CONCORD STEAM CORPORATION 2016-2017 Cost of Energy Adjustment
No. 25, 961
DG 16-811
New Hampshire Public Utilities Commission
October 28, 2016
Order
Approving Cost of Energy Rate
Peter
G. Bloomfield and Mark E. Saltsman for Concord Steam
Corporation, pro se; and John S. Clifford, Esq., for the
Staff of the Public Utilities Commission.
In this
order, the Commission approves Concord Steam
Corporation's 2016-2017 cost of energy rate of $23.73 per
thousand pounds (Mlb), which is a reduction from last
year's weighted average rate of $27.21 per Mlb.
I.
PROCEDURAL HISTORY
Concord
Steam Corporation (Concord Steam) is a public utility
supplying steam services primarily to commercial and
institutional customers in Concord. On August 31, 2016,
Concord Steam filed its annual cost of energy (COE) rate
adjustment for the period November 1, 2016, through May 31,
2017. The filing included the prefiled testimony of Concord
Steam's President, Peter G. Bloomfield. There were no
intervenors, and the hearing was held as scheduled on October
17, 2016. The petition and subsequent docket filings, other
than any information for which confidential treatment is
requested of or granted by the Commission, are posted to the
Commission's website at
http://www.puc.nh.gov/Regulatory/Docketbk/2016/16-811.html.
II.
POSITIONS OF THE PARTIES AND STAFF
A.
Concord Steam
Concord
Steam's president, Peter G. Bloomfield, testified
regarding: (1) the Company and the status of its customers;
(2) the Company's under-collection from the 2015-2016 COE
period; (3) Concord Steam's proposed COE rate and the
resulting bill impacts; (4) its fuel purchase strategy; (5)
the sales forecast and unaccounted-for steam; (6) its
co-generation operations; and (7) updates on the
Company's plans for closure of the plant on May 31, 2017.
1.
Company and Customers
Concord
Steam, the only steam utility in the State, provides district
steam service from its facility on Pleasant Street in
Concord. The Company has 85 customers, all of which are
commercial or institutional, with the exception of one
residential customer...
