This ordinance was passed and approved by the City Council of the City of Torrington on March 7th, 2017. All ordinances are available for viewing Monday through Friday 8 A.M. to 4 P.M. at City Hall located at 436 E 22nd Ave., Torrington WY.
ORDINANCE NO. 1175
AN ORDINANCE CREATING AND ENACTING SECTION 3.04.206. OF THE TORRINGTON MUNICIPAL CODE, 2017 REVISIONS, CREATING A POWER COST ADJUSTMENT RELATING TO ELECTICAL RATES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TORRINGTON, WYOMING:
Section 1: That Section 3.04.206 of the Revised Ordinances of the City of Torrington, Wyoming, 2017 Revisions, be and it is hereby created and enacted to read as follows:
3.04.206: Power Cost Adjustment (PCA): The following is hereby established as a Power Cost Adjustment relating to electrical rates for consumers both within and outside the corporate limits of the City of Torrington:
SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN
Section 2: This ordinance shall be in full force and effect from and after its passage and approval and publication as required by law.
Passed and approved on first reading this 17th day of January, 2017.
Passed and approved on second reading the 7th day of February, 2017.
Passed and approved on third and final reading the 7th day of March, 2017.
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Mike Varney, Mayor
ATTEST:
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City Clerk/Treasurer
POWER COST ADJUSTMENT FACTOR (PCA)
APPLICABILITY:
The Power Cost Adjustment (PCA) applies to all rate schedules for all classes of service authorized by the Wyoming Public Service Commission (Commission), unless specifically exempted by the Commission.
The PCA shall be calculated annually to establish a PCA factor to be included in its Tariffs effective April 1 of each calendar year. The PCA factor will be determined by dividing the total estimated recoverable power cost by the total estimated kWh sales for the 12 months beginning April 1.
The power cost to be recovered through the PCA is the estimated power cost for the period minus the base power cost for the period plus any Balancing Account over- or under-recovered power cost from the prior years’ PCA adjustments.
The City may apply to the WPSC for authorization to change the PCA at other times to respond to wholesale power changes or to correct the over- or under-recovered power cost balance.
CALCULATION OF POWER COST ADJUSTMENT (PCA) FACTOR:
The PCA factor shall be calculated as follows:
____
Where:
PCA = Power Cost Adjustment Factor (expressed in $ per kWh) to be applied to energy sales for the billing period.
A = Total estimated purchased power cost (excluding credits or purchases from all suppliers that are applied directly or directly allocated to particular customers) from all suppliers for the billing period. Fixed charges and other miscellaneous charges and credits that are part of the wholesale power bill will be included in the determination of the purchased power cost.
B = Total estimated purchased power cost (excluding credits or purchases from all suppliers that are applied directly or directly allocated to particular customers) from all suppliers which are included in the City’s base rates. The base power cost is computed as:
B = D x kWhs
D = Base power cost in $ per kWh sold of $0.07025
kWhs = Total estimated energy sales (excluding kWh sales associated with credits or purchases from all suppliers that are applied directly or directly allocated to particular customers for the billing period).
C = Balancing Account amount to be applied to the current annual billing to account for differences in actual purchased electricity costs and actual PCA revenues recovered in previous periods (excluding kWh sales associated with credits or purchases from all suppliers that are applied directly or directly allocated to particular customer).
BALANCING ACCOUNT:
The Balancing Account amount is the over- or under-difference of the PCA recoverable amount for the period calculated on applicable actual power cost and applicable actual kWh sales for the period minus the actual PCA amount for the period. The actual PCA amount for the period is the PCA factor multiplied by the actual kWh sales applicable to the PCA factor. Interest shall accrue on each end of month balance whether the balance is positive or negative with the interest included in the Balancing Account beginning balance for the next month. The true-up period used to accumulate any over- or under recovery of purchased power costs associated with the PCA shall be the previous twelve month period ending in November of each year. The balance of any over- or under-recovery in the true-up period will be amortized over the twelve month period starting in April of the following year. Monthly interest shall be at a rate that is 1/12th of the annual Commission Authorized Interest Rate.
Public Notice No. 6215 published in the Torrington Telegram March 10, 2017.
