I=PL. <?? (Jl --. { February 15, 2015
|
|
- Marcia Hart
- 5 years ago
- Views:
Transcription
1 Florida Power & Light Company, 7 Universe Blvd, Juno Beach FL I=PL February 15, 215 Mr. Bart Fletcher Public Utilities Supervisor Division of Accounting and Finance Florida Public Service Commission 254 Shumard Oak Blvd. Tallahassee, FL Dear Mr. Fletcher: Enclosed is Florida Power & Light Company's Rate of Return Surveillance Report to the Florida Public Service Commission for December 214. This report was prepared using a thirteen month average and year-end rate base and adjustments consistent with Docket No EI, Order No. PSC S-EI. The required rate of return was calculated using the return on common equity as authorized in the aforementioned docket and order. The return on common equity is 11.5%. This report was prepared consistent with the guidelines provided in Commission Form PSC/AFA 14. Sincerely, Kimberly Ousdahl Vice President, Controller and Chief Accounting Officer c. Enclosures Copy: J. R. Kelly, Office of Public Counsel..., ' '. 'i ') ]? <?? (Jl co.. ~ ' ~ "" --. { -~~
2 EARNINGS SURVEILLANCE REPORT SUMMARY DECEMBER, 214 SCHEDULE 1: PAGE 1 OF 1 ACTUAL PER BOOKS FPSC ADJUSTMENTS FPSC ADJUSTED PROFORMA ADJUSTMENTS PRO FORMA ADJUSTED I. AVERAGE RATE OF RETURN (JURISDICTIONAL\ NET INCOME 1,97,469,85 (A) (162,375,71) (B) 1,745,94,734 13,431,124 RATE BASE 25,166,268, ,733,125 25,635,1,458 AVERAGE RATE OF RETURN 7.58% 6.81% II. YEAR END RATE OF RETURN (JURISDICTIONAL\ NET INCOME 1,97,469,85 (A) (158,851,587) (B) 1,748,618,218 13,431,124 1 '758,525,857 25,635,1, % 1 '762,49,341 RATE BASE 25,978,256, ,816,794 26,472,73,575 26,472,73,575 YEAR END RATE OF RETURN 7.34% 6.61% 6.66% (A) INCLUDES AFUDC EARNINGS (B) INCLUDES REVERSAL OF AFUDC EARNINGS Ill. REQUIRED RATES OF RETURN AVERAGE CAPITAL STRUCTURE (FPSC ADJUSTED BASIS) LOW 5.88% MIDPOINT 6.34% HIGH 6.81% IV. FINANCIAL INTEGRITY INDICATORS A. TIMES INTEREST EARNED WITH AFUDC 6.38 (SYSTEM PER BOOKS BASIS) B. TIMES INTEREST EARNEEl WITHOUT AFUDC 6.27 (SYSTEM PER BOOKS BASIS) C. AFUDC AS PERCENT OF NET INCOME 2.94% (SYSTEM PER BOOKS BASIS) D. PERCENT OF CONSTRUCTION GENERATED INTERNALLY 64.75% (SYSTEM PER BOOKS BASIS) E. LTD TO INVESTOR FUNDS 38.56% (FPSC ADJUSTED BASIS) F. STD TO INVESTOR FUNDS 1.42% (FPSC ADJUSTED BASIS) G. RETURN ON COMMON EQUITY (AVERAGE) 11.5% (FPSC ADJUSTED) H. RETURN ON COMMON EQUITY 11.61% (PROFORMA ADJUSTED) NOTE: THIS REPORT HAS BEEN PREPARED USING A THIRTEEN MONTH AVERAGE AND END OF PERIOD RATE BASE AND ADJUSTMENTS CONSISTENT WITH DOCKET NO EI, ORDER NO. PSC S-EI. THIS REPORT DOES NOT NECESSARILY REPRESENT THE OPINION OF THE COMPANY AS TO THE ACTUAL EARNED RATE OF RETURN FOR THE PERIOD COVERED. I AM AWARE THAT SECTION 837.6, FLORIDA STATUES, PROVIDES: WHOEVER KNOWINGLY MAKES A FALSE STATEMENT IN WRITING WITH THE INTENT TO MISLEAD A PUBLIC SERVANT IN THE PERFORMANCE OF HIS OFFICIAL DUTY SHALL BE GUlL TY OF A MISDEMEANOR OF THE SECOND DEGREE, PUNISHABLE AS PROVI9ED ~ S. 77~3, OR S KIMBERLYOUSDAHL LA-; ~.2-/3-;6 :vice PRESIDENT, CONTROLLER & CHIEF ACCOUNTING OFFICER. (SIGNATURE) (DATE)
3 AVERAGE RATE OF RETURN RATE BASE DECEMBER, 214 SCHEDULE 2: PAGE 1 OF 3 PLANT IN SERVICE ACCUMULATED DEPRECIATION & AMORTIZATION NET CONSTRUCTION PLANT IN PROPERTY HELD WORK IN SERVICE FOR FUTURE USE PROGRESS NET WORKING NUCLEAR FUEL UTILITY PLANT CAPITAL RATE BASE SYSTEM PER BOOKS ,922,528, (1,555,416,857) 26, ,286 JURISDICTIONAL PER BOOKS 36,621,118, (2,177,898,488) 25,166, FPSC ADJUSTMENTS (1,656,634,2) (323,523,352) (SEE SCHEDULE 2, PAGE 3 OF 3 AND SCHEDULE 2, PAGE 3B OF 3 FPSC ADJUSTED: 34,964,484,5 11,593,149,947 (1,333,11,848) (1,69,288,382) 23,371,334,12 231,161, ,96,11 a (2,42,399,23) 2 871, ,733,125 77,176,65 24,941,767,59 693,233,868 25,635,1,458 PRO FORMA ADJUSTMENTS PRO FORMA ADJUSTMENTS: PRO FORMA ADJUSTED 34,964,484,5 11,593,149,847 23,371,334,12 231,161, ,96,11 77,176,65 24,941,767,59 693,233,868 25,635,1,458 NOTE: THE PROFORMA ADJUSTMENTS ARE NOT NECESSARILY ALL OF THE PROFORMA ADJUSTMENTS THAT WOULD BE MADE IN A BASE RATE FILING.
4 AVERAGE RATE OF RETURN INCOME STATEMENT DECEMBER, 214 SCHEDULE 2: PAGE 2 OF 3 REVENUES OPERATION & MAINTENANCE FUEL& NET INTERCHANGE OTHER DEPRECIATION & AMORTIZATION TAXES OTHER THAN INCOME INCOME TAXES CURRENT DEFERRED INCOME TAXES (NET) INVESTMENT TAX CREDIT (NET) (GAJN)/LOSS ON DISPOSITION EXPENSES NET INCOME(A) SYSTEM PER BOOKS (1,732,353) JURISDICTIONAL PER BOOKS 1,838,197, ,296, ,821, (1,714,443) FPSC ADJUSTMENTS FRANCHISE REVENUE (465,32,285) FRANCHISE EXPENSE GROSS RECEIPTS TAX (251,42,425) FINANCIAL PLANNING SERVICES INDUSTRY ASSOCIATION DUES ECONOMIC DEVELOPMENT 5% AVIATION- EXPENSES EXECUTIVE COMPENSATION FUEL COST REG RETAIL (3,552,88,627) CONSERVATION COST RECOVERY (166,661,989) CAPACITY COST RECOVERY (563,444, 116) ENVIRONMENTAL COST RECOVERY (211,318,452) OTHER RATE CASE ADJUSTMENTS (1) STORM DEFICIENCY RECOVERY (18,74,888) GAIN ON SALE LAND (PROPERTY) INTEREST TAX DEFICIENCIES INTEREST SYNCHRONJZA TION (3,57,646,543) (463,424,461) (37,64) (2,1,764) (118,158) (181,18) (3,543,96) (1,51,673) (152,39,666) (57,368,28) (27,33,661) (75,78) 1,479,168 (8,488,39) (44,646,79) (5, 129,919) 2,726,781 (89,448,297) (11,96,63) (453,71,63) (25,688, 186) (2,48,96) (1,627,954) (539,224) (3,258) (174,772,391) 174,772,371 (136,648) 142, ,181 45,58 69,828 11,782,312 29,346,467 (5,861,691) (14,691,312) (51,926,371) (1,51,856) (7,152,775) (57,589) 21,228,848 (41,933,611) 4,123,587 15,668, ,662 (4,593,12) 371,464 (186,733,21) (278,299,264) (278,299,232) 278,299,232 (25,824,834) (217,591) (227,312) 227,312 (1,229,584) 1,229,584 (72,579) 72,579 (111,19) 111,19 (18,761,594) 18,761,594 (3,532,765,456) (2,43, 171) (163,894,314) (2,767,675) (565,,537) 1,556,421 (128,87,83) (82,448,369) 1,674,925 (1,674,925) (97,351, 149) (11,389,739) 98,579 (98,579) 16,635,836 (16,635,836) FPSC ADJUSTMENTS (5,319,48,782) (3,971,71,4) (278,979,228) (189,985,94) (72,667,951) (18,3,295) (26,585,627) 371,464 (5,24,921,545) (114, 127,238) FPSC ADJUSTED 5,519,149, 22,76,5 1,37,82,297 1 '18,347, ,847, ,293, ,235,659 1,111,45 (1,342,98) 3,774,54,267 1,745,94,734 PRO FORMA ADJUSTMENTS 21,881,646 (SEE SCHEDULE 2, PAGE 2A OF 3) PRO FORMA SYSTEM PER BOOKS ADJUSTED 5,541,3,646 22,76,5 1,37,82,297 1,18,347,133 15, ,862,973 8,434, ,728, ,235,659 1,111,45 (1,342,98) 8,45,522 13,431,124 3,782,54,789 1,758,525,857 (A) THE ADDITION OF EARNINGS FROM AFUDC WOULD INCREASE THE SYSTEM NO/ BY 5,14,158 AND THE JURISDICTIONAL NO/ BY 48,247,833 (B) ECONOMIC DEVELOPMENT COSTS RELATED TO THE PERIOD ARE: ON A COMPANY BASIS ON A JURISDICTIONAL BASIS 2,44,219 2,363,169 CURRENT MONTH AMOUNT SYSTEM PER BOOKS JURISDICTIONAL PER BOOKS 849,54, ,143, ,56, ,128, ,538,52 171,98,317 17,348,224 13,77,84 87,341,653 66,121,83 (279,57, 114) (269,91,825) 344,788, ,95, , ,724 (46,985) (45,49) 734,396,75 76,946, ,144,46 111,197,188 NOTE: (1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI. THE PROFORMA ADJUSTMENTS ARE NOT NECESSARILY ALL THE PROFORMA THAT WOULD BE MADE IN A BASE RATE FILING.
5 AVERAGE RATE OF RETURN INCOME STATEMENT DETAIL OF PRO FORMA ADJUSTMENTS DECEMBER, 214 SCHEDULE 2: PAGE 2A OF 3 OPERATION & MAINTENANCE FUEL & REVENUES NET INTERCHANGE OTHER DEPRECIATION & AMORTIZATION TAXES OTHER THAN INCOME INCOME TAXES CURRENT DEFERRED INCOME TAXES (NET) INVESTMENT TAX CREDIT (NET) (GAIN)/LOSS ON DISPOSITION EXPENSES NET INCOME (A) WEATHER NORMALIZATION ADJUSTMENT (1) 21,881, ,434,767 8,45,522 13, PROFORMA ADJUSTMENTS 21,881,646 15,755 8,434,767 8,45,522 13,431,124 FOOTNOTES: (1) ADJUSTMENT TO NORMALIZE BASE REVENUES AS A RESULT OF ABNORMAL WEATHER CONDITIONS EXPERIENCED DURING THE PERIOD.
6 AVERAGE RATE OF RETURN SYSTEM ADJUSTMENTS DECEMBER, 214 SCHEDULE 2: PAGE 3 OF 3 RATE BASE ADJUSTMENTS SYSTEM JURISDICTIONAL PLANT IN SERVICE: ENVIRONMENTAL FUEL AND CAPACITY 1 '58,472,612 98,411,325 1,439,89,554 93,71,983 CAPITALIZED EXECUTIVE COMPENSATION 5, 171,,642 5,8,348 LOAD CONTROL 42,376,195 42,376,195 ASSET RETIREMENT OBLIGATION CAPITAL LEASES 2,536,957 58,44,741 1 '733,373,472 19,888,54 56,56,616 1,656,634,2 ACCUMULATED PROVISION FOR DEPRECIATION: ENVIRONMENTAL (122,6,926) (116,395, 148) ACCUM PROV DECOMMISSIONING COSTS (3,678,378,974) (3,497,368,667) ASSET RETIREMENT OBLIGATION 47,857,262 46,346,173 ASSET RETIREMENT OBLIGATION DECOMMISSIONING 3,49,7,511 3,31,429,382 FUEL AND CAPACITY (34, 73,84) (33,57,71) OTHER RATE CASE ADJUSTMENTS (1) 217,979 29,752 LOAD CONTROL CAPITAL LEASES (2,581,837) (4,239,88) (42, 765,633) (2,581,837) (4, 15,936) (323,523,352) CONSTRUCTION WORK IN PROGRESS: CONSTRUCTION WORK IN PROGRESS 1,65,71,669 1,11,84,691 CWIP- CAPACITY & ECRC PROJECTS 6,283,45 1,125,355,119 57,483,691 1,69,288,382 NUCLEAR FUEL: NUCLEAR FUEL IN PROCESS NUCLEAR FUEL CAPITAL LEASES WORKING CAPITAL: (SEE SCHEDULE 2, PAGE 3B OF 3) (2,98,74,61) (2,871 '132,356) ADJUSTMENTS (524,741,14) (468,733, 125) NOTE: (1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI.
7 AVERAGE RATE OF RETURN SYSTEM ADJUSTMENTS INCOME STATEMENT DECEMBER, 214 SCHEDULE 2: PAGE 3A OF 3 REVENUES OPERATION & MAINTENANCE TAXES OTHER FUEL& DEPRECIATION & THAN NET INTERCHANGE OTHER AMORTIZATION INCOME --- DEFERRED INVESTMENT (GAIN)/LOSS NET INCOME TAXES INCOME TAXES TAX CREDIT ON CURRENT (NET) (NET) DISPOSITION EXPENSES INCOME(A) -- SYSTEM PER BOOKS , , (1,732,353) 9,333,199,787 1,937,881,28 FPSC ADJUSTMENTS FRANCHISE REVENUE FRANCHISE EXPENSE (465,32,285) (11,96,63) (453,71,63) (174,772,391) (186,733,21) (278,299,264) 174,772,371 (278,299,232) 278,299,232 GROSS RECEIPTS TAX FINANCIAL PLANNING SERVICES (251,42,425) (25,688, 186) (382,129) (136,648) (25,824,834) (217,591) 147,46 (234,723) 234,723 INDUSTRY ASSOCIATION DUES (2,67,31) 797,357 (1,269,673) 1,269,673 ECONOMIC DEVELOPMENT 5% (122,11) 47,66 (74,945) 74,945 AVIATION- EXPENSES (186,92) 72,14 (114,815) 114,815 EXECUTIVE COMPENSATION ADVERTISING EXPENSES FUEL COST REC RETAIL (3, 733,551,351) (31,539,772) (3,687,373,967) (1,552,238) (2,48,965) 12,166,467 (19,373,35) 19,373,35 29,288,55 (42,73,918) (3, 713, 192,537) (2,358,813) CONSERVATION COST RECOVERY (166,661,989) (152,39,866) (8,488,39) (1,627,954) (5,861,691) 4,123,587 (163,894,314) (2, 767,675) CAPACITY COST RECOVERY (563,668,32) (485,636,72) (6,316,231) (44,846,79) (546,19) (5,69,564) 15,668,747 (58,545,956) 16,877,636 ENVIRONMENTAL COST RECOVERY (211,318,452) (28,337,4) (52,546,84) (37,398) (5,495,42) 148, ,373 (131, 148,663) (8, 169, 789) OTHER RATE CASE ADJUSTMENTS (1) STORM DEFICIENCY RECOVERY GAIN ON SALE LAND (PROPERTY) (18,74,888) 2,833,728 (772,527) (89,448,297) (1,93,111) 1,74,617 (1,74,617) (7,144,115) (97,364,939) (11,375,95) INTEREST TAX DEFICIENCIES 1,527,395 (589,193) 938,23 (938,23) INTEREST SYNCHRONIZATION 21,462,879 (4,742,764) 16,72,115 (16,72,115) FPSC ADJUSTMENTS (5,5,15,71) (4, 173,1,687) (284, 788,368) (192,295,879) (72,682,845) (6,47,93) (26,875,687) 389,373 (5,43,672,23) (96,343,688) FPSC ADJUSTED 5, 771,65,357 23,773,864 ~! ,224,795,459 ~3, ,846,21 58,736, (1,342,98) 3,929, ,841,537,592 PRO FORMA ADJUSTMENTS (SEE SCHEDULE 2, PAGE 3C OF 3) 21,881,646 15,755 8,434,767 8,45,522 13,431,124 PRO FORMA SYSTEM PER BOOKS ADJUSTED 5,792,947,2 23,773,664 1,352,684,252 1,224,795, ,899,91 38,28,968 58,736,928 1,15,75 (1,342,98) 3,937,978,287 1,854,968,716 (A) THE ADDITION OF EARNINGS FROM AFUDC WOULD INCREASE THE SYSTEM NOI BY 5,14,158 NOTE: (1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI. THE PROFORMA ADJUSTMENTS ARE NOT NECESSARILY ALL THE PROFORMA THAT WOULD BE MADE IN A BASE RATE FILING.
8 AVERAGE RATE OF RETURN SYSTEM ADJUSTMENTS DECEMBER, 214 SCHEDULE 2: PAGE 3B OF 3 WORKING CAPITAL ADJUSTMENTS SYSTEM JURISDICTIONAL ADJUSTMENTS TO ASSETS PER BOOKS: ACCOUNTS RECEIVABLE - ASSOC COS 23,276,24 22,519,795 INTEREST & DIVIDENDS RECEIVABLE 53,534 51,794 ACCTS RECEIVABLE- TAX REFUND NET UNDERRECOVERED FUEL, CAPACITY,ECCR, ECRC 238,28, ,33,557 CASH CAPITAL SUB ACCOUNT POLE ATTACHMENTS RENTS RECEIVABLE 15,163,368 14,67,58 PREPAYMENTS-ECCR 52,286,716 52,286,716 PREPAYMENTS -INTEREST ON COMMERCIAL PAPER 2,579,728 2,482,367 RATE CASE EXPENSE 15,434 15,434 TEMPORARY CASH INVESTMENTS 1,59,692 1,25,254 ASSET RETIREMENT OBLIGATION STORM DEFICIENCY RECOVERY 535,164, ,164,544 NUCLEAR COST RECOVERY 7,361,534 7,361,534 JOBBING ACCOUNTS 16,633,85 16,93,229 MISC. DEFFERED DEBIT - CLAUSES 98, ,14 ADJUSTMENTS TO ASSETS PER BOOKS 892,531,51 889,569,97 ADJUSTMENTS TO LIABILITIES PER BOOKS: ACCOUNTS PAYABLE -ASSOC COS ACCUM DEFERRED RETIREMENT BENEFITS (215,697) (28,886) ACCUM. PROV.- PROPERTY & STORM INSURANCE (121,542,789) (121,542,789) ACCUM. PROV.- RATE REFUNDS (441,241) (439,956) GAIN ON SALE OF EMISSION ALLOWANCE (454,228) (433,336) JOBBING ACCOUNTS (14,165,818) (13,75,448) PAYABLE TO NUCLEAR DECOMMISSIONING FUND LEHMAN HEDGE POLE ATTACHMENT RENTS PAYABLE (7,663,83) (7,414,44) PREFERRED STOCK DIVIDENDS ACCRUED SJRPP ACCELERATED RECOVERY (41,66,165) (39,611,933) STORM DEFICIENCY RECOVERY ASSET RETIREMENT OBLIGATION (3,477,464,73) (3,367,664,59) MARGIN CALL CASH COLLATERAL NUCLEAR COST RECOVERY (29,681,812) (29,681,812) TRANSMISSION RELIABILITY ENHANCEMENT ADJUSTMENTS TO LIABILITIES PER BOOKS (3,873,235,562) (3,76,72,263) NET ADJUSTMENTS TO WORKING CAPITAL PER BOOKS {2,98,74,61) {2,871,132,356)
9 AVERAGE RATE OF RETURN INCOME STATEMENT DETAIL OF PRO FORMA ADJUSTMENTS DECEMBER, 214 SCHEDULE 2: PAGE 3C OF 3 OPERATION & MAINTENANCE FUEL & REVENUES NET INTERCHANGE OTHER TAXES OTHER DEFERRED DEPRECIATION & THAN INCOME TAXES INCOME TAXES AMORTIZATION INCOME CURRENT ~ INVESTMENT TAX CREDIT (NET) (GAIN)/LOSS ON DISPOSITION EXPENSES NET INCOME(A) WEATHER NORMALIZATION ADJUSTMENT (1) 21,881,646 15,755 8,434,767 8,45,522 13,431,124 PROFORMA ADJUSTMENTS 21,881,646 15,755 8,434,767 8,45,522 13,431,124 FOOTNOTES: (1) ADJUSTMENT TO NORMALIZE BASE REVENUES AS A RESULT OF ABNORMAL WEATHER CONDITIONS EXPERIENCED DURING THE PERIOD.
10 YEAR END RATE OF RETURN RATE BASE DECEMBER, 214 SCHEDULE 3: PAGE 1 OF 3 PLANT IN SERVICE ACCUMULATED DEPRECIATION & AMORTIZATION NET CONSTRUCTION PLANT IN PROPERTY HELD WORK IN SERVICE FOR FUTURE USE PROGRESS NET WORKING NUCLEAR FUEL UTILITY PLANT CAPITAL RATE BASE SYSTEM PER BOOKS 39,14,529, (1, ,857) JURISDICTIONAL PER BOOKS , ,428, , ,156,155,269 (2, 177,898,488) FPSC ADJUSTMENTS (1,664112,363) (351,496,86) (SEE SCHEDULE 3, PAGE 3 OF 3 AND SCHEDULE 2, PAGE 3B OF 3) FPSC ADJUSTED: 35,788,154,342 11,672,176,43 (1,312,615 53) (1,64, 7,59) 24,115,977, ,426, ,698,48 (2,377,315,562) ,816, ,736,399 25,778,839,77 693,233,668 26,472,73,575 PRO FORMA ADJUSTMENTS PRO FORMA ADJUSTMENTS: PRO FORMA ADJUSTED 35,788,154,342 11,672,176,43 24,115,977, ,426, ,698,48 685,736,399 25,778,839,77 693,233,868 26,472,73,575
11 YEAR END RATE OF RETURN INCOME STATEMENT DECEMBER, 214 SCHEDULE 3 PAGE 2 OF 3 REVENUES OPERATION & MAINTENANCE FUEL& NET INTERCHANGE OTHER TAXES OTHER DEPRECIATION & THAN INCOME TAXES AMORTIZATION INCOME CURRENT DEFERRED INVESTMENT (GAIN)/LOSS NET INCOME TAXES TAX CREDIT ON (NET) (NET) DISPOSITION EXPENSES INCOME(A) SYSTEM PER BOOKS (1 '732,353) JURISDICTIONAL PER BOOKS ,993,831,54 1,586,781,524 1,37,333,37 1,153,515,17 293,296, ,821,286 1,111,45 (1,714,443) 8,978,975,811 1,859,221,971 FPSC ADJUSTMENTS FRANCHISE REVENUE FRANCHISE EXPENSE GROSS RECEIPTS TAX FINANCIAL PLANNING SERVICES INDUSTRY ASSOCIATION DUES ECONOMIC DEVELOPMENT 5% AVIATION- EXPENSES EXECUTIVE COMPENSATION FUEL COST REG RETAIL CONSERVATION COST RECOVERY CAPACITY COST RECOVERY ENVIRONMENTAL COST RECOVERY OTHER RATE CASE ADJUSTMENTS (1) STORM DEFICIENCY RECOVERY GAIN ON SALE LAND (PROPERTY) INTEREST TAX DEFICIENCIES INTEREST SYNCHRONIZATION (465,32,285) (251,42,425) (3,552,88,627) (166,661,989) (563,444, 116) (211,318,452) (18,74,888) (37,84) (2,1,784) (118,158) (181,18) (3,543,96) (3,57,646,543) (1,51,673) (152,39,866) (463,424,461) (57,368,28) (27,33,661) (75,78) 1,479,168 (11,96,63) (174,772,391) (453,71,63) 174,772,371 (25,688, 186) (136,648) 142, ,181 45,58 69,828 11,782,312 (2,48,96) 29,346,467 (8,488,39) (1,627,954) (5,861,691) (44,646,79) (539,224) (14,691,312) (5, 129,919) (3,258) (51,926,371) 2,726,781 (1,51,856) (89,448,297) (7,152,775) (57,589) 17,75,364 (186,733,21) (278,299,264) (278,299,232) 278,299,232 (25,824,834) (217,591) (227,312) 227,312 (1,229,584) 1,229,584 (72,579) 72,579 (111,19) 111,19 (18,761,594) 18,761,594 (41,933,611) (3,532, 765,456) (2,43,171) 4,123,587 (163,894,314) (2,767,675) 15,668,747 (565,,537) 1,556, , ,464 (128,87,83) (82,448,369) 1,674,925 (1,674,925) (97,351,149) (11,389,739) 98,579 (98,579) (4,593,12) 13,112,352 (13,112,352) FPSC ADJUSTMENTS (5,319,48,782) (3,971,71,4) (278,979,228) (189,985,94) (72,667,951) (21,526,779) (26,585,627) 371,464 (5,28,445,29) (11,63,754) FPSC ADJUSTED 5,519,149, 22,76,5 1,37,82,297 1,18,347, ,847, ,769, ,235,659 1,111,45 (1,342,98) 3,77,53,782 1,748,618,218 PRO FORMA ADJUSTMENTS (SEE SCHEDULE 2, PAGE 2A OF 3) 21,881,646 15,755 8,434,767 8,45,522 13,431,124 PRO FORMA SYSTEM PER BOOKS ADJUSTED 5,541,3,646 22,76,5 1,37,82,297 1,18,347, ,862,973 28,24, ,235,659 1,111,45 (1,342,98) 3,778,981,35 1,762,49,341 (A) THE ADDITION OF EARNINGS FROM AFUDC WOULD INCREASE THE SYSTEM NOI BY AND THE JURISDICTIONAL NOI BY 5,14,158 48,247,833 NOTE: (1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI. THE PROFORMA ADJUSTMENTS ARE NOT NECESSARILY ALL THE PROFORMA THAT WOULD BE MADE IN A BASE RATE FILING.
12 YEAR END RATE OF RETURN INCOME STATEMENT DETAIL OF PRO FORMA ADJUSTMENTS DECEMBER, 214 SCHEDULE 3: PAGE 2A OF 3 OPERATION & MAINTENANCE FUEL& REVENUES NET INTERCHANGE OTHER TAXES OTHER DEPRECIATION & THAN INCOME TAXES AMORTIZATION INCOME CURRENT DEFERRED INVESTMENT (GAIN)/LOSS NET INCOME TAXES TAX CREDIT ON {NET) it:!ill DISPOSITION EXPENSES INCOME (A) WEATHER NORMALIZATION ADJUSTMENT (1) 21,881, PROFORMA ADJUSTMENTS 21,881,646 15,755 8,434,767 15,755 8,434,767 8,45,522 13,431,124 8,45,522 13,431,124 FOOTNOTES: (1) ADJUSTMENT TO NORMALIZE BASE REVENUES AS A RESULT OF ABNORMAL WEATHER CONDITIONS EXPERIENCED DURING THE PERIOD
13 YEAR END RATE OF RETURN SYSTEM ADJUSTMENTS DECEMBER, 214 SCHEDULE 3: PAGE 3 OF 3 RATE BASE ADJUSTMENTS SYSTEM JURISDICTIONAL PLANT IN SERVICE: ENVIRONMENTAL 1,581,759,56 1,59,5,146 FUEL AND CAPACITY 28,198,285 26,863,335 CAPITALIZED EXECUTIVE COMPENSATION 7,143,232 6,917,685 LOAD CONTROL 44,392,21 44,392,21 ASSET RETIREMENT OBLIGATION CAPITAL LEASES 21,37,631 58,44,741 1,74,935,156 2,373,37 56,56,616 1,664,112,363 ACCUMULATED PROVISION FOR DEPRECIATION: ENVIRONMENTAL (148,171,586) (141,356,349) ACCUM PROV DECOMMISSIONING COSTS (3,822,237,282) (3,634, 147,814) ASSET RETIREMENT OBLIGATION 48,438,685 46,99,238 ASSET RETIREMENT OBLIGATION DECOMMISSIONING 3,542,66,739 3,43,749,215 AVIATION- RESERVE FUEL AND CAPACITY (33,51,444) (31,912,37) OTHER RATE CASE ADJUSTMENTS (1) 2,833,728 2,726,781 LOAD CONTROL CAPITAL LEASES (19,761,498) (4,857,5) (434,65, 157) (19,761,498) (4,74,125) (351,496,86) CONSTRUCTION WORK IN PROGRESS: CONSTRUCTION WORK IN PROGRESS 1,86,494,239 1,31,527,946 CWIP- CAPACITY & ECRC PROJECTS 34,842,8 1 '121,336,246 33,172,113 1,64,7,59 NUCLEAR FUEL: NUCLEAR FUEL IN PROCESS NUCLEAR FUEL CAPITAL LEASES WORKING CAPITAL: (SEE SCHEDULE 2, PAGE 3B OF 3) (2,98,74,61) (2,871 '132,356) ADJUSTMENTS (553,82,817) (493,816,794) NOTE: {1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI.
14 YEAR END RATE OF RETURN SYSTEM ADJUSTMENTS INCOME STATEMENT DECEMBER, 214 REVENUES OPERATION & MAINTENANCE FUEL & NET INTERCHANGE OTHER SCHEDULE 3: PAGE 3A OF 3 TAXES OTHER DEFERRED INVESTMENT (GAIN)/LOSS NET DEPRECIATION & THAN INCOME TAXES INCOME TAXES TAX CREDIT ON AMORTIZATION INCOME CURRENT (NET) (NET) DISPOSITION EXPENSES INCOME(A) ---- SYSTEM PER BOOKS 11,271,81, ,637,472, (1,732,353) FPSC ADJUSTMENTS FRANCHISE REVENUE FRANCHISE EXPENSE (465,32,285) (11,96,63) (174,772,391) (453,71,63) 174, 772,371 (186, 733,21) (278,299,264) (278,299,232) 278,299,232 GROSS RECEIPTS TAX (251,42,425) (25,688, 186) (136,648) (25,824,834) (217,591) FINANCIAL PLANNING SERVICES (382,129) 147,46 (234,723) 234,723 INDUSTRY ASSOCIATION DUES (2,67,31) 797,357 (1,269,673) 1,269,673 ECONOMIC DEVELOPMENT 5% (122,11) 47,66 (74,945) 74,945 AVIATION- EXPENSES EXECUTIVE COMPENSATION (186,92) (31,539, 772) 72,14 12,166,467 (114,815) 114,815 (19,373,35) 19,373,35 FUEL COST REC RETAIL (3,733,551,351) (3,687,373,967) (1,552,238) (2,48,965) 29,288,55 (42,73,918) (3,713, 192,537) (2,358,813) CONSERVATION COST RECOVERY CAPACITY COST RECOVERY (186,661,989) (563,668,32) (152,39,886) (485,636, 72) (6,316,231) (8,488,39) (1,627,954) (5,861,691) 4,123,587 (44,646,79) (546, 19) (5,69,564) 15,668,747 (163,894,314) (2,767,675) (58,545,956) 16,877,636 ENVIRONMENTAL COST RECOVERY OTHER RATE CASE ADJUSTMENTS (1) (211,318,452) (28,337,4) (52,546,84) (37,398) (5,495,42) 148,662 2,833,728 (1,93,111) 389,373 (131,148,663) (8,169,789) 1,74,617 (1,74,617) STORM DEFICIENCY RECOVERY GAIN ON SALE LAND (PROPERTY) INTEREST TAX DEFICIENCIES INTEREST SYNCHRONIZATION (18,74,888) (772,527) 1,527,395 (89,448,297) (7,144,115) (589,193) 17,278,4 (4,742,764) (97,364,939) (11,375,95) 938,23 (938,23) 12,535,24 (12,535,24) FPSC ADJUSTMENTS (5,5,15,71) (4, 173,1,687) (284, 788,368) (192,295,879) (72,682,845) (1,592,86) (26,875,687) 389,373 (5,47,856,898) (92,158,812) FPSC ADJUSTED 5,771,65,357 23,773,864 1,352,684,252 1,224, 795, ,883, ,661,325 58,736,928 1,15,75 (1,342,98) 3,925,342,889 1,845,722,467 PRO FORMA ADJUSTMENTS (SEE SCHEDULE 3, PAGE 3B OF 3) 21,881,646 15,755 8,434,767 8,45,522 13,431,124 PRO FORMA SYSTEM PER BOOKS ADJUSTED 5,792,947,2 23,773,864 1,352,664,252 1,224,795, ,899,91 34,96,93 58,736,928 1,15,75 (1,342,98) 3,933,793,411 1,859,153,591 (A) THE ADDITION OF EARNINGS FROM AFUDC WOULD INCREASE THE SYSTEM NOI BY 5,14,158 NOTE: (1) REFLECTS A PORTION OF THE DEPRECIATION/DISMANTLEMENT RESERVE SURPLUS ADJUSTMENT PROVIDED UNDER ORDER NO. PSC S-EI. THE PROFORMA ADJUSTMENTS ARE NOT NECESSARILY ALL THE PROFORMA THAT WOULD BE MADE IN A BASE RATE FILING.
15 YEAR END RATE OF RETURN INCOME STATEMENT DETAIL OF PRO FORMA ADJUSTMENTS DECEMBER, 214 SCHEDULE 3: PAGE 3B OF 3 OPERATION & MAINTENANCE FUEL& REVENUES NET INTERCHANGE OTHER DEPRECIATION & AMORTIZATION TAXES OTHER THAN INCOME DEFERRED INVESTMENT (GAIN)/LOSS NET INCOME TAXES INCOME TAXES TAX CREDIT ON CURRENT (NET) (NET) DISPOSITION EXPENSES INCOME(A) WEATHER NORMALIZATION ADJUSTMENT (1) 21,881,646 PROFORMA ADJUSTMENTS 21,881,646 15,755 15,755 8,434,767 8,45,522 13,431,124 8,434,767 8,45,522 13,431,124 FOOTNOTES: (1) ADJUSTMENT TO NORMALIZE BASE REVENUES AS A RESULT OF ABNORMAL WEATHER CONDITIONS EXPERIENCED DURING THE PERIOD
16 CAPITAL STRUCTURE FPSC ADJUSTED BASIS DECEMBER, 214 SCHEDULE 4: PAGE 1 OF 2 LOWPOINT MIDPOINT HIGH POINT COST WEIGHTED COST WEIGHTED COST WEIGHTED SYSTEM RETAIL ADJUSTMENTS ADJUSTED RATIO RATE COST RATE COST RATE COST AVERAGE PER BOOKS PER BOOKS PRO RATA SPECIFIC RETAIL (%) (%) (%) (%) (%) (%) (%) _ _2_ LONG TERM DEBT 7,956,7,116 7,662,979, ,126,147 (383,397,961) 7,626,77, % 4.79% 1.42% 4.79% 1.42% 4.79% 1.42% SHORT TERM DEBT 279,435, ,686,314 12,812, ,498, % 2.25%.2% 2.25%.2% 2.25%.2% PREFERRED STOCK.%.%.%.%.%.%.% COMMON EQUITY 11,783,115,76 11,329,863,489 54,263,476 11,87,126, % 9.5% 4.4% 1.5% 4.86% 11.5% 5.33% CUSTOMER DEPOSITS 396,422, ,71,864 18,917,12 415,627, % 2.4%.3% 2.4%.3% 2.4%.3% DEFERRED INCOME TAX 5,559,383,848 5,351,691, ,562,834 (16,52,524) 5,439,22, %.%.%.%.%.%.% INVESTMENT TAX CREDITS (1) 163,859,76 156,336,626 83,673 (154,581,922) 1,838,377.1% 7.66%.% 8.26%.% 8.87%.% 26,138,224,286 25,166,268,333 1,166,765,532 (698,32,47) 25,635,1,458 1.% 5.88% 6.34% 6.81% LOW POl!:!!.._ MIDPOINT HIGH POINT COST WEIGHTED COST WEIGHTED COST WEIGHTED SYSTEM RETAIL ADJUSTMENTS ADJUSTED RATIO RATE COST RATE COST RATE COST YEAR END PER BOOKS PER BOOKS PRO RATA SPECIFIC RETAIL (%) (%) (%) (%) (%) (%) (%) _ _2_ LONG TERM DEBT 8,23,872,238 7,9,726, ,328,769 (382, 799, 772) 7,871,255, % 4.77% 1.42% 4.77% 1.42% 4.77% 1.42% SHORT TERM DEBT 997,119, ,37,249 44,9,649 1,,27, %.44%.2%.44%.2%.44%.2% PREFERRED STOCK.%.%.%.%.%.%.% COMMON EQUITY 11,471,953,41 1,991,621,86 516,586,3 11,58,27, % 9.5% 4.13% 1.5% 4.56% 11.5% 5.% CUSTOMER DEPOSITS 399,53, ,775,48 18,788, ,564, % 2.14%.3% 2.14%.3% 2.14%.3% DEFERRED INCOME TAX 5,814,974,899 5,578,272, ,646,386 (16,52,524) 5,672,866, %.%.%.%.%.%.% INVESTMENT TAX CREDITS (1) 159,767, ,491,217 4,838 (151,622,297) 99,758.% 7.58%.% 8.17%.% 8.77%.% 27,74,217,711 25,978,256,781 1,188,291,387 (694,474,593) 26,472,73,575 1.% 5.6% 6.3% 6.47% NOTE: (1) INVESTMENT TAX CREDITS COST RATES ARE BASED ON THE WEIGHTED AVERAGE COST OF LONG TERM DEBT, PREFERRED STOCK AND COMMON EQUITY. (2) COLUMNS MAY NOT FOOT DUE TO ROUNDING.
17 CAPITAL STRUCTURE PROFORMA ADJUSTED BASIS DECEMBER, 214 SCHEDULE 4: PAGE 2 OF 2 LOWPOINT MIDPOINT HIGH POINT COST WEIGHTED COST WEIGHTED COST WEIGHTED FPSC PRO-FORMA PRO-FORMA RATIO RATE COST RATE COST RATE COST AVERAGE ADJUSTED ADJUSTMENTS ADJUSTED (%) (%) (%) (%) (%) (%) (%) LONG TERM DEBT 7,626,77,381 7,626,77, % 4.79% 1.42% 4.79% 1.42% 4.79% 1.42% SHORT TERM DEBT 281,498, ,498, % 2.25%.2% 2.25%.2% 2.25%.2% PREFERRED STOCK.%.%.%.%.%.%.% COMMON EQUITY 11,87,126,965 11,87,126, % 9.5% 4.4% 1.5% 4.86% 11.5% 5.33% CUSTOMER DEPOSITS 415,627, ,627, % 2.4%.3% 2.4%.3% 2.4%.3% DEFERRED INCOME TAX 5,439,22,156 5,439,22, %.%.%.%.%.%.% INVESTMENT TAX CREDITS (1) 1,838,377 1,838,377.1% 7.66%.% 8.26%.% 8.87%.% 25,635,1,458 25,635,1,458 1.% 5.88% 6.34% 6.81% LOWPOINT MIDPOINT HIGH POINT COST WEIGHTED COST WEIGHTED COST WEIGHTED FPSC PRO-FORMA PRO-FORMA RATIO RATE COST RATE COST RATE COST YEAR END ADJUSTED ADJUSTMENTS ADJUSTED (%) (%) (%) (%) (%) (%) (%) LONG TERM DEBT 7,871,255,556 7,871,255, % 4.77% 1.42% 4.77% 1.42% 4.77% 1.42% SHORT TERM DEBT 1,,27,898 1,,27, %.44%.2%.44%.2%.44%.2% PREFERRED STOCK -.%.%.%.%.%.%.% COMMON EQUITY 11,58,27,116 11,58,27, % 9.5% 4.13% 1.5% 4.56% 11.5% 5.% CUSTOMER DEPOSITS 418,564, ,564, % 2.14%.3% 2.14%.3% 2.14%.3% DEFERRED INCOME TAX 5,672,866,53 5,672,866, %.%.%.%.%.%.% INVESTMENT TAX CREDITS (1) 99,758 99,758.% 7.58%.% 8.17%.% 8.77%.% 26,472,73,575-26,472,73,575 1.% 5.6% 6.3% 6.47% NOTE: (1) INVESTMENT TAX CREDITS COST RATES ARE BASED ON THE WEIGHTED AVERAGE COST OF LONG TERM DEBT, PREFERRED STOCK AND COMMON EQUITY. (2) COLUMNS MAY NOT FOOT DUE TO ROUNDING.
18 DECEMBER, 214 SCHEDULE 5: PAGE 1 OF 2 A. TIMES INTEREST EARNED WITH AFUDC D. PERCENT INTERNALLY GENERATED FUNDS EARNINGS BEFORE INTEREST CHARGES ALLOWANCE FOR BORROWED FUNDS DURING CONSTRUCTION INCOME TAXES INTEREST CHARGES EXCLUDING DEBT AFUDC TIMES INTEREST EARNED WITH AFUDC 1,953,376,83 14,37,115 99,662,877 2,877,49,821 45~ NET INCOME PREFERRED DIVIDENDS DECLARED COMMON DIVIDENDS AFUDC (DEBT & OTHER) DEPRECIATION AND AMORTIZATION EXPENSE DEFERRED INCOME TAXES INVESTMENT TAX CREDITS OTHER SOURCE/USES OF FUNDS INTERNALLY GENERA TED FUNDS 1,517,69,72 (1,55,,) (5,14,158) 1,42,619,97 595,719,922 1,15,75 (7,866,17) 1,863,552,621 CONSTRUCTION EXPENDITURES 2,878,33,89 B. TIMES INTEREST EARNED WITHOUT AFUDC PERCENT INTERNALLY GENERATED FUNDS 64.75% EARNINGS BEFORE INTEREST CHARGES ALLOWANCE FOR EQUITY FUNDS USED DURING CONSTRUCTION INCOME TAXES INTEREST CHARGES EXCLUDING DEBT AFUDC 1,953,376,83 (35,77,43) 99,662,877 2,827,269,663 45,677,872 E. LONG TERM DEBT AS A PERCENT OF INVESTOR CAPITAL TIMES INTEREST EARNED WITHOUT AFUDC 6.27 F. SHORT TERM DEBT AS A PERCENT OF INVESTOR CAPITAL C. PERCENT AFUDC TO NET INCOME AVAILABLE FOR COMMON STOCKHOLDERS ALLOWANCE FOR BORROWED FUNDS DURING CONSTRUCTION X (1 -INCOME_TAX_RATE) SUB ALLOWANCE FOR EQUITY FUNDS USED DURING CONSTRUCTION 14,37, ,826,843 35,77,43 44,596,886 AVERAGE RETAIL AMOUNTS JURIS ADJUSTED LONG TERM DEBT JURIS ADJUSTED SHORT TERM DEBT JURIS ADJUSTED PREFERRED STOCK JURIS ADJUSTED COMMON STOCK LTD TO INVESTOR FUNDS STD TO INVESTOR FUNDS 7,626,77, ,498,595 11,87,126,965 19,778,332, % 1.42% NET INCOME AVAILABLE FOR COMMON AFUDC AS PERCENT OF NET INCOME 1,517,69, % G. FPSC ADJUSTED AVERAGE JURISDICTIONAL RETURN ON COMMON EQUITY FPSC RATE OF RETURN 6.81% FOOTNOTES CLAUSE OVER/UNDER RECOVERY GAINS ON DISPOSITION OF PROPERTY LONG TERM DEBT RETIREMENTS & REDEMPTIONS INCREASE/DECREASE IN DECOMMISSIONING FUNDS (69,127,432) (1,738,584) (7,866,17) LESS: RECONCILED AVG. RETAIL WEIGHTED COST RATES FOR: LONG TERM DEBT SHORT TERM DEBT PREFERRED STOCK CUSTOMER DEPOSITS TAX CREDITS- WTD COST SUB DIVIDED BY COMMON EQUITY RATIO 1.42%.2%.%.3%.% 1.48% 5.33% 46.3% **INCLUDES EXPENDITURES FOR NUCLEAR FUELS OF: JURISDICTIONAL RETURN ON COMMON EQUITY 11.5%
19 FINANCIAL INTEGRITY INDICATORS DECEMBER, 214 SCHEDULE 5: PAGE 2 OF 2 H. PROFORMA ADJUSTED AVERAGE JURISDICTIONAL RETURN ON COMMON EQUITY PRO FORMA RATE OF RETURN 6.66% LESS: AVERAGE RETAIL WEIGHTED COST RATES FOR: LONG TERM DEBT 1.42% SHORT TERM DEBT.2% PREFERRED STOCK.% CUSTOMER DEPOSITS.3% TAX CREDITS- WTD COST.% SUB 1.48% PRO FORMA ROR LESS NON EQUITY COST 5.36% PRO FORMA COMMON EQUITY RATIO 46.3% PRO FORMA RETURN ON COMMON EQUITY 11.61%
20 BASIS FOR THE REQUESTED AFUDC RATE FPSC ADJUSTED BASIS DECEMBER, 214 SCHEDULE A: PAGE 1 OF 1 CAPITAL COMPONENTS JURISDICTIONAL AVERAGE CAPITAL RATIO COST OF CAPITAL AFUDC WEIGHTED COMPONENTS LONG TERM DEBT SHORT TERM DEBT PREFERRED STOCK CUSTOMER DEPOSITS COMMON EQUITY DEFERRED INCOME TAX INVESTMENT TAX CREDITS 7,626,77, % 281,498, %.% 415,627, % 11,87,126, % 5,439,22, % 1,838,377.1% 4.77% 1.42% 2.25%..2%.%.% 2.4%..3% 1.5% 4.86%.%.%.%.% 25,635,1,458 1.% 6.34% 13-MONTH AVERAGE NOTE: EFFECTIVE JANUARY 1, 214 THE COMMISSION APPROVED AFUDC RATE IS 6.34%
21 BASIS FOR THE REQUESTED AFUDC RATE FPSC ADJUSTED BASIS DECEMBER, 214 SCHEDULE B: PAGE 1 OF 3 AVERAGE SYSTEM RETAIL COMMISSION ADJUSTED PER BOOKS PER BOOKS ADJUSTMENTS * RETAIL LONG TERM DEBT SHORT TERM DEBT 7,956,7,116 7,662,979,194 (36,271,813) 7,626,77, ,435, ,686,314 12,812, ,498,595 PREFERRED STOCK COMMON EQUITY CUSTOMER DEPOSITS DEFERRED INCOME TAX INVESTMENT TAX CREDITS 11,783,115,76 11,329,863,489 54,263,476 11,87,126, ,422, ,71,864 18,917,12 415,627,984 5,559,383,848 5,351,691,846 87,51,39 5,439,22, ,859,76 156,336,626 (154,498,249) 1,838,377 26,138,224,286 25,166,268, ,733,125 25,635,1,458 *FOR ADJUSTMENT DETAILS, SEE SCHEDULE B, PAGES 2 AND 3
22 AVERAGE RATE OF RETURN DECEMBER, 214 SCHEDULE B: PAGE 2 OF 3 RATE BASE ADJUSTMENTS JURISDICTIONAL PLANT IN SERVICE: ENVIRONMENTAL FUEL AND CAPACITY CAPITALIZED EXECUTIVE COMPENSATION LOAD CONTROL ASSET RETIREMENT OBLIGATION CAPITAL LEASES 1,439,89,554 93,71,983 5,8,348 42,376,195 19,888,54 56,56,616 1 '656, 634,2 ACCUMULATED PROVISION FOR DEPRECIATION: ENVIRONMENTAL ACCUM PROV DECOMMISSIONING COSTS ASSET RETIREMENT OBLIGATION ASSET RETIREMENT OBLIGATION DECOMMISSIONING AVIATION- RESERVE FUEL AND CAPACITY OTHER RATE CASE ADJUSTMENTS LOAD CONTROL CAPITAL LEASES (116,395, 148) (3,497,368,667) 46,346,173 3,31,429,382 (33,57,71) 29,752 (2,581,837) (4, 15,936) (323,523,352) CONSTRUCTION WORK IN PROGRESS: CONSTRUCTION WORK IN PROGRESS CWIP - ECRC PROJECTS 1,11,84,691 57,483,691 1,69,288,382 NUCLEAR FUEL: NUCLEAR FUEL IN PROCESS NUCLEAR FUEL CAPITAL LEASES WORKING CAPITAL: (SEE SCHEDULE B, PAGE 3 OF 3) (2,871 '132,356) ADJUSTMENTS (468,733,125)
23 AVERAGE RATE OF RETURN DECEMBER, 214 SCHEDULE B: PAGE 3 OF 3 WORKING CAPITAL ADJUSTMENTS ADJUSTMENTS TO ASSETS PER BOOKS: ACCOUNTS RECEIVABLE - ASSOC COS INTEREST & DIVIDENDS RECEIVABLE ACCTS RECEIVABLE- TAX REFUND NET UNDERRECOVERED FUEL, CAPACITY,ECCR, ECRC CASH CAPITAL SUB ACCOUNT POLE ATTACHMENTS RENTS RECEIVABLE PREPAYMENTS-ECCR PREPAYMENTS -INTEREST ON COMMERCIAL PAPER RATE CASE EXPENSE TEMPORARY CASH INVESTMENTS ASSET RETIREMENT OBLIGATION STORM DEFICIENCY RECOVERY NUCLEAR COST RECOVERY JOBBING ACCOUNTS MISC. DEFFERED DEBIT - CLAUSES ADJUSTMENTS TO ASSETS PER BOOKS ADJUSTMENTS TO LIABILITIES PER BOOKS: ACCOUNTS PAYABLE -ASSOC COS ACCUM DEFERRED RETIREMENT BENEFITS ACCUM. PROV. - PROPERTY & STORM INSURANCE ACCUM. PROV. -RATE REFUNDS GAIN ON SALE OF EMISSION ALLOWANCE JOBBING ACCOUNTS PAYABLE TO NUCLEAR DECOMMISSIONING FUND LEHMAN HEDGE POLE ATTACHMENT RENTS PAYABLE PREFERRED STOCK DIVIDENDS ACCRUED SJRPP ACCELERATED RECOVERY ASSET RETIREMENT OBLIGATION MARGIN CALL CASH COLLATERAL STORM DEFICIENCY RECOVERY NUCLEAR COST RECOVERY TRANSMISSION RELIABILITY ENHANCEMENT ADJUSTMENTS TO LIABILITIES PER BOOKS JURISDICTIONAL 22,519,795 51, ,33,557 14,67,58 52,286,716 2,482,367 15,434 1,25, ,164,544 7,361,534 16,93, ,14 889,569,97 (28,886) (121,542,789) (439,956) (433,336) (13,75,448) (7,414,44) (39,611,933) (3,367,664,59) (29,681,812) (3,76,72,263) NET ADJUSTMENTS TO WORKING CAPITAL PER BOOKS {2,871 '132,356)
24 METHODOLOGY FOR MONTHLY COMPOUNDING OF THE AFUDC RATE DECEMBER, 214 SCHEDULE C: PAGE 1 OF 1 AFUDC COMPOUNDING ((1+R/12)**12)-1 = APPROVED RATE ((1+R/12)**12)-1 = ((1+R/12)**12) = (1+RI12) = (R/12) = 6.34% AFUDC MONTHLY CUMULATIVE MONTHS BASE AFUDC AFUDC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
25 SUPPLEMENTAL EARNINGS SURVEILLANCE INFORMATION COMMERCIAUINDUSTRIAL SERVICE RIDER DECEMBER, 214 SCHEDULE D: PAGE 1 OF 1 IN COMPLIANCE WITH FPSC DOCKET# 1448, ORDER NO. PSC PAA-EI, FLORIDA POWER & LIGHT COMPANY DID NOT HAVE ANY EXISTING NOR PROSPECTIVE COMMERCIAUINDUSTRIAL SERVICE RIDER TARIFF CUSTOMERS FOR THE YEAR ENDED DECEMBER 31, 214.
FPL. :.::fl i..:;: ;J~~ January 13, 2017
FPL Florida Power & Light Company, 7 Universe Blvd, Juno Beach FL. 3348-42 January 13, 217 Mr. Bart Fletcher Public Utilities Supervisor Division of Accounting and Finance Florida Public Service Commission
More informationc:at~ F=PL s;;o,.., c::; C) ;::: ..,, --i< ..,.., ).--. n... ("') w c Zt;'; ""? ::::.:::- < (] D '""';1 0" c: <:'") December 16,2013
F=PL Florida Power & Light Company, 7 Universe Blvd, Juno Beach FL. 3348-42 December 16,213 Mr. John Slemkewicz Public Utilities Supervisor Division of Economic Regulation Florida Public Service Commission
More informationFlorida Power & Light Company, P.O. Box , Miami, FL 33102
Flrida Pwer & Light Cmpany, P.O. Bx 291, Miami, FL 3312 June 15,211 Mr. Jhn Slemkewicz Public Utilities Supervisr Divisin f Ecnmic Regulatin Flrida Public Service Cmmissin 254 Shumard Oak Blvd. Tallahassee,
More informationTel Fax
Robert l. McGee, Jr. One Energy Place Regulatory & Pricing Manager Pensacola, Florida 3252-78 Tel85 444.653 Fax 85.444.626 RLMCGEE@southernco.com December 14, 212 GULF«\ POWER A SOUTHERN COMPANY Mr. John
More informationDUKE ENERGY FLORIDA Schedule 2 Average Rate of Return Rate Base Page 1 of 3 Dec 2017
DUKE ENERGY FLORIDA Schedule 2 Average Rate of Return Rate Base Page 1 of 3 Plant in Service Accum Depr & Amort Net Plant in Service Future Use & Appd Unrecov Plant Const Work in Progress Net Utility Plant
More informationDUKE ENERGY FLORIDA SCHEDULE 1 RATE OF RETURN REPORT SUMMARY June 2015
DUKE ENERGY FLORIDA SCHEDULE 1 RATE OF RETURN REPORT SUMMARY (1) (2) (3) (4) (5) Actual FPSC FPSC Pro Forma Pro Forma Per Books Adjustments Adjusted Adjustments Adjusted I. AVERAGE RATE OF RETURN (Jurisdictional)
More information(2) FPSC Adjustments. (1) Actual Per Books. 25,864,155 (b) (1,285,386,110) 637,090,491 11,185,847, % (a) $ $ $
DUKE ENERGY LORIDA RATE O RETURN REPORT SUMMARY SCHEDULE 1 (1) Actual Per Books (2) PSC Adjustments (3) PSC Adjusted (4) Pro orma Adjustments (5) Pro orma Adjusted I. AVERAGE RATE O RETURN (Jurisdictional)
More informationGUNSTER FLORIDA'S LAW FIRM FOR BUSINESS
GUNSTER FLORIDA'S LAW FIRM FOR BUSINESS Writer's E-Mail Address: bkeating@gunster.com June 16, 2014 HAND DELIVERY Mr. Andrew Maurey Director Division of Accounting and Finance Florida Public Service Commission
More informationFlorida City Gas ,., .--, ... _z-q l> Surveillance Report for June August 16, 2013
~ Florida City Gas 955 E 25 Street Hialeah, FL 33013 Tel# (305) 835-3601 August 16, 2013 Mr. John Slemkewicz, Supervisor Division of Economic Regulation Florida Public Service Commission 2540 Shumard Oak
More information(/ fl~4j {r 1ffi ~ ~~~~~ GUNSTER FLORIDA'S LAW FIRM FOR BUSINESS. nts. September 15, n ~;;;! HAND DELIVERY
GUNSTER FLORIDA'S LAW FIRM FOR BUSINESS Writer's E-Mail Address: bkeating@gunster.com HAND DELIVERY Mr. Andrew Maurey Director Division of Accounting and Finance Florida Public Service Commission 2540
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationCHUGACH ELECTRIC ASSOCIATION 1 STATEMENT OF OPERATIONS. Allowance for Funds Used During Construction. Total Cost of Electric Service (MTD Actual)
FINANCIAL REPORT MARCH 2014 STATEMENT OF OPERATIONS CATEGORY 2014 MTD ACTUAL 2014 MTD BUDGET Operating Revenue and Patronage Capital Fuel and Purchased Power Expense Power Production Expense Transmission
More information(Internet version) Financial & Statistical Report November 2018
(Internet version) Financial & Statistical Report November 2018 12/17/2018 Statement of Operations For the Period Ended November 30, 2018 (in millions) Current Month Year-to-Date Operating Revenue $ 31.4
More information(Internet version) Financial & Statistical Report September 2017
(Internet version) Financial & Statistical Report September 2017 10/23/2017 Statement of Operations For the Period Ended September 30, 2017 (in millions) Current Month Year-to-Date Operating Revenue &
More information(Internet version) Financial & Statistical Report December 2017
(Internet version) Financial & Statistical Report December 2017 01/22/2018 Statement of Operations For the Period Ended December 31, 2017 (in millions) Current Month Year-to-Date Operating Revenue & Patronage
More information(Internet version) Financial & Statistical Report December 2016
(Internet version) Financial & Statistical Report December 2016 1/23/2017 Statement of Operations For the Period Ended December 31, 2016 (in millions) Current Month Year-to-Date Operating Revenue & Patronage
More informationCLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT. Exact Legal Name of Respondent
CLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT OF Exact Legal Name of Respondent Certificate Number(s) Submitted To The CHARLOTTE COUNTY GOVERNMENT
More information/s/ John L. Carley Assistant General Counsel
John L. Carley Assistant General Counsel Law Department July 28, 2016 Christopher Psihoules, DAG Division of Law 124 Halsey Street, 5 th Floor P.O. Box 45029 Newark, NJ 07101 Christine M. Juarez, Esq.
More informationEntergy Services, Inc. Balance Sheet As of December 31, 2002 ( $ 000's )
Section I Statement AA Entergy Services, Inc. Balance Sheet As of December 31, 2002 ( $ 000's ) Ln Item Account Amount Assets and Other Debits 1 Utility Plant 101-106, 114 3,469,270 2 Construction Work
More informationDecember 31, Docket No EI Routine Storm Charge True-Up Adjustment Request. Dear Ms. Stauffer:
Scott A. Goorland Senior Attorney Florida Power & Light Company 700 Universe Boulevard Juno Beach, FL 33408-0420 (561) 304-5633 (561) 691-7135 (Facsimile) scott.goorland@fpl.com December 31, 2015 Ms. Carlotta
More informationITC Midwest 2014 Attachment O True-Up Presentation. Presenter: David Grover Manager, Transmission Pricing July 8, 2015
2014 Attachment O True-Up Presentation Presenter: David Grover Manager, Transmission Pricing July 8, 2015 Presentation Purpose Discuss the 2014 Annual True-Up posting Walk through the timeline and mechanics
More informationRate Base (Schedule 3) $ 488,114. Rate of Return (Schedule 4) 6.74% 7.78% Operating Income Required $ 32,920
AWC Rosebrook Water Computation of Revenue Deficiency For the Test Year Ended September 30, 2017 Actual Proforma Rate Base (Schedule 3) $ 488,114 $ 625,578 Rate of Return (Schedule 4) 6.74% 7.78% Operating
More informationJune 13, Informational Filing Public Service Electric and Gas Company, Annual True-Up Adjustment Docket No. ER
Hesser G. McBride, Jr. Associate General Regulatory Counsel Law Department 80 Park Plaza, T5G, Newark, NJ 07102-4194 tel: 973.430.5333 fax: 973.430.5983 email: Hesser.McBride@pseg.com June 13, 2016 VIA
More informationGridLiance West Transco LLC (GWT) Formula Rate Index
(GWT) Formula Rate Index Appendix III Main Body of the Formula Attachment 1 Revenue Credit Worksheet Attachment 2 Cost Support Attachment 2a Cost Support Attachment 2b Cost Support Attachment 3 Incentives
More informationBEFORE THE FLORIDA PUBLIC SERVICE COMMISSION DOCKET NO EI
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION DOCKET NO. 0040-EI IN RE: TAMPA ELECTRIC COMPANY S PETITION FOR AN INCREASE IN BASE RATES AND MISCELLANEOUS SERVICE CHARGES MINIMUM FILING REQUIREMENTS SCHEDULE
More informationGridLiance West Transco LLC (GWT) Formula Rate Index
(GWT) Formula Rate Index Appendix III Main Body of the Formula Attachment 1 Revenue Credit Worksheet Attachment 2 Cost Support Attachment 2a Cost Support Attachment 2b Cost Support Attachment 3 Incentives
More informationILL. C. C. No. 10 Commonwealth ELECTRICITY 2nd Revised Sheet No. 373 Edison Company (Canceling 1st Revised Sheet No. 373)
Commonwealth ELECTRICITY 2nd Revised Sheet No. 373 Edison Company (Canceling 1st Revised Sheet No. 373) Applicable to Rates BES, BESH, and RDS APPLICABILITY. This rider is applicable to all retail customers
More informationl'il:j GUNSTER November 27,2017 BYE-PORTAL
l'il:j GUNSTER (850) 521-1706 bkeating@gunster. com November 27,2017 BYE-PORTAL Ms. Carlotta Stauffer Commission Clerk Florida Public Service Commission 2540 Shumard Oak Boulevard Tallahassee, FL 32399-0850
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationCondensed Consolidated Statements of Income (millions, except per share amounts) (unaudited)
Condensed Consolidated Statements of Income (millions, except per share amounts) Three Months Ended September 30, 2007 Group, Operating Revenues $ 3,445 $ 1,090 $ 40 $ 4,575 Operating Expenses Fuel, purchased
More information4th Quarter 2011 Earnings & 2012 Guidance Call February 16, 2012
Bill Johnson Chairman, President & CEO 4th Quarter 2011 Earnings & 2012 Guidance Call February 16, 2012 Mark Mulhern Chief Financial Officer Caution Regarding Forward-Looking Statements This presentation
More informationMarch 15, Informational Filing UNS Electric, Inc., Formula Transmission Service Rates Docket No. ER17-
88 E. Broadway Boulevard, Tucson, Arizona 85701 P.O. Box 711, Tucson, Arizona 85702 Amy Welander, Assistant General Counsel Telephone: 520-884-3655 Legal Department, HQE910 Fax: 520-884-3601 awelander@tep.com
More informationDkt. No. ER Draft Informational Filing. Table of Contents
Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs. IFPTRR 2 Calculation of the Incremental Forecast Period TRR
More informationBEFORE THE FLORIDA PUBLIC SERVICE COMMISSION ORDER IDENTIFYING ISSUES
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION In re: Review of the retail rates of Florida Power & Light Company ORDER NO. PSC-02-0102-PCO-E1 ISSUED: January 16, 2002 ORDER IDENTIFYING ISSUES On January
More informationDkt. No. ER Draft Informational Filing. Table of Contents
Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs. IFPTRR 2 Calculation of the Incremental Forecast Period TRR
More informationINDIANTOWN GAS COMPANY INVESTOR-OWNED NATURAL GAS UTILITY EARNINGS SURVEILLANCE REPORT
INDIANTOWN GAS COMPANY INVESTOR-OWNED NATURAL GAS UTILITY EARNINGS SURVEILLANCE REPORT PERIOD ENDING: DECEMBER 31, 28 . _,..--. INOIANTOWN GAS COMPANY RATE OF RETURN REPORT SUMMARY 1213118 (1) (2) ACTUAL
More informationPublic Resources Management Group, Inc. Utility, Rate, Financial and Management Consultants
LITTLE GASPARILLA WATER UTILITY INC. Located in Charlotte County, Florida STAFF ASSISTED RATE STUDY For the Test Year Ending December 31, 2010 April 9, 2012 Public Resources Management Group, Inc. Utility,
More informationSeptember 1, Southern California Edison Company/ Docket No. ER
Anna J. Valdberg Senior Attorney anna.valdberg@sce.com September 1, 2011 Ms. Kimberly D. Bose, Secretary Federal Energy Regulatory Commission 888 First Street, N.E. Washington, DC 20426 Re: Southern California
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through February 2019 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationPPL Electric Utilities Corporation
Page 1 of 22 ATTACHMENT H8G PPL Electric Utilities Corporation Formula Rate Appendix A Notes FERC Form 1 Page # or Instruction 2014 Data Shaded cells are input cells Allocators Wages & Salary Allocation
More informationQUARTERLY FINANCIAL REPORT March 31, 2018
California Independent System Operator QUARTERLY FINANCIAL REPORT March 31, 2018 250 Outcropping Way Folsom, CA 95630 (916) 351-4000 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION QUARTERLY FINANCIAL
More informationDecember 27, ConsideraNon of the tax impacts associated with Tax Otts and Jobs Act of 2017 for Duke Energy Florida, LLC Docket No.
FILED 12/27/2018 DOCUMENT NO. 07693-2018 FPSC- COMMISSION CLERK (~ ~~~GY. FLORIDA Matthew R. Bernier ASSOCIATE GENERAL COUNSEL December 27, 2018 VIA ELECTRONIC FILING Mr. Adam Teitzman, Commission Clerk
More informationFiscal Year 2018 Project 1 Annual Budget
Fiscal Year 2018 Project 1 Annual Budget Table of Contents Table Page Summary 3 Summary of Costs Table 1 4 Treasury Related Expenses Table 2 5 Summary of Full Time Equivalent Table 3 6 Positions Cost-to-Cash
More informationQUARTERLY FINANCIAL REPORT June 30, 2017
California Independent System Operator QUARTERLY FINANCIAL REPORT June 30, 2017 250 Outcropping Way Folsom, CA 95630 (916) 351-4000 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION QUARTERLY FINANCIAL
More informationHearing on Temporary Rates. EXHIBIT A Page 1 of 48
Hearing on Temporary Rates October 25, 2011 EXHIBIT A Page 1 of 48 Page 2 of 48 EPE Overview Serving El Paso for over 110 years 1 of 3 publicly l traded d companies in El Paso Over 950 employees Significant
More informationKey IRS Interest Rates After PPA
Key IRS Rates - After PPA - thru 2011 Page 1 of 10 Key IRS Interest Rates After PPA (updated upon release of figures in IRS Notice usually by the end of the first full business week of the month) Below
More informationUNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION EXHIBIT SCE-4 EXHIBIT TO THE TESTIMONY OF MR. BERTON J.
UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION ) Southern California Edison Company ) ) Dkt. No. ER18- -000 EXHIBIT SCE-4 EXHIBIT TO THE TESTIMONY OF MR. BERTON J. HANSEN ON BEHALF
More informationUNS Electric, Inc. Rates for Transmission Service For June 1, 2016 Through May 31, 2017 Data For Period Ending December 31, 2015
UNS Electric, Inc. Rates for Transmission Service For June 1, 2016 Through May 31, 2017 Data For Period Ending December 31, 2015 Mohave Total Line Division Division Company 1 2016 Revenue Requirements
More informationAttachment 2 to Appendix IX Formula Rate Spreadsheet
Attachment 2 to Appendix IX Formula Rate Spreadsheet Table of Contents Worksheet Name Schedule Purpose Overview Base TRR Components. BaseTRR 1 Full Development of Retail and Wholesale Base TRRs IFPTRR
More informationEntergy Louisiana, LLC 2017 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2016
2017 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2016 Ln Description FF1 Ref. [1] USofA [2] Amount 1 Gross Plant 110.4.c 101-106, 114, 107 19,847,012,044
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through October 2017 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationCorporate Accounting: Earnings and Distribution
Chapter 20 Corporate Accounting: Earnings and Distribution Net income of a corporation and corporate income taxes Cash dividends Stock dividends Stock splits Appropriations of retained earnings Retained
More informationOctober 20, VIA ELECTRONIC FILING-
William P. Cox Senior Attorney Florida Power & Light Company 700 Universe Boulevard Juno Beach, FL 33408-0420 (561) 304-5662 (561) 691-7135 (Facsimile) Will.Cox@fpl.com October 20, 2017 -VIA ELECTRONIC
More informationREQUEST FOR AMORTIZATION OF CERTAIN NON-GAS COST DEFERRED ACCOUNTS RELATING TO: UM 1027: Distribution Margin Normalization ( Decoupling )
ONITA R. KING Rates & Regulatory Affairs Tel: 503.721.2452 Fax: 503.721.2516 email: ork@nwnatural.com July 31, 2015 NWN OPUC Advice No. 15-09/UG (UM 1027) VIA ELECTRONIC FILING Public Utility Commission
More informationQUARTERLY FINANCIAL REPORT December 31, 2017
California Independent System Operator QUARTERLY FINANCIAL REPORT December 31, 2017 Preliminary and Unaudited 250 Outcropping Way Folsom, CA 95630 (916) 351-4000 CALIFORNIA INDEPENDENT SYSTEM OPERATOR
More informationElectric Price Outlook for Indiana Low Load Factor (LLF) customers December 2016
Electric Price Outlook for Indiana Low Load Factor (LLF) customers December 2016 Price projection We project our prices for Low Load Factor customers to increase 4 to 6 percent in 2017 compared to 2016.
More informationPARADISE IRRIGATION DISTRICT
PARADISE IRRIGATION DISTRICT 6332 Clark Rel I P.O. Box 2409 I Paradise, California 95967 I 530.$77.4971 I Fax 530.$76.04$3 1. Cash position At 5/31/2017 the Districts total cash position was $2,337,027.46.
More informationChapter Thirteen In class practice
Problem 13.1 Chapter Thirteen In class practice Uzi Company received a charter granting the right to issue 200,000 shares of $1 par value common stock and 10,000 shares of 8% cumulative and nonparticipating,
More informationTelephone Fax
Kimberly A. Curry Assistant General Counsel BGE Legal Department 2 Center Plaza, 12 th Floor 110 West Fayette Street Baltimore, MD 21201 Telephone 410.470.1305 Fax 443.213.3206 www.bge.com kimberly.a.curry@bge.com
More informationCLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES. (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT WS AR LAKE PLACID UTILITIES, INC
CLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT OF WS709-15-AR LAKE PLACID UTILITIES, INC Exact Legal N arne of Respondent 414W 347S Certificate
More informationElectric Price Outlook for Indiana High Load Factor (HLF) customers December 2016
Electric Price Outlook for Indiana High Load Factor (HLF) customers December 2016 Price projection We project our prices for High Load Factor customers to increase 4 to 6 percent in 2017 compared to 2016.
More information~ Gulf Power. February 27, RESPONSE TO STAFF'S FIRST DATA REQUEST
General Counsel Corporate Secretary Ch1ef Compliance Officer 850 444 6550 tel 850 982 0178 cell 850 444 6744 tax jastonp@southernco com As noted in the 2018 Agreement, the 2017 Agreement and the 2017 Rate
More informationACCT-112 Final Exam Practice Solutions
ACCT-112 Final Exam Practice Solutions Question 1 Jan 1 Cash 200,000 H. Happee, Capital 200,000 Jan 2 Prepaid Insurance 10,000 Cash 10,000 Jan 15 Equipment 15,000 Cash 5,000 Notes Payable 10,000 Jan 30
More informationASSETS Amount % Amount % LIABILITIES AND STOCKHOLDERS EQUITY Amount % Amount %
BALANCE SHEETS March 31, 2011 AND 2010 ASSETS Amount % Amount % LIABILITIES AND STOCKHOLDERS EQUITY Amount % Amount % CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalents $ 715,241 1 $ 748,927
More informationEntergy Gulf States Louisiana, LLC 2015 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2014
Entergy Gulf States Louisiana, LLC 2015 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2014 Ln Data Source Reference [1] USofA [2] Amount 1 Gross Plant
More informationMONTHLY FINANCIAL REPORT June 2009
California Independent System Operator MONTHLY FINANCIAL REPORT June 2009 151 Blue Ravine Road Folsom, CA 95630 (916) 351-4000 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION MONTHLY FINANCIAL REPORT
More informationORCAS POWER AND LIGHT COOPERATIVE 2018 Q3 FINANCIALS Q3 Financial Report Page 1 of 20
ORCAS POWER AND LIGHT COOPERATIVE 2018 Q3 FINANCIALS Page 1 of 20 MEMORANDUM November 09, 2018 To: Board of Directors From: Foster Hildreth, General Manager Re: OPALCO 2018 Third Quarter Financial Report
More informationAugust 18, 2016 NWN OPUC Advice No A/UG 312 SUPPLEMENT A (UM 1027)
ONITA R. KING Rates & Regulatory Affairs Tel: 503.721.2452 Fax: 503.721.2516 email: ork@nwnatural.com August 18, 2016 NWN OPUC Advice No. 16-16A/UG 312 SUPPLEMENT A (UM 1027) VIA ELECTRONIC FILING Public
More informationMuskrat Falls Project Oversight Committee
Muskrat Falls Project Oversight Committee Quarterly Department Report Name Period Ending September 30, 2017 November 3, 2017 Table of Contents 1. September Project Summary 2. Oversight Committee Reporting
More informationAUSLEY MCMULLEN. April 2, 2018 VIA: ELECTRONIC FILING
AUSLEY MCMULLEN ATTORNEYS AND COUNSELORS AT LAW 123 SOUTH CALHOUN STREET P. O. BOX 391 (ZIP 32302) TALLAHASSEE, F'LORIDA 32301 (850) 224-9115 F'AX (8501 222-7560 April 2, 2018 VIA: ELECTRONIC FILING Ms.
More informationCLASS "C" WATER AND/OR WASTEWATER UTILITIES. (Gross Revenue of Less Than $200,000 Each) ANNUAL REPORT. Exact Legal Name of Respondent
CLASS "C" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of Less Than $200,000 Each) ANNUAL REPORT OF Exact Legal Name of Respondent Certificate Number(s) Submitted To The Charlotte County Budget Office
More information2016 Earnings Guidance
2016 Earnings Guidance December 18, 2015 Safe Harbor Statement Statements made in this presentation that relate to future events or PNM Resources ( PNMR ), Public Service Company of New Mexico s ( PNM
More informationKey IRS Interest Rates After PPA
Key IRS Interest After PPA (updated upon release of figures in IRS Notice usually by the end of the first full business week of the month) Below are Tables I, II, and III showing official interest rates
More informationRE: Docket 3859 Distribution Adjustment Clause Filing 2007
Laura S. Olton General Counsel VIA HAND DELIVERY & ELECTRONIC MAIL Luly E. Massaro, Commission Clerk Public Utilities Commission 89 Jefferson Boulevard Warwick, RI 02888 RE: Docket 3859 Distribution Adjustment
More informationSmallBizU WORKSHEET 1: REQUIRED START-UP FUNDS. Online elearning Classroom. Item Required Amount ($) Fixed Assets. 1 -Buildings $ 2 -Land $
WORKSHEET 1: REQUIRED START-UP FUNDS Item Required Amount () Fixed Assets 1 -Buildings 2 -Land 3 -Initial Inventory 4 -Equipment 5 -Furniture and Fixtures 6 -Vehicles 7 Total Fixed Assets Working Capital
More informationCost Estimation of a Manufacturing Company
Cost Estimation of a Manufacturing Company Name: Business: Date: Economics of One Unit: Manufacturing Company (Only complete if you are making a product, such as a bracelet or beauty product) Economics
More informationCalifornia ISO Report. Regional Marginal Losses Surplus Allocation Impact Study
California ISO Report Regional Surplus Allocation Impact Study October 6, 2010 Regional Surplus Allocation Impact Study Table of Contents Executive Summary... 3 1 Issue and Background... 3 2 Study Framework...
More informationBuad 195 Chapter 4 Example Solutions, Pre-Midterm Page 1 of 9
Buad 195 Chapter 4 Example Solutions, Pre-Midterm Page 1 of 9 Example 1 4-5 page 116 Ross Pro s Sports Equipment + Projected sales... 4,800 units + Desired ending inventory... 480 (10% 4,800) Beginning
More informationExecutive Summary. July 17, 2015
Executive Summary July 17, 2015 The Revenue Estimating Conference adopted interest rates for use in the state budgeting process. The adopted interest rates take into consideration current benchmark rates
More informationSchedule of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: Commissioners Simpson, Helgeson, Manning, Mital and Brown FROM: Sue Fahey, Chief Financial Officer; Susan Eicher, Accounting & Treasury Supervisor
More informationMay 15, Duke Energy Ohio, Inc., and Duke Energy Kentucky, Inc. Formula Rate Annual Update Docket No. ER
Gary A. Morgans 202 429 6234 gmorgans@steptoe.com 1330 Connecticut Avenue, NW Washington, DC 20036-1795 202 429 3000 main www.steptoe.com The Hon. Kimberly D. Bose Secretary Federal Energy Regulatory Commission
More informationQUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
More informationSection 6621 of the Internal Revenue Code establishes the interest rates on
Part 1 Section 6621.--Determination of Rate of Interest 26 CFR 301.6621-1: Interest rate. Rev. Rul. -32 Section 6621 of the Internal Revenue Code establishes the interest rates on overpayments and underpayments
More information(U 338-E) 2018 General Rate Case A Workpapers REVISED. RO- Rate Base SCE-09 Volume 02, Chapter IV, Book A
(U 338-E) 2018 General Rate Case A.16-09-001 Workpapers REVISED RO- Rate Base SCE-09 Volume 02, Chapter IV, Book A September 2016 1 SCE-9, VOLUME 2, CHAPTER IV Rate Base Overview Witness: David Gunn Adjustments
More informationStatement of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: FROM: DATE: August 26, 2016 SUBJECT: OBJECTIVE: Commissioners Simpson, Helgeson, Manning, Mital and Brown Sue Fahey, CFO; Susan Eicher, Accounting
More informationSECOND QUARTER 2017 RESULTS. August 3, 2017
SECOND QUARTER 2017 RESULTS August 3, 2017 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains forward-looking statements based on current expectations, including statements
More informationSection 6621(c) provides that for purposes of interest payable under 6601 on any large corporate underpayment, the underpayment
Section 6621. Determination of Interest Rate 26 CFR 301.6621 1: Interest rate. Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar
More informationARKANSAS PUBLIC SERVICE COMMISSION
ARKANSAS PUBLIC SERVICE COMMISSION Original Sheet No. 44.1 Schedule Sheet 1 of 33 Including Attachments Entergy Arkansas, Inc. Name of Company Kind of Service: Electric Part III. Title: Formula Rate Plan
More informationEntergy Louisiana, LLC (5) 2016 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2015.
Entergy Louisiana, LLC (5) 2016 Pole Attachment Formula and Calculation for Public Utilities For the Test Year Ended December 31, 2015 Ln Description FF1 Ref. [1] USofA [2] Amount 1 Gross Plant 110.4.c
More informationFLORIDA PUBLIC SERVICE COMMISSION OFFICE OF TELECOMMUNICATIONS
FLORIDA PUBLIC SERVICE COMMISSION OFFICE OF TELECOMMUNICATIONS APPLICATION FORM FOR AUTHORITY TO PROVIDE TELECOMMUNICATIONS COMPANY SERVICE WITHIN THE STATE OF FLORIDA Instructions A. This form is used
More informationExhibit PSE-501 Period II John Story. Statement AA - Period II Puget Sound Energy Balance Sheets
Statement AA - Period II Balance Sheets Page 1 of 4 FERC 2010 Change 2011 Line No. Account Description Amount Amount Utility Plant 1. 101 Plant in Service $9,793,926,043 $478,686,201 $10,272,612,244 2.
More informationFERC EL Settlement Agreement
FERC EL05-121-009 Settlement Agreement Ray Fernandez Manager, Market Settlements Development Market Settlements Subcommittee June 14, 2018 Settlement Agreement Details Settlement Agreement Details FERC
More informationStatements of Net Position - Business - Type Activities South Carolina Public Service Authority As of September 30, 2018 and December 31, 2017
Statements of Net Position - Business - Type Activities As of September 30, 2018 and December 31, 2017 ASSETS Current assets Unrestricted cash and cash equivalents $ 315,796 $ 731,758 Unrestricted investments
More informationHUD NSP-1 Reporting Apr 2010 Grantee Report - New Mexico State Program
HUD NSP-1 Reporting Apr 2010 Grantee Report - State Program State Program NSP-1 Grant Amount is $19,600,000 $9,355,381 (47.7%) has been committed $4,010,874 (20.5%) has been expended Grant Number HUD Region
More informationStatements of Net Position - Business - Type Activities South Carolina Public Service Authority As of March 31, 2018 and December 31, 2017
Statements of Net Position - Business - Type Activities As of March 31, 2018 and December 31, 2017 ASSETS Current assets Unrestricted cash and cash equivalents $ 207,610 $ 731,758 Unrestricted investments
More informationS \ d- CJ:::> oa J J_J..- I LR
~f\ #- 13ot.o Lakeside Waterworks, Inc. 2? _ S \ d- CJ:::> oa J J_J..- I LR OAT& POSIT r- Office of Commission Clerk Public Service Commission 2540 Shumard Oak Blvd. Tallahassee, FL 32399 AUG ~ 9 20~6
More information