HomeMy WebLinkAboutORDINANCE 12-11c ORDINANCE NO.12-11 C
AN ORDINANCE GRANTING THE LIGHT AND
POWER UTILITY THE AUTHORITY TO IMPLEMENT A
WHOLESALE POWER COST ADJUSTMENT RATE
TO ITS ELECTRIC RATE SCHEDULE
WHEREAS,the Town of Estes Park,through its Light and Power Enterprise,
owns and operates its municipal electric system;and
WHEREAS,in 1991,a purchase power rider was adopted to pass through
changes in wholesale power costs to the customer;and
WHEREAS,new electric rates were adopted in Ordinance No.5-11 which
referred to a purchase power rider;and
WHEREAS,the new industry name of this rate adjustment is the wholesale
power cost adjustment;and
WHEREAS,it is necessary to include a wholesale power cost adjustment in
the Electric Rate Schedule to accurately reflect the increase or decrease in the
wholesale electric costs from Platte River Power Authority (PRPA);and
WHEREAS,it is also necessary to include within the wholesale power cost
adjustment a wholesale renewable energy surcharge;and
WHEREAS,the Board of Trustees has determined that it is necessary to
adopt this Ordinance to authorize the Light and Power Department to pass through
to the consumer a wholesale power cost adjustment.
NOW,THEREFORE,BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE TOWN OF ESTES PARK,COLORADO.
Section 1:That the Light and Power Rate Schedules shall be changed as
more fully set forth on Exhibit A.
Section 2:This ordinance shall take effect and be in force 30 days after its
adoption and publication.
PASSED AND ADOPTED BY THE BOARD OF TRUSTEES OF THE TOWN OF
ESTES PARK,COLORADO,THIS 1Ô DAY OF ,2011.
C/L ;TOWN FESTESPA
Mayor
Te Clerk
I hereby certify that the above Ordinance was introduced and read at the meeting
of the Board of Trustees on the py”-day of ,2011,and published in
a newspaper of general circulation in the Town of Estes Park,Colorado,on the
dayof
_________________
2011.--
To€Clerk
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EXHIBIT A
Wholesale Power Cost Adjustment
Applicability
The Wholesale Power Cost Adjustment rate set forth in this ordinance shall be
applicable in Estes Parks service territory to all applicable electric rate schedules.
Purpose
The wholesale power cost adjustment will pass on changes in the wholesale electric
tariffs and wholesale renewable energy tariffs from our wholesale electric power
provider.
Authority
The Estes Park Town Board,as the governing body of The Town of Estes Park Light
and Power electric utility,grants authority to the Town of Estes Park Light and Power
Utility,to change electric rates based on this Wholesale Power Cost Adjustment.The
amount of change shall be calculated as set forth in this schedule.The timing of the
PCA rate change will coincide with the wholesale electric energy purchased under the
new wholesale tariffs.
Method of Determining the wholesale Power Cost Adiustment (PCA)and Renewable
Energy Surcharge Power Cost Adiustment (PCARI
1.Formula for determining the PCA:
PCA=(New wholesale costs -Current wholesale costs)/Current kWh sales
a.Current wholesale costs =The most recent twelve months cost of
wholesale power purchased from PRPA by the Town,using the most
current twelve months of invoices,excluding renewable energy
surcharges
b.Current kWh sales =the electric kWh sales to the Towns customers for
the same twelve-month period as the current wholesale cost.
c.New wholesale costs =New wholesale tariff applied to the wholesale
power purchased for the same twelve-month period as used for the
current wholesale costs.
2.The power cost adjustment shall be calculated to the nearest one-hundredth of a
mill ($000001)per kWh.
3.The electric rate schedules with demand rates may as an option have the PCA
spread between the energy and the demand rates.The demand portion shall be
set as $/kW.
4.Formula for determining the renewable energy surcharge PCAR:
PCAR=New wholesale renewable energy surcharge tariff -Current wholesale
renewable energy surcharge tariff
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a.Current wholesale renewable energy surcharge tariff =The most recent
wholesale renewable energy surcharge tariff.
b.New wholesale renewable energy surcharge tariff =The new wholesale
renewable energy surcharge tariff.
5.Consecutive changes in wholesale tariffs will produce a cumulative PCA and
PCAR.
6.The cumulative PCA shall be stated as a separate line item on each customer’s
utility bill.