Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by...
Transcript of Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by...
![Page 1: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/1.jpg)
Presentation to
Joint Municipal Power Agency
Relief Committee
P R E S E N T E D B Y
Mark Williams,
Town Manager January 10, 2012
1
![Page 2: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/2.jpg)
Presentation Overview
• A Century of Service
• Setting Rates
• How We Compete
• Neighbors Serving
Neighbors
2
![Page 3: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/3.jpg)
A Century of Service
• Introduction to Wake Forest
• History of Town & Gown
• 2009 Centennial
• Recent Achievements
• AAA Bond Rating
• RP3 Platinum Award
• LEED Platinum Town Hall
3
![Page 4: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/4.jpg)
Electric Service Area
• Approximately 5 square miles
• 6,100 residential customers
• 300 commercial customers
• 0 industrial customers
• 54% of Town’s residents served
by Wake Electric or
Progress Energy
4
![Page 5: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/5.jpg)
Cost Breakdown
16%
77%
2%
5%
Town of Wake Forest June 30, 2011
Operating Costs
Purchase of power
Debt Service
Capital Outlay
5
![Page 6: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/6.jpg)
Setting Rates
• Rates set by Board of
Commissioners
• 2 rate increases since 1992
• No transfers since 2006
• Rate Comparison – 1000 kWh
• Progress Energy $106.00
• Wake Electric (Co-op) $124.25
• Wake Forest Power $130.69
6
![Page 7: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/7.jpg)
How We Compete
• Demand Side Management
• 44% residential participation
• 16 commercial customers
• Energy Audits
• System Betterment
• AMI
7
![Page 8: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/8.jpg)
8
![Page 9: Presentation to Joint Municipal Power Agency Relief Committee · Setting Rates •Rates set by Board of Commissioners •2 rate increases since 1992 •No transfers since 2006 •Rate](https://reader033.fdocuments.us/reader033/viewer/2022050609/5fb06a28c4500e6f33095abd/html5/thumbnails/9.jpg)
Neighbors Serving Neighbors
9