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

NEW YORK POWER AUTHORITY
HYDROELECTRIC PROJECTS
PROPOSED PRODUCTION COST OF SERVICE
($000)
Exhibit A
Page 1 of 2
Difference
(Per 2003 2007
Line Description CoS) 2007 2008 vs
2006 2006 *
Operations & Maintenance/Administrative & General
1 Operations & Maintenance/A&G 64,457 57,931 61,941 (6,526.5)
2 Amortized Roadwork 4,617 3,830 2,983 (787)
3 Subtotal O&M/A&G 69,074 61,760 64,924 (7,313.7)
(line 1 + line 2)
Indirect Overheads
5 Shared Services 36,229 42,630 41,329 6,401.4
6 Research & Development 4,417 3,682 3,780 (734.5)
7 Project Study Debt Service 2,012 1,497 846 (514.7)
8 White Plains Office Debt Service 4,305 3,454 2,874 (851)
9 Subtotal Indirect Overheads 46,963 51,264 48,828 4,300.8
(sum lines 5-8)
10 St. Law. Relicensing, amortization 2,000 2,000 2,000 0.0
11 Niagara Relicensing, amortization - 12,000 12,000 12,000.0
12 Other Post-Employment Benefits (OPEB) 11,234 12,852 13,608 1,618.0
13 O&M Cost of Service 129,271 139,876 141,360 10,605.1
(sum lines 3,9,10,11,12)
Capital Costs
14 Total Depreciation 31,432 32,522 35,350 1,090.4
15 Interest on debt 19,871 15,333 21,453 (4,538.1)
16 Inflation Compensation 17,896 20,641 21,521 2,744.9
17 Subtotal Capital Costs 69,199 68,496 78,324 (702.8)
(sum lines 14-16)
18 Total Cost of Service 198,470 208,372 219,685 9,902.3
(line 13 + 17)
* 2006 data is from the 2003 CoS and was based on data and projections available at that time.