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REC treatment, valuation method and PTC assumptions become central fault lines in Utah clean-energy hearing
Summary
Agency experts and intervenors told the Utah PSC that the company's IRP assumptions about displaced proxy resources and production tax-credit eligibility materially affect avoided-cost valuations and whether program RECs should be retired or could be donated back to the system.
Salt Lake City — One of the most contested policy issues at the Utah Public Service Commission hearing was how to value the energy and non-energy attributes of any program resource and whether program-produced renewable energy certificates (RECs) must be retired.
Agency expert Kevin Higgins told regulators the company's baseline assumptions in the 2025 IRP are incorrect as applied to the program. "The outdated IRP modeling assumption that the program resource would cause the displacement or loss of PTCs ... is not a minor flaw ... but a fatal 1 that would have a devastating impact on the economic viability of the program resource," Higgins testified, arguing that using…
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