PG& E’ S USE OF AD DITIONAL CRIT ERIA AND ANALY SIS IN Sample Clauses

PG& E’ S USE OF AD DITIONAL CRIT ERIA AND ANALY SIS IN. CREATING A SHORT LIST PG&E’s overall approach to creating a short list was to rank PPA Offers for bundled delivery to a CAISO node by net value and to screen out (as a first cut) all Offers that scored below a chosen threshold for project viability. Then the PG&E team went down the list ranked by value, selecting Offers primarily based on highest valuation and higher than threshold viability. These selections were modified by criteria and preferences other than value and viability, described in this section. PG&E stopped adding highly valued projects to its short list when the total volume of the selections totaled several times the RFO’s target of 1% to 2% of PG&E’s retail load. The team made a business judgment of how much more than the target would be needed to achieve the goals for the RFO, given a likelihood that Participants would choose exclusive negotiations with other utilities or that Offers would drop out of negotiations at some point. The team applied different value cutoffs to different classes of projects based on the utility’s stated preferences; for example, the valuation cutoff was lower for projects sited within PG&E’s service territory than for those interconnecting to other utility’s grids. Similarly, the valuation cutoff for Offers of unbundled RECs or RECs plus firm energy was set higher than the cutoff for Offers proposing bundled delivery of energy to a CAISO point. Other situations where the cutoff varied are described below.
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PG& E’ S USE OF AD DITIONAL CRIT ERIA AND ANALY SIS IN. CREATING A SHORT LIST PG&E’s overall approach to creating a short list was to rank PPA Offers for delivery of bundled energy by Portfolio-Adjusted Value and to select highest-valued Offers. However, the choice of specific Offers for the short list was also strongly influenced by PG&E applying its seller concentration criterion, and placing an extra emphasis on the buyer curtailment option value component of PAV. Other criteria did not play much of a role affecting selection of the 2012 RPS RFO short list given the circumstances.

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