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Informal Discussions on Proposed 2004 Rate Adjustment Sheila Cook

Informal Discussions on Proposed 2004 Rate Adjustment Sheila Cook. April 2003. Final FY 2002 Fry-Ark PRS Preliminary Fry-Ark Rate Setting PRS Preliminary LAP Rate Adjustment Options Proposed Schedule. Summary. Fry-Ark Final FY 2002 PRS Results. Existing revenue requirement meets all

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Informal Discussions on Proposed 2004 Rate Adjustment Sheila Cook

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  1. Informal Discussions onProposed 2004 Rate AdjustmentSheila Cook April 2003

  2. Final FY 2002 Fry-Ark PRS Preliminary Fry-Ark Rate Setting PRS Preliminary LAP Rate Adjustment Options Proposed Schedule Summary

  3. Fry-ArkFinal FY 2002 PRS Results Existing revenue requirement meets all requirements for annual expenses and capital repayment. - no increase is necessary

  4. Changes made to the FY 02 PRS for the Preliminary FY 03 PRS • FY 2005 Work Plans (one additional year) increased revenue requirement by 3% • O&M trend year increased $183k • Replacements increased $1,441k over the FY 2004 work plan • Changes to the purchase power and surplus energy sales projections decreased revenue requirement by 7% • Transmission expense projections increased revenue requirement by 3%

  5. Fry-ArkPreliminary FY 2003 PRS(Rate Setting PRS) Existing revenue requirement meets all requirements for annual expenses and capital repayment - no increase is necessary

  6. Preliminary Rate Adjustment Comparison of existing LAP rate to preliminary LAP solution 21.7 to 24.2 mills/kWh (2.5 mills/kWh increase)

  7. LAP Rate Components

  8. LAPRate Setting Options

  9. Proposed Schedule • Informal Meetings – April • Public Process • FRN – June 16 • 90 Day comment period (closes Sept 15) • Formal Meetings (July 14-16) • Address comments • Record of Decision (November) • Rate Announcement (Nov/Dec) • Implement January 1, 2004

  10. Other Information • Materials for formal process will be posted on Website (after June 1st) http://www.wapa.gov/rm/rm.htm • Contact Dan Payton by Email dpayton@wapa.gov • Mailing Address Western Area Power Administration Rocky Mountain Region PO Box 3700 Loveland, CO 80539

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