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Why Should Bainbridge Switch to Public Power?
Randal W. Samstag, PE
1 F o u r R e a s o n s W h y
Why Should Bainbridge Switch to Public Power?
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Why Should Bainbridge Switch to Public Power? 1 F o u r R e a s o n - - PowerPoint PPT Presentation
Why Should Bainbridge Switch to Public Power? 1 F o u r R e a s o n - - PowerPoint PPT Presentation
Why Should Bainbridge Switch to Public Power? 1 F o u r R e a s o n s W h y Randal W. Samstag, PE Why Should Bainbridge Switch to Public Power? We have an opportunity to: Get 97 percent fossil fuel free power 1) 2) With better reliability
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Reason 1: We can get nearly carbon free power.
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Bonneville Power Administrtion Fuel Mix is 97 percent fossil fuel free.
Hydro: 87.7% Nuclear: 9.6% Coal: 1.7% Nat Gas: .8%
PSE's Fuel Mix is 59 percent fossil fuel based.
Coal: 35.0% Hydro: 36.3% Nat Gas: 19.9% Cogen: 4.2% Wind: 2.7% Nuclear: 1.1%
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PSE / Macquarie is a massive polluter.
Source: www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf 4
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We must stop burning fossil fuels.
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Reason 2: Public power has a better record on reliability.
Source: PSE WUTC 2014 Reliability Report, Web and Personal Communications with Pubic Utilities.
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628 686 126 89 39 100 200 300 400 500 600 700 800
PSE Kitsap (5- Year Average SAIDI) Bainbridge (2010 - 2014 Average) Snohomish PUD (Five-year average SAIDI) Pen Light (2010- 2014 Average SAIDI) Port Angeles Light (2010 -2013 SAIDI)
Annual Outage (Minutes)
Comparison of PSE Kitsap / Bainbridge Outage Data to Some Public Power Utilies
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Reason 3: We can get public power at competitive rates.
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Source: Individual utility web sites
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Reason 4: We can do this.
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The D Hittle Report is available in draft form.
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Main conclusions:
Distribution network less than $20 million tax
assessed value
$23.7 net book value Assumed premium over book value: 35% to 100%
plus $12 million in initial costs
Savings of $13 to $23 million over the first 10
years depending on purchase price
http://www.bainbridgewa.gov/DocumentCenter/View/7983
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The Municipalization task force has had a number of questions.
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Questions:
Cost for operations center and “pole yard”? Costs for reliability improvements? What is “fair market value?” Why such a high premium assumed when UTC
allowed PSE / Macquarie to keep only 16 percent premium over book value in JCPUD sale?
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L e t u s h e a r f r o m y o u ! 11
Comments from the Municipalization Task Force
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T h a n k y o u ! R a n d a l S a m s t a g , P E r s a m s t a g @ r s a m s t a g . c o m 12