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HomeMy WebLinkAbout20070503May 2007 BPA Credit.pdfIDAHO POWE R (B) IDAHO POWER COMPANY O, BOX 70 BOISE, IDAHO 83707 An IDACORP Company ,i, : , - r ;' ' ' ' ,'", ,. L ') ); \ I" , . ,~; J' :). i r:. PHIL A. OBENCHAIN Senior Pricing Analyst Pricing & Regulatory Services , " (208) 388-2713 FAX (208) 388-6449 MAIL pobenchain~idahopower.com '\: ,'" " "..ri : ' May 2 , 2007 Ms. Jean D. Jewell, Secretary Idaho Public Utilities Commission 472 West Washington Street P. O. Box 83720 Boise, Idaho 83720-0074 RE:Case No. IPC-01- Application for Authority to Implement a Residential and Small Farm Energy Rate Adjustment Credit Dear Ms. Jewell: Attached is Idaho Power Company s calculation of the May BPA Credit. The calculation results in a credit of $.003348/kWh, which will be applied to the May residential bills beginning with Cycle 1 on May 2 , 2007. The May BPA Credit has been reduced this month to include assisted living customers and to correct for a one time historical assisted living adjustment. The inclusion of assisted living customers was required by BPA and will remain in effect throughout the contract term. The BPA Credit continues to be reduced by approximately 20 percent to hold back dollars for a potential settlement of the deemer balance that has been carried over from the original 1981 Residential Purchase and Sale Agreement. If a settlement is not reached, the amount held will be promptly passed through to customers. The Company will continue to notify the Commission Staff at the beginning of each revenue month giving you the opportunity to respond to any customer inquiries that may result. If you have questions, please do not hesitate to call. PAO:ma Attachment Beverly Barker, I PUC Terri Carlock, IPUC Randy Lobb, IPUC Ric Gale, IPCO ID A H O P O W E R C O M P A N Y CA L C U L A T I O N O F M O N E T A R Y B E N E F I T M O N T H L Y P A Y M E N T A M O U N T S ID A H O BP A IP C BP A A D J U S T M E N T S CU R R E N T CU R R E N T RE S I D E N T I A L TO T A L BIL L I N G RE S I D E N T I A L MO N T H L Y T R U E . EX C H A N G E RE V E N U E BI L L DE M A N D BP A PA Y M E N T LB e R A C DF R L MO N T H MO N T H SA L E S RE S I D E N T I A L MO N T H CR E D I T IR R I G A T I O N RE V E N U E AC T U A L CA L C . MO N T H MO N T H DA T E !!Q ! ! B ! i EN E R G Y AM O U N T :! ! ! i l l ! ! ' AD J U S T . BE N E m BE N E m RA T I O BE N E F I T !!Y i ! ! !!! O ' / h BE N E F I T MO N T H PA Y O U T PA Y O U T DIF F . FY - 20 0 7 : AN N U A L B E N E F I T AM O U N T $3 0 5 31 9 AT C A P O F = $1 5 . 22 4 76 0 1 96 2 24 0 $3 0 , 59 1 , 32 2 $6 8 8 , 4 8 5 MO N T H L Y B E N E F I T AM O U N T $2 6 01 9 AT C A P O F = $1 5 . 54 9 27 7 BA S E D O N FY - Oc t - D 6 No v - D 6 1 0 / 3 1 / 0 6 21 5 74 5 16 0 , 17 5 44 6 , 85 1 $2 , 4 4 6 85 1 $2 , 44 6 85 1 72 . 42 % 09 8 50 1 35 9 51 2 , 00 0 $0 . 00 5 1 1 7 $3 4 8 , 35 0 No v - $1 , 55 8 11 1 $1 , 50 2 , 33 0 ($ 5 5 78 1 ) No v - D 6 De c - O 6 1 1 / 3 0 / 0 6 21 5 72 0 15 4 80 0 $2 , 44 6 85 1 44 6 , 85 1 44 6 85 1 91 . 06 % 09 8 50 1 47 1 , 64 0 00 0 $0 . 00 5 1 1 7 $3 4 8 , 35 0 De e - $2 , 4 9 0 57 2 $2 , 36 7 , 7 1 8 ($ 1 2 2 85 4 ) De c - O 6 Ja , , - D 7 1/ 3 / 0 7 21 5 74 4 15 9 96 0 44 6 85 1 $2 , 4 4 6 85 1 $2 , 44 6 85 1 99 . 35 % 09 8 50 1 56 4 , 97 7 00 0 $0 . 00 5 1 1 7 $3 4 8 35 0 Ja n - 26 3 , 83 4 19 9 45 5 ($ 6 4 , 37 9 ) Ja , , - D 7 Fe b - O 7 2/1 / 0 7 21 5 74 4 15 9 96 0 44 6 85 1 $2 , 44 6 85 1 $2 , 44 6 85 1 99 , 82 % $2 , 09 8 50 1 52 1 05 1 00 0 $0 . 00 5 1 1 7 $3 4 8 35 0 Fe b - 49 6 , 00 3 51 3 65 3 $1 7 65 0 Fe b - O 7 Ma r - D 7 3/2 / 0 7 21 5 67 2 14 4 , 48 0 44 6 85 1 $2 , 44 6 85 1 $2 , 44 6 , 85 1 99 . 81 % 09 8 , 50 1 46 2 , 26 6 00 0 $0 . 00 5 1 1 7 $3 4 8 35 0 Ma r - 71 0 35 0 85 7 74 3 $1 4 7 , 39 3 Ma r - D 7 Ap r - D 7 4/3 / 0 7 21 5 74 4 15 9 , 96 0 44 6 85 1 $2 , 44 6 85 1 $2 , 44 6 85 1 99 . 78 % 09 8 , 50 1 39 6 26 8 00 0 $0 . 00 5 1 1 7 $3 4 8 , 35 0 Ap r - $1 , 67 1 76 7 Ap r - D 7 Ma y - D 7 5/2 / 0 7 21 5 71 9 15 4 58 5 44 6 85 1 44 6 85 1 $2 , 4 4 6 85 1 99 . 52 % 09 8 50 1 32 6 76 2 00 0 $0 . 00 5 1 1 7 $3 4 8 35 0 Ma y - 09 3 91 7 Ma y . 07 J u n . 6/ 1 / 0 7 21 5 74 4 15 9 , 96 0 $2 , 44 6 , 85 1 44 6 85 1 44 6 85 1 89 . 67 % 09 8 , 50 1 32 3 , 75 1 , 15 3 $0 . 00 5 0 6 2 $3 4 8 35 0 Ju n . ($ 3 0 1 33 5 ) Ju n - D 7 Ju l - D 7 7/ 2 1 0 7 21 5 72 0 15 4 , 80 0 $2 , 4 4 6 , 85 1 $2 , 44 6 85 1 $2 , 44 6 85 1 70 . 4 8 % $2 , 09 8 , 50 1 37 4 96 6 73 6 $0 . 00 5 0 6 2 $3 4 8 , 35 0 Ju l - ($ 3 4 9 00 4 ) Ju l - D 7 Au 9 - D 7 8/1 / 0 7 21 5 74 4 15 9 96 0 44 6 85 1 $2 , 44 6 85 1 $2 , 44 6 85 1 67 , 79 % $2 , 09 8 , 50 1 42 8 46 0 70 7 $0 . 00 5 0 6 2 $3 4 8 , 35 0 Au g - ($ 3 9 8 79 5 ) Au g - D 7 Se p - D 7 8 / 3 0 / 0 7 21 5 74 4 15 9 96 0 $2 , 4 4 6 85 1 44 6 , 85 1 44 6 85 1 70 . 62 % 09 8 50 1 38 5 , 87 3 76 8 $0 . 00 5 0 6 2 $3 4 8 35 0 Se p - ($ 3 5 9 15 6 ) Se p - D 7 Oc t - D 7 1 0 / 1 / 0 7 21 5 72 0 15 4 , 80 0 44 6 85 1 $2 , 44 6 85 1 44 6 85 1 68 . 84 % 09 8 50 1 32 7 35 9 78 2 $0 . 00 5 0 6 2 $3 4 8 35 0 Oc t - ($ 3 0 4 69 4 ) Ba s e F Y - 20 0 7 M o n t h l y P a y m e n t A m o u n t = $2 9 36 2 , 20 6 85 . 76 % $2 5 , 18 2 00 7 94 2 88 8 14 6 $4 , 18 0 19 9 FY - 07 M o n t h l y T r u e - u p A d j u s t m e n t = No v - D 6 1 0 / 3 1 / 0 6 ($ 3 8 4 60 8 ) 41 0 , 13 9 , 4 1 7 ($ 0 . 00 0 9 3 8 ) $0 . 00 4 1 7 9 De c - O 6 1 1 / 3 0 / 0 6 ($ 3 9 52 7 ) 41 0 , 13 9 , 4 1 7 ($ 0 . 00 0 0 9 6 ) $0 . 00 5 0 2 0 Ja n - D 7 1/3 / 0 7 ($ 5 5 78 1 ) 41 0 13 9 41 7 ($ 0 . 00 0 1 3 6 ) $0 . 00 4 9 8 1 Fe b - D 7 2/ 1 / 0 7 ($ 1 2 2 85 4 ) 41 0 13 9 41 7 ($ 0 . 00 0 3 0 0 ) $0 . 00 4 8 1 7 Ma r - D 7 3/2 / 0 7 ($ 6 4 37 9 ) 41 0 13 9 41 7 ($ 0 . 00 0 1 5 7 ) $0 . 0 0 4 9 6 0 On e T i m e H i s t o r i c a l Ap r - D 7 4/ 3 / 0 7 $1 7 , 65 0 41 0 13 9 41 7 $0 . 00 0 0 4 3 $0 . 00 5 1 6 0 A s s i s t e d U v l n g A d j u s t m e n t Ma y . 5/ 2 1 0 7 $1 4 7 39 3 41 4 , 5 6 7 , 44 0 $0 . 00 0 3 5 6 $0 . 00 5 4 7 2 $4 9 4 , 8 1 9 " : $ O J I Q f 1 9 ~ pa o . BP A - C R CA L C 20 0 7 - 20 1 1 c o r r e c l e d 0 3 - 01 - 07 . xl s . l D A H O . 5/2 I 2 0 0 7 . 10 : 2 3 A M . Pa g e 1 ID A H O P O W E R C O M P A N Y CA L C U L A T I O N O F M O N E T A R Y B E N E F I T M O N T H L Y P A Y M E N T A M O U N T S ID A H O BfA IP C Bf A MO N T H L Y BfA A D J U S T M E N T S CU R R E N T CU R R E N T RE D U C T I O N RE S I D E N T I A L AD J U S l E D BIL L I N G RE S I D E N T I A L EX C H A N G E RE V E N U E BI L L DE M A N D MO K l H MO N T H L Y fA Y M E N T La C R A C Df R L MO N T H MO N T H fO R D E E M E R SA L E S RE S i D E N l l A L MO N T H CR E D I T IR R i G A T I O N MO K l H MO K l H DA T E I! ! ! ! ! HO U R S EN E R G Y AM O U N T mU E , AD J U S T , BE N E F I T BE N E A T SE m E M E N T !! i i l l Q BE N E f I T BE N E A T DE E M E R S E T T L E M E N T AD J U S T M E N T F Y - 20 0 7 : Oc t - O 6 No v - O 6 1 0 / 3 1 / 0 6 21 5 74 5 16 0 17 5 $2 , 4 4 6 , 85 1 $2 , 44 6 85 1 $2 , 4 4 6 85 1 No v - O 6 Oe c - O 6 1 1 / 3 0 / 0 6 21 5 72 0 15 4 80 0 $2 , 4 4 6 , 85 1 44 6 85 1 $2 , 4 4 6 85 1 Oe c - O 6 Ja n - O 7 1/ 3 / 0 7 21 5 74 4 15 9 , 96 0 $2 , 4 4 6 85 1 $2 , 4 4 6 85 1 $2 , 4 4 6 85 1 ($ 7 1 9 86 6 ) 85 . 7 6 % ($ 6 1 7 , 38 1 ) ($ 1 0 2 48 5 ) Ja n - O 7 Fe b - O 7 2/1 / 0 7 21 5 74 4 15 9 96 0 $2 , 4 4 6 85 1 $2 , 44 6 85 1 $2 , 4 4 6 , 85 1 ($ 7 1 9 86 6 ) 85 , 76 % ($ 6 1 7 , 38 1 ) ($ 1 0 2 48 5 ) Fe t K J 7 Ma r - O 7 3/2 / 0 7 21 5 67 2 14 4 48 0 $2 , 4 4 6 85 1 $2 , 44 6 85 1 $2 , 4 4 6 85 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 86 3 ) ($ 6 4 05 3 ) Ma r - O 7 Ap r - O 7 4/3 / 0 7 21 5 74 4 15 9 , 96 0 44 6 85 1 44 6 85 1 $2 , 4 4 6 85 1 ($ 4 4 9 , 91 6 ) 85 , 76 % ($ 3 8 5 86 3 ) ($ 6 4 05 3 ) Ap r - O 7 Ma y - O 7 5/2 / 0 7 21 5 71 9 15 4 , 58 5 44 6 85 1 44 6 85 1 $2 , 4 4 6 85 1 ($ 4 4 9 , 91 6 ) 85 . 7 6 % ($ 3 8 5 86 3 ) ($ 6 4 , 05 3 ) Ma y - Ju n - 6/ 1 / 0 7 21 5 74 4 15 9 96 0 44 6 85 1 44 6 85 1 $2 , 44 6 , 85 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 , 86 3 ) ($ 6 4 05 3 ) Ju n - O 7 Ju I - O 7 7/ 2 1 0 7 21 5 72 0 15 4 80 0 $2 , 44 6 85 1 $2 , 4 4 6 85 1 44 6 , 85 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 86 3 ) ($ 6 4 05 3 ) Ju l - O 7 Au g - O 7 8/1 / 0 7 21 5 74 4 15 9 96 0 $2 , 4 4 6 85 1 $2 , 4 4 6 85 1 44 6 , 85 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 , 86 3 ) ($ 6 4 05 3 ) Au g - O 7 Se p - O 7 8/3 0 / 0 7 21 5 74 4 15 9 96 0 $2 , 44 6 85 1 $2 , 4 4 6 85 1 44 6 , 85 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 , 86 3 ) ($ 6 4 05 3 ) Se p - O 7 Oc I - O 7 10 / 1 / 0 7 21 5 72 0 15 4 60 0 $2 , 4 4 6 85 1 $2 , 4 4 6 85 1 $2 4 4 6 8 5 1 ($ 4 4 9 91 6 ) 85 , 76 % ($ 3 8 5 86 3 ) ($ 6 4 05 3 ) $2 9 , 36 2 , 20 6 ($ 5 03 9 , 06 3 ) 85 , 76 % ($ 4 32 1 66 8 ) 11 9 , 07 3 45 5 (1 0 . 00 1 0 4 9 ) ($ 7 1 7 , 39 5 ) CO R R E C T E D OR I G I N A L CO R R E C T I O N CR E D I T CR E D I T Of f R I a R MO K l H CA L C . No v - O 6 10 / 3 1 / 0 6 NO A D J U S T M E N T $0 , 00 0 0 0 0 10 . 00 4 1 7 9 10 . 00 4 1 7 3 $0 , 00 0 0 0 5 $2 , 23 1 De c - O 6 11 / 3 0 / 0 6 NO A D J U S T M E N T $0 . 00 0 0 0 0 10 . 00 5 0 2 0 10 . 00 5 0 1 5 $0 , 00 0 0 0 5 $2 , 23 1 Ja n - O 7 1/3 / 0 7 ($ 6 1 7 38 1 ) 41 0 , 13 9 , 4 1 7 ($ 0 . 00 1 5 0 5 ) 10 . 00 3 4 7 5 10 . 00 3 6 9 3 ($ 0 , 00 0 4 1 8 ) ($ 1 7 1 37 0 ) Fe b - O 7 21 1 / 0 7 ($ 6 1 7 38 1 ) 41 0 13 9 , 4 1 7 ($ 0 . 00 1 5 0 5 ) 10 . 00 3 3 1 2 ($ 0 . 00 0 4 0 7 ) ($ 1 6 6 90 8 ) 10 . 00 2 9 0 5 Ma r - O 7 31 2 1 0 7 ($ 3 8 5 86 3 ) 41 0 13 9 , 4 1 7 ($ 0 . 00 0 9 4 1 ) 10 . 00 4 0 1 9 10 . 00 4 0 1 9 Ap r - O 7 4/3 / 0 7 ($ 3 8 5 86 3 ) 41 0 13 9 , 4 1 7 ($ 0 , 00 0 9 4 1 ) 10 . 00 4 2 1 9 10 . 00 4 2 1 9 Ma y - 5/ 2 / 0 7 ($ 3 8 5 , 86 3 ) 41 4 56 7 44 0 ($ 0 , 00 0 9 3 1 J ! 1 i 1 : m ! $ O l P G 3 3 4 3 I MP = ( F B P F - R L ) ' M B ' H R S ( 6 7 6 0 O R 6 7 6 4 ) / 1 2 M O S . WH E R E : MP = M o n t h l y P a y m B n t A m o u n ~ e x p r e s s e d i n d o l l a r s , f o r e a c h m o n t h o f s u c h C o n t r a c t Y e a r . FB P F = F o r w a r d F l a t . Bl o c k P r i c e F o r e c a s ~ e x p r e s s e d i n I / M W h , f o r s u c h C o n t r a c t Y e a r . RL = T h e h o u r l y w e i g h t e d a n n u e l a v e r a g e R L R a t e c a l c u l a t e d a t 1 0 0 p e r c e n t a n n u a l l o a d f a c t o r ex p r e s s e d i n I / M W h , f o r s u c h C o n t r a c t Y e a r . MB = M o n e t a r y B e n e f i t a m o u n ~ e x p r e s s e d I n a n n u a l a M W . SU B J E C T T O : MB C = M o n t e t a r y B e n e f i t C a p , m e a n s t h e m a x i m u m a m o u n ~ e x p r e s s e d i n I / M W h by w h i c h t h e F B P F m a y e x c e e d t h e R L . MB F = M o n t e t a r y B e n B f i t F l o o r , m e a n s t h B m i n i m u m a m o u n ~ e x p r e s s e d I n I / M W h by w h i c h t h e F B P F m a y e x c e e d t h e R L . FB P F = 1 5 8 . 46 0 MB C = 1 1 5 . 59 0 RL = 1 2 5 . 87 5 MB F = 1 5 . 20 0 MB = 2 1 5 pa o . BP A CR . . . C A L C 20 0 7 - 20 1 1 c o r r e c t e d 0 3 - 01 - 07 . xls . l D A H O . 51 2 1 2 0 0 7 . 1 0 : 2 3 A M . Ad j u s t m e n t f o r I n c l u s i o n o f A s s i s t e d L i v i n g F a c i l i t i e s On e t i m e 3 y e a r a d j u s t m e n t p a i d t o a s s i s t e d l i v i n g r e s i d e n t s i n M a y = Re s i d e n t i a l A s s i s t e d To t a l Le v e l Mo n t h l v jJ y f f i g Mo n t h l v Mo n t h l v 35 9 51 2 00 0 4 11 5 , 78 2 3 6 3 62 7 78 2 4 1 4 56 7 44 0 47 1 64 0 00 0 4 , 95 8 , 4 9 4 4 7 6 59 8 , 49 4 4 1 4 56 7 44 0 56 4 97 7 00 0 5 71 8 , 4 8 6 5 7 0 , 69 5 48 6 4 1 4 56 7 44 0 52 1 05 1 00 0 5 11 6 14 4 5 2 6 16 7 14 4 4 1 4 56 7 , 4 4 0 46 2 26 6 00 0 3 88 2 61 8 4 6 6 14 8 61 8 4 1 4 56 7 , 4 4 0 39 6 26 8 00 0 4 17 8 05 0 4 0 0 , 4 4 6 05 0 4 1 4 56 7 44 0 32 6 76 2 00 0 3 95 1 55 6 3 3 0 71 3 55 6 4 1 4 56 7 , 4 4 0 31 9 27 0 00 0 4 48 1 , 15 3 3 2 3 75 1 , 15 3 4 1 4 56 7 44 0 37 0 31 2 , 00 0 4 65 4 73 6 3 7 4 96 6 73 6 4 1 4 56 7 44 0 42 4 32 0 , 00 0 4 14 0 70 7 4 2 8 46 0 , 70 7 4 1 4 56 7 , 4 4 0 38 2 05 1 00 0 3 82 2 76 8 3 8 5 87 3 76 8 4 1 4 56 7 44 0 32 3 , 24 4 , 00 0 4 11 5 78 2 3 2 7 35 9 78 2 4 1 4 56 7 44 0 92 1 67 3 00 0 5 3 13 6 , 27 5 4 97 4 , 80 9 27 5 4 97 4 , 80 9 27 5 $4 9 4 81 9 No v - De c - Ja n - Fe b - Ma r - Ap r - Ma y . Ju n - Ju l - Au g - Se p - Oc t - Pa g e 2