Authority's Annual Budget, As Reflected in the Rates and Charges in the Tariff for Electric...
NY-ADR
9/12/18 N.Y. St. Reg. LPA-37-18-00010-P
NEW YORK STATE REGISTER
VOLUME XL, ISSUE 37
September 12, 2018
RULE MAKING ACTIVITIES
LONG ISLAND POWER AUTHORITY
PROPOSED RULE MAKING
HEARING(S) SCHEDULED
I.D No. LPA-37-18-00010-P
Authority's Annual Budget, As Reflected in the Rates and Charges in the Tariff for Electric Service
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
Amendment of Authority's Tariff for Electric Service.
Statutory authority:
Public Authorities Law, section 1020-f(u) and (z)
Subject:
Authority's annual budget, as reflected in the rates and charges in the Tariff for Electric Service.
Purpose:
To update the Tariff to implement the Authority's annual budget and corresponding rate adjustments.
Public hearing(s) will be held at:
10:00 a.m., Nov. 16, 2018 at H. Lee Dennison Bldg., 100 Veterans Memorial Hwy., Hauppauge, NY; and 2:00 p.m., Nov. 16, 2018 at Long Island Power Authority, 333 Earle Ovington Blvd., Uniondale, NY.
Interpreter Service:
Interpreter services will be made available to hearing impaired persons, at no charge, upon written request submitted within reasonable time prior to the scheduled public hearing. The written request must be addressed to the agency representative designated in the paragraph below.
Accessibility:
All public hearings have been scheduled at places reasonably accessible to persons with a mobility impairment.
Substance of proposed rule:
The Long Island Power Authority (the “Authority”) proposes to modify its Tariff for Electric Service (the “Tariff”) effective January 1, 2019 (1) to implement rate adjustments as determined through the Authority’s annual budget process and (2) to improve the methodology for estimating the forward-looking component of the Revenue Decoupling Mechanism (RDM).
Annual Budget and Rate Update. Authority Staff proposes to modify the Tariff for Electric Service to implement rate adjustments as determined through the Authority’s annual budget process. Consistent with the Authority’s annual budget process, a proposed budget will be published in early November, 2018, in advance of the budget workshop for the Authority’s Board, which will be held on November 14th, and public comment hearings, which will be held in Nassau and Suffolk counties on November 16th. The resulting rate adjustments will increase the annual aggregate delivery revenues of the authority by an amount not to exceed two and one-half percent and will be effectuated through a pro rata increase to all Service Classifications.
Revenue Decoupling Mechanism. The RDM includes a forward-looking component, which is not needed in any year in which an updated sales forecast is used to calculate base rates. Use of the forward-looking component in such a year could result in greater than necessary RDM revenue collection. For this reason, the Authority proposes that the RDM be modified such that the forward-looking component may be suspended in any year in which an updated sales forecast is used to calculate base rates.
Text of proposed rule and any required statements and analyses may be obtained from:
Justin Bell, Long Island Power Authority, 333 Earle Ovington Blvd., Suite 403, Uniondale, NY 11553, (516) 719-9886, email: [email protected]
Data, views or arguments may be submitted to:
Same as above.
Public comment will be received until:
Five days after the last scheduled public hearing.
Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement
Statements and analyses are not submitted with this notice because the amended rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
| End of Document |