Subject: Hawaiian Electric Energy Cost Adjustment Factor for January 2014

Transcription

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2 PO Box 2750 Honolulu, HI Patsy H. Nanbu Vice President Regulatory Affairs December 27, 2013 The Honorable Chair and Members of the Hawaii Public Utilities Commission Kekuanaoa Building, First Floor 465 South King Street Honolulu, Hawaii Dear Commissioners: Subject: Hawaiian Electric Energy Cost Adjustment Factor for January 2014 Hawaiian Electric Company Inc. s ( Hawaiian Electric or Company ) January 2014 energy cost adjustment factor is cents per kilowatt-hour ( kwh ), an increase of cents per kwh from last month. A residential customer consuming 600 kwh of electricity will be paying $ an increase of $5.02 compared to rates effective December 1, The increase in the typical residential bill is due to the increase in the energy cost adjustment factor (+$5.16) and the decrease in the Purchased Power Adjustment Clause rate (-$0.14). The Company s fuel composite cost of generation decreased cents per million BTU to 2, cents per million BTU. The Company s Distributed Generation ( DG ) energy component increased cents per kwh to cents per kwh. The composite cost of purchased energy decreased cents per kwh to cents per kwh. The attached sheets set forth the energy cost adjustment factor in cents per kwh for each rate schedule that is applicable for prorata use beginning January 1, Sincerely, /s/ Patsy H. Nanbu Attachments cc: Division of Consumer Advocacy

3 ATTACHMENT 1 ENERGY COST ADJUSTMENT FACTOR Effective Dates 12/1/13 01/01/14 Change Composite Cost Of Generation, /mmbtu 2, , (16.87) DG Energy Component, /kwh Composite Cost Of Purchased Energy, /kwh (0.691) Residential, Schedule "R" Energy Cost Adjustment, /kwh Others, Schedules "G,J,DS,P,F" Energy Cost Adjustment, /kwh Residential Customer with: 700 kwh Consumption, $/bill kwh Consumption, $/bill Supercedes Sheet Effective: December 1, 2013

4 ATTACHMENT 2 Page 1 OF 2 ENERGY COST ADJUSTMENT (ECA) FILING - January 1, 2013 (page 1 of 2) Line 1 Effective Date - January 1, Supercedes Factor - December 1, 2013 ENERGY COST ADJUSTMENT FILING GENERATION COMPONENT CENTRAL STATION FUEL PRICES, /MBTU 3 Honolulu 2, Kahe 2, Waiau-Steam 2, Waiau-Diesel 2, CIP-Diesel N/A 8 CIP-Biodiesel 3, Other 0 BTU MIX, % DG ENERGY COMPONENT 10 Honolulu COMPOSITE COST OF DG 11 Kahe ENERGY, /kwh Waiau-Steam % Input to System kwh Mix Waiau-Diesel CIP-Diesel N/A 34 WTD COMP DG ENRGY COST, 15 CIP-Biodiesel 1.76 /kwh (Lines 32 x 33) Other BASE DG ENERGY COMP COST COMPOSITE COST OF GENERATION, 36 Base % Input to System kwh Mix 0.00 CNTRL STN + OTHER /mmbtu 2, WTD BASE DG ENERGY COST, 18 % Input to system kwh Mix /kwh (Line 35 x 36) EFFICIENCY FACTOR, mmbtu/kwh 38 Cost Less Base (Line 34-37) (A) (B) (C) (D) 39 Loss Factor Percent of 40 Revenue Tax Req Multiplier Eff Factor Centrl Stn + Weighted 41 DG FACTOR, Fuel Type mmbtu/kwh Other Eff Factor /kwh (Line 38 x 39 x 40) LSFO Diesel Biodiesel Other (Lines 19 through 22): Col(B) x Col(C) = Col(D) 23 Weighted Efficiency Factor, mmbtu/kwh [lines 19(D) + 20(D) + 21(D) + 22(D)] WGTD. COMPOSITE CNTRL STN + OTHER GEN COST, /kwh (lines 17 x 18 x 23) BASE CNTRL STN + OTHER GEN. COST, /Mbtu 1, Base % Input to System kwh Mix Efficiency Factor, Mbtu/kWh WEIGHTED BASE CNTRL STN + OTHER GEN COST /KWH (lines 25 x 26 x 27) SUMMARY OF TOTAL GENERATION FACTOR, /kwh 29 Cost Less Base (Line 24-28) CNTRL STN + OTHER (line 31) Revenue Tax Req Multiplier DG (line 41) CNTRL STN + OTHER GENERATION FACTOR, 44 TOTAL GENERATION FACTOR, /KWH (Line 29 x 30) /KWH (lines )

5 ATTACHMENT 2 Page 2 OF 2 ENERGY COST ADJUSTMENT (ECA) FILING - January 1, 2013 (page 2 of 2) Line 1 Effective Date - January 1, Supercedes Factor - December 1, 2013 ENERGY COST ADJUSTMENT FILING Line PURCHASED ENERGY COMPONENT PURCHASED ENERGY PRICE - /KWH 45 THC - On Peak Off Peak HRRV - On Peak Off Peak HRRV - On Peak (excess) Off Peak (excess) Chevron - On Peak Off Peak Kalaeloa AES-HI Kawailoa Kahuku Wind As Available I FIT PURCHASED ENERGY KWH MIX, % 59 THC - On Peak Off Peak HRRV - On Peak Off Peak HRRV - On Peak (excess) Off Peak (excess) Chevron - On Peak Off Peak Kalaeloa AES-HI Kawailoa Kahuku Wind As Available I FIT COMPOSITE COST OF PURCHASED ENERGY, /KWH % Input to System kwh Mix WTD CMP PURCH ENRGY COST, /KWH (lines 73 x 74) BASE PURCH ENERGY COMP COST Base % Input to System kwh Mix WEIGHTED COMP. PURCH. ENERGY COST, /KWH (lines 76 x 77) Cost Less Base (Line 75-78) Loss Factor Revenue Tax Req Multiplier Line SYSTEM COMPOSITE 82 PURCHASED ENERGY FACTOR, /KWH (lines 79 x 80 x 81) GEN AND PURCHASED ENERGY FACTOR, /kwh (lines ) Adjustment, /kwh ECA Reconciliation Adjustment (0.389) 86 ECA FACTOR, /kwh (lines ) 5.946

6 ATTACHMENT 3 PAGE 1 OF 4 FUEL OIL INVENTORY PRICES FOR Honolulu Kahe Waiau Average Low Sulfur Fuel Oil, /Mbtu 2, , , Kahe Fuel Additive, /Mbtu Honolulu Trucking Cost, /Mbtu Low Sulfur Fuel Oil Prices Used For Filing, /Mbtu 2, , , Waiau CIP Average Diesel / Bioddiesel Oil, /Mbtu 2, , Thruput Charges, /Mbtu - - Diesel / Biodiesel Oil Prices Used for Filing, /Mbtu 2, , Honolulu Kahe Waiau Average Low Sulfur Fuel Oil, $/bbl Kahe Fuel Additive, $/bbl Honolulu Trucking Cost, $/bbl Low Sulfur Fuel Oil Prices Used For Filing, $/bbl Waiau CIP Average Diesel / Biodiesel Oil, $/bbl Thruput Charges, /Mbtu - - Diesel / Biodiesel Oil Prices Used for Filing, $/bbl Distibuted Generation Fuel Prices Used for Filing, /kwh

7 ATTACHMENT 3 PAGE 2 OF 4 FOAC January 2014 LSFO BARRELS MBTU AMOUNT AVE $/MBTU Per FOAC run 651,111 4,083, ,548, Additional Forecast Amt 651,111 4,083, ,548, ADD'L BBL 4,083, , MBTU / BBL 84,548, , DOLLARS / BBL WAIAU DIESEL 20, , ,733, ,733,128 20, DOLLARS / BBL CIP BIODIESEL 31, , ,078, ,078,701 31, DOLLARS / BBL KAHE FUEL ADDITIVE * Additional Forecast Amt $ / BBL = DOLLARS / BBL HONOLULU TRUCKING COST Per FOAC run 8,503 53, , Additional Forecast Amt 8,503 53, , $ / BBL = 20,146 8, DOLLARS / BBL * Annualized amount per HECO T-4 in Docket No

8 ATTACHMENT 3 PAGE 3 OF 4 CONTRACT PRICES EFFECTIVE TYPE OF OIL BURNED $/BBL /MBTU LOW SULFUR FUEL OIL Tax * Ocean Transportation Land Transportation Storage Wharfage DIESEL Tax * Ocean Transportation Land Transportation Storage Wharfage BIODIESEL Tax * Ocean Transportation Land Transportation Storage Wharfage * Tax includes HGET, Hawaii Use Tax, Liquid Fuel Tax, LUST and Environmental Response Tax. Note: Since these components are not accounted for separately in inventory, contract prices for the current month are being provided. Contract prices are considered accurate pending actual delivery of the fuel.

9 ATTACHMENT 3 PAGE 4 OF 4 HAWAIIAN ELECTRIC COMPANY, INC. DETERMINATION OF DISTRIBUTED GENERATION EXPENSE Line No. L1 Estimated Distributed Generation Fuel Cost ($/mbtu) $51.35 L2 Estimated Distributed Generation Fuel Transport Cost ($/mbtu) $0.00 L3 = L1+ L2 Estimated Total Fuel and Transportation Cost ($/mbtu) $51.35 L4 Estimated Mbtu Generation for month (January 2014) 4,434 L5 = L3 x L4 Estimated Distributed Generation Total Fuel Cost ($) $227,680 L6 Estimated Distributed Generation kwh Produced (January 2014) 380,000 L7 = (L5 L6) x 100 Distributed Generation Fuel Prices Used for Filing, ( /kwh)

10 ATTACHMENT 4 PAGE 1 OF 1 ECA RECONCILIATION ADJUSTMENT January 2014 Amount to be returned $ (5,772,682) Monthly Amount (Line 1 x 1/3) $ (1,924,227.22) Revenue Tax Multiplier Total (Line 2 x Line 3) $ (2,111,839.37) Estimated MWh Sales (January 2014) 542,600 ECA Reconciliation Adjustment, /kwh (Line 4 Line 5) (0.389)

11 Pfflg HECO ECAC FILING eff date xlsx 12/27/2013 ATTACHMENT 5 HAWAIIAN ELECTRIC COMPANY, INC Cumulative Reconciliation Balance (1) (2) (3) (4) (5) (6) FOA Rec FOA Rec Month-end YTD FOA Adjust Less Try to Actual Cumulative Month Reconciliation Qtr Variance Variance Collect Collect Balance December 12 (2,232,446) (2,305,660) 2,070,865 January 13 (2,232,446) (2,132,125) (61,260) February (1,544,400) (4) (161,587) (1,382,813) 514, ,024 (954,049) March 514, ,946 (474,103) April 514, ,128 40,025 May (2,024,948) (1) 40,691 (2,065,639) 674, ,981 (1,364,633) June 674, ,313 (732,320) July 674, ,380 (73,940) August (1,423,868) (2) (57,343) (1,366,525) 474, ,158 (988,307) September 474, ,462 (533,845) October 474, ,072 (68,773) November 5,772,682 (3) (59,228) 5,831,910 (1,924,227) (1,858,279) 3,904,858 December (1,924,227) January '14 (1,924,227) NOTES: Col(1): Quarterly FOA reconciliation amounts. (Refer to Attachment 4) A positive number is an over-collection. A negative number is an under-collection. Col(2): FOA reconciliation adjustment variance accumulated during the last three months, starting with the fourth prior month; the difference between the estimated recorded sales used to derive the $/kwh adjustment and the actual recorded sales. (Col(5)-Col(4)) Col(3): FOA reconciliation generated in the current quarter. The YTD FOA reconciliation difference minus the adjustment variance. Col(1)-Col(2) Col(4): Amount that the FOA reconciliation adjustment is trying to collect. (Col(1) * 1/3) Col(5): Actual collected amount. (recorded sales * $/kwh adjustment/ ) Col(6): Cumulative balance of the FOA reconciliation (Previous balance + Col(3) + Col(5))

12 FUEL OIL ADJUSTMENT FACTOR DATA ATTACHMENT 6A FUEL FACTOR CENTS / KWH RESIDENTIAL & RESIDENTIAL BILL ($) EFFECTIVE DATE KWH January 1, February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1, December 1, January 1, February 1, March 1, April 1, May 1, June 1, July 1, July 22, August 1, September 1, October 1, November 1, December 1, January 1, February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1, December 1, January 1, February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1, December 1, January 1,

13 RESIDENTIAL SURCHARGE DATA ATTACHMENT 6B EFFECTIVE DATE DESCRIPTION OF SURCHARGE RATE 01/01/10-03/31/10 RESID. DSM ADJUSTMENT CENTS/KWH 01/01/10-12/31/10 RESID. PBF SURCHARGE ADJUSTMENT CENTS/KWH 02/20/10-02/28/11 INTERIM RATE INCREASE 2009 TEST YEAR Schedule R/E/TOU-R 7.04 PERCENT ON BASE 04/01/10-03/31/11 RESID. DSM ADJUSTMENT CENTS/KWH 04/01/10-04/30/10 SOLARSAVER ADJUSTMENT CENTS/KWH 05/01/10-03/31/11 SOLARSAVER ADJUSTMENT CENTS/KWH 1/1/ /31/11 RESID. PBF SURCHARGE ADJUSTMENT CENTS/KWH 02/01/11-02/28/11 INTERIM RATE REFUND 2009 TEST YEAR Schedule R/E/TOU-R PERCENT ON BASE 02/01/11-02/28/11 IRP RECOVERY REFUND PERCENT ON BASE 03/01/11 IRP RECOVERY REFUND PERCENT ON BASE 03/01/11-04/30/11 PURCHASE POWER ADJUSTMENT - RES CENTS/KWH 03/01/11 FINAL RATE INCREASE (TY2009) 5.1% EFFECTIVE 03/01/11, DOCKET NO /01/11-04/30/11 SOLARSAVER ADJUSTMENT CENTS/KWH 4/1/2011-3/31/12 RESID. DSM ADJUSTMENT CENTS/KWH 05/01/11-7/31/11 PURCHASE POWER ADJUSTMENT - RES CENTS/KWH 5/1/2011-3/31/12 SOLARSAVER ADJUSTMENT CENTS/KWH 05/01/11-05/31/11 RECONCILIATION OF INTERIM 2009 TEST YEAR REFUND Schedule R/E/TOU-R PERCENT ON BASE 6/1/2011 RECONCILIATION OF INTERIM 2009 TEST YEAR REFUND Schedule R/E/TOU-R 0.00 PERCENT ON BASE 6/1/2011-7/25/11 REVENUE BALANCING ACCOUNT RATE ADJUSTMENT CENTS/KWH 7/26/2011-4/1/2012 INTERIM RATE INCREASE 2011 TEST YEAR 4.32 PERCENT ON BASE 7/26/2011-5/30/12 REVENUE BALANCING ACCOUNT RATE ADJUSTMENT CENTS/KWH 8/1/ /31/2011 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 11/1/ /31/12 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 1/1/ /31/2012 RESID. PBF SURCHARGE ADJUSTMENT CENTS/KWH 2/1/2012-4/30/12 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 4/1/2012-4/30/12 SOLARSAVER ADJUSTMENT CENTS/KWH 4/1/2012-3/31/2013 RESID. DSM ADJUSTMENT CENTS/KWH 4/2/2012-5/20/12 INTERIM RATE INCREASE 2011 TEST YEAR (REVISED) 4.73 PERCENT ON BASE 5/1/2012-3/31/2013 SOLARSAVER ADJUSTMENT CENTS/KWH 5/1/2012-7/31/2012 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 5/21/ /31/2012 INTERIM RATE INCREASE 2011 TEST YEAR (REVISED) 4.78 PERCENT ON BASE 5/21/2012-6/19/12 REFUND OF 2011 INTERIM INCREASE PERCENT ON BASE 6/1/2012-5/31/2013 REVENUE BALANCING ACCOUNT RATE ADJUSTMENT CENTS/KWH 6/20/2012-8/31/2012 REFUND OF 2011 INTERIM INCREASE 0.00 PERCENT ON BASE 8/1/ /31/2012 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 09/01/12 FINAL RATE INCREASE (TY2011) 3.39% EFFECTIVE 09/01/12, DOCKET NO /1/ /30/2012 REFUND OF 2011 INTERIM RATE INCREASE PERCENT ON BASE 10/1/ /31/2012 REFUND OF 2011 INTERIM RATE INCREASE 0.00 PERCENT ON BASE 11/1/ /31/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 1/1/ /31/2013 REFUND OF 2011 INTERIM RATE INCREASE PERCENT ON BASE 1/1/2013-6/30/2013 RESID. PBF SURCHARGE ADJUSTMENT CENTS/KWH 2/1/2013 REFUND OF 2011 INTERIM RATE INCREASE 0.00 PERCENT ON BASE 2/1/2013-4/30/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 4/1/2013-4/30/2013 SOLARSAVER ADJUSTMENT CENTS/KWH 4/1/2013 RESIDENTIAL DSM ADJUSTMENT CENTS/KWH 5/1/2013 SOLARSAVER ADJUSTMENT CENTS/KWH 5/1/2013-7/31/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 5/15/2013 RENEWABLE ENERGY INFRASTRUCTURE COST CENTS/KWH RECOVERY PROVISION 6/1/2013 REVENUE BALANCING ACCOUNT RATE ADJUSTMENT CENTS/KWH 7/1/2013 RESID. PBF SURCHARGE ADJUSTMENT CENTS/KWH 8/1/2013-8/31/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 9/1/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 10/1/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 11/1/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 12/1/2013 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH 1/1/2014 PURCHASED POWER ADJUSTMENT CLAUSE CENTS/KWH

14 ATTACHMENT 7 Residential Bill at 600 KWH/Month Consumption Dollars Per Month $250 $245 $240 $235 $230 $225 $220 $215 $210 $205 $200 $195 $190 $185 $180 $175 $170 $165 $160 $155 $150 $145 $140 $135 $130 $125 $120 $115 $110 $105 $100 Jan 2011 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2012 Feb Mar Apr May June July August September October November December January February March April May June July August September October November December January Pfflg HECO ECAC FILING eff date xlsx Attach 7-Chart Bill 12/27/2013

15 ATTACHMENT 8 CALCULATIONS OF THE AVERAGE RESIDENTIAL CUSTOMER BILL Rate Charge ($) at 600 kwh 12/1/2013 1/1/ /1/2013 1/1/2014 Difference Base Fuel/Energy Charge /kwh Non-fuel Fuel Energy Charge First 350 kwhr per month /kwh Next 850 kwhr per month /kwh Customer Charge $ Total Base Charges Purchase Power Adjustment /kwh (0.14) RBA Rate Adjustment /kwh DSM Adjustment /kwh Interim Rate Increase (TY 2011) % on base 0.000% 0.000% Refund of 2011 Interim % on base 0.000% 0.000% PBF Surcharge /kwh Renewable Energy Infrastructure Cost Recovery Provision /kwh SolarSaver Adjustment /kwh Energy Cost Adjustment /kwh Avg Residential Bill at 600 kwh Increase / (Decrease) 5.02 % Change 2.43% Rate Charge ($) at 700 kwh 12/1/2013 1/1/ /1/2013 1/1/2014 Difference Base Fuel/Energy Charge /kwh Non-fuel Fuel Energy Charge First 350 kwhr per month /kwh Next 850 kwhr per month /kwh Customer Charge $ Total Base Charges Purchase Power Adjustment /kwh (0.17) RBA Rate Adjustment /kwh DSM Adjustment /kwh Interim Rate Increase (TY 2011) % on base 0.000% 0.000% Refund of 2011 Interim % on base 0.000% 0.000% PBF Surcharge /kwh Renewable Energy Infrastructure Cost Recovery Provision /kwh SolarSaver Adjustment /kwh Energy Cost Adjustment /kwh Avg Residential Bill at 700 kwh Increase / (Decrease) 5.84 % Change 2.44%