NYISO Tariffs --> Open Access Transmission Tariff (OATT) --> 14 OATT Attachment H - Annual Transmission Revenue Requireme --> 14.2-14.2.1 OATT Att H Attachment 1 to Attachment H
Niagara Mohawk Power Corporation |
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| Attachment 1 | ||||||||||
Calculation of RR Pursuant to Attachment H, Section 14.1.9.2 |
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| Schedule 1 | ||||||||||
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| Calculation of RR |
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| 14.1.9.2 | The RR component shall equal the (a) Historical Transmission Revenue Requirement plus (b) the Forecasted Transmission Revenue Requirement plus (c) the Annual True-Up, determined in accordance with the formula below. |
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Historical Transmission Revenue Requirement (Historical TRR) |
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Line No. |
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1 |
| Historical Transmission Revenue Requirement (Historical TRR) |
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2 |
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3 | 14.1.9.2 (a) | Historical TRR shall equal the sum of NMPC’s (A) Return and Associated Income Taxes, (B) Transmission Related Depreciation Expense, (C) |
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4 |
| Transmission Related Real Estate Tax Expense, (D) Transmission Related Amortization of Investment Tax Credits, |
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5 |
| (E) Transmission Operation and Maintenance Expense, (F) Transmission Related Administrative and General Expenses, (G) Transmission |
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| Related Payroll Tax Expense, (H) Amortization of Transmission Regulatory Assets and Liabilities, (I) Billing Adjustments, and (J) Transmission Related Bad Debt Expense less |
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7 |
| (K) Revenue Credits, and (L) Transmission Rents, all determined for the most recently ended calendar year as of the beginning of the update year. |
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8 |
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| Reference |
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9 |
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| Section: |
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10 |
| Return and Associated Income Taxes |
| (A) |
| #DIV/0! |
| Schedule 8, Line 64 | |||||||||
11 |
| Transmission-Related Depreciation Expense |
| (B) |
| #DIV/0! |
| Schedule 9, Line 6, column 5 | |||||||||
12 |
| Transmission-Related Real Estate Taxes |
| (C) |
| #DIV/0! |
| Schedule 9, Line 12, column 5 | |||||||||
13 |
| Transmission - Related Investment Tax Credit |
| (D) |
| #DIV/0! |
| Schedule 9, Line 16, column 5 times minus 1 | |||||||||
14 |
| Transmission Operation & Maintenance Expense |
| (E) |
| $0 |
| Schedule 9, Line 23, column 5 | |||||||||
15 |
| Transmission Related Administrative & General Expense |
| (F) |
| #DIV/0! |
| Schedule 9, Line 38, column 5 | |||||||||
16 |
| Transmission Related Payroll Tax Expense |
| (G) |
| $0 |
| Schedule 9, Line 44, column 5 | |||||||||
17 |
| Amortization of Transmission Regulatory Assets and Liabilities |
| (H) |
| #DIV/0! |
| Schedule 9, Line 46, column 5 |
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18 |
| Sub-Total (sum of Lines 10 - Line 17) |
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| #DIV/0! |
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19 |
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20 |
| Billing Adjustments |
| (I) |
| $0 |
| Schedule 10, Line 1 | |||||||||
21 |
| Bad Debt Expenses |
| (J) |
| $0 |
| Schedule 10, Line 4 | |||||||||
22 |
| Revenue Credits |
| (K) |
| $0 |
| Schedule 10, Line 7 | |||||||||
23 |
| Transmission Rents |
| (L) |
| $0 |
| Schedule 10, Line 14 | |||||||||
24 |
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25 |
| Total Historical Transmission Revenue Requirement (Sum of Line 18 - Line 23) |
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| #DIV/0! |
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Niagara Mohawk Power Corporation |
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| Attachment 1 | ||
Forecasted Transmission Revenue Requirement |
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| Schedule 2 | |||
| Attachment H, Section 14.1.9.2 |
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| Shading denotes an input |
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Line No. |
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1 | 14.1.9.2 (b) | FORECASTED TRANSMISSION REVENUE REQUIREMENTS |
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2 |
| Forecasted TRR shall equal (1) the Forecasted Transmission Plant Additions (FTPA) multiplied by the Adjusted Annual (AFTRRF), plus (2) Forecasted ADIT Adjustment (FADITA), plus (3) the Mid-Year Trend | ||||||
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| Adjustment (MYTA), less (4) Transmission Support Payments (TSP), plus (5) the Tax Rate Adjustment (TRA), less (6) Other Billing Adjustments (OBA) as shown in the following formula: | ||||||
4 |
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5 |
| Forecasted TRR = (FTPA * AFTRRF) + FADITA + MYTA - TSP + TRA - OBA |
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6 |
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7 |
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| Period | Reference |
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8 |
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9 |
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10 | (1) | FORECASTED TRANSMISSION PLANT ADDITIONS (FTPA) |
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| $0 |
| Workpaper 8, Section I, Line 16 |
11 |
| Adjusted Annual Transmission Revenue Requirement Factor (AFTRRF) |
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| #DIV/0! |
| Line 76 |
12 |
| Sub-Total (Lines 10*11) |
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| #DIV/0! |
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13 |
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14 | (2) | FORECASTED ADIT ADJUSTMENT (FADITA) |
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15 |
| The Forecasted ADIT Adjustment (FADITA) shall equal the Forecasted ADIT (FADIT) |
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16 |
| multiplied by the Cost of Capital Rate, where: |
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17 |
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18 |
| Forecasted ADIT(FADIT) shall equal the projected change in Accumulated Deferred Income Taxes from the most recently |
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19 |
| concluded calendar year related to accelerated depreciation and associated with Transmission Plant for the |
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20 |
| Forecasted Period calculated in accordance with Treasury regulation Section 1.167(1)-1(h)(6). |
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21 |
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22 |
| Forecasted ADIT (FADIT) |
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| #DIV/0! |
| Schedule 13, Line 24 |
23 |
| Cost of Capital Rate |
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| #DIV/0! |
| Schedule 8, Line 62 |
24 |
| Forecasted ADIT Adjustment (FADITA) |
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| #DIV/0! |
| Line 22 * Line 23 |
25 |
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26 | (3) | MID YEAR TREND ADJUSTMENT (MYTA) |
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27 |
| The Mid-Year Trend Adjustment shall be the difference, whether positive or negative, between |
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28 |
| (i) the Historical TRR Component (E) excluding Transmission Support Payments, based on actual data for the first three months of the Forecast Period, |
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29 |
| and (ii) the Historical TRR Component (E) excluding Transmission Support Payments, based on data for the first three months of the year prior to the Forecast Period. |
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30 |
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31 |
| Plus Mid-Year Trend Adjustment (MYTA) |
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| $0 |
| Workpaper 9, line 32, variance column |
32 |
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33 | (4) | TRANSMISSION SUPPORT PAYMENTS (TSP) |
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34 |
| Less Impact of Transmission Support Payments on Historical Transmission Revenue Requirement |
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| $0 |
| Workpaper 9A |
35 |
| Less: Other Billing Adjustments - Dunkirk Settlement ER14-543-000 |
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| $0 |
| Schedule 10 |
36 |
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37 | (5) | TAX RATE ADJUSTMENT (TRA) |
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38 |
| The Tax Rate Adjustment shall be the amount, if any, required to adjust Historical TRR Component (A) for any change in the Federal Income Tax Rate |
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39 |
| and/or the State Income Tax Rate that takes effect during the first five months of the Forecast Period. |
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40 |
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41 |
| Tax Rate Adjustment (TRA) |
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| $0 |
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42 |
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43 | (6) | OTHER BILLING ADJUSTMENTS (OBA) |
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44 |
| Other Billing Adjustments shall equal any amounts related to the HTRR calculation that are |
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45 |
| required to be adjusted in the current year's FTRR to remove the impact on the Update Year |
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46 |
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47 |
| Other Billing Adjustments (OBA) |
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| $0 |
| Schedule 10, Line 1 |
48 |
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49 |
| Forecasted Transmission Revenue Requirement (Line 12 + Line 24 + Line 31 – Line 34 – Line 35 + Line 41-Line 47) |
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| #DIV/0! |
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50 |
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51 | 14.1.9.2(c) | ANNUAL FORECAST TRANSMISSION REVENUE REQUIREMENT FACTOR |
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52 |
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53 |
| Adjusted Annual Forecast Transmission Revenue Requirement Factor (AFTRRF) shall equal the difference between the Annual Forecast |
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54 |
| Transmission Revenue Requirement Factor (FTRRF) and the quotient of (1) Cost of Capital Rate multiplied by the Transmission Related |
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55 |
| Accumulated Deferred Taxes less Accumulated Deferred Inv. Tax Cr (255) for the most recently concluded calendar year, |
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56 |
| and (ii) the year-end Transmission Plant in Service determined in accordance with Section 14.1.9.2 (a), component (A)1(a). |
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57 |
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58 |
| The Annual Forecast Transmission Revenue Requirement Factor (Annual FTRRF) shall equal the sum of Historical TRR components (A) through (C), |
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59 |
| divided by the year-end balance of Transmission Plant in Service determined in accordance with Section 14.1.9.2 (a), component (A)1(a). |
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60 |
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61 |
| Derivation of Annual Forecast Transmission Revenue Requirement Factor (FTRRF) |
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62 |
| Investment Return and Income Taxes |
| (A) |
| #DIV/0! |
| Schedule 1, Line 10 |
63 |
| Depreciation Expense |
| (B) |
| #DIV/0! |
| Schedule 1, Line 11 |
64 |
| Property Tax Expense |
| (C) |
| #DIV/0! |
| Schedule 1, Line 12 |
65 |
| Total Expenses (Lines 62 thru 64) |
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| #DIV/0! |
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66 |
| Transmission Plant |
| (a) |
| #DIV/0! |
| Schedule 6, Page 1, Line 12 |
67 |
| Annual Forecast Transmission Revenue Requirement Factor (Lines 65/ Line 66) |
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| #DIV/0! |
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68 |
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69 |
| Adjustment to FTRRF to reflect removal of ADIT that is subject to normalization |
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70 |
| Transmission Related ADIT Balance at year-end |
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| #DIV/0! |
| Schedule 7, Line 2 |
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71 |
| Cost of Capital Rate |
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| #DIV/0! |
| Schedule 8, Line 62 |
72 |
| Total Return and Income Taxes Associated with ADIT Balance at year-end |
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| #DIV/0! |
| Line 70 * Line 71 |
73 |
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74 |
| Annual Forecast Transmission Revenue Requirement Factor (FTRRF) |
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| #DIV/0! |
| Line 67 |
75 |
| Less: Incremental Annual Forecast Transmission Revenue Requirement Factor Adjustment for ADIT |
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| #DIV/0! |
| Line 72/ Line 66 |
76 |
| Adjusted Annual Forecast Transmission Revenue Requirement Factor (AFTRRF) |
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| #DIV/0! |
| Line 74 - Line 75 |
Niagara Mohawk Power Corporation |
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| Attachment 1 | ||
Annual True-up (ATU) |
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| Schedule 3 | ||
| Attachment H Section 14.1.9.2 (c) |
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2 | 14.1.9.2(d) | The Annual True-Up (ATU) shall equal (1) the difference between the Actual Transmission Revenue Requirement and the Prior Year | |||
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| Transmission Revenue Requirement, plus (2) the difference between the Actual Scheduling, System Control and Dispatch costs | |||
4 |
| and Prior Year Scheduling, System Control and Dispatch costs, plus (3) the difference between the Prior Year Billing Units and the Actual Year | |||
5 |
| Billing Units multiplied by the Prior Year Unit Rate, plus (4) Interest on the net differences. | |||
6 |
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7 | (1) | Revenue Requirement (RR) of rate effective July 1 of prior year | $0 |
| Schedule 4, Line 1, Col (d) |
8 |
| Less: Annual True-up (ATU) from rate effective July 1 of prior year | $0 |
| Schedule 4, Line 1, Col (c) |
9 |
| Prior Year Transmission Revenue Requirement | $0 |
| Line 7 - Line 8 |
10 |
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11 |
| Actual Transmission Revenue Requirement | #DIV/0! |
| Schedule 4, Line 2, Col (a) |
12 |
| Difference | #DIV/0! |
| Line 11 - Line 9 |
13 |
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14 | (2) | Prior Year Scheduling, System Control and Dispatch costs (CCC) | $0 |
| Schedule 4, Line 1, Col (e) |
15 |
| Actual Scheduling, System Control and Dispatch costs (CCC) | $0 |
| Schedule 4, Line 2, Col (e) |
16 |
| Difference | $0 |
| Line 15 - Line 14 |
17 |
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18 | (3) | Prior Year Billing Units (MWH) | $0 |
| Schedule 4, Line 1, Col (f) |
19 |
| Actual Billing Units | - |
| Schedule 4, Line 2, Col (f) |
20 |
| Difference | - |
| Line 18 - Line 19 |
21 |
| Prior Year Indicative Rate | #DIV/0! |
| Schedule 4, Line 1, Col (g) |
22 |
| Billing Unit True-Up | #DIV/0! |
| Line 20 * Line 21 |
23 |
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24 |
| Total Annual True-Up before Interest | #DIV/0! |
| (Line 12 + Line 16 + Line 22) |
25 |
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26 | (4) | Interest | #DIV/0! |
| Line 57, Column 9 |
27 |
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28 |
| Annual True-up RR Component | #DIV/0! |
| (Line 24 + Line 26) |
29 |
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30 |
| Interest Calculation per 18 CFR § 35.19a |
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31 |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
32 |
| Quarters | Annual | Accrued Prin | Monthly | Days |
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| Accrued Prin | Accrued |
33 |
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| Interest | & Int. @ Beg | (Over)/Under | in | Period |
| & Int. @ End | Int. @ End |
34 |
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| Rate (a) | Of Period | Recovery | Period (b) | Days | Multiplier | Of Period | Of Period |
35 |
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36 |
| 3rd QTR |
| 0 |
| 92 | 92 | 1.0000 | $0 | $0 |
37 |
| July | 0.00% |
| #DIV/0! | 31 | 92 | 1.0000 | #DIV/0! | #DIV/0! |
38 |
| August | 0.00% |
| #DIV/0! | 31 | 61 | 1.0000 | #DIV/0! | #DIV/0! |
39 |
| September | 0.00% |
| #DIV/0! | 30 | 30 | 1.0000 | #DIV/0! | #DIV/0! |
40 |
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41 |
| 4th QTR |
| #DIV/0! |
| 92 | 92 | 1.0000 | #DIV/0! | #DIV/0! |
42 |
| October | 0.00% |
| #DIV/0! | 31 | 92 | 1.0000 | #DIV/0! | #DIV/0! |
43 |
| November | 0.00% |
| #DIV/0! | 30 | 61 | 1.0000 | #DIV/0! | #DIV/0! |
44 |
| December | 0.00% |
| #DIV/0! | 31 | 31 | 1.0000 | #DIV/0! | #DIV/0! |
45 |
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46 |
| 1st QTR |
| #DIV/0! |
| 91 | 91 | 1.0000 | #DIV/0! | #DIV/0! |
47 |
| January | 0.00% |
| #DIV/0! | 31 | 91 | 1.0000 | #DIV/0! | #DIV/0! |
48 |
| February | 0.00% |
| #DIV/0! | 28 | 60 | 1.0000 | #DIV/0! | #DIV/0! |
49 |
| March | 0.00% |
| #DIV/0! | 31 | 31 | 1.0000 | #DIV/0! | #DIV/0! |
50 |
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51 |
| 2nd QTR |
| #DIV/0! |
| 91 | 91 | 1.0000 | #DIV/0! | #DIV/0! |
52 |
| April | 0.00% |
| #DIV/0! | 30 | 91 | 1.0000 | #DIV/0! | #DIV/0! |
53 |
| May | 0.00% |
| #DIV/0! | 31 | 61 | 1.0000 | #DIV/0! | #DIV/0! |
54 |
| June | 0.00% |
| #DIV/0! | 30 | 30 | 1.0000 | #DIV/0! | #DIV/0! |
55 |
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56 |
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57 |
| Total (over)/under Recovery |
| #DIV/0! | (line 24) | #DIV/0! |
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| (a) Interest rates shall be the interest rates as reported on the FERC Website http://www.ferc.gov/legal/acct-matts/interest-rates.asp |
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| (b) For leap years use 29 days in the month of February |
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| Attachment 1 | ||||||||||
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| Schedule 4 | |||||||||
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| Niagara Mohawk Power Corporation |
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Wholesale TSC Calculation Information |
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| (b)
| (c)
| (d)
| (e)
| (f)
| (g)
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Line No. |
| Historical Transmission Revenue Requirement (Historical TRR) | Forecasted Transmission Revenue Requirement | Annual True Up | Revenue Requirement (RR) | Scheduling System Control and Dispatch Costs (CCC) | Annual Billing Units (BU) MWh | Rate $/MWh (*) | |||||||||
1 | Prior Year Rates Effective ________ | - | - | - | - | - | - | #DIV/0! | |||||||||
2 | Current Year Rates Effective July 1, _______ | #DIV/0! | #DIV/0! |
| #DIV/0! | - | - | #DIV/0! | |||||||||
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3 | Increase/(Decrease) |
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| #DIV/0! | |||||||||
4 | Percentage Increase/(Decrease) |
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1.) | Information directly from Niagara Mohawk Prior Year Informational Filing |
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2.) |
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(a) | Schedule 1, Line 24 |
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(b) | Schedule 2, Line 49 |
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(c) | Schedule 3, Line 28 |
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(d) | Attachment H, Section 14.1.9.2 The RR Component shall equal Col (a) Historical Transmission Revenue Requirement plus Col (b) the Forecasted Transmission Revenue Requirement which shall exclude Transmission Support Payments, plus Col (c) the Annual True-Up plus Col (c) the Annual True-Up | ||||||||||||||||
(e) | Schedule 11, Line 21 - Annual Scheduling, System Control and Dispatch Costs. (i.e. the Transmission Component of control center costs) as recorded in FERC Account 561 and its associated sub-accounts from the prior calendar year excluding any NY Independent System Operator (NYISO) system control and load dispatch expenses already recovered under Schedule 1 of the NYISO Tariff. | ||||||||||||||||
(f) | Schedule 12, line 17 - Billing Units shall be the total Niagara Mohawk load as reported to the NYISO for the calendar year prior to the Forecast Period, including the load for customers taking service under Niagara Mohawk's TSC rate. The total Niagara Mohawk load will be adjusted to exclude (i) load associated with wholesale transactions being revenue credited through the WR, CRR, SR, ECR, and Reserved components of Attachment H of the NYISO TSC rate including Niagara Mohawk's external sales, load associated with grandfathered OATT agreements, and any load related to pre-OATT grandfathered agreements; (ii) load associated with transactions being revenue credited under Historical TRR Component J; and (iii) load associated with netted station service. | ||||||||||||||||
(g) | (Col (d) + Col (e)) / Col (f) |
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(*) | The rate column represents the unit rate prior to adjustments; the actual rate will be determined pursuant to the applicable TSC formula rate. | ||||||||||||||||
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Niagara Mohawk Power Corporation |
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| Attachment 1 | ||
Allocation Factors - As calculated pursuant to Section 14.1.9.1 |
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| Schedule 5 | |||
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Line |
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No. |
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| Description |
| Amount |
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| Definition |
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1 | 14.1.9.1 1. | Electric Wages and Salaries Factor |
| 83.5000% |
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| Fixed per settlement Docket ER08-552 |
2 |
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3 | 14.1.9.1 3. | Transmission Wages and Salaries Allocation Factor | 13.0000% |
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| Fixed per settlement Docket ER08-552 | |
4 |
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5 |
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6 |
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7 |
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8 | 14.1.9.1 2. | Gross Transmission Plant Allocation Factor |
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9 |
| Transmission Plant in Service |
| #DIV/0! |
| Schedule 6, Page 2, Line 3, Col 5 |
| Gross Transmission Plant Allocation Factor shall equal the total investment in |
10 |
| Plus: Transmission Related General |
| $0 |
| Schedule 6, Page 2, Line 5, Col 5 |
| Transmission Plant in Service, Transmission Related Electric General Plant, |
11 |
| Plus: Transmission Related Common |
| $0 |
| Schedule 6, Page 2, Line 10, Col 5 |
| Transmission Related Common Plant and Transmission Related Intangible Plant |
12 |
| Plus: Transmission Related Intangible Plant | $0 |
| Schedule 6, Page 2, Line 15, Col 5 |
| divided by Gross Electric Plant. | |
13 |
| Gross Transmission Investment |
| #DIV/0! |
| Sum of Lines 9 - 13 |
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14 |
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15 |
| Total Electric Plant |
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| FF1 204-207.104g |
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16 |
| Plus: Electric Common |
| $0 |
| Schedule 6, Page 2, Line 10, Col 3 |
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17 |
| Gross Electric Plant in Service |
| $0 |
| Line 15 + Line 16 |
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18 |
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19 |
| Percent Allocation |
| #DIV/0! |
| Line 13 / Line 17 |
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20 |
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21 | 14.1.9.1 4. | Gross Electric Plant Allocation Factor |
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22 |
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23 |
| Total Electric Plant in Service |
| $0 |
| Line 15 |
| Gross Electric Plant Allocation Factor shall equal |
24 |
| Plus: Electric Common Plant |
| $0 |
| Schedule 6, Page 2, Line 10, Col 3 |
| Gross Electric Plant divided by the sum of Total Gas Plant, |
25 |
| Gross Electric Plant in Service |
| $0 |
| Line 23 + Line 24 |
| Total Electric Plant, and Total Common Plant |
26 |
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27 |
| Total Gas Plant in Service |
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| FF1 200-201.8d, minus 4d |
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28 |
| Total Electric Plant in Service |
| $0 |
| Line 15 |
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29 |
| Total Common Plant in Service |
| $0 |
| Schedule 6, Page 2, Line 10, Col 1 |
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30 |
| Gross Plant in Service (Gas & Electric) |
| - |
| Sum of Lines 27-Lines 29 |
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31 |
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32 |
| Percent Allocation |
| #DIV/0! |
| Line 25 / Line 30 |
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Niagara Mohawk Power Corporation |
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| Attachment 1 Schedule 6 Page 1 of 2 |
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Annual Revenue Requirements of Transmission Facilities |
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Transmission Investment Base (Part 1 of 2) |
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Attachment H, section 14.1.9.2 |
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Line No. |
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1 | 14.1.9.2 (a) | Transmission Investment Base |
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2 |
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3 | A.1. | Transmission Investment Base shall be defined as (a) Transmission Plant in Service, plus (b) Transmission Related Electric General Plant, plus |
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| (c) Transmission Related Common Plant, plus (d) Transmission Related Intangible Plant, plus (e) Transmission Related Plant Held for Future Use, less | |||||||||||||||||
5 |
| (f) Transmission Related Depreciation Reserve, less (g) Transmission Related Accumulated Deferred Taxes, plus (h) | |||||||||||||||||
6 |
| Transmission Regulatory Assets and Liabilities, plus (i) Transmission Related Prepayments, plus (j) Transmission Related Materials and Supplies, | |||||||||||||||||
7 |
| plus (k) Transmission Related Cash Working Capital. | |||||||||||||||||
8 |
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9 |
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10 |
| Description |
| Reference |
| Year |
| Reference |
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11 |
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| Section: |
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12 |
| Transmission Plant in Service |
| (a) |
| #DIV/0! |
| Schedule 6, page 2, line 3, column 5 | |||||||||||
13 |
| General Plant |
| (b) |
| $0 |
| Schedule 6, page 2, line 5, column 5 | |||||||||||
14 |
| Common Plant |
| (c) |
| $0 |
| Schedule 6, page 2, line 10, column 5 | |||||||||||
15 |
| Intangible Plant |
| (d) |
| $0 |
| Schedule 6, page 2, line 15, column 5 | |||||||||||
16 |
| Plant Held For Future Use |
| (e) |
| $0 |
| Schedule 6, page 2, line 19, column 5 | |||||||||||
17 |
| Total Plant (Sum of Line 12 - Line 16) |
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18 |
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19 |
| Accumulated Depreciation |
| (f) |
| #DIV/0! |
| Schedule 6, page 2, line 29, column 5 | |||||||||||
20 |
| Accumulated Deferred Income Taxes |
| (g) |
| #DIV/0! |
| Schedule 7, line 6, column 5 | |||||||||||
21 |
| Transmission Regulatory Assets and Liabilities |
| (h) |
| #DIV/0! |
| Schedule 7, line 11, column 5 | |||||||||||
22 |
| Net Investment (Sum of Line 17 -Line 21) |
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23 |
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24 |
| Prepayments |
| (i) |
| #DIV/0! |
| Schedule 7, line 15, column 5 | |||||||||||
25 |
| Materials & Supplies |
| (j) |
| #DIV/0! |
| Schedule 7, line 21, column 5 | |||||||||||
26 |
| Cash Working Capital |
| (k) |
| $0 |
| Schedule 7, line 28, column 5 | |||||||||||
27 |
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28 |
| Total Investment Base (Sum of Line 22 - Line 26) |
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| Attachment 1 | ||||||||||||||||||||||
Annual Revenue Requirements of Transmission Facilities |
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| Schedule 6 | ||||||||||||||||||||||
Transmission Investment Base (Part 1 of 2) |
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| Page 2 of 2 | ||||||||||||||||||||||
| Attachment H Section 14.1. 9.2 (a) A. 1. |
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| (3) = (1)*(2) |
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| (5) = (3)*(4) |
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Line |
| (1) |
| Allocation |
| Electric |
| Allocation |
| Transmission |
| FERC Form 1/PSC Report |
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No. |
| Total |
| Factor |
| Allocated |
| Factor |
| Allocated |
| Reference for col (1) |
| Definition | |||||||||||||||
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1 | Transmission Plant |
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| FF1 204-207.58g | 14.1.9.2(a)A.1.(a) | Transmission Plant in Service shall equal the | |||||||||||||||
2 | Wholesale Meter Plant |
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| #DIV/0! |
| Workpaper 1 |
| balance of total investment in Transmission Plant | |||||||||||||||
3 | Total Transmission Plant in Service (Line 1+ Line 2) |
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| #DIV/0! |
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| plus Wholesale Metering Investment. | ||||||||||||||||
4 |
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5 | General Plant |
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| 100.00% |
| $0 |
| 13.00% | (c) | $0 |
| FF1 204-207.99g | 14.1.9.2(a)A.1.(b) | Transmission Related Electric General Plant shall | |||||||||||||||
6 |
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| equal the balance of investment in Electric General | |||||||||||||||
7 |
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| Plant multiplied by the Transmission Wages and | |||||||||||||||
8 |
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| Salaries Allocation Factor. | |||||||||||||||
9 |
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10 | Common Plant |
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| 83.50% | (a) | $0 |
| 13.00% | (c) | $0 |
| FF1 200-201. 8h | 14.1.9.2(a)A.1.(c) | Transmission Related Common Plant shall equal Common | |||||||||||||||
11 |
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| Plant multiplied by the Electric Wages and Salaries | |||||||||||||||
12 |
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| Allocation Factor and further multiplied by the | |||||||||||||||
13 |
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| Transmission Wages and Salaries Allocation Factor. | |||||||||||||||
14 |
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15 | Intangible Plant |
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| 100.00% |
| - |
| 13.00% | (c) | $0 |
| FF1 204-207.5g | 14.1.9.2(a)A.1.(d) | Transmission Related Intangible Plant shall equal Intangible | |||||||||||||||
16 |
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| Electric Plant multiplied by the Transmission Wages and | |||||||||||||||
17 |
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| Salaries Allocation Factor. | |||||||||||||||
18 |
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19 | Transmission Plant Held for Future Use | $0 |
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| $0 |
| Workpaper 10 | 14.1.9.2(a)A.1.(e) | Transmission Related Plant Held for Future Use shall equal | |||||||||||||||
20 |
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| the balance in Plant Held for Future Use associated with | |||||||||||||||
21 |
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| property planned to be used for transmission service within | |||||||||||||||
22 |
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| five years. | |||||||||||||||
23 | Transmission Accumulated Depreciation |
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24 | Transmission Accum. Depreciation |
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| FF1 219.25b | 14.1.9.2(a)A.1.(f) | Transmission Related Depreciation Reserve shall equal the | |||||||||||||||
25 | General Plant Accum.Depreciation |
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| 100.00% |
| $0 |
| 13.00% | (c) | $0 |
| FF1 219.28b |
| balance of: (i) Transmission Depreciation Reserve, plus (ii) | |||||||||||||||
26 | Common Plant Accum Depreciation |
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| 83.50% | (a) | $0 |
| 13.00% | (c) | $0 |
| FF1 200-201.22h | the product of Electric General Plant Depreciation Reserve | ||||||||||||||||
27 | Amortization of Other Utility Plant |
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| 100.00% |
| $0 |
| 13.00% | (c) | $0 |
| FF1 200-201.21c |
| multiplied by the Transmission Wages and Salaries | |||||||||||||||
28 | Wholesale Meters | #DIV/0! |
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| #DIV/0! |
| Workpaper 1 |
| Allocation Factor, plus (iii) the product of Common Plant | |||||||||||||||
29 | Total Depreciation (Sum of Line 24 - Line 28) |
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| Depreciation Reserve multiplied by the Electric Wages and | ||||||||||||||||
30 |
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| Salaries Allocation Factor and further multiplied by the | |||||||||||||||
31 |
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| Transmission Wages and Salaries Allocation Factor plus (iv) | |||||||||||||||
32 |
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| the product of Intangible Electric Plant Depreciation Reserve | |||||||||||||||
33 |
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| multiplied by the Transmission Wages and Salaries | |||||||||||||||
34 |
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| Allocation Factor plus (v) depreciation reserve associated with | |||||||||||||||
35 |
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| the Wholesale Metering Investment. | |||||||||||||||
36 |
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| Allocation Factor Reference |
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| (a) Schedule 5, line 1 |
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| (b) Schedule 5, line 32 - not used on this Schedule |
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| (c) Schedule 5, line 3 |
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| (d) Schedule 5, line 19 - not used on this Schedule |
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Niagara Mohawk Power Corporation | Attachment 1 | ||||||||||||||||||||||||||||
Annual Revenue Requirements of Transmission Facilities | Schedule 7 | ||||||||||||||||||||||||||||
Transmission Investment Base ( Part 2 of 2) |
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| Attachment H Section 14.1.9.2 (a) A. 1. |
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| Shading denotes an input |
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Line No. |
| (1) Total | (2) Allocation Factor | (3) = (1)*(2) Electric Allocated | (4) Allocation Factor | (5) = (3)*(4) Transmission Allocated | FERC Form 1/PSC Report Reference for col (1) |
| Definition | ||||||
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| Transmission Accumulated Deferred Taxes |
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1 2 |
Accumulated Deferred Taxes (281) Accumulated Deferred Taxes (282) |
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100.00% 100.00% |
$0 $0 |
#DIV/0! (d #DIV/0! (d) |
#DIV/0! #DIV/0! |
FF1 272-273 Line 2k Schedule 13(a) AADIT, Line 3 | 14.1.9.2(a)A.1.(g) | Transmission Related Accumulated Deferred Income Taxes | ||||||
3 | Accumulated Deferred Taxes (283) | $0 | 100.00% | $0 | #DIV/0! (d) | #DIV/0! | Workpaper 2, Line 5 |
| shall equal the electric balance of Total Accumulated Deferred | ||||||
4 | Accumulated Deferred Taxes (190) |
| 100.00% | $0 | #DIV/0! (d) | #DIV/0! | FF1 234.8c |
| Income Taxes (FERC Accounts 190, 55,281, 282, and 283 net of | ||||||
5 | Accumulated Deferred Inv. Tax Cr (255) |
| 100.00% | $0 | #DIV/0! (d) | #DIV/0! | FF1 266-267.8h |
| stranded costs), multiplied by the Gross Transmission Plant | ||||||
6 | Total (Sum of Line 2 - Line 5) |
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| $0 |
| #DIV/0! |
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| Allocation Factor. | ||||||
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7 | Transmission Regulatory Assets and Liabilities |
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8 | Excess AFUDC |
| 100.00% | $0 | #DIV/0! (d) | #DIV/0! | FF1 232 lines_ f | 14.1.9.2(a)A.1.(h) | Transmission Related Regulatory Assets and Liabilities shall equal: (i) the balance of Regulatory Assets net of Regulatory Liabilities assigned to Transmission plus (ii) the electric balance of Regulatory Assets net of Regulatory Liabilities multiplied by the Gross Transmission Plant Allocation Factor. | ||||||
9 | FAS 109 | $0 | 100.00% | $0 | #DIV/0! (d) | #DIV/0! | Schedule 14, line 3a, column Q |
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10 | Excess (Deficient) ADIT – Tax Rate Changes | $0 | 100.00% | $0 | 100.00% | $0 | Schedule 14, line 2, column Q |
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11 | Total (Line 8 + Line 9 + Line 10) | $0 |
| $0 |
| #DIV/0! |
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12 |
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13 | Transmission Prepayments |
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| FF1 110-111.57c | 14.1.9.2(a)A.1.(i) | Transmission Related Prepayments shall be the product of | ||||||
14 | Less: Prepaid State and Federal Income Tax |
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| FF1 262-263 _ k |
| Prepayments excluding Federal and State taxes multiplied by | ||||||
15 | Total Prepayments (Line 13 + Line 14) | $0 | #DIV/0! (b) | #DIV/0! | #DIV/0! (d) | #DIV/0! |
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| the Gross Electric Plant Allocation Factor and further | ||||||
16 |
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| multiplied by the Gross Transmission Plant Allocation Factor. | ||||||
17 |
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18 | Transmission Material and Supplies |
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| 14.1.9.2(a)A.1.(j) | Transmission Related Materials and Supplies shall equal: (i) | ||||||
19 | Trans. Specific O&M Materials and Supplies |
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| $0 | FF1 227.8c |
| the balance of Materials and Supplies assigned to | ||||||
20 | Construction Materials and Supplies |
| #DIV/0! (b) | #DIV/0! | #DIV/0! (d) | #DIV/0! | FF1 227.5c |
| Transmission plus (ii) the product of Material and Supplies | ||||||
21 | Total (Line 19 + Line 20) |
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| #DIV/0! |
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| assigned to Construction multiplied by the Gross Electric | ||||||
22 |
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| Plant Allocation Factor and further multiplied by Gross | ||||||
23 |
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| Transmission Plant Allocation Factor. | ||||||
24 |
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25 | Cash Working Capital |
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| 14.1.9.2(a)A.1.(k) | Transmission Related Cash Working Capital shall be an | ||||||
26 | Operation & Maintenance Expense |
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| $0 | Schedule 9, Line 23 |
| allowance equal to the product of: (i) 12.5% (45 days/ 360 days = 12.5%) | ||||||
27 |
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| 0.1250 | x 45 / 360 |
| multiplied by (ii) Transmission Operation and Maintenance Expense. | ||||||
28 | Total (Line 26 * Line 27) |
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| Allocation Factor Reference |
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| (a) Schedule 5, line 1 - not used on this Schedule |
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| (d) Schedule 5, line 19 |
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Niagara Mohawk Power Corporation | Attachment 1 |
Annual Revenue Requirements of Transmission Facilities | Schedule 8 |
Cost of Capital Rate |
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| Shading denotes an input | Year |
Line No. | ||
1 | The Cost of Capital Rate shall equal the proposed Weighted Costs of Capital plus Federal Income Taxes and State Income Taxes. | |
2 |
| The Weighted Costs of Capital will be calculated for the Transmission Investment Base using NMPC’s actual capital structure and will equal the sum of (i), (ii), and (iii) below: |
3 |
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4 | (i) | the long-term debt component, which equals the product of the actual weighted average embedded cost to maturity of NMPC’s long-term debt outstanding during the year and the sum of (a) the ratio of actual long-term debt to total capital at year-end; and |
5 |
| (b) the extent, if any, by which the ratio of NMPC's actual common equity to total capital at year-end exceeds fifty percent (50%). Long term debt shall be defined as the average of the beginning of the year and end of year balances of the following: long term debt less the unamortized |
6 |
| Discounts on Long-Term Debt less the unamortized Loss on Reacquired Debt plus unamortized Gain on Reacquired Debt. Cost to maturity of NMPC's long-term debt shall be defined as the cost of long term debt included in the debt discount expense and |
7 |
| any loss or gain on reacquired debt. |
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8 | (ii) | the preferred stock component, which equals the product of the actual weighted average embedded cost to maturity of NMPC’s preferred stock then outstanding and the ratio of actual preferred stock to total capital at year-end; |
9 |
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10 | (iii) | the return on equity component shall be the product of the allowed return on equity of 10.3% and the ratio of NMPC’s actual common equity to total capital at year-end, provided that such ratio |
11 |
| shall not exceed fifty percent (50%). |
12 |
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13 |
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| WEIGHTED |
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14 |
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| CAPITALIZATION |
| COST OF |
| COST OF |
| EQUITY |
15 |
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| CAPITALIZATION | Source: | RATIOS |
| CAPITAL | Source: | CAPITAL |
| PORTION |
16 |
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17 |
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| (i) | Long-Term Debt | $0 | Workpaper 6, Line 16b | #DIV/0! |
| #DIV/0! | Workpaper 6, Line 17c | #DIV/0! |
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18 |
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| (ii) | Preferred Stock |
| FF1 112-113.3c | #DIV/0! |
| #DIV/0! | Workpaper 6, Line 24d | #DIV/0! |
| #DIV/0! |
19 |
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| (iii) | Common Equity |
| FF1 112-113.16c - FF1 112-113.3,12,15c | #DIV/0! |
| 10.30% |
| #DIV/0! |
| #DIV/0! |
20 |
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21 |
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| Total Investment Return | $0 |
| #DIV/0! |
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| #DIV/0! |
22 |
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23 |
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24 |
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25 |
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26 | 14.1.9.2.2.(b) | Federal Income Tax shall equal | = ( | A + | [ | B | / | C] | X |
| Federal Income Tax Rate | ) |
27 |
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| Federal Income Tax Rate | ) | |
28 |
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29 |
| where A is the sum of the preferred stock component and the return on equity component, each as determined in Sections (a)(ii) and for the ROE set forth in (a)(iii) above, B is the Equity AFUDC component of Depreciation Expense for |
30 |
| Transmission Plant in Service as defined at Section 14.1.9.1.16 (FF1 117.38c), and C is the Transmission Investment Base as shown at Schedule 6, Page 1 of 2, Line 28. |
31 |
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32 |
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| = ( | #DIV/0! | +( | $0 | ) / |
| #DIV/0! | X |
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33 |
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| 0 | ) | |
34 |
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35 |
| = | #DIV/0! |
36 |
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37 |
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38 | 14.1.9.2.2.(c) | State Income Tax shall equal | = ( | A + | [ | B | / | C] | + |
| Federal Income Tax Rate | ) X | State Income Tax Rate |
39 |
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| State Income Tax Rate | ) |
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40 |
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41 |
| where A is the sum of the preferred stock component and the return on equity component as determined in (a)(ii) and (a)(iii) above , B is the Equity AFUDC component of Depreciation Expense for Transmission Plant in |
42 |
| Service as defined at Section 14.1.9.1.16 above, and C is the Transmission Investment Base as shown at Schedule 6, Page 1 of 2, Line 28. |
43 |
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44 |
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45 |
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46 |
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| = ( | #DIV/0! | + ( | $0 | ) / |
| #DIV/0! | + |
| #DIV/0! | ) X |
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47 |
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| 0 | ) | ||
48 |
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49 |
| = | #DIV/0! |
50 |
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51 |
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52 |
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53 | (a)+(b)+(c) Cost of Capital Rate | = | #DIV/0! |
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54 |
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55 |
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56 | 14.1.9.2(a) A. Return and Associated Income Taxes shall equal the product of the Transmission Investment Base and the Cost of Capital Rate | ||||||||||||||||||||||||||
57 |
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58 |
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59 |
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60 | Transmission Investment Base |
| #DIV/0! |
| Schedule 6, page 1 of 2, Line 28 | ||||||||||||||||||||||
61 |
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62 | Cost of Capital Rate |
| #DIV/0! |
| Line 53 |
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63 |
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64 | = Investment Return and Income Taxes |
| #DIV/0! |
| Line 60 X Line 62 |
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Niagara Mohawk Power Corporation | Attachment 1 | |
Annual Revenue Requirements of Transmission Facilities | Schedule 9 | |
Transmission Expenses |
| |
| Attachment H Section 14.1.9.2 |
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| Shading denotes an input |
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Line No. |
| (1) Total | (2) Allocation Factor | (3) = (1)*(2) Electric Allocated | (4) Allocation Factor | (5) = (3)*(4) Transmission Allocated | FERC Form 1/ PSC Report Reference for col (1) |
| Definition | ||||||||||||||||||
| Depreciation Expense |
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1 | Transmission Depreciation |
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| $0 | FF1 336-337.7f | 14.1.9.2.B. | Transmission Related Depreciation Expense shall equal the sum of: | ||||||||||||||||||
2 | General Depreciation |
| 100.0000% | $0 | 13.0000% (c) | $0 | FF1 336-337.10f |
| (i) Depreciation Expense for Transmission Plant in Service, plus (ii) | ||||||||||||||||||
3 | Common Depreciation |
| 83.5000% (a) | $0 | 13.0000% (c) | $0 | FF1 356 |
| the product of Electric General Plant Depreciation Expense multiplied | ||||||||||||||||||
4 | Intangible Depreciation |
| 100.0000% | $0 | 13.0000% (c) | $0 | FF1 336-337.1f |
| by the Transmission Wages and Salaries Allocation Factor plus (iii) | ||||||||||||||||||
5 | Wholesale Meters |
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| #DIV/0! | Workpaper 1 |
| Common Plant Depreciation Expense multiplied by the Electric | ||||||||||||||||||
6 | Total (Line 1+2+3+4+5) |
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| #DIV/0! |
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| Wages and Salaries Allocation Factor, further multiplied by the | ||||||||||||||||||
7 |
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| Transmission Wages and Salaries Allocation Factor plus (iv) | ||||||||||||||||||
8 |
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| Intangible Electric Plant Depreciation Expense multiplied by the | ||||||||||||||||||
9 |
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| Transmission Wages and Salaries Factor plus (v) depreciation | ||||||||||||||||||
10 |
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| expense associated with the Wholesale Metering Investment. | ||||||||||||||||||
11 |
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12 | Real Estate Taxes |
| 100.0000% | $0 | #DIV/0! (d) | #DIV/0! | FF1 262-263 _ l | 14.1.9.2.C. | Transmission Related Real Estate Tax Expense shall equal the | ||||||||||||||||||
13 |
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| electric Real Estate Tax Expenses multiplied by the Gross | ||||||||||||||||||
14 |
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| Transmission Plant Allocation Factor. | ||||||||||||||||||
15 |
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16 | Amortization of Investment Tax Credits |
| #DIV/0! (b) | #DIV/0! | #DIV/0! (d) | #DIV/0! | FF1 114-117.58c | 14.1.9.2.D. | Transmission Related Amortization of Investment Tax Credits shall | ||||||||||||||||||
17 |
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| equal the product of Amortization of Investment Tax Credits multiplied | ||||||||||||||||||
18 |
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| by the Gross Electric Plant Allocation Factor and further multiplied by | ||||||||||||||||||
19 |
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| the Gross Transmission Plant Allocation Factor. | ||||||||||||||||||
20 | Transmission Operation and Maintenance |
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21 | Operation and Maintenance |
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| $0 | FF1 320-323.112b | 14.1.9.2.E. | Transmission Operation and Maintenance Expense shall equal | |
22 | less Load Dispatching - #561 |
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| $0 | FF1 320-323.85-92b |
| the sum of electric expenses as recorded in | |
23 | O&M (Line 21 - Line 22) | $0 |
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| $0 |
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| FERC Account Nos. 560, 562-574. | |
24 |
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25 | Transmission Administrative and General |
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| 14.1.9.2.F. | Transmission Related Administrative and General Expenses shall | ||
26 | Total Administrative and General |
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| FF1 320-323.197b |
| equal the product of electric Administrative and General Expenses, | |
27 | less Property Insurance (#924) |
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| FF1 320-323.185b |
| excluding the sum of Electric Property Insurance, Electric Research and | |
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28 | less Pensions and Benefits (#926) |
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| FF1 320-323.187b |
| Development Expense and Electric Environmental Remediation Expense, | |
29 | less: Research and Development Expenses (#930) | $0 |
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| Workpaper 12 |
| and 50% of the NYPSC Regulatory Expense | |
30
31 | Less: 50% of NY PSC Regulatory Expense Less: 18a Charges (Temporary Assessment |
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| 50% of Workpaper 15
Workpaper 15 |
| multiplied by the Transmission Wages and Salaries Allocation Factor,
| |
32 | less: Environmental Remediation Expense | $0 |
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| Workpaper 11 |
| plus the sum of Electric Property Insurance multiplied by the Gross | |
33 | Subtotal (Line 26-27-28-29-30-31-32) | $0 | 100.0000% | $0 | 13.0000% (c) | $0 |
|
| Transmission Plant Allocation Factor, plus transmission-specific Electric | |
34 | PLUS Property Insurance alloc. using Plant Allocation | $0 | 100.0000% | $0 | #DIV/0! (d) | #DIV/0! | Line 27 |
| Research and Development Expense, and transmission-specific | |
35 | PLUS Pensions and Benefits | $88,644,000 | 100.0000% | $88,644,000 | 13.0000% (c) | $11,523,720 | Workpaper 3 |
| Electric Environmental Remediation Expense. In addition, Administrative | |
36 | PLUS Transmission-related research and development | $0 |
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| $0 | Workpaper 12 |
| and General Expenses shall exclude the actual Post-Employment | |
37 | PLUS Transmission-related Environmental Expense | $0 |
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| $0 | Workpaper 11 |
| Benefits Other than Pensions ("PBOP") included in FERC Account 926, | |
38 | Total A&G (Line 33+34+35+36+37) | $88,644,000 |
| $88,644,000 |
| #DIV/0! |
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| and shall add back in the amounts shown on Workpaper 3, page 1, | |
39 |
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| or other amount subsequently approved by FERC under Section 205 or 206. | |
40 | Payroll Tax Expense |
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| 14.1.9.2.G. | Transmission Related Payroll Tax Expense shall equal the product of | |
41 | Federal Unemployment |
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| FF1 262-263.12I |
| electric Payroll Taxes multiplied by the Transmission Wages and | |
42 | FICA |
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| FF1 262-263.17I |
| Salaries Allocation Factor. | |
43 | State Unemployment |
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| FF1 262-263.13I |
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44 | Total (Line 41+42+43) | $0 | 100.0000% | $0 | 13.0000% (b) | $0 |
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45 |
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46 | Amortization of (Excess)/ Deficient ADIT | $0 | 100.0000% | $0 | #DIV/0! (d) | #DIV/0! | Schedule 14, line 2, column J | 14.1.9.2.H | Transmission related Amortization of Regulatory Assets and Liabilities shall equal the transmission-specific Amortization of Regulatory Assets and Liabilities | |
| Allocation Factor Reference |
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| (a) Schedule 5, line 1 |
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| (b) Schedule 5, line 32 |
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| (c) Schedule 5, line 3 |
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| (d) Schedule 5, line 19 |
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Niagara Mohawk Power Corporation |
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| Attachment 1 | |||||||||||||
Annual Revenue Requirements of Transmission Facilities |
| Schedule 10 | ||||||||||||||
Billing Adjustments, Revenue Credits, Rental Income |
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| Year |
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| Attachment H Section 14.1.9.2 (a) |
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| Shading denotes an input |
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Line No. |
| Description | (1) Total | Source |
| Definition | ||||||||||
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1 |
| Billing Adjustments |
| Workpaper 16 | 14.1.9.2.I. | Billing Adjustments shall be any adjustments made in accordance with Section 14.1.9.4.4 below. | ||||||||||
2 |
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| ( ) indicates a refund or a reduction to the revenue requirement on Schedule 1. | ||||||||||
3 |
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4 |
| Bad Debt Expense | $0 | Workpaper 4 | 14.1.9.2.J. | Transmission Related Bad Debt Expense shall equal | ||||||||||
5 |
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| Bad Debt Expense as reported in Account 904 related to NMPC's wholesale transmission billing. | ||||||||||
6 |
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7 |
| Revenue Credits | $0 | Workpaper 5 | 14.1.9.2.K. | Revenue Credits shall equal all Transmission revenue recorded in FERC account 456 | ||||||||||
8 |
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| excluding (a) any NMPC revenues already reflected in the WR, CRR, SR, ECR and Reserved | ||||||||||
9 |
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| components in Attachment H of the NYISO TSC rate; (b) any revenues associated | ||||||||||
10 |
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| with expenses that have been excluded from NMPC’s revenue requirement; and (c) any | ||||||||||
11 |
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| revenues associated with transmission service provided under this TSC rate, for which the | ||||||||||
12 |
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| load is reflected in the calculation of BU. | ||||||||||
13 |
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14 |
| Transmission Rents | $0 | Workpaper 7 | 14.1.9.2.L. | Transmission Rents shall equal all Transmission-related rental income recorded in FERC | ||||||||||
15 |
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| account 454.615 | ||||||||||
16 |
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17 |
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| 14.1.9.4(d) |
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18 |
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| 1 | Any changes to the Data Inputs for an Annual Update, including but not limited to | ||||||||||
19 |
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| revisions resulting from any FERC proceeding to consider the Annual Update, or | ||||||||||
20 |
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| as a result of the procedures set forth herein, shall take effect as of the beginning | ||||||||||
21 |
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| of the Update Year and the impact of such changes shall be incorporated into the | ||||||||||
22 |
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| charges produced by the Formula Rate (with interest determined in accordance | ||||||||||
23 |
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| with 18 C.F.R. § 38.19(a)) in the Annual Update for the next effective Update | ||||||||||
24 |
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| Year. This mechanism shall apply in lieu of mid-Update Year adjustments and | ||||||||||
25 |
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| any refunds or surcharges, except that, if an error in a Data Input is discovered | ||||||||||
26 |
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| and agreed upon within the Review Period, the impact of such change shall be | ||||||||||
27 |
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| incorporated prospectively into the charges produced by the Formula Rate during | ||||||||||
28 |
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| the remainder of the year preceding the next effective Update Year, in which case | ||||||||||
29 |
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| the impact reflected in subsequent charges shall be reduced accordingly. | ||||||||||
30 |
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| 2 | The impact of an error affecting a Data Input on charges collected during the | ||||||||||
31 |
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| Formula Rate during the five (5) years prior to the Update Year in which the error | ||||||||||
32 |
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| was first discovered shall be corrected by incorporating the impact of the error on | ||||||||||
33 |
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| the charges produced by the Formula Rate during the five-year period into the | ||||||||||
34 |
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| charges produced by the Formula Rate (with interest determined in accordance | ||||||||||
35 |
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| with 18 C.F.R. § 38.19(a)) in the Annual Update for the next effective Update | ||||||||||
36 |
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| Year. Charges collected before the five-year period shall not be subject to correction. | ||||||||||
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(b) |
| List of Items excluded from the Revenue Requirement |
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| Niagara Mohawk Power Corporation |
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| Attachment 1 Schedule 11 Page 1 of 1 | |||||||
| System, Control, and Load Dispatch Expenses (CCC) |
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| Attachment H, Section 14.1.9.5 |
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| The CCC shall equal the annual Scheduling, System Control and Dispatch Costs (i.e., the transmission component of control center costs) as recorded in FERC Account 561 and its associated sub-accounts using information from the prior calendar year, excluding NYISO system control and load dispatch expense already recovered under Schedule 1 of the NYISO Tariff. | ||||||||||
Line No. |
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1 |
| Scheduling and Dispatch Expenses | Year |
| Source | |||||||
2 |
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3 |
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4 |
| Accounts | 561.1 | Reliability |
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| FF1 320-323.85b | |||||
5 |
| Accounts | 561.2 | Monitor and Operate Transmission System |
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| FF1 320-323.86b | |||||
6 |
| Accounts | 561.3 | Transmission Service and Schedule |
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| FF1 320-323.87b | |||||
7 |
| Accounts | 561.4 | Scheduling System Control and Dispatch |
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| FF1 320-323.88b | |||||
8 |
| Accounts | 561.5 | Reliability, Planning and Standards Development |
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| FF1 320-323.89b | |||||
9 |
| Accounts | 561.6 | Transmission Service Studies |
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| FF1 320-323.90b | |||||
10 |
| Accounts | 561.7 | Generation Interconnection Studies |
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| FF1 320-323.91b | |||||
11 |
| Accounts | 561.8 | Reliability, Planning and Standards Dev. Services |
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| FF1 320-323.92b | |||||
12 |
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13 |
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| Total Load Dispatch Expenses (sum of Lines 4 - 11) |
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| Sum of Lines 4 - 11 | ||||||
14 |
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15 | Less Account 561 directly recovered under Schedule 1 of the NYISO Tariff |
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16 |
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17 |
| Accounts | 561.4 | Scheduling System Control and Dispatch |
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18 |
| Accounts | 561.8 | Reliability, Planning and Standards Dev. Services |
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| Line 11 | |||||
19 |
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| Total NYISO Schedule 1 |
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| Line 17 + Line 18 | ||||||
20 |
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21 |
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Niagara Mohawk Power Corporation |
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| Attachment 1 Schedule 12 Page 1 of 1 |
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Billing Units - MWH |
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Attachment H, Section 14.1.9.6 |
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| BU shall be the total Niagara Mohawk load as reported to the NYISO for the calendar billing year prior to the Forecast Period, including the load for customers taking service under Niagara Mohawk’s TSC Rate. The total Niagara Mohawk load will be adjusted to exclude (i) load associated with wholesale transactions being revenue credited through the WR, CRR, SR, ECR and Reserved components of Workpaper H of the NYISO TSC rate including Niagara Mohawk’s external sales, load associated with grandfathered OATT agreements, and any load related to pre-OATT grandfathered agreements; (ii) load associated with transactions being revenue credited under Historical TRR Component J; and (iii) load associated with netted station service. |
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Line No. |
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1 |
| Subzone 1 |
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2 |
| Subzone 2 |
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| NIMO TOL (transmission owner load) | ||
3 |
| Subzone 3 |
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| NIMO TOL (transmission owner load) | ||
4 |
| Subzone 4 |
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| NIMO TOL (transmission owner load) | ||
5 |
| Subzone 29 |
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| NIMO TOL (transmission owner load) | ||
6 |
| Subzone 31 |
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| NIMO TOL (transmission owner load) | ||
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7 |
| Total NIMO Load report to NYISO |
| 0.000 |
| Sum of Lines 1-6 | ||
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8 |
| LESS: All non-retail transactions |
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9 |
| Watertown |
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| FF1 page 328-330._.j | ||
10 |
| Disputed Station Service |
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| NIMO TOL (transmission owner load) | ||
11 |
| Other non-retail transactions |
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| All other non-retail transactions (Sum of 300,000 series PTID's from TOL) | ||
12 |
| Total Deductions |
| 0.000 |
| Sum of Lines 9 - 11 | ||
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13 |
| PLUS: TSC Load |
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14 |
| NYMPA Muni's, Misc. Villages, Jamestown (X1) |
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| FF1 page 328-330. _.j | ||
15 |
| NYPA Niagara Muni's (X2) |
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| FF1 page 328-330. _.j | ||
16 |
| Total additions |
| 0.000 |
| Sum of Lines 14 -15 | ||
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17 |
| Total Billing Units |
| 0.000 |
| Line 7 - Line 12 + Line 16 | ||
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Niagara Mohawk Power Corporation |
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| Attachment 1 | |
Forecasted Accumulated Deferred Income Taxes (FADIT) |
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| Schedule 13 | |
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| Page 1 of 1 |
| Shading denotes an input |
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Line No. | Description |
| Amount |
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1 | Electric ADIT Balance at year-end |
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| FF1 Page 274-275.2k |
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2 | Transmission Plant (PL) Allocator |
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| Schedule 5, Line 19 |
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3 | Transmission Related ADIT Balance at year-end |
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| Line 1 x Line 2 |
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4 |
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5 | Forecasted Transmission Related ADIT balance |
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| Internal Records |
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6 |
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7 | Change in ADIT |
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| Line 5 - Line 3 |
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8 |
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9 | Monthly Change in ADIT |
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| Line 7 / 12 Months |
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10 |
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11 | (A) | (B) | (C) = (B)/ Line 17 (B) | (D) = Line 9 *(C) |
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12 | Month 1 |
| 100.00% | - |
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13 | Month 2 |
| 100.00% | - |
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14 | Month 3 |
| 100.00% | - |
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15 | Month 4 |
| 100.00% | - |
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16 | Month 5 |
| 100.00% | - |
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17 | Month 6 |
| 100.00% | - |
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18 | Month 7 |
| #DIV/0! % | - |
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19 | Month 8 |
| #DIV/0! % | - |
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20 | Month 9 |
| #DIV/0! % | - |
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21 | Month 10 |
| #DIV/0! % | - |
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22 | Month 11 |
| #DIV/0! % | - |
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23 | Month 12 |
| #DIV/0! % | - |
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24 | Total Prorated ADIT Change (Sum of 12 through 23) |
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| $ - | to Schedule 2, Line 22 |
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| (a) The balance in Line 1, Total Transmission ADIT Balance at year-end, shall equal such ADIT that is subject to the normalization rules prescribed |
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| by the IRS and the net of the amounts recorded in FERC Account No. 282. |
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Niagara Mohawk Power CorporationAttachment 1
Actual Accumulated Deferred Income Taxes (AADIT) Schedule 13(a)
Page 1 of 1
Shading denotes an input
Line(A)(B)
No.DescriptionAmountReference
1 2 3 | Total ADIT Balance at prior year-end (Enter Credit) (b) Prorated Actual ADIT Activity Total Prorated ADIT Balance at year-end (Line 1 + Line 2) |
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| (c) | FF1 Page 274-275.2b | ||
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| Line 16(G) | |||||||
| (C) | (D)(E) |
| (F) = (E) / Line 17(E) |
| (G) = (D) x (F) |
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| Month | Actual Monthly Change in ADITRemaining Days |
| IRS Proration % |
| Prorated ADIT |
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4 | Month 1 | $ |
| 335 |
| 91.7808% | $ |
| Internal Records |
5 | Month 2 | $ |
| 307 |
| 84.1096% | $ |
| Internal Records |
6 | Month 3 | $ |
| 276 |
| 75.6164% | $ |
| Internal Records |
7 | Month 4 | $ |
| 246 |
| 67.3973% | $ |
| Internal Records |
8 | Month 5 | $ |
| 215 |
| 58.9041% | $ |
| Internal Records |
9 | Month 6 | $ |
| 185 |
| 50.6849% | $ |
| Internal Records |
10 | Month 7 | $ |
| 154 |
| 42.1918% | $ |
| Internal Records |
11 | Month 8 | $ |
| 123 |
| 33.6986% | $ |
| Internal Records |
12 | Month 9 | $ |
| 93 |
| 25.4795% | $ |
| Internal Records |
13 | Month 10 | $ |
| 62 |
| 16.9863% | $ |
| Internal Records |
14 | Month 11 | $ |
| 32 |
| 8.7671% | $ |
| Internal Records |
15 | Month 12 | $ |
| 1 |
| 0.2740% | $ |
| Internal Records |
16 | Total Prorated Actual ADIT Activity (Sum Lines 6 thru 17) |
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| $ |
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17 | Number of Days in the Year |
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365 |
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Notes:
(a) Enter credit balances as negatives.
(b) The balance in Line 1, Total ADIT Balance at year-end, shall equal such ADIT that is subject to the normalization rules prescribed by the IRS.
Niagara Mohawk Power Corporation Annual Revenue Requirements of Transmission Facilities |
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| Attachment 1 | |||||||||||||||||||||||
(Excess)/Deficient ADIT Worksheet |
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| Schedule 14 | |||||||||||||||||||||||
For Costs in 20__ |
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| Page 1 of 2 | |||||||||||||||||||||
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| Input Cells are Shaded Yellow |
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| (A) | (B) | ( C) | (D) = (A) + (B) + (C) |
| ( E) | (F) |
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| 20__ Year End Unamortized (Excess)/Deficient ADIT (e) |
| Amortization Periods (f) |
| Amortization Expense (e ) (g) |
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Line No. | Description |
| FERC Account No. (a) | Ref | Protected | Unprotected | Gross-Up (i) | 12/31/20__ Balance |
| Protected | Unprotected |
| FERC Account No. (g) | Protected | Unprotected | Gross-Up (i) | Total Amortization | |||||||||||||||||||||
Transmission (EXCESS)/DEFICIENT ADIT - TAX RATE CHANGES |
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1a |
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1 [] |
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2 | Total (Sum Lines1a thru 1[]) (d) |
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| - | - | - | - |
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| - | - | - | - | |||||||||||||||||||||
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Electric FAS 109/(Excess) Deficient ADIT |
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3a | FAS 109 - Electric |
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3[] |
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4 | Total (Sum Lines 3a thru 3[]) (d) |
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5 | TOTAL Electric FAS 109/(Excess) Deficient ADIT (Line 2 + Line 4) |
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6 | Deficient ADIT - Regulatory Asset Account 182.3 |
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| FF 1 Page 232 b |
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7 | Excess ADIT - Regulatory Liability Account 254 |
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| FF1 Page 278 b |
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8 | Deficient/(Excess) Deferred Income Tax Regulatory Asset/(Liability) (Line 6 + Line 7) |
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Notes: |
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(a) | The affected ADIT accounts were remeasured by comparing ADIT on cumulative temporary differences for each item in accounts 190, 282, and 283 at the current Federal, State & Local Income Tax rate to ADIT balances at historical Federal, State & Local Income Tax rates. The difference between the two represents the excess or deficient ADIT. Refer to Schedule 14(a). |
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(b) | Relates to the Federal Income Tax Rate change associated with the 2017 Tax Cuts and Jobs Act. |
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(c) | Niagara Mohawk Power Corporation may add or remove sublines and notes explaining them without a FPA Section 205 filing. |
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(d) | Total equals the sum of sublines a through [], where [] is the last subline denoted by a letter. |
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(e) | Enter credit balances as negatives. |
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(f) | Deficient/(excess) ADIT balances will be amortized as follows: "Protected property-related" = ARAM, "unprotected property-related" = 31 yrs, all other unprotected deficient/(excess) ADIT balances = 10 yrs. |
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(g) | Deficient ADIT is amortized to Account 410.1; Excess ADIT is amortized to Account 411.1. |
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(h) | Other changes to (excess)/deficient ADIT due to the conclusion of IRS audits during applicable periods affected by a change in federal, state or local tax rates, the establishment of new (excess)/deficient ADIT due to future tax rate changes and classification changes between protected and unprotected categories due to the passage of time. |
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(i) | Tax gross up calculated using the Composite Tax Rate / (1 - Composite Tax Rate) in effect for the applicable period. |
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(j) | Other Electric Transmission and Distribution FAS 109 balances |
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(k) | Niagara Mohawk Power Company will add footnotes below to identify excess or deficient ADIT from future Federal, State and Local income tax rate changes. |
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(l) | [] |
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| Niagara Mohawk Power Corporation Annual Revenue Requirements of Transmission Facilities |
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| Attachment 1 | |
| (Excess)/Deficient ADIT Worksheet |
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| Schedule 14 | |
| For costs in 20__ |
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| Page 2 of 2 |
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| Input cells are Shaded Yellow |
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| (K) | (L) | (M) |
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| (N) = (A) – (G) –(K) | (O) = (B) – (H) – (L) | (P)=(C)-(I)-(M) | (Q)= (N) + (O) + (P) |
| (R) |
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| Other Adjustments (e) (h) |
| 20__ Year End Unamortized (Excess)/Deficient ADIT (e) |
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Line No. | Protected | Unprotected | Gross-Up(i) |
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| Protected | Unprotected | Gross-Up (i) | 12/31/20__ Balance |
| Reference |
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1a |
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1 [] |
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2 | - | - | - |
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3a |
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3b |
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3c |
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3d |
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3 [] |
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4 | - | - | - |
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5 | - | - | - |
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6 |
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| FF1 Page 232 |
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7 |
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| FF1 Page 278 |
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8 |
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Niagara Mohawk Power Corporation
Annual Revenue Requirements of Transmission Facilities
(Excess)/Deficient ADIT Worksheet
Schedule 14(a) - Remeasurement Support - ___________________________
For Costs in the Year of 20__
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| (A) | (B) = (A)* ___% | (C) = (A)* ___% | (D) = (B) - (C) | (E) | (F) = (E)* _____% | (G) = (E)*____% | (H) = (F) - (G) | (I) = (D) + (H) | (J) | (K) = (I) - (J) |
Line No. | Description | FERC Account No. | Gross Temporary Difference | ADIT @ __% | ADIT @ __% | (Excess)/ | Gross Temporary Difference | ADIT @ _____% (c) | ADIT @ ____% | (Excess)/ | Total (Excess)/ | Adjustments Post Remeasurement (d) | 20__ (Excess)/ |
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1a |
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| - | - | - | - |
| - |
1[ ] |
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| - | - | - |
| - | - | - | - |
| - |
2 | Total (Sum Lines 1a thru 1[]) (b) |
| - | - | - | - | - | - | - | - | - | - | - |
Notes:
(a)Company records
(b)Total equals the sum of sublines a through [], where [] is the last subline denoted by a letter. Niagara Mohawk Power Company may add or remove sublines without a FPA Section 205 filing.
(c)When the effective date for an income tax rate change falls within a Company’s fiscal tax year, the income tax rate for such a year shall be the sum of the number of days in each time period times the tax rate for each a period.
Blended Rate | Days | Effective Rate | Blended Rate |
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| 0.00% |
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| 0.00% |
(d)Enter credit balances as negatives.
(e)Niagara Mohawk Power Company may add footnotes below without a FPA Section 205 filing.
Effective Date: 3/22/2023 - Docket #: ER23-907-000 - Page 1