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 Activity Activity Date/Deadline Date/Deadline Activity Activity October 1 st Deadline to submit upcoming year’s Annual ATRR Projection October 31 st Deadline to hold Annual Projected Rate Meeting to discuss projected ATRR November 1 st Deadline for informational meeting for MISO Owners with Project costs being shared regionally* December 1 st Deadline for Interested Parties to submit information requests January 10 th Deadline for PPI to respond to information requests January 31 st Deadline for Interested Parties to submit Informal Challenges February 28 th Deadline for PPI to respond to Informal Challenges March 15 th Deadline for PPI submit Informational Filing to FERC April 15 th Deadline for Interested Parties to file Formal Challenge at FERC June 1 st Deadline to publish Annual Update with True-Up September 1 st Deadline for Annual Update open meeting * PPI has not constructed a Project which is regionally cost-shared. 4
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- -5621 5621 (217) 331 (217) 331 - - 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 formula for Plant in Service: f f ormula for Plant in Service: ormula for Plant in Service: ormula for Plant in Service: Net Revenue Net Revenue Taxes + Return on Return on - Revenue Revenue Net Revenue Net Revenue Return on Return on Revenue Revenue = = = = O&M + O&M + O&M + O&M + Depreciation + Depreciation + Depreciation + Depreciation + Taxes + Taxes + Taxes + - - - Requirement Requirement Requirement Requirement Rate Rate Base Rate Rate Base Base Base Credits Credits Credits Credits Weighted Weighted Weighted Weighted Return on Return on Rate Return on Return on Rate Rate Rate Total Working Total Working Total Working Total Working Land Held for Land Held for Land Held for Land Held for = = = = ( Net Plant in Service ( Net Plant in Service ( Net Plant in Service ( Net Plant in Service + + + + + + + + x x x x Rate of Rate of Rate of Rate of Base Base Base Base Capital Capital Capital Capital Future Use ) Future Future Future Use ) Use ) Use ) 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
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� 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
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