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Composite Rates for RGP~F1 are: 21.4 mi lls/kWh for September 1982 through August 1983. 27.0 mi lls/kWh for September 1983 and thereafter. Repayment Studies prepared for FY 1983 showed that a composite rate of 30.85 mi lls/kWh for firm power and energy and 22.0 mi lls/kWh for nonfirm excess energy would be required for RGP payout. These new rate schedules have been in effect from October 1, 1984, to present. The firm rate schedule was designated RGP-F2, and the nonfirm excess energy rate schedule designated as RGP-EE1. The components of the rate were as follows: Demand Charge: $6.545 per KW-month Energy Charge: 15.425 mills/kWh Composite Rates for RGP-F2 is: 30.85 mills per kWh Nonfirm Rate for RGP EEl is: 22.00 mi lls per kWh V. PROPOSED POWER RATE Based on data available for FY 1985, an FY 1985 Current PRS was prepared using the existing power rates. The study showed that the existing rates would not be sufficient to pay the annual operating expenses and to repay both the RGP power investment and deferred annual expenses within the allotted repayment periods. An FY 1985 Fi na 1 Rev; sed PRS was then prepared to determi ne the power rate needed to accomplish timely repayment of all costs assigned to the power function. Since the existing power rate was established, there have been significant increases in the annual O&M expenses. The average annual expenses in the FY 1985 Final Revised PRS exceed the average annual expenses for the FY 1983 Revised PRS by $66,800. The average annual O&M expenses increased $96,922, with a $19,071 decrease in interest expense, a $601 increase for other expenses, and a $11,652 decrease for power purchases. The increases of O&M and other expenses are substantially offset by a $30,723 reduction in interest and purchase expenses. 8 -