Technical Briefing FORTIS-BC Working With: Office of Columbia River, WA Dept. of Water Resources, OR Pacific NW Project FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project 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 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 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 Water Demand Profile (Curve) Total Volume 154,000 Acre-ft. July 546 cfs FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project 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: Timeline. Authorization/Allocation. FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR
Pacific NW Project 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, BC Power Generation Engineering and Economics Pacific NW Project FortisBC Similkameen Hydro Project Downstream Water Supply Benefits for WA and OR