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<br />01231 <br /> <br />o - R - A - F . T <br /> <br />P:\User\Thomas\95Rate\FundRDav <br />November 19. 1993 <br /> <br />by DOE Order RA6120.2. <br /> <br />d. Any additional amounts needed to fund these expenses would be added <br />on to the rate to provide these additional funds as needed. <br /> <br />e. Under this method, any additional revenues received because of the <br />funding of the nonreimbursables being included in the rate, would <br />automatically flow into the Net Available For Repayment column in <br />the study and would be credited to the repayment of investment as <br />required by the GCPA of 1992. <br /> <br />f. Nonreimbursable expenses (expenses to be borne by the taxpayers) <br />initially funded from the Basin Fund (this does not impact the firm <br />power rate) which is a U. S. Treasury account in which monies not <br />transferred to the General Fund are maintained, will be shown in the <br />Financial Statements as as an expense that does not reduce the net <br />revenue available for repayment of project investment. <br /> <br />2. As an alternate method of tracking nonreimbursable expenses and credits in <br />the PRS. Western has changed headi ngs on some columns and added some <br />additional columns to accommodate the application of credits to investment <br />obligations for nonreimbursable expenses that are allowed to impact the <br />firm power rate in the rate-setting mechanism of the PRS: <br /> <br />a. Two additional expense columns have been added to the PRS to track <br />the amount of nonreimbursable expenses that are initially funded <br />through an increase to the firm power rate and to assure that these <br />expenses are credited to the repayment of investment. Environmental <br />expenses that are to be initially funded from an increase to firm <br />power revenues will be included in the SLCA/IP PRS as expense items. <br />When this funding is shown in the PRS as an expense. the. full impact <br />will be felt in the firm power rate and assure that the firm power <br />rate is high enough to provide the needed funding. If sufficient <br />revenues are available in the Basin Fund and a rate increase for <br />this purpose is not needed. then these columns will be left blank <br />for those years. <br /> <br />b. All nonreimbursable environmental expenses (including those prior to <br />FY 1993 that have been declared by the Act as nonrimbursable) <br />initially funded by power revenues will be added back to net power <br />revenues after preliminary calculations are complete (i.e.. gross <br />power revenues, less total power expenses, equals net power <br />revenues). These nonreimbursable environmental expenses, although <br />they are not power expenses. if they are included in the rate so <br />that they are initially funded by power revenues, will be included <br />as an expense in the PRS in a separate column. Then after the net <br /> <br />4 <br />