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New practices in utility integrated resource planning

On behalf of the Kansas Corporation Commission, reviewed best practices in integrated utility resource planning in the current utility sector market economics and rapidly changing technological environment. Addressed concerns with declining load growth, economic uncertainty, continued decline in renewable energy technology costs, and a long-term horizon with low natural gas prices with a series of integrated resource planning principles that stress scenario planning, built-in flexibility to unwind projects as circumstances change, and the regular re-assessment of all key assumptions underpinning the selected resource plan.

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