Hawaiian Electric RFP Process - Industry Day MCBH 11.16.23.pdf

Confidential RFP-related InformationConfidential RFP-related Information

Request for Proposals Process MCBH Industry Day November 16, 2023

Confidential RFP-related Information

Hawaiian Electric’s Goals RFP Process Upcoming RFP

Agenda

Integrated Grid Plan www.hawaiianelectric.com/igp

Energy Price Stability Reliability & Resilience Retire Fossil Fuel Generation Meet Renewable/Decarbonization Goals Acknowledge Economic Uncertainty

RFP Objectives

Renewable Energy Procurement Process

Community Outreach Meetings

Regulatory Approval

Process for RFP Final RFP

Issued Developers

Submit Proposals

Eligibility and Threshold Evaluation

Initial Evaluation

Select Priority List

Best and Final Offer

Submission Detailed

Evaluation Selection of

Final Award(s)

Contract Negotiations* / Public Meeting

Regulatory Approval

Process for PPA(s)

Projects Online

Public Comment Opportunities

* Interconnection Requirements Study concurrent

Initial Evaluation

Non-Price Evaluation

Price Evaluation

Evaluation Process

Priority List

Eligibility and Threshold

Requirement Evaluation

BAFO

Detailed Evaluation

Final Award Group

Eligibility Requirements General and administrative

Threshold Requirements Sufficiently Developed Demonstrated Technology Acceptable Execution Risk

Price and Non-Price Evaluation

Evaluation

Eleven Non‐Price Criteria Double Weighted Single Weighted

Community Outreach Experience and Qualifications

State of Project Development and Schedule Environmental Compliance and Permitting Plan Performance Standards Financial Strength and Financing Plan

Proposed Contract Modifications

Cultural Resource Impacts

Carbon Emissions (introduced in Stage 3)

Technical Model

Land Use and Impervious Cover (introduced in

CBRE)

One Overall Non‐Price Criterion Underperformance Infractions

Previous Performance (introduced in Stage 3)

NOTE: Details reflect previous RFP requirements and may not be identical in future RFPs.

Community Feedback Incorporated Higher scoring to projects that are proposed on land zoned commercial, industrial, land that greater impervious cover, or reclaimed land.

Procedural improvements made to further ensure the protection and preservation of cultural resources.

Prioritizing local labor and prevailing wage incorporated in the RFP.

Additional requirements for developers to provide monthly updates to the community prior to and throughout the construction process.

Requirement for community benefits packages to address critical needs in host communities.

Ongoing Energy Equity Docket (2022-0250) may result in additional changes to RFPs.

Community Benefits Package New in Stage 3 RFPs Based on feedback from Community Outreach meetings on Oahu At lease $3,000 per MW Documented community benefits package highlighting the distribution of funds

Actions and/or programs aimed at addressing specific needs identified by the host community

OR to a 501(c)(3) not-for-profit community-based organization(s) to directly address host community-identified needs

Part of the Community Outreach non-price criteria

NOTE: Details reflect previous RFP requirements and may not be identical in future RFPs.

Interconnection Process

Required with Proposal

• Models

At Priority List Selection

• $15,000 for model review

At Final Award

• Updated models due in 30 days

• IRS Agreement

• SIS to start 60 days after selection

• PPA executed after studies completedNOTE: Details reflect previous RFP requirements and may not be identical in future RFPs.

Upcoming IGP RFP April 2024 •IGP 1st Procurement Draft RFP submitted to

PUC

Sept 2024 •IGP 1st RFP Issued

4Q 2024 •IGP Long‐term RFP issued

July 2025 •IGP 1st RFP Awards

Q4 2025 •IGP 2nd RFP Issued

Q4 2026 •IGP 2nd RFP Awards

2029‐2030

•IGP

Procurements in service

For updates and more information, please see:

www.hawaiianelectric.com/competitivebidding

Mahalo for your time.

Any questions?

For updates and more information, please see:

www.hawaiianelectric.com/competitivebidding