Schedule I-1 Page 1 of 3 Sponsor: Freitas Case No UT

Transcription

1 Schedule I1 Page 1 of 3 Case UT Balance Sheet (4) 1 Utility Plant 2 Utility Plant $ 6,115,284,102 $ 6,869,655,152 $ 754,371,050 3 Construction Work In Progress 277,974,080 (277,974,080) 4 Total Utility Plant $ 6,393,258,182 $ 6,869,655,152 $ 476,396,970 5 (Less) Accum. Prov. For Depr., Amort. & Depl. $ 2,084,397,955 $ 2,398,037,564 $ 313,639,609 6 Net Utility Plant $ 4,308,860,227 $ 4,471,617,588 $ 162,757,361 7 Other Property and Investments 8 Nonutility Plant $ 4,429,030 $ 4,429,030 $ 9 (Less) Accum. Prov. For Depr. and Amort. 281, , Investments in Assoc. Companies 11 Investments in Subsidiary Companies 12 Noncurrent Portion of Allowances 13 Other Investments 1,174,332 1,174, Special Funds 15 LongTerm Portion of Derivative Instrument Assets 23,692,130 23,692, Total Other Property and Investments $ 29,013,871 $ 29,013,871 $ 17 Current and Accrued Assets 18 Cash $ $ $ 19 Special Deposits 20 Working Fund 101, , Temporary Cash Investments 515, , Notes Receivable 23 Customer Accounts Receivable 59,786,593 59,786, Other Accounts Receivable 34,590,552 34,590, (Less) Accum. Prov. For Uncollectible Acct. Credit 5,864,084 5,864, Notes Receivable from Associated Companies 27 Accounts Receivable from Associated Companies 1,234,522 1,234, Fuel Stock 6,131,853 9,907,790 3,775, Fuel Stock Expenses Undistributed 30 Residuals (Elec) and Extracted Products 31 Plant Materials and Operating Supplies 21,593,083 21,028,014 (565,069) 32 Merchandise 266, , Other Materials and Supplies 34 Nuclear Materials Held for Sale 35 Allowances 3,665, (3,664,353) 36 (Less) Noncurrent Portion of Allowances 37 Stores Expense Undistributed 38 Prepayments 18,214,755 2,308,328 (15,906,427) 39 Advances for Gas 40 Interest and Dividends Receivable 150, , Rents Receivable 556, , Accrued Utility Revenues 129,471, ,471, Miscellaneous Current and Accrued Assets 44 Derivative Instrument Assets 30,287,732 30,287, (Less) LongTerm Portion of Derivative Instrument Assets 23,692,130 23,692, Total Current and Accrued Assets $ 277,010,809 $ 260,650,897 $ (16,359,912)

2 Schedule I1 Page 2 of 3 Case UT Balance Sheet (4) 47 Deferred Debits 48 Unamortized Debt Expenses $ 11,559,987 $ 11,559,987 $ 49 Extraordinary Property Losses 50 Unrecovered Plant and Regulatory Study Costs 51 Other Regulatory Assets 318,885, ,978,447 (107,906,931) 52 Prelim. Survey and Investigation Charges (Electric) 53 Prelim. Survey and Investigation Charges (Gas) 54 Clearing Accounts (15,813) (15,813) 55 Temporary Facilities 56 Miscellaneous Deferred Debits 17,902,091 3,070,920 (14,831,171) 57 Def. Losses from Disposition of Utility Plant 58 Research, Develop and Demonstration Expenditures 59 Unamortized Loss on Reacquired Debt 2,051,205 2,051, Accumulated Deferred Income Taxes 222,416,807 91,474,628 (130,942,179) 61 Unrecovered Purchased Gas Costs 62 Total Deferred Debits $ 572,799,655 $ 319,119,373 $ (253,680,282) 63 Total Assets and Other Debits $ 5,187,684,562 $ 5,080,401,730 $ (107,282,832) 64 Proprietary Capital 65 Common Stock Issued $ 100 $ 100 $ 66 Preferred Stock Issued 67 Capital Stock Subscribed 68 Stock Liability for Conversion 69 Premium on Capital Stock 1,380,256,328 1,293,641,728 (86,614,600) 70 Other Paidin Capital 25,000,000 25,000, Installments Received on Capital Stock 72 (Less) Discount on Capital Stock 73 (Less) Capital Stock Expense 9,033,435 9,033, Retained Earnings 447,708, ,708, Unappropriated Undistributed Subsidiary Earnings 76 Other Comprehensive Income (1,172,751) (1,172,751) 77 (Less) Reacquired Capital Stock 78 Total Proprietary Capital $ 1,842,758,750 $ 1,756,144,150 $ (86,614,600) 79 LongTerm Debt 80 Bonds $ 750,000,000 $ 750,000,000 $ 81 (Less) Reacquired Bonds 82 Advances from Associated Companies 83 Other LongTerm Debt 800,000, ,044,935 (52,955,065) 84 Unamortized Premium on LongTerm Debt 9,778,303 9,778, (Less) Unamortized Discount on LongTerm DebtDebit 9,040,854 9,040, Total LongTerm Debt $ 1,550,737,449 $ 1,497,782,384 $ (52,955,065) 87 Other Noncurrent Liabilities 88 Obligations Under Capital LeasesNoncurrent $ $ $ 89 Accumulated Provision for Property Insurance 90 Accumulated Provision for Injuries and Damages 223, , Accumulated Provision for Pensions and Benefits 74,199,518 52,914,535 (21,284,983) 92 Accumulated Miscellaneous Operating Provisions 1,059, ,942 (122,966) 93 Accumulated Provision for Rate Refunds 290, , LongTerm Portion of Derivative Instrument Liabilities 25,295,647 25,295, LongTerm Portion of Derivative Instrument Liab. Hedges 96 Asset Retirement Obligation 27,948,576 27,948, Total Other Noncurrent Liabilities $ 129,018,083 $ 107,610,134 $ (21,407,949)

3 Schedule I1 Page 3 of 3 Case UT Balance Sheet (4) 98 Current and Accrued Liabilities 99 Notes Payable $ 25,000,000 $ 25,000,000 $ 100 Accounts Payable 163,789, ,789, Notes Payable to Associated Companies 100,000, ,000, Accounts Payable to Associated Companies 13,073,589 13,073, Customer Deposits 9,482,687 9,473,105 (9,582) 104 Taxes Accrued 25,792,615 25,792, Interest Accrued 17,263,760 17,263, Dividends Declared 19,387,900 19,387, Matured LongTerm Debt 108 Matured Interests 109 Tax Collections Payable 4,762,046 4,762, Miscellaneous Current and Accrued Liabilities 2,754,188 2,754, Obligations Under Capital LeasesCurrent 112 Derivative Instrument Liabilities 28,860,373 28,860, Liabilities 25,295,647 25,295, Derivative Instrument Liabilities Hedges 115 (Less) LongTerm Portion of Derivative Instr. Liab. Hedges 116 Total Current and Accrued Liabilities $ 384,870,883 $ 384,861,301 $ (9,582) 117 Deferred Credits 118 Customer Advances for Construction $ 6,542 $ 6,542 $ (0) 119 Accumulated Deferred Investment Tax Credits 448, , Deferred Gains from Disposition of Utility Plant 121 Other Deferred Credits 14,598,577 14,598, Other Regulatory Liabilities 112,314,046 15,951,437 (96,362,609) 123 Unamortized Gain on Reacquired Debt 124 Accumulated Deferred Income Taxes 1,152,931,535 1,302,998, ,066, Total Deferred Credits $ 1,280,299,397 $ 1,334,003,761 $ 53,704, Total Liabilities and Other Credits $ 5,187,684,562 $ 5,080,401,730 $ (107,282,832) (c) Explanation of Adjustments The information presented in the I Series Schedules is directly from SPS's 2016 Second Quarter FERC Form 3. This amount reflects the total of lines 62 through 64 on the FERC Form 3. Adjusted to match the amount included in the cost of service. See Note 4. Adjusted in order to balance the. See Note 4. (4) items on this schedule that are included in the cost of service reflect amounts from corresponding items in the cost of service. However, most of the line items on this schedule are not present in the cost of service, including the entire equity section of this schedule. Because the cost of service does not include all balance sheet items, certain liability balances were also adjusted for the Test Year column in order to balance the assets and liabilities of the balance sheet. For this schedule, all other balances in the Test Year column reflect those in the column. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of cost of service adjustments. (5) Neither the Adjusted nor cost of service will directly tie to the financial information presented in the I Series Schedules because certain accounting and regulatory adjustments are made to the cost of service studies that are not reflected in these schedules. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of these cost of service adjustments.

4 Schedule I2 Page 1 of 2 Case UT Income Statement 1 Utility Operating Income 2 Operating Revenues $ 1,740,086,272 $ 1,112,629,867 $ (627,456,405) 3 Utility Operating Expenses 4 Operation Expenses $ 1,165,158,965 $ 560,814,893 $ (604,344,072) 5 Maintenance Expenses 69,871,788 71,052,652 1,180,864 6 Depreciation Expenses 135,439, ,896,513 47,457,200 7 Depreciation Expenses for Asset Retirement Obligation (136,579) 136,579 8 Amortization & Depletion of Utility Plant 16,093,903 26,665,864 10,571,961 9 Amortization of Utility Plant Acq. Adjustment Amort. of Property Losses, Unrecovered Plant and 10 Regulatory Study Costs 11 Amortization of Conversion Expenses 12 Regulatory Debits 4,234,490 (4,234,490) 13 (Less) Regulatory Credits 2,281,575 (2,281,575) 14 Taxes Other Than Income Taxes 59,085,217 66,769,648 7,684, Income Taxes Federal (36,117,922) (41,522,943) (5,405,021) 16 Income Taxes Other 2,658,574 (7,438,450) (10,097,024) 17 Provision for Deferred Income Taxes 245,804,965 94,656,300 (151,148,665) 18 (Less) Provision for Deferred Income Taxes 131,537,601 (131,537,601) 19 Investment Tax Credit Adj. Net (148,847) (212,786) (63,939) 20 (Less) Gains from Disposition of Utility Plant 21 Losses from Disposition of Utility Plant 22 (Less) Gains from Disposition of Allowances 23,981 5,426 (18,555) 23 Losses from Disposition of Allowances 999,329 0 (999,329) 24 Accretion Expense 1,416,564 (1,416,564) 25 Total Utility Operating Expenses $ 1,530,516,603 $ 953,676,265 $ (576,840,338) 26 Net Utility Operating Income $ 209,569,669 $ 158,953,602 $ (50,616,067) 27 Other Income and Deductions 28 Other Income 29 Nonutility Operating Income 30 Revenues from Merchandising, Jobbing and Contract Work $ $ $ 31 (Less) Costs and Exp. Of Merch., Jobbing and Contr. Work 32 Revenues from Nonutility Operations 243, , (Less) Expenses of Nonutility Operations 209, , Nonoperating Rental Income 35 Equity in Earnings of Subsidiary Companies 36 Interest and Dividend Income 257, , Allowance for Other Funds Used During Construction 8,601,046 8,601, Miscellaneous Nonoperating Income 42,730 42, Gain on Disposition of Property 5,343,179 5,343, Total Other Income $ 14,278,099 $ 14,278,099 $ 41 Other Income Deductions 42 Loss on Disposition of Property $ $ $ 43 Miscellaneous Amortization 44 Miscellaneous Income Deductions 1,873,745 1,873, Total Other Income Deductions $ 1,873,745 $ 1,873,745 $ 46 Taxes Applicable to Other Income and Deductions 47 Taxes Other Than Income Taxes $ 29,879 $ 29,879 $ 48 Income Taxes Federal 1,459,886 1,459, Income Taxes Other 71,015 71, Provision for Deferred Income Taxes 3,984,938 3,984, (Less) Provision for Deferred Income Taxes Cr. 3,971,265 3,971, Investment Tax Credit Adj. Net 53 (Less) Investment Tax Credits 54 Total Taxes on Other Income and Deductions 1,574,453 1,574, Net Other Income and Deductions $ 10,829,901 $ 10,829,901 $

5 Schedule I2 Page 2 of 2 Case UT Income Statement Interest Charges 58 Interest on LongTerm Debt $ 82,518,884 $ 82,518,884 $ 59 Amortization of Debt Discount and Expense 1,308,988 1,308, Amortization of Loss on Reacquired Debt 1,093,210 1,093, (Less) Amortization of Premium on Debt Credit 62 (Less) Amortization of Gain on Reacquired Debt Credit 63 Interest on Debt to Associated Companies 278, , Other Interest Expense 1,042,540 1,042, (Less) Allow. for Borrowed Funds Used During Constr. Cr. 5,016,625 5,016, Net Interest Charges $ 81,225,114 $ 81,225,114 $ 67 Income Before Extraordinary Items $ 139,174,456 $ 88,558,389 $ (50,616,067) 68 Extraordinary Items 69 Extraordinary Income $ $ $ 70 (Less) Extraordinary Deductions 71 Net Extraordinary Items 72 Income Taxes Federal and Other 73 Extraordinary Items After Taxes $ $ $ 74 Net Income $ 139,174,456 $ 88,558,389 $ (50,616,067) (c) Explanation of Adjustments The information presented in the I2 Schedule is derived by utilizing SPS's 2015 FERC Form 1 annual results, minus the first s months 2015 results (Column (d) on SPS's 2016 Second Quarter FERC Form 3), plus the first six months 2016 results (Column (c) on SPS's 2016 Second Quarter FERC Form 3). SPS does not have the detail to split deferred income taxes between Accounts and in the. Adjusted to match the amount included in the Cost of Service. See Note 3. items on this schedule that are included in the cost of service reflect amounts from corresponding items in the cost service. However, most of the line items on this schedule are not present in the cost of service, including the nonutility items. For this schedule, all other balances in the column reflect those in the column. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of cost of service adjustments. (4) Neither the Adjusted nor cost of service will directly tie to the financial information presented in the I Series Schedules because certain accounting and regulatory adjustments are made to the cost of service studies that are not reflected in these schedules. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of these cost of service adjustments.

6 Schedule I3 Page 1 of 2 Case UT Statement of Changes in Financial Position 1 Net Cash Flow from Operating Activities 2 Net Income $ 139,174,456 $ 88,558,389 $ (50,616,067) 3 Noncash Charges (Credits) to Income 4 Depreciation and Depletion $ 136,761,923 $ 182,896,513 $ 46,134,590 5 Amortization of Premium, Discount & Debt Expense 2,402,198 2,402,198 6 Amortization of Regulatory Assets & Liabilities 2,789,588 2,789,588 7 Amortization of Software and Other 16,093,903 26,665,864 10,571,961 8 Deferred Income Taxes, Net 114,281,037 94,656,300 (19,624,737) 9 Investment Tax Credit Adjustment, Net (148,847) (212,786) (63,939) 10 Net (Increase) Decrease in Receivables 18,702,935 18,702, Net (Increase) Decrease in Inventory (2,651,666) (2,651,666) 12 Net (Increase) Decrease in Allowances Inventory 3,449,640 3,449, Net (Increase) Decrease in Payables and Accrued Expenses 2,585,611 2,585, Net (Increase) Decrease in Other Regulatory Assets 18,534,507 18,534, Net (Increase) Decrease in Other Regulatory Liabilities (26,661,001) (26,661,001) 16 (Less) Allowance for Other Funds Used During Construction 8,601,046 8,601, (Less) Undistributed Earnings from Subsidiary Companies 18 Change in Accrued Utility Revenues (11,111,563) (11,111,563) 19 Change in Other Current Assets and Liabilities (34,720,777) (34,720,777) 20 Net Realized and Unrealized Hedging and Derivative Transactions (3,557,693) (3,557,693) 21 Change in Other Noncurrent Liabilities and Deferreds (23,548,272) (23,548,272) 22 Net Cash Provided by (Used In) Operating Activities $ 343,774,933 $ 330,176,741 $ (13,598,192) 23 Cash Flows from Investment Activities: 24 Construction and Acquisition of Plant (Including Land): $ $ $ 25 Gross Additions to Utility Plant 26 Gross Additions to Common Utility Plant (582,550,483) (754,371,050) (171,820,567) 27 Gross Additions to Nonutility Plant 28 (Less) Allowance for Other Funds Used During Construction (8,601,046) (8,601,046) 29 Other: Proceeds from Insurance Recoveries 986, , Cash Outflows for Plant $ (572,962,862) $ (744,783,429) $ (171,820,567) 31 Other: Miscellaneous Investing Activities $ (1,174,332) $ (1,174,332) 32 Proceeds from Sale of Transmission Assets 3,135,679 3,135, Investments in Utility Money Pool (83,000,000) (83,000,000) $ 34 Repayments to Utility Money Pool 83,000,000 83,000, Net Cash Provided by (Used In) Investing Activities $ (571,001,515) $ (742,822,082) $ (171,820,567)

7 Schedule I3 Page 2 of 2 Case UT Statement of Changes in Financial Position 36 Cash Flows from Financing Activities 37 Proceeds from the Issuance of: 38 LongTerm Debt $ 198,495,999 $ 198,495,999 $ 39 Preferred Stock 40 Common Stock 41 Other: Capital Contribution from Parent 196,225,196 (86,614,600) (282,839,796) 42 Net Increase in ShortTerm Debt (162,000,000) (162,000,000) 43 Other: Borrowings from Utility Money Pool Arrangement 807,000, ,000, Other: Borrowings to Utility Money Pool Arrangement 45 Cash Provided by Outside Sources $ 1,039,721,195 $ 756,881,399 $ (282,839,796) 46 Payment for Retirement of: 47 LongTerm Debt $ 85,500 $ 85,500 $ 48 Preferred Stock 49 Common Stock 50 Other: 51 Net Decrease in ShortTerm Debt (22,000,000) (22,000,000) 52 Other: Repayments under Utility Money Pool Arrangement (707,000,000) (707,000,000) 53 Dividends on Preferred Stock 54 Dividends on Common Stock (85,559,600) (85,559,600) 55 Net Cash Provided by (Used In) Financing Activities $ 225,247,095 $ (57,592,701) $ (282,839,796) 56 Net Decrease in Cash and Cash Equivalents $ (1,979,487) $ (470,238,042) $ (468,258,555) 57 Cash and Cash Equivalents at Beginning of Period $ 2,596,557 $ 617,070 $ (1,979,487) 58 Cash and Cash Equivalents at End of Period $ 617,070 $ (469,620,972) $ (470,238,042) (c) Explanation of Adjustments The information presented in the I3 Schedule is derived by utilizing SPS's 2015 FERC Form 1 annual results, minus the first six month 2015 results (Column (c) on SPS's 2016 Second Quarter FERC Form 3), plus the first six months 2016 results (Column on SPS's 2016 Second Quarter FERC Adjusted to match the Net Income calculated for the in Schedule I2. See Note 3. Adjusted to match the amount included in the Cost of Service. See Note 3. items on this schedule that are included in the cost of service reflect amounts from corresponding items in the cost of service. However, most of the line items on this schedule are not present in the cost of service, including the entire equity section. For this schedule, all other balances in the column reflect those in the column. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of cost of service (4) Neither the Adjusted nor cost of service will directly tie to the financial information presented in the I Series Schedules because certain accounting and regulatory adjustments are made to the cost of service studies that are not reflected in these schedules. Please refer to the testimony of SPS's witness Arthur P. Freitas for explanations of these cost of service adjustments.