Resolution No. 2012-204RESOLUTION NO. 2012-204
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON ESTABLISHING A TRANSMISSION REVENUE
BALANCING ACCOUNT ADJUSTMENT FOR 2013 IN ACCORDANCE
WITH VERNON'S TRANSMISSION OWNER TARIFF AND
PROVIDING FOR TARIFF SHEET CHANGES TO IMPLEMENT THE
ADJUSTMENT
WHEREAS, -the City of Vernon ("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 Corporation
("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 ("ISO 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 controlaof 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, a Notice of Public Hearing was published'on or
before October 15, 2012, notifying all interested parties that a
hearing to consider evidence to establishtheCity's new TRBAA for 2013
was scheduled for November 6, 2012, at approximately 9 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 November 6, 2012, in
which the City Council took evidence from staff and those other persons
in attendance who wished to be heard on the establishment of the City's
new TRBAA; and
WHEREAS, the Light & Power Department has prepared a Staff
Report, with exhibits, dated on or about October 24, 2012 ("Staff
Report"), which determines the new TRBAA for 2013 to be consistent with
the TO Tariff and supports the TRBAA and the changes to Appendix I of
the TO Tariff to implement the new TRBAA effective January 1, 2013; and
WHEREAS, the Light & Power Department has recommended that
the TRBAA and Appendix I to the TO Tariff implementing the new TRBAA be
approved; and
WHEREAS, the City Council has heard and considered all
evidence, both written and oral, presented in consideration of the
establishment of the City's new TRBAA and revised Appendix I to the TO
Tariff implementing the new TRBAA.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON AS FOLLOWS:
SECTION l: 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 establishment of the
City's new TRBAA and amended Appendix I to the TO Tariff implementing the
new TRBAA, and, after due consideration of any and all evidence submitted
- 2 -
at the public hearing, determines that there are compelling reasons to
justify the establishment of the City's new TRBAA for 2013 and an amended
Appendix I to the TO Tariff implementing the new TRBAA for 2013, a copy
of which is attached hereto as Exhibit A and made a part hereof.
SECTION 3: The City Council of the City of Vernon hereby
approves, pursuant to the TO Tariff and to be effective on January 1,
2013, the establishment of the City's new TRBAA for 2013 and revised
Appendix I to the TO Tariff implementing the new TRBAA for 2013, as
described in the Staff Report, a copy of which is attached hereto as
Exhibit B and made a part hereof.
SECTION 4: The City Council of the City of Vernon hereby
authorizes outside counsel to submit the City's new TRBAA for 2013, the
revised Appendix I to the TO Tariff, and supporting documentation, such
as the Staff Report and this City Council Resolution, to FERC on behalf
of the City of Vernon.
- 3
SECTION 5: The Interim City Clerk of the City of Vernon
shall certify to the passage, approval and adoption of this
resolution, and the Interim City Clerk of the City of Vernon shall
cause this resolution and the Interim City Clerk's certification to be
entered in the File of Resolutions of the Council of this City.
APPROVED AND ADOPTED this 6th day of November, 2012.
Name: William Davis
ATT T:
Dana teed, Interim City Clerk
- 4 -
Title: Mayor
STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, Dana Reed, Interim City Clerk of the City of Vernon, do hereby
certify that the foregoing Resolution, being Resolution No. 2012-204,
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
Tuesday, November 6, 2012, and thereafter was duly signed by the Mayor
or Mayor Pro-Tem of the City of Vernon.
Executed this day of November, 2012, at Vernon, California.
D a Reed, Interim City Clerk
(SEAL)
- 5 -
EXHIBIT - A
APPENDIX I
Transmission Revenue Requirement and TRBAA
The Vernon Base Transmission Revenue Requirement is $',�3"-,�d02,394,360 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: $8 1,895,880
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 negative $ 34,766 for calendar year 20122013.
Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission
Access Charge is 1,181,728 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.
APPENDIX I
Transmission Revenue Requirement and TRBAA
The Vernon Base Transmission Revenue Requirement is $2,394,360 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: $1,895,880
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 negative $34,766 for calendar year 2013.
Vernon's Gross Load, consistent with its TRR, used by the ISO to develop the Transmission
Access Charge is 1,181,728 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.
EXHIBIT - B
CITY OF VERNON LIGHT & POWER DEPARTMENT
STAFF REPORT REGARDING THE ESTABLSHMENT OF A NEW
TRANSMISSION REVENUE BALANCING ACCOUNT ADJUSTMENT
FOR CALENDAR YEAR 2013
October 24, 2012
The City of Vernon ("Vernon" or "City") is a Scheduling Coordinator and a
Participating Transmission Owner ("PTO") in the California Independent System
Operator Corporation ("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.
The relationship between PTOs and the ISO is governed by a Transmission Control
Agreement ("TCA"), which sets forth the specific duties and obligations of all PTOs.
The TCA requires all PTOs to file a Transmission Owner Tariff ("TO Tariff") with the
Federal Energy Regulatory Commission ("FERC").
Pursuant to Section 5.2 of the TO Tariff, Vernon updates its Transmission Revenue
Balancing.Account Adjustment ("TRBAA") annually. The TRBAA is a tariff
mechanism designed to ensure that all Transmission Revenue Credits ("TRCs") are
flowed through to ISO open access transmission tariff ("ISO Tariff') customers via
annual update filings at the FERC by PTOs. Appendix F, Schedule 3, Section
6.1(b), of the ISO Tariff describes the annual TRBAA calculation as "a dollar amount
based on the projected Transmission Revenue Credits as adjusted for the true up of
the prior year's difference between projected and actual credits." This Staff Report
supports the establishment of a new TRBAA based on the requirements of the TO
Tariff and the ISO Tariff.
SUMMARY
Section 5.2 of the Vernon TO Tariff identifies the items to be reflected in the TRBAA
Staff Report
TRBAA 2013
Page 2 of 5
and sets forth the procedure for revising the Transmission Revenue Balancing
Account ("TRBA") on an annual basis, as follows:
6.2 Transmission Revenue Balancing Account Adjustment
The Participating TO shall maintain a TRBA that will ensure that all
Transmission Revenue Credits and the refunds, specified in Sections 6
and 8 of Appendix F, Schedule 3 of the ISO Tariff, flow through to
transmission customers.
The TRBAA shall be equal to: TRBAA = TRCF + TRCT + I.
TRCT = The balance representing the prior period difference between
the projected Transmission Revenue Credits and the actual credits.
TRCF = The forecast of Transmission Revenue Credits for the
following calendar year.
I = The interest balance for the TRBA, which shall be calculated using
the interest rate pursuant to Section 35.19(a) of FERC's regulations
under the Federal Power Act (18 C.F.R. § 35.19(a)). Interest shall be
calculated based on the average TRBA principal balance each month,
compounded quarterly.
Transmission Revenue Credits ("TRCs") are defined in Section 3.12 of the current
Vernon TO Tariff as follows:
3.12 Transmission Revenue Credit. The sum of all revenues received by
the Participating TO from the ISO for Wheeling service.
The TRBAA is based on the balance in the TRBA as of September 30 of the current
year and a forecast of the TRCs expected to be received in the following year. A
summary of the elements of the Vernon TRBAA proposed to be effective January 1,
Staff Report
TRBAA 2013
Page 3 of 5
2013 is shown in Exhibit 1. It shows that the balance in the Vernon TRBA as of
September 30, 2012, which reflects services rendered through June 30, 2012, is a
credit of $29,859, including interest. TRCs are projected to be a credit of $4,907.
Taken together, these items sum up to a TRBAA to be effective for the twelve
months starting January 1, 2013. of a credit, or negative, balance of $34,766.
All of the Vernon transmission entitlements that are reflected in Vernon's
transmission rates and the TRBAA are high voltage facilities. Therefore, there is no
need to allocate TRCs or other TRBAA components between high voltage and low
voltage rates.
CALCULATION OF THE NEW TRBAA
The TRBAA is equal to the sum of: TRCT + TRCT+ I.
The balance in the TRBA of a credit of $29,859 as of September 30, 2012
represents the sum of the TROT and the I components.
The TRCT Component of Vernon's TRBAA
TRCT represents a balance that reflects the difference for the prior period between
the projected TRCs and the actual credits. The prior period in this case is the
twelve-month period starting October 1, 2011 and ending September 30, 2012.
A summary of the determination of the September 30, 2012 balance in the Vernon
TRBA is shown in Exhibit 2. The TRCT component reflects 1) the previously
projected 2011 TRCs for Vernon of $18,109 or $1,509.08 per month, for the months
October through December 2011, and 2) projected 2012 TRCs of $105,460 or
$8,788.36 per month, for the months January through September 2012-both
elements as reflected on Line No. 10 of Exhibit 2. Adjustments for actual payable
TRCs reflecting high voltage wheeling revenues payable to the TO (i.e., Vernon) are
reflected in Line 11 of Exhibit 2 and produce the under (over) collection figures for
the monthly payable TRC balances reflected in Line 14 of Exhibit 2. The monthly
balances are carried forward from month to month in Line 14 of Exhibit 2. Interest is
Staff Report
TRBAA 2013
Page 4 of 5
calculated monthly (the I component) on the average monthly balance and is
compounded quarterly into the monthly payable TRC balances pursuant to Section
5.2 of the Vernon TO Tariff. The interest calculation for payable TRC balances is
shown in Lines 16-20 of Exhibit 2. The TRBA balance on September 30, 2012 is
shown in Line 25 of Exhibit 2.
The I (Interest) Component of Vernon's TRBAA
As discussed above, the I component reflects interest on payable balances and on
payments for prior year TRCs. As provided in Section 5.2 of Vernon's TO Tariff,
monthly interest carrying costs are calculated using the 18 C.F.R. § 35.19(a) interest
rates and calculation method These interest rates are published by FERC and
reflect the prime rate values published in the Federal Reserve Bank's "Selected
Interest Rates."
The calculation of interest is reflected in Exhibit 2. and is included as an integral part
of the calculation of the TRBA balance on September 30, 2012. It is not reflected as
a separate line item in Exhibit 1.
The TRCF Component of Vernon's TRBAA
The TRCF component of Vernon's TRBAA stands for the forecast of TRCs for the
following calendar year, in this case 2013. These forecast TRCs reflect projected
wheeling revenues.
Wheeling revenues, which correspond to ISO Charge Type 384, are projected to be
a credit of $4,907, as shown in Exhibit 3.
These projections are based on the accruals for services provided during the twelve-
month period ending June 30, 2012, which are reflected in the ISO's invoices to
Vernon through September 30, 2012. A summary of the monthly accruals for the
twelve months ending September 30, 2012 is shown in Exhibit 4.
Staff Report
TRBAA 2013
Page 5 of 5
RECOMMENDATIONS
1. Approve the newly calculated TRBAA of a negative $34,766.
2. Approve replacing the existing TRBAA of negative $105,460 with the new
TRBAA for 2013 of a negative $34,766.
3. Approve the attached revised Appendix I of Vernon's TO Tariff reflecting the
TRBAA of negative $34,766.
4. Approve the submission of Vernon's TRBAA and supporting documentation,
such as this Staff Report and the City Council Resolution approving the new
TRBAA to FERC.
Staff Report
TRBAA 2013
Exhibit 1
A
B
C
D
E
F
G
H
1
2
3
CITY OF VERNON
4
TRANSMISSION REVENUE BALANCING ACCOUNT ADJUSTMENT (TRBAA)
5
CALENDAR YEAR.2013
6
7
DESCRIPTION
TOTAL
8
9
Balance in TRBA on September 30, 2012
($29,859)
10
including interest
11
12
Forecast Transmission Revenue Credits
($4,907)
13
14
TRBAA
($34,766)
15
16
17
18
Source:
19
Line 9 Exhibit 2, Column N, Line No.25.
20
Line 12 Exhibit 3, Column E, Line No.23.
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
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37
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Staff Report
TRBAA 2013
Exhibit 3
A
B C I D
E F
-1
MONTH
January-13
February-13
March-13
April-13
May-13
June-13
July-13
August-13
September-13
October-13
November-13
December-13
CITY OF VERNON
FORECAST TRANSMISSION CREDITS
for Calendar Year 2013 TRBAA
Wheelinq
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408..91)
408.91
Total
($408.91)
($408.91)
($408,91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
($408.91)
408.91
2
3
4
5
6
7
8
9
10
11
12
13
-14
15
16
17
18
19
Total ($4,906.95) ($4,906.95)
Staff Report
TRBAA 2013
Exhibit 4
A
B C
D E F G H
1
Vernon Historical Transmission Credits
for Calendar Year 2013 TRBAA
Wheeling Revenues
ISO INVOICE
Month CT 384 H028
(Cash Basis) Final
July-11 ($590.44) $ 86.27
August-11 ($658.43)
September-11 ($371.03)
October-11 ($458.84)
November-11 ($232.63)
December-11 ($308.30)
January-12 ($318.48)
February-12 ($210.14)
March-12 ($182.85)
April-12 ($408.06)
May-12 ($463.92)
June-12 ($790.09)
Total
($504.18)
($658.43)
($371.03)
($458.84)
($232.63)
($308.30)
($318.48)
($210.14)
($182.85)
($408.06)
($463.92)
($790.09)
($4.906.95)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
ReCEJVJJE®
OCT 2 5 2012
CITY CLERKS OFFICE
STAFF REPORI
LIGHT &POWER
DATE: October 16, 2011
TO: Honorable Mayor and City Council
FROM: Carlos R. Fandino, Jr. I�
Director of Light & Power U�' !c7'lb^�Z
RE: Public Hearing on November 6, 2011
PURPOSE
Cc )W(-"elRECEIVED
11 1to 1 I 2 OCT 18 2011
CITY ADMINISTRATION
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.
CRF:ah
Attachment
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 AND TIME: Tuesday, November 6, 2012, at 9:00 a.m., or
as soon thereafter as the matter may 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 may 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, 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 or adjourned to a stated time
and place without further notice of a public hearing.
Dated: October 15, 2012
S/
Dana Reed, Acting City Clerk
cc vI
EI (
C iD
RECEIVED OCT 2 4 2012
OCT 2 6 2012 CITY ADMINISTRATION
MY CLERK'S OFFICE STAFF REPORT
LIGHT & POWER
DATE: October 24, 2012
TO: Honorable Mayor and City Council
FROM: Carlos R. Fandino, Jr. tiOWN'
RE: Transmission Revenue Balancing Account Adjustment for 2013
Purpose:
Detailed Staff Report is enclosed.
Recommendation:
1. Approve the newly calculated .TRBAA of a negative $34,766.
2. Approve replacing the existing TRBAA of negative $105,460 with the new
TRBAA for 2013 of a negative $34,766.
3. Approve the attached revised Appendix I of Vernon's TO Tariff reflecting the
TRBAA of negative $34,766.
.4. Approve the submission of Vernon's TRBAA and supporting documentation,
such as this Staff Report and the City Council Resolution approving the new
TRBAA to FERC
Staff would like this matter to be addressed on the November 6, 2012 City Council
meeting.
Fiscal Impact:
There is no known fiscal impact.
CRF:AA
Attachments
INTEROFFICE MEMORANDUM
Light & Power Department
Date: October 24, 2012
To: Carlos Fandino
Director of Light and Power
From: Abraham Alemu
Resource Planning & Development Manager
SUBJECT: Transmission Revenue Balancing Account Adjustment and Transmission
Revenue Requirement To be placed on the November 6t", 2012 City
Council Agenda
Attached for your review.and approval is documentation for the establishment of the
Transmission Revenue Balancing Account Adjustment (TRBAA) and the establishment
of a new Transmission Revenue Requirement (TRR) associated with Vernon's existing
high voltage transmission contract entitlements to be effective January 1, 2013. Staff
requests this item to be placed on the November 6t", 2012 City council agenda.
CF:AA
Attachments
C: Abraham Alemu
Document Control
CITY CLERK'S OFFICE
INTEROFFICE MEMORANDUM
DATE: November 14, 2012
TO: Carlos R. Fandino, Director of Light & Power
FROM: Ana Barcia, Deputy City Clerk
RE: Resolution No. 2012-204 — A Resolution of the City Council of the City of Vernon
Establishing a Transmission Revenue Balancing Account Adjustment for 2013 In
Accordance with Vernon's Transmission Owner Tariff and Providing for Tariff Sheet
Changes to Implement the Adjustment
Transmitted herewith is a copy of Resolution No. 2012-204 referenced above, which was approved by
City Council on November 6, 2012.
Thank you.
AB: yb
Attachment
c: Resolution No. 2012-204
Audra Hunter
Tania Tolmasoff
CERTIFICATE
STATE OF CALIFORNIA )
ss
COUNTY OF LOS ANGELES)
I,.Dana Reed, Interim 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. 2012-204 - A Resolution of the City Council of
the City of Vernon Establishing a Transmission Revenue
Balancing Account Adjustment for 2013 in Accordance With
Vernon's Transmission Owner Tariff, and Providing for Tariff
Sheet Changes to Implement the Adjustment
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 I of November 2012.
SEAL:
J
Dan Reed,
Interim City Clerk
AFFIDAVIT OF
CARLOS R. FANDINO JR.
STATE OF CALIFORNIA
ss.
COUNTY OF LOS ANGELES
Carlos R. Fandino, Jr., being duly sworn, deposes and states that he is
the Director of the Vernon Light and Power Department; that the "City of Vernon
Light and Power Department Staff Report Regarding the Establishment of a New
Transmission Revenue Balancing Account Adjustment for Calendar Year 2013,"
including Exhibit 1 through 4 that are part of that Report, were prepared under his
supervision; that the report and exhibits are correct to the best of his knowledge,
information, and belief; and that he presented this report to the Vernon City
Council as the basis for the Transmission Revenue Balancing Account
Adjustment and Transmission Owner Tariff Appendix I Amendment that is being
filed by Vernon at the Federal Energy Regulatory Commission.
11 /15/2012
Carlos R. Fandino J . Date
ACKNOWLEDGMENT
State of California)
County of Los Angeles)
On November 15, 2012 before me, Marisol Trujillo
(insert name and title of the officer)
personally appeared Carlos R. Fandino Jr.
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)X/are
subscribed to the within instrument and acknowledged tome that We/sKe/they executed the same
in Vs/b/r/their authorized capacity(ies), and that by 1 s*r/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
,F
Sign ture
MAR150L TRUJILLO
Commission # 1918415
LQ Notary Public • California
Los Angeles County r
M Comm. Ex ires Dee 23, 2014