What are Integrated Resource Plans (IRP) in the context of LADWP?

Integrated Resource Plans (IRP) represent a comprehensive approach by utility companies, such as LADWP, to evaluate and optimize the energy resources available to meet current and future energy demands. The primary goal of an IRP is to ensure that the energy supply aligns with demand in a cost-effective and environmentally responsible manner.

In essence, an IRP takes into account various factors including current and projected energy consumption, the environmental impact of energy sources, regulatory requirements, and economic considerations. This allows the utility to strategically plan for future investments in energy generation, conservation efforts, renewable resources, and other initiatives that help maintain a reliable energy supply while minimizing costs and impact on the environment over the long term.

The IRP is critical for utilities to proactively manage their resources, ensuring they can meet consumer needs efficiently while also addressing sustainability and regulatory obligations. This emphasis on balancing supply and demand is integral to effective utility management and resource allocation, distinguishing it from plans focused solely on profit, employee training, or customer service enhancements.