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Stanford University Subsidiary Receives Market-Based Rate Authority
FERC granted Stanford University Power market-based rate authority
A subsidiary of Stanford University, which currently takes competitive direct access (DA) supply in California, Stanford University Power was created to coordinate the university’s DA supply requirements going forward.
As an example, the University has an executed renewable portfolio standard power purchase agreement with Solar Star California XLI (an indirect, wholly-owned subsidiary of SunPower) for the long-term purchase of as-available renewable energy from the Stanford Solar Generating Station, an approximately 54 megawatt (nameplate) photovoltaic electric power generating facility located in Kern County, California.
Output from the Stanford Solar Generating Station will be integrated into University’s DA retail service. A third party scheduling coordinator will schedule output from the Stanford Solar Generating Station into the California Independent System Operator markets for Stanford Power.
The University has recently assigned the agreement to Stanford Power under a process required in the PPA. Once the assignment is complete, Stanford Power will have the exclusive off-take right from the asset.
Stanford Power will not have any ownership interest and will not exercise any operational control over the Stanford Solar Generating Station. Stanford Power will be responsible for compensating the Stanford Solar Generating Station for the delivered output pursuant to the agreement.
"While Stanford Power expects to act primarily as buyer of the Stanford Solar Generating Station’s output, Stanford Power is submitting this application out of an abundance of caution, so that it can make sales for resale into the CAISO markets and with other entities such as its ESP [competitive retail electric service provider] to assist the ESP with the state-mandated renewables procurement obligation associated with the retail load the ESP serves," Stanford Power had said in its MBR application
Stanford Power had applied for MBR authority to sell wholesale electric energy, capacity, and ancillary services (the latter limited to CAISO)
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November 3, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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