Topic:"Fuel Cost Adjustment" in M12969

Summary of Request - 1. In accordance with the Board's Decision and Order in M11893 approving amendments to the approved Flowthrough Formulas, the Berwick Electric Commission ("BEC") is requesting approval of changes to the rates of all it...

AI summary The Berwick Electric Commission (BEC) is requesting approval to adjust customer rates to reflect increased purchased power costs, including demand-side management programs, amounting to $222,896. The calculation excludes deferred costs and changes related to legislation and power purchase agreements. BEC also requests inclusion of a true-up mechanism in its next General Rate Application.

Methodology - 1. Cost of power rates as included in BEC's 2023 M11577 Application was recomputed to provide starting point for computations. - 2. The application is for a test year from April 1, 2026 to March 31, 2027. As the flowthrough a...

AI summary The methodology section outlines the recomputation of cost of power rates for BEC's 2023 M11577 Application, including load forecasting based on historical sales data, adjustments for system losses, and the calculation of a $222,896 increase in supply costs. A 3.155% rate increment is proposed to recover these costs, applying only to variable charges.

Purchased Power Cost (excluding FAM) Fuel Adjustment Mechanism A Purchased Power Cost Increase $ 222,896 D FAM Adjustment B Forecast Revenue (excluding base chgs) $ 7,065,484 E Projected Energy Sales 39,918,500 kWh C % Rate Increase Requir...

AI summary The document discusses a Purchased Power Cost Increase of $222,896 and a Fuel Adjustment Mechanism (FAM) Adjustment. It also outlines forecast revenue, projected energy sales, and a rate increase requirement of 3.155%.

Nova Scotia Power Inc. (NSPI) Adjustments due to Fuel Adjustment Mechanism ("FAM") In order to recover FAM adjustments due to NSPI approved FAM adjustments and upon notice by BEC to the Board, the Board may amend the kilowatt hour rates fo...

AI summary Nova Scotia Power Inc. (NSPI) may adjust kilowatt hour rates for all classes based on FAM adjustments, as notified by the Berwick Electric Commission (BEC) to the Board. Adjustments are calculated using D (FAM adjustment), E (projected sales), and F (cents/kWh adjustment). Specific rules apply to lighting and small loads, with energy portions incorporated into monthly charges.

Nova Scotia Power Inc. (NSPI) Adjustments due to Fuel Adjustment Mechanism ("FAM") In order to recover FAM adjustments due to NSPI approved FAM adjustments and upon notice by BEC to the Board, the Board may amend the kilowatt hour rates fo...

AI summary The document outlines how the Board may adjust kilowatt hour rates for all classes based on FAM adjustments, using a formula involving D, E, and F. The FAM adjustment applies to all rates, including those for street lighting, yard lighting, and other small loads, with specific instructions for incorporating energy charges into monthly rates.

Nova Scotia Power Inc. (NSPI) Adjustments due to Fuel Adjustment Mechanism ("FAM") In order to recover FAM adjustments due to NSPI approved FAM adjustments and upon notice by BEC to the Board, the Board may amend the kilowatt hour rates fo...

AI summary This document outlines the process for adjusting kilowatt hour rates for all classes based on FAM adjustments, with specific formulas and conditions for applying these adjustments, particularly for lighting and small loads.