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WSPP Inc wspp

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

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  1. 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

  2. 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

  3. 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

  4. 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)

  5. 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

  6. 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

  7. 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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