GMP-CEED Fund 2016

Introductory Stakeholder Workshops

July 8, GMP Montpelier Service Center

July 14, GMP Rutland Operations Headquarters

Agenda for Todays Workshop

Welcome & Agenda Review

CEED Fund Overview

Stakeholder Proposal Process

Proposal Review Process

Stakeholder Q&A

Adjourn
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Agenda for Todays Workshop

Welcome & Agenda Review

CEED Fund Overview

Stakeholder Proposal Process

Proposal Review Process

Stakeholder Q&A

Adjourn
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CEED Fund Overview

CEED Fund created in CVPS/GMP merger docket
Total of $21M to be
invested:
$9M

$10M

$2M

$6M (W) by 12/1/12

$4M (W) by 12/1/13
*$2M (T) by 12/1/13

VT Weatherization Program (W)

Thermal Efficiency (T)
Other Projects (O)

$9M (O) by 12/31/17

* for customers who do not qualify for

VTs Weatherization program

CEED Fund Overview

2013 Annual Plan
by Customer Class

2015 Annual Plan

by Customer Class

2014 Annual Plan

by Customer Class
Residential; $421,631 ; 16%

idential; $1,711,469 ; 53%

Business; $1,509,789 ; 47%
Business; $2,140,750 ; 84%

2013 Annual Plan

by Investment Type

$3,473,797; 100%

2014 Annual Plan

by Investment Type

2015 Annual Plan

by Investment Type

Thermal; $505,381 ; 20%

New & Emerging Technologies; $375,000; 11%

Electric $1,198,000 37%

Thermal $2,023,258 63%

Electric; $2,057,000 ; 80%

Electric Programs ; $3,098,797; 89%

CEED Fund Overview

Customer Class Breakdown
Commercial; $143,963,598 ; 37%
Residential; $173,511,635 ; 44%
Industrial; $76,575,670 ; 19%

Currently Committed Funds

by Customer Class

Currently Committed Funds

by Investment Type

Business; 7,065,139 ; 38%

New Technologies; $375,000 ; 2%

Residential; 11,686,483 ; 62%

Thermal; $12,022,825 ; 64%

Electric; $6,353,797 ; 34%

Current Investments Deployed

VT State Efficiency programs

$6M Weatherization Program (2012)
$4M Weatherization Program (2013)

2013 Stakeholder Process

$2M Thermal Efficiency

Home Performance with Energy Star (VEIC)

Business Existing Facilities (VEIC)
Condominium Efficiency (Shelter Analytics)
Cold-Climate Heat Pumps (VEIC)

$1.2M Electric Efficiency

EverGreen Revolving Loan Fund (VEIC)
Greenhouse Biomass (VT Agency of Agriculture)
Direct Install Farm Efficiency (EnSave)

Other
Evaluate State Screening Tool for Renewables (GEEG, Seddon)
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Current Investments Deployed

2014 Stakeholder Process

$1.775M Electric Efficiency
Business Existing Facilities (VEIC)
EverGreen Revolving Loan Fund (VEIC)

$282k Innovation (deferred to 2015)

Farm-Phosphorous runoff mitigation (NativeEnergy)

Continuation of some 2013 programs

Current Investments Deployed

2015 Stakeholder Process

$3.09M Electric Efficiency
Business Existing Facilities (VEIC)
EverGreen Revolving Loan Fund (VEIC)
Ozone Laundry Retrofits (EnSave)

$375k New Technologies

Farm-Phosphorous runoff mitigation (NativeEnergy)
EV Charging Stations in Downtowns (VEIC)

CEED Fund Overview

Eligible Investments
New and existing electric efficiency programs;
Renewable and clean energy programs;
Demand Resources; and
New and emerging technologies
Primary Target for 2016 remains commercial sector
electrical efficiency and innovative investments,
HOWEVER, CEED is nearing its overall NSB
targets and new technology & innovative
programs can play an expanded role

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CEED Fund Requirements

Investments must achieve Net Societal Benefits (NSB) of at least

1.2 times the amount invested

But/For test - investment or project would not otherwise have

been undertaken or fully funded absent the CEED Fund
investment

Benefits/investments accrue to legacy CVPS customers in

approximate proportion to customer class revenue

Appropriate investments identified through stakeholder process

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Agenda for Todays Workshop

Welcome & Agenda Review

CEED Fund Overview

Stakeholder Proposal Process

Proposal Review Process

Stakeholder Q&A

Adjourn
12

Stakeholder Proposal
Process
GMP invites potential partners to propose their best ideas for

achieving maximum customer benefits under the program

Stakeholder process is collaborative, but also competitive -- limited

funds are available for efficiency investments

Stakeholders will present proposals for discussion at the August

workshops

Francis Wyatt of Green Energy Economics Group - energy efficiency

and planning tool expert will assist GMP in assuring stakeholder
proposals are fairly evaluated

GMP will solicit input and recommendations from stakeholders on

proposed investments

All participants will get feedback on their proposals from GMP (not
other participants)

Proposal guide and worksheet available for participants

Deadlines for submitting proposals will be strictly observed

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Stakeholder Proposal
Process
Workshop aids are available on the GMP website to

help stakeholders participate

Workshop Slide Deck
Participant Proposal Guide
Proposal Questionnaire

(attached to Proposal Guide)

2012 GMP Efficiency Fund Report

If stakeholders find valuable, GMP will conduct an NSB

workshop to assist stakeholders in understanding and
working with the state planning tool

Q&A to be posted on GMP website and updated as new

questions come in
http://www.greenmountainpower.com/innovative/ceed_fund/

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Proposed Schedule

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Agenda for Todays Workshop

Welcome & Agenda Review

CEED Fund Overview

Stakeholder Proposal Process

Proposal Review Process

Stakeholder Q&A

Adjourn
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Proposal Review

Investment criteria consistent with PSB CEED Fund requirements

Aggregate costs subtracted from aggregate benefits

Costs include: CEED investment, participating customer investment,
project delivery costs, performance monitoring, benefits
measurement and reporting and any other administrative cost
charged by any party relating to the investment.
Benefits include: Energy and capacity savings, avoided infrastructure
investments, reduced supply risk, savings as compared to other
technologies, environmental benefits, economic development benefits
and other customer benefits.

A variety of factors will inform which projects are selected

including the amount of NSB, number of customers served,
customer class, certainty and promptness of achieving
benefits, etc.

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Todays Workshop

Discussion, Questions & Comments

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