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Westar Energy’s 2012 Annual Transmission Revenue Requirement Meeting

Westar Energy’s 2012 Annual Transmission Revenue Requirement Meeting. October 25, 2011. Today. Status Report: Transmission Projects Quick Review of the Past The Results: 2012 ATRR What Do These Results Mean to Our Customers? Protocol Review. 2007. 2008. 2009. 2010. 2011. 2012.

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Westar Energy’s 2012 Annual Transmission Revenue Requirement Meeting

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  1. Westar Energy’s 2012Annual Transmission Revenue Requirement Meeting October 25, 2011

  2. Today • Status Report: Transmission Projects • Quick Review of the Past • The Results: 2012 ATRR • What Do These Results Mean to Our Customers? • Protocol Review

  3. 2007 2008 2009 2010 2011 2012 2013 2014

  4. Transmission Investment Millions $ Projected Projected Projected

  5. Future Projects in the Southwest Power Pool

  6. Quick Review: The Formula • Gross Revenue Requirement (GRR) includes: • Projected Transmission Plant • Projected Transmission O&M • Projected Transmission Depreciation Expense • Taxes • Return • Net Revenue Requirement adjusts the GRR for: • Revenue Credits received for Point-to-Point Transmission Service • “Rent” received (i.e. pole attachments) • True-Up for prior year’s difference between actual and projected, including interest

  7. Quick Review: The Past • 2009 was the first ATRR that included the forward-looking, revised formula • The first substantial true-up adjustment of -$17.8 M was applied in the 2011 ATRR, for 2009 business: • Actual O&M expenditures in 2009 were lower than projected • Actual revenue credits received for PTP service in 2009 were higher than projected • Therefore, the net ATRR increase from 2010 to 2011 was 12% (it would have been 25% without the -$17.8 M adjustment)

  8. The Results: ATRR for 2012 Westar’s Gross Rev. Requirement $203,102,936 Revenue Credits ($ 21,496,752) True-Up from 2010 $ 4,453,094 Westar’s Net Rev. Requirement $186,059,278 SPP’s BPF Rev. Requirement* ($ 38,125,719) Westar’s Zonal Rev. Requirement**$147,933,559 * Funds collected under Schedule 11 ** Resulting rates go into effect with January 1, 2012, business

  9. The Results: What Does this Mean to You? * Includes Westar’s respective Zonal ATRR plus the most recent information posted in Attachment H of SPP’s OATT; amounts in Attachment H vary throughout the year, depending on activities of other TOs in SPP

  10. Formula Protocols: Annual Update • Today: October 25, 2011 • Comments are accepted through November 30, 2011 • If necessary, revised ATRR will be posted on November 30, 2011 • Send comments or questions via e-mail to: • Sheila Gropp at sheila.gropp@westarenergy.com • Please cc: leslie.wines@westarenergy.com

  11. Summary • Thank you very much for participating in today’s meeting! • We are here to assist in any way possible. • Please let us know if you have any questions. • Safe travels home! • SAVE THE DATE FOR THE 2011 TRUE-UP MEETING: June 26, 2012

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