BC H YDRO F2020F2021 R EVENUE R EQUIREMENTS E XHIBIT A2-3 Mr. Fred - - PDF document

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BC H YDRO F2020F2021 R EVENUE R EQUIREMENTS E XHIBIT A2-3 Mr. Fred - - PDF document

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Patrick Wruck Suite 410, 900 Howe Street Commission Secretary Vancouver, BC Canada V6Z 2N3 P: 604.660.4700 Commission.Secretary@bcuc.com TF: 1.800.663.1385 F: 604.660.1102 bcuc.com September 20, 2019 Sent via eFile BC H YDRO F2020F2021 R

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Patrick Wruck Commission Secretary Commission.Secretary@bcuc.com bcuc.com Suite 410, 900 Howe Street Vancouver, BC Canada V6Z 2N3 P: 604.660.4700 TF: 1.800.663.1385 F: 604.660.1102

File 59886 | Community Input Session BCUC Staff Presentation 1 of 1 September 20, 2019 Sent via eFile

BC HYDRO F2020–F2021 REVENUE REQUIREMENTS EXHIBIT A2-3

  • Mr. Fred James

Chief Regulatory Officer Regulatory & Rates Group British Columbia Hydro and Power Authority 16th Floor - 333 Dunsmuir Street Vancouver, BC V6B 5R3 bchydroregulatorygroup@bchydro.com Re: British Columbia Hydro and Power Authority – F2020 to F2021 Revenue Requirements Application – Project No. 1598990 Dear Mr. James: Commission staff submit the following document for the record in this proceeding: British Columbia Utilities Commission F2020 to F2021 Revenue Requirements Application Community Input Session Staff Presentation Sincerely, Original Signed By: Patrick Wruck Commission Secretary /nd Attachment

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BC Hydro F2020 to F2021 Revenue Requirements Application

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BCUC Staff Presentation

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Proceeding Panel

  • David Morton

Panel Chair and Commissioner

  • Anna Fung

Commissioner

  • Blair Lockhart

Commissioner

  • Richard Mason

Commissioner

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Overview

1. About the BCUC 2. About BC Hydro’s F2020 to F2021 Revenue Requirements (Rates) Application 3. BCUC Review Process

  • Speakers’ presentations to the Panel

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About the BCUC

  • Independent regulatory agency of the Government of British

Columbia

  • Responsible for regulating BC’s energy utilities (gas, electric, &

thermal), intra-provincial pipelines, reliability of the electrical transmission grid; and ICBC’s basic compulsory auto insurance rates,

  • Operates at arms’ length of government and exercises role in a

nonpartisan manner

  • Governed by the Utilities Commission Act and other legislation such

as the Clean Energy Act, Freedom of Information and Protection of Privacy Act, and Administrative Tribunals Act

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BC Hydro’s Application (February 25, 2019)

  • General rate increases of 6.85% for fiscal 2020

and 0.72% for fiscal 2021

  • Reduce Deferral Account Rate Rider from 5%

to 0% effective April 1, 2019

  • Net impact of the above is a billable rate

increases of 1.76% April 1, 2019 and 0.72% April 1, 2020

  • No request for new regulatory accounts
  • Six changes and close two regulatory

accounts

  • Depreciation Rates for certain asset

classes

  • Open Access Transmission Tariff

Rates

  • Demand Side Management

expenditures schedule

  • Re-consideration of three previous

BCUC Directives

Approvals Sought*

5 * BC Hydro presentation from March 15, 2019 Workshop, slide 11

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BC Hydro’s Application

6 BC Hydro presentation from March 15, 2019 Workshop, slide 5

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BC Hydro’s Evidentiary Update

(August 22, 2019)

  • 0.99%

*Net Other includes Non-Base Operating Costs, Miscellaneous Revenue, Inter-Segment Revenue, Subsidiary Net Income, Other Utilities Revenue, and Liquefied Natural Gas Revenue. **Totals may not add due to rounding 7

Cost Component Fiscal 2020 ($ billion) Fiscal 2021 ($ billion) Cost of Energy 1.69 1.61 Operating Costs 0.79 0.80 Taxes 0.25 0.26 Capital Amortization 1.10 1.12 Finance Charges 0.74 0.70 Return on Equity 0.71 0.71 Net Other* (0.05) (0.01) Total Revenue Requirement** 5.22 5.20

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Sample Bill (based on August 22, 2019 update)

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BC Hydro’s Evidentiary Update

(August 22, 2019)

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BCUC Review Process

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Get Involved

The BCUC is committed to conducting open and transparent review processes, where members of the public have an opportunity to participate and assist the Panel in its decision-making process. We want to hear from members of the public, and ensure their voices are considered in our processes. We take public input seriously and work hard to ensure ratepayers’ interests are given fair consideration. Members of the public can participate in the proceeding by:

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Questions?

British Columbia Utilities Commission Suite 410, 900 Howe Street Vancouver, BC Canada V6Z 2N3 bcuc.com Phone: 604.660.4700 BC Toll-free: 1.800.663.1385 Fax: 604.660.1102 Email: commission.secretary@bcuc.com Twitter: @BCUtilitiesCom

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Speaker Presentations

  • Transcribed and live audio-streamed at

www.bcuc.com

  • State your first name and spell your last name
  • Tell us if you represent an organization

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