Rocky Mountain Power Exhibit RMP___(RTL-5) Docket No. 20000-___-EA-17 Witness: Rick T. Link BEFORE THE WYOMING PUBLIC SERVICE COMMISSION ROCKY MOUNTAIN POWER ____________________________________________ Exhibit Accompanying Direct Testimony of Rick T. Link Estimated Annual Revenue Requirement Results ($ million) June 2017 Rocky Mountain Power Exhibit RMP___(RTL-5) Page 1 of 2 Docket No. 20000-___-EA-17 Witness: Rick T. Link Estimated Annual Revenue Requirement Results ($ million) Low Natural Gas, Zero CO2 Price-Policy Scenario (Benefit)/Cost PVRR(d) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Project Net Costs Transmission Project Capital Recovery $681 $0 $0 $0 $12 $90 $87 $84 $81 $78 $76 $73 $71 $69 $66 $64 $61 $59 $57 $54 $53 $52 $51 $50 $49 $48 $47 $46 $45 $44 $44 $43 $42 $41 $40 Incremental Transmission Revenue ($82) $0 $0 $0 ($1) ($11) ($10) ($10) ($10) ($9) ($9) ($9) ($9) ($8) ($8) ($8) ($7) ($7) ($7) ($7) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($5) ($5) ($5) ($5) ($5) ($5) ($5) New Wind PPA $318 $0 $0 $0 $0 $0 $24 $25 $26 $28 $29 $30 $44 $45 $44 $49 $50 $49 $47 $47 $52 $57 $58 $60 $61 $62 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Wind Capital Recovery $1,360 $0 $0 $0 $29 $179 $164 $152 $143 $135 $132 $130 $128 $127 $126 $125 $123 $122 $121 $120 $119 $118 $117 $116 $115 $115 $115 $115 $115 $116 $118 $121 $127 $142 $91 New Wind O&M $263 $0 $0 $0 $3 $19 $20 $20 $22 $22 $23 $23 $24 $24 $25 $26 $26 $27 $28 $28 $29 $30 $30 $31 $32 $33 $34 $35 $35 $36 $37 $38 $39 $40 $34 New Wind PTCs ($795) $0 $0 $0 ($29) ($131) ($131) ($136) ($142) ($141) ($146) ($146) ($152) ($151) ($121) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0$0 Net Project Cost $1,745 $0 $0 $0 $14 $146 $152 $134 $120 $114 $104 $101 $106 $106 $132 $256 $254 $250 $245 $243 $246 $250 $250 $251 $252 $253 $190 $190 $190 $191 $193 $197 $203 $218 $160 System Impacts NPC ($426) $0 $0 $1 ($15) ($54) ($55) ($54) ($50) ($53) ($50) ($51) ($44) ($44) ($22) ($18) ($19) ($38) ($36) ($32) ($31) ($36) ($37) ($38) ($39) ($38) ($30) ($31) ($31) ($32) ($33) ($32) ($34) ($35) ($27) Emissions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Variable Costs ($142) $0 ($0) ($1) ($3) ($5) ($8) ($9) ($11) ($11) ($12) ($12) ($14) ($12) ($21) ($23) ($22) ($13) ($16) ($14) ($15) ($19) ($19) ($20) ($20) ($20) ($16) ($16) ($16) ($17) ($17) ($17) ($18) ($18) ($14) System Fixed Costs ($1,002) $0 $0 $0 ($0) ($31) ($56) ($58) ($63) ($65) ($66) ($69) ($85) ($87) ($130) ($114) ($147) ($157) ($165) ($141) ($151) ($143) ($146) ($151) ($153) ($151) ($120) ($122) ($124) ($128) ($131) ($127) ($137) ($139) ($107) Net System Impacts ($1,571) $0 ($0) ($1) ($19) ($91) ($118) ($121) ($123) ($129) ($128) ($132) ($142) ($143) ($173) ($155) ($189) ($207) ($217) ($187) ($197) ($198) ($202) ($208) ($212) ($208) ($166) ($169) ($172) ($178) ($180) ($175) ($189) ($192) ($147) Net (Benefit)/Cost $174 $0 ($0) ($1) ($4) $55 $34 $13 ($3) ($15) ($25) ($30) ($36) ($37) ($41) $101 $65 $43 $28 $56 $49 $52 $48 $43 $39 $44 $24 $21 $18 $13 $13 $21 $14 $26 $12 Low Natural Gas, Medium CO2 Price-Policy Scenario (Benefit)/Cost PVRR(d) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Project Net Costs Transmission Project Capital Recovery $681 $0 $0 $0 $12 $90 $87 $84 $81 $78 $76 $73 $71 $69 $66 $64 $61 $59 $57 $54 $53 $52 $51 $50 $49 $48 $47 $46 $45 $44 $44 $43 $42 $41 $40 Incremental Transmission Revenue ($82) $0 $0 $0 ($1) ($11) ($10) ($10) ($10) ($9) ($9) ($9) ($9) ($8) ($8) ($8) ($7) ($7) ($7) ($7) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($5) ($5) ($5) ($5) ($5) ($5) ($5) New Wind PPA $318 $0 $0 $0 $0 $0 $24 $25 $26 $28 $29 $30 $44 $45 $44 $49 $50 $49 $47 $47 $52 $57 $58 $60 $61 $62 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Wind Capital Recovery $1,360 $0 $0 $0 $29 $179 $164 $152 $143 $135 $132 $130 $128 $127 $126 $125 $123 $122 $121 $120 $119 $118 $117 $116 $115 $115 $115 $115 $115 $116 $118 $121 $127 $142 $91 New Wind O&M $263 $0 $0 $0 $3 $19 $20 $20 $22 $22 $23 $23 $24 $24 $25 $26 $26 $27 $28 $28 $29 $30 $30 $31 $32 $33 $34 $35 $35 $36 $37 $38 $39 $40 $34 New Wind PTCs ($795) $0 $0 $0 ($29) ($131) ($131) ($136) ($142) ($141) ($146) ($146) ($152) ($151) ($121) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0$0 Net Project Cost $1,745 $0 $0 $0 $14 $146 $152 $134 $120 $114 $104 $101 $106 $106 $132 $256 $254 $250 $245 $243 $246 $250 $250 $251 $252 $253 $190 $190 $190 $191 $193 $197 $203 $218 $160 System Impacts NPC ($766) $0 $0 $0 ($17) ($57) ($58) ($57) ($53) ($60) ($57) ($58) ($51) ($54) ($66) ($64) ($67) ($103) ($112) ($156) ($144) ($96) ($98) ($101) ($103) ($101) ($81) ($82) ($84) ($86) ($88) ($85) ($92) ($94) ($72) Emissions ($65) $0 $0 $0 $0 $0 $0 $0 $0 ($5) ($6) ($7) ($10) ($11) ($2) ($2) ($4) ($9) ($11) ($19) ($22) ($10) ($11) ($11) ($11) ($11) ($9) ($9) ($9) ($9) ($10) ($9) ($10) ($10) ($8) Other Variable Costs ($67) $0 ($0) ($0) ($1) ($2) ($3) ($3) ($4) ($3) ($4) ($6) ($6) ($6) ($11) ($13) ($13) ($5) ($5) ($8) ($11) ($10) ($10) ($10) ($10) ($10) ($8) ($8) ($8) ($9) ($9) ($9) ($9) ($9) ($7) System Fixed Costs ($754) $0 $0 $0 ($0) ($31) ($55) ($58) ($63) ($65) ($66) ($69) ($85) ($86) ($95) ($87) ($113) ($88) ($87) ($58) ($57) ($96) ($98) ($101) ($103) ($101) ($81) ($82) ($84) ($86) ($88) ($85) ($92) ($94) ($72) Net System Impacts ($1,652) $0 ($0) ($0) ($18) ($90) ($116) ($119) ($119) ($134) ($134) ($139) ($152) ($157) ($175) ($166) ($196) ($205) ($214) ($241) ($233) ($213) ($217) ($224) ($228) ($224) ($178) ($181) ($185) ($191) ($194) ($188) ($203) ($207) ($158) Net (Benefit)/Cost $93 $0 ($0) ($0) ($3) $56 $36 $15 $1 ($20) ($30) ($38) ($46) ($51) ($43) $90 $58 $46 $31 $2 $13 $37 $33 $27 $24 $29 $12 $9 $5 $0 ($1) $8 ($0) $11 $1 Low Natural Gas, High CO2 Price-Policy Scenario (Benefit)/Cost PVRR(d) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Project Net Costs Transmission Project Capital Recovery $681 $0 $0 $0 $12 $90 $87 $84 $81 $78 $76 $73 $71 $69 $66 $64 $61 $59 $57 $54 $53 $52 $51 $50 $49 $48 $47 $46 $45 $44 $44 $43 $42 $41 $40 Incremental Transmission Revenue ($82) $0 $0 $0 ($1) ($11) ($10) ($10) ($10) ($9) ($9) ($9) ($9) ($8) ($8) ($8) ($7) ($7) ($7) ($7) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($5) ($5) ($5) ($5) ($5) ($5) ($5) New Wind PPA $318 $0 $0 $0 $0 $0 $24 $25 $26 $28 $29 $30 $44 $45 $44 $49 $50 $49 $47 $47 $52 $57 $58 $60 $61 $62 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Wind Capital Recovery $1,360 $0 $0 $0 $29 $179 $164 $152 $143 $135 $132 $130 $128 $127 $126 $125 $123 $122 $121 $120 $119 $118 $117 $116 $115 $115 $115 $115 $115 $116 $118 $121 $127 $142 $91 New Wind O&M $263 $0 $0 $0 $3 $19 $20 $20 $22 $22 $23 $23 $24 $24 $25 $26 $26 $27 $28 $28 $29 $30 $30 $31 $32 $33 $34 $35 $35 $36 $37 $38 $39 $40 $34 New Wind PTCs ($795) $0 $0 $0 ($29) ($131) ($131) ($136) ($142) ($141) ($146) ($146) ($152) ($151) ($121) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0$0 Net Project Cost $1,745 $0 $0 $0 $14 $146 $152 $134 $120 $114 $104 $101 $106 $106 $132 $256 $254 $250 $245 $243 $246 $250 $250 $251 $252 $253 $190 $190 $190 $191 $193 $197 $203 $218 $160 System Impacts NPC ($600) $0 $0 $0 ($17) ($57) ($58) ($58) ($54) ($61) ($60) ($58) ($44) ($39) ($51) ($62) ($83) ($23) ($43) ($85) ($102) ($64) ($66) ($68) ($69) ($68) ($54) ($55) ($56) ($58) ($59) ($57) ($61) ($63) ($48) Emissions ($331) $0 $0 $0 $0 $0 $0 $0 $0 ($8) ($18) ($31) ($42) ($49) ($50) ($61) ($71) ($31) ($44) ($38) ($71) ($57) ($58) ($60) ($61) ($60) ($48) ($48) ($49) ($51) ($52) ($50) ($54) ($55) ($42) Other Variable Costs ($43) $0 $0 $0 ($0) ($1) ($2) ($2) ($3) ($2) ($2) ($3) ($3) ($3) ($5) ($6) ($5) ($3) ($9) ($11) ($10) ($6) ($7) ($7) ($7) ($7) ($5) ($5) ($6) ($6) ($6) ($6) ($6) ($6) ($5) System Fixed Costs ($964) $0 $0 $0 ($0) ($31) ($55) ($58) ($62) ($65) ($66) ($68) ($100) ($103) ($123) ($97) ($85) ($185) ($159) ($176) ($75) ($136) ($139) ($143) ($146) ($143) ($114) ($116) ($118) ($122) ($124) ($121) ($130) ($132) ($101) Net System Impacts ($1,939) $0 $0 $0 ($17) ($89) ($116) ($118) ($119) ($136) ($146) ($160) ($189) ($194) ($229) ($225) ($245) ($242) ($253) ($310) ($258) ($264) ($270) ($278) ($283) ($278) ($221) ($225) ($229) ($237) ($241) ($234) ($252) ($256) ($196) Net (Benefit)/Cost ($194) $0 $0 $0 ($3) $57 $37 $16 $1 ($22) ($42) ($59) ($82) ($88) ($97) $30 $9 $8 ($9) ($67) ($12) ($14) ($19) ($27) ($31) ($25) ($31) ($35) ($39) ($46) ($47) ($37) ($49) ($38) ($37) OFPC Natural Gas, Zero CO2 Price-Policy Scenario (Benefit)/Cost PVRR(d) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Project Net Costs Transmission Project Capital Recovery $681 $0 $0 $0 $12 $90 $87 $84 $81 $78 $76 $73 $71 $69 $66 $64 $61 $59 $57 $54 $53 $52 $51 $50 $49 $48 $47 $46 $45 $44 $44 $43 $42 $41 $40 Incremental Transmission Revenue ($82) $0 $0 $0 ($1) ($11) ($10) ($10) ($10) ($9) ($9) ($9) ($9) ($8) ($8) ($8) ($7) ($7) ($7) ($7) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($6) ($5) ($5) ($5) ($5) ($5) ($5) ($5) New Wind PPA $318 $0 $0 $0 $0 $0 $24 $25 $26 $28 $29 $30 $44 $45 $44 $49 $50 $49 $47 $47 $52 $57 $58 $60 $61 $62 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Wind Capital Recovery $1,360 $0 $0 $0 $29 $179 $164 $152 $143 $135 $132 $130 $128 $127