XEL » Topics » Electric Commodity Adjustment (ECA)

This excerpt taken from the XEL 10-Q filed Oct 27, 2006.
Electric Commodity Adjustment (ECA) — The ECA, effective Jan. 1, 2004, is an incentive adjustment mechanism that compares actual fuel and purchased energy expense in a calendar year to a benchmark formula. The ECA also provides for an $11.25 million cap on any cost sharing over or under an allowed ECA formula rate. The formula rate is revised annually and collected or refunded in the following year, if necessary. The current ECA mechanism will expire Jan. 1, 2007.  Based on PSCo's analysis of the most recent forecast, a $10.3 million accrual was recorded in the third quarter of 2006.

 

This excerpt taken from the XEL 10-K filed Feb 27, 2006.
Electric Commodity Adjustment (ECA) — The ECA, effective Jan. 1, 2004, is an incentive adjustment mechanism that compares actual fuel and purchased energy expense in a calendar year to a benchmark formula. The ECA also provides for an $11.25 million cap on any cost sharing over or under an allowed ECA formula rate.  The formula rate is revised annually and collected or refunded in the following year, if necessary.  The current ECA mechanism will expire Jan. 1, 2007.

 

     

This excerpt taken from the XEL 10-K filed Mar 4, 2005.
Electric Commodity Adjustment (ECA) — The ECA, effective Jan. 1, 2004, is an incentive adjustment mechanism that compares actual fuel and purchased energy expense in a calendar year to a benchmark formula. The ECA then provides for an $11.25 million cap on any cost sharing over or under an allowed ECA formula rate.  The formula rate is revised annually and collected or refunded in the following year, if necessary.

 

                 

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