07-048
CITY OF SHOREWOOD
RESOLUTION NO. 07 - 048
A RESOLUTION AUTHORIZING A MONTHLY SURCHARGE
TO XCEL ENERGY RA TEP AYERS IN SHOREWOOD
FOR THE PLACEMENT OF ITS FACILITIES UNDERGROUND
FOR THE COUNTY ROAD 19/5MITHTOWN ROAD/COUNTRY CLUB ROAD
INTERSECTION IMPROVEMENT PROJECT
WHEREAS, the facilities of Xcel Energy were placed underground as part of the County
Road 19/ Smithtown Road/Country Club Road intersection improvement project during 2005-2006;
and
WHEREAS, the difference in the cost between placing utilities underground and replacing
them overhead is not borne by Xcel Energy, but a determination by the City Council as to the source
of revenue to pay this difference in cost; and
WHEREAS, the City Council may authorize that this cost be paid by a surcharge by Xcel
Energy on all of its ratepayers within the City; and
WHEREAS, the City Council has reviewed the proposed terms of the surcharge as follows,
NSP d/b/a Xcel Energy
City Requested Special Facilities Surcharge (CRFS)
City of Shorewood
Excess Expenditures = $79,500
Customer Class Customers Surchar2"e(t) Months Recoverv
Residential 2,785 $1.25 22.11 $76,986
Low Income 12 $1.00 22.11 $265
Small C&I NO 149 $1.25 22.11 $4, 119
Small C&I 39 $3.75 22.11 $3,234
Large C&I (Over 1 MW) 4 $5.00 22.11 $442
Street Lighting 10 $1.25 22.11 $276
Sm Mun Pump NO 18 $1.25 22.11 $498
Small Mun Pump 2 $3.75 22.11 $166
Large Mun Pump 0 $5.00 22.11 $0
Total 3,019 $85,987
Total Carrying Charges included in recovery amount(2) $6,487
(1) Adjustment possible in final months of recovery period for more precise cost recovery.
(2) Monthly carrying charge of 0.9983% applies to outstanding balance, equal to compounded rate based on
8.81 % overall rate of return from the last general rate case (2005) and 3.85% tax factor.
2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Shore wood that it
authorizes the above monthly surcharge schedule for Xcel Energy ratepayers within Shorewood for
the County Road 19/5mithtown Road/Country Club Road intersection improvement project.
ADOPTED BY THE CITY COUNCIL OF THIS CITY OF SHOREWOOD
this 9th day of July, 2007
Christine Lizee, Mayor
ATTEST: