Loading...
Resolution No. 10091in 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION -NO. 10,091 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON ADOPTING A NEW TRANSMISSION REVENUE REQUIREMENT FOR 2010 IN ACCORDANCE WITH VERNON'S TRANSMISSION OWNER TARIFF AND PROVIDING FOR TARIFF SHEET CHANGES TO IMPLEMENT THE TRANSMISSION CONTRACT ADJUSTMENT FOR HIGH VOLTAGE TRANSMISSION ENTITLEMENTS WHEREAS, the City of Vernon ("City") is a chartered (municipal corporation of the State of California that owns and loperates a system for the generation, purchase, transmission, Idistribution and sale of electric capacity and energy; and WHEREAS, the City is a Participating Transmission Owner ("PTO") with the California Independent System Operator ("ISO"), and the Federal Energy Regulatory Commission ("FERC") has approved its existing Transmission Owner Tariff ("TO Tariff"); and WHEREAS, the ISO, through charges assessed ISO customers under the ISO Open Access Transmission. Tariff, reimburses the City according to the City's current Transmission Revenue Requirement ("TRR") in return for the City turning over to the ISO the operation and control.of the City's transmission entitlements; and WHEREAS, the City's transmission entitlements include rights under certain contracts (each an "Existing Transmission Contract" or "ETC") including (i) an agreement with the City of Los Angeles Department of Water and Power entitled "Los Angeles -Vernon Adelanto- Victorville-Lugo Firm Transmission Service Agreement" (the "LAWDP ETC"); (ii) an agreement with Southern California Edison Company ("SCE") entitled "Amended and Restated Edison -Vernon Victorville-Lugo Firm Transmission Service Agreement" (the "SCE Victorville-Lugo ETC"); 1 2 3 M 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 MAN 25 26 27 28 and (iii) an agreement with SCE entitled "Amended and Restated Edison - Vernon Mead Firm Transmission Services Agreement" (the "SCE Mead IETC"); and WHEREAS, the City's costs under the LADWP ETC, the SCE Victorville-Lugo ETC, and the SCE Mead ETC have traditionally been based upon a negotiated fixed "path -specific" rate charged by LADWP or SCE, based on the actual costs of the specific transmission lines made available under each ETC, multiplied by the amount of transmission capacity guaranteed to the City under each ETC; and WHEREAS, the City's costs under the LADWP ETC, the SCE Victorville-Lugo ETC, and the SCE Mead ETC are reflected in the City's current TRR; and WHEREAS, on August 1, 2008, SCE filed proposed revisions to its TO Tariff with the Federal Energy Regulatory Commission ("FERC") in FERC Docket Nos. ER08-1343-000 and ER08-1353-000, seeking to amend the pricing structure under the SCE Victorville-Lugo ETC and the SCE Mead ETC to transition the negotiated path -specific rates set forth in those ETCs to a "postage -stamp" rate which reflects the uniform High Voltage Existing Contracts Access Charge ("HVECAC Rate") in SCE's TO Tariff for the actual usage of SCE's transmission lines by customers of the ISO; and WHEREAS, the HVECAC Rate in SCE's TO Tariff is derived from SCE's TRR and, therefore, will change each time SCE amends its TRR; and WHEREAS, on September 30, 2008, FERC accepted, subject to refund and hearing and settlement procedures, SCE's proposed revisions to its TO Tariff to transition the negotiated path -specific rates set forth in the SCE Victorville-Lugo ETC and the SCE Mead ETC to the - 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 = 11uniform HVECAC Rate, and thus the City's costs under those ETCs will 11vary proportionately with any changes in SCE's TRR; and WHEREAS, the City reached a settlement agreement (the "SCE IlSettlement") with SCE to amend the SCE Victorville-Lugo ETC and the IISCE Mead ETC to fully transition the path -specific rates set forth in those ETCs to SCE's HVECAC Rate after a phase -in period that began on August 1, 2009, during which the City's path -specific rates in those ETCs will be gradually stepped -up over the next three years under incrementally increasing fixed rates (the "Phase -In Rates") until the 1path-specific rates are equal to the HVECAC Rate as of January 1, 2013; and WHEREAS, FERC approved the SCE Settlement pursuant to an order issued September 11, 2009 in FERC Docket Nos. ER08-1343-000, ER08-1353-000, ER09-187-000, ER09-187-001, ER09-19-000, and ER09-446- 000 ("SCE Settlement Order"); and WHEREAS, on behalf of the City, the Brattle Group, an experienced utilities consulting firm, developed a tracking mechanism for the City's TRR ("ETC Adjustment Clause"), which will allow the City's TRR to be adjusted annually, effective January 1 of each year, to reflect changes in the City's transmission expenses associated with any changes implemented by SCE in the HVECAC Rate associated with the SCE Victorville-Lugo ETC and the SCE Mead ETC; and WHEREAS, on the basis of the Brattle Group's analysis and evidence from City staff, which was considered during a public meeting of the City Council held on July 13, 2009, the City, on July 15, 2009 ("July 15 FERC Filing"), filed with FERC the proposed (i) revisions to its TO Tariff proposing the City's stated TRRs for each of the years 12010 to 2012, which dollar amounts were also included in the SCE - 3 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 IlSettlement ("TO Tariff Revisions") and (ii) ETC Adjustment Clause 11tracking mechanism; and WHEREAS, the July 15 FERC Filing acknowledged that, to the 11extent that the SCE Settlement was accepted, because the stated Phase - In Rates would be fixed, the ETC Adjustment Clause for the term of the IlPhase-In Rates would be zero; and WHEREAS, FERC approved the City's July 15 FERC Filing, lincluding the TO Tariff Revisions, the City's proposed calculations of the TRR for years 2010 to 2012, and the City's request to utilize an IETC Adjustment Clause, in an order issued September 11, 2009 in FERC (Docket No. EL09-64-000 ("TO Tariff Order"); and WHEREAS, the City is required under the TO Tariff Order to submit annual filings no later than November 1 of each year with FERC reflecting annual modifications to the base TRR of the City; and WHEREAS, because FERC approved the SCE Settlement, and the City's TRR is fixed for calendar year 2010, the ETC Adjustment Clause reflecting the amount required to true -up the TRR between the City and SCE is zero; and WHEREAS, a Notice of Public Hearing was published on or before October 15, 2009, notifying all interested parties that a hearing to consider evidence to establish the City's TRR and ETC Adjustment Clause for 2010 was scheduled for October 26, 2009, at approximately 9:00 a.m., subject to the hearing being continued or adjourned to a stated time and place without further notice of public hearing; and WHEREAS, a Public Hearing was held on October 26, 2009, in which the City Council took evidence from staff and those other persons in attendance who wished to be heard on the City's TRR and ETC - 4 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Adjustment Clause for 2010 under the City's TO Tariff; and WHEREAS, the Light & Power Department has prepared a Staff Report, with exhibits, dated October 21, 2009 ("Staff Report"), which confirms the 2010 TRR, and that the 2010 ETC Adjustment Clause is zero; and WHEREAS, the Light & Power Department has recommended the City adopt the TRR and ETC Adjustment Clause consistent with the July 15 FERC Filing and the TO Tariff Order, to be effective on January 1, 2010; and WHEREAS, the City Council has heard and considered all evidence, written and oral, presented in consideration of the establishment of the City's TRR and ETC Adjustment Clause for 2010. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby further finds and determines that all persons have had the opportunity to be heard or to file written comments to the proposed adoption of the City's TRR and ETC Adjustment Clause for 2010, and after due consideration of any and all evidence submitted at the Public Hearing, determines there are compelling reasons to justify the adoption of the City's TRR and ETC Adjustment Clause for 2010 and amended Appendix I to the TO Tariff, to be effective January 1, 2010. SECTION 3: The City Council of the City of Vernon hereby declares that: (a) any determination made pursuant to this Resolution - 5 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 regarding the validity or reasonableness of any portion of any TRR or TO Tariff shall apply only prospectively from the date of this Resolution; and (b) in no way shall this Resolution affect the City Council's adoption or determination of any previous TRR or TO Tariff. SECTION 4: The City Council of the City of Vernon hereby approves, pursuant to the TO Tariff and to be effective on January 1, 2010, the establishment of the City's new TRR and ETC Adjustment Clause for 2010 and Appendix I to the TO Tariff, as described in the Staff Report, a copy of which is attached hereto as Exhibit A and incorporated by reference. SECTION 5: The City Council of the City of Vernon hereby authorizes outside counsel to submit the City's TRR and ETC Adjustment Clause for 2010, the amended Appendix I to the TO Tariff, and this City Council Resolution approving the TRR and ETC Adjustment Clause, to FERC on behalf of the City of Vernon. SECTION 6: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the Book of Resolutions of the Council of this City. APPROVED AND ADOPTED this 26th day of October, 2009. ATTEST: MANUELA GIRO , -ty Clerk Name: Hilario Gonzales Title: Mayor /-emu � me - - 6 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 10,091, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Monday, October 26, 2009, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this ZzAt day of October, 2009, at Vernon, California. (SEAL) c MANUELA GIRON, City Clerk - 7 - EXHIBIT A TRR ETC ADJUSTMENT CITY OF VERNON LIGHT AND POWER DEPARTMENT STAFF REPORT REGARDING THE ESTABLISHMENT OF A NEW TRANSMISSION REVENUE REQUIREMENT ASSOCIATED WITH VERNON'S HIGH VOLTAGE ENTITLEMENTS October 21, 2009 The City of Vernon ("Vernon" or "City") is a Scheduling Coordinator and a Participating Transmission Owner ("PTO") in the California Independent System Operator ("ISO"). To participate in the ISO, PTOs are required to turn over administrative control of their transmission facilities and entitlements to the ISO. In return, the ISO collects revenues for each PTO pursuant to calculations that reflect the expenses and .capital costs incurred by each PTO to provide transmission services. These calculations are known as Transmission Revenue Requirements ("TRRs"). The relationship between PTOs and the ISO is governed by a Transmission Control Agreement ("TCA"), which sets forth specific duties and obligations of all PTOs. The TCA requires all PTOs to file a Transmission Owner Tariff ("TO Tariff') and TRR with the Federal Energy Regulatory Commission ("FERC"). The TCA further requires all PTOs to file any changes in their TRRs with the FERC. At present, the City's high voltage transmission assets consist of three long-term contracts (known as "existing transmission contracts" or "ETCs") which provide the City with dedicated access to high voltage transmission facilities owned by other entities. Specifically, the City has contractual entitlements to utilize transmission assets pursuant to one long-term transmission contract with the Los Angeles Department of Water and Power ("LADWP"), and two long-term transmission contracts with Southern California Edison ("SCE"). The ETCs with SCE consist of one (the "SCE Victorville-Lugo ETC" described in SCE's FERC Rate Schedule 360) providing 11 MW of transmission capacity along the path between the Victorville-Lugo midpoint and the point of interconnection with the City's internal transmission system (the "City Gate"), and one (the "SCE Mead ETC" described in SCE's FERC Rate Schedule 207) providing 26 MW of transmission capacity along the path between the Mead 230 substation and the City Gate. The costs of these ETCs make up the majority of the costs recovered through the City's TRR. Until recently, for each of the ETCs, the City paid the owner of the transmission Staff Report TRR 2010 Page 2 of 3 facilities a fixed rate which was specific to the transmission path provided under each ETC. On August 1, 2008, SCE proposed to increase its TRR and associated rates in FERC Docket No. ER08-1343-000. In a related filing submitted in FERC Docket No. ER08- 1353-000, SCE proposed to transition both of its ETCs with Vernon from their current, fixed "path -specific" rates to a so-called "postage stamp" rate methodology which reflects the blended rate which SCE charges the ISO pursuant to its own TRRs for the actual usage of all of SCE's transmission facilities by customers of the ISO (the "HVECAC Rate"). The HVECAC Rate that SCE proposed in its TO Tariff is derived from SCE's TRR and, therefore, will change each time SCE amends its TRR. On September 30, 2008, FERC accepted, subject to refund and hearing and settlement procedures, SCE's proposed revisions to its TO Tariff to transition the negotiated path -specific rates set forth in the SCE Victorville-Lugo ETC and the SCE Mead ETC to the uniform HVECAC Rate, and thus the City's costs under those ETCs will vary proportionately with any changes in SCE's TRR. The City reached a settlement agreement (the "SCE Settlement") with SCE to amend the SCE Victorville-Lugo ETC and the SCE Mead ETC to fully transition the path -specific rates set forth in those ETCs to SCE's HVECAC Rate after a phase -in period that began on August 1, 2009, during which the City's path -specific rates in those ETCs will be gradually stepped -up over the next three years under incrementally increasing fixed rates (the "Phase - In Rates") until the path -specific rates are equal to the HVECAC Rate as of January 1, 2013. FERC approved the SCE Settlement pursuant to an order issued September 11, 2009, in FERC Docket Nos. ER08-1343-000, ER08-1353-000, ER09-187-000, ER09-187-001, ER09-19-000, and ER09-446-000 ("SCE Settlement Order"). On behalf of the City, the Brattle Group, an experienced utilities consulting firm, developed a tracking mechanism for the City's TRR ("ETC Adjustment Clause"), which will allow the City's TRR to be adjusted annually, effective January 1 of each year, to reflect changes in the City's transmission expenses associated with any changes implemented by SCE in the HVECAC Rate associated with the SCE Victorville-Lugo ETC and the SCE Mead ETC. Staff Report TRR 2010 Page 3 of 3 On the basis of the Brattle Group's analysis and evidence from City staff, which was considered during a public meeting of the City Council held on July 13, 2009, the City, on July 15, 2009 ("July 15 FERC Filing"), filed with FERC the proposed (i) revisions to its TO Tariff proposing the City's stated TRRs for each of the years 2010 to 2012, which dollar amounts were also included in the SCE Settlement ("TO Tariff Revisions") and (ii) the ETC Adjustment Clause tracking mechanism. The July 15 FERC Filing acknowledged that, to the extent that the SCE Settlement was accepted, because the stated Phase -In Rates would be fixed, the ETC Adjustment Clause for the term of the Phase -In Rates would be zero. FERC approved the City's July 15 FERC Filing, including the TO Tariff Revisions, the City's proposed calculations of the TRR for years 2010 to 2012, and the City's request to utilize an ETC Adjustment Clause, in an order issued September 11, 2009 in FERC Docket No. EL09-64-000 ("TO Tariff Order"). Specifically, for 2010, FERC approved a TRR of $1,218,960. The City is required under the TO Tariff Order to submit annual filings no later than November 1 of each year with FERC reflecting annual modifications to the base TRR of the City. Because FERC approved the SCE Settlement, and the City's TRR is fixed for calendar year 2010, the ETC Adjustment Clause reflecting the amount required to true -up the TRR between the City and SCE is zero. RECOMMENDATIONS 1. Approve the establishment of the City's new TRR for 2010 and Appendix Ito the TO Tariff. 2. Authorize outside counsel to submit the City's TRR and ETC Adjustment Clause for 2010, the amended Appendix I to the TO Tariff, and this City Council Resolution I pproving the TRR and ETC Adjustment Clause, to FERC on behalf of the City of Vernon. Appendix I to Vernon's Transmission Owner Tariff (Redlined) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRBAA The Vernon Base Transmission Revenue Requirement is $1,218,960 and is comprised of the following components: Base TRR costs not subject to ETC Adjustment Clause: $498,480 ETC Adjustment Clause: Forecast SCE ETC Costs: $720,480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January i of each year. The TRBAA is a positive $9 47,60SALLW for calendar year 2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 1,288,684 MWh. All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defined by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 Issued on: Geteber Invemher zo_ 2009 Resolution Effective: January 1, 2010 sdhtte_Tweltb Revised Sheet No. 22 Superseding Eleventh Revised Sheet No. 22 Appendix I to Vernon's Transmission Owner Tariff (Clean) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRHAA The Vernon Base Transtission Revenue Requirement is $1,218,960 and is comprised of the following components: Base TRR costs not subject to ETC Adjustment Clause:. $498,480 ETC Adjustment Clause: Forecast SCE ETC Costs: $720,480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January 1 of each year. The TRBAA is a positive $411,764, for calendar year 2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 1,288,684 MWh. All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defied by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 ]slued on: November 20, 2009 Resolution No. Effective: January 1, 2010 Substitute Twelth Revised Sheet No. 22 Superseding Eleventh Revised Sheet No. 22 CITY CLERK'S OFFICE INTEROFFICE MEMORANDUM DATE: October 27, 2009 TO: Donal O'Callaghan, Director of Light & Power FROM,: Nelly Giron, City Clerk RE: Resolution No. 10,091 - A Resolution of the City Council of the City of Vernon Adopting a New Transmission Revenue Requirement for 2Q10 in Accordance With Vernon's Transmission Owner Tariff and Providing for Tariff Sheet Changes to Implement the Transmission Contract Adjustment for High Voltage Transmission Entitlements Transmitted herewith is a copy of Resolution No. 10,091 referenced above, which was approved by City Council on October 26, 2009. Thank you. NG : dj c: Resolution No. 10,091 CERTIFICATE STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES) I, Manuela Giron, City Clerk of the City of Vernon, County of Los Angeles, State of California, hereby certify that the attached is a full and complete copy of: RESOLUTION NO. 10,091 - A Resolution of the City Council of the City of Vernon Adopting a New Transmission Revenue Requirement for 2010 in Accordance With Vernon's Transmission Owner Tariff and Providing for Tariff Sheet Changes to Implement the Transmission Contract Adjustment for High Voltage Transmission Entitlements IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of Vernon, County of Los Angeles, State of California, on this A day of October 2009. SEAL: anuela Giro _.. City Clerk L_ Since 1 �� This space is for the County Clerk's Filing Stamp The Only All Hispanic Owned Chain of Bilingual Newspapers 111 S. Avenue 59, Los Angeles, CA 90042-4211 Ph 323.341-7970 • Fax 323.341-7976 • www.egpnews.com PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA, COUNTY OF LOS ANGELES I am a citizen of the United States and a resident of the County aforementioned; I am over the age of eighteen years, and not a party to or interested in the above -entitled matter. I am the principal clerk of the printer of EASTERN GROUP PUBLICATIONS' EASTSIDE SUN, MEXICAN AMERICAN SUN NORTHEAST SUN, BELL GARDENS SUN VERNON SUN, COMMERCE COMET CITYTERRACE COMET, MONTEBELLO COMET MONTEREY PARK COMET, E.L.A. BROOKLYN BELVEDERE COMET AND WYVERNWOOD CHRONICLE, newspapers of general circulation, printed and published THURSDAYS in the County of Los Angeles, and which newspaper has been adjudicated a newspaper of general circulation by the Superior Court of the County of Los Angeles, State .of California, under the date of JUNE21, 1966, CASE NUMBER 884861; that the notice, of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: OCTOBER 15, all in the year 2009. I certify (or declare) under penalty of perjury that the foregoing is true and correct. Dated at LOS ANGELES, California, this 15'h day of OCTOBER, 2009. CITY OF VERNON Proof of Publication of Notice of Public Hearing: Monday, October 26, 2009 ... Vernon's new Transmission Revenue Balancing Account Adjustment ignature NOTICE OF PUBLIC HEARING The City of Vernon will conduct a Public Hearing which you may attend. PLACE: Vernon City Hall City Council Chambers 4305 Santa Fe Avenue Vernon, CA 90058 DATE & TIME: Monday, October 26, 2009, at 9:00 a.m., or as soon thereafter as the matter can be heard. PURPOSE: To consider evidence to establish Vernon's new Transmission Revenue Balancing Account Adjustment for its high voltage (over 200 kV) Transmission entitlements (all located outside the City) pursuant to Vernon's Transmission Owner Tariff; and to consider evidence to establish Vernon's new Existing Transmission Contract Adjustment for its high voltage (over 200 kV) Transmission entitlements (all located outside the City) pursuant to Vernon's Transmission Owner Tariff. Any interested person may attend and make an oral presentation to the City Council at the time of the hearing, or may present written comments prior to the hearing. If you challenge the approval of the establishment of Vernon's new Transmission Revenue Balancing Account Adjustment or any provision thereof in court, or if you challenge the approval of the establishment of Vernon's new Existing Transmission Contract Adjustment or any provision thereof in court, you may be limited to raising only those issues you or someone else raised at the hearing described in this notice or in written correspondence delivered to the City of Vernon at, or prior to, the meeting. Information may be obtained by contacting the office of the City Clerk at the above address. The hearing may be continued, adjourned or cancelled and rescheduled to a stated time and place without further notice. Dated: October 13, 2009 s/ Manuela Giron, City Clerk last Cq /6jW ��•1 E 4 Fl�h'I�O� - ,,1 APPROVED OCT 2 6 '09 G[rY COUNCIL RECEIVED j a. nC��vkcY, iivy`1 . O C T 2 2 2009 K'SOFFB STAFF REREPORTCIiYCIER OFFICE LIGHT & POWER DATE: October 22, 2009 � TO: Honorable Mayor and City Council FROM: Donal O'Callaghan, Director of Light & Power RE: Transmission Revenue Requirement for 2010 Purpose: Detailed Staff Report is enclosed. Recommendation: 1. Approve the establishment of the City's new TRR for 2010 and Appendix Ito the TO Tariff. 2. Authorize outside counsel to submit the City's TRR and ETC Adjustment Clause for 2010, the amended Appendix I to the TO Tariff, and this City Council Resolution approving the TRR and ETC Adjustment Clause, to FERC on behalf of the City of Vernon. Staff would like this matter to be addressed on the October 26th, 2009 City Council meeting. Fiscal Impact: There is no known fiscal impact. DO:AA:eo Attachments I� OCT 2 2 Z009 og r INTEROFFICE MEMORANDUM 'Light & Power Department DATE: October 22, 2009 TO: Donal O'Callaghan Director of Light & Power FROM: Abraham Alemu A-, A - Electric Resources Planning & Development Manager SUBJECT: Transmission Revenue Requirement for 2010 Attached for your review and approval is the complete package for the Council's consideration on October 26th, 2009 of the Transmission Revenue Requirement for calendar year 2010. Specifically, attached are the following documents: • City of Vernon Resolution • Staff Report on the Transmission Revenue Requirement for 2010 Appendix I to the TO Tariff (Redlined) • Appendix I to the TO Tariff (Clean Version) c: Abraham Alemu Document Control OCT 2 2 2009 I U By... l'-.3-3 CITY OF VERNON LIGHT AND POWER DEPARTMENT STAFF REPORT REGARDING THE ESTABLISHMENT OF A NEW TRANSMISSION REVENUE REQUIREMENT ASSOCIATED WITH VERNON'S HIGH VOLTAGE ENTITLEMENTS October 21, 2009 The City of Vernon ("Vernon" or "City") is a Scheduling Coordinator and a Participating Transmission Owner ("PTO") in the California Independent System Operator ("ISO"). To participate in the ISO, PTOs are required to turn over administrative control of their transmission facilities and entitlements to the ISO. In return, the ISO collects revenues for each PTO pursuant to calculations that reflect the expenses and capital costs incurred by each PTO to provide transmission services. These calculations are known as Transmission Revenue Requirements ("TRRs"). The relationship between PTOs and the ISO is governed by a Transmission Control Agreement ("TCA"), which sets forth specific duties and obligations of all PTOs. The TCA requires all PTOs to file a Transmission Owner Tariff ("TO Tariff') and TRR with the Federal Energy Regulatory Commission ("FERC"). The TCA further requires all PTOs to file any changes in their TRRs with the FERC. At present, the City's high voltage transmission assets consist of three long-term contracts (known as "existing transmission contracts" or "ETCs") which provide the City with dedicated access to high voltage transmission facilities owned by other entities. Specifically, the City has contractual entitlements to utilize transmission assets pursuant to one long-term transmission contract with the Los Angeles Department of Water and Power ("LADWP"), and two long-term transmission contracts with Southern California Edison ("SCE"). The ETCs with SCE consist of one (the "SCE Victorville-Lugo ETC" described in SCE's FERC Rate Schedule 360) providing 11 MW of transmission capacity along the path between the Victorville-Lugo midpoint and the point of interconnection with the City's internal transmission system (the "City Gate"), and one (the "SCE Mead ETC" described in SCE's FERC Rate Schedule 207) providing 26 MW of transmission capacity along the path between the Mead 230 substation and the City Gate. The costs of these ETCs make up the majority of the costs recovered through the City's TRR. Until recently, for each of the ETCs, the City paid the owner of the transmission - - - -- -- - - - Staff Report TRR 2010 Page 2 of 3 facilities a fixed rate which was specific to the transmission path provided under each ETC. On August 1, 2008, SCE proposed to increase its TRR and associated rates in FERC Docket No. ER08-1343-000. In a related filing submitted in FERC Docket No. ER08- 1353-000, SCE proposed to transition both of its ETCs with Vernon from their current, fixed "path -specific" rates to a so-called "postage stamp" rate methodology which reflects the blended rate which SCE charges the ISO pursuant to its own TRRs for the actual usage of all of SCE's transmission facilities by customers of the ISO (the "HVECAC Rate"). The HVECAC Rate that SCE proposed in its TO Tariff is derived from SCE's TRR and, therefore, will change each time SCE amends its TRR. On September 30, 2008, FERC accepted, subject to refund and hearing and settlement procedures, SCE's proposed revisions to its TO Tariff to transition the negotiated path -specific rates set forth in the SCE Victorville-Lugo ETC and the SCE Mead ETC to the uniform HVECAC Rate, and thus the City's costs under those ETCs will vary proportionately with any changes in SCE's TRR. The City reached a settlement agreement (the "SCE Settlement") with SCE to amend the SCE Victorville-Lugo ETC and the SCE Mead ETC to fully transition the path -specific rates set forth in those ETCs to SCE's HVECAC Rate after a phase -in period that began on August 1, 2009, during which the City's path -specific rates in those ETCs will be gradually stepped -up over the next three years under incrementally increasing fixed rates (the "Phase - In Rates") until the path -specific rates are equal to the HVECAC Rate as of January 1, 2013. FERC approved the SCE Settlement pursuant to an order issued September 11, 2009, in FERC Docket Nos. ER08-1343-000, ER08-1353-000, ER09-187-000, ER09-187-001, ER09-19-000, and ER09-446-000 ("SCE Settlement Order"). On behalf of the City, the Brattle Group, an experienced utilities consulting firm, developed a tracking mechanism for the City's TRR ("ETC Adjustment Clause"), which will allow the City's TRR to be adjusted annually, effective January 1 of each year, to reflect changes in the City's transmission expenses associated with any changes implemented by SCE in the HVECAC Rate associated with the SCE Victorville-Lugo ETC and the SCE Mead ETC. - - --- - - Staff Report - - - --- TRR 2010 Page 3 of 3 On the basis of the Brattle Group's analysis and evidence from City staff, which was considered during a public meeting of the City Council held on July 13, 2009, the City, on July 15, 2009 ("July 15 FERC Filing"), filed with FERC the proposed (i) revisions to its TO Tariff proposing the City's stated TRRs for each of the years 2010 to 2012, which dollar amounts were also included in the SCE Settlement ("TO Tariff Revisions") and (ii) the ETC Adjustment Clause tracking mechanism. The July 15 FERC Filing acknowledged that, to the extent that the SCE Settlement was accepted, because the stated Phase -In Rates would be fixed, the ETC Adjustment Clause for the term of the Phase -in Rates would be zero. FERC approved the City's July 15 FERC Filing, including the TO Tariff Revisions, the City's proposed calculations of the TRR for years 2010 to 2012, and the City's request to utilize an ETC Adjustment Clause, in an order issued September 11, 2009 in FERC Docket No. EL09-64-000 ("TO Tariff Order"). Specifically, for 2010, FERC approved a TRR of $1,218,960. The City is required under the TO Tariff Order to submit annual filings no later than November 1 of each year with FERC reflecting annual modifications to the base TRR of the City. Because FERC approved the SCE Settlement, and the City's TRR is fixed for calendar year 2010, the ETC Adjustment Clause reflecting the amount required to true -up the TRR between the City and SCE is zero. RECOMMENDATIONS 1. Approve the establishment of the City's new TRR for 2010 and Appendix Ito the TO Tariff. 2. Authorize outside counsel to submit the City's TRR and ETC Adjustment Clause for 2010, the amended Appendix I to the TO Tariff, and this City Council Resolution approving the TRR and ETC Adjustment Clause, to FERC on behalf of the City of Vernon. TRR.ETC ADJUSTMENT EXHIBIT A Appendix I to Vernon's Transmission Owner Tariff (Redlined) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRBAA The Vernon Base Transmission Revenue Requirement is $9443481 218 2zQ and is comprised of the following components Base TRR costs not subject to ETC Adjustment Clause: $497,985498 4 ETC Adjustment Clause: Forecast SCE ETC Costs: $446,443 Z 480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January 1 of each year. The TRBAA is a positive $296,85847.605 for calendar year 208 .2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 2�;,-50-21. g MWh All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defined by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 Issued on: T 45, 13 October 30. 2009 Resolution No. Effective: Augus 1, 2010 91-eveMliT -elth Revised Sheet No. 22 Superseding 4-ent4FJevkuth Revised Sheet No. 22 Appendix I to Vernon's Transmission Owner Tariff (Clean) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRBAA The Vernon Base Transmission Revenue Requirement is $1,218,960 and is comprised of the following components: Base TRR costs not subject to ETC Adjustment Clause: $498,480 ETC Adjustment Clause: Forecast SCE ETC Costs: $720,480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January 1 of each year. The TRBAA is a positive $847,605 for calendar year 2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 1,288,684 MWh. All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defined by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 Issued on: October 30, 2009 Resolution No. Effective: January 1, 2010 Twelth Revised Sheet No. 22 Superseding Eleventh Revised Sheet No. 22 RESOLUTION NO. 2010-13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE REVISION OF EXHIBITS 1 AND 2 TO THE CITY OF VERNON LIGHT & POWER STAFF REPORT REGARDING ESTABLISHMENT OF A NEW TRANSMISSION REVENUE BALANCING ACCOUNT ADJUSTMENT (TRBAA) FOR 2010 AND THE REVISION OF TRANSMISSION OWNER TARIFF SHEET APPENDIX I, "TRANSMISSION REVENUE REQUIREMENT AND TRBAA," SUBMITTED TO THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) IN SUPPORT OF VERNON'S TRANSMISSION REVENUE REQUIREMENT FOR 2010 AND VERNON'S TRANSMISSION REVENUE BALANCING ACCOUNT ADJUSTMENT FOR 2010 AND APPROVING THE RELATED REVISED FERC FILING WHEREAS, the City of Vernon (the "City") is a chartered municipal corporation of the State of California that owns and operates a system for the generation, purchase, transmission, distribution and sale of electric capacity and energy; and WHEREAS, the City is a Participating Transmission Owner ("PTO") with the California Independent System Operator ("ISO"), and the Federal Energy Regulatory Commission ("FERC") has approved its existing Transmission Owner Tariff ("TO Tariff"); and WHEREAS, the ISO, through charges assessed ISO customers under the ISO Open Access Transmission Tariff, reimburses the City according to the City's current Transmission Revenue Requirement ("TRR") in return for the City turning over to the ISO the operation and control.of the City's transmission entitlements; and WHEREAS, the TO Tariff provides for periodic recalculation of the Transmission Revenue Balancing Account Adjustment ("TRBAA"), which is a ratemaking mechanism designed to ensure that all Transmission Revenue Credits flow through to ISO customers; and WHEREAS, pursuant to Resolution No. 10,091, approved and adopted on October 26, 2009, the City Council approved the City's Transmission Revenue Requirement for 2010 ("TRR"), the Existing Transmission Contract Adjustment Clause for 2010 ("ETC Adjustment Clause") and amended Appendix I "Transmission Revenue Requirement and TRBAA" to the City's TO Tariff ("Appendix I"); and WHEREAS, pursuant to Resolution No. 10,092, approved and adopted on October 26, 2009, the City Council approved the City's 2010 TRBAA and certain related amendments to Appendix I necessary to implement the 2010 TRBAA, as described in the Staff Report attached and incorporated into Resolution No. 10,092 as Exhibit A (the "Staff Report"); and WHEREAS, the TRR and TRBAA for calendar year 2010 was filed with FERC on October 30, 2009; and WHEREAS, the Light & Power Department discovered an inadvertent error in one component of the calculation of the TRBAA that appeared in Appendix I as approved by both Resolution No. 10,091 and Resolution No. 10,092, and in Exhibits 1 and 2 to the Staff Report, which affected both the TRBAA FERC filing and the TRR FERC filing; and WHEREAS, the miscalculation was the number $23,904.25 that appeared on line 10 of Exhibit 2 to the Staff Report as a positive number rather than a negative one, the correction of which resulted in a downward reduction of the City's TRBAA for calendar year 2010 from a positive $847,605 to a positive $411,764; and WHEREAS, to correct the miscalculation, Exhibits 1 and 2 of the Staff Report as well as Appendix I (clean and revised) must be revised and the Light & Power Department recommends that the those revisions be made; and - 2 - WHEREAS, outside counsel has submitted to the FERC revised TRR and TRBAA filing on November 20, 2009, a copy of said revised filing is attached hereto as Exhibit A and incorporated herein by reference ("Revised FERC Filing"); and WHEREAS, by order dated January 8, 2010, the FERC accepted the City's Revised FERC Filing for calendar year 2010, with the City's TRBAA for 2010 reduced from $847,605 to $411,764; and WHEREAS, the Light & Power Department recommends that the Revised FERC Filing, including Appendix I implementing the new TRBAA, be approved and authorized. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct SECTION 2: The City Council of the City of Vernon hereby finds that the Revised FERC Filing, including all attachments, were appropriate and necessary for the proper filing of the City's 2010 TRR and TRBAA with the FERC, and approves and ratifies the Revised FERC Filing and all attachments thereto. SECTION 3: The City Council of the City of Vernon hereby approves and authorizes (i) the replacement of the original Appendix I attached to Resolution No. 10,091, with the revised Appendix I attached hereto, and (ii) the replacement of the original Exhibits 1 and 2 to the Staff Report and the original Appendix I attached to Resolution No. 10,092, with the revised Exhibits 1 and 2 to the Staff Report and revised Appendix I attached hereto. - 3 - SECTION 4: The City Council of the City of Vernon hereby authorizes the City Administrator, or his designee, to take whatever action is deemed necessary or desirable for the purpose of implementing and carrying out the purposes of this Resolution and the filings herein approved or authorized, including, without limitation, authorizing outside counsel to submit to the FERC on behalf of the City any additional documents necessary to complete the filing of the City's 2010 TRR and TRBAA and/or the revised Appendix I. SECTION 5: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 25th day of January, 2010. ATTEST: ANUELA GIRON, City Clerk Name: Hilario Gonzales Title: Mayor / :`Ma� - 4 - STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2010-13, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Monday, January 25, 2010, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this 24 day of January, 2010, at Vernon, California. (SEAL) MANUELA GIRO ,- C'ty Clerk - 5 - EXHIBIT A ORIGINAL LATHAM&WATKINSLLP 555 Eleventh Street, N.W., Suite 1000 Washington, D.C. 20004-1304 Tel: +1.202.637.2200 Fax: +1.202.537.2201 SECRZ7FlEEp Y www.lw.com /�,TIDE FIRM/AFFILIATE OFFICES �+Vt�II ilSI Qj! Abu Dhabi Munich Baroel— New I � t fl7 NOV z Q t -� A t� I' 3 '1 Brussels New York Chicago Orange County November 20, 2009 ��F 0ER1,LEl.,E��uY Doha Pads Ap0,, Y Coll -1 !1C ��l�;'j Dubai Frankfurt Rome San Diego VIA HAND DELIVERY Hamburg San Francisco Hong Kong Shanghai Honorable Kimberly D. Bose London Silicon valley Secretary Los Angeles Singapore Federal Energy Regulatory Commission Madrid Tokyo Milan Washington, D.C. 888 First Street NE Moscow Washington, DC 20426 Re: City of Vernon, California; Docket No. ELIO-10-ON DO I Correction to Filing Regarding Transmission Revenue Balancing Account Adjustment Dear Ms. Bose: On October 30, 2009, the City of Vernon, California ("Vernon") filed with the Federal Energy Regulatory Commission ("Commission") (i) the annual revision to its Transmission Revenue Balancing Account Adjustment ("TRBAA") and (ii) the Transmission Revenue Requirement ("TRR") to be effective in calendar year 2010 (the "October 30 Filing").' It has come to Vernon's attention that there was an inadvertent error in one component of the calculation of the TRBAA portion of this filing. The effect of correcting this error is a downward reduction in Vernon's TRBAA for 2010 from $847,605 to $411,764. This submittal corrects the error and provides substitute Appendix I sheets to Vernon's Transmission Owner Tariff ("TO Tariff) reflecting the revised TRBAA number. Vernon respectfully reauests expedited treatment of this submittal so that an order may issue prior to January 1. 2010 accepting the corrected TRBAA, effective January 1. 2010.2 The October 30 Filing was made consistent with the Commission's directive in Ordering Paragraph (C) of the Commission's September 11, 2009 Order in Docket No. EL09-64-000, See City of Vernon, Cal., 128 FERC 161,235 (2009). As noted in the October 30 Filing, while Vernon pledges its continued cooperation in matters relating to its status as a PTO, Vernon respectfully states that it does not by this filing consent to any Commission jurisdiction or authority other than that provided in the Commission's existing orders in Docket Nos. EL00-105 and EL08-54. See, e.g., City of Vernon, Cal., 124 FERC ¶ 6I,005 at P 14 (noting that the Commission "lacks jurisdiction over Vernon's transmission rates under FPA Section 205," but may nonetheless "review Vernon's TRR because it is a component of the jurisdictional CAISO [Transmission Access Charge]"). November 20, 2009 Pape 2 LATHAMaWATKINSLLP I. CORRECTION TO TRBAA CALCULATION As explained in the October 30 Filing, under the CAISO Tariff, changes in the TRBAAs of Participating Transmission Owners are intended to become effective as of January 1 of each year.3 Vernon's revised TRBAA is based upon the recorded balance in Vernon's TRBAA as of September 30, 2009 and a forecast of the Transmission Revenue Credits expected to be received in 2010.4 Attachment 4 to the October 30 Filing included the exhibits to the TRBAA Staff Report, which provided the supporting workpaper data used to calculate the TRBAA. Exhibit 2 to the TRBAA Staff Report is a workpaper titled "City of Vernon Transmission Revenue Balancing Account for Calendar Year 2010 TRBAA." The error that is the subject of this filing appeared in the entries for line 10, "Authorized Revenue / TRBAA Credits," for months January 2009 through September 2009. In sum, the number $23,904.25 that appears in line 10 for each of those months should have appeared as a negative number, rather than the positive number reflected in the workpaper submitted on October 30. This error is corrected in revised Exhibit 2, which is provided in this filing as Attachment 4. The effect of correcting line 10 to Exhibit 2 is to change the ending balance of Vernon's TRBAA account to $415,048.21 (see line 29 of Exhibit 2), instead of $850,889.13, as originally reflected on Exhibit 2 in the October 30 Filing. When the TRBAA balance is adjusted for forecasted transmission revenue credits, the net TRBAA for 2010 is $411,764. This corrected amount is reflected on Exhibit 1, attached hereto as Attachment 3. II. REQUEST FOR EXPEDITED TREATMENT AND JANUARY 1, 2010 EFFECTIVE DATE As explained in the October 30 Filing, annual adjustments to the TRBAA are to be filed to become effective on January 1. Vernon respectfully requests expedited treatment of this submittal so that an order may issue confirming acceptance of the revised TRBAA prior to January 1, 2010. Vernon further requests any waivers of the Commission's regulations needed in order to maintain January 1, 2010 as the effective date of revised Appendix 1. Further, if and to the extent the Commission determines that a notice of this filing and additional comment period is required, Vernon requests that the Commission provide for a shortened comment period to accommodate issuing an order prior to January 1. ¶ 61,005 at P 14 (noting that the Commission "lacks jurisdiction over Vernon's transmission rates under FPA Section 205," but may nonetheless "review Vernon's TRR because it is a component of the jurisdictional CAISO [Transmission Access Charge]"). , CAISO Tariff, Appendix F, Schedule 3, § 8.1. CAISO Tariff, Appendix F, Schedule 3, § 8.1. November 20, 2009 Page 7 LATHAMaWATKINS«P Vernon became aware of the error in the October 30 Filing yesterday and has promptly sought to correct the error. The effect of this correction is a downward adjustment in Vernon's TRBAA. Accordingly, no party is adversely affected by this adjustment or by Vernon's request for expedited treatment of this filing, and Vernon submits that granting its request for expedited treatment and any waivers is appropriate under these circumstances. M. ATTACHMENTS This Filing includes the following Attachments: • Appendix I to the TO Tariff (Clean), attached hereto as Attachment 1; • Appendix I to the TO Tariff (Redline), attached hereto as Attachment 2; • Corrected Exhibit 1 to the TRBAA Staff Report, attached hereto as Attachment 3; • Corrected Exhibit 2 to the TRBAA Staff Report, attached hereto as Attachment 4. IV. SERVICE Copies of this filing will be served by mail upon the persons listed in Appendix F of the CAISO Transmission Control Agreements These persons are representatives of CAISO and the other CAISO PTOs. In addition, copies will be served on all parties who are part of the Commission's official service list in this proceeding. A certificate of service is attached hereto. See http://www.caiso.com/docs/09003a6080/25/a3/09003a608025a3bd.pdf. November 20, 2008 Page 4 LATHAM&WATKINS«P V. CONCLUSION For the foregoing reasons, Vernon respectfully requests that the Commission accept for filing, to become effective January 1, 2010: (i) Vernon's revised TRBAA, and (ii) Vernon's revised TRR for 2010, including the granting of any necessary waivers. e tfull submitted, a, Michael J. ergen Jared W. Johnson G. Scott Binnings Counsel for City of Vernon Enclosures ATTACHMENT 1 Appendix I to the TO Tariff (Clean) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRBAA The Vernon Base Transmission Revenue Requirement is $1,218,960 and is comprised of the following components: Base TRR costs not subject to ETC Adjustment Clause: $498,480 ETC Adjustment Clause: Forecast SCE ETC Costs: $720,480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January 1 of each year. The TRBAA is a positive $411,764.for calendar year 2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 1,288,684 MWh. All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defined by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 Issued on: November 20, 2009 Resolution No. Effective: January 1, 2010 Substitute Twelth Revised Sheet No. 22 Superseding Eleventh Revised Sheet No. 22 ATTACHMENT 2 Appendix I to the T4 Tariff (Redline) Transmission Owner Tariff (cont.) APPENDIX I Transmission Revenue Requirement and TRBAA The Vernon Base Transmission Revenue Requirement is $1,218,960 and is comprised of the following components: Base TRR costs not subject to ETC Adjustment Clause: $498,480 ETC Adjustment Clause: Forecast SCE ETC Costs: $720,480 Balance of Difference between prior year Forecast and Actual SCE ETC Costs: $0 Interest on Difference between prior year Forecast and Actual SCE ETC Costs: $0 The ETC Adjustment Clause is: The projected SCE ETC Cost for the next calendar year, plus the true -up (positive or negative) of the prior October through September SCE ETC Cost with interest calculated pursuant to 18 C.F.R. § 35.19a. The ETC Adjustment Clause will be recalculated annually and filed with the Commission with a proposed effective date of January I of each year. The TRBAA is a positive $847,60541 V, for calendar year 2010. Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission Access Charge is 1,288,684 MWh. All of Vernon's transmission facilities and Entitlements placed under the ISO's Operational Control are High Voltage Facilities as defined by the ISO Tariff. The TRBAA will be recalculated annually consistent with the ISO Tariff approved by the Vernon City Council, and provided to the ISO. Authorized by City of Vernon Ordinance No. 940 Issued on: Oeteber- 30,Nnvep1her Ell. 2009 Resolution Effective: January 1, 2010 Su_hstitaite elth Revised Sheet No. 22 Superseding Eleventh Revised Sheet No. 22 ATTACHMENT 3 Corrected Exhibit 1 to the TRBAA Staff Report Staff Report TRBAA 2010 Exhibit 1 A B C D E F G H 1 CITY OF VERNON TRANSMISSION REVENUE BALANCING ACCOUNT ADJUSTMENT (TRBAA) CALENDAR YEAR 2010 DESCRIPTION TOTAL Balance in TRBA on September 30, 2009 $415,048 including interest Forecast Transmission Revenue Credits ($3,285) TRBAA $411,764 Source: Line 9 Exhibit 2, Column N, Line No.53. Line 12 Exhibit 3, Column E, Line No.23. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 TRBAA10Revised-11192009 (2).xls ATTACHMENT 4 Corrected Exhibit 2 to the TRBAA Staff Report }a N SO 8 S $ a'N � S S S 8 O N C G 66 S S O m p p Op . Op 0 Y < m � N N N yNy O w w p p W - w w w Ztt p pp N v� a w w w 8 8 8 8< 8 mom^ 8 8 8 8 8 898 8 m m n o N o 6¢ is m o S v S S m v�i m i J U 00 0 0 00 i J O U; o Ci w c yCi w maim N K K OOLL Z Q w w w w W w m w w K K 00 Z G Z aJ c S S N � t VV 0 N m a �V 00 Ow 00S a O q C5 Y m ry p w paid 8 8 8 8 r 8 8 w 6 ai w 6 Z§ rC6� w g O U Q dc`i 611m n 8 omo _ Z Za w � a N w p p w w ri w w p - Z ce W m N 7 W 0Z S R 8 8 8 8 mq2 8 8 8N8 O Y j 'd p w p p v O p w w w w V N H iUce o �Lo `o Z b O U witw p mw - c o _ LL w v 14 p U O uc% 8 8 8 8 �5 8N� n 8 8 8 8 8 88 IQ 8 O Z, O N ON Omi cj m V m V _ p w w w W w V W O Ow N C c '$ R '"e w w w w `o O N 8 8 8° 8 8 -QED w , �� �R j 8m $ $ ��6 E W d7 ❑ C m E m CR 8 8 8 8 8 8 8 8 8 8 898 8 m m m w . p w .� � m m _ W w ci p w w m W w N VI Z s .0 u 8 8 8 �N m<' 8 o oaeo a d E _ m- Q Op Op p w a�D m N YI w w w p w p m p w m o w �w w w p 5 c N m ? O W N tuNi m d d � O Z O O U Z J ¢ j U' W oo J x Z Z W Na Nz rtF�lF < ns m T a N &ww W 3o A m ¢ ¢ Z 2 W Z W 08. u1F �.ws 0 R a a- o m ¢O W W O (W9 GO N G CERTIFICATE OF SERVICE I hereby certify that I have served the foregoing document by mail upon each person designated on Appendix F to the California Independent System Operator Corporation Transmission Control Agreement. In addition, a copy has been served on all parties listed on the official service list in this proceeding. Dated at Washington, D.C. this 20th day of November 2009. .t 'Amr&� G. Scott Bm'nmgs Latham & Watkins LLP 555 Eleventh Street, NW, Suite 1000 Washington, DC 20004 Tel: (202) 637-2200 CITY CLERK'S OFFICE INTEROFFICE MEMORANDUM DATE: January 26, 2010 TO: Donal O'Callaghan, Director of Light & Power FROM: Nelly Giron, City Clerk RE: Resolution No. 2010-13 - A Resolution of the City Council of the City of Vernon Approving and Authorizing the Revision of Exhibits 1 and 2 to the City of Vernon Light & Power Staff Report Regarding Establishment of a New Transmission Revenue Balancing Account Adjustment (TRBAA) for 2010 and the Revision of Transmission Owner Tariff Sheet Appendix I, "Transmission Revenue Requirement and TRBAA,'' Submitted to the Federal Energy Regulatory Commission (FERC) in Support of Vernon's Transmission Revenue Requirement for 2010 and Vernon's Transmission Revenue Balancing Account Adjustment for 2010 and Approving the Related Revised FERC Filing Transmitted herewith is a copy of Resolution No. 2010-13 referenced above, which was approved by City Council on January 25, 2010. Thank you. NG:dj c: Resolution No. 2010-13, 10,091, 10,092