Minutes of the Annual Meeting of the Power - New York Power ...

Rate Year
Demand Rate
$/kW-month
Energy Rate
$/MW-hour
Effective Rate
(based on 70% load %
factor customer) Increase
$/MW-hour
2007 2.73 4.92 10.26 7.1
2008 3.03 4.92 10.85 5.8
The Rate Modification Plan included a CoS study which set out the calculations
supporting the proposed rates and explained the additional costs of production of
hydroelectricity at the Hydro Projects. These costs include: (1) the Authority’s
capital costs including upgrades and life extension and modernization costs at
both Hydro Projects, but primarily at the Niagara Project; (2) the Authority’s costs
related to Federal Energy Regulatory Commission (“FERC”) relicensing for the
Hydro Projects; (3) Operation and maintenance (“O&M”) costs for the Hydro
Projects; and (4) indirect overhead costs.
B. Public Comment Period
Written notice and a copy of the Rate Modification Plan were mailed to all
affected customers on February 5, 2007. The written notice also stated that
customers could contact the Authority for further information or for answers to
questions concerning the rate proposal or to meet with staff to discuss details of
the proposal, and finally, the notice informed customers of a Public Forum on the
proposed rulemaking to be held on March 22, 2007 at the Authority’s offices in
Albany, New York. Notice of the proposed rulemaking was published in the New
York State Register on February 14, 2007. Such notice also announced the date
and location of the Public Forum for the purpose of obtaining the views of
interested persons. Finally, the State Register notice established an April 2,
2007 deadline to submit written comments on the proposed rulemaking. 1
1
The April 2 nd deadline was in accordance with the 45-day comment period required by the New
York State Administrative Procedure Act.
3