Transcript Formula Rate Customer Meeting Presentation 2007

Actual Update
For June 15, 2009 Posting
Formula Rate
Customer Meeting
June 23, 2009
Protocols
Definitions
 “Rate Year”
 is defined as January 1 through December 31
 “True-Up”
 is completed on or before June 15 each calendar year.
 based on historical (actual) data (primarily Form 1 data from previous
year)
 “Annual Update”
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recalculates the ATRR and Formula Rate for new Rate Year
uses historical data collected during “True-Up” Phase
adds in the projected data
is calculated and posted on or before October 15 each calendar year.
Protocols
Timeline
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 “Rate Year”: January 1 – December 31, 2010
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 “True Up” Update: June 15, 2009

“True Up” Customer Meeting: June 23, 2009
 This date is kick off for Review Period

“True Up” Information Requests Period – 75 days: August 31, 2009

Issues - Westar Energy Response Date:
 Good faith effort to respond within 10 business days from date of information request.

Additional periods for data review resolutions, per Protocols posted on WR OASIS
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
“Annual Update”: October 15, 2009

“Annual Update” Customer Meeting: October 22, 2009

Potential Repost of Annual Update: November 30, 2009
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Protocols
OASIS Postings / Data Requests
 OASIS Posting Requirements:
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Updated Calculation
Protocols
Accounting Manual and changes
Data Request Submission Address
 Submission of Data Requests to:
Sheila Gropp
Westar Energy
818 Kansas Avenue
Topeka, KS 66612
[email protected]
 Please provide all Data Requests in writing via email or letter.
Key Data Locations
FERC Form 1 Data - 2008:
FERC.gov
(Westar Energy Form 1)
Formula Rate Postings:
Westar Energy Oasis
http://sppoasis.spp.org/OASIS/WR
or http://oatioasis.com
Accounting Data User ID: AFSReader
Accounting Data Password: AFSReader#1
Southwest Power Pool Oasis
http://sppoasis.spp.org/OASIS/SWPP
or http://oatioasis.com
Formula Inputs
Sheila Gropp
Formula Inputs
Index of Template Pages
Tab ID
Schedule/Worksheet Designation
Description
Date to be Posted
Actual Net Rev Req
Schedule Actual Net Rev Req
Actual net revenue requirements for most recent calendar year
June 15
Gross Rev Req
Schedule Actual Gross Rev Req
Actual gross revenue requirements for most recent calendar year
June 15
A-1
Revenue Credit
Actual revenue credits
June 15
A-2
Actual transmission load
WE Revenues
June 15
A-3
Actual Retail Adder
WE Divisor
June 15
A-4
Actual O&M Exclusions (WEN)
WE Retail Adder
June 15
A-5
Actual Accum Deferred Income Taxes (WEN)
WEN O&M Exclusions
June 15
A-6
Actual O&M Exclusions (WES)
WEN ADIT
June 15
A-7
Actual Accum Deferred Income Taxes (WEN)
WES O&M Exclusions
June 15
A-8
Actual Depreciation Rate Calculation
WES ADIT
June 15
A-9
Actual Base Plan Funded Projects
Depreciation Adjustment
June 15
A-10
Actual Wages and Salaries
Plant Additions for Upcoming Year
June 15
A-11
Actual Incentive Return on Incentive Plant
Incentive Plant Additions
June 15
A-12
Actual Economic Portfolio Funded Projects
Base Plan Funded Additions
June 15
TU
True-up
True-up Adjustment and Interest Calculation
Oct 15
BPF
BPF Summary
Total Actual and Projected BPF projects
Oct 15
EPP
EPP Summary
Total Actual and Projected EPP projects
Oct 15
Projected Net Rev Req
Projected Net Rev Requirement
Projected net revenue requirements for next calendar year
Oct 15
Projected Gross Rev Req
Projected Gross Rev Req
Projected gross revenue requirements for next calendar year
Oct 15
P-1
Transmission Plant
Projected transmission plant for next calendar year
Oct 15
P-2
Exp. & Rev. Credits
Projected expenses and revenue credits for next calendar year
Oct 15
P-3
Trans. Network Load
Projected transmission load for next calendar year
Oct 15
P-4
BPF Projects
Projected Base Plan Funded Projects
Oct 15
P-5
Econ. Projects
Projected Economic Portfolio Funded Projects
Oct 15
Formula Components
- 2008
Annual Update
 Data Included
 Historical 2008 financial data
Westar Energy Form 1
Kansas Gas & Electric Form 1
 FERC Approved Incentive Plant – Actual
 SPP Projects - Actual
 Template References:
 Template Form 1 Reference format:
Page, Line, Column
 Worksheet Reference format:
Worksheet P-1 (with section if applicable)
 Yellow areas are change areas
References and
Clarifications 1
Actual Gross Revenue Requirements
Entered as + due
to line 20 formula
References and Clarifications: If you see any references that are not
correct or if you have any suggestion, please let me know.
References and
Clarifications 2
Base Plan Funded Projects Actual
Gross Plant is the accumulation of
plant placed in-service through the
end of 2008.
$7,483,253 includes plant in-service
from 2006-2008.
Accm. Deprec. is the total
accumulated depreciation on
these plant additions based on
in-service dates.
A-9 – Actual BPF Plant
References and
Clarifications 3
Incentive Projects Actual
Incentive Projects Projected
P-1 – Projected Trans Plant
A-11 – Incentive Plant
Incentive Section
Wrap Up
Thank You!