June
DIX
s A.W. G.SUNELL G. CDONNEL S. E. I.
.G. ALL WEST EPORTING LTD. Court
Letter 7 Yoho
Submission Report l - Assessment and Re for the Application of the and Review Process from document Trust for Building
20 21 Order 22 Assessment 23 24 25
1.0 BACKGROUND On 5, l Yoho Ltd. diesel electrical £Yenerati svstem the Northern
in turn is a company listed on Toronto The power nine
installed from to 29 years. same cannot for the renewal.
The load in addition of West Louise would to 195 . Emerald Lake which is located the of is to the cost of
The tariff in is current
2.0 THE APPLICATION 3.0 THE HEARING
and that submissions current A number local sitt of Commission. for customers costs. He customers located the route to units and connect to the line to Yoho's customers.
Mr. benefits of and related to as well as elimination of r. the ntended to elim custorners. net effect customers .in and reduction in power i.tem Mr. for "bulk" customers. This an ex1stuw diese.l svstem line
3 be a ts will allow their diesel the averaee cost of to term.
or of noi caused tariff nature were in addition to customers. Street ,, rates users to
the Mr.
between will would
their d~sel ion Yoho's bulk are I costs.
Mr. one outcome of
construct and would
3. cross-examination r. that revenue
is
An n of concern to of the Field arose as or attract a new one the dut
revenues not very
. Louise and r.
In
Zone II of
connect In ,1\~r. I. power r. to
Canada which states constructed for in 4.0 DISCUSSION concern After benefitted residential customers cannot Once the not to finance Yoho has itself the Comm
was not to 8 ll to construct ion the
al extensions be P· this similar users. concern rate its the is
On more current to the on annual
decreased n~ ~ and no accounts.
(5
will loads" 671 to iss ion
of in es year
years. ") ic is
sales
resorts of 3
4. $ costs
nature has
4 •. 5 1 The rates are the l 0 years for 3 years for the Under the connect ion nronosa I in years the years.
4.5.2 Yoho is f 70
for of 50 and in a 16-17
Yoho 60 and
and schedules lit and costs. ial or deferred is amount in the next
rates Resources
a notwnal structure the
a structure of 15
on Mr. P· 3 he to fix a to finance not be an
5.3 Yoho has one NC as ion the as
SERL Services Contract
estimates are the
rate contain a on the energy on the first 5 50 per to this residential Yoho in cross-subsidization of
2 12 a deem it to l or of Yoho some its secure
rate $ $1 3 $ I 5, 5.0 THE DECISION
is an extension of to definite and distinct
nature of the and matters are service to
the basis of with reasonable rates in of to the Commission fo be could
l.
3. An structure rate
4. at Canad
5. Definitive
of costs Fie
reasonable An wish line
7. for l. 2. 3.
ill
,s,·' COtuA. <:- IJ;]Q: s "(: /")~ scot~~ PROVINCE OF BRITISH COLUMBIA BRITISH COLUMHIA UTILITIES COMMISSION
IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended
and IN THE MATTER OF an Application by Yoho Power Ltd.
BEFORE: J.G. Mcintyre, Chairman; June 24,1988 J.D.V. Newlands, Deputy Chairman
WHEREAS Yoho Power Ltd. ("Yoho") applied April 13, 1988 which was subsequently amended on May 6, 1988, to construct and operate an electrical grid connection from TransAlta Utilities Corporation Ltd. near Lake Louise on the Alberta/British Columbia border to the existing distribution system at Field, B.C.; and WHEREAS the Application to construct facilities including a review of the rates and terms and conditions of service was heard at a public hearing on May 19 and 20, I 988 in Field, B.C. pursuant to Commission Order No. G-36-88; and WHEREAS the Commission has considered the Application by Yoho and the evidence adduced thereon during the public hearing of the Application all as set forth in the Decision (the "Decision") issued concurrently with this Order. NOW THEREFORE the Commission orders as follows: I. The Application for a Certificate of Public Convenience and Necessity to construct and operate a grid interconnection from the Alberta/British Columbia border to the existing distribution facilities at Field, B.C. is rejected.
• ../ 2 l, VANCOUVER ((\04)
BRITISH COLUMBIA "'7-:S : > v UTILITIES COMMISSION {§ ~ ~,<::> ORDER NUMBER G-62-88
2. Yoho is to file Electric Tariff Rate Schedules in Commission approved format to be effective July I, 1988 in conformity with the Decision.
3. The Electric Tariff, Terms and Conditions proposed by the Applicant are accepted subject to changes in the areas of Security Deposits, Metering and Extension of Distribution Lines policy as outlined in the Decision. Yoho is to file appropriate Tariff sheets in Commission approved format by July 29, 1988.
4. Hearing costs are permitted to be recovered over a five-year period commencing at the beginning of the
company's next fiscal year.
DATED at the City of Vancouver, in the Province of British P) 'rtlt) Columbia, this CJ<. '(" aay of June, 1988. BY ORDER ' ~ ~ L-Jilt.." .G. Mcintyre Chairman
BRIIISH COLUMBIA UTiliTIES COMMISSION 2 ORDER NUMBER G-62-88
APPENDIX A P.02 Minister of the Environment Ministre de I' Environnement CANADA ·- ~·iif!M'·t-·r•._.. ...... _ ........ ::Nt:f1tj':'. MiNES AND I "JROLEUM RESOURCES i ~~AR : 3 i98F. a 1?-tlllllk!.u;abler Jack Davis, P. C. , M. ~~-- J ' 662. r -Energy, Mines ~\1'> u L T!l:(s o~urn.._ Resources, ~y; !rln f':"~ ···-·-- .... " .......... ... ',·,. .. _ '• ,•;• I'.._.~ oi.British Columbi -.v ~[Ll.~\'tu .....___ ................... ildings, u n ~· it ish Columbia. 53 MAR2 41988 ..... ~ fltX ~
--*·- Thank you for your letter of S January regarding the provision of electricity to Field, British columbia. I a~ very pleased that the electrical subsidy has been reinstated and that the British Columbia Utilities CoMmission will act as the rate-setting body for b Y l o ho Power Limited. Plans are currently being developed Yoho to run a line from Lake Louise to Field. If the 1 ne proves feasible, the electric rates would be lower. I greatly appreciate your reconsideration of these matters,· All good wishes,
xc: Mr. Ed Macgregor ./Mr, John Allan
Yours sincerely, ~II. TomMcMillan, P.c., M.P. Hillsborough Minister of the Environment
YOHOGntO 2 YOIIO POWER l TO. SCIIWVLE I - PLANT 1989 19910 1991 1992 1993 1994 YOIIO CA5E 2 f'tANT IN SERVICE. opening s1 ,948.273 s 1,950,273 $1,962,313 tt,974,594 s 1,967,121 $1,999,899 S2,012,9::SJ $2,026.226 MrJit!ons !diSP"Sals) 2,000 12,040 12,281 12,527 12,778 13,034 ---------- 2.00~ ---------- ---------- ---------- ---------- ---------- ---------- ---------- f-LANT IN SERVICE, closmg 1,950,273 1,962,313 1,974,594 1,967,121 1,999,699 2,012,933 2,026,228 Accum Deor~clatlon 44,654 88,268 142,536 206,173 280,449 365,376 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- NET PLANT IN SERVICE. closlno 1,905.619 1,874,025 1,832.058 1,780,948 1,719,450 1,647,557 NET PLANT IN SERVICE, openln~ 1,941,651 1,905,619 1,874,025 1,832,058 1,760,948 1,719,450 --------- ---------- ---------- --------- ---------- ---------- ---------- NET PLANT IN SERVICE. Mid yr. 1,923,635 1,889,822 1,853.042 1,806,503 1,750,199 1,663,504 WORKING CAPITAl ALLOWANCE 37,402 37,402 37,402 37,402 37,402 37,402 ---------- --------- s - --------- ---------- ---------- ---------- ---------s UTILITY RATE BASE. MID-YEAR $1,961,037 $1,927.224 1,690,444 $1,843,905 1,767,601 $1,720,906 $1,643.8 t I ·-------- -------·- ··---···· ·····--·- --------- SCHEDULE 2- INCOME 1989 19910 1991 ---1-9-9-2- -- ·--1-9-9-3- ·- 1994 REVENUE (SchedUle 2al $465.000 S530.000 $570,000 $572.000 $620.000 l635,000 LEASE INCOME 4,684 4,871 5,066 5.269 5,480 5,699 PURCHASES (SchedUle 2bl 72,332 75,623 78,909 82,402 86,376 90,572 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- GROSS MARGIN 397,352 459,248 496,157 494,867 539,104 550,127 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Salaries and Wages 25,209 26,217 27.266 28,357 29,491 30.671 SEAL ArJm!n. & Contract 42,485 44,184 45,9SI 47,789 49,701 51,689 MISC. & Travel 9.507 9.687 10,282 10,693 11,121 11,566 YohO 0 &M 36,227 37.580 38,986 40,545 42,167 43,854 Oeprectatlon <Schedule 2cl 38,032 43,634 54,248 63,637 74,276 84,927 --------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- OPERATING EXPENSES 151,460 161.502 176,733 191,021 206,756 222,707 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------Utility Income nerore tax 245,892 297,746 319,424 JOJ,846 332,348 327.420 INCOI1E TAX EXPENSE 12,873 50,847 66,737 69,565 88,888 94,166 ---------- --------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ~--------- EARNED RETURN $23:!,019 $246,699 . . $ . 2 52,667 $234,281 $243,460 $233,254 ···='~~~*•=• ••••••-'*• ,.,,. ..... ......... ........... .. ... .: ... ,. .. ····---~ ... SCHEDULE 3 - INCOME TAXES 1989 1990 1991 1992 1993 1994 UtilitY tncome before tax $245.692 $297,746 $319,424 $303,646 $332,348 $327,420 Oeduct: Interest (!41,195) (138,760) ( 136,112) (132.761) (128,707) (123,90S) ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------Accounting Income 104,697 158.986 163.312 171,085 203,641 203,515 Timing differences (17,647) 8,824 8,824 - Powerl!ne Oepn 15,000 20,000 30,000 55,000 65,000 75,000 -Power line CCA at (72.000) (69.120) (66,355) (63,701) (61,153) (56.707) 400\!l ---------- ---------- ---------- ---------- ---------- --------- -------- --------- ---------- ---------- ---------- ---------- ---------- ----------TAXABLE INCOME $30,050 $118,690 $155,781 $162,384 $207,488 $219,808 42.84% ····--=··· =-·······- ............ -·--····· .......... ···-····· ····-·-=- .. ,.. ..... Income tax rate 42.84~ 42.84~ 42.64~ 42.84" 42.84~ 42.84~ INC011E TAX EXPENSE $12673 $50 847 $66 737 $69 565 $86 888 $94,166 SCHEDULE 4 - CAPITAl 1989 1990 1991 1992 1993 1994 Notes Payaole (notional) $1,170,1522 $1,1:56,334 $1,134,2150 $1,100,343 $1,072,:5151 $1,032,:544 prooortlon 60oo,; 60.00% 60.00~ 60.00~ 60.00% 60.00% emteaded cost 12.00'10 12.00S 12.00'10 12.00'10 12.00li 12.00'10 r. cost component 720% 720% 720% 7.20% 7.20% 7.207. S return $141,195 $138,760 Sl36,112 s 132.761 $128,707 $123,905 12.00% !Common equtty $784,415 $770,690 $756,176 $737,562 $715,040 $668,362 St557,5Z4 proportion 40.00% 40.0011: 40.00% 40.00% 40.00% 40.00% ROE I 1.71% 1403S 15.42S 13.76~ 16.05S 15.89S I % cost component 4.68% 5.61% 6.17% 5.50% 6.42% 6.36l'C S return S91,824 $108.139 Sl16,575 s 101,520 s 114,753 $109,349 SI01.293 I 4000% ---------- ---------- ---------- ---------- ---------- ---------- ----------- ---------- ---------- ---------- ---------- ---------- UTILITY RATE BA'JE $ 1,961,037 $ 1,927,224 S 1,890,444 $1,84:!,905 S I, 787,150 I S l, 720,900 $I ,643,61 l »=••••••••• ••••••••••• =•••••••••• ••~•••••••• ••••••••••• ••••••••••• •••••••••-• ••••••••••• •••••••••=• •••=•~~~•=• =•••=•••••• e~•,••••••• ==••••••='• =••••••=••• ,RETURN ON RATE BASE 11.88% 12 81% 13 37% 12.71 r. 13.627. 1355%
5/16/BO 1995 19q6 ~t:r:l 1997 1990 !99'l 2000 2001 2002 t:r:l(/) :X:8 $2,039,789 $2,053.621 $2.'co7,730 $2,002,121 $2,089.608 $2,097,245 ::JH 13,295 13,S61 13,632 14.109 14,391 7,487 7,637 7,790 t-'·:S:: ---------- ---------- ---------- ---------- ---------- ---------- tJ:J>' 2,039,789 2.053,62! 2,067,730 2,082,121 2,089,606 2,097,245 2.105.035 t-'·8 460,968 567,236 679,200 751,867 821,821 892,149 962,859 1,033,959 r'Tt:r:l ---------- ---------- ---------- ---------- ---------- ---------- t::! H 1,565.260 1,472,551 1,374.421 1,315.663 1,260,300 1,197,459 1,134,386 1,071,076 ro;:o 1,647,557 1.565,260 1,472,551 1,374,421 1,315,863 1,260,300 1,197,459 1,134,386 ---------- -:J>o ---------- ---------- ---------- ---------- ---------- ---------- 8 1,606,409 1,518,906 1,423,486 1,345,142 1,288,062 1,228.860 1,165,923 1,102.731 t:r:l 37,402 37,402 37,402 37,402 37,402 37,402 37,402 (f) 37,402 ---------- ----------s ---------- ---------- ---------- ---------- ---------- ::8 1,556.308 $1,460,888 $1,382,544 s 1.325.484 $1,266.282 s 1.203.325 $1,140,133 H ·····---- ......... ......... 8 1995 ---1-9-9-6- -- --1-9-9-7· ··· 1998 ---1-9-9-9- -- 2000 2001 --2-0--0-2- -- ::r:: $645.000 $660,000 $655,000 1590,000 1590,000 $590.000 $590,000 $590.000 0 5,927 6,164 6,411 6,667 6,934 7,211 7,499 7,799 c 8 95,013 99,709 102,707 105,790 108,970 112,234 115,597 119,071 tJj 555,914 566,455 S58,704 490,877 487,964 484,977 481,902 478,728 c L' 31.898 33,174 34,501 35,881 37,316 36,809 40.361 4!,975 ::><: 53,757 S5,907 S8,143 60,469 62,888 65,404 68,020 70,741 (f) 12,029 12,510 13,010 13,530 14,071 14,634 15,219 15,828 :J>' 45.608 47,432 49,329 51,302 53,354 55,486 57,708 60.016 L' 95,592 106,270 111,962 72,667 69,954 70,328 70,710 71,!00 t:r:l (f) 238,884 255.293 266,945 233,849 237,583 244.663 252.016 259,660 317,030 311,162 291,759 257,028 250,381 240,314 229,884 219,068 97,383 102,818 100,518 71,810 71,576 69,910 68,171 66,242 ---------- ---------- ----------$219,647 $208,344 $191,241 $185,216 $178,805 $170,404 $161,713 $152,826 e••••-••:=. ............. ···-=:.•=• •==•=e:'l':za =•"'~'=•=··- 1!1'=•:.•• ...... - ·-··••:c•• 1995 1996 1997 1998 1999 2000 2001 2002 $317,030 S311,162 $291,759 $257,028 $250,381 $240,314 $229,884 $219.068 (118.354) ( 112,054) (105,184) (99,543) (95,435) (91,172) (86,639) (82,090 198.676 199.106 186,575 157.485 154,946 149.142 143.245 136.978 85,00() 95,000 100,000 60,000 60,000 60,000 60,000 60,000 (56,359) (54,104) (51,940) (49.862) (47,868) (45,953) (44.115) (42.351 $227,317 $240,004 $234,63 .. .......... 5 . s 167,623 $167,078 $163,189 $159,130 $154,627 ····-·==· ===·=·=··· a•='~'•••,.• ·····= ... =· : ........... 42.8""' 42.64S 42.84S 42.84~ 42.84S 42.84S 4284S 42.84% $97 383 $102 818 $100516 $71 610 S71 576 $69 910 $66 171 S66 242 ~ :J>' 'U 1995 1996 1997 1998 1999 2000 2001 2002 'U <D ti:l $960,267 S9JJ,785 $8715,:53:! $629,5215 $795,29(') $759,7159 $721,995 $1584,000 z 60.0011: 60 00% 60.00% 60.00% 60.00% 60.00% 60.00% 6o.oor. 1f -' It;! 12.00!1t 12.00X 12.00S 12.00X 1200X 1200% 12.00~ 12.00% H 7.207. 7.20% 7.20% 7.20?. 7.20r. 7.20% 7.20?. 7.20%( :X $118,354 $112,054 s lOS, 184 $99,543 $95,435 $91,172 $66,639 S82,090 t :I ltJj $022.'523 $564,355 $553,018 $530,194 $506,513 S481,JJO $456,053 40.00" 40.00% 40007. 40.00% 40.00% 40.00% 40.00% 40.00% 15.41" IS.47% 14.73% 15.49S 15.72% 15.64S 1560S 1551% 6.16" 6.19% 5.89% 6.20% 6.29% 6.26% 6.24% 6.207. $96.290 $86.057 $65.675 $83,370 $79,232 $75,074 $70,736 ---------- ----------$1 ,556,:!08 S I ,460,888 S 1,382,544 ~ 1,325,464 $1,266,282 $1,203,325 $ 1,140, l::lJ 1J 36% _!.2_39% 13.09% I 3.40% 13 ,19% 13 4'}% I 3.44:'; 13 40:!J
YOHO GRID 2 YOIIO POWER l TO. [SCHEDULE 2a -RATES l9tl9 1990 1991 1992 1993 1994 RESIDENTIAL 75NewMWh Sales- MWh 450 455 470 475 480 485 Averag~ rate/kWh 21.55 2155 2155 21.55 2155 21.55 Basic charges 8,442 7,542 7,542 7,542 7,642 7,542 Revenue $109,210 $107,650 s 108,927 s IIO,OOS s 111,082 $112,160 21S5 COMMERCIAL Sa If'S- MWh 230 242 254 266 280 294 Average rate/kWh 29.44 29.44 2944 29.44 29.44 29.44 Baste charges 6,759 5,759 6,759 6,759 6,7S9 5,759 Revenue at $74,471 $78,004 S81,S37 S8S,069 $69,191 $93,313 294< INDUSTRIAL sales -MWh 450 520 525 530 535 540 Average rate/kWh 34.21 34.21 34.21 34.21 34.21 34.21 Basic charges 5,400 5,400 5,400 S,400 5,400 S,400 Revenue at $159,345 $183,292 s 185,003 s 186.713 $188,424 $190.134 34.21 BULK sates -MWh 0 0 0 0 0 Average rate/I<Wh 20.71 20.71 20.71 20.71 20.71 20.71 Revenue so so so so so 20.71 STREET LIGHTS MWh 30 32 32 32 32 Revenue $3,035 $3,035 $3.035 $3,035 $3,035 $3,035 TOTAL ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Sales- MWh 1,170 1,2S8 1,280 1,303 !,326 1,350 Existing average rate 29.58 2959 29.57 29.53 2954 29.53 Revenue at existing rates S345,061 S372.18i $378,502 $384,822 S391,732 $398,642 ,; Increase required 3435" 6.01% S70J'> -1 41" 6.51" 0.60" Revlsea average rate 39 74 42.13 4453 4390 46.75 47.04 REVENUE, at revised rates $465,000 $530,000 1570,000 -$ -5 -7 -2 -, -0 -0 -0 · $620,000 $635.000 --------- --------- ................... SCHEDULE 21J - PURCHASES 1989 !990 1991 1992 --1-9-9-3- --- --1-9-9-4- --- INFLA f ION - MWh sales 1.00% -Expenses 400;'> TRANSALTA 300!': Demand charge $10.20 Energy charge 0018 Sales t. losses 5.00!': Peak loao- kW 517 Average rate/kWh 57.87 5961 61 40 63.24 65.14 6709 PURCHASES $71,064 $74,989 S78,592 162,402 $85,376 $90,572 FUEL & LUBE ---$ -1 -, -2 -6 -8 - $634 $317 --------- --------- --------- --------GROSS MAAGIN $392,668 $454,377 $491,091 $489,598 $S33,624 -$ -5 -4 -4 -, -4 -~ 84.44~ 85.73r. 66.16" 85.59" 86.07% 85.74" SCHEDULE 2c - OEPN/ AMORT 1989 1990 1991 1992 1993 1994 1000% S.OO% 33.33% 3.33% 33.33% FIELD- Generators at 10!1': 3,433 3,433 3,433 3.433 3.433 3.433 -Distribution at 5% 3,361 3,963 4,577 5,204 5,843 6,494 - Transportation at 33.3 3,236 3,238 3,238 !GRID CONNECTION at 3.33!1': 60,000 60,000 60.000 60,000 60.000 60,000 1 0£FERREO (45,000) (40,000) (30,000) (5,000) 5,000 15,000 RATE HEMING at 33.:nx 13,000 !3,000 13,000 ---------- ---------- ---------- ---------- ---------- --------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- TOTAl 38,032 43,634 .•. 5 . 4 . , . 2 . 4 • 8 . 63,637 .. . 7 . 4 . . . 2 . 7 . 5 . 84,927 ------- ---- -···-···· ······-·· ······•·· ·-······· ·······-· COI1'1ENTS Duplicates "GRIOYOHO" Application, except: l. Bulk sates removed. 2. Revised average rate Increased. to keep 3 Return on equity at I 4- I 6!i
5116/06 1995 1996 1997 1998 1999 2000 7001 _2002 490 495 500 505 510 SIS 520 525 21 55 21.55 2155 21.55 2155 215S 21S5 21 55 7,642 7,642 7,542 7,642 7,642 7,542 7,642 7,642 $113,237 $114.315 $115,392 $116,470 $117,547 SI18,62S Sll9,702 $120.780 308 324 340 343 347 350 354 357 2944 29.44 2944 2944 29.44 2944 29.44 2944 5,759 5,759 6,759 6,759 6,759 5,759 5,759 6,759 $97,434 s 102,145 $106.855 $107.738 $106.916 $109.799 SII0.977 $111,860 545 550 556 562 566 574 580 586 34.21 34.21 34.21 34.21 3421 34.21 34.21 34.21 S,400 S,400 5,400 S,400 5,400 5,400 5,400 5,400 $191,845 1193,555 $195.608 $197.660 s 199.713 $201,765 $203.818 1205.871 0 0 0 0 0 0 0 0 0 20.71 20.71 2071 20.71 20.71 20.71 20.71 20.71 so $0 so so so so so so so 32 32 32 32 32 32 32 32 32 $3,035 $3,035 S3,035 $3,035 $3,035 $3,035 $3,035 $3,03S ---------- ---------- ---------- ----------1,375 1,401 1,401 1,401 1,401 1,401 1,401 1,401 29.49 2948 3004 30.33 30.64 30.92 31.23 31.52 S40S.551 $413,0SO $420.890 $424,903 $429.211 $433.224 $437,532 $441.545 -0.28" 043" -0.76" -9.93% OOOJ'> 0.00" 0.00" 0.00% 45.91 47 II 4675 42.11 42.11 42 II 42.11 42.1 I $645.000 $660,000 $655,000 $590,000 1590,000 $590,000 $590.000 $590,000 .................... --1------- --------- --------- --------- ---------995 1996 1997 1998 1999 2000 --2-0-0-1- --- --2-0-0-2- ---6910 7!17 73.31 75.51 77.78 80 II 82.51 8499 S9S,OI3 $99.709 $102.707 SIOS,790 $108,970 $112,234 $115,597 $119,071 2 -6 - -$-S-4------ --------- -------- ----- --------- --------- ---------9,987 $560,291 $552,293 $484, -2 -1 -0 - -$ -4 -8 -1 -, -0 -3 -0 - $477,766 $474.403 $470,929 85.27!': 84.89% 84.32% 82.07r. 8!.53% 80.98% 80.41" 79.82% 1995 1996 1997 1998 1999 2000 2001 2002 ~ P' 3.433 3.433 3.433 3,433 rDI I 7,159 7,837 8,529 9,234 9,954 10,328 10,710 11,100 !'JI I 60,000 60,000 60,000 60,000 60.000 60.000 60.000 60.000 b: 25,000 35,000 40,000 -n, ---------- :v 9S,592 106,270 111,962 .. . 7 . 2 . , . 6 . 6 . 7 . 69,9S4 ... 7 . 0 . , . 3 . 2 . 8 • .. . 7 . 0 . , . 7 . 1 . 0 . 71,100 ......... ........... ........... ··=······ ····-····
YOHO GRID 3b YOHO POWER L TO. SCHEDULE I - PLANT 1989 1990 1991 1992 1993 1994 PLANT IN SERVICE, opening $748,273 $750,273 $762,313 $774,594 $787,121 $799,899 Additions (disposals) 2,000 12,040 12,281 12,527 12,778 13,034 2.00% ---------- ---------- ---------- ---------- ---------- ---------- ---------- PLANT IN SERVICE, closing 750,273 762,313 774,594 787,121 799,899 812,933 Accum. DepreciatIon 49,694 93,368 137,656 166,333 195,649 22S,616 ' ---------- ---------- ---------- ---------- ---------- ---------- NH PLANT IN SERVICE, closing 700,579 668.94S 636,938 620,788 604,250 S87,3!7 NET PLANT IN SERVICE, opening 741,651 700,S79 668,94S 636,938 620,788 604,250 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- NET PLANT IN SERVICE, Mid yr 721,i IS 684,762 652,942 628,863 612,519 59S,784 WORKING CAPiTAL ALLOWANCE 37,402 37,402 37,402 37,402 37,402 37,402 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- UTILITY RATE 8ASE, MID-YEAR -$ --7 -5 -8 -, -5 -1 -7 -$ -7 --2 -2 -, -1 -6 -4 -$ -6 --9 -0 -, -3 -4 -4 -$ --6 -6 -6 -, -2 -6 -5 -$ -6 --4 -9 -,9 -2 -1 - -$ --6 -3 -3 -, -1 -8 -6 SCHEDULE 2- INCOME 1989 1990 1991 l992 1993 1994 REVENUE (SChedUle 2ai $368,130 $371.676 $384, l 18 $363,473 $377,882 $385,207 !LEASE INCOME 4,684 4,871 S,066 S,269 5,480 5,699 JPURCHASE5 (5che<lu1e 2b) 85,004 87,637 93,978 98,698 103,853 109,423 I ---------- ---------- ---------- ---------- ---------- ---------- GROSS MARGIN 287,810 288,907 295,206 270,044 279,509 281,483 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Salaries and Wages 2S,209 26,217 27,266 28,357 29,491 30,671 SERL Adm ln. & Contract 42,485 44,184 4S,951 47,789 49,701 51,689 MISC. & Travel 9,S07 9,887 10,282 10,693 11,121 11,S66 YohOO & M 36,227 37,S80 38,986 40,S4S 42,167 43,8S4 Deprec1at1on (Schedule 2c) 43,072 43,674 44,288 28,677 29,316 29,967 I ---------- ---------- ---------- ---------- ---------- ---------- !oPERATING EXPENSES 156,500 161,S42 166,773 156,061 161,796 167,747 ---------- ---------- ---------- ---------- ---------- ---------- !utility Income oerore tax 131,310 127,365 128,433 113,983 117,713 i 13,736 II NCOME TAX EXPENSE 23,601 34,783 36,617 27,768 30,234 29,396 ---------- ---------- ---------- ---------- ---------- ---------- EARNED RETURN $107,709 $92,S81 $91,816 $86,215 $87,479 $84,340 =::======-== =-=======-= ========= ==::====-=== ========= ,.=,.====== SCHEDULE 3 - INCOME TAXES 1989 1990 1991 1992 1993 1994 Utll!ty Income before tax $131,310 $127,36S $128,433 $113,983 $117,713 $113,736 1 !Deduct: Interest (54,613) (SI,996) (49,705) (47,971) (46,794) (4S,589) ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- !Accounting Income 76,697 75,369 78,728 66,012 70,919 68,147 JT!m!ng differences (17,647) 8,824 8,824 ' - Power11ne oepn. 20,040 20,040 20,040 20,040 20,040 20,040 I - Powerllne CCA at (24,000) (23,040) (22,118) (21,234) (20,384) (19,S69) i 4.00% ---------- ---------- ---------- ---------- ---------- ---------- 'TAXABLE INCOME $S5,090 $81,193 $8S,474 $64,818 $70,S75 $68,618 42.84% ========= ==:::====== ===:::===== =-======== =====:==--=< ========= Ii ncome tax rate 42.8416 42.84'10 42.8416 42.84'10 42.8416 42.8416 !INCOME TAX EXPENSE $23 601 $34 783 $36 617 $27 768 $30,234 $29.396 :SCHEDULE 4- CAPITAL 1989 1990 1991 1992 1993 1994 [Notes Payaole <notlonall $455,110 $433,298 $414,206 $399,759 $389,953 $379,912 proportion 60.00% 6000% 60.00% 60.00% 60.00% 60.00% emoedded cost 1200% 12.00% 12.00% 12.001;; 12.00% 12.00% I % cost component 7.20% 7.20% 7.20% 7.20% 7.20% 7.20% I S return I $S4,613 $S I ,996 $49,705 $47,971 $46,794 $45,589 ' ' 12.00%1 icommon equity $303,407 $288,866 $276,138 $266,S06 $259,968 $253,274 I proport 1o n 40.00% 40.00% 40.00% 40.00% 40.00% 4000% ROE 17.50% 14.06% IS.25% 14.35% IS.64% 15.31% 1 % cost component 7.00% S.62% 6.10% S.74% 6.26% 6.12% 1 $return $53,096 S40,S8S $42, II I $38,244 $40,685 $38,751 40.00% ---------- ---------- ---------- ---------- ---------- ---------- !UTILITY RATE BASE $758,517 $722,164 $690,344 $666,265 $649,921 $633,186 =========== ========== ... ======::==== =========== =========== =========== =========== =========== =========== =========== =========== =========== =========== ===========
IR ETURN ON RATE 8ASE 14.20% 12.82% 13.30% 12.94% 13.46% 13.32%
6/21/88 1995 1996 1997 1998 1999 2000 2001 2002 $812,933 $826,228 $839,789 $853,621 $867,730 $882,121 $889,608 $897,2451 13,295 13,561 13,832 14,109 14,391 7,487 7,637 7,790 t.1J ---------- ---------- ---------- ---------- ---------- ---------- ----------1 (/) 826,228 839,789 853,621 867,730 882,121 889,608 897,24S 905,0351 f-3 H 2S6,248 287,5S8 319,560 3S2,267 382,261 412,629 443,379 ---------- ---------- ---------- ---------- ---------- ---------- ----------::s: >' S69,980 552,231 534,061 SIS,463 499,860 476,979 4S3,866 ---:;~~;;: I f-3 S87,317 569,980 SS2,231 S34,061 51S,463 499,860 476,979 453,8661 ---------- ---------- ---------- ---------- ---------- t.1J v 578.649 561,106 543,146 524,762 507,662 488,420 46S,423 --~~~~-~ 37,402 37,402 37,402 37,402 37,402 37,402 37,402 ~ ---------- ---------- ---------- ----------1 >' f-3 -S --6 -1 -6 -, -0 -S -I -$ -S --9 -8 -, -5 -0 -8 $S80,548 $562,164 $54S,064 $52S,822 SS02,825 --------- --------- ................... --------- --------- .:~~:~:~:I t1J (/) 199S 1996 1997 1998 1999 2000 2001 2002 $393,S82 $403,165 $409, IS5 $421,885 $427,347 $434,50S $441,5SO $448,7041 <." S,927 6,164 6,411 6,667 6,934 7,211 7,499 7,7991 "H" ' 115,299 121,471 125,117 128,877 132,7S2 136,740 140,842 145,0581 f-3 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------1 ::r:: 284,210 287,8S8 290,449 299,675 301,529 304,976 308,207 311,4451 ---------- ---------- ---------- ---------- ---------- ---------- ----------1 ·{/} 31,898 33,174 34,501 35,881 37,316 38,809 40,361 41,97SI f-' 53,757 SS,907 S8,143 60,469 62,888 65,404 68,020 70,741 N 12,029 12,510 13,010 13,530 14,071 14,634 1S,219 4S,608 47,432 49,329 Sl,302 S3,3S4 S5,488 57,708 ~~:~7~ I :s; 30,632 31,310 32,002 32,707 29,994 30,368 30,7SO 31,140 H ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------I L' 173,924 180,333 186,985 !93,889 197,623 204,703 212,0S8 219,7ool L' ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- I H 110,286 107,S25 103,464 105,786 103,906 100,273 96,149 91,7451 0 28,782 28,462 27,586 29,444 29,450 28,761 27,966 27,0481 z ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------I (/) $81,504 $79,063 $7S,878 $76,342 $74,4S6 $71,512 $68,!83 $64,6971 c ,.======== ========= ========= ========:z =======z= ========= ========= =========I IJ:l 1995 1996 1997 1998 1999 2000 2001 2002 I (/) H $110,286 $107,525 $103,464 $10S,786 $103,906 $100,273 $96,149 $91,7451 t1 (44,356) (43,093) (41,799) (40,476) (39,24S) (37,8S9) (36,203) (34,S31 r<: ---------- ---------- ---------- ---------- ----------6S,930 64,432 61,66S 6S,310 64,661 62,414 59,946 57,214 20,040 20,040 20,040 20,040 20,040 20,040 20,040 20,040 (18,786) (18,03SJ ( 17,313) (16,62!) ( IS,9S6) ( 15,318) (14,705) (14,117: ---------- ---------- ---------- ---------- ---------- ---------- ----------$67,184 $66,437 $64,392 $68,729 $68,74S $67,136 $65,281 $63,137 ===,.,===== ====:==-== ==-=====-== ========· ==·====== ========= ========= 42.84% 42.8416 42.8416 42.8416 42.84!10 42.84% 42.8416 42.84% $28,782 $28,462 $27,586 $29 444 $29,450 $28,761 $27,966 $27 045 199S 1996 1997 1998 1999 2000 2001 2002 $369,631 $359,105 $348,329 $337,298 $327,038 $315,493 $301,695 $287,756 60.00% 60.00% 6000% 6000% 60.00% 60.00% 60.00% 60.00% "d ::r> p; 1200% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% "d 7.20% 720% 7.20% 720% 7.20% 7.20% 720% 7.20% lQ "d $44,3S6 $43,093 $41,799 $40,476 $39,24S $37,859 $36,203 $34,531 <D trl z f-' t1 $246,420 $239,403 $232,219 $224,866 $218,026 $210,329 $201 '130 $191,837 H 40.00% 40.00% 4000% 40.00% 4000% 40.00% 40.00% 40.00% 0 :X IS.0816 15.02% 1468% 15.96% 16.14% 16.00% 15.89% 15.73% Hl 6.03% 601% 5.87% 6.38% 6.46% 6.40% 6.36% 6.29% n $37,148 $35,970 $34,079 $3S,866 $35,211 $33,653 $31,980 $30,166 N ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------$616,051 $598,508 $580,548 $562,164 $54S,064 $52S,822 $S02,825 $479,S93
13.23% 13.21% 13.07% 1:3S8% 13.66% 13.60% 13.56% 13.49%
YOHO GRID 3b YOHO POWER LTD. SCHEDULE 2a- RATES 1989 1990 1991 1992 1993 1994 RESIDENTIAL 7.6 New MWh Sales- MWh 460 465 470 475 480 485 Average rate/kWh 7.50 7.15 7.07 6.54 6.66 6.64 Baste charges I 8,442 7,642 7,642 7,642 7,642 7,642 Revenue $43,512 $40,890 $40,87! $38,707 $39,610 $39,846 230 242 254 267 280 294 7.50 7.15 7.07 6.54 666 664 6,759 6,759 6,759 6,759 6,759 6.759 $24,009 $24,062 $24,717 $24,221 $25,407 $26,281 450 520 525 530 535 540 34.21 3l.l2 30.91 28.54 2932 2944 5,400 5,400 5,400 5,400 5,400 5,400 $159,345 $167,216 $167,653 $ 156.642 $162,239 $164,355 Sales- MWh 67! 691 757 780 803 828 Average rate/kWh 20.71 19.75 19.53 18.06 18.38 18.32 Revenue $!38,964 $136,473 $147,842 $140,868 $147,591 $!51,690 20J STREET LIGHTS MWh 30 32 32 32 32 32 Revenue $3,035 $3,035 $3,035 $3,035 $3,035 $3,035 TOTAL ---------- ---------- ---------- ---------- ---------- ---------- Sales- MWh 1,841 1,949 2,037 2.084 2,129 2,178 Class average rates I 2004 19.07 18.86 17.44 17.75 17.69 Total class revenues $368,865 $371,676 $384, I 18 $363,473 $377,882 $385,207 -2410% -465% -1 10% -7.53% 1.78% -0.34% 20.00 19.07 18.86 17.44 1775 1769 . $ .. 3 .. 6 .. 8 .. , . 1 .. 3 . 0 .. . $ . 3 .. 7 .. 1 .. , . 6 .. 7 .. 3 .. . $ .. 3 ... 8 .. 4 .. , . 1 ... 1 .. 8 .. $363,473 $377,882 =--·--= .. - ... . $ ... 3 .. 8 ... 5 .. , .. 2 .. 0 ... 7 .. ............. ,.. ,., SCHEDULE 2b - PURCHASES 1989 1990 1991 1992 1993 1994 INFLATION Res.,Com.,lnd. 1.00% 5.00% 1.00% -Expenses 400% TRANSALTA 3.00% Demand charge $10.20 Energy charge 00!8 Sales & losses 5.00% Peak !oao - kW 517 Average rate/MWh 43.34 44.64 45.98 47.36 48.78 50.24 PURCHASES $83,736 $87,003 $93,661 $98,698 $103,853 $109,423 FUEL & LUBE ..... $ . 1 .. , . 2 .. 6 .. 8 . -----$ -6 -3 -4 - -----$ -3 -1 -7 - --------- ........, ............. ....................... MARGIN $283,126 $284,036 $290,140 $264,775 $274,029 $275,784 i 76.91% 7642% 75.53% 7285% 72.52% 71.59% 1989 1990 1991 1992 !993 1994 10.00% 5.00% 33.33% 3.33% 33.33% D~~<oco" 3,433 3,433 3,433 3,433 3,433 3,433 F'ECD-- Dtstrtbutton at ' " Sill 3,361 3,963 4,577 5,204 5,843 6,494 3,236 Transportation at :::53.3 3,238 3,238 CONNECT ION at 3.33% 20,040 20,040 20,040 20,040 20,040 20,040 !RED HEARING at 33.33% 13,000 13,000 13,000 ------- ---------- ---------- ---------- ---------- ---------- 43,072 43,674 44,288 28,677 29,316 29,967 ====.,===- .:====-=== ==-======z ========= ========= ========= COMMENTS DuPlicates "GRIDYOHO" Application, except: Contribution or $1.2 mllllon assumea. 2. ResJdentlai/Commerclal rates set at 7.5c/kWh 3. 1989 ROE set at 17.5% 4. "Excess· revenues after 1989 allocatea to 1n oustr!a1 class.
6/21/88 1995 1996 1997 1998 1999 2000 2001 2002 490 495 495 495 495 495 495 6.63 6.64 6.74 6.95 7.04 7.16 7.27 7,642 7,642 7,642 7,642 7,642 7,642 7,642 $40,129 $40,510 $41,005 $42,045 $42,490 $43,084 $43,629 309 324 324 324 324 324 324 6.63 6.64 6.74 6.95 704 7.16 7.27 6,759 6,759 6,759 6,759 6,759 6,759 6,759 $27,246 $28,273 $28,597 $29,277 $29,569 $29,957 $30,314 545 550 550 550 550 550 550 29.70 30.02 30.53 31.60 32.06 32.66 33 28 5,400 5,400 5,400 5,400 5.400 5,400 5,400 $167,256 $170,497 $173,298 $179.215 $181,745 $185,024 $188,445 852 878 878 878 878 878 878 18.30 18.32 18.59 19.17 19.42 19.75 20.06 $!55,916 $160,850 s 163,220 $168,313 s 170,508 $173,405 $176,127 32 32 32 32 32 32 32 $3,035 $3,035 $3,035 $3,035 $3,035 $3,035 $3,035 ---------- ---------- ---------- ---------- ---------- ---------- ----------2,228 2,279 2,279 2,279 2,279 2,279 2,279 17.67 17.69 1795 18.51 18.75 1907 19.37 $393,582 $403,165 $409,155 $421,885 $427,347 $434,S05 $441,550 -0.11% 0.11% 147% 3.12% 130% !71% 1.57% 17.67 !7.69 17.95 i8.51 18.75 19.07 19.37 $393,582 $403,165 .. ..... .......... . $ . 4 ... 0 .. 9 ... , . 1 .. 5 ... 5 .. . $ . . 4 ... 2 .. 1 ... , . 8 .. 8 ... 5 .. . $ . . 4 ... 2 .. 7 .. , . 3 . 4 .. 7 .. . $ . . 4 ... 3 .. 4 ... , . 5 .. 0 ... 5 .. . $ . 4 ... 4 ... 1 .. , . 5 ... 5 ... 0 .. $448,704 ·=·=·--...... ,. ,. ... ............ 1995 1996 1997 1998 1999 2000 2001 2002 5175 5330 5490 5655 5825 60.00 61.80 $115,299 $121,471 $125,117 $128,877 $132,752 $136,740 $140,842 ... ..................... .. .............. ,.,,., ... .... .., ......... ,.. .......... ,. ... $278,283 $281,694 $284,038 $293,008 $294,595 $297,765 $300,708 70.71% 69.87% 69.42% 69.45% 6894% 68.53% 68.10% 1995 \996 1997 1998 1999 2000 2001 3,433 3,433 3,433 3,433 7,!59 7,837 8,S29 9,234 9,9S4 10,328 10,710 I 1,100 'U :P' OJ 'U 20,040 20,040 20,040 20,040 20,040 20,040 20,040 20,040 lQ 'U (j) I:I:l z ---------- ---------- ---------- ---------- ---------- ---------- ---------- N t:! 30,632 3t ,3i0 32,002 32,707 29,994 30,368 30,750 31,140 H =====.:==== ========= ========= =======z:: ========= ======::;:::= ========= 0 >< Hl n N