Georgia Power filed its 2016 integrated resource plan with the Georgia Public Service Commission. The company files a plan every three years to outline how it can best meet Georgia's changing energy needs for the next 20 years.
The plan process includes projections of future fuel costs; load and energy forecasts; an analysis of currently available generation technologies; the 10-year transmission plan; and an economic assessment of potential and proposed energy efficiency and demand response programs. The company also evaluated the cost-effectiveness of its generating fleet in light of increasing environmental regulations.
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.
In addition, outlined in the plan is 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.
The 2016 plan also proposes energy efficiency targets similar to those approved in the previous plan, while adding new energy-saving programs for both residential and commercial customers. By 2019, these programs are designed to reduce peak demand about 1,900 MW, which is 12 percent of the company's current load.
Finally, the company is requesting the decertification of certain generation assets, including one coal unit and two small oil-fired combustion turbines at Plant Mitchell near Albany, Georgia, as well as a combustion turbine at Plant Kraft on the Georgia coast. Georgia Power is also seeking to decertify and sell the company's ownership in an oil-fired turbine located in Intercession City, Florida to majority owner Duke Energy Florida.
This filing initiates a series of additional filings and public hearings with the PSC. Following this process, the PSC is expected to vote on the company's plan request this summer.