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SMMPA Attachment O 2018 Annual Meeting
Transmission Formula Rate Update August 24, 2018
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Background SMMPA is a not-for-profit, political subdivision of the State of Minnesota SMMPA supplies power to its 18 member municipal utilities SMMPA is governed by its members Seven member board of directors For more information on SMMPA and its members visit SMMPA’s website at:
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Background Attachment O
SMMPA became a Transmission Owning member of MISO April 1, 2006 As a Transmission Owner (TO) SMMPA must annually establish rates for open access use of its transmission assets FERC approved SMMPA’s cash flow Attachment O historical template in 2006 SMMPA utilizes the Cash Flow Attachment O historical template approved by FERC based on data from EIA 412
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Attachment O Timeline June 1st, 2018 publish Attachment O and supporting documentation based on calendar year 2017 actual data September 1st, 2018 deadline to hold annual stakeholders meeting on formula rate update December 1st, 2018 deadline for interested parties to submit information requests January 10th, 2019 deadline for TO to respond information requests January 31st, 2019 deadline for interested parties to submit informal challenges February 28th, 2019 deadline for TO to respond to informal challenges March 15, 2019 submit informational filing to FERC March 31, 2019 deadline for interested parties to submit formal challenge to FERC
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2017 Attachment O Summary Transmission plant $182,846,785
Intangible – Direct Transmission $ 19,461,271 Transmission Revenue Requirements: Operation & Maintenance $ 7,743,512 Debt Service $ 25,319,006 Other Taxes $ 3,253,587 Margin Requirement $ 4,592,676 Attachment GG Revenue Credits ($ 7,648,713) Revenue Credits ($ 2,554,578) Net Revenue Requirements $ 30,705,490 Transmission Rate $3.584/kW-month
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Historical Comparison
2016 Actual Actual Transmission plant $180,370,431 $182,846,785 Intangible – Direct Transmission $ 19,461,271 $ 19,461,271 Transmission Revenue Requirements: Operation & Maintenance $ 6,724,588 $ 7,743,512 Debt Service $ 24,606,983 $ 25,319,006 Other Taxes $ 2,122,087 $ 3,253,587 Margin Requirement $ 4,484,574 $ 4,592,676 Attachment GG Revenue Credits ($ 6,859,248) ($ 7,648,713) Revenue Credits ($ 2,028,241) ($ 2,554,578) Net Revenue Requirements $ 29,050,743 $ 30,705,490 Transmission Rate $3.051/kW/Mo $3.584/kW/Mo
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2017 Net Revenue Requirements 2018 Rates for MISO Pricing Zones
SMMPA has transmission assets and load in 4 different pricing zones in MISO SMMPA has entered into Joint Pricing Zone Agreements with GRE, ITCM and Xcel which have been filed at FERC GRE pricing zone - SMMPA has revenue requirements of $1,535,038 and a load of MWs ITCM pricing zone – SMMPA has revenue requirements of $3,611,911 and a load of MWs SMMPA/DPC pricing zone – SMMPA has revenue requirements of $8,724,491 and a load of MWs – there was a load reduction of MWs for inclusion in RPU’s Attachment O load Xcel pricing zone – SMMPA has revenue requirements of $16,834,049 and a load of MWs
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Contact Information John Winter Laura Sandwick Richard Hettwer MISO Attachment O Rate Data Webpage: ta.aspx
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