FEI-FEVI 2010 EEC Report filed March 31, 2011 - FortisBC

FORTISBC ENERGY INC. AND FORTISBC ENERGY (VANCOUVER ISLAND) INC.
2010 ENERGY EFFICIENCY AND CONSERVATION ANNUAL REPORT
“…any inter and intra Program Area Initiative funding transfers, with supporting rationale,
and the impact of such transfers on the transferor and transferee Program areas,
initiatives and measures as the case may be.”
There is no impact to the transferor program area from the transfer to innovative technologies
as conventional EEC activity was under spent compared to approved levels. However, there is
a positive impact to the transferee program area in that the funding transfer allowed an
expansion of the innovative technology program area. The detailed rationale for this transfer is
described in Section 10.
As indicated in the 2010-2011 RRA, we have a true-up mechanism in place so only actual
spend on EEC activities are charged to the EEC deferral account and ultimately get reflected in
future delivery rates. The deferral account captures differences between approved budget and
actual expenditures. In the upcoming RRA, to be filed with the Commission in May 2011, the
Companies will be reviewing the EEC deferral account and may propose changes to the
mechanism to address variances that may arise under multiyear RRAs.
2.6 2011 Planned Activities
Tables 2-6, 2-7 and 2-8 below show forecasted results for currently planned 2011 activity. More
detail about currently planned 2011 EEC activity and associated expenditures can be found in
the section of the report that deals with each individual program area. As it is fairly early in
2011, activity will grow and change over the course of the year as programs are modified to
optimize participation and energy savings, and as additional opportunities present themselves to
the Companies. The information presented below should be considered preliminary in nature.
Table 2-6: 2011 Overall EEC Program Portfolio Results
Non-
Total for
Incentive and Annual
Incentive Incentive Non-Incentive Energy
Expenditures Expenditure Expenditures Savings NPV Energy
Utility ($000s) ($000s) ($000s) (GJ/yr) Savings (GJ) TRC
FEI 11,697 11,377 23,074 (3,606) 702,719 1.1
FEVI 1,595 2,230 3,825 24,892 199,777 0.8
Total 13,292 13,607 26,899 21,286 902,496 1.1
SECTION 2: OVERVIEW OF 2010 PROGRAM ACTIVITIES Page 12