California Utilities' Long Term Resource Plans
Synapse testified and prepared recommendations to the California PUC with regard to California's long-term resource plans for electric utilities. In particular, Synapse focused on making sure plans were clear, comprehensive, forward-looking, and integrated, especially with respect to renewables generation and energy efficiency. To do this, Synapse focused on the concept of scenario planning with respect to carbon emission regulation and gas price forecasts, as well as making sure that transmission lines would be in place to serve renewable generation facilities. In addition, Synapse examined the effect of debt equivalency on long-term contracts for renewables. As a result of our contribution, the CPUC lowered the value of debt equivalency on all long-term contracts. In addition, the CPUC adopted our recommendation regarding carbon and other greenhouse gas emissions with regard to their use in fossil fuel plants. Specifically, the CPUC will consider cleaner generation sources more cost-effective than fossil fuel plant generation sources if the cleaner generation sources prevent carbon emissions at a cost of less than $8 - $25 per ton. Project completed in December 2004.