Juan de Fuca Cable

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Juan de Fuca Cable

• .

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Safe Harbor Statement

• Included in this document is certain information
  which is forward looking information as defined
  by the Private Securities Litigation Reform Act
  of 1995. Examples include our expectations,
  beliefs, plans, goals, objectives and future
  financial and other assumptions. This
  information, by its nature, involves estimates,
  projections, forecasts and uncertainties and
  actual results or outcomes may differ
  substantially from those expressed.
• Many factors that are difficult to predict,
  involve uncertainties that may materially affect
  actual results, are beyond our ability to
  control, and may influence our business and its
  outcomes. These factors include, without
  limitation, the risks of operating a deregulated
  business in a formerly regulated industry that is
  early in the process of becoming deregulated,
  weather conditions and fluctuations in
  energy-related commodities prices.

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International Interconnection
Project Description

• 550 MW HCDC Light
• 150 kV
• Bi-directional
• 51 km Total Length36 km Undersea

BCTC and BPA

• Connecting Radial Ends of Two Systems

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International Regional Benefits
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Project Status
2006 Certificate of Public Convenience and
Necessity National Energy Board of
Canada 2006 Market Authority US Federal
Energy Regulatory Commission (FERC) 2006 FERC
Order/ Market Authority 2008 Presidential
Permit Full NEPA/ EIS US Department of
Energy 2009 Interconnection and Facilities
Studies Completed 2010 Additional Flow Modeling
Studies and System Benefit Studies 2011 Phase 2
Path Rating - Western Electricity Coordination
Council 2011 est. Commencement of
Construction 2013 est. Commercial Operation
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HVDC Two Types
Technology

• HVDC Light

HVDC Classic
Long Distance Transmission
Smart Grid - Friendly

• Bulk Power
• Minimal Line Losses

• Fast - Responsive - Controllable
• Suited for Automated Use

Regional Applications

• Offshore and Remote Sites
• Distant Weak Connections
• Ride Through Capability
• Seams Issues

Technical Attributes

• VARs Versatile Reactive Power
• Black Start Capability

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Strategic Benefits
Business Case
30 Increased N/S Capacity West of
Cascades Ring-bus Puget Sound Georgia
Basin Congestion Relief Blaine Intertie Cross
Cascades By-pass to California Market Security
Benefits
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Geographic Rationale
Business Case
Renewables Firming Renewables
R 2 R
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Marketing Two Pronged Approach
Business Case
Marketing Two Pronged Approach
Revenue Sharing Agreements
Regulated Customers

• Wholesale Transmission Providers

Bonneville Power Administration BC Hydro
Reliability and Capacity Benefits Ancillary
Services Firm Transmission Scheduling
Rights System Benefits
Negotiated Bi-lateral Contracts
Unregulated Customers

• Independent Power Producers (IPPs)
• Electricity Traders
• Firm and Non-firm Transactions

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Cost Recovery
Business Case
Cost Recovery for Regulated Customers
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Thank you