Title
Resolution - Approval to Amend Tariff and Business Rules - Annual Interconnect Rate Update - W Symank/D Thompson
Other Info
Submitted By: Wes Symank/David Thompson
Department: Markets
Financial Impact and Cost/Benefit Considerations: Expenditure of Cooperative funds is not anticipated to be impacted; expenditures of staff time is not anticipated to be impacted.
Discussion
The Cooperative’s Rate Policy requires a Cost-of-Service Study to be conducted at regular intervals to guide rate design and as an input to the Rate Plan. The Rate Plan defines how the Cooperative anticipates recovering its costs from members for services provided during the upcoming year. The proposed 2024 Rate Plan references review of the Sustainable Power Credit - Interconnect Rate.
As a component of the Interconnect Rate, the Sustainable Power Credit is designed to pay solar members for their excess power at the market value of power plus any system benefit. The Sustainable Power Credit is updated annually to ensure that this credit that compensates Members, with an active interconnect agreement and not on the Interconnect Wholesale Energy Rate, for received energy, closely aligns with the benefit to the Cooperative. After review, the recommendation is to adjust the Tariff and Business Rules (the “Tariff”) as to “Sustainable Power Credit” Section 500.1.12 by increasing the Sustainable Power Credit from: - $0.060005 to - $0.069554 per kWh.
Tariff amendment and effective date is shown below:
• Sustainable Power Credit, Section 500.1.12 - Effective for all bills issued on and after March 1, 2024
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative approves the amendments to the Tariff and Business Rules as attached hereto with such changes, if any, as were approved by the Board, to become effective upon Board approval, unless otherwise specified in the Tariff and Business Rules; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.