Topic:"Innovative Financing" in M13083

Legend: Note: This checklist is intended to be used for IT/OT projects. In lieu of specific AACE guidelines for these types of projects, this checklist was developed by NS Power following the principles of the guidelines to demonstrate con...

AI summary This checklist was developed by NS Power to demonstrate confidence in the cost estimate maturity for IT/OT projects, following the principles of AACE guidelines in the absence of specific guidelines for these types of projects.

Qualitative Assessment Criteria Assessment Rationale Strategic Fit ●● MED Regulatory evolution can support DER integration efforts as needed. Potential regulatory changes are expected to become clearer as DER adoption grows and/or policies...

AI summary The document discusses the need for regulatory evolution to support DER integration, highlighting the potential for regulatory changes as DER adoption increases. It mentions innovation sandboxes as a model for testing new approaches and notes the need for stakeholder consensus and adaptation of regulatory frameworks.

Qualitative Assessment of Compensation Frameworks Criteria Assessment Rationale Description Innovative financing for DERs is an option that can help address upfront cost barriers, manage risk, and spread costs over time, making DER adoptio...

AI summary The document discusses innovative financing options for DERs, such as On-bill Financing, Tariff On Bill, and PACE, which can help reduce upfront costs and improve DER adoption. It also highlights the need for clarity on appropriate financing approaches and responsible entities. Dependencies include coordination with other entities like E1 and municipalities.

Innovation - Planning Risks: Planning processes are adapting to account for risk and uncertainty associated with when, where, and how many DERs will show up on a utility system. This includes scenario analysis, flexible signpost-based stra...

AI summary The document discusses innovation in the context of DERs, highlighting planning, technology, and regulatory risks. It outlines mechanisms like innovation funds, regulatory sandboxes, and pilot frameworks to support the integration of DERs and foster innovation in the utility sector.

Spotlight: HECO HECO has adopted an Integrated Grid Planning (IGP) framework that holistically considers generation, transmission, distribution, and customer resources. A core component of this framework is a detailed distribution system p...

AI summary HECO has implemented an Integrated Grid Planning framework that includes distribution system planning, collaboration with a Technical Advisory Panel, and an innovation pilot framework to address grid challenges and scale successful projects.