[Federal Register Volume 64, Number 26 (Tuesday, February 9, 1999)]
[Notices]
[Pages 6341-6342]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-3113]
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DEPARTMENT OF ENERGY
Southeastern Power Administration
Proposed Rate Extension, Public Forum, and Opportunities for
Public Review and Comment for Cumberland System of Projects
AGENCY: Southeastern Power Administration, DOE.
ACTION: Notice of proposed rates.
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SUMMARY: Southeastern Power Administration (Southeastern) proposes to
replace Rate Schedules SJ-1, CBR-1-C, CSI-1-C, CK-1-C, CC-1-D, CM-1-C,
CEK-1-C, and CTV-1-C applicable to the sale of power from the
Cumberland System of Projects and seeks approval of Rate Schedules SJ-
1-A, CBR-1-D, CSI-1-D, CK-1-D, CC-1-E, CM-1-D, CEK-1-D, and CTV-1-D.
The new rate schedules are to be effective for a 5-year period, July 1,
1999, through July 30, 2004. Additionally, opportunities will be
available for interested persons to review the present rates, the
proposed rates and supporting studies, to participate in a forum and to
submit written comments. Southeastern will evaluate all comments
received in this process.
DATES: Written comments are due on or before May 10, 1999. A public
information and comment forum will be held in Nashville, Tennessee on
March 16, 1999. Persons desiring to speak at a forum should notify
Southeastern at least three days before the forum is scheduled, so that
a list of forum participants can be prepared. Others may speak if time
permits.
ADDRESSES: Five copies of written comments should be submitted to:
Administrator, Southeastern Power Administration, Department of Energy,
Samuel Elbert Building, 2 South Public Square, Elberton, Georgia,
30635. The public information and comment forum will begin at 10:00 A.
M. (local Nashville time) on March 16, 1999 at the Clubhouse Inn/
Conference Center, 920 Broadway, Nashville, Tennessee, 37203, Phone
(615) 244-0150.
FOR FURTHER INFORMATION CONTACT: Leon Jourolmon, Assistant
Administrator, Finance and Marketing, Southeastern Power
Administration, Department of Energy, Samuel Elbert Building, 2 South
Public Square, Elberton, Georgia, 30635, (706) 213-3800.
SUPPLEMENTARY INFORMATION: The Federal Energy Regulatory Commission
(FERC) by orders issued December 14, 1994, in Docket No. EF94-3021-000,
and August 11, 1997, in Docket No. EF97-3021-000, confirmed and
approved Wholesale Power Rate Schedules SJ-1, CBR-1-C, CSI-1-C, CK-1-C,
CC-1-D, CM-1-C, CEK-1-C, and CTV-1-C applicable to Cumberland System
power for a period ending June 30, 1999.
Discussion: Existing rate schedules are predicated upon a June 1994
repayment study and other supporting data contained in FERC Docket No.
EF94-3021-000 and upon an October 1997 repayment study and other
supporting data contained in FERC Docket No. EF97-3021-000. The current
repayment study dated January 1999 shows that existing rates are not
adequate to recover all costs required by present repayment criteria.
A revised repayment study with a revenue increase of $2,272,000
over the current repayment study demonstrates that rates would be
adequate to meet repayment criteria. The additional revenue requirement
amounts to a 6 per cent increase in revenues and is due to anticipated
increased transmission costs Southeastern pays to Tennessee Valley
Authority. The study includes retirement and pension benefit costs not
previously recovered. It is proposed that the revised rate schedules
contain the following unit rates:
Cumberland System Rates
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TVA Rate Schedule:
Capacity........................... $1.434 per kw/month
Additional Energy.................. 8.631 mills per kwh
Outside Preference Customers Rate
Schedule (Excluding Customers served
through Carolina Power & Light
Company):
Capacity........................... $2.900 per kw/month
Additional Energy.................. 8.631 mills per kwh
Customers Served through Carolina Power
& Light Company, Western Division:
Capacity........................... $3.301 per kw/month
Transmission....................... $1.2828 per kw/month
Monongahela Power Company Energy....... The lower of 34.2 mills or
Monongahela Power Company's
avoided cost.
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[[Page 6342]]
The referenced repayment studies are available for examination at
the Samuel Elbert Building, 2 South Public Square, Elberton, Georgia
30635. Proposed Rate Schedules SJ-1-A, CBR-1-D, CSI-1-D, CK-1-D, CC-1-
E, CM-1-D, CEK-1-D, and CTV-1-D are also available.
Dated: January 29, 1999.
Charles A. Borchardt,
Administrator.
[FR Doc. 99-3113 Filed 2-8-99; 8:45 am]
BILLING CODE 6450-01-P