CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION FERC ELECTRIC TARIFF FOURTH REPLACEMENT VOLuME NO. II Original Sheet No. 1192A Part 0 - Information Reauirements Budget Schedule The CAISO will convene, prior to the commencement of the annual budget process, an initial meeting with stakeholders to: (a) receive ideas to control CAISO costs; (b) receive ideas for projects to be considered in the capital budget development process; and, (c) receive suggestions for reordering CAISO priorities in the coming year. Within two (2) weeks of the initial meeting, the ideas presented by the stakeholders shall be communicated in writing to the CAISO's officers, directors and managers as part of the budget development process, and a copy of this communication shall be made available to stakeholders. Subsequent to the initial submission of the draft budget to the finance committee of the CAISO Governing Board, the CAISO wil provide stakeholders with the following information: (a) proposed capital budget with indicative projects for the next subsequent calendar year, a budget-to-actual review for capital expenditures for the previous calendar year, and a budget-to-actual review of current year capital costs; and, (b) expenditures and activities in detail for the next subsequent calendar year (in the form of a draft of the budget book for the CAISO Governing Board), budget-to-actual review of expenditures and activities for the previous calendar year, and a budget-to-actual review of expenditures for the current year. Certain of this detailed information which is deemed commercially sensitive wil only be made available to parties that pay the CAISO's GMC (or regulators) who execute a confidentiality agreement. The CAISO shall provide such materials on a timely basis to provide stakeholders at least one full committee meeting cycle to review and prepare comments on the draft annual budget to the finance committee of the CAISO Governing Board. Issued by: Charles A. King, PE, Vice President of Market Development and Program Management Issued on: February 20,2008 Effective:
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Budget Schedule - California ISOETS: This factor is the allocation of costs to the Energy Transmission Services Net Energy Charge and Energy Transmission Services - Uninstructed Deviations
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CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATIONFERC ELECTRIC TARIFFFOURTH REPLACEMENT VOLuME NO. II Original Sheet No. 1192A
Part 0 - Information Reauirements
Budget Schedule
The CAISO will convene, prior to the commencement of the annual budget process, an initial meetingwith stakeholders to: (a) receive ideas to control CAISO costs; (b) receive ideas for projects to beconsidered in the capital budget development process; and, (c) receive suggestions for reordering CAISOpriorities in the coming year.
Within two (2) weeks of the initial meeting, the ideas presented by the stakeholders shall becommunicated in writing to the CAISO's officers, directors and managers as part of the budgetdevelopment process, and a copy of this communication shall be made available to stakeholders.
Subsequent to the initial submission of the draft budget to the finance committee of the CAISO GoverningBoard, the CAISO wil provide stakeholders with the following information: (a) proposed capital budgetwith indicative projects for the next subsequent calendar year, a budget-to-actual review for capitalexpenditures for the previous calendar year, and a budget-to-actual review of current year capital costs;and, (b) expenditures and activities in detail for the next subsequent calendar year (in the form of a draftof the budget book for the CAISO Governing Board), budget-to-actual review of expenditures andactivities for the previous calendar year, and a budget-to-actual review of expenditures for the currentyear. Certain of this detailed information which is deemed commercially sensitive wil only be madeavailable to parties that pay the CAISO's GMC (or regulators) who execute a confidentiality agreement.
The CAISO shall provide such materials on a timely basis to provide stakeholders at least one fullcommittee meeting cycle to review and prepare comments on the draft annual budget to the financecommittee of the CAISO Governing Board.
Issued by: Charles A. King, PE, Vice President of Market Development and Program ManagementIssued on: February 20,2008 Effective:
CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATIONFERC ELECTRIC TARIFFFOURTH REPLACEMENT VOLUME NO. II
First Revised Sheet No. 1193Superseding Original Sheet No. 1193
At least one month prior to the CAISO Governing Board meeting scheduled to consider approval of theproposed budget, the CAISO will hold a meeting open to all stakeholders to discuss the details of theCAISO's budget and revenue requirement for the forthcoming year. To the extent that such a meetingwill deal with complex matters of budgetary and policy import, the CAISO wil endeavor to host aworkshop on the CAISO's budget preparation process in advance of the meeting to better preparestakeholders.
Prior to a final recommendation by the finance committee of the CAISO Governing Board on the CAISO'sdraft annual budget, the CAISO shall respond in writing to all written comments on the draft annualbudget submitted by stakeholders and/or the CAISO shall issue a revised draft budget indicating in detailthe manner in which the stakeholders' comments have been taken into consideration.
The CAISO will provide no fewer than forty-five (45) days for stakeholder review of its annual budgetbetween initial budget posting and final approval of the budget by the CAISO Governing Board.
Budget Posting
After the approval of the annual budget by the CAISO Governing Board, the CAISO wil post on theCAISO Website the CAISO operating and capital budget to be effective during the subsequent fiscal year,and the biling determinant volumes used to develop the rate for each component of the GridManagement Charge, together with workpapers showing the calculation of such rates.
Annual Filng
If the Grid Management Charge revenue requirement for any Budget Year does not exceed $197 millon,the CAISO shall not be required to make a Section 205 filng to adjust the GMC charges calculated inaccordance with this Schedule 1 to collect such revenue requirement. In order for the CAISO to adjustthe GMC charges to collect a Grid Management Charge revenue requirement for a Budget Year thatexceeds $197 milion, the CAISO must submit an application to the FERC under FPA Section 205. In anyevent, the CAISO shall submit a filng under FPA Section 205 for approval of the Grid ManagementCharge to be effective no later than January 1, 2010. In such filng, the CAISO may revise the GridManagement Charge rates set forth in this Schedule 1, but shall not be required to do so.
Periodic Financial Reports
The CAISO wil create periodic financial reports consisting of an income statement, balance sheet,statement of operating reserves, and such other reports as are required by the CAISO Governing Board.The periodic financial reports wil be posted on the CAISO Website not less than quarterly.
Issued by: Charles A. King, PE, Vice President of Market Development and Program ManagementIssued on: February 20, 2008 . Effective:
CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATIONFERC ELECTRIC TARIFFFOURTH REPLACEMENT VOLUME NO. II
First Revised Sheet No. 1194Superseding Original Sheet No. 1194
Part E - Cost Allocation
1. The Grid Management Charge revenue requirement, determined in accordance with Part C ofthis Schedule 1, shall be allocated to the service charges specified in Part A of this Schedule 1 asfollows, subject to Section 2 of this Part E and to Part F of this Schedule 1. Expenses projected to berecorded in each cost center shall be allocated among the charges in accordance with the allocationfactors listed in Table 1 to this Schedule 1, subject to Section 2 of this Part E and to Part F of thisSchedule 1. In the event the CAISO budgets for projected expenditures for cost centers are notspecified in Table 1 to Schedule 1, such expenditures shall be allocated based on the allocationfactors for the respective CAISO division hosting that newly-created cost center. Such divisionalallocation factors are specified in Table 1 to this Schedule 1.
Debt service expenditures for the CAISO's existing bond offerings shall be allocated among thecharges in accordance with the allocation factors listed in Table 1 to this Schedule 1, subject toSection 2 of this Part E and to Part F of this Schedule 1. Capital expenditures shall be allocatedamong the charges in accordance with the allocation factors listed in Table 2 to this Schedule 1,subject to Section 2 of this Part E and to Part F of this Schedule 1, for the system for which the capitalexpenditure is projected to be made.
Any costs allocated by the factors listed in Table 1 and Table 2 to the Settlements, Metering, andClient Relations Charge category that would remain un-recovered after the assessment of the chargefor that service specified in Section 8 of Part A of this Schedule 1 on forecasted biling determinantvolumes shall be reallocated to the remaining GMC service categories in the ratios set forth in Table3 to this Schedule 1.
The cost allocation factors in Tables 1, 2, and 3 to this Schedule 1 include the followingassociation of factors to the components of the Grid Management Charge, subject to Part F of thisSchedule 1:
CRS: This factor is the allocation of costs to the Core Reliabilty Services -Demand Charge and Core Reliabilty Services - Energy Exports Charge.
ETS: This factor is the allocation of costs to the Energy Transmission Services -Net Energy Charge and Energy Transmission Services - Uninstructed DeviationsCharge, subject to Section 2 of this Part E.
CRS/ETS TOR: This factor is the allocation of costs to Core ReliabiliyServices/Energy Transmission Services - Transmission Ownership RightsCharge for the assessment of the Core Reliabiliy Services - Demand Charge,Core Reliability Services - Energy Exports Charge, and the Energy TransmissionServices - Net Energy Charge to Metered Balancing Authority Area Load servedover Transmission Ownership Rights.
FS: This factor is the allocation of costs to the Forward Scheduling Charge.
MU: This factor is the allocation of costs to the Market Usage Charge, except forthe application of the Market Usage Charge to purchases or sales of Energy inthe Day-Ahead Market.
MU-FE: This factor is the allocation of costs to the Market Usage Charge asapplied to net purchases or sales of Energy in the Day-Ahead Market.
SMCR: This factor is the allocation of costs to the Settlements, Metering, andClient Relations Charge.
Issued by: Charles A. King, PE, Vice President of Market Development and Program ManagementIssued on: February 20, 2008 Effective:
CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATIONFERC ELECTRIC TARIFFFOURTH REPLACEMENT VOLUME NO. II Original Sheet No. 1194A
2. The allocation of costs in accordance with Section 1 and Tables 1 and 2 of this Part E shall beadjusted as follows:
Costs allocated to the Energy Transmission Services (ETS) category in the following tables arefurther apportioned to the Energy Transmission Services - Net Energy Charge and EnergyTransmission Services - Uninstructed Deviations Charge subcategories in eighty percent (80%) andtwenty percent (20%) ratios, respectively.
Issued by: Charles A. King, PE, Vice President of Market Development and Program ManagementIssued on: February 20, 2008 Effective:
CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATIONFERC ELECTRIC TARIFFFOURTH REPLACEMENT VOLUME NO. II
First Revised Sheet No. 1195Superseding Original Sheet No. 1195
Table 1
O&M. Debt Service. and Other Expense Recoveries Cost Allocation Factors
Consistent with a Settlement Agreement accepted by the FERC in. Docket Nos. ER04-115-000, etaI., GMC rates and charges shall be calculated consistent with the following additional requirements:
1. The Forward Scheduling Charge assessed against Inter-SC Trades submitted by PacificGas and Electric Company solely in its role as Path 15 faciltator wil be reduced by excluding sixty-fivepercent (65%) of the number of such Inter-SC Trades from the Forward Scheduling Charge. Suchexcluded Inter-SC Trades shall not be incluçled in the denominator upon which the Forward SchedulingCharge is calculated.
Issued by: Charles A. King, PE, Vice President of Market Development and Program ManagementIssued on: February 20,2008 Effective: