Thursday, December 06, 2007

Cost of Power Adjustment

Speaking of the Cost of Power Adjustment (COPA), GVEA recently filed its latest quarterly report for COPA. It might take a while to download. They notice the increase in both oil and anticipated coal increases and having less cheap intertie power available. They see a $5.6mm deficit in collection. Expect our COPA to go up substantively.

They also filed their latest Simplified Rate Filing (SRF), which they can submit, as I recall, every 6 months. It comes with much less notice and filing requirements, but they can only increase rates a small amount with each SRF request. Their latest SRF tariff requestwas just approved.