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October 27, 2017 October 27, 2017 1 THE NEW YORK POWER AUTHORITY Evan Kolkos Manager - Customer Business Development Customer Energy Solutions

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Page 1: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017

October 27, 2017 1

THE NEW YORK

POWER

AUTHORITYEvan Kolkos

Manager - Customer Business Development

Customer Energy Solutions

Page 2: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017

October 27, 2017 2

Who We Are

• The nation’s largest state-owned utility

• Generate and transmit clean, low-cost power to public

facilities and job-creating entities across New York State

• Energy Services Business provides Energy Efficiency

Solutions, Metering Programs and Renewables

• Serve a diverse public customer base focusing on:

– SUNY and other State Agencies

– Local Governments

– Public Schools

Page 3: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 33

New York Power Authority Overview

▪ Established in 1931 by act of the New York Legislature

▪ Began operating St. Lawrence-FDR Power Project in 1958

▪ Funded through operating activities and private debt

▪ 1,400 circuit-miles of transmission lines

▪ 16 hydro and natural gas generation plants with combined boilerplate rating of almost 6 GW

Assets

▪ Sustain more than 380,000 jobs through economic development

▪ Invest over $250MM each year in efficiency projects

▪ Further clean energy and new electric system technology and development

Impact

Page 4: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 4

Our Program ParticipantsPublic Authority’s Law authorizes NYPA to finance and design, develop,

construct, implement, provide and administer energy-related projects,

programs and services for:

• Any public entity

• Any not-for-profit institute of higher education within NYS

• Any public or nonpublic elementary or secondary school

• Any recipient of NYPA’s economic development power programs

• Any municipal distribution agency power

Page 5: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 5

NYPA Programs, Services & Financing

Turnkey Energy Solutions

NYPA serves as a trusted energy partner to implement energy projects through

design, simplifying the procurement process, ensuring on-time results, and

achieving cost savings for customers

• No upfront costs until the energy-saving project is completed

• Low cost financing available if approved

Advisory Services

Energy advisory and implementation• NYPA functions as an owner’s representative for the customer to facilitate

contracting with a developer to design, permit and construct a project

• Solar Power Purchase Agreement (PPA)

• Prepay PPA

• Direct Ownership

• CDG

Page 6: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 6

Established by Order of the PSC on August 1, 2016 Intended to

achieve the goals of the State Energy Plan

Goal:

• 50% renewable electricity by 2030

• 40% GHG reduction by 2030

Background:

• CES replaces former RPS program

• Achieved 30% renewable energy by 2015

• Funded through System Benefits Charge

• Central procurement administered by NYSERDA

Clean Energy Standard (CES)

Page 7: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 7

State Renewable Energy Targets Year REC %

2018 1.1%

2019 2.0%

2020 3.4%

2021 .8%

2030 ± 22%

0.0%

5.0%

10.0%

15.0%

20.0%

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

• Currently at ~26% renewable• Additional 33,700 GWh required

Page 8: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 8

NYPA is currently implementing solar, storage, micgrogrid, and

resiliency (Solar + Storage) projects throughout the state for our

customers

Organizational approach:

• 26 firms for renewable & distributed energy expedited

implementation services

• Design Build and Third Party (PPA)

• Develop a streamlined program to ensure best value for the

customer

• Acceleration and development

• Reduce barriers

Renewables and DER’s

Page 9: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 9

• State’s first energy management

network operations center

• Real-time data on energy use

• Improve building energy performance

and lower State’s utility bills

• Located at the SUNY Polytechnic

Institute in Albany

Metering & New York Energy Manager

Page 10: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 10

Current LSR RFP

• Clean Energy Standard:

50% Renewables by 2030

• Customer renewable goals

• Drive low-cost proposals

Contracting / Financing

OptionsTechnology Product

•Energy, Capacity, & RECS

•Energy & RECS

Prepaid PPA •Energy, Capacity, & RECS

(In-state projects only) •Energy & RECs

•RECs

Purchase Sale Agreement Wind, Solar •RECs

Standard PPAWind, Solar, Biomass,

Hydro

Wind, Solar

Page 11: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 11

Response

• Proposals submitted September 8

• Very strong response

• 130 projects from 51 developers

• All technologies represented

• Projects proposed statewide

• Multiple sizes and variety offered

Page 12: THE NEW YORK POWER AUTHORITY · New York Power Authority Overview Established in 1931 by act of the New York Legislature Began operating St. Lawrence-FDR Power Project in 1958 Funded

October 27, 2017 12

Thank You

Evan Kolkos

Manager - Customer Business Development

[email protected]