HomeMy WebLinkAbout09262018 City Council Laydown - RCA Transco Update FINALAlaska Railbelt Transco
A Progress Report by the Railbelt Utilities
Regulatory Commission of Alaska Public Meeting
September 26, 2018
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Progress Since Last Update
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Critical Decision Factors
Final analysis of additional benefits vs costs of a Transco formation based on recent pooling progress, including size and incremental cost of the new organization;
The economic impact from changes in transmission rates and the overall impact on the cost of energy;
Assurance that Transco formation continues to meet its obligations to serve consumers through clear reliability and planning standards and reasonable rates;
Regulatory certainty, including the recovery of prudently incurred costs, based upon the adopted standards, and the ability to meet long-term financial obligations;
A governance structure that ensures the Railbelt’s transmission network will be operated and maintained economically and effectively to meet the needs of present and future consumers;
Ownership and capital structure to maintain majority Railbelt ownership to ensure local control and governance;
Integration with potential establishment of a Railbelt Reliability Council and other Railbelt optimization measures.
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Timeline
May – September, 2018: Monthly Railbelt Utility Manager (RUM) discussions to negotiate and finalize key Transco Elements resulting in tentative agreements
September – October, 2018: Proposed terms presented to Railbelt Utility boards/governing bodies
ML&P – no board decision required at this time
HEA – September 11
GVEA – September 24
Chugach – September 27
SES – work session on September 25, potential decision on October 8
MEA – October 8
Q4 2018: Report to RCA on utility decisions
Q4 2018: Finalize CPCN and/or final report to RCA
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Alaska Railbelt Transco
A Progress Report by the Railbelt Utilities
Regulatory Commission of Alaska Public Meeting
September 26, 2018
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