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SMMPA Attachment O 2016 Annual Meeting

SMMPA Attachment O 2016 Annual Meeting. Transmission Formula Rate Update August 18, 2016. Background. SMMPA is a not-for-profit, political subdivision of the State of Minnesota SMMPA supplies power to its 18 member municipal utilities SMMPA is governed by its members

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SMMPA Attachment O 2016 Annual Meeting

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  1. SMMPAAttachment O 2016 Annual Meeting Transmission Formula Rate Update August 18, 2016

  2. Background • SMMPA is a not-for-profit, political subdivision of the State of Minnesota • SMMPA supplies power to its 18 member municipal utilities • SMMPA is governed by its members • For more information on SMMPA and its members visit SMMPA’s website at: • http://www.smmpa.org

  3. Background Attachment O • SMMPA became a Transmission Owning member of MISO April 1, 2006 • As a Transmission Owner (TO) SMMPA must annually establish rates for open access use of its transmission assets • SMMPA filed with FERC in 2006 for its own Cash Flow Attachment O historical template • SMMPA utilizes the Cash Flow Attachment O historical template approved by FERC based on data from EIA 412

  4. Attachment O Timeline • June 1st, 2016 publish Attachment O and supporting documentation based on calendar year 2015 actual data • September 1st, 2016 deadline to hold annual stakeholders meeting on formula rate update • December 1st, 2016 deadline for interested parties to submit information requests • January 10th, 2017 deadline for TO to respond information requests • January 31st, 2017 deadline for interested parties to submit informal challenges

  5. Attachment O Timeline Continued • February 28th, 2017 deadline for TO to respond to informal challenges • March 15, 2017 submit informational filing to FERC • March 31, 2017 deadline for interested parties to submit formal challenge to FERC

  6. 2015 Attachment O Summary • Transmission plant $143,348,606 • Intangible – Direct Transmission $ 19,461,271 • Transmission Revenue Requirements: • Operation & Maintenance $ 6,151,589 • Debt Service $ 20,257,350 • Other Taxes $ 2,102,801 • Margin Requirement $ 3,662,931 • Attachment GG Revenue Credits ($ 6,513,859) • Revenue Credits ($ 1,739,050) • Net Revenue Requirements $ 23,921,763 • Transmission Rate $7.895/kW-month

  7. Historical Comparison 2014 Actual2015 Actual • Transmission plant $117,924,226 $143,348,606 • Intangible – Direct Transmission $ 32,047,312 $ 19,461,271 • Transmission Revenue Requirements: • Operation & Maintenance $ 5,754,152 $ 6,151,589 • Debt Service $ 18,791,748 $ 20,257,350 • Other Taxes $ 1,843,295 $ 2,102,801 • Margin Requirement $ 3,397,033 $ 3,662,931 • Attachment GG Revenue Credits ($ 1,260,782) ($ 6,513,859) • Revenue Credits ($ 1,711,011)($ 1,739,050) • Net Revenue Requirements $ 26,814,435 $ 23,921,763 • Transmission Rate $5.105/kW-month $7.895/kW-month

  8. 2015 Net Revenue Requirements Per MISO Pricing Zone • SMMPA has transmission assets and load in 4 different pricing zones in MISO • SMMPA has entered into Joint Pricing Zone Agreements with GRE, ITCM and Xcel which have been filed at FERC • GRE pricing zone - SMMPA has revenue requirements of $1,555,530 and a load of 42.30 MWs • ITCM pricing zone – SMMPA has revenue requirements of $3,541,644 and a load of 28.40 MWs • SMMPA/DPC pricing zone – SMMPA has revenue requirements of $7,680,154 and a load of 55.60 MWs – there was a load reduction of 183.30 MWs for inclusion in RPU’s Attachment O load • Xcel pricing zone – SMMPA has revenue requirements of $11,144,434 and a load of 126.20 MWs

  9. Contact Information • John Winter • Jd.winter@smmpa.org • Laura Sandwick • Lm.sandwick@smmpa.org • Richard Hettwer • rj.hettwer@smmpa.org MISO Attachment O Rate Data Webpage: https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx

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