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2016 Final PRS
March 15, 2017
Bob Harris
Senior VP & UGP Regional Manager
P-SMBP2016 Final SOR PRS
• 2016 Deficit Payment is $110 M
• Pays off the 2017 unpaid deficit balance
• Balance applied towards 2018 remaining deficit balance
• $113 M unpaid on the Drought after 2016
• 2016 $54 M Required Payments
• Mostly in 2.5% to repay Corps investments
• 2020 is the PRS pinch point
• SOR Study solves at current rate of 28.54 mills/kwh
• Drought debt paid off in 2018
• 2016 Rate Setting Study for CY 2018 rate not finalized yet.
22016 Final SOR PRS
32016 Final SOR PRS
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000Millions
Payments Applied
2016 Pmt
2016 Final SOR Study
Total Accumulated Deficit $843 M
Cumulative DeficitDeficit Repayment
Projected in Current Rate
$113.4 M remaining
unpaid
2016 Deficit Repayment
42016 Final SOR PRS
Missouri River Basin –Mountain Snowpack2016-2017 with comparison plots from 1997*, 2001*, and 2011
March 13, 2017
52016 Final SOR PRS
Chart provided by US Army Corps of Engineers
62016 Final SOR PRS
Missouri River Mainstem SystemAnnual Runoff above Sioux City, IA
0
10
20
30
40
50
60
70
1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010
Million Acre-Feet
U.D.
L.D.
L.Q.
U.Q.
Med.
10%
90%
75%
25%
50%
34.5 MAF
16.1
19.3
30.6
24.6
Historic Drought Periods
2017
Chart provided by US Army Corps of Engineers
72016 Final SOR PRS
Mainstem System Generation
0
2
4
6
8
10
12
14
16
Normal 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
9.3
14.6
10.011.2
9.6
6.17.5 7.6
6.55.6
6.3
4.94.9
6.6
8.7
11.110.4
7.59.6
8.57.6
10.1
Million Megawatt Hours
Forecast
Chart provided by US Army Corps of Engineers
Mar 1, 2017 Forecast Upper Basic: 13.6 Lower Basic: 9.4
102016 Final SOR PRS
Draft Schedule for 2018 Rate Adjustment
Federal Register Notice
Informal Meetings
Public ProcessInformation
Forums
Comment Forums
New Rate in Effect
Federal Register Notice
Final Rate 30 Day Notice
FRN
Dro
ugh
t A
dd
er
Final FRN Rate
Jan 2017 Apr 2017 Jul 2017 Oct 2017 Jan 2018
Save the Date Information Webinar
112016 Final SOR PRS
• Sent out a March 9th letter announcing Webinar• Plan for Public Rate Process• Webinar is April 18, 2017, 1:00 – 3:00 PM MDT• Discuss the Pick-Sloan—ED and LAP Base and Drought Adder true up and the plan
for the up coming public process to adjust the over all Pick-Sloan composite rate• Drought Adder component going to zero and increase to the Base
Component
https://www.wapa.gov/regions/UGP/rates/Pages/2018-firm-rate-adjustment.aspx
• Webinar will be recorded and posted to the website.
122016 Final SOR PRS
Questions
www.wapa.gov
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