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City of Banning Electric Utility

SCAF Calculation
4th Quarter (October - December) 2016 Results
Applied to 2nd Quarter (April - June) of 2017

Net Electric Electric


Wholesale Transmission Electric Utility Metered Retail Transmission - Other Net Electric Utility
(1) (1) (2)
Month (Expense) (Expense) (Expense) Revenue (3) CRR Revenue (3) Revenue (3)
Income/(Loss)
(4)

October ($1,061,862) ($262,007) ($1,014,950) $2,160,247 $109,706 $36,752 ($32,114)


November ($1,207,872) ($255,564) ($993,340) $1,952,042 $203,210 $35,816 ($265,707)
December ($1,113,542) ($262,690) ($927,328) $1,832,659 $125,589 $40,406 ($304,905)
Totals: ($3,383,275) ($780,261) ($2,935,618) $5,944,948 $438,505 $112,975 ($602,726)
Total Quarterly Income / (Loss) ($602,726)
Divided by Projected Retail Sales (April - June) 29,678,713
Equals Current SCAF ($0.0203)
Plus Carryover Balance from Prior Quarter $0
(4)
Equals Total Calculated SCAF ($0.0203) Loss will be absorbed - no SCAF

APPLIED SCAF: $0.0000 per kWh, 2nd Quarter 2017


Note1: The Net Electric Wholesale Expense data is derived from actual generation costs, wholesale purchases and sales transacted during each given month. The
transmission expense is derived from the actual transmission costs incurred each given month.
Note2: Electric Utility Expense is obtained from the Detail Budget Report "Current Actual" column for each given month. Capacity, Energy-Local and Transmission
expenses are subtracted from the monthly total, since they are accounted for separately. Bond Debt Service expense is applied throughout the year. The State of California
Cap & Trade Allowance Expense is applied evenly throughout the year.
Note3: Electric Metered Retail Revenue and Other Revenue consist of data obtained from the Revenue Report "Current Actual" column for each month. Other Revenue
includes In-Aid of Construction, Investment Interest, Miscellaneous Customer Fees, etc. Transmission-CRR Revenue amounts are obtained from the CAISO invoice and
include revenue from CAISO Congestion Revenue Rights (CRR).
Note4: Excess energy expenses during this quarter were anticipated as a potential outcome of mitigating the impacts of the San Juan generating facility shutdown. These
expenses are primarily attributed to the cost of replacement energy for San Juan that was procured in advance as a hedge to mitigate any unforeseen closures or outages of
the unit. Therefore, these losses will be absorbed by the Utility, and no SCAF will be applied. These expenses may continue up to the December 31, 2017 decommissioning
date of San Juan.

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