Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Agreements with Sundial Solar and DSD Renewables for purchase of renewable electricity - Fiscal Note
No
Finance & Property Services
06200-8201430-512201
No
Renewable*Connect continues to cost an extra $0.005 – $0.008/kWh, Xcel Energy interim rate increase in 2022 was 13.52% for commercial accounts in 2022 going forward will have impact, but only on select portions of bill, overall impact estimated to be 8% increase in overall bill in 2022 over 2021. Predicted 3% annual increase after.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| Xcel Energy electricity not purchase due to PPA ($0.097 average in 2021 across enterprise operation plus 8% adder to overall bill due to rate inc.)) | $267,138 | $534,276 | $550,304 | $566,813 | $583,817 |
| Total Revenues | $267,138 | $534,276 | $550,304 | $566,813 | $583,817 |
| Expenditures | |||||
| PPA Payments ($0.105 per kWh) | $267,750 | $535,000 | $535,000 | $535,000 | $535,000 |
| Total Expenditures | $267,750 | $535,000 | $535,000 | $535,000 | $535,000 |
| Net Budgetary Impact (Revenue-Exp.) | $-612 | $-724 | $15,304 | $31,813 | $48,817 |
Not Applicable
Not Applicable