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2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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Page 1: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

2014 Attachment O True-Up Stakeholder MeetingAmeren Transmission Company of Illinois

July 31, 2015

Page 2: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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AGENDA

Main Purpose is to review ATXI 2014 Transmission Rate True-Up Calculations

• Timeline• ATXI 2014 True Up

An additional meeting will held in October to review the 2016

Projected Transmission Rate calculations.

Page 3: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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PROTOCOL TIMELINE

DateSchedule

(Forward-Looking Protocols)

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

Page 4: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI Revenue Requirement

Projected 2014 vs Actual 2014

Page 5: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 ATTACHMENT O TRUE UP

Ameren Transmission Company of IllinoisAttachment O Revenue Requirement True-Up (WP 4)

For the Year Ended 12/31/2014

Attachment ONet Actual Revenue Requirement (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 (AIC Attachment O, Pg 1, Line 15) $ 7,205,351 Projected Year Divisor for Pricing Zone (AIC 2014 Projected Attachment O, Pg 1, Line 15) 7,045,000 Difference between Historic & Projected Yr Divisor 160,351 Prior Year Projected Annual Cost ($ per kw per yr) $ 1.53 Prior Year Under/(Over) Divisor True-up $ (244,936)

Total Under/(Over) Recovery $ (73,176)

Monthly Interest Rate (to be updated through July 31, 2015) 0.2708%Interest For 24 Months $ (4,756)

Total Under/(Over) Recovery Including Interest $ (77,932) (Amount to be included in Projected 2016 Attachment O)

Page 6: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 RATE BASE

Page.Line 2014 Projection 2014 Actual Change Percent

2.6 Total Gross Plant 72,401,000 72,397,529 -3,471 0%2.12 Total Accum Depreciation 3,701,000 3,737,481 36,481 1%2.18 TOTAL NET PLANT 68,700,000 68,660,048 -39,952 0%

2.18a 100% CWIP RECOVERY 166,179,000 158,255,653 -7,923,347 -5%

ADJUSTMENTS TO RATE BASE 2.20 Account No. 282 -15,292,000 -11,973,024 3,318,976 -22%2.21 Account No. 283 -1,009,000 -2,605,466 -1,596,466 158%2.22 Account No. 190 2,877,000 1,363,222 -1,513,778 -53%2.25 Land Held for Future Use 0 0 0 N/A2.26 CWC 395,500 846,504 451,004 114%2.27 Materials & Supplies 0 0 0 N/A2.28 Prepayments 0 289,825 289,825 N/A

TOTAL ADJUSTMENTS -13,028,500 -12,078,939 949,561 -7%

2.30 TOTAL RATE BASE 221,850,500 214,836,762 -7,013,738 -3%

Page 7: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 EXPENSES

Page.Line 2014 Projection 2014 Actual Change PercentO&M

3.1 Transmission 184,000 293,915 109,915 60%3.1a Less LSE Expenses 0 0 0N/A3.2 Less Account 565 0 0 0N/A3.3 A&G 2,980,000 6,478,117 3,498,117 117%3.4 Less FERC Annual Fees 0 0 0N/A3.5 Less EPRI, ect. 68,720 51,164 -17,556 -26%3.5a Plus Trans. Reg. Comm. Exp 68,720 51,164 -17,556 -26%3.8 TOTAL O&M 3,164,000 6,772,031 3,608,031 114%

3.12 TOTAL DEPRECIATION 1,064,000 1,343,909 279,909 26%

TAXES3.13 Payroll 0 0 0N/A3.16 Property 0 136,093 136,093 N/A3.18 Other 82,000 79,293 -2,707 -3%3.27 Income Taxes 10,819,901 10,424,975 -394,926 -4%

TOTAL TAXES 10,901,901 10,640,361 -261,540 -2%

TOTAL EXPENSES 15,129,901 18,756,301 3,626,401 24%

Page 8: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 CAPITAL STRUCTURE

Capital Structure - 2014 Projection

Page.Line $ % Cost Weighted4.27 Long Term Debt 91,077,000 43% 0.0386 0.01654.28 Preferred Stock 0 0% 0.0000 0.00004.29 Common Stock 121,344,000 57% 0.1238 0.07074.3 Total 212,421,000 100% 0.0873

Capital Structure - 2014 Actual

Page.Line $ % Cost Weighted4.27 Long Term Debt 69,846,154 44% 0.0380 0.01674.28 Preferred Stock 0 0% 0.0000 0.00004.29 Common Stock 88,870,491 56% 0.1238 0.06934.3 Total 158,716,645 100% 0.0860

Change in Return -0.1214%

Page 9: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 TOTAL REVENUE REQUIREMENT

Page.Line 2014 Projection 2014 Actual Change Percent2.30 TOTAL RATE BASE 221,850,500 214,836,762 -7,013,738 -3%4.30 Rate of Return on ACS 8.73% 8.60% -0.12% -1%3.28 Return from ACS 19,359,229 18,486,299 -872,930 -5%

2.30a 100% CWIP RECOVERY 166,179,000 158,255,653 -7,923,347 -5%4.30e Incremental Rate of Return on HCS -0.10% 0.00% 0.10% -101%3.28a Incremental Return from HCS -159,215 926 160,141 -101%

Total Return 19,200,014 18,487,226 -712,788 -4%Total Expenses 15,129,901 18,756,301 3,626,401 24%

3.29 TOTAL GROSS REV. REQ. 34,329,914 37,243,527 2,913,613 8%

3.30 Less ATT. GG Adjustment 0 0 0N/A3.30a Less ATT. MM Adjustment 25,755,419 28,053,247 2,297,829 9%3.31 GROSS REV. REQ. UNDER ATT. O 8,574,496 9,190,280 615,784 7%

Page 10: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 TRUE UP & NET REVENUE REQUIREMENT

* 2012 True-up included in 2014 Projection and Actual.

Page.Line 2014 Projection 2014 Actual Change Percent1.1 Gross Revenue Requirement 8,574,496 9,190,280 615,784 7%1.6 Total Revenue Credits 502,000 946,023 444,023 88%

1.6a Historic Year Actual ATRR * 9,892,717 9,892,717 (0) 0%1.6b Projected ATRR from Prior Year 7,270,263 7,270,263 0 0%1.6c Prior Year ATRR True-Up 2,622,454 2,622,454 (0) 0%1.6d Prior Year Divisor True-Up 30,874 30,874 0 0%1.6e Interest on Prior Year True-Up 35,470 35,470 (0) 0%

1.7 NET REVENUE REQUIREMENT 10,761,294 10,933,054 171,760 2%

Page 11: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 ATTACHMENT MM

ATXI Attachment MM Calculation - Page 1

Line Page, Line, Col. Transmission AllocatorNo.

1 Gross Transmission Plant - Total Attach O, p 2, line 2 + 18a col 5 (Note A) 229,682,093 1a Transmission Accumulated Depreciation Attach O, p 2, line 8 col 5 3,659,671 2 Net Transmission Plant - Total Line 1 minus Line 1a (Note B) 226,022,422

O&M TRANSMISSION EXPENSE3 Total O&M Allocated to Transmission Attach O, p 3, line 8 col 5 6,772,031 3a Transmission O&M Attach O, p 3, line 1 col 5 293,915 3b Less: LSE Expenses included in above, if any Attach O, p 3, line 1a col 5, if any - 3c Less: Account 565 included in above, if any Attach O, p 3, line 2 col 5, if any - 3d Adjusted Transmission O&M Line 3a minus Line 3b minus Line 3c 293,915

4 Annual Allocation Factor for Transmission O&M (Line 3d divided by line 1a, col 3) 8.03% 8.03%

OTHER O&M EXPENSE4a Other O&M Allocated to Transmission Line 3 minus Line 3d 6,478,116 4b Annual Allocation Factor for Other O&M Line 4a divided by Line 1, col 3 2.82% 2.82%

GENERAL AND COMMON (G&C) DEPRECIATION EXPENSE5 Total G&C Depreciation Expense Attach O, p 3, lines 10 & 11, col 5 (Note H) 332,558 6 Annual Allocation Factor for G&C Depreciation Expense (line 5 divided by line 1 col 3) 0.14% 0.14%

TAXES OTHER THAN INCOME TAXES7 Total Other Taxes Attach O, p 3, line 20 col 5 215,386 8 Annual Allocation Factor for Other Taxes (line 7 divided by line 1 col 3) 0.09% 0.09%

9 Annual Allocation Factor for Other Expense Sum of line 4b, 6, and 8 3.06%

INCOME TAXES10 Total Income Taxes Attach O, p 3, line 27 col 5 10,424,975 11 Annual Allocation Factor for Income Taxes (line 10 divided by line 2 col 3) 4.61% 4.61%

RETURN 12 Return on Rate Base (Note I) Attach O, p 3, line 28 col 5 18,486,299 13 Annual Allocation Factor for Return on Rate Base (line 12 divided by line 2 col 3) 8.18% 8.18%

14 Annual Allocation Factor for Return Sum of line 11 and 13 12.79%

HYPOTHETICAL CAPITAL STRUCTURE (HCS) RETURN15 Annual Allocation Factor HCS Return (Note J) Attach O, p 4, line 30e 0.00% 0.00%

Page 12: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 ATTACHMENT MM

ATXI Attachment MM Calculation - Page 2

(1) (2) (3) (4) (5) (6) (7) (8) (9)

Line No.   Project Name

MTEP Project Number

Project Gross Plant

Project Accumulated Depreciation

Transmission O&M Annual Allocation

Factor

Annual Allocation for Transmission O&M Expense

Other Expense Annual

Allocation Factor

Annual Allocation for Other Expense

Annual Expense Charge

        (Note C)   Page 1 line 4 (Col 4 * Col 5) Page 1 line 9 (Col 3 * Col 7) (Col 6 + Col 8)Multi-Value Projects (MVP)    

1a Pana-Sugar Creek - CWIP 2237 $ 36,573,425

$ - 8.03%

$ - 3.06% $1,118,794.66 $1,118,794.66

1b   Pana-Sugar Creek - Plant in Service - No HCS 2237 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1c   Pana-Sugar Creek - Land - No HCS 2237 $ 1,991,065

$ - 8.03%

$ - 3.06% $60,907.42 $60,907.42

1d Sidney-Rising - CWIP 2239 $ 13,598,616

$ - 8.03%

$ - 3.06% $415,986.71 $415,986.71

1e   Sidney-Rising - Plant in Service - No HCS 2239 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1f   Sidney-Rising - Land - No HCS 2239 $ 1,277,725

$ - 8.03%

$ - 3.06% $39,086.10 $39,086.10

1g Adair-Ottumwa - CWIP 2248 $ 130,615

$ - 8.03%

$ - 3.06% $3,995.56 $3,995.56

1h   Adair-Ottumwa - Plant in Service - No HCS 2248 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1i   Adair-Ottumwa - Land - No HCS 2248 $ 358,986

$ - 8.03%

$ - 3.06% $10,981.51 $10,981.51

1j Palmyra-Pawnee - CWIP 3017 $ 85,415,094

$ - 8.03%

$ - 3.06% $2,612,879.43 $2,612,879.43

1k   Palmyra-Pawnee - Plant in Service - No HCS 3017 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1l   Palmyra-Pawnee - Land - No HCS 3017 $ 8,129,151

$ - 8.03%

$ - 3.06% $248,673.76 $248,673.76

1m Fargo-Galesburg-Oak Grove - CWIP 3022 $ 1,868,202

$ - 8.03%

$ - 3.06% $57,149.01 $57,149.01

1n  Fargo-Galesburg-Oak Grove - Plant in Service - No HCS 3022

$ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1o   Fargo-Galesburg-Oak Grove - Land - No HCS 3022 $ 3,392,205

$ - 8.03%

$ - 3.06% $103,768.82 $103,768.82

1p Pawnee-Pana - CWIP 3169 $ 6,650,913

$ - 8.03%

$ - 3.06% $203,453.90 $203,453.90

1q   Pawnee-Pana - Plant in Service - No HCS 3169 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1r   Pawnee-Pana - Land - No HCS 3169 $ 2,813,762

$ - 8.03%

$ - 3.06% $86,074.03 $86,074.03

1s Adair-Palmyra - CWIP 3170 $ 14,018,788

$ - 8.03%

$ - 3.06% $428,839.92 $428,839.92

1t   Adair-Palmyra - Plant in Service - No HCS 3170 $ -

$ - 8.03%

$ - 3.06% $0.00 $0.00

1u   Adair-Palmyra - Land - No HCS 3170 $ 769,450

$ - 8.03%

$ - 3.06% $23,537.75 $23,537.75

Page 13: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 ATTACHMENT MM

ATXI Attachment MM Calculation - Page 2 (continued)

(1) (2) (10) (11) (11a) (12) (13) (14) (15) (16)

Line No.   Project Name

MTEP Project Numbe

r Project Net Plant Annual Allocation Factor for Return

Annual Allocation Factor for HCS

ReturnAnnual Return

Charge

Project Depreciation

ExpenseAnnual Revenue

Requirement True-Up AdjustmentMVP Annual Adjusted Revenue Requirement

        (Col 3 - Col 4) (Page 1 line 14)(Page 1 line 15)

(Note J)(Col 10 * (Col 11 +

11a)) (Note E)(Sum Col. 9, 12 &

13) (Note F)Sum Col. 14 & 15

(Note G)

Multi-Value Projects (MVP)    

1a Pana-Sugar Creek - CWIP 2237 $ 36,573,425 12.79% 0.00% $ 4,678,228

$ - $ 5,797,022 $ 161,958 $ 5,958,980

1b   Pana-Sugar Creek - Plant in Service - No HCS 2237 $ - 12.79% 0.00%

$ -

$ -

$ - $ - $ -

1c   Pana-Sugar Creek - Land - No HCS 2237 $ 1,991,065 12.79% 0.00%

$ 254,684

$ -

$ 315,591

$ - $ 315,591

1d Sidney-Rising - CWIP 2239 $ 13,598,616 12.79% 0.00% $ 1,739,444

$ - $ 2,155,431 $ (200,123) $ 1,955,308

1e   Sidney-Rising - Plant in Service - No HCS 2239 $ - 12.79% 0.00%

$ -

$ -

$ -

$ - $ -

1f   Sidney-Rising - Land - No HCS 2239 $ 1,277,725 12.79% 0.00%

$ 163,438

$ -

$ 202,524 $ - $ 202,524

1g Adair-Ottumwa - CWIP 2248 $ 130,615 12.79% 0.00%

$ 16,707

$ -

$ 20,703

$ - $ 20,703

1h   Adair-Ottumwa - Plant in Service - No HCS 2248 $ - 12.79% 0.00%

$ -

$ -

$ - $ - $ -

1i   Adair-Ottumwa - Land - No HCS 2248 $ 358,986 12.79% 0.00%

$ 45,919

$ -

$ 56,901

$ - $ 56,901

1j Palmyra-Pawnee - CWIP 3017 $ 85,415,094 12.79% 0.00% $ 10,925,727

$ - $ 13,538,606 $ (413,430) $ 13,125,176

1k   Palmyra-Pawnee - Plant in Service - No HCS 3017 $ - 12.79% 0.00%

$ -

$ -

$ -

$ - $ -

1l   Palmyra-Pawnee - Land - No HCS 3017 $ 8,129,151 12.79% 0.00% $ 1,039,827

$ - $ 1,288,500 $ - $ 1,288,500

1m Fargo-Galesburg-Oak Grove - CWIP 3022 $ 1,868,202 12.79% 0.00%

$ 238,968

$ -

$ 296,117

$ 23 $ 296,140

1n   Fargo-Galesburg-Oak Grove - Plant in Service - No HCS 3022 $ - 12.79% 0.00%

$ -

$ -

$ - $ - $ -

1o   Fargo-Galesburg-Oak Grove - Land - No HCS 3022 $ 3,392,205 12.79% 0.00%

$ 433,908

$ -

$ 537,677

$ - $ 537,677

1p Pawnee-Pana - CWIP 3169 $ 6,650,913 12.79% 0.00%

$ 850,740

$ - $ 1,054,194 $ 108,884 $ 1,163,078

1q   Pawnee-Pana - Plant in Service - No HCS 3169 $ - 12.79% 0.00%

$ -

$ -

$ -

$ - $ -

1r   Pawnee-Pana - Land - No HCS 3169 $ 2,813,762 12.79% 0.00%

$ 359,918

$ -

$ 445,992 $ - $ 445,992

1s Adair-Palmyra - CWIP 3170 $ 14,018,788 12.79% 0.00% $ 1,793,189

$ - $ 2,222,029

$ 28,623 $ 2,250,652

1t   Adair-Palmyra - Plant in Service - No HCS 3170 $ - 12.79% 0.00%

$ -

$ -

$ - $ - $ -

1u   Adair-Palmyra - Land - No HCS 3170 $ 769,450 12.79% 0.00%

$ 98,423

$ -

$ 121,961

$ - $ 121,961

2 MVP Total Annual Revenue Requirements $28,053,247 -$314,065 $27,739,182

3 Rev. Req. Adj For Attachment O $28,053,247

Page 14: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 ATTACHMENT MM TRUE-UP

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) Actual Projected Attachment MM Actual True-Up Applicable True-Up MTEP Actual Annual Revenues Annual Adjustment Interest Adjustment Total

Line Project Project Attachment MM Revenue Allocated Revenue Principal Rate on Interest True-UpNo. Name Number Revenues Requirement 1 to Projects 1 Requirement 1 Under/(Over) Under/(Over) Under/(Over) Adjustment

Projected [Col. (d), line 1 Actual Attachment MM x (Col. (e), line 2x / Attachment MM Col. (h) x Col. (i) p 2 of 2, Col. 142 Col. (e), line 3)]2 p 2 of 2, Col. 142 Col. (g) - Col. (f) Line 5 x 24 months 2 Col. (h) + Col. (j)

1Actual Attachment MM revenues for True-Up Year 1 $ 23,828,085

2a Pana-Sugar Creek - CWIP 2237 5,743,325 5,313,539 5,797,022 483,483 0.03% 3,980 487,463

2b Pana-Sugar Creek - Land - No HCS 2237 191,794 177,442 315,591 138,149 0.03% 1,137 139,286

2c Sidney-Rising - CWIP 2239 1,338,153 1,238,016 2,155,431 917,415 0.03% 7,552 924,967

2d Sidney-Rising - Land - No HCS 2239 113,109 104,645 202,524 97,879 0.03% 806 98,685

2e Adair-Ottumwa - CWIP 2248 74,113 68,567 20,703 (47,864) 0.03% (394) (48,258)

2f Adair-Ottumwa - Land - No HCS 2248 73,406 67,913 56,901 (11,012) 0.03% (91) (11,103)

2g Palmyra-Pawnee - CWIP 3017 12,663,053 11,715,449 13,538,606 1,823,157 0.03% 15,008 1,838,165

2h Palmyra-Pawnee - Land - No HCS 3017 1,089,588 1,008,052 1,288,500 280,448 0.03% 2,309 282,757

2i Fargo-Galesburg-Oak Grove - CWIP 3022 598,737 553,932 296,117 (257,815) 0.03% (2,122) (259,937)

2j Fargo-Galesburg-Oak Grove - Land - No HCS 3022 455,648 421,551 537,677 116,126 0.03% 956 117,082

2k Pawnee-Pana - CWIP 3169 1,035,565 958,071 1,054,194 96,123 0.03% 791 96,914

2l Pawnee-Pana - Land - No HCS 3169 397,509 367,763 445,992 78,229 0.03% 644 78,873

2m Adair-Palmyra - CWIP 3170 1,872,691 1,732,553 2,222,029 489,476 0.03% 4,029 493,505

2n Adair-Palmyra - Land - No HCS 3170 108,729 100,593 121,961 21,368 0.03% 176 21,544

3 Subtotal $ 25,755,420

$ 23,828,086

$ 28,053,247

4 Under/(Over) Recovery $ 4,225,161

$ 34,781

$ 4,259,942

5Applicable Interest rate per month (expressed to four decimal places) interest rate to be updated through July 31, 2015 0.0343%

1 Amount excludes True-Up Adjustment, as reported in True-Up Year projected Attachment MM, page 2, column 15.2 Rounded to whole dollars.

Page 15: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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ATXI 2014 MVP SPEND

Ameren MVPsAmeren Name 2014 CAPEX MTEP #s MTEP Description

Illinois Rivers $226.6 million

2237 Pana - Mt. Zion - Kansas - Sugar Creek 345 kV line2239 Sidney to Rising 345 kV line3017 Palmyra-Quincy-Meredosia - Ipava & Meredosia-Pawnee 345 kV Line3169 Pawnee to Pana - 345 kV Line3170 New Palmyra Substation (Maywood)

Spoon River $3.6 million

3022 Fargo-Galesburg-Oak Grove 345 kV Line   

Mark Twain $2.7 million

2248 Adair - Ottumwa 3453170 Adair-Palmyra 345 kV Line

Page 16: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

QUESTIONS?

Page 17: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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Appendix

Supplemental Background Information

(Not covered during presentation)

Page 18: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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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

Page 19: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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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

Page 20: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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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

Page 21: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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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

Page 22: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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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

Page 23: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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APPENDIX - MAP OF AMEREN MVPS

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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

Page 25: 2014 Attachment O True-Up Stakeholder Meeting Ameren Transmission Company of Illinois July 31, 2015

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APPENDIX - MISO WEB LINKS

• Transmission Pricing - Attachments O, GG & MM Information• https

://www.misoenergy.org/MarketsOperations/TransmissionSettlements/Pages/TransmissionPricing.aspx

• Ameren OASIS• http://www.oasis.oati.com/AMRN/index.html

• MTEP 14• https://

www.misoenergy.org/Planning/TransmissionExpansionPlanning/Pages/MTEP14.aspx

• 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

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APPENDIX - ATXI

• Additional questions on these topics can be sent to Ameren at:– [email protected]