report for revised 2008 summer period cost of gas
TRANSCRIPT
Northern Utilities, Inc. New Hampshire Division
Report for Revised 2008 Summer Period Cost of Gas
Effective June 1,2008 DG 08-041
Cost of Gas Rate Change Effective June 1.2008
The May 2008 Cost of Gas ("COG") calculation, which reflects the NYMEX Gas Futures prices of May 21, 2008, indicates an anticipated under-recovery as of October 31, 2008, of $2,129,166 or 11.65% of the total anticipated gas costs for the 2008 Summer COG period. To eliminate the anticipated under-collection, Northern is increasing the Residential classes' COG to $1.3231 per therm, an increase of $0.1916 per therm, effective June 1, 2008. Commercial and industrial customers will experience a comparable increase to their rates. This rate change is reflected on Thirty-seventh Revised Page 38, Thirty-seventh Revised Page 39, Thirty-second Revised Page 94, Thirty-second Revised Page 95, and Thirty-second Revised Page 96.
NORTHERN UTILITIES, INC. NEW HAMPSHIRE DIVISION
Calculation of the Projected Over or Under Collection of the Summer 2008 Period Cost of Gas
DG 08-041 June 2008 (Estimated)
Under/(Over) collection as of 05/01/08 - forecasted (1) $ (95.342)
Forecasted firm them sales 05/1/08 - 10/31/08 14,184,780 Current recover rate per them $ 1.1315
Forecasted recovered costs at current rate 05/1/08 - 10/31/08 $ (16,050,079)
Revised projected direct gas costs 05/1/08 - 10/31/08 (2) $ 18,236,605 Revised projected indirect gas costs 05/1/08 - 10/31/08 (3) $37,982
Projected under/(over) collection as of 1013 1/08 (A) $ 2,129,166
Actual gas costs to date $
Revised projected gas costs 05/1/08- 10/31/08 $ 18,274,587
Estimated total adjusted gas costs 05/1/08 - 10/31/08 (B) $ 18,274,587
Under/(over) collection as percent of total gas costs (AIB) 1 1.65%
Projected under/(over) collection as of 1013 1/08 (A) $ 2,129,166
Estimated firm them sales 06/1/08 - 10/31/08 (C) 11,110,040
Change in rate required to eliminate forecasted under/(over) collection (NC) 3 0.1916
Current cost of gas rate $ 1.1315 Revised cost of gas rate - as calculated I % 1.323 1
(1) includes prior period adjustments
(2) Revised as follows:
-May 21 futures prices for June through October.
(3) includes: Working Capital Allowance, Bad Debt Allowance, Production and Storage Capacity, Miscellaneous Overhead, Refunds and Interest.
(4) The Company may adjust the approved cost of gas rate of $1.1 3 15 upward or downward on a monthly basis, but the cumulative adjustments shall not exceed twenty percent of the approved unit cost of gas. The adjusted cost of gas rate shall not be more than $1.3578 per them or less than $0.9052 per therm (Per Order No. 24,853 dated April 23,2008).
N.H.P.U.C No.10 NORTHERN UTILITIES, INC.
Thirtyseventh Revised Page 38 Superseding Thirty-sixth Revised Page 38
CALCULATION OF COST OF GAS ADJUSTMENT New Hampshire Division
Period Covered: May 1,2008 - October 31 2008 Anticipated Cost of Delivered and Produced Gas
I~roduct : - Commodity I Granite State Supply
Domestic Supply
Storage Withdrawals
Peaking Supply
Hedging (Gain)/Loss
Interruptible Included Above
I~roduct : - Demand I Granite State and Others
Delivered: I
' >
l ~ i ~ e l i n e Reservation. I
' Therms j <
Granite State and Others
Istorage & Peaking Demand .-I:. . . I Tennessee and Others
Capacity Release
TOTAL Anticipated Cost of Gas 14,184,780 $1.2856 f 18,236,605
Issued: May 23,2008 Issued by: Effective Date: June 1,2008 Title: President Authorized by NHPUC Order No. 24,853 In Docket No.DG 08041, dated April 23,2008
N.H.P.U.C No.10 NORTHERN UTILITIES, INC.
Thirty-seventh Revised Page 39 Superseding Thirty-sixth Page 39
Calculation of Anticipated Indirect Cost of Gas-New Hampshire Division
Working Capital Calculation Total Anticipated Direct Cost of Gas-Commodity Total Anticipated Direct Cost of Gas-Demand Interruptible Profits LESS Anticipated Direct Costs assigned to Non-Grandfathered Transportatic ($5,154,055) Total Direct Cost of Gas $1 3.082.550
Total Direct gas Costs Working Capital Percentage (NHPUC No. 10 Section 4.06.1) Working Capital Allowance (NHPUC No. 10 Section 4.06.1) Plus: Working Capital Reconciliation Total Working Capltal Allowance
Bad Debt Calculation Total Anticipated Direct Cost of Gas Plus: Total Working Capital Subtotal
Bad Debt Percentage (NHPUC No. 10 Section 4.06.1) Total Bad Debt Allowance Plus: Bad Debt Reconciliation Total Bad Debt Allowance
Working Capital Allowance Bad Debt Allowance Miscellaneous Overhead-23.157% Allocated to Summer Season Capacity Reserve (Forecasted Transportation Therms ' $0.0055) Production and Storage Capacity Prior Period Underl(0ver) Collection Refunds Interest Total Anticipated Indirect Cost of Gas Total Anticipated Direct Cost of Gas-Commodity Total Anticipated Direct Cost of Gas-Demand Total Anticipated Period Cost of Gas
Forecasted Off-Peak Period Therms-Firm Forecasted Non-Grandfathered Therms Forecasted Therms-Total Forecasted Transportation Therms
Forecasted Summer Season Cost of Gas Rate: COGS-Commodity COGS-Demand COGS-Indirect COGS-Total June 1 Rate Adjustment June 1 Billing Rate
C&l Residential Low Winter High Winter
Minimum $ 0.9052 $0.8914 $0.9458 Maximum $ 1 . 3 ~ 8 $ 1.3372 $1.4186
Issued: May 23,2008 Effective: Wflh Sewice Renked On and AHerJune 1,2008 Authorized by NHPUC Order No. 24,853 In Docket No.DG 08-041, dated April 23,2008
Issued by: Title: President
NHPUC No. 10 -Gas NORTHERN UTILITIES. INC.
Thirty-second Revised Page 94 Superseding Thirty-first Revised Page 94
NORTHERN UTILITIES - NEW HAMPSHIRE DIVISION SUMMER SEASON RESIDENTIAL RATES
Summer Season May 2008 -October 2008
Residential Heating Tariff Rate R 5: Monthly Customer Charge
First 50 therms All usage over 50 therms
LD AC Gas Cost Adjustment:
Cost of Gas
Tariff Rates
$9.50 $0.4102 $0.2990
$0.0194
$1.3231
$3.80 $ 1 .SO66 $ 1.4621
Residential Heating Low Income Tariff Rate R 10: Monthly Customer Charge
First 50 therms . . All usage over 50 therms
LD AC Gas Cost Adiustment:
Cost of Gas
Residential Non-Heating Tariff Rate R 6: Bimonthly Customer Charge
First 20 therms All usage over 20 therms
Monthly Customer Charge First 10 therms All usage over 10 therms
LDAC Gas Cost Adiustment:
Cost of Gas
Issued: May 23,2008 Issued by: Effective: With Sewice Rendered On and After June 1,2008 Title: President Authorized by NHPUC Order No. 24,853 In Docket No. DG 08-041. dated April 23.2008
Residential Non-Heating Low Income Tariff Rate R 11: Bimonthly Customer Charge
First 20 therms All usage over 20 therrns
Monthly Customer Charge First 10 therms All usage over 10 therms
LDAC Gas Cost Adiustment:
Cost of Gas
Total Delivery Rates
(Includes LDAC)
$ 9.50 $0.4296 $0.3184
$3.80 $0.1641 $0.1196
$0.0194
$1.3231
$19.00 $0.4067 $0.3082
$9.50 $0.4067 $0.3082
$0.0194
$1.3231
Total Billed Rates Tariff Rates, LDAC Plus Cost of Gas
$9.50 $1.7527 $1 541 5
$ 3.80 $0.1835 $0.1390
$1 3.80 $0.3084 $0.2335
$6.90 $0.3084 $0.2335
$0.0194
$1.3231
$19.00 $ 0.4261 $0.3276
$9.50 $ 0.4261 $0.3276
$ 19.00 $1.7492 $1.6507
$9.50 $1.7492 $1.6507
$13.80 $0.3278 $0.2529
$6.90 $0.3278 $0.2529
$13.80 $1.6509 $1.5760
$6.90 . $1.6509
$1.5760
NHPUC No. 10 -Gas NORTHERN UTILITIES, INC.
Thirty-second Revised Page 95 Superseding Thirty-first Revised Page 95
NORTHERN UTILITIES - NEW HAMPSHIRE DIVISION SUMMER SEASON C&I RATES
Summer Season May 2008 -October 2008
C&l Low AnnuallHigh Winter Tariff Rate G 40: Monthly Customer Charge
First 75 therms All usage over 75 therms
LDAC Gas Cost Adiustment:
Cost of Gas
C&l Low AnnuallLow Winter Tariff Rate G 50: Monthly Customer Charge
First 75 therms Ail usage over 75 therms
LDAC Gas Cost Adiustment:
Cost of Gas
Tariff Rates
$18.70 $0.3077 $0.2007
$0.0138
$1.3738
C&i Medium AnnualIHigh Winter Tariff Rate G 41: Monthly Customer Charge
All usage (Summer) LDAC Gas Cost Adiustment:
Cost of Gas
$18.70 $0.301 8 $0.1969
$0.0138
$1.3059
C&i Medium AnnuallLow W~nter Tariff Rate G 51: Monthly Customer Charge
First 1000 therms All usage over 1000 therms
LDAC Gas Cost Adiustment:
Cost of Gas
Total Delivery Rates
(Includes LDAC)
$18.70 $0.3215 $0.2145
C&l High AnnuallHigh Winter Tariff Rate G 42: Monthly Customer Charge
All usage (Summer) LDAC Gas Cost Adiustment:
Cost of Gas
Issued: May 23,2008 Issued by:
Effective: With Service Rendered On and After June 1,2008 Title: Authorized by NHPUC Order No. 24,853 in Docket No. DG 08-041, dated April 23,2008
Total Billed Rates Tariff Rates, LDAC Plus Cost of Gas
$18.70 $1.6953 $1.5883
$1 8.70 $0.3156 $ 0.2107
$60.30
$1 .SO00
$60.30
$0.1124 $0.0138
$1.3738
$60.30 $0.1112 $0.0780
$ 0.01 38
$1.3059
C&l High AnnuallLow Winter Tariff Rate G 52: Monthly Customer Charge
All usage (Summer) LDAC Gas Cost Adjustment:
Cost of Gas
President
$ 18.70 $1.621 5 $1.51 66
$60.30
$0.1262
$254.00
$0.0964 $ 0.0138
$1.3738
$60.30 $0.1250 $0.0918
$254.00
$0.0653 $0.0138
$1.3059
$60.30 $1.4309 $1.3977
$254.00
$0.1102
$254.00
$1 A840
$254.00
$0.0791
$254.00
$1.3850
NHPUC No. 10 - Gas NORTHERN UTILITIES, INC.
Thirty-second Revised Page 96 Superseding Thirty-first Revised Page 96
NORTHERN UTILITIES - NEW HAMPSHIRE DIVISION SUMMER SEASON DELIVERY RATES
Summer Season May 2008 - October 2008
C&l Low AnnuallHigh Winter Tariff Rate T 40: Monthly Customer Charge
First 75 therms All usage over 75 thems
(Capacity exempt Customers Only) Capacity Reserve Charge LDAC
Issued: May 23,2008 Issued by: Effective: With Service Rendered On and After June 1,2008 Title: President Authorized by NHPUC Order No. 24,853 in Dock& No. DG 08-041, dated April 23,2008
C&l Low AnnualILow Winter Tariff Rate T 50: Monthly Customer Charge
First 75 therms All usage over 75 therms
(Capacity exempt Customers Only) Capacity Reserve Charge LDAC
C&l Medium AnnualIHigh Winter Tariff Rate T 41: Monthly Customer Charge
All usage (Summer) (Capacity exempt Customers Only) Capacity Reserve Charge
LDAC C&I Medium AnnuallLow Winter Tariff Rate T 51:
Monthly Customer Charge First 1000 therms All usage over 1000 therms
(Capacity exempt Customers Only) Capacity Reserve Charge LDAC
C&l High AnnualIHigh Winter Tariff Rate T 42: Monthly Customer Charge
All usage (Summer) (Capacity exempt Customers Only) Capacity Reserve Charge
LDAC C&l High AnnuallLow Winter Tariff Rate T 52:
Monthly Customer Charge
All usage (Summer) (Capacity exempt Customers Only) Capacity Reserve Charge
LDAC C&l Interruptible Transportation Tariff Rate IT:
Monthly Customer Charge First 20.000 therms All usage over 20,000 therms
Tariff Rates
$18.70 $0.3077 $0.2007 $0.0055
$0.0138
Total Delivery Rates
(Includes LDAC)
$18.70 $0.3215 $0.2145
$18.70 $0.3018 $0.1969 $0.0055
$0.0138
$60.30
$0.1124 $0.0055
$0.0138
$60.30 $0.11 12 $0.0780 $0.0055
$0.0138
$254.00
$0.0964 $0.0055
$0.0138
$254.00
$0.0653 $0.0055
$0.0138
$170.21 $0.0407 $0.0347
$18.70 $0.3156 $0.2107
$60.30
$0.1262
$60.30 $0.1250 $0.0918
$254.00
$0.1102
ir
$254.00
$0.0791
$170.21 $0.0407 $0.0347
Northern UUlnleS - NEW HAMPSHIRE DIVISION
Summaw of Demand and Suoolv Forecast I 2 1. Gas Volurma 3 A. Flnn Demand Volumes (Therms) 4 Firm Gas Sales 5 Losl Gas (Unaomunled For) 6 Company Use 7 lnlermptible 8 Non-Grandfathered TranspM(aliin 9 Unbilled Therms 10 Total Firm Demand Volumes 11 12 8. Supply Volumes (Net Therms) 13 Plpellln Gas: 14 GSGT PNGTS Deliveries 15 GSGT TGP Niagra 16 GSGT TGP Niagra via Chicago I7 AGT FT Deliveries via Chicago 18 AGT FT Deliveries 19 TGP Gulf Coasl 20 Tennessee @ Draart 21 Hubline 22 Sublolal Pipeline Volumes 23 Slorage 24 TGP FS Slg 25 TETCO Slg (SS1. FSS) 26 MCN Slg 27 Olher 28 Other 29 Ocher 30 Olher 31 Sublolal Storage Volumes 32 Peaklng 33 Dornac 34 LNG (indudes boiloft) 35 Propane 36 Duke 37 Other 38 Other 39 Subtotal Peaking Volumes 40 41 Total Flrm SaleslSendoul Volumes 42 43 11. Gas Costs 44 A. Demand Costs 45 PlpellnelSupply Related Demand Costs 46 Gran~te 47 PNGTS 48 Algonquin 49 lrcqUOiS
50 Tennessee 51 Texas Eastern 52 Trans Canada 53 Transco 54 Vedor 55 Union 56 B 57 C 58 Omer 59 TCPL 60 Sublotal Pipeline Demand Coals 61 62 Storage 63 TGP FS Slg 64 TETCO Slg (SSI. FSS) 65 Granite Slg €6 Other 67 Other 68 Other 69 Sublolal Storage Demand Costs 70 71 Peaking 72 B 73 C 74 A 75 Other 76 Other 77 Sublolal Peaking Demand Costs 78 Capacity Release 79 OW System Credlls 80 81 Total Demand Costs 82 83 8. Supply Commodity Corls 84 NH Allocetlon Fadon 85 Pimline Purchases 86 GSGT PNGTS Deliveries 87 GSGT TGP Niagra
Northern UUlltiar -NEW HAMPSHIRE DMSION
Summarv of Parnand and Su~olv Forecast 8B GSGT TGP Niaga via Chicago 89 AGT FT Deliveriff via Chicaoo 90 AGT FT Deliveriff 91 TGP Gulf Coast 92 Tenmassee @ Dmmi 93 Hubline 94 Tolal Pipeline Purchase Sf 95
Storage Withdraw* TGP FS Sla TETCO SI~(SS~. FSS) MCN Stg Other Other
Total Slorage Withdrawal Sf
Peaking Domac LNG Propane Duke Other Olher
Tolal Peaking SS
lntermptible lnduded above
Hedging (Gain)Ross
Total Commodity Costs
Tolal Dlred Cwts
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NORTHERN UTILITIES DETERMINATION OF INVENTORY FINANCING FROM MONEY POOL
January XX)6 $24.086.979.18 February 118.828.997.42 March $18.840.802.10 April $16.520.492.98 May S20.108.871.55 June $23.085.518.85 July $25.882.456.38 Awusl S29.204.580.62 . . ~ei lember $32;431.230.38 30.817.905.50 October $34.408.830.82 33.420.03O.W November 132.210.878.49 33,309.854.66 December S28.048.151.70 30.129.515.10 January 2007 $22,795.293.76 25.422.222.73 Februaw 516.695.984.32 19.746.139.04 M a M April May June July August Seplember October November December January February March April
$1 1.390.179.94 $13.456.800.22 $15.879.186.84 S18.287.500.27 $20.543.318.48 $22,513.231.65 S24.314.936.95 S26.146.W.97 521.584.648.61 114.756.722.42 $8.436.498.94 13.215.255.77
5301.655.73 $5.583.935.58
PROPANE l n m l w y - Llqvid P-ne l m a l w y - LLqud P-ns LNG InVUllW. LW6Cd NPWRI Gas NATURAL GAS
5151146115 NabnalGas Un6mgnnnd- SSl sndFSSl 515116 N W G a l U n ~ m u n d - SSNE 515113 N a t d Gas Underpround - MCN 518525 Warhinglan 10 pspaid
Money Pool Financed by Ava Flnanced lnlernalty lnlemsl lfneresl lo ~ V O f bywh FlnaMed Rale Defer NH ME