composite cost pool review 2012 final annual slice true-up adjustment
DESCRIPTION
Composite Cost Pool Review 2012 Final Annual Slice True-Up Adjustment. December 6, 2012. FY 2012 SLICE TRUE-UP ADJUSTMENT. SUMMARY OF DIFFERENCES FROM FINAL ANNUAL to 2012 RATE CASE. Summary of differences between Final Annual and Q4. Composite Cost Pool Interest Credit. - PowerPoint PPT PresentationTRANSCRIPT
B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool Review 2012 Final Annual Slice True-Up Adjustment
December 6, 2012
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
FY 2012 SLICE TRUE-UP ADJUSTMENT
FY 2012$ in thousands
January 30, 2012First Quarter Business Review
($4,924)
May 1, 2012Second Quarter Business Review
($5,325)
July 31, 2012Third Quarter Business Review
($5,182)
October 30, 2012Fourth Quarter Business Review
($9,965)
Annual Slice True-Up Adjustment Charge/Credit(negative amt. = credit on bill)
($11,831)
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
SUMMARY OF DIFFERENCES FROM FINAL ANNUAL to 2012 RATE CASE
# Composite Cost Pool True-Up
Table Reference
Final – 2012 Rate
Case$ in
thousands
1 Total Expenses Row 118 ($52,315)
2 Total Revenue Credits + DSI Revenue Credit Row 137 + 146
($6,084)
3 Minimum Required Net Revenue Row 156 $3,915
4 TOTAL Composite Cost Pool (1 - 2 + 3)($52.315M) – ($6.085M) + $3.915M = ($42.316M)
Row 158 ($42,316)
5 TOTAL in line 4 divided by .9605186 sum of TOCAs($42.316M) / .9605186) = ($44.055M)
Row 163 ($44,055)
6 Final Annual Slice True-Up Adjustment26.85407 percent of Total in line 5.2685407 * ($44.055M) = ($11.831M)
Row 164 ($11,831)
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Summary of differences between Final Annual and Q4
Row Q4 – 2012 Rate Case
$ in thousands
Final – 2012 Rate Case
$ in thousands
123
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Renewables (excludes KIII)Net Interest ExpenseFirm Surplus and Secondary Adjustment - Unused RHWM
Sum of TOCAs
35113132
162
($2,779)($16,193)
($581)
Q4 estimate0.9610425
($2,865)($22,476)
($297)
Actual0.9605186
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool Interest Credit
Allocation of Interest Earned on the Bonneville Fund($000s)
A CRate Case Final Annual
2012 2012
1 Reserves Prior to FY 2002 495,600 495,600
2 Other Adjustments 804 74,655
3Total Reserves for Composite Cost Pool(Line 1 + Line 2)
496,404 570,255
4 Composite Interest Rate 2.24% 2.41%
5 Total Composite Interest Credit (11,119) (13,722)
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Net Interest Expense
$$ in thousands $$ in thousands
2012 Rate Case Final 2012
Federal Appropriation $221,866 $205,652 Capitalization Adjustment ($45,937) ($45,937) Borrowings from US Treasury $57,866 $49,169 Interest Expense $233,794 $208,884
AFUDC ($12,511) ($8,835) Interest Income (composite) ($11,119) ($13,722) Total Net Interest Expense1 $210,164 $186,327
• Note 1: $210,164 is the combination of $208,802 on Row 113 and $1,362 on Row 114 in the Composite Cost Pool True-Up Table FY 2012 Rate Case Column.
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool True-Up - FY12 Q4 vs. FY12 Actual
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool True-Up - FY12 Q4 vs. FY12 Actual
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool True-Up - FY12 Q4 vs. FY12 Actual
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B O N N E V I L L E P O W E R A D M I N I S T R A T I O N
Composite Cost Pool True-Up - FY12 Q4 vs. FY12 Actual
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