SMMPA 2019 Annual Meeting Transmission Update
SMMPA's Attachment O for the 2019 Annual Meeting provides a detailed update on transmission rates, historical comparisons, and important deadlines. Learn about SMMPA as a not-for-profit entity supplying power to municipal utilities. Explore the timeline for stakeholders' involvement and key financial data for transmission revenue requirements.
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SMMPA Attachment O 2019 Annual Meeting Transmission Formula Rate Update August 16, 2019
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 http://www.smmpa.com website at: http://www.smmpa.com Slide 2
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 Slide 3
Attachment O Timeline June 1st, 2019 publish Attachment O and supporting documentation based on calendar year 2018 actual data September 1st, 2019 deadline to hold annual stakeholders meeting on formula rate update December 1st, 2019 deadline for interested parties to submit information requests January 10th, 2020 deadline for TO to respond information requests January 31st, 2020 deadline for interested parties to submit informal challenges February 28th, 2020 deadline for TO to respond to informal challenges March 15, 2020 submit informational filing to FERC March 31, 2020 deadline for interested parties to submit formal challenge to FERC Slide 4
2018 Attachment O Summary Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Attachment MM Revenue Credits Revenue Credits Net Revenue Requirements $211,315,343 $ 20,209,424 $ 6,839,753 $ 26,473,898 $ 3,426,809 $ 4,965,418 ($ 6,676,275) ($ 5,498,667) ($ 2,784,054) $ 26,746,882 Transmission Rate $3.373/kW-month Slide 5
Historical Comparison 2017 Actual $182,846,785 $ 211,315,343 $ 19,461,271 $ 20,209,424 2018 Actual Transmission plant Intangible Direct Transmission Transmission Revenue Requirements: Operation & Maintenance Debt Service Other Taxes Margin Requirement Attachment GG Revenue Credits Attachment MM Revenue Credits Revenue Credits Net Revenue Requirements $ 7,743,512 $ 25,319,006 $ 3,253,587 $ 4,592,676 ($ 7,648,713) ($ 0.00 ) ($ 5,498,667) ($ 2,554,578) $ 30,705,490 $ 6,839,753 $ 26,473,898 $ 3,426,809 $ 4,965,418 ($6,676,275) ($ 2,784,054) $ 26,746,882 Transmission Rate $3.584/kW/Mo $3.373/kW/Mo Slide 6
2018 Net Revenue Requirements 2019 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 $1,328,915 and a load of 44.70 MWs ITCM pricing zone SMMPA has revenue requirements of $3,179,653 and a load of 27.80 MWs SMMPA/DPC pricing zone SMMPA has revenue requirements of $7,567,964 and a load of 63.30 MWs there was a load reduction of 187.2 MWs for inclusion in RPU s Attachment O load Xcel pricing zone SMMPA has revenue requirements of $14,670,350 and a load of 132.60 MWs Slide 7
Contact Information John Winter Jd.winter@smmpa.org Jd.winter@smmpa.org Julie Beth Ja.beth@smmpa.org Ja.beth@smmpa.org Richard Hettwer rj.hettwer@smmpa.org rj.hettwer@smmpa.org https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx MISO Attachment O Rate Data Webpage: https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateDa ta.aspx https://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionOwnerRateData.aspx Slide 8
