Development of IRP Clause Samples

Development of IRP. TEA will prepare for RCEA an Integrated Resource Plan (“IRP”), and update as necessary, consistent with the requirements of the Clean Energy and Pollution Reduction Act of 2015 (“SB350”), which requires any load serving entity with annual electricity consumption exceeding 700 gigawatt- hours1 per year, to adopt an IRP and a process for updating the plan at least once every five years to ensure, among other things, that each CPUC jurisdictional load-serving entity (including CCAs) meet the state’s greenhouse gas emission reduction targets and procures resources to meet the 50% RPS by 2030 target. TEA’s services will include working with RCEA to submit the IRP to the CEC and correct any deficiencies identified by the CEC. TEA anticipates that the tasks completed in developing an IRP will include the following: • TEA will develop a load forecast of RCEA’s load that extends to a 20-year study period. Included in this load forecast will be an analysis of the impacts of demand-side resource management including energy efficiency, distributed generation, and demand response. • TEA will create a model of RCEA’s long-term financial function analyzing a 20-year study period. The financial model will characterize the economics of RCEA’s existing portfolio on a monthly and annual granularity along with monthly diurnal load or resource balance. The model will include data necessary to determine financial performance metrics that are commonly used and understood by RCEA management. • TEA will collect economic data from a variety of renewable and other generating resources that RCEA desires to consider adding to its generation portfolio. TEA will also include local resource options that RCEA may wish to consider or acquire. Utilizing a levelized lifecycle-cost of energy methodology, TEA will aggregate resource, regulatory, and market assumptions to model projected RCEA resource costs. • TEA will analyze forecasted market conditions and consider future political and legislative uncertainties, such as carbon pricing and amending state renewable portfolio standards that may affect resource planning decisions. This information will be used to determine the quantity of wind, solar, energy storage, other renewable and/or gas generation capacity that likely will be added or retired in the California and broader western regional market over the study period. TEA will project resource costs under a variety of market environments that simulate utilize high, medium, and low annual ...
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Related to Development of IRP

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in ▇▇▇▇▇, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Development Within twenty (20) Working Days after the Commencement Date and in accordance with paragraphs 3.10 to 3.12 (Amendment and Revision), the Contractor will prepare and deliver to the Authority for approval the full and final Security Plan which will be based on the draft Security Plan set out in Appendix B.

  • Development and Commercialization Subject to Sections 4.6 and 4.7, Fibrocell shall be solely responsible for the development and Commercialization of Fibrocell Products and Improved Products. Fibrocell shall be responsible for all costs incurred in connection with the Fibroblast Program except that Intrexon shall be responsible for the following: (a) costs of establishing manufacturing capabilities and facilities in connection with Intrexon’s manufacturing obligation under Section 4.6 (provided, however, that Intrexon may include an allocable portion of such costs, through depreciation and amortization, when calculating the Fully Loaded Cost of manufacturing a Fibrocell Product, to the extent such allocation, depreciation, and amortization is permitted by US GAAP, it being recognized that the majority of non-facilities scale-up costs cannot be capitalized and amortized under US GAAP); (b) costs of basic research with respect to the Intrexon Channel Technology and Intrexon Materials (i.e., platform improvements) but, for clarity, excluding research described in Section 4.7 or research requested by the JSC for the development of a Fibrocell Product or an Improved Product (which research costs shall be reimbursed by Fibrocell); (c) [*****]; and (d) costs of filing, prosecution and maintenance of Intrexon Patents. The costs encompassed within subsection (a) above shall include the scale-up of Intrexon Materials and related active pharmaceutical ingredients for clinical trials and Commercialization of Fibrocell Products undertaken pursuant to Section 4.6, which shall be at Intrexon’s cost whether it elects to conduct such efforts internally or through Third Party contractors retained by either Intrexon or Fibrocell (with Intrexon’s consent).

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones) B. Estimated total development time