1 / 15

NIMO TSC Customer Meeting

NIMO TSC Customer Meeting. June 29, 2009 Syracuse. First Annual Update.

osias
Download Presentation

NIMO TSC Customer Meeting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. NIMO TSC Customer Meeting June 29, 2009 Syracuse

  2. First Annual Update • Section 9.4 of the Tariff requires an annual update to recalculate NIMO’s revenue requirement (RR), system control and dispatch (CCC), and billing unit (BU) components of the NYISO TSC formula rate by June 14th for each upcoming year. • Section 9.4(b)2 of the settlement requires NMPC to hold a customer meeting within 30 days of the Publication Date. The purpose of the meeting is to explain the Update, to respond to questions to the extent possible, and for Interested Parties to identify concerns, to the extent known. • The First Annual Update Publication Date is June 11, 2009.

  3. Background: TSC formula Wholesale TSC = {(RR / 12) + (CCC /12) + (LTPP / 12) – SR – ECR – CRR – WR-Reserved}/ (BU/12) RR = Revenue Requirement CCC = Scheduling, System Control and Dispatch Costs LTPP = Net LBMP Transition Period Payment SR = Direct Sale by the TO of Original Residual TCCs ECR = TO Net Congestion Rents CRR = TO Congestion Payments WR = Wheels through and Export Transactions Reserved = TO Congestion payments received per Section 2.3 of Attachment N BU = TO Billing Units (MWh) Today’s discussion focuses on these three specific components.

  4. Component Comparison    =

  5. Annual True-up     =

  6. Factors Affecting Historical RR increase • Investment Base -$.9M • Debt Rate $7.3M • O&M Expense $2.2M • A&G Expense $3.3M • Revenue Credits & Rents $1.3M • Other $0.7M • Total $13.9M

  7. Increase in Investment Base Plant Additions Forecasted for 2008 = $72.M Actual 2008 Plant Additions =$106M, Retirements & Transfers= $10.6M

  8. Plant Additions • Clay Station • EDIC New Scotland • Huntley Capacitor banks • New Gardenville • Harris Road substation

  9. Impact of 2008 Investment increase

  10. Impact of Debt Rate increase $600M of 7.75% Senior Notes matured 10/08, interest expense declined $9.3M

  11. Operation and Maintenance Increased due to increased maintenance program. National Grid met it’s reliability standards in 2008.

  12. Administrative and General Expenses A&G Increases Salaries $ .86M Office Supplies $1.12M Regulatory $ .25M .

  13. Billing Units - MWH Most zones experiencing an economic decline Zone 3 increase due to US Army - Fort Drum, and Newton Falls Fine Paper

  14. Other Business • A final Order in Docket No. ER08-552 accepting the proposed settlement was issued June 22, 2009. • Refunds will be made no later than July 15th • “Phase-in” period ended June 30, 2009 Partial Year Rate Effective January 1, 2009 – June 30, 2009 = 5.69 RR CCC BU $201,065,318 5,001,254 36,247,418

  15. Questions

More Related