Eversource Energy (D/B/A) · NYSE:ES
Eversource Energy (D/B/A) — Eversource Energy — Non-Residential Renewable Energy Solutions Program Bidders Conference (February 2023)
55 slides from Eversource Energy (D/B/A)'s conference presentation, Feb 7, 2023
Slide 1: Non-Residential Renewable Energy Solutions Program Bidders Conference
Laura Perbeck, Aaron Dubauskas – Eversource Danielle Certa, John King – United Illuminating NON-RESIDENTIAL RENEWABLE ENERGY SOLUTIONS PROGRAM BIDDERS CONFERENCE FEBRUARY 7, 2023
Slide 2: Webinar recording and tariff agreement notice
This webinar is being recorded by the EDCs. If you do not consent to being recorded as a participant in the webinar, please exit the call. In the event of any inconsistency between the provisions of the NRES RFP or any part of this presentation, the provisions of the Tariff Agreement are controlling
Slide 3: Questions
Questions ▪ Please hold questions until the end of the presentation ▪ After presentation – Email questions to both companies: ▪ Ctcommrenewables@eversource.com ▪ NRES@uinet.com ▪ General Q&A’s will be added to our running Q&A document
Slide 4: Agenda
Agenda Objectives Background and Overview Procurement Process Bid Submission and Agreement Execution Questions 4
Slide 5: Objectives
OBJECTIVES 1. Foster the sustained, orderly development of the state’s Class I renewable energy industry; 2. Deploy the full megawatt capacity allowable under statute, to the extent possible (see Conn. Gen. Stat. § 16-244z(c)(1)(A)); 3. Ensure least-cost outcomes through the annual solicitation proc
Slide 6: Background and Overview
Background and Overview ▪ PA 19-35 and PA 22-14 ▪ Year 2 NRES Program: CT PURA Docket No. 22-08-03 ▪ 20-year tariff term ▪ 6-years of competitive procurements ▪ 110 MW per year (years 2-6) – Eversource=88MW, UI=22MW ▪ Two tariff options: Buy-All or Netting 6
Slide 7: Key Definitions for NRES
Key Definitions for NRES • Beneficial Account • All individually numbered accounts (i.e., meters) of one in-state retail end user eligible to receive monetary bill credits associated with the energy produced at a Customer Host account. • Bidder • Bidder is defined as the individual or business submi
Slide 8: Two Tariff Options: Buy-All and Netting
Two Tariff Options Buy-All Netting • Customer exports all electricity produced by their • Energy generated by the renewable system is first renewable energy project to the grid directly without used to offset the property’s consumption. supplying power to their property. • At the end of the month, i
Slide 9: Buy-All
Buy-All BUY-ALL Send all production to grid; Purchase all for building load. Utility Revenue/ Production Meter Customer receives quarterly payments for all energy and RECs. Customer can elect for a percentage of the total compensation to be assigned to a third party. Any remaining compensation will
Slide 10: Netting
Netting NETTING Revenue Meter (Bi-Directional) The value of the energy will be credited to the customer's monthly bill. The customer can choose to either receive quarterly direct payment for the RECs, or they can assign all or a portion of the value of the RECs to a third party.
Slide 11: February RFP Schedule
February RFP Schedule* Action Item Date Release of RFP and Opening of Bid Window for All February 1, 2023 Project Size Categories Bidders Conference – Webinar Only February 7, 2023 Deadline for Submission of Questions February 14, 2023 Bid Forms Due for Medium and Large Zero Emission and March 14, 2
Slide 12: Solicitation Process
Solicitation Process • 110 MW Yearly Procurement for solicitation years 2-6 • Non-Residential systems up to 5 MW (AC) are eligible • Projects are selected based on: • Bid prices for the Medium Zero, Large Zero, and Low Emission categories • First-come, first-served basis for Small Zero Emission • 3
Slide 13: 2023 Capacity Allocations
2023 Capacity Allocations Eversource Year 2 MW Allocations United Illuminating Year 2 MW Allocations February August Project February August Project Project Size Eversource Project UI Category Solicitation Solicitation Selection Category Solicitation Solicitation* Selection (AC) MW/Year Size (AC) MW
Slide 14: Project Eligibility
Project Eligibility ✓ Must be less than or equal to 5 MW in size ✓ One bid accepted per Revenue Meter per ✓ CT Class I Technology technology ✓ Located in Companies’ territories ✓ LREC/ZREC or SCEF projects of the same ✓ Must interconnect to applicable Company’s technology must be In-Service or Termi
Slide 15: Buy-All Price Caps
Buy-All Price Caps • Bid prices must be entered in $/MWh • For the Medium, Large, and Low Emission categories, Bids are selected from lowest to highest evaluated bid price • The Small Zero Emission Category receives the set price of $200.97/MWh NRES Buy-All Price Caps Category Price Cap Small Zero E
Slide 16: Netting Price Caps – United Illuminating
Netting Price Caps – United Illuminating UI Year 2 NRES Program Netting Tariff Rate and Price Caps by Project Size Category, Rate Class, and Technology ($/REC) Rate Class Small Zero Emission Medium Zero Large Zero Emission Low Emission Netting Tariff Rate Emission Netting Netting Price Cap Netting P
Slide 17: Netting Price Caps – Eversource
Netting Price Caps – Eversource Eversource Year 2 NRES Program Netting Tariff Rate and Price Caps by Project Size Category, Rate Class, and Technology ($/REC) Rate Class Small Zero Emission Medium Zero Emission Large Zero Emission Low Emission Netting Netting Tariff Rate Netting Price Cap Netting Pr
Slide 18: Bid Preferences
Bid Preferences • Bid Preferences available for Year 2 are as follows: • Brownfield=20% • Landfill=20% • Distressed Municipality=20% • Subject to PURA’s approval, EDCs intend to apply DM bid preference as follows: • Non-SAM projects, preference is location based (project must be built in DM) • For S
Slide 19: Bid Submission to Tariff Agreement Execution
BID SUBMISSION TO TARIFF AGREEMENT EXECUTION 19
Slide 20: Step 1: How to Submit a Bid
STEP 1 How to Submit a Bid in the Year 2 RFP 20
Slide 21: Bid Process
BID PROCESS • All documents must be submitted to the respective EDC • Low Emission, Large Zero Emission, Medium Zero Emission categories: • Bids accepted from Feb 1, 2023, until March 14, 2023, at 1 PM (EPT) • Small Zero Emission category: • Bids accepted from Feb 1, 2023, until May 1, 2023, at 1 PM
Slide 22: Eversource Online Bid Form
EVERSOURCE ONLINE BID FORM • Form is filled out online in PowerClerk • All Required Bid documents are available on the Eversource NRES Webpage along with all Program Documents • You can use an existing PowerClerk account to access the Eversource NRES Bid Portal • If you already have a PowerClerk acc
Slide 23: UI Online Bid Form
UI ONLINE BID FORM • Form is filled out online on PowerClerk • All Required Bid documents are available on the RFP for NRES Webpage along with all Program Documents • You can use an existing PowerClerk account to access the UI Non-Residential Bid Portal • If you already have a PowerClerk account and
Slide 24: Bid Attachments
Bid Attachments ▪ Eversource: Bid Attachments are uploaded during Step 12: Attachments in the Bid portal ▪ UI: Bid Attachments are uploaded throughout the Bid Portal as noted in the UI Bid Portal Instructions 24
Slide 25: Bid Attachments: Bid Certification Form
Bid Attachments: Bid Certification Form • Mandatory for all Bids. Submit as a single PDF file to the relevant EDC’s Bid Portal. • 5+ Page Bid Certification Form • Page 1: Instructions • Page 2: Bidder’s signature – Bidder is the individual or entity submitting the Bid • Page 3: Tariff Agreement Cust
Slide 26: Bid Attachments: Documents Proving Site Control
Bid Attachments: Documents Proving Site Control • Site Control must be attached to the Bid Certification Form • Mandatory for All Bids • Requirement can be met by providing copies of any of the following: • Deeds • Including but not limited to: Warranty Deed, Quit Claim Deed, Executor’s Deed, Truste
Slide 27: Bid Attachments: Documents Proving SAM Project Site Ownership
Bid Attachments: Documents Proving SAM Project Site Ownership • Site Ownership must be evidenced by SAM Customer Host • Mandatory for All SAM Bids • For Projects where a State, Agricultural, or Municipal (SAM) account is acting as a Customer Host, the SAM Customer Host account must demonstrate owner
Slide 28: Bid Attachments: 12 Month Historical Load Templates
Bid Attachments: 12 Month Historical Load Templates • Mandatory for All Bids that are required to provide Historical Load Data • 12 consecutive months of load data must be provided to determine whether the proposed Project is appropriately sized to Project Site load • Can be from up to five years pr
Slide 29: Historical Load Data Continued
Historical Load Data Continued • “Green Button” functionality • Allows the download of up to 36 months of historical data for Eversource customers and 12 months of historical for UI customers via excel • Eversource: • Access the Green Button functionality for Eversource via this link • Users may acc
Slide 30: Bid Attachments: Most Recent Customer Bill
Bid Attachments: Most Recent Customer Bill • Mandatory for All Bids that are not New Construction • Customer of Record on the most recent Customer Bill should match the Customer of Record information provided • SAM Projects • Most recent customer bill of the SAM Customer Host Account must be provide
Slide 31: Bid Attachments: CT Licensed PE Certification
Bid Attachments: CT Licensed PE Certification • Applicable to some Bids outlined below • Required in place of Historical Load (kWh AC) in the following situations: • Project Site has existing generation installed that is expected to be removed within five years • Project Site is considered ‘New Cons
Slide 32: Bid Attachments: Certificate of Carbon Neutrality
Bid Attachments: Certificate of Carbon Neutrality • Mandatory for Projects using carbon emitting technologies • Fuel Cell • Anaerobic Digestion • ‘Other’ technology types that emit carbon • Certification of Carbon Neutrality 32
Slide 33: Bid Attachments: Bid Preference Form
Bid Attachments: Bid Preference Form • Mandatory for Bids that are indicating that they qualify for one or more Bid Preference available in this RFP • Small Zero Emission Projects do not qualify for Bid Preferences • Bid Preference Explanation and Description Form 33
Slide 34: Bid Attachments: SAM Beneficial Account Credit Allocation Form
Bid Attachments: SAM Beneficial Account Credit Allocation Form • Mandatory for All Projects that are being submitted as SAM Projects • Each Customer Host that seeks to allocate excess bill credits to Beneficial Accounts must submit a BACAF to allocate their bill credits • SAM Beneficial Account Cred
Slide 35: Non-Refundable Bid Fee + Performance Assurance
Non-Refundable Bid Fee + Performance Assurance • All Bids must submit the Non-Refundable Bid Fee of $300 as well as Performance Assurance in the amount of $25/kW AC • Fees will be due to the EDCs for Medium or Large Zero Emission Project or Low Emission Projects no later than March 14, 2023 • Fees f
Slide 36: Submitting Bid Fee + Performance Assurance
Submitting Bid Fee + Performance Assurance • Eversource – Bid Fee must be submitted via ACH or Wire transfer only • Instructions and account numbers will be included in bid submission confirmation email sent via PowerClerk • Bidders may also email ctcommrenewables@eversource.com for banking instruct
Slide 37: All Program Fees
All Program Fees SAM Tariff Non- Beneficial Payment Performance Assurance Interconnection Metering Refundable Account Beneficiary (Due at time of Bid Fee Fee Bid Fee Change Change Submission) Fee* Fee* Eversource Varies $300 Varies $250 $22 All Categories: $25/kW AC UI Varies $300 Varies $250 $22 37
Slide 38: Submitting Payment Details
Submitting Payment Details Eversource UI Applicant includes information Applicant uploads to Bid via Bid portal: portal: • W-9 for the Tariff Payment • W-9 for Payee of Bid Fee + Beneficiary or Customer of Performance Assurance Record • ACH/Wire Banking info or • Check Mailing info 38
Slide 39: Step 2: How to Proceed After Bid Submission
STEP 2 How to Proceed After Bid Submission 39
Slide 40: If your Bid is Selected
If your Bid is Selected • If your Bid is selected, a Partially Executed Tariff Agreement must be received by the applicable EDC by the Effective Date of the agreement • 10 business days from the date the Agreement is sent • For February RFP: Selected Bidders should expect Agreements on or about Apri
Slide 41: Step 3: Post Execution Obligations
Post Execution Obligations: How to get STEP 3 from Tariff Agreement to In-Service 41
Slide 42: Process: Getting to Tariff Enrollment
Process: Getting to Tariff Enrollment • Fully Executed Tariff Cover Sheet • Executed Tariff Payment Beneficiary Form (if applicable) • Fully Executed Interconnection Agreement with Appropriate EDC • Bid Preference Confirmation (if applicable) • Approval to Energize from Appropriate EDC • Class I Qua
Slide 43: Getting Your Selected Project In-Service
Getting Your Selected Project In-Service Eversource • Projects selected and executed in the Eversource territory should work with the Interconnection Group at Eversource to get your Project In-Service within three years of PURA Approval • Reach out to ctdg@eversource.com for more information UI • Pr
Slide 44: Eversource Interconnection Group Information
Eversource Interconnection Group Information ▪ https://www.eversource.com/content/residential/about/doing- business-with-us/interconnections/connecticut/connecticut- application-to-connect ▪ ctdg@eversource.com ▪ CT DER Working Group websites: – https://portal.ct.gov/PURA/Electric/Interconnection-Te
Slide 45: Returning Performance Assurance
Returning Performance Assurance • Performance Assurance in the original amount paid is returned if one of the following conditions is met: • The Project timely receives Approval to Energize and begins producing energy that qualifies as zero emission or low emission (as applicable) • Termination of t
Slide 46: Getting a REC Meter Installed for your Selected Project
Getting a REC Meter Installed for your Selected Project Eversource • Projects selected and executed in Eversource territory should work with the Metering Group at Eversource to get a REC Meter Installed • Reach out to meterengineering@eversource.com for more information UI • Projects selected and ex
Slide 47: Step 4: Tariff Administration: The 20-Year Delivery Term
Tariff Administration: The 20-Year Delivery STEP 4 Term 47
Slide 48: PURA Class I Approval
PURA Class I Approval • Both EDCs will submit Projects for Class I Approval to the CT PURA via the following process: 1. NRES Meter installed 2. Approval to Energize received by EDC NRES group 3. EDCs will submit Projects to PURA organized by the quarter that they received Approval to Energize 4. Me
Slide 49: Payments – Netting
Payments – Netting Entity or Individual Percentage of Frequency of Form of Incentive Incentive Receiving Incentive Incentive Tariff Payment Beneficiary as REC Payment Cash payment 100% Once every quarter designated by the Customer. Monthly on the Monetary On-Bill Dollar denominated Customer of Recor
Slide 50: Payments – Buy-All Tariff
Payments – Buy-All Tariff Entity or Individual Percentage Form of Incentive Frequency of Incentive Receiving Incentive of Incentive Tariff Payment Beneficiary as Direct Payment Cash payment 0%-100% Once every quarter designated by the Customer of Record. Monthly on the Monetary On-Bill Dollar denomi
Slide 51: Changes to Tariff Payment Beneficiary
Changes to Tariff Payment Beneficiary • Changes to Tariff Payment Beneficiaries • $22 Fee • Changes to Allocation Percentage • $22 Fee 51
Slide 52: Changes to Beneficial Account Credit Allocation
Changes to Beneficial Account Credit Allocation • For SAM Projects Only • Customer Hosts must designate Beneficial Accounts and associated billing accounts to which the EDCs will allocate any net excess bill credits generated by their qualified Project • If a billing account listed on a Beneficial A
Slide 53: Tariff Administration - Summary
Tariff Administration - Summary • Tariff Agreements with the NRES Program will have a 20 Year Term • The Start Date of the Agreement will be the In-Service Date, or date denoted on the Approval to Energize Letter provided by the relevant EDC for the Project. • REC Payments will be based on the actua
Slide 54: Questions
QUESTIONS • Please use the ‘Raise Hand’ function to ask a question during this session • Click on the icon which will allow us to see you have a question and un-mute you • Questions can also be submitted via the chat function 54
Slide 55: Online Resources
Online Resources Eversource United Illuminating Eversource NRES Program Main Page UI NRES Main Page Eversource Bid Portal UI Bid Portal Contact: ctcommrenewables@eversource.com Contact: NRES@uinet.com Informational Webinar Slides: Year 2 NRES Information Webinar Slides 55