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Federal Energy Regulatory Commission Approves Revisions to Production Formula Rate Template

Strategic Insights

— 1 min read

The Federal Energy Regulatory Commission (FERC) has issued a delegated order, effective January 1, 2021, approving revisions to the Production Formula Rate Template included in Public Service Company of Colorado's Assured Power and Energy Requirements Tariff. The revisions aim to update revenue credits for ancillary services received by PSCo transmission customers who also take service under the Power Tariff. The changes were requested by Public Service Company of Colorado and were noticed on October 30, 2020, with protests or interventions due on or before November 20, 2020. No protests or adverse comments were filed.

Key Takeaways:

  • The revisions to the Production Formula Rate Template are effective January 1, 2021.
  • The changes aim to update revenue credits for ancillary services received by PSCo transmission customers who also take service under the Power Tariff.
  • The revisions were requested by Public Service Company of Colorado and were noticed on October 30, 2020.
  • No protests or adverse comments were filed in response to the revisions.
  • The order was issued by Steven T. Wellner, Director, Division of Electric Power Regulation - West.
  • The action does not constitute approval of any service, rate, charge, classification, or any rule, regulation, contract, or practice affecting such rate or service provided for in the filed documents.
  • The order is taken pursuant to authority delegated to the Director, Division of Electric Power Regulation - West, under 18 C.F.R. § 375.307.

Statistics:

  • The revisions to the Production Formula Rate Template were requested by Public Service Company of Colorado on October 30, 2020.
  • The changes were noticed on October 30, 2020, with protests or interventions due on or before November 20, 2020.
  • No protests or adverse comments were filed in response to the revisions.
  • The revisions are effective January 1, 2021.
  • The order was issued by Steven T. Wellner, Director, Division of Electric Power Regulation - West, on December 30, 2020.

Sources:

  • Delegated Order FEDERAL ENERGY REGULATORY COMMISSION WASHINGTON, DC 20426 OFFICE OF ENERGY MARKET REGULATION Public Service Company of Colorado Docket No. ER21-279-000 Issued: December 30, 2020
  • Office of Energy Market Regulation, Public Service Company of Colorado, FERC FPA Electric Tariff, Production Tariffs, WP_I-2 Estimated, Ancillary Credit Est., Ancillary Credit Est., 0.6.0 and WP_I-2 Actual, Ancillary Credit Act., Ancillary Credit Act., 0.5.1.

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