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Department of Public Service 112 State Street - Drawer 20 Montpelier, Vermont 05602-2601 (802) 828-2811 TTY/TDD (VT): 1-800-734-8390 e-mail: [email protected] Internet: http://www.state.vt.us/psd Vermont Department of Public Service 2004 VERMONT COMPREHENSIVE ENERGY AND ELECTRIC PLAN -- FINAL DRAFT -- December 4, 2003 Pursuant to 30 V.S.A. § 202(b) and § 202b(a)Draft - 2004 VERMONT COMPREHENSIV ENERGY AND ELECTRIC PLAN The Vermont Department of Public Service is an equal opportunity agency and offers all persons the benefits of participating in its services, programs, and activities and competing in all areas of employment, regardless of race, color, religion, sex, national origin, age, sexual orientation, or disability. This document can be made available in alternate format on request. Contact: Deputy Commissioner, Department of Public Service, 802-828-2811 (voice), 800-734-8390 (TTY).Draft - 2004 VERMONT COMPREHENSIVE ENERGY AND ELECTRIC PLAN iii Vermont Department of Public Service - Final Draft - 2004 VERMONT COMPREHENSIVE ENERGY AND ELECTRIC PLAN December 4, 2003 Pursuant to 30 V.S.A. § 202(b) and § 202b(a) Department of Public Service 112 State Street - Drawer 20 Montpelier, VT 05602-2601 (802) 828-2811 TTY/TDD (VT): 1-800-734-8390 e-mail: [email protected] Internet: http://www.state.vt.us/psdiv Draft - 2004 VERMONT COMPREHENSIV ENERGY AND ELECTRIC PLAN Table of Contents Executive Summary............................................................................................................ 1 Introduction..................................................................................................................... 1 Making Energy Choices.................................................................................................. 3 Electricity.................................................................................................................... 3 Improve Electric Resource Strategies Using Rigorous Decision Analysis Techniques .............................................................................................................. 4 Develop More Efficient Rate Designs .................................................................... 5 Increase Regulatory Clarity.................................................................................... 5 Continue To Improve Electric Energy Efficiency.................................................. 5 Encourage Renewable Resource Development ...................................................... 6 Natural Gas ................................................................................................................. 7 Petroleum .................................................................................................................... 7 Action Plan...................................................................................................................... 8 Short-Term Action Plan (2004 – 2007) ...................................................................... 9 Mid-Term Action Plan (2007 – 2012) ...................................................................... 10 Long-Term Action Plan (2012 – 2022) .................................................................... 10 Introduction......................................................................................................................... 1 Energy - A Fundamental Component Of The Vermont Economy ................................. 1 Legal Basis For The Twenty-Year Plan.......................................................................... 4 Goals ............................................................................................................................... 5 Outline Of The Remainder Of This Plan........................................................................ 6 Chapter 2 - The Demand And Supply Of Energy In Vermont ........................................... 7 Introduction..................................................................................................................... 7 A Brief History Of Electric Demand In Vermont........................................................... 7 Growth In Overall Energy Consumption.................................................................... 8 Growth In Peak Electric Demand ............................................................................... 9 Vermont’s Current Electric Supply ..............................................................................10 Vermont’s Electric Portfolio Today.......................................................................... 10 Hydro Québec ....................................................................................................... 11 Vermont Yankee ................................................................................................... 11 Renewable Generation Supplies ........................................................................... 12 Environmental Attributes Of Vermont’s Electric Supply Portfolio ......................... 15 Implications Of Restructuring................................................................................... 16 Supply-Demand Balance........................................................................................... 18 Development Of New Gas-Fired Cc Generating Capacity. ...................................... 19 Natural Gas ................................................................................................................... 20 Gas Supply And Storage........................................................................................... 20 System Transmission................................................................................................ 21 Petroleum Demand........................................................................................................ 22 Transportation Demands........................................................................................... 22 Non-Transportation Demands................................................................................... 23 Chapter 3 – Energy Forecasts ........................................................................................... 25
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