Synapse Assisted the Town of Charlotte, Vermont in its participation before the Vermont Public Service Board in Docket No. 6860. The particular issue in dispute was the extent to which cost recovery would be available on a regional (New England) basis for various components of the new 115kV line being proposed by VELCO. Synapse provided analysis and testimony for the town and participated in hearings before the Public Service Board. Project completed in September 2006.
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Synapse reviewed issues associated with the proposed acquisition of Vermont Gas by Green Mountain Power. Project completed September 2006.
Synapse provided a valuation of a hydroelectric facility in Weybridge VT for property tax purposes. Project completed in January 2006.
Peter Bradford and David Schlissel presented “Why a Future for the Nuclear Industry is Risky” to the New York Society of Security Analysts. Risks discussed include concerns about credit worthiness of companies that pursue new nuclear plants and national security.
Synapse reviewed PSI Energy Inc.’s environmental compliance plan for NOx, SO2, and mercury air regulations, and prepared testimony addressing system planning, cost estimates for emission control technologies, climate policy and carbon prices, energy efficiency as a compliance option, renewable generation as a compliance option, and analysis of the retirement of older generating units. Synapse’s analysis and recommendations are presented in the Testimony of Bruce Biewald in Indiana Utility Regulatory Commission Cause Nos. 42622 and 42718, filed March 18, 2005. Project completed in May 2005.
Testimony Reviewing PSI Energy Environmental Compliance Plan Filing
Testimony Exhibits Reviewing PSI Energy Environmental Compliance Plan Filing
Synapse provided expert witness testimony in Docket Nos. 30485 (January 2005) and 30706 (March 2005) before the Texas Public Utility Commission. Neil Talbot and Robert Fagan testified in January on aspects of securitization of stranded costs by CenterPoint Energy Houston Electric, the T&D arm of the former Houston Light and Power. In a separate but related docket, Amy Roschelle testified in March on the appropriate interest rate to use in association with a competitive transition charge (CTC) for stranded assets. The thrust of the testimony of all three witnesses focused on ensuring a fair and reasonable stranded cost recovery process, a risk-adjusted rate of return, and minimizing the impact of charges to consumers. Project completed in May 2005.
Synapse, with Resource Insight, assisted the Utah Committee of Consumer Services with issues relating to potential renewable energy legislation. Synapse reviewed the treatment of renewable resources in PacifiCorp's integrated resource plan and assessed the economic impact of a renewable portfolio standard proposed by the legislature or reviewed by the Public Service Commission. Project completed in February 2005.
Synapse assisted RAP in evaluating the effects of recent state policies relating to renewable energy and energy efficiency on air emissions and the regional economy. The work, conducted for the U.S. EPA, included estimating the effect of programs such as utility efficiency funding and renewable portfolio standards since 2000, including avoided air emissions and impacts on regional jobs, income, and output. Project completed in June 2005.
Electric Energy Efficiency and Renewable Energy in New England: An Assessment of Existing Policies and Prospects for the Future
Synapse assisted New Brunswick Power in developing avoided costs for proposed energy efficiency programs. The programs were intended to be supported with a system benefits charge and to be implemented by an independent energy efficiency utility in New Brunswick. The analysis included a review of production cost model results, avoided energy costs, avoided capacity costs, avoided transmission and distribution costs, and consideration of greenhouse gas emission reduction credits. The analysis also included an assessment of the potential rate impacts of the efficiency programs. Project completed in March 2005.
Synapse prepared expert testimony regarding the avoided costs of wind generation in South Dakota. The project included the review and critique of avoided costs proposed by Montana-Dakota Utilities Company, as well as the review and critique of alternative avoided cost assumptions proposed by the wind developer. The testimony covered many aspects of avoided costs, including production cost modeling of energy costs, determination of the appropriate capacity value for wind generation, costs associated with integrating wind into an electricity system, and accounting for the costs of future climate change regulations. Direct testimony was submitted to the South Dakota Public Utilities Commission on February 18, 2005.
Synapse prepared testimony that addressed the proposed allowed return on equity (ROE) and rate of amortization for Central Vermont Public Service Corporation (CVPS). Synapse determined the appropriate ROE for CVPS by using the discounted cash flow (DCF) and CAPM models. The Company originally requested a 5.0 percent rate increase, although it later reduced its requested increase to 2.9 percent. In the end, the Board accepted Synapse’s ROE recommendation in full. As a result Vermont customers’ rates were reduced by approximately 1.88 percent commencing April 1, 2005. Project completed in April 2005.
Synapse was retained by the Sierra Club to assist in its litigation concerning the Stuart Station coal-fired generating facility in Ohio. Project completed in 2005.
Synapse contributed four chapters to EPA's guidebook of policies that states can implement to advance clean energy activities. These chapters address:
- integrating energy efficiency and renewables into air quality planning,
- integrating energy efficiency and renewables into state and regional energy planning,
- identifying and describing the financial incentive (and disincentive) mechanisms for clean energy and energy efficiency associated with state-level ratemaking structures for electric and gas utilities, and
- the role of clean energy in integrated resource planning and portfolio management.
The guidebook can be found on the EPA's website here: http://epa.gov/cleanenergy/stateandlocal/guidetoaction.htm.
Project completed in December 2005.
Synapse prepared comments for use by TURN; a pre-workshop memorandum on the California PUC's proposal titled "An Incentive Framework for Utility Procurement of Energy Resources Modeled After Cap-and-Trade Principles of the Sky Trust," issued as Appendix B to the PUC's 4/6/04 Order Initiating Rulemaking (OIR). Synapse also considered the OIR itself, the ALJ's scheduling ruling of 11/23/2005, and the "Addendum to the Sky Trust Proposal: Alternative Approaches to Elements of the Policy Framework" of 2/3/2005. Synapse considered the strengths and weaknesses of the Proposal at a conceptual level and a nuts-and-bolts level. The proposal set out one model for a cap-and-trade system for greenhouse gas (GHG) emissions and certain alternatives to that model. The proposed system was described as applying to the resource selection and management the state's electric IOUs, to the natural gas distribution companies, or both. The documents briefly alluded to additional financial incentives for IOUs that related various ways to the proposed cap-and-trade system. Synapse's comments primarily related to the proposed cap-and-trade system as applied to an electric IOU and the financial incentive issue. Project completed in February 2005.
Synapse advised Public Service Commission Staff in Delaware on alternatives for procuring power to serve default customers as provided for in the State's restructuring law and assisted the PSC Staff in the conduct of a multi-party workshop process considering those alternatives. Synapse examined issues of acquisition of generation supply and the management of a resource portfolio to provide bundled generation service to residential, commercial, and industrial customers and assisted staff in successful multi-party settlement negotiations. Project completed in September 2005.
Synapse provided an economic valuation of the Bellows Falls hydroelectric facility as of April 2004 for the Town of Rockingham, VT. Project completed in March 2005.
Synapse analyzed proposed changes to Green Mountain Power's electric rate designs. William Steinhurst prepared testimony recommending the modification of tariffs for residential customers to improve fairness and encourage energy efficiency. Project completed in June 2005.
Prefiled Surrebuttal Testimony Analyzing Proposed Changes to Green Mountain Power Electric Rate Designs
Bruce Biewald presented “Energy Efficiency in the Northeast” at the ACEEE National Conference on Efficiency as a Resource in Berkeley, California in September 2005.
With a grant from the Massachusetts Technology Collaborative, Synapse performed a feasibility study of opportunities for advanced energy efficiency and alternative energy technologies. The overall goal of the study was to develop a list of technologies that will eventually be provided through low-income efficiency programs currently offered in Massachusetts. The study first addressed a list of all renewable technologies and emerging efficiency technologies that might be applicable to single-family and multi-family homes in Massachusetts. Synapse then screened these technologies on the basis of costs, savings, cost-effectiveness and applicability to develop a priority list of potential technologies. Those technologies remaining on the priority list were reviewed further for implementation issues related to low-income housing. Project completed in June 2005.
Synapse investigated the impact that converting the four unit Danskammer generating facility to closed-cycle cooling would have on Dynegy's net pre-tax earnings from the sale of the facility's energy and capacity. Project completed in December 2005.
Synapse assisted the OPC in addressing many issues regarding the implementation of the renewable portfolio standard law in Maryland. Some of the key issues included the development of the Generator Attribute Tracking System at PJM, ensuring that necessary information is provided and processed appropriately, mitigating any market power problems in the renewable energy credit market, establishing appropriate compliance requirements, and ensuring that the requirements of the RPS law are met. Project completed in August 2005.
Synapse Energy Economics and the Regulatory Assistance Project, under a contract with the California Energy Commission (CEC) and the National Renewable Energy Laboratory (NREL), undertook to survey state policy on rates for partial requirements customers. We reviewed more than a dozen states, diverse both in their geography and in the structures of their electric industries. Through review of regulatory proceedings, tariffs, publications, and interviews, we identified a number of approaches to stand-by and associated rates that deserve policymakers' attention if they aim to promote the deployment of cost-effective distributed generation in their states. Project completed in December 2005.
Synapse assisted the General Staff of the Arkansas Public Service Commission to address resource planning and power procurement issues. Synapse reviewed the filings made by each of the four investor-owned electric utilities in Arkansas for compliance. As part of this review, Synapse evaluated each utility’s financial and production costing models, energy supply forecasting, demand analysis, load forecasting, and other pertinent data and issues. Project completed in June 2005.
Synapse assisted the NJ DRC with a technology and metering study focusing on residential and small commercial customers. The study was designed to look at the electricity use behaviors of four different groups of customers with various rates, metering technologies, and educational materials. Synapse helped select the technology vendors and the particular technologies that were evaluated. Synapse also helped determine the data to collect and evaluate in assessing experimental results. Project completed in September 2005.
Synapse analyzed different methods to estimate emission reductions from energy efficiency measures and renewable energy generation. Building on previous work for the Commission for Environmental Cooperation, Synapse evaluated methods that rely on power system dispatch models and methods that rely on simplifying assumptions to estimate emission reductions. The project objective was to help state and local air officials determine the best method for estimating emission reductions in a given situation, given key characteristics of the local power system and the amount of resources available for this assessment. Project completed in July 2005.
Amy Roschelle presented “New Jersey’s Proposed 20% Renewable Portfolio Standard: How to link NJ RPS benefits with NJ BGS portfolio management benefits” on February 22, 2005.
Synapse assisted ELPC in the Nuclear Regulatory Commission docket on Exelon’s proposal for an Early Site Permit for the construction of a new nuclear generating unit at the Clinton site. Synapse reviewed Exelon’s analysis of alternatives to the proposed action, the environmental impacts of the various alternatives, and the relevant sections of the Nuclear Regulatory Commission’s Draft Environmental Impact Statement. Project completed in May 2005.
Synapse evaluated the technical and economic issues related to Pacific Gas and Electric’s decision to replace the steam generators at the Diablo Canyon Nuclear Power Plant. Project completed in May 2005.
Synapse provided the Pennsylvania Office of Consumer Advocate for 2004-2005 with technical and policy analyses, reports, and staff support for numerous issues related to the PJM control area. Synapse addressed resource adequacy, demand response programs, generation retirement, regional planning, cost allocation of new transmission and generation projects, and cost impacts of PJM proposals on retail consumers. Synapse attended meetings on behalf of PA OCA and provided further assistance in developing specific options and positions for FERC proceedings. Project completed in June 2005.
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