[Federal Register Volume 60, Number 204 (Monday, October 23, 1995)]
[Notices]
[Pages 54348-54349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26120]
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DEPARTMENT OF ENERGY
[Docket No. EF96-5161-000]
Western Area Power Administration; Notice of Filing
October 17, 1995.
Take notice that on October 3, 1995, the Deputy Secretary of the
U.S. Department of Energy by Rate Order No. WAPA-67 did confirm and
approved on an interim basis, to be effective on October 1, 1995 the
Western Area Power Administration's (Western) rates for nonfirm energy
sales contained in Rate Schedule SNF-4 from the Stampede Division,
Washoe Project (Stampede).
The rates in Rate Schedule SNF-4 will be in effect pending the
Federal Energy Regulatory Commission's (FERC) approval of it or of
substitute rates on a final basis, through September 30, 2000.
Under Western's contract with the Sierra Pacific Power Company
(Sierra), all Stampede nonfirm energy is credited to the Stampede
Energy Exchange Account (SEEA), at the SEEA rate. The cost of project
use service is then debited to the SEEA. Energy remaining after meeting
project use service will be offered to interested parties and
preference customers through an annual bidding process. Bids will be
accepted only if the bid rate is equal to or higher than the SEEA rate,
and less than the cost recovery rate. If no mid meets this criteria,
the nonfirm energy will be deemed sold to Sierra at the SEEA rate. The
SEEA rate is 85 percent of the then-effective non-time differentiated
rate as provided in the Sierra's California Quarterly Short-Term
Purchase Price Schedule for As-Available Purchases from Qualifying
Facilities with Capacities of 100 kilowatts or less. If the SEEA
arrangements with Sierra are terminated, Western will offer all
available nonfirm energy for sale at the cost recovery rate, or the
highest rate bid that is below the cost recovery rate.
Stampede power costs associated with providing project use service
are nonreimbursable and not recovered through power revenues. The
amount of nonreimbursable costs is calculated by multiplying the total
annual power costs by a ratio of the cost of providing project use
service to the revenues from Stampede generation as recorded in the
SEEA. The reimbursable cots and energy remaining after project use
service has been provided are used to calculate the cost recovery rate.
The power repayment study and other analyses indicate the cost recovery
rate provides sufficient revenue to pay all reimbursable annual costs
including interest expense, plus repayment of required investment
within the allowable time period.
Under the existing rate schedule, Stampede nonfirm energy is sold
through an annual bidding process on a short-term nonfirm basis. A
floor and ceiling rate for the bidding process is calculated each year.
The floor rate is based on annual operation and maintenance expenses
plus two mills per kilowatthour, and the ceiling rate is the rate
required to repay annual expenses and investment within the required
time frames.
The Administrator of Western certifies that these rates are
consistent with applicable law and that they are the lowest possible
rates consistent with sound business principles. The Deputy Secretary
of the U.S. Department of Energy states that the rate schedule is
submitted for confirmation and approval on a final basis for a 5-year
period beginning October 1, 1995 and ending September 30, 2000,
pursuant to authority vested in FERC by Delegation Order No. 0204-109,
as amended.
Any person desiring to be heard or to protest said filing should
file a motion to intervene or protest with the Federal Energy
Regulatory Commission, 825 North Capitol Street, N.E., Washington, D.C.
20426, in accordance with Rules 211 and 214 of the Commission's Rules
of Practice and Procedure (18 CFR 385.211 and 18 CFR 385.214). All such
motions or protests should be filed on or before November 3, 1995.
Protests will be considered by the Commission in determining the
appropriate action to be taken, but will not serve to make protestants
parties to the proceeding. Any person wishing to become a party must
file a motion to intervene. Copies of this filing are on file with the
[[Page 54349]]
Commission and are available for public inspection.
Lois D. Cashell,
Secretary.
[FR Doc. 95-26120 Filed 10-20-95; 8:45 am]
BILLING CODE 6717-01-M
