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WSPP MEMBERSHIP

WSPP MEMBERSHIP. 14 New Members in 2006 Mirant Energy Trading, LLC Clark County Public Utilities (Clark County PUD #1) Cinergy Marketing & Trading, LLP Old Lane Commodities, LP Alcoa Power Marketing, Inc. Safeway, Inc. Midwest Energy, Inc. Credit Suisse Energy, LLC City of Alma, KS

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WSPP MEMBERSHIP

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  1. WSPP MEMBERSHIP 14 New Members in 2006 Mirant Energy Trading, LLC Clark County Public Utilities (Clark County PUD #1) Cinergy Marketing & Trading, LLP Old Lane Commodities, LP Alcoa Power Marketing, Inc. Safeway, Inc. Midwest Energy, Inc. Credit Suisse Energy, LLC City of Alma, KS City of Iola, KS City of Scranton, KS City of Wathena, KS Klickitat PUD (Klickitat County PUD #1) Central Arizona Water Conservation District

  2. WSPP MEMBERSHIP • WSPP Growth...... • 14 at original filing in 1987 • 45 at permanent filing in 1991 • 55 end of 1993 (1st marketer Sept ‘93); 101 by end of ‘95 • 41 new in ‘96; 42 in ‘97; 28 in ‘98; 7 in ‘99; 18 in ‘00; 237 by end of 2000 • 18 in ‘01; 11 (net) in ’02; 16 in ’03; 6 (net) in ’04; 10 (net) in ’05; 12 (net) in ’06 • 310 members total

  3. WSPP FINANCIALS • 2006 Budget vs. Actuals 2006 Actuals2006 BudgetVariance Revenues New Members $ 350,000 $ 200,000 $ 150,000 Interest 80,330 70,000 10,330 Sponsors 42,500 ------ 42,500 Total Revenues $ 472,830 $ 270,000 $ 202,830 Expenses Legal $ 140,218 $ 225,000 $ (84,782) Operating Agent 48,000 72,000 (24,000) Accounting & Tax 259 5,000 (4,741) Web Site 0 15,000 (15,000) Insurance 6,000 6,000 ------- Meetings, etc 13,892 10,000 3,892 Total Expenses $ 208,369 $ 333,000 $ (124,631) • Net Income $ 264,461 $ (63,000) $ 327,461

  4. WSPP FINANCIALS • Estimated Statement of Cash Balances Calendar Year 2006 Balance 1/1/06 $ 2,643,000 Less Expenses (through 8/31/06) 208,000 Plus Revenues (through 8/31/06) 393,000 Plus Int & Apprec on Balance (thru 8/31/06) 80,000 Balance 8/31/06 (Approx) $ 2,908,000 Less Remaining 2006 Expenses (est) 110,000 Plus Remaining 2006 Revenues (est) ---- Plus Remaining Int & Apprec on 2006 (est) 40,000 Estimated Balance 12/31/06 $ 2,838,000

  5. WSPP FINANCIALS • In accordance with paragraph 7.2 of the WSPP Agreement, the Operating Agent submits for review the following budget for the Operating Year 2007: • Legal Services & Reimbursable Expenses $ 210,000 • 2. Operating Agent Services $ 72,000 • 3. Accounting Services & Banking Fees $ 5,000 • 4. Operating Committee & Contract Committee Meetings $ 5,000 • 5. Internet Home Page and Web Site $ 13,000 • Total 2007 Operating Budget • To Be Submitted from Operating Committee $ 305,000 • 6. Executive Committee and Administrative Committee Expenses $ 4,000 • 7. Directors and Officers Liability Insurance Expense $ 6,000 • Total Proposed 2007 Operating Budget$ 315,000

  6. WSPP FINANCIALS • Estimated Statement of Cash Balances Calendar Year 2007 • Balance 1/1/07 (estimated) $ 2,838,000 • Less Estimated Expenses 1/1/07 through 12/31/07 $ 315,000 • Plus Estimated Revenues 2007 • (8 New Members @ $25,000) $ 200,000 • Plus Estimated Interest on Project Balance 2007 $ 90,000 • Estimated Statement of Cash Balances 12/31/07 $ 2,813,000

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