SMMPA Annual Meeting Transmission Rate Update 2018
SMMPA, a not-for-profit political subdivision in Minnesota, updated its transmission rate formula in August 2018. The Attachment O timeline outlines crucial dates for stakeholders, including the annual meeting on formula rate updates. SMMPA, as a Transmission Owner in MISO, follows FERC-approved templates for establishing rates. The 2017 Attachment O summary shows key financial data and the transmission rate at $3.584/kW-month. Historical comparisons indicate the evolution of transmission revenue requirements. Timely submissions and responses are critical in the rate-setting process, culminating in a formal challenge deadline in March 2019.
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SMMPA Attachment O 2018 Annual Meeting Transmission Formula Rate Update August 24, 2018
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 Seven member board of directors For more information on SMMPA and its members visit SMMPA s http://www.smmpa.com website at: http://www.smmpa.com Slide 2
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 FERC approved SMMPA s cash flow Attachment O historical template in 2006 SMMPA utilizes the Cash Flow Attachment O historical template approved by FERC based on data from EIA 412 Slide 3
Attachment O Timeline June 1st, 2018 publish Attachment O and supporting documentation based on calendar year 2017 actual data September 1st, 2018 deadline to hold annual stakeholders meeting on formula rate update December 1st, 2018 deadline for interested parties to submit information requests January 10th, 2019 deadline for TO to respond information requests January 31st, 2019 deadline for interested parties to submit informal challenges February 28th, 2019 deadline for TO to respond to informal challenges March 15, 2019 submit informational filing to FERC March 31, 2019 deadline for interested parties to submit formal challenge to FERC Slide 4
2017 Attachment O Summary Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Revenue Credits Net Revenue Requirements $182,846,785 $ 19,461,271 $ 7,743,512 $ 25,319,006 $ 3,253,587 $ 4,592,676 ($ 7,648,713) ($ 2,554,578) $ 30,705,490 Transmission Rate $3.584/kW-month Slide 5
Historical Comparison 2016 Actual $180,370,431 $182,846,785 $ 19,461,271 $ 19,461,271 2017 Actual Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Revenue Credits Net Revenue Requirements $ 6,724,588 $ 24,606,983 $ 2,122,087 $ 4,484,574 ($ 6,859,248) ($ 2,028,241) $ 29,050,743 $ 7,743,512 $ 25,319,006 $ 3,253,587 $ 4,592,676 ($ 7,648,713) ($ 2,554,578) $ 30,705,490 Transmission Rate $3.051/kW/Mo $3.584/kW/Mo Slide 6
2017 Net Revenue Requirements 2018 Rates for MISO Pricing Zones 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 $1,535,038 and a load of 42.40 MWs ITCM pricing zone SMMPA has revenue requirements of $3,611,911 and a load of 28.60 MWs SMMPA/DPC pricing zone SMMPA has revenue requirements of $8,724,491 and a load of 62.90 MWs there was a load reduction of 185.10 MWs for inclusion in RPU s Attachment O load Xcel pricing zone SMMPA has revenue requirements of $16,834,049 and a load of 128.00 MWs Slide 7
Contact Information John Winter Jd.winter@smmpa.org Jd.winter@smmpa.org Laura Sandwick Lm.sandwick@smmpa.org Lm.sandwick@smmpa.org Richard Hettwer rj.hettwer@smmpa.org rj.hettwer@smmpa.org https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx MISO Attachment O Rate Data Webpage: https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateDa ta.aspx https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx Slide 8
