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AEP Ohio Electric Security Plan. (Filed January 27, 2011). Technical Conference. Case Nos. 11-346-EL-SSO and 11-348-EL-SSO. March 8, 2011. AEP Ohio – Electric Security Plan Summary. Electric Security Plan (ESP) filed January 27, 2011
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AEP Ohio Electric Security Plan (Filed January 27, 2011) Technical Conference Case Nos. 11-346-EL-SSO and 11-348-EL-SSO March 8, 2011
AEP Ohio – Electric Security PlanSummary • Electric Security Plan (ESP) filed January 27, 2011 • Information provided for Columbus Southern Power, Ohio Power, and a merged AEP Ohio Company • Merger proceedings in progress at PUCO and FERC • Separate Distribution Rate Case Proceeding • Filed February 28, 2011 • Proposed 29 Month Period • January 2012 – May 2014 • All customer classes • Addresses generation rates • Includes certain distribution elements
AEP Ohio – Electric Security PlanSummary - Continued • Filing Presents AEP Ohio’s Vision of the Future: • AEP Ohio Growth Fund; • Partnership With Ohio; • gridSMART® continuation and expansion; • Distribution Investment and Vegetation Management; • Optional Green Power Portfolio Rider; • Plug-In Electric Vehicle Provision; • Energy Efficiency (EE), Peak Demand Reduction (DR) & Renewable Energy; • Generation, Environmental and Renewable Investment; and • Rate Security Rider.
AEP Ohio – Electric Security PlanSummary - Continued • Base Generation Rate* increase request of : • 1.4% in 2012 • 2.7% in 2013 • No Increase in January through May 2014 • Continued Recovery of Fuel (FAC) and Environmental Cost Note: Individual customer classes will see increases/decreases that vary from the overall increase.
AEP Ohio – Electric Security PlanGeneration Rate Realignment • Base generation rates designed to resemble market pricing structures • Seasonal rates for all customers • Summer: June through September • Winter: October through May • Simplified tariff classes: • Residential • Non-demand metered C&I • Demand Metered C&I • Lighting • Market Transition Rider • Mitigate Customer Class Impacts in 2012 and 2013
AEP Ohio – Electric Security PlanUpdated Current Riders • Fuel Adjustment Clause (FAC) Rider • No longer subject to rate caps • RECs removed from FAC • Environmental Investment Carrying Cost Rider • Include environmental O&M • Provider of Last Resort Charge • Updated values
AEP Ohio – Electric Security PlanProposed New Riders • Standard Offer Generation Service Rider • Relocation of base generation rates to a rider • Generation Resource Rider • Costs for new generation resources, including renewables • Alternative Energy Rider • Relocation of RECs from FAC • Phase-In Recovery Rider • Previous ESP deferrals, possibility of securitization
AEP Ohio – Electric Security PlanProposed New Riders - Continued • Distribution Investment Rider • Support for capital funding for distribution asset management programs, distribution capacity and infrastructure additions and continued implementation of advanced technology and gridSMART® • Generation NERC Compliance Cost Recovery Rider • Generation Costs resulting from NERC standards • Facility Closure Cost Recovery Rider • Actual closure costs for any generation-related facility closed during the ESP • Carbon Capture and Sequestration (CCS) Rider • Ohio share of Front-End Engineering and Design study costs for Commercial Scale CCS Facility
AEP Ohio – Electric Security Plan Proposed New Riders - Continued • Market Transition Rider • Mitigate customer class impacts in 2012 and 2013 2012 Change 2012 Change Customer without with Company Class Market Transition Rider Market Transition Rider RS 5.0% CSP 7.2% GS1 (6.4%) CSP (20.0%) GS2 (5.3%) CSP (20.0%) GS3 (0.3%) CSP (3.7%) GS4/IRP 2.3% CSP 12.2% RS 6.0% OPCo 6.6% GS1 1.5% OPCo (9.8%) GS2 0.1% OPCo (6.8%) GS3 (0.7%) OPCo (0.6%) GS4/IRP (6.6%) OPCo (0.8%) Total 1.4% 1.4%
AEP Ohio – Electric Security PlanOther Provisions • Rate Security Rider • Customer option to elect standard offer service from the Company for the ESP term plus 3 years • Customer receives 15% discount on base generation rate for term of ESP. Rate customer paying at end of ESP increases 5% a year at beginning of each of year (June 1, 2014, 2015 and 2016). • In other words, in final year of agreement (June 2016 – May 2017), customer’s base generation rate equal to “standard” base generation rate for January 2013 – May 2014. • Limited to customers > 200 kW and a total of 2,500 GWH aggregate annual usage • Available to customers in certain standard industrial classification (SIC) codes • March 31, 2012 enrollment deadline
AEP Ohio – Electric Security PlanOther Provisions - Continued • Green Power Portfolio Rider • Customer can choose to purchase 25%, 50%, 75% or 100% of energy requirements from Renewable Energy Resources • Plug-In Electric Vehicle Provision • Experimental provision with a time-of-use rate and reimbursement for up to $2,500 towards charging station installation. Limited to 200 customers.
AEP Ohio – Electric Security PlanOther Provisions - Continued • Emergency Curtailable Service Rider • New interruptible service offering similar to PJM-offered program • Current IRP-D customers have option to remain on IRP-D • Storm Damage Recovery Mechanism • Accounting mechanism to track actual storm experience relative to baseline • Pool Termination or Modification Provision • Addresses treatment should costs during term of ESP significantly increase due to the elimination of the AEP Pool or substitution of a new agreement
AEP Ohio – Electric Security PlanGuide to Filing Documents Witness General Subject Areas Joseph Hamrock General Policy Witness Market Transition Rider (MTR) Green Power Portfolio Rider (GPPR) Economic Development Rider (EDR) Rate Security Rider (RSR) Philip Nelson Fuel Adjustment Clause (FAC) Phase-In Recovery Rider (PIRR) Generation Resource Rider (GRR) Alternative Energy Rider (AER) Environmental Investment Carrying Cost Rider(EICCR) Carbon Capture and Sequestration Rider (CCSR) Pool termination & modification
AEP Ohio – Electric Security PlanGuide to Filing Documents - Continued Witness General Subject Areas Renee Hawkins Securitization of Deferred Fuel Jay Godfrey Renewable Portfolio Standard (RPS) and RPS approval process Thomas Kirkpatrick Distribution Investment Rider (DIR) Enhanced Service Reliability Rider (ESRR) Storm Damage Recovery Karen Sloneker gridSMART®, Energy Efficiency (EE) Peak Demand Response (PDR) Plug-In Electric Vehicles (PEV)
AEP Ohio – Electric Security PlanGuide to Filing Documents - Continued Witness General Subject Areas Thomas Mitchell Regulatory accounting for certain riders including , but not limited to: Generation NERC Compliance Cost Recovery Rider (NERCR) and Facilities Closure Cost Recovery Rider (FCCR) Andrea Moore Rate design of: gridSMART® Rider, TCRR, FAC, AER, PIRR, EE/PDR, EDR, ESRR, EICCR, DIR,NERCR, FCCR, PEV, Provider of Last Resort (POLR) Rider, Storm Damage Recovery Mechanism David Roush Tariffs and Rate Design for certain riders such as the MTR, GPPR, RSR, Standard Offer Generation Service Rider (GSR) Laura Thomas Market Rate Offer (MRO) Test, POLR, FCCR, and NERCR
AEP Ohio – Electric Security PlanProcedural Schedule • March 8 Technical Conference • March 14 Intervention deadline • June 13 Intervenor testimony due • June 16 Discovery ends • June 27 PUCO Staff testimony due • July 6 Procedural conference • July 13 Hearing* *Note: Company has requested a continuance to July 20
AEP Ohio – Electric Security PlanConclusion • ESP, in Aggregate, Is More Favorable than Expected Results of MRO; • ESP Reflects AEP Ohio’s Vision of the Future; • Designed to Meet the Provisions of SB221;
AEP Ohio – Electric Security Plan Thank You For Your Interest In AEP Ohio’s Proposed 29 Month Electric Security Plan
