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Home My WebLink About2014-0331 Document Submitted at Mtg abr. 10U~~ r C itv of Ashland Electric Overview of Cost of Service Results Utilit Financial Solutions, LLC L(4 ad • s LL Rom ®r CPA, A MBA i i n •I Overview ® Review Five Year Financial Projection ® Review Cost of Service Results ` ` Utility Financial Solutions, LLC Projection Summary No Rate Changes Protected iAYdjuygs'ted K ~r Capital ~Debtx, . ,5F F p k^"'~xi""'*"r'34F,` n e• t Y w. 1"3.x"gt'a.Y 4 "w CdtxFiscal itte P,roteded Protectetlt , Opertinga P,oectedCash~ lmprfovments* Coerage =Year! FQtltustmerits. Re~enu'e~s Ezpen"ses~' 1v~ Incomes, Balances°"~. ` aPlan ~Rat'lo 2014 5.30% $ 14,068,242 $ 14,129,398 $ (61,155) $ 1,920,118 $ 825,000 18.38 2015 0.00% 14,150,467 14,451,051 (300,584) 1,492,048 620,000 9.08 2016 0.00% 14,233,399 14,833,190 (599,791) 836,701 570,000 (2.64) 2017 0.00% 14,317,051 15,227,017 (909,966) (197,225) 660,000 (15.11) 2018 0.00% 14,401,433 15,634,579 1,233,147 1,566,144 695,000 28.38 Recommended Target in 2014 $ 528,223 b t Recommended Target in 2018 $ 554,587' k Recommended Minimum Target in 2014 $ 2,150,511 1.40 Recommended Minimum Target in 2018 $ 2,297,803 1.40 x r Utility Financial Solutions, LLC m Projection Summary Proposed Rate Changes Pro eded J 4d~usted Capital Debt.. Fiscal ate; P,.ro eded' Pro ected O* a atn Pao e'ctedCash°Im pro emerits~Coverage Rc 1 wJ Y rPx g "t`~Ji ~s3 p -Year° A-dJu iM 'O s Reve'nuesr ,Expensese Income, ."Balances"~„, Plan Ratio 2014 5.30% $ 14,068,242 $ 14,129,398 $ (61,155) $ 1,920,118 $ 825,000 18.38 2015 3.50% 14,624,418 14,451,051 173,367 1,965,999 620,000 29.04 2016 3.50% 15,202,712 14,877,055 325,657 2,238,470 570,000 36.88 2017 3.25% 15,767,380 15,313,470 453,910 2,575,429 660,000 43.96 2018 3.00% 16,315,109 15,762,046 553,063 3,005,597 695,000 50.06 Recommended Target in 2014 $ 528,223 Recommended Target in 2018 $ 554,587 Recommended Minimum Target in 2014 $ 2,150,511 1.40 Recommended Minimum Target in 2018 $ 2,301,285 1.40 Utility Financial Solutions, LLC COS Results by Rate Class 201~4~ a a ~A`~fter Pro~ect`ed;, 3%Rate Gostof~ cust'omeWClass Revenues Serq~ice: % changes Iy Adj. Government Single Phase $ 152,801 $ 170,233 11.4% 6.1% Municipal Single Phase 66,385 71,836 8.2% 2.9% Government Three Phase 396,580 446,869 12.7% 7.4% Municipal Three Phase 386,367 355,256 -8.1% .-13.4% Government Primary 818,041. 926,489 13.3% 8.0% Commercial Single Phase 1,993,133 2,236,289 12.2% 6.9% Commercial Three Phase 2,259,814 2,237,137 -1.0% -6.3% Telecom 56,092 55,591 -0.9% -6.2% Residential Single Phase 6,596,584 7,482,118 13.4% 8.1% Outdoor Lighting 18,536 18,791 1.4% -3.9% Seasonal Residential 46,057 55,041 19.5% 14.2% Total $ 12,795,908 $ 14,063,469 9.9% 4.5% Utility Financial Solutions, LLC s n i COS Results by Rate Class Cost of Service Monthly Monthly Total COS Customer Conservation Customer COS Demand COS Energy Customer Class Charge Charge Charge Charge Charge Government Single Phase $ 19.47 $ 6.50 $ 25.97 $ 10.76 $ 0.0319 Municipal Single Phase 41.67 4.84 46.51 13.07 0.0319 Government Three Phase 63.86 33.65 97.51 12.07 0.0318 Municipal Three Phase_ 63.86 65.95 129.82 12.09 0.0320 Government Primary 285.82 1,483.71 11769.52 9.46 0.0320 Commercial Single Phase 41.67 6.34 48.01 10.75 0.0320 CommercialThree Phase 63.86 21.54 85.41 8.82 0.0319 Telecom 9.97 2.03 12.00 - 0.0691 Residential Single Phase 11.50 2.34 13.84 0.0625 Seasonal Residential 11.50 3.28 14.77 0.0717 Utility Financial Solutions, LLC COS Results by Rate Class ~CO~SCustomerECurren'tBas~c Cust~o e~r~Class ~ k~'~C~h`ar~ge~,~; Cla'rkgeR Government Single Phase $ 25.97 $ 15.12 Municipal Single Phase 46.51 56.74 Government Three Phase 97.51 98.35 Municipal Three Phase 129.82 98.35 Government Primary 1,769.52 2,315.25 Commercial Single Phase 48.01 56.74 Commercial Three Phase 85.41 98.35 Telecom 12.00 15.12 Residential Single Phase 13.84 8.45 Seasonal Residential 14.77 8.45 Utility Financial Solutions, LLC 7 .