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CUC IRP plan down to five bidders
The Commonwealth Utilities Corp. is down to five qualified bids for an “Integrated Resource Plan,” or a comprehensive energy plan for the utility in the years to come.
Charles Janacek, of Leidos Engineering LLC, updated the CUC board on Tuesday.
He said Leidos, the third party reviewing the bids, received nine “well-developed” proposals in February.
Five of those bids turned out to qualified, he said. The unqualified bids did not contain required information, he said.
For the review of these bids, he said, costs will not be considered.
They will be reviewing these bids on a “technical” level and will not be “buried by economics,” he said.
He said the IRP is a plan stretching up to 25 years. They will also look at the volatility of gas prices and the potential development and demand on island.
Janacek said in the last six weeks they have been investigating the companies, adding that they expect to give the CUC board an update this summer.
A final report will be ready in September 2015 for the board’s discretion, according to Janacek.
CUC’s integrated resource plan is described as a plan to determine the best combination of both base-load and renewable energy sources capable of providing reliable power at the lowest price to consumers.
