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
as initially proposed. At the Companies’ discretion, some projects may be subjected
to a measurement and verification (“M&V”) protocol, whereby metering equipment is
installed to measure and verify the energy savings.
4.4.2.5.2 2010 PSECA Initiative Results
The Companies’ involvement with the Public Sector Energy Conservation Agreement afforded
an excellent opportunity to invest in high quality, long term energy saving measures, as well as
demonstrate the leverage advantage of working with partners. While the effort consumed much
time that would otherwise have been devoted to new program development and roll out, the
trade-off generated a program with a TRC score of 2.3 for incentive dollars committed in 2010.
Program results for 2010 are provided in the table below.
New
Const
Retrofit
Utility Participants
Table 4-13: PSECA Initiative Program Actuals
Incentive
Expenditure
($000s)
Non-
Incentive
Expenditure
($000s)
Annual
Energy
Savings
(GJ/yr)
NPV
Energy
Savings
(GJ)
Free Rider
Rate
FEI - - - -
FEVI - - - -
FEI 15 531 11 18,222 163,420 0% 2.4
FEVI 13 297 5 11,706 107,935 0% 2.2
TOTALS 28 827 15 29,928 271,355 0% 2.3
As noted above, the PSECA initiative represents a major undertaking during the second half of
2010. The Companies believe, however, that the results to date were well worth the effort. By
the end of the year the Companies committed to providing nearly $830,000 for energy saving
measures at 28 locations to program participants who successfully complete the approved
measures. When complete, these measures are expected to reduce natural gas consumption
by approximately 30,000 GJ/yr, or enough to provide natural gas to 315 single family homes
during the same time period.
The TRC score for the PSECA initiative is quite robust, which the Companies take as an
indication of the high quality of the energy saving projects approved for funding.
4.4.2.5.3 2011 PSECA Initiative Performance Forecast
In 2011 the Companies expect to provide additional EEC incentive dollars to successful
participants in a second round of PSECA funding. This second tranche consists of projects
designed to reduce natural gas consumption and greenhouse gas emissions of K through 12
schools.
SECTION 4: COMMERCIAL ENERGY EFFICIENCY PROGRAM AREA Page 76
TRC