October 19, 2016 Summarize PPI-specific protocols under ER15-2364 - - PowerPoint PPT Presentation

October 19, 2016

Summarize PPI-specific protocols under ER15-2364 Review 2017 Projections Explain Ameren IL Company Joint Zone Rate structure

2

October 7, 2015

October 7, 2015 October 7, 2015 October 7, 2015 – FERC approved PPI Section 205 filing to revise MISO Tariff sheets for Attachments O, GG and MM

• ER15-2364
• Establishes company-specific Attachment O-PPI which

calculates a forward-looking revenue requirement in the Ameren IL Zone

• Institutes the transparency and true-up mechanism

Protocols for Attachments O and GG

• Includes PPI in Attachment MM provisions
• Effective Date:

October 1, 2015 for Protocols January 1, 2016 for Revenue Requirement

3

Date/Deadline Date/Deadline Date/Deadline Date/Deadline Activity Activity Activity Activity

October 1st Deadline to submit upcoming year’s Annual ATRR Projection October 31st Deadline to hold Annual Projected Rate Meeting to discuss projected ATRR November 1st Deadline for informational meeting for MISO Owners with Project costs being shared regionally* December 1st Deadline for Interested Parties to submit information requests January 10th Deadline for PPI to respond to information requests January 31st Deadline for Interested Parties to submit Informal Challenges February 28th Deadline for PPI to respond to Informal Challenges March 15th Deadline for PPI submit Informational Filing to FERC April 15th Deadline for Interested Parties to file Formal Challenge at FERC June 1st Deadline to publish Annual Update with True-Up September 1st Deadline for Annual Update open meeting 4

* PPI has not constructed a Project which is regionally cost-shared.

• https://www.misoenergy.org/Markets

Operations/TransmissionSettlements/ Pages/TransmissionOwnerRateData.as px

PPI Contact for

informational requests or Informal Challenges: Alisha Anker Alisha Anker Alisha Anker Alisha Anker aanker@ppi.coop aanker@ppi.coop aanker@ppi.coop aanker@ppi.coop (217) 331 (217) 331 (217) 331 (217) 331-

• 5621

5621 5621 5621

5

FERC-approved Rate Formulae specific to PPI

• PPI uses the Non-Levelized template utilizing RUS/CFC Form

12 data

Timing of rate impact now consistent across the

Ameren IL Zone

Rate Rate Rate Rate-

• making

making making making f f f formula for Plant in Service:

• rmula for Plant in Service:
• rmula for Plant in Service:
• rmula for Plant in Service:

Net Revenue Net Revenue Net Revenue Net Revenue Requirement Requirement Requirement Requirement

= = = =

O&M + O&M + O&M + O&M + Depreciation + Depreciation + Depreciation + Depreciation + Taxes + Taxes + Taxes + Taxes + Return on Return on Return on Return on Rate Rate Rate Rate Base Base Base Base

• Revenue

Revenue Revenue Revenue Credits Credits Credits Credits Return on Return on Return on Return on Rate Rate Rate Rate Base Base Base Base

= = = =

( Net Plant in Service ( Net Plant in Service ( Net Plant in Service ( Net Plant in Service + + + + Total Working Total Working Total Working Total Working Capital Capital Capital Capital + + + + Land Held for Land Held for Land Held for Land Held for Future Future Future Future Use ) Use ) Use ) Use ) x x x x Weighted Weighted Weighted Weighted Rate of Rate of Rate of Rate of Return Return Return Return 6

Allocators: TP = Percentage of Transmission Plant in ISO Rates TE = Percentage of Transmission Expenses in ISO Rates (same as TP Allocator for PPI) W/S = Percentage of Transmission-related Wages/Salaries to Total Wages/Salaries GP = Percentage of Transmission-related Gross Plant

7

10

Net Revenue Requirements for each Zonal Party are

aggregated

• Σ Rev Reqt’s = Σ (PPI + AIC + ATXI)

Σ Rev Reqt’s / Avg 12-mo Demand = $/kW-mo NITS rate Revenue allocated pursuant to JPZ Agreement* between

the Parties

• Revenues allocated based on share of:

Annual Rev Reqt for Sch 9 service (PPI share = 3.02%) Adjusted Gross Book Value for PTP service (Sch 7 & 8) within and into/out of Zone (PPI share = 2.09%)

PPI Rev Requirement has no impact on Sch 26 or Sch 26A

*Joint Pricing Zone Revenue Allocation Agreement Docket No. ER14-65-000 Effective Date: June 1, 2013

11

12

13