2004 Long-Term RFP for 2005 Resources
Cleco Power issued its informational filing Long-Term RFP on June 27, 2007. All notices and updates related to the Long-Term RFP are posted to this site, including all documents.
Long-Term RFP Documents
Some of the RFP documents are in Adobe® Reader®. You must have this software on your computer to view the PDF files. If you do not have it, you may download it for free from the Adobe Web site.
Select a document below:
Long-Term RFP Notices and Updates
06-22-05 Update Certification Phase
Cleco Power has selected bid and power options and is moving ahead with the certification phase. Questions about the status of the RFP may continue to be addressed to the Designated Representative or the Independent Monitor. Cleco Power thanks all parties for their participation in the RFP process.
04-26-05 Update RFP Schedule
Cleco Power is in the process of preparing bidder letters to inform short-listed bidders of the status of their bids in the Long-Term RFP. These letters should be mailed this week. However, evaluation of the short-listed bids from the Short-Term RFP for 2006 resources is continuing and Cleco Power expects to notify bidders of the results of the Short-Term RFP by May 16, 2005. Any questions on the Short-Term RFP should continue to be directed to Cleco Power's Designated Representative. Any concerns on the Long-Term RFP should be directed to the Independent Monitor. 02-21-05 Notice of Evaluation Team Flowchart Revision
Cleco Power has revised its RFP evaluation flowchart to add two Rates & Regulation personnel to the corporate financial modeling team. These individuals will assist in estimating the revenue requirement impact of various RFP proposals.
01-27-05 Notice of Completed SIS Studies
Cleco Power's Transmission Operations has posted a notice on its OASIS site regarding completed System Impact Studies (SISs). The link is: http://www.oatioasis.com/CLEC/CLECdocs/System_Impact_Studies_Page.htm As set forth in Cleco Power's RFP documents, bidders may request a copy of their SIS from Cleco Power's Transmission Operations Personnel via the Cleco Power OASIS.
Bidders wishing to discuss the SIS results with Cleco Power should also make that request via Cleco Power's OASIS. Cleco Power requests such discussions be completed prior to the presently scheduled short-listing date of Feb. 7, 2005.
10-20-04 Notice of RFP Discount Rate
In accordance with recent FERC guidelines requiring companies to provide information on discount rates, Cleco Power LLC's assumed discount rate for RFP net present value and modeling purposes will be 8.38%. However, the company's debt imputation example uses a discount rate of 10% as this rate has appeared in related articles issued by Standard and Poors. Cleco has reviewed its discount rate with the LPSC Staff and the Independent Monitor and have agreed that the company will use the same capital structure as used in its self-build modeling. The debt imputation examples have been reposted to reflect these changes. 10-01-04 Notice of Debt Imputation
Cleco Power, LPSC Staff, and the Independent Monitor (IM) have reviewed Cleco Power's present proposal to include PPA-induced incremental costs of new equity in the evaluation of PPA bids. These costs result from Standard & Poor's credit review policy in which a portion of a PPA's fixed charges are imputed as debt to the utility purchaser for credit review purposes. Cleco Power's position is that such incremental costs to PPAs will be included in the evaluation of PPA bids, as shown in the examples in the RFP Documents hyperlink above; however, Cleco Power, LPSC Staff, and the IM are not at this time in full agreement on the point or how the factor can be accurately measured. Therefore, Cleco Power will rank PPA bids with and without the debt imputation costs, and will consult with LPSC Staff and the IM about the relative soundness of the two approaches, although the final decision regarding resource selections will remain with Cleco Power, again, in consultation with Staff and the IM, per the Commission's Market Based Mechanism Order in Docket No. R-26172, Subdocket A. Notice of Updates to Question and Answers (Q&A):
11-10-04 - Response to Bidders' Q&A No. 27
11-05-04 - Response to Bidders' Q&A No. 26
10-20-04 - Response to Bidders' Q&A No. 25
10-18-04 - Response to Bidders' Q&A No. 24
09-30-04 - Update of Q&A to Conform to Final RFP
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