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FY 2020 - 2021 Rate Adjustments

​Risk Adjustments

During the FY 2020-21 rate period, power and/or transmission rates may be adjusted each year in accordance with the respective Cost Recovery Adjustment Clause (CRAC), the Reserves Distribution Clause (RDC), and the Financial Reserves Policy (FRP) Surcharge provisions (see Power General Rate Schedule Provisions, sections II.O, II.P, and II.Q and Transmission General Rate Schedule Provisions, sections II.G, II. H, and II.I).

​Final FY 2020 Power FRP Surcharge

In accordance with the 2020 Power Rate Schedules and General Rate Schedule Provisions, GRSP Section II.Q, the Power FRP Surcharge Amount for FY 2020 is $30 million.  The FY 2020 Power FRP Surcharge rate is 0.81 mills per kilowatthour for December 2019 – September 2020; and the final annual rate is 0.67 mills per kilowatthour. The 2020 Power Rates Schedules and GRSPs were updated on December 11, 2019, to reflect the implementation of the Power FRP Surcharge (see Appendix A for all updates).

The final FY 2020 Power FRP Surcharge is the same as that provided to interested parties for review and comment in November 2019.  Provided below are the final FY 2020 Power FRP Surcharge rates and supporting documentation. 

Public Comment Period

A public comment period on the preliminary FY 2020 Power FRP Surcharge was open from November 21 through December 5, 2019. No comments were submitted. 

​Preliminary FY 2020 Power FRP Surcharge Notification and Workshop

Below are the preliminary FY 2020 Power FRP Surcharge Amount and Rates and supporting documentation, and information that were provided for review in advance of the November 20, 2020 workshop.