Background
The Kerr-Philpott system consists of the John H. Kerr and Philpott projects developed by the U.S. Army Corps of Engineers primarily as multi-purpose storage projects for flood control and power. The operations of the projects also provide benefits for water supply, fish and wildlife preservation, recreation and navigation. Collectively, the projects provide 3 million-acre feet of flood control storage and 106 miles of navigation channel. The combined total installed nameplate capacity of the projects is 218 megawatts, which generate an average of 465,000 megawatt-hours annually under normal operating conditions.
Rate Schedules
Annual True-Up Adjustment
Rate Schedules for the Kerr-Philpott System provide for an annual adjustment to capacity and energy rates based on the variance of the actual cumulative net revenue available for repayment from the planned cumulative net revenue available for repayment. The annual adjustment is to be implemented on April 1 of the next fiscal year.
Please see link below for the true-up adjustment effective April 1, 2026.