Oregon PUD Association Annual Meeting www.avangrid.com 1 Who is - - PowerPoint PPT Presentation

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Oregon PUD Association Annual Meeting

Sept 20, 2018 – Springfield, Oregon

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Who is Avangrid Renewables?

AVANGRID is a large regulated and renewables business with a broad geographic reach and focus on clean energy.

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3.2M Electric Customers; FERC Transmission Renewables 6.5 GW; 22 States 73% of Production under PPA Rate Base $9.1B

Regulated Business Large-Scale Renewables Business

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3rd Largest Owner/Operator of Renewables in U.S.

Avangrid Renewables: Overview of Operations

• 6,500 MW wind & solar in operation or

under construction

• Industry-leading energy management

capabilities

• Operations in 22 states, 7 electric power

markets

• 24/7 operations, maintenance, dispatch,

& load balancing for 59 wind & solar assets

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• Since 2016, executed over 1800 MW of new renewable PPAs
• Nationwide headquarters for renewable energy business is in the Northwest
• Own and operate 1300 MW of wind in WA and OR under long-term contracts

with utilities

• Own and operate the largest solar facility in Oregon, 56 MW Gala Solar

Facility in Prineville, Oregon serving data center load

• 200 MW of new OR wind facility under construction
• Provide Direct Access services for large corporate loads including 100%

renewable energy for the headquarters for a major apparel company

• Executed 800 MW offshore wind project in MA

Highlights of Recent Transactions

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Table of Contents

BA update and Northwest strategy

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Avangrid Renewables Northwest Balancing Authority

Independent, Generation-Only Balancing Authority (BA)

• On July 31, 2018 the Avangrid BA became operational encompassing Avangrid’s

Northwest renewable assets that currently reside in the Bonneville BA

• Generation-only BA comprised of 1,300+ MWs of wind generation balanced

primarily by 550 MW of Combined Cycle Gas, 100 MW of Simple Cycle Gas CTs and 190 MW of Mid-C Hydroelectric Power

BA Operations will enable the following Key Benefits

• Improved Operational Flexibility and access to a greater number of market

structures that can only be utilized as a BA

• Advance the benefits we received through our Self Supply program which has

protected portfolio value, reduced wind curtailments, continued Long Term integration cost certainty. This benefiting both Avangrid and its customers through improved service offerings at lower costs.

• A platform for growth through services to customers, 3rd parties and load

serving entities

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Where Did We Come From and Where Are We Going

Integration Cost

BPA WIC Self-Supply Balancing Authority Western EIM ISO/RTO

Year 2010 2016 2019 2021 2025

Wind Integration Charges (WIC) by Market Structure

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Balancing the Wind Portfolio (July 31, 2018)

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Install a 10MW battery in Avangrid’s balancing authority area to reduce wind and solar integration costs

Balancing Authority Area + Storage

Wind generation below schedule  BA must increase (INC) energy  battery is discharged Wind generation above schedule  BA must decrease (DEC) energy  battery is charged

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Storage Applications

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Multiple Applications  Wind & Solar Integration  Hybrid products (Renewable Energy Time-shift)  Renewable Capacity Firming  Peaked substitutes Actively participating in multiple storage RFP in the west for multiple applications and exploring possibilities in the East

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Wrap-up

Questions?

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