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HomeMy WebLinkAboutPO 5951: ENTERGY, TX RATESP. O..No. 5951 11/13/08 is ORDINANCE NO. AN ORDINANCE AS IT PERTAINS TO THS RATES OF ENTERGY, TEXAS WHEREAS, per Ordinance No. 08-105,^on October 7, 2008, the City Council approved the rates established in ETI's Non-Unanimous Stipulation filed in PUC Docket 34800, attached hereto as Exhibit "A", with an effective date of October 24,:2008 or when the Public Utilities Commission approves the rates in PUC. Docket Number 34800 consistent with the ETI's Non-Unanimous Stipulation, whichever is later; and WHEREAS, the PUC has not approved the ETI's Non-Unanimous Stipulation, per their Order on Remand, attached hereto as Exhibit .,B„ NOW THEREFORE, BE IT ORDAINED BY THS CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions. in the preamble are true and=correct. Section 2. That the City Council herein takes such actions as denoted in Exhibit "C" pertaining to the rates and the effective date of implementation. Section 3. That .a copy of the caption of this Ordinance be spread upon the Minutes of the City Council. Section 4. That this being an Ordinance which does not carry a penalty and does not require publication, it shall take effect immediately from and after its passage. z.pos951 READ, ADOPTED AND APPROVED on this day of A.D., 2008, at a Council Meeting of the City Council of the City of Port Arthur, Texas,, by the following vote: AYES: Mayor City Council NOES: MAYOR ATTEST: ACTING CITY SECRETARY APPROVED AS TO FORM: SEE CONFIDENTIAL MEMO CITY ATTORNEY. APPROVED FOR ADMINISTRATION: CITY MANAGER z.po9951 EXHIBIT "A" SOAH DUCICET N0.473-08-0334 P.U.C. DOCKET N0.348110 APPLICATION OF ENTLRGY GULF § BEFORE THE STATES, INC, b'OR AUTHORITY TO § S1'A'fE OFFICEOF CHANGF. RATES AND TO RECONCILE § ADMINISTRATIVE HEARINGS FUEL COSTS § NON-ONANIMOUS STIPULATION This Stipulation is enterrd into between and among the Community Associations of the Woodlands, Texas ("CAI W ~, Entergy Texas, Inc ("ETI" or "the Compan}~'), as successor in interest to Entergy Gulf States, Inc.; the Entergy Texas, Ina Service Area Cities' Steering Committee ("Cities"), the Kroger Co ("Kroger'7, Uffice of Public Utility Counsel ("OI'C"), 1"exas Legal Service Center ("TLSC"), 'texas Ratepayers Organization to Save Energy ("Texas ROSE"), and Wal-Mart 'Texas Stares, LP ("Wal-Marl") (collectively, "Signatories"), and any othcrparty that chooses to sign the Stipulation. The Signatories stipulate and agree au follows: I. BACKGROUND 1. On September 26, 2007, EII film an applicatimr with Qte Public Utility Commission of Texas ("Commission") requesiiug that the Cornnrission approve: (1) base rate taziffs and riders designed to collect a Wtal non-fuel revenue requirement, for the Texas retail jurisdiction, of $605 million; (2) a set of proposed tariff schntfules presented in the Company's Electric Utility Rate Filing Package for Generating Utilities ("Rate Filing Pukage" or "RP'I"') accompanying ETI's Application; (3) ptusuant to P:U.C. Stn3sr. R. 25.236 and the Public Utility Regulatory Actz {"PURA'~ Section 39.455, a request for fmal reconciliation of ETI's fuel and purchased power costs and fuel factor revenues for the Reconciliation Period from January 1, 'Effective December 31,.2001, Entergy Texas, Inc succeeded to EGSI's rights and tespoosibilifies pursuant to Section 39.452(e) of-rho Public Utility Regrilatory Act For continuity and ease of reference, the Company has .continued to make reference to EGSl for purposes of pleadings bt tltis uue. - r IEX UIIL. CODE Arrtr. Title2 l r 200G to Match 31, 2007, as well as fuel costs deferred from prior' proceedings; and (4) certain waivers to the Rate Filing Package instructions presented in RI'P Schedule V. accompanying E'1'T's Application. 2. In addition to the UhecfTestinrony fled with its Application, ETI t11ed Rebuttal Testimony on May 2, 2008. Cities, UPC, CAI W, TLSC and-Texas ROSE, Kroger, and Wal- Matt filed Direct Testimony on April 11, 2008. OPC also filed Cross-Rebuttal Testimony on April I8, 2008- 3_ The Signatories believe that a resolution of this proceeding pursuant to the terms set ont below is desirable and in the-public interest because the result is reasonable under the c¢cumsLwces and is based on evidence in the tec;ord Settlement will also conserve the resournes of the public and the Signatories and will eliminate controversy. TL A(;12EEMENT 1. Uverali Base Irate Iucrcase for ETI. the Signatories agree to an overall base rate increase fbr ETI of $42.5 million over the present base rate revenues stated in Attachment A commencing with bills tendered fur the first billing cycle of October 2008 and a base rate iucrease of $17 million commencing with bills rendered For the fast billing cycle of October 2009. Coincident with the $42.5 million base rate increase, the Signatories agree ETI shall unplement tariffs designed to retain, on a usage basis, amounts of Rough Production Cost Equalization ("RPCE") payments to be made to LTI by Entergy Aritansas, Inc., so that the Company retains such payments and antortizcs fhe regulatory liability, at a rate of $25 million annrraUy until -the rates fiom the. rate case identified in Paragraph 7 of this Section aze implemented. the Signatories further agree that this $25 million amount will serve as a credit 2 s (or offset) to the $42.3 million base rate increase. Attachment A to this Stipulation provides the method of implementation for the RPCE credit. 2. Rough Production Cost Rqualization Payments. Lt addition ro the provisions of Paragraph 1 of this Section, F,TI will retain RYCE Paymments in the following manner: beginning with the first billing cycle of January 2009, E'fT will implement a taiiff designed, on a usage basis, for the Company to retain an additional $17 million annually unto the October 2009 rate increase goes info effect. This $42 million retention will revert back to the $25 million retention upon the implementation of rates in October 2009. 3 2008 RPCF, Payments. The 2005 RPCE payments will be used, if attd as necessary, [o amotfize future rcteutions described in Pazagraphs 1 and 2. Any 2003 RPCE payments not needed to ensure the proper level oCRPCE-related offsets will be credited in the mazmner in which they would have been credited absent this Stipulation. 4. 2009 Iucrease_ The base rate increase of $17 million commencing with bills rendered for the first billing cycle of October 2009 will be implemented using an abbreviated filing method on July 1, 2009. The Stipulating Patties agree to work in good faith with each other and with other inletrsted par ties, including any non-settling parties, to develop the form of an abbreviated fling to be made by the Company with all regulatory authorities with jurisdiction over retail rates in'I exas, that is reasonable and that effectuates the proposes of the scttlcntent to implement the second step base rate increase commencing with bills rendered for the first billing cycle of October 2009. Those Signatories that can waive tights to challenge the October- 2009 increase do so, except as to accuracy of calculations and conformance of tariffs with this Stipulation. OPC and Cities agree to be bound by the Stipulation, and therefore the 2009 base rate increase, to the extent allowed by law. Regardless of the foregoing,. the expectation of the 3 g Signatories is that OPC and Cities will not challenge the amount of the 2009 increase and that any oversight by those entities is limited to the accuracy of calculations and conformance of tariffs with this Stipulation. 5. Pumhasr:d Power Capacity costs associated with power pwchased'from Ihird pazties will be treated as eligible fuel expense or PCRF expense and such purchased power, whe4Set treated as eligible fuel or PCRP, wiU be subject to the standazds set out n~ P.U.C. Suesr. R § 25 236 or § 25.238, as applicable, in future fuel reconciliation cases, until the implemenlaton date of rates contemplated in Paragraph 7 of this Section. Each Signatory shall have the right to contest, in such future rcconci]iation cases, the reasonableness ofsuch purchase power expenses. The Signatories further reserve Ore right to assert al] tactual and legal atgumetrts they asserted in this docket as ttte basis far purchase power adjustments in these reconciliation cases. 6 Trxnsmissiou and Aistribution Operation and Maintenance Project Expense. An annual amount of $5 million of transmissiott and distribution operation and maintenance expense will be deferred by project to a regulatory asset account beginning with the implementation date of dre rates described in Pazagraph 1 of this Section azrd ending with the implementation date of rates described in paragraph 7. Recovery of the regulatory asset will be included specifically in the rates described in Pazagraph 7 irrunediately upon implementation of those rates. 7. Future Rate Case. The Company will file a rate case by Dccember.31, 2009 based upon a test year ending June 30, 2009. SeghuLng with the date of implementation of rates nesniting hom the 2009 mte case provided for in this paragraph, all jurisdictional sepazafion related MSS-4 purchases will be recovered through a contemporaneous surchazge and will ° 4 ro become recauciiable purchased power expenses under P.II.C. Slr$Sr. R. § 25.2.36_ The Signatories, however, make no commitment concerning the treatment of jurisdictional separation ' related MSS-4 purchases in any subsequent rate cases. the Signatories agree to: (a) further addl'e55 a Competitive Generation Services tariff in the 200) rate case; (b) to work, in ~a collabm afive manner, towazd a mutually acceptable solution prior to the 2009 rate case; and (c) that ETl will be made whole for any costs umccovered due directly to implementation of the Competitive Generation tazi[i. 8. DepreciaNou. A River Bend life extension adjustment is adopted consistent with the regulatory treatrnent of ttre Louisiana Public Service Commission, subject to FERC approval_ Should such approval not be obtained byFeb[uazy 1, 2009, a regulatory asset wit] be created that represents a 20-year extension of the life of River Bend. The creation of the regulatory asset, if required, is intended to maintain the economic impact to all Signatories. The regrdatoty asset will be included specifically in the rates described in Paragraph 7 inunediately upon irnplemenlaGon of those; rates. Additionally, the Signatories agree that the depreciation adjustment of $'2.7 million will be allowed, as identified in the rebuttal testimony of Company Witness Brian Caldwell at Exhibit BWC-R-3 on Page 27 of`28. 9. Riders. The Signatories support the following Riders: a Bath the incremental city franchise fees crurently being recovered through a Rider and any prospective incremental city hanchise fees will be recovered through a Rider. Existing non-incremental city franchise fees will be rolled into base rates-and will not be stated separately on a bill or chazged separately to customers; b. An Energy Efficiency Rider, as proposed in the Company's Rebuttal Testimony; 5 11 c A Rate Case Expcnsc Rider of $5 million wilt be amortized Duct [}tree {3) years (i e. $1.67 million per year); and d. All revenue ftom Riders is in addition to (i) the base-rate increases provided for in Paragraph 1 of this Section and (ii) the amount retained by the Company pursuant to Pazagraphs 1, 2 and 3 of this Section. 10.. Lorv-Income Programs. a. The Miscellaneous Electric Service Chazge for reconnection will remain at $12.00 for low-income customers; b ETPs Public Benefit Fund will be funded at an amount not to exceed $2 million annually and such amount will be tnlied into base rates. In oidcr to include a greater portion of the eligible population in the progatn, the Company will use its best efforts to contract for and implement an automatic enrollment program. '1 he. Company's automatic etuollment program will be modeled upon the matching procedwes used by other Texas utilities to identify eligible customers and will be implemented within 30 days of the Commission's issuance of the final order in this case. EII will provide quarterly reports to intetrs'ted patties; and c. With regard to the Company's Energy Efficiency Rider, the Company's low-income energy efficiency programs will be amended so as to ensure that funding is mainl:7ined for the targeted energy efficiency program initiated in 2001 in Docket No. 24469 The Company will reinstate the Entergy Assist Program at a funding level of $1.9 mi[lion, based upon 0.12% of Iexas gross revenues. The Company will use its best efforts to contract with the Iexas Association of Community Action Agencies by October 1, 2008 for the administration of ~ 1Z the Energy Assist Program with an annual funding level of $1.9 million effective .Januazy i, 2009_ 11. Storm Cost Accruals. Storm Cost Accruals will be increased by $2 million annually (lo a total umoal accrual of $3.65 million) beginniug 7annary 1, 2009- Ihis amount will be subsumed in revenues recovered through base rates. 12. Class Allocation. The rate increase described in Paragraph 1 of this Section will be allocated to all classes on an equal percentage basis Each lamp type and wattage identified iu the lighting class will receive the same equal pen;enLrge increase. Attachment A to this Stipulation shows the manner in which the rare increase will be allocated to all classes. 13 No Tuel or IPCR Disallowances. The approximately $858 million in fuel and $25 million in IPCR requested by the Company, exclusive of interest on airy over or under recovery batazrce, is reconciled tluough March 31, 2007 and there will be no fuel or II'CR disallowances- The ovedunder recovery balances at the end of the reconciliation period will be the beginning balrmces For the next reconciliation period for both fuel and IPCR. 14 Texas Jurisdictional Numbers. The Sigrratoiies agree that all numbers referenced in this Stipulalion aze Tcxas.jurisdictional III. IMPLEMENTATION ON AGREEMENT Obligation to Support this Stipulation. The. Signatories will support this Stipulation before the Commission and will take reasonable steps to support Commission entry of an order consistent with this Stipulation. The Signatories contemplate submission of an agreed proposed order for the Commission's consideration. ~ 13 2' EfTbct of Stipulation. a_ Agrcement as to the resolution of any specific issne in this Stipulation does not mean .that atry Si~ratory or the Commission approves of any pazticular Veatmerrt of costs or the wtderlying assumptions associated with such costs.. Ttre failure to litigate any specific issue in this docket does not waive any Signatory's rights to contest that issue in any other ewrent or finure docket of project The failure to litigate an issue cannot be asserted as a defense of estoppel, or any similar argument, by or against any Sigrratory in any other proceeding. The Signatories attived at this Stipulation ltuough extensive and heated negotiation and compronuse . b- The Signatories wge the Conunission to adopt au appropriate order consistent with the terms of this Stipulation Other than with regard to provisions pertaining to fii[ure required actions or tiitwe rate treatment, the terms of this Sfipulation may not he used either as an adutissiou or concession of any sort or as evidence in any proceeding- Oral or written statements made during the course of the settlement negotiations may not be used for any purposes other than as necessary to support Ure entry by the Commission of an brdcr implementing this Stipulation and other than to support the enhy of such an order, all oral or written statements made during the course of the settlement negotiations ate governed by TEX. R EVID. 408 and azc inadmissible in this or any other administrative agency or judicial proceeding. The obligations set forth hr this subsection 2.6. shall continue and be enforceable, even it this Stipulation is terminated as provided below. c. This Stipulation tellecis a compromise, settlement and accommodation among the Signatories, and the Signatories agree that the tetrns and. conditions herein are interdependent Ali actions by the Signatories contemplated or required by this Stipulation are 8 is conditioned upon entry by the Commission of a 6na1 and appealable order fully consistent with this Stipulation. If the Commission dots not accept this Stipulation as presented or enters an order inconsistent with any term of this Stipulation, any Signatory shall be released from all commitments and obligations, and shall have the tight fo seek heating on all issnes, present evidence, and advance any positions it desires, as if it had not been a Signatory.. d. 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THE CO Y ASSOCIATIONS OPkTCE OF ` PCJBLIC UTILITY OF THE DL COUNSEL _---~ By: ~~~ Br• een £. M er Sara J. Fcnis B wa McCatroll, LLP I I11 Bagby, Suite 4700 Title: Assistant Public Counsel Houston, TX 77002 Date: May ~ 2008 Title: Its Counsel TK?IAS x,EG.AL SERVICES CENTER Date: Mayes 2008 ENT YTEXAS,INC`.~ ~~//~I o John Williams Title: Its Attorney Date: May?U 2008 ENTERGY TEXAS, INC. SERVICE AREA C'ITIES' STEERING COMMITTEE >3y: Daniel J. Lawton Title: Its Attorney Date: May __, 2008 THE KROGEZt Co. By: Michael L. Kurtz Title: Its Attorney Date: May _~ 2008 By: Randall Chapman Title: Executive Director Date: May _, 2008 TEXA5 RATEPAYERS' . ORGANJ.T.A.TION TO SAVE Ei~'ERC:Y By: Carol Biedrzycki Title: Execurive Director Date: May,_, 2008 W AIrMART TEXAS STORES, LP By. F,ric.J. K,tat}twohl Rich May, aProfessional Corporation 176 Federal Street, 6th Floor BOSt:011, MA 02110-2123 Title: Its Counsel Date: May;, 2008 10 16 Executed as shown below: Dated this day of May, 2008 THE COMMUNITY ASSOCIATIONS UFFICE OF PUBLIC' .UTILITY O.F TFIF. WUODLANUS COUNSEL By - --------- ICathlaen E. Magnrder Brown McCauoll,.LLP l 111 Bagby, Suite 4700 Houston, TX 77002 , sy: 1 Ferris Title: Its Counsel , Date: May_ _, 2008 ENTERGYTEXAS, INC. By. ` lobn Williams Title: Its Attomcy Date: May _, 2003 ENIERGY IEXAS, INC. SERVICE AREA CiTIES' STEERING COMhIITTEE BY: Danie] J Iawton Title: Tts Attorney Da[c: May 2008 TAE KItOGER CO. BY~ -.-- Michael LKurtz Title: Its Attorney Date: May __, 2008 'I itIe: Assistant Public Counsel Date: May _, 2008 TEXAS LEGAL SER'VTCES CENTER Br ------------ Randall Chapman Iitle: Executive Director Date: May_, 2008 TF,XAS RATEPAYERS' ORGANIZATION TO SAVE ENERGY Br ---- -- Carol Bicdrzycki IiUc: Executive Director llate:. May _, 2008 WAL-MART TEXAS S'T'ORES, LP By: Eric I. Kralhwoh] - Ricb May, a Professional Corporation 176 Federal Steet, 6's Floor Boston, MA 02110-2223 Ti[Ie: Its Counsel Date: May , 2008 10 17 Executed as shown below: Dated this ___ day of May, 2008_ TIIE COMMUNITY ASSOCIATIONS OFTI~ WOODLANDS By: - Kathleen E_ Magruder Btnwn McCazroll, LLP 11 I I Bagby, Suite 4700 Haustort, TX 77002 Title: Its Counsel Date: May_-, 2008 ENTERGY TEXAS, INC. By' ---- Iohn Williams Title: Its Attorney Date: May _ ~ 2008 ENTERGY TEXAS, ING SERVICE, AREA CITIES' STEERING COMMITTEE Ay -- llaniel J. Iavrton Title: its Attotney Date: May._, 2008 IHE 1{ROGER CO. By: _ Michael L. Kurtz Title: Its Attorney Date: May _, 2 W 8 OFFICE OF PUBLIC UTILITY COUN~ _ _ Sara 1 erns Title: Assistant Public Covnscl Date: May~1', 2008 TEXAS LEGAL SERVICES CENTER By' ----- ._~__~ Randall Chapman Title: Executive Director Date: May _, 2008 TEXA5RATEPAYERS' ORGANT'LA'CION IO SAV E ENERGY . Caro(Bicdaycki iitle: Executive Director Date: May._., 2008 WAL-MART TEXAS STORES, LP ay -- --- Eric J Krathwohl Rich May; a Ptnfessional Corporation 176 Federal Street; 6's Floor Boston, MA 021IO-2223 Title: Its Counsel Date: May _, 2008 10 lti Executed as shown below: Dated this day of May, 2UD8 THE COMMUNITY ASSOCIATIONS OF THE WOODLANDS Dy: Kathleen E. Magruder Broom McCaztoll, LLP " 1111 Bagby, Suite 4700 Ilouston, TX 770D2 Title: Its Counsel ' Date: May `, 2008 ENTERGY TEXAS, INC. By: _ ___ Iuhn ~Iliams Iitle: Its Attorney Date: May._, 2008 EN"TERGY- TEXAS, INC. SERVICE AREA CITIES' STEERLNG CO]VLIVIITTEE By' - -.~ Daniel i Lawton Title: Its Attorney Date: May_, 2008 THE K120GER CO. By. _ _ Michael L Kunz Title: Its Attorney :Date: May _, 2008 OFFICE OF PTfBLIC UTILITY COUNSEL, u,,. .,, . _ Saca J. Ferris IitIe: Assistant Public Counsel Date: 2vlay_ , 2UD8 TEXA5 LEGAL SERVICES CENTER ~y, Randall Chapman 'T'itle: Executive Director Date: May . ,, 2008 TEXAS RATEPAYERS' ORGANIZATION TO SAVE ENERGY Dr• _.. Carol Biedrzycki Title: Executive Director Date: May _, 2008 WAL- ART TE STO LP Dy: &ic J. Kr o Rich May, a Professional Corporation 176 Federal Sweet, 6s' Floor Roston, MA D2170-2223 Iitle: Its Counsel Date: May/~~1008 10 19 EXHIBIT "B" ~.~ 0 - t PUC DOCKET N0.34800 t~~ --t SOAR DOCKET N0.473-08-0334 ~ -a r APPLICATION OF ENTERGY § PUBLIC UTILITY COMMISSION N GULF STATES, INC. FOR § AUTHORITY TO CHANGE RATES § OF TEXAS AND RECONCILE FUEL COSTS. § ORDER ON REMAND This.Order addresses the application of Entergy Gulf States, Inc. to establish new f rates and reconcile fuel expenses. Prior to hearing, anon-unanimous settlement (NUS) was entered into by Entergy and other parties, and a hearing was held on the NUS. The administrative law judges (ALJs) subsequently issued a proposal for decision (PFD) in which they recommended adoption of the NUS. -For the reasons discussed in this Order, the Commission fords that the NUS cannot be adopted and, therefore, rejects the PFD and remands this matter to the State Office of Administrative Hearings (SOAR) for a hearing on the merits of Entergy's original application. 'The Commission notes that Entergy has agreed to extend the suspension of proposed rates until March 2, 2009. Further, the Commission requests that the AL7s move in an expedited manner to hearing and return a PFD to the Commission to allow final action in this matter before Mazch 2, 2009. The Commission finds that the NUS as presented in the PFD violates PURAZ and Commission rules, does not establish a reasonable revenue requirement for base rates, is not in the public interest, is not supported by a preponderance of the evidence, is inconsistent with Commission policy, .and improperly attempts to stipulate Commission ~ The signatories to the EGSI-NUS include: the Cities, the Community Association of the Woodlands, Texas (CATW), the Kroger Company (Kroger), the Oftice of Public Utility Counsel (OPUC), Texas Legal Services Center (TLSC), Texas Ratepayers Organization to Save Energy (Texas Rose), and Wal-Mart Stores, LP (Wal-Mart) (collectively, EGSI signatories). Z Public Utility Regulatory Act, TEx. tJTIL. Cont: ANrI. §§ LI.001-66.017 (Vernon 200'7 & Supp. 2008) (PURA). `~~~ PUC Docket No. 34800 Order on Remand Page 2 of 12 SOAH Docket No. 473-OS-0334 policy. Accordingly, under the standards set forth by the Texas Supreme Court in City of El Paso,3 the NUS cannot be adopted and the PFD must be rejected. I. Scheduling of Rehearing. The Commission is awaze of the parties' needs to have this matter adjudicated in an expeditious manner and the importance of having the final rates, terms, and conditions resulting from this proceeding implemented in a timely manner. Entergy agreed at the November 5, 2008 open meeting to extend the suspension period for its proposed rates until Mazch 2, 2009. Given the circumstances of Entergy and other financial considerations, the Commission requests the ALJs make all efforts to return a PFD to the Commission so that final action can be taken before March 2. To facilitate this objective, the parties, with one exception, indicated in open meeting that they are prepared to go to hearing by the first week in December. In light of the parties' readiness for hearing, the Commission would request that the ALJs set a hearing to begin in early December: II. Discussion The standazd of review for a NUS was set out by the Supreme Court of Texas in City of El Paso as follows: a) The parties opposing the stipulation have notice that the stipulation may be considered by the Commission and an opportunity to be heazd on the reasons for opposing the stipulation; b) The matters contained in the stipulation are supported by a preponderance of the credible evidence in the case; c) Tlie stipulation is in accordance with applicable law; d) The stipulation results injust and reasonable rates; and ~ City ojEt Paso v. Pub. Uril. Comm'n ojTexas, 883 S.W2d 179 (Tex. 1994). !d at 183. PUC Docket No. 34800 Order oa Remand Page 3 of 12 SOAH Docket No. 473-08-0334 e) The results of the stipulation aze in the public interest, including the interest of those customers represented by parties opposing the stipulation. In addition, the Commission notes that wntested NUSs are inherently fraught with peril resulting in the need for heightened scrutiny. In such cases, the trier of fact should provide detailed findings of fact because under City of El Paso the trier of fact must determine that the settlement is in the public interest, including the interest of those opposing the settlement.. By requiring detailed findings of fact,-the Commission does not intend to discourage settlement, but instead encourages parties to bring either stipulations or NUSs that have a fully developed factual record and evidence that the agreement meets applicable law, including the standazds articulated in City of EI Paso, by a preponderance of the credible evidence. A. Revenue Requirement The ALJs found that the proposed rate increase of $59.5 million in the NUS was "just and reflect[ed] reasonable expenses in providing electric service:'S The ALJs noted that the revenue requirement in the NUS was approximately halfway between Entetgy's original filing ($106 million increase) and the revenue requirement advocated by Commission Staff ($6.7 million decrease), resulted in rate increases of less than 10% over atwo-yeaz period, provided adequate resources to attract new capital, and noted that a subsequent rate case would be promptly filed.b The ALJs concluded that. the revenue requirement was reasonable and in the public interest ~ While the Commission has found numbers (such as revenue requirements and rates of return) that fall within a range of reasonable alternatives to be reasonable and appropriate, it has never simply accepted a number that falls between two extremes. The ALJs did not analyze either Entergy's original filing or Commission Staff's proposal for reasonableness; thus, there is no basis to conclude that the settlement number is s Proposal for Decision at 14 (Sept. 25, 2006) (PFD). !d at 1415. 'ld.atl5. PUC Docket No. 34800 Order on Remand Page.4 of 12 SOAH Docket No. 473-08-0334 reasonable simply because it falls between the two numbers. Further, a rate increase is not shown to be reasonable simply because it is less than 10%. As the ALJs correctly pointed out, a utility is entitled to a reasonable opportunity to earn a reasonable return on its used and useful invested capital in excess of its reasonable and necessary operating - expenses. The bases laid out in the PFD are insufficient, however, to conclude that the revenue requirement proposed in the NUS meets this standazd. The Commission further concludes that the approach taken in the PFD could be an incentive for parties in future proceedings to "bid-up" their proposed revenue requirement B. Purchased Capacity An electric utility may not recover demand or capacity costs as part of eligible -fuel expensess absent a fmding of special ciroumstances.9 The criteria the Commission must consider to determine whether special circumstances exist include "whether the fuel expense oi• .transaction giving rise to the ineligible fuel expense .resulted in, or is reasonably expected to result in, increased reliability of supply or lower fuel expenses than would otherwise be the case, and that such benefits received or expected to be received .by ratepayers exceed the costs that ratepayers otherwise would have paid or otherwise would reasonably expect to pay:'10 In the NUS, the signatories agreed that capacity costs associated with power purchased from third- parties would be treated as eligible fuel expense under P.U.C. SuasT. R. 25.236 or as Power Cost Recovery Factor under P.UC. SussT. R. 25.238 until the implementation date of the •rates contemplated in the 2009 rate case. The NUS also determined that all jurisdictional-sepazation-related MSS-4 purchases would be recovered through a contemporaneous surehazge and become reconcilable purchased power expenses under P.U.C. Sussr. R. 25.236 beginning with the date of implementation of rates resulting from the 2009 rate case.[[ " P.U.C. Sunsr. R 25.236(ax4). P.U.C. Suasr. R 25.236(ax~. io Id ~~ Motion for Implementation o£ Non-Unanimous Stipulation, Exhibit A, Non-Unanimous Stipulation at 4-5 (May 20, 2008). PUC Docket No. 34800 Order on Remand Page 5 of 12 SOAH Docket No. 473-08-0334 In the PFD, the ALJs recommended that the third-party capacity costs be treated as eligible fuel expense and found the NUS's treatment of the jurisdictional-sepazation- related MSS-4 purchases appropriate. The ALJs also found that "given that [Entergy] continues to transition to retail open access, allowing it to recover purchased power costs outside of base rates is reasonable and in the public interest ....."~Z The ALJs noted that "in granting a special exception, the Commission considers the benefits received by the ratepayers. In this case, if [Entergy] can purchase power and potentially lower its costs to customers, this would be a direct benefit to customers. Under the riders, a clear price signal would be sent to ratepayers because they would be paying the true cost of power and should realize cost savings through purchased power."13 P.U.C. SuaST. R. 25.236 does not condition recovery of capacity costs as eligible fuel expense generally on "benefits that would be received." Neither the benefits nor the costs that would result if purchased capacity costs were treated as eligible fuel expense were quantified in the PFD. In addition, there were no findings of fact that there would be increased reliability, lower fuel costs, or specific benefits as a result of such treatment as required by the fuel rule.14 That Entergy's ability to purchase powec has the potential to lower costs is insufficient. -The Commission finds that the treatment of third-parry purchase capacity costs and jurisdictional-separation related MSS-4 ptrchases in the NUS violates P.U.C. SuasT. R. 25.236 because special circumstances have not been shown to exist in order to grant an exception to that rule. C. Payment to Affiliates PURR § 36.058(b) allows the treatment of a payment to an affiliate as a capital cost or as an expense only to the exten! the Commission finds the payment "is reasonable and necessary for each item or class of items as determined by the commission." Such a determination by the Commission must include a specific finding of the reasonableness ~~ PFD at 37. "!d at 38. '~ P.U.C. Suesr. R. 25.236(ax6). PUC Docket No.34800 Order on Remand Page 6 of 12 SOAH Docket No. 473-08-0334 and necessity of each item or class of items.15 There must also be a Commission fording Utat the price to the utility is not higher than the prices chazged to the supplying affiliate's other affiliates or divisions, or to non-affiliated persons within the setae market area or having the same mazket conditions.tb If the Commission detemtines that an affiliate expense is unseasonable, it must determine the reasonable level of the expense and include that reasonable level of the expense when determining the utiliry's cost of service.t~ Entergy's original application in this docket included testimony that the utility's adjusted affiliate expenses in Texas for the test yeaz totaled approximately. $88.3 million.tg While the NUS does not stipulate to any discrete amount of recoverable affiliate expenses, a review of the agreed-upon reductions from Entergy's original application leads to the conclusion that at least $34 million of affiliate expenses must remain in the NUS's "black box" revenue requirement. In spite of the inclusion of affiliate expenses'in the NUS, the PFD does not include any of the findings mandated in PURR § 36.058(6)-(c). Furthermore, the evidentiary record, as presented in the PFD, is not sufficient for the Commission to make its own determination of what were reasonable levels of affiliate expenses pursuant to ~i PURA § 36.058(f). Consequently, no amount of affiliate expenses may be included in ~ the NUS and, because the Commission concludes that some minimal amount must be included in the NUS, the Commission concludes that the NUS violates PURR and that it cannot adopt the PFD. D. Competitive Service Generation Tariff PURR § 39.452(6) requires Entergy to propose a competitive generation (CGS) -tariff to allow eligible customers the ability to contract for competitive generation and further requires that the Commission must either approve, reject, or modify the proposed 16 PURR § 36.058(c)(1). is ld § 36.058(cx2). 's Direct Testimony of Donald W: Peters, EGS[ Ex. 62 at DWP-5 at 9. PUC Docket No. 34800 ~ Order on Remand Page 7 of 12 SOAH Docket No. 473-08-0334 CGS tariff: Entergy proposed a CGS tariff as part of its original rate-change filing. In the NUS, the signatories agreed to address the CGS tariff in the 2009 rate case and withdrew the proposed tariff: The ALJs found that Entergy did not violate PURR § 39.452(b) when it withdrew its proposed CGS tariff and they imply that the lack of a CGS tariff is inconsequential because Entergy "will not be transitioning to competition as part ofthis proceeding.s19 The Commission disagrees with the ALJs and concludes that the withdrawal of the CGS tariff violates PURA § 39.452: The CGS taziff is not an optional feature of Entergy's chapter 36 rate filing grid the withdrawal prevents the Commission from meeting its statutory obligation. Further, the requirement to file a CGS tariff is not conditioned upon Entergy transitioning to competition. E. Municipal Franchise Fee Rider ,PURR § 39.456 allows franchise-fee riders for incremental franchise fees paid to a municipality only upon the adoption of a new franchise agreement. The NUS proposes to collect franchise fees cuaently collected in a rider and prospective franchise fees through a municipal franchise-fee rider. Reasoning that Commission Staff also proposed the recovery of municipal franchise fees in the same manner, the ALJs approved this rider for current and prospective franchise fees. The Commission rejects this fmding, and determines that current franchise fees aze not incremerua! and should be recovered through base rates. Further, there is no present need to recover prospective franchise fees, as they are properly recovered through a future rider application. Therefore, the franchise fee rider proposed in the NUS violates PURR § 39.456. F. Energy Efficiency Cost Recovery Factor The NUS includes anenergy-efficiency cost-recovery-factor rider (EECRF) to recover energy-efficiency costs in accordance with PURA. The rates in the EECRF would become effective with base rates resulting from this proceeding and are based on projected energy-efficiency costs for the 2008 calendaz yeaz. The NUS also calls for 19 PFD at 7. PUC Docket No. 34800 Order an Remand Page 8 of 12 SOAH Docket No. 473-08-0334 recovering uncollected expenses associated with revenues billed under the EEC1tF by increasing base rates. The ALJs held that the proposed EECRF is in accordance with P.U.C. SussT. R..25.181, and that there were no other differences among the parties related to the EECRF. The Commission finds that recovering uncollected expenses associated with revenues billed under the EECRF by increasing base rates is in conflict with P.U.C. SuesT. R. 25.181(fx2), which prohibits setting base rates to recover energy- efficiency costs. Such recovery also disregards P.U.C. SUBST. R 25.181(f)(4), which provides for an annual adjustment of the EECRF to "minimize any over or under collectioti of energy efficiency wst resulting from the use of the EECRF."20 G. Public Interest When considering whether a NUS is in the public interest, the Commission is required to consider the interest of those customers represented by parties opposed to the stipulation.Zt There are no detailed findings of fact on this point and the Commission therefore finds that the NUS fails the public-interest criterion identified in City of El Paso. A prominent example is provided by the revenue-requirement allocations assigned to various customer classes under the NUS. These allocations appeaz to violate, without sufficient justification, the general principle that rates should reflect cost causation. They also appear to have resulted from an attempt by Entergy to entice certain customer groups to join in supporting the NUS by disadvantaging other customer groups that were excluded From negotiations at a critical time preceding the announcement of the NUS. Specifically, Commission Staff submitted calculations showing that Entergy's originally proposed revenue-requirement allocation was considerably more favorable to the Lazge Industrial Power Service (LIPS) class than was the allocation under the NUS, and that EGSI's originally proposed allocation was less favorable to the residential class than was the NUS allocation.ZZ Importantly, whereas Entergy's original proposal established customer-class revenue requirements {and hence rates) based on a 2007 cost- m P.U.C. Suassr. R. 25.181(f)(4). Z~ 883 S.W.2d at 183. ~ Staff Ex. 14B, Attachment A, "Attachment RVM 2-I-Revised" at 6. PUC Docket No. 34800 Order an Remand Page 9 of 12 SOAH Docket No. 473-08-0334 of-service study, the NUS set such revenue requirements lazgely on the basis of Entergy's current class allocations, which aze based on a 1995 cost-of-service study. In light of these considerations, this shift in class revenue assignments supports the view that the NUS was structured so as to appeal to representatives of small-load customers at the expense of lazge industrial customers. The process underlying the NUS and its resulting revenue-requirement allocations are incompatible with the even handedness required to serve the public interest. Tn particular, the interests of non-signing parties appear to have been given insufficient regazd. Accordingly, the Commission is unable to conclude that the NUS is in the public interest, including the interests of those opposed to the stipulation, as required by City of El Paso. III. Commission Poficy.and Precedent The Commission finds agreements embedded in the NUS that improperly set Commission policy or conflict with Commission precedent. These matters are discussed with more specificity below. Generally, such matters were.posited in the NUS so that the Commission did not have the discretion to address them on an individual basis as these issues were part of the overall NUS. Commission policy should not be established and Commission precedent should not be disregarded in such a mammer. A. Financial Based Incentives The PFD is silent on the issue of financial-based incentive compensation. The Commission has a well established policy of disallowing recovery of such compensation from rate payers.24 Commission Staff identified $34,445,100 in incentive-compensation vests that they azgued should be disallowed. Without findings of fact indicating that financial-based incentive compensation was not included in the NUS revenue requirement, the Commission finds that it could be interpreted as the Commission's tacit '' Staff Ex. 14A, Revised Direct Testimony of Robert V. Manning-NUS Phase at 3 and 5. Z~ See Application oJAEP Texas Central Company jor Authority to Change Rates, PUC Docket No. 28840, Final lhder at 35 (Aug. I5, 2005); Application ojAEP Texas Central Comparry for Authortry to Change Rares, PUC Docket No. 33309, Order on Rehearing at 12 (Mar. 4, 2008). PUC Docket No. 34800 Order on Remand Page t0 of 12 SOAH Docket No. 473-OS-0334 approval of such casts in conflict with the Commission's long-standing policy of disallowing them. B. Jurisdictional Allocation As part of its originally filed case in this docket, Entergy proposed that transmission costs be allocated using a sites-based method rather than based on load shaze as it has historically done. The ALJs found that Entergy's sites-based proposal for transmission cost allocation was reasonable given Entergy's unique situation of moving towazd retail operi access, including certifying a qualified power region, and that the sites-based allocation method has been implemented. by the other Entergy operating companies.ZS TIEC and the State of Texas claim that the silos-based allocation results in a shift of $17.2 million in revenue requirement to Texas retail customers.26 A change in the way EGSI's transmission costs aze allocated is a policy decision that should be-made by the Commission upon reasoned consideration of the facts and circumstances that necessitate such a change. Because the NUS sets a "black box" revenue requirement for Texas, the jurisdictional allocation of Entergy's transmission costs is irrelevant to the agreed-upon revenue requirement. In addition, Entergy's jurisdictional separation occurred on December 31; 2007, outside of the test yeaz for this docket. There has been no showing why this single aspect of the jurisdictional separation should be decided at -this. time. Without detailed analysis and findings of fact, the Commission finds it is inappropriate.to. change Entergy's transmission cost allocation method as part of this case. C. Creation of a Regulatory Asset for Carreot O&M expenses The Commission finds that the NUS provision creating a regulatory asset, through which Entergy would defer annually $5 million of transmission and distribution operating and maintenance (O&M) expense until EGSI's 2009 rate case,'is inconsistent with sound public policy. The Commission acknowledges that there maybe facts and circumstances ss PFD az 10. zs TlEC and State's Initial Brief on the Merits at 21 (July 25, 2008). PUC Docket No. 34800 Order on Remand Page l l of 12 SOAH Docket No. 473-OS-0334 that would justify such an action. The NUS signatories have not, however, offered a valid reason for collecting current O&M expenses via a regulatory asset, the return on which would be captured from future ratepayers. Creating such a temporal shift in cost responsibility simply to create a NUS is not an .acceptable reason for violating the principle of reflecting cost causation in rates. A closely related objection is that allowing the recovery of current vests from future ratepayers is inequitable. Accordingly, the Commission finds this provision to be contrary to the public interest. D. Use of Roagh Production Cost_Egnalization Credits The NUS uses rough production cost equalization credits (RPCEs) to offset base- rate increases over atwo-yeaz period. However, the Commission has never explicitly addressed the proper treatment of 1tPCEs, the primary nexus of which aze fuel costs within the Entergy system. While the 2007 12PCEs were applied to Entergy's fuel balance, this occurred as a result of a settled case in which no Commission precedent was set concerning this question.27_ It is cleaz that the treatment of the RPCEs in the case was primarily to advantage certain customer classes that signed on to the NUS to the disadvantage of others that did not. The Commission concludes that this NUS is not the appropriate procedural vehicle to set policy regarding the proper treatment of 1tPCEs. E. Additional Rate Case The NUS provides that Entergy Texas, Inc. will file another rate case by the end of 2009. For Entetgy Texas to have a successor rate case so soon will oblige parties to this process to incur additional expense and expend additional resources in a compressed time frame without adequate justification.. Further, it would unnecessarily impose additional rate-case expenses upon rate payers. nApplication of Entergy culj States, lnc. to'JmpJement an Interim Fue! Refund, Docket No. 34953 (Feb: 28, 2008). -. PUC Docket No. 34800 SOAR Docket No. 473.08-0334 Order on Remand IV. Conclusion Page 12 0[ 12 For the reasons discussed in this Order,-the Commission concludes that the NUS does not comport with the standards applicable to an NUS and cannot, therefore be approved. Accordingly, the Commission rejects the PFD and remands this matter to the State Office of Administrative Hearings far a hearing on Entergy's original filing. As detailed above, the Commission requests that the ALJs set this matter for hearing, with the objective of returning a PFD for final action by the Commission before Mazch 2, 2009. SIGNED AT AUSTIIV, TEXAS the / ~ day of November 20Q 8 PUBLIC UTILTTY COMbIISSION OF TEXAS B T. SMITHERMAN, CHAIRMAN ~~ ~yL~~= /' COMMISSIONER TH W. ANDERSON SSIONER Q:/CADM/ORDERS/INTERIM/34000/34800Remand.docx EXHIBIT "C" WILL BE DISCUSSED AT THE COUNCIL MEETING