Prioritization of Post-JPA Initiatives Desert Southwest Region - - PowerPoint PPT Presentation

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Prioritization of Post-JPA Initiatives Desert Southwest Region - - PowerPoint PPT Presentation

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Prioritization of Post-JPA Initiatives Desert Southwest Region July 31, 2019 Jim Kendrick, Vice President of Power Marketing 1 Initiatives Organized Markets Fiber Optic Partnerships Combined Transmission Rate

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SLIDE 1

Prioritization of Post-JPA Initiatives

Desert Southwest Region July 31, 2019 Jim Kendrick, Vice President of Power Marketing

1

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SLIDE 2

Initiatives

  • Organized Markets
  • Fiber Optic Partnerships
  • Combined Transmission Rate
  • Intertie/Parker-Davis Project Funding
  • Review program size
  • Revise Prepayment Memorandum of Understanding
  • Short-Term (new funding sources)
  • Long-Term (WAPA-wide)
  • Others

Prioritization of Post-JPA Initiatives 2

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SLIDE 3

Prioritization

  • Customers and DSW have limited resources to

dedicate to initiatives

  • Based on customer interest, moving forward with

combined transmission rate

  • Many initiatives require a comprehensive

understanding of Intertie and Parker-Davis Project funding

  • Upcoming informational sessions on funding
  • How should we prioritize the remaining initiatives?

Prioritization of Post-JPA Initiatives 3

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SLIDE 4

Contact Information

Jim Kendrick Vice President of Power Marketing kendrick@wapa.gov 602-605-2555 Linda Marianito Tribal/Customer Liaison marianito@wapa.gov 602-605-2524

Prioritization of Post-JPA Initiatives 4

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SLIDE 5

Financial Discussion

Dennis R. Sullivan, CFO

Desert Southwest Region Customer Meeting

Phoenix, AZ July 31, 2019

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SLIDE 6

Topics

DSWR Customer Meeting- 1

  • Updates
  • Fiscal year (FY) 2019 financials
  • Capital appropriations
  • Purchase power & wheeling
  • Environmental funding
  • Financial model challenges
  • Symptoms of a broader problem
  • Shared objectives
  • Other topics
  • Financial transparency /

Program collaboration

  • HQ 10-Year Capital Plan Meeting
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SLIDE 7

WAPA-wide FY19 Financial Execution

  • Annual O&M: Forecasting full

execution of $302M work plan

  • Appropriations: Forecasting

$4M under work plan

  • Total Capital: Forecasting

$35M under work plan

  • Purchase Power & Wheeling:

Forecasting +$37M reserves

  • Return to Treasury:

Forecasting $213M

DSWR Customer Meeting- 3

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SLIDE 8

Capital Appropriations Status

DSWR Customer Meeting- 3

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WAPA Capital Plan through 2025

DSWR Customer Meeting- 4

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Purchase Power & Wheeling

  • FY18 Congressional report status
  • The greater of:
  • Actual PPW obligations in current

year, or …

  • PPW estimate in PRS
  • Reserve strategy progress
  • FY18 reserve: $291m
  • FY19 projection : +$39M
  • FY20 budget markup: -$90M
  • FY20 Congressional report

request

  • Options for new PPW account

structure

DSWR Customer Meeting- 5

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SLIDE 11

Basin Fund – Environmental Programs Funds Transfer

  • Fiscal Year 2019
  • OMB administrative

direction to return $23M to Treasury

  • USBR secured

appropriations

  • Fiscal Year 2020
  • DRAFT House EWD bill
  • $21.4M shall be

transferred to USBR

  • Sustainable solution?

DSWR Customer Meeting- 6

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SLIDE 12

Symptoms of a broader problem

  • “Cobbled together” legislative

authorities

  • Not well understood
  • Reinterpretation risk
  • 100% reliant on cash
  • All receipts not discretionary
  • Alternative financing approach
  • No borrowing mechanism
  • Sub-optimal decisions
  • Complexity implications

DSWR Customer Meeting- 7

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SLIDE 13

Shared objectives

DISCUSSION

DSWR Customer Meeting- 8

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SLIDE 14

Financial Transparency / Program Collaboration

  • Enhanced financial reviews
  • Work plans
  • Execution reviews
  • HQ 10YP
  • WAPA program leaders
  • Expanded “The Source”
  • Access to historical data
  • Technology & Security

Symposium

  • Financial transparency vs.

Programmatic insight?

DSWR Customer Meeting- 9

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SLIDE 15

Subject, Office or event

CREDA Summer Meeting 2018 - 5

WAPA hosts Technology and Security Symposium

  • Aug. 21, 2018

Explore the latest trends, topics and issues surrounding physical and cyber threats Register today!

bit.ly/WAPATechSymposium

https://www.wapa.gov/Pages/technologysecuritysymposium.aspx CREDA Summer Meeting 2018 - 5

WAPA HQ Ten-Year Capital Plan Technical Meeting

Date: October 9, 2019 Time : 1:00 PM – 5:00 PM, MDT Location: WAPA’s Electric Power Training Center 1667 Cole Blvd. Building 19 Golden, CO 80401

DSWR Customer Meeting- 10

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Contact/follow me

Dennis Sullivan

720.962.7500 dsullivan@wapa.gov

wapa.gov @westernareapowr @D_Sullivan03 Dennis Sullivan WesternAreaPower1

DSWR Customer Meeting- 11