Attachment B
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Integrated Resource Plan (IRP)
Objective and Strategies
IRP Objective
To provide safe, reliable, environmentally sustainable and cost -effective electricity supplies and services to all customers.
IRP Strategies
1. Pursue an Optimal Mix of Supply -side and Demand-side Resources: When procuring to meet demand, pursue an optimal mix of resources that meets the IRP Objective, with cost- effective energy efficiency, distributed generation, and demand -side resources as preferred resources. Consider portfolio fit and resource uncertainties when evaluating cost-effectiveness.
2. Maintain a Carbon Neutral Supply: Maintain a carbon neutral electric supply portfolio to meet the community’s greenhouse gas (GHG) emission reduction goals.
3. Actively Manage Portfolio Supply Cost Uncertainties: Structure the portfolio or add mitigations to manage short-term risks (e.g. market price risk and hydroelectric variability) and build flexibility into the portfolio to address long-term risks (e.g. resource availability, customer load profile changes, and regulatory uncertainty) through diversification of suppliers, contract terms, and resource types.
4. Manage Electric Portfolio to Ensure Low est Possible Ratepayer Bills: Pursue resources in a least -cost, best-fit approach in an effort to ensure ratepayer bills remain as low as possible, while achieving other Council-adopted sustainability, rate, and financial objectives.
5. Partner with External Agencies to Implement Optimization Opportunities : Actively engage and partner with external agencies to maximize resource value and optimize operations.
6. Manage Supplies to Meet Changing Customer Loads and Load Profiles: Maintain electric supply resource flexibility in anticipation of potential changes in customer loads due to distributed energy resources, efficiency, electrification, or for other reasons. At the same time, use retail rates and other a vailable tools to influence customer load changes in a manner that minimizes overall costs and achieves other Council objectives.
7. Ensure Reliable and Low-cost Transmission Services: Work with the transmission system operator to receive reliable service in a least-cost manner.
8. Support Local Electric Supply Resiliency: Coordinate supply portfolio planning with utility-wide efforts to s upport local measures and programs that enhance community electric supply resiliency.
9. Comply with State and Federal Laws and Regulations: Ensure compliance with all statutory and regulatory requirements for energy, capacity, reserves, GHG emissions, distributed energy resources, efficiency goals, resource planning, and related initiatives.