U-1034-99 (INT) Exhibit 11 Lebens.pdf

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1
Line
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
'\30
31
32
Intermountain Gas Company
Case No. U-I034-99
Exhibit 11
Schedule 2
Page 1 of 2
Witness: Lebens
INTERMOUNTAIN GAS COMPAN
REQUIRED ADJUSTMTS TO STAFF'S PROPOSED COST OF SERVICE
Description
(a)
Amount
(b)
COST OF GAS
Projected therm sales decline
ODL-l commodity rate in effect
(6,159,367)
.42562
Adjustment required $ (2,621,550)
OPERATION AN MAINTENANCE EXPENSE
Provision for Bad Debts:
Adjusted test year sales revenues
Company proposed provision rate
Bad debt level proposed. by Company
Staff proposed level
Adj us tmen t required
$147,000,000
.00685
1,006,950
882,000
124,950
Weatherization & Financial Program Expenses:
Minimum level of other financing
and administrative expenses
Test year ended July 31, 1982
Increased level of expense
Staff proposed level
Adjustment required
69,583
17,060
52,523
52,523
Refund of C & K Exploration Advances:
Company's normalized therm sales level
Refund rate
Test year as adjusted
Staff proposed level
Adjustment required
240,020,227
.00088
(211 ,218)
(216,638)
5,420
Price Level Adjustment:
o & M expenses not separately adjusted
as proposed by Staff
Price level factor
Price level adjustment
Staff proposed adjustment
Adjustment required
3,735,278
.062
231,587
93,382
138,205
$321,098Total 0 & M Adjustment Required
Line
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Intermountain Gas Company
Case No. U-I034-99
Exhibit 11
Schedule 2
Page 2 of 2
Witness: Lebens
INTERMOUNTAIN GAS COMPAN
REQUIRED ADJUSTliNTS TO STAFF'S PROPOSED COST OF SERVICE
Description
(a)
Amount
(b)
INCOME TAXES ~ STATUTORY RATES
Operating Revenues
Operating Expenses (excluding income taxes)
Income before interest & income taxes
Interest Charges -
Rate base
LIT & SIT debt weighted
average interest cost
$ 139,540,973
(132,449,440)7,091,533
$67,287,895
4.678% 11 (3iI47,728)
State Taxable Income
Less - State Taxes ~ 6 1/2%
3,943,805
(456,347)
Federal Taxable Income $3,687 i458
Federal Taxes ~ 46%
Less - surtax exemption
ITC amortization
$1,696,231
09,875)
(116,000)
Net Federal Tax
State Tax
Amortization of Unfunded Future
Tax Liability
1,560,356
256,347
242,910
Income Taxes for Test Year as Adjusted
Income Taxes for Staff Proposed Test Year
2,059,613
2,533,954
(474,341)Adjustment Required $
11 Per revised Exhibit 6, Schedule 5
Li
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No
.
3 4 5 6
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