Avista submits 2020 Electric Integrated Resource Plan
“This IRP reflects a significant reduction in fossil fuel generation for our customers,” said
Avista typically files its Electric IRP in both
Avista is modeling a future that reflects both CETA requirements and its own clean electricity goals. Last year, Avista announced its goal to serve its customers with 100 percent clean electricity by 2045 and to have a carbon-neutral supply of electricity by the end of 2027.
The 2020 IRP has a larger portfolio of new resources than in previous IRPs. A combination of new wind, storage and demand response is planned to replace coal and some natural gas-fired generation by 2026. Avista will continue to maintain its existing clean hydropower and biomass plants and look for opportunities for upgrades. Avista anticipates customer load growth of 0.3 percent, replacing the 0.5 percent projected growth in the 2017 IRP.
Some highlights of the 2020 IRP include:
- The resource strategy in this IRP projects 2030 greenhouse gas emissions will be about 80 percent below 2018 levels.
- In total, Avista estimates adding 300 MW of new wind generation by 2023 and an additional 200 MW by 2027.
- Energy efficiency meets 71 percent of new load growth compared to 53 percent in the 2017 IRP.
Each IRP is a thoroughly researched and data-driven document identifying a resource strategy to meet customer needs while balancing costs and risk measures with environmental goals and mandates. Avista’s professional energy analysts use sophisticated modeling tools and input from over 75 participants to develop each plan. The participants in the public process include customers, environmental organizations and business groups, elected officials and utility commission staff. Avista typically does not forecast beyond 20 years, but given the clean energy goals and mandates, it was determined that modeling resources 25 years in the future had merit. The plan is typically updated every two years.
More information on Avista’s diverse energy mix and the IRP is available at myavista.com/IRP.
This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended
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Source: Avista Corporation