Technical Briefing FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR...
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Technical Briefing FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR Pacific NW Project-05- 2013 FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
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Transcript of Technical Briefing FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR...
Technical BriefingFORTIS-BC
Working With:
Office of Columbia River, WADept. of Water Resources, OR
Pacific NW Project-05-2013
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project-05-2013
Similkameen Hydro Project:
1.Near Princeton, B.C
2.Similkameen River to Okanagan River to Columbia River
3.Reservoir Storage Project, 154,000 acre-ft. Live Storage.
4.“Rimrock-Like” Project (Tieton River, WA).
Princeton, BC
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
BC
WA
Pacific NW Project-05-2013
Water Demand-Mitigation
Columbia River Water Supply Programs
1. New WA and OR Columbia River Water Rights Legislation and
Mitigation Agreements.
2. Demand and Mitigation Strategy For:
1. 77,000 a.f. WA.
2. 77,000 a.f. OR.
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project-05-2013
Determining Water Market Value Mainstem-Irrigated Agriculture 1) Columbia River Basin:
Active Water Markets. Capital Value.
$1,500/Acre-ft. Annualized Value:
$145/acre-ft.
2) Downstream Value: 154,000 acre-ft. $231 Million.
3) Western U.S.: Water Markets. $1,500-2,500/Acre-ft. Municipal Sector => $2,500/Acre-ft.
Water Market Clearing Price
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project-05-2013
Water Demand Profile (Curve)
Total Volume154,000 Acre-ft. July
546 cfs
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project-05-2013
Financial Payment Structure
1) Office of Columbia River-WA Requests Legislative Funding--Bonding Authority.
2) Water Resources Department-OR Requests Legislative Funding—Bonding Authority.
3) Payment Strategy: Capital Payment to
FortisBC. Long-Term Amortization
4) Legislative/Funding Process: 2015-2017 Timeline. Authorization/Allocation.
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project-05-2013
Signed MOU With OCR-WA and WRD-OR Water Storage Contract:
1)Key Items for Contract:
Price $/Acre-ft. $1,500/Acre-ft.
Total Demand. 154,000 a.f. plus.
Demand Profile/Curve. July-September?
Financial Structure Capital Payment. Amortization Period.
Contingencies?
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
FortisBC, Kelowna, BCPower Generation Engineering and Economics
Pacific NW Project-05-2013
FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
