The Company proposes to conduct a detailed cost analysis that incorporates all the costs attributed to each Project as contained in the Proposers’ Proposal including, but not limited to: Capacity Charge (for PPA Proposals), Total Capital Cost (for Self-Build Option ) Fixed O&M Charge Energy Charge Variable O&M Charge Transmission System Impact Cost associated with Imputed Debt Best and Final Offer The Company will solicit a modified Best and Final Offer from Proposers selected to the Short List. Proposers will have the opportunity to update (downward only) the following pricing elements of their Proposal: Capacity Charge Rate in $/kW-mo Fixed O&M Component Rate in $/kW-mo (including an indication of whether this component is to be escalated annually) Fuel Component in $/kWh Per kWh Variable Component of the Variable O&M Component in $/kWh (including an indication of whether this component is to be escalated annually) Per Hour Variable Component of the Variable O&M Component in $/hr (including an indication of whether this component is to be escalated annually) If a Proposer does not modify its Proposal, the original Proposal will be deemed its Best and Final Offer. Proposers will not be allowed to increase the pricing in their Proposals to address interconnection and/or system upgrade costs or for any other reason. If selected to the Short List, the Self-Build Option will also have the same opportunity to provide a Best and Final Offer in accordance with the terms of this RFP. The Best and Final Offer for the SelfBuild Option will be due prior to the Best and Final Offers for all other Proposers, as specified on Table 1. Detailed Evaluation The Best and Final Offers of the Short Listed Proposals will be further analyzed as described in Appendix L, to determine the optimal portfolio of Proposals for the Company system’s needs as identified for the island of Maui in the Company’s PSIP Update: December 2016. Every Proposal on the Short List will not necessarily be included in the final optimized portfolio of proposals. Selection of the Final Award Group on the results of the Detailed Evaluation and review with the Independent Observer, the Company will select a Final Award Group from which to begin contract negotiations.
The Company proposes to conduct a detailed cost analysis that incorporates all the costs attributed to each Project as contained in the Proposers’ Proposal including, but not limited to: Capacity Charge (for PPA Proposals), Total Capital Cost (for Self-Build Option ) Fixed O&M Charge Energy Charge Variable O&M Charge Transmission System Impact Cost associated with Imputed Debt Best and Final Offer The Company will solicit a modified Best and Final Offer from Proposers selected to the Short List. Proposers will have the opportunity to update (downward only) the following pricing elements of their Proposal: Capacity Charge Rate in $/kW-mo Fixed O&M Component Rate in $/kW-mo (including an indication of whether this component is to be escalated annually) Fuel Component in $/kWh Per kWh Variable Component of the Variable O&M Component in $/kWh (including an indication of whether this component is to be escalated annually) Per Hour Variable Component of the Variable O&M Component in $/hr (including an indication of whether this component is to be escalated annually) If a Proposer does not modify its Proposal, the original Proposal will be deemed its Best and Final Offer. Proposers will not be allowed to increase the pricing in their Proposals to address interconnection and/or system upgrade costs or for any other reason. If selected to the Short List, the Self-Build Option will also have the same opportunity to provide a Best and Final Offer in accordance with the terms of this RFP. The Best and Final Offer for the SelfBuild Option will be due prior to the Best and Final Offers for all other Proposers, as specified on Table 1. Detailed Evaluation The Best and Final Offers of the Short Listed Proposals will be further analyzed as described in Appendix L, to determine the optimal portfolio of Proposals for the Company system’s needs as identified for the island of Maui in the Company’s PSIP Update: December 2016. Every Proposal on the Short List will not necessarily be included in the final optimized portfolio of proposals. Selection of the Final Award Group on the results of the Detailed Evaluation and review with the Independent Observer, the Company will select a Final Award Group from which to begin contract negotiations.