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PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

ID #11351

ENERGY DIVISION RESOLUTION E-4501

RESOLUTION

Resolution E-4501. Southern California Edison Company requests approval of a power purchase agreement with McCoy Solar, LLC a subsidiary of NextEra Energy Resources, LLC.

PROPOSED OUTCOME: This Resolution approves cost recovery for a power purchase agreement between Southern California Edison Company and McCoy Solar, LLC.

ESTIMATED COST: Actual costs are confidential at this time.

By Advice Letter 2661-E filed on November 28, 2011.

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SUMMARY

Southern California Edison Company's renewable energy power purchase agreement with McCoy Solar, LLC.

Southern California Edison Company (SCE) requests approval of a power purchase agreement (PPA) with McCoy Solar, LLC a subsidiary of NextEra Energy Resources, LLC. McCoy Solar, LLC is developing a new solar photovoltaic project in Riverside County, California with a total capacity of 250 megawatts (MW) and total annual expected generation of 611 gigawatt-hours (GWh).

The McCoy Solar, LLC facility (McCoy Solar) is forecast to achieve commercial operation no later than November 30, 2016 coinciding with SCE's Renewables Portfolio Standard (RPS) portfolio needs in the second half of this decade. The McCoy Solar PPA is reasonably priced compared to other contracts offered to SCE at the time the McCoy Solar PPA was signed, including offers received in SCE's 2011 RPS solicitation. The McCoy Solar PPA was negotiated bilaterally prior to SCE's 2011 RPS solicitation; however, SCE executed the PPA only after seeing the results of the 2011 solicitation to ensure that the McCoy Solar PPA was of comparable or better value to other RPS market offers.

This resolution approves SCE's PPA with McCoy Solar, LLC without modification. SCE's execution of the PPA is consistent with SCE's 2011 RPS Procurement Plan, which the Commission approved in Decision 11-04-030. The procurement costs incurred by SCE associated with the McCoy Solar, LLC PPA are fully recoverable in rates over the life of the PPA, subject to Commission review of SCE's administration of the PPA.

The following table summarizes the project-specific features of the agreement:

Generating Facility

Type

Term
Years

MW Capacity

Annual Deliveries

Online Date

Project Location

McCoy Solar

Solar PV

20

250

611 GWh

November 30, 2016

Riverside Co.,

CA

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