Board of Directors Meeting
March 31, 2016
February Operational Results
Category
February
Variance
Municipal Demand (MW)
(4.3%)

(5.2%)

Municipal Energy (MWh)
(0.9%)

(0.8%)

(31.8%)

(26.2%)

36.1

20.2%

Surplus Sales Volume (MWh)
(64.9%)

(57.0%)

Surplus Sales Price ($/MWh)
(17.1%)

(13.6%)

Dispatch Cost ($/MWh)
(13.7%)

(6.3)

Baseload Generation (MWh)
Wind Generation (MWh)
2016
Variance
 > 2% |  +\- 2% of budget |  < -2%
Board of Directors Meeting
March 31, 2016
February Financial Summary
Category
February
Variance from
Budget
Year to Date
Variance from
Budget
($ in millions)
($ in millions)
Net Income
$(1.1)

$(0.9)

Debt Coverage
(.48x)

(.24X)

Revenues
$(2.3)

$(4.1)

Operating Expenses
$1.2

$3.2

Capital Additions
$0.6

$2.1

 > 2% |  +\- 2% of budget |  < -2%
Board of Directors Meeting
March 31, 2016
Community Solar Program Update
Community Solar Work in Progress…
• Intergovernmental agreement
•
•
•
•
Supports community solar and other distributed energy resources work
Circulate draft IGA to Muni staff (March-April)
Seek Board approval (April or May)
Seek town board and city council approvals (May-June)
• Project charter – Community Solar Pilot Design Phase
• Addresses business need/justification, scope, timeline, staff resources
• Finalize and execute charter (April)
• Request for proposals for community solar program
• Draft with Municipal staff input (April)
• Issue RFP (May-June)
• Review proposal (June-July)
• Value of solar analysis
• Relates to community solar, Fort Collins “Solar MOU,” Loveland Foothills
solar IGA
• Updating estimates/implementing hourly solar valuation method
• Seek authorizing resolution from Board (Aug)
Board of Directors Meeting
March 31, 2016
Platte River Water Resources
Reference Document
Water Resources Reference Document
First draft of
“Water Policy
Guidance
Document”
December 2013
2012
Draft document
sections
distributed to
Board
Third draft
of document
(electronic)
March 2014
2013
Second draft of
document:
“Water Resources
Reference
Document”
February 2014
Distribute fourth
draft of document
September 2014
2014
2015
Distribute fifth
draft of
document
February 2015
Gather
feedback from
municipalities
May-June 2014
Distribute
current draft
of document
March 2016
2016
Water Resources Reference Document
Purpose of Document:
•
•
•
•
Historical reference
Operational data
Not a policy document
Living document – updated annually
Process:
• Board and staffs to review the current draft, and provide input
• Meet with each municipality if desired
• Finalize the document before the April Board meeting (date-stamp)
Next Steps:
• Transition from the document to water discussions – some of which
may be in executive session
• Development and approval of water policy during 2016
Questions?
Board of Directors Meeting
March 31, 2016