Request for Proposal OFF CAMPUS RENEWABLE ENERGY PROJECT DEVELOPMENT Stanford University RFP ISSUED 24 OCTOBER 2014 PRE‐PROPOSAL MEETING 5 NOVEMBER 2014 PROPOSALS DUE 17 NOVEMBER 2014 Stanford University | Off Campus Renewable Energy Project Development Table of Contents 1.0 2.0 3.0 ProjectInformation............................................................................................................................1‐1 1.1 Introduction...........................................................................................................................................1‐1 1.2 Background............................................................................................................................................1‐2 1.3 Goals..........................................................................................................................................................1‐3 1.3.1 EnergyandFullCapacityDeliverabilityStatus....................................................1‐3 1.3.2 Cost.........................................................................................................................................1‐3 1.3.3 EnvironmentalImpact....................................................................................................1‐3 1.4 PreferredDevelopmentPartnerAttributes..............................................................................1‐3 1.5 DevelopmentProcess.........................................................................................................................1‐4 1.6 ProjectSchedule...................................................................................................................................1‐4 RFPProcedureandTechnicalData..............................................................................................2‐1 2.1 Schedule...................................................................................................................................................2‐1 2.2 Pre‐ProposalMeetingandSiteVisits...........................................................................................2‐1 2.3 QuestionsandAnswers.....................................................................................................................2‐1 2.4 SubmittalRequirement.....................................................................................................................2‐2 2.5 ProposalOwnership...........................................................................................................................2‐2 2.6 BindingProposals................................................................................................................................2‐2 2.7 TechnicalInformation........................................................................................................................2‐3 2.7.1 EligibleEquipment...........................................................................................................2‐3 2.7.2 EligibleLocations..............................................................................................................2‐3 2.7.3 EligibleRespondents.......................................................................................................2‐3 2.7.4 TransmissionandInterconnection...........................................................................2‐3 2.8 ContractStructure,Cost,andPricing....................................................................................2‐32‐4 2.8.1 CostDataRequired...........................................................................................................2‐4 2.8.2 ContractStructures..........................................................................................................2‐4 2.8.3 Ownership............................................................................................................................2‐4 BidSubmissionInstructions...........................................................................................................3‐1 3.1 CoverLetter............................................................................................................................................3‐1 3.2 ExecutiveSummary............................................................................................................................3‐1 3.3 RespondentInformation...................................................................................................................3‐1 3.4 TechnicalProposalForms................................................................................................................3‐2 3.5 RespondentQualificationsandExperience..............................................................................3‐2 3.6 RespondentFinancialInformation...............................................................................................3‐3 3.7 ProjectOrganizationandKeyPersonnel...................................................................................3‐3 3.8 TechnicalInformation........................................................................................................................3‐3 3.8.1 TechnicalInformationfortheFacility......................................................................3‐4 3.8.2 SiteCharacteristicsandDemonstratedSiteControl..........................................3‐4 3.8.3 TransmissionInterconnectionInformation..........................................................3‐5 Table of Contents i Stanford University | Off Campus Renewable Energy Project Development 4.0 3.8.4 EnergyDeliverabilityandScheduling...............................................................3‐63‐5 3.8.5 ResourceSupply................................................................................................................3‐6 3.8.6 AssuranceofGeneratingEquipmentSupply.........................................................3‐7 3.9 EnvironmentalPermitting...............................................................................................................3‐7 3.10 ProjectSchedule...................................................................................................................................3‐8 3.11 OperationsandMaintenancePlan................................................................................................3‐8 3.12 PricingandContractStructure................................................................................................3‐93‐8 3.12.1 CostInformation...............................................................................................................3‐9 3.12.2 ProposedContractStructure.......................................................................................3‐9 3.12.3 ProjectFinancingPlanandPartners.........................................................................3‐9 3.12.4 IncentivesAssumptions.................................................................................................3‐9 3.13 InterestinActingAsStanford’sESP.............................................................................................3‐9 3.14 OtherInformation(Optional).......................................................................................................3‐10 EvaluationProcedure........................................................................................................................4‐1 4.1 TechnicalEvaluation..........................................................................................................................4‐1 4.2 EconomicEvaluation..........................................................................................................................4‐1 4.3 OtherConsiderations.........................................................................................................................4‐2 AttachmentA:CampusLoadProfile Table of Contents ii Stanford University | Off Campus Renewable Energy Project Development Disclaimer TheinformationcontainedinthisRequestforProposals(RFP)hasbeenpreparedsolelytoassist prospectiveRespondentsinmakingthedecisionofwhetherornottosubmitaproposal.Stanford University(Stanford)doesnotpurportthisinformationtobeall‐inclusiveortocontainallofthe informationthataprospectiveRespondentmayneedtoconsiderinordertosubmitaproposal. NeitherStanfordnoritsemployees,officers,noritsconsultantswillmake,orwillbedeemedto havemade,anycurrentorfuturerepresentation,promiseorwarranty,expressorimplied,astothe accuracy,reliability,orcompletenessoftheinformationcontainedherein,orinanydocumentor informationmadeavailabletoaRespondent,whetherornottheaforementionedpartiesknowor shouldhaveknownofanyerrorsoromissions,orwereresponsibleforitsinclusionin,oromission from,thisdocument. Stanfordreservestherighttomodify,suspend,change,orsupplementthisRFP.NopartofthisRFP andnopartofanysubsequentcorrespondencebyStanford,itsemployees,officers,orits consultantsshallbetakenasprovidinglegal,financial,orotheradvice,norasestablishinga contractorcontractualobligation.Contractualobligationwouldariseonlyifandwhendefinitive agreementshavebeenapprovedandexecutedbytheappropriatepartieshavingtheauthorityto enterintoandapprovesuchagreements. AllrecipientsofthisRFPareresponsibleforallcostsincurredbythemwhenevaluatingand respondingtothisdocument,andanynegotiationcostsincurredbytherecipientthereafter. Stanfordmay,initssolediscretionandwithoutlimitation,refusetoacceptanyandallproposals andtoevaluateproposalsandproceedinthemanneritdeemsappropriatewhichmayinclude deviationfromitsexpectedevaluationprocess,thewaiverofanyrequirements,andtherequestfor additionalinformation.RejectedRespondentswillhavenoclaimwhatsoeveragainstStanfordnor itsemployees,officers,noritsconsultants. Disclaimer i Stanford University | Off Campus Renewable Energy Project Development 1.0 Project Information 1.1 INTRODUCTION OnApril1,2015StanfordUniversity(Stanford)isconvertingfromgasfiredcogenerationtogrid powerplusanewelectricallypoweredheatrecoveryplantformeetingtheuniversity’senergy needs.Since2011,StanfordhasreceivedelectricityfromCalifornia’sDirectAccesselectricity marketandwillincreaseitssourcingofgridpowerfromacurrent5percentto100percenton April1,2015whenthecogenerationunitisdecommissioned.Theuniversityisinterestedin procuringasignificantamountofitselectricityneedsfromoff‐campusrenewableenergysources. Inconjunctionwiththisplanningeffort,StanfordisevaluatingoptionsforElectricServiceProvider (ESP)servicesforschedulingandsupplyingpowertoStanford. StanfordisissuingthisRequestforProposal(RFP)tointerestedcompanieswiththeintentof selectingpartnerswhocanprovideanywherefrom33to100percentofStanford’snetenergy consumption(95to285millionkWhperyear)throughoff‐campusgenerationofrenewable energy.Inaddition,Stanfordisinterestedinpartnerswhocanprovideadditionalrenewable energyasStanford’sloadincreasesovertime.Thepartner(s)arerequiredtodevelop,design,build, finance,own,operate,andpotentiallytransfertheprojectstoStanford.Thepartnerwouldneedto supplythepowertoStanford’schosenESP(yettobeselected);howeverrespondentstothisRFP mayalsoproposetobeStanford’sESP.Thekeyfeaturesofthisproposalare: ProjectSites–Projectlocationsarenotrestricted,exceptthatthepowermustmeetCalifornia RPSPortfolioContentCategory1requirements. FullCapacityDeliverabilityStatus–TheprojectshouldhaveFullCapacityDeliverabilityStatus byitscommercialoperationdate,andshouldmaintainsuchstatusthroughouttheagreement term. TechnologyOptionsandEligibility–RespondentsmayproposeanyCaliforniaRPSeligible technology,neworexistingprojects,withaminimum20MWACcapacity.Stanfordmayselect multipleprojectsinordertoachievetheirdesiredrenewableenergygoals. CoordinationwithESP–Itisexpectedthatthewinningrespondent(s)tothisRFPwill coordinatewithStanford’sESPtofacilitatetheschedulingofenergyandthetransferof RenewableEnergyCredits(RECs)andResourceAdequacy(RA)derivedfromtheassetto Stanfordduringthetermofthecontract. Schedule–Allprojectsmusthaveachievedcommercialoperationbeforetheendof2016. However,StanfordcanacceptdeliveryasearlyasApril1,2015.Inordertomeetthisschedule anddemonstrateprojectviability,projectsshouldprovideevidenceofsitecontrolandprogress oninterconnectionwork. ProjectAgreementsandOwnership‐Allproposalsataminimumshouldoffera25yearnon‐ escalatingPPA.Otherfinancialstructuresarealsoofinterest.Stanfordisinterestedinproposals reflectingthefollowingiftheypresentareductionintheuniversity’slong‐termelectricitycosts: ● PrepaymentbyStanfordofupto25percentoftheproject’srevenue ● Costtotransferownershiptotheuniversitypriortotheendoftheplant’samortizationperiod ● Costtotransferownershipattheendoftheplant’samortizationperiod(25years) Project Information 1‐1 Stanford University | Off Campus Renewable Energy Project Development ● PPAtermslongerthan25years,oroptionalPPAtermextensionsbeyondtheinitial25year term,iftheprojectisexpectedtocontinuegeneratingelectricitybeyondthattime ● ForprojectsonleasedlandwithabuyoutbyStanfordattheendofterm,leaseextensions(if possible)toenabletheuniversitytocontinueprojectoperationbeyondtheendofthePPA term MoreinformationonthegeneralgoalsoftheRFPandtheprojectarelistedinthissection. Subsequentsectionscoverthefollowingareas: Section2:RFPProcedureandTechnicalData Section3:BidSubmissionInstructions Section4:EvaluationProcedure Inaddition,theAppendicescontainadditionaltechnicalinformationthatmaybehelpfulinbid development. 1.2 BACKGROUND StanfordUniversityisservedbyadistrictenergysystemthatprovidesheating(steam)andcooling (chilledwater)servicestobothitsacademiccampusandhospitalfacilities,alongwitha60kV substationand4kV/12kVhighvoltagedistributionsystemservingpowertothemaincampusonly (hospitalpowerisprovidedbytheCityofPaloAlto).Stanfordcurrentlyhas480kWofon‐sitePV powergenerationinseveralinstallationsacrossthecampusandisconsideringinstallationof another5MW. Theuniversityhasdevelopedalongtermenergyandclimateplanthatbalancesenergyefficiency investmentinnewbuildings,existingbuildings,andanewenergysupplysystemknownasthe StanfordEnergySystemInnovations(SESI)program.AsasuccessortotheexistingCardinal Cogenerationplant,SESIprovidesfortheinstallationofanelectricallypoweredheatingandcooling plantfeaturingheatrecoveryfromthecampuscoolingsystemwithbothhotandcoldwater thermalenergystorage.UnderSESI,theuniversitywillceaseon‐sitepowercogenerationonApril 1,2015andmovetogridpurchasesunderDirectAccesstopowertheheatingandcoolingplantand meetcampuselectricalloads.EnhancementstotheSESIprogramnowunderconsiderationinclude theinstallationofadditionalon‐sitesolarPV;installationofaGroundSourceHeatExchange(GSHE) systemtoaugmentthecoreSESIheatrecoveryprocess;andinstallationofahighvoltage transmissionlineconnectingtheCityofPaloAlto,Stanford,andSLAC1. Atthetimeofconversiontothenewelectricallypoweredheatrecoverycentralenergyfacilityin 2015,totalcampuselectricaldemandisexpectedtogrowtojustunder285millionKWhperyear. Peakdemandisnotexpectedtochangeduetoaneconomicdispatchingandelectricaldemand managementprocessincorporatedintothenewenergyfacility.Thissystemwillbeusedto optimizethetotalcampuselectricalprofilewithrespecttobothtime‐of‐usegridelectricityprices andpeakdemandcharges. Forthissolicitation,itisanticipatedthatoneormorepowerpurchaseagreementsmaybesigned. TheminimumcontractualtermsandconditionsStanfordwillconsiderarethosecontainedinthe PG&ERAM.However,Stanfordwillassignextravaluetoresponsesthatoffermorefavorableterms 1 SLAC National Accelerator Laboratory is operated by Stanford for the US Department of Energy Project Information 1‐2 Stanford University | Off Campus Renewable Energy Project Development andconditions.RespondentsareencouragedtodetailanydeviationsfromtheRAMthatwould providegreaterbenefittoStanford. 1.3 GOALS Themaingoalsforthissolicitationincludethefollowing: 1.3.1 Energy and Full Capacity Deliverability Status Stanfordisconsideringarenewableenergypurchaseranginginsizefrom33to100percentofits annualelectricityconsumption.ArepresentativecampusloadprofileisprovidedatAttachmentA. RespondentsmaybundlemultipleprojectstogethertoassistStanfordinachievingthedesired energyvolumes. AllprojectssubmittedinresponsetothisRFPmusteitheralreadyhaveobtainedFullCapacity DeliverabilityStatusor,withreasonablecertainty,anticipateachievingFullCapacityDeliverability Statuspriortoachievingcommercialoperationbytheendof2016.EachprojectbidintothisRFP musthaveaminimumsizeof20MWAC. 1.3.2 Cost Stanfordisinterestedinproposalsthatprovidethelowestlifecyclecost.Lifecyclecostwill considerguaranteedequipmentperformancefactors,estimatedannualproduction,proposedcost ($/MWh),avoidedcost,Stanford’seconomicfactors,andcontractstructure.Costfordelivered energyshouldincludethevalueofallenvironmentalandresourceadequacyattributes. Stanfordhasdevelopedadetailedcampusenergymodelthatoptimizesdispatchofitscampus energyassetsagainstexpecteddemandandcostsforpower.Stanforddesiresthatrenewable energybecosteffectivewhentakingintoaccountcurrentgridenergypurchases,directaccess customercharges,utilitydistributionrates,RECs,andtime‐of‐usevalue.Allbidsreceivedwillbe evaluatedinStanford’seconomicmodel;projectsthatprovidethegreatestvaluetoStanfordatthe lowestcostwillbegivenpreferenceintheevaluationprocess. Respondentsarerequiredtospecifyapowerprice($/MWh)foreachyearofthe25‐yeartermof thePPA.IfrespondentisalsoproposingtoserveasStanford’sESPpleaseprovidethiscost separatelyanddonotincludethecostoftheseservicesinthePPAprice. AdditionalinformationabouttherequestedpricingstructureisincludedinSection2.8ofthisRFP. 1.3.3 Environmental Impact Stanfordispursuingthisprojectaspartofitscommitmenttosustainability.Developmentofnew facilitieswouldneedtodemonstratethatenvironmentalimpactsareminimizedtotheextent practical. 1.4 PREFERRED DEVELOPMENT PARTNER ATTRIBUTES Itisexpectedthatthedeveloperwouldbetheleadindesign,financing,construction,andoperation ofthefacilities,withguidancefromStanfordonkeyissuesofimportancetotheUniversity. Attributesthatarestronglypreferredinthedevelopmentpartnerincludethefollowing: Project Information 1‐3 Stanford University | Off Campus Renewable Energy Project Development Acommitmenttothefulldevelopmentprocess,includingworkingwithStanfordduringdesign, permitting,construction,andoperation FlexibilityindevelopmentofcontractstructuresthatmaytakeadvantageofStanford’scapital (e.g.apre‐paymentcomponenttothecontract) Abilitytomaximizeapplicablegrantsandtaxincentives Astrongtrackrecordofsimilarprojects,includingworkwithtax‐exemptentities Adedicatedteamincludingseniorcorporateofficersspecificallycommittedtothesuccessofthis project,alocalprojectoffice,andmainpointofcontactthatwouldbeengagedwithStanford throughouttheprocess. AdemonstratedabilitytoworkcloselywithStanford’sESPortoserveasStanford’sESP 1.5 DEVELOPMENT PROCESS Afterselectionofthewinningbidder(s)inresponsetothisRFP,Stanfordplanstoquicklynegotiate termsofaPPA.ProposedPPAstructureswouldbediscussed,withStanfordengaginglegal,tax,and capitalpartnersasnecessarytorefinepreferredstructurestothesatisfactionofboththeuniversity andpartner.StanfordwouldthenpresentrecommendedPPAstoitsBoardforfinalapproval. Development‐termandoperational‐termlettersofcreditwillberequiredbythedeveloperas termsinthePPA,tominimizetheriskoftheprojectbeingcanceledduetodirectionfrom leadership,economics,permittingissues,orforotherreasons. 1.6 PROJECT SCHEDULE Proposedmajorprojectdevelopmentmilestonesareshownbelow.Alltimingispreliminaryonly andmaychangeduringthedevelopmentprocess.Allprojectsmusthaveachievedcommercial operationbeforetheendof2016.StanfordcanacceptpowerasearlyasApril1,2015. 1 BoardApprovalofShortList December2014 2 SelectionofDevelopmentPartner(s) December2014–January2015 3 NegotiationofProjectAgreements December2014–February2015 4 FinancialCloseandConstructionStart(ifnew) 2015 5 DeliveryofPower Beforetheendof2016;deliveries maybeginasearlyasApril1, 2015 Project Information 1‐4 Stanford University | Off Campus Renewable Energy Project Development 2.0 RFP Procedure and Technical Data ProposalsarerequestedforrenewableelectricityassetforthinthisRFP.Allproposalsshallbe preparedandsubmittedinaccordancewiththeinstructions,thetechnicalspecifications,andthe technicalproposalforms.Thissectionprovidesinformationonprocedures,technicaldata,and pricing. 2.1 SCHEDULE StanfordhasestablishedthefollowingschedulefortheRFP,butreservestherighttoamendthe proposedscheduleatanytime. IssuanceofRFP October24,2014 Pre‐ProposalConference November5,2014 FinalDeadlineforQuestionstobeSubmitted November11,2014 ProposalDueDate November17,2014 RFPEvaluationPeriod Nov18‐Dec82014 IssueRFPResults/Short‐List December15,2014 StartNegotiationswithShort‐ListedRespondents December2014 2.2 PRE‐PROPOSAL MEETING AND SITE VISITS Apre‐proposalmeetingwillbeheldbywebinaronNovember5,2014.Anydeveloperwishingto attendmustpre‐registerandwillthenbegiventhewebinardetails.Pre‐registrationsmustbe madebynoononNovember4,2014throughcontactwith: ElsaBaez AssistanttotheExecutiveDirector‐SEM 327BonairSiding Stanford,CA94305 650.721.6530 elsab@bonair.stanford.edu ThePre‐ProposalMeetingwillbeginat8:00amPSTandisexpectedtolastuntilapproximately 10:00amPST. Questionstobeaddressedduringthepre‐proposalmeetingshouldbesubmittedtothecontact personprovidedforinSection2.3by5:00PacificTimeonNovember3,2014.Additionalquestions willbetakenduringtheWebinarandmaybesubmittedupuntilthequestiondeadlineprovidedfor inthetimelineinSection2.1 2.3 QUESTIONS AND ANSWERS Allinquiries,questions,orothercommunicationspertainingtotherequirementssetforthinthe RFPmustbesentviaelectronicmailtothee‐mailaddressbelow.Anyverbalguidanceshallbe considerednon‐binding.Writtenanswerstoquestionswillbeprovidedafterthewebinar.The deadlineforsubmittalofquestionsisprovidedintheSection2.1.Questionssubmittedafterthis datearenotguaranteedtobeanswered. RFP Procedure and Technical Data 2‐1 Stanford University | Off Campus Renewable Energy Project Development SendinquirestoAndrewKyleatakyle@energyedgeconsulting.com.Allquestionsshouldhavethe followinginthesubjectline:“StanfordOffCampusRenewableRFP.” Responsestoquestionswillbeansweredduringthepre‐proposalmeetingandreleasedin documentformtoallinterestedpartiesafterthepre‐proposalmeeting. 2.4 SUBMITTAL REQUIREMENT Three(3)originalcopiesalongwithanelectroniccopyoftheBidder’sproposalshouldbedelivered totheaddressbelowby2:00pmonNovember17,2014: ElsaBaez Sustainability&EnergyManagementDepartment 327BonairSiding Stanford,CA94305 Theproposalshallbesubmittedinasealedpackagewiththefollowinginformationshownonthe package: Biddernameandaddress “StanfordOff‐CampusRenewableEnergyProjectProposal”clearlylabeled Eachbiddershalldesignatearepresentativewhowillbegranteddeposit‐onlyaccesstoaBox websiteforpurposesofuploadinganelectroniccopyoftheirsubmittalbythedeadlineinaddition toprovidingthehardcopiesandaphysicalelectroniccopyviaUSBkeytothephysicaladdress above.Contactinformationforthisindividualincludingemailaddressmustbeprovidedtothe personlistedabovenolaterthanNovember17,2014sothatStanfordmaygrantaccesstotheBox websitetothespecifiedindividualintimetomeetthesubmittaldeadline.Theelectronic submissionshouldcontainasingleAdobepdffileoftheproposalandExcelworksheetscontaining theTechnicalProposalForm.Ifbiddingmultipleprojectswithinonesubmission,separate TechnicalProposalFormsarerequired. ElectronicproposalsshallincludetheBiddernameinthefilename. Proposalsreceivedlaterthanthisdateandtimemayberejected.Aproposalmaybewithdrawnby thefirmsubmittingtheproposalatanytimepriortotheclosingdateandtimeforreceiptof proposals. 2.5 PROPOSAL OWNERSHIP AllproposalssubmittedbelongtoStanfordandwillnotbereturned.Stanfordwillusereasonable effortstoprotectproprietaryandconfidentialinformation,butStanfordreservestherightto releasesuchinformationtoitsagentsorconsultantstohelpevaluatetheproposals. 2.6 BINDING PROPOSALS Proposalsmustbesubmittedinthelegalnameoftherespondentwhowouldbeboundbyany agreementwithStanford.Proposalsmustbesignedbyanauthorizedrepresentativeofthe company. RFP Procedure and Technical Data 2‐2 Stanford University | Off Campus Renewable Energy Project Development 2.7 TECHNICAL INFORMATION Thissectionsummarizesavailablebackgroundanddesigninformationthatmaybeusefulto respondentsinpreparingtheirbids. 2.7.1 Eligible Equipment ProposalsareopentoanyCaliforniaRPSeligiblerenewableenergytechnologies(PortfolioContent Category1.)Technologiesmustbecommerciallyproven,withrespondentsdemonstrating commercialtrackrecord.Referencestostatecertificationsandeligibility(suchasSB1approved equipmentforsolarPV)areencouraged. 2.7.2 Eligible Locations Therearenorestrictionsonthelocationfortheproject,butanyelectricitydeliveredmustmeet CaliforniaRPSPortfolioContentCategory1requirementsandtheprojectmustmaintainfull capacitydeliverabilitystatusthroughoutthetermoftheagreement. 2.7.3 Eligible Respondents RespondentstothisRFPmustdemonstratethefollowing: Eligiblerenewableresource:ShowCECregistrationasRPSeligibleortimelineforobtaining approval Interconnection:SystemImpactStudy,PhaseIstudy,orpassedtheFastTrackscreensor supplementalreview SiteControl:Attestto100percentsitecontrolthrough(a)directownership,(b)lease,or(c)an optiontoleaseorpurchasethatmaybeexerciseduponcontractexecution DevelopmentExperience:Attestthatonememberofthedevelopmentteamhas(a)completed atleastoneprojectofsimilartechnologyandcapacityor(b)begunconstructionofatleastone othersimilarproject 2.7.4 Transmission and Interconnection ProjectsmustshowpointofinterconnectionintotheCAISO.Respondentsareonlyrequiredto deliverpowertothePointofInterconnection(POI).Ifrespondentdesirestodeliverenergyto Stanford’sofftakepointthedeliverypointis“DLAP_PGAE‐APND.”Ifrespondentisproposingthe latterpleaseprovideadditionaldetailsastohowrespondentproposesdoingsoandatwhatcostto Stanford. Respondentwillberesponsibleforprovidingitsownschedulingservicesandallcostsassociated withensuringtheenergyisscheduledthroughitsSchedulingCoordinatortoStanford’sESP. 2.8 CONTRACT STRUCTURE, COST, AND PRICING Stanfordhasidentifiedavarietyofprojectoptionsandconfigurationsthatrespondentsmay provide. RFP Procedure and Technical Data 2‐3 Stanford University | Off Campus Renewable Energy Project Development 2.8.1 Cost Data Required Stanfordisrequestingpriceproposalsthatoutlinethepriceofenergy($/MWh)foreachyearofthe contractatthepointofdelivery.Thetimeframethatthefirmpricesaregoodforshouldbe specified,alongwiththemetricsusedforadjustmentsafterthepricingwindowhasexpired.Firm pricesmustbevalidforatleast180daysfromthedateofbidsubmission. IfrespondentisproposingtobeStanford’sESPandSCpleaseprovidethecostassociatedwiththese servicesseparately. 2.8.2 Contract Structures Stanfordiswillingtoconsideranycontractstructuresproposedbythebiddertominimizetotallife cyclecosttoStanford,howeverataminimuma25yearnon‐escalatingPPAwithproject buyoutfor$1attheendofyear25isrequiredtobesubmitted.Contractstructuresmay includeapowerpurchaseagreement(PPA),pre‐paidPPAupto25percentofthetermcontract value,andearlybuyoutoptions,thoughbidderisnotconstrainedtojusttheseoptions.Stanfordis interestedinadeptstructuresthatminimizethenetcostofprojectpowerdeliveriesoveritsfulllife cycle,andmaybeinterestedintakingownershipoftheprojectsometimeduringthetermofthe contract.Therespondentshouldbeclearintheirresponsetothefinancingandownership structureoftheproject,alongwithanyalternativesbeingproposed.WhiletheTechnicalProposal FormgivesoptionsforPPA,prepaidPPA,andownershiptransferoptions,respondentsarefreeto defineotherfinanceoptions. Inadditiontotheaboverequiredcontractstructure,Stanfordisrequesting,butnotrequiring, proposalsforeachofthefollowing: A25yearPPAwithanearlybuyoutoption(buyoutdatedefinedbyrespondent)anda projectbuyoutfor$1attheendofyear25; A25yearPPAwithapre‐paymentof25percentofthetotaltermcostandaprojectbuyout for$1attheendofyear25; A25yearPPAwithanearlybuyoutoption(buyoutdatedefinedbyrespondent),apre‐ paymentof25percentofthetotaltermcost,andaprojectbuyoutfor$1attheendofyear 25. ResponsesshouldusethePG&ERAMastheminimumstandardforPPAtermsandconditions. Stanfordwillassignadditionalvaluetoresponsesthatproposecontractualtermsmorebeneficial thanthosecontainedintheRAM.Respondentsproposingenhancedcontracttermsshouldoutline theconceptualmodificationsbeingproposedandhowthiswillbenefitStanford. 2.8.3 Ownership Stanfordisatax‐exemptinstitutionundersection501(c)(3)oftheInternalRevenueCode,and thereforeisseekingadevelopmentpartnerthatcantakeadvantageofavailablegrants,taxand depreciationincentivestominimizeprojectcost. RFP Procedure and Technical Data 2‐4 Stanford University | Off Campus Renewable Energy Project Development 3.0 Bid Submission Instructions ThefollowingsectionincludesthebidrequirementsthatapplytothisRFP. AllproposalsmustcomplywiththerequirementsinthisSection.Thefollowinginformationmust beprovidedbytheRespondentineachproposalwithoutexception 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. CoverLetter ExecutiveSummary RespondentInformation TechnicalProposalForm(seebidform) RespondentQualificationsandExperience RespondentFinancialInformation ProjectOrganizationandKeyPersonnel TechnicalInformation EnvironmentalPermitting ProjectSchedule(seebidform) OperationsandMaintenancePlan PricingandContractStructure(seebidform) InterestinActingasStanford’sESP OtherInformation(Optional) Proposalsshouldbeconciseandclearlyorganizedinthesectionsoutlinedabove.Sectiontitles shouldmatchthoselistedhere.Appendicesshouldbeincludedasnecessary.Proposalsthatare notpreparedandsubmittedinaccordancewiththeseinstructionsmaybeconsiderednon‐ compliantandberejected. 3.1 COVER LETTER Eachrespondentshouldincludeacoverlettersignedbyanindividualauthorizedtoexecute agreementsonbehalfoftherespondent.Thecoverlettershouldincludethefollowingstatements: “(Respondent)herebyacknowledgesreceiptofStanfordUniversity’sOffCampusRenewableEnergy RFPandagreestoabidebyalltermsandconditionsoutlinedintheRFP.Allstatementsmadein thisproposalaretruetothebestoftheRespondent’sbelief.Ifselectedasawinningbidderby Stanford,theRespondentwillworkdiligentlytonegotiateingoodfaithtowardexecutingproject agreements.Thisproposalisvalidforaperiodof(listnumber,minimum180)days.” 3.2 EXECUTIVE SUMMARY Completeanexecutivesummarywhichhighlightsthekeyaspectsofthebid.Informationthat shouldbeprovidedincludesthedevelopmentsite,technologyproposedtobeused,projectsize, proposedcontractualstructures,proposedpricing,interestinbeinganESP,andwhythe respondentshouldbeselectedbyStanfordasthepreferreddevelopmentpartner. 3.3 RESPONDENT INFORMATION Providethefollowinginformationinthissection: LegalnameandaddressofRFPrespondent. Bid Submission Instructions 3‐1 Stanford University | Off Campus Renewable Energy Project Development LegalformofRFPrespondent(partnership,corporation,jointventure,etc.).Ifthelegalentityisa jointventureorpartnership,pleaseidentifythemember/ownerofthejointventureor partnershipandthepercentownershipandprovideallinformationrequiredunderthissection foreachmember/owner.IfRFPrespondentisawhollyownedsubsidiaryofaparentcompany, identifytheparentcompany.Provideorgchart. Name,title,address,telephonenumber,andemailaddressofpersontocontactconcerningthe proposal. Asummarydescriptionofentitythatwillprovidewarranteesandguaranteessupporting respondent’sproposal. 3.4 TECHNICAL PROPOSAL FORMS TherespondentmustcompleteallapplicableportionsoftheTechnicalProposalForm.Thisform mustbesubmittedelectronicallyasaMicrosoftExcelfile.Tobeconsideredresponsive,the applicableportionsoftheTechnicalProposalFormmustbecompletedintheirentiretyandin accordancewiththecorrespondinginstructions.Ifmultipleprojectsarebeingbundledtogetherin aresponse,adifferentformshouldbecompletedforeachproject. Itemsinorangeshadedboxesmustbefilledinbythebidder.Itemsingreenboxesareforthe biddertoselectfromadropdownmenu.Itemsingreyreferenceothercellsorcontainformulasfor calculation. Themajoraspectsofthetechnicalproposalformsareasfollows: Overview:Informationshouldbeprovidedforthebidderandparentcompany,facility,output, andcommercialoperationdate. EnergyProductionProfile:Respondentsmustprovidetheexpectedhourlyenergyproduction foratypicalmeteorologicalyear,excludingdegradationovertime. PPAPricingandCommittedEnergy:Thisformincludesyear‐by‐yearenergyandpricing informationatthepointofinterconnectionordeliveryfortheentire25yearterm.Thisform mustbecompletedforthebasecasesimplePPAstructureataminimum.Otherpricing structuresareoptional.Additionalinformationonthecontentexpectedtobeincludedfor pricingisoutlinedinSection3.12. MilestoneSchedule InterconnectionInformation ESPDesignation:IftherespondentisproposingtoprovideESPservicestoStanfordplease providetheinformationrequestedinthisform. 3.5 RESPONDENT QUALIFICATIONS AND EXPERIENCE TheRFPrespondentshalldescribeprojectswheretheRFPrespondenthasprovidedsimilar servicestothosebeingrequestedbyStanford.Therespondentshouldidentifytheroleandscopeof workthattherespondentperformedoneachproject,alongwithapproximateassociatedcontract value.IncludethreeprojectreferencesthatStanfordcancontacttoprovidefeedbackonproject performance.Thesameinformationshouldbeprovidedformajorsubcontractorsproposedforthis project. Thissectionshouldoutlinetherespondent’sspecificexperience(ifany)inthefollowingareas: Bid Submission Instructions 3‐2 Stanford University | Off Campus Renewable Energy Project Development Workingwithcollegesanduniversities Developmentandexecutionofnovelcontractstructures,suchaspre‐paidPPAs Examplesofprojectsthathavebeencompletedandincommercialoperationsimilartothose beingproposed Examplesofcompletedinterconnectionandenvironmentalpermittingprocessesforsimilar projectsthathaveachievedcommercialoperation ExamplesofexperiencesuccessfullyprovidingESPservice(ifthisoptionisincludedinbid) 3.6 RESPONDENT FINANCIAL INFORMATION Inorderfortherespondenttoprovidesoundproofoffinancialcapabilitytocarryoutitsproposal, thefollowinginformationshouldbeincludedifavailable.Ifunavailable,therespondentshould providesimilarinformationwhichdemonstratesitsfinancialcapabilitytocarryoutitsproposal. Currentbondratings Currentratingagencyinformation Legalcounterparty’s(and/orparentcompany’s)annualreportforthelastthreeyears Auditedfinancialstatementsandfootnotesfromthepastthreeyears Ifanyoftheaboveinformationisavailableontheinternet,websitelinksarepreferredtopaperor electroniccopies. Stanfordwillrequiredevelopmentperiodsecurityanddeliverytermsecurityasspecifiedinthe PG&ERAMPPA.Respondentsshouldverifyintheirresponsethatsecurityobligationsofthislevel canbemet. Allliabilityforthevalidityandcollectionoftaxcredits,accelerateddepreciation,orothervalueto bederivedbytherespondentisthesoleresponsibilityoftherespondentandfailuretocollectthat valueduetodisallowanceoftaxcredits,expirationsoftaxcredits,accelerateddepreciation,or otherreasons,willnotaffecttheamountsStanfordisotherwiseobligatedtopayunderthe agreementnorreduceinanywaytheobligationsofthedeveloperasspecifiedunderthePPA. 3.7 PROJECT ORGANIZATION AND KEY PERSONNEL DescribetheprojectorganizationoftheRFPrespondent,subcontractorsandprojectpartners, includingidentificationandresponsibilitiesofallkeypersonnel.Highlighttheinvolvement expectedfromeachofthepersonnelthatwouldbeworkingonthisassignment.Listtherelevant experienceofthespecificindividualsproposedfortheprojectteamandincluderesumesasan appendix.Fortheprojectsoutlinedintheexperiencesection(Section3.5),identifyinamatrix tablewhichmembersoftheproposedprojectteamworkedontheseprojects. 3.8 TECHNICAL INFORMATION ProposalsshouldhaveenoughtechnicalinformationsothatStanfordcanunderstandtheapproach, equipmentused,configurations,andhowtheyrelatetothecostandperformanceinformationthat wasdeveloped. TheRespondentmustprovidethefollowinginformationdescribingthegeneratingfacility: Bid Submission Instructions 3‐3 Stanford University | Off Campus Renewable Energy Project Development TechnicalInformation SiteCharacteristicsandControl ResourceSupply FacilityOperations 3.8.1 Technical Information for the Facility TheRespondentmustincludeadescriptionofthegeneratingfacilityformingthebasisofthe proposal.Thisincludesinformationrelatedtothetypeofplant,configuration,generallayout diagrams,preliminarysiteplanshowingsiteboundariesandplantlayout,diagramofgenerating equipment,resourcetype(forexample,geothermal,wind),nameplatecapacityrating(MWAC),net plantcapacity(MWAC),annualnetoutput(MWh),projectedcapacityfactor,in‐servicedate,and themajorequipmentproviders.Estimatesshouldclearlyaddressanticipateddegradationratesfor the25yeartermifapplicable. Iftheproposalisbasedonanexistinggeneratingfacility,theRespondentmustprovidehistorical dataforthelast3yearsorfromwhenthegeneratingfacilitywasbuilt.Existinggenerationfacility submittalsinthe8760portionoftheTechnicalProposalFormshouldreflectmostrecent12 monthsofplantgeneration.Existinggenerationfacilityinformationmustalsoincludethenet outputrating(MW),capacityfactor,andscheduledoutagerate.Respondentsmustalsoprovidea basic(non‐confidential)descriptionofanyexistingorproposedenergy,RECandRAsales arrangementsinvolvingthegeneratingfacilityandhowtheyrelatetothisProposal. IftheProposalforsaleofrenewableenergyisfromanewgeneratingfacilitythatisyettobebuilt, Respondentmustdescribeanyfeasibilitystudiesperformedforthegeneratingfacility.Respondent mustalsodescribethelevelofengineeringcompletedforthegeneratingfacilityandtheplanfor equipmentprocurementandconstruction.Ifcompanieshavebeenidentifiedforanyofthese services,pleaseidentifythosecompanies.Anestimatedhourlyproductionprofilemustbe providedshowingtheexpectedenergydeliveriesacrossanormalmeteorologicalyear.Thedata andevaluationsprovidedmustsupporttheproposedlevelofgenerationandtheprojectedcapacity factor. Outlineanywarranteesorguaranteesofferedfromtheproject. 3.8.2 Site Characteristics and Demonstrated Site Control TheRespondentmust: Providealegaldescriptionofthegeneratingfacilitysiteand,bothastreetmapandthe appropriatesectionofaUSGS(orequivalent)mapshowingthelocationofthegenerating facility. ProvideanaerialphotoorGoogleEarthimageoftheprojectsiteshowingprojectfacilities,if existing,orlayoutofproposedfacilities. Provideadescriptionofthelease/ownershiparrangementinplace,thenumberofacresat thesite,siteaccessroadsand,asapplicable,waterrightsortheplanforsecuringwater rights,thewastedisposalplan,andthetransmission,watersupply,fuelsupply(as applicable),orotherinfrastructureadditionsrequiredoutsideofthesiteboundariesforthe Bid Submission Instructions 3‐4 Stanford University | Off Campus Renewable Energy Project Development Proposaltobeimplemented.Themapshouldshowalllandparcels,withparcelsowned, leasedoroptionedbytheRespondentclearlymarked.Forleases,confirmthatthelease costforthefirst25yearsisincludedinthePPApriceswithnoballoonorendoflease payments.Respondentsshoulddefinethedesiredplanfortransferofownershipor decommissioningattheendoftheprojectlife. Discloseanylandliabilitiesorlimitationswhethertheybeliens,environmentalrestrictions, easements,accessrightstoothers,mineralrightsownedbyothers,historicorcultural restrictions,orotheritemsthatmayimpacttheabilityoftheprojecttobeexecutedas planned. Identifyanymitigationrequirementsalreadydefinedandestimatedcost 3.8.3 Transmission Interconnection Information StanfordwillconsidergeneratingfacilitiesthatmeetCaliforniaRPSPortfolioContentCategory1 requirementsandareabletodeliverpowertotheCaliforniaISO.Ifrespondentisproposinga projectlocatedoutsideofCalifornia,respondentshoulddemonstratethearrangementsithasin placetoensurethat1)compliancewithRPSCategory1requirementswillbemaintainedforthe termofthecontract;and2)fullcapacitydeliverabilitystatuswillbemaintainedforthetermofthe contract. Respondentswhoareproposingaprojectcurrentlyunderdevelopmentmustdemonstrateaspart oftheirRFPbidresponsethattheproposalbidintotheRFPisinthegenerationinterconnection queueforanyandallrelevantTransmissionProvider(s)necessarytotransmittheenergytoa CAISOsysteminterfacepoint,hasrequestedInterconnectionServiceundertherelevant TransmissionProvider(s)’OpenAccessTransmissionTariff(s)andthatactivitiesassociatedwith thisrequestareinprogressorcomplete(includinganynecessaryInterconnectionFeasibility Studies,SystemImpactStudies,orFacilitiesStudies). Respondentsmustsubmitthefollowingdocumentation: 1. Asummaryofthecurrentstatusofthegenerator’sapplicationforinterconnectionwiththe applicableTransmissionProviders. 2. AnystudycompletedbytheapplicableTransmissionProvider(s),includingbutnotlimited totheInterconnectionFeasibilityStudy,SystemImpactStudy,and/orFacilitiesStudyin whichtheestimatedcostofanyrequiredtransmissionsystemupgrades,additionsand/or modificationsareidentified. 3. Specifytheinterconnectionpointfortheexistingorproposedgeneratingfacilityasbeing studiedbytheapplicabletransmissionprovider(s). 4. Atimelinedefiningthemajormilestonestobecompletedforallinterconnectionwork Provide,ifpossible,thehistoricalbasiscostforthelasttwoyearsfromeachproposedasset’s deliverynodetotheDLAP_PGAE‐APND.Ifrespondenthasaforecastoffuturebasiscostsplease provideitaswell.Providingthisinformationisnotrequiredandisnotarequesttoincludethe transmissionbasiscostintheprojectprice. Bid Submission Instructions 3‐5 Stanford University | Off Campus Renewable Energy Project Development 3.8.4 Energy Deliverability and Scheduling Thesuccessfulrespondents(s)willberesponsiblefordeliveringenergytotheinterconnection pointwiththeapplicabletransmissionsystemwithintheCAISOgrid.Stanfordwillberesponsible foranycongestioncostsincurredindeliveringthepowertoStanford’sapplicableloadaggregation point.StanfordwillacceptproposalsforprojectsanywherethatcandeliverintoCAISO,however considerationwillbegivenforexpectedcongestioncostsoverthetermofthesupplyagreement. Thesuccessfulrespondent(s)willdeliverdocumentationtoStanford’sESPshowingthatStanford hastitletoallrenewableenergycreditsassociatedbytheprojectasnecessarytoenableStanfordto utilizetheRECstomeetitsRenewablePortfolioStandardobligationsanddocumentanyvoluntary renewablepurchases. Respondent’sSCwillberesponsibleforschedulingtheenergyandtransferringresourceadequacy capacity,andrenewableenergycreditsproducedbytheprojecttoStanford’sESP/SC.Alternatively, ifthesuccessfulrespondent(s)wouldliketoutilizeStanford’sESP/SCforschedulingservicesthe successfulrespondent(s)willmakearrangementsdirectlywiththisentity.AllSCcostsassociated withschedulingenergyandtransferringresourceadequacycapacityandrenewableenergycredits toStanford’sESP/SCwillbethesoleresponsibilityofthesuccessfulrespondent(s). StanfordexpectstocontractwithathirdpartyforprovisionofESPandschedulingservices. StanfordwillconsiderproposalsfromrespondentsinterestedinprovidingESPandSCservicesto Stanfordinconjunctionwithaproposedrenewableproject,howeverStanfordreservestherightto selectrenewableprojectsanddeclineassociatedESPandSCservicesproposals.Seesection3.13 fordetailrequirementsforprovisionofESPandSCservices. 3.8.5 Resource Supply TheRespondentmustprovidesufficientinformationontherenewableresourcesupplytoprovide assurancethatthegeneratingfacilitywillbeabletomeetitsprojectedproductionestimatesforthe durationofthegeneratingfacilitylife.Inparticular,pleaseprovideevidenceofregistrationwith CECaseligiblerenewableresource,ortimeframeforobtainingthisdocumentation. Inaddition,thefollowinginformationisrequestedforthedifferenttechnologies: 3.8.5.1 Geothermal Providesummaryofallcollectedgeothermaldatafortheproposedgeneratingfacilitysite. Characterizethegeothermalresourcequality,quantityandprojectedproductionlevels. Provideagraphortablethatillustratestheannualandmonthlyprojectionofgeothermal resources. Describeanyotherexistinggeothermalfacilitiesintheresourceareaandcharacterizetheir productionandtheiranticipatedimpact,ifany,onthegeneratingfacility. 3.8.5.2 Biomass Describethebiomassfuelmakeupanditssource. Bid Submission Instructions 3‐6 Stanford University | Off Campus Renewable Energy Project Development Providearesourceassessmentofavailablebiomassfuelforthegeneratingfacilityandits proximitytothegeneratingfacility.Theresourceassessmentshouldidentifylong‐termfuel priceriskandavailabilityriskissues. Identifycompetingresourceend‐uses. Provideaplanforobtainingthebiomassfuel,includingatransportationplan. Identifyanycontractsorlettersofintenttoacquireandtransportthebiomassfuel. 3.8.5.3 Solar Describethesourcesofinsolationdata,eitheronsite,satellite,oranearbystation.Ifusinga nearbystation,statetheexactdistancefromthatstation. Identifythenumberofyearsofsolardata,andtheaccuracyofthedata. PVSYSTmodelreportsand8760productionprofilefortypicalmeteorologicalyear(TMY) 3.8.5.4 Wind Provideasummaryofallcollectedwinddatafrommetstationsonsite. Indicatewherethedatawascollected,whatequipmentwasused,anditsproximitytothe generatingfacilitysite. Provideeitheratleastoneyearofwindresourcedata,awindresourceassessmentreport fromaqualifiedmeteorologist,orboth. Comparethelong‐termwindspeedsintheareatothecollectedresourcedataatthe generatingfacilitysite. Confirmationofwindturbineavailability Allresourcesmustprovidean8760energyproductionprofileforatypicalmeteorologicalyearin theaccompanyingtechnicalproposalform. 3.8.6 Assurance of Generating Equipment Supply Respondentshoulddemonstratethatrespondenthasaccessto,orhascompletedsourcingof,the necessarymajorequipmenttocompleteengineeringandconstructionofthefacilitycontemplated intheproposaltomeetthestatedCommercialOperationDate. 3.9 ENVIRONMENTAL PERMITTING TheRespondentshould: Includeadescriptionofhowthegeneratingfacilitycompliesorwillcomplywithall applicableenvironmentallawsandregulations. Foranyexistingornewgeneratingfacilities,provideadetailedlistofallapplicablestate, localandfederalpermitsfortheconstructionandoperationofthefacilityand,providea Bid Submission Instructions 3‐7 Stanford University | Off Campus Renewable Energy Project Development detailedpathschedulecontainingclearandconcisetaskdescriptionsandanticipated timelinesforsecuringthosepermitsandapprovals. Importantmilestonesanddecisionpointsintheschedulealongwithanexplanationofhow permittingactivitieswillbecoordinatedwithintheoverallconstructionanddevelopment schedule. Providecopiesofanypermitsalreadysuccessfullysecured,includingtheirassociated applicationsandsupportingdocuments,studiesandreports. Describeanycoordinationeffortswithlocal,stateandfederalagencieswithrespecttoany environmentalissues. Describeanyexistingon‐siteenvironmentalissuesofconcernsuchassitecontamination, presenceorlackofwastedisposalarea,stateorfederallyprotectedplantandwildlife speciesandspeciesofconcernpresentorpotentiallypresent,sensitivehabitatsor ecologicallysensitiveareas,wetlanddelineations,andanyotherknownenvironmental issuespotentiallyhavinganegativeimpactontheabilitytocompletethedevelopmentof thegeneratingfacilityormeetthelong‐termobligationsofaPPA. Describethelandusesadjacenttoandinproximityofthegeneratingfacilitysite.Describe currentorplannedeffortstobuildlocalcommunitysupport. Provideanyairqualitymodelingresults,andestimatedairemissionratesidentifiedor expectedtobeincludedinanairpermitprocess.Forwindprojectsincludeairspaceand radarclearance. 3.10 PROJECT SCHEDULE Therespondentshoulddescribetheprojectschedule,andprovideadetailedscheduleinMSProject (orequivalent)outliningtheexpectedtimelinefordevelopmentandconstructionoftheproject. Includemajormilestonessuchaspermitting,financing,engineeringdesign,procurement, construction,interconnection,commissioning,acceptancetesting,commercialonlinedate. RespondentshallprovideStanfordwithadatebywhichrespondentwouldneedacontract executedwithStanfordinordertoensurecommercialoperationnolaterthanDecember31, 2016. 3.11 OPERATIONS AND MAINTENANCE PLAN Provideanoverviewfortheproceduresthatarerequiredtooperateandmaintaintheequipment installedateachofthelocations.Itisexpectedthattheoperationsandmaintenanceplanwould includeataminimumthefollowingsections: Staffingplan On‐sitefacilities Preventivemaintenanceschedule Performancetesting,monitoring,andreporting Approachtounscheduledmaintenance Bid Submission Instructions 3‐8 Stanford University | Off Campus Renewable Energy Project Development Sparepartsinventorymanagement Warrantyandinsurancemanagement 3.12 PRICING AND CONTRACT STRUCTURE Inthissection,thebiddershouldprovidenarrativedetailsregardingtheprojectandcontract structurethatshouldbeconsideredbyStanfordinitsbidevaluation. 3.12.1 Cost Information RespondentmayproposemultiplepricingoptionsforStanfordtoconsiderasprovidedforinthe TechnicalProposalform.However,respondentmustsubmita25yearnon‐escalatingPPA withaprojectbuyoutfor$1attheendofyear25includingallenvironmentalandresource adequacyattributes.IndicativeestimatesforenergypriceattheStanfordtakeoffpointmayalso beprovided,butarenotnecessary;respondentsshouldspecifythepointofdeliveryforthe responseandincludethisintheTechnicalProposalForm.Seesection2.7.4formoredetail.The pricesshallbeprovidedinnominalUSDollars. Indicateinthissectioniftherespondentcanproviderenewableenergybeyondthebaseamounts definedintheresponseandTechnicalProposalForm,howmuchcanbeprovided,andthepricefor thisexcessenergy. 3.12.2 Proposed Contract Structure Thissectionshouldoutlinetheproposedcontractstructuredesiredbytherespondent.The technicalproposalformallowspriceinputsinfourpotentialcontractstructures:PPA,PPAwith transfer,prepaidPPA,andprepaidPPAwithtransfer.Onlythefirstpricingstructureisrequired; alternatestructuresareoptional.Pricingstructureswithouttransfershouldassumeatermof25 years.Ifproposingearlybuyoutstructure,pleaseclearlystatetheFairMarketValuation(FMV) method.Thetransfercostshouldincludeallland,improvements,easements,landaccessrights, transmissionaccessrights,andeverythingelserequiredtoallowtheprojecttocontinueoperating underthesameconditions.Ifproposingaprepaystructure,pleaseassumea25percentprepaid structure. 3.12.3 Project Financing Plan and Partners Presentacompletefinancingplanthatcoversthetotalprojectcostsofthefacilitybeingproposed including,amongotherthings,developmentcosts,constructionfinancing,andlong‐termfinancing. Providesupportingdocumentationtoshowfinancialcapabilitytoconstructthefacility. 3.12.4 Incentives Assumptions Biddershallidentifyallincentivesandtax‐relatedbenefitsthatwereassumedindevelopingthe pricingfortheproposedprojects.Provideasummaryoftheprocesstorealizethoseincentivesand benefitsandtheriskfactorsthatcouldpreventrealizationofthoseincentivesandbenefits.Itis Stanford’sintentthatbidderwilltakeallriskassociatedwiththefailureofbiddertorealizeany incentivesortax‐relatedbenefitsassociatedwiththeproject(s). 3.13 INTEREST IN ACTING AS STANFORD’S ESP RespondentsexpressinginterestinservingasStanford’sESPshouldprovideinformationtoenable evaluationofabilitytoactasanESP(suchasexperienceandfinancialsupport).NoteCalifornia Bid Submission Instructions 3‐9 Stanford University | Off Campus Renewable Energy Project Development PublicUtilityCodesection394definesESP(allESP'smustregisterwithCPUC)andsetsforth requirements.2AdditionalformsforestablishinganESPareavailableonPG&E’sDirectAccess website.3 IfrespondentisproposingtoprovideESPservicespleasedemonstratethattherespondent’sESP hasa1)proventrackrecordservinglarge,complexendusecustomers,2)experiencemanaging renewableresourceoutput,and3)astrongrelationshipwithaproven,reliableandexperienced SchedulingCoordinator. PleaseindicateyourinterestinservingasStanford’sESP/SCandprovidethefollowingadditional detailsifapplicable: ESPCertificationNumber YearsofexperienceasanESP Averageannualloadserved ● LargeCommercial/Industrial ● SmallC&I ● Residential Additionalexperiencewithanentityofsimilarsize/complexitytoStanfordUniversity ● AdditionalexperiencewithhandlingandincorporatingrenewablePPApurchasesmade directlybytheendusecustomerintoafullESPservice DetailsregardingexperienceasanSCorwithSCservices 3.14 OTHER INFORMATION (OPTIONAL) ListanyotherinformationthatthebidderfeelsStanfordshouldtakeintoaccountwhenevaluating thequalityofthisresponse. 2 3 http://www.leginfo.ca.gov/cgi‐bin/displaycode?section=puc&group=00001‐01000&file=394‐396.5 http://www.pge.com/en/b2b/retailenergysuppliers/espresourcecenter/index.page Bid Submission Instructions 3‐10 Stanford University | Off Campus Renewable Energy Project Development 4.0 Evaluation Procedure Theproceduresandcriteriatobeusedintheevaluationofproposalsaredescribedinthissection. Theseproceduresandcriteriawillbeusedtodeterminewhetherproposalsareresponsive;to evaluateandscoresubmittalsfromtechnical,economic,andotherviewpoints;andtodevelopa potentialshort‐listfornegotiations. Thefirststepwillbeareviewofthesubmitteddocumentationandformattoassurethatall informationrequestedhasbeenprovided.Stanfordreservestherighttodisqualifyanyresponse foranyreason.AtStanford’sdiscretion,requestsmaybemadeofrespondentstoprovideoredit missingorclearlyerroneousinformation. Projectsthataredeemedtohaveprovidedthenecessaryinformationwithintheallottedtimeframe willbeevaluatedontechnical,economic,andothercriteria.Highlightsforthemainitemsthatwill beevaluatedbyStanfordareoutlinedbelow. 4.1 TECHNICAL EVALUATION Inthetechnicalevaluation,theabilityofthecompanytoperformthedevelopmentworkand executetheprojectwillbeconsidered,alongwiththetechnicaldetailsoftheproposeddesign.The mainareasthatmaybeconsideredinevaluatingthecompanyincludethefollowing: Companydevelopmentandoperationsexperience Qualityofsubcontractorsandteammembers Experienceofkeypersonnel Financialstrengthoftherespondent ReadinessofteamandstafftoengagewithStanfordonprojectwork Evaluationofthetechnicalaspectsofthebidwillfocusonthefollowingareas: Leveloftechnicaldetailprovided Reasonablenessofestimatedoutput Feasibilityandprovenexperienceofchosentechnology Environmentalimpact DetailandreasonablenessofO&Mplan Warrantiesandperformanceguarantees Detailandreasonablenessofprojectscheduleanddevelopmentplan Feasibilityoftransmissionpathwayanddeliverability 4.2 ECONOMIC EVALUATION TheeconomicevaluationportionforthisRFPwillbeananalysisofthenetimpacttoStanford’s totalenergycosts.Stanfordwilltakeintoaccountpricingandpointofdeliveryinthemodels establishedbytheevaluationteam. Evaluation Procedure 4‐1 Stanford University | Off Campus Renewable Energy Project Development Qualitativecriteriawillalsobeusedinevaluatingtheeconomicportionoftherespondent’sbid. Itemsthatwillbeconsideredinclude: Levelofdetailprovidedandtransparencyinthepricingandprojectfinancialstructure Levelofdevelopmentofpricingplanandpartnershipagreements Reasonableandequitableproposedpricingadjustmentmechanisms Experienceinuseoftheidentifiedstructures 4.3 OTHER CONSIDERATIONS ThereareadditionalitemsthatStanfordwouldtakeintoaccountwhendetermininganappropriate partnerfordevelopment.Thisincludes,butisnotlimitedto,thefollowingitems: FlexibilityinbeingapartnertoStanford,includingthewillingnesstobealong‐termpartnerand abilitytoadaptdesignsandcontractstructuresasnecessary EducationalandresearchbenefitstoStanford ExperienceandcreativityindevelopinginstallationssuitabletoStanfordandsurrounding communities Othercommunitybenefits Afterreviewofallbidsandcompletionofevaluations,Stanfordmayselectashort‐listofbiddersto presenttheirqualificationsandansweradditionalquestionsinperson.Informationfromthese interviewswillbeusedtoselectthewinningbidder(s).Followingselection,itisexpectedthatthe winningbidder(s)andStanfordwouldenterintonegotiationsfordefinitiveprojectagreements. Evaluation Procedure 4‐2 Stanford University | Off Campus Renewable Energy Project Development Attachment A Campus Load Profile StanfordProjectedHourlyLoadProfileinMW 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 1 226 451 676 901 1126 1351 1576 1801 2026 2251 2476 2701 2926 3151 3376 3601 3826 4051 4276 4501 4726 4951 5176 5401 5626 5851 6076 6301 6526 6751 6976 7201 7426 7651 7876 8101 8326 8551 ‐ Attachment A