[Federal Register Volume 64, Number 26 (Tuesday, February 9, 1999)] [Notices] [Pages 6341-6342] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-3113] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY Southeastern Power Administration Proposed Rate Extension, Public Forum, and Opportunities for Public Review and Comment for Cumberland System of Projects
Agency
Southeastern Power Administration, DOE.
Action
Notice of proposed rates.
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Summary
Southeastern Power Administration (Southeastern) proposes to replace Rate Schedules SJ-1, CBR-1-C, CSI-1-C, CK-1-C, CC-1-D, CM-1-C, CEK-1-C, and CTV-1-C applicable to the sale of power from the Cumberland System of Projects and seeks approval of Rate Schedules SJ- 1-A, CBR-1-D, CSI-1-D, CK-1-D, CC-1-E, CM-1-D, CEK-1-D, and CTV-1-D. The new rate schedules are to be effective for a 5-year period, July 1, 1999, through July 30, 2004. Additionally, opportunities will be available for interested persons to review the present rates, the proposed rates and supporting studies, to participate in a forum and to submit written comments. Southeastern will evaluate all comments received in this process.
Dates
Written comments are due on or before May 10, 1999. A public information and comment forum will be held in Nashville, Tennessee on March 16, 1999. Persons desiring to speak at a forum should notify Southeastern at least three days before the forum is scheduled, so that a list of forum participants can be prepared. Others may speak if time permits.
Addresses
Five copies of written comments should be submitted to: Administrator, Southeastern Power Administration, Department of Energy, Samuel Elbert Building, 2 South Public Square, Elberton, Georgia, 30635. The public information and comment forum will begin at 10:00 A. M. (local Nashville time) on March 16, 1999 at the Clubhouse Inn/ Conference Center, 920 Broadway, Nashville, Tennessee, 37203, Phone (615) 244-0150.
For Further Information Contact
Leon Jourolmon, Assistant Administrator, Finance and Marketing, Southeastern Power Administration, Department of Energy, Samuel Elbert Building, 2 South Public Square, Elberton, Georgia, 30635, (706) 213-3800.
Supplementary Information
The Federal Energy Regulatory Commission (FERC) by orders issued December 14, 1994, in Docket No. EF94-3021-000, and August 11, 1997, in Docket No. EF97-3021-000, confirmed and approved Wholesale Power Rate Schedules SJ-1, CBR-1-C, CSI-1-C, CK-1-C, CC-1-D, CM-1-C, CEK-1-C, and CTV-1-C applicable to Cumberland System power for a period ending June 30, 1999. Discussion: Existing rate schedules are predicated upon a June 1994 repayment study and other supporting data contained in FERC Docket No. EF94-3021-000 and upon an October 1997 repayment study and other supporting data contained in FERC Docket No. EF97-3021-000. The current repayment study dated January 1999 shows that existing rates are not adequate to recover all costs required by present repayment criteria. A revised repayment study with a revenue increase of $2,272,000 over the current repayment study demonstrates that rates would be adequate to meet repayment criteria. The additional revenue requirement amounts to a 6 per cent increase in revenues and is due to anticipated increased transmission costs Southeastern pays to Tennessee Valley Authority. The study includes retirement and pension benefit costs not previously recovered. It is proposed that the revised rate schedules contain the following unit rates:
Cumberland System Rates ------------------------------------------------------------------------ ------------------------------------------------------------------------ TVA Rate Schedule: Capacity........................... $1.434 per kw/month Additional Energy.................. 8.631 mills per kwh Outside Preference Customers Rate Schedule (Excluding Customers served through Carolina Power & Light Company): Capacity........................... $2.900 per kw/month Additional Energy.................. 8.631 mills per kwh Customers Served through Carolina Power & Light Company, Western Division: Capacity........................... $3.301 per kw/month Transmission....................... $1.2828 per kw/month Monongahela Power Company Energy....... The lower of 34.2 mills or Monongahela Power Company's avoided cost. ------------------------------------------------------------------------
The referenced repayment studies are available for examination at the Samuel Elbert Building, 2 South Public Square, Elberton, Georgia 30635. Proposed Rate Schedules SJ-1-A, CBR-1-D, CSI-1-D, CK-1-D, CC-1- E, CM-1-D, CEK-1-D, and CTV-1-D are also available.
Dated: January 29, 1999. Charles A. Borchardt, Administrator. [FR Doc. 99-3113 Filed 2-8-99; 8:45 am] BILLING CODE 6450-01-P