20220329Amended Application.pdf

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Jon Pinardi
Managing Member
Teton Water and Sewer Company, LLC
3940 Grand Street
Driggs,Idaho 83422
Telephone: [phone]
Email: [e-mail]
IN THE MATTER OF THE APPLICATION OF
TETON WATER & SEWER COMPAI\ry FOR
AUTHORITY TO INCREASE ITS RATES AI\D
CHARGES FOR WATER SERVICE IN THE
STATE OF IDAHO.
REVISED APPLICATION - MARCH 23,2022 )
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BEFORE TITE IDAHO PTIBLIC UTILITIES COMMISSION
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)cAsE NO. TTS-W-22-02
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COMES NOW Teton Water and Sewer Company, LLC, hereinafter referred to as
"Applicanf' and holder of Certificate of Public Convenience and Necessity No. 475 from the
Idaho Public Utilities Commission hereby applies to the Commission for authorization to
increase its rates and charges for water service. Applicant is a Limited Liability Corporation
duly qualified to do business in Idaho. The Applicant currently provides water service
to 302 residential and 4 commercial customers in or about the city of Victor in Teton County,
Idaho, an area of very rapid growth. Attached to this Application is a current map of the service
area showing the location of wells, reservoirs, transmission mains and distribution lines. Also
attached is a written legal description defrning the boundaries of the service area.
Application is made to the Commission to authorize an increase in water rates as shown
in the following chart:
Customers Meter
Size
Current
Count
Current Billing
per Quarter
Cunent Billed
Revenue
Proposed Billing
Per Quarter
Proposed
Billed
Revenue
%
Increase
Residential I 299 $ ll8 $ 141.r28 $ 220 $263.120 86.44%
Commercial I J $ ll8 $ 1.416 $ 220 $ 2.640 86.44%
Commercial 2"I $ 244 $ 976 $ 456 $ 1.824 86.890/o
Commercial J I $ 927 $ 3.708 $ 1.732 $ 6.928 86.840/o
Commercial 4"I $ 1.180 s 4.720 s 2.205 $ 8.820 86.860/o
Commercial 6:I $ 1.770 $ 7.080 $ 3.307 s 13.228 86.84o/o
Total 306 $ 159.028 $ 296.560 86/8%
Applicant requests that such changes in rates and charges be effective on July 1,2022.
Applicant hereby certifies that it will notifu its customers of the Application by inserting
a notice in each customer's bill mailed on April 6,2022. A similar notice will be published in the
Teton Valley News on April 13,2022. Copies of these notices will be provided to the
Commission prior to those dates for approval.
Based upon the test year ended December 31,2021, Applicant believes its proposed
increase in rates and charges is justified to plan, engineer, permit, drill and construct a third well
and begin the process for a fourth well for the Company's water system. The purpose for the
third and fourth wells are to meet the Company's current and future service obligations and to
provide system redundancy should either of the existing wells fail. This need is further described
in three prior cases before the Commission including Case No. TTS-W-I7-01, Case No. TTS-W-
l9-01 and recently in the Applicant's Application to Authorize Debt for Purpose of Well
Construction, Commission Case No. TTS-W-20-01 with debt authorized in the amount of
$450,000 by Order No. 34603.
An additional purpose for the increase in rates is to fund the location and repairs of water
leaks on the system. This item has been discussed with staffand is evidenced by the increasing
withdrawals from the capital reserve fund for leak repairs.
The increase in rates will supply a7 year re-capture of the estimated expense of the well
as evidenced by the authorized loan amount, plus interest. The estimate is based on a $450,000
7-year loan at 7%o tnterest with interest only for the 3 years and principal and interest thereafter
for the remaining 4 years.
lncluded with this Application are an original and seven copies of the Application and:
Annual Report 2021
Exhibit Nos. I through 9 as follows:
Exhibit No. 1, Schedule A, Plant in Service from Annual Report for Year End202l
Exhibit No. l, Schedule B, Accumulated Depreciation from Annual Report for Year End202l
Exhibit No. 1, Schedule C, Rate Base Summary
Exhibit No. 2, Schedule A, Revenues and Expenses from Annual Report for Year End202l
Exhibit No. 2, Schedule B, lncome Statement from Annual Report for Year End202l
Exhibit No. 3, Cost of Capital and Rate of Return
Exhibit No. 4, Revenue Requirement
Exhibit No. 5, a marked up copy of Applicant's existing residential tariffshowing the proposed
changes in rates and charges.
Exhibit No. 6, a marked up copy of Applicant's existing commercial tariff showing the proposed
changes in rates and charges.
Exhibit No. 7, a clean copy of Applicant's proposed residential tariff.
Exhibit No. 8, a clean copy of Applicant's proposed commercial tariff.
Exhibit No. 9, a copy of the tariff form to be used to state either existing or proposed non-
recurring fees for initial hook-up and reconnection fees.
Exhibit No. 10, draft copies of the customer's bill notification and the published notice.
Exhibit No. l l, a current map of the water system
Exhibit No. 12, a written legal description of the boundaries of the service area (Certificate of
Convenience and Necessity No. 475)
Also included are seven copies of the following workpapers and supplemental schedules:
A monthly schedule of water pumped from each of the Company's wells.
System Engineering Data from Annual Report for Year end202l,
Workpapers explaining and showing the development of known changes to the test year
financial data shown on Exhibit Nos. I through 4.
Workpapers showing that the proposed rates will produce the revenue requirement shown
on Exhibit No. 4, Column (D), line 3.
Applicant further states that it stands ready for immediate consideration of this Application.
Teton Water and Sewer Company respectfully requests favorable consideration of this
Application. Please direct any questions or correspondence related to the Application to the
Applicant as indicated on page 1.
Dated this 23rd day of March,2022.
Respectfully submitted,
Teton Water and Sewer Company
Jon Pinardi, Managing Member