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HomeMy WebLinkAbout20061215Comments.pdfWELDON B. STUTZMAN DEPUTY ATTORNEY GENERAL IDAHO PUBLIC UTILITIES COMMISSION PO BOX 83720 BOISE, IDAHO 83720-0074 (208) 334-0318 IDAHO BAR NO. 3283 ""C"'l"-:n:C0,, Ii ' ' . 2006 DEC 15 Pll I: 55 'n !jiJ"~i li~ ... I\~ """ (""'ln UTIL\T,:':~ CC)ll,;,ii~bl\j, Street Address for Express Mail: 472 WWASHINGTON BOISE ill 83702-5983 Attorney for the Commission Staff BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR APPROVAL OF AN AGREEMENT BETWEEN VIM OR, LLC AND IDAHO POWER TO PROVIDE ELECTRIC TRANSMISSION AND SUBSTATION FACILITIES TO THE A VIM MULTI-USE DEVELOPMENT. CASE NO. IPC-O6- COMMENTS OF THE COMMISSION STAFF COMES NOW the Staff of the Idaho Public Utilities Commission, by and through its Attorney of record, Weldon B. Stutzman, Deputy Attorney General, and in response to the Notice of Application and Notice of Modified Procedure in Order No. 30165 issued on November 1 , 2006 and Order No. 30186 issued on November 21 2006 extending the comment period, submits the following comments. BACKGROUND On September 27, 2006, Idaho Power Company filed an Application requesting Commission approval of an Agreement between the Company and Avimor, LLC providing for the construction of transmission and distribution substation facilities for a subdivision proposed by A vimor. Distribution facilities beyond the substation would be provided subject to Rule H, Idaho Power standard distribution line extension policy. Avimor s planned subdivision is located in Ada County, STAFF COMMENTS DECEMBER 15, 2006 north of Boise, in an area where Idaho Power does not have adequate facilities to accommodate the project. The agreement provides for Avimor to pay Idaho Power $4.3 million to construct the facilities, paid in three installments. Idaho Power will own, operate and maintain the facilities that are constructed pursuant to the Agreement. Provided A vimor has timely made all three of the installment payments, the Agreement states that A vimor shall be eligible to receive periodic refunds from Idaho Power for the cost of the required facilities up to the entire amount of $4 300 000. Refunds to A vimor will be calculated and paid by Idaho Power on the basis of the number of Schedule 1 (residential), Schedule 7 (small general service), Schedule 9 (large general service) and Schedule 24 (agricultural irrigation) services and loads that are connected to the requested facilities by the new development. The refunds would be available to A vimor for the earlier of: (a) a period of 10 years, (b) until 685 permanent residential services within the project have been connected to the requested facilities, or (c) until the metered demand at the project's delivery point, as defined in the agreement, meets or exceeds 6 850 kW. STAFF REVIEW In general, Idaho Power has not historically required an advance from residential developers to extend transmission and distribution substation facilities to new developments. In this case the Company appears to have determined that the size, location and speculative nature of the development requires a special agreement. Staff agrees that a special agreement is appropriate here and that the advance and refund provisions for these facilities are necessary to protect the Company and its ratepayers from speculative development. Under the agreement, if the A vimor development does not build out in the designated time period and provide the associated generation of new customer revenue, the developer will not receive the specified refunds and neither the Company nor its customers will be required to invest in unused facilities. Specifically, Avimor will advance the $4.3 million cost of transmission and distribution substation facilities and will receive a full refund if all 685 residential customers connect to Idaho Power s system or if the Avimor load grows to 6 850 kW within ten years. The developer will be refunded a reduced portion of the original investment if fewer customers connect or there is less load growth during the refund period. All refunds constitute Company investment and will be included in the calculation of customer rates. ST AFF COMMENTS DECEMBER 15 , 2006 Staff nonetheless is seriously concerned with the high cost per customer of extending these facilities to serve 685 customers. At $4.3 million to serve 685 customers, the per customer investment for Idaho Power and its existing customer base is $6 277. This is far greater than the $350 per customer investment that Staff calculates is currently included in residential customer rates for similar facilities (See Attachment A). Another useful comparison for these types of facilities is the investment per new residential customer that the Company made between its last two general rate cases. Staff calculates this amount to be approximately $1 000 per new customer. (Attachment , $991 is rounded to $1000) The Avimor investment is almost 18 times the $350 per customer amount currently included in rates and is more than six times the Company s recent average investment for similar facilities. The difference between investment supported by current rates and the investment recommended in this case will require subsidy by existing ratepayers and will cause upward pressure on rates. Irrigation customers raised a concern about new customer load growth costs relative to past costs in Idaho Power Case No. IPC-03-13. Even without the extraordinary per customer investment proposed in this case the cost to serve new customers is considerably higher than costs embedded in rates and these costs are allocated through the cost of service process to all customer classes. Following the IPC-03-13 general rate case, the Commission opened Case No. IPC-04- 23 to study this issue and to obtain recommendations to address it. That case resulted in a report to the Commission but provided no definitive solution to the rising cost of serving new customers. Staff believes the magnitude of the Avimor investment per customer exacerbates the problem of growth related costs and needs to be mitigated. Staff s review of possible solutions to the problem resulted in a wide range of alternatives that considered different investment possibilities and refund provisions. Attachment B to these comments identifies a number of the alternatives examined and shows the results of each for A vimor and substation build out. A vimor build out is 685 customers but the substation will serve 1400 residential customers without upgrade. For an additional cost of $175 000 the substation can be upgraded to serve 2 800 residential customers and for another $175 000 the substation can serve 600 residential customers. For each of these customer levels Attachment B shows the resulting developer impact, the impact on rate base and the resulting pressure on rates. The Attachment is organized to show the options that are most beneficial to customers first and the options that are most beneficial to A vimor last. STAFF COMMENTS DECEMBER 15 , 2006 Option 1 would require Avimor to contribute, without possibility of refund, the entire $4. million. Implementation of this option would result in no increase in Company rate base. Therefore, revenues from new customers served from these facilities would have no transmission line or distribution substation costs to cover and as shown on the Attachment would actually cause downward pressure on rates. Option 1 was never seriously considered because it would provide a windfall to ratepayers at Avimor s expense. Under Option 2 the developer advances the initial cost of the facilities as required under the Agreement but receives refunds at the amount currently embedded in rates which is $350 per residential customer. This option is beneficial to customers because it produces no upward pressure on rates until the substation requires expansion and then the upward pressure is small. Staff does not recommend this option, however, because when the investments for existing transmission and distribution substation facilities were actually made, the investment was more than the $350 per customer currently embedded in rates. One reason that this is true is because the amount of the investment currently embedded in rates is a depreciated amount. Under Option 3 the developer advances $685 000 and contributes $3 615 000. The developer would receive refunds at $1 000 per customer which Staff calculates to be the average investment per customer incurred between the Company s two most recent general rate cases. This option caps upward pressure on rates at $650 per customer ($1 000 - $350). Staff is not recommending this Option because it believes another option, Option 4, treats the developer more fairly and accomplishes nearly the same results. Staff recommends Option 4. Under Option 4 the developer advances the initial facilities costs and receives refunds from all future developers or users of the substation facilities at the recent average incremental cost of providing the facilities, $1 000 per customer. Staff also recommends that refunds be provided for a period of 20 years or until the developer receives a complete refund of the $4.3 million that was advanced. Staff believes that this is the most fair and reasonable of the options reviewed because it effectively caps upward pressure on rates and provides the opportunity for the developer to recover its full advance if the substation provides service to 4 300 customers in 20 years or less. The developer is left with the risk that customer growth in the area to be served by the substation will not reach 4 300 customers. If there are no permanent service connections in the 20-year period, Avimor s contribution of $4.3 milliqn completely covers the initial cost of the unused facilities. If the Avimor development completely builds out but no customers over the 685 projected are served from the substation, Avimor would STAFF COMMENTS DECEMBER 15 , 2006 receive $685 000 in refunds and contribute $3 615 000 to Idaho Power to cover the construction cost of the unused facilities. Option 5 is essentially the Agreement as filed in this case. Under Option 5 the developer advances the initial facilities costs, $4.3 million, and receives a prorated refund based on the build out of A vimor which is 685 residential customers. As previously mentioned, this results in a refund of $6 277 per customer that goes to the Company s rate base and is included in rates. In Staff s view the facilities investment cannot be adequately supported by new customer revenue until more than 2800 customers are served. In the interim existing customers would experience substantial and unnecessary upward pressure on rates. In fact any growth in the area beyond 685 customers to be served by the new facilities is speculative and cannot be guaranteed. Option 6 is the other extreme, opposite Option 1. The Company makes the entire investment and Avimor is not asked to advance or contribute any money to cover the costs of these facilities. The result is that A vimor has no risk for the cost of these facilities and the costs are rate based and paid for entirely by ratepayers. This Option was never seriously considered because it places extreme upward pressure on rates in low build out scenarios and leaves no risk for the recovery of the cost of these facilities with Avimor, who directly causes the costs to be incurred. The A vimor Agreement as filed in this case provides for developer refunds for permanent residential service connections and for permanent service connections for Schedule 7, 9 and 24 customers. Staff agrees that the developer should receive refunds for all of these connections. For non-residential connections the refunds should be based on load per customer and, for the purposes of refund, could be stated as equivalent residential customers. ST AFF RECOMMENDATION Staff believes Option 4 addresses the speculative nature of the Avimor development and strikes a reasonable compromise between the interests of ratepayers and the developers. Staff s proposal allows refunds totaling $685 000 on build out of the Avimor development, with the possibility of a full refund of the $4.3 million if the substation serves 4 300 customers in a 20-year period. Staff s proposal requires the investment cost to be advanced to protect against the speculative risk that is appropriately assigned to the developer. The recommendation also allows refunds of $1 ,000 per permanent residential service, approximately the average investment per customer made by the Company for these types of facilities today. Staff s recommendation limits STAFF COMMENTS DECEMBER 15 , 2006 or caps, but does not eliminate, upward pressure on rates that would otherwise be caused by rate basing the extremely high costs of adding these facilities under the terms of the filed Agreement. Because the special agreement as submitted does not strike a reasonable balance between the . interests ofldaho Power s ratepayers and the Avimor developer, Staff recommends the Commission deny the Company s request for approval, with instructions that an agreement be resubmitted after changes are made to mitigate the high cost ultimately borne by ratepayers. Respectfully submitted this ~~ day of December 2006. v5~ Weldon B. Stutzman Deputy Attorney General Technical Staff: Keith Hessing i: umisc/commen ts/ipceO6 .23 wskh STAFF COMMENTS DECEMBER 15, 2006 IPC-06- Avimor Facilities Contract Transmission Lines and Distribution Substation Rate Base Per Residential Customer IPC-05-IPC-03-Difference Transmission Total Residential Transmission Rate Base Remove Transmission Station Equipment Transmission Lines 125 040 370 102 987 004 (52 857 595)259,491) 182 775 727 513 12,455 262 345 176 321 303 873 209 186 522 Average No. of Customers Transmission Rate Base Per Customer Distribution Distribution Substation Rate Base Distribution Rate Base Per Customer 708 348 516,437 191 911 345 176 321 303 873 141 117 469 350 303 991 Average No. of Customers Total Transmission and Distribution per Customer Attachment A Case No. IPC-06- Staff Comments 12/15/06 "" " C / J n ~ t: : s - p o ::+ .. . . . . 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Th e C o m p a n y m a k e s 30 0 00 0 30 0 00 0 30 0 00 0 29 9 65 0 th e i n v e s t m e n t s . 68 5 30 0 00 0 27 7 92 7 1 , 4 0 0 30 0 00 0 07 1 72 1 17 5 00 0 80 0 4, 4 7 5 00 0 59 8 24 8 17 5 , 00 0 60 0 65 0 00 0 83 0 48 0 Cu s t . ) CERTIFICATE OF SERVICE I HEREBY CERTIFY THAT I HAVE THIS 15TH DAY OF DECEMBER 2006 SERVED THE FOREGOING COMMENTS OF THE COMMISSION STAFF, IN CASE NO. IPC-06-, BY MAILING A COpy THEREOF, POSTAGE PREPAID, TO THE FOLLOWING: MONICA B MOEN BARTON L KLINE IDAHO POWER COMPANY PO BOX 70 BOISE ID 83707-0070 Jo ~ /kY-- SECRETARY CERTIFICATE OF SERVICE