The District filed Tariff Form No. The District also filed affidavits on December 1, , indicating that proper notice was provided by publication in the Bluefield Daily Telegraph on November 2 1 and 28, 20 On September 20, , the Bluewell Public Service District District filed an application to increase water rates and charges. The District serves 2, customers in Mercer County. The District is seeking a rate increase due to needed fbnding for its working capital reserve required by W. The District is seeking a 2 step rate increase with Step 1 rates being in effect for a 24 month period.
Staff noted the District's filings contained several deficiencies in Statement D of Rule Statement D, Schedule 1 should show a comparison of present rates to proposed rates. The District's Statement D Schedule 1 does not provide this information for proposed increases at Step 2 rates. The District's filing fails to include a signed proposed tariff.
Staff recommends the Commission direct the District to file a revised Rule 42 Exhibit eliminating the deficiencies, along with a proposed tariff. Staff reminded the District of the notice requirements found in Tariff Rule 8, which are very comprehensive and include mailing notice to customers, posting notice, and publishing notice as a Class I1 legal advertisement. Generally, utilities filing Rule 42 cases are required to provide this notice early on in the case.
The District's Revised Rule 42 filing contains several deficiencies. Staff believes the District's bill analysis does not contain the actual billing determinants billed to the customers applicable to the rates that were in effect during the test year. The District had 3 different tariff rates in effect during the test year that ended on June 30, Staff noted a proper bill analysis is essential to determine the levels of rates that should be approved for the utility in a rate case, as Staff opined the District has created its bill analysis in its exhibit and this information should not be used for the establishment of rates.
Staff recommended this matter be dismissed. In the alternative, the District could file a corrected bill analysis, but the Staff decision due date would need to be extended 30 days. The resulting debt service coverage is Technical Staff recommends the Commission issue an Order adopting the Staff recommended rates found in Exhibits 6 and 7. The rates in Exhibit 4, the Staff Recommended Rates-Step 1 are effective for 24 months and Staff Recommended Rates-Step 2 will become effective 24 months after the Step 1 rates go into effect.
Further Final Recommendation of the Commission's Legal Division Staff Legal Staff has reviewed the filings, including the District's application and the revenue requirements and recommendations, along with a Rule 42 Exhibit and recommended rates of Technical Staff. Legal Staff agrees with the findings and recommendations of Technical Staff. The annual increase reflected in Step 1 rates will generate revenue sufficient to cover the District's operating cash requirements, meet debt service reserve, and provide a surplus.
The Step 2 rates will then continue to generate a surplus for the District after the Step 1 rates. The Commission issued a procedural order dated December 29, , directing the District to publish the rates in a newspaper of general circulation and return copies of the publication to the Commission. The District also filed affidavits on December 1, , indicating that proper notice was provided by publication in the Bluefield Daily Telegraph on November 2 1 and 28,20 This results in debt service coverage of This additional amount provides funds for Senate Bill Senate Bill requires the District to maintain a working cash reserve equal to one-eighth of annual operation and maintenance expenses.
In Case No. Based on Commission cushion requirements per the intent of General Order No. This results in debt service coverage of 1 Exhibit 2 is a bill analysis showing sales revenue generated under Staff Recommended Rates at Step 1 and Step 2. Exhibit 3, Sheet 2 of 2 provides a comparison of bill amounts at various usage levels under current rates, the District's proposed rates, and the Staff Recommended Rates at Step 1 and Step 2.
The Utilities Division has also calculated the leak adjustment rate. Gallons IO. Gallons Gallons All Over I 33, 98, I7 Oh On all accounts not paid in full when due, ten percent will be added to the net current amount unpaid. This delayed payment penalty is not interest and is to be collected only once for each bill where it is appropriate.
This pre-construction tap fee will be invalid after the completion of construction adjacent to an applicant's premises that is associated with a certificate proceeding. This rate shall be applied to all such consumption above the customer's historical average usage. The purpose of this examination was to evaluate revenue, expense and debt accounts in order to determine going level and proforma and to prepare revenue requirements.
Except to the extent necessary to develop rates, the scope of the examination performed did not include confirmation of current asset or liability balances. Due to these limitations and the scope of the examination, this report should not be confused with, nor substituted for an audit performed by independent auditors.
On September 20, 20 17, the District filed an application proposing an increase in its water service rates and charges without a proposed effective date. The District's filing includes a proposed two-step water rate change. The District's current rates and charges were approved in Case No.
The District also operates a public sewer utility. Staff has made accounting and going level adjustments to account for known and measurable changes. Information supporting these adjustments can be found on Statement G of the attached report.
Staffs calculation of Salaries and Wages is based on test year hours at the current wage rates for each employee. Upon abandonment of the District's water plant, water plant employees, reflecting 6, Front Matter Pages i-xv. Pages Financial Intermediation. Interest Rates.
The UK Banking Sector. Building Societies. Non-Bank Financial Intermediaries. The Bank of England. Sterling Money Markets.
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