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Could you explain the phrase "snapshot in time"?

As it relates to an IRP, the phrase “snapshot in time” refers to incorporating the technologies, market conditions, projected demand, and other characteristics relevant to planning at the time of IRP development (for example, the laws and regulations in effect at the time of modeling).  Inputs are updated with each IRP filing, as applicable.

Other Stakeholder Questions and Answers

• Recognizing that the IRP is not a near-term construction and retirement plan, are there documents or resources regarding a near-term construction plan?
• What is the IRP and how does it guide utility decisions?