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WSPP Inc wspp.org. 20 years enabling competitive power markets …. 2008 WSPP Executive Committee Meeting Treasure Island Hotel & Casino Las Vegas, Nevada November 17, 2008. WSPP MEMBERSHIP. 13 New Members in 2008 (to date) SYNERGY Power Marketing Inc Entergy Texas Inc

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Wspp inc wspp org

WSPP Inc wspp.org

20 years enabling competitive power markets …

2008 WSPP Executive Committee Meeting

Treasure Island Hotel & Casino

Las Vegas, Nevada

November 17, 2008


Wspp membership

WSPP MEMBERSHIP

13 New Members in 2008 (to date)

SYNERGY Power Marketing Inc

Entergy Texas Inc

Royal Bank of Scotland plc

Nexen Marketing USA Inc

Valley Electric Association

Black Hills/Colorado Electric Utility Company

Endure Energy LLC

Inland Empire Energy Center

3 Phases Renewables LLC

North American Energy Credit and Clearing Delivery

NaturEner USA, LLC

City of Needles (CA)

Saguaro Power Company

Note: City of Needles & Saguaro Power Company are memberships

in progress


Wspp membership1

WSPP MEMBERSHIP

  • WSPP Growth......

  • 14 at original filing in 1987

  • 45 at permanent filing in 1991

  • 55 end of 1993 (1st marketer Sept ‘93); 101 by end of ‘95

  • 41 new in ‘96; 42 in ‘97; 28 in ‘98; 7 in ‘99; 18 in ‘00; 237 by end of 2000

  • 18 in ‘01; 11 (net) in ’02; 16 in ’03; 7 (net) in ’04; 10 (net) in ’05; 13 (net) in ’06; 10 in ’07; 10 (net) in ‘08

  • 332 members total


Wspp financials

WSPP FINANCIALS

  • 2008 Budget vs. Actuals (Est Actuals through 10/31/08)

    2008 Actuals2008 BudgetVariance

    Revenues

    New Members$ 275,000$ 200,000$ 75,000

    Interest 65,500 130,000 (64,500)

    Total Revenues$ 340,500$ 330,000$ 10,500

    Expenses

    Legal$ 387,200$ 300,000$ 87,200

    Operating Agent 70,000 81,000 (11,000)

    Accounting & Tax 3,000 1,000 2,000

    EC Consultant 6,400 0 6,400

    Web Site 5,500 12,000 (6,500)

    Insurance 4,900 6,000 (1,100)

    Meetings, etc 14,700 10,000 4,700

    Total Expenses$ 491,700$ 410,000 $ 81,700

    Net Income$ (151,200)$ (80,000)$ (71,200)


Wspp financials1

WSPP FINANCIALS

  • Estimated Statement of Cash Balances

    Calendar Year 2008

    Balance 1/1/08 (estimated)$2,907,500

  • Less Expenses 1/1/08 through 10/31/08 $491,700

  • Plus Revenues 1/1/08 through 10/31/08$ 275,000

  • Plus Interest/Appreciation on Balance through 10/31/08$65,500

  • Estimated Statement of Cash Balances 10/31/08$2,756,300

  • Less Remaining 2008 Expenses (estimated)$ 68,300

  • Plus Remaining 2008 Revenues (estimated)$ 25,000

  • Plus Remaining 2008 Interest/Appreciation (estimated)$ 8,000

  • Estimated Statement of Cash Balances 12/31/08$ 2,721,000


  • Wspp financials2

    WSPP FINANCIALS

    • In accordance with paragraph 7.2 of the WSPP Agreement, the Operating Agent submits the following budget for the Operating Year 2009:

    • Legal Services & Reimbursable Expenses$360,000

    • 2.Operating Agent Services$ 84,000

    • 3.Accounting Services & Banking Fees$3,000

    • 4.Operating Committee & Contract Committee Meetings$10,000

    • 5.Internet Home Page and Web Site$8,000

    • Total 2009 Operating Budget

    • Submitted from Operating Committee$465,000

    • 6.Executive Committee and Administrative Committee Expenses$20,000

    • 7.Directors and Officers Liability Insurance Expense$ 5,000

    • Total Proposed 2009 Operating Budget$490,000


    Wspp financials3

    WSPP FINANCIALS

    • Estimated Statement of Cash Balance

      Calendar Year 2009

      Balance 1/1/09 (estimated)$2,721,000

  • Less Estimated Expenses 1/1/09 through 12/31/09 $ 490,000

  • Plus Estimated Revenues 1/1/09 through 12/31/09$ 200,000

  • (8 New Members @ $25,000/each)

  • Plus Estimated Interest/Appreciation on 2009 Balance $60,000

  • Estimated Statement of Cash Balances 12/31/09$ 2,491,000


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