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87-1734 MHIT� Ci �' CLERK COUIIC11 P,INK M' FI ANCE CANRRV - D ARTMENT GITY OF SAINT PAUL BLU E - M OR File N O• �� / �� o cil ol i Presented y � R ferred To Committee: Date 0 t of Committee By Date j WHEREAS, the City of Saint P ul has granted, in Ordinance o. 16947 , as amended, a franchis to use the public streets and ays to deliver hot water within aint �aul to District Heating evelopment Company (DHDC) , doing business as District Energy t. Paul, Inc. , a Minnesota non-p ofit corporation; and WHEREAS, on July 17, 1987, D strict Energy filed with the ity Clerk a notice of its intent to amend hot water rates on eptember 18, 1987 and filed an a plication for interim rates hich went into effect on October 1, 1987 ; and WHEREAS, such rates are ther by effective on an interim basis ending City Council approval, wh ch approval requires a public earing; and WHEREAS, evidence has been p esented to the City Council �hat: l. District Energy proposes the following chanqes: a. The demand charge chanq s from $3 . 04 per kilowatt of contract demand per mon h to $3 . 14/kua/month, a rate increase of about 3� ; b. The energy charge chang s from $10 . 68 per rnegawatt '� hour to $10 . 46 MWh, a ecrease of about 2� ; c . The new single rates s t at $0 . 326 per kilowatt hour, an effective increase f about 1 . 30 over the former two-part rate. d. District Energy propos s that future energy charge surnluses or deficits ay be refunded or assessed during, as well as aft r, the fiscal year in which they are accrued. C NCILMEN Yeas D eW Nays Requested by Department of: N cosia [n Favor R ttman r S heibel _ __ Against B �`�"-" nnen '� W ida W 180ri Form A proved by City Attorney Adopted y Council: Date , Certified assed by Council Secretary By � Z�— By Approved by Mayor: Date _ Approved by Mayor for Submission to Council BY - — — BY �,/j '�`�/ �,� � Page 2 . . District Energy' s projected udget indicates that normal inflationary increases in op rating costs is the reason for the increase in the demand c arge. These are offset by decreases in plant maintenan e and capital expenditures, and by a negative change in work' ng capital. The recently- approved incentive rate is n t expected to have a significant impact on the demand charge ate. . Reevaluations of individual ustomers ' contract demand levels have resulted in abou a 4 . 5g net reduction in overall contract demand desp' te additional customers. If these demand reductions h d not occurred, the demand charge rate could have been ecreased slightly . . Last year ' s energy charge ra e resulted in a small amount of surplus revenue; a refund will be made this fall. There- fore, the FY 1988 proposed e ergy charge rate is an increase � of almost 1� from the FY 198 effective rate, although it is a decrease from the energ rate as charged. . The primary reasons for the hange in the energy charge rate are a change in the fuel mix anticipated to be used, a normal ' rather than a warm winter, a d an increase in contract coal prices. . Permitting large energy char e refunds or assessments within the same fiscal year will ke p charges closer to actual costs. Smaller deviations f om budget can then either be refunded/assessed or used to lower the following year ' s budgeted energy charge. 7 . The proposed single rate is he same level as the combined ' demand charge and energy cha ge rates, given the budgeted assumptions for energy consu ption. �8 . Coverage rates are higher th n the target rates specified in the Payment and Priority greement, so franchise fees (except for Empire Btzilder e stomers) will be def_errPd. The estimated amount of fran hise fees to be deferred is $607, 757 . � � ' . C��,:{j_r 1-3 �:j ;;.� Page 3 . . A comparison of rates is as ollows: Actual udget Forecast Proposed FY 86 Y 87 FY 87 FY 88 emand charge rate ( $/kw/mo) $ 2 . 57 $ 3 . 05 $ 3 . 05 $ 3 . 14 revenue 4 , 877, 977 5, 26, 518 5, 230, 000 5, 140, 004 nergy charge rate ( $/MWH) 12 . 69 10 . 68 10 . 37 10 .46 ! revenue 2 , 954 , 156 2, 65, 227 1, 954 , 500 2,458 . 793 -------------------------------- ------------------------------- verage cost/ � MMBtu 9 . 03 9 . 44 9 . 35 9 . 56 0 . The average interest rate pr jected for payments on Series A bonds is 6� for this budget ear. The current rate is 6 . 1� and it is the review staff ' s opinion that the projected rate is reasonable. Similar meth ds and sources were used in estimating the interest rate as last year. Last year ' s estimate was very close to a tual experience. 'll. District Energy has experien ed a savings of approximately $100, 000 in insurance cost t rough savings of an improved insurance market. These sav ngs, along with any interest savings, or additional inter st costs on the projected interest payments will be redirected o a Supplemental Debt Service Reserve Fund. This reserve und will be used to cushion future rate increases needed to rep y debt. The review staff supports the establishment of this fu d and designation of savings for the following reasons: a. Reduces risk of unfores en short-term changes in these costs. ' b. Provides assurance futu e customers will not experience rate shock. c . Provides a dedication of savings to be applied to debt rather than be otherwise spent. wHEREAS, the City Council h s taken into account those matters required by Section 6 of Ordinan e No. 16947, and by C.F. No. 85-919, and finds that District nergy has met all procedural ' and substantive requirements for approval of a rate change; now therefore, be it WiNI7E'' - CI V CLERK PINK - FI ANCE COIItICIl GANL.R1' - OE� ARTMENT � GITY OF SA NT PAUL �7-i73y� BLUE - MA OR File NO. Council R solution Presented y R ferred To Committee: Date 0 t of Committee By Date Page 4 . RESOLVED, that the District nergy rate schedule which sets he "demand rate" for its custome s is hereby revised to increase he "demand rate" from $3 . 04 per ilowatt per month to $3 .14 per ilowatt per month; and be it FURTHER RESOLVED, that the D ' strict Energy rate schedule hich sets the "energy rate" for ts customers is hereby revised o decrease the "energy rate" fro $10 . 68 per megawatt hour to 10 . 46 per megawatt hour; and be t FURTHER RESOLVED, that the " ingle rate" for customers with emands of 100 kilowatts or less e established for eligible customers t $ . 0326 per kilowatt hour; and e it FURTHER RESOLVED, that all o her rates, changes, and other rovisions of the District Energy hot water franchise remain in force and are unchanged; and be i � FINALLY RESOLVED, that the a tached revised Schedule A is approved and su�ercedes any previ us Schedule A, and is incorporated by reference into Ordinance No. 16947 as amended. I � i I C UNCILMEN Requested by Department of: Yeas Nays � N cosia ln Favor R ttman � S heibel � __ Against BY �`�' ��1-- S nnen W ida W 130ri Form Approved by City ttorney Adopted y Council: Date --� — `� ��— Certified Ya s b uncil re BY °�� By Approve Mavor. Date �L � �a� Approved by Mayor for Submission to Council g By � Pt��IS� ��_�� 1987 11 �� :��j� . i3�` istrict Energy ST.PAUL,INC. West Kellogg Boulevard .Paul,MN 55102-161 I ( 12)297-8955 �:-=J . . � . � . , . N ember 25. 1987 ' ` Ci y Cour.cil Members �� Y of St. Paul 7'' f i oor Ci ty Hal? S t Pa u 1 , irR�l S 510 2 Re 1988 District Energy Rates � La ies/Ger.tlemen: Di trict Er.ergy has received a co '' py of the memorar.dum from Th as J. Weyandt, Assistant City A :.orney, dated November I9. 19 7 , together with the draf t resol tion approvir.g the compar.y' s -r� es for fiscal year .�988. we are in substantial agreemer.t wit the factual sta*_emer.ts co tained in the resol ution, which re based on material s ar.d ir. rmatior. provided to City repres r.tatives by Dis*_zict Ener By *_his letter, we adopt the facts s stated, wi�h the :allow�g mi r clarifications : i 1; I� shoul d be noted regardi g poi r.t 1 (a� tha� the average dem nd charge for all of FY 198'7 wa 5 3 .0 5 per kilowatt month;y. The rate of S3 .�J4 w�s ir. ef fec* for the months thr ugh September 1987 only. Qf Decer,:bFr I93E (2) Point I (d) should havP the ords "or assessen" after the wor "refunded", Surpluses are refu .deci, defici�s are assessed. ' (3) Tf temand reductior.s had r.o occ��rreci� �;;e d�man;: c:�aryF rat couid have beer. d�creaseci b}• ab ut 1 .5 pPrcer.t, ra_he: Char. G .5 pe:cent as sta*ed in poir.� 3 . (4) Poir_t 4 is corr�ct based or. earli�r projecc=or.s; how er, a smaller er.ergy refund is ow ex ected. T FY 9 8? ra te ma be hi � hus *_he f ir_al Y gher than 510 . b , ir. wh:ch casP the 19gg enei rate wii2 still re�res�::±: a �? cre.ase. ( 5) Tne budgeted interes* rar_e � r�U � �-; ��ir.t 1C '_r_e��id�� ne ercer.t for the letter af credi:.- fee, i'o be co^�parable �o the ctual (October) rate of 6 .1 per ent, the budge�ed rate shou d be stated without *_his fee, i. e, , 5 Fercer.t. �_.�;__ _..__ .,.�..�,..b..:.�.�.: .... .� _. __� .._ .,�,.._.� .. ..�, ----�,�.,..._.�. � �,�C�7 /73� ' C� y Cour.cil N ember 25, 1987 P e 2 T ese facts, together with our sub issions to the City Clerk d ted July 17 and September 18, 19 7 , (copies enclosed) , c nstitute the evidence we wish to present that the rates as p oposed are just and reasonable a d should be approved. A additional information, the att ched sheet summarizes the m j or pol icy goal s of District Ene gy ' s management and Board of D rectors in de*_ermining FY 1988 r venue requiremer.ts, as p ev iously discussed with the City rate review team. A the publ ic hearir.g on December , I will be happy to answer a_ estions regarding these matters. D strict Er.ergy wishes to thank th members of the City rate r . iew team for their thoughtful a d professional review of this r te reque st, we are pleased that this review has concluded that t e rates as proposed by District Energy for FY 1988 are a propriate and that all procedur 1 requirements hav,e been met. 'ncerely, � � � ;' ,9 - ("�1C,�� ( '�' ,,.�t;r. � dy Brynol f on icP President, Finance c : Ci ty Cl erk, Mayor La timer Thomas Weyandt, James Snyder Lori Lee, Karer. Swenson Har.s Nyman, Joseph Boul ay, W 11 iam Mahl um ___ __ __- -.,.:._� .....;_......_ �.._ _.:..�...�..�,..�...ti._....._.,:..,.._--_ - . . - - -- --_-�--. -� .� �� C��`�`/7�y DISTRICT ENERGY S . PAUL, INC. POLICY GOALS - FY 1988 HOT WATER RATES D strict Energy has set its rates or 1987-88 to recover its c sh costs as prescribed ir_ the H t Water Delivery Agreement. I setting revenue requirements, t e management ar.d B oard of D rectors of District Energy were uided by several goals: I Low Rate Increase. To maintain rate stability and c r;�.petitiveness, costs were carefu ly controlled and reduced w ere possible. Non-£uel operatin expenses budgeted for FY I98S a e dowr_ significantly from FY 198 . When costs are divided by p oj ected unit sales, the end resu t is ar_ energy rate dowr_ 2 .p p rcer.t, a demand rate up 3 .0 perc nt, ar.d an overall increase to ., e typical custc�ner of only 1 .3 p rcent. , 2 Im roved Bottom Line. District Energy intends to steadily � s net of revenues and expenses u til a hieved as planned after 1995 . T e "bottom1lineetforCFYe1988 r preser.ts an improvement over the FY 1987 budget. 3 Provisior_ for Interest Rate Ris . A conservative projection �� s used in budgetir.g floatir_g i.nt rest rate expense, and sone i crease aver last year was assume . To prwide added a air.st rate fluctuations, a Suppl ental Debt Service Reserve�is b ir_g created. � S*ron Cash and Workin Ca ital Position. The budget for �` 1988 . allows the expected high b ginning cash balance to a cline but maintair_s a strong cas and working capital pasition. � T e ending balance in the operatin fund is � S , 000, 000, with unrestricted work' ng capi talrineexcesstof$40Q, 000 . ' � � 5 Fc�din for S stem Growth. The FY 1988 rates de adequate f� nds for ongoing system ex ansi Provi � �. eas. Nearl p on in downtown ar.d adj acent � Y 5300,000 is prwide for r.ew service lir.es for � a di�ional demand of up to 6 megaw tts. ' � . � ` i � . ; � I � � ,. v � _ i � � ,� - { � ...k ' '?e,��' K.' +,�,.�h'�-.�,`fr; �� - ' n �i 4 �— /��/ � � � � ...a��.. - . . . . . . .. ��u. r ' � t��...:: � � APP. F �,, ��" � APPENDIX F sements, rates, revenues, contracts, pur hases, sales and other transactions bearing on and relevant to he rates DHDC charges and the service it provides to its custo ers in the City of Saint PauL =�• � Section 10. �i M ,� ' ��`�`A�liiil�k�t. �:�ii�t�-�' " -. u ��°� . a er said hearing the Council may pass this ordinance,revise or . � ��N amend the same. DHDC shall bear the c sts of publication of the �.�.- �;�; ��,-��- franchise ordinance or any amendments hereto and shall make a " - � , �`�_ :. sufficient deposit with the City Clerk t guarantee publication '� ': �,�;`�y "� before the ordinance or amendments are ublished.(As amended: �� ;� :.:, �r 1Y:.'?�� Ord. 16962, Oct. 5, 1982.) �� Section 11.DHDC shall defend, indemni and save the City whole and harmless from any and all damage or claims for injury or � damage to persons or property occasione by or arising out of the ` ' _� construction, maintenance, operation, o repair of DHDCs busi- ""��: p �' • ness in the City.DHDC shall insure its bligations in this section , �µ � �: with an insurer authorized to do busin ss in the State of Min- � �, T nesota in form,coverage and limits appr ved by the City Attorney �� . "=- .., and the Director of the Department of F nance and Management Services. Section 12. Every section, provision, or art of this ordinance is �;�::;: � declared separate from every other secti n,provision,or part; and `�°_.. if any section, provision or part shall be held invalid,it shall not -��-_ affect any other section, provision or pa . Section 13. DHDC shall, within thirty(3 ) days after the passage, approval and publication of this ordina ce or of any amendments thereto,�le with the City Clerk of said ity its written acceptance thereof in form to be approved by the ty Attorney, and therein shall agree to abide by, keep, and perf rm all the terms, limita- tiona, conditions, and provisions of thi ordinance and any such amendments. DHDC s�.all also �le wit the City Clerk executed copies of the Loan Agreements referred to in section 5 herein, as well as executed copies of any amendm nts to such Agreements, within thirty (30) days after execution f such Loan Agreements and amendments. (As amended: Ord. 1 962, Oct. 5, 1982.) Section 14.This franchise herein granted hall not be exclusive nor . irrevocable, but may be terminated and forfeited after notice and hearing for any breach or failure by DC to comply with the terms, limitations or conditions hereof. 211183 1117 � .. ''�t ��'"I�73c� , . � � CITY OF SAINT PAUL In7ERDEPARTME TAL MEMORANDUM / � To: Gene Schiller ,�� , ✓ �,�� From: L,�Yr� ee, James Snyd , and Karen Swens'on�'� � � % i J Date: October 22 , 198 � � Re: Staff repor� for Dis rict Energy proposed fiscal year 1988 ra�e change. T:^.is memorandum discusses the esults of sta�f' s review o� D�s�rict Ener��' s proposed rat change. Staff recommends that the ti�o�csed rates should be a proved as submitted. A��ache3 to �:^.�s� mema is a p�oaosed resolu ion approving the rates �or Ci�y Council c:onsideration. S�z`_f wot:ld li}:e to thank Rudy B�-ynol�son and Joe 3oula�• of D�s�rict Energy for �heir coop ration during the review process. ��oceduYe�.l H� sta�•,� D_s�__ct �nercy filed no�ice � i�n the Ci�y Cle_k o� its in�er.� �o c'r_ange i�:s hot wa�e= rates on July 17, 1987, and filed the �a�es on Sebte:.�er 1� . The rates t ok e=�ect Oc�ober 1 on an interim basis su:�ject tc re`und. Dis�rict �nergy su:�:ui��ed k�it �ts Septemaer 18 filing a . S�g�B1ng;7',. t�'_d� 1� 7:dC1 I70�1i].H 1�S Cl1S�omers 1I7 k*�'1�lIl� O� �?lE � �=oposed rate changes on Augu t 12, and that it had 'neld cus�cne= .ee�ings on Septe�e: 9 (down own) and on August 24 (M�. Fi�y) . On Sebtem..be� 22 Di��ict Ene� y was intormed t�a� a Ci�y team . cansistiszg of Lo:i Lee, James Snyder, and Karen Swenson would �' ' review t�ze ra�es, k�ith Thoaas J. Weyan�t ass?gne3 as legal cot:nsel. Sta�� p�e�are3 an i itial list of �nfornatioa re_ues�s, • then me� wi�.h Dist�ict Energy staff Rudy Brynol�son an3 Joe 3ou'!ay oa Se�teiaber 29 , Octob r S, Oc�ober 9 , O�tobe= 12 and � . Oc�ober 14 to ask crses�ions a d to =eview District �ne=csy do:.uments. . . . � w � 1�-�.-��3� October 22, 1987� Page 2 h'hen proper notice, publication, and hearing on the proposed resolution are completed, those steps along with the process to date will satisfy all procedura recruirements of the franchise and the Hot Water Delivery Agre ment. Probosed Findincrs of Fact l. District Energy proposes t e following changes: a) The demand charge cha ges �rom $3 . 04 per kilowatt of contract demand per m nth to $3 . 14/kw/month, a rate increase of about 30; �' b) The energy charge cha ges from $10. 68 per megawatt hour to $10. 46/AiWh, a decrease of abou� 20 ; c) The new single rates se� at $0. 326 per kilowa�t hour, . an effective increas of about 1.3� ove� the forner two-pa�t rate. d) District Ene�gy p�op ses, that f1ature energy cha�ge sur�luses o� deficit me:y be refunded during, as well � as after, the fiscal ye��r in wnich they are accrued. 2 . Dis�rict Energy' s proj ect d :�udget indicates �ha� ae=mal inflationary increases in op�ra�ing costs is the reason `or the increase in the denan c.iarge. T:zese a_e o�fset by decrezses in n�a:.� nainte anr_e a.^.d capital expend�tu_es, a:.3 by a negative change in w rk:ing capi�al. 'I'he recently- a��roved incc:tive ra�e i nc�� e>:pec�ed to nave a signi�icant ��pact cn �he de�aand ci:arge rate. 3 . �eevaluations o` indi�►idu 1 ��ustone=s' con�rac� demand levels have resulted in ou'_ a 4 . 5% net reduc�ion _n overall con�rac� de:aand esp i�e acdi�i�nal cus�ome_s. I= t'.:ese demand reductio:�s ad :not occur_ed, �he denand cha_ge �a�e could have been dec eased sligh�ly (about .�o) . 4 . Last year's energy cha=g ra�e resulted in a small amoun� o` su�lus rever.ue; a re�un wi11 be made this fall. '�he:efore, tne FY 1988 a oposed enercty charge rate is an increase of almost� 1� fr m t;�e FY 1987 efiective rate, although it is a decreas fr�m �he energy rate as charge3. �. T�Ze prima�-y reasons fo= he change in the ene�gy charge ra�e are a change in the fuel mix anticipated to be used, a normal rather than a wa� winte�, and an increase �n contract coal prices. ' ' ctober 22, 19s7 � � v'�" �—�73 y age 3 . Pern:itting large energy cha�ae refunds or assessments within the sar�e fiscal year h�ill k ep charges closer to actual costs. Smaller deviations rom budget can then either be refunded/assessed or used t lower the following year' s budgeted energy charge. - . The proposed single rate is the same level as �he combined demand charge and energy ch rge rates, given the budgeted assumptions for energy cons rnption. . Coverage rates are higher. t an the target rates specified in the Payment and Priority Ag eement, so franchise fees (excep� for Empire Bui;lder ustomers) will be deferrecl. The estimated amount of franchi e fees to be deferred is $607 , 757 . 9 . A comparison of rates is as follows: Actual Budget Forecast Proposed FY 86 FY S7 FY 87 =Y 88 Der:�nd charge ra�e ($/kw/mo) $ 2 . 57 $ 3 . 05 $ 3 . 05 $ :3 . 14 revenue 4 � 877 � 977 �226� �18 5� 230� 000 �� 140� 004 :.ne�,y c�arge ra�e ($/2✓t�r'�i) 12 . 69 10 . 68 10 . 37 10. �6 reuenue 2 , °54 , 156 ,465, 227 1, 954 , 500 2 , 458 ,793 ------------------------------- ------------------------ t?VB'_"Z.y° COS�� r�:3tu 9 . 03 ° . 44 9 . 3� 9 . �6 D15CiiSS i OTl Tne ave:age =nterest =ate proj c�ed :or pay:�►ents on Series A boncs �s 6% for this budge� ye r. Tne cLrren� rate is 6. 1% and ' . it is �he review staf•" s o�ini a �hat the projected _ate is reasonable. We have researche ��.�s i�em wi�h Ga_y Nors��e�, City Traasurer. Similar �e�ho s and sources were used in estima�ing the inte�es� rate a las� year. Last ye�r' s estimate was very close to actual ex�er� ence. , . � . , � � :. � � ��/-��.�5� ..tober 22, 1987 • � age 4 is�rict Energy has experienced savings of approx�mately 100, 000 in insurance cost throu h savings o� an ir,.aroved nsurance market. These savings, along with any i:.�erest avings, or additional interest osts on the projected interest ayments will be redirected to a Supplemental Debt Service ese�ve r^und. This reserve fund w•ill be used to cushion future ate increases .needed to repay d b�. The review s�a�f supper�s he establishment of t:zis fund a d designation of savings for the ollowing reasons: . Reduces risk of unforeseen hort-term changes in these costs. : 2 . Provides assurance future c stomers will not experience rate snock. 3 . Provides a dedication of sa ings to be arplied to debt rather than be other�aise sp nt. O�her items mentioned in the sta�f report from las� yea� were �eviewed, and the City s�a�f sees no �eason �o �e�2CL this year' s ra�e �ro�osal based o� those it ..s. At the recruest of the City rate �eview staff, Dis�=ict Energy p=e5ared a ten year p�ojec�icn r =evenues, ex�enses and ��ojected ra�es. This docur.�en� nrove3 `o be valua�le in the ��ocess, and will be used in �u� ure years. Ccncl�s�on Tne p=o5osed ener�y cr.arge =a�e deuand c?�.arge =a�e and sinqle �a�e are just and reas.onable, a 3 sROUld bs ap�_cvec. . . : . . ��7_ �-�� District Energy ST.PAUL,INC. �� 76 West Kellogg Boulevard �-- R�-`'`-�� St. Paul,MN 55102-1611 (612)297-8955 ;: OFFI;:,=� 0� ��-t� ;;:�-"T�R DEF;-.'� , - :Y . . , ` AND IviA��F,:::��r:�i i :;.��:��cj eptember 18, 1987 RECEIV�D - SEP N 31987 �I�FiT�C��V EY Eugene A. Schiller, Director Dept. of Finance and Management Services City of St. Paul 234 City Hall St. Paul, MN 55102 Re: District Energy Rate Regula ion Dear Mr. Schiller: Thank you for your letter of Sep ember 17 on how the City plans to approach this year' s District Energy rate review process. As you requested, I am enclosing copies of the filing made with the City Clerk today as well as revious correspondence related to these rate changes. The principal contact person on ate matters for District Energy is Rudy Brynolfson, Vice Preside t, Finance, who can be reached at 297-8955 . Sincerely, , � A�� Hans O. Ny an President cc : Rudy Brynolfson Joseph Boulay William M. Mahlum, Esq. � :. � . . ,� , , � � �' �� . .� ' . 7_� 7�� District Energy ST.PAUL,INC. I,76 West Kellogg Boulevard �St.Paul,MN 55102-1611 I(612)297-8955 le tember 18. 1987 P , � . '_ rn in v ' lbert L. Olson ICity Clerk � • - ity of St. Paul , hird Floor City Hall �St. Paul, MN 55102 �Dear Mr. Olson: �Pursuant to the hot water district heating franchise and previous notice filed July 17 , 1987 , District Energy St. Paul, Inc. Ihereby files its amended Schedule A. The rates therein will be ;used on all bills for hot water s rvice beginning with the billing month of October 1987 an will remain in effect until superseded. This is a routine annual rate adjustment as envisioned by the IFranchise and the Hot Water Deli ery Agreement. Please contact Rudy Brynolfson a 297-8955 or John Sprangers at '292-1661 if there are any questi ns regarding this matter. �i Sin ely, �Hans O. Nym n ' President t1 s iAttachments : Schedule A Affidavit of Compl ance With Council Resolut on 85-919 � � ' � , � �7�/7�3� Amendme t to SCHEDU E A __ to HOT WATER RANCHISE Grante to District Heating Dev lopment Co. d.b.a. DISTRICT ENERGY T. PAUL, INC. by t e CITY OF S . PAUL Ordinance No. 16947 , opted July 20, 1982 as ame ed by Ordinance No. 16962, a pted October 5 , 1982 Ordinance No. 17842, a pted August 5 , 1987 RATES: The follawing rates will be effective beginning with the billing month of October 1987 and will remain in effect until superseded: Two-part rate: Demand: $3 .14 per kilowatt per month Energy: $10 .46 per megawatt-hour Single rate: $0.0326 per kilowatt-hour This rate will be avai able only to customers with demands of 100 kilowat s or less (annual energy use not exceeding 170 mega att-hours) . ' PROMPT PAYMENT PROVISION: A cha ge of 5 (five) percent will be added to the net bill computed a the rate shawn above, which charge shall constitute a discou t from the gross bill for ', payment within the discount peri d, all as more specifically provided in the Hot Water Delive Agreement. FUEL ADJUSTMENT: In the event t at the energy refund (assessment) per megawatt-hour a crued pursuant to the Hot Water Delivery Agreement as of March 3 of any year is greater than five percent of the energy rate hen in effect, District Energy shall refund (may assess) an amo nt, equal to that portion of the difference which exceeds one per ent of the energy rate, not , later than May 31 of the same ye r. The amount refunded � (assessed) shall be deducted whe the overall refund (assessment) for the year is computed. SURCHARGE: A City fee surcharge of 8 .7 percent will be included in the gross and net monthly bil s computed under this rate schedule except as otherwise pr ided by law. scheda. rb 8/22/87 � � � � � � C%�` `�7 - ��3�. , � . . . AFFIDAVIT OF COMPLIANCE WITH COUNCIL RESOLUTION 85-919 rsuant to Section 2 of City Cou cil Resolution 85-919, District nergy St. Paul, Inc. states the ollowing facts regarding its ompliance with Section 1 of that Resolution: . District Energy gave notice o its intent to file a new or mended Schedule A in a letter da ed July 17 , 1987 , filed with �the Ci ty Cl erk on July 17 , 19 87 . ,2 . District Energy sent a notice of its rate filing and the related custamer meeting to all signed hot water customers on ;August 12, 1987 . The notice incl ded the new rates sought by IDistrict Energy; the time, date, and place of the customer imeeting; and the Notice of Custo er Rights constituting Exhibit 1 of the Resolution. A copy of th notice was provided to the Executive Director of the St. Pa 1 Building Owners and Managers Association (BOMA) . The same information was sent to all Mount Airy residents with notice of a pecial meeting as described 'below. 3 . District Energy held the req ired customer meeting on September 9 , 1987 , at 2 : 00 p.m. n the Training Center of the First National Bank Building, 33 Minnesota Street, St. Paul . ' Three persons representing Distr ct Energy customers attended, ' along with the Executive Directo of BOMA and the Chairman of District Energy' s Board. A seco d meeting was held with the residents of the Mount Airy hame on August 24, 1987 , at 7 : 00 p.m. at the Mount Airy Cammunity Cent r. Approximately 30 residents attended, along with representat ves from the Public Housing Agency and Capitol Community Se ices. Copies of District Energy' s iling with the City, the proposed new Schedule A, and the hot water franchise (Ordinance No. 16947 as amended) were made vailable to attendees at both meetings. At each meeting, the ew rates were explained, ' custamers were advised that the ity Council must approve the new rates before they become fin lly effective, and custamers were allowed a reasonable opport nity to comment on the propsed rate s both f ormal ly and inf ormal y. 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(-�- ._ St 5 ?� *s�� ro- ��x .r-` J�rp .4�, 'c ;�, i i *��s + t:�` ,z � ��,� �: ,�r'k s .�,� #J.�, � t..;� � ,,. .� ��:F � .. `^�4„ � 1 �;, T� i Z;� 4 � � 3!^ � ti �' R Z..«.4 ;� a x ,.5� f� �;.� -1 -�v.d Y d� '� �4;�,i ?:'�. .... .. b� k., . . _..� ,N,`�. . , � r ,. •y�� a `'' , .+. .. "`+,?ts,.� - '� r A� t � ! l � �r � S- 1' r"'�'w.. ti� .. ,d '� �' '� � �nc�_ ^�t,'�'.�#.��,. -,�.3.F�_. , r. � .,$�u`w �:' ,a t.r�,^p.�.�*.'�rr�.x��u ��. ,'=i�'s=,*£.,r.�c._.si ..��:t�� .�;��..,,....,.�k'Y�_5....r�.i�' . . . �! _ , � �� 9 � � �� 7-173�f District Energy ST.PAUL,INC. �, 76 West Kellogg Boulevard , St.Paul,MN 55102-1611 ; (612)297-8955 _ r.; -, r a _ .--, '. - -,� - II!August 19, 1987 y� —m - _;� v c �� =`-:� . -� �`-. � IAlbert B. Olson �� City Clerk iCity of St. Paul �3rd floor City Hall ��St. Paul, MN 55102 ;Re: Information Provided Pursua t to Council Resolution 85-919 ;Dear Mr. Olson: iEnclosed is a copy of the rate i formation furnished to District Energy customers on August 12, 1987, pursuant to City Council ��Resolution 85-919. The required eetings with customers will be held as follows: Mount Airy - Monday, August 24, 1987 , at 7 :00 p.m. in the Icommunity center building at 91 ch Street East (as part of the onthly Residents Council meeting) . Downtown - Wednesday, Septe er 9, at 2 :00 p.m. in the I raining Center (6th floor west) f the First National Bank uilding, 332 Minnesota Street. ISincerely, i \ I udy Br n lfs ice President, Finance i , . . � �c ��- 1� � �� ' . D R A F T , . Amendment o S CI3IDiTLE -�- to HOT WATER F CHISE - Granted t - District Heating Develo ment Co. d.b.a. DISTRICT ENERGY ST. PAIIL, INC. _ - - I by the CITY OF ST. PAIIL - - Ordinance No. 16947 , Ado ted July 20, 1982 as amende by _ Ordinance No. 16962, Adop eci October 5, 1982 - - - _ RA ES:. The follawing rates shall be effective beginning with _ _ th billing month of October 1987 a d shall remaia in effect un il superseded: - - - 'It�vo-part rate: Demand: $3 .14 per kilowatt per month Energy: 510 .46 per megawatt-hour _ _ _( the event that the currently pe ding franchise ordinance _ . nchnent is passed, then the foll ing additional rate shall be s t pursuant to the First Uniform endment to the Hot Water � D 1 ivery Agreement: Single rate: $0 .0326 per kilawatt-hour. ) P OMPT PAYMENT PROVISION: A charg of 5 {f ive) _percent wil l be --- a ded to the net bill computed at he rate shawn above, which c arge shall constitute a d�scount from the gross bill for . p yment within the discount period all as more specif ically ovided in the Hot Water Delivery Aqreement. _ EL ADJUSTMENT: In the ev ent tha the energy ref und ( ssessment) per megawatt-hour acc ued pursuant to the Hot water livexy Agreement as of March 31 f any year is greater than 've percent of the energy rate th n in effect, District Energy all refund (may assess) an amo t, equal to that portion of the ifference which exceeds one perc nt of the energy rate, not ater than May 31 of the same yea . The amount refunded assessed) shall be deducted when the overall refund (assessment) or the year is computedo URCHARGE: A City fee surcharge f 8 .7 percent will be included n the gross and net monthly bill computed under this rate chedule except as o�herwise prav ded by law. cheda. rb /17/87 . , • ' . . , , ' HIGBLIGFITS OF DISTRICT ENERGY RATES FOR I987-88 District Energy St. Paul filed notice of its revised heatiag rates for 1987-88 with the City Clerk on July 17 . Under the new rates, the average customer wi1.1 pay about 3 .26 cent�, per kilowatt-hour of heat, up only 1 .3 percent from 3 .22 c�nts ba,sed on this year' s rates. ' The new rates are only 1 .? percent higher than those of four years ago, even though overall consumer prices have gone up 12 .5 percent during the same period. The rates, to take effect in October, are subject to City Council approval before becoming finai . District Energy' s two-part rate structure, defined in the Hot water Delivery Aqreement, includes a demand rate and an energy rate. The energy rate, billed according ta measured heat use, cavers the cost of fuel and electricity to operate the system. The demand rate, billed in equal monthly installments, covers non- fuel operating expenses, debt service, and all other costs. Under the First Unifornn Amendment to the Hot Water Delivery Agreement, th e two rates will be combined for small residential custamers into a Single Rate, covering all charges, which will be billed according to energy use. The Energy Rate will decrease to $10 .46 per megawatt-hour of energy use from the current 510 .68. The monthly Demand Rate will go to $3 .14 per kil awatt of contract demand f rom the current 53 .04. (The average demand rate for all of FY 1987 was $3 .05) . The Single Rate will be $0.0326 per kilawatt-hour. District Energy St. Paul is a private, non-profit company governed Yiy a Board of Directors chosen j ointly by its customers and the C�ty of St. Paul . C�ISTRI�T ENEf��Y I�t�TE �T�,BlLIT`( � s I � � 3.21 3.23 3.22 3.26 � , ; ;. ;• 3.08 + , , 3 3 f � ' �� f. �r f �•�''� . i ��'�,'f/ ;��!, ,i�'�f� �J f,. �' I'. .�.�. f f� ;rl, . � ,:l,r�/ r�� / {'� /' r : � �• ,f,� 1 r! f r;��' .'%./'f' . ; . �'/j � /� '`/!r' W �� t.� ��r�t �/ f�,i n � ,i'/r r;�.rf, ,'1.•, f ,:: � � ��f+•� f ��f� Fr f•1 �. +�•� � r f �f ! � :r �� f ',r'i. Z 'rr'l` •' :fff 'J �f.! �,'' R,: }N1 ''``r'�'� , / !/,:•;� ' . :'� , . r 1 J� �f,f�% f r`�f, �f'�`'!' i.:��'.� � �'f��': `�'.% "�'/:'. /,'�!i .,;.f,.•', �r., `�/�'�/.' ,%• ' ��'� ...�.%i .r ,�j�j r�.'/,/ �f�1`j I�r r' /f�ir �'!j f� %,%r � .��rf', J�r"�f;, �/`/`i' �'` l�;�'r'" j,+"f !j.`f; � ••'�' ' � ff ' •'�`. � 1984 1983 1986 1987 13b8 FSSCAL YEAR . ' . ' • �� l7 3�� RATES. M 8/3I87 DISTRICT Ei{7ERGY T. PAIIL, INC. � FY 2 9 87-8 8 E SUI�MARY* FY 19 87 FY 19 87 FY 19 88 - BUDGET FORECAST BUDGET . _ _ DEMAND RATE -------- -------- ------- - Net d bt service 1,985, 800 52, 025, 567 51,971,970 Non-e ergy operating costs 3 , 647 , 845 3 ,4 81 ,53 3 - 3 ,=328,.81T - _ Capit expenditures 963 ,700 846 ,266 �697 ,250 Chang in working capital -85,448 371,568 -214,296 Tota demand reiated costs 6, 511 , 897 6,724, 934 5,783 ,74I� � Funds from debt proceeds -635, 000 -910, 000 0 Forfe ted discounts - demand -54,374 -36,500 -35,980 �Defe ed franchise fees -596, 005 -548, 434 -607 ,757 . --------- --------- --------- Net emand revenue requirement 5,226 ,518 --- $5 ,230 ,�00 $5, 140, 004 Agg gate demand, kilawatts 142, 801 142 , 896 136 ,412 Mon ly demand rate per kW** 53 .05 S3 .OS 53 .14 ENERG RATE Coal $1, 891,282 51,264, SQ0 51,63_1 ,399 Gas/ il 395,530 579,500 693,313 Elec ricity 16&, 642 94,000 115, 052 Othe 11 ,773 30 ,500 36 , 241 --------- --------- --------- Tot 1 energy related costs - 2 ,465, 227 1,968, 500 2 ,476 , 005 Forf ited discounts - eaergy 0 -14, 000 -17 ,212 --------- --------- --------- Net energy rev enue requirement $2,465,227 $1,954, 50Q 52,458,793 Agg egate energy, megawatt-hours 230,980 -- 188,483 -- 235,004 Ene gy rate per megawatt-hour*** 510 .68 510 .37 510 .46 SINGL RATE Dem d portion (above X 12 / 1700) S 0 .0215 S 0 .0215 S 0 .0222 Ene portion (above / 1000) 0 .0107 0 .�104 0 .0105 Si le rate per kilawatt-hour $ 0 .0322 $ 0 .0319 $ 0 .0326 * py of compiete rate filing avail le from District Energy on request. ** 1987 demand rate is average fo year. *** 1987 forecast energy rate is n t of projected refund. \ . • ` , . - - - B U L�� ET E C� �:;��T� — ��f� �1 � �� _ - --�__ _ _ - ��,?5�►,746 Tt�Tr�L GEHT :�V�_ (�3,��) f� �y`'`°-•...� - / �'.4 _ ,,� `�..., E N E R c;Y f 3G,l7.%�;� fr; � ,{ �''� �� ti � 'S � ' �TMER f.s.3°4} � '��_� _ - . - ,� � �� , �. � e . r. ',`� ,f ` rr �3EN �t .tS�QMI N (,1 7..3°a} � ��' � �� c�P E R .-9,r. 1�1.'�.I I�1 T (.?3.0�i - �� G �w�ET E� �l� r�� C� I f�.1�� — �'�' 1 � ��. =- - �$,�5y,'�-� TvT�L FR+4NCHI�E FEEa (7,4:j �� ,f � �� ENERV`Y CHG (30.177a) f , �` ,�� , ►� �, - � �� '45 t' / `�, I} .,� �; ,� f% aE n�rv o c H�3 r�s.,�;'� .,t -�, � `` ��'- . ; . . � � �.��7 -1 ��y NOTICE OF C�JS Nb+A RIOHTS St. Paul C3ty Coancil Resol tion 85-919, Exhibit 1 strict Enezgy St. Paul, Inc. (formerly Dfs ict Heatinq Development Co.) has s mitted a request to the City Council to ch nqe its rates charqed Go Saint Paul c stakesa. As a District Energy customer, yo have certain riqhts to be informed about t is change and opportunities to express youz views on them before the City Council a ts on Distri.ct Energy's request. The purpo e of this notf.ce is to describe those r qhts and opportunities. H ck round __ . D strf.ct Enerqy has a franchise fran the City to use Che streets and public property f r piDinq and other equipment in operation o its hot water utility. The Cf ty Charter a thorfzes the Cfty Council to requlate rates of such franch:sed utilities. Procedures f r rate requlation, including those of benef t to ind3.vidual Distzict Energy c staners, are set out in ehe Dfstrjct Energy franchise ordinaace (Ordfnance No. 16947) a a subsequent Council resolution iC.F. 85- 191 . 0 rtuai ties f or Custaners to be Inf ormed D strfct Energy sends to each custeeaer within 30 days of filinq its request a notice s arfzf.nq the propoaed rate chanqe, th3s no iae of custaner riQhts, and information o the customer meetinq between DisLrfct Ener and ±ts custamers. D strfct Enerqy will schedule, arranqe for, d hold a custamer meeEing. At this � m ti.nq, District Enezqy w311 explain and dfs uss the proposed rate chanqe and will q e each custaaer copfes of the proposed rat schedule and the District Enerqy f anchiae ordtnanca. Fach custaner has the r ght to ask queseions and discuss the � p oposed rates at the custamer meet3nq. , rtunities for Custemers te be Heard s City Council must hold a public heariaq o the proposed rate chanqe before it acts o the chanqe. Auy custamer or member of the publ3c may present statements or evidence t the City Couacil concernfnq the propoaed r tes at the public hearing. Notice of the p l�c hearinq is publ3shed in the L�gal Ledq r. Persons can also find out the date, t e, and place by callinq the City Clerk (29 -4231) . I add3tion, the Council's standard Dractice s to discuss Droposed resolutions i onaally fn coa�mi.ttee.* The resolution to pprove or disapprove the proposed rate c nqe [mayj be discussed in the Council's Ene gy. Utilitiea, and Emirornaant Cc�mmittee. taaers and m�bers of the public may make �nnnents and ask questions at the c ittee meetinqs date, time, and place are ailable frasa :he City Clerk. I there are objections to the proposed rates. the CfGy Council �r.ay request that one or m e custamers and District Enerqy meet info ally with City representatives to resolve s objections amicably. - ------------------------------------------ --------------------------------------- ' Under the receat City Council reorqanizati , tnf ormal discussion may take place b ore the full Councfl instead of in comm3tt . s cres.mb _-� ,. �� , . - �� 9 o � �_�� istrict Ene ST.PAUL INC. � r9rr . , �� :.� o � West Kellogg Boulevard ��4, 'i,Pf, .�, .Paul,MN 55102-1611 �r 7 12)297-8955 July 17 , 1987 _ - r ` ,. Alb rt B. Olson Cit Clerk Cit of St. Paul Thi d Floor City Hall St. j Paul, MN 55102 De Mr. Olson: Pu suant to Section 6 (e) of the hot ater district heating franchise (C'�ty Ordinance #16947 adopted July 0, 1982) , District Energy St. Paul, In . hereby files notice of the rate to be charged to hot water cu tomers effective October 1, 1987 . Th se rates were determined in accordance with the Hot Water Delivery Ag �eement and approved unanimously District Energy' s Board of Di ectors, including customer repre entatives, on June 16, 1987 . As de ailed on the enclosed exhibits, he new rates are: Energy: $10.46 per megawa t-hour (down from the current rate of $10.68 pe MWh) Demand: $3.14 per kilowat per month (up from the current rate of $3. 04 per kW per month) I � the event that the currently pen ing proposed franchise ordinance ndment is adopted, the Single Ra e will be set at $0. 0326 per ki owatt-hour as provided in the Fi st Uniform Amendment to the Hot Water D ivery Agreement. P lase contact Rudy Brynolfson at 2 7-8955 or John Sprangers at 292-1661 i there are any questions. S In rely, H ns O. an P esident H N/ak cl : City Council Members Terry Hoffman Tom Weyandt, City Attorney' s ffice John Sprangers James Snyder, City Finance De art.ment Rudy Brynolfson Karen Swenson, Council Resear h Joseph Boulay � ,� �� , � � � � � ��7� . I D R F T Amendme t to SCHED E A to HOT WATER RANCHISE Grante to District Heating Dev lopment Co. d.b.a. DISTRICT ENERGY T. PAUL, INC. by e CITY OF S . PAIIL Ordinance No. 16947 , opted July 20, 1982 as amen ed by Ordinance No. 16962, Ad pted October 5, 1982 TES: The follawing rates shall be effective beginning with he billing month of October 1987 and shall remain in effect ntil superseded: ' �vo-part rate: Demand: $3 .14 per kiZowatt per month Energy: $10 .46 per megawatt-hour ( n the event that the currently nding franchise ordinance endment is passed, then the foll ing additional rate shall be t pursuant to the First Uniform endment to the Hot Water livery Agreement: Single rate: $0 .0326 per kilawatt-hour. ) OMPT PAYMENT PROVISION: A charg of 5 (five) percent will be ded to the net bill computed at he rate shawn above, which arge shall constitute a discount from the gross bill for yment within the discount period all as more specifically ov ided in the Hot Water Delivery Agreement. F EL ADJUSTMENT: In the event tha the energy refund ( ssessment) per megawatt-hour acc ued pursuant to the Hot Water D livery Agreement as of March 31 f any year is greater than f ve percent of the energy rate th n in effect, District Energy s all refund (may assess) an amoun , equal to that portion of the d fference which exceeds one perce t of the energy rate, not 1 ter than May 31 of the same year The amount refunded ( ssessed) shall be deducted when he overall refund (assessment) f r the year is computed. S RCHARGE: A City fee surcharge o 8 .7 percent will be included i the gross and net monthly bills computed under this rate s hedule except as otherwise provi ed by law. s heda. rb 7 17/87 i . .. • • C��7 l73 � DISTRIC;T Er�IERG'r� i, STS - F�r 1 ��5� i8,25g,7s6 T T.aL GEBT SvC (23.�`;) � �~ i ' \ ENERr,7 f 30.OY} 1, �\ � �'`:+i'.� �THER (�.t3:i y _r�---'— +1 � � ''-� �---''' '�f ,� � _ � '�.`' 1 �I � j /� �3EN �: AGMIN (t 7.3X)\�\\ 7 / `'` f OPEP, c!c MAINT (23 Oy) r;�;�.,T��T �f�IEF��;;'��" FUi �C�I �J�� - F�� g�,Y �, 58.259�?<6 �T.r,L r R.4N�:HISE FEES (i.4X j / :' ' `� i,' 1\ j \ \ �� ` \\ ENER�3Y �N�� (30.0:) / i� ,1 .` i � � �r` r� i ��, , � � GEl�araD c;HG i6?.;^:� .,`/ ,% � �,. / , �„!� , . . . �� 7-�7� ; , ..� � � BUDRA .aan � O1/ /87 DISTRICT EqER6Y ST. Pal�, INC. - RATE CALCUL TIONS SUMMARY � ��----��---------------------- ------------ � FY l48b F 1487 FY 1981 FY 1988 ACTUAL D6E1 F�IECAST BUD6ET , -------- -- ---- -------- ---------- i 1 j I. COVERA6E DEMAND RATE 2 � -------------------- 3 DEMAND RELATED COSTS 14,855,839 ,511,891 6,124,934 5,783,141 3 LESS: FUNDS FROM DEBT PROCEEDS -14,330,000 -b35,040 -910,440 U 5 � LESS: AIIDCATED FDRFEITE� IlISCOUNTS -34,155 -54,374 -36,SOU -35,480 b ---------- - ------ --------- ---------- 1 QEMAND CHRA6E REVENUES REQUIRED 5,491,084 ,821,523 5,778,434 5,147,761 8 � 4 DI4IDED BY CONTRACT 6EMAND 4KN! 158,18� 1�2,801 14Z,89b f3b,412 10 E�IIALS COVERA6E RA1E PER Kk/YR f34.71 f�Q.77 f40.44 f42.14 11 i EQUJVALENT RATE PER KM/MD f2.90 f3.�0 f3.37 f3.52 12 13 ; II. ENER6Y RATE 14 ---------- 15 Et�R6Y RELATEO EOSTS 2,978,212 ,465,227 1,968,500 2,47b,005 ib LESS: ALLOCATED FORFEITED DISCOUkTS -24,05b 0 -14,400 -17,212 17 ---------- - -------- ---------- --------- 18 ENER6Y CHARGE REVENIlES REQUiRED 2,954,15b ,�65,22T 1,954,500 2,458,193 !9 � 10 � UIVIDED BY ENERBY SALE5 tMNN! 232,879 230,980 188,483 135,004 21 ; EQUALS EI�RBY RATE PER MMN f12.69 f10.b8 f10.31 f10.46 22 � 23 , III. DIFFERENTIAl. � A�JUSTED RATE 24 --------------------------- 25 DElIAi1D RATE ii/MMBTU E�IIIYM.EkTI f5.98 f1.03 fb.47 f7.26 26 � E!{ER6Y RRTE (iJMMBTU E9UI�►ALENT► 3.72 3.13 3.44 3.pb 27 ------ ------ ------ ------ 28 TOTAL COYERA6E RATE PER MMBTU 9.70 10.16 10.01 10.33 29 ; 30 ; TAR6ET RATE f7.41 f4.14 f4.19 f3.Sb 31 � LESS CDVfRA6E RATE A�VE -9.70 -l0.lb -10.0! -10.33 JZ � �� _�� _�___ �_____ 33 EQUALS DIFFERENT1Al PER MMBTU -2.69 -6.02 -5.87 -6.47 34 35 � TIlkES KKBTU SALES IMilN ll 3.+1i31 144,816 788,335 643,242 802,Ob9 36 E9URLS T�TAL DIFFERENTiAI -2,13S,8b3 �,743,105 -3,774,748 -5,i8b,842 3? 38 ; CURRENT FRANCHISE FEES OUf 0 0 3,000 4,24� 34 i POTENTIAL DEFERRE➢ fRANCNISE FEES 6l3,107 596,005 548,434 607,757 40 ADJUSTMENT i0 DEMAND REVENUES -613,147 -596,005 -5�18,334 -607,75J 41 �2 NET DEMAND REYENUES REQt1IRED �,877,477 5l226,518 5,23t1,000 5,140,044 43 I AD3USTED DEMAND AATE li/Ki1/1'R) f30.84 f3b.60 i36.b4 f37.b8 �4 � ADJUSTED DENAND RATE (f/KN/MO) f2.57 {3.05 f3.05 f3.14 � ------------------------------------------------ ----------------------------------- i a�� , � ,� � '; _ . � G - �7�3�� »,s� � �� DISTRICT ENER6V ST. PAUL, INC. - 6EMAN COST �ETAIL � fY 198b FY 1987 fY 1987 fY 1988 � DENAND RELATEC COSTS ACTUpI BUD6ET fORECAST BUD6ET -------------------- -------- - -------- -------- ---------- 1 I. DEBT SERVtCE NET OF INTEREST INCOME 2 INTEREST EXPENSE 3,990,039 3,422,151 3,82Z,800 3,9Z�,600 3 PRINCIPAL REPAYMENT 939,411 45,440 80,004 147,917 4 FINANCIN6 C05TS 2,13b,571 265,987 351,967 219,100 5 ; LESS: NON-CASH ITEMS -1,51f,521 -85�,415 -8�8,240 -875,400 6 LESS: 1NTEREST i� MISC. INCQME -1,229,1b3 1,343,�23 -1,387,OOn -1,404,2�7 � --------- --------- --------- --------- 8 I SUbTDTAI 4,324.843 1,985,800 2,025,5b7 1,471,470 9 10 NOl1-ENEA6Y OPERATIN6 C05TS I1 DPERATION5 AND MAINTENANCE 12 PLANT LABOR 741,b7� 842,260 781,000 844,304 . l3 PLANT MpINTENANCE 436,714 552,504 6�0,633 412,411 !4 OTHER PLANT 415,012 39T,645 36p,1Q4 �O1,bU0 15 DISTRIBUTION EffPENSE 144,525 1bb,150 242,740 234,400 16 I 6EMERAt AND ADMINI5TRATIYE 17 S(�ARIES � ENPLDYEE CONP. 624,b35 132,7Q0 �31,800 104,344 18 CONStlLTpNT FEES 306,N7 372,100 310,800 249,800 19 OTNER fiENERAI ir ADMIN. 193,611 3Q0,550 YB2,�44 247,104 20 IINREALIIED UEMAND REVEHtlES 301,144 18�,400 f92,000 173,800 21 --------- -------- --------- -------- 22 SU9TOTAL 3,164,232 ,6�7.895 3,481,533 3,328,817 23 2� C CAPITRL EJIPENDITURES 25 � PLANT 378,84� 82,440 l07,5b8 l31,154 2b UlSTRIBUTIO!! SYSTEM 1b3,571 844,500 b89,145 504,500 27 I OTHER 42,623 31,100 �8,403 61,5Q0 28 --------- -------- --------- --------- 29 SUBIDTAL 1,185,494 9b3,1Q4 9�6,266 697,150 34 i 3] D' CHAN6E IN iiORKIN6 CAP1TAt 32 i OPERATIN6 FUNDS 540,365 -532,344 -89,311 -155,307 33 � ACCOtINTS RECEIVABLE 2,252 20,000 �1,670 -218,820 34 FUEL INVENTORIES 33,216 0 -Z7,174 0 35 OTHER CURRfNT ASSETS 17,335 32,142 1,175 -6,500 36 RESTRIGTEa IHVESTMENTS 10,494,754 -31b,142 -T62,122 t11,217 37 ! Ct1RRENT LIABILITIES -J27,627 �10,994 b49,552 58,540 38 LIABILITIES-RESTRICTED IlIV. 211,455 359,931 1,938 -3,44b 39 --------- -------- --------- --------- �0 SUBFOTAL 11,181,71Q -9J.�S8 371,568 -214,296 41 �2 E EXPAI�SIOk RESERVE fl1ND U U 0 4 43 i 44 jTOTAI DEMAND RfLATED COST6 14,855,834 ,511,841 b,124,434 5,183,741 ------ ------------------------------------------------------- ----------------------------------- ,I I I i .• ., � '� i . . � �-�- � 7��. 07/1l/fl7 • . ' DISTRJCT ENER6Y ST. PAUl, INC. - ENERBY C05T DETAIL FY 198b }981 FY 1987 FY 1988 ENER6Y RfLATED COSTS ACTUAL B D6EI FORECAST BUD6ET , ------------------- -------- --- ------ -------- ---------- ! . FfJEI AND ENER6Y EXPENSf Z �� 2,315,0�2 1 891,282 1,264,500 1,63f,399 3 i NATURRL Ba5 162,190 382,405 470,540 681,7b3 4 � fUEL OIL 305,658 l3,125 ]09,OQQ 11,550 5 PURCHASED STEAM 4],689 10,773 30,OOU 35,241 b � ELECTRICITY 153,�29 ibb,b4Z 44,U00 11�,052 7 j 4TNER 4 U 0 0 9 9 . UNREAI.IZED ENER6Y AEVENUES 20� 1,000 500 1,404 !0 --------- ------ --------- --------- 11 TOTFiI EMER6Y RELATED GOBTS 2,918,212 2 465,T27 1,968,500 2,�7b,005 i --------- -------- --------- ------- i i � I I : - - . • � ��-��-� r • . i' Q/S�f7Ct Ell�y/sT wau�,a�+c. 76 West Kellogg Boulevard St.Paul,MN 55102-1611 (612)297-8955 Contact: Hans Nyman, President District Enerqy St. Paul , Inc. (612) 297-8955 (office) (612) 636-5468 (home) - FOR II�fEDIATE RELEASE DZSTRICT EN_ ERGy FIyg NgW RATES FOR 1987-88 -__ ST. p�L, ��. , July 17 , 1987 - District Energy St. Paul today filed its revised heating rates for 1987-88 . Under the new rates, District Energy' s heatin customers will pay about 3 .26 cents per kilowatt-hour of heat up only 1 .3 percent f rom this year' s cost of 3 .22 cents. "We have worked hard to ma ntain stable rates, " said Hans Nyman, District Energy' s presid nt. He noted that the new rates are only 1 .7 percent higher tha those of four years ago, even though overall consumer prices ave gone up 12 .5 percent during the same period. District Energy' s custaner include 120 large buildings and 300 hcxnes in and near downtvwn t. Paul . The new rates will take effect in October, subject to C ty Council apprwal . District Energy has a two- art rate structure. The energy more . . . `� . , ' �' � � ��-(�� . . STRICT ENERGY FILES 1987-88 RATE ge 2 ly 17 , 1987 c arge, billed according to measur d heat use, covers the cost of el and electricity to operate th system. The demand charge, 'lled in equal monthly installmen s, covers non-fuel operating enses, debt service, and all ot er costs. Under the new rates, the ener portion of the rate will crease to S10 ,46 per megawatt-ho r of ineasurec� energy use from e current $10 .68. The monthly d mand �ate will go to 53 .14 per '1 owatt of contract demand f rom $ .04 . District Enerqy St. Paul is a private, non-profit company erned by a Boa,rd of Directors c osen j ointly by its customers d the Ci ty of St. Paul . The com ny' s di strict heating system 'pes hot water from its main plan at 76 West Kellogg Boulevard over 65 percent of the building it� the dawntawn St. Paul ea. Clistomers use the heat from the water to meet their space ating, water heating and processing needs. The piping system en returns the water to the pla t to be reheated and ec i rcul a ted. # # # : - - . . �: � . • � �-�-�-�73� D I�TF: i�;T Ef�J ERG ' RhTE �T.r,B I LIT`,r� J �- � � _ 3.21 3.23 3.22 3.26 � 3 OS Q j / � J / /Y g � j / ,, ,, � � , d '/ : � � `,/ % �//_ / , r / � ;;j /, � �, . : . , .;,,� ,/', ' - i; ,,' �� %, ' ; i J '; i � � �i � � i i'/ � 'i 1984 1985 1 86 1937 1988 FIS y�R r ' ,r. r ;1+"' - - .: .` -. �, ^` ` l �%.� { > i -�:. . r� T ` s! Y t^R .� '_ ._ s �. . 1 , rxrx �'� f ' • � �,,� ��.� � � i�.. ' /� a � , ,ti'. r t .r .._ � ' q �'., ., �" t'`�,� ° s�"'� � � X Y�� ` ° h � r - ,, � . � � r '�� Y` ,, � 5 �u �Y .:' ;� "1': ,..I '�. 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