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01/09/2018
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01/09/2018
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Last modified
1/11/2021 12:11:23 PM
Creation date
1/29/2018 11:05:32 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
01/09/2018
Meeting Body
Board of County Commissioners
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DOCKET NO. 20170179 -GU <br />the Commission's prior decision on the Company's SAFE program. When the additional <br />revenue requirement of $3.5 million associated with SAFE installments is included, as <br />contemplated by Commission order and as further discussed herein, this results in a total revenue <br />increase request of $19.3 million. It should, however, be noted that moving the SAFE <br />investments into rate base is ultimately bill neutral for FCG's customers, as well as revenue <br />neutral to the Company, because FCG is also proposing to make a corresponding adjustment to <br />reduce the current SAFE surcharge. <br />III. Interim Request <br />FCG is also asking for an interim increase in its retail rates and charges in an amount <br />necessary to generate additional revenues in the amount of $4,893,061. This proposed interim <br />increase would be effective during the interim period while the case is processed and before <br />permanent rates and charges go into effect in accordance with the Commission's final <br />determinations in this proceeding. The requested amount is based upon actual data derived from <br />the preceding or "historic" test year with an ending date of December 31, 2016. For that period, <br />the Company's annual revenue deficiency is $4,893,061 based upon a historic test year rate base <br />of $209,312,678. The Commission will consider the Company's request for interim rate relief at <br />its December 12, 2017, Agenda Conference. If the request is granted, any interim increase will <br />be placed into effect subject to refund, with interest, if at the conclusion of this proceeding, the <br />Commission determines that some or all of the increase was not justified. <br />IV. Reasons for Request - Key Factors <br />As further set forth in the testimony and exhibits of FCG's witnesses, there are three key <br />drivers for FCG's request in this proceeding: (1) capital investments to enhance the safety and <br />reliability of FCG's distribution system; (2) capacity challenges, which have prompted FCG to <br />develop a liquefied natural gas ("LNG") strategy; and (3) the challenges associated with an aging <br />workforce and the costs associated with proactively addressing the pending skills and knowledge <br />gap. Significant investments have been made by FCG to its system in response to federal <br />regulatory changes regarding safety of natural gas facilities. FCG has also made investments to <br />improve the reliability of its system and to enhance the ability of its employees to access <br />facilities for maintenance and repairs, as well as to extend facilities to provide natural gas service <br />31Page �� `"f- <br />
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