Document - Sunset Falls, Economic Analysis
Abstract
This Rocky Mountain Econometrics (RME) report finds that SnoPUD’s statements that proposed project power costs would be competitive with other renewable alternatives are misleading. This RME report finds that, adding in project related costs of financing, operations and maintenance, the proposed Sunset Falls project’s actual cost of power would be much higher at $ 166 MWh, with a revenue requirement of nearly $21 million.7 If externalities are included, such as aesthetic losses, the cost increases to $167.72 / MWh. Sunset Falls would, if built, be the second highest cost plant on SnoPUD’s PAD list of potential new resources, almost triple the cost of “Favorable” hydro and nearly twice as expensive as “Representative” hydro. In addition, this report finds that contrary to SnoPUD claims, the project would produce much of its power in the spring when it is not needed.Description
PROPOSED SUNSET FALLS HYDROELECTIC PROJECT (14295) CRITIQUE OF THE PUBLIC UTILITY DISTRICT NO. 1 OF SNOHOMISH COUNTY’S 2010 INTEGRATED RESOURCE PLAN & NOTICE OF INTENT/PRE-APPLICATION DOCUMENTDocument Information
Filename - Sunset Falls, Economic Analysis1181.pdf
Size - 1.27MB