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Home My WebLink About7g Utility Rates for Electric and Water0 SHAKOPEE PUBLIC UTILITIES MEMORANDUM TO: SHAKOPEE PUBLIC UTILITIES COMMISSSIO FROM: JOHN R. CROOKS, UTILITIES MANAGEit" SUBJECT: UTILITY RATES FOR ELECTRIC AND W ER DATE: MAY 1, 2014 As was provided for the Strategic Planning Workshop held on February 24, 1 am again providing SPUC's 2014 water and electric rates as compared to other utility providers. WATER RATES First a comparison of current water rates with surrounding cities is attached for review. As can be seen, our rates are some of the lowest among neighboring communities. ELECTRIC RATES Second, several attachments are provided to compare electric rates with other electric utilities. Electric rates are somewhat more complicated than a simple comparative analysis. In comparison to Xcel Energy, an investor owned utility, SPUC rates are significantly lower. The first analysis is based on Residential rates. Commercial and Industrial rate show a similar difference in rates and the spreadsheets can also be provided, but the analysis is quite a bit more complicated. The second analysis with Xcel Energy shows the differences in historical rate increases for the past 10 years. The second electric analysis is between SPUC and member communities with the Minnesota Municipal Power Agency (MMPA). MMPA provides wholesale power to Shakopee and the other municipalities on the list. This analysis is unique in that it compares electric rates with cities with the exact same costs for their wholesale power. As can be seen, SPUC rates are very competitive, even with having the same wholesale costs. WATER RATES (x 1,000 GALLONS) BASE CHARGE RESIDENTIAL COMMERCIAL INDUSTRIAL SPUC $3.37 /month 0 -5,000 $2.05 $1.88 $1.64 over 5,000 $2.45 SAVAGE $7.54 /month 0- 12,000 $3.02 Same as Residential Same as Residential 12,001- 16,000 $3.31 over 16,000 $3.65 PRIOR LAKE $10.00 /quarterly 0- 25,000 $3.65 Same as Residential Same as Residential over 25,000 $5.03 CHANHASSEN $7.74 /quarterly 0 -6,000 $1.07 Same as Residential Same as Residential 6,001 - 24,000 $2.14 24,001- 48,000 $2.67 over 48,000 $3.94 JORDAN $7.59 /month 0- 30,000 $4.15 Same as Residential Same as Residential 30,001- 60,000 $5.31 over 60,000 $6.46 CHASKA $2.98 /month 0 -7,000 $2.13 0. 20,000 $1.80 0 -9,000 $1.56 7,001- 20,000 $2.23 over 20,000 $1.93 over 9,000 $1.72 20,001- 30,000 $2.36 30,001- 40,000 $2.61 over 40,000 $3.01 EDEN PRAIRIE $25.30 /quarterly 0- 24,000 $1.90 $1.95 $1.95 24,001 - 40,000 $2.50 40,001- 60,000 $3.45 60,001- 90,000 $4.25 over 90,000 $4.60 2014 Xcel- Interim and 2014 SPUC Rate Comparison SPUC Residential Rate Analysis Annual Monthly SPUC Residential Rate Total: $ 1,161.95 $ 96.83 Xcel Residential Rate Total: $ 1,265.27 $ 105.44 Difference: $ (103.32) $ PCA Relocation Conservation Total 6.61% Usage Customer Total Energy Charge per Underground Program Additional Total Month Charge kWh Charges kWh Charge Charge Charges Charges Jan -13 $ 8.00 812 $ 80.23 $ 1.46 $ 0.04 $ 1.35 $ 2.85 $ 91.07 Feb -13 $ 8.00 812 $ 80.23 $ 2.19 $ 0.04 $ 1.36 $ 3.59 $ 91.82 Mar -13 $ 8.00 812 $ 80.23 $ 1.62 $ 0.04 $ 1.35 $ 3.01 $ 91.24 Apr -13 $ 8.00 812 $ 80.23 $ 4.06 $ 0.04 $ 1.38 $ 5.49 $ 93.71 May -13 $ 8.00 812 $ 80.23 $ 8.20 $ 0.04 $ 1.45 $ 9.69 $ 97.91 Jun -13 $ 8.00 812 $ 80.23 $ 13.48 $ 0.04 $ 1.53 $ 15.05 $ 103.27 Jul -13 $ 8.00 812 $ 80.23 $ 13.97 $ 0.04 $ 1.53 $ 15.54 $ 103.77 Aug -13 $ 8.00 812 $ 80.23 $ 16.48 $ 0.04 $ 1.57 $ 18.10 $ 106.32 Sep -13 $ 8.00 812 $ 80.23 $ 16.48 $ 0.04 $ 1.57 $ 18.10 $ 106.32 Oct -13 $ 8.00 812 $ 80.23 $ 1.30 $ 0.04 $ 1.34 $ 2.68 $ 90.91 Nov -13 $ 8.00 812 $ 80.23 $ 3.25 $ 0.04 $ 1.37 $ 4.66 $ 92.89 Dec -13 $ 8.00 812 $ 80.23 $ 3.09 $ 0.04 $ 1.37 $ 4.50 $ 92.72 Total $ 96.00 9744 $ 962.71 $ 85.58 $ 0.49 $ 17.17 $ 103.24 $1,161.95 Xcel Residential Rate Analysis Annual Monthly SPUC Residential Rate Total: $ 1,161.95 $ 96.83 Xcel Residential Rate Total: $ 1,265.27 $ 105.44 Difference: $ (103.32) $ (8.61) Fuel Cost Resource 6.61% Total Usage Customer Total Total kWh Charge per Adjustment Interim Additional Total Month Charge kWh Charges kWh per kWh EIR per kWh Rate Adj Charges Charges Jan -13 $ 10.00 812 $ 60.03 $ 23.09 $ 2.64 $ $ 4.63 $ 30.36 $ 100.39 Feb -13 $ 10.00 812 $ 60.03 $ 23.56 $ 2.64 $ - $ 4.63 $ 30.83 $ 100.87 Mar -13 $ 10.00 812 $ 60.03 $ 22.72 $ 2.64 $ $ 4.63 $ 29.99 $ 100.02 Apr -13 $ 10.00 812 $ 60.03 $ 23.21 $ 2.64 $ $ 4.63 $ 30.48 $ 100.51 May -13 $ 10.00 812 $ 60.03 $ 26.28 $ 2.64 $ - $ 4.63 $ 33.55 $ 103.58 Jun -13 $ 10.00 812 $ 70.41 $ 26.80 $ 2.64 $ $ 5.32 $ 34.76 $ 115.17 Jul-13 $ 10.00 812 $ 70.41 $ 25.68 $ 2.64 $ $ 5.32 $ 33.64 $ 114.05 Aug -13 $ 10.00 812 $ 70.41 $ 24.59 $ 2.64 $ $ 5.32 $ 32.54 $ 112.95 Sep -13 $ 10.00 812 $ 70.41 $ 23.54 $ 2.64 $ $ 5.32 $ 31.50 $ 111.90 Oct -13 $ 10.00 812 $ 60.03 $ 23.85 $ 2.64 $ $ 4.63 $ 31.12 $ 101.15 Nov -13 $ 10.00 812 $ 60.03 $ 24.17 $ 2.64 $ $ 4.63 $ 31.44 $ 101A7 Dec -13 $ 10.00 812 $ 60.03 $ 25.91 $ 2.64 $ $ 4.63 $ 33.18 $ 103.21 Total $ 120.00 9744 $ 761.88 $ 293.40 $ 31.70 $ $ 58.29 $ 383.39 $ 1,265.27 5/1/2014 Annual Monthly SPUC Residential Rate Total: $ 1,161.95 $ 96.83 Xcel Residential Rate Total: $ 1,265.27 $ 105.44 Difference: $ (103.32) $ (8.61) Percentage of Xcel Total: -8.17% 5/1/2014 2014 Xcel and 2014 SPUC Rate Comparison SPUC Residential Rate Analysis PCA Relocation Conservation Total Usage Customer Total Energy Charge per Underground Program Additional Total Month Charge kWh Charges kWh Charge Charge Charges Charges Jan -13 $ 8.00 812 $ 80.23 $ 1.46 $ 0.04 $ 1.35 $ 2.85 $ 91.07 Feb-13 $ 8.00 812 $ 80.23 $ 2.19 $ 0.04 $ 1.36 $ 3.59 $ 91.82 Mar -13 $ 8.00 812 $ 80.23 $ 1.62 $ 0.04 $ 1.35 $ 3.01 $ 91.24 Apr -13 $ 8.00 812 $ 80.23 $ 4.06 $ 0.04 $ 1.38 $ 5.49 $ 93.71 May -13 $ 8.00 812 $ 80.23 $ 8.20 $ 0.04 $ 1.45 $ 9.69 $ 97.91 Jun -13 $ 8.00 812 $ 80.23 $ 13.48 $ 0.04 $ 1.53 $ 15.05 $ 103.27 Jul-13 $ 8.00 812 $ 80.23 $ 13.97 $ 0.04 $ 1.53 $ 15.54 $ 103.77 Aug -13 $ 8.00 812 $ 80.23 $ 16.48 $ 0.04 $ 1.57 $ 18.10 $ 106.32 Sep-13 $ 8.00 812 $ 80.23 $ 16.48 $ 0.04 $ 1.57 $ 18.10 $ 106.32 Oct -13 $ 8.00 812 $ 80.23 $ 1.30 $ 0.04 $ 1.34 $ 2.68 $ 90.91 Nov -13 $ 8.00 812 $ 80.23 $ 3.25 $ 0.04 $ 1.37 $ 4.66 $ 92.89 Dec -13 $ 8.00 812 $ 8023 $ 3.09 $ 0.04 $ 1.37 $ 4.50 $ 9272 Total $ 96.00 9744 $ 962.71 $ 85.58 $ 0.49 $ 17.17 $ 103.24 $ 1,161.95 Xcel Residential Rate Analysis Fuel Cost Resource Total Usage Customer Total Total kWh Charge per Adjustment Additional Total Month Charge kWh Charges kWh per kWh EIR per kWh Charges Charges Jan -13 $ 10.00 812 $ 60.03 $ 23.09 $ 2.64 $ $ 25.73 $ 95.77 Feb-13 $ 10.00 812 $ 60.03 $ 23.56 $ 2.64 $ $ 26.21 $ 96.24 Mar -13 $ 10.00 812 $ 60.03 $ 22.72 $ 2.64 $ $ 25.36 $ 95.39 Apr -13 $ 10.00 812 $ 60.03 $ 23.21 $ 2.64 $ $ 25.85 $ 95.88 May -13 $ 10.00 812 $ 60.03 $ 26.28 $ 164 $ - $ 28.92 $ 98.95 Jun -13 $ 10.00 812 $ 70.41 $ 26.80 $ 164 $ $ 29.45 $ 109.85 Jul-13 $ 10.00 812 $ 70.41 $ 25.68 $ 2.64 $ $ 28.32 $ 108.73 Aug -13 $ 10.00 812 $ 70.41 $ 24.59 $ 2.64 $ $ 27.23 $ 107.64 Sep-13 $ 10.00 812 $ 70.41 $ 23.54 $ 2.64 $ $ 26.18 $ 106.59 Oct -13 $ 10.00 812 $ 60.03 $ 23.85 $ 2.64 $ $ 26.49 $ 96.52 Nov -13 $ 10.00 812 $ 60.03 $ 24.17 $ 2.64 $ $ 26.81 $ 96.84 Dec -13 $ 10.00 812 $ 60.03 $ 25.91 $ 2.64 $ $ 28.55 $ 98.68 Total $ 120.00 9744 $ 761.88 $ 293.40 $ 31.70 $ $ 325.10 $ 1,206.98 Annual Monthty SPUC Residential Rate Total: $ 1,161.95 $ 96.83 Xcel Residential Rate Total: $ 1,206.98 $ 100.58 Difference: $ (45.03) $ (3.75) Percentage of Xcel Total: -3.73% 5/1/2014 ELECTRIC RATE INCREASE COMPARISON XCEL sPUC 2005 2006 2007 6.3% Reorganization of rates 2008 2009 2010 2011 2012 3.5% 2.0%-2.25% 2.7% 3.8%-6.0% 2013 3.8% 2014 4.6% interim 10 years: 10 years: 20.9% 5.8%-8.25% JANUARY 2014 ELECTRIC RATE COMPARISON Residential Service Charge Energy Charge SPUC $8.00 0.0988 Chaska (2008) $4.65 5 - 0.0947 W - 0.0837 Anoka $9.70 5 - 0.1110 W - 0.0990 LeSueur $7.25 0.10099 N. St. Paul $7.00 5 - 0.11244 W - 0.10176 Elk River $10.00 S - 0.1299 W - 0.1161 E. Grand Forks $7.75 0.09749 Olivia $6.00 0.083 Arlington $5.00 - $10.00 0.085 Buffalo $5.00 0.0595