We have just learned that LADWP will be bringing their long-awaited Feed-in Tariff (FiT) program to their Board this Friday, January 11, 2013. The meeting will be held at LADWP Headquarters in Room 1555-H, beginning at 9:00 a.m. and it is open to the public. (You can see the meeting Agenda here - this is Item # 20.)
We are still reviewing the Proposal (read it here) - it has been significantly revised since last we wrote about this program in October - but here are some highlights so far:
- Initial Base Price of Energy Increased - The earlier proposal had this set at $0.15/kWh but this has now been revised upward to $0.17/kWh. It remains to be seen whether that is sufficient to subscribe the program. This will step down based on a tiered implementation schedule.
- Overall Program Size - The earlier proposal called for a total program of 150MW divided into a bundled group and the individual project group. The new proposal allocates 100 MW to individual projects at the start, with 50 MW more to be added later. (Not clear yet what became of the “bundled group.")
- Tranches - The 100 MW is divided into 20 MW tranches to be allocated every six months.
We will have much more to say about the proposal (and the process of developing it) after the Board meeting on Friday which we are planning to attend. If you have thoughts or questions about the proposal, please try to attend - or just let us know your thoughts in the comments.