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HomeMy WebLinkAboutAgenda Packet - April 24, 2006 - CC titi a(O AZUSA CHT & M'ATEE AGENDA ITEM TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AZUSA UTILITY BOARD AND AZUSA CITY COUNCIL FROM: JOSEPH F. HSU, DIRECTOR OF UTILITIES) ( DATE: APRIL 24, 2006 SUBJECT: ELECTRIC UTILITY COST OF SERVICE STUDY RECOMMENDATION It is recommended that the Utility Board/City Council authorize staff to retract the solicitation for consultant proposals to perform a cost of service study for electric utility, and authorize staff to conduct the study in-house. BACKGROUND In January 2006, the Utility Board/City Council authorized staff to solicit proposals from consulting firms to conduct a cost of service study for the electric utility and to determine an appropriate rate structure to equitably recover costs from each customer class. In the course of reviewing consultant proposals and conducting telephone interviews, staff realized that Utilities Department staff would be required to do much of the data gathering and compilation, no matter which consultant was selected. Since data compilation is the most critical and time consuming part of a cost of service study, staff believes the study can be performed in-house with the following advantages: (1) cost savings; (2) conducted at our own pace rather than the consultant's; and (3) represents a good opportunity for staff to apply APPA rate design training to our system's load characteristics and to determine how our current costs are being recovered from current rate structure, and then propose changes to rate design to align rates with actual costs. FISCAL IMPACT Since the study will be performed by in-house staff, no funds will be expended. Prepared by: J. Hsu « * //� (3s San Juan Environmental Project Update April 24, 2006 7 //''' v/) (}44 Background: ❑ The Sierra Club filed a lawsuit in 2003 against the San Juan Generating Station claiming the plant was polluting excessively o Public Service Company of New Mexico (PNM) on behalf of the plant owners unsuccessfully sought to dismiss the lawsuit, the case was heading to a jury trial in late 2004 o In the interest of bringing a finality to the lawsuit, PNM entered into a settlement agreement with the plaintiffs (Consent Decree) in early 2005 agreeing to install state-of- the-art pollution control equipment by date certain 2 045 Environmental Project: ❑ The state-of-the-art pollution control equipment as part of the Consent Decree will control NOx, SO2, particulate matters, and mercury using the best available technology o Initial project was estimated to cost about$110 million based on PNM's own modeling ❑ However, the project initial engineering contractor Sergeant&Lundy's estimate in the summer of 2005 was substantially higher than PNM's own estimate($280 million) o PNM switched the engineering contractor mid-course to Babcock&Wilcox and re-started the engineering design hoping the cost would be minimized o Early this year, PNM confirmed that the project cost would not be reduced to the initial estimate of$110 million,rather it would be closed to$270 million o PNM is seeking owners approval expeditiously to keep the project on track 3 046 The Hindsight: ❑ In the hindsight, mistakes were made in not accepting the initial estimate by Sergeant & Lundy and concentrate the efforts on cost minimization as opposed to re-engineering ❑ Precious time was spent in re-engineering the project for six months while some of the project costs have escalated (cost of steel, concrete etc. . .) ❑ The project management was not up to par for project of this magnitude 4 047 Southern California Public Power Authority (SCPPA) Involvement in the Project: ❑ In the past two months at the urging of the City, SCPPA has been assertive in seeking detailed information about the project timeline, costs, and major outstanding issues ❑ We have received most of the information from PNM and are continuing our review of the information o Several meetings took place with PNM (March 28th, April 5th, 18th) ❑ Incremental progress is been made by PNM to get the project back on track and under control. SCPPA is exerting considerable pressure in seeking the transparency of the process and is succeeding 5 048 • Going Forward: ❑ SJGS owners will exert substantial oversight of the project from this point, SCPPA will be participating , 1. in the process ❑ The cost of the project still faces some upward is pressure for costs that remain unhedged, e.g., steel. k, ❑ Staff will bring back a complete funding mechanism for City's portion of the project in May. Our current projection is $5 million vs. the initial estimate of $2 million 6 049