HomeMy WebLinkAboutMINUTES Light and Power Committee 1974-07-3100 CD
RECORD OF PROCEEDINGS
Light &Power Committee Meeting
July 31,1974
Committee:Chairman Petrocine;Trustees Wagner and Burgess
Attending:Chairman Petrocine;Trustees Wagner and Burgess
Also Attending:Mayor Tregent,Trustees Dannels,Sutter and Prosser,
Town Administrator Hill,Superintendent Dekker,Business
Office Manager Duncan,Rate Engineer Jordan,Special
Council Leonard Campbell.
Absent:None
OPERATING PATIOS IN THREE PHASES;
Rate Engineer Jordan presented operating ratios to the entire Board of Trustees
with projections and preliminary rate modifications applying an overall rate
increase on an “across the board”basis.Special council Leonard Campbell
made recommendations and explained the aspects of the required time table
and probable consideration by the Public Utilities Commission.The Committee
recommends a 20%overall increase on a cost of service basis as projected in
alternative No.4 which is attached as a part of these minutes.October 1,
1974,is the recommended effective date of the rate increase.
There being no further business,the meeting adjourned.
CcL
L1o3>djDuncan,Business Office Manager
APPROVEDI
.dJG 1.2 1974
1w;,]u:EiS PARK
8UARD OF TRUSTEES
--...—‘-
OPERATING RATIOS -1973 (1)
MtINICIPAL ELECTRIC UTILITIES
GENERATING OVER 50%OF REQUIREMENTS
Colorado Springs
Lamar
Walsenburg
La Junta
Las Animas
Revenues
$21,689,967
1,466,638
.482,294
1,078,441
396,890
Expenses
13,028,534
976,494
384,386
913,365
362,373
Operating
Ratio
60.07
66.58
79.70
84.69
91.30
TOTAL
Average -Upper Quartile
Average -Lower Quartile
Median -
$25,114,230
=89.98%
=61.37%
=79.70%
15,665,152 62.38
(1)Data from 1973 Annual Reports Submitted to
Colorado Public Utilities Commission.
OPERATING RATIOS -1973 (1)
INVESTOR OWNED UTILITIES -COLORADO
Ope rating
Revenues Expense Ratios
Generating Over 50%(2)$229,385,371 $131,143,34Z 57.17
Purchasing Over 50%(3)12,524,925 8,683,776 69.33
TOTAL $241,910,296 $139,827,118 57.80
(1)Data from 1973 Reports to Colorado Public Utilities Commission.
(2)Data for Public Service Company of Colorado and
Central Tel.and Utilities Company.
(3)Data for Home Light and Power and Western
Colorado Power Company.
eQ 3.
OPERATING RATIOS -1973(1)
MUNICIPAL ELECTRIC UTILITIES
PURCHASING OVER 50%Of REQUIREMENTS
Operating
Revenues Expense Ratios
Longmont $3,005,248 $1,796,217 59.77
Fort Morgan 1,019,876 617,440 60.54
Gunnison 595,513 376,517 63.23
Holly 150,444 97,265 64.65
Fort Collins 4,144,000 3,027,989 73.07
Loveland 2,011,893 1,505,557 74.83
Fountain 1,215,874 1,006,733 82.80
TOTAL $12,142,848 $8,427,718 69.40
Average -Upper Quartile -79.38%
Average -Lower Quartile -60.10%
Median -64.65%
Estes Park:
Year Ending 12/31/73 $780,7Z0 648,388 83.05
Year Ending 1/31/74 784,137 661,198 84.32
(1)Data from 1973 Annual Reports to Colorado Public Utilities
Commis s ion.
4.
1967
1968
1969
1970
1971
1972
1973
Year Ending
1/31/74
Year Ending
1/31/74
Adjusted (2)
ESTES PARK LIGHT AND POWER DEPARTMENT
OPERATING RATIOS BEFORE ALL TAXES
(FRANCHISE TAX INCLUDED IN A&G)
1967 THROUGH 1973
Revenues Total Operating
kWh Sales Expenses (1)
$$
418,359 373,459
466,401 399,205
515,768 437,086
547,360 447,566
619,460 493,258
705,934 554,103
780,720 648,388
784,137
784,137
661,198
716,996
Ope rating
Ratio -¾
89.27
85.59
84.74
81.77
79.63
78.49
83 .05
84.32
91.44
Average Operating Ratio for 1971 and 1972 =79.06%
NOTES:
(1)Exclusive of ItTaxes.Franchise Tax and Rents are included.
(2)Includes expense adjustments for increased salary and purchased
power costs.
TOWNOFESTESPARKALLOCATIONOFADJUSTEDEXPENSESBETWEENINSIDEANDOUTSIDESYSTEMS12MONTHSENDING1/31/7412Months12MonthsActualProForma.Ending12MonthsEndingEndingExpense1/31/741/31/74-Adjusted1/31/74AdjustmentAdjustedAllocationRatio(3)-%InsideOutsideExpenseHydroGeneration9,543$1,573(1)$11,116Demand-51.09/48.91$5,679$5,437OtherPowerSupplyDemand104,83625,174230,010Demand-51.09/48.9166,42263,588Energy117,8831,047118,930Energy-51.28/48.7260,98757,943Subtotal$222,719$26,221(2)$248,940$127,409$121,531Transmission2,47515(1)2,490Demand-51.09/48.911,2721,218Distribution119,60214,439(1)134,041Dist.Plant—35.97/64.0348,21585,826Accounting&Collecting61,9099,051(1)70,960Customer-36.21/63.7925,69545,265Administrative&General:FranchiseTax19,719-19,719100%Inside19,719-Other102,5684,499(1)107,067PlantRatio—36.81/63.1939,41167,656SubtotalO&MExpense$538,535$55,798$594,333$267,400$326,933Depreciation122,663122,663PlantRatio—36.81/63.1945,15277,511Taxes:FICA,PUC10,68310,683PlantRatio-36.81/63.193,9326,751InLieuofProperty5,300________5,300100%Inside5,300_________TotalExpense$677,181$55,798$732,979$321,784$411,195OperatingRatios:RevenuefromkWhSales$784,137$784,137$402,865$381,272ExpenseExclusiveofTaxes$661,198$55,798$716,996$312,552$404,444OperatingRatio-¾84.3291.4477.58106.08(1)Adjustmentannualizingwageandsalatyincreases-Generalincreaseeffective1/1/74-Seeattachedallocationofsalaryadjustment.(2)Adjustmentannualizingincreaseinpurchasedpowercostseffective1/1/74.(3)Seeseparateanalysisfordevelopmentofallocationratios.
6.
TOWN Of ESTES PARK
COMPARISON Of RATE INCREASE ALTERNATIVES
WITH RESULTS FROM EXISTING RATES (1)
Revenue Expenses
From kWh Exclusive Operating
Sales of Taxes(Z)Ratio %
Existing Rates
TotalSystem $784,137 $716,996 91.44
Inside System 402,865 312,552 77.58
Outside System 381,272 404,444 106.08
Increase of 20.0%
Total System $940,964 $716,996 76.20
Inside System 483,438 312,552 64.65
Outside System 457,526 404,444 88.40
(1)Based on Test Year Ending 1/31/74.
(2)Reflects Pro forma Adjustments for Wage and Purchased Power
Expense Increases occuring within the test year period.
00
TOWNOFESTESPARKPRELIMINARYPROGRAMFORRATEMODIFICATIONS20%OVERALLINCREASE-BASEDONTESTYEARENDING1/31/74COSTOFSERVICEBASIS%IncreaseProposedIndicatedIndicatedRevenuesActualProposedCost/kWh‘—ComputerCostof%IncreaseCostofwithProposedRevenuesRevenueProposedExistingRateScheduleCodeNo.ServiceProposedServiceIncreasesTestYearIncreaseRatesRates1.ResidentialService70,8031.821$301,091$276,477$228,493$47,9843.452.852.CombinedResidential&WaterHeating71.8136.1Z2108,23697,03479,53617.4982.832.323.AllElectricResidentialService78,8852.72471,24057,84446,64811,1961.911.544.CommercialLightingGeneral75,854.517344,540385,905329,83356,0723.553.045.CommercjalWaterHeating77,8756.8259,7607,7796,2231,5562.722.176.SecondaryPower76,8615.6195,8786,0505,0849663.933.317.LargeCombinedLight8Power74,84(0.8)1476,53087,94477,14410,8002.35Z.068.StreetLighting72,82112.0100Z3,69522.35211,17611,1762.001.00Totals20.020$940,970$941,385$784,137$157,2483.072.56-3
TOWNOfESTESPARKALLOCATIONOfCOSTOFSERVICETOCUSTOMERCLASSIFICATIONS20%INCREASEAnnualkW_AnnualWeightedCostofServiceActual%RateComputerMonthNon-EnergyNumberof(1)(2)(3)RevenuesIncreaseRateScheduleCodeNo.CoincidentalSalesConsumersDemandEnergyCustomerTotalTestYearIndicated3.ResidentialService70,8025,4208,011,8112,986132,08250,763118,246301,091228.49331.82.CombinedResidential&WaterHeating71,8110,6493,424,76678855,332Z1,69931,205108.23679,53636.13.AllElectricResidentialService78,886,8133,035,14815745,79219,2316,Z1771,Z4046,64852.74.CommercialLtghtingGeneral75,8536,19510,858,1012,Z14188,06968,79787,674344,540329,8334.55.CommercialWaterHeating77,871,125286,435535,8461,8152,0999,7606,22356.86.SecondaryPower76,86700163,77Z323,6379741,2675,8785,08415.67.LargeCombinedLightandPower74,849,7033,746,3096050,41723,7372,37676,53077,144(0.8)8.StreetLighting72,823,0601,117,6791815,9007,08271323,69511,176112.0Totals95,66530,634,0216,308$497,075$194,098$249,797$940,970$784,13720.0(HSystemdemandcost/kW.Monthcomputedtobe$5.196.(21SystemEnergycost/kWhcomputedtohe6.336mills/kWh.(3)Customercostcomputedtobe$39.60/customer—year