Workshop J FirstEnergy Pennsylvania - Met-Ed, Penelec, Penn Power, West Penn Power: Electric Rates & Tariffs 1:45 p.m. to 2:45 p.m.
Biographical Information Charles V. Fullem, Director – Rates & Regulatory Affairs/Pennsylvania FirstEnergy Service Co.,Box 16001, 2800 Pottsville Pike, Reading PA 19612-6001 610-921-6525 Fax: 610-921-6256 cvfullem@firstenergycorp.com Charles V. Fullem is Director- Rates & Regulatory Affairs/Pennsylvania, a position he was appointed to on January 22, 2006. In that capacity, he is responsible for developing the default service plans of Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company and West Penn Power Company, as well as all retail tariff filings and financial reports to the Pennsylvania Public Utility Commission (“PaPUC”) and the New York State Public Service Commission. He has over 35 years of experience in the energy industry, with a background in rates and regulation, marketing, unregulated retail pricing and regulated tariffs, contract development and negotiations of both wholesale and retail electric service contracts. From December 2000 through January 2006, he served in various positions, including Director of Energy Consulting Operations for The E Group, the energy consulting subsidiary of FirstEnergy Corporation (“FirstEnergy”). As Director, he managed technical staff teams and was responsible for delivering all aspects of The E Group’s client services for an over one-billion-dollar client energy spend, including energy management, bill and rate analysis, development of energy procurement strategies, preparation of requests for proposal, evaluation of bids, contract development and implementation, open market analysis, and negotiations with suppliers and utilities and utility bill payment. From November 1999 through December 2000, Mr. Fullem was Director, Pricing and Regulatory Affairs, in FirstEnergy’s rate department, where he was responsible for tariff administration and pricing programs serving over 2.2 million customers in Ohio and Pennsylvania. In this capacity, Mr. Fullem developed and implemented the unbundled tariffs designed to implement Customer Choice in Ohio, coordinated the development of FirstEnergy’s Supplier Tariff and Net Metering Rider, and participated in the Operational Support Plan (OSP) workgroups. The OSP workgroups were collaborative working groups charged with establishing the various rules and policies of retail choice in Ohio. From December 1994 through November 1999, Mr. Fullem served in various roles in FirstEnergy’s marketing department, including Director, Planning and Strategy, and Director of Centerior Energy’s Competitive Analysis Department, where he developed and implemented successful marketing programs targeted to commercial and industrial customers and mass market customers in both competitive generation markets and traditional areas of competition between fully integrated electric utility providers. From 1982 through December 1994, Mr. Fullem served in various roles in rates and regulation at Centerior Energy and Cleveland Electric Illuminating Company, including the roles of Director, Planning & Strategy, and Director of Rates & Contracts. In these roles, Mr. Fullem managed and performed cost of service studies, load research, customer requirements analyses, designed rates and tariffs, participated in the development of revenue requirements, and performed financial analyses. Mr. Fullem holds his Bachelor of Science degree in Mineral Economics from the Pennsylvania State University. Mr. Fullem is a Certified Energy Procurement Professional by the Association of Energy Engineers. He has provided expert testimony before the Public Utilities Commission of Ohio (“PUCO”), the PaPUC, The New York State Public Service Commission and the Federal Energy Regulatory Commission (“FERC”), as well as the Pennsylvania Senate Consumer Protection and Professional Licensure Committee and the Pennsylvania House Consumer Affairs Committee.
Chuck Fullem , Director, Rates and Regulatory Affairs Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Disclaimer Disclaimer The information contained in this presentation material is The information contained in this presentation material is intended to provide generally descriptive and summary intended to provide generally descriptive and summary information. Any conflict between the information contained information. Any conflict between the information contained in this material, or conveyed orally during the presentation, in this material, or conveyed orally during the presentation, and the information provided in any of the Companies’ public and the information provided in any of the Companies’ public filings, as part of Pa Public Utilities Commission Entries or filings, as part of Pa Public Utilities Commission Entries or Orders, or the Companies’ tariffs, or Pa Statutes and Rules, Orders, or the Companies’ tariffs, or Pa Statutes and Rules, is unintentional and the docketed material controls. The is unintentional and the docketed material controls. The information contained herein is subject to change during the information contained herein is subject to change during the regulatory process. regulatory process. 2 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Agenda ■ Electric Rate Background ■ Generation ■ Transmission ■ Distribution ■ Other Topics 3 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Rate Schedules Met-Ed and Penelec ■ The Companies generally have 5 Distribution rates available to Commercial and Industrial Customers * Rates Effective January 2017 . 4 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Rate Schedules West Penn and Penn Power 5 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Generation ■ Generation Service Provided as part of Price to Compare Default Service Rate Rider (Rider H & I) – Power for all Default Service customers is procured through a competitive bidding process by Class. – Rider H – changes quarterly – available to customers on GS Small, GS Medium. – Rider I – Hourly Priced Default Service Rider – Prices change Hourly available to customer on GS Large, GP and TP/LP customers - prices based on bid price, plus real-time Locational Marginal Price ("LMP"), plus a uncollectible charge and an administrative charge. ■ Beginning in June of 2019– Rider I will be the only DEFAULT SERVICE RATE FOR CUSTOMERS GREATER THAN OR EQUAL TO 100 KW 6 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Met-Ed, Penelec, Penn Power & West Penn June 2017-May 2019 DSP IV Auction Schedule COMMERCIAL Percent Months to 6/1/17 12/1/17 3/1/18 6/1/18 12/1/18 3/1/19 Auction Month Tranches to 9/1/17 to to to 9/1/18 to to Load Delivery 8/31/17 to 11/30/17 2/28/18 5/31/18 8/31/18 to 11/30/18 2/28/19 5/31/19 14.00% TBD 8 12-Months October 2016 14.00% TBD 8 24-Months 16.00% TBD 5 12-Months January 2017 16.00% TBD 5 24-Months 28.00% TBD 2 3-Months April 2017 6.00% TBD 2 12-Months 6.00% TBD 2 24-Months June 2017 28.00% TBD 3 3-Months 28.00% TBD 2 3-Months October 2017 12.00% TBD 8 12-Months 28.00% TBD 2 3-Months January 2018 12.00% TBD 5 12-Months 28.00% TBD 2 3-Months April 2018 12.00% TBD 2 12-Months June 2018 28.00% TBD 3 3-Months 28.00% TBD 2 3-Months October 2018 14.00% TBD 8 14.00% TBD 8 January 2019 28.00% TBD 2 3-Months * Final percentage may vary in total and by company based upon actual peak load contribution. Final schedule will be designed to be as close as possible to the presented values. 7 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Met-Ed, Penelec, Penn Power & West Penn June 2019 - May 2023 DSP V Auction Schedule * Final percentage may vary in total and by company based upon actual peak load contribution. Final schedule will be designed to be as close as possible to the presented values. 8 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Generation – Shopping Update * The MWh percentage is based on a MWh from December 21, 2017 through August 29, 2018. Source: Data provided to Pa Public Utilities Commission, Pa Power switch Web-Site 9 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
Generation – Shopping Update * The MWh percentage is based on a MWh from December 21, 2017 through August 23, 2018. Source: Data provided to Pa Public Utilities Commission, Pa Power switch Web-Site 10 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
What does a change to hourly default service mean to customers? ■ More customers will likely ■ Competitive procurement consider procuring will also entail knowledge of competitive supply in lieu of electricity markets and hourly priced default unique nature of supply service. contracts. ■ Such customers will likely ■ Hourly priced customers need to identify resources to need to watch the market assist them with and have a plan to reduce procurement methods and usage when market prices strategy. spike. – PA Power Switch (http://www.papowerswitch.com/) 11 Northern Ohio/Western Pennsylvania Energy Management Institute September 25, 2018
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