spent $ 970 M for Fuel...