MSR Public Power Agency AGENDA

Transcription

MSR Public Power Agency
MEETING OF THE COMMISSION
Wednesday, November 18, 2015, 12:00 p.m.
Navigant Consulting, Inc.
35 Iron Point Circle, Suite 225
Folsom, CA 95630
AGENDA
Distribution:
Commissioners &
Alternate Commissioners
Modesto:
Greg Salyer, President
James McFall (Alt)
Santa Clara:
Pat Kolstad, Vice President
Teresa O’Neill1 (Alt)
Redding:
Barry Tippin 1
Paul Cummings (Alt)
1
Please post agenda.
Others
Steve Gross
Alan Hockenson
Martin Hopper1
Scott Van Vuren
Ed Oborn
Ana Vigil
Cindy Worley
Toxie Buriss
John Roukema
Alan Kuratori
Joyce Kinnear1
Ann Hatcher
Ann Czerwonka1
M-S-R Public Power Agency
Wednesday, November 18, 12:00 Noon
Navigant Consulting, Inc.
35 Iron Point Circle, Suite 225
Folsom, California
AGENDA
Any member of the public who desires to address the Commission on any item considered by
the Commission at this meeting before or during the Commission’s consideration of that item
shall so advise the Chair and shall thereupon be given an opportunity to do so.
1.
Call to Order
2.
Roll Call
3.
Approve meeting minutes of September 23, 2015 (attached)
4.
Report of Summary invoices for September and October 2015 paid totaling
$27,565,518.40 (summary attached)
5.
Finance (Scott Van Vuren)
a.
September 2015 Treasurer’s Report (attached)
b.
October 2015 Treasurer’s Report (attached)
6.
Projects and Activities (attached, Alan Hockenson)
a.
San Juan Project Status Report
b.
Southwest Transmission Projects Status Report
c.
Pacific Northwest Projects Status Report
7.
November 2015 General Manager’s Report (attached, Martin Hopper)
8.
Discussion and Possible Action Regarding November 2015 Outside Services
Budget Versus Actual Report (attached, Martin Hopper)
9.
Discussion and Possible Action Regarding 2016 Meeting Schedule (attached,
Martin Hopper)
10.
Discussion and Possible Action Regarding 2016 M-S-R Budget (attached,
Martin Hopper)
11.
Discussion and Possible Action Regarding FERC Counsel Fee Adjustment
(attached, Martin Hopper)
M-S-R Public Power Agency Commission Agenda
November 18, 2015
Page 2
12.
Discussion and Possible Action Regarding Engagement of Baker Tilly Virchow
Krause LLP as Independent Accountants (attached, Martin Hopper and Scott
Van Vuren)
13.
Convene Closed Session:
a.
Existing Litigation: Government Code §54956.9 (d)(1) – 6 Cases (10th US Circuit
Court of Appeals 11-9557 et al, NM-PRC Case No. 13-00390-UT, Supreme
Court of New Mexico Case No. S-1-SC-35533, EL11-44 – BPA, EF13-7-000 et
al, BP-16-BPA
b.
Conference with Real Property Negotiator Pursuant to Government Code Section
§54956.8, Property: Transmission facilities and entitlement connecting the
Westwing Substation, 11400 W. Hatfield Road, Peoria, Arizona, to the midpoint
of the Victorville-Lugo transmission line. Agency Negotiator: Martin R. Hopper
and/or Steven C. Gross. Under Negotiation: Purchase/Sale/Exchange/Lease of
Real Property (provisions, price and terms of payment)
c.
Public Employee Performance Evaluation: Government Code §54957 – General
Manager
14.
Reconvene Open Session.
15.
Announcements Following Closed Session
16.
Discussion and Possible Action Regarding Extension of Agreement for
Professional Services with Martin Hopper Energy Consulting (Steve Gross)
17.
Public Comment
18.
Confirm date and time of next meeting
19.
Adjourn
ALTERNATE FORMATS OF THIS AGENDA WILL BE MADE AVAILABLE UPON REQUEST
TO QUALIFIED INDIVIDUALS WITH DISABILITIES.
Document Number: 325474
Document Name: MSR PPA Agenda 2014
M-S-R PUBLIC POWER AGENCY
DRAFT MINUTES
SEPTEMBER 23, 2015
The Commission of the M-S-R Public Power Agency (M-S-R PPA) met September 23,
2015, at the offices of Navigant Consulting, Inc. (NCI), 35 Iron Point Circle, Suite 225,
Folsom, CA, 95630. Present from Modesto Irrigation District (MID) were James McFall,
and Scott Van Vuren; present from Santa Clara were Patrick Kolstad, and John Roukema;
and present from Redding was Barry Tippin. Also present were Consultant Alan
Hockenson; General Counsel Steve Gross; and General Manager Martin R. Hopper.
Commissioner Kolstad acted as Chair and called the meeting to order at 12:10 PM. A
quorum was attained with the voting representatives being Mr. McFall, Mr. Kolstad, and
Mr. Tippin.
The Commission then reviewed the minutes of its August 19, 2015 meeting. It was
moved by Commissioner Tippin and seconded by Alternate Commissioner McFall to
approve the minutes. The motion carried unanimously.
The Commission then reviewed the invoices listed under Item No. 4 on the Agenda that
have previously been paid pursuant to pre-existing delegations of authority.
Mr. Van Vuren then reviewed the Treasurer’s Report and noted the General Fund has a
balance of $26.0 million including $3.5 million in the Member Cash Call Reserve
Account, the Restricted Funds have a balance of $29.4 million for a total of $55.4 million
cash on hand and that all investments are in compliance with the Agency’s Investment
Policy Guidelines. Mr. Van Vuren also noted that a couple of the Agency’s securities
investments were recently called and that he is looking for safe replacement investments.
Mr. Hockenson then briefly addressed the Commission regarding the San Juan Project,
Southwest Transmission Project, and Big Horn Project Status Reports and entertained
DRAFT Minutes M-S-R Public Power Agency
Meeting of September 23, 2015
Page 2 of 3
questions thereon. He noted that PNM made “Prudent Utility Practice” determinations
regarding a number of emergent capital projects and reminded the Commission that
M-S-R PPA has no obligation to fund any of those projects. The San Juan Unit No. 4
Major Outage will commence on October 3 and PNM has indicated that all projects are
on-schedule.
Mr. Hopper addressed the Commission regarding his General Manager’s Report and
entertained questions thereon. Mr. Hopper provided further information regarding the
projected coal burn shortfall and potential mitigation measures proposed by PNM. He
also indicated the costs to the Agency related to this minimum-take requirement will be
small and far overshadowed by a significant and positive year-end true-up anticipated to
be accrued to the Agency.
Mr. Hopper then addressed the Commission regarding the September 2015 Outside
Services Budget versus Actual Report. With the exception of New Mexico counsel’s
expenses involved in defending discovery disputes before the New Mexico Public
Regulation Commission regarding the San Juan Restructuring, all expenditures are
consistent with the mid-year budget review projections and that New Mexico counsel’s
exceedances will be offset by under-runs by other consultants.
Mr. Hopper then addressed the Commission regarding the proposed 2016 M-S-R
Strategic Plan. He informed the Commission that the draft had been reviewed by Member
Staff at a workshop held September 10, 2015. The proposed update addresses
implications and actions necessary for the successful divestiture of M-S-R PPA’s
interests in the San Juan Generating Station and management of related legacy liabilities
and for completing a successful divestiture of the Southwest Transmission Project. It was
moved by Commissioner Tippin and seconded by Alternate Commissioner McFall to
adopt the updated 2016 M-S-R PPA Strategic Plan. The motion carried unanimously.
DRAFT Minutes M-S-R Public Power Agency
Meeting of September 23, 2015
Page 3 of 3
Mr. Hopper then addressed the Commission regarding the proposed 2015 update to the
M-S-R PPA Policies and Procedures Manual. The proposed update includes general
status updates and miscellaneous clarifications. The proposed updates were reviewed by
the Technical Committee at its September 10, 2015 meeting. He also noted that as the
updates were not significant in nature, the Commission may wish to consider future
updates to the manual on a biennial basis. It was moved by Commissioner Salyer and
seconded by Commissioner Kolstad to adopt Resolution 2015-04 Regarding 2015 Annual
Update of Policies and Procedures Manual. Upon the call of the roll, the motion carried
unanimously.
The Commission then retired into Closed Session pursuant to Government Code Section
54956.9(d)(1) – Conference with Legal Counsel – Existing Litigation – 5 Cases (10th US
Circuit Court of Appeals 11-9557 et al, NM-PRC Case No. 13-00390-UT, EL11-44 BPA, EF13-7-000 et al, and BP-16-BPA) at 12:33 P.M. Upon the conclusion of the
Closed Session at 12:54 P.M., the Chair then reported for the record, pursuant to the
Government Code, that the Commission had taken no actions which require public
disclosure at this time.
The Chair then called for Public Comment. There being none, the Chair announced that
the October 21, 2015 meeting of the Commission will be cancelled unless required by
emergent business and the next regular meeting of the Commission will be held
Wednesday, November 18, 2015, at 12:00 Noon, at Navigant’s offices in Folsom, CA.
The meeting was then adjourned by the Chair at 12:55 P.M.
Martin R. Hopper
Assistant Secretary
Macintosh HD:Users:martinhopper:My Laptop Documents:M-S-R Public Power Agency:Administrative:Commission:Minutes:2015
Minutes:MSR PPA Minutes 0915.doc
Invoices Paid
Payee
MID
WREGIS
US Bank
US Bank
Navigant
Law Offices of Susie Berlin
Montgomery Andrews
USDOE
KBT
Martin Hopper
PNM
Duncan Weinberg
NCPA
Porter Simon
LADWP
Iberdrola Renewables
Big Horn Wind
US Bank
US Bank
US Bank
US Bank
PNM
PNM
WREGIS
Politico
Yavapai County Treasurer
USDOE
Montgomery & Andrews
PNM
Flynn Resource
US Bank
LADWP
Maricopa County Treasurer
PNM
Nevada Department of Taxation
Description
Period Covered
Accounting & Coordination Service
Jul-15
Transfer Volume Fee
Jul-15
Swap Payment Series 1998 F&G
Sep-15
Debt Service Series 2008 M&N
Sep-15
Professional Services
Jul-15
Legal Services
Jul-15
Jul-15
Firm Energy Losses
Jul-15
Consulting Services
Jul-15
General Manager Services
Aug-15
Weekly RFF
Sep-15
Legal Services
Jul-15
2015 NCPA Annual Conference
Sep-15
General Legal Services
Aug-15
O&M cost Mead-Adelanto
Jun-15
Shaping Fee
Aug-15
Energy Fee
Aug-15
BigHorn2 Contract Power
Aug-15
Series 2008L
Sep-15
Series 2008M
Sep-15
Series 2008N
Sep-15
Series 2011O
Sep-15
Coal
Sep-15
Weekly RFF
Sep-15
Transfer Volume Fee
Sep-15
Consulting Services
Aug-15
1st half 2015 Property Taxes
Sep-15
Firm Energy Losses
Aug-15
Aug-15
Weekly RFF
Sep-15
SWTP Analysis
Jul-15
Debt Service Series 2008L,
2011O, 2014Q
Sep-15
Adelento to Victorville
Aug-15
2015 Property Taxes
Sep-15
Legal Services
Aug-15
Weekly RFF
Sep-15
2nd Qtr 2015-2016 Taxes
Sep-15
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Amount
61,477.40
252.43
287,489.73
37,439.40
5,234.50
2,847.50
17,481.82
39,508.24
26,178.75
20,192.07
35,000.00
54,900.90
695.00
6,410.49
33,747.47
228,592.00
2,449,627.66
1,149,215.56
3,750.00
3,750.00
3,750.00
2,350.00
2,744,028.87
229,942.00
212.19
2,000.00
3,636.86
36,760.14
16,010.19
16,000.00
7,755.00
$
$
$
$
$
$
5,162,766.03
61,595.00
37,611.77
1,440.50
916,942.00
23,492.65
U.S. Bank
U.S. Bank
MID
SRP
Duncan, Weinberg, Genzer
PNM
Martin Hopper Energy
Navigant
Mohave County Treasurer
CMUA
SRP
U.S. Bank
PNM
Politico
LADWP
Big Horn Wind Project
LADWP
PNM
Porter Simon
PNM
Montgomery & Andrews
KBT, Inc.
PNM
Debt Service Payment 2008 M&N
Swap Payment Series 1998 F&G
Accounting & Coordination Service
Mead-Phoenix Betterments
Legal Services
Weekly RFF
General Manager Services
2015-2015 1st Half Taxes
2015-2016 Membership Dues
Mead-Phoenix Betterments
Bond Series 2013P
Weekly RFF
Legislative Services
O&M Mead-Adelanto
Firm energy
Big Horn Shaping
Big Horn2 Power
O&M Aldelanto-Victorville
Coal
Legal Services
Weekly RFF
Consulting Services
Weekly RFF
Debt Service Payment 2008L,
2011O, 2014Q
U.S. Bank
To Commission 11-18-2015 (September/October)
Oct-15
Oct-15
Aug-15
Jul-15
Aug-15
Sep-15
Sep-15
Aug-15
Oct-15
Oct-15
Oct-15
Oct-15
Oct-15
Sep-15
Oct-15
Sep-15
Sep-15
Sep-15
Sep-15
Sep-15
Sep-15
Oct-15
Sep-15
Aug-15
Oct-15
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
39,037.92
307,935.21
61,497.02
8,460.95
38,106.88
223,000.00
22,131.88
1,477.12
10,645.67
4,756.00
137.74
2,150.00
744,659.00
2,000.00
22,035.28
1,939,403.67
445,055.00
996,130.76
61,595.00
2,757,941.23
5,136.62
142,000.00
3,557.93
21,158.37
812,659.00
Oct-15
$
$
5,162,766.03
27,565,518.40
Treasurer’s Report SEPTEMBER 2015 M-S-R Public Power Agency
Treasurer’s Report
Index
Treasurer’s Report for the Month of September 2015
Investment Activity, All Funds
General Fund Investment Portfolio Guideline Compliance
Investment Portfolio Pie Chart
General Fund Portfolio Average Maturity Report
MSR / LAIF / US Treasury 2-Year
Quarterly Report
General Fund:
Portfolio Summary
Portfolio Details – Investments
Portfolio Details – Cash
Investment Status Report – Investments
Investment Status Report – Cash
Investment Activity by Type
Activity Report LAIF
Trust Funds:
Portfolio Summary
Received Interest
Realized Gains and Losses
Purchases Report
Sales/Call Report
i
September 2015
Portfolio
Beginning
Balance (Cost)
Purchases or
Deposits
Sales/Maturities
or Withdrawals
Ending Balance
(Cost)
$26,001,893
$1,759,730
$3,300,000
$24,461,623
MSR
MSR Trusts
Market Value*
$24,386,346
$29,354,824
$19,474,031
$14,306,477
$34,522,377
$34,573,496
$55,356,717
$21,233,762
$17,606,477
$58,984,001
$58,959,842
September 2015
Corp Medium Term Notes
Federal Agency Issues
Managed Pool Accounts (LAIF)
Standard
Actual
Cost (Book)
Market Value*
30%
21.54%
$5,156,237
$5,073,520
No Limit
8.35%
$1,998,000
$2,005,440
50M
70.11%
$16,782,011
$16,782,011
Treasury Securities
No Limit
0.00%
$0
$0
Municipal Bonds
No Limit
0.00%
$0
$0
100.00%
$23,936,248
$23,860,971
Demand Account Balance
No Limit
Total
* Source of Market Value information is Union Bank and Bloomberg Financial Systems
$525,375
$525,375
$24,461,623
$24,386,346
M‐S‐R Public Power Agency
Investment Portfolio September 2015
21.54%
8.35%
70.11%
General Fund Portfolio
Average Maturity Report
600
500
Days
400
300
200
100
0
Weighted Average Maturity
MSR / LAIF / US Treasury 2‐Year
September 2015
3
Earnings Rate
2.5
2
1.5
1
0.66
0.58
0.5
0
MSR
LAIF
Treas Cons Matr 2Yr
MSR Avg
Investment Portfolio Quarterly Comparison
Third Quarter 2015
100%
90%
80%
70%
60%
Medium Term Notes
50%
LAIF
Government Agency
40%
30%
20%
10%
0%
4Q 2014
MSR Treasurers Report Spreadsheet 2015
1Q 2015
2Q 2015
3Q 2015
Treasurer’s Report OCTOBER 2015 M-S-R Public Power Agency
Treasurer’s Report
Index
Treasurer’s Report for the Month of October 2015
Investment Portfolio Pie Chart
General Fund Portfolio Average Maturity Report
MSR / LAIF / US Treasury 2-Year
General Fund:
Portfolio Summary
Activity Report LAIF
Received Interest
Trust Funds:
Portfolio Summary
Received Interest
Realized Gains and Losses
Purchases Report
i
October 2015
Portfolio
Beginning
Balance (Cost)
Purchases or
Deposits
Sales/Maturities
or Withdrawals
Ending Balance
(Cost)
$24,461,623
$1,475,634
$3,900,000
$22,037,258
MSR
MSR Trusts
Market Value*
$21,961,031
$34,522,377
$19,171,453
$14,008,635
$39,685,196
$39,717,906
$58,984,001
$20,647,087
$17,908,635
$61,722,453
$61,678,937
October 2015
Standard
Actual
Cost (Book)
Market Value*
30%
24.38%
$5,156,237
$5,074,750
No Limit
9.45%
$1,998,000
$2,003,260
50M
66.18%
$13,997,746
$13,997,746
Treasury Securities
No Limit
0.00%
$0
$0
Municipal Bonds
No Limit
0.00%
$0
$0
100.00%
$21,151,983
$21,075,756
Demand Account Balance
No Limit
Total
* Source of Market Value information is Union Bank and Bloomberg Financial Systems
$885,274
$885,274
$22,037,258
$21,961,031
Investment Portfolio October 2015
24.38%
66.18%
9.45%
General Fund Portfolio
Average Maturity Report
600
500
Days
400
300
200
100
0
Weighted Average Maturity
MSR / LAIF / US Treasury 2‐Year
October 2015
3
Earnings Rate
2.5
2
1.5
1
0.716
0.59
0.5
0
MSR
LAIF
Treas Cons Matr 2Yr
MSR Avg
SAN JUAN PROJECT
STATUS REPORT
NOVEMBER 2015
SAN JUAN UNIT 4 OPERATIONS
September 2015
Unit Net Generation (MWh)
Net Capacity Factor (%)
332,056
91.0
San Juan Generating Station (San Juan) Unit 4 was forced from service five times
during August 2015 for a total of 124 hours. The majority of the time was to complete
tube leak repairs started in July 2015. Other minor outages were caused by main steam
drain pipe leaks. There were no forced outages in September 2015.
CAPITAL BUDGET ITEMS (CBIS)
The only CBI presented for San Juan Unit 4 at the October 22, 2015 meeting of the San
Juan Engineering and Operating (E&O) Committee was for almost $2.4 million was to
rebuild bins and other worn structures in the ash handling area. The CBI was
approved in spite of M-S-P PPA representatives abstaining at both the E&O Committee
and Coordination Committee levels. The portion allocated to the M-S-R PPA
Ownership interest would have been $681,776 in the absence of the Capacity Option
and Funding Agreement.
Of the 11 CBIs plant common to all San Juan Units, six were approved, two were
rejected and three were withdrawn by the Public Service Company of New Mexico.
The total of the approved plant common CBIs was just over $6 million with the cost
allocable to the M-S-R PPA Ownership interest would have been $523,854 in the
absence of the Capacity Option and Funding Agreement. M-S-R PPA representatives
abstained on all approved CBIs at both the E&O Committee and Coordination
Committee levels.
Since the meeting, an additional CBI for approximately $644,921 was approved
telephonically for repair of circulating water lines (Pre-Stressed Concrete Cylinder
Pipe) in spite of M-S-R PPA abstentions.
UNION NEGOTIATIONS
The negotiations between the San Juan plant management and the International
Brotherhood of Electrical Workers (IBEW) are close to being completed. The
outstanding issue between the union and management addresses union representative
access at the plant.
11/10/15
SOUTHWEST TRANSMISSION PROJECTS
STATUS REPORT
NOVEMBER 2015
Mead-Phoenix Spacer Damper Project
The Western Area Power Administration (Western) is the project manager for the
replacement and addition of spacer dampers for the Mead-Phoenix Transmission Line
(Mead-Phoenix). Pursuant to federal rules, all money has been already collected from
the Mead-Phoenix Owners and Participants, totaling approximately $10 Million. The
project was originally estimated to be completed by April 2015, then later December
2015. Western has encountered significant access problems and is proceeding through
necessary environmental processes to regain access to the transmission line. Western’s
best estimate is that the project may be completed by the end of 2016.
Capital Projects to be invoiced by LADWP
The Los Angeles Department of Water and Power (LADWP) is the Operations
Manager for the Mead-Adelanto Transmission Line (Mead-Phoenix), including
Marketplace Substation which is shared by Mead-Phoenix and Mead-Adelanto.
LADWP is prepared to issue invoices for two long-completed capital projects in
November 2015.
The first is an allocation of cost from the Southern California Edison Company (SCE)
for improvements to the access road serving a number of facilities in the region. The
project was completed in September 2010 but invoices have been held by SCE for a
number of reasons.
LADWP also replaced the Static Var Compensation (SVC) relay control batters at both
Marketplace and Adelanto Substations. The Adelanto portion of this work was
completed in December 2014 and has been previously invoiced. The Marketplace
portion of this work was completed in April 2015 and will now be billed.
The total cost anticipated for M-S-R PPA for these invoices is expected to be
approximately $36,000.
11/10/15
PACIFIC NORTHWEST PROJECT
STATUS REPORT
NOVEMBER 2015
BIG HORN I OPERATION
September 2015
October 2015
2015 Total
Project Life (since October 2006)
MWH
34,344
37,681
310,460
4,661,873
% of 5-Year Average
104.6
108.9
77.3
92.2
MWH
6,852
9,423
70,696
584,288
% of 5-Year Average
88.9
102.2
77.2
90.9
BIG HORN II OPERATION
September 2015
October 2015
2015 Total
Project Life (since November 2010)
The only curtailments during September were 5 MWh during on-peak periods.
However, curtailments were 65 MWh on-peak and 68 MWh off-peak in October. Other
than Big Horn II in September, both projects have exceeded monthly expectations for
four consecutive months.
During the first half of 2015, the greatest differential for monthly production between
the Big Horn I and Big Horn II projects was 1.1 percent. During all of these months
both projects failed to meet expected energy production levels. It is interesting to note
that during the July and August 2015, Big Horn I produced at energy levels
approximately 20 percent better than Big Horn II, however, 15 percent worse during
September 2015. In October, Big Horn 1 was 7% better than Big Horn II.
11/10/15
Staff Report
Date:
November 10, 2015
From:
Martin R. Hopper, General Manager
To:
M-S-R PPA Commission
Subject:
November 2015 General Manager’s Report
Big Horn Wind Energy Projects Metering Issues:
Since the time of initial project operation, we have had difficulties reconciling actual Big
Horn II production and the Bonneville Power Administration’s (BPA) allocation of
REC’s between Big Horn I and Big Horn II due to the metering configuration at the
project site. The Technical Committee has reviewed and discussed this issue and
concluded that the solution to this problem lies not in a costly reconfiguration of the Big
Horn Switchyard, but in the agreement by BPA to use consistent loss factors for both
revenue metering and REC allocation purposes. Although our counterparty, Iberdrola
Renewables, Inc. has attempted numerous times to reach such an agreement with BPA,
this problem recurs. It is our intent to attempt to broker a longer-term agreement or
protocol.
San Juan Coal Minimum Take Requirements
As previously reported to the Commission it appears that neither the station as a whole
nor M-S-R PPA as an individual participant will satisfy the minimum take requirements
under the Underground Coal Sales Agreement (UG-CSA). Although the San Juan Project
Participation Agreement addresses these particular circumstances, the Fuels Committee
continues to discuss options for mitigating the expenses associated with take-or-pay
requirements in the UG-CSA. Although there is a general consensus to take the shortfall
coal tons into inventory there is no agreement amongst the participants as to whether the
coal should be delivered to mine-side or plant-side inventory. In net, either scenario is
roughly equally beneficial to M-S-R PPA.
Macintosh HD:Users:martinhopper:My Laptop Documents:M-S-R Public Power Agency:Administrative:Director:November 2015
MSR PPA General Manager's Report.doc
Page 1 of 1
Staff Report
Date:
November 10, 2015
From:
To:
Subject:
November 2015 Outside Services Budget versus Actual Report
Major Legal Providers Reporting Are:
Duncan, Weinberg, Genzer, and Pembroke:
Law Offices of Susie Berlin:
Porter Simon:
Through:
Through:
Through:
September 30, 2015
October 31, 20151
October 31, 2015
Through:
Through:
Through:
September 30, 2015
September 30, 2015
August 31, 2015
Major Consulting Providers Reporting Are:
Navigant Consulting:
KBT LLC:
Flynn Resource Consultants:
Detailed charts of monthly budget versus actual cost comparisons for each provider are
attached in their usual format.
Recommendation:
I recommend the Commission note and file this report.
Macintosh HD:Users:martinhopper:My Laptop Documents:M-S-R Public Power Agency:Budget:2015:Sep 2015 Outside Services
Budget v Actual Report.doc
1
Note:
September 2015 based on estimated allocation of total.
M-S-R PPA
All Legal Summary
Oct-2015
Month of:
AllLegal-Total
1,250,000
1,000,000
750,000
CUMMULATIVEBUDGET
500,000
CUMMULATIVEACTUAL
250,000
-
CURRENT MONTH
By Function
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
By Provider
Duncan
Berlin
Porter Simon
Others
Total
11/10/15
Budget
Current
Month
18,750
2,500
31,667
833
4,750
23,750
2,917
85,167
Budget
Current
Month
58,333
4,167
20,167
2,500
85,167
Actual
Current
Month
9,211
0
154
0
402
0
503
10,270
Actual
Current
Month
0
8,554
1,716
0
10,270
YEAR TO DATE
Positive
Variance
9,539
2,500
31,513
833
4,348
23,750
2,414
74,897
Positive
Variance
58,333
(4,387)
18,451
2,500
74,897
Actual v.
Budget %
49%
0%
0%
0%
8%
0%
17%
12%
Actual v.
Budget %
0%
205%
9%
0%
12%
By Function
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
By Provider
Duncan
Berlin
Porter Simon
Others
Total
Budget Year Actual Year to
to Date
Date
187,500
25,000
316,667
8,333
47,500
237,500
29,167
851,667
205,721
0
270,847
5,086
37,803
251,535
26,025
797,016
to Date
Date
583,333
41,667
201,667
25,000
851,667
557,386
37,179
162,985
39,465
797,016
Positive
Variance
(18,221)
25,000
45,819
3,247
9,697
(14,035)
3,142
54,650
Positive
Variance
25,947
4,487
38,681
(14,465)
54,650
Actual v.
Budget %
110%
0%
86%
61%
80%
106%
89%
94%
Actual v.
Budget %
96%
89%
81%
158%
94%
2015 Legal Expenses.xlsx
M-S-R PPA
Duncan Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
2,500
0
29,167
833
2,083
23,750
0
58,333
Positive
Variance
0
0
0
0
0
0
0
0
2,500
0
29,167
833
2,083
23,750
0
58,333
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
25,000
0
291,667
8,333
20,833
237,500
0
583,333
25,354
0
256,593
5,086
18,819
251,535
0
557,386
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
(354)
0
35,074
3,247
2,015
(14,035)
0
25,947
Actual v.
Budget %
101%
0%
88%
61%
90%
106%
0%
96%
Duncan-Total
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
-
CUMMULATIVEBUDGET
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
CUMMULATIVEACTUAL
M-S-R PPA
Berlin Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
1,250
0
0
0
2,500
0
417
4,167
Positive
Variance
7,649
0
0
0
402
0
503
8,554
(6,399)
0
0
0
2,098
0
(86)
(4,387)
Actual v.
Budget %
612%
0%
0%
0%
16%
0%
121%
205%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
12,500
0
0
0
25,000
0
4,167
41,667
12,849
0
0
0
18,984
0
5,347
37,179
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
(349)
0
0
0
6,016
0
(1,180)
4,487
Actual v.
Budget %
103%
0%
0%
0%
76%
0%
128%
89%
Berlin-Total
60,000
50,000
40,000
30,000
20,000
CUMMULATIVEBUDGET
10,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
M-S-R PPA
Misc Legal Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
0
2,500
0
0
0
0
0
2,500
Positive
Variance
0
0
0
0
0
0
0
0
0
2,500
0
0
0
0
0
2,500
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
0
25,000
0
0
0
0
0
25,000
0
39,465
0
0
0
0
0
39,465
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
0
(14,465)
0
0
0
0
0
(14,465)
Actual v.
Budget %
0%
158%
0%
0%
0%
0%
0%
158%
MiscLegal-Total
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
-
CUMMULATIVEBUDGET
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
CUMMULATIVEACTUAL
M-S-R PPA
Porter Simon Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
15,000
0
2,500
0
167
0
2,500
20,167
Positive
Variance
1,562
0
154
0
0
0
0
1,716
13,438
0
2,346
0
167
0
2,500
18,451
Actual v.
Budget %
10%
0%
6%
0%
0%
0%
0%
9%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
150,000
0
25,000
0
1,667
0
25,000
201,667
128,053
0
14,255
0
0
0
20,678
162,985
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
21,947
0
10,746
0
1,667
0
4,322
38,681
Actual v.
Budget %
85%
0%
57%
0%
0%
0%
83%
81%
PorterSimon-Total
300,000
250,000
200,000
150,000
100,000
CUMMULATIVEBUDGET
50,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
Legal Costs - 2015
2015 Budget
Reallocated
Budget
Jan-2015
8.33%
Feb-2015
16.67%
Mar-2015
25.00%
Apr-2015
33.33%
May-2015
41.67%
Jun-2015
50.00%
Jul-2015
58.33%
DWG&P
Generation
Aug-2015
66.67%
22,680
SJGS Agreements
20,000
30,000
5,751
666
-
-
FERC Gen'l
SCE
SCE Experts
250,000
50,000
10,000
250,000
100,000
-
19,289
15,581
-
Other Trans - TRR
100,000
10,000
10,000
25,000
300,000
740,000
285,000
700,000
30,632
74,175
10.02%
34,603
66,049
18.95%
228
11,480
-
17,880
8,398
-
22,021
6,966
-
35,422
4,621
-
14,847
3,947
16,767
5,076
22,568
16,102
-
2,698
836
-
-
1,248
-
2,922
1,804
646
3,358
2,542
1,483
794
51,670
95,071
41.06%
25,883
47,447
47.48%
17,430
53,483
54.70%
Sep-2015
75.00%
Oct-2015
83.33%
Nov-2015
91.67%
Dec-2015
100.00%
Total
Average
Year-End
Notes
Projection
24,429.00
2,774
4,455.00
-
-
-
25,354
2,113
25,354
19,296
3,384
13,975.00
10,454.00
-
20,000
5,000
20,000
5,000
222,065
84,528
-
18,505
7,044
-
222,065
84,528
-
Transmission
Trans - Other
-
1,000
1,000
7,086
591
1,226
304
4,044.00
-
-
2,000
2,000
22,819
1,902
22,819
7,086 CASIO Rate Case/SWTP
11,123
38,107
67.27%
26,651.87
59,579.87
75.32%
75.32%
15,000
43,000
81.13%
15,000
43,000
86.94%
281,535
643,386
23,461
53,616
281,535
643,386
87%
Renewables
BPA/PNW Gen'l
Rens - Other
OMP/BPA Rate Case
Generation
AB32/Cap & Trade/SB136840,000
Renewables
RES/RPS
30,000
A&G
5,000
75,000
38,105
68,574
28.22%
134
15,000
436
553
1,173
30,000
5,000
50,000
871
484
1,791
2.39%
1,725
2,278
5.43%
4,733
780
6,685
14.34%
30,000
30,000
-
-
120,000
150,000
30,000
0.00%
0.00%
70
0.05%
298
0.25%
836
0.80%
1,210
1.61%
17,482
13.26%
16,011
23.94%
3,558
26.31%
26.31%
2,000
27.64%
2,000
28.98%
965,000
780,000
75,966
7.87%
68,327
14.95%
75,329
22.76%
99,960
33.12%
51,532
38.46%
56,737
44.34%
75,230
52.13%
55,558
57.89%
66,838
64.82%
8,554
65.70%
49,900
70.87%
49,900
76.04%
150,000
75,000
2,000
30,000
257,000
180,000
30,000
2,000
30,000
242,000
15,075
506
2,569
18,150
7.06%
17,344
990
3,090
21,424
15.40%
16,169
5,499
2,034
23,702
24.62%
16,939
1,628
2,081
20,647
32.66%
21,698
1,496
2,139
25,333
42.51%
23,394
2,200
2,087
27,681
53.28%
7,782
1,628
3,376
12,786
58.26%
5,429
154
828
6,410
60.75%
2,662
2,475
5,137
62.75%
1,562.00
154.00
1,716.00
63.42%
10,000
2,000
220
2,100
14,320
68.99%
1,222,000
1,022,000
94,116
7.70%
89,751
15.05%
99,031
23.15%
120,607
33.02%
76,865
39.31%
84,418
46.22%
88,016
53.42%
61,969
58.49%
71,974
64.38%
10,270
65.22%
64,220
70.48%
4,455
1
4,591
20.46%
Others
Generatiion - Other
67
2,613
570
3,250
24.79%
34
15,437
54,901
62.12%
-
804
1,441
570
2,044
27.52%
2,010
838
2,848
31.31%
235
402
1,441
33.23%
1,210
17,482
16,011
2,000.00
7,649.26
2,000
2,000
16,849
1,404
16,849
500.00
1,199.88
3,699.88
38.17%
3,699.88
402.00
502.50
8,553.76
49.57%
2,500
400
4,900
56.11%
2,500
400
4,900
62.64%
23,984
6,147
46,979
1,999
512
3,915
23,984
6,147
46,979
63%
2,000
2,000
43,465
3,622
43,465
43,465
3,622
733,831
61,153
10,000
2,000
220
2,100
14,320
74.56%
148,053
18,255
440
24,878
191,625
12,338
1,521
37
2,073
15,969
148,053
18,255
440
24,878
191,625
75%
64,220
75.73%
925,456
77,121
925,456
76%
Italics = Estimates
Montgomery Andrews
70
298
836
3,558
-
Trans - Other
TBD - CAISO
Sub Total
Porter Simon
M-S-R PPA
Generation
Transmission
Renewables
A&G
GRAND TOTAL
210,000
30,000
385,000
220,000
42,000
300,000
35,000
1,222,000
Reallocated
Budget
225,000
30,000
380,000
10,000
57,000
285,000
35,000
1,022,000
850,000
42,000
650,000
57,000
2015 Budget
G
G - Other
T
T - Other
R
R - Other
A
50/35/15
Renew
11/10/15
190,255
43,465
324,847
7,086
47,243
281,535
31,025
925,456
2015 Input
TCA/PTO Agreements
43,465
29%
733,831
76%
190,255
43,465
324,847
7,086
47,243
281,535
31,025
925,456
M-S-R PPA
Total Outside Consult Summary
Oct-2015
Month of:
OutsideServicesConsultants-Total
700,000
600,000
500,000
400,000
CUMMULATIVEBUDGET
300,000
CUMMULATIVEACTUAL
200,000
100,000
-
Jan-2015 Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Oct-2015 Nov-2015 Dec-2015
CURRENT MONTH
By Function
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
By Provider
Navigant
KBT
Flynn RCI
Others
Total
11/10/15
Budget
Current
Month
Actual
Current
Month
14,792
3,333
7,083
6,250
4,167
5,417
4,583
45,625
Budget
Current
Month
4,375
40,417
0
833
45,625
YEAR TO DATE
Positive
Variance
0
0
0
0
0
0
0
0
Actual
Current
Month
14,792
3,333
7,083
6,250
4,167
5,417
4,583
45,625
Positive
Variance
0
0
0
0
0
4,375
40,417
0
833
45,625
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
Actual v.
Budget %
0%
0%
0%
0%
0%
By Function
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
By Provider
Navigant
KBT
Flynn RCI
Others
Total
to Date
Date
147,917
33,333
70,833
112,500
41,667
54,167
45,833
506,250
117,762
31,540
30,412
59,536
18,576
30,080
40,364
328,271
to Date
Date
43,750
404,167
50,000
8,333
506,250
23,282
254,405
42,901
7,683
328,271
Positive
Variance
30,155
1,793
40,421
52,964
23,090
24,087
5,469
177,979
Positive
Variance
20,468
149,762
7,099
650
177,979
Actual v.
Budget %
80%
95%
43%
53%
45%
56%
88%
65%
Actual v.
Budget %
53%
63%
86%
92%
65%
2015 Consulting Expenses.xlsx
M-S-R PPA
Navigant Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
625
0
2,917
0
0
0
833
4,375
Positive
Variance
0
0
0
0
0
0
0
0
625
0
2,917
0
0
0
833
4,375
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
6,250
0
29,167
0
0
0
8,333
43,750
3,267
0
11,897
0
0
0
8,119
23,282
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
2,983
0
17,270
0
0
0
215
20,468
Actual v.
Budget %
52%
0%
41%
0%
0%
0%
97%
53%
Navigant-Total
60,000
50,000
40,000
30,000
20,000
CUMMULATIVEBUDGET
10,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
M-S-R PPA
KBT Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
13,333
3,333
4,167
6,250
4,167
5,417
3,750
40,417
Positive
Variance
0
0
0
0
0
0
0
0
13,333
3,333
4,167
6,250
4,167
5,417
3,750
40,417
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
133,333
33,333
41,667
62,500
41,667
54,167
37,500
404,167
106,812
31,540
18,516
16,636
18,576
30,080
32,246
254,405
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
26,521
1,793
23,151
45,865
23,090
24,087
5,254
149,762
Actual v.
Budget %
80%
95%
44%
27%
45%
56%
86%
63%
KBT-Total
600,000
500,000
400,000
300,000
200,000
CUMMULATIVEBUDGET
100,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
M-S-R PPA
Misc Consultants Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
0
833
0
0
0
0
0
833
Positive
Variance
0
0
0
0
0
0
0
0
0
833
0
0
0
0
0
833
Actual v.
Budget %
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
0
8,333
0
0
0
0
0
8,333
0
7,683
0
0
0
0
0
7,683
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
0
650
0
0
0
0
0
650
Actual v.
Budget %
0%
92%
0%
0%
0%
0%
0%
92%
MiscConsultants-Total
12,000
10,000
8,000
6,000
4,000
CUMMULATIVEBUDGET
2,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
M-S-R PPA
Flynn RCI Summary
Oct-2015
Month of:
CURRENT MONTH
Budget
Current
Month
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Actual
Current
Month
0
0
0
0
0
0
0
0
Positive
Variance
0
0
0
0
0
0
0
0
Actual v.
Budget %
0
0
0
0
0
0
0
0
0%
0%
0%
0%
0%
0%
0%
0%
YEAR TO DATE
Budget Year
to Date
Actual Year
to Date
0
0
0
50,000
0
0
0
50,000
0
0
0
42,901
0
0
0
42,901
Generation
Gen - Other
Transmission
Trans - Other
Renewables
Rens - Other
Administrative
Total
Positive
Variance
0
0
0
7,099
0
0
0
7,099
Actual v.
Budget %
0%
0%
0%
86%
0%
0%
0%
86%
FlynnRCI-Total
60,000
50,000
40,000
30,000
20,000
CUMMULATIVEBUDGET
10,000
CUMMULATIVEACTUAL
11/10/15
Dec-2015
Nov-2015
Oct-2015
Sep-2015
Aug-2015
Jul-2015
Jun-2015
May-2015
Apr-2015
Mar-2015
Feb-2015
Jan-2015
-
Consultant Costs 2015
2015 Budget
Revised
Budget
Task Orders
Jan-2015
8.33%
Feb-2015
Mar-2015
Apr-2015
May-2015
Jun-2015
16.67%
25.00%
33.33%
41.67%
50.00%
Jul-2015
Aug-2015
58.33%
66.67%
Sep-2015
Oct-2015
75.00%
83.33%
Nov-2015
91.67%
Dec-2015
Total
Average
100.00%
Year-End
Notes
Projection
Navigant
Generation
General
7,500
7,500
-
-
-
-
-
3,267
-
-
-
-
-
3,500
6,767
564
6,767
SCE TO-6 et al
35,000
35,000
1,700
309
-
-
-
4,017
4,790
-
1,082
-
4,000
4,000
19,897
1,658
19,897
TRR
10,000
52,500
10,000
52,500
955
2,655
5.06%
909
1,218
7.38%
705
705
8.72%
1,090
1,090
10.80%
740
740
12.21%
1,082
8,366
28.14%
445
5,235
38.11%
1,477
1,477
40.92%
715
1,797
44.35%
44.35%
700
4,700
53.30%
700
8,200
68.92%
9,519
36,182
793
3,015
CAISO Rate Case
9,519
36,182
69%
160,000
160,000
-
13,000
13,000
132,812
11,068
132,812
40,000
40,000
Transmission
Other Trans
Renewables
Administrative
KBT
Generation
General
15,381
16,934
11,306
12,464
8,142
12,433
8,208
8,645
13,300.00
1,330
-
2,660
1,520
1,710
5,320
12,920
6,080
-
-
-
-
-
31,540
-
2,628
-
31,540
-
3,230
1,710
3,040
4,456
570
760
1,900
1,900
950.00
-
2,000
2,000
22,516
1,876
22,516
-
1,520
4,560
2,956
380
1,710
1,140
380
1,900
950
1,140
-
-
1,000
1,000
6,840
11,796
570
983
6,840
11,796
1,400
1,140
1,750
2,420
3,504
1,330
1,330
1,330
-
2,500
2,500
23,576
1,965
23,576
10,880
6,880
5,200
3,840
3,280
9,600
39,680
5,440
3,440
2,600
1,920
1,640
4,800
10,880
6,880
5,200
3,840
3,280
9,600
-
-
Gen - Other
SJGS Disposition
KBT 2015-02
Remaining
32,300
SJGS Options/Agreements
Consultants Report re Bonds
7,700
Transmission
General
50,000
50,000
Bond Opinion
Management
25,000
50,000
25,000
50,000
General
50,000
50,000
BP-16 Rate Case
KBT 2015-01
KBT 2015-05
KBT 2015-06
KBT 2015-07
KBT 2015-08
55,000
55,000
Trans - Other
7,500
25,000
KBT 2015-04 $7.5k
KBT 2015-03 $25k
Renewables
4,372.66
Rens - Other
12,800
12,800
12,800
9,600
9,600
4,640
6,240
5,440
1,440
3,200
2,000
2,000
1,840
3,280.00
4,800
Sum
BPA - OMP/IRI Cases
KBT 2015-01
KBT 2015-05
KBT 2015-06
KBT 2015-07
KBT 2015-08
10,000
10,000
-
-
-
-
-
-
-
-
-
Sum
Administrative
-
45,000
485,000
45,000
485,000
3,656
29,638
6.11%
Flynn RCI
Generation
Transmission
Trans - Other
3,393
33,596
13.04%
2,302
32,873
19.82%
4,012
28,592
25.71%
2,873
24,749
30.81%
2,146
31,969
37.41%
3,811
26,179
42.80%
6,304
21,158
47.17%
3,748.00
25,650.66
52.45%
52.45%
3,000
26,300
57.88%
3,000
26,300
63.30%
307,005
SWTP Negos
50,000
50,000
11,085
11,085
22.17%
6,710
4,911
4,840
1,330
6,270
5,700
2,055
-
-
2,000
2,000
50,000
50,000
6,710
35.59%
4,911
45.41%
4,840
55.09%
1,330
57.75%
6,270
70.29%
5,700
81.69%
2,055
85.80%
85.80%
85.80%
2,000
89.80%
2,000
93.80%
10,000
10,000
-
2,184
5,499
100,000
-
0.00%
2,184
1.99%
5,499
6.98%
6.98%
6.98%
6.98%
6.98%
6.98%
6.98%
6.98%
6.98%
6.98%
32,293
4.63%
36,998
9.93%
39,078
15.54%
29,683
19.79%
25,489
23.45%
40,334
29.23%
31,413
33.73%
22,635
36.98%
27,447
40.91%
40.91%
31,000
45.36%
34,500
50.30%
Renewables
Rens - Other
Administrative
Misc (MID etc)
Generation
Gen - Other Ferguson Group
Transmission
Trans - Other
Renewables
Administrative
Total
50,000
50/35/15
Renew
38,246
307,005
3,187
25,584
BPA - OMP/IRI Cases
Jan - Feb
Mar - Apr
May - Jun
Jul - Aug
Sep - Oct
Nov - Dec
38,246
307,005
63%
-
-
-
46,901
-
3,908
-
46,901
-
46,901
3,908
46,901
94%
7,683
2,561
7,683
SJGS DCA Advocate
7,683
640
7,683
CAISO TRR
397,771
29,239
-
110,000
10,000
697,500
597,500
2015 Budget 2015 Budget
167,500
167,500
50,000
50,000
85,000
85,000
225,000
125,000
50,000
50,000
65,000
65,000
55,000
55,000
697,500
597,500
G
G - Other
T
T - Other
R
R - Other
A
11/10/15
4,800
57,600
BP-16 Rate Case
Jan - Feb
Mar - Apr
May - Jun
Jul - Aug
Sep - Oct
Nov - Dec
397,771
57%
139,579
39,223
42,412
65,536
23,576
39,680
47,764
397,771
307,500
50,000
2015 Input
Staff Report
Date:
November 10, 2015
From:
To:
Subject:
Approval of 2016 Regular Meeting Dates
The following meeting dates are based on the customary schedule for M-S-R PPA as adjusted for
known conflicts. Commission Meetings are scheduled monthly but meetings in even-numbered
months may be cancelled unless required by emergent business.
Month
January 2016
February 2016
March 2016
April 2016
May 2016
June 2016
July 2016
August 2016
September 2016
October 2016
November 2016
December 2016
Technical
Committee
Date/Time
7 10:00 AM
4 10:00 AM
3 10:00 AM
7 10:00 AM
5 10:00 AM
8 10:00 AM
7 10:00 AM
4 10:00 AM
8 9:00 AM
6 10:00 AM
3 9:00 AM
8 10:00 AM
Technical
Committee
Location
Folsom
Folsom
Folsom
Folsom
Modesto
Folsom
Folsom
Folsom
Truckee
Folsom
Folsom
Folsom
Commission
Date/Time
Commission
Location
27 12:00 Noon
17 12:00 Noon
16 12:00 Noon
20 12:00 Noon
18 12:00 Noon
22 12:00 Noon
20 12:00 Noon
17 12:00 Noon
28 12:00 Noon
19 12:00 Noon
16 12:00 Noon
21 12:00 Noon
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Folsom
Financial Management Committee: 1:00 PM, Wednesday, May 4, 2016, in Folsom, CA
I recommend the M-S-R PPA Commission adopt the above schedule for its 2016 Regular
meetings.
2016 California JPA Meeting Calendar
BANC
Commission
(2:00 PM
4th Thurs)
CMUA
Legislative
C’tee
10:00AM
CMUA
Regulatory
C’tee
(1:00PM)
M-S-R
Technical
C’tees
M-S-R PPA
& EA
Commissions
(Noon)
NCPA
Facilities/
Pooling
C’tees
NCPA
LEC PPC
C’tee
NCPA
Public
Benefits
C’tee
Jan 27
Folsom
Jan 14
Jan 14
Jan 7
Jan 27
TBD
Jan 11
Jan 14
Feb 24
Feb 11
Feb 11
Feb 4
Feb 17
Feb 3
Feb 8
Feb 18
Mar 23
Mar 10
Mar 10
Mar 3
Mar 16
Mar 2
Mar 14
Mar 17
Mar 17/18
TBD
Apr 27
Apr 11
Apr 11
Apr 7
Apr 20
Mar 30
Apr 11
Apr 14
May 25
May 12
May 12
May 5
Modesto
May 18
May 4
May 9
May 19
Jun 22
Folsom
Jun 9
Jun 9
Jun 8
Jun 22
Jun 1
Jun 13
Jun 16
Jun 9
July 7
July 20
Jul 6
Jul 11
Jul 21
Jul 14
Aug 4
Aug 17
Aug 3
Aug 8
Aug 18
Aug 10
Aug 11
Sep 28
Aug 31
Sep 12
Sep 15
Sep 21
Ann Conf
Sep 8
Oct 19
Oct 5
Oct 10
Oct 20
Nov 3
Nov 16
Nov 2
Nov 14
Nov 17
Dec 8
Dec 21
Dec 7
Dec 12
Jul 27
Aug 24
Sep 28
Folsom
Oct 26
Nov 16
Folsom
Dec 28
Aug 11
Aug 11
Sep 8
Truckee
Oct 6
Nov
2 or 9
Nov
2 or 9
APPA Joint Action Workshop – Jan 10 – 12, 2016, San Diego, CA
NCPA Strategic Issues Conference – Jan 19 -21, 2016, Sacramento, CA
CMUA Capitol Day and Board Meeting – Feb 1 - 2, 2016, Sacramento, CA
APPA CEO Roundtable – Feb 21 – 23, 2016, Phoenix, AZ
APPA/ACWA Legislative Rally & Conference – Mar 7 - 9, 2016, Washington, DC
Revised: 11/10/15
NCPA
L&R
C’tee
NCPA
Utility
Directors
SCPPA
Board
(3rd Thurs)
TANC
Commission
(10:00 AM)
Jan 21
Jan 27
Feb 18
Feb 17
Mar 31
Mar 17
Mar 16
Apr 7
Apr 21
Apr 21
Apr 20
May 12
May 26
May 19
May 18
No meeting
Jun 22
Jul 21
July 20
Aug 18
Aug 17
Sep 15
Sep 28
Oct 20
Oct 19
Jan 7
Feb 24
May 11
Nov 30
Feb 11
NCPA
Commission
Meeting
Jan 21
Sac’to
Mar 3
Lompoc
Oct 13
Jun 23
Palo Alto
Jul 28
Murphys
Aug 25
Plumas
Sep 23
Ann Conf
Oct 27
Nov 10
Dec 1
Nov 17
Nov 16
Dec 15
No meeting
Dec 15
Dec 21
CMUA Annual Meeting – April 10 – 12, 2016, San Francisco, CA
NCPA/NWPPA Federal Policy Forum – Apr 24 - 28, 2016, Washington, DC
APPA National Conference – June 10 – 15, 2016, Phoenix, AZ
NCPA Annual Conference – Sept 20 - 23, 2016, Olympic Valley, CA
Staff Report
Date:
November 11, 2015
From:
To:
Subject:
Approval of 2016 M-S-R Public Power Agency Budget
The proposed 2016 M-S-R PPA Budget has been prepared in conformance with our Bond
Indentures and the policies and priorities established in the 2016 M-S-R PPA Strategic Plan
adopted by this Commission on September 23, 2015. A detailed enumeration of the assumptions
used to construct this budget is attached to this report.
The total expenditures under the budget will be $146.1 million which represents an decrease of
5.7% over the 2015 M-S-R PPA Budget as summarized below.
Category
Agency and Debt Admin
2015
Budget
0.7
Generation (San Juan)
88.9
Transmission (Southwest
Transmission Project)
Renewables (Big Horn I
& II)
12.4
Totals
52.9
154.9
Proposed
Percentage
2016
Comment
Change
Budget
0.6
-12.3% Includes Bond
Counsel costs re
SWTP & SJGS
dispositions
86.8
-2.4% 2015 included 50-day
scheduled Major
Maintenance Outage
6.8
-45.2%% Note effect of SWTP
disposition
51.9
-2.0% Generation reduced
based on historic
performance and costs
of ancillary services
146.1
-5.7%
Please note that the budget as proposed generates sufficient revenues to meet debt service
coverage requirements in fiscal year 2016 computed as set forth in Resolution 2014-07 regarding
the Computation of Debt Service Coverage. Staff will closely monitor the Agency’s fiscal
performance during the course of the year to assure that debt Service coverage requirements will
be met. The proposed 2016 M-S-R PPA Budget was reviewed by Member Staff in a workshop
held November 4, 2015.
I recommend the Commission adopt the proposed M-S-R Public Power Agency 2016 Budget.
M-S-RPPA2016/2017BudgetAssumptions
1. OperatingCostsandRelatedRevenues:
a. SanJuanProjectOperations:
i. RestructuringAgreementsgointoeffectonoraboutJanuary1,2016.
ii. RestructuringFee(32.22%of$8,800,000=$2,835,360)tobepaidasan
operatingexpenseonoraboutJanuary31,2016(Restructuring
Agreement§4.1and§4.2).
iii. SanJuanDemandChargetobepaidasanoperatingexpenseasfollows:
1. Anamountof$1,269,229(71.65%of$6,200,000dividedby42
andmultipliedby12)representingtheDemandChargeaccruing
betweenJanuary1andDecember31,2015andpayableonor
beforeFebruary15,2016(RestructuringAgreement§4.4).
2. Anamountof$105,769(71.65%of$6,200,000dividedby42)
payableasanoperatingexpenseeachmonthfortheperiod
January1,2016throughDecember31,2017(Restructuring
Agreement§4.4).
iv. SanJuanMineReclamationTrustFundcontributionroundedupto
$300,000permonth(8.7%of$93,217,851,less8.7%of$52,248,092,less
estimatedinvestmentearningsof$32,000atanaveragereturnof0.70%,
less$407,000collectedfromM-S-RMembersin2015notdepositedin
TrustFund,alldividedby12)fortheperiodJanuary1,2016through
December31,2016(AmendedandRestatedMineReclamationandTrust
FundAgreement§4.6andExhibit1C).
v. SanJuanMineReclamationTrustFundcontributionroundedupto
$300,000permonth(8.7%of$139,189,394less8.7%of$93,217,851,less
estimatedinvestmentearningsof$57,000atanaveragereturnof0.70%,
less$475,000collectedfromM-S-RMembersin2016notdepositedin
TrustFund,alldividedby12)fortheperiodJanuary1,2017through
December31,2017(AmendedandRestatedMineReclamationandTrust
FundAgreement§4.6andExhibit1C).
vi. Nopaymentsareassumedtobemadeineither2016or2017pursuantto
theSanJuanDecommissioningandTrustFundsAgreement§6.2
vii. ApaymentmadebyPNMtoM-S-RforSharedCoalInventoryinthe
amountofapproximately$8,230,000(8.7%of4,800,000tonsat$16.88
pertonand8.7%of600,000tonsat$22.69perton)onoraboutJanuary
31,2016(RestructuringAgreement§5.3)shallbetreatedasRevenues
(SubordinateLienIndentureofTrust§8.03(b)).Notethatthisrevenue
willbeoffsetbythevaluecarriedontheAgency’sbooksofabout$1.5
millionforthefuelinventory.
viii. FuelCostsastobeprovidedtoMIDPowerOperationsinconformance
withRestructuringAgreement§5.4,§5.5,and§5.6atapriceof$50.00
pertonwithheatcontentof9,100BTU/lbperPNMFuelsDepartment
Page1of4
ManageronOctober22,2015andplantheatrateof10,700BTU/kWh
perPNMPlantManageronOctober22,2015anddispatchedonthebasis
ofMemberSanJuanforecastsprovidedtoPNMonAugust7,2015by
DebbieBrooks.
ix. AshDisposal,StartingOilandFuelHandlingCostsastobeprovidedto
MIDPowerOperationsonthebasisofWestmorelandbidsasadjustedby
PNM(SanJuanGeneratingStation2016BudgetParticipantShareReport
forM-S-R)inconformancewithRestructuringAgreement§5.4,§5.5,and
§5.6atvaluesof$1.79/MWhand$1.81/MWhfor2016and2017
respectivelyanddispatchedonthebasisofMemberSanJuanforecasts
providedtoPNMonAugust7,2015byDebbieBrooks.
b. SouthwestTransmissionProject:
i. AlthoughsaleofMeadIntereststoLADWPexpectedtocloselateQ1
2016orearlyQ22016,budgetwillbepreparedonabasisoffullyear
participationin2016.Appropriatebudgetadjustmentswillbeproposed
totheM-S-RCommissionaftertransactioncloses.
ii. PropertyTaxes,O&M,andCapitalExpensestobebudgetedonstatusquo
basis.
iii. DebtServicepaymentstobebudgetedbasedonexistingannual
schedulesandwillbecollectedthroughthelaterofJune30,2016if
transactionclosespriortothatdate,orthedateofdefeasanceofdebt.
iv. ThepaymenttobemadebyLADWPforthepurchaseoftheMeads
Interestsintheamountofapproximately$60,000,000willbefootnoted
inthebudgetandshallbetreatedasRevenues(SubordinateLien
IndentureofTrust§8.03(b))oncereceived.Potentialusesofsuch
Revenuesmayincludedefeasementofdebt,fundingofSJGSTrusts,
placementinMCCRA,etc.orotherlawfulusesastobedeterminedand
directedbytheM-S-RCommissioninthefuture(SubordinateLien
IndentureofTrust§4.03(g)).
c. PacificNorthwestProject(BigHornIandBigHornIIWindEnergyProjects:
1. BigHornI:2016and2017windenergyproductionestimatestobe
madeonbasisoflifeofprojectproductionhistoryat520,000
MWh.(FurtheradjustmentsduetoprojectedElNiñoconditions
werenotmade.)BigHornIcontractforecastof504,000MWh
basedonlastfive-yearsofproductionmaybeheavilybiasedby
WindYear2015whichonlyproducedenergyataP-2.5level–
whereinin97.5%ofcasesproductionexceedsthatlevel.
2. BigHornII:AsthereisinsufficientproductionhistoryonBigHorn
IItomakestatisticallyvalidadjustmentsfromthecontractual
forecast,thatforecastwillbeusedasroundedto120,000MWh.
ii. VERBScostsunchangedin2016and2017perBPA-16finalrates.
Page2of4
iii. BigHornIItransmissionandancillaryservicescostsperBPA-16final
rates.NoteShortDistanceDiscountnotappliedperBPAdeterminationof
inapplicabilityifalternatedeliveriesmadeinanyhourduringaservicemonth.AssumeBPAwillmakeandapplysuchdeterminationsinall
months.
2. LegalandConsultingCosts:
a. SanJuanConsulting,Legal,andOutsideServicesBudgets:
i. SupportofSanJuannegotiationswillbeassumedtobeatalevel
consummatewithimplementingtheexistingrestructuringagreements,
preparationofexitdocuments,andnegotiationofancillaryagreements
suchasthosewithTEPtoterminateorassignthereservesharingand
exchangeagreements.Iftheimplementationoftherestructuring
agreementsisdelayedorifmajorrenegotiationsarerequired,an
appropriatebudgetaugmentationwillberecommendedatthattime.
ii. SanJuanregulatorycomplianceeffortswillcontinueregardingSB1368
reporting,CARBMRRandCap-and-TradereportsbyMembers.
iii. SupportofSanJuanoperationswillincludeparticipationandmonitoring
ofenvironmentalreviews,fuelcostallocationspertainingtoashdisposal
andminereclamationandamajorupdateoftheminereclamation
studiesrequiredundertheMineReclamationandTrustFunds
Agreement.TheSanJuanGeneratingStationBudgetwillalsorequire
closereviewtoguardagainstmis-allocationofcapital,operating,and
decommissioningcosts.
b. SouthwestTransmissionProjectConsulting,Legal,andOutsideServicesBudgets:
i. GeneralConsultingandlegalsupportwillbebasedonnominalstatusquo
levelsfortheentireyear.AttimeofClosingofsaleofMeadsInterests,if
substantialbalancesremainunspent,abudgetadjustmentmaybe
proposed.
ii. FundingofsupportoftheclosingofthesaleoftheMeadsInterestsfor
preparationoffinaldocumentswillbeshownatalevelequalto25%of
2015actualexpenditures.
iii. AsSanJuanProjectdeliverieswillcontinuethroughalternate(CAISO)
deliverypathsthrough2017,FERCmonitoringandparticipationinFERC
docketsregardingTransmissionRevenueRequirementfilingsand
otherwiseaffectingTransmission/WheelingAccessChargesincurredby
Memberswillbemaintainedingeneralathistoriclevels,butreduced
effortswillbedeployedonSCEratecasestoreflecttheterminationof
directpass-throughsofSCEcostsundertheAgency’sformertransmission
servicesagreement.Furtherreductionsineffortwillbeconsideredin
2017toreflecttheshorterremainingtermforSanJuandeliveries.
Page3of4
However,suchactivitiesmaycontinueinthefuturetoprovideeconomies
ofscaleandreductionofduplicationofeffortamongtheMembers.
c. PacificNorthwestProject(BigHornWindEnergyProjects):
i. ConsultingandlegalsupportofBP-18andpreparatoryworkshopsshall
continueatstatusquolevelsascontemplatedintheAgency’sAnnual
StrategicPlan.Provisionwillbemadeforthelong-termtransitionof
consultingpersonnelandpotentialcost-sharing/cooperationwith
LADWP.
ii. Additionaleffortmaybeindicatedintheclean-upofcertaincontractual
ambiguitiesidentifiedbytheAgencyanditscounter-partiesregardingBig
HornI.
Page4of4
:
Public Power Agency
2016 Proposed Budget
November 18, 2015
MSR PUBLIC POWER AGENCY
SUMMARY
2016 BUDGET
2015
Budget
2017
Budget
Estimate
FUNDS PROVIQED;
:
Operating Revenue
Other Revenue
154,892,147
958,000
134,724,388
326,000
146,083,913
5,765,000
141,893,218
370,000
155,850,147
135,050,388
151,848,913
142,263,218
446,840
244,000
894,500
5,023,000
929,500
6,347,700
35,997,138
15,972,550
34,234,883
14,587,000
679,942
456.250
98,000
881 ,000
3,375,100
908,800
3,838,590
29,659,500
13,526,000
29,100,000
13,000,000
280,000
453,440
143,000
645,750
5,650,000
981,750
2,050,540
35,372,088
15,503,400
36,147,287
10,146,000
643,658
456,440
95,000
669,500
5,640,000
968,000
352,000
35,372,088
15,503,400
36,104,975
10,170,000
58,675
10,081,048
680,400
24,072,500
4,642,500
124,700
10,081,048
680,400
24,072,500
4,642,500
90,000
9,557,300
494,700
24,675,000
3,530,000
8,016,315
335,500
23,955,000
4,255,000
154,892,155
134,724,388
146,083,913
141 ,893,218
957,992
326,000
5,765,000
370,000
FUNDS AfPLIEP ;
Agency Administration &General
Agency Debt Administrative
Generation Administrative & General
Generation Plant Costs
Renewable Administrative
Transmission Expenditures
Purchase Power-Big Hom 1
Generation Fuel
Generation Operation & Maintenance
Transmission Losses
Generation Capital
Transmission Capital
Interest Expense-Generation
Interest Expense-Transmission
Principal Payments-Generation
Principal Payments-Transmission
SURPLUS (QEF!CID REVENUE
Page 1
2016 Budget Summary
~AN
REYENUE FROM MEMBERS
Modesto ln'igaHcn Dlstrtct
City of Santa Clara
City of Redding
TOTAL
:,
ALLOCATED 5D/3511S
B!l!;!!i!iT l!!!i!Q!.!!!!IS l TH!!E U~ l'.!il!!!. !iND
Ran1.....,e Admlntatrati..
ALLOCATED 23149128
MID
SC
REU
Svc
SC
REU
Transmission Contracl (SCE)
ALLOCATED kWIOOO/kW
ACTUAi. VARIABLE AMOUNTS
Purehese Power-Big Hom 1
Purt:h • se Power-Big Hom 2
Generation Fuel
Transmission. Lossea
A!;IUAL AMOUNTS (OWNERSHIP SHARE)
Genandlon Operation & Maintenance
Generation Capital
Tranemisaion Capital
ALLOCATl!D 50/35/15
TOTAL
MAR
APR
MAY
JUN
J UL
NOV
OCT
SEP
A UG
DEC
TOTAL
60,052, 146
5,3 11,903 5,311,sn 5, 12 3,014 5,010,080 4.726.443
4.730.349 4,722,706 4 ,886,658 5,027,784 5,091,611
58,750,441
5 ,351,322 5,424,615 5,113,398 5,044,802 4,627,894 4,604,836 4.460.295 4 ,620 ,8 10 4 ,840.074 4 ,883,768
27,2 81,324
2,501,Qj!9 2,550,384 2,395,967 2,~,892 2,186,36 1 2, 165,949
2,050,478 2 ,11 3 ,393 2.i15,d18 2,226,939
2~12,068
2~80,425
12, 168,581 12,212 ,462 13,164,254 13,286,676 12,6 32,3 79 12.437.n 5 11,540,717 11,501,135 1 1,233,479 11 ,620,861 12 ,063,276 12 .202.318 ' 146,o83,913
B!.!!;!!i!iT AMQ!,!NI S l Ifil!E !,!P YEAR END
llgancy Administration & General
Agency Debt Admlnlstrall""
Generation lldmlnlstral1ve & General
Ge neralion Plent Costs
Tranemlsslon Eicpendllures
Interest Expenae-Transmlsalan
Principal Paymanta-Genaration
Principal Poymonts-Transmlsslon
Renewable Admln C-.Jln.Ung
ALLOCATEO 39.69/41.56118 .7 5
MID
FEB
5,097,647
4,658,865
5,012,2 76
4 ,919 ,7 61
51,003
11,91 7
53,813
470,833
170 ,878
8 18.606
46,992
2,034,167
288,333
51,003
11,917
53,813
470,833
170,878
818 .606
46,992
2 ,034,167
288,333
51,003
11,917
53,813
470,833
170,876
818,606
46,992
2,034,167
286,333
51 ,003
11,917
53,81 3
470,833
170,878
818 ,606
46 .992
2,034,167
288,333
51,003
11,9 17
53,613
4 70,633
170,6 78
818,606
46.992
2,034, 167
288,333
51.003
11,917
53,8 13
470,833
170 ,878
818,606
46 ,992
2 ,034,167
268,333
24.570
11,917
53,813
470,833
170,878
n4,278
35,458
2 ,078,333
300,000
24,570
11,9 17
53,8 13
4 70,833
170,878
774,278
35,458
2.0 78.333
300,000
24,570
11,917
53.813
470,833
170,878
774.278
35,458
2 ,078,333
300,000
24 ,570
11,917
53.813
470,833
170,878
774,278
35.458
2,078,333
300.000
24,570
11,917
53.813
470.833
170,878
n4,27 8
35,458
2,078,333
300.000
24,570
11,917
53,813
470.833
170,878
n4,278
35,458
2,078 ,333
300 ,000
4 53,440
143,000
645,750
5 .600.0 00
2.050,540
9 ,557,300
494,700
24 ,675,000
3,530,000
3.946.542
3.946.542
3.946,542
3.946.542
3 ,946,542
3,946,542
3,920,080
3,920,080
3,920,080
3,920,080
3,920 ,080
3,920 ,080
47,199,730
46,917
46,917
46,917
46,9 17
46,917
46,9 17
48,917
46,91 7
46,917
46,117
46,917
48,91 7
563,000
10.791
22,989
13,137
10 ,791
22,989
13 .137
10,791
22,989
13.137
10,791
22,989
13 ,137
10,791
22,969
13.137
10,791
22,989
13,137
10,791
22,989
13, 137
10,791
22.989
13 ,1 37
10,791
22.989
13,137
10,791
22,989
13,137
10 ,791
22,989
13 ,1 37
10 ,791
22 ,989
13 ,137
34,196
34,896
34,1116
34,181
34,196
34,IH
34,8'6
34.89$
34,896
34,196
34,818
34, IH
13.650
14,503
6,543
13 ,850
14,503
6,543
13 ,850
14,503
13,850
14,503
6 .543
13,850
14,503
6.543
13 ,850
14,503
6.543
13,850
14 ,503
6 ,543
13,850
14,!503
6,543
13 ,850
14.503
6,543
13,850
14 ,503
6,543
0
0
0
0
0
0
0
418,750
13,850
14,503
6,543
13,850
14,503
6,543
0
0
1!!;1,625
16~625
163,625
16~625
163,625
1~625
1 6~625
163,625
163,625
163,625
16~625
16~625
981,750
2,738,601
1.431.494
3 ,062,163
52,802
3,032,371
1,373,427
2,865,703
57,440
3 ,565,759
1,599,597
3 ,062, 163
53,214
3,760,961
1,636,379
2,962,393
43,422
3.264,1134
1,363,095
3.062,163
58,766
3,281.272
1,259,981
2,962,393
50,608
2 ,678 ,5 19
901,663
3,062,1 63
45,645
2 ,619 ,726
911.272
3,062,163
55,246
2 ,342,847
1.022.239
2,962.393
53,273
2,489,200
1,1 79,080
3 ,062,163
57.69 1
2,8 14 ,866
1,397,708
2.962.393
55.582
2 ,803.132
1,427,464
3 ,059.034
59,969
35,372,088
15,503,400
36, 147,287
643.658
7.i85,060
7,328,941
8,280,733
~403,1 55
7 ,748,858
7,554,254
6,687,990
§,648,~8
6,380,7~
6 ,7!!!!,134
7 ,2 30,549
7 ,349,599
87,666,433
845.500
0
9,667
855, 167
845.500
845,500
0
9,667
855, 167
845,500
845,500
0
9 ,667
655,167
845,500
0
9,667
855,167
845,500
0
5 ,333
850,833
845,500
0
845,500
0
845,500
0
845,500
0
~333
~333
~333
5,~
850.833
850.833
850,833
845,500
0
5,333
850,833
10, 146.000
0
90,000
10,236,000
0
9,667
8 55,167
0
9,667
855,167
6,543
12,250,393 12,294,275 13 ,246,0 66 13 ,368,469 12,7 14,1 91 12.5 19.587 11.622.529 11,582,946 11,315 ,290 11 ,702,672
P age 2
850,833
0
12,165,087 12.264.137 •,',.,146,083;913
2017 Budget Summary
JAN
FEB
MAR
MAY
APR
JUN
JUL
AUG
SEP
DEC
NOV
OCT
TOTAL
Bmi!!.!lii EBQM !i!liiM!H~Rs
Modesto Irrigation District
City of Santa Clara
City of Redding
TOTAL
4,910,184 4,784,821
5,129,174
5,124,221
4,722,655 4,781,380 5,214,924 5,292,665
2,163,247
2,222,190
2,452,203 2,501,658
11 ,796,087 11,788,392 12,791,348 12,923.498
4,932.379
4,974,463
2,347,079
12,253,921
4,823,757 4,566,172 4,564,971
4,909,568 4,515,671
4,488,226
2,334,086 2,143,387 2,122,848
12,067,411 11,225.230 11,176,046
4,564,560 4,726,191
4,868,410
4,344,560
4,503,083 4,723,284
2,010,521
2,073,395
2,175,436
10,919,641 11,302,669 11,767,129
4,929,930
57.924,772
4,764,998
57,235,478
2,186,918
26,732,968
11,881,846 : ' 141.11113,218
lllgiliil Al!IQ!!!ITS I TRUE UP YEAR ENg
1,914,167
409,167
24,737
7,917
57,875
470,000
29,333
728,442
20.458
1,914,167
409,167
24,737
7,917
57,875
470,000
29.333
728,442
20,458
1,914,167
409,167
24,737
7,917
57,875
470,000
29,333
728,442
20A58
1,914,167
409,167
1,914,167
409,167
456,440
95,000
669,500
5,840,000
352,000
8.016,315
335,500
23,955,000
4,255,000
3.862.00S
3,662,095
3,662.095
3,662,095
3 ,682.096
3,682,095
43,774,755
45,250
45,250
45,250
45.250
45,250
45,250
45,250
543.000
35,417
35,417
35,417
35,<417
35,417
35,417
35,417
35,417
425,000
0
0
0
0
0
0
0
0
0
0
80,667
80,867
80,687
80,667
80,667
80,867
80,667
60,667
60,667
80,667
988,000
3,032.371
1,373,427
2,820,729
0
3,565,759
1,599,597
3 ,064,127
0
3,760,961
1,636,379
2,964,293
0
3,264,834
1,363,095
3,064,127
0
3,281,272
1,259.981
2,964,293
0
2,878,519
901,683
3,054,785
0
2,619,727
911,272
3,054,785
0
2,342,847
1,022,239
2,964,293
0
2,469.200
1,179,080
3.064,127
0
2.814,888
1,397,708
2.984,293
0
2,803,131
1,427,464
3,060,996
0
35,372,088
15,503,400
36,104,975
0
7,234,222
7,226,527
8,229,483
8,361,633
7,692,056
7,505,546
6,634,963
6,585.784
6,329,379
6,712,407
7,176,867
7,291,591
86,980,463
847,500
0
0
847.500
847,500
0
0
847.500
847,500
0
0
847,500
847,500
0
0
847,500
847,500
0
0
847,500
847,500
0
0
847,500
847,500
0
0
847,500
847,500
0
0
847,500
847,500
0
0
647,500
647,500
0
0
847.500
847,500
0
0
847.500
847,500
0
0
847,500
10,170,000
0
0
10,170,000
11,796,086
11,788,391
300,000
51,337
7,917
53,708
470,000
29,333
607,611
35,458
2,078,333
300.000
51,337
7,917
53,708
470,000
29,333
607,611
35,458
2,078,333
300,000
51,337
7,917
53,708
470,000
29,333
607,611
35.458
2,078,333
300,000
51,337
7,917
53,708
470,000
29,333
607,611
35,458
2,078,333
300,000
24,737
7,917
57,871>
470,000
29,333
728,442
20,458
1,914,167
409,167
3.633,698
3,833,698
3,633,698
3,633,698
3,633,698
45,250
45,250
45,250
45,250
45.250
35,417
35,417
35,417
35,417
0
0
0
80,667
80,667
2,738,601
1,431,494
3.084,127
0
Agency Admlnlstratton & General
Agency Oebl Administrative
T,..,smission Expenditures
lntet.t Expense-Transmission
Principal Paymen1a-Oenenltlon
Prtnclpal Paymen1s-Transrnlsslon
51,337
7,917
53,708
470,000
29,333
607,611
35,458
2,078,333
300,000
61,337
7.917
53,708
470,000
29,333
607,811
35,458
2.078,333
ALLOCATS> 50/35115
3,633,898
24,737
7,917
57,875
470,000
29,333
728,442
20.458
24,737
7,917
57,875
470,000
29,333
728,442
20,458
D!.112SiCI AMOUtm1 l !B!lf; !.!!! ~B Et!~
ALLOCATED 23149128
Renewable Admin Coordinating Svc
ALLOCATED 39.69141.56/111.75
Trensmiaslon Con!raet (SCE)
ALLOCATED kW/000/kW
M!Ill&. :a.Bl6!HJ; 6MQl.!!IIll
Purchase Power-Big Horn 1
Generation Fu.I
Transmission Losses
&.!ell.I&. AMQ!.!!!D (OWNERSHP SHARE)
Generatton Operation & Maintenance
Generation Capltal
Transmlsalon Capital
ALLOCATED 50135/15
TOTAL
12.791,347 12,923,497 12,253,920 12.067,410
Page3
11,225,229 11.176.045 10,919,641
11,302,669 11 ,767,128 11,881,853' 141,8113.218
PROJECTED DEBT SERVICE CALCULATION
2017
2016
Debt Service Requirements
Series 2008L Bonds Interest Expense
Series 2008M Bonds Interest Expense
Series 2008N Bonds Interest Expense
Series 2013P Bonds Interest Expense
Series 2014Q Bonds Interest Expense
Series 20110 Bonds Interest Expense-SW
5,025,500
3,055,000
1,115,000
3,702,625
3,055,500
1,115,000
361,800
494,700
143,190
335,500
Series 2008L Bonds Prlnclpal Payment
Series 2008M Bonds Principal Payment
Series 2008N Bonds Principal Payment
Series 2013P Bonds Principal Payment
Series 20140 Bonds Interest Expense
Series 2011 O Bonds Principal Payment-SW
6,457,500
13,410,000
18,217,500
3,530,000
10,545,000
4,255,000
Total Debt Service
38,257,000
36,561 ,815
:
Operating Revenue
Other Revenue
Operating Expense
Interest Expense Included in Operating Expenses
Debt Service Principal Included In Operating Expenses
Capital included in Operating Expenses
San Juan Reclamation Trust Included In Operating Expense
Subtotal - Net Revenue
146,083,913
5,765,000
(146,083,913)
10,052,000
28,205,000
90,000
3,600,000
47,712,000
141 ,893,218
370,000
(141,893,218)
8,351,815
28,210,000
3,800,000
40,531,815
Debt Service Coverage
1.247
1.109
Required Debt Service Coverage
1.100
1.100
Net Revenue Required (110% of Debt Service)
42,082,700
40,217,997
Net Revenue
47,712,000
40,531,815
Additional Revenue Required for Coverage
15,629,300)
Page4
IJ13,818i
PROJECT FUNDS
2014-2017
2014
Balances 01/01/20XX
Checking & Investments
Reserve & Contingency
Market Adjustment
17,239,608
4,391,000
Operating Fund
Projected 2015 Projected 2016
Projected 2017
MCCRA Fund
2014
20,563,382
4,391,000
20,889,382
4,391,000
26,654,382
4,391,000
-
21,630,608
24,954,382
25,280,382
31,045,382
-
111,828,667
851,069
(3,517,629)
105,064,888
326,000
-
110,711,825
5,765,000
-
106,521,130
370,000
-
3,517,629
109,162,107
105,390,888
116,476,825
106,891,130
3,517,629
470,710
73,750
780,465
683,954
794,040
7,715,717
456,250
98,000
881,000
3,375,100
908,800
4,118,590
453,440
143,000
645,750
5,650,000
981,750
2,694,198
456,440
95,000
669,500
5,640,000
968,000
352,000
16,589,196
40,073,271
13,526,000
29,100,000
13,000,000
15,503,400
36,147,287
10,146,000
15,503,400
36,104,975
10,170,000
-
124,700
39,476,448
90,000
38,257,000
36,561,815
-
105,838,333
105,064,888
110,711,825
106,521,130
-
24,954,382
25,280,382
31,045,382
31,415,382
Funds Provided
Operating Revenue
Other Revenue
SJ Fire Insurance
Funds Applied
Agency Administration & General
Agency Debt Administrative
Transmission Expenditures
*
Generation Fuel
**
Generation Operation & Maintenance **
Purchase Power
Generation Capital
Transmission Capital
Debt Service
Depository Account Transfer
Trustee Cost of Financing
Balance 12/31/20XX
747,222
858,482
36,336,534
612,700
102,291
* Big Horn 1, excluded, all funds processed through escrow accounts
** 2014 SJ Combined
Page 5
-
3,517,629
2016 BUDGET
ACTIVITY Operating Revenue
2015
:
Account
Code
DESCRIPTION
Modesto Irrigation District
City of Santa Clara
City of Redding
YTD
ESTIMATED
ADOPTED
BUDGET
12/31/15
$67,554,959
58,919,198
28,417,990
2016
2016
JAN-JUN
BUDGET
JUL-DEC
BUDGET
2016
TOTAL •
t · BUDGEJ,:"·
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
$58,023,405 $30,866,597 $29,185,551 $60,052,148 $29,704,537 $28,220,235
52.471,180 30,712,764 28,037,676 58,750,441 29,895,656 27,339,821
24,229,802 14,322,766 12,958,558 27,281 ,324 14,020,464 12,712,504
$57,924,772
57,235,478
26,732,968
$154,892,147 $134,724,388 $75,902, 127 $70, 181,786l·$146,083,~13! $73,620,657 $68,272,580 $141 ,893,218
Page6
2016 BUDGET
ACTIVITY Other Revenue
2015
Account Code
DESCRIPTION
:
750130.4190000 Interest Income - General Fund
Interest Income - Transmission
750131 .4190000 Interest Income - Reserve Funds
Clear Air Act Allowance
Inventory Payment
Mar1<etplace Connection Allocation
San Juan Restructing Fee
Note:
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
$160,000
0
150,000
0
648,000
0
$176,000
0
150,000
0
0
0
2016
2016
JAN-JUN
BUDGET
JUL-DEC
BUDGET
2016
TOTAL ..
BJLDGET '
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTE
DBUDGET
$170,000
0
200,000
0
0
8,230,000
0
0
(2,835,000)
$85,000
0
100,000
0
0
$185,oool:°ss.165.oool
$85,000
0
100,000
0
8,230,000
0
(2,835,000)
$85,000
0
100,000
0
$170,000
0
200,000
0
0
$85,000
0
100,000
0
0
0
s185,ooo
s18s,ooo
$370,000
0
0
Inventory Payment and San Juan Restructuring Fee expected to be netted in PNM invoicing processes.
$958,000
Page7
S32s.ooo ss.580.000
2016 BUDGET
ACTIVITY Generation Operation & Maintenance
2015
Account Code
301302.xxxxxxx
301302.xxxxxxx
DESCRIPTION
San Juan Coal & Fuel
San Juan Operation & Maintenance
ADOPTED
BUDGET
YTD
ESTIMATED
12131/15
2016
2016
JAN-JUN
BUDGET
JUL·DEC
BUDGET
2016
TOTAL
BUOGET '.
2017
2017
2017
JAN.JUN
BUDGET
JUL·DEC
BUDGET
PROJECTED
BUDGET
$34,234,863
14,587,000
$29,100,000 $17,976,978 $18,170,309 $36,147,287 $17,941,696 $18,163,279 $36,104,975
13,000,000 5,073,000 5,073,000 10,146,000 5,085,000 5,085,000 10,170,000
$48,821,863
$42,100,000 $23,049,978 $23,243,309f$46,293,28,7! $23,026,696 $23,248,279 $46,274,975
No Schedule Outages for 2016 or 2017
Page8
2016 BUDGET
ACTIVITY Generation Plant Cost
2015
Account Code
DESCRIPTION
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
JAN-JUN
BUDGET
2016
2016
2017
JAN-JUN
JUL-DEC
TOTAL
1
BUDGET ' BLIDGETA BUDGET
2017
2017
JUL-DEC
BUDGET
PROJECTED
BUDGET
:.
302301.9230000 San Juan Audit Fees
301303.4081000 San Juan Property Taxes
San Juan Demand Charge
San Juan Reclamation Trust
San Juan Decommssion Trust
0
385,000
635,000
1,800,000
0
0
770,000
1,270,000
3,600,000
0
$3,375, 100 s2,825,ooo $2,825,ooo! . $5,650,000! $2,820,000 $2,a20,ooo
$5,640,000
10,100
765,000
0
2,600,000
0
5,000
746,000
1,272,000
3,000,000
0
$5,023,000
Page9
5,000
385,000
635,000
1,800,000
0
5,000
385,000
635,000
1,800,000
0
10,000
770,000
1,270,000
3,600,000
0
0
385,000
635,000
1,800,000
0
2016 BUDGET
ACTIVITY Transmission
2015
Account Code
DESCRIPTION
Mead-Adelanto Operation & Maintenance
Mead-Phoenix Operation & Maintenance
Property Taxes (M-P, M-A)
405302.5650000 Transmission Contract (LDWP)
406316.5650000 Transmission Contract (SCE)
402312.5650000 Transmission Losses (WALC)
403302.xxxxxxx
401302.XJOOOOOC
ADOPTED
BUDGET
YTD
ESTIMATED
12/31115
$418,900
317,660
209,000
739,140
4,023,000
679,942
$6,387,642
$327,000
290,000
210,000
739,140
1 ,751,250
280,000
2016
2016
JAN-JUN
BUDGET
JUL-DEC
BUDGET
$173,900
119,300
105,000
369,570
0
316,252
$3,597,390 $1,084,022
Page 10
$173,900
119,300
105,000
369,570
0
327,406
201i3
TOTAL
BUDGET···
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
$347,800
238,600
210,000
739,140
0
643,658
$0
0
0
0
0
0
$0
0
0
0
0
0
$0
0
0
0
0
0
$1,095, 1761 $2; 179, 198l
$0
$0
$0
2016 BUDGET
ACTIVITY Purchase Power
Account Code
DESCRIPTION
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
JAN-JUN
BUDGET
2016
JUL-DEC
BUDGET
I
2016
TOTAL
BUDGET..
2017
JAN-JUN
BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTED
BUDGET
:
504313.55500xx Purchase Power-Big Hom 1
504313.5550012 Purchase Power-Big Hom 2
$35,997,136
15,972,550
$29,659.500 $19,643,798 $15,728,290 $35,372,088 $19,643,798 $15,728,290 $35,372,088
13,526,000 8,663,973 6,839,427 15,503,400 8,663,973 6,839,427 15,503,400
$51,969,688
$43, 185,500 $28,307,771 $22,567, 717f $50,875,488! $28,307,771 $22,567,716 $50,875,488
Page 11
2016 BUDGET
ACTIVITY Agency Administration & General
2015
Account Code
701202.9250000
701206.9210000
701 207.9210000
701 209.9230000
701301 .9230000
710310.9230000
701315.9230000
DESCRIPTION
General Insurance
Postage
Office Supplies
Registration License
Audit Fees
Administration Services
Bank Fees
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
2016
2016
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
TOfAL
BUDJiET
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
$1i0,000
200
200
9,000
72,000
90,000
6,000
$114,000
50
100
10,000
70,000
92,000
4,000
$115,000
100
100
5,500
57,600
46,000
2,000
$287,400
$290, 150
$226,300
Page 12
$0
100
100
5,500
14,000
46,000
2,000
$115,000
200
200
11,000
71 ,600
92,000
4,000
$116,000
100
100
5,500
57,600
47,000
2,000
$0
100
100
5,500
14,000
47,000
2,000
$116,000
200
200
11,000
71,600
94,000
4,000
$61.1001 · . ~.ooo!
$228,300
$68,700
$297,000
2016 BUDGET
ACTMTV Agency Debt Administrative
2015
Account Code
DESCRIPTION
:
702204.9230000
702208.9230000
702303.9230000
702303.9230001
702308.9230000
702314.9230000
Arbitrage Rebate
Remarketing Fees
Bond Counsel
Bond Counsel-Other
Financial Services
Trustee Fees
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
2016
2016
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
TOTAL
BUDGET
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
$5,000
0
10,000
150,000
47,000
32,000
$0
0
500
26,500
43,000
28,000
$0
0
5,000
25,000
28,500
15,000
$0
0
5,000
25,000
26,500
15,000
$244,000
$98,000
$71,500
s11,sool -
Page 13
30,000
$0
0
5,000
0
26,500
16,000
$0
0
5,000
0
26,500
16,000
$0
0
10,000
0
53,000
32,000
s 143,oool
$41,soo
$47.500
$95,000
$0
0
10,000
50,000
53,000
2016 BUDGET
ACTIVITY Consulting/Engineering
2015
Account Code
DESCRIPTION
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
2016
2016
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
TOTAL
BUDGET·
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
!
302304.9230000
302304.9230001
407304.9230000
407304.9230001
503304.9230000
503304.9230001
701304.9230000
701304.9230001
Generation
Generation-Other
Transmission
Transmission-Other
Renewable
Renewable -Other
Administrative & General
Administrative & General-Other
$167,500
50,000
85,000
125,000
50,000
65,000
55,000
0
$145,200
39,300
42,600
75,200
21,300
46,000
54,000
0
$50,000
0
32,500
25,000
25,000
40,000
27,500
0
$50,000
0
$597,500
$423,eoo
$200,000
Page 14
25,000
25,000
40,000
27,500
0
$100,000
0
65,000
50,000
50,000
80,000
55,000
0
$60,000
0
15,000
0
25,000
30,000
27,500
0
$50,000
25,000
15,000
0
25,000
30,000
27,500
0
$100,000
25,000
30,000
0
50,000
60,000
55,000
0
$200,000!
$400,ooo!
$147,500
s112,soo
$320,000
32,500
2016 BUDGET
ACTIVITY Coordinaiing Services
Account Code
DESCRIPTION
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
JAN-JUN
BUDGET
2016
JUL-DEC
BUDGET
2016
TOTAL
BUOGET..:,_
2017
JAN-JUN
BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTED
BUDGET
!
302311.5560000 Generation
Transmission
503311 .5560000 Renewable
$247,500
$246,500
$125,625
$125,625
$251,250
$127,500
$127,500
0
0
0
0
0
0
0
0
412,500
411 ,000
209,375
209,375
418,750
212,500
212,500
425,000
0
0
0
0
0
0
0
0
$660,000
$657,500
$335,ooo
$67'.0,oool
$340.ooo
$340,ooo
$680,000
$255,000
Coordinator costs are allocated to projects (San
Juan, Big Horn 1 and Big Hom 2) based on work-load
(contrac1 count) and sub-allocated to members based
on participating in each project. In total this results In
39.69%-Modesto/41.56%-Santa Clara/18. 75%-Redding
allocations of total Coordinator costs.
Page 15
$335.oool
2016 BUDGET
ACTIVITY General Counsel
2015
Account Code
DESCRIPTION
ADOPTED
BUDGET
:
302305.9230000
407305.9230000
503305.9230000
701305.9230000
Generation
Transmission
Renewable
YTD
ESTIMATED
12/31/15
2016
2016
2016
2017
2017
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
TOTAL
BUDGET
JAN-JUN
BUDGET
JUL-DEC
BUDGET
PROJECTED
BUDGET
$180,000
30,000
2,000
30,000
$185,600
21,200
1,000
27,300
$20,000
10,000
1,000
10,000
$20,000
10,000
1,000
10,000
$40,000
20,000
2,000
20,000
$32,500
1,000
1,000
10,000
$32,500
1,000
1,000
10,000
$65,000
2,000
2,000
20,000
$242,000
$235,100
$41 .000
$41.oool . $82,00()!
$44,soo
$44,500
$89,000
Page 16
2016 BUDGET
ACTIVITY General Maina;ger
Account Code
302306.9230000
407306.9230000
503306.9230000
701306.9230000
DESCRIPTION
Generation
Transmission
Renewable
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31115
2016
JAN-JUN
BUDGET
2016
JUL-DEC
BUDGET
2016
2017
TOTAL ·I1 JAN-JUN
BUDGET< BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTED
BUDGET
$160,000
40,000
40,000
60,000
$174,300
26,300
24,800
60,300
$80,000
10,000
25,000
35,000
$80,000
10,000
25,000
35,000
$160,000
20,000
50,000
70,000
$80,000
10,000
25,000
35,000
$80,000
10,000
25,000
35,000
$160,000
20,000
50,000
70,000
$300,000
$285,100
$150,000
$150.0001
$300,000J
$150,000
$150,000
$300,000
Page 17
2016 BUDGET
ACTIVITY Outside Legal Services
Account Code
302309.9230000
302309.9230001
407309.9230000
407309.9230001
503309.9230000
503309.9230001
701309.9230000
701309.9230001
DESCRIPTION
Generation
Generation-Other
Transmission
Transmission-Other
Renewable
Renewable -Other
Administrative & General-Other
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
JAN-JUN
BUDGET
2016
JUL-DEC
BUDGET
$45,000
$30,000
350,000
10,000
55,000
285,000
5,000
0
$36,200
$40,400
348,300
7,600
49,300
337,400
5,500
$22,500
$15,000
175,000
5,000
27,500
150,000
2,500
o
o
$780,000
$824,700
$397,500
Page 18
2016
2017
TOTAL
JAN-JUN
BUDGl:T I BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTED
BUDGET
$45,000
$30,000
350,000
10,000
55,000
300,000
5,000
0
$20,000
$2,500
150,000
0
27,500
150,000
2,500
0
$20,000
$2,500
150,000
$397,500 . . $795,000
$352,500
$352,500
$22,500
$15,000
175,000
5,000
27,500
150,000
2,500
0
o
27,500
150,000
2,500
0
$40,000
$5,000
300,000
0
55,000
300,000
5,000
o
$705,000
2016 BUDGET
ACTIVITY Outside Service
Account Code
302312.9230000
407312.9230000
503312.9230000
701312.9230000
DESCRIPTION
Generation
Transmission
Renewable
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31/15
2016
JUL-DEC
BUDGET
2016
JAN-JUN
BUDGET
2016
TOTAL
BUDGET
2017
JAN-JUN
BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTED
BUDGET
$13,500
$13,500
$9,250
$9,250
$18,500
$9,250
$9,250
0
0
0
0
0
0
0
0
17,500
8,440
18,000
19,000
11,750
4,220
11,750
4,220
23,500
8,440
11 ,750
4,220
11 ,750
4,220
23,500
8,440
$39,440
$50,500
$25,220
$25,220 .·
$50,440
$25,220
$25,220
$50,440
Page 19
$18,500
2016 BUDGET
ACTIVITY Travel & Meetings
Account Code
DESCRIPTION
302203.9210000 Generation
Transmission
503203.921 0000 Renewable
701203.921 0000 Administrative & General
2015
ADOPTED
BUDGET
YTO
ESTIMATED
12/31/15
2,500
1,000
$0
0
0
0
$4,500
$0
$1,000
0
2016
JAN-JUN
BUDGET
2016 ..;;·
2016
JUL-DEC
BUDGET
TOTAL
JlUO'G ET
2017
PROJECTED
BUDGET
2017
JUL-DEC
BUDGET
2017
JAN-JUN
BUDGET
$1,000
$500
$500
$1,000
$500
$500
0
0
0
0
0
0
1,250
500
1,250
500
2,500
1,000
1,250
500
1,250
500
2,500
1,000
$2,250
$2,2501
$4,5001
$2,250
$2,250
$4,500
2015 San Juan Tour (not funded)
2016 Big Hom Tour (not funded)
Page20
2016 BUDGET
ACTIVITY Oiher Expenditures
Account Code
750160.427xxxx
750160.427xxxx
100000.221xxxx
100000.221xxxx
DESCRIPTION
Interest Expense-Transmission
Principal Payments-Generation
Principal Payments-Transmission
2015
ADOPTED
BUDGET
YTD
ESTIMATED
12/31 /15
2016
JAN-JUN
BUDGET
2016
JUL-DEC
BUDGET
2016
TOTAL ..
BUDGET.
2017
JAN-JUN
BUDGET
2017
JUL-DEC
BUDGET
2017
PROJECTE
D BUDGET
$10,081,048
680,400
24,072,500
4,642,500
$10,081,048 $4,911,635 $4,645,665
212,750
281 ,950
680,400
24,072,500 12,205,000 12,470,000
1,730,000
1,800,000
4,642,500
$9,557,300 $3,645,665 $4,370,650
494,700
212,750
122,750
24,675,000 12,470,000 11,485,000
2,455,000
3,530,000
1,800,000
$8,016,315
335,500
23,955,000
4,255,000
$39.476,448
$39,476.448 $19, 128,585 $19, 120,415
I$38,257,oool $18, 128.415 $18,433,400
$36,561,815
Page21
2016 BUDGET
ACTIVITY
Account Code
Generation Capital
DESCRIPTION
901302.3000000 San Juan Capital
950302.3000000 Mead-Phoenix Capital
951302.3000000 Mead-Adelanto Capital
2015
YTD
ADOPTED ESTIMATED
BUDGET
12/31/15
2016
2016
2016
2017
JAN-JUN
BUDGET
JUL-DEC
BUDGET
TOTAL
BUDGJ;J
JAN-JUN
BUDGET
$0
55,430
3,245
$0
114,700
10,000
$0
$0
0
58,000
0
$58,675
$124,700
$58.000
Page22
32,000
$0
0
90,000
S32.ooo! · · soo.ooo!
2017
2017
JUL-DEC PROJECTED
BUDGET
BUDGET
$0
$0
$0
0
0
0
0
0
0
$0
$0
$0
2016 MSR PURCHASE POWER BUDGET
JAN
APR
MAY
JUN
JUL
AUG
NOV
~
SEP
TOTAL
DEC
3,062,163
2,865,703
3,062,163
2,962,393
3,062,163
2,962,393
3,062,163
3,062,163
2,962,393
3,062,163
2,962,393
3,059,034
36,147,287
61,595
61,595
61,595
61,595
61,595
61,595
61,595
61,595
61,595
61,595
61,595
61,595
739,140
0
0
0
0
0
0
0
0
0
0
0
0
0
52,802
57,440
53,214
43,422
58,766
50,608
45,645
55,246
53,273
57,691
55,582
59,969
643 ,658
I
2,738,601
3,032,371
3,565,759
3,760,961
3,264,834
3,281,272
2,678,519
2,619,727
2,342,847
2,469,200
2,814,866
2,803,131
35,372,088
RENEWABLE, Big Hom II
1,431,494
1,373,427
1,599,597
1,636,379
1,363,095
1,259,981
901,663
911,272
1,022,239
1,179,080
1,397,708
1,427,464
15,503,400
TOTAL MSR
7,346.655
7,390,536
8,342,328
8,464,750
7,810,453
716151849
6z7491586
6,710,003
6,442,347
6,829,729
7,292,144
7,411,1 93
88,405,573
SANJUAN
LDWP
SCE
WALC
RENEWABLE, Big Hom
:
MAR
FEB
Page23
SANJUAN
Energy
Btu/KWh: 10700
MMBtu/Ton: 18.2
Base {$/MMBtu): 2.747
Iner. ($/MMBtu}: O
O&M Adder_t$/MW'1}; 1.79
(See Note 1 below)
Coal
APR
MAY
,lYN
JUL
AUG
§gf
OCT
NOV
DEC
44,000
0
44,000
42,600
0
42,600
44,000
0
44,000
42,600
0
42,600
44,000
0
44,000
44,000
0
44,000
42,600
0
42,600
44,000
0
44,000
42,600
0
42,600
44,000
0
44,000
519,600
0
519,600
35,400
0
35,400
37,800
0
37,800
36,600
0
36,600
37,800
0
37,800
36,600
0
36,600
37,800
0
37,800
37,800
0
37,800
36 ,600
0
36,600
37,800
0
37,800
36,600
0
36,600
37,800
0
37,800
446,400
0
446,400
16,400
0
16,400
15,300
0
15,300
16,400
0
16,400
15,800
0
15,800
16,400
0
16,400
15,800
0
15,800
16,400
0
16,400
16,400
0
16,400
15,800
0
15,800
16,400
0
16,400
15,800
0
15,800
16,300
0
16,300
193,200
0
193,200
TOTALMWh
98,200
91,900
98,200
95,000
98,200
95,000
98,200
98,200
95,000
98,200
95,000
98,100
1,159,200
Base (Tons)
Iner. (Tons}
Total MID (Tons)
25,868
0
25,868
24,222
0
24,222
25,868
0
25,868
25,045
0
25,045
25,868
0
25,868
25,045
0
25,045
25,868
0
25,868
25,868
0
25,868
25,045
0
25,045
25,868
0
25,868
25,045
0
25,045
25,868
0
25,868
305,478
0
305,478
SNCL Base (Tons)
Iner. (Tons}
Total SNCL (Tons)
22,223
0
22,223
20,812
0
20,812
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
262,445
0
262,445
REDD Base (Tons)
Iner. (Tons)
Total REDD (Tons)
9,642
0
9,642
8,995
0
8,995
9,642
0
9,642
9,289
0
9,289
9,642
0
9,642
9,289
0
9,289
9,642
0
9,642
9,642
0
9,642
9,289
0
9,289
9,642
0
9,642
9,289
0
9,289
9,583
0
9,583
113,586
0
113,586
57,733
54,029
57,733
55,852
57,733
55,852
57,733
57,733
55,852
57,733
55,852
57,674
681,509
JAN
FEB
44,000
0
44,000
41,200
0
41,200
SNCL Base (MWh}
Iner. (MWh)
Total SNCL {MWh)
37,800
0
37,800
REDD Base (MWh}
Iner. (MWh)
Total REDD (MWh)
MID
MID
Base (MWh}
Iner. {MWh)
Total MID {MWh}
TOTAL Tons
Dollars
MAR
TOTAL
Base{$)
Iner.{$}
O&M Adder($)
Total MID($)
1,293,281 1,210,989 1,293,281 1,252,135 1,293,281 1,252,135 1,293,281 1,293,281 1,252, 135 1,293,281 1,252, 135 1,293,281 15,272,496
0
0
0
0
0
0
0
0
0
0
0
0
0
73,748
78,760
76,254
78,760
76,254
78,760
76,254
78,760
76,254
78,760
930,084
78,760
78,760
1,372,041 1,284,737 1,372,041 1,328,389 1,372,041 1,328,389 1,372,041 1,372,041 1,328,389 1,372,041 1,328,389 1,372,041 16,202,580
SNCL Base($)
Iner.($)
O&M Adder ($l
Total SNCL ($)
1,111,048 1,040,504 1,111,048 1,075,801 1, 111,048 1,075,801 1,111,048 1, 111,048 1,075,801 1,111,048 1,075,801 1,111,048 13, 121,044
0
0
0
0
0
0
0
0
0
0
0
0
0
67,662
65,514
67,662
799,056
67,662
65,514
67,662
67,662
65,514
67,662
63,366
67,662
65,514
1,178,710 1,103,870 1,178,710 1,141,315 1,178,710 1,141,315 1,178,710 1,178,710 1,141,315 1,178,710 1,14 1,315 1,178,710 13,920,100
MID
REDD Base ($}
Iner.{$)
O&M Adder ($l
Total REDD($)
TOTAL Coat$
TOTAL O&M Adder$
TOTAL$
482,056
0
29,356
511,412
449,709
0
27,387
477,096
482,056
0
29,356
511,412
464,407
0
28,282
492,689
482,056
0
29,356
511,412
464,407
0
28,282
492,689
482,056
0
29,356
511,412
482,056
0
29,356
511,412
464,407
0
28,282
492,689
482,056
0
29,356
511,412
464,407
0
28,282
492,689
479,106
0
29,177
508,283
5,678,779
0
345,828
6,024,607
2,886,385 2,701,202 2,886,385 2,792,343 2,886,385 2,792,343 2,886,385 2,886,385 2,792,343 2,886,385 2,792,343 2,883,435 34,072,319
175,778 164,501
175,778 170,050 175,778 170,050 175,778 175,778 170,050 175,778 170,050 175,599 2,074,968
3,062,163 2,865,703 3,062,163 2,962,393 3,062,163 2,962,393 3,062,163 3,062,163 2,962,393 3,062,163 2,962,393 3,059,034 36,147,287
Page 24
LOWE Adel~nto-Mid12ofnt (22§ MW}
$
MID
SNCL $
REDD$
Scheduling Fee
Transmission Service
TOTAL$
~
SQE Mig122iffi-Mill'.tlli!ll (7~ MW)
Rate: $4.47/kW-Month (5) MID
$
SNCL $
REDD$
SCE Contract
ISO Related Cha!'.lles {2l
TOTAL$
WALC Westwjag-Meag (]~O MW}
MID
$
SNCL $
REDD$
Loss Pa)!ment
TOTAL$
Renewable Power (PPM} Big Hom I
12.5% of contract.
MID
MWh
52.5% of contract.
SNCL MWh
35.0% of contract.
REDD MWh
TOTAL MWh (3l
Dollars (Energy+ F&S)
Dollars (WIC Rate)
~
FEB
MAR
APR
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
0
0
0
0
0
0
0
0
0
MAY
.!Y!I
JUL
AUG
SEP
OCT
NOV
DEC
TOTAL
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
30,798
21,558
9,239
369,576
258,696
110,868
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
575
61,020
61,595
6,900
732,240
739,140
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,086
24,128
588
30,552
26,251
637
28,305
24,316
593
23,097
19,844
481
31,258
26,853
655
26,919
23, 128
561
24,279
20,858
508
29,386
25,245
615
28,337
24,346
590
30,686
26,362
643
29,565
25.401
616
31,900
27.405
664
342,370
294,137
7,1 51
52,802
52,802
57,440
57,440
53,214
53,214
43,422
43,422
58,766
58,766
50,608
50,608
45,645
45,645
55,246
55,246
53,273
53,273
57,691
57,691
55,582
55,582
59,969
59,969
643,658
643,658
4,999
20,994
13,996
39,988
5,586
23,461
15,641
44,688
6,653
27,942
18,628
53,223
7,043
29,582
19,721
56,346
6,051
25,414
16,943
48,408
6,084
25,552
17,035
48,671
4,878
20,489
13,659
39,027
4,761
19,995
13,330
38,086
4,207
17,669
11,780
33,656
4,460
18,731
12,487
35,678
5,151
21,634
14,423
41 ,208
5,128
21,536
14,357
41,021
65,000
272,999
182,000
519,999
MID
$
SNCL $
REDD$
316,555 353,765 421,325 446,050 383,209 385,291
308,945 301.498 266.428 282,432 326,223 324,729 4,116,450
1,309,588 1,463,524 1,743,020 1,845,307 1,585,335 1,593,949 1,278,105 1,247,297 1,102,2 11 1,168,421 1,349,521 1,343,402 17,029,678
734,808 778,947 899,722 895,601 11,353,160
873,058 975,682 1,162,014 1,230,204 1,056,890 1,062,632 852,070 831,531
MID
$
SNCL $
REDD$
TOTAL$
29,925
29,925
359,100
29,925
29,925
29,925
29,925
29,925
29,925
29,925
29,925
29,925
29,925
125,685 125,685 125,685 125,685 125,685 125,685 125,685 125,685 125,685 125,685 125,685 125,685 1,508,220
83,790
83,790 1,005,480
83,790
83,790
83,790
83,790
83,790
83,790
83,790
83,790
83,790
83,790
2,738,601 3,032,371 3,565,759 3,760,961 3,264,834 3,281,272 2,678,519 2,619,727 2,342,847 2,469,200 2,814,866 2,803,131 35,372,088
Page25
.wt
.EU.
ld6B
6ER
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
TOTAL
Renowablt POVJ!r CPl'Ml Big Hom II
65.0% of controol.
36.0% of contraoL
0.0% ol contract.
Ml[) MW~
SNCl MWh
8,601
7,351
6,934
6,30S
4,120
4,118
4,865
6,812
7,148
7,326
6.997
8.376
7MOO
3,!158
3,768
4,510
4,631
3,734
3,39$
2,218
2,250
2,614
3,129
3,847
42,000
3.945
{)
0
0
0
0
0
0
0
0
0
0
0
0
REDO .,;M;;W;h;.,..=.,,...,=----..,..,.=~-.=,,.;--=,.,;;-....,.=;;---:,,,.,,..;;.--..~;.-.....,=,i---~d-~..,,;~-=,.;.--=,,,,:-....,.=;.-.....,==""
12,8117
13,232
10,668
9,700
6,338
6,428
7,469
8,941
10,992
11,271
11,:l09
10,764
120.000
TOTAL MWh 13!
)olla" (Energy• s.,, Note 4 MID $
SNCl $
Dollars (WIC Rate)
781).8!:>4 8.313,240
420,460 4,476.360
748,730
401,547
892,741
480,708
916.649
49M80
7'39.014
397,931
671,990
361.841
4$9,084
2311.430
517,458
278.831
619.4115
239,793
333.5~
761,513
410,1145
MID $
SNCL $
48,100
25.900
48,100
25,900
48,100
2.5,900
48,100
26,900
48,100
26,900
48,100
2S.900
44!,100
25,900
46,100
25,900
46,100
25,900
48,100
26,900
46,100
25,900
48,100
2S.900
$
SNCl $
96.898
98,8$8
53,2.53
96,8$8
53,2.53
98,8$8
53,2.53
98.898
53,253
98,898
53,253
98,898
98,698
9e,698
53,253
53,253
53,253
98.898
53.253
98,898
53.253
53,253
98.898 1,188,770
53.253
6;1U,030
TOTALS
1,481.494 1,373.427 1,699,697 1,636,379 1,363.095 1,259,9&1
901,663
IMSRTOTAL
7,348,tl65 7,390,538 8,342,328 8,484,750 7,810,453 7,615,849 6,749,588 6,710,003 6,442,347 8,829,7211 7.2112.144 7,411,1113 S&,405.573
)Qllaio (Transmis.eion $en/ice MIO
NOTES:
44S,329
783,473
421,870
577.200
310.B<lO
911.272 1.022.239 1,179.080 1,397,708 1.427.464 IS.503,400
(1) All coal numbert (bas& 0()31 ptlo&., it'lcrem&t'UI co&I price, Ul'lit heat nrte. coal grads. allocation. and 0 & Madder (501 aoc:oun~)) updated as. per Martin Hopper via
emoitdolod 10!<8/2015(sproa<lsheel 'M-S-RPPA2016 PIJrcllose Power Budget Input Rev 1~28·15.><bx'). TheO&Madderls for fuel related O&M cost charged to
FERC 601 accounts lncludlng OU. Ash & GypsUl'l'I Oist)°'4U at1d Fl.11&1 Hat1dlit1g as per Msrtin Hopper vi.a praviously noted email and spr9.9dsheel
(2) SCE ISO Related Cha111es • No longer a1>1>lkable under MRTU
(S) RMewablo PoliWr pmjec:ted ourput fOteieast e-nd prk:ing projections fOf 2015 &2016 11e PtJ'f' Martin Hopper am11il dltted 10!20/2015 (ep1'98deheiet 'Big Hom ~ojection~
2016.xlox")
(4) 8ig Hofn 11 Doll~~ ;ncfvde $/M'Wh cha1'94'8 fof Ene19y per PPA Annex H. Assumes esca!atlon of 2% on $15/MWh effective 1·1·11; Redellvery per RA Section 2.6.1;
Transmission Losses.RA Secdon 2.6.3 - as.sum6s SPATS lncr11inentaJ RaplaoeMet'lt Powet al $60/MWh; Qfld Openating- ReseMs pet AA Section 2.6A
(5) SCE c:onln>cl ...umed ended by 11112016 for all membe«.
NOTE BY AB. 10/28/2014
Ae per cell from Cindy Worley, deleted gmeratlon %'3 In column A from SCE and WALC trans.
2017 MSR PURCHASE POWER BUDGET
3,064,127 2,820,729 3,064,127 2,964,293 3,064,127 2,954,293 3,054,785 3,054,785 2,964,293 3,064,127 2,964,293 3,060,995
SANJUAN
36,104,975
LDWP
0
0
0
0
0
0
0
0
0
0
0
0
0
SCE
0
0
0
0
0
0
0
0
0
0
0
0
0
WALC
0
0
0
0
0
0
0
0
0
0
0
0
0
2,738,601 3,032,371 3,565,759 3,760,961 3,264,834 3,281,272 2,678,519 2,519,727 2,342,847 2,469,200 2,814,866 2,803,131
35,372,088
RENEWABLE, Big Horn
=
I
RENEWABLE, Big Horn II 1,431,494 1,373,427 1,599,597 1,636,379 1,363,095 1,259,981
TOTAL MSR
911,272 1,022,239 1,179,080 1,397,708 1,427,464
15,503,400
7,234,222 7,226,527 8,229,483 8,361,633 7,692,056 7,505,546 6,634,968 6,585,784 6,329,379 6,712,407 7,176,867 7,291,591
86,980,463
Page27
901,663
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
~
TOTAL
SANJUAN
Energy
44,000
0
44,000
40,000
0
40,000
44,000
0
44,000
42,800
0
42,600
44,000
0
44,000
42,600
0
42,600
43,800
0
43,800
43.800
0
43,800
42,600
0
42,600
44,000
0
44,000
42,600
0
42,600
44,000
0
44,000
518,000
0
518,000
37,800
0
37,800
35,400
0
35,400
37,800
0
37,800
36,600
0
36,600
37,800
0
37,800
36,600
0
36,600
37,800
0
37,800
37,800
0
37,800
38,600
0
38,800
37,800
0
37,800
36,600
0
36,800
37,800
0
37,800
446,400
0
448.400
16,400
0
16,400
15,000
0
15,000
16,400
0
16,400
15,800
0
15,800
16,400
0
16,400
15,800
0
15,800
18,300
0
16,300
16,300
0
16,300
15,800
0
15,800
16,400
0
16,400
15,800
0
15,800
16,300
0
16,300
192,700
0
192,700
TOTALMWh
98,200
90,400
98,200
95,000
96,200
95,000
97,900
97,900
95,000
98,200
95,000
98,100
1,157,100
Base (Tons)
Iner. (Tons)
Total MID (Tons)
25,888
0
25,868
23,518
0
23,516
25,868
0
25,868
25.045
0
25,045
25,868
0
25,868
25,045
0
25,045
25,751
0
25,751
25,751
0
25,751
25,045
0
25,045
25,868
0
25,868
25,045
0
25,045
25,868
0
25,868
304,538
0
304,538
SNCL Base (Tons)
Iner. (Tons)
Total SNCL (Tons)
22,223
0
22,223
20,812
0
20,812
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
21 ,518
0
21,518
22,223
0
22,223
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
21,518
0
21,518
22,223
0
22,223
262,445
0
262,445
REDD Base (Tons)
Iner. (Tons)
Total REDD (Tons)
9,642
0
9,642
8,819
0
8,819
9,642
0
9,642
9,289
0
9.289
9,642
0
9,642
9,289
0
9 ,289
9,583
0
9,583
9,583
0
9 ,583
9,289
0
9,289
9,642
0
9 ,642
9,289
0
9 ,289
9,583
0
9,583
113,292
0
113,292
TOTAL Tons
57,733
53,147
57,733
55,852
57,733
55,852
57,557
57,557
55,852
57,733
55,852
57,674
680,275
Base($)
Iner. ($)
O&M Adder ($)
Total MID($)
1,293,281
0
79,640
1,372,921
1,175,692
0
72,400
1,248,092
1,293,281
0
79,640
1,372,921
1,252,135
0
77,106
1,329,241
1,293,281
0
79,640
1,372,921
1,252,135
0
77,106
1,329,241
1,287,432
0
79,278
1,386,710
1,287,432
0
79,278
1,366,710
1,252,135
0
77,106
1,329,241
1,293,281
0
79,640
1,372,921
1,252,135
0
77,108
1,329,241
1,293,281
0
79,640
1,372,921
15,225,501
0
937,580
16,163,081
SNCL Base($)
Iner.($)
O&M Adder ($)
Total SNCL ($)
1,111,048
0
88,418
1,179,466
1,040,504
0
64.074
1,104,578
1,111,048
0
68,418
1,179,486
1,075,801
0
66,248
1,142,047
1, 111,048
0
68,418
1,179,466
1,075,801
0
66,246
1,142,047
1,111,048
0
68,418
1,179,466
1,111 ,048
0
68,418
1,179.466
1,075,801
0
66,246
1,142,047
1,111,048
0
68,418
1,179,466
1,075,801
0
66,246
1,142,047
1,111,048
0
88,418
1,179,466
13,121,044
0
807,984
13,929,028
REDD Base ($)
Iner.($)
O&M Adder ($)
Total REDD($)
482,056
0
29.684
511,740
440,909
0
27,150
468,059
482,056
0
29,684
511,740
464,407
0
28,598
493,005
482,056
0
29,684
511,740
464,407
0
28,598
493,005
479,106
0
29,503
508,609
479,106
0
29,503
508,609
464,407
0
28,598
493,005
482,056
0
29,684
511,740
464,407
0
28,598
493,005
479,106
0
29,503
508,609
5,864,079
0
348,787
6,012,866
2,886.385
177,742
3,064,127
2,657,105
163,624
2,820,729
2,886,385
177,742
3,064,127
2,792,343
171,950
2,964,293
2,886,385
177,742
3,064,127
2,792,343
17 1,950
2,964,293
2,877,586
177,199
3,054,785
2,877,586
177,199
3,054,785
2,792,343
171,950
2,964,293
2,886,385
177,742
3,064,127
2,792,343
17 1,950
2,964,293
2,863,435
177,581
3,060,996
34,010,624
2,094.351
38,104,975
MID
Base(MWh)
lncr.(MWh)
Total MID (MWh)
Btu/KWh: 10400
MMBtufTon: 18.4
Base ($/MMBtu): 3.431
SNCL Base (MWh)
Iner. ($/MMBtu): 0
lncr.(MWh)
O&M Adder_1$1MWl1}: 2.033
Total SNCL (MWh)
(See Note 1 below)
REDD Base (MWh)
Iner. (MWh)
Total REDD (MWh)
Coal
Dollars
MID
MID
TOTAL Coal$
TOTAL O&M Adder$
TOTAL$
Page28
JAN
LDWP Adelarto-Midpoint (226 MW)
MID
$
SNCL $
REDD$
Scheduling Fee
Transmission Service
TOTAL$
SCE Midpoint-Midway (0 MW)
See note(5)
MID
$
SNCL $
REDD$
=
SCE Contract
ISO Related Charges (2)
TOTAL$
WALC Westwlng-Mead (150 MW)
MID
$
SNCL ~
REDD$
Loss Payment
TOTAL$
Renewable Power (PPM) Big Hom I
12.5% of contract.
MID
MWh
52.5% of contract.
SNCL MWh
35.0% of contract.
REDD MWh
TOTAL MWh !32
MAR
f§
0
0
0
0
0
0
0
0
0
0
0
0
0
a
0
0
0
MAY
~
0
0
JUN
SEP
AUG
0
0
0
0
0
0
0
0
0
0
0
0
0
0
D
D
0
0
0
0
0
0
0
~
NOV
DEC
TOTAL
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
D
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
a
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
JUL
0
0
0
0
0
0
0
0
0
0
0
0
0
0
a
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,999
20,994
13,996
39,988
5,586
23,461
15,641
44,888
6,653
27,942
18,628
53,223
7,043
29,582
19,721
58,348
6.051
25,414
16,943
48,408
6,084
25,552
17,035
48,871
4 ,878
20,489
13,659
39,027
4,761
19,995
13,330
38,066
4,207
17,669
11,780
33,858
4 ,460
18,731
12,487
35,678
5,151
21,634
14,423
41,209
5,128
21,536
14,357
41,021
65,000
272,999
182,000
519,999
0
0
0
0
Dollars {Energy ... F&S)
MID
$
SNCL $
REDD$
316,555
1,309,588
873,058
353,765
1,463,524
975,682
421,325
1,743,020
1,162,014
446,050
1,845,307
1,230,204
383,209
1,585,335
1,056.890
385,291
1,593,949
1,062,632
308,945
1,278,105
852,070
301,498
1,247,297
831,531
266,428
1,102,211
734,808
282,432
1,188,421
778,947
326,223
1,349,521
899,722
324,729
1,343,402
895,601
4,116,450
17,029,678
11,353,160
Dollars (WIC Rate)
$
MID
SNCL $
29,925
125,685
83,790
2,738,601
29,925
125,685
83,790
3,032,371
29,925
125,685
83,790
3,565,759
29,925
125,685
83,790
3,760,961
29,925
125,685
83,790
3,264,834
29,925
125,685
83,790
3,281,272
29,925
125,685
83,790
2,678,519
29,925
125,685
83,790
2,619,727
29,925
125,685
83,790
2,342,847
29,925
125,685
83,790
2,489,200
29,925
125,685
83,790
2,814,866
29,925
125,685
83,790
2,803,131
359,100
1,508,220
1,005,480
35,372,068
REDD~
TOTAL$
Page29
JAN
Renewable Power (PPM) Big Hom II
65.0% of contract.
MID
MWh
35.0% of contract.
SNCL MWh
0.0% of contract.
REDD MWh
TOTAL MWh (3)
FEB
MAR
APR
MAY
JUN
.!.!!!.
~
SEP
~
~
~
TOTAL
7,351
3,958
0
11,309
6,997
3.768
0
10,764
8,376
4,510
0
12,887
8,601
4,631
0
13,232
6,934
3.734
0
10,668
6,305
3,395
0
9,700
4,120
2,218
0
6,338
4,178
2,250
0
6,428
4,855
2,614
0
7,469
5,812
3,129
0
8,941
7,145
3.847
0
10,992
7,326
3,945
0
11,271
78,000
42,000
0
120,000
783,473
421,870
745,730
401,1547
892,741
480,708
916.649
493,580
739,014
397,931
671,990
361,841
439,084
238,430
445,329
239,793
517,458
278,831
619,405
333,526
761,513
410,045
780,854
420,480
8,313,240
4,476,380
MID
$
SNCL $
48,100
25.900
48,100
25,900
48,100
25,900
48, 100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
48,100
25,900
577,200
310,800
$
Jollars (Transmission SeNlce MID
SNCL $
98,898
53,253
98,898
53,253
98,898
53.253
98,898
53,253
98,898
53.253
98,898
53.253
98,898
53.253
98,898
53.253
98,898
53.253
98,898
53,253
98,898
53.253
98,898
53.253
1,188,770
639,030
1,431,494
1,373,427
1,599,597
1,636,379
1,363,095
1,259,981
901,663
911,272
1,022,239
1,179,080
1,397,708
1,427,464
15,503,400
7,234,222
7,226,527
8,229,483
8,361,633
7,692,056
7,505,546
6,634,968
6,585,784
6,329,379
6,712,407
7,176,867
7,291,591
86,980,4631
Dollars (Energy + See Note 4 MID
$
SNCL $
DQ!!l!CI lWl!:j Blllll
TOTAL$
IMSRTOTAL
NOTES:
(1) All coal rumbers {base coal price, Incremental coal price. un~ heat re1e, coal grade. allocatlon. and 0 & Madder (501 accounts)) updated es per Martin Hopper via emal dated 10/20/2015
(spreadsheet "M-S-R PPA 2016 Purchase Power Budget Input Rev 10-20-15.xtsx''). The 0 & Madder Is for fuel related O&M cost charged to FERC 501 accounts Including 0 11, Ash & Gypsum Disposal
and Fuel Handling as per Martin Hopper via previously noted email and spreadsheet.
ectedo ut forecast and rici
ro'ections for 2015 & 2016 as
MartinH
r email dated 10/20/2015 s adsheet: "Bi Hom Pr · · ns 2016.xlsx"
3 Renewable~
(4) Big Horn II Dollars Include $/MWh charges for Energy per PPA Annex H, Assumes escalation of 2% on $15/MWh effective 1-1-11; Redelivery per RA Section 2.6.1; Transmission Losses.RA Section
2.6.3 - assumes BPATS Incremental Replacement Power at $60/MWh; and Operating Reserves per RA Section 2.6.4
(5) SCE contract assumed ended by 111/2016 for all members.
Page30
Staff Report
Date:
November 10, 2015
From:
To:
M-S-R Commission
Subject:
FERC Counsel Fee Adjustments
The Washington, DC firm of Duncan, Weinberg, Genzer, and Pembroke has provided
specialized FERC Counsel representation to M-S-R PPA since 1986. Services are contracted on
a time and materials reimbursement basis. The lead partner for M-S-R PPA matters is Pete
Scanlon who has effectively and efficiently supported M-S-R PPA’s interests in complex
regulatory and adjudicatory matters before the FERC, Bonneville Power Administration, and in
Federal Courts. They have requested a fee adjustment averaging 2.9% for the attorney categories
most often utilized on our behalf. The proposed adjustment represents an average compound
annual increase of 1.0%. These fee adjustments would become effective January 1, 2016, and the
new rates will be identical to those contracted by Modesto Irrigations District, the City of Santa
Clara, the City of Redding, and TANC. Their most recent fee adjustments averaging 4.6% was
made in March 2013, and prior adjustments were made in 2009, 2007, 2005, and 2002. The 2016
M-S-R PPA Budget will accommodate the proposed General Counsel fee adjustments.
I recommend the Commission consent to the 2016 fee adjustments proposed by Duncan,
Weinberg, Genzer, and Pembroke, P.C.
Law Offices
Duncan, Weinberg, Genzer & Pembroke, P.C.
WALLACE L. Dl'NCA'\ (1937-2008)
EDWARD WEINBERG (1918-1995)
ROBERT WEINBERG
.JEFFREY C. GENZER
Tll0l\1AS L. Rt:DEBl;sc11
MICHAEL R. POSTAR
ELI D. EILBOTT*
LISA S. GAST
PETER .J. SCANLON
KATHLEEN L. MAZllRE
DEREK A. DYSON
HllA VEET A K. l\!ODY
KRISTE!\' CON!\'OLLY Mc(TLLOUGll
.JOSllliA E. ADRIA'\
MATTHEW R. Rl'DOLPlll
.JASON T. GRAY
'.':ATALIE M. KARAS
GREGORY D..JONES
TYLER E. MA!\'SllOLT
sun: 800
1615 \I STREET, '\.W.
\\ASHINGTO!\', DC 20036
(202) 467-6370
FAX (202) 467-6379
www.dwgp.com
DONALD H. CLARKE+
.JA\1ES D. PEMBROKE+
TERRY E. SINGER+
California Office
14 IO, 915 L STREE'I
SACRA\1E'\TO, CA 95814
(916)498-0121
sun:
SEA'\ M. NEAL
Nortlteast Regional Office
October 23, 2015
2700 BELLEVUE A VENl'E
SYRAClJSE, NY 13219
(315) 471-1318
TllO'\clAS .J. LY:\Cll+
*REGISTERED TO PRACTICE BEFORE LS.
PATEC'iT A"[) TRADEMARK OFFICE
-oF COl'NSEL
Via E-mail and U.S. Mail
Martin Hopper
General Manager
P.O. Box 4060
Modesto, CA 95352
Re:
Rates for Legal Services Provided to the M-S-R Public Power Agency by Duncan,
Weinberg. Genzer & Pembroke
Dear Mr. Hopper:
As we discussed, we are proposing an increase in the hourly rates for legal
services performed by Duncan, Weinberg, Genzer & Pembroke on behalf of M-S-R Public
Power Agency ("M-S-R"), effective on January L 2016. The proposed rates reflect an increase
of approximately three (3%) percent.
We last adjusted our rates nearly three years ago, with the existing rates becoming
effective March 1, 2013. Since that time, increases in salaries for professional and support staff
and the escalation in our lease payments and other business expenses now require an adjustment
in our billing rates.
Subject to M-S-R's approval, we propose that the following hourly rates become
applicable effective on January 1. 2016. The proposed rates will remain in effect for a minimum
of one year from January 1, 2016.
2
Current
Rate
Proposed
Rates
Effective
111/2016
Senior Principals
$380
$391
Principals and Of Counsel
$355
$365
Senior Associates (Five Years (or more) Experience)
$340
$350
Associates
$300
$309
Non-Attorney Staff
$210
$216
Senior Paralegals
$170
$175
Other Paralegals and Law Clerks
$140
$144
The firm values M-S-R as a client and we look forward to continuing to provide
quality legal services at competitive rates. Please do not hesitate to contact us to discuss this
proposal if you have any questions.
Staff Report
Date:
November 12, 2015
From:
Scott Van Vuren, MID Assistant General Manager
To:
Subject:
Approval of Engagement Letter With Baker Tilly Virchow Krause, LLP for
Independent Accountant Services
The proposed Engagement Letter With Baker Tilly Virchow Krause, LLP for Independent
Accountant Services will cover preparation of audits commencing with the fiscal year beginning
January 1, 2015 and continuing for five years thereafter and also provides for two additional
option years. The proposed audit fees lock in the current annual fee of $71,600 for five years and
would raise to $23,700 for the option years. The Agency’s Controller and accounting staff have
expressed their satisfaction with the quality and responsiveness of Baker Tilly Virchow Krause,
LLP’s work and are supportive of the extension of these services through the proposed
engagement letter. Baker Tilly Virchow Krause, LLP is also engaged as independent accountant
for the M-S-R Energy Authority under an existing agreement and has proposed an identical
successor agreement to that proposed for the Agency. It should also be noted that the Modesto
Irrigation District also retains Baker Tilly Virchow Krause, LLP as independent accountant
which provides further economies of scale and consistency in the provision of services.
I recommend the M-S-R PPA Commission approve the Engagement Letter With Baker Tilly
Virchow Krause, LLP for Independent Accountant Services.
AMENDMENT NUMBER 6
TO
AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT
BETWEEN
MARTIN HOPPER ENERGY CONSULTING
AND
This Amendment Number 6 to the Amended and Restated Management Services
Agreement Between Martin Hopper Energy Consulting and M-S-R Public Power Agency
Author 11/9/15 6:54 PM
Deleted: 5
Author 11/9/15 6:54 PM
Deleted: 5
with an effective date of January 1, 2010 (“Agreement”) made by and between Martin R.
Hopper, dba, Martin Hopper Energy Consulting (“Contract Executive,” “party” or “parties”)
and M-S-R Public Power Agency (“M-S-R PPA,” “party” or “parties”) is made November 18,
2015 (“Effective Date”) as follows:
RECITALS
A.
WHEREAS, the parties desire to extend the term of the Agreement for a period
of one year beginning on January 1, 2016 and continuing through December 31, 2016, in
accordance with Section 2 of the Agreement, and keep all other provisions of the Agreement
the same; and
C.
WHEREAS the Contract Executive and M-S-R PPA desire to amend the
Agreement to extend its term as desired by the parties.
AGREEMENT
NOW, THEREFORE, the Contract Executive and M-S-R PPA agree as follows:
1. Section 2 of the Agreement is hereby amended to read in its entirety as follows:
“The Agency does hereby appoint the Contract Executive its General
Manager to serve for the term of this Agreement. The Contract Executive hereby
{00252361.DOC 1 }
Author 11/9/15 6:54 PM
Deleted: 4
WHEREAS, the term of the Agreement between the Contract Executive and
M-S-R PPA expires December 31, 2015; and
B.
Author 11/9/15 6:54 PM
Deleted: 9
1
Author 11/9/15 6:54 PM
Deleted: 4
Author 11/9/15 6:54 PM
Deleted: 5
Author 11/9/15 6:54 PM
Deleted: 5
accepts such appointment. This Agreement shall have a term which commences
on its effective date of January 1, 2016, and terminates on December 31, 2016, unless
terminated earlier, as provided in this Agreement. It is the intent of the parties that this
Agreement shall be extended for additional periods of one year each. However, such
extensions shall be made only at the discretion of the Commission and upon a
satisfactory performance review of the Contract Executive by the Commission. Upon
termination, the Contract Executive shall make available any office equipment,
supplies, and documents in his possession or control which may have been purchased by
or for the Agency, except for any equipment or furniture purchased pursuant to Section
4. c, of the Management Services Agreement between M-S-R Public Power Agency and
Martin Hopper Energy Consulting effective June 1, 2008.”
2. Except as specifically amended by this Amendment Number 6, all terms and
conditions of the Agreement, including Section 4 regarding Fees and Costs, shall remain
Author 11/9/15 6:55 PM
Deleted: 5
Author 11/9/15 6:55 PM
Deleted: 5
Author 11/9/15 6:55 PM
Deleted: 5
unchanged and in full force and effect.
MARTIN HOPPER ENERGY
CONSULTING
By: _________________________________
Name: Martin R. Hopper
By: _________________________________
Name: Greg Salyer
Title: President
{00252361.DOC 1 }
2
Author 11/9/15 6:55 PM
Deleted: Barry Tippin

MSR Public Power Agency AGENDA

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