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Edelman Financial Group Inc EF



NDAQ:EF - Post by User

Comment by windguy1on Feb 07, 2009 4:24pm
446 Views
Post# 15761194

RE: RE: CCAA

RE: RE: CCAA

BChydro

Joanna Sofield

Chief Regulatory Officer

Phone: (604) 623-4046

Fax: (604)623-4407

bchydroreg ulatoryg roup@bchydro.com

January 12, 2009

Ms. Erica M. Hamilton

Commission Secretary

British Columbia Utilities Commission

Sixth Floor - 900 Howe Street

Vancouver, BC V6Z 2N3

Dear Ms. Hamilton:

RE: Project No. 3698514

British Columbia Utilities Commission (BCUC)

British Columbia Hydro and Power Authority (BC Hydro)

2008 Long-Term Acquisition Plan (2008 LTAP)

BC Hydro writes with respect to the Evidentiary Update filed as Exhibit B-10 in the 2008

LTAP proceeding, and in particular with respect to BC Hydro's request for an amendment to

the Order sought to reduce the Clean Power Call pre-attrition target to 3,000 GWh per year.

The Evidentiary Update includes a load forecast which projects future electricity needs in

British Columbia within a large range of outcomes. Even this large range may not necessarily

capture all of the uncertainties inherent in possible future demand for electricity. These

uncertainties include those associated with the recovery of the economy which is related to

world economic events, as well as opportunities created by British Columbia initiatives.

Further uncertainties and opportunities result from the potential future demand created by the

transformation to a low carbon economy, a British Columbia initiative as well as a world-wide

trend. These further uncertainties and opportunities include the switching from other fuels to

electricity for personal transportation, mass transit, heating and other applications. As a

result of all of these uncertainties and opportunities, and the 2007 Energy Plan's goal to

achieve electricity self-sufficiency by 2016, BC Hydro does not want to limit its opportunities

to acquire cost-effective renewable power through competitive processes with independent

power producers.

Pursuant to Section 18 of the Clean Power Call Request for Proposals (filed as Appendix M,

Exhibit B-1-1), in awarding Electricity Purchase Agreements (EPAs) BC Hydro may in its sole

discretion at the time of evaluation consider the load/resource balance, price and other

evaluation criteria.

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