Excerpt from Bpa Electric Power Resources Acquisition, Vol. 2: Oversight Hearing Before the Task Force on Bonneville Power Administration of the Committee on Natural Resources, House of Representatives, One Hundred Third Congress, First Session
In summary, in terms of megawatts, we've acquired 375 megawatts through 1992 at a cost of a little over $1 billion. We have plans to purchase all cost-effective conservation, some 670 700 megawatts over the next 10 years, and that doesn't count code savings that are in the range of 150-200 megawatts.
The cost of the next 10 years looks like it might be on the order of $2 billion - about double what we spent over the last decade. At this point, we feel we are successfully accelerating. We've tripled the megawatts acquired in 1990, and we're on target this year for quadrupling those 1990 megawatts. So we feel we are successfully accelerating at this point.
We've worked closely with the Council. We feel we are definitely consistent with the Council plan. In addition, we're extremely proud of what we consider to be our national leadership; not just in the levels of accomplishment that we're showing here, but in the innovative programs that we have designed and run, and in our verification of these savings as reliable savings.
I wanted to say a few more words about how we're going to make that competitiveness transition, but I'll save that and go to the next chart.
I want to talk a little bit about costs for a moment. Bonneville has been actively tracking its own costs over the ten-year period of doing conservation, and very recently, as a part of Bonneville's competitiveness project, we have started something that is called benchmarking in the business and trying to track our costs against the costs of other utilities.
Before getting into the chart, I want to indicate there are a cou ple of caveats here. This comparison is really in its infancy. There are not many in the business, the conservation part of the utility business, at this point who have participated for more than a year or two in benchmarking. So we're really struggling to figure out what are the right benchmarks to use.
If you choose one versus another, you get very different results. So the struggle really matters. We're just basically trying to figure out what's the right data, what's the right benchmark.
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