Georgia Power has filed its 2016 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC).
As part of the filing, Georgia Power is requesting approval of its Renewable Energy Development Initiative, a program that will bring an additional 525 MW of renewable generation to the company’s portfolio and is expected to deliver energy savings for customers.
The IRP process includes projections of:
- Future fuel costs,
- Load and energy forecasts,
- An analysis of currently available generation technologies,
- A 10-year transmission plan, and
- An economic assessment of potential and proposed energy efficiency and demand response programs.
Georgia Power also evaluated the cost-effectiveness of its generating fleet in light of increasing environmental regulations. In addition, the IRP has a comprehensive and detailed analysis that provides the framework for determining and allocating the projected benefits and costs of integrating additional renewable resources in Georgia, while maintaining reliability and affordability.
“As we navigate the changing energy and environmental landscape, striking the right balance between reliability and affordability is crucial to protecting our customers,” said John Pemberton, Senior VP and Senior Production Officer for Georgia Power. “We remain committed to best meeting customers’ needs today, while maintaining the flexibility to provide a secure energy future for Georgia.”
The company files an IRP every three years to outline how it can best meet Georgia’s changing energy needs for the next 20 years. This filing initiates a series of additional filings and public hearings with the PSC. Following this process, the PSC is expected to vote on Georgia Power’s IRP request this summer.
Filed Under: News