Integrated Resource Planning (IRP) Fundamentals

Integrated Resource Planning (IRP) Fundamentals

September 20-21, 2022 | Online :: Central Time

“Relevant information that I will use to make sure our planning studies cover all the bases!” Economist, The Energy Authority

Utility resource plan staff must possess multiple talents to conduct and interpret the forecasts, analyses and formulation of recommendations that serve as their power organization’s compass heading to guide future actions. The resulting IRP documents they prepare fundamentally chart long-term directions to prescribe how load must be served in their service territory. The plan — while deeply rooted in quantitative methodology and established industry norms — must still be flexible enough to accommodate temporal shifts in fuel pricing and market fluctuations triggered by economic, technological, regulatory, and methodological adjustments.

This program is designed by integrated resource planners for integrated resource planners.  It will take a tutorial approach to efficiently lay out the cardinal elements of formulating a solid integrated resource plan (IRP).  This review of the fundamentals and best practices will prepare IRP practitioners and supporting utility analysts with the familiarity required to tackle more nuanced issues associated with renewable energy, storage, and other advancing grid planning components.

Learning Outcomes

Attendees will cover content and engage in discussions and exercises that will allow them to:

  • Review the key elements that utilities must address when developing long-term planning documents
  • Examine the regulatory and legal requirements that should be embedded in all IRPs
  • Identify the range of resource procurement options
  • Evaluate the multiple IRP modeling tools, exercises, and their applications
  • Analyze the most efficient and effective ways of identifying:
    • New resource alternatives
    • Renewable resources
    • Existing resource retirements
    • De-carbonization considerations
    • Storage considerations
  • Discuss the 5 critical analyses that IRPs must undertake to evaluate the available resource options
  • Conduct the 7 risk scans that could derail the plan’s integrity
  • Apply portfolio optimization analysis

Agenda

Tuesday, September 20, 2022 : Central Time

8:45 – 9:00 a.m.
Log In and Welcome

12:30 – 1:15 p.m.
Lunch Break

9:00 a.m. – 4:00 p.m.
Course Timing

 

Formation & Premises of IRP

Regulatory & Legal Requirements

Utility Guiding Principles

  • Reliability
  • Sustainability
  • Planning horizon
  • Customer rates
  • Shareholder return or governing board direction
  • Least cost
  • Least risk

North American Survey of IRP-Mandated Utilities

  • States
  • Utilities
    • IOUs
    • Munis
    • Coops, G&Ts

Foundation Technical Elements

  • Determination of Needs
    • Electricity demand forecast
    • Generator condition assessment
    • Transmission reliability assessment
    • Fuel forecast
    • Capacity reserve margin/resource adequacy requirements
  • Modeling tools and exercises
    • Capacity expansion
    • Production cost
    • AC power flow
  • Identifying resource options
    • Demand side
    • New conventional alternatives
    • New renewable alternatives
    • Storage alternatives
    • Existing resource retirements
    • Transmission import increase

12:30 – 1:15 p.m. :: Lunch Break

Foundation Technical Elements (cont’d)

  • Evaluating resource options
    • Technology optimization (e.g. LCOE comparison)
    • Scenario analysis
    • Portfolio optimization
    • Decarbonization/policy considerations
    • Sensitivity analysis
    • Risk analysis (e.g. stochastic vs deterministic)
  • Examining constraints
    • Weather risks
    • Physical risks
    • Financial risks
    • Uncertainty risks
    • Portfolio risks
    • Fuel risks
    • Environmental policies, regulations, and mandates
  • Applying portfolio optimization analysis
  • Developing preferred portfolio(s)
  • Preparing plan(s)
    • Base case(s)
    • Alternative(s)
  • Refining IRP based on input, feedback, and condition changes
  • Certification process

5:00 p.m. :: Course Adjourns for Day

Wednesday, September 21, 2022 : Central Time

8:45 – 9:00 a.m.
Log In

9:00 a.m. – 12:15 p.m.
Course Timing

(Includes breaks)       

Related, But Distinct, Planning Exercises

  • Distribution system
  • Transmission system
  • Distributed energy resources
  • Weaving them into the IRP

Identifying Resource Procurement Options

  • Self-provided
  • New build
  • Contracted from external sources
  • Customer-sourced
  • Implementing a procurement process (e.g. RFP or other)

Charting, Managing and Benefiting from Stakeholder Review

  • Plan formulation and preparation
  • Internal vetting
  • External scheduling and presentation

Planning Commission Engagement

  • Staff
  • Public hearings
  • Finalization

Publication

12:15 p.m. :: Course Adjournment

Workshop

IRP Stakeholder/Intervenor Engagement Essentials

Wednesday, September 21, 2022 : Central Time

Overview

For an electric utility, few documents and processes are more complex, require more internal resources to produce or give a more complete picture of the company’s business than their integrated resource plan (IRP). Yet, to many external stakeholders and intervenors, this same IRP is often criticized as an impenetrable, self-serving document that does not present a progressive picture of how the power company can best serve its customers’ needs.  Additionally, in many contexts these long-term IRP planning documents are now considered primary documents supporting real-time resource procurement solicitations.

This workshop will identify the practical barriers — along with the corollary solutions — that utilities must address to engage, incorporate and reflect the value and input of their IRP stakeholders and intervenors.  It will examine specific ways in which planners and their colleagues who conduct outreach efforts on behalf of the utility can do a more effective job of involving these stakeholders and intervenors in the review and approval process.  Also, it will consider how the IRP can effectively serve as a near-term resource procurement tool that contributes to lower cost procurement outcomes.  

Learning Outcomes

Attendees will cover content and engage in discussions and exercises that will allow them to:

  • Define best practices related to presenting complex modeling information in a digestible but accurate manner
  • Evaluate strategies that will achieve the desired information access policies and accommodates the right balance between transparent processes and appropriate level of detail
  • Identify the risks and benefits associated with stakeholder-favorable planning processes
  • Apply lessons learned from successful utility case studies of IRP stakeholder and intervenor engagement processes
  • Assess how stakeholder input can contribute to use of the IRP as a resource procurement tool

 

Agenda

12:45 – 1:00 p.m.
Log In

1:00 – 1:15 p.m.
Welcome, Overview and Introductions

1:00 – 5:00 p.m.
Workshop Timing

1:15 – 3:00 p.m. :: Inputs

  • Identifying and addressing common challenges in the public arena
  • Establishing a solid starting point with intervenors
  • Addressing specific IRP issues
  • Dealing intelligibly with data and technical documentation

3:00 – 3:15 p.m. :: Afternoon Break

3:15 – 5:00 p.m. :: Outputs

  • Communicating modeling results effectively
  • Overcoming practical obstacles to engagement
  • Moving from resource plans to action plans
  • Gauging results of a concerted outreach effort
  • Case studies

5:00 pm :: Workshop Adjournment

Instructors

Matthew Lind, Director – Resource Planning and Market Assessments, 1898 & Co

Matthew Lind is the director of resource planning and market assessments at 1898 & Co., part of Burns & McDonnell.  He has worked as a professional consultant in the utility and energy sector since 2004.  Mr. Lind specializes in system planning and market congestion studies driven by strategic, economic and regulatory considerations for generation or transmission development in markets across North America. He has a Bachelor of Science in industrial engineering from Iowa State University and a Master of Business Administration from the University of Missouri-Kansas City.


Debashis Bose, Project Manager – Resource Planning and Market Assessments, 1898 & Co

Debashis Bose is a Project Manager in Resource Planning and Market Assessments at 1898 & Co., which is part of Burns & McDonnell.  He brings 16+ years of experience in the areas of managing consulting services, transaction advisory services, energy market assessments, integrated resource planning and independent assessment of solar technologies (bankability studies).  Within that timeframe, Mr. Bose has devoted more than a decade managing and supervising teams, developing new business, working with cross-functional teams, managing project schedule, budget and staffing needs along with experience in preparation of responses to complete RFPs for consulting assignments.  Before joining the company in 2020, he fulfilled similar roles at three other engineering firm for nearly 21 years.


Kyle Combes, Project Manager – Business Optimization and Strategic Asset Planning, 1898 & Co

Kyle Combes is a Project Manager in the Resource Planning & Market Assessments division of 1898 & Co., part of Burns & McDonnell. He specializes in economic and engineering analyses for electricity generation and transmission assets. He utilizes complex economic models to support regional transmission organizations, utility, and developer clients in integrated resource planning, competitive transmission planning, technology evaluations, and other related studies.  He has performed in similar roles at Burns & McDonnell since 2012. He has a Bachelor of Science in mechanical engineering from the University of Kansas.


Brian Despard, Project Manager – Resource Planning & Market Assessments, 1898 & Co

Brian Despard is a Project Manager in the Resource Planning & Market Assessments group with 1898 & Co. He manages power market planning and analysis studies, such as integrated resource plans, decarbonization studies and asset valuations. He has over 30 years of experience in the power industry, with 15 years as an energy market consultant, 8 years as a utility strategy and planning analyst and 9 years as a commercial asset manager. Brian’s market consulting background covers long-term fundamental analysis, development and asset transactions support, commodity risk management and power supply portfolio optimization. Prior to joining 1898 & Co., Brian worked for Siemens PTI Consulting (f/k/a Pace Global), economic consultants L. E. Peabody & Associates, Dynegy and Tennessee Valley Authority.

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

  • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

REGISTER NOW FOR THIS EVENT:

Integrated Resource Planning (IRP) Fundamentals

September 20-21, 2022 | Online
Individual attendee(s) - $ 1295.00 each

Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees - $ 5,180.00 (20% discount)
Pack of 10 attendees - $ 9,065.00 (30% discount)
Pack of 20 attendees - $ 15,540.00 (40% discount)

RELATED WORKSHOPS:

IRP Stakeholder/Intervenor Engagement Essentials

September 21
Individual attendee(s) - $ 495.00 each

Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees - $ 1980.00
Pack of 10 attendees - $ 3465.00
Pack of 20 attendees - $ 5940.00

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before August 19, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

CEUs

Credits

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EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.0 CEUs for this course and 0.4 CEUs for the workshop.

Requirements for Successful Completion of Program

Participants must log in each day and be in attendance for the entirety of the event to be eligible for continuing education credit.

Instructional Methods

Case studies, PowerPoint presentations, and panel discussions will be used in this program.


Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 11.0
Workshop CPE Credits: 4.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

 

Who Should Attend

Utility professionals, their support staff and trusted advisors who engage in:

  • Integrated resource planning
  • Stakeholder/community relations
  • Regulatory/government relations/public affairs
  • Regulators
  • Strategic planning
  • Public relations
  • Stakeholder, intervenor and consumer advocacy
  • State regulatory commissioners and staff
  • Transmission planning
  • Demand side and energy efficiency planning
  • Rate case development

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