TO: Western Interstate Energy Board

FROM: Doug Larson

DATE: October 23, 2001

Subject: Financial Report

As the attached tables show, the financial position of the Board continues to be strong, especially with the continuation of two previous contracts with the Department of Energy and one new contract.

In July, DOE awarded funding for the second year of a contract for the Western Interconnection Wind Energy Evaluation Team and in late September, awarded WGA a second year for the SIPs Guidebook. (WIEB has a subcontract with WGA for the SIPs Guidebook.) DOE also approved the carry-over of funds not spent in the first year of those projects into the second year. Additionally, some funds were carried over for the Transmission Pricing project. In September, we were notified that WIEB had been selected to receive $75,000 in funding for one new project, the Western Interconnection Demand Responsiveness Team. WIEB will also received funds from EPA through the Western Regional Air Partnership to complete the Air Pollution Prevention Forum’s work on renewable energy and energy efficiency.

Dues have been received from all but three states and one province. The Western Conference of Public Service Commissioners will once again be providing $12,000 to support CREPC’s work.

Board expenses continue to be lower than anticipated, and the carry-over this year was larger than estimated, due in large part to the delay in hiring new personnel to replace Terry Pruit and Dale DeCesare who left the Board in the Spring. In the middle of July, Sharon Irwin joined the WIEB staff.

DOE did reject four other proposals submitted by WIEB as part of the January 2001 broad-based solicitation. In essence, these proposals were rejected because they were regional in nature with no strategies for expanding the results nationwide. Click here for the rejection letters for these proposals. Since one of the rejected projects was on siting, the tentative project that had been negotiated with British Columbia on examining cross border environmental impacts during facility siting was cancelled.

The following tables show estimated income and expenses for FY 2001-2002.

			Western Interstate Energy Board
			Fiscal Year 2001-2002			Table 1
			Estimated Income
			Adopted by the Board April 2001
				Estimated	Revised*
				Income	Estimated	Received as
				April 2001	Income	of 10/9/01
Beginning Cash Balance				$ 277,861	$302,700	$ 302,700
INCOME
	Members
		Arizona		18,000	18,000
		California		18,000	18,000	18,000
		Colorado		18,000	18,000
		Idaho		18,000	18,000	18,000
		Montana		18,000	18,000
		New Mexico		18,000	18,000	18,000
		Nevada		18,000	18,000	12,000
		Oregon		18,000	18,000	18,000
		Utah		18,000	18,000	18,000
		Washington		18,000	18,000	18,000
		Wyoming		18,000	18,000	18,000
	Associate Members
		Alberta		8,000	8,000
		British Columbia		8,000	8,000	8,000
		Nebraska		10,500	10,500	10,500
		Saskatchewan		8,000	8,000	8,000
				232,500	232,500	164,500
	Special Contracts
		PUC contracts		-	-	-
		California EOB		4,400	4,400	4,400
		Nevada PUC			4,400	4,400
		Oregon PUC			4,400	4,400
		Utah PSC
		Washington UTC		-	-	-
				4,400	13,200	13,200
	Other
		Interest		4,000	4,000	1,336
		Misc. (mtg. income, etc)		2,000