Pursuant to statute, PG&E’s RPS Procurement Plan (Plan) includes an assessment of RPS supply and demand to determine the optimal mix of renewable generation resources, description of existing RPS portfolio, description of potential RPS compliance delays, status update of projects within its RPS portfolio, and an assessment of the project failure and delay risk within its RPS portfolio. The Commission reviews procurement to verify that the utility is acting in accordance with its Commission-approved procurement plan. In PG&E’s 2016 RPS Plan, PG&E asserts that it is well positioned to meet the current 33% RPS target by 2020, as well as meet its RPS compliance requirements for the second (2014-2016), third (2017-2020), and fourth (2021-2024) compliance periods. Based on that assessment, PG&E stated that it will not have an incremental RPS physical need until at least 2026. As a Commission-approved PPA, the Java Solar facility was assumed in D.16-12-044 as a facility that would contribute to RPS supply in PG&E’s portfolio. Consistent with the procurement projections from its 2016 RPS Plan, PG&E explains through AL 5126-E that the amendment will move the COD closer to when RPS generation is needed (from 2017 to 2020) and reduce the total volume of deliveries, resulting in decreased total Project payments for PG&E and its customers. Based on PG&E’s assessment of RPS portfolio supplies and demand outlined in both its 2016 RPS Plan and AL 5126-E, the amendment does not change the amount of RPS supply in any significant way. Therefore, the amended Java Solar PPA is consistent with the RPS portfolio projections from PG&E’s 2016 RPS Procurement Plan, as approved by D.16-12-044. Consistency with PG&E’s Least-Cost, Best-Fit Methodology (LCBF) In D.04-07-029, the Commission directs the utilities to use certain criteria in their LCBF selection of renewable resources. The decision offers guidance regarding the process by which the utility ranks bids in order to select or “shortlist” the bids with which it will commence negotiations. As described in its RPS Procurement Plan, PG&E’s LCBF bid evaluation includes a quantitative analysis and qualitative criteria. PG&E’s quantitative analysis or market valuation
Pursuant to statute, PG&E’s RPS Procurement Plan (Plan) includes an assessment of RPS supply and demand to determine the optimal mix of renewable generation resources, description of existing RPS portfolio, description of potential RPS compliance delays, status update of projects within its RPS portfolio, and an assessment of the project failure and delay risk within its RPS portfolio. The Commission reviews procurement to verify that the utility is acting in accordance with its Commission-approved procurement plan. In PG&E’s 2016 RPS Plan, PG&E asserts that it is well positioned to meet the current 33% RPS target by 2020, as well as meet its RPS compliance requirements for the second (2014-2016), third (2017-2020), and fourth (2021-2024) compliance periods. Based on that assessment, PG&E stated that it will not have an incremental RPS physical need until at least 2026. As a Commission-approved PPA, the Java Solar facility was assumed in D.16-12-044 as a facility that would contribute to RPS supply in PG&E’s portfolio. Consistent with the procurement projections from its 2016 RPS Plan, PG&E explains through AL 5126-E that the amendment will move the COD closer to when RPS generation is needed (from 2017 to 2020) and reduce the total volume of deliveries, resulting in decreased total Project payments for PG&E and its customers. Based on PG&E’s assessment of RPS portfolio supplies and demand outlined in both its 2016 RPS Plan and AL 5126-E, the amendment does not change the amount of RPS supply in any significant way. Therefore, the amended Java Solar PPA is consistent with the RPS portfolio projections from PG&E’s 2016 RPS Procurement Plan, as approved by D.16-12-044. Consistency with PG&E’s Least-Cost, Best-Fit Methodology (LCBF) In D.04-07-029, the Commission directs the utilities to use certain criteria in their LCBF selection of renewable resources. The decision offers guidance regarding the process by which the utility ranks bids in order to select or “shortlist” the bids with which it will commence negotiations. As described in its RPS Procurement Plan, PG&E’s LCBF bid evaluation includes a quantitative analysis and qualitative criteria. PG&E’s quantitative analysis or market valuation