SRP management proposes EPCAF budget for FY13
SRP implemented the EPCAF in November 2009 to track costs and revenues related to SRP's renewable energy and energy-efficiency programs that were adopted to comply with SRP's Sustainable Portfolio standards, as well as costs incurred as a result of carbon-reduction mandates imposed upon SRP, either legislatively, or by regulation. The EPCAF is a component of all SRP retail price plans and is currently set at $.0037 per kilowatt-hour.
Management tracks EPCAF revenues and expenses monthly, and the SRP Board of Directors conducts a review of management's proposed EPCAF budget.
The EPCAF budget for each fiscal year is established by the Board annually. Changes to the EPCAF can be made annually with the Board's approval of the budget for the upcoming fiscal year or more frequently if expenses and revenues deviate greatly.
SRP is not recommending any changes to the Environmental Programs Cost Adjustment Factor (EPCAF) price, or to SRP's price plans, effective May 1, 2012.
We have posted the official notice on the EPCAF and the FY13 budget in PDF format. SRP management proposed the following budget for the EPCAF to the Board for the upcoming FY13, which begins on May 1, 2012. The Board approved the budget on March 27, 2012.
