2016 Attachment O Projection Stakeholder Meeting
Ameren Transmission Company of Illinois
October 1, 2015
AGENDA
Main Purpose is to review ATXI 2016 Projected Transmission Rate
Calculations
• Timeline
• ATXI 2016 Projection
• Attachment O
• Attachment MM
• 2016 AMIL Pricing Zone NITS Charge
2
PROTOCOL TIMELINE
Schedule
(Forward-Looking Protocols)
Date
June 1

Posting of annual true-up for prior year
September 1

Deadline for annual true-up meeting
September 1

Posting of net projected revenue requirement for following year
October 15

Deadline for annual projected rate meeting
November 1

Deadline for joint meeting on regional cost-shared projects
March 15

Transmission Owners submit informational filing to the Commission
3
ATXI Revenue Requirement
Projected 2015 vs Projected 2016
4
ATXI 2016 PROJECTED RATE BASE
Page.Line
Jan-15
80,778,000
4,717,000
76,061,000
Jan-16
244,237,971
9,096,778
235,141,193
Change
163,459,971
4,379,778
159,080,193
Percent
202%
93%
209%
2.6
2.12
2.18
Total Gross Plant
Total Accum Depreciation
TOTAL NET PLANT
2.18a
100% CWIP RECOVERY
471,564,000
684,234,021
212,670,021
45%
2.20
2.21
2.22
2.25
2.26
2.27
2.28
ADJUSTMENTS TO RATE BASE
Account No. 282
Account No. 283
Account No. 190
Land Held for Future Use
CWC
Materials & Supplies
Prepayments
TOTAL ADJUSTMENTS
-12,824,000
-2,720,000
2,470,000
0
866,625
0
190,000
-12,017,375
-39,416,856
-3,419,130
8,262,219
0
1,575,005
0
392,795
-32,605,966
-26,592,856
-699,130
5,792,219
0
708,380
0
202,795
-20,588,591
207%
26%
235%
N/A
82%
N/A
107%
171%
2.30
TOTAL RATE BASE
535,607,625
886,769,248
351,161,623
66%
5
ATXI 2016 PROJECTED EXPENSES
Jan-15
Page.Line
Jan-16
Change
Percent
3.1
3.1a
3.2
3.3
3.4
3.5
3.5a
3.8
O&M
Transmission
Less LSE Expenses
Less Account 565
A&G
Less FERC Annual Fees
Less EPRI, ect.
Plus Trans. Reg. Comm. Exp
TOTAL O&M
367,000
0
0
6,566,000
0
50,000
50,000
6,933,000
1,200,387
0
0
11,399,650
0
51,164
51,164
12,600,037
833,387
0
0
4,833,650
0
1,164
1,164
5,667,037
227%
N/A
N/A
74%
N/A
2%
2%
82%
3.12
TOTAL DEPRECIATION
1,132,000
6,599,581
5,467,581
483%
3.13
3.16
3.18
3.27
TAXES
Payroll
Property
Other
Income Taxes
TOTAL TAXES
0
0
155,000
24,806,313
24,961,313
0
763,426
500,000
41,070,854
42,334,280
0
763,426
345,000
16,264,541
17,372,967
N/A
N/A
223%
66%
70%
TOTAL EXPENSES
33,026,313
61,533,898
28,507,585
86%
6
ATXI 2016 PROJECTED CAPITAL STRUCTURE
Capital Structure - 2015 Projection
Page.Line
4.27
4.28
4.29
4.30
Long Term Debt
Preferred Stock
Common Stock
Total
$
192,308,000
0
247,121,000
439,429,000
%
43.8%
0.0%
56.2%
100.0%
Cost
Weighted
0.0427 0.0187
0.0000 0.0000
0.1238 0.0696
0.0883
Capital Structure - 2016 Projection
Page.Line
4.27
4.28
4.29
4.30
Long Term Debt
Preferred Stock
Common Stock
Total
Change in Return
$
303,846,154
0
388,732,961
692,579,115
%
43.9%
0.0%
56.1%
100.0%
Cost
Weighted
0.0391 0.0172
0.0000 0.0000
0.1238 0.0695
0.0866
-0.1684%
7
ATXI 2016 PROJECTED TOTAL REVENUE REQUIREMENT
2.30
4.30
3.28
TOTAL RATE BASE
Rate of Return on ACS
Return from ACS
Jan-15
535,607,625
8.83%
47,306,341
2.30a
4.30e
3.28a
100% CWIP RECOVERY
Incremental Rate of Return on HCS
Incremental Return from HCS
471,564,000
-0.02%
-90,541
684,234,021
-0.01%
-74,367
212,670,021
0.01%
16,174
45%
-43%
-18%
3.29
Total Return
Total Expenses
TOTAL GROSS REV. REQ.
47,215,800
33,026,313
80,242,113
76,753,950
61,533,898
138,287,848
29,538,150
28,507,585
58,045,735
63%
86%
72%
3.30
3.30a
3.31
Less ATT. GG Adjustment
Less ATT. MM Adjustment
GROSS REV. REQ. UNDER ATT. O
0
71,386,314
8,855,799
0
128,723,561
9,564,287
0
57,337,246
708,489
N/A
80%
8%
Page.Line
Jan-16
886,769,248
8.66%
76,828,317
Change
351,161,623
-0.17%
29,521,976
Percent
66%
-2%
62%
8
ATXI 2016 PROJECTED NET REVENUE REQUIREMENT & TRUE UP
Jan-15
8,855,799
423,000
Jan-16
9,564,287
990,564
Change
708,489
567,564
Percent
8%
134%
Historic Year Actual ATRR
Projected ATRR from Prior Year
Prior Year ATRR True-Up
Prior Year Divisor True-Up
Interest on Prior Year True-Up
8,860,739
7,406,002
1,454,736
-45,647
9,706
10,933,054
10,761,294
171,760
-244,936
-4,756
2,072,316
3,355,292
-1,282,976
-199,289
-14,462
23%
45%
-88%
437%
-149%
NET REVENUE REQUIREMENT
9,851,594
8,495,791
-1,355,803
-14%
Page.Line
1.1
1.6
Gross Revenue Requirement
Total Revenue Credits
1.6a
1.6b
1.6c
1.6d
1.6e
1.7
9
ATXI 2014 ATTACHMENT O TRUE UP
Ameren Transmission Company of Illinois
Attachment O Revenue Requirement True-Up
Year Ended December 31, 2014
Attachment O
Net Actual Revenue Requirement (2014 Actual Attachment O, Pg 1, Line 7)
$
10,933,054
Net Projected Revenue Requirement (2014 Projected Attachment O, Pg 1, Line 7)
$
10,761,294
Under/(Over) Recovery of Net Revenue Requirement
$
171,760
Historic Year Actual Divisor for Pricing Zone (2014 Actual AIC Attachment O, Pg 1, Line 15)
Projected Year Divisor for Pricing Zone (AIC 2014 Projected Attachment O, Pg 1, Line 15)
Difference between Historic & Projected Yr Divisor
Prior Year Projected Annual Cost ($ per kw per yr)
Prior Year Under/(Over) Divisor True-up
$
$
$
7,205,351
7,045,000
160,351
1.53
(244,936)
Total Under/(Over) Recovery
$
(73,176)
Monthly Interest Rate (updated through July, 2015)
Interest For 24 Months
$
Total Under/(Over) Recovery Including Interest
$
0.2708%
(4,756)
(77,932)
10
ATXI 2016 PROJECTED ATTACHMENT MM
ATXI Attachment MM Calculation - Page 1
(1)
(2)
Attachment O
Page, Line, Col.
Line
No.
(3)
(4)
Transmission
Allocator
1
1a
2
Gross Transmission Plant - Total
Transmission Accumulated Depreciation
Net Transmission Plant - Total
Attach O, p 2, line 2 + 18a col 5 (Note A)
Attach O, p 2, line 8 col 5
Line 1 minus Line 1a (Note B)
923,168,452
7,645,717
915,522,735
3
3a
3b
3c
3d
O&M TRANSMISSION EXPENSE
Total O&M Allocated to Transmission
Transmission O&M
Less: LSE Expenses included in above, if any
Less: Account 565 included in above, if any
Adjusted Transmission O&M
Attach O, p 3, line 8 col 5
Attach O, p 3, line 1 col 5
Attach O, p 3, line 1a col 5, if any
Attach O, p 3, line 2 col 5, if any
Line 3a minus Line 3b minus Line 3c
12,600,037
1,200,387
1,200,387
4
Annual Allocation Factor for Transmission O&M
4a
4b
OTHER O&M EXPENSE
Other O&M Allocated to Transmission
Annual Allocation Factor for Other O&M
5
6
GENERAL AND COMMON (G&C) DEPRECIATION EXPENSE
Total G&C Depreciation Expense
Annual Allocation Factor for G&C Depreciation Expense
7
8
TAXES OTHER THAN INCOME TAXES
Total Other Taxes
Annual Allocation Factor for Other Taxes
9
Annual Allocation Factor for Other Expense
10
11
INCOME TAXES
Total Income Taxes
Annual Allocation Factor for Income Taxes
Attach O, p 3, line 27 col 5
(line 10 divided by line 2 col 3)
41,070,854
12
13
RETURN
Return on Rate Base (Note I)
Annual Allocation Factor for Return on Rate Base
Attach O, p 3, line 28 col 5
(line 12 divided by line 2 col 3)
76,828,317
14
Annual Allocation Factor for Return
15
HYPOTHETICAL CAPITAL STRUCTURE (HCS) RETURN
Annual Allocation Factor HCS Return (Note J)
(Line 3d divided by line 1a, col 3)
Line 3 minus Line 3d
Line 4a divided by Line 1, col 3
11,399,650
Attach O, p 3, lines 10 & 11, col 5 (Note H)
(line 5 divided by line 1 col 3)
1,726,458
Attach O, p 3, line 20 col 5
(line 7 divided by line 1 col 3)
1,263,426
15.70%
15.70%
1.23%
1.23%
0.19%
0.19%
0.14%
0.14%
Sum of line 4b, 6, and 8
1.56%
4.49%
4.49%
8.39%
8.39%
Sum of line 11 and 13
Attach O, p 4, line 30e
12.88%
-0.01%
0.00%
11
ATXI 2016 PROJECTED ATTACHMENT MM
ATXI Attachment MM Calculation - Page 2
(1)
Line No.
Project Name
(2)
(3)
(4)
(5)
(6)
(7)
Transmission
Annual Allocation for
MTEP Project
Project Accumulated O&M Annual
Transmission O&M
Number
Project Gross Plant
Depreciation
Allocation Factor
Expense
(Note C)
Page 1 line 4
(9)
Other
Expense
Annual
Allocation Annual Allocation Annual Expense
Factor
for Other Expense
Charge
Page 1 line
9
(Col 4 * Col 5)
(8)
(Col 3 * Col 7)
(Col 6 + Col 8)
Multi-Value Projects (MVP)
1a
1b
1c
Pana-Sugar Creek - CWIP
Pana-Sugar Creek - Plant in Service - No HCS
Pana-Sugar Creek - Land - No HCS
2237
2237
2237
$
$
$
131,089,876
40,471,137
4,524,089
$
$
$
378,967
-
1.56% $
1.56% $
1.56% $
2,043,313
630,828
70,518
$
$
$
2,043,313
690,327
70,518
1d
Sidney-Rising - CWIP
2239
$
51,469,977
$
1e
Sidney-Rising - Plant in Service - No HCS
2239
$
23,043,585
$
1.56% $
802,269
$
802,269
1.56% $
359,183
$
1f
Sidney-Rising - Land - No HCS
2239
$
1,285,913
$
-
15.70% $
388,089
-
1.56% $
20,044
$
1g
Adair-Ottumwa - CWIP
2248
$
4,246,263
$
-
20,044
15.70% $
-
1.56% $
66,187
$
1h
Adair-Ottumwa - Plant in Service - No HCS
2248
$
-
$
66,187
-
15.70% $
-
1.56% $
1i
Adair-Ottumwa - Land - No HCS
2248
$
656,150
$
-
15.70% $
-
1.56% $
1j
Palmyra-Pawnee - CWIP
3017
$
370,343,131
$
1k
Palmyra-Pawnee - Plant in Service - No HCS
3017
$
87,915,462
$
-
15.70% $
-
15.70% $
123,439
1l
Palmyra-Pawnee - Land - No HCS
3017
$
8,169,406
$
-
15.70% $
1m
Fargo-Galesburg-Oak Grove - CWIP
3022
$
42,657,530
$
-
15.70% $
1n
Fargo-Galesburg-Oak Grove - Plant in Service - No HCS
3022
$
5,160,424
$
1o
Fargo-Galesburg-Oak Grove - Land - No HCS
3022
$
3,396,576
$
-
15.70% $
1p
Pawnee-Pana - CWIP
3169
$
52,724,134
$
-
1q
Pawnee-Pana - Plant in Service - No HCS
3169
$
2,974,085
$
1r
Pawnee-Pana - Land - No HCS
3169
$
3,892,368
$
-
1s
Adair-Palmyra - CWIP
3170
$
31,703,109
$
-
1t
Adair-Palmyra - Plant in Service - No HCS
3170
$
2,429,690
$
1u
Adair-Palmyra - Land - No HCS
3170
$
769,449
$
184,113
786,231
11,394
4,684
3,827
-
15.70% $
15.70% $
15.70% $
15.70% $
15.70% $
59,498
28,906
$
-
10,227
$
10,227
1.56% $
5,772,582
$
5,772,582
1.56% $
1,370,349
$
1,493,788
-
1.56% $
127,337
$
127,337
-
1.56% $
664,908
$
664,908
1.56% $
80,436
$
82,225
-
1.56% $
52,943
$
52,943
15.70% $
-
1.56% $
821,817
$
821,817
15.70% $
735
1.56% $
46,357
$
47,093
15.70% $
-
1.56% $
60,671
$
60,671
15.70% $
-
1.56% $
494,160
$
494,160
15.70% $
601
1.56% $
37,872
$
38,473
15.70% $
-
1.56% $
11,993
$
11,993
15.70% $
1,789
-
12
ATXI 2016 PROJECTED ATTACHMENT MM
ATXI Attachment MM Calculation - Page 2 (Continued)
Line No.
(1)
(2)
Project Name
MTEP Project
Number
(10)
(11)
(11a)
(12)
(13)
(14)
Project Net Plant
Annual
Allocation
Factor for
Return
Annual Allocation Factor
for HCS Return
Annual Return Charge
Project
Depreciation
Expense
Annual Revenue
Requirement
(Col 10 * (Col 11 + 11a))
(Note E)
(Sum Col. 9, 12 & 13)
(Col 3 - Col 4)
(Page 1 line 14) (Page 1 line 15) (Note J)
(15)
(16)
MVP Annual Adjusted
True-Up Adjustment Revenue Requirement
Sum Col. 14 & 15
(Note G)
(Note F)
Multi-Value Projects (MVP)
1a
Pana-Sugar Creek - CWIP
2237
$
131,089,876
12.88%
0.00% $
16,881,490
$
1b
Pana-Sugar Creek - Plant in Service - No HCS
2237
$
40,092,170
12.88%
0.00% $
5,162,989
$
$
18,924,803
$
487,836
$
19,412,639
$
6,651,487
$
-
$
1c
Pana-Sugar Creek - Land - No HCS
2237
$
4,524,089
12.88%
0.00% $
582,603
$
6,651,487
-
$
653,121
$
139,393
$
1d
Sidney-Rising - CWIP
2239
$
51,469,977
12.88%
0.00% $
6,628,200
$
792,514
-
$
7,430,468
$
925,675
$
8,356,143
1e
Sidney-Rising - Plant in Service - No HCS
2239
$
22,859,472
12.88%
0.00% $
2,943,797
$
1f
Sidney-Rising - Land - No HCS
2239
$
1,285,913
12.88%
0.00% $
165,597
$
-
$
3,795,954
$
-
$
3,795,954
$
185,641
$
98,760
$
1g
Adair-Ottumwa - CWIP
2248
$
4,246,263
12.88%
0.00% $
546,825
$
284,401
-
$
613,012
$
(48,295)
$
1h
Adair-Ottumwa - Plant in Service - No HCS
2248
$
-
12.88%
0.00% $
-
564,717
$
-
$
$
-
$
1i
Adair-Ottumwa - Land - No HCS
2248
$
656,150
12.88%
0.00% $
$
-
$
94,725
$
(11,111)
$
83,614
1j
Palmyra-Pawnee - CWIP
3017
$
370,343,131
12.88%
0.00% $
47,692,041
1k
Palmyra-Pawnee - Plant in Service - No HCS
3017
$
87,129,231
12.88%
0.00% $
11,220,327
$
-
$
53,464,623
$
1,839,573
$
55,304,196
$
1,764,313
$
14,478,427
$
-
$
1l
Palmyra-Pawnee - Land - No HCS
3017
$
8,169,406
12.88%
0.00% $
14,478,427
1,052,040
$
-
$
1,179,377
$
282,973
$
1m
Fargo-Galesburg-Oak Grove - CWIP
3022
$
42,657,530
12.88%
1,462,350
0.00% $
5,493,351
$
-
$
6,158,259
$
(260,136)
$
1n
Fargo-Galesburg-Oak Grove - Plant in Service - No HCS
3022
$
5,149,031
5,898,123
12.88%
0.00% $
663,082
$
$
850,967
$
-
$
1o
Fargo-Galesburg-Oak Grove - Land - No HCS
3022
$
850,967
3,396,576
12.88%
0.00% $
437,404
$
-
$
490,347
$
117,172
$
1p
Pawnee-Pana - CWIP
3169
607,519
$
52,724,134
12.88%
0.00% $
6,789,708
$
-
$
7,611,525
$
96,988
$
7,708,513
1q
Pawnee-Pana - Plant in Service - No HCS
1r
Pawnee-Pana - Land - No HCS
3169
$
2,969,401
12.88%
0.00% $
382,393
$
$
490,380
$
-
$
490,380
3169
$
3,892,368
12.88%
0.00% $
501,251
$
-
$
561,922
$
78,933
$
1s
640,855
Adair-Palmyra - CWIP
3170
$
31,703,109
12.88%
0.00% $
4,082,662
$
-
$
4,576,823
$
493,883
$
5,070,706
1t
Adair-Palmyra - Plant in Service - No HCS
3170
$
2,425,864
12.88%
0.00% $
312,398
$
$
400,618
$
-
$
400,618
1u
Adair-Palmyra - Land - No HCS
3170
$
769,449
12.88%
0.00% $
99,088
$
$
111,082
$
21,560
$
132,642
84,498
798,172
464,068
105,660
60,894
49,748
-
-
2
MVP Total Annual Revenue Requirements
$128,723,561
3
Rev. Req. Adj For Attachment O
$128,723,561
$4,263,204
-
$132,986,765
13
ATXI 2014 ATTACHMENT MM TRUE UP
ATXI 2014 Attachment MM True Up
(a)
(b)
Line
No.
1
2a
2b
2c
2d
2e
2f
2g
2h
2i
2j
2k
2l
2m
2n
2o
2p
2q
2r
2s
2t
2u
Project
Name
(c)
(e)
Projected
Annual
Revenue
Requirement 1
Projected
Attachment MM
p 2 of 2, Col. 142
MTEP
Actual
Project Attachment MM
Number
Revenues
Actual Attachment MM revenues for True-Up Year 1
Pana-Sugar Creek - CWIP
Pana-Sugar Creek - Plant in Service - No HCS
Pana-Sugar Creek - Land - No HCS
Sidney-Rising - CWIP
Sidney-Rising - Plant in Service - No HCS
Sidney-Rising - Land - No HCS
Adair-Ottumwa - CWIP
Adair-Ottumwa - Plant in Service - No HCS
Adair-Ottumwa - Land - No HCS
Palmyra-Pawnee - CWIP
Palmyra-Pawnee - Plant in Service - No HCS
Palmyra-Pawnee - Land - No HCS
Fargo-Galesburg-Oak Grove - CWIP
Fargo-Galesburg-Oak Grove - Plant in Service - No HCS
Fargo-Galesburg-Oak Grove - Land - No HCS
Pawnee-Pana - CWIP
Pawnee-Pana - Plant in Service - No HCS
Pawnee-Pana - Land - No HCS
Adair-Palmyra - CWIP
Adair-Palmyra - Plant in Service - No HCS
Adair-Palmyra - Land - No HCS
(d)
$
(g)
(h)
(i)
(j)
(k)
Actual
Annual
Revenue
Requirement 1
Actual
Attachment MM
p 2 of 2, Col. 142
True-Up
Adjustment
Principal
Under/(Over)
Applicable
Interest
Rate on
Under/(Over)
True-Up
Adjustment
Interest
Under/(Over)
Total
True-Up
Adjustment
Col. (g) - Col. (f)
Line 5
Col. (h) x Col. (i)
x 24 months 2
Col. (h) + Col. (j)
23,828,085
2237
2237
2237
2239
2239
2239
2248
2248
2248
3017
3017
3017
3022
3022
3022
3169
3169
3169
3170
3170
3170
5,743,325
191,794
1,338,153
113,109
74,113
73,406
12,663,053
1,089,588
598,737
455,648
1,035,565
397,509
1,872,691
108,729
3
Subtotal
4
Under/(Over) Recovery
5
Applicable Interest rate per month (expressed to four decimal places)
1
Amount excludes True-Up Adjustment, as reported in True-Up Year projected Attachment MM, page 2, column 15.
Rounded to whole dollars.
2
(f)
Actual
Attachment MM
Revenues
Allocated
to Projects 1
[Col. (d), line 1
x (Col. (e), line 2x /
Col. (e), line 3)]2
$
25,755,420
5,313,539
177,442
1,238,016
104,645
68,567
67,913
11,715,449
1,008,052
553,932
421,551
958,071
367,763
1,732,553
100,593
$
23,828,086 $
5,797,022
315,591
2,155,431
202,524
20,703
56,901
13,538,606
1,288,500
296,117
537,677
1,054,194
445,992
2,222,029
121,961
483,483
138,149
917,415
97,879
(47,864)
(11,012)
1,823,157
280,448
(257,815)
116,126
96,123
78,229
489,476
21,368
4,353
1,244
8,260
881
(431)
(99)
16,416
2,525
(2,321)
1,046
865
704
4,407
192
487,836
139,393
925,675
98,760
(48,295)
(11,111)
1,839,573
282,973
(260,136)
117,172
96,988
78,933
493,883
21,560
28,053,248
$
interest rate updated through July, 2015
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
0.0375%
4,225,162
$
38,042
$
4,263,204
0.0375%
14
ATXI 2016 PROJECTED MVP SPEND
Ameren MVPs
Ameren Name
2016 CAPEX
MTEP #s
MTEP Description
2237
2239
3017
3169
3170
Pana - Mt. Zion - Kansas - Sugar Creek 345 kV line
Sidney to Rising 345 kV line
Palmyra-Quincy-Meredosia - Ipava & Meredosia-Pawnee 345 kV Line
Pawnee to Pana - 345 kV Line
New Palmyra Substation (Maywood)
Illinois Rivers
$349.6 million
Spoon River
$29.8 million
3022
Fargo-Galesburg-Oak Grove 345 kV Line
Mark Twain
$15.9 million
2248
3170
Adair - Ottumwa 345
Adair-Palmyra 345 kV Line
15
AMIL PRICING ZONE SCHEDULE 9 CHARGE
Page.Line
1.7
1.7
1.7
1.15
.
.
AIC Adjusted Revenue Requirement
ATXI Adjusted Revenue Requirement
PPI Adjusted Revenue Requirement *
Total Revenue Requirement
Ameren Illinois Divisor
Annual Cost ($/kW-Yr)
Network & P-to-P Rate ($/kW-Mo)
2015
159,478,984
9,851,594
4,421,778
173,752,356
7,095,335
24.488
2.041
Jan-16
208,895,649
8,495,791
7,374,750
224,766,190
7,118,197
31.576
2.631
Change
49,416,665
-1,355,803
2,952,972
51,013,834
22,861
7.088
0.591
Percent
31%
-14%
67%
29%
0%
29%
29%
* PPI currently uses a historical Attachment O which is updated June 1st each year. The amount shown for 2015 is the PPI ATRR effective as
of 6/1/15. Therefore, the 2015 Annual Cost of $24.488 /kw-Yr is the current Schedule 9 rate in effect for the AMIL Pricing Zone. PPI has filed
at FERC to begin using a forward looking Attachment O effective 1/1/16. PPI’s preliminary revenue requirement for 2016 is reflected above
along with the projected 2016 revenue requirements for AIC and ATXI. The total 2016 projected Schedule 9 rate for the AMIL Pricing Zone is
$31.576/kW-Yr.
16
QUESTIONS?
Appendix
Supplemental Background Information
(Not covered during presentation)
18
APPENDIX - MISO ATTACHMENTS O & MM
Calculate rates for Schedules 9, 26 & 26-A
•
•
•
•
•
Attachment GG - Schedule 26
Attachment MM - Schedule 26-A
Attachment O - net revenue requirement billed under Schedule 9
Schedules 26 and 26-A are billed by MISO
Schedule 9 is billed by Ameren
19
APPENDIX - MISO ATTACHMENT MM
• Cost recovery for Multi-Value Projects (MVPs)
• Criteria for being considered
• Developed through planning process and support energy policy
• Multiple types of economic value across multiple pricing zones with
benefit to costs > 1
• Address at least one:
• Projected NERC violation
• Economic-based issue
• Cost shared across MISO based on load
• AMIL Zone is approximately 9%
• Ameren MVPs will primarily be built by ATXI
• AIC will be responsible for modifications needed to its existing facilities
20
APPENDIX - MISO ATTACHMENT O & MM
• All transmission costs included in Attachment O calculation
• Schedule 9 based on net revenue requirement – reductions for:
• Costs recovered in Schedules 26 & 26-A
• Since ATXI has no Attachment GG projects, there is no deduction for 26
• Revenue Credits
• Point-to-Point revenue in Schedules 7 & 8
• Rental revenue
• Revenue from generator interconnections
21
APPENDIX - MISO TRANSMISSION EXPANSION PLAN (MTEP)
• Developed on an annual basis building upon previous analysis
•
•
MISO, Transmission Owners & Stakeholders
Includes subregional planning meetings
• MTEP goals
•
•
•
•
•
•
•
Ensure the reliability of the transmission system
Ensure compliance with NERC Standards
Provide economic benefits, such as increased market efficiency
Facilitate public policy objectives, such as meeting Renewable Portfolio
Standards
Address other issues or goals identified through the stakeholder process
Multiple future scenarios analyzed
End result – comprehensive, cohesive plan for MISO footprint
• MTEP approved by MISO Board of Directors
22
MISO MVPS
• Brief history of development
• Began investigating value added expansion in 2003
• 2008 Regional Generation Outlet Study (RGOS) - formed basis of
Candidate MVP portfolio
• Portfolio refined due to additional analysis
• MISO approved portfolio of 17 Projects
• Seven transmission line segments (MTEP proj numbers) in Ameren territory
• Ameren identifies these three projects as:
• Illinois Rivers (four line segments)
• Spoon River
• Mark Twain (two line segments)
• Broadly cost-shared, AMIL pricing zone allocated 9% of each MVP
no matter where project is located or who builds it
23
APPENDIX - MAP OF AMEREN MVPS
24
APPENDIX - RATE INCENTIVES
• FERC approved the following rate incentives for Illinois Rivers in
Docket No. EL10-80
– CWIP (no AFUDC)
– Abandonment (requires additional filing prior to recovery)
– Hypothetical capital structure during construction for ATXI
• FERC approved similar incentives for Spoon River and Mark Twain
Projects in Docket No. ER12-2216
25
APPENDIX - MISO WEB LINKS
• Transmission Pricing - Attachments O, GG & MM Information
• https://www.misoenergy.org/MarketsOperations/TransmissionSettlement
s/Pages/TransmissionPricing.aspx
• Ameren OASIS
• http://www.oasis.oati.com/AMRN/index.html
• MTEP 15
•
https://www.misoenergy.org/Planning/TransmissionExpansionPlanning/
Pages/MTEP15.aspx
• Schedule 26 & 26-A Indicative Charges
• https://www.misoenergy.org/Planning/TransmissionExpansionPlanning/
Pages/MTEPStudies.aspx
26
APPENDIX - ATXI
• Additional questions on these topics can be sent to Ameren at:
– MISOFormulaRates@ameren.com
27