2021 FORWARD LOOKING ATTACHMENT O - CUSTOMER MEETING - Wednesday, October 28, 2020 - OATi ...
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2021 FORWARD LOOKING ATTACHMENT O CUSTOMER MEETING Wednesday, October 28, 2020
AGENDA
• Meeting Purpose
• Otter Tail Power Company Profile
• Attachment O Calculation
• Capital Projects
• Budget Risks
• Question/Answer
2
LEGAL DISCLOSURE
All numeric data provided in this presentation is preliminary
and subject to change.
3
MEETING PURPOSE
• To provide an information forum regarding Otter Tail’s forecasted
Attachment O for 2021.
• The forecasted Attachment O for 2021 is calculated using the FERC Form 1
Attachment O template under the MISO Tariff with a projected net
revenue requirement and projected load.
• Rates will become effective on January 1, 2021 for the joint pricing zone.
4
OTTER TAIL POWER COMPANY PROFILE
5
WHO WE SERVE
6
OUR MISSION
To produce and deliver electricity as
reliably, economically, and environmentally
responsibly as possible to the balanced benefit
of customers, shareholders, and employees
and to improve the quality of life
in the areas in which we do business
.
7OUR VISION
Growth and success—for our company
and the rural communities we serve.
We collaborate and prosper through
responsible, resourceful action. We balance
community, economic, and environmental
commitments. Always.
8OUR VALUES
INTEGRITY COMMUNITY
We conduct business responsibly and We care about the people and
honestly. places we serve and improve the
quality of life in the areas
SAFETY in which we do business.
We provide safe workplaces and
require safe work practices. RESOURCEFULNESS
We draw on the ingenuity and
CUSTOMER FOCUS expertise of various resources
We provide reliable electricity and to create strategic, balanced,
timely, courteous customer service. practical plans.
9ATTACHMENT O CALCULATION
10FORWARD LOOKING ATTACHMENT O
• Forward Looking Rate Requirements
• Rate Base
• Operating Expenses
• Revenue Requirement and Rate
• Network Rate Summary
11RATE REQUIREMENTS
Actual Forward Looking
• By June 1 of each year, Otter Tail will post on • By September 1 of each year, Otter Tail will
OASIS all information regarding any post on OASIS its projected Net Revenue
Attachment O True-up Adjustments for the Requirement, including the True-Up
prior year. Adjustment and load for the upcoming year,
• By September 1 of each year, Otter Tail will and associated work papers.
hold a customer meeting to explain its Actual • A customer meeting will be held by October
Year True-up Calculation. 31 of each year to explain its forward looking
• Ex. 2021 Forward Looking Attachment O will formula rate input projections and cost detail.
be trued-up by June 1, 2022 with a
corresponding Customer Meeting to be held
by September 1, 2022.
The MISO Transmission Owners will hold a Joint Informational Meeting on
Regional Cost Shared Projects by November 1 of each year.
12RATE BASE
13OPERATING EXPENSES
14REVENUE REQUIREMENT AND RATE
15RATE SUMMARY
16TOTAL TRANSMISSION REVENUE REQUIREMENT BREAKDOWN
Total Rev. Req. =
$70,514,803
Attch. GG Rev. Attch. MM Rev.
Net Attch. O ATRR =
$32,739,563 Req. = Req. =
$14,217,718 $23,557,522
172019 TRANSMISSION PROJECTS
18ATTACHMENT O: TRANSMISSION PROJECTS (1 OF 2)
Attachment O Project Voltage In-Service 2021 Projected Spend Description of Project
Date (w/o AFUDC)
Transmission Line Improvements 41.6 – 345 kV Varied $4,824,000 Upgrade, repair, replace or move existing facilities along
transmission lines due to age, condition or access issues.
Substation Facility 41.6 – 345 kV Varied $1,380,000 Upgrade, repair or replace existing substation facilities due to
Improvements age or condition issues.
Finley – McVille Line Rebuild 41.6 kV 12/20/2021 $940,000 Rebuild existing 41.6 kV line with new framing that includes a
shield wire to improve reliability.
Bartlett – Doyon Line Rebuild 41.6 kV 12/20/2021 $950,000 Rebuild existing 41.6 kV line with new framing that includes a
shield wire to improve reliability.
Turtle Lake – Mercer Line 41.6 kV 11/30/2021 $570,000 Rebuild existing 41.6 kV line with new framing that includes a
Rebuild shield wire to improve reliability.
Winger 230/115 kV Transformer 230 kV 11/30/2023 $350,000 Add a second 230/115 kV transformer at Winger to support
#2 NW MN 115 kV system.
Winger Substation – Replace 115 kV 11/1/2021 $200,000 Replace breaker disconnect switches at Winger Substation on
Disconnects the Plummer 115 kV line.
Plummer Pipeline Tap – Replace 115 kV 11/30/2021 $200,000 Replace limiting line switch at Plummer Pipeline Tap on
Switch Winger 115 kV line.
19ATTACHMENT O: TRANSMISSION PROJECTS (2 OF 2)
Attachment O Project Voltage Projected In- 2021 Projected Spend Description of Project
Service Date (w/o AFUDC)
Erie Substation 230 kV 5/1/2023 $10,000 Construct a new 230/115 kV Substation along the Audubon –
Hubbard 230 kV line in coordination with new Erie – Frazee
115 kV line.
New Effington Substation 230 kV 2/22/2021 $132,500 Construct new 230/41.6 kV Substation along Browns Valley –
Hankinson 230 kV line.
Grant County – Norcross Line 115 kV 8/1/2021 $1,691,680 Construct a new 115 kV line from Grant County to Norcross
with Norcross Substation with a new Norcross 115/41.6 kV Substation.
Hoot Lake Capacitors 115 kV 9/15/2021 $750,000 Install 2 x 25 MVAR capacitor banks on 115 kV system at Hoot
Lake.
New Jamestown 41.6 kV 11/30/2021 $400,000 Create a new 41.6 kV interconnection with Central Power
interconnection with CPEC Electric Cooperative (CPEC) near Jamestown Pipestem.
Lake Norden Area Transmission 115 kV 6/30/2021 $7,098,204 Construct new 115 kV line from Astoria to Lake Norden with a
Project new Toronto North 115 kV switching station.
J302/J503 Ellendale – 230 kV 1/22/2021 $1,267,903 Upgrade the Ellendale – Oakes – Forman – Hankinson 230 kV
Hankinson Line Upgrade line to a higher rating due to J302/J503 wind farm.
20ATTACHMENT GG / MM: TRANSMISSION PROJECTS
Attachment GG Project Voltage Projected In- 2021 Projected Spend Description of Project
Service Date (w/o AFUDC)
Attachment MM Project Voltage Projected In- 2021 Projected Spend Description of Project
Service Date (w/o AFUDC)
Big Stone South – Ellendale 345 345 kV 2/4/2019 $13,000 Project closeout activities.
kV Project
21BUDGET RISKS
Demand/
Revenue Regulatory Filings
Weather
Timing of Capital
Financing Outages
Projects
22QUESTIONS?
If you have any additional questions after the meeting,
please submit via e-mail to:
MISO_rates@otpco.com
All questions and answers will be distributed by e-mail to all attendees.
Additionally, the questions and answers will be posted on Otter Tail’s OASIS
website (http://www.oasis.oati.com/OTP/index.html) within two weeks from
the date of inquiry.
23otpco.com
otpsustainability.com
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