Staff analysis finds wide gaps between developer projections and rate-based revenue estimates
Summary
City staff told the council that proposed revenue figures tied to Mid State Electric rate schedules diverged sharply from the numbers originally presented by the developer, leaving projected franchise and power revenues uncertain.
City staff presented a written report that compared developer-provided power and revenue figures against Mid State Electric rate tables and found large discrepancies. Using the highest published large-load rate, staff estimated annual gross power values far different from the proposer’s numbers and noted that the existing published interruptible load rate only covers up to 9.9 MW, not the 20 MW the proposal referenced.
The staff report summarized three options for council direction: (1) pursue further assessment and analysis, (2) proceed with purchase-and-sale negotiations, or (3) conclude the matter and end the current negotiations. Staff emphasized that rate structures, a potential new Mid State load class for 20–25 MW, and other missing inputs meant city revenue projections should be treated as provisional until those elements are confirmed.
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