# Presentation: 667697

## WelcomeTo TheBoulder Canyon ProjectApril 11, 2007Public Information ForumPresentationOn The Proposed FY2008  Base Charge & Rates

## 3 – Year ComparisonProposed Base Charge & Rates

|  | 
FY 2006
Approved | 
FY2006
Actual | 
FY 2007
Approved | FY 2007
Current Estimates | 
FY2008
Proposed |
| --- | --- | --- | --- | --- | --- |
| Total Expenses | $ 72,811,139 | $ 66,879,721 | $ 81,321,044 | $ 80,646,106 | $ 84,645,695 |
| Prior Yr End C/O | $   3,437,121 | $   2,615,228       | $   1,902,909 | $   4,912,787 | $   4,286,817 |
| Less Water Sales 
Revenues | 
$      530,000 | 
$      653,269 | 
$      530,000 | 
$      530,000 | 
$      530,000 |
| Less Other
Revenues | 
$ 11,379,000 | 
$ 12,241,662 | 
$ 11,379,000 | 
$ 11,981,000 | 
$12,318,000 |
| Subtotal | $ 57,465,018 |  $ 51,369,562 | $ 67,509,135 | $ 63,222,319 | $ 67,510,878 |
| +Adj. for Change
 in Undelivered Orders/Accounts Receivable | 
$                 0 

$                 0  | 
$   1,235,933

 $       (53,264) | 
$                 0 

$                 0 | 
$                 0 

$                 0 | 
$                 0

$                 0 |
| Base Charge | $57,465,018 | $ 52,552,231 | $ 67,509,135 | $ 63,222,319 | $ 67,510,878 |
| Yr End C/O  |  |   $    4,912,787 |  |  $   4,286,817 |  |

## Why the Increasein the FY 2008 Base Charge & Rates

- Annual Expenses from FY2007 to FY2008:
- O&M expenses
- Other Expense – Visitor Center
- Uprating Principal Payments
- Replacements
- Debt Service Principal Payments

## Why the Increase in the Base Charge & Rates(Continued)

|  | FY 2007
(Approved) | FY 2008
 (Proposed) | 
$ Increases |
| --- | --- | --- | --- |
| 
Bureau’s O&M Program * |    

36,759,000 |     

 37,109,000 | 

350,000 |
| 
Western’s O&M  Program * | 

  3,965,761 | 

  3,981,090 | 

 15,329 |
| 
Total O&M Increase | 

40,724,761 | 

 41,090,090 | 

365,329 |
| 
Other Expenses/ 
Visitor Center
 | 

  8,410,000 | 

 8,435,000 | 

  25,000 |
| * Includes Post Civil Service Retirement Costs |  |  |  |

## Why the Increases in the Base Charge & Rates (Continued)

|  | FY 2007
(Approved) | FY 2008
(Proposed) | 
$ Increases  |
| --- | --- | --- | --- |
| 
Replacements | 
 7,178,000 | 
7,442,000 | 
    264,000 |
| 
Uprating Program Principal Payments | 

 5,135,616 | 

8,234,782 | 

3,099,166 |
| 
Debt Service – Principal Payments | 

 1,646,818 | 

1,779,859 | 

   133,041
 |
| Total Annual Expenses Increases

Offset by decreases

Net Increase in 
Annual Expenses |  |  | 
3,886,536

   (561,885)

3,324,651 |

## Overall Changesto theBase Charge

|  | FY 2007
Approved | FY 2008 
Proposed | 
Increases |
| --- | --- | --- | --- |
| 
Total Annual Expenses
 |  |  | 
 3,324,651 |
| Less Projected FY End
Carryover | 
  1,902,909 | 
  4,286,817 | 
2,383,908 |
| 
Less Other Revenues
 | 
11,379,000 | 
12,318,000 | 
  939,000 |
| Proposed Base Charge Increase  |  |  | 
      1,743 |

## Overall Changesto theEnergy & Capacity Sales

|  | FY 2007 Approved | FY 2008
Proposed | 
Decreases |
| --- | --- | --- | --- |
| 
Energy Sales (MWh) |   
3,965,355 | 
3,916,418 | 
(48,937) |
| 
Capacity Sales (kW) | 
1,721,000 | 
1,679,000 | 
(42,000) |

## Comparison Proposed Base Charge & Rates

|  | 
FY 2007
Approved | 
FY 2008
Proposed | 

Increase | 

% |
| --- | --- | --- | --- | --- |
| 
Base Charge ($) | 
67,509,136 | 
67,510,878 | 
 $        1,743 | 
 0.003 |
| Forecasted
Energy Rate
Mills/kWh | 
          8.51 | 
          8.62
 | 
              .11 | 
1.28 |
| Forecasted
Capacity Rate
$/KW/Month | 

         1.63 | 

         1.68 | 

$           .05 | 

2.78 |
| Composite Rate
(Mills/kWh) | 
       17.02 | 
       17.24 | 
             .21 | 
1.25 |

## Formal Rate Process Schedule

- Feb 14, 2007  - Publication of FR Notice
- April 11, 2007 - Public Information Forum
- May 9, 2007   - Public Comment Forum
- May 15, 2007 - End of Comment &                                                              				Consultation Period
- October 1, 2007 - Effective Date of Base 				Charge & Rates