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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/01/2016 - ITEMS RELATING TO 2017 UTILITY RATE ORDINANCESAgenda Item 11 Item # 11 Page 1 AGENDA ITEM SUMMARY November 1, 2016 City Council STAFF Lance Smith, Strategic Financial Planning Manager SUBJECT Items Relating to 2017 Utility Rate Ordinances. EXECUTIVE SUMMARY A. First Reading of Ordinance No. 122, 2016, Amending Chapter 26 of the Code of the City of Fort Collins to Revise Electric Rates, Fees and Charges. (Option 1 or Option 2) B. First Reading of Ordinance No. 123, 2016, Amending chapter 26 of the Code of the City of Fort Collins to Revise Water Rates, Fees and Charges. (Option 1 or Option 2) C. First Reading of Ordinance No. 124, 2016, Amending Chapter 26 of the Code of the City of Fort Collins to Revise Wastewater Rates, Fees and Charges. D. First Reading of Ordinance No. 125, 2016, Amending Chapter 26 of the Code of the City of Fort Collins to Revise Stormwater Rates, Fees and Charges. (Option 1 or Option 2) The purpose of this item is for Council to consider adopting rate changes for electric, water, wastewater and stormwater monthly charges beginning in January 2017. It is unusual to have all four utilities request a rate increase in a single year. It may also seem counterintuitive that the utility budgets are decreasing in 2017 yet rate increases are being proposed. However, the extensive capital improvement planning and long term financial planning processes ahead of this Budgeting For Outcomes cycle have identified the need for rate increases in each utility in 2017 despite the budget reductions. The proposed rate increases for 2017 and 2018, as well as the primary driver behind the requested increases, are outlined in the table below. Agenda Item 11 Item # 11 Page 2 Proposed Revenue Adjustments Utility Service 2017 2018 Primary Driver Electric 3.45% 1.80% Insufficient Operating Income Water 5.00% 5.00% Inadequate Available Reserves to support 10 year Capital Improvement Plan Wastewater 3.00% 3.00% Revenue shortfalls in 2015 and 2016 Stormwater 5.00% 0.00% Inadequate Available Reserves to support 15 year build-out of infrastructure STAFF RECOMMENDATION Staff recommends adoption of the rate increases as included in the 2017 Budget being considered at this meeting. Staff recommends adoption of the Ordinances on First Reading. Staff recommends adoption of the Ordinance allocating the whole electric rate increase to the fixed or base monthly service charge (labeled Option 2 below) as well as the adoption of the Ordinances which include a 5% increase for water (Option 2) and stormwater (Option 1) monthly charges. BACKGROUND / DISCUSSION 2017-18 Budgets for Utility Funds There is a direct connection between utility rates and the biennial budget. Monthly service charges need to be adequate to meet operating expenses for each utility and to provide additional revenues to support ongoing infrastructure renewal and improvements that may be necessary in the next budget cycle. However, there are also long-term planning considerations which may drive the need for rate adjustments. That is the situation this year. The CMRB 2017-18 includes significant reductions in the overall Utilities budget. These reductions are not the result of reducing services but rather are driven by a concerted effort to build up each Fund’s budget from the bottom up as a way of reducing the annual underspend that is inherent in a municipal utility budget. The resulting budgets are expected to still be sufficient for each utility however, reducing the budgets increases the likelihood that an unexpected event may require staff to request an off-cycle appropriation from Council. The table below summarizes the 2017 budgets relative to the 2016 adjusted budgets. Agenda Item 11 Item # 11 Page 3 Budget Change Budget Change 2016-2017 2016-2017 ELECTRIC $143.8 $141.2 ($2.6) -1.9% Reduced O&M 10%; Increased capital based on CIP WATER * $46.6 $34.8 ($11.8) -25.4% Reduced O&M 2.2%; Reduced capital from $20M to $9M WASTEWATER $28.5 $25.5 ($3.0) -10.4% Reduced O&M 2.1%; Reduced capital from $10M to $7M STORMWATER ** $16.7 $18.7 $2.0 12.2% O&M increased 4.0%; Increased capital from $5M to $7M Customer Service & Administration $18.1 $17.2 ($0.9) -5.2% Reduced Customer Connections 3.1% and Administration 7.8% Total Utilities $253.7 $237.4 ($16.3) -6.4% Every manager’s budget was reviewed at the line item level and adjusted based on 2015 actual spend * Assumes 5% rate increase for Water ** Assumes 5% rate increase for Stormwater UTILITY 2017 Budget $M Comments 2016 Budget $M Attachment 2 provides a one page summary of each Utility Fund’s 2017-18 budgets by Offer as in the City Manager’s Recommended Budget. These summaries also show the use of Available Reserves and the expected Available Reserve balances at the end of 2018. For Water and Stormwater there are two one page summaries based on feedback that consideration should be given to limiting those rate increases to 3.0% rather than 5.0%. 2016 Capital Improvement Plans and Long-term Financial Planning The prioritized 2016 Capital Improvement Plan (CIP) for each utility was presented to the Council Finance Committee (CFC) in April 2016. At that time it was recognized that it is not possible to meet the capital needs of each utility necessary to maintain the current levels of service being provided with existing rates and use of Available Reserves. As discussed in Attachment 3 this is not the result of deferring infrastructure investment in the past but rather is the result of significant increases in the expected capital investment over the coming decade compared to the previous decade. After further analysis staff returned to the CFC in June 2016 with a path forward based on a 10 year financial model for each utility to meet the long term infrastructure renewal and additional capacity needs. The path forward, or Strategic Financial Plan (SFP), was unique to each utility but each was based on the central tenets presented at the April CFC meeting. Those tenets incorporated into the financial modeling were: 1. Meet minimum Reserve requirements 2. Maintain current credit ratings for each Enterprise Fund and the City 3. Limit rate increases to no more than 5% annually 4. Adjust rates when: a. Previous 3 years averaged negative operating income b. Debt coverage ratio is projected to drop below 2.0 in the next year c. Available Reserves are insufficient for near term necessary capital investment d. Any purchased power cost increase is expected from Platte River 5. Issue debt when: a. Capital expenses are forecasted to exceed Available Reserves over the next 5 years Agenda Item 11 Item # 11 Page 4 Tenet 4 provides an objective, quantitative method that could be utilized for future rate adjustments. It would determine when and why rate adjustments are necessary in a consistent manner and direct attention toward the root drivers of any such adjustment. The resulting financial models for each utility suggest that gradual, modest rate increases and some debt issuances will allow each utility to meet the capital investments identified over the coming 10-15 planning horizon. Below is a brief overview of this effort for each utility taken from Attachment 3. Light & Power Fund’s SFP For Light & Power, the SFP presented to the CFC in June 2016 required no additional debt issuances. The current outstanding debt will be retired in 2021. Rate increases will be necessary as Platte River moves forward with meeting the Clean Power Plan and the distribution system is renewed. The 10 year rate forecast for the electric utility is: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Rate Increase 2-5% 2-4% 2-4% 2-4% 2-4% 2-4% 2-4% 2-4% 2-4% 2-4% * Rate increases may change depending on what PRPA needs each year. Included in the above rate forecast is 2.5% annually for purchased power increases. Not included in the above forecast is any additional rate adjustment that may be necessary to achieve the Road to 2020 objectives although it is not anticipated that a full 1.5% will be necessary annually for the distribution system. Water Fund’s SFP For Water the 10-year prioritized CIP that was presented to the Water Board and the CFC in April 2016 projects that necessary capital improvements over the coming decade will be at a rate that is twice what it has been over the past decade. It is also front heavy in capital needs. The SFP outlined a path forward which required leveling the capital investment over the coming 10 years to the extent possible and allows for modest rate adjustments and debt issuances. The need and schedule for debt issuances will be discussed with the CFC in December 2016. The 10 year rate forecast and anticipated debt issuances for the water utility are: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Rate Increase 0-5% 1-5% 1-3% 1-3% 3-5% 3-5% 3-5% 3-5% 3-5% 3-5% Debt Issuance $30M $20-30M $3-5M * $160M of capital work is expected to be needed between 2017 and 2026 NOT including Halligan Wastewater Fund’s SFP For Wastewater no additional debt is anticipated to be necessary over the next decade in the SFP. However, rate increases will be necessary to address the ongoing operating revenue shortfall. The 10 year rate forecast for the wastewater utility is: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Rate Increase 1-3% 1-3% 1-3% 1-3% 1-3% 0-3% 0-3% 0-3% 0-3% 0-3% * $80M of capital work is expected to be needed between 2017 and 2026. Agenda Item 11 Item # 11 Page 5 Stormwater Fund’s SFP For Stormwater in order to complete the initial build-out of all the major outfalls significant capital investment will be needed. The original 10 year CIP would have required issuing too much debt at once so the plan was stretched out over 15 years. This will address the majority of existing deficiencies. Some rate increases will be necessary but the capital investment will mainly be funded through debt. The 10 year rate forecast and anticipated debt issuances for the stormwater utility are: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Rate Increase 0-3% 0-3% 0-3% 0-3% 0-3% 0-3% 0-3% 0-3% 0-3% 0-3% Debt Issuance $20-25M $20-25M $5-10M *$156M of capital work is expected to be needed between 2017 and 2031. 2017 Proposed Rate Increases Light & Power A 3.45% rate increase is being proposed for the Light & Power Fund in 2017. This proposed rate adjustment is being driven by the need to increase operating income for the distribution Enterprise Fund and an increase in the purchased power costs from Platte River. The proposed retail rate increase will become effective on January 1, 2017 and will vary by rate class. The proposed wholesale increase from Platte River will also be effective in January 1, 2017, but not officially approved by its Board until late October. Both Platte River and the City have rates that vary by season. Summer rates are effective for June, July and August with the non- summer rates in effect for the remaining nine months of the year. The increase in Platte River’s 2017 wholesale rate is currently projected to be 3.0%. Within this increase, PRPA is proposing to modify the individual components for energy and demand for the summer and winter seasons, as shown in the table below. Charge 2016 Approved Tariff 2017 Proposed Budget % Change Demand – Summer (per kW) $11.33 $11.33 0% Demand – Winter (per kW) $7.91 $8.64 9% Energy – Summer (per kWh) $0.04121 $0.04200 2% Energy – Winter (per kWh) $0.03954 $0.04028 2% At the wholesale level, the energy charge will increase 1.9% for both seasons. The demand charge for the summer season will remain flat, with no increase, while the winter demand charge will increase by 9.2%. For Fort Collins Utilities customers, the above rates will be a pass through and equal a 1.9% increase for energy and a 5.7% increase for demand (blended on an annual basis), as calculated on total billed mix for 2015. The overall wholesale increase of 3.0% will equate to an approximate increase of 2.2% at the retail level. In addition, Fort Collins Utilities is proposing a 1.25% increase for the distribution system, for an overall average increase of 3.45%. There are three drivers behind the requested increase for the distribution system: 1. The Light & Power Fund intentionally has been drawing down reserves through negative operating income. As an Enterprise Fund, it is expected to generate positive operating income. Now that the reserves have been drawn down a rate increase is necessary to generate sufficient operating revenues. Agenda Item 11 Item # 11 Page 6 2. Several ongoing operating expenses were approved in 2015 and 2016 for the Road to 2020 efforts. 3. The 2016 CIP shows capital needed over the next decade is on par with what was spent in the last decade at $8-9M annually. However, there is no expectation of another large grant (like the $16M Smart Grid Investment Grant) so revenues will have to increase to meet these needs. The cost of service model is updated every two years, and was last updated in 2014 for 2015. Staff updated the cost of service model again in 2016 for 2017. The rate class percentage adjustments are shown in the graph below. The horizontal line represents the average retail increase of 3.45%. Variations by rate class are due to multiple factors, including changes in total consumption (either up or down), changes in customer counts, changes in load factors, and dependent on specific costs and allocations to each rate class. As the graphs shows, no one particular rate class varies, either up or down, by more than one percent from the average of 3.45% increase. The 4.2% increase to the residential rate class could be applied to both fixed and variable charges or to just one or the other. All rates below are without the 6% payment in lieu of tax. Staff is presenting two options for Council’s consideration on how to apply the 4.2% rate increase to residential customers: Option 1 - Increase the monthly fixed charge from $5.07 to $5.79 as the cost of service model shows is necessary. The distribution facilities charge would also increase from $0.0238/kWh to $0.0256/kWh. This allows the clear delineation of what is in the fixed charge to be maintained. Option 2 - Leave the distribution facilities charge unchanged and put the entire rate increase (excluding wholesale increases) in the monthly fixed charge. This would increase the fixed charge from $5.07 to $6.94. Doing this would stabilize revenues by allowing more of the fixed costs to be included in the fixed charge. Staff is recommending this option. See Attachment 4 for the context of the CFC discussion on fixed charges in September 2016. Agenda Item 11 Item # 11 Page 7 2016 Option 1 Option 2 Component Current COS Model No Change to kWh Fixed Charge $ 5.07 $ 5.79 $ 6.94 Distribution kWh $ 0.0238 $ 0.0256 $ 0.0238 2017 Options In addition to the changes in City Code related to the rate increase there is also a change to recognize an income qualified community solar project. Light & Power is installing a solar array on the roof of the City- owned building at 518 Loomis Street in October 2016 to benefit low-income customers. Utilities will rely on the Low Income Energy Assistance Program’s (LEAP’s) qualification process to verify household income and select participants. The monthly production of the solar array will be split equally between participating households. Much like the existing community solar garden array, a monthly bill credit will be applied to those households. It is expected to benefit around 20 income-qualified households. Water The 2016 operating revenues are expected to be $300-500K short of the budgeted projection. This updated forecast negatively impacts the debt capacity of this Enterprise Fund. Low Available Reserves in this Fund and the need to maintain the debt capacity for a near term debt issuance are driving the need for a 5% rate increase in 2017 and 2018. The cost of service study for the Water Fund was updated in 2015. Since all rate class adjustments needed from the results of that study were made in 2016, the proposed increase for 2017 will be the same for all rate classes. After looking at the current Available Reserves and the near term capital needs outlined in the CIP ($33M in 2017-18 alone), the amount of capital work in the CMRB 2017-18 is $22M, or $11M less than the CIP. This is because the current rates cannot support the 5 year capital needs of this Enterprise Fund. As discussed above, there is also a need to issue debt in the near term. Staff is presenting two options for Council’s consideration on the magnitude of the proposed rate increase for 2017: Option 1 - Increases monthly charges by 5.0% in 2017 for all water customers. A 5% rate increase will increase the debt capacity of this Fund by $8-15M, which along with a portion of the debt service that will be retired in 2018, will allow for the issuance of revenue bonds in 2018. By increasing the rates in 2017 it will be clear to the bond rating agencies that net pledged revenues will be sufficient to pay all future debt obligations. Option 2 – Increases monthly charges by 3.0% in 2017 for all water customers. A 3% rate increase in the Water Fund would require some Offers in the CMRB 2017-18 to be unfunded or funded at a lesser amount in 2017 and 2018. It would also lessen the increase of the debt capacity of this Fund and reduce 2017 revenues by $520,000. Agenda Item 11 Item # 11 Page 8 Ramifications of limiting rate increases to 3.0% in the Water Fund Lowers annual revenue increase by $500K Near term (2017-18) offers not funded or reduced 2017 2018 Offer 6.19 - Conservation Coordinator (unfunded) $70K Offer 6.23 - Utility Inspector (unfunded) $85K Offer 6.28 - Water Vulnerability Assessment (unfunded) $250K Offer 6.26 - Underground Electric Supply (reduced) $95K Offer 6.29 - Cathodic Protection (reduced) $1.0M Longer term (2017-26) would reduce revenues by at least $10M and delay capital improvements Wastewater There is a 3.0% overall rate increase proposed for the Wastewater Utility in 2017. Operating revenues for the Wastewater utility continue to be below budget. The 3.0% increases in both 2017 and 2018 in the CMRB 2017-18 are expected to adequately address this revenue shortfall. The cost of service study for the Wastewater fund was updated in 2015. Since all rate class adjustments needed from the results of that study were made in 2016, the 3% increase for 2017 will be the same for all rate classes. The main driver for the 2017 increase is related to the ongoing revenue shortfall that has continued in 2016. This revenue shortfall impacts the Enterprise Fund’s ability to financially support the 10-year CIP. These modest rate adjustments in both 2017 and 2018 are expected to address this continued revenue shortfall and put this Fund on a path to provide sufficient Available Reserves to complete the 10-year CIP without the need to issue new debt. This Fund is also projected to have sufficient Available Reserves to implement anticipated nutrient removal requirements just beyond the 10-year horizon without needing to issue addition debt. Stormwater A 5% rate increase is being proposed for the Stormwater Fund in the CMRB 2017-18. Operating revenues are higher than budgeted due to growth and annexations in 2016. Together with the proposed 5% rate increase these additional revenues will increase the debt capacity of the Stormwater Fund by $12-25M allowing the initial build out of much of the stormwater infrastructure to be on a 15-year completion schedule beginning in 2017. Option 1 - Increases monthly charges by 5.0% in 2017 for all stormwater customers. A 5% rate increase will increase the debt capacity of this Fund by $12-25M, which along with a portion of the debt service that will be retired in 2018, will allow for the issuance of revenue bonds in 2017. By increasing the rates in 2017 it will be clear to the bond rating agencies that net pledged revenues will be sufficient to pay all future debt obligations. Option 2 – Increases monthly charges by 3.0% in 2017 for all stormwater customers. A 3% rate increase in the Stormwater Fund would reduce some stream rehabilitation Offers in the CMRB 2017- 18. It would also lessen the increase of the debt capacity of this Fund. Agenda Item 11 Item # 11 Page 9 Ramifications of limiting rate increase to 3.0% in the Stormwater Fund Lowers annual revenue increase by $300K Near term (2017-18) offers not funded 2017 2018 Offer 8.6 - Stream Rehabilitation Program (unfunded in 2017; reduced in 2018) $350K $300K Longer term (2017-31) would reduce revenues by $4.5M Alternative - Debt Issuance in 2017 Utilize proceeds to support capital improvements Giving priority to stream restoration Plant Investment Fees No changes are proposed for any of the utility Plant Investment Fees (PIFs) in 2017 at this time. A review of the Electric Capacity Fees (ECF) will be presented to the Council Finance Committee at the December 19, 2016 meeting and then to the Council at the January 10, 2017 Work Session. Depending on Council direction, the ECF may be adjusted later in 2017. The water, wastewater and stormwater plant investment fees will be reviewed as part of the biannual cost of service studies in 2017. CITY FINANCIAL IMPACTS Impact to Enterprise Funds The proposed rate increases are necessary to support both the near term budget and the long term capital improvement plans necessary to maintain the current levels of service being provided to our community. Adoption of these Ordinances will improve the financial resiliency of each utility. Summary Utility Bill Comparisons A typical residential customer, based on average use for each utility service, would see an increase of $6.52 per month on their total utility bill, if they receive all four utility services through the City. This represents a 4.00% increase in monthly utility costs. ELECTRIC WATER WASTEWATER STORMWATER TOTAL Current 2016 $68.21 $43.57 $35.07 $14.26 $161.11 Proposed 2017 $71.07 $45.75 $36.12 $14.97 $167.91 $ Increase $2.86 $2.18 $1.05 $0.71 $6.80 % Increase 4.2% 5.0% 3.0% 5.0% 4.2% Comparing rates between communities provides one point of contrast but it should be done carefully. Rates are a function of the utility infrastructure age, management and operation. Rates can be depressed by deferring capital improvements, for example. It is not possible to fully understand all of the drivers behind what other communities may consider in their rate decisions. Nevertheless, below are a few comparisons of the proposed 2017 utility rates for several neighboring communities. The first table shows the estimated bill for a typical residential customer. Because of the large increases being proposed in some communities the gap shown in the total utility bill for the other communities with all 4 services is shrinking in 2017. Agenda Item 11 Item # 11 Page 10 ELECTRIC WATER WASTEWATER STORMWATER TOTAL Loveland $71.37 $37.06 $28.23 $13.68 $150.34 Longmont $65.78 $38.08 $34.64 $13.05 $151.55 Boulder $79.67 $38.71 $30.53 $14.54 $163.45 Greeley $79.67 $52.89 $20.62 $6.97 $160.15 Ft Collins $71.07 $45.75 $36.12 $14.97 $167.91 Colorado Springs $88.28 $82.49 $31.27 N/A $202.04 Considering all customers the absolute percentage increases tend to be less modest than in Fort Collins: ELECTRIC WATER WASTEWATER STORMWATER TOTAL Loveland 6.50% 9.00% 11.00% 9.60% 8.20% Longmont 4.00% 21.00% 3.00% 0.00% 7.20% Boulder 0.00% 8.00% 5.00% 8.00% 3.40% Greeley 0.00% 3.00% 0.00% 8.00% 1.30% Ft Collins 3.45% 5.00% 3.00% 5.00% 3.90% Colorado Springs 3.30% 6.00% 0.00% N/A 3.80% BOARD / COMMISSION RECOMMENDATION The electric rate increase was presented to the Energy Board at its October 6, 2016 Regular Meeting. The Energy Board supported the 3.45% rate increase and recommends doing so by putting the entire increase into the fixed charge. The motion carried unanimously. Please see the attached draft meeting minutes (Attachment 1). The water, wastewater and stormwater rate increases were presented to the Water Board at its October 20, 2016 Regular Meeting. The Water Board supported the 5% increase (Option 1 above) for the Water Fund and the 3% increase to the Wastewater Fund unanimously. At the time the Water Board meeting was scheduled only a 3% rate increase was presented to the board for consideration. The Water Board also supported the 3% increase in Stormwater by a 9-1 vote. Please see the attached draft meeting minutes (Attachment 5). PUBLIC OUTREACH Notice of the proposed electric rate increase was published in the Coloradoan, and a mailing was sent to all electric customers residing outside of the city limits in accordance with state requirements. Staff plans to conduct outreach to all customers following the adoption of the Ordinances through mailings, face-to-face meetings and social media. Agenda Item 11 Item # 11 Page 11 ATTACHMENTS 1. Energy Board minutes, October 6, 2016 (draft) (PDF) 2. All Utilities Master Summary (PDF) 3. Council Finance Committee Agenda Item Summary - Utilities Strategic Financial Plan, June 20, 2016 (PDF) 4. Council Finance Committee Agenda Item Summary-Residential Electric Rate Structure, September 19, 2016 (PDF) 5. Water Board minutes, October 20, 2016 (draft) (PDF) 6. Powerpoint presentation (PDF) DRAFT: Energy Board Minutes October 6, 2016 1 DRAFT: Energy Board Minutes October 6, 2016 DRAFT: Fort Collins Utilities Energy Board Minutes Thursday, October 6th, 2016 Energy Board Chairperson City Council Liaison Pete O’Neill, 970-223-8703 Ross Cunniff, 970-420-7398 Energy Board Vice Chairperson Staff Liaison Nick Michell, 970-215-9235 Tim McCollough, 970-305-1069 Roll Call Board Present: Chairperson Pete O’Neill, Vice Chairperson Nick Michell, Board Members Alan Braslau, Greg Behm, Stacey Baumgarn and Councilman Ross Cunniff. Staff Present: Cyril Vidergar, John Phelan, Lance Smith, Tim McCollough, Christie Fredrickson, Randy Reuscher PRPA: Paul Davis Members of the Public: Rick Coen … 2017 Utility Rates Lance Smith, Utilities Strategic Financial Director Randy Reuscher, Utility Rate Analyst (attachments available upon request) Mr. Reuscher asked if the Board supports a retail electric rate increase of 3.45% (included two options to achieve the increase). Mr. Reuscher also asked the Board to vote on the following motion: “Motion to support the 2017 electric increase of 3.45% overall, with variation by rate class based on the recent cost of service model update, and to support increasing the fixed charge based on option (1 or 2), as presented.” Current Option #1 - Cost of Service Option #2 – Fixed Charge Fixed Charge $5.07 $5.79 $6.94 Distribution kWh $0.0238 $0.0256 $0.0238 Board members inquired which option might encourage the most conservation, and Mr. Phelan said the proposed rate increases are so small in both plans that there would be very little impact from a conservation perspective. Mr. Smith said a rate increase is necessary to cover the City’s Platte River Power Authority Bill, operating costs, reliability and redundancy. He added that the $14M currently in reserves will be used to help cover increased expenses and Utilities will still have enough in reserves to meet minimum requirements. ATTACHMENT 1 DRAFT: Energy Board Minutes October 6, 2016 2 DRAFT: Energy Board Minutes October 6, 2016 Chairperson O’Neill made a motion to support the 2017 electric increase of 3.45% overall, with variations by rate class based on the recent cost of service model update and to support increasing the fixed charge based on Option 2, as presented. Vice Chairperson Michell seconded the motion Motion passed unanimously 5-0 LIGHT & POWER FUND Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $122,814,300 $117,450,191 $128,159,300 $126,490,000 $130,530,000 % Change -4.4% 9.1% -1.3% 3.2% PIF / Contributions $3,150,000 $4,435,202 $3,150,000 $3,130,000 $3,130,000 % Change 40.8% -29.0% -0.6% 0.0% All Other Revenues $2,128,011 $3,988,188 $2,318,348 $2,083,323 $2,202,456 % Change 87.4% -41.9% -10.1% 5.7% Total Revenues $128,092,311 $125,873,581 $133,627,648 $131,703,323 $135,862,456 Revenues $131,703,323 $135,862,456 % Change -1.7% 6.2% -1.4% 3.2% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 5.1 Econ Utilities: Light & Power - Payments and Transfers $17,556,273 $16,188,056 $17,934,728 $17,907,664 $18,493,708 % Change -7.8% 10.8% 1.0% 2.6% 5.2 Econ Utilities: Light & Power - Core Operations $9,032,774 $8,988,666 $9,544,319 $9,847,223 $10,031,766 % Change -0.5% 6.2% 3.2% 1.9% 5.5 Econ Utilities: Light & Power - Ongoing Capital System Additions $11,629,381 $9,402,428 $16,343,356 $4,951,214 $5,003,777 % Change -19.1% 73.8% -69.7% 1.1% 5.6 Econ Utilities - Light and Power Purchase Power $84,569,000 $82,164,556 $88,792,000 $87,300,000 $89,500,000 % Change -2.8% 8.1% -1.7% 2.5% 5.7 Econ Equipment Replacement - Utilities: Light & Power - Vehicles and Equipment $615,121 $394,262 $536,630 $625,000 $480,000 % Change -35.9% 36.1% 16.5% -23.2% 6.65 Envir Utilities: Light & Power - Energy Services $4,429,403 $4,282,694 $4,475,203 $4,234,054 $4,263,877 % Change -3.3% 4.5% -5.4% 0.7% 6.67 Envir Utilities: Light & Power - Residential & Commercial Solar Rebates $1,414,156 $1,211,801 $896,520 $500,000 $500,000 % Change -14.3% -26.0% -44.2% 0.0% 6.68 Envir Utilities: Light & Power - Core Renewable Energy $4,267,084 $3,461,397 $3,720,520 $2,960,000 $3,052,000 % Change -18.9% 7.5% -20.4% 3.1% 6.69 Envir Utilities: Light & Power - Demand Response $1,307,062 $567,069 $1,526,471 $794,950 $620,400 % Change -56.6% 169.2% -47.9% -22.0% Subtotal Current Offers $134,820,254 $126,660,929 $143,769,749 $129,324,870 $132,030,846 $129,324,870 $132,030,846 % Change -6.1% 13.5% -10.0% 2.1% Less Current $2,378,453 $3,831,610 CAPITAL PROJECTS Offer Result Title 5.8 Econ Capital Replacement - Utilities: Light & Power - New Feeder Capacity $4,615,492 $1,287,440 % Change -72.1% 5.9 Econ Capital Replacement - Utilities: Light & Power - System Purchases $140,000 $15,000 % Change -89.3% 5.11 Econ Capital Replacement - Utilities: Light & Power - Distribution System Conversions $0 $800,000 % Change 5.12 Econ Capital Replacement - Utilities: Light & Power - System Improvements & Replacements $2,062,000 $2,225,000 % Change 7.9% 43.1 Culture Utilities Capital Project: Art in Public Places $66,774 $43,124 % Change Previous Capital $250,642 $4,103,963 $70,476 % Change Subtotal Capital Projects $4,103,963 $70,476 $6,884,266 $4,370,564 $6,884,266 $4,370,564 % Change -36.5% TOTAL WITH CAPITAL PROJECTS $134,820,254 $130,764,892 $143,840,225 $136,209,136 $136,401,410 Less Capital ($4,505,813) ($538,954) % Change -3.0% 10.0% -5.3% 0.1% ENHANCEMENTS Offer Result Title WATER FUND 10/24/2016 Based on a 5% increase Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $29,450,000 $27,704,834 $29,680,000 $27,750,000 $29,070,000 % Change -5.9% 7.1% -6.5% 4.8% PIF / Contributions $3,560,000 $6,037,438 $3,080,000 $4,640,000 $4,540,000 % Change 69.6% -49.0% 50.6% -2.2% All Other Revenues $1,105,700 $1,656,040 $1,251,650 $2,569,872 $1,596,160 % Change 49.8% -24.4% 105.3% -37.9% Total Revenues $34,115,700 $35,398,312 $34,011,650 $34,959,872 $35,206,160 Revenues $34,959,872 $35,206,160 % Change 3.8% -3.9% 2.8% 0.7% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 6.1 Envir Utilities: Water - Core Operations $12,752,827 $11,707,186 $13,043,786 $12,939,691 $13,240,204 % Change -8.2% 11.4% -0.8% 2.3% 6.3 Envir Utilities: Water - Conservation $871,016 $720,452 $860,201 $877,549 $891,974 % Change -17.3% 19.4% 2.0% 1.6% 6.9 Envir Capital Replacement - Utilities: Water - Minor Capital $2,481,351 $1,711,036 $1,794,549 $1,852,400 $1,681,200 % Change -31.0% 4.9% 3.2% -9.2% 6.10 Envir Utilities: Water - Payments & Transfers $10,634,269 $10,884,896 $10,633,793 $10,090,960 $10,031,241 % Change 2.4% -2.3% -5.1% -0.6% Subtotal Current Offers $26,739,462 $25,023,569 $26,332,328 $25,760,600 $25,844,619 25,760,600 25,844,619 % Change -6.4% 5.2% -2.2% 0.3% Less Current $9,199,272 $9,361,541 CAPITAL PROJECTS Offer Result Title 6.5 Envir Capital Replacement - Utilities: Water - Treatment and Source of Supply $1,591,205 $3,422,001 $1,581,182 $1,000,000 $1,000,000 % Change 115.1% -53.8% -36.8% 0.0% 6.6 Envir Capital Replacement - Utilities: Water - Distribution Master Plan Priority Projects 6.7 Envir Capital Replacement - Utilities: Water - Distribution Small Projects $500,000 $2,339,481 $2,300,000 $2,900,000 $2,460,000 % Change 367.9% -1.7% 26.1% -15.2% 6.8 Envir Capital Replacement - Utilities: Water - Meter Replacement $800,000 $30,824 $800,000 $800,000 $800,000 % Change -96.1% 2495.4% 0.0% 0.0% 6.11 Envir Capital Replacement: Utilities: Water - Water Quality Instrumentation $50,000 $50,000 % Change 0.0% 43.1 Culture Utilities Capital Project: Art in Public Places $24,000 $42,300 % Change 76.3% Previous Capital $4,699,346 $4,553,988 $15,599,582 % Change Subtotal Capital Projects $7,590,551 $10,346,299 $20,280,789 $4,774,000 $4,352,300 $4,774,000 $4,352,300 % Change 36.3% 96.0% -76.5% -8.8% TOTAL WITH CAPITAL PROJECTS $34,330,013 $35,369,868 $46,613,117 $30,534,600 $30,196,919 Less Capital $4,425,272 $5,009,241 % Change 3.0% 31.8% -34.5% -1.1% ENHANCEMENTS Offer Result Title 6.16 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Quality Lab Infrastructure Replacement $1,300,000 $1,300,000 6.17 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Quality/Pollution Control Master Plan $110,000 $0 6.19 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Conservation Coordinator $70,724 $75,394 6.20 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Conservation Specialist, Contractual $72,596 $77,541 WATER FUND 10/24/2016 Based on a 3% increase Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $29,450,000 $27,704,834 $29,680,000 $27,230,000 $28,060,000 % Change -5.9% 7.1% -8.3% 3.0% PIF / Contributions $3,560,000 $6,037,438 $3,080,000 $4,640,000 $4,540,000 % Change 69.6% -49.0% 50.6% -2.2% All Other Revenues $1,105,700 $1,656,040 $1,251,650 $2,569,872 $1,596,160 % Change 49.8% -24.4% 105.3% -37.9% Total Revenues $34,115,700 $35,398,312 $34,011,650 $34,439,872 $34,196,160 Revenues $34,439,872 $34,196,160 % Change 3.8% -3.9% 1.3% -0.7% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 6.1 Envir Utilities: Water - Core Operations $12,752,827 $11,707,186 $13,043,786 $12,939,691 $13,240,204 % Change -8.2% 11.4% -0.8% 2.3% 6.3 Envir Utilities: Water - Conservation $871,016 $720,452 $860,201 $877,549 $891,974 % Change -17.3% 19.4% 2.0% 1.6% 6.9 Envir Capital Replacement - Utilities: Water - Minor Capital $2,481,351 $1,711,036 $1,794,549 $1,852,400 $1,681,200 % Change -31.0% 4.9% 3.2% -9.2% 6.10 Envir Utilities: Water - Payments & Transfers $10,634,269 $10,884,896 $10,633,793 $10,090,960 $10,031,241 % Change 2.4% -2.3% -5.1% -0.6% Subtotal Current Offers $26,739,462 $25,023,569 $26,332,328 $25,760,600 $25,844,619 25,760,600 25,844,619 % Change -6.4% 5.2% -2.2% 0.3% Less Current $8,679,272 $8,351,541 CAPITAL PROJECTS Offer Result Title 6.5 Envir Capital Replacement - Utilities: Water - Treatment and Source of Supply $1,591,205 $3,422,001 $1,581,182 $1,000,000 $1,000,000 % Change 115.1% -53.8% -36.8% 0.0% 6.6 Envir Capital Replacement - Utilities: Water - Distribution Master Plan Priority Projects 6.7 Envir Capital Replacement - Utilities: Water - Distribution Small Projects $500,000 $2,339,481 $2,300,000 $2,900,000 $2,460,000 % Change 367.9% -1.7% 26.1% -15.2% 6.8 Envir Capital Replacement - Utilities: Water - Meter Replacement $800,000 $30,824 $800,000 $800,000 $800,000 % Change -96.1% 2495.4% 0.0% 0.0% 6.11 Envir Capital Replacement: Utilities: Water - Water Quality Instrumentation $50,000 $50,000 % Change 0.0% 43.1 Culture Utilities Capital Project: Art in Public Places $24,000 $42,300 % Change 76.3% Previous Capital $4,699,346 $4,553,988 $15,599,582 % Change Subtotal Capital Projects $7,590,551 $10,346,299 $20,280,789 $4,774,000 $4,352,300 $4,774,000 $4,352,300 % Change 36.3% 96.0% -76.5% -8.8% TOTAL WITH CAPITAL PROJECTS $34,330,013 $35,369,868 $46,613,117 $30,534,600 $30,196,919 Less Capital $3,905,272 $3,999,241 % Change 3.0% 31.8% -34.5% -1.1% ENHANCEMENTS Offer Result Title 6.16 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Quality Lab Infrastructure Replacement $1,300,000 $1,300,000 6.17 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Quality/Pollution Control Master Plan $110,000 $0 6.20 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Conservation Specialist, Contractual $72,596 $77,541 6.21 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Planner Scheduler Dispatcher (Field Operations) $47,618 $49,029 WASTEWATER FUND 10/24/2016 Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $23,360,000 $22,064,339 $24,060,000 $22,260,000 $22,930,000 % Change -5.5% 9.0% -7.5% 3.0% PIF / Contributions $1,930,000 $2,729,160 $1,930,000 $1,540,000 $1,290,000 % Change 41.4% -29.3% -20.2% -16.2% All Other Revenues $441,960 $721,712 $623,953 $650,507 $746,897 % Change 63.3% -13.5% 4.3% 14.8% Total Revenues $25,731,960 $25,515,211 $26,613,953 $24,450,507 $24,966,897 Revenues $24,450,507 $24,966,897 % Change -0.8% 4.3% -8.1% 2.1% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 6.40 Envir Utilities: Wastewater - Core Operations $8,948,190 $7,649,742 $8,948,190 $8,710,177 $8,856,228 % Change -14.5% 17.0% -2.7% 1.7% 6.46 Envir Utilities: Wastewater - Payments and Transfers $8,319,293 $7,655,208 $8,400,217 $8,889,364 $9,120,841 % Change -8.0% 9.7% 5.8% 2.6% 6.47 Envir Capital Replacement - Utilities: Wastewater - Minor Capital $1,329,054 $846,701 $1,329,054 $692,844 $913,500 % Change -36.3% 57.0% -47.9% 31.8% Subtotal Current Offers 18,596,537 16,151,651 18,677,461 18,292,385 18,890,569 18,292,385 18,890,569 % Change -13.1% 15.6% -2.1% 3.3% Less Current $6,158,122 $6,076,328 CAPITAL PROJECTS Offer Result Title 6.41 Envir Capital Replacement - Utilities: Wastewater - Collection System Master Plan Priority Projects 6.42 Envir Capital Replacement - Utilities: Wastewater - Collection System Small Capital Projects 6.43 Envir Capital Replacement - Utilities: Wastewater - Cured in Place Pipe Lining $1,492,000 $1,026,255 $1,602,000 $1,606,000 $1,543,000 % Change -31.2% 56.1% 0.2% -3.9% 6.44 Envir Capital Replacement - Utilities: Wastewater - Water Reclamation and Biosolids $300,000 $2,722,052 $301,500 $1,000,000 $1,000,000 % Change 807.4% -88.9% 231.7% 0.0% 6.45 Envir Capital Replacement - Utilities: Wastewater - Pollution Control Lab Instrumentation $50,000 $30,000 % Change -40.0% 43.1 Culture Utilities Capital Project: Art in Public Places $73,010 $114,650 % Change 57.0% Previous Capital $7,579,549 $4,012,867 $7,881,535 % Change Subtotal Capital Projects $9,371,549 $7,761,182 $9,785,035 $2,729,012 $2,687,650 $2,729,012 $2,687,650 % Change -17.2% 26.1% -72.1% -1.5% TOTAL WITH CAPITAL PROJECTS $27,968,086 $23,912,833 $28,462,496 $21,021,397 $21,578,219 Less Capital $3,429,110 $3,388,678 % Change -14.5% 19.0% -26.1% 2.6% ENHANCEMENTS Offer Result Title 6.17 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Quality/Pollution Control Master Plan $100,000 6.21 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Planner Scheduler Dispatcher (Field Operations) $47,618 $49,029 6.50 Envir ENHANCEMENT - Utilities: Wastewater - Inflow-Infiltration Study $200,000 6.51 Envir ENHANCEMENT - Utilities: Wastewater - Anaerobic Digester Lid Replacement $0 $2,100,000 6.52 Envir ENHANCEMENT - Utilities: Wastewater - Dewatering Improvements $2,135,000 $2,135,000 6.53 Envir ENHANCEMENT - Utilities: Wastewater - Facility Sludge Strain Press Redundancy $720,000 $800,000 6.54 Envir ENHANCEMENT - Utilities: Wastewater - Water Reclamation and Biosolids Master Plan $500,000 STORMWATER FUND 10/24/2016 Based on a 5% increase Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $14,552,000 $15,035,237 $14,625,000 $16,210,000 $16,210,000 % Change 3.3% -2.7% 10.8% 0.0% PIF / Contributions $800,000 $1,295,049 $800,000 $900,000 $800,000 % Change 61.9% -38.2% 12.5% -11.1% All Other Revenues $263,029 $573,700 $265,453 $350,414 $415,305 % Change 118.1% -53.7% 32.0% 18.5% Total Revenues $15,615,029 $16,903,988 $15,690,453 $17,460,414 $17,425,305 Revenues $17,460,414 $17,425,305 % Change 8.3% -7.2% 11.3% -0.2% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 6.86 Envir Utilities: Stormwater - Household Hazardous Waste & Spill Response Services $136,625 $118,286 $199,764 $139,060 $139,060 % Change -13.4% 68.9% -30.4% 0.0% 8.1 Safe Utilities: Stormwater - Core Operations $3,094,050 $2,808,625 $3,157,614 $3,283,300 $3,367,278 % Change -9.2% 12.4% 4.0% 2.6% 8.7 Safe Capital Replacement - Utilities: Stormwater - Minor Capital $364,792 $278,352 $315,026 $230,000 $155,000 % Change -23.7% 13.2% -27.0% -32.6% 8.8 Safe Utilities: Stormwater - Payments and Transfers $7,816,669 $7,114,530 $7,824,257 $8,301,024 $7,536,994 % Change 10.0% 6.1% -9.2% Subtotal Current Offers $11,412,136 $10,319,793 $11,496,661 $11,953,384 $11,198,332 11,953,384 11,198,332 % Change -9.6% 11.4% 4.0% -6.3% Less Current $5,507,030 $6,226,973 CAPITAL PROJECTS Offer Result Title 8.3 Safe Withdrawn - Capital Replacement - Utilities: Stormwater - Boxelder Basin Regional Stormwater Authority Fees (moved to Offer 8.8) 8.6 Safe Capital Replacement - Utilities: Stormwater - Stream Rehabilitation Program $350,000 $1,400,000 8.9 Safe Capital Replacement - Utilities: Stormwater - Collection System Replacement - Small Capital Projects $1,400,000 $1,500,000 $850,000 % Change 64.7% 7.1% 43.1 Culture Utilities Capital Project: Art in Public Places $54,000 $57,000 % Change Previous Capital $5,575,729 $4,244,132 $4,330,700 % Change Subtotal Capital Projects $4,244,132 $5,180,700 $1,804,000 $2,957,000 $1,804,000 $2,957,000 % Change -65.2% 63.9% TOTAL WITH CAPITAL PROJECTS 11,412,136 14,563,925 16,677,361 13,757,384 14,155,332 Less Capital $3,703,030 $3,269,973 % Change 27.6% 14.5% -17.5% 2.9% ENHANCEMENTS Offer Result Title 8.15 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Buckingham and Lincoln Outfall $200,000 8.16 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Poudre River at Oxbow Levee $850,000 8.17 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Prospect and College Storm Sewer $750,000 8.18 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Remington Street Storm Sewer $100,000 $800,000 8.19 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Magnolia Street Outfall Phase 1 $300,000 $1,200,000 8.20 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Mulberry & Riverside Storm Sewer $800,000 8.21 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - NECCO Phase 3: Lemay to Redwood $1,600,000 $1,700,000 STORMWATER FUND 10/24/2016 Based on a 3% increase Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Operating Revenue $14,552,000 $15,035,237 $14,625,000 $15,900,000 $15,900,000 % Change 3.3% -2.7% 8.7% 0.0% PIF / Contributions $800,000 $1,295,049 $800,000 $900,000 $800,000 % Change 61.9% -38.2% 12.5% -11.1% All Other Revenues $263,029 $573,700 $265,453 $350,414 $415,305 % Change 118.1% -53.7% 32.0% 18.5% Total Revenues $15,615,029 $16,903,988 $15,690,453 $17,150,414 $17,115,305 Revenues $17,150,414 $17,115,305 % Change 8.3% -7.2% 9.3% -0.2% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 6.86 Envir Utilities: Stormwater - Household Hazardous Waste & Spill Response Services $136,625 $118,286 $199,764 $139,060 $139,060 % Change -13.4% 68.9% -30.4% 0.0% 8.1 Safe Utilities: Stormwater - Core Operations $3,094,050 $2,808,625 $3,157,614 $3,283,300 $3,367,278 % Change -9.2% 12.4% 4.0% 2.6% 8.7 Safe Capital Replacement - Utilities: Stormwater - Minor Capital $364,792 $278,352 $315,026 $230,000 $155,000 % Change -23.7% 13.2% -27.0% -32.6% 8.8 Safe Utilities: Stormwater - Payments and Transfers $7,816,669 $7,114,530 $7,824,257 $8,301,024 $7,536,994 % Change 10.0% 6.1% -9.2% Subtotal Current Offers $11,412,136 $10,319,793 $11,496,661 $11,953,384 $11,198,332 11,953,384 11,198,332 % Change -9.6% 11.4% 4.0% -6.3% Less Current $5,197,030 $5,916,973 CAPITAL PROJECTS Offer Result Title 8.3 Safe Withdrawn - Capital Replacement - Utilities: Stormwater - Boxelder Basin Regional Stormwater Authority Fees (moved to Offer 8.8) 8.6 Safe Capital Replacement - Utilities: Stormwater - Stream Rehabilitation Program $1,100,000 8.9 Safe Capital Replacement - Utilities: Stormwater - Collection System Replacement - Small Capital Projects $1,400,000 $1,500,000 $850,000 % Change 64.7% 7.1% 43.1 Culture Utilities Capital Project: Art in Public Places $50,500 $54,000 % Change Previous Capital $5,575,729 $4,244,132 $4,330,700 % Change Subtotal Capital Projects $4,244,132 $5,180,700 $1,450,500 $2,654,000 $1,450,500 $2,654,000 % Change -72.0% 83.0% TOTAL WITH CAPITAL PROJECTS 11,412,136 14,563,925 16,677,361 13,403,884 13,852,332 Less Capital $3,746,530 $3,262,973 % Change 27.6% 14.5% -19.6% 3.3% ENHANCEMENTS Offer Result Title 8.15 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Buckingham and Lincoln Outfall $200,000 8.16 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Poudre River at Oxbow Levee $850,000 8.17 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Prospect and College Storm Sewer $750,000 8.18 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Remington Street Storm Sewer $100,000 $800,000 8.19 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Magnolia Street Outfall Phase 1 $300,000 $1,200,000 8.20 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - Mulberry & Riverside Storm Sewer $800,000 8.21 Safe ENHANCEMENT CAPITAL - Utilities: Stormwater - NECCO Phase 3: Lemay to Redwood $1,600,000 $1,700,000 CS&A FUND 10/24/2016 Amended Budget 2015 Actual 2015 Amended Budget 2016 Projected 2017 Projected 2018 2017 2018 REVENUE PROJECTION Admin Charges - L&P $6,509,642 $5,268,453 $6,500,603 $6,705,767 $7,064,327 % Change -19.1% 23.4% 3.2% 5.3% Admin Charges - Water $3,686,024 $2,983,212 $3,665,852 $3,381,285 $3,568,793 % Change -19.1% 22.9% -7.8% 5.5% Admin Charges - Wastewater $2,667,290 $2,158,720 $2,679,150 $2,997,115 $3,150,418 % Change -19.1% 24.1% 11.9% 5.1% Admin Charges - Stormwater $2,812,697 $2,276,402 $2,815,355 $2,789,308 $2,907,435 % Change -19.1% 23.7% -0.9% 4.2% Transfers From GF for Graffiti and ClimateWise $140,459 % Change -100.0% Transfer from Fund 602 (Self Insurance) $188,885 $188,885 $192,405 $202,632 $205,200 % Change 0.0% 1.9% 5.3% 1.3% Other Revenues $1,170,000 $1,474,707 $1,314,108 $1,134,639 $1,135,498 % Change 26.0% -10.9% -13.7% 0.1% Total Revenues $17,174,997 $14,350,379 $17,167,473 $17,210,746 $18,031,671 Revenues $17,210,746 $18,031,671 % Change -16.4% 19.6% 0.3% 4.8% Budget 2015 Actual 2015 Budget 2016 Projected 2017 Projected 2018 CURRENT OFFERS Offer Result Title 7.1 HPG Utilities - Customer Connections Programs and Services $6,461,752 $5,777,703 $6,561,635 $6,360,448 $6,455,643 % Change -10.6% 13.6% -3.1% 1.5% 7.3 HPG Utilities: Administration & General Operations $6,619,660 $5,591,480 $6,967,428 $5,946,132 $6,373,031 % Change -15.5% 24.6% -14.7% 7.2% 7.5 HPG Utilities: Information Technology Services $3,741,980 $3,434,692 $3,869,721 $4,182,470 $4,220,529 % Change -8.2% 12.7% 8.1% 0.9% 7.7 HPG Utilities: Customer Service & Administration - Minor Capital $207,000 $172,231 $195,000 $185,000 $182,000 % Change -16.8% 13.2% -5.1% -1.6% 7.8 HPG Utilities: Customer Service & Administration - Information Technology Minor Capital $528,527 $495,027 $552,300 $372,671 $626,795 % Change -6.3% 11.6% -32.5% 68.2% Subtotal Current Offers $17,558,919 $15,471,133 $18,146,083 $17,046,721 $17,857,998 17,046,721 17,857,998 % Change -11.9% 17.3% -6.1% 4.8% Less Current $164,025 $173,673 CAPITAL PROJECTS Offer Result Title Subtotal Capital Projects $0 $0 % Change TOTAL WITH CAPITAL PROJECTS $17,558,919 $15,471,133 $18,146,083 $17,046,721 $17,857,998 Less Capital $164,025 $173,673 % Change -11.9% 17.3% -6.1% 4.8% ENHANCEMENTS Offer Result Title 7.16 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - GIS Programmer Analyst $70,446 $92,457 10.5 HPG ENHANCEMENT - 1.0 FTE - Purchasing Buyer (Utilities funding .5 FTE) $33,079 $42,841 10.7 HPG ENHANCEMENT - City Procurement and Vendor Payment Modernization Program $60,500 $38,375 Subtotal Enhancements $164,025 $173,673 $164,025 $173,673 TOTAL WITH ENHANCEMENTS $17,558,919 $15,471,133 $18,146,083 $17,210,746 $18,031,671 Less Enhancements $0 $0 % Change -11.9% 17.3% -5.2% 4.8% Available Reserves REVENUE PROJECTION LESS ALL OFFERS ($383,922) ($1,120,754) ($978,610) $0 $0 $0 $0 $0 UNFUNDED ENHANCEMENTS 7.2 HPG ADMINISTRATIVE POSITION CHANGE 7.0 FTE Utilities: Customer Connections Programs & Services $65,375 $67,130 COUNCIL FINANCE COMMITTEE AGENDA ITEM SUMMARY Staff: Lance Smith, Utilities Strategic Financial Director Date: June 20, 2016 SUBJECT FOR DISCUSSION Utilities 2016 Strategic Financial Plan Update EXECUTIVE SUMMARY The purpose of this agenda item is to provide the Council Finance Committee with an update on the 2016 Utilities Strategic Financial Plan as a follow up to the discussion on April 18, 2016 on each utility’s Capital Improvement Plan (CIP). As stated in that Agenda Item Summary: “Each of these plans [CIPs] is projecting substantial capital investment being needed for each utility over the next decade. Because the projected levels of investment are not achievable through current operating revenues alone it will be necessary to further analyze the best means of achieving these operational needs without negatively impacting the financial integrity of the utilities while maintaining affordable utilities to the community. This analysis and the long term Utilities Strategic Financial Plan will be the focus of the follow up discussion in a few months.” Recommendations for achieving the capital investments proposed in the CIPs while maintaining the financial health of each utility, along with the bond rating, through modest rate adjustments are discussed below and in the presentation. With the exception of the Stormwater Fund, the recommendation achieves these objectives within the next decade. The Stormwater CIP will require 15 years to complete the work targeted within the next decade in order to achieve these objectives. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. Does the Council Finance Committee support the Utilities Strategic Financial Planning recommendations? BACKGROUND/DISCUSSION At the April 18, 2016 Council Finance Committee the “Utilities Capital Improvement Plan and Strategic Financial Plan Update” outlined the full planning process for capital projects beginning with the Master Planning efforts, including the prioritized CIPs and how the process continues with the Strategic Financial Plan being developed. That discussion showed why none of the utility funds have adequate Available Reserves 1 to achieve the proposed capital projects over the 1 Available Reserves are the portion of the Fund Balance that is not necessary to meet Bond covenants or the City’s Minimum Reserve Financial Policy, and is not currently appropriated for another purpose. ATTACHMENT 3 coming decade. Thus it will be necessary to adjust rates and consider issuing debt before considering also delaying some of the capital projects beyond 10 years. Several Next Steps were identified then which are being discussed herein. The Next Steps were to: 1. Incorporate the 10 year capital projections into the long term financial model for each utility 2. Perform scenario analyses to understand cash vs. debt funding impacts on rates, reserves, debt capacity and the financial position of each Enterprise Fund 3. Develop recommendations on rate increases and debt issuances to meet the expected needs of the Fund Incorporate the 10 Year CIP into Financial Models Since the meeting in April, the capital investment projections for 2017-2026 have been entered into a long term financial planning model for each utility. This model considers a 21 year horizon (2006 – 2026) beginning 10 years ago and projecting forward 10 years from today. The 10 years of historical analysis provides the basis for the 10 year forward projection for each revenue and expense. Perform Scenario Analyses There are several financial mechanisms available to cover the incremental capital investments. Any Available Reserves can be appropriated to the specific capital projects ensuring their adequate funding. Any operating income will increase the Available Reserves. Rate adjustments provide a direct way to increase operating income. Available Reserves can also be increased by issuing debt through revenue bonds. The balance between these mechanisms is the objective of the stochastic model. The financial model has several financial objectives:  Maintaining adequate Operating Income and Reserve Minimums are necessary.  It is preferred that the City maintain, if not improve, its bond rating wherever possible including the Utility Enterprise Funds.  Rate spikes are undesirable because of the impact such adjustments can have on residential and commercial customers. An order of preference is necessary when considering rates, Available Reserves and Debt in the model. Because rate adjustments provide the most direct communication with ratepayers that costs are increasing, rate adjustments were considered first by themselves. This is consistent with the assumption that rate adjustments will always be a consideration. Then because the CIP was prioritized to respect that prioritization it is necessary to also consider debt in the sources available to increase the Available Reserves. Lastly, adjustments to the capital investment over the next decade were considered if it just is not financially feasible to respect the prioritization of the CIP. 1. Scenario 1 – This scenario first considers if it is possible to complete the proposed capital projects within the next 10 years (2017 – 26) by only adjusting rates and not issuing any new debt. If this is achievable with modest rate adjustments then this is the recommended path for that specific utility. 2. Scenario 2 – This scenario acknowledges that it may not be possible to achieve the objectives through Scenario 1 and considers also issuing debt to raise of the necessary capital. If this is achievable through manageable debt service costs and modest rate adjustments then it is the recommendation. 3. Scenario 3 – This scenario is considered when there is no combination of modest rate adjustments and serviceable debt issuances to achieve the capital projects and maintain the financial health of the utility. In this scenario adjustments to the 10 year capital spend are considered – either smoothing out the capital spend evenly across those 10 years or extending the time horizon out beyond 10 years. Develop Recommendations Light & Power The projected 10 Year CIP includes $90M of new capital needs for the anticipated system demands over the decade. This represents a 10-15% increase over the previous decade’s capital investment. $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Annual Capital Investment 501 - Light & Power Fund Operational Technology & Fiber Annexations New Capacity Substation Improvements Distribution System Improvements Ave. Capital Investment 2017-26 Historical Ave Capital 2006-15 Such a change from recent history should be manageable through modest rate increases alone. The dashboard below shows how this is viable. The upper left corner is a chart showing potential annual rate increases as being less than 5%. The upper right corner is a chart showing the annual operating income for the fund. Each Enterprise is expected to have adequate operating income. The bottom right corner shows a chart of the total outstanding principal debt. In this analysis no additional debt was issued and the outstanding debt is fully retired in 2020. The bottom left corner shows the Available Reserves. Here the capital investment drops off significantly in the last few years resulting in an increased operating income which results in the Available Reserves building up quickly. This analysis will be updated every two years to monitor if any adjustments are necessary. Recommendation: Scenario 1 will allow for the additional capital needs through modest rate adjustments without the anticipated need of issuing debt over the coming decade. Water The Water Enterprise Fund has a CIP with $160M which represents twice the historical average annual spend has been. 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% Rate Increase ($5,000,000) ($2,500,000) $0 $2,500,000 $5,000,000 $7,500,000 $10,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0 5000000 10000000 15000000 20000000 25000000 30000000 35000000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt This utility also has low Available Reserves which limits short term financial agility. The CIP also ramps up quickly which together make it infeasible to have modest rate adjustments alone (Scenario 1) and achieve the operational needs for the CIP. The dashboard below shows the negative Available Reserves and large rate increases. The build-up of Available Reserves may make it necessary to adjust rates downward as well in the last few years. Next, issuing debt along with modest rate increases was considered. This Scenario (Scenario 2) does result in a feasible path. However, as the dashboard below shows, operating income remains negative. $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Annual Capital Investment 502 - Water Fund Environmental Services Water Resources Water Distribution Water Production Ave. Capital Investment 2017-26 Historical Ave Capital 2006-15 ($5,000,000) $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt ($10,000,000) $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Rate Increase Next it was assumed that the annual capital spend over the coming decade can be smoothed to near the average annual spend each year (Scenario 3). This change respects the prioritization in the CIP and accomplishes the same infrastructure in 2026 as the CIP. The dashboard below shows how this change reduces the amount of debt needing to be issued from $55-70M to $50- 60M and results in positive operating income. Recommendation: Scenario 3 (immediately above) which will accomplish the financial objectives while completing the CIP over the coming decade. Wastewater The slight reduction in the estimated capital investment over the coming decade compared to the previous decade is the result of the Mulberry rebuild. ($5,000,000) ($3,000,000) ($1,000,000) $1,000,000 $3,000,000 $5,000,000 $7,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Rate Increase ($5,000,000) ($3,000,000) ($1,000,000) $1,000,000 $3,000,000 $5,000,000 $7,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 The minor change in the average annual capital investment should be manageable through rate adjustments alone. This Fund also has healthy Available Reserves allowing for more financial agility if needed in an emergency. The dashboard below shows how Scenario 1 is sufficient to meet the operational needs and maintain the current levels of service. The bottom left corner shows a sizable build-up of Available Reserves over the next decade. This is intentional to address new nutrient removal and temperature regulations driven capital projects in 2027-30 estimated to cost $60-80M in addition to ongoing system renewal. Recommendation: Modest rate adjustments should be sufficient to cover capital investment in the next decade without the need to issue additional debt for this fund. Stormwater $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Annual Capital Investment 503 - Wastewater Fund Environmental Services Wastewater Collection Water Reclamation Ave. Capital Investment 2017-26 Historical Ave Capital 2006-15 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 2.0% 4.0% 6.0% The Stormwater Enterprise Fund has spent just over $5M per year on capital investments in the previous decade. The 2017-26 CIP requires just over $15M per year or 3 times the current rate of investment. This utility has low Available Reserves which limits the financial agility of the utility in the short term. The CIP is also heavily focused on the first 5 years ($71M invested in 2017-21 and $29M in 2022-26). Together these challenges make it infeasible to address the CIP goals through rates alone. The dashboard below for this Scenario (Scenario 1) shows that Available Reserves immediately turn negative and operating income jumps with the large rate adjustments. Rate adjustments are not effective in the situation this utility is in with high operating income, low Available Reserves, and annual operating revenues of just $15M, or the same amount of capital investment requested per year although it is tightly focused on 4 years in the middle. $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Annual Capital Investment 504 - Stormwater Fund Boxelder Basin Stormwater Authority Stream Rehabilitation Minor Capital Major Capital Ave. Capital Investment 2017-26 Historical Ave Capital 2006-15 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt ($30,000,000) ($25,000,000) ($20,000,000) ($15,000,000) ($10,000,000) ($5,000,000) $0 $5,000,000 $10,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Rates and debt (Scenario 2) are shown in the dashboard below. Available Reserves are not sufficient even with the very large debt issuance ($80-90M within the first 5 years) and 10% rate increases. Next it was considered how the CIP could be modified while respecting the prioritization of the investments. Because the increase in the average annual capital investment is increasing so much from $5M to $15M per year smoothing the investment evenly over the 10 years is not going to be adequate. Instead stretching the timeline from 10 years out to 15 years was considered (Scenario 3). The dashboard below shows how effective this approach is at achieving the financial objectives albeit over a longer time period. Recommendation: Scenario 3 which reduces the near term debt issuance down from $80-90M to $40-50M by extending the time horizon out 5 years to 2031. Where Are We In the Planning Process? As the CIPs are incorporated into developing the 2016 Utilities Strategic Financial Plan there is a need for some back and forth discussions between the Utility Executive Director, Operations $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt ($10,000,000) ($5,000,000) $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Rate Increase $0 $1,000,000 Managers and Finance around what may be a manageable adjustment to the annual capital investment while maintaining the current levels of service being provided to the community. This is where we are at now in the whole planning process. The Scenario Analyses suggested the preferred financial strategy to the CIP. Now the Operations Managers need to consider what this approach would mean in terms of impacts to the current levels of service and what may be adjustable or not. Subsequent modeling efforts may be needed if the preferred financial strategy is not operationally feasible. On the version of the process map presented in April shown below the red loop represents where we are currently at in the planning process: Conclusion The 2016 CIPs included significant increases in anticipated capital investments for two of the utilities over the previous decade’s investment level. These two utilities also are the same two utilities with low Available Reserves. Managing the financial health of these two utilities, Water and Stormwater, while maintaining the current levels of service will require rate adjustments, debt issuances and some adjustments to the CIPs. The other two utilities, Light & Power and Wastewater, are expecting modest rate adjustments may be necessary over the next 10 years, but there is not expected to be a need to issue debt in these two utilities over the next decade. Utility Available Reserves (in $M) 2015 Operating Expenses (in $M) Days Cash on Hand in Available Reserves Capital Spend 2006-15 (in $M) Capital Spend 2017-26 (in $M) % Increase / (Decrease) Light & Power 16.4 38.8 154 80.5 85 5.6% Water 4.4 23.3 69 73.9 152.1 105.8% Wastewater 18.5 15.8 427 87.7 84.8 -3.3% Stormwater 4.1 9.9 151 56.3 156.5 178.0% Staff will continue to keep the Council Finance Committee and the entire City Council informed of the biannual updates and other changes to the Utilities Strategic Financial Plan. The 2016 Utilities Strategic Financial Plan will be published once the current iterative step between Finance and Operations is agreed upon within the next few months. ATTACHMENTS Attachment 1 – CFC Presentation for June 20, 2016 Attachment 2 – CFC AIS on “Utilities Capital Improvement Plans and Strategic Financial Plan Update” from April 18, 2016 COUNCIL FINANCE COMMITTEE AGENDA ITEM SUMMARY Staff: Lance Smith, Utilities Strategic Financial Director SUBJECT FOR DISCUSSION – Residential Electric Rate Structure EXECUTIVE SUMMARY The purpose of this agenda item is to provide the Council Finance Committee with an overview of current electric rate structure methodologies and trends. The considerable interest in potential changes to our existing rate structures, particularly in the electric monthly charges, led staff to engage a utility rate consultant to provide an outside perspective and additional expertise on how the utility industry is addressing the current changes in the industry. This presentation is focused on the electric utility but many of the principles and considerations in designing rates are applicable to the water and wastewater utilities as well. The presentation and subsequent discussion will serve to provide the City Council and staff with some common footing for subsequent presentations and discussions. Dawn Lund is a Vice President at Utility Financial Solutions (UFS). UFS is utilized by Platte River Power Authority and the City of Loveland for rate analysis, and has worked with Fort Collins Utilities in the past. Dawn and Mark Beauchamp, President of UFS, provide the annual rate making training that is provided through the American Public Power Authority (APPA) and are recognized authorities in rate design and current rate trends in the electric industry. The presentation to begin the discussion will focus on the following:  Current industry rate trends  Current weaknesses of residential rate structures  Distributed generation issues and rate structures  Rates that promote financial stability  Pros and cons of alternative rate structures  Determining the role of a monthly customer charge GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1. Does the Council Finance Committee have specific direction on residential electric rate structures that staff should explore beyond the current Time of Use pilot? 2. Does the Council Finance Committee have direction for the rate structures in place in any of the utilities? BACKGROUND/DISCUSSION The update to the Utilities Capital Improvement Plans in 2016 and the two prior discussions with the Council Finance Committee in April and June of 2016 have provided a long range perspective on the infrastructure needs of each utility. This long range planning will require rate adjustments in order to provide the necessary revenues for such improvements beginning in the 2017-18 Budget cycle. With any rate increase it is necessary to consider the impacts such an increase will have on the utility and the community. The Rate Ordinances are scheduled for First reading on November 1, 2016 and will include a thorough explanation of why the specific rate increases are being proposed for City Council consideration. Considerable interest has been expressed by the City Council and community to consider alternative rate structures. Staff continues to do the due diligence necessary before presenting any alternative rate structures to the City Council. Specific recent considerations related to residential electric rates include: ATTACHMENT 4 1. Time of Use Pilot (TOU) – A year-long pilot study is concluding at the end of September that was designed to determine if a rate structure which charges more during the few hours each day that energy is most in demand and less during the remainder of the day. Results from this study and the customer survey will be presented at the January 24, 2017 Council Work Session. 2. Electric Vehicles (EV) – The current rate structure does not provide an incentive to promote EV adoption in our community. There have been requests for consideration of an “EV rate.” This is a variation on the TOU rate structure. As the charging technology develops the trend has been to faster charging which requires significantly more electric capacity throughout the distribution system. 3. Distributed Storage – As battery technology evolves it may be possible to reduce the anticipated increase in distribution infrastructure and to reduce demand charges for energy during peak periods. A pilot study is being proposed in the 2017-18 City Manager’s Recommended Budget to explore how this may be optimized in our community. While the study is focused on utility owned battery storage, consumer owned storage is certainly possible and how to compensate those customers for the use of their storage will become an industry concern in the near future. 4. Rate Affordability - Rate increases are not desired by anyone but the financial burden is particularly acute in lower income households. The current rate structure, while intended to promote energy conservation by charging more than the marginal cost to those residences that exceed the community average in energy use, may add to this burden by charging customers living in inefficient housing more than the cost to provide service to them. 5. Net Metering – With the deployment of the advanced metering infrastructure it became possible to do a monthly reconciliation for those residential accounts that have distributed solar generation. Adoption of distributed solar generation is an ongoing objective of the electric utility but it also poses a financial risk to the utility. The current fixed charge is not adequate to cover the fixed costs of providing electric service to residential customers. Some utilities have mitigated this risk by increasing their fixed charges or by having a higher fixed charge for Net Metering customers. Utility rate design involves balancing a number of potentially competing objectives. Understanding these objectives and the balancing act rate design entails is crucial before changes are made to the existing rate structure. These objectives include: 1. Full cost recovery – any rate structure needs to provide adequate revenues to meet anticipated expenses 2. Fairness or Equity – each rate class should cover the cost of serving that rate class whenever possible; intra-class subsidies will occur to some extent but inter-class subsidies should be avoided 3. Revenue stability and predictability – confidence in anticipated revenues is necessary for major capital investment; weather and other unanticipated events can significantly affect revenues 4. Rate stability and predictability – economic development and community support for the utility require that rate adjustments are predictable 5. Simplicity – utility rates should provide an effective, understandable price signal to customers 6. Feasible – any rate structure needs to be administrable by the utility 7. Defendable – rates must meet legal restrictions Utility rates will be discussed with City Council on several agendas in the coming months as shown in the table below. Conclusion UFS will provide an opportunity for the CFC to discuss any rate structure ideas with an outside industry expert. Through this discussion and the subsequent agenda items an explanation of the need for the rate increases being proposed for 2017 will be provided to the City Council. Agenda Item Forum Date Purpose Electric Rate Trends Council Finance Committee 9/19/2016 To provide some background information to the CFC on current trends Raw Water Requirements and Cash-in-lieu City Council Work Session 10/25/2016 To update the raw water requirements and the associated cash-in-lieu of water rights 2017 Rate Ordinances City Council Regular Meeting 11/1/2016 To gain support and direction on the increases being proposed for 2017 Electric Capacity Fees City Council Work Session 1/10/2017 To present a new methodology for calculating electric development charges DRAFT/Unapproved Minutes Excerpt from Unapproved Water Board Minutes - October 20, 2016 2017 Utility Rate Ordinances (Attachments available upon request) Utilities Strategic Finance Director Lance Smith summarized the Water, Wastewater, and Stormwater ordinances for proposed 2017 rates that will be on the City Council agenda for first and second readings on November 1 and 15. No changes are proposed for any of the three utility Plant Investment Fees (PIFs) in 2017. A 5% increase is proposed for the Water Fund in 2017. This rate increase is driven by the need to increase available reserves for near-term capital requirements and to increase operating revenues to cover debt service required to achieve the 10-year prioritized capital improvement plan (CIP). Examples of 2017 projects include Poudre Canyon raw water line assessment, distribution system renewals, and Water Quality Lab improvements. A 3% rate increase is proposed for the Wastewater Fund for 2017. Operating revenues for the Wastewater utility continue to be below budget. The 3% increases in both 2017 and 2018 in the City Manager’s Recommended Budget (CMRB 2017-18) are expected to address this continued revenue shortfall and put this fund on a path to provide sufficient available reserves to complete the 10-year CIP without the need to issue new debt. Examples of 2017 projects include replacement of centrifuges and biosolids improvement. A 3% rate increase is proposed for the Stormwater Fund in 2017. Staff originally proposed a 5% rate increase in the CMRB 2017-18. The 3% rate increase would increase the debt capacity of the Stormwater Fund by $8 million to $17 million, allowing the initial buildout of the stormwater infrastructure to be on a 15-year completion schedule beginning in 2017. Examples of 2017 projects include Magnolia Street Outfall Phase 1, North East College Corridor Outfall Phase 3. Neighboring communities are planning 2017 water rate increases of 9% (Loveland), 21% (Longmont), 8% (Boulder), 6% (Colorado Springs), and 3% (Greeley). West Fort Collins Water District is planning an 8% water rate increase; Fort Collins Utilities provides treated water to this district. Discussion Highlights Board members inquired about and commented on various topics, including the revenue shortage (possibly due to customers installing more water efficient toilets, etc.), messaging to customers regarding rate increases, and quantifying risk factors related to insurance discounts for customers. Utilities Executive Director Kevin Gertig commented on critical reasons for capital improvement projects, such as the expectation of more erratic precipitation and longer periods of drought in the coming years. He suggested that Water Engineering and Stormwater staff present the master plan at a future meeting to explain the plan and highlights of 150 current projects. A board member commented that a drought assessment study would not get funded if the water rate were approved at a 3% increase instead of 5% (the additional 2% increase would generate enough revenue to fund the Water Supply Vulnerability Assessment, a Utilities inspector, and a ATTACHMENT 5 DRAFT/Unapproved Minutes Water Conservation Coordinator). A board member inquired about affordability for customers. Another board member spoke in favor of a 5% rate increase due to the dangers of not budgeting money for vital capital improvements, and stated that a vulnerability assessment is crucial to replace information that is 30 years old. Staff recommendations: A 5% rate increase proposed for the Water Fund in 2017. A 3% rate increase proposed for the Wastewater Fund in 2017. A 3% rate increase proposed for the Stormwater Fund in 2017. Board Member Phyllis Ortman moved that the Water Board support the 2017 water increase of 5% as presented by staff. Board Member Duncan Eccleston seconded the motion. Vote on the motion: It passed unanimously, 10-0. Board Member Duncan Eccleston moved that the Water Board express support the 2017 3% wastewater increase as presented by staff. Board Member Phyllis Ortman seconded the motion. Vote on the motion: It passed unanimously, 10-0. Board Member Duncan Eccleston moved that the Water Board support the 2017 3% stormwater increase as presented by staff. Board Member Phyllis Ortman seconded the motion. Vote on the motion: It passed 9-1 with Board Member Lori Brunswig dissenting. Reason for Nay vote: Due to difficulty in getting questions answered by staff regarding rate increases, and not being treated well when asking questions about rate increases and requesting information about projects. Utilities Executive Director Kevin Gertig thanked Ms. Brunswig for her comments and expressed concern about the issues she raised; he stated he’s listening, vowed to research her concerns, and make changes. Kevin R. Gertig, Utilities Executive Director Lance Smith, Utilities Strategic Finance Director 11.01.2016 ATTACHMENT 6 Rates / Budget Process Overview 2 Utility Rates Necessity: To provide long term revenues necessary to meet the operational needs of each utility Revenue Requirements: – Biennial Budget addresses near term – Strategic operational and financial planning addresses long term Adjustments: – Cost of Service studies every other year – Revenue requirements 3 Process 4 UTILITIES RATES Analysis: • Near term revenue requirements • Long term capital and O&M needs Development: • Ongoing and Enhancement Offers focus on buying Strategic Outcomes STRATEGIC PLAN BIENNIAL BUDGET Strategic Outcomes: • High-Performing Government • Economic Health • Environmental Health • Safe Community 2017 Budgets 5 Utilities Budget Cuts UTILITY FUND 2017 Budget $M Budget Change 2016-2017 Comments ELECTRIC $141.2 -1.9% Reduced O&M 10%; Increased capital based on CIP WATER $34.8 -25.4% Reduced O&M 2.2%; Reduced capital from $20M to $9M WASTEWATER $25.5 -10.4% Reduced O&M 2.1%; Reduced capital from $10M to $7M STORMWATER $18.7 12.2% O&M increased 4.0%; Increased capital from $5M to $7M CS&A $17.2 -5.2% Reduced Customer Connections 3.1% and Administration 7.8% Total Utilities $237.4 -6.4% Every manager’s budget was reviewed at the line item level and adjusted based on 2015 actual spend 6 2017 Proposed Rate Adjustments 7 2017 Rate Summary UTILITY 2017 PROPOSED INCREASE NOTES PLANT INVESTMENT FEES ELECTRIC 3.45% Varies by rate class Electric Capacity Fee January 2017 WATER 5.00% Same for rate classes 2018 WASTEWATER 3.00% Same for rate classes 2018 STORMWATER 5.00% Same for rate classes 2018 8 Light & Power Capital Needs 9 Electric Rate Increase Average increase of 3.45 percent - Exact percent varies by rate class 2.2 percent from wholesale increase for: • Operational improvements to generation and transmission facilities • Solar facility at Platte River Power Authority 1.25 percent at distribution level for: • Operating Income • Solar incentives • Increased energy efficiency programs • Capital infrastructure improvements 10 Electric Increase by Rate Class 4.2% 3.8% 2.9% 2.8% 3.5% 2.6% 0% 1% 2% 3% 4% 5% Residential Residential Demand Small Commercial Medium Commercial Large Commercial Industrial % Rate Increase 2017 Proposed Electric Rate Changes Based on 2016 Cost of Service Study Full COS Adjustments System Rate Change 11 Water Infrastructure Needs 12 Water Rate Increase 3 or 5% rate increase for all rate classes managing source of supply to tap: • 10 year Capital Improvement Plan • Increase financial agility of the Enterprise 2017 Project Examples: • Poudre Canyon Raw Water Line assessment • Distribution System renewals • Water Quality Lab improvements 13 Wastewater Infrastructure Needs 14 Wastewater Rate Increase 3% rate increase for all rate classes for: • Revenue shortfall • Infrastructure improvements • Replacement of aging pipes in collection system 2017 Project Examples: • Replacement of centrifuges • Biosolids improvement 15 Stormwater Capital Needs 16 Stormwater Rate Increase 3 or 5% rate increase for all rate classes for: • Meeting 15 year horizon for completing buildout of major drainage outfalls • Minimizing flood hazard community-wide 2017 Project Examples: • Magnolia Street Outfall Phase 1 • North East College Corridor Outfall Phase 3 17 2017 Rate Comparisons 18 2017 Rate Adjustments in Neighboring Communities ELECTRIC OVERALL WATER OVERALL WASTEWATER OVERALL STORMWATER OVERALL TOTAL Loveland 6.5% 9.0% 11.0% 9.6% 8.2% Longmont 4.0% 21.0% 3.0% 0.0% 7.2% Boulder 0.0% 8.0% 5.0% 8.0% 3.4% Greeley 0.0% 3.0% 0.0% 8.0% 1.3% Ft Collins 3.45% 5.0% 3.0% 5.0% 3.9% Colorado Springs 3.30% 6.0% 0.0% N/A 3.8% 19 2017 Comparison - Residential ELECTRIC OVERALL WATER OVERALL WASTEWATER OVERALL STORMWATER OVERALL TOTAL Loveland $71.37 $37.06 $28.23 $13.68 $150.33 Longmont $65.78 $38.08 $34.64 $13.05 $151.55 Boulder $79.67 $38.71 $30.53 $14.54 $163.45 Greeley $79.67 $52.89 $20.62 $6.97 $160.15 Ft Collins $71.07 $45.75 $36.12 $14.97 $167.91 Colorado Springs $88.28 $82.49 $31.27 N/A $202.04 20 Electric Rates – Residential 21 Electric Rates – Small Business $0 $50 $100 $150 $200 $250 $300 $350 $400 CAMU Small Commercial Survey | July 2016 - Cost of 2,000 kWh + 10 kW Municipality CO-OP Investor 22 Electric Rates – Large Business $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 CAMU Large Commercial Survey | July 2016 - Cost of 45,000 kWh + 130 kW Municipality CO-OP Investor 23 Residential Customer Impact 24 2017 Residential Typical Bill ELECTRIC OVERALL WATER OVERALL WASTEWATER OVERALL STORMWATER OVERALL TOTAL Current 2016 $68.21 $43.57 $35.07 $14.26 $161.11 Proposed 2017 $71.07 $45.75 $36.12 $14.97 $167.91 $ Increase $2.86 $2.18 $1.05 $0.71 $6.52 % Increase 4.2% 5.0% 3.0% 5.0% 4.2% 25 26 - 1 - OPTION 1 (Increase in Fixed Monthly Charge and Distribution Facilities Charge) ORDINANCE NO. 122, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE ELECTRIC RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6, of the City Charter to fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses and other obligations of the electric utility, as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, the City purchases bulk wholesale electric power from Platte River Power Authority (“PRPA”) pursuant to an Amended Contract for Supply of Electric Power and Energy, dated September 1, 2010; and WHEREAS, PRPA costs are increasing due to reduced wholesale market prices and surplus sales, increased costs for coal, and increased operating costs for aging plants; and WHEREAS, PRPA will increase the City’s wholesale cost of power approximately 3.0% in 2017; and WHEREAS, the increased wholesale power cost will require an average 2.2% rate increase and increased local distribution costs will require an additional average 1.25% rate increase, for a total City electric rates increase in 2017 of 3.45% in order to remain consistent with Article XII, Section 6, of the City Charter; and WHEREAS, the proposed rate increase will vary by customer class based on the cost of service to each class; and WHEREAS, in addition to adjusting the electric rates in the City Code, Utilities staff has identified formatting and maintenance updates to Chapter 26 of the City Code necessary to improve the clarity with which electric rates are stated; and WHEREAS, the Energy Board considered the proposed electric rates, fees, and charges, and language clarifications for 2017 at its October 6, 2016 regular meeting and provided a recommendation of approval to City Council; and - 2 - WHEREAS, the City Manager and staff have recommended to the City Council the following electric rate adjustments and City Code rate language clarifications for all electricity used by GS50 and GS750 rate class customers on or after January 1, 2017, and for all other customer classes for all billings issued with meter readings on or after January 1, 2017; and WHEREAS, based on the foregoing, it is the desire of the City Council to amend Chapter 26 of the City Code to revise the electric rates, fees and charges. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That Sections 26-464 (c) through (f), (p), (r) and (s) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-464. Residential energy service, schedule R. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $5.07 $5.79 (2) Distribution facilities charge Per kWh $0.0238 $0.0256 (3) Energy and demand charge a. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. 1. Tier 1 - for the first five hundred (500) kilowatt hours per month 2. Tier 2 - for the next five hundred (500) kilowatt hours per month 3. Tier 3 - for all additional kilowatt hours per month Per kWh $0.0632 $0.0634 Per kWh $0.0804 $0.0807 Per kWh $0.1146 $0.1150 b. Non-summer. During the non-summer season billing months of January through May and September through December. 1. Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh Per kWh $0.0570 $0.0583 - 3 - 2. Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh 3. Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 (4) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Medical assistance program. . . . (3) The discounted monthly rates for customers with electrical durable medical equipment only shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $5.79 b. Distribution facilities charge Per kWh $0.0238 $0.0256 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0357 $0.0358 Per kWh $0.0804 $0.0807 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0311 $0.0318 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 d. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent - 4 - (4) The discounted monthly rates for customers with medical needs requiring air conditioning only shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $5.79 b. Distribution facilities charge Per kWh $0.0238 $0.0256 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0350 $0.0351 Per kWh $0.0444 $0.0446 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0570 $0.0583 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 d. Payment in lieu of taxes (PILOT) and franchise. A charge of all monthly service charges billed pursuant to this Section 6 percent (5) The discounted monthly rates for customers with electrical durable medical equipment and medical needs requiring air conditioning shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $5.79 b. Distribution facilities charge Per kWh $0.0238 $0.0256 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and - 5 - provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0229 Per kWh $0.0291 $0.0292 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0311 $0.0318 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 d. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent . . . (e) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (e). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (f) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (f) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 . . . (p) Net metering. - 6 - … (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Distribution facilities credit Per kWh $0.0238 $0.0256 b. Energy and demand credit Per kWh $0.0632 $0.0634 (6) TOU rates, for customer-generators participating in a qualifying "time-of-use" (TOU) rate study, consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable study rates under Subsection (s) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Energy and demand credit – summer season billing months 1. On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) Per kWh $0.1968 $ 2. Off-Peak Per kWh $0.0412 $ b. Energy and demand credit – non-summer season billing months 1. On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) Per kWh $0.1632 $ 2. Off-Peak Per kWh $0.0395 $ . . . (r) Net metering—community solar projects. . . . (3) Both the customer’s consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsections (c) and (d) of this Section. The method used to measure energy produced and issue credits under this Section shall be identical for customers participating in third-party administered and City low-income community solar projects. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: - 7 - 1. Distribution facilities credit Per kWh $0.0119 $0.0128 2. Energy and demand credit Per kWh $0.0632 $0.0634 (s) Time of Use (TOU) Pilot Study. (1) Objective. The City has identified potential benefits available through time-of-use (TOU) based electric service rates, including encouraging reduced energy consumption and equitably shifting energy costs to customers who use more energy. In order to study these benefits, Fort Collins Utilities shall conduct a temporary pilot project beginning with the billing cycle commencing on or after October 1, 2015, and concluding after twelve (12) full billing cycles. (2) Scope. The project shall include six thousand residential energy service (Schedule R) customers selected at random. Customers selected at random will be notified and given a one-time opportunity to "opt-out" of participation in the project. Customers who do not opt-out will be assigned, as determined by the Executive Director, to one of the two pilot rates described in Subsections (s)(4) (pilot TOU rate) and (s)(5) (pilot TOU with energy efficiency tier rate), or monitored on their existing residential energy service tiered rate, as a control group. (3) Best-bill guarantee. Customers participating in the pilot project for the full twelve (12) billing cycle period will be eligible for the following best-bill guarantee: the total energy costs paid by each customer under either of the pilot rates for the twelve full billing cycles shall be compared with the energy costs such customer would have paid under the base residential energy service tiered rate during the same twelve billing cycles, and each customer shall be reimbursed (by issuance of a billing credit or otherwise, as determined by the Executive Director) for the amount by which the total energy costs paid exceed the amount that would have been due under the base residential energy service tiered rate for such period. Each customer who pays total energy costs under either of the pilot rates during the twelve full billing cycles of the project that are less than the energy costs such customer would have paid under the base residential energy service tiered rate shall retain those savings. (4) Pilot TOU rate. Customers assigned to this rate during the pilot study shall pay monthly rates under this sub-schedule equal to the sum of the following charges: a. Fixed Charge Per account $5.07 $ b. Distribution facilities charge Per kWh $0.0238 $ c. Energy and demand charge 1. Summer. During the summer season billing months of May, June, July and August, and September - 8 - (a) On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) (b) Off-Peak Per kWh $0.1968 $ Per kWh $0.0412 $ 2. Non-summer. During the non-summer season billing months of January through April and October through December. (a) On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) (b) Off-Peak Per kWh $0.1632 $ Per kWh $0.0395 $ d. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (5) Pilot TOU with energy efficiency tier rate. Customers assigned to this rate during the pilot study shall pay monthly rates under this sub-schedule equal to the sum of the following charges: a. Fixed Charge Per account $5.07 $ b. Distribution facilities charge Per kWh $0.0194 $ c. Energy and demand charge 1. Summer. During the summer season billing months of May, June, July, August, and September (a) On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) (b) Off-Peak Per kWh $0.1968 $ Per kWh $0.0412 $ 2. Non-summer. During the non-summer season billing months of January through April and October through December. (a) On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) (b) Off-Peak Per kWh $0.1632 $ Per kWh $0.0395 $ d. Energy efficiency tier charge, per kilowatt hour for total consumption over 700 kWh in a billing month (regardless of on-peak or off-peak) Per kWh $0.0163 $ e. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent Section 3. That Sections 26-465 (c) through (f), (q), and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-465. Residential demand service, schedule RD. . . . (c) Monthly rate. The monthly rates shall be the sum of the following charges: - 9 - (1) Fixed Charge Per account $5.07 $5.79 (2) Demand charge Per kW $2.36 $2.44 (3) Distribution facilities charge Per kWh $0.0211 $0.0228 (4) Energy charge a. Summer season billing months of June, July and August b. Non-summer season billing months of January through May and September through December Per kWh $0.0435 $0.0443 Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Monthly standby distribution charge: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $2.33 $2.11 - 10 - . . . (q) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Distribution facilities credit Per kWh $0.0238 $0.0256 b. Energy and demand credit Per kWh $0.0632 $0.0634 (r) Net metering-community solar projects. . . . (3) Both the customer's consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The method used to measure energy produced and issue credits under this Section shall be identical for customers participating in third-party administered and City low-income community solar projects. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: 1. Distribution facilities credit Per kWh $0.0119 $0.0128 2. Energy and demand credit Per kWh $0.0632 $0.0634 Section 4. That Sections 26-466 (c) through (e), (q), and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-466. General service, schedule GS. For all metered kilowatts in excess of the contracted amount Per kW $6.99 $6.33 - 11 - . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: 1. Fixed Charge a. Single-phase, two-hundred-ampere service Per account $ 3.26 $3.60 b. Single-phase, above two-hundred-ampere service Per account $ 9.60 $10.61 c. Three-phase, two-hundred-ampere service Per account $ 4.96 $5.48 d. Three-phase, above two-hundred-ampere service Per account $11.74 $12.98 2. Demand charge a. Summer season billing months of June, July, and August Per kWh $0.0289 $0.0268 b. Non-summer season billing months of January through May and September through December Per kWh $0.0156 $0.0164 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 3. Distribution facilities charge Per kWh $0.0227 $0.0244 4. Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 5. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated - 12 - by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 . . . (q) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 (r) Net metering-community solar projects. . . . (3) Both the customer's consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: 1. Distribution facilities credit Per kWh $0.0114 $0.0122 2. Energy and demand credit Per kWh $0.0435 $0.0443 - 13 - . . . Section 5. That Sections 26-467 (c) through (f) and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-467. General service 25, schedule GS25. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: 1. Fixed Charge a. Single-phase, two-hundred-ampere service Per account $ 3.26 $3.60 b. Single-phase, above two-hundred-ampere service Per account $ 9.60 $10.61 c. Three-phase, two-hundred-ampere service Per account $ 4.96 $5.48 d. Three-phase, above two-hundred-ampere service Per account $11.74 $12.98 2. Demand charge a. Summer season billing months of June, July, and August Per kW $7.86 $8.28 b. Non-summer season billing months of January through May and September through December Per kW $4.57 $4.74 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 3. Distribution facilities charge Per kwh $0.0176 $0.0185 4. Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. - 14 - 5. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Monthly standby distribution charge Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $3.82 $3.83 For all metered kilowatts in excess of the contracted amount Per kW $11.45 $11.50 . . . (r) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection - 15 - (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 . . . Section 6. That Sections 26-468 (c) through (g), and (u) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-468. General service 50, schedule GS50. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $9.45 $9.08 An additional charge may be assessed if telephone communication service is not provided by the customer. Per account $40.00 (2) Coincident demand charge a. summer season billing months of June, July and August Per kW $11.68 b. non-summer season billing months of January through May and September through December Per kW $8.15 $8.90 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge Per kW $5.90 $6.25 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. - 16 - (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Standby distribution charge. a. Monthly standby distribution charge shall be the sum of the following charges: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $4.72 $4.92 For all metered kilowatts in excess of the contracted amount Per kW $14.16 $14.77 . . . (g) Excess circuit charge. In the event a utility customer in this rate class desires excess circuit capacity for the purpose of controlling the available electric capacity of a backup circuit connection, this service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable backup demand (in kilowatts) as determined by the customer and approved by the utility according to the following: - 17 - (1) Monthly charge shall be the sum of the following charges: Contracted backup capacity per month Per kW $0.86 $1.01 Metered kilowatts in excess of the contracted amount Per kW $2.58 $3.03 (2) In the event the contractual kilowatt limit is exceeded, a new annual contract period will automatically begin as of the month the limit is exceeded. The metered demand in the month of exceedance shall become the minimum contracted demand level for the excess circuit charge. . . . (u) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 Section 7. That Sections 26-469 (c) through (g) and (v) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-469. General service 750, schedule GS750. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $15.24 $15.56 a. Additional charge for each additional metering point Per account $9.50 b. An additional charge may be assessed if telephone communication service is not provided by the customer. Per account $40.00 (2) Coincident demand charge - 18 - a. summer season billing months of June, July and August Per kW $11.51 b. non-summer season billing months of January through May and September through December Per kW $8.04 $8.77 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge a. First seven hundred fifty (750) kilowatts Per kW $5.85 $6.00 b. All additional kilowatts Per kW $3.48 $3.55 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0428 $0.0436 b. Non-summer season billing months of January through May and September through December Per kWh $0.0412 $0.0419 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 - 19 - (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Standby distribution charge. a. Monthly standby distribution charges shall be paid in the following amounts Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $3.52 $3.41 For all metered kilowatts in excess of the contracted amount Per kW $10.56 $10.24 . . . (g) Excess circuit charge. In the event a utility customer in this rate class desires excess circuit capacity for the purpose of controlling the available electric capacity of a backup circuit connection, this service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable backup demand (in kilowatts) as determined by the customer and approved by the utility at the following: (1) Monthly charge. . . . (v) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0428 $0.0436 Contracted backup capacity per month Per kW $0.64 $0.70 Metered kilowatts in excess of the contracted amount Per kW $1.92 $2.10 - 20 - Section 8. That Sections 26-470 (c) through (e), and (s) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-470. Substation service, schedule SS. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $39.47 $35.38 (2) Coincident demand charge a. summer season billing months of June, July and August Per kW $11.33 b. non-summer season billing months of January through May and September through December Per kW $7.91 $8.64 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge Per kW $2.50 $2.87 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0422 $0.0430 b. Non-summer season billing months of January through May and September through December Per kWh $0.0405 $0.0412 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at a premium per kilowatt hour. The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. - 21 - Per kWh $0.024 $0.025 (e) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility at the following rates: (1) Standby distribution charge. a. Monthly standby distribution charge: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $2.22 $2.55 For all metered kilowatts in excess of the contracted amount Per kW $6.66 $7.65 . . . (s) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0422 $0.0430 Section 9. That the amendments herein are effective and shall go into effect as follows: a. Amended GS50 & GS750 schedule rates shall apply to all electricity used on or after January 1, 2017; b. All other amended schedule rates shall apply to all bills issued on the basis of meter readings on or after January 1, 2017. - 22 - Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- OPTION 2 (Increase in Fixed Monthly Charge Only) ORDINANCE NO. 122, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE ELECTRIC RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6, of the City Charter to fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses and other obligations of the electric utility, as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, the City purchases bulk wholesale electric power from Platte River Power Authority (“PRPA”) pursuant to an Amended Contract for Supply of Electric Power and Energy, dated September 1, 2010; and WHEREAS, PRPA costs are increasing due to reduced wholesale market prices and surplus sales, increased costs for coal, and increased operating costs for aging plants; and WHEREAS, PRPA will increase the City’s wholesale cost of power approximately 3.0% in 2017; and WHEREAS, the increased wholesale power cost will require an average 2.2% rate increase and increased local distribution costs will require an additional average 1.25% rate increase, for a total City electric rates increase in 2017 of 3.45% in order to remain consistent with Article XII, Section 6, of the City Charter; and WHEREAS, the proposed rate increase will vary by customer class based on the cost of service to each class; and WHEREAS, in addition to adjusting the electric rates in the City Code, Utilities staff has identified formatting and maintenance updates to Chapter 26 of the City Code necessary to improve the clarity with which electric rates are stated; and WHEREAS, the Energy Board considered the proposed electric rates, fees, and charges, and language clarifications for 2017 at its October 6, 2016 regular meeting and provided a recommendation of approval to City Council; and -2- WHEREAS, the City Manager and staff have recommended to the City Council the following electric rate adjustments and City Code rate language clarifications for all electricity used by GS50 and GS750 rate class customers on or after January 1, 2017, and for all other customer classes for all billings issued with meter readings on or after January 1, 2017; and WHEREAS, based on the foregoing, it is the desire of the City Council to amend Chapter 26 of the City Code to revise the electric rates, fees and charges. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That Sections 26-464 (c)-(f), (p), (r) and (s) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-464. Residential energy service, schedule R. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $5.07 $6.94 (2) Distribution facilities charge Per kWh $0.0238 (3) Energy and demand charge a. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. 1. Tier 1 - for the first five hundred (500) kilowatt hours per month 2. Tier 2 - for the next five hundred (500) kilowatt hours per month 3. Tier 3 - for all additional kilowatt hours per month Per kWh $0.0632 $0.0634 Per kWh $0.0804 $0.0807 Per kWh $0.1146 $0.1150 b. Non-summer. During the non-summer season billing months of January through May and September through December. 1. Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh 2. Tier 2 - for the next five hundred (500) kilowatt hours Per kWh $0.0570 $0.0583 Per kWh $0.0611 -3- per month, per kWh 3. Tier 3 - for all additional kilowatt hours per month, per kWh $0.0625 Per kWh $0.0703 $0.0719 (4) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Medical assistance program. . . . (3) The discounted monthly rates for customers with electrical durable medical equipment only shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $6.94 b. Distribution facilities charge Per kWh $0.0238 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0357 $0.0358 Per kWh $0.0804 $0.0807 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0311 $0.0318 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 d. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent -4- (4) The discounted monthly rates for customers with medical needs requiring air conditioning only shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $6.94 b. Distribution facilities charge Per kWh $0.0238 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0350 $0.0351 Per kWh $0.0444 $0.0446 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0570 $0.0583 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 d. Payment in lieu of taxes (PILOT) and franchise. A charge of all monthly service charges billed pursuant to this Section 6 percent (5) The discounted monthly rates for customers with electrical durable medical equipment and medical needs requiring air conditioning shall be the sum of the following charges: a. Fixed Charge Per account $5.07 $6.94 b. Distribution facilities charge Per kWh $0.0238 c. Energy and demand charge 1. Summer. During the summer season billing months of June, July and August, with the summer season billing month determined by the month the meter is read, and provided that no customer shall be billed more than three (3) full billing cycles at the summer rate. -5- (a) Tier 1 - for the first five hundred (500) kilowatt hours per month (b) Tier 2 - for the next five hundred (500) kilowatt hours per month (c) Tier 3 - for all additional kilowatt hours per month Per kWh $0.0229 Per kWh $0.0291 $0.0292 Per kWh $0.1146 $0.1150 2. Non-summer. During the non-summer season billing months of January through May and September through December. (a) Tier 1 - for the first five hundred (500) kilowatt hours per month, per kWh (b) Tier 2 - for the next five hundred (500) kilowatt hours per month, per kWh (c) Tier 3 - for all additional kilowatt hours per month, per kWh Per kWh $0.0311 $0.0318 Per kWh $0.0611 $0.0625 Per kWh $0.0703 $0.0719 a. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent . . . (e) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (e). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (f) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (f) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 . . . (p) Net metering. . . . -6- (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Distribution facilities credit Per kWh $0.0238 b. Energy and demand credit Per kWh $0.0632 $0.0634 (6) TOU rates, for customer-generators participating in a qualifying "time-of- use" (TOU) rate study, consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable study rates under Subsection (s) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Energy and demand credit – summer season billing months 1. On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) Per kWh $0.1968 $ 2. Off-Peak Per kWh $0.0412 $ b. Energy and demand credit – non-summer season billing months 1. On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) Per kWh $0.1632 $ 2. Off-Peak Per kWh $0.0395 $ . . . (r) Net metering-community solar projects. . . . (3) Both the customer's consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsections (c) and (d) of this Section. The method used to measure energy produced and issue credits under this Section shall be identical for customers participating in third-party administered and City low-income community solar projects. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: -7- 1. Distribution facilities credit Per kWh $0.0119 2. Energy and demand credit Per kWh $0.0632 $0.0634 (s) Time of Use (TOU) Pilot Study. (1) Objective. The City has identified potential benefits available through time-of-use (TOU) based electric service rates, including encouraging reduced energy consumption and equitably shifting energy costs to customers who use more energy. In order to study these benefits, Fort Collins Utilities shall conduct a temporary pilot project beginning with the billing cycle commencing on or after October 1, 2015, and concluding after twelve (12) full billing cycles. (2) Scope. The project shall include six thousand residential energy service (Schedule R) customers selected at random. Customers selected at random will be notified and given a one-time opportunity to "opt-out" of participation in the project. Customers who do not opt-out will be assigned, as determined by the Executive Director, to one of the two pilot rates described in Subsections (s)(4) (pilot TOU rate) and (s)(5) (pilot TOU with energy efficiency tier rate), or monitored on their existing residential energy service tiered rate, as a control group. (3) Best-bill guarantee. Customers participating in the pilot project for the full twelve (12) billing cycle period will be eligible for the following best-bill guarantee: the total energy costs paid by each customer under either of the pilot rates for the twelve full billing cycles shall be compared with the energy costs such customer would have paid under the base residential energy service tiered rate during the same twelve billing cycles, and each customer shall be reimbursed (by issuance of a billing credit or otherwise, as determined by the Executive Director) for the amount by which the total energy costs paid exceed the amount that would have been due under the base residential energy service tiered rate for such period. Each customer who pays total energy costs under either of the pilot rates during the twelve full billing cycles of the project that are less than the energy costs such customer would have paid under the base residential energy service tiered rate shall retain those savings. (4) Pilot TOU rate. Customers assigned to this rate during the pilot study shall pay monthly rates under this sub-schedule equal to the sum of the following charges: a. Fixed Charge Per account $5.07 $ b. Distribution facilities charge Per kWh $0.0238 $ c. Energy and demand charge 1. Summer. During the summer season billing months of May, June, July and August, and September (a) On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) Per kWh $0.1968 $ -8- (b) Off-Peak Per kWh $0.0412 $ 2. Non-summer. During the non-summer season billing months of January through April and October through December. (a) On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) (b) Off-Peak Per kWh $0.1632 $ Per kWh $0.0395 $ d. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (5) Pilot TOU with energy efficiency tier rate. Customers assigned to this rate during the pilot study shall pay monthly rates under this sub-schedule equal to the sum of the following charges: a. Fixed Charge Per account $5.07 $ b. Distribution facilities charge Per kWh $0.0194 $ c. Energy and demand charge 1. Summer. During the summer season billing months of May, June, July, August, and September (a) On-Peak (Mon-Fri, 2 pm to 7 pm, excluding holidays) (b) Off-Peak Per kWh $0.1968 $ Per kWh $0.0412 $ 2. Non-summer. During the non-summer season billing months of January through April and October through December. (a) On-Peak (Mon-Fri, 5 pm to 9 pm, excluding holidays) (b) Off-Peak Per kWh $0.1632 $ Per kWh $0.0395 $ d. Energy efficiency tier charge, per kilowatt hour for total consumption over 700 kWh in a billing month (regardless of on-peak or off-peak) Per kWh $0.0163 $ e. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent Section 3. That Sections 26-465 (c) through (f), (q), and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-465. Residential demand service, schedule RD. . . . (c) Monthly rate. The monthly rates shall be the sum of the following charges: -9- (1) Fixed Charge Per account $5.07 $6.94 (2) Demand charge Per kW $2.36 $2.44 (3) Distribution facilities charge Per kWh $0.0211 (4) Energy charge a. Summer season billing months of June, July and August b. Non-summer season billing months of January through May and September through December Per kWh $0.0435 $0.0443 Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Monthly standby distribution charge: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $2.33 $2.11 -10- . . . (q) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Distribution facilities credit Per kWh $0.0238 b. Energy and demand credit Per kWh $0.0632 $0.0634 (r) Net metering-community solar projects. . . . (3) Both the customer's consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The method used to measure energy produced and issue credits under this Section shall be identical for customers participating in third-party administered and City low-income community solar projects. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: 1. Distribution facilities credit Per kWh $0.0119 2. Energy and demand credit Per kWh $0.0632 $0.0634 Section 4. That Sections 26-465 (c)-(e), (q), and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-466. General service, schedule GS. . . . For all metered kilowatts in excess of the contracted amount Per kW $6.99 $6.33 -11- (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: 1. Fixed Charge a. Single-phase, two-hundred-ampere service Per account $ 3.26 $3.60 b. Single-phase, above two-hundred-ampere service Per account $ 9.60 $10.61 c. Three-phase, two-hundred-ampere service Per account $ 4.96 $5.48 d. Three-phase, above two-hundred-ampere service Per account $11.74 $12.98 2. Demand charge a. Summer season billing months of June, July, and August Per kWh $0.0289 $0.0268 b. Non-summer season billing months of January through May and September through December Per kWh $0.0156 $0.0164 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 3. Distribution facilities charge Per kWh $0.0227 $0.0244 4. Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 5. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy -12- generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 . . . (q) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 (r) Net metering-community solar projects. . . . (3) Both the customer's consumption of energy from Fort Collins Utilities and interest in the production of energy that flows into Fort Collins Utilities' distribution system shall be measured on a monthly basis. The energy consumed from Fort Collins Utilities by the customer shall be billed at the applicable seasonal tiered rate as outlined in Subsection (c) of this Section. The energy produced by the customer's portion of the qualifying facility shall be credited to the customer monthly as follows: 1. Distribution facilities credit Per kWh $0.0114 $0.0122 2. Energy and demand credit Per kWh $0.0435 $0.0443 -13- . . . Section 5. That Sections 26-467 (c) through (f) and (r) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-467. General service 25, schedule GS25. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: 1. Fixed Charge a. Single-phase, two-hundred-ampere service Per account $ 3.26 $3.60 b. Single-phase, above two-hundred-ampere service Per account $ 9.60 $10.61 c. Three-phase, two-hundred-ampere service Per account $ 4.96 $5.48 d. Three-phase, above two-hundred-ampere service Per account $11.74 $12.98 2. Demand charge a. Summer season billing months of June, July, and August Per kW $7.86 $8.28 b. Non-summer season billing months of January through May and September through December Per kW $4.57 $4.74 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. 3. Distribution facilities charge Per kwh $0.0176 $0.0185 4. Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. -14- 5. Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Monthly standby distribution charge Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $3.82 $3.83 For all metered kilowatts in excess of the contracted amount Per kW $11.45 $11.50 . . . (r) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection -15- (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 Section 6. That Sections 26-468 (c) through (g), and (u) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-468. General service 50, schedule GS50. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $9.45 $9.08 An additional charge may be assessed if telephone communication service is not provided by the customer. Per account $40.00 (2) Coincident demand charge a. summer season billing months of June, July and August Per kW $11.68 b. non-summer season billing months of January through May and September through December Per kW $8.15 $8.90 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge Per kW $5.90 $6.25 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0435 $0.0443 b. Non-summer season billing months of January through May and September through December Per kWh $0.0418 $0.0425 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. -16- (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Standby distribution charge. a. Monthly standby distribution charge shall be the sum of the following charges: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $4.72 $4.92 For all metered kilowatts in excess of the contracted amount Per kW $14.16 $14.77 . . . (g) Excess circuit charge. In the event a utility customer in this rate class desires excess circuit capacity for the purpose of controlling the available electric capacity of a backup circuit connection, this service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable backup demand (in kilowatts) as determined by the customer and approved by the utility according to the following: -17- (1) Monthly charge shall be the sum of the following charges: Contracted backup capacity per month Per kW $0.86 $1.01 Metered kilowatts in excess of the contracted amount Per kW $2.58 $3.03 (2) In the event the contractual kilowatt limit is exceeded, a new annual contract period will automatically begin as of the month the limit is exceeded. The metered demand in the month of exceedance shall become the minimum contracted demand level for the excess circuit charge. . . . (u) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0435 $0.0443 Section 7. That Sections 26-469 (c) through (g) and (v) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-469. General service 750, schedule GS750. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $15.24 $15.56 a. Additional charge for each additional metering point Per account $9.50 b. An additional charge may be assessed if telephone communication service is not provided by the customer. Per account $40.00 (2) Coincident demand charge -18- a. summer season billing months of June, July and August Per kW $11.51 b. non-summer season billing months of January through May and September through December Per kW $8.04 $8.77 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge a. First seven hundred fifty (750) kilowatts Per kW $5.85 $6.00 b. All additional kilowatts Per kW $3.48 $3.55 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0428 $0.0436 b. Non-summer season billing months of January through May and September through December Per kWh $0.0412 $0.0419 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at the premium per kilowatt hour set forth in this Subsection (d). The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. Per kWh $0.024 $0.025 (e) Excess capacity charge. The monthly capacity charge per kilowatt set forth in this Subsection (e) may be added to the above charges for service to intermittent loads in accordance with the provisions of the Electric Service Standards. Per kW $2.00 $2.09 -19- (f) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility according to the following: (1) Standby distribution charge. a. Monthly standby distribution charges shall be paid in the following amounts Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $3.52 $3.41 For all metered kilowatts in excess of the contracted amount Per kW $10.56 $10.24 . . . (g) Excess circuit charge. In the event a utility customer in this rate class desires excess circuit capacity for the purpose of controlling the available electric capacity of a backup circuit connection, this service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable backup demand (in kilowatts) as determined by the customer and approved by the utility at the following: (1) Monthly charge. . . . (v) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0428 $0.0436 Contracted backup capacity per month Per kW $0.64 $0.70 Metered kilowatts in excess of the contracted amount Per kW $1.92 $2.10 -20- Section 8. That Sections 26-470 (c) through (e), and (s) of the Code of the City of Fort Collins are hereby amended to read as follows: Sec. 26-470. Substation service, schedule SS. . . . (c) Monthly rate. The monthly rates for this schedule shall be the sum of the following charges: (1) Fixed Charge Per account $39.47 $35.38 (2) Coincident demand charge a. summer season billing months of June, July and August Per kW $11.33 b. non-summer season billing months of January through May and September through December Per kW $7.91 $8.64 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (3) Distribution facilities charge Per kW $2.50 $2.87 (4) Energy charge a. Summer season billing months of June, July, and August Per kWh $0.0422 $0.0430 b. Non-summer season billing months of January through May and September through December Per kWh $0.0405 $0.0412 c. The meter reading date shall generally determine the summer season billing months; however, no customer shall be billed more than three (3) full billing cycles at the summer rate. (5) Payment in lieu of taxes (PILOT) and franchise. A charge based on all monthly service charges billed pursuant to this Section 6 percent (d) Renewable resource. Renewable energy resources, including, but not limited to, energy generated by the power of wind, may be offered on a voluntary basis to customers at a premium per kilowatt hour. The utility may establish and offer voluntary programs designed to increase and enhance the use of energy generated by renewable energy resources in support of Council-adopted policy applicable to the utility. -21- Per kWh $0.024 $0.025 (e) Standby service charges. Standby service, if available, will be provided on an annual contract basis at a level at least sufficient to meet probable service demand (in kilowatts) as determined by the customer and approved by the utility at the following rates: (1) Standby distribution charge. a. Monthly standby distribution charge: Contracted standby service, this charge shall be in lieu of the distribution facilities charge. Per kW $2.22 $2.55 For all metered kilowatts in excess of the contracted amount Per kW $6.66 $7.65 . . . (s) Net metering. . . . (5) The customer-generator's consumption of energy from the utility and production of energy that flows into the utility's distribution system shall be measured on a monthly basis. The energy consumed from the utility by the customer-generator shall be billed at the applicable rate as outlined in Subsection (c) of this Section. The energy produced by the customer-generator shall be credited to the customer monthly as follows: a. Summer season energy credit Per kWh $0.0422 $0.0430 Section 9. That the amendments herein are effective and shall go into effect as follows: a. Amended GS50 & GS750 schedule rates shall apply to all electricity used on or after January 1, 2017; b. All other amended schedule rates shall apply to all bills issued on the basis of meter readings on or after January 1, 2017. -22- Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- OPTION 1 (3% increase) ORDINANCE NO. 123, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE WATER RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6 of the Charter of the City of Fort Collins, to by ordinance from time to time fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, Article III, Chapter 26 of the City Code establishes the water utility as a utility service furnished by and an enterprise of the City; and WHEREAS, City Code Sections 26-126, 26-127 and 26-129 concern various water- related rates, fees, and charges; and WHEREAS, City Code Section 26-118 requires that the City Manager to analyze the operating and financial records of the utility during each calendar year and recommend to the City Council user rates or adjustments to be in effect for the following year; and WHEREAS, the City Manager and City staff have recommended to the City Council adjustment of the water-related rates, fees, and charges as set forth herein to be effective January 1, 2017; and WHEREAS, the rate increase for water set forth herein is 3% for all customer classes; and WHEREAS, the Water Board considered the proposed water-related rates, fees, and charges adjustments for 2017 at its meeting on October 20, 2016 and recommended approval of the proposed adjustments by a unanimous vote; and WHEREAS, based on the foregoing, City Council desires to amend Chapter 26 of the City Code to adjust the scope and rate of the water-related rates, fees, and charges as set forth herein. -2- NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes any and all determinations and findings contained in the recitals set forth above. Section 2. That Section 26-126 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-126. - Schedule A, flat rates for unmetered construction water use. For residential and nonresidential premises under construction with a planned meter size greater than one (1) inch, no flat unmetered water service will be provided. For residential and nonresidential premises under construction with a planned meter size of one (1) inch or less, the following flat rates will apply per month until the permanent meter is set: ¾-inch construction service, flat charge per month $26.91 $27.72 1-inch construction service, flat charge per month 51.31 $52.85 Section 3. That Section 26-127 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-127. - Schedule B, meter rates. (a) Residential rates. (1) Residential customers with one (1) dwelling unit shall pay the sum of the following changes: a. Base monthly charge for residential customers with one (1) dwelling unit $15.41 $15.87 b. Quantity monthly charge for residential customers with one (1) dwelling unit Tier 1 - For the first seven thousand (7,000) gallons used per month, per one thousand (1,000) gallons $2.386 $2.458 Tier 2 - For the next six thousand (6,000) gallons used per month, per one thousand (1,000) gallons $2.742 $2.824 Tier 3 - For all additional gallons used per month, per one thousand (1,000) gallons $3.154 $3.249 (2) Residential customers with two (2) dwelling units shall pay the sum of the following charges: a. Base monthly charge for residential customers with two (2) dwelling units $16.31 $16.80 -3- b. Quantity monthly charge for residential customers with two (2) dwelling units Tier 1 - For the first nine thousand (9,000) gallons used per month, per one thousand (1,000) gallons $2.071 $2.133 Tier 2 - For the next four thousand (4,000) gallons used per month, per one thousand (1,000) gallons $2.380 $2.451 Tier 3 - For all additional gallons used per month, per one thousand (1,000) gallons $2.739 $2.821 (3) Residential customers with more than two (2) dwelling units shall pay the sum of the following charges: a. Base monthly charge for residential customers with more than two (2) dwelling units First dwelling unit $11.72 $12.07 Second and each additional dwelling unit $3.90 $4.02 b. Quantity monthly charge for residential customers with more than two (2) dwelling units Winter - per one thousand (1,000) gallons used in the winter season months of November through April $1.703 $1.754 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $2.129 $2.193 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. (b) Nonresidential rates. (1) Base charge. Nonresidential, except for special users as described in Subsection 26-127(c) below, customers shall pay a base monthly charge based on meter size as follows: Meter Size (inches) Monthly Base Charge ¾ $13.63 $14.04 1 38.03 $39.17 1½ 103.41 $106.51 2 155.85 $160.53 3 237.70 $244.83 4 373.17 $384.37 6 723.91 $745.63 8 1,278.85 $1317.22 -4- (2) Quantity charges. Nonresidential customers shall pay monthly charges as follows: Winter - per one thousand (1,000) gallons used in the winter season months of November through April $1.897 $1.954 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $2.370 $2.441 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. (3) Charges for excess use. Nonresidential customers shall also pay monthly water use charges in excess of the amounts specified in the following table: Winter - per one thousand (1,000) gallons used in the winter season months of November through April $2.725 $2.807 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $3.408 $3.510 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. Meter Size (inches) Specified Amount (gallons per month) ¾ 100,000 1 300,000 1½ 625,000 2 1,200,000 3 1,400,000 4 2,500,000 (c) High volume industrial rates. High volume industrial rates apply to any customer with an average daily demand in excess of two million (2,000,000) gallons per day. The specific rate for any qualifying customer shall be based upon the applicable peaking factor for that customer as follows: Peaking Factor Monthly Charge per Thousand Gallons 1.00—1.09 $1.490 $1.53 1.10—1.19 1.540 $1.59 -5- 1.20—1.29 1.590 $1.64 1.30—1.39 1.640 $1.69 1.40—1.49 1.690 $1.74 1.50—1.59 1.740 $1.79 1.60—1.69 1.790 $1.84 1.70—1.79 1.840 $1.90 1.80—1.89 1.890 $1.95 1.90—1.99 1.950 $2.01 > 2.00 2.000 $2.06 . . . Section 4. That the modifications set forth above shall be effective for meter readings on or after January 1, 2017, and in the case of fees not based on meter readings, shall be effective for all fees paid on or after January 1, 2017. Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- OPTION 2 (5% increase) ORDINANCE NO. 123, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE WATER RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6 of the Charter of the City of Fort Collins, to by ordinance from time to time fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, Article III, Chapter 26 of the City Code establishes the water utility as a utility service furnished by and an enterprise of the City; and WHEREAS, City Code Sections 26-126, 26-127 and 26-129 concern various water- related rates, fees, and charges; and WHEREAS, City Code Section 26-118 requires that the City Manager analyze the operating and financial records of the utility during each calendar year and recommend to the City Council user rates or adjustments to be in effect for the following year; and WHEREAS, the City Manager and City staff have recommended to the City Council adjustment of the water-related rates, fees, and charges as set forth herein to be effective January 1, 2017; and WHEREAS, the rate increase for water set forth herein is 5% for all customer classes; and WHEREAS, the Water Board considered the proposed water-related rates, fees, and charges adjustments for 2017 at its meeting on October 20, 2016 and recommended approval of the proposed adjustments by a unanimous vote; and WHEREAS, based on the foregoing, City Council desires to amend Chapter 26 of the City Code to adjust the scope and rate of the water-related rates, fees, and charges as set forth herein. -2- NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes any and all determinations and findings contained in the recitals set forth above. Section 2. That Section 26-126 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-126. - Schedule A, flat rates for unmetered construction water use. For residential and nonresidential premises under construction with a planned meter size greater than one (1) inch, no flat unmetered water service will be provided. For residential and nonresidential premises under construction with a planned meter size of one (1) inch or less, the following flat rates will apply per month until the permanent meter is set: ¾-inch construction service, flat charge per month $26.91 $28.26 1-inch construction service, flat charge per month 51.31 $53.88 Section 3. That Section 26-127 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-127. - Schedule B, meter rates. (a) Residential rates. (1) Residential customers with one (1) dwelling unit shall pay the sum of the following changes: a. Base monthly charge for residential customers with one (1) dwelling unit $15.41 $16.18 b. Quantity monthly charge for residential customers with one (1) dwelling unit Tier 1 - For the first seven thousand (7,000) gallons used per month, per one thousand (1,000) gallons $2.386 $2.505 Tier 2 - For the next six thousand (6,000) gallons used per month, per one thousand (1,000) gallons $2.742 $2.879 Tier 3 - For all additional gallons used per month, per one thousand (1,000) gallons $3.154 $3.312 (2) Residential customers with two (2) dwelling units shall pay the sum of the following charges: a. Base monthly charge for residential customers with two (2) dwelling units $16.31 $17.13 -3- b. Quantity monthly charge for residential customers with two (2) dwelling units Tier 1 - For the first nine thousand (9,000) gallons used per month, per one thousand (1,000) gallons $2.071 $2.175 Tier 2 - For the next four thousand (4,000) gallons used per month, per one thousand (1,000) gallons $2.380 $2.499 Tier 3 - For all additional gallons used per month, per one thousand (1,000) gallons $2.739 $2.876 (3) Residential customers with more than two (2) dwelling units shall pay the sum of the following charges: a. Base monthly charge for residential customers with more than two (2) dwelling units First dwelling unit $11.72 $12.31 Second and each additional dwelling unit $3.90 $4.10 b. Quantity monthly charge for residential customers with more than two (2) dwelling units Winter - per one thousand (1,000) gallons used in the winter season months of November through April $1.703 $1.788 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $2.129 $2.235 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. (b) Nonresidential rates. (1) Base charge. Nonresidential, except for special users as described in Subsection 26-127(c) below, customers shall pay a base monthly charge based on meter size as follows: Meter Size (inches) Monthly Base Charge ¾ $13.63 $14.31 1 38.03 $39.93 1½ 103.41 $108.58 2 155.85 $163.64 3 237.70 $249.59 4 373.17 $391.83 6 723.91 $760.11 8 1,278.85 $1342.79 -4- (2) Quantity charges. Nonresidential customers shall pay monthly charges as follows: Winter - per one thousand (1,000) gallons used in the winter season months of November through April $1.897 $1.992 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $2.370 $2.489 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. (3) Charges for excess use. Nonresidential customers shall also pay monthly water use charges in excess of the amounts specified in the following table: Winter - per one thousand (1,000) gallons used in the winter season months of November through April $2.725 $2.861 Summer - per one thousand (1,000) gallons used in the summer season months of May through October $3.408 $3.578 The meter reading date shall generally determine the seasonal monthly quantity charge; however, no customer shall be billed more than six (6) full billing cycles at the summer quantity charge. Meter Size (inches) Specified Amount (gallons per month) ¾ 100,000 1 300,000 1½ 625,000 2 1,200,000 3 1,400,000 4 2,500,000 (c) High volume industrial rates. High volume industrial rates apply to any customer with an average daily demand in excess of two million (2,000,000) gallons per day. The specific rate for any qualifying customer shall be based upon the applicable peaking factor for that customer as follows: Peaking Factor Monthly Charge per Thousand Gallons 1.00—1.09 $1.490 $1.56 1.10—1.19 1.540 $1.62 -5- 1.20—1.29 1.590 $1.67 1.30—1.39 1.640 $1.72 1.40—1.49 1.690 $1.77 1.50—1.59 1.740 $1.83 1.60—1.69 1.790 $1.88 1.70—1.79 1.840 $1.93 1.80—1.89 1.890 $1.98 1.90—1.99 1.950 $2.05 > 2.00 2.000 $2.10 . . . Section 4. That the modifications set forth above shall be effective for meter readings on or after January 1, 2017, and in the case of fees not based on meter readings, shall be effective for all fees paid on or after January 1, 2017. Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- ORDINANCE NO. 124, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE WASTEWATER RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6 of the Charter of the City of Fort Collins, to by ordinance from time to time fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, Article IV, Chapter 26 of the City Code establishes the wastewater utility as a utility service furnished by and an enterprise of the City; and WHEREAS, City Code Sections 26-280 and 26-282 concern various wastewater-related rates, fees, and charges; and WHEREAS, City Code Section 26-277 requires that the City Manager analyze the operating and financial records of the utility during each calendar year and recommend to the City Council user rates or adjustments to be in effect for the following year; and WHEREAS, the City Manager and City staff have also recommended to the City Council adjustment of the wastewater-related rates, fees, and charges as set forth herein to be effective January 1, 2017; and WHEREAS, the rate increase for wastewater set forth herein is 3% for all customer classes; and WHEREAS, the Water Board considered the proposed wastewater-related rates, fees, and charges adjustments for 2017 at its meeting on October 20, 2016 and recommended approval of the proposed adjustments by a unanimous vote; and WHEREAS, based on the foregoing, City Council desires to amend Chapter 26 of the City Code to adjust the scope and rate of the water-related rates, fees, and charges as set forth herein. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: -2- Section 1. That the City Council hereby makes any and all determinations and findings contained in the recitals set forth above. Section 2. That Section 26-280 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-280. Service charges established by category. The schedule of rates for each category described in § 26-279 shall be as follows: Category Class of Customer Rate A Single-family residential user (flat rate) Per month $38.31 $39.46 Single-family residential user (metered water use) 1. Per month $17.12 $17.63 2. Plus, per 1,000 gallons per month $3.326 $3.426 Note: 1. For single family customers who have not yet established a winter quarter water use at the service address, a system average of 4,800 gallons per month shall be billed. 2. After establishment of a winter quarter water use at the service address, the monthly amount billed shall be based on a minimum of 3,000 gallons per month. B Duplex (two-family) residential users (flat rate) Per month $52.48 $54.05 Duplex (two-family) residential users (metered water use) Per month $19.44 $20.02 Or, per 1,000 gallons per month, whichever is greater, to be calculated on a monthly basis $2.918 $3.006 Note: 1. For duplex customers who have not yet established a winter quarter water use at the service address, a system average 7,200 gallons shall be billed. 2. After establishment of a winter quarter use at the service address, the monthly amount billed shall be based on a minimum of 4,000 gallons per month. C Multi-family residential user (more than two dwelling units including mobile home parks) 1. Base charge per month per dwelling unit served $2.53 $2.61 2. Plus, per 1,000 gallons per month $3.222 $3.319 -3- and winter quarter based nonresidential user Note: 1. For multi-family customers who have not yet established a winter quarter water use at the service address, a system average of 3,400 gallons per living unit shall be billed. However, Category D rates will apply to multi-family residential units under construction during the period of service from the installation of the water meter to the date the certificate of occupancy is issued. 2. After establishment of a water quarter use at the service address, the monthly amount billed shall be per 1,000 gallons of winter quarter water use, calculated on a monthly basis. D Minor nonresidential user 1. Per 1,000 gallons of water use, measured sewage flow or winter quarter water use, whichever is applicable, to be calculated on a monthly basis, plus the following applicable base charge: $3.039 $3.130 2. Size of water meter (inches) Base charge ¾ or smaller $8.77 $9.03 1 $20.24 $20.85 1½ $40.74 $41.96 2 $69.71 $71.80 3 $111.38 $114.72 4 $175.90 $181.18 6 $771.12 $794.25 8 $890.36 $917.07 E and F Intermediate nonresidential user and Significant industrial user User shall pay an amount calculated to include: 1. Rate per 1,000 gallons of water use, measured wastewater flow or winter quarter water use per month, whichever is applicable; $3.039 $3.130 2. PLUS a surcharge per million gallons for each milligram per liter of suspended solids in excess of 235 milligrams per liter; $3.535 $3.641 3. PLUS a surcharge for the following: a. per million gallons for each milligram per liter of BOD in excess of 265 milligrams per liter; or $2.945 $3.033 b. per million gallons for each milligram per liter of COD in excess of 400 milligrams per liter; or $1.859 $1.915 -4- c. per million gallons for each milligram per liter of TOC in excess of 130 milligrams per liter, $5.503 $5.668 whichever is applicable. The user shall pay the calculated amount based on 1, 2 and 3 above, plus the applicable base charge set forth below: Size of water meter (inches) Base charge ¾ or smaller $8.77 $9.03 1 $20.24 $20.85 1½ $40.74 $41.96 2 $69.71 $71.80 3 $111.38 $114.72 4 $175.90 $181.18 6 $771.12 $794.25 8 $890.36 $917.07 G User outside City limits The rate for users outside the City limits shall be the same as for like service inside the City limits as is specified in Categories A—F and H in this Section. H Special with agreement The rate pursuant to a special wastewater services agreement approved by the City Council pursuant to § 26-290 shall be set forth in said agreement. Section 3. That Section 26-282(a) of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-282. - Wastewater strength or industrial surcharges and categories established. (a) A monthly wastewater strength surcharge shall be paid by customers located either inside or outside the City limits in accordance with the following schedule: Parameter Excess over (mg/l) Rate per thousand gallons BOD 265 $0.002945 $0.003033 COD 400 $0.001859 $0.001915 TOC 130 $0.005503 $0.005668 TSS 235 $0.003535 $0.003641 . . . -5- Section 4. That the modifications set forth above shall be effective for meter readings on or after January 1, 2017, and in the case of fees not based on meter readings, shall be effective for all fees paid on or after January 1, 2017. Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- OPTION 1 (5% increase) ORDINANCE NO. 125, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE STORMWATER RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6 of the City Charter, to by ordinance from time to time fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, Article VII, Chapter 26 of the City Code establishes the stormwater utility as a utility service furnished by and an enterprise of the City; and WHEREAS, City Council has adopted stormwater basin and City-wide master plans recommending stormwater facilities necessary to provide for proper drainage and control of flood and surface waters within the City; and WHEREAS, in 1998, City Council adopted Ordinance No. 168, 1998, determining that all lands within the City benefit by the installation of such stormwater facilities; and WHEREAS, City Code Section 26-513 imposes stormwater utility fees on all parcels of land within the City to pay for the operation, maintenance, administration and routine functions of the existing and future City stormwater facilities established within the City; and WHEREAS, City Code Section 26-514 sets forth the manner in which stormwater utility fees are to be determined; and WHEREAS, the proposed stormwater utility fee adjustment for 2017 reflects an increase of approximately 5%; and WHEREAS, the Water Board considered the proposed stormwater utility fee adjustments for 2017 at its meeting on October 20, 2016, and recommended approval of the proposed adjustments; and WHEREAS, based on the foregoing, City Council desires to amend Chapter 26 of the City Code to adjust the scope and rate of the stormwater utility fee as set forth herein. -2- NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That Section 26-514(a)(3) of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-514. - Determination of stormwater utility fee. (a) The stormwater utility fee shall be determined as set forth in this Section, and shall be based upon the area of each lot or parcel of land and the runoff coefficient of the lot or parcel. For the purposes of this Section, the total lot or parcel area shall include both the actual square footage of the lot or parcel and the square footage of open space and common areas allocated to such lot as provided in Paragraph (4) of this Subsection. The stormwater utility fee shall recover the costs of both operations and maintenance and a portion of capital improvements. The Utilities Executive Director shall determine the rates that shall apply to each specific lot or parcel of land within the guidelines herein set forth and shall establish the utility fee in accordance with the rate together with the other factors set forth as follows: . . . (3) The base rate for the stormwater utility fee shall be $0.00414540.0043526 per square foot per month for all areas of the City. . . . Section 3. That the modifications set forth above shall be effective for all fees accruing on or after January 1, 2017. Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -3- Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -1- OPTION 2 (3% increase) ORDINANCE NO. 125, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING CHAPTER 26 OF THE CODE OF THE CITY OF FORT COLLINS TO REVISE STORMWATER RATES, FEES, AND CHARGES WHEREAS, the City Council is empowered and directed by Article XII, Section 6 of the City Charter, to by ordinance from time to time fix, establish, maintain and provide for the collection of such rates, fees or charges for utility services furnished by the City as will produce revenues sufficient to pay the costs, expenses, and other obligations as set forth therein; and WHEREAS, the rates, fees or charges for utility services set forth herein are necessary to produce sufficient revenues to provide the utility services described herein; and WHEREAS, the revenue from the rates, fees or charges for utility services set forth herein shall be used to defray the costs of providing such utility services as required by the Charter and the City Code; and WHEREAS, Article VII, Chapter 26 of the City Code establishes the stormwater utility as a utility service furnished by and an enterprise of the City; and WHEREAS, City Council has adopted stormwater basin and City-wide master plans recommending stormwater facilities necessary to provide for proper drainage and control of flood and surface waters within the City; and WHEREAS, in 1998, City Council adopted Ordinance No. 168, 1998, determining that all lands within the City benefit by the installation of such stormwater facilities; and WHEREAS, City Code Section 26-513 imposes stormwater utility fees on all parcels of land within the City to pay for the operation, maintenance, administration and routine functions of the existing and future City stormwater facilities established within the City; and WHEREAS, City Code Section 26-514 sets forth the manner in which stormwater utility fees are to be determined; and WHEREAS, the proposed stormwater utility fee adjustment for 2017 reflects an increase of approximately 3%; and WHEREAS, the Water Board considered the proposed stormwater utility fee adjustments for 2017 at its meeting on October 20, 2016, and recommended approval of the proposed adjustments; and WHEREAS, based on the foregoing, City Council desires to amend Chapter 26 of the City Code to adjust the scope and rate of the stormwater utility fee as set forth herein. -2- NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That Section 26-514(a)(3) of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 26-514. - Determination of stormwater utility fee. (a) The stormwater utility fee shall be determined as set forth in this Section, and shall be based upon the area of each lot or parcel of land and the runoff coefficient of the lot or parcel. For the purposes of this Section, the total lot or parcel area shall include both the actual square footage of the lot or parcel and the square footage of open space and common areas allocated to such lot as provided in Paragraph (4) of this Subsection. The stormwater utility fee shall recover the costs of both operations and maintenance and a portion of capital improvements. The Utilities Executive Director shall determine the rates that shall apply to each specific lot or parcel of land within the guidelines herein set forth and shall establish the utility fee in accordance with the rate together with the other factors set forth as follows: . . . (3) The base rate for the stormwater utility fee shall be $0.00414540.0042697 per square foot per month for all areas of the City. . . . Section 3. That the modifications set forth above shall be effective for all fees accruing on or after January 1, 2017. Introduced, considered favorably on first reading, and ordered published this 1st day of November, A.D. 2016, and to be presented for final passage on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk -3- Passed and adopted on final reading on the 15th day of November, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 Operating Income $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Rate Increase 120.0% Rate Increase 8.0% 10.0% 12.0% 14.0% Rate Increase $50,000,000 $60,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Outstanding Debt $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Available Reserves 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Rate Increase 7.4 HPG ADMINISTRATIVE POSITION CHANGE 5.0 FTE Utilities: Administration & General Operations $42,119 $43,225 7.6 HPG ADMINISTRATIVE POSITION CHANGE 1.0 FTE Utilities: Information Technology Services $23,676 $24,289 7.15 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Systems Analyst $84,105 $111,127 7.17 HPG CAP ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Strategic Account Specia $66,263 $81,784 7.19 HPG CAP ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Program Coordinator Sup $80,380 $90,159 7.20 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Environmental Regulatory Tec $70,149 $78,722 7.21 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Environmental Regulatory Spe $102,394 $114,725 7.22 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Utility Data Scientist $95,743 $98,208 7.23 HPG ENHANCEMENT - Utilities: Customer Service & Administration - Cyber Security - Continuous Improvem $100,000 $100,000 7.25 HPG Withdrawn ENHANCEMENT - Utilities: CS&A - Large Commercial and Industrial Customer Data Portal $300,000 $250,000 7.26 HPG ENHANCEMENT - Utilities: Customer Service & Admin - Customer Relationship Management System E $125,000 $0 7.28 HPG ENHANCEMENT - Utilities: Customer Service & Administration - Regulatory Compliance Software $60,000 $22,000 7.30 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Web Programmer Analyst $84,410 $98,680 7.31 HPG CAP ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Publicity Marketing Techn $66,054 $69,878 7.32 HPG ENHANCEMENT - 1.0 FTE Utilities: Customer Service & Administration - Systems Specialist $77,485 $102,076 TOTAL UNFUNDED $1,443,153 $1,352,003 8.30 Safe ENHANCEMENT - 1.0 FTE Utilities: Conversion of Contractual Special Project Manager to Classified $6,608 $6,774 8.31 Safe ENHANCEMENT - 1.0 FTE Utilities: Stormwater Construction Inspector $77,774 $87,228 7.24 HPG ENHANCEMENT Capital - Utilities: Customer Information Billing System $0 $345,499 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $275,000 $160,000 Subtotal Enhancements $4,959,382 $4,299,501 $4,959,382 $4,299,501 TOTAL WITH ENHANCEMENTS 11,412,136 14,563,925 16,677,361 18,363,266 18,151,833 Less Enhancements ($1,212,852) ($1,036,528) % Change 27.6% 14.5% 10.1% -1.2% Available Reserves REVENUE PROJECTION LESS ALL OFFERS $4,202,893 $2,340,063 ($986,908) ($1,212,852) ($1,036,528) $3,120,300 $1,907,448 $870,920 UNFUNDED ENHANCEMENTS 8.2 Safe ADMINISTRATIVE POSITION CHANGE 8.0 FTE Utilities: Stormwater Core Operations $87,093 $89,052 8.4 Safe Capital Replacement - Utilities: Stormwater - Basin Master Plan Updates $250,000 $250,000 8.5 Safe Capital Replacement - Utilities: Stormwater - Developer Repayments $150,000 $150,000 8.22 Safe ENHANCEMENT - Utilities: Stormwater - New Equipment Purchase $160,000 TOTAL UNFUNDED $647,093 $489,052 8.30 Safe ENHANCEMENT - 1.0 FTE Utilities: Conversion of Contractual Special Project Manager to Classified $6,608 $6,774 8.31 Safe ENHANCEMENT - 1.0 FTE Utilities: Stormwater Construction Inspector $77,774 $87,228 7.24 HPG ENHANCEMENT Capital - Utilities: Customer Information Billing System $0 $345,499 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $275,000 $160,000 Subtotal Enhancements $4,959,382 $4,299,501 $4,959,382 $4,299,501 TOTAL WITH ENHANCEMENTS 11,412,136 14,563,925 16,677,361 18,716,766 18,454,833 Less Enhancements ($1,256,352) ($1,029,528) % Change 27.6% 14.5% 12.2% -1.4% Available Reserves REVENUE PROJECTION LESS ALL OFFERS $4,202,893 $2,340,063 ($986,908) ($1,256,352) ($1,029,528) $3,120,300 $1,863,948 $834,420 UNFUNDED ENHANCEMENTS 8.2 Safe ADMINISTRATIVE POSITION CHANGE 8.0 FTE Utilities: Stormwater Core Operations $87,093 $89,052 8.4 Safe Capital Replacement - Utilities: Stormwater - Basin Master Plan Updates $250,000 $250,000 8.5 Safe Capital Replacement - Utilities: Stormwater - Developer Repayments $150,000 $150,000 8.22 Safe ENHANCEMENT - Utilities: Stormwater - New Equipment Purchase $160,000 TOTAL UNFUNDED $647,093 $489,052 6.55 Envir ENHANCEMENT 1.0 FTE - Utilities: Wastewater - Resource Recovery Specialist $62,453 $77,065 6.56 Envir ENHANCEMENT - Utilities: Wastewater - Sidestream Treatment $4,300,000 7.24 HPG ENHANCEMENT CAPITAL - Utilities: Customer Information Billing System $507,023 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $275,000 $160,000 6.87 Envir ENHANCEMENT Capital - Utilities: Biogas to Co-Gen Update $440,000 Subtotal Enhancements $4,480,071 $10,128,117 $4,480,071 $10,128,117 TOTAL WITH ENHANCEMENTS $27,968,086 $23,912,833 $28,462,496 $25,501,468 $31,706,336 Less Enhancements ($1,050,961) ($6,739,439) % Change -14.5% 19.0% -10.4% 24.3% Available Reserves REVENUE PROJECTION LESS ALL OFFERS ($2,236,126) $1,602,378 ($1,848,543) ($1,050,961) ($6,739,439) $18,500,000 $17,449,039 $10,709,600 UNFUNDED ENHANCEMENTS 6.18 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Database Analyst $47,957 $59,226 6.22 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Contractual Maintenance Specialist (Production) $67,747 $83,576 6.26 Envir ENHANCEMENT - Utilities: Water - Underground Electrical Power Supply $555,000 $650,000 6.27 Envir ENHANCEMENT - Utilities: Water - Watershed Protection $80,000 $80,000 6.29 Envir ENHANCEMENT - Utilities: Water - Cathodic Protection $0 $1,280,000 6.30 Envir ENHANCEMENT - Utilities: Water - Azalea Waterline Replacement $450,000 $0 6.31 Envir ENHANCEMENT - Utilities: Water - Poudre Canyon Raw Water Line Improvements $800,000 $0 6.32 Envir (DELETED) ENHANCEMENT - 0.5 FTE Utilities: Lab Quality Assurance Coordinator 6.33 Envir (DELETED) ENHANCEMENT - Utilities: Water - Real-Time Water Quality Monitoring on the Cache La Poudre River 7.24 HPG ENHANCEMENT CAPITAL - Utilities: Customer Information Billing System $636,638 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $275,000 $160,000 Subtotal Enhancements $3,757,961 $4,316,784 $3,757,961 $4,316,784 TOTAL WITH ENHANCEMENTS $34,330,013 $35,369,868 $46,613,117 $34,292,561 $34,513,703 Less Enhancements $147,311 ($317,543) % Change 3.0% 31.8% -26.4% 0.6% Available Reserves REVENUE PROJECTION LESS ALL OFFERS ($214,313) $28,444 ($12,601,467) $147,311 ($317,543) $4,400,000 $4,547,311 $4,229,768 UNFUNDED ENHANCEMENTS 6.18 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Database Analyst $47,957 $59,226 6.24 Envir CAP ENHANCEMENT CAPITAL - Utilities: Water - Water Treatment Solar Energy System $1,883,000 6.25 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Treatment Solids Drying Pad $1,350,000 6.2 Envir ADMINISTRATIVE POSITION CHANGE 10.0 FTE Utilities: Water Core Operations $121,618 $124,758 6.4 Envir ADMINISTRATIVE POSITION CHANGE 2.0 FTE Utilities: Water - Conservation $62,374 $63,924 6.28 Envir ENHANCEMENT - Utilities: Water - Supply Vulnerability Assessment $250,000 $100,000 6.23 Envir ENHANCEMENT - 1.0 FTE Utilities: Inspector $84,842 $87,228 6.19 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Conservation Coordinator $70,724 $75,394 TOTAL UNFUNDED $1,987,515 $2,393,530 6.21 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Planner Scheduler Dispatcher (Field Operations) $47,618 $49,029 6.22 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Contractual Maintenance Specialist (Production) $67,747 $83,576 6.23 Envir ENHANCEMENT - 1.0 FTE Utilities: Inspector $84,842 $87,228 6.26 Envir ENHANCEMENT - Utilities: Water - Underground Electrical Power Supply $650,000 $650,000 6.27 Envir ENHANCEMENT - Utilities: Water - Watershed Protection $80,000 $80,000 6.28 Envir ENHANCEMENT - Utilities: Water - Supply Vulnerability Assessment $250,000 $100,000 6.29 Envir ENHANCEMENT - Utilities: Water - Cathodic Protection $0 $2,280,000 6.30 Envir ENHANCEMENT - Utilities: Water - Azalea Waterline Replacement $450,000 $0 6.31 Envir ENHANCEMENT - Utilities: Water - Poudre Canyon Raw Water Line Improvements $800,000 $0 6.32 Envir (DELETED) ENHANCEMENT - 0.5 FTE Utilities: Lab Quality Assurance Coordinator 6.33 Envir (DELETED) ENHANCEMENT - Utilities: Water - Real-Time Water Quality Monitoring on the Cache La Poudre River 7.24 HPG ENHANCEMENT CAPITAL - Utilities: Customer Information Billing System $636,638 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $275,000 $160,000 Subtotal Enhancements $4,258,527 $5,579,406 $4,258,527 $5,579,406 TOTAL WITH ENHANCEMENTS $34,330,013 $35,369,868 $46,613,117 $34,793,127 $35,776,325 Less Enhancements $166,745 ($570,165) % Change 3.0% 31.8% -25.4% 2.8% Available Reserves REVENUE PROJECTION LESS ALL OFFERS ($214,313) $28,444 ($12,601,467) $166,745 ($570,165) $4,400,000 $4,566,745 $3,996,580 UNFUNDED ENHANCEMENTS 6.18 Envir ENHANCEMENT - 1.0 FTE Utilities: Water - Database Analyst $47,957 $59,226 6.24 Envir CAP ENHANCEMENT CAPITAL - Utilities: Water - Water Treatment Solar Energy System $1,883,000 6.25 Envir ENHANCEMENT CAPITAL - Utilities: Water - Water Treatment Solids Drying Pad $1,350,000 6.2 Envir ADMINISTRATIVE POSITION CHANGE 10.0 FTE Utilities: Water Core Operations $121,618 $124,758 6.4 Envir ADMINISTRATIVE POSITION CHANGE 2.0 FTE Utilities: Water - Conservation $62,374 $63,924 TOTAL UNFUNDED $1,581,949 $2,130,908 5.23 Econ ENHANCEMENT - Capital Replacement - Utilities: Light & Power - Operational Technology $2,579,927 $182,457 5.25 Econ ENHANCEMENT - Utilities: Light & Power - Stray Voltage Testing $250,000 $0 5.26 Econ CAP ENHANCEMENT - Utilities: Light & Power - Electric Distributed Battery Pilot Program $100,000 $100,000 5.27 Econ ENHANCEMENT - Utilities: Light & Power - Electric Distribution System Corrosion Mitigation $150,000 $175,000 6.76 Envir ENHANCEMENT - Utilities: Light & Power - Energy Services $950,000 $950,000 6.77 Envir ENHANCEMENT - 1.0 FTE - Utilities: Light & Power - Energy Services Engineer $101,260 $104,073 6.78 Envir ENHANCEMENT - Utilities: Light & Power - Renewable Non-Residential Solar Power Purchases $72,500 $282,500 6.79 Envir ENHANCEMENT - Utilities: Light & Power - Renewable Non-Residential Solar Rebates $500,000 $500,000 6.80 Envir ENHANCEMENT - Utilities: Light & Power - Renewable Community Shared Solar $250,000 $250,000 7.24 HPG ENHANCEMENT CAPITAL - Utilities: Customer Information Billing System $0 $810,840 7.29 HPG ENHANCEMENT Capital - Utilities: Asset Register and Work Order Management System $0 $0 Subtotal Enhancements $4,953,687 $3,354,870 $4,953,687 $3,354,870 TOTAL WITH ENHANCEMENTS $134,820,254 $130,764,892 $143,840,225 $141,162,823 $139,756,280 Less Enhancements ($9,459,500) ($3,893,824) % Change -3.0% 10.0% -1.9% -1.0% Available Reserves REVENUE PROJECTION LESS ALL OFFERS ($6,727,943) ($4,891,311) ($10,212,577) ($9,459,500) ($3,893,824) $15,424,517 $5,965,017 $2,071,193 UNFUNDED ENHANCEMENTS Offer Result Title 5.4 Econ ADMINISTRATIVE POSITION CHANGE 8.75 FTE - Utilities: Light & Power - Operations $37,288 $38,311 6.66 Envir ADMINISTRATIVE POSITION CHANGE 1.0 FTE Utilities: Light & Power - Energy Services $15,155 $15,551 5.10 Econ Capital Replacement - Utilities: Light & Power - Mulberry System Infrastructure Investment $0 $500,000 5.21 Econ ENHANCEMENT - Capital Replacement - Utilities: Light & Power - LED Street Light Conversion $500,000 $950,000 5.22 Econ ENHANCEMENT - Capital Replacement - Utilities: Light & Power - Cut to Length Cable Program $900,000 $0 5.24 Econ ENHANCEMENT - 1.0 FTE - Utilities: Light & Power - Planner Scheduler $116,038 $119,221 6.75 Envir ENHANCEMENT - Utilities: Light & Power - Distributed Energy Resource Management System $179,400 $50,712 94.1 Envir ENHANCEMENT: Wind and Solar Energy for Municipal Operations $599,187 $654,113 TOTAL UNFUNDED $2,347,068 $2,327,908 10/18/2016 b. Issue debt no more frequently than once every 3 years