(a) Under AS
42.05.780, an electric reliability organization shall submit a proposed
integrated resource plan to the commission. The integrated resource plan must
address a forecast period of not less than 20 calendar years from the date of
filing and must include portfolios, including a preferred portfolio, each of
which must comply with the electric reliability organization's reliability
standards and certificate requirements. The integrated resource plan must
(1) contain an executive summary that
provides
(A) the goals and objectives of the
integrated resource plan; and
(B) a
summary of the integrated resource plan process and approach;
(2) contain a description and
explanation of the planning environment used in preparing the integrated
resource plan that includes
(A) the layout of
the interconnected bulk-electric system, including generation, storage,
transmission, and system control assets;
(B) a discussion of how the integrated
resource plan has considered
(i) relevant
municipal, tribal, state, and federal mandates, directives, and policies
governing resources included in the integrated resource plan;
(ii) known or reasonably estimated
constraints on the availability or price of generation fuel sources;
and
(iii) the effect of the
planning environment on reliability and cost of power;
(C) the primary planning assumptions that
were incorporated in the plan; and
(D) identification of all exemptions from
municipal planning decisions under
AS
42.05.641 required to implement the
integrated resource plan and an explanation of why those exemptions cannot be
avoided;
(3) contain a
discussion, including an analysis and technical assessment, of the full range
of resource options evaluated in the development of the resource portfolios
that meet projected or existing unmet needs in the interconnected bulk-electric
system; the discussion
(A) must consider the
resource options specified in AS 42.05.780(a) and projected
retirements;
(B) may consider
resource options that include one or more of the following:
(i) customer voluntary interruptible
programs;
(ii) distributed energy
resources;
(iii) market
purchases;
(iv) other resource
options identified by the electric reliability organization;
(C) as part of the analysis of
these resource options, must describe and support the following elements:
(i) model input assumptions;
(ii) models and techniques used;
(iii) model sensitivities and scenarios
considered;
(iv) the resource
option's availability, reliability, and cost; and
(v) the applicable time horizon;
and
(D) may consider a
resource option to be cost-effective for purposes of AS 42.05.780(a) in
delivering a given quantum of service only if the resource option meets one or
more criteria in (6) of this subsection at minimum expected cost, considering
the risks specified in (4)(A)(i) and (ii) of this subsection and other risks
proposed by the electric reliability organization;
(4) contain a presentation and analysis of at
least two resource portfolios
(A) that each
satisfy one or more criteria in (6) of this subsection at lowest reasonable
cost, consistent with each load-serving entity's obligations, and with
satisfaction being shown through detailed and consistent analysis to minimize
the cost of the resource portfolio's mix of resource options, given due
consideration of
(i) risks affecting resource
option costs;
(ii) risks associated
with the ability of applicable resource options, either collectively or
individually, to provide service when needed;
(iii) effects on system operation;
and
(iv) effects on the
environment; and
(B)
that, for each portfolio, describe and support the resource portfolio modeling
relied upon, including
(i) input
assumptions;
(ii) models and
techniques; and
(iii) sensitivities
and scenarios;
(5) contain an explanation why the preferred
portfolio, chosen from the resource portfolios described in (4) of this
subsection, provides greatest value;
(6) for purposes of (4)(A) and (5) of the
subsection, use one or more criteria for determining greatest value that
include
(A) the satisfaction of the needs of
the customers of each load-serving entity;
(B) interconnected bulk-electric system
reliability;
(C) interconnected
bulk-electric system resiliency;
(D) costs or benefits to the environment;
and
(E) other considerations
proposed by the electric reliability organization;
(7) provide a demand forecast, except as
provided in (8) of this subsection, using a uniform demand-forecasting
methodology for all load-serving entities in the interconnected bulk-electric
system when estimating future demand;
(8) as an alternative to the demand forecast
required under (7) of this subsection, provide a demand forecast using multiple
demand-forecasting methodologies for the load-serving entities in the
interconnected bulk-electric system when estimating future demand if
(A) multiple methods are needed to reasonably
estimate future demand;
(B) the
integrated resource plan explains why a uniform demand forecasting methodology
cannot most reasonably estimate future demand; and
(C) the integrated resource plan identifies
the multiple demand-forecasting methods used and explains the differences in
how each method forecasts load;
(9) reflect a planning area that
(A) includes the entirety of the
interconnected bulk-electric system;
(B) identifies resource options, resource
portfolios, and, as applicable, specific projects or project portfolios without
regard to service territory boundaries within the interconnected bulk-electric
system, while satisfying each load-serving entity's obligations; and
(C) excepting resources that a load-serving
entity must acquire under federal law, includes only those specific and defined
large energy projects that have been sized to ensure that available economies
of scale have been reasonably maximized in light of projected demand;
and
(10) contain, for
the electric reliability organization, an action plan that provides a
non-binding framework for implementing the preferred resource portfolio and
that includes
(A) a process for determining
the entities that will be involved in the procurement;
(B) a process for ensuring that the means for
satisfying needs are accomplished at the lowest reasonable cost;
(C) a process by which load-serving entities
of the interconnected bulkelectric system determine how they will apportion
cost responsibility for the measures that satisfy the needs identified in the
integrated resource plan; and
(D) a
schedule of key activities and timelines.
(b) The commission may waive or modify by
order the requirements of this section, in whole or in part, upon application
and a showing of good cause or on the commission's own motion, if the waiver
does not also require a waiver of the requirements set out in AS 42.05.780.