Current through Register Vol. 46, No. 39, September 25, 2024
(a) Municipalities
and cooperatives purchasing their full power requirements from the Power
Authority of the State of New York may include in their resale rates an
adjustment clause for recovery of changes in the delivered cost of purchased
power subject to such reconciliation as the authority may deem appropriate.
Municipalities or cooperatives which elect to use such an adjustment clause may
file statements to their rate schedules in lieu of rate revisions. Such
statements, which shall be in a form prescribed by the Power Authority, shall
not be part of the rate schedule, but a copy of each effective statement will
be kept available with each rate schedule to which it applies. The first such
statement of each municipality or cooperative shall be filed with the Power
Authority and become effective on a date specified by the authority.
Thereafter, each such statement must be filed with the Power Authority not less
than three days prior to the date on which it is proposed to be
effective.
(b) When municipalities
and cooperatives elect to file statements in accordance with this section, such
statements must contain:
(1) identification
of the schedules and service classifications to which they apply;
(2) the present purchased power cost per KWh
and its derivation;
(3) the base
purchased power cost per KWh and its derivation;
(4) the difference per KWh between the
present purchased power cost per KWh and the base purchased power cost per
KWh;
(5) the factor of ajustment
for distribution system efficiency;
(6) the purchased power adjustment per KWh
(exclusive of any surcharge/credit per KWh) determined by applying the factor
of adjustment for distribution system efficiency to the difference between the
base purchased power cost per KWh and the present purchased power cost per
KWh;
(7) the surcharge/credit per
KWh and its derivation, if utilized;
(8) the purchased power adjustment per KWh
(inclusive of the surcharge/credit per KWh if utilized);
(9) the effective date of the increase or
decrease in rates.
(c)
In connection with statements filed pursuant to this section:
(1) The term purchased power cost is defined
as the total cost of power including transmission and wheeling charges at the
point of delivery to the municipal or cooperative system of electricity
purchased from the Power Authority for resale.
(2) The base purchased power cost per KWh is
determined by calculating the average cost per KWh of purchased power by
applying the authority's wholesale, transmission and wheeling rates to billing
quantities for a 12-month period to be determined by the authority and dividing
the total cost, so calculated, by KWh delivered during the period. Wholesale,
transmission and wheeling rates to be used in the calculation are those which a
specific customer has reflected in its base retail rates.
(3) The present purchased power cost per KWh
is determined by calculating the average cost per KWh of purchased power by
applying the authority's current wholesale, transmission and wheeling rates to
billing quantities in the current billing period.
(4) The factor of adjustment for distribution
system efficiency is determined by dividing the number of kilowatt hours
purchased at the point of delivery during the recently completed fiscal year by
the number of kilowatt hour sales to all customers under all service
classifications during the same fiscal year.
(5) The surcharge/credit per KWh is
determined by dividing the surcharge or credit as hereinafter described by KWh
delivered during the period and adjusting for distribution system efficiency.
The surchargeshall be an amount approved by the Power Authority, as a function
of an individual municipality's or cooperative's James A. FitzPatrick nuclear
power allocation and the applicable demand charge which, at the option of the
municipality or cooperative, may be applied during its peak consumption season.
The surcharge shall be offset be a "credit" applied during the system's
off-peak consumption season, the amount of which shall be determined monthly by
dividing the then outstanding balance of the collected surcharge by the number
of months remaining in the off-peak season. For purposes of this definition,
the term season shall mean the authority's six-month billing period October
through March or April through September.
