SMMPA Annual Meeting - Transmission Rate Update Summary
SMMPA, a not-for-profit serving Minnesota municipal utilities, provides power through its transmission assets. The organization annually establishes rates for open access use of its assets. The Attachment O historical template, approved by FERC, utilizes data from EIA 412 for this purpose. Key dates in the timeline for rate updates include the annual stakeholders meeting, deadline for information requests, response deadlines, and filing deadlines with FERC. The 2019 Attachment O summary outlines revenue requirements, credits, net revenue requirements, and the transmission rate. A historical comparison with 2018 actual data is also provided.
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SMMPA Attachment O 2020 Annual Meeting Transmission Formula Rate Update August 14, 2020
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 informationon SMMPA and its members visit SMMPA s website at: http://www.smmpa.com Slide 2
Background Attachment O 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 O Timeline June 1st, 2020 publish Attachment O and supporting documentation based on calendar year 2019 actual data September 1st, 2020 deadline to hold annual stakeholders meeting on formula rate update December 1st, 2020 deadline for interested parties to submit information requests January 10th, 2021 deadline for TO to respond information requests January 31st, 2021 deadline for interested parties to submit informal challenges February 28th, 2021 deadline for TO to respond to informal challenges March 15, 2021 submit informational filing to FERC March 31, 2021 deadline for interested parties to submit formal challenge to FERC Slide 4
2019 Attachment O Summary Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Attachment MM Revenue Credits Revenue Credits Net Revenue Requirements $216,541,546 $ 20,209,424 $ 7,041,722 $ 27,237,792 $ 3,356,092 $ 5,156,497 ($ 6,657,891) ($ 5,813,244) ($ 1,964,153) $ 28,356,815 Transmission Rate $3.139/kW-month Slide 5
HistoricalComparison 2018 Actual $211,315,343 $ 20,209,424 2019 Actual $ 216,541,546 $ 20,209,424 Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Attachment MM Revenue Credits Revenue Credits Net Revenue Requirements $ 6,839,753 $ 26,473,898 $ 3,426,809 $ 4,965,418 ($ 6,676,275) ($ 5,498,667) ($ 5,813,244) ($ 2,784,054) $ 26,746,882 $ 28,356,815 $ 7,041,722 $ 27,237,792 $ 3,356,092 $ 5,156,497 ($6,657,891) ($ 1,964,153) Transmission Rate $3.373/kW/Mo $3.139/kW/Mo Slide 6
2019 Net Revenue Requirements 2020 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 $1,373,953 and a load of 43.00 MWs ITCM pricing zone SMMPA has revenue requirements of $3,823,826 and a load of 28.70 MWs SMMPA/DPC pricing zone SMMPA has revenue requirements of $7,683,939 and a load of 61.10 MWs Xcel pricing zone SMMPA has revenue requirements of $15,475,098 and a load of 125.00 MWs Slide 7
Contact Information Beth Fondell Ba.fondell@smmpa.org Julie Beth Ja.beth@smmpa.org Richard Hettwer rj.hettwer@smmpa.org MISO Attachment O Rate Data Webpage: https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx Slide 8
