Southwestern Power Administration July 2012 – Federal Register Recent Federal Regulation Documents

Robert D. Willis Power Rate
Document Number: 2012-16815
Type: Notice
Date: 2012-07-10
Agency: Department of Energy, Southwestern Power Administration
The Administrator, Southwestern Power Administration (Southwestern), has prepared Current and Revised 2012 Power Repayment Studies which show the need for an increase in annual revenues to meet cost recovery criteria. Such increased revenues are needed to cover increased costs associated with operating and maintaining the facilities as well as increased costs associated with compliance requirements of the North American Electric Reliability Corporation. Additional revenues are also needed to recover increased costs associated with investments and replacements to the hydroelectric generating facilities. The Administrator has developed a proposed Robert D. Willis rate schedule, which is supported by a power repayment study, to recover the required revenues. The June 2012 Revised Power Repayment Study indicates that the proposed rate schedule would increase annual revenues approximately 15.4 percent from $929,388 to $1,072,332 effective October 1, 2012 through September 30, 2016.\1\