Welcome To The Boulder Canyon Project April 11, 2007 Public Information Forum
Presentation On The Proposed FY2008 Base Charge & Rates
3 – Year Comparison Proposed Base Charge & Rates
FY 2006 Approved Total Expenses Prior Yr End C/O $ 72,811,139 $ 3,437,121 FY2006 Actual $ 66,879,721 $ 2,615,228 FY 2007 Approved $ 81,321,044 $ 1,902,909 FY 2007 Current Estimates $ 80,646,106 $ 4,912,787 FY2008 Proposed $ 84,645,695 $ 4,286,817
Less Water Sales Revenues
Less Other Revenues Subtotal +Adj. for Change in Undelivered Orders/Accounts Receivable Base Charge Yr End C/O
$
530,000
$
653,269
$
530,000
$
530,000
$
530,000
$ 11,379,000 $ 57,465,018
$ 12,241,662 $ 51,369,562
$ 11,379,000 $ 67,509,135
$ 11,981,000 $ 63,222,319
$12,318,000 $ 67,510,878
$ $
0 0
$ 1,235,933 $ (53,264)
$ $
0 0
$ $
0 0
$ $
0 0
$57,465,018
$ 52,552,231 $ 4,912,787
$ 67,509,135
$ 63,222,319 $ 4,286,817
$ 67,510,878
Why the Increase in the FY 2008 Base Charge & Rates
• Annual Expenses from FY2007 to FY2008:
– – – – – O&M expenses Other Expense – Visitor Center Uprating Principal Payments Replacements Debt Service Principal Payments
Why the Increase in the Base Charge & Rates
(Continued)
FY 2007 (Approved)
Bureau’s O&M Program * Western’s O&M Program * Total O&M Increase Other Expenses/ Visitor Center
* Includes Post Civil Service Retirement Costs
FY 2008 (Proposed)
$ Increases
36,759,000
37,109,000
350,000
3,965,761
3,981,090
15,329
40,724,761
41,090,090
365,329
8,410,000
8,435,000
25,000
Why the Increases in the Base Charge & Rates
(Continued)
FY 2007 (Approved) Replacements 7,178,000 FY 2008 (Proposed) 7,442,000 $ Increases 264,000
Uprating Program Principal Payments Debt Service – Principal Payments Total Annual Expenses Increases
5,135,616
8,234,782
3,099,166
1,646,818
1,779,859
133,041
3,886,536
Offset by decreases
Net Increase in Annual Expenses
(561,885)
3,324,651
Overall Changes to the Base Charge
FY 2007 Approved FY 2008 Proposed Increases
Total Annual Expenses Less Projected FY End Carryover
3,324,651
1,902,909
4,286,817
2,383,908
Less Other Revenues Proposed Base Charge Increase
11,379,000
12,318,000
939,000
1,743
Overall Changes to the Energy & Capacity Sales
FY 2007 Approved Energy Sales (MWh) Capacity Sales (kW) 3,965,355 1,721,000 FY 2008 Proposed 3,916,418 1,679,000 Decreases (48,937) (42,000)
Comparison Proposed Base Charge & Rates
FY 2007 Approved FY 2008 Proposed Increase %
Base Charge ($) Forecasted Energy Rate Mills/kWh Forecasted Capacity Rate $/KW/Month Composite Rate (Mills/kWh)
67,509,136
67,510,878
$
1,743
0.003
8.51
8.62
.11
1.28
1.63
1.68
$
.05
2.78
17.02
17.24
.21
1.25
Formal Rate Process Schedule
• • • • Feb 14, 2007 - Publication of FR Notice April 11, 2007 - Public Information Forum May 9, 2007 - Public Comment Forum May 15, 2007 - End of Comment & Consultation Period • October 1, 2007 - Effective Date of Base Charge & Rates