Sept 20, 2018 – Springfield, Oregon Oregon PUD Association Annual Meeting www.avangrid.com 1
Who is Avangrid Renewables? AVANGRID is a large regulated and renewables business with a broad geographic reach and focus on clean energy . 3.2M Electric Regulated Customers; FERC Rate Base $9.1B Business Transmission Large-Scale Renewables 73% of Production Renewables 6.5 GW; 22 States under PPA Business www.avangrid.com 2 OPUDA
Avangrid Renewables: Overview of Operations 3rd Largest Owner/Operator of Renewables in U.S. • 6,500 MW wind & solar in operation or under construction • Industry-leading energy management capabilities • Operations in 22 states, 7 electric power markets • 24/7 operations, maintenance, dispatch, & load balancing for 59 wind & solar assets www.avangrid.com 3
Highlights of Recent Transactions • Since 2016, executed over 1800 MW of new renewable PPAs • Nationwide headquarters for renewable energy business is in the Northwest • Own and operate 1300 MW of wind in WA and OR under long-term contracts with utilities • Own and operate the largest solar facility in Oregon, 56 MW Gala Solar Facility in Prineville, Oregon serving data center load 200 MW of new OR wind facility under construction • • Provide Direct Access services for large corporate loads including 100% renewable energy for the headquarters for a major apparel company • Executed 800 MW offshore wind project in MA www.avangrid.com 4
Table of Contents BA update and Northwest strategy www.avangrid.com 5 OPUDA
Avangrid Renewables Northwest Balancing Authority Independent, Generation-Only Balancing Authority (BA) • On July 31, 2018 the Avangrid BA became operational encompassing Avangrid’s Northwest renewable assets that currently reside in the Bonneville BA • Generation-only BA comprised of 1,300+ MWs of wind generation balanced primarily by 550 MW of Combined Cycle Gas, 100 MW of Simple Cycle Gas CTs and 190 MW of Mid-C Hydroelectric Power BA Operations will enable the following Key Benefits • Improved Operational Flexibility and access to a greater number of market structures that can only be utilized as a BA • Advance the benefits we received through our Self Supply program which has protected portfolio value, reduced wind curtailments, continued Long Term integration cost certainty. This benefiting both Avangrid and its customers through improved service offerings at lower costs. • A platform for growth through services to customers, 3rd parties and load serving entities www.avangrid.com 6 OPUDA
Where Did We Come From and Where Are We Going Wind Integration Charges (WIC) by Market Structure BPA WIC Self-Supply Integration Cost Balancing Authority Western EIM ISO/RTO 2010 2016 2019 2021 2025 Year www.avangrid.com 7 OPUDA
Balancing the Wind Portfolio (July 31, 2018) www.avangrid.com 8 OPUDA
Balancing Authority Area + Storage Install a 10MW battery in Avangrid’s balancing authority area to reduce wind and solar integration costs Wind generation below schedule BA must increase (INC) energy battery is discharged Wind generation above schedule BA must decrease (DEC) energy battery is charged www.avangrid.com OPUDA 9
Storage Applications Multiple Applications Wind & Solar Integration Hybrid products (Renewable Energy Time-shift) Renewable Capacity Firming Peaked substitutes Actively participating in multiple storage RFP in the west for multiple applications and exploring possibilities in the East www.avangrid.com 10 OPUDA
Wrap-up Questions? www.avangrid.com 11 OPUDA
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