Sin título de diapositiva

Sin título de diapositiva

Retail Access Resetting Technical Conference April 18, 2016 NYSEG/RG&E Electric Merchant Function Charge www.avangrid.com 1 NYSEG/RG&E Merchant Function Charge Development of Merchant Function Charge Information presented is done so to inform parties in the spirit of collaboration in the Retail Access Resetting proceeding

NYSEG/RG&Es Merchant Function Charge is calculated in accordance with NYSEGs and RG&Es rate settlements, which are reviewed and approved by the NY Public Service Commission and the DPS Staff. This presentation does not constitute any offer to reopen or reevaluate the methodologies shown. www.avangrid.com April 18, 2016 2 NYSEG/RG&E Merchant Function Charge Merchant Function Charge History Unbundling Track in Case 00-M-0504

All costs were Functionalized and Allocated in accordance with the Policy Statements and Orders in that case (e.g. 8/25/2004). www.avangrid.com April 18, 2016 3 NYSEGs April 2016 Electric Merchant Function Charge www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 4

NYSEG/RG&E Merchant Function Charge Monthly Electric Supply Cost & Uncollectible Factor Monthly Electric Supply Cost: Weighted average of monthly supply price Separate rates for demand billed and non-demand billed customers Lagged 3 months to adjust for ISO settlement This number is updated monthly Uncollectible Factor Reset annually using recent 12 months of data

Calculated as total electric uncollectibles divided by total electric retail revenues. Uncollectible Charge = (Monthly Electric Supply Cost) x Uncollectible Factor This component is not reconcilable. www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 5 NYSEG/RG&E Merchant Function Charge Working Capital Purchased Power Reset annually based on recent 12 months of actual expenses (FERC 555 Costs) 6 day lag on payments factored in

The working capital is multiplied by a pre-tax rate of return to arrive at cash working capital (CWC) on purchase power The return on CWC is divided by forecasted usage to arrive at the working capital on purchase power component of the MFC. Reconciled to actual expenses www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 6 NYSEG/RG&E Merchant Function Charge Working Capital Commodity Hedges Reset annually based on recent 12 months of actual

expenses Twelve month Average of Hedge Margin Balance is multiplied by a pre-tax rate of return The resultant dollar value is divided by the forecasted usage for non-demand customers to arrive at the Working Capital component for Commodity Hedges. Reconciled to actual expenses. www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 7 NYSEG/RG&E Merchant Function Charge Credit & Collections and Call Center Costs (CCCC)

Using functionalized data from the embedded cost of service study, filed in last rate case, this charge includes: An allocation of Call Center costs An allocation of Credit & Collections costs Sum of functionalized costs is divided by forecasted usage to arrive at CCCC component of MFC Reconciled to fixed amount from Rate case ECOS study. www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 8 NYSEG/RG&E Merchant Function Charge

Administrative Charge Using functionalized data from the embedded cost of service study, filed in last rate case, this charge includes an allocation of : Electric Supply Department O&M Administrative & General costs (FERC 920-935) Misc. Customer Service Expenses (FERC 907-916) Depreciation expenses

Taxes other than Income Income Taxes General & Misc. Plant Other rate base Sum of functionalized costs is divided by forecasted usage to arrive at the Administrative component of MFC Reconciled to fixed amount from Rate case ECOS study. www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 9 NYSEG/RG&E Merchant Function Charge

Prior Period Reconciliation MFC is reconciled annually for over and under collections. www.avangrid.com NYSEG/RG&E Electric Merchant Function Charge 10 NYSEG/RG&E Bill Delivery Charges:

Basic Service Charge Delivery Charge Transition Charge Revenue Decoupling Mechanism Reliability Support Services Charge NY State Assessment SBC/RPC Charge Billing Services Charge www.avangrid.com

Supply Charges: Supply Charge Merchant Function Billing Services Charge (BIPP) NYSEG/RG&E Electric Merchant Function Charge 11 NYSEG Electric Utility Supply Bill Customer A www.avangrid.com 12 NYSEG Electric Utility Delivery Bill Retail Access Customer Customer B

www.avangrid.com 13 NYSEG ESCO Supply Portion of Utility Consolidated Bill Customer B www.avangrid.com 14

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