Current through Register Vol. 63, No. 9, September 1, 2024
(1) For the purposes of division 083, annual
revenue requirement is the amount produced from the following calculations:
(a) If the electric company is involved in a
general rate proceeding using a test year that is reasonably representative of
the compliance year and that results in the Commission issuing a final order no
later than January 1 of the compliance year, annual revenue requirement is the
total revenue the Commission authorizes an electric company the opportunity to
recover in Oregon rates before the application of credits resulting from 16 U.S.C. sec. 839(c) (2008) (commonly known as the "Bonneville Power
Administration Residential Exchange") adjusted for amounts and costs as needed
in accordance with ORS
469A.100(3);
or
(b) For a compliance year not
involving a general rate proceeding under subsection (1)(a) of this rule,
annual revenue requirement is the amount produced by the following calculation:
(A) Calculate the operating revenues related
to net power costs, the renewable adjustment clause, updates for base rate
changes relating to automatic adjustment clauses, and other adjustments
authorized by the Commission subsequent to the most recent general rate
proceeding and adjusted for electric company load changes as needed;
and
(B) To the amount calculated
under paragraph (1)(b)(A) of this rule, add the product of:
(i) The total operating revenues authorized
in the most recent general rate proceeding, reduced by the amount of operating
revenues related to energy efficiency programs, low income energy assistance,
the incremental cost of compliance, unbundled renewable energy certificates,
alternative compliance payments, and net power costs in the general rate
proceeding, and increased by credits resulting from 16 U.S.C. sec. 839(c) (2008); and
(ii) The ratio of the
compliance year forecasted load to the load from the most recent general rate
proceeding; and
(C) In
the sum calculated under subsection (1)(b) of this rule, adjust for the amounts
and costs as needed in accordance with ORS
469A.100(3).
(2) For a compliance year under
subsection (1)(b) of this rule, each electric company that is subject to a
renewable portfolio standard in the following calendar year under ORS
469A.052 must file its proposed
annual revenue requirement for the following compliance year on or before
November 15, 2010, and annually thereafter.
(3) On or before December 1, 2010, and
annually thereafter, each electric company must amend its filing made under
section (2) of this rule for any updated renewable adjustment clause filing and
retail electricity consumer loads that will be served through direct access in
the compliance year.
(4) For a
compliance year involving a general rate proceeding under subsection (1)(a) of
this rule, the electric company must make a compliance filing by December 1 in
the year preceding the compliance year or 14 days from the entered date of the
Commission's final order in the general rate proceeding, whichever is later.
The compliance filing must calculate the total revenue the Commission
authorized the electric company the opportunity to recover in Oregon rates in
the final rate proceeding order, adjusted for amounts and costs as needed under
ORS 469A.100(3).
Stat. Auth.: ORS
756.040,
757.659 &
469A.065
Stats. Implemented: ORS
469A.100
