Loading...
HomeMy WebLinkAboutMINUTES Light and Power Committee 1991-11-07RECORD OF PROCEEDINGS /Liqht and Power Committee November 7,1991 Committee:Chairman Aldrich,Trustees Dickinson and Hix Attending:All Also Attending:Trustees Garrett and Habecker,Ass’t. Administrator Widmer,Light &Power Director Matzke,Finance Officer Vavra,Clerk O’Connor Absent:None Chairman Aldrich called the Committee meeting to order at 2:00 P.M. RATE STUDY -REVIEW. Electric Rates.Max Kiburz,Rate Consultant,briefed the Committee on additional proposed changes to the Town’s electric rates: Residential Service.Increase the monthly customer charge to $3.00.Establish a two-year deadline for electric heat customers using above 15,000 kwh annually,to transfer to the Residential Demand Rate. General Service Small.Eliminate the availability to new residential customers.Establish a one—year deadline for existing residential customers using above 15,000 kWh annually,to transfer to the Residential Demand Rate,and for existing residential customers using under 15,000 kWh annually,to transfer to the Residential Rate. Residential Service Demand Metered.Increase the monthly customer charge to $3.00.Eliminate the 60%minimum demand ratchet.Establish a seasonal demand charge of $5.00/kW for summer months and $7.00/kW for winter months.Lower the energy charge to $0.03/kwh. Residential Heat Storage.Eliminate this rate and replace it with a Residential Service,Time of Day rate. General Service Large Time of Day.This is a new rate class which would be available to commercial customers with maximum demands exceeding 35 kW. The purchase power rider calculation would result in an estimated $0.00235/kwh charge which would apply to allelectricrateclasses. The Committee reviewed a rate change impact comparison chart andtheimpacttoanactualaccountbasedonthenewratesandpurchaserider.The purpose of the proposed rate change is two—fold: internal rate adjustments and account for the increased purchase power costs effective January 1,1992.Director Matzke reviewed the procedure being followed leading to the public hearing scheduled December 10,1991.An additional ordinance pertaining toSection13.08.080,was reviewed.Certain items relating to thewaterheaterconstruction,and the like,were removed and will beincludedintheDepartment’s Rules and Regulations. The Committee reiterated the necessity to provide communication andeducationforelectricconsumers.Perhaps the use of graphicscouldbeincorporatedtoassistinwhatcanbeaccomplishedwithademandcontrollerandhowitrelatestosavingsonelectricbills. Loan Program.With adoption of new rate schedules,someresidentialcustomerswithelectricheatwillberequiredto RECORD OF PROCEEDINGS Light and Power Committee -November 7,1991.-Page 2 transfer to the Residential Service Demand Metered Rate.As recommended by the Committee October 3,1991,staff has researched a low—interest loan program.This program would be available to existing residential customers that were connected prior to January 1,1992 and who are being required to transfer to the aforestated rate class.The Program would provide financing for installation of demand controllers or conversion from electric space heat to an alternate source.Program specifics include: 1.The loan amount will not exceed 90%of the total installed cost of the approved project,up to a maximum loan amount of $1,000.No loan will be made for less than $250.00. 2.The interest rate will be determined at the time the loan is approved according to the Town’s cost of money,and will be fixed for the duration of the loan period. 3.The maximum payment period will be determined by the following schedule.There will be no prepayment penalty. Loan Amount Monthly Payments Under $500 18 $500—$700 24 $700—$1,000 36 4.Monthly payments will be billed on the customer’s electric bill. 5.Customer must make application and receive approval from the Department prior to start of any work on the proposed project.Loan approval will be subject to an appropriate credit investigation. 6.All work must be performed by a licensed contractor and required permits and inspections must be obtained.If the installation is to be performed by the customer,all necessary permits and inspections will still be required. 7.All work financed by the loan must be performed on the customer’s property. 8.The completed project must be inspected by the Department’s representative to guarantee the Town’s requirements have been met prior to release of any loan funds. 9.Customer must present an original invoice to the Department for processing of the loan.Loan amount will not be increased above the pre—approved level.Loan funds will be issued in the name of the customer. 10.If the applicant sells the residence during the loan payback period,the outstanding amount shall be immediately due and payable. 11.If the applicant is not the owner,the owner must co—sign the loan application. Additional requirement for heat conversions: 1.After completion of the project,no more than 1,500 watts of permanently installed electric heat may remain in the residence. Discussion followed,with the Committee recommending the rate RECORD OF PROCEEDINGS light and Power Committee -November 7,1991 -Page 3 changes,as presented,and loan program be adopted,with the stipulation that the conversion contained in the loan program be limited to natural gas or propane.A public hearing will be held December 10,1991 where the proposed ordinances will be presented. As Mayor Dannels and Trustee Barker were not in attendance at this meeting,the Committee suggested they receive a briefing on the rate changes prior to the public hearing. The Committee commended Mr.Kiburz for a job well done. REPORTS. Project Updates.The new Giant Track circuit has been energized which should result in increased reliability and higher level of service.Christmas decorations are being placed.Employees from other departments are also participating in this effort.The “Old Lady in the Shoe”and “Bugville”have been refurbished.W.A.P.A. has begun work on the Marys Lake Substation to alleviate the “nuisance trips.”Cable System was successful in providing a tape delay airing of the CU/Kansaso&ball game.Staff reported that Channel 4 sold their rights to Denver Channel 20.The Committee suggested staff convey their appreciation to Cable Systems for their cooperation,and determine whether such games can be aired if Cable Systems receives additional lead time,and if Channel 20 can be added to our system. Financial Reports.Finance Officer Vavra presented an Income Statement from the nine months ended September 30,1991.Capital expenditures were included,and as these expenditures distort the report,the Committee requested said expenditures be reported below the expenses subtotal. Platte River Power Authority.Ass’t.Administrator Widmer reported on PRPA activities (rate increase,Colorado Ute,Thornton water case,and Budget),commenting that the Rawhide Plant is on-line following a 46—day scheduled maintenance program. There being no further business,Chairman Aldrich adjourned the meeting at 3:45 P.M. O (!-7L-i Vickie O’Connor,CMC,Town Clerk t3 “‘..ff’’Th NOV12199 4 L &i;)Or ThWES