Integrated Resource Plan
Electrical utilities periodically develop integrated resource plans to determine the most cost-effective way to meet the future needs of their customers. The plans typically compile a list of various energy resource options for meeting these needs, including both new generating facilities and energy efficiency and demand response programs to reduce the demand for electricity. These options are assembled into resource portfolios, which are then evaluated for several criteria, including capital and fuel costs, reliability, compliance with existing and anticipated future regulations and other factors. The portfolio most likely to meet corporate goals is then selected and implemented.