[CALL MEETING TO ORDER]
[00:00:05]
SAYING IS, LET'S DO ROLL CALL.
COMMISSIONER, COMMISSIONER ALVAREZ? NOT YET.
COMMISSIONER BENAVIDEZ IN PERSON.
I THINK I SEE HIM ONLINE THERE.
COMMISSIONER BRADEN? I SEE HIM HERE.
CYRUS, YOU, YOU MORPHED AGAIN? NO BEARD.
DO WE HAVE ANYONE SIGNED UP? WE DO NOT.
[APPROVAL OF MINUTES]
APPROVAL OF MINUTES.ANYONE HAVE ANY COMMENTS ABOUT THE MINUTES? I JUST HAVE, UH, SORRY, I JUST HAVE A QUESTION.
UM, I NOTICED THAT, UH, BOTH MYSELF AND MR. ALVAREZ WERE SHOWN AS ABSENT A NUMBER OF VOTES.
I'M ASSUMING THAT'S 'CAUSE NEITHER OF US FOLLOWED DIRECTIONS AND I THINK I WAS THERE.
SO I ASSUME IT'S 'CAUSE I DIDN'T TURN THIS SHEET IN TIME OR SOMETHING.
YOU GUYS WEREN'T ON CAMERA YET? OH, WE WEREN'T ON CAMERA YET.
SO YOU WEREN'T, YOU HADN'T JOINED THE MEETING YET.
AND SO THEN ONCE YOU JOINED THE MEETING OFFICIALLY, THEN I COUNTED YOU.
AND AS A REMINDER, UH, VICE CHAIR WHITE, IF YOU COULD PLEASE GET ME YOUR FORM, UH, IMMEDIATELY FOR TONIGHT'S MEETING SO YOU CAN BE COUNTED AS PRESENT AND FOR ANY VOTES.
UH, UH, I CAN DO THAT RIGHT NOW.
DO YOU ACCEPT, I KNOW OTHER COMMISSIONS YOU CAN JUST EMAIL IN AND SAY YOU DON'T HAVE A CONFLICT.
IS THAT SUFFICIENT FOR US OR DO I NEED TO ACTUALLY SEND THE FORM? THAT'S ACCEPTABLE.
WELL, WITH, WITH THAT, UH, CAVEAT THAT, THAT RAUL AND I WEREN'T ON CAMERA YET.
UM, UH, I, I WOULD VOTE TO APPROVE THE, UH, MINUTES.
I'D MAKE A MOTION TO APPROVE THE MINUTES.
[Items 2, 5, 6 - 8, 10 - 12]
OKAY.DISCUSSION AND ACTION ITEMS. WE'VE GOT TWO THROUGH 12.
WHICH ONES DO YOU WANNA PULL? THERE'S NO INTEREST IN ANY ONE OF THESE.
SO HOW ABOUT WE GO AHEAD AND VOTE? I I CAN'T, IS THERE ANY THAT I MAY HAVE NOT HAVE SEEN? I'M SORRY.
COULD WE, COULD, I HAD ONE QUESTION ON, I THINK IT'S NINE.
THE RETAIL ELECTRIC SERVICE SUBSCRIPTION.
I WAS JUST TRYING TO FIND WHICH ONE.
IT WAS THE, THE ONE HAVING TO DO WITH A, A SUBSCRIPTION ON RETAIL ENERGY MARKETS.
YEAH, I HAD A QUESTION ABOUT THAT.
ANY OTHER QUESTIONS ON, ON ANY OF THESE TWO THROUGH 12? UH, AL I GOT A QUESTION ON FOUR.
WE WANNA VOTE ON 2, 5, 6, 7, 8, 10, 11, AND 12 THEN.
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JOSH, SECOND FROM AL.OKAY, SO WE HAVE 2, 5, 6, 7, 8, 10, 11, 12.
[3. Recommend approval authorizing a contract for continued manual meter reading services for electric and water utility meters for Austin Energy and Austin Water with Bermex, Inc., to increase the amount by $5,200,000 and to extend the term by two years for a revised total contract amount not to exceed $38,127,110. Funding: $2,475,787 is available in the Operating Budget of Austin Energy. Funding for the remaining contract term is contingent upon available funding in future budgets.]
OKAY.LET'S START WITH NUMBER THREE.
WHO CAN TALK TO US ABOUT NUMBER THREE? HI, SANDRA ESCOVEDO, VICE PRESIDENT OF CUSTOMER ACCOUNT MANAGEMENT.
UM, I'M JUST CURIOUS HOW MANY, UM, HOW MANY METERS DO WE HAVE TO READ, UH, MANUALLY? YEAH, SO AT A, RIGHT NOW WE'RE AT ABOUT 3,500 TO 4,000 A MONTH OR SO.
A THOUSAND OF THOSE ARE ACTUAL OPT-OUTS.
THE REST OF THEM, THEM ARE JUST MAINTENANCE THINGS THAT HAPPEN, SIGNALS GO OUT, THAT KIND OF THING.
WE HAVE TO GO OUT AND READ THEM.
UM, IF, SO, EVEN IF, SO ARE, ARE THE ONES WHERE THE, WHERE THE MAINTENANCE HAS GONE OUT? IS THAT, ARE THEY STILL OUR SMART METERS, LIKE ONES THAT WE COULD READ? YES.
THEY'RE JUST SOME, FOR SOME REASON WE CAN'T OR RIGHT.
WE GO OUT AND CHECK 'EM, RECONNECT THE SIGNAL.
SOME OF THEM ARE, ARE JUST DIFFERENT REASONS, BUT THEY ARE AMIS.
BUT ABOUT A THOUSAND ARE ARE FOLKS WHO HAVE OPTED, OPTED OUT ARE TRUE OPT OUT? YES.
ARE ARE THEY CHARGED ANYTHING EXTRA FOR, FOR BEING OPT OUT? THEY ARE.
UM, THOSE ARE A THOUSAND THAT ARE OPT OUTS FOR THE ELECTRIC.
WHAT ABOUT THE WATER? SINCE YOU ALL HANDLE WATER TOO? ACTUALLY THAT'S A COMBINATION AND I, SO I SHOULD SAY IT'S ACTUALLY SEVEN 20.
236 OF THOSE ARE WATER AND 486 ARE ELECTRIC.
AND DO YOU KNOW ABOUT THE ROLLOUT FOR THE SMART WATER METERS? HOW, WHAT PERCENTAGE OF AUSTIN WATERS CUSTOMERS HAVE THE SMART WATER METERS OTHER THAN THIS? WELL, I GUESS OUT OF THAT 3,500 OR SO, THERE'S A SUBSET THAT ARE STILL MANUAL READS, BUT THEY ARE SMART.
AND, AND WHAT'S THE COMPLETION DATE TO BE? A HUNDRED PERCENT MINUS THE OPT-OUTS.
I'M GONNA INVITE JAMIE UP TO ANSWER THAT.
IF SHE HAS IT, WE, WE MIGHT NOT KNOW THAT OFF HAND FORECASTING.
SO WE'RE FORECASTING END OF THIS YEAR TO BE CLOSE TO A HUNDRED PERCENT.
AND, AND HOW MUCH DOES THAT HELP YOU DISCOVER LIKE DISTRIBUTION LEAKS AND IS THERE A NUMBER THAT YOU'VE COME UP WITH? HOW MUCH OF A BENEFIT THAT'S NOT ONLY BEEN FOR NOT HAVING THE BURM MIX OR THE ISSUE THAT WE HAD A NUMBER OF YEARS AGO WITH METER READING, BUT BEING ABLE TO DEDUCE LEAKS AND FIND THEM AND FIX THEM FASTER? YEAH, SO AUSTIN APOLOGIES.
AUSTIN WATER DOES HAVE, UH, ALL THE DATA COMPONENTS AND THEY DO PRACTICALLY REVIEW ALL OF THOSE DAILY, WEEKLY, MONTHLY.
AND THEY'RE ABLE TO NOT JUST PRACTICALLY IDENTIFY ANY ISSUES, UH, AT A HIGHER LEVEL FOR, BUT ALSO FOR THE INDIVIDUAL CUSTOMER.
THEY DO SEND ALERTS TO THE CUSTOMERS PROACTIVELY THAT COULD BE EXPERIENCING A LEAK OR, UH, SOMETHING IN THEIR PROPERTY.
BUT IT'S IMPORTANT TO SAY THOSE PROGRAMS ARE ADMINISTERED BY AUSTIN WATER.
SO YOU, YOU ALL JUST HELP WITH THE BILLING? YES.
ANY OTHER QUESTIONS ON NUMBER THREE? I WAS JUST WONDERING IF THE $10 A MONTH IS, I HAVEN'T DONE THE MATH AND, AND I DON'T REMEMBER THE EXACT NUMBER OF CUSTOMERS.
HE SAID, DOES THAT COVER THE COST? NO.
ONLY THE 722 CUSTOMERS WHO ARE OPT OUT GET THE $10 CHARGE.
SO THAT DOES NOT COVER THE COST OF THIS CONTRACT.
UH, SORRY, I SHOULD HAVE BEEN MORE SPECIFIC.
DOES IT COVER THE PROPORTIONAL COST OF THE ONES THAT HAVE OPTED OUT? UNLIKELY.
A ROLL A ROLL TRUCK IS MORE THAN $10 A MONTH.
WHAT WOULD THE COST BE? YEAH, I'D HAVE TO COME BACK TO YOU ON THAT.
I DON'T KNOW THAT OFF THE TOP OF MY HEAD.
BUT, UM, WE RECOGNIZE THAT THIS IS A PRETTY LOW FEE.
IT'S SOMETHING WE'RE LOOKING INTO IN TERMS OF WHAT IS, WHAT MAKES SENSE ON A GO FORWARD.
WE'VE DONE SOME COMPARISONS TO OTHER UTILITIES AND THOSE KINDS OF THINGS.
SO, UM, WE KNOW IT'S NOT A ONE FOR ONE, BUT I'D HAVE TO COME BACK TO YOU WITH AN ESTIMATE.
IS IT A GROWING I'D APPRECIATE THAT.
IS IT A GROWING NUMBER WITH POPULATION AND NUMBER OF CUSTOMERS THAT IT OR IS IT A DECLINING NUMBER WITH PEOPLE WHO FEEL MORE COMFORTABLE WITH THE TECHNOLOGY? THAT'S A DECLINING NUMBER? YEAH, IT DEFINITELY FEELS LIKE IT'S A DECLINING NUMBER.
[00:10:01]
I MEAN, LESS THAN A THOUSAND IS, IS PRETTY GOOD.AND IN GENERAL, WE DON'T HAVE A LOT OF CUSTOMERS ASKING TO OPT OUT ONCE THEY'RE IN AN A MI SPACE.
UM, JUST SOME ADDITIONAL FROM AN ELECTRIC PERSPECTIVE, THE CUSTOMERS THAT HAVE BEEN IN THAT NUMBER AND THAT A AMOUNT WERE THERE FROM THE BEGINNING.
SO THEY'RE THE ONES THAT ARE ALREADY SET ON.
THIS IS JUST THEIR BELIEF SYSTEM.
DO I HAVE A MOTION AND A SECOND? I MOVE.
ANY SECOND? SECOND, CHRIS SECOND.
[4. Recommend approval authorizing a contract for a district energy and cooling billing solution for Austin Energy with RE/SPEC Inc., for an initial term of one year with up to four one-year extension options in an amount not to exceed $985,000. Funding: $300,000 is available in the Capital Budget of Austin Energy, $171,000 is available in the Operating Budget of Austin Energy, funding for the remaining contract term is contingent upon available funding in future budgets.]
NUMBER FOUR? AL YOU HAD A QUESTION? UH, YEAH.ON THE DISTRICT COOLING, IS THIS, THIS IS ON, IT SAYS ON, UM, YOU CAN USE MINE IF YOU NEED.
LOOKS LIKE IT WILL MAKE THE DISTRICT COOLING BUILDING A LOT MORE EFFECTIVE AND EFFICIENT.
IT JUST, UH, GOT ME TO REALIZE, I, WE HAD ASKED FOR SOME REPORTING ON HOW VIABLE AND PROFITABLE THE DISTRICT COOLING IS, AND I DON'T THINK I'VE SEEN THAT OR IF IT WAS PRESENTED, I MISSED IT.
SO IS IS ANY KIND OF REPORTING ON DISTRICT COOLING TO BE AVAILABLE? GOOD EVENING COMMISSIONERS.
KEN SNE, VICE PRESIDENT OF POWER PRODUCTION AND DISTRICT ENGINE COOLING.
UM, YOU'RE RIGHT, THIS ITEM IS FOR A BILLING SYSTEM FOR THE DEC SYSTEM THAT WILL MAKE BILLING MORE EFFICIENT AND EFFECTIVE.
WITH RESPECT TO THE UH, REPORTING, I BELIEVE WE DID BRING SOME REPORTING IN AT SOME POINT AND WE'RE IN THE PROCESS OF DOING SOME OTHER REVIEWS RIGHT NOW.
SO, UH, AT SOME POINT WE'LL BE ABLE TO BRING, UH, ADDITIONAL INFORMATION IF YOU'RE LOOKING FOR SOMETHING ASIDE OR OUTSIDE OF WHAT WE PRESENTED SO FAR, UM, LET US KNOW WHAT THAT IS AND, AND WE CAN UPDATE YOU.
OTHER QUESTIONS? OTHER QUESTIONS? ANYTHING ONLINE? NO OTHER QUESTIONS.
[9. Recommend approval authorizing a contract for Austin Energy with E Source Companies LLC / Esource for an initial term of three years with up to two one-year extension options in an amount not to exceed $1,900,000. Funding: $380,000 is available in the Operating Budget of Austin Energy.]
THEN NUMBER NINE, CYRUS.I CAN'T REALLY SEE, SO I ASSUME SOMEONE CAN ANSWER MY QUESTIONS.
UM, SO THIS, THIS IS A NEW CONTRACT WITH THIS OUTFIT CALLED ESOURCE AND UM, I SHOULDN'T GET HUNG UP WITH THE WORDS RETAIL, ELECTRIC, RETAIL ENERGY MARKET, EVEN THOUGH OBVIOUSLY AUSTIN ENERGY IS A, A MONO, A MONOPOLY.
'CAUSE REALLY WHAT THIS IS ABOUT, ESOURCE PROVIDES DATA AND INFORMATION THAT THEY GET FROM THEIR OWN RESEARCH AND FROM OTHER UTILITIES BEST PRACTICES, WHICH YOU GUYS THEN GET ACCESS TO.
IS THAT BASICALLY THE IDEA? BUT IT'S NOT JUST FOR THE WAY THE MARKET WORKS, IT'S FOR OTHER STUFF.
CUSTOMER SATISFACTION, DEMAND RESPONSE, BATTERY TECHNOLOGY, IT'S, IT'S A WHOLE SUITE OF THINGS, RIGHT? IS THAT, AM I RIGHT ON THAT? GOOD EVENING COMMISSIONERS.
RICHARD JANIS, THE VICE PRESIDENT OF CUSTOMER ENERGY SOLUTIONS AND YES, YOU'RE CORRECT.
AND SO EI KNOW LOOKED AT THEIR WEBSITE.
SO ESOURCE IS BASICALLY A BUNCH OF SMART PEOPLE AND THEY HAVE A BUNCH OF DATA AND PRODUCTS THAT WITH THIS CONTRACT YOU GUYS CAN ACCESS TO BECOME A BETTER UTILITY.
SO IT'S, SO EVEN THOUGH IT'S GONNA COST MONEY, IT SHOULD LEAD TO, YOU KNOW, LEAD TO BEST PRACTICES AND THAT'S THE REASON FOR DOING A THREE YEAR CONTRACT VERSUS JUST TRYING 'EM OUT FOR A YEAR? OR DID THEY KIND OF REQUIRE A THREE YEAR COMMITMENT? NO, A THREE YEAR, UH, CONTRACT WITH TWO ONE YEAR EXTENSIONS.
THEIR SERVICES ARE ACTUALLY QUITE EXTENSIVE OVER THE ENTIRE ENTERPRISE OF AUSTIN ENERGY FROM E SETS TO MARKETING TO CES, TO IT, TO OTHER PARTS OF CUSTOMER CARE.
SO THEY'RE PRETTY EXTENSIVE SERVICES.
THEY ARE PROPRIETARY, UM, AND WE INTEND TO MAKE, UM, THE MAXIMUM USE OF ALL OF THEIR SERVICES.
DO THEY ALSO DO WATER, WATER UTILITY STUFF? I MEAN, COULD AUSTIN WATER TAKE ADVANTAGE OF THEM AS WELL OR ARE THEY WE CAN, WE CAN FOLLOW UP ON THAT.
I'M NOT ABSOLUTELY SURE, BUT WE CAN CERTAINLY FOLLOW UP ON THAT.
IT JUST SEEMS LIKE IF WE'RE GONNA DO A CONTRACT WITH 'EM, MAYBE WE CAN GET 'EM, YOU KNOW, MAYBE WE CAN TAKE ADVANTAGE OF IT FOR OTHER UH, DEPARTMENTS,
[00:15:01]
BUT YEAH, IT LOOKS LIKE A GREAT, UH, GREAT IDEA.UM, HOPEFULLY IT'LL, I'M SURE IT'LL HELP US.
I DON'T KNOW IF OTHERS HAVE QUESTIONS.
OTHER QUESTIONS? YEAH, I'VE GOT A QUESTION.
THE, UH, HOUSEHOLD SURVEY, IS THAT 32,000 OF OUR CUSTOMERS OR IS THAT A SURVEY THEY'VE ALREADY DONE THAT THEY PROVIDE YOU INFORMATION FROM? UM, I HAVE TO CHECK, BUT I BELIEVE IT'S A, A HOUSEHOLD SURVEY OF 32,000 CUSTOMERS IN OUR SERVICE TERRITORY THAT, UM, WE WOULD HAVE ACCESS TO.
LIKE JUST LIKE THE SURVEY THAT WE DO, TWO SURVEYS TO SURVEY FOR KEY ACCOUNT CUSTOMERS AND A SURVEY FOR RESIDENTIAL CUSTOMERS.
AND THIS WOULD HELP ASSESS THEIR SATISFACTION WITH, WITH PRICING AND SERVICE AND CORRECT.
DOES THAT, AND DOES THAT INCLUDE DEMAND RESPONSE? WELL, DEMAND RESPONSE ARE AMONG THE SUITE OF OFFERINGS AND SERVICES THAT THEY SUPPORT.
SO WE'D BE ABLE TO ASK QUESTIONS OF THE ENTIRE SUITE OF DSM PRODUCTS INCLUDING DEMAND RESPONSE, ENERGY EFFICIENCY, EVEN UH, ELECTRIC VEHICLES AND EVEN UH, UH, RENEWABLES WE'D BE ABLE TO ASK QUESTIONS ON AND THEY WOULD HAVE DATA REGARDING THOSE OFFERINGS FROM OTHER UTILITIES.
SO WE DON'T HAVE THE SURVEYS ALL PLANNED OUT THEN THIS IS JUST TO SIGN UP TO BE, HAVE THE SERVICES AVAILABLE ONCE YOU NEED IT.
THERE'S A, THERE'S A NUMBER OF SERVICES MM-HMM
THE SURVEYS IS JUST ONE OF THEIR SERVICES.
WHAT I WAS ALSO ALLUDING TO IS ONE OF THE OTHER SERVICES INVOLVES, UH, AN OPEN-ENDED ABILITY TO ASK QUESTIONS REGARDING, UH, OFFERINGS AND PROGRAMS FROM OTHER UTILITIES.
OTHER QUESTIONS ONLINE? DO OKAY WITH THAT? DO WE HAVE A LITTLE AND, AND JUST BASED ON THEIR, UH, BASED ON THEIR WEBSITE, WHICH OF COURSE, YOU KNOW, THEY DO DO SOME, UM, THEY DO HAVE SOME PRODUCTS ON THINGS LIKE WATER SAVINGS AND ALSO, YOU KNOW, OBVIOUSLY WE DON'T HAVE OUR OWN GAS UTILITY, BUT THEY ALSO DO GAS UTILITIES AS WELL.
SO, YOU KNOW, THAT'S SOMETHING TO EXPLORE WHETHER WE CAN TAKE ADVANTAGE OF THEIR OTHER PRODUCTS.
BUT, UH, SOUNDS LIKE A NEAT OUTFIT.
UM, YEAH, I'D MAKE A MOTION TO APPROVE.
YEAH, WE HAVE A MOTION FROM CYRUS.
[13. Staff briefing on Overview of Base and Pass-Through Rates by Rusty Maenius, Acting Deputy General Manager, Business Services – Austin Energy.]
OKAY.I THINK WE MOVE ON TO STAFF BRIEFINGS NOW.
RUSTY MANUS, ACTING DEPUTY GENERAL MANAGER AT AUSTIN ENERGY.
LAST MONTH I WAS IN FRONT OF YOU AND I THINK WE WERE ENGAGED IN A BUDGET DISCUSSION AND, UM, WE TALKED A LITTLE BIT ABOUT, UH, THE DIFFERENT RATES AUSTIN ENERGY HAS AND WHAT COSTS THEY RECOVER.
SO I HAVE A VERY SHORT SLIDE PRESENTATION TONIGHT TO TALK, UH, SPECIFICALLY ABOUT THAT NEXT SLIDE.
SO WE HAVE, UH, DIFFERENT RATES THAT PAY FOR DIFFERENT COSTS.
BUT BEFORE I GET TOO FAR INTO THIS SLIDE, I JUST WANNA POINT OUT THAT THE COSTS REPRESENTED IN THESE ORANGE BOXES, THEY'RE NOT MEANT TO BE EXHAUSTIVE, BUT TO GIVE YOU AN IDEA OF THE TYPES OF COSTS THAT ARE RECOVERED, FOR EXAMPLE, BASE RATES, BASE RATES RECOVER WHAT MOST PEOPLE TYPICALLY ASSOCIATE WITH ELECTRIC UTILITIES, POLES, WIRES, TRANSFORMERS.
THEY ALSO RECOVER OPERATION AND MAINTENANCE COSTS INCLUDING, UH, PERSONNEL COSTS, UH, FLEET, OUR TRUCKS, UH, CAPITAL COSTS AND DEBT SERVICE ASSOCIATED WITH OUR CAPITAL IMPROVEMENT PLAN AND CITY TRANSFERS.
AND THEY REPRESENT ABOUT HALF THE CUSTOMER'S BILL, HALF THE RESIDENTIAL BILL, AT LEAST POWER SUPPLY ADJUSTMENT OR THE PSA, THAT, THAT RATE COVERS JUST WHAT IT SAYS POWER SUPPLY COSTS, RIGHT? TYPICALLY, UH, ERCOT POWER MARKET PURCHASES, UH, OUR PURCHASE POWER AGREEMENTS FOR SOLAR AND WIND AND OUR FUEL COSTS WITH OUR OWN GENERATION AND THOSE COSTS ARE OFFSET BY OUR SAILS INTO THE POWER MARKET FROM BOTH THOSE CONTRACTED ASSETS, THE SOLAR AND WIND AND OUR, UH, OWNED POWER POWER PLANTS.
REGULATORY CHARGE BY AND LARGE IS THE, UM, WHOLESALE TRANSMISSION COSTS.
WE HAVE TO PAY EVERY TRANSMISSION SERVICE PROVIDER IN
[00:20:01]
ERCOT TO USE THE TRANSMISSION GRID, IF YOU WILL.IT'S ABOUT $200 MILLION AND WE COLLECT THAT SPECIFICALLY THROUGH THE REGULATORY CHARGE.
AND THEN THE LAST BUCKET IS OUR COMMUNITY BENEFIT CHARGE AND IT'S, IT'S, UH, THE COMBINATION OF THREE SPECIFIC CHARGES.
THE FIRST IS SERVICE AREA LIGHTING, WHICH IS, UH, CITY LIGHTING.
AND THEN WE HAVE OUR ENERGY EFFICIENCY SERVICE RATE, OUR EES RATE AND IT RECOVERS OUR ENERGY EFFICIENCY PROGRAMS AND REBATES.
AND THEN LAST BUT NOT LEAST, WE HAVE OUR CUSTOMER ASSISTANCE PROGRAM, OUR CAP PROGRAM.
SO DIFFERENT RATES TO PAY FOR DIFFERENT COSTS, BUT THE REVENUES AREN'T INTERCHANGEABLE.
FOR EXAMPLE, I CAN'T USE BASE RATE REVENUE TO PAY FOR POWER SUPPLY COSTS.
JUST LIKE I CAN'T USE POWER SUPPLY REVENUES TO PAY FOR REGULATORY CHARGES.
IF YOU REMEMBER IN THE BUDGET, UM, WE SAID THAT WE WERE GOING TO RAISE BASE RATES BY 5%, YET THE CUSTOMER BILL WAS GONNA GO DOWN, RIGHT? THAT'S BECAUSE, UH, BASE RATE COSTS, UH, WENT UP AND WE NEEDED TO RECOVER THOSE, BUT POWER SUPPLY ADJUSTMENT COSTS HAD GONE DOWN BY EVEN MORE.
AND SO THE NET EFFECT OF THAT IS ZERO IS, IS IS RESULTS IN A BILL REDUCTION.
SO DIFFERENT LEVERS TO PULL FOR DIFFERENT, FOR DIFFERENT COSTS.
CAN WE ASK QUESTIONS REAL QUICK? SO THE PSA AND THE REGULATORY CHARGE, THOSE ARE JUST PURE PASS THROUGH I'M THAT'S EXACTLY RIGHT.
SO IF YOU LOOK AT POWER SUPPLY REGULATORY AND THE COMMUNITY BENEFIT CHARGE, THEY'RE WHAT WE CALL PASS THROUGH RATES, WHICH BASICALLY MEANS IF WE SET THE RATE AND IF WE SET THE RATE A LITTLE TOO HIGH AND RECOVER MORE MONEY THAN COSTS, WE GIVE THAT BACK TO THE CUSTOMER.
IF WE SET THE RATES TOO LOW AND INCUR SHORTFALL, WE ASSESS THAT BACK TO THE CUSTOMER AS WELL.
NOW THAT BEING SAID, UH, WE SET RATES TO RECOVER COSTS.
SO EVEN BASE RATES IN THE LONG RUN IS A PASS THROUGH.
IF WE COULD ELIMINATE TIMING, WE WOULD COLLECT A DOLLAR OF REVENUE FOR A DOLLAR OF COST.
AND ON THE TRANSMISSION COST, IS THAT THE NET OF WHAT YOU MAKE FROM YOUR TRANSMISSION THAT YOU OWN? NO, NO.
IT, IT IS NOT, UH, WHAT WE MAKE FROM OUR TRANSMISSION ASSETS IS RECOVERED AS, UH, OTHER REVENUE.
UH, BUT IT IS NOT NETTED AGAINST THAT.
IS IT IN THE PSA OR BASE OR WHAT? I'M SORRY, SAY AGAIN? SO THAT'S NOT A RATE THING, BUT THAT'S PART OF YOUR INCOME STATEMENT I GUESS? CORRECT.
WOULD THAT BE IN ANY OF THESE CATEGORIES AS FAR AS THE REVENUE YOU MAKE? UH, NO, IT WOULD NOT BE BE, IT WOULD BE, UH, CHARACTERIZED AS OTHER REVENUE.
IT'S NOT RIGHT PER SE RATE REVENUE.
SO IF THE NOTION IS TO SET COSTS OR SET RATES, SORRY, I HAD ONE QUICK QUESTION ON, ON BASE RATES ARE, ARE THE COST OF THE DISTRIBUTION SYSTEM ITSELF, WOULD THOSE BE IN THE BASE RATES? YES.
SO I MEAN, IF YOU MEAN THE COST OF THE DISTRIBUTION, UH, SYSTEM ITSELF.
SO THE, THE COST TO BUILD IT, RIGHT, EITHER IF IT'S DEBT FUNDED OR IF IT'S CASH FUNDED COMES OUTTA BASE RATES AND TO TO OPERATE AND MAINTAIN IT COMES OUTTA BASE RATES.
BUT IN TRANSMISSION TRANSMISSION'S ULTIMATELY PAID FOR BY EVERYBODY IN ERCOT CORRECT? THAT, THAT PIECE OF, OF, UH, UH, SO TRANSMISSION RELATED COSTS, AS YOU MAY KNOW, UH, ARE REGULATED BY THE PUC AND THAT IS CORRECT.
OUR, OUR, UH, COSTS ASSOCIATED WITH OWNING AND OPERATING OUR TRANSMISSION CUSTOMERS ARE JUST THE MIRROR OPPOSITE OF THE REGULATORY CHARGE.
WE COLLECT THAT FROM EVERY LOAD SERVING ENTITY IN UM, UH, ERCOT.
UM, SO I KNOW I SEE FUEL COSTS FROM PSA.
WHAT ABOUT IS THE, UH, OPERATIONS AND MAINTENANCE FOR POWER PLANTS AND BASE RATES OR IS IT CORRECT THE SYSTEM THEY'RE IN BASE RATES SO THAT THAT WIRES POLES AND POWER PLANTS OPEX ARE IN BASE RATES GENERALLY SPEAKING? THAT'S CORRECT.
SO WE DO A PRETTY GOOD JOB OF, UH, SETTING THESE PASS THROUGHS AT COST, NOT SO MUCH WITH BASE RATES.
SO IF YOU REMEMBER THE LAST TIME WE HAD A FULL RETAIL CASE, WE USED FISCAL YEAR 2021 AS A TEST YEAR.
IF I GO BACK TO 2021 AND USE THE PASS THROUGH RATES THAT WERE IN EFFECT AT THAT TIME AND MARRY THOSE UP
[00:25:01]
WITH THE COUNCIL APPROVED BASE RATE INCREASE THAT WE GOT OUTTA THAT COST OF SERVICE FOR FISCAL YEAR 2021.THEORETICALLY WE HAVE REVENUES MATCHING EXPENSES.
IF I LOOK OVER THE NEXT FIVE YEARS THROUGH WHAT WE PROPOSED IN FISCAL YEAR 26, THE BUDGET, I CAN TELL YOU THAT THE POWER SUPPLY ADJUSTMENT OVER THE LAST FIVE YEARS INCREASED BY ABOUT A THIRD.
AND THAT THE REGULATORY CHARGE WAS ABOUT A THIRD SERVICE AREA, LIGHTING AND ENERGY EFFICIENCY.
THEY JUST ABOUT DOUBLED AND THE CAP PROGRAM, BECAUSE THERE WAS A BIG EXPANSION, NEARLY TRIPLED.
I CAN ALSO TELL YOU THAT THE O AND M THAT'S SUPPOSED TO BE RECOVERED IN BASE RATES OVER THE LAST FIVE YEARS INCREASED 35 TO 40%.
AND I CAN ALSO TELL YOU THAT OUR CAP X NEARLY DOUBLED IN THAT FIVE YEAR PERIOD, BUT BASE RATES ONLY WENT UP 10%.
SO I MEAN THE, THE, THE MATH IS PRETTY SIMPLE.
WE HAD A 2% BASE RATE INCREASE IN 24, A 2% BASE RATE INCREASE IN 25 AND, AND A 5%, UH, BASE RATE INCREASE, UH, GOING FORWARD IN 2026 S.
THAT'S WHY WE PROPOSED THE FIVE YEAR PLAN TO MAKE THOSE INCREMENTAL SYSTEMIC BASE RATE INCREASES.
SO NOT ONLY COULD WE CATCH UP, THEN WE COULD KEEP UP WITH BASE RATES.
'CAUSE KEEP IN MIND, EVEN WITH THE 5% INCREASE IN 26, STILL A $43 MILLION DEFICIT.
SO BEFORE I, BEFORE I MOVE ON FROM THIS SLIDE, ARE THERE ANY OTHER QUESTIONS? WELL, I GUESS I WAS A, A LITTLE, MAYBE I DIDN'T FULLY UNDERSTAND THE RESPONSE TO DAVE'S QUESTION, BUT WHEN YOU'RE TALKING ABOUT THE, THE MONEY MAKE FROM TRANSMISSION, IT GOES INTO OTHER REVENUE, BUT YOU SAID YOU CAN'T SPEND REVENUE, ALL THE REVENUE HAS TO MATCH UP EXPENSES IN THESE BUCKETS.
SO WE'RE IT, IS THERE ANOTHER BUCKET? SO, SO IT, YOU, YOU, SO WHEN I TALK ABOUT O AND M HERE, IT'S EXCLUSIVE OF TRANSMISSION ASSETS.
SO THE, THERE'S THE REVENUE THAT WE GET FROM LOAD SERVING ENTITIES IN ERCOT GOES TO PAY FOR THE OWNING AND MAINTAINING OF OUR TRANSMISSION ASSETS.
SO YOU CAN THINK ABOUT THIS, SO YOU CAN EITHER MARRY THOSE TWO UP, BUT BASE RATES DON'T PAY FOR IT.
UM, BUT THESE BASE RATES EXCLUDE TRANSMISSION ASSETS.
SO RUSTY, IS THAT OPERATED LIKE A SEPARATE DIVISION, EXCUSE ME, LIKE LCRA WHERE TRANSMISSION IS IN ITS OWN CATEGORY FROM THESE OTHER THINGS? NO, NO.
WE'RE IT, IT'S AN INTEGRATED WORKFORCE.
UM, THEY'RE, THEY'RE TRACKED SEPARATELY IN A COST OF SERVICE.
UH, AND, AND THE, AND THE RATE SETTING IS DONE.
UH, WHEN WE DO A COST OF SERVICE, WE TAKE HOW MUCH MONEY WE NEED AND WE FUNCTIONALIZE IT, WHICH MEANS HOW MUCH IS ATTRIBUTED TO PRODUCTION GENERATION, HOW MUCH IS ATTRIBUTED TO TRANSMISSION, TO DISTRIBUTION TO CUSTOMER SERVICE.
AND THE TRANSMISSION PIECE, WE EXCLUDE, IT'S GOT ITS OWN FUNDING SOURCE BECAUSE IT'S NOT, EXCUSE ME, IT'S NOT PAID ON THE RATE ON OUR BILL THEN IT'S PAID BY ERCOT.
WELL, ALL OF THAT AND IT'S COST ARE THEREFORE GO AGAINST THAT SEPARATE FROM WHAT GOES ON TO THE CUSTOMER BILL.
IS THAT RIGHT? THEY'RE, THEY'RE NETTED.
THERE, THERE'S NO DOUBLE COUNTING.
IF THE NOTION IS IS WELL, ARE OUR CUSTOMERS PAYING FOR OUR TRANSMISSION ASSETS? AND, AND THE ANSWER IS NO, THAT THAT'S RECOVERED THROUGH, THROUGH OUR TCOS, BUT YOU AE MAKES JUST LIKE EVERY OTHER TRANSMISSION KNOWN OR ERCOT A FAIR RATE OF RETURN SET BY THE PUC, RIGHT? ABSOLUTELY.
SO YOU DO YOU BORROW MONEY, I GUESS FLOAT BONDS TO GO INVEST IN IT AFTER YOU GET A CCN FROM THE PUC AND AFTER ERCOT AGREES THAT YOU NEED IT? RIGHT.
IT'S A MATTER OF, OKAY, YOU'RE MAKING WHATEVER THEY NINE 10% ON THAT CAPITAL THAT YOU'VE INVESTED, AND THEN WHERE DOES THAT MONEY GO? I GUESS IT'S PART OF THE TRANSFER GENERAL FUNDS TRANSFER.
THAT MONEY THEN COMES INTO OUR COFFERS AND HELPS OFFSET THOSE COSTS.
SO IT'S A, IT'S PROFITABLE JUST AS IT IS FOR OTHER TRANSMISSION OWNERS.
AND IT HELPS REDUCE THE COST FOR OTHER AE OR ALL AE CUSTOMERS.
SORRY RUSTY, I HAD ONE MORE UM SURE QUESTION, WHICH WAS, WHAT YOU'RE NOT SHOWING IN HERE IS THE GENERAL FUND TRANSFER, BUT THAT'S, THAT'S A POLICY THAT'S SET BY CITY COUNCIL.
SO THEY DECIDE IT'S GONNA BE 12.5% OR
[00:30:01]
IT'S GONNA BE 120 MILLION OR WHATEVER THE RIGHT, THE AMOUNT IS.BUT SO THEN THAT MEANS, AND, AND THAT GENERAL FUND TRANSFER, WHERE DO WE GET THE MONEY THAT IT, DOES THAT COME OUT OF BASE RATES? IS THAT BASICALLY BASE RATES PAYS FOR THAT GENERAL FUND TRANSFER? IT, IT WILL UP UNTIL 2026.
AND, AND, AND PART OF THE BUDGET STUFF THAT I BROUGHT TO YOU SAID THAT REGULATORY AND EES AND SERVICE AREA LIGHTING, WE'RE GONNA, WE'RE GONNA PAY FOR THOSE COSTS, SO THE REVENUE THAT'S GENERATED FROM THEM AND THE ASSOCIATED GFT WILL BE BAKED INTO THAT RATE BECAUSE IT'S, IT'S A COST OF THAT FUNCTION.
SO WE'RE NOW SPREADING, WE'RE BASICALLY SPREADING THE COST OF THE GENERAL FUND TRANSFER TO THE, TO SOME OF THE OTHER CHARGES.
RIGHT? THEY, THEY, IT'S, IT'S A COST CAUSATION PRINCIPLE.
AND IS THAT SOMETHING, WHEN YOU GUYS DO GO THROUGH A FULL RATE CASE, IS THAT SOMETHING THAT WOULD BE LOOKED AT AGAIN OR POTENTIALLY WELL, THE GENERAL FUND TRANSFER, JUST LIKE ANY OTHER COST THAT WE INCUR WOULD BE, WOULD BE EVALUATED.
BUT JUST JUST NOTE THAT THERE'S A FINANCIAL POLICY THAT DICTATES HOW MUCH GENERAL FUND TRANSFER WE PAY AND WE ABIDE BY THAT FINANCIAL POLICY.
RIGHT? WHICH AGAIN, IS SET BY CITY COUNCIL.
WHAT, WHAT'S THE APPROPRIATE LEVEL OF GENERAL FUND TRANSFER CITY COUNCIL APPROVES ALL OUR FINANCIAL POLICIES.
SO I HAVE ONE MORE, ONE MORE SLIDE.
SO WE'VE TALKED ABOUT BASE RATES, POWER SUPPLY, REGULATORY.
SO WHAT DOES THAT LOOK LIKE WHEN I GET MY BILL? RIGHT? SO YOU SEE THE DOTTED HORIZONTAL LINE, THE, THE STUFF ABOVE THAT LINE OR BASE RATES.
AND SO LIKE IF YOU LOOK AT YOUR BILL, RIGHT, YOU GET A CUSTOMER CHARGE, YOU GET TIERED, TIERED CHARGES.
THAT'S BASE RATE REVENUE, THAT'S BASE RATES THAT GO TO PAY POLES, WIRES, TRANSFORMERS BELOW THIS LINE ARE PASS THROUGHS AND YOU'LL RECOGNIZE, UH, THE COST THAT WE, OR THE CHARGES WE TALKED ABOUT, REGULATORY COMMUNITY BENEFIT, REMEMBER THAT'S SAL EES AND CAP THE POWER SUPPLY ADJUSTMENT.
NOW YOU'LL SEE TWO LINES FOR POWER SUPPLY ADJUSTMENT.
THAT'S BECAUSE, WHAT IS IT? PROBABLY TWO YEARS AGO, CITY COUNCIL ALLOWED US, GAVE US THE AUTHORITY TO CHANGE THE PSA UP TO 5% ON A MONTHLY BASIS.
BUT FOR TRANSPARENCY AND TO TIE BACK TO THE TARIFFS THAT WE FILE ANNUALLY, YOU'LL SEE THAT, THAT THE POWER SUPPLY, UH, STARTS AT LIKE IN THIS INSTANCE AT 5.1%, 5.10 CENTS, BUT WE ADJUST IT PERIODICALLY DURING THE YEAR.
AND THOSE ADJUSTMENTS THEN ARE REFLECTED IN THAT SECOND LINE.
SO YOU CAN SEE IN THIS BILL THAT, UH, THE POWER SUPPLY COST IS $45 AND 77 CENTS, AND THEN AS WE HAVE MADE THOSE ADJUSTMENTS DOWN, IT CREATES A $10 CREDIT.
SO THE NET POWER SUPPLY IS $35.
ANY QUESTIONS ON THIS? YES, SIR.
YEAH, RUSTY, THE, UH, YOU'RE ADJUSTING THE POWER SUPPLY ADJUSTMENT EVERY MONTH.
WE, WE HAVE, WITH THE ABILITY TO ADJUST IT BY 5% PLUS OR MINUS EVERY MONTH.
BUT YOU'RE, YOU'RE ALSO CARRYING LARGE AMOUNTS BETWEEN THE SEASONS.
LIKE I, I BELIEVE, IF I REMEMBER CORRECTLY, YOU YOU, IT BUILDS UP IN THE SPRING AND THEN YOU USE IT DURING TO HELP PAY FOR THE EXTRA COST IN THE SUMMER AND SO FORTH.
SO YOU DON'T NECESSARILY ADJUST, YOU DON'T NECESSARILY TRY TO BALANCE THE BOOKS EVERY MONTH.
YOU'RE, YOU'RE, THIS ADJUSTMENT HERE IS A CORRECTION FACTOR TO THE, TO THE BIGGER PICTURE.
IS THAT CORRECT? THE WIND, BECAUSE ONE OF THE OBJECTIVES IS TO CREATE NICE STABLE RATES MM-HMM
AND SO WE DO TRY TO MANAGE TO THE BEST OF OUR ABILITY, THOSE OVER UNDER COLLECTIONS, THROUGH THAT CYCLICAL, CYCLICAL PROCESS AND THEN ADJUST, ADJUST FROM THERE.
FOR EXAMPLE, WE ARE JUST NOW CONCLUDING, WELL NOT, WE'RE IN SEPTEMBER AND SO THIS IS THE LAST MONTH OF WHAT, WHAT'S CONSIDERED THE
[00:35:01]
SUMMER MONTHS WHERE BILLS TEND TO BE HIGHER AND MORE ERRATIC.AND SO WE'VE GOT AN OVER RECOVERY, WE'LL TRY TO GET THROUGH THIS PERIOD THROUGH THE SUMMER PERIOD BY ABOUT OCTOBER OR SO.
WE'LL FIGURE OUT HOW WE DID, UH, IN SEPTEMBER AND THEN WE'LL START MAKING ADJUSTMENTS FROM THERE.
UM, RESIDENTIAL SALES TAX,
UM, SO DO PEOPLE OUTSIDE THE CITY NOT PAY IT, BUT PEOPLE DO OR YOU, YOU KNOW, THAT'S AN INTERESTING QUESTION AND I CAN'T, WELL, DO YOU KNOW STEPH
THANK YOU STUART FOR PROMPTING THIS QUESTION FOR THE RESEARCH.
UM, THE 1%, UM, CITY SALES TAX IS CHARGED ON A RESIDENTIAL ELECTRICITY CONSUMPTION.
SO THAT IS AN OPT-IN OR OPT OUT FOR, UH, BY CITY.
AND THE CITY OF AUSTIN DOES IMPOSE 1% ON OUR RESIDENTIAL CUSTOMERS, THE LOCAL SALES TAX.
SO THAT'S FOR CUSTOMERS INSIDE THE CITY BECAUSE THEY CAN'T PUT THAT ON CUSTOMERS OUTSIDE THE CITY LIMITS.
I DON'T KNOW ABOUT THE DISTINCTION BETWEEN INSIDE OUTSIDE, BUT I CAN GET BACK TO YOU ON THAT.
THIS IS LIKELY AN INSIDE CITY CUSTOMER EXAMPLE.
DOESN'T HAVE ANYTHING THERE THOUGH, I DON'T THINK.
ON THAT ONE, THE LINE TAXABLE, THEN IT SAYS TAX DOWN THERE AT THE BOTTOM, THERE'S A DOLLAR DOLLAR 12 IMPOSED ON THIS CUSTOMER.
LOOKING AT RESIDENTIAL SALES TAX LINE BEING BLANK, BUT THAT'S, OH, I THINK THAT'S THE HEADER FOR THE TAXABLE AMOUNT AND THE 1% IMPOSED ON THAT.
SORRY, I MISSED YOUR, THE, THE POINT OF THE SLIDE OF THE QUESTION, BUT, AND ELECTRICITY IN, IN TEXAS IS EXEMPT FROM STATE SALES TAX, RIGHT.
FOR RESIDENTIAL CUSTOMERS, OUR CUS OUR COMMERCIAL CUSTOMERS DO PAY THE 6.25 STATE TAX.
8.25 TOTAL, BUT THE OTHER 2% IS LOCAL.
SO YEAH, INTERESTINGLY I DON'T HAVE THAT LINE ITEM ON MY BILL.
UM, DO YOU WANT TO PAY MORE DAVE? NO, THANK YOU.
I CAN LOOK AT YOUR ACCOUNT
SO EXCUSE ME, LET'S TALK ABOUT THAT TAXABILITY BECAUSE I, I CHARGED MY CAR ONE TIME OFF OF I 35.
I DON'T KNOW WHOSE SERVICE TERRITORY IT WAS, BUT IT WAS AN OUTRAGEOUS SALES TAX O ON TOP OF AN OUTRAGEOUS PRICE PER KILOWATT HOUR FOR CHARGING.
AND SO FOR SOME REASON, EV CHARGING ELECTRICITY IS WE DON'T CHARGE ELECTRICITY WHEN YOU CHARGE RIGHT OVER THERE NEXT TO HEB AND MUELLER FOR EV CHARGE DC FAST CHARGING.
DO WE? YEAH, THERE IS, THERE'S AN EV CHARGE.
SO IT'S, IT'S LIKE IF YOU'RE AN HEB PARKING LOT, IT'S ROLLED UP INTO THE HEB BILL.
I DON'T KNOW IF THEY ASSESS YOU A CHARGE.
THEY'LL PAY FOR IT BECAUSE THEY'RE A COMMERCIAL ACCOUNT.
THEY'LL PAY FOR IT BECAUSE IT'S METERED THROUGH THEIR, THEIR MASTER METER.
ALL RIGHT, ANY OTHER QUESTIONS? OH, MY FAVORITE SLIDE.
WE ARE CUSTOMER DRIVEN AND COMMUNITY FOCUSED.
BEFORE YOU GET OFF STAGE, ANY QUESTIONS FROM ONLINE? NO.
UM, WELL, UM, I WAS CURIOUS RIGHT NOW, TOMORROW THERE ARE QUESTIONS, UM, DUE TO THE PUC ON PEOPLE'S OPINION ABOUT THE RIGHT WAY TO ALLOCATE TRANSMISSION COSTS.
DOES AUSTIN ENERGY HAVE AN OFFICIAL POSITION ON WHETHER THE ERCOT STAMP POSTAGE FOUR CP METHOD? UM, MAKES SENSE TODAY.
UH, I'VE ALREADY SAID WE ARE CUSTOMER DRIVEN AND COMMUNITY FOCUSED.
UH, TAMMY COOPER, OR EXCUSE ME, COMMISSIONER REED.
[00:40:01]
UH, PARTICIPATING IN THAT RULEMAKING COMMENT THROUGH THE TEXAS PUBLIC POWER ASSOCIATION.UM, THAT'S TYPICALLY GOT HOW WE PARTICIPATE IN RULEMAKINGS AT THE PUC.
OTHER QUESTIONS? WELL THANK ALL OF YOU.
OKAY, NOTHING MORE ON THAT FUTURE
[FUTURE AGENDA ITEMS]
AGENDA ITEMS. UH, JUST A COUPLE NOTES.UM, NEXT MEETING WILL BE ON OCTOBER 20TH, ONE WEEK LATER THAN NORMAL.
SECONDLY, WE'RE GONNA HAVE A, THE SOLAR POWER LA LATA WHERE YOU HAVE EVERYTHING AE HAS TO DO WITH SOLAR.
YOU WANT TO MORE FULLY DESCRIBE THAT FOR ME.
I DON'T HAVE ANY ADDITIONAL DETAILS AT THIS POINT, BUT YES, WE PLAN ON DISCUSSING SOLAR.
HAVING A BRIEFING AT THE OCTOBER 20TH MEETING.
LOOKS LIKE A THREE DAY FESTIVAL.
UH, KABA, YOU HAVE YOUR HAND UP? YEAH.
UM, I THINK I BROUGHT THIS UP A WHILE AGO, BUT, UM, YEAH, WE'D JUST LIKE TO REFRESH THE REQUEST TO GET A PRESENTATION, UH, ON THE LINE EXTENSION POLICY.
AND IN PARTICULAR, I'M INTERESTED, I MEAN I, I WOULD LIKE US TO GET A FULL BRIEF, BUT INCLUDING HOW IT AFFECTS CUSTOMERS THAT MIGHT BE DOING SOLAR OR BATTERIES OR ANYTHING ELSE LIKE THAT.
IS THAT SOMETHING WE CAN GET SCHEDULED? IT'S BEEN RECORDED THE FIRST TIME YOU ASKED IT AND I'LL PUT IT DOWN AS A SECOND TIME AND WE'LL FOLLOW UP.
IS THERE AN ISSUE WITH THIS? JUST LIKE, I MEAN IF THERE IS I'D LOVE TO HEAR WHAT IT IS.
ANY OTHER QUESTIONS, COMMENTS ABOUT FUTURE AGENDA ITEMS? OKAY, I THINK WE'RE DONE WITH THAT.
I DON'T THINK THERE'S ANY OTHER BUSINESS.
SO WITH THAT, LET'S ADJOURN AT 6 47.
LISTEN TO MY SONG AND IF YOU WANT SING ALONG.
IT'S ABOUT WHERE I SOMETIMES FOREIGN.