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HomeMy WebLinkAbout20170705Larsen Exhibit 28.pdfCase No.PAC-E-17-07 Exhibit No.28 Witness:Jeffrey K.Larsen BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION ROCKY MOUNTAIN POWER Exhibit Accompanying Direct Testimony of Jeffrey K.Larsen June 2017 O O g Pa c i f l C o r p Id a h o Co m b i n e d Pro j e c t s - Ex a m p l e Mo n t h l y RT M De f e r r a l Ca l c u l a t i o n Re v e n u e Re q u i r e m e n t $-T h o u s a n d s 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 20 2 0 Lin e No . Re f e r e n c e Ja n u a r y Fe b r u a r y Ma r c h Ap r i l Ma y Ju n e Ju l y Au g u s t Se p t e m b e r Oc t o b e r No v e m b e r De c e m b e r To t a l Co m p a n y Pla n t Re v e n u e Re q u i r e m e n ' 1 Ca p i t a l l n v e s t m e n t - - - - - - - - - - 2.0 6 4 . 8 4 8 2,0 6 4 . 8 4 8 2 De p r e c i a t i o n Re s e r v e - - - - - - - - - - (4 , 8 5 0 ) (9 , 6 9 9 ) 3 Ac c u m u l a t e d DiT Ba l a n c e - - - - - - - - - - (3 0 . 3 8 4 ) (1 3 7 , 4 4 2 ) 4 Ne t Ra t e Ba s e su m of lin e s 1-3 - - - - - - - - - - 2,0 2 9 , 6 1 4 1.9 1 7 , 7 0 6 5 Pr e - T a x R a t e o f R e t u r n lin e 3 7 10 . 6 8 1 % 10 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 6 Pre - T a x Re t u r n on Ra t e Ba s e Fo o t n o t e 1 - - - - - - - - - - - 18 . 0 6 6 7 Wh o l e s a l e Wh e e l i n g Re v e n u e Fo o t n o t e 2 - - - - - - - - - - (1 3 1 ) (8 6 0 ) 8 Op e r a t i o n & Ma i n t e n a n c e - - - - - - - - - - 1.5 9 8 1.5 9 8 9 De p r e c i a t i o n - - - - - - - - - - 4.8 5 0 4,8 5 0 10 Pro p e r t y Ta x e s Pri o r De c e m b e r (li n e 1 + lin e 2) x lin e 38 11 Win d Ta x 12 To t a l Pla n t Re v e n u e Re q u i r e m e n su m of lin e s 7-1 1 - - - - - - - - - - 6.3 1 6 23 . 6 5 4 Ne t Po w e r Co s t 13 NP C In c r e m e n t a l Sa v i n g s Se e Ex h i b i t 29 - - (8 . 5 4 5 ) (8 . 5 4 5 ) PT C Be n e f i t 14 PT C Be n e f i t - - - - - - - - - - (8 . 9 0 3 ) (8 . 9 0 3 ) 15 PT C Be n e f i t in Ba s e Ra t e s 16 Ne t PT C su m of lin e s 14 an d 15 - - - - - - - - - - (8 . 9 0 3 ) (8 . 9 0 3 ) 17 G r o s s - u p f o r t a x e s li n e 1 6 ° ( l i n e 3 5 - 1 ) - - - - - - - - - -( 5 . 4 4 5 ) ( 5 , 4 4 5 ) 18 P T C R e v e n u e R e q u i r e m e n t su m o f l i n e 1 6 a n d 1 7 - - - - - - - - - -( 1 4 . 3 4 8 ) ( 1 4 . 3 4 8 ) 19 Re v . Re q u i r e m e n t su m of lin e s 12 . 13 an d 18 - - - (1 6 . 5 7 7 ) 76 1 Ad j u s t m e n t fo r EC A M Pa s s - t h r o u g l 20 PT C Re v e n u e Re q u i r e m e n t lin e 18 - - - - - - - - - - (1 4 . 3 4 8 ) (1 4 . 3 4 8 ) 21 P e r c e n t a g e i n c l u d e d i n E C A M ( 1 0 0 % ) ID E C A M S h a r i n g % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 22 Ne t PT C Aft e r Pa s s - t h r o u g h lin e 20 lin e 21 - - - - - - - - - - (1 4 , 3 4 8 ) (1 4 , 3 4 8 ) 23 NP C In c r e m e n t a l Sa v i n g s lin e 13 - - - - - - - - - - (8 . 5 4 5 ) (8 . 5 4 5 ) 24 P e r c e n t a g e i n c l u d e d i n E C A M ( 9 0 % ) ID E C A M S h a r i n g % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 25 E C A M P a s s - t h r o u g h lin e 2 3 " l i n e 2 4 - - - - - - - - - -( 7 . 6 9 0 ) ( 7 . 6 9 0 ) 26 Re v . Re g t af t e r EC A M Pa s s - t h r o u g t lin e 19 - lin e 22 -li n e 25 - 5.4 6 2 22 . 7 9 9 Id a h o All o c a t e d 27 To t a l De f e r r a l - ID Sh a r e (L n 26 -In 10) * In 39 + In 10 * In 40 - - 32 8 1, 3 7 1 28 No t Cu s t o m e r Be n e f i l (li n e 22 + lin e 25) lin e 36 + lin e 24 - - (9 9 7 ) 46 De f e r r a l Ba l a n c e - ID Sh a r e 29 Be g i n n i n g De f e r r a l Ba l a n c e lin e 33 of pre v i o u s mo n t h - - - - - - - - - - - 32 9 30 Mo n t h l y De f e r r a l lin e 24 - - - - - - - - - - 32 8 1.3 7 1 31 De f e r r a l Co l l e c t i o n Fo o t n o t e 3 32 Ca r r y i n g Ch a r g e (In 29 + .5 * (in 30 + In 31 ) ) * In 36 - - - - - - - - - - 0 1 33 En d i n g De f e r r a l Ba l a n c e su m of lin e s 29 - 3 2 - - - - - - - - - 32 9 1.7 0 0 34 Fe d e r a l / S t a t e Co m b i n e d Ta x Ra t e Ex h i b i t 29 . lin e 5 37 . 9 5 1 % 35 Ne t to Gr o s s Bu m p up Fa c t o r = (1 / ( 1 - t a x ra t e ) ) Ex h i b i t 29 , lin e 6 1.6 1 1 6 36 De f e r r e d Ba l a n c e Ca r r y i n g Ch a r g e Ex h i b i t 27 lin e 35 1.0 0 % 37 Pre l a x Re t u r n Ex h i b i t 29 , lin e 4 10 . 6 8 1 % 38 Pro p e r t y Ta x Ra t e Ex h i b i t 29 . lin e 14 0.7 8 % 39 Id a h o SG Fa c t o r Ex h i b i t 29 . lin e 15 6 01 3 6 % 40 Id a h o GP S Fa c t o r Ex h i b i t 29 . lin e 16 5.7 9 7 8 % Fo o t n o t e s : 1) Pre - t a x Re t u r n , lin e 6, is ca l c u l a t e d as th e ra t e of re t u m (li n e 5) mu l t i p l i e d by th e en d i n g ne t ra t e ba s e of th e pri o r mo n t h (lin e 4) div k i e d by 12 2) In c l u d e s Wh o l e s a l e Wh e e l i n g Re v e n u e of f s e t fo r tr a n s m i s s i o n as s e t cre d i t alr e a d y in ba s e ra t e s 3) Fo r ill u s t r a t i v e pu r p o s e s , co l l e c t i o n of De c e m b e r s ba l a n c e is as s u m e d to be co l l e c t e d be g i n n i n g th e fo l l o w i n g Ju n e 1 . O g Pa c i f i C o r p Id a h o Co m b i n e d Pro j e c t s - Ex a m p l e Mo n t h l y RT M De f e r r a l Ca l c u l a t i o n Re v e n u e Re q u i r e m e n t $-T h o u s a n d s 20 2 1 20 2 1 202 1 20 2 1 20 2 1 20 2 1 20 2 1 20 2 1 20 2 1 20 2 1 20 2 1 20 2 1 Lin e No . Re f e r e n c e Ja n u a r y Fe b r u a r y Ma r c h Ap r i l Ma y Ju n e Ju l y Au g u s t Se p t e m b e r Oc t o b e r No v e m b e r De c e m b e r To t a l Co m p a n y Pla n t Re v e n u e Re q u i r e m e n 1 Ca p i t a l l n v e s t m e n t 2.0 6 4 8 4 8 2.0 6 4 . 8 4 8 2,0 6 4 . 8 4 8 2.0 6 4 8 4 8 2.0 6 9 . 0 5 8 2.0 6 9 . 0 5 8 2.0 6 9 . 0 5 8 2.0 6 9 . 0 5 8 2.0 6 9 . 0 5 6 2,0 6 9 0 5 8 2.0 8 6 , 9 1 7 20 8 6 . 9 1 7 2 De p r e c i a b o n R e s e r v e (1 4 . 5 4 9 ) (1 9 . 3 9 9 ) (2 4 . 2 4 8 ) (2 9 0 9 8 ) (3 3 . 9 5 4 ) (3 8 . 8 1 0 ) (4 3 . 6 6 7 ) (4 8 5 2 3 ) (5 3 . 3 7 9 ) (5 8 2 3 5 ) (6 3 1 4 3 ) (6 8 . 0 5 0 ) 3 Ac c u m u l a t e d D I T B a l a n c e (1 3 7 . 4 4 2 ) (1 3 7 . 4 4 2 ) (1 7 7 . 4 8 3 ) (1 7 7 4 8 3 ) (1 7 7 . 4 8 3 ) (2 1 7 . 5 2 4 ) (2 1 7 , 5 2 4 ) (2 1 7 5 2 4 ) (2 5 7 , 5 6 4 ) (2 5 7 5 6 4 ) (2 5 7 . 5 6 4 ) (2 9 7 . 6 0 5 ) 4 Ne t R a t e B a s e su m o f f i n e s 1 - 3 1.9 1 2 . 8 5 6 1.9 0 8 . 0 0 7 1.8 6 3 . 1 1 6 1.8 5 8 2 6 7 1. 8 5 7 , 6 2 1 1.8 1 2 . 7 2 4 1.8 0 7 . 8 6 7 1,8 0 3 0 1 1 1.7 5 8 , 1 1 4 1,7 5 3 2 5 8 1.7 6 6 2 1 0 17 2 1 , 2 6 2 5 Pr e - T a x R a t e o f R e t u r n lin e 3 7 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 6P r e - T a x R e t u r n o n R a t e B a s e Fo o t n o t e 1 17 . 0 7 0 17 . 0 2 6 16 9 8 3 16 . 5 8 4 16 , 5 4 0 16 . 5 3 5 16 . 1 3 5 16 0 9 2 16 . 0 4 9 15 . 6 4 9 15 6 0 6 15 , 7 2 1 7 Wh o l e s a l e Wh e e l i n g Re v e n u e Fo o t n o t e 2 (9 1 3 ) (9 1 2 ) (9 1 1 ) (9 0 6 ) (9 0 5 ) (9 0 9 ) (9 0 3 ) (9 0 2 ) (9 0 1 ) (8 9 5 ) (8 9 4 ) (8 9 3 ) 8 Op e r a t i o n & Ma i n t e n a n c e 1. 6 8 2 1.6 8 2 1.6 8 2 1. 6 8 2 1.6 8 2 1.6 8 2 1.6 8 2 1.6 8 2 1.6 8 2 1.6 8 2 1 68 2 1.6 8 2 9 De p r e c i a t i o n 4.8 5 0 4.8 5 0 4 85 0 4,8 5 0 4.8 5 6 4.8 5 6 4.8 5 6 4.8 5 6 4. 8 5 6 4. 8 5 6 4.9 0 8 4,9 0 8 10 Pr o p e r t y Ta x e s Pri o r De c e m b e r (li n e 1 + lin e 2) x lin e 38 1. 3 2 7 1.3 2 7 1 32 7 1.3 2 7 1.3 2 7 1,3 2 7 1,3 2 7 1,3 2 7 1,3 2 7 1.3 2 7 1.3 2 7 1.3 2 7 11 Win d Ta x 12 T o t a l P l a n t R e v e n u e R e q u i r e m e n su m o f l i n e s 7 - 1 1 24 . 0 1 6 23 . 9 7 4 23 9 3 2 23 . 5 3 7 23 , 5 0 1 23 . 4 9 2 23 , 0 9 8 23 . 0 5 6 23 . 0 1 4 22 , 6 2 0 22 , 6 2 9 22 . 7 4 5 No t Po w e r Co s t 13 N P C i n c r e m e n t a l S a v i n g s Se e E x h i b i t 2 9 (5 0 6 2 ) (5 . 0 6 2 ) (5 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) PT C Be n e f i t 14 P T C B e n e f i t (6 7 7 7 ) (6 . 7 7 7 ) (6 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 , 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) 15 PT C Be n e f i t in Ba s e Ra t e s 16 Ne t PT C su m of lin e s 14 an d 15 (6 77 7 ) (6 . 7 7 7 ) (6 77 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) 17 G r o s s - u p f o r t a x e s lin e 1 6 * ( l i n e 3 5 - 1 ) (4 1 4 5 ) (4 . 1 4 5 ) (4 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 , 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) 18 PT C Re v e n u e Re q u i r e m e n t su m of lin e 16 en d 17 (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) 19 R e v . R e q u i r e m e n t su m o f l i n e s 1 2 . 1 3 a n d 1 8 80 3 2 7,9 9 0 79 4 8 7.5 5 4 7.5 1 8 7.5 0 9 7.1 1 4 7.0 7 2 7.0 3 0 6.6 3 6 6,6 4 5 6.7 6 2 Ad j u s t m e n t fo r EC A M Pa s s - t h r o u g l 20 P T C R e v e n u e R e q u i r e m e n t lin e 1 8 (1 0 9 2 1 ) (1 0 . 9 2 1 ) (1 0 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) 21 Pe r c e n t a g e in c l u d e d in EC A M (1 0 0 % ) 1D EC A M Sh a r i n g % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 22 Ne t PT C Aft e r Pa s s - t h r o u g h lin e 20 * lin e 21 (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) 23 NP C in c r e m e n t a l Sa v i n g s lin e 13 (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 , 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 , 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) (5 . 0 6 2 ) 24 Pe r c e n t a g e in c l u d e d in EC A M (9 0 % ) ID EC A M Sh a r i n g % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 25 E C A M P a s s - t h r o u g h lin e 2 3 * l i n e 2 4 (4 . 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 , 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 . 5 5 6 ) (4 , 5 5 6 ) (4 . 5 5 6 ) 26 R o v . R o q t a f t e r E C A M P a s s - t h r o u g t lin e 1 9 - l i n e 2 2 - l i n e 2 5 23 . 5 0 9 23 . 4 6 7 23 . 4 2 5 23 . 0 3 1 22 . 9 9 5 22 . 9 8 6 22 . 5 9 2 22 . 5 5 0 22 . 5 0 8 22 . 1 1 3 22 . 1 2 3 22 . 2 3 9 Id a h o All o c a t e d 27 To t a l De f e r r a l - ID Sh a r e (L n 26 - in 10 )  In 39 + In 10 * In 40 1. 4 1 1 1.4 0 8 1 40 6 1.3 8 2 1,3 8 0 1.3 7 9 1.3 5 6 1,3 5 3 1.3 5 1 1.3 2 7 1,3 2 8 1.3 3 5 28 Ne t Cu s t o m e r Be n e f i l (lin e 22 + lin e 25 ) * lin e 36 + lin e 24 48 0 47 8 47 5 451 44 9 44 9 42 5 42 2 42 0 39 6 39 7 40 4 De f e r r a l Ba l a n c e - ID Sh a r e 29 Be g i n n i n g De f e r r a l Ba l a n c e lin e 33 of pre v i o u s mo n t h 1. 7 0 0 3.1 1 3 4. 5 2 5 5. 9 3 5 7.3 2 3 8.7 0 9 9. 9 5 5 11 . 1 7 8 12 . 3 9 9 13 . 6 1 9 14 . 8 1 6 16 , 0 1 5 30 Mo n t h l y O e f e r r a l lin e 2 4 1, 4 1 1 1.4 0 8 1,4 0 6 1.3 8 2 1,3 8 0 1.3 7 9 1.3 5 6 1.3 5 3 1.3 5 1 1.3 2 7 1,3 2 8 1.3 3 5 31 De f e r r a l Co l l e c t i o n Fo o t n o t e 3 - - - - - (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) 32 Ca r r y i n g Ch a r g e (In 29 + .5 " (in 30 + In 31 ) ) ' In 36 2 3 4 6 7 8 9 10 11 12 13 14 33 E n d i n g D e f e r r a l B a l a n c e su m o f l i n e s 2 9 - 3 2 3,1 1 3 4.5 2 5 5. 9 3 5 7. 3 2 3 8.7 0 9 9. 9 5 5 11 . 1 7 8 12 . 3 9 9 13 . 6 1 9 14 . 8 1 6 16 . 0 1 5 17 . 2 2 1 34 Fe d e r a l / S t a t e Co m b i n e d Ta x Ra t e Ex h i b i t 29 . lin e 5 35 Ne t to Gro s s Bu m p up Fa c t o r = (1 / ( 1 - t a x ra t e ) ) Ex h i b i t 29 . lin e 6 36 De f e r r e d Ba l a n c e Ca r r y i n g Ch a r g e Ex h i b i t 27 lin e 35 37 Pre t a x Re t u m Ex h i b i t 29 , lin e 4 38 Pro p e r t y Ta x Ra t e Ex h i b i t 29 . lin e 14 39 Id a h o SG Fa c t o r Ex h i b i t 29 . lin e 15 40 Id a h o GP S Fa c t o r Ex h i b i t 29 , lin e 16 Fo o t n o t e s : 1) Pre - t a x Re t u r n , lin e 6, is ca l c u l a t e d as th e ra t e of re t u m (lin e 5) mu l t p l i e d by th e en d i n g ne t ra t e ba s e of th e pri o r mo n t h (li n e 4) div i d e d by 12 2) In c l u d e s Wh o l e s a l e Wh e e l i n g Re v e n u e off s e t fo r tra n s m i s s i o n as s e t cre d i t alr e a d y in ba s e ra t e s 3) Fo r ill u s t r a t i v e pu r p o s e s , co l l e c t i o n of De c e m b e r ' s ba l a n c e is as s u m e d to be co l l e c t e d be g i n n i n g th e fo l l o u n g Ju n e 1 O e Pa c i f i C o r p Id a h o Co m b i n e d Pro j e c t s - Ex a m p l e Mo n t h l y RT M De f e r r a l Ca l c u l a t i o n Re v e n u e Re q u i r e m e n t 5-T h o u s a n d s 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 20 2 2 Lin e No . Re f e r e n c e Ja n u a r y Fe b r u a r y Ma r c h Ap r i l Ma y Ju n e Ju l y Au g u s t Se p t e m b e r Oc t o b e r No v e m b e r De c e m b e r To t a l Co m p a n y Pla n t Re v e n u e Re q u i r e m e n 1 Ca p i t e l l n v e s t m e n t 2,0 8 6 , 9 1 7 2,0 8 6 , 9 1 7 2,0 8 6 . 9 1 7 2,0 8 6 9 1 7 2.0 8 6 . 9 1 7 20 8 6 9 1 7 20 8 6 . 9 1 7 20 8 6 9 1 7 2.0 8 6 9 1 7 2.0 8 6 . 9 1 7 20 8 6 . 9 1 7 2, 0 8 6 9 1 7 2 De p r e c a t i o n Re s e r v e (7 2 , 9 5 8 ) (7 7 . 8 6 5 ) (8 2 . 7 7 3 ) (8 7 68 0 ) (9 2 , 5 8 8 ) (9 7 49 5 ) (1 0 2 40 3 ) (1 0 7 31 0 ) (1 1 2 21 8 ) (1 1 7 . 1 2 6 ) (1 2 2 . 0 3 3 ) (1 2 6 94 1 ) 3 Ac c u m u l a t e d DiT Ba l a n c e (2 9 7 . 6 0 5 ) (2 9 7 . 6 0 5 ) (3 2 1 . 3 5 1 ) (3 2 1 35 1 ) (3 2 1 . 3 5 1 ) 4 Ne t Ra t e Ba s e su m of Un e s 1-3 1.7 1 6 , 3 5 4 1,7 1 1 . 4 4 7 1, 6 8 2 . 7 9 3 1,6 7 7 88 5 1,6 7 2 . 9 7 8 1.6 4 4 . 3 2 4 1.6 3 9 41 7 1.6 3 4 . 5 0 9 1 60 5 85 5 1.6 0 0 . 9 4 8 1.5 9 6 , 0 4 0 1 56 7 38 6 5 Pr e - T a x R a t e o f R e t u r n lin e 3 7 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 6 R 1 % 10 6 8 1 % 10 6 8 1 % 10 . 6 8 1 % 10 6 8 1 % 10 6 8 1 % 10 . 6 8 1 % 6P r e - T a x R e t u r n o n R a t e B a s e Fo o t n o t e l 15 . 3 2 1 15 . 2 7 7 15 . 2 3 4 14 . 9 7 9 14 , 9 3 5 14 , 8 9 1 14 . 6 3 6 14 . 5 9 2 14 5 4 9 14 . 2 9 4 14 , 2 5 0 14 . 2 0 6 7 Wh o l e s a l e Wh e e l i n g Re v e n u e Fo o t n o t e 2 (8 8 7 ) (8 8 6 ) (8 8 5 ) (8 8 0 ) (8 7 9 ) (8 7 7 ) (8 7 3 ) (8 7 1 ) (8 7 0 ) (8 6 5 ) (8 6 4 ) (8 6 3 ) 8O p e r a t i o n & M a i n t e n a n c e 1, 7 3 0 17 3 0 1.7 3 0 1, 7 3 0 1.7 3 0 1,7 3 0 1,7 3 0 1,7 3 0 1,7 3 0 1.7 3 0 1.7 3 0 1,7 3 0 9 De p r e c i a b o n 4.9 0 8 4 90 8 4.9 0 8 4.9 0 8 4.9 0 8 4.9 0 8 4. 9 0 8 4, 9 0 8 4.9 0 8 4.9 0 8 4.9 0 8 4.9 0 8 10 P r o p e r t y T a x e s Pri o r D e c e m b e r ( t i n e 1 + t i n e 2 ) x l i n e 3 8 1.3 0 4 13 0 4 1.3 0 4 1.3 0 4 1.3 0 4 1,3 0 4 1.3 0 4 1.3 0 4 1.3 0 4 1.3 0 4 1. 3 0 4 1.3 0 4 11 Win d Ta x 12 To t a l Pla n t Re v e n u e Re q u i r e m e n su m of lin e s 7-1 1 22 . 3 7 5 22 33 3 22 . 2 9 0 22 . 0 4 0 21 . 9 9 8 21 . 9 5 5 21 . 7 0 5 21 . 6 6 2 21 , 6 2 0 21 . 3 7 0 21 . 3 2 7 21 . 2 8 5 13 N e N P n c e n t a l S a v i n g s Se e E x h i b i i 2 g (3 . 4 1 6 ) (3 4 1 6 ) (3 . 4 1 6 ) (3 . 4 1 6 ) (3 , 4 1 6 ) (3 . 4 1 6 ) (3 . 4 1 6 ) (3 . 4 1 6 ) (3 . 4 1 6 ) (3 . 4 1 6 ) (3 , 4 1 6 ) (3 , 4 1 6 ) 14 PT C n fit (6 . 7 7 7 ) (6 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 , 7 7 7 ) (6 , 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) 15 PT C Be n e f i t in Ba s e Ra t e s (6 77 7 ) (6 77 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) ¯ (6 . 7 7 7 ) (6 . 7 7 7 ) (6 , 7 7 7 ) (6 . 7 7 7 ) (6 . 7 7 7 ) (6 , 7 7 7 ) 16 N e t P T C su m o f l i n e s 1 4 e n d 1 5 (4 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 1 4 5 ) (4 . 1 4 5 ) (4 . 1 4 5 ) (4 , 1 4 5 ) (4 , 1 4 5 ) (4 , 1 4 5 ) (4 , 1 4 5 ) 17 Gro s s - u p f o r t e x e s lin e 1 6 (li n e 3 5 11 7 (1 (1 0 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 9 2 1 ) (1 0 . 9 2 1 ) 18 PT C Re v e n u e Re q u i r e m e n t su m 19 Re v . Re q u i r e m e n 1 su m of lin e s 12, 13 an d 18 8 03 8 7 99 6 7.9 5 3 7. 7 0 3 7 66 0 7.6 1 8 7.3 6 8 7.3 2 5 7,2 8 3 7.0 3 3 6 99 0 6,9 4 8 Ad j u s t m e n t f o r E C A M P a s s - t h r o u g l (1 0 9 2 1 ) (1 0 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 , 9 2 1 ) (1 0 . 9 2 1 ) (1 0 9 2 1 ) (1 0 . 9 2 1 ) 20 PT C Re v e n u e Re q u i r e m e n t lin e 18 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 21 Pe r c e n t a g e in c l u d e d in EC A M (1 0 0 % ) ID EC A M Sh a r i n g % (1 0 92 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) (1 0 . 9 2 1 ) (1 0 92 1 ) (1 0 . 9 2 1 ) 22 Ne t PT C Aft e r Pa s s - t h r o u g h lin e 20 ' lin e 21 23 NP C In c r e m e n t a l Sa v i n g s lin e 13 (3 6) (3. 6) (3 . 4 1 6 ) (3 . 6) (3 ) (3 6) (3 6) (3 6) (3 . 64 ) (3 . 6) (3 (3 6) rn t a g e i n e d i n E C A M ( 9 0 % ) ID e E 2 C A M S h a r i n g % (3 0 7 4 ) (3 . 0 7 4 ) (3 . 0 7 4 ) (3 . 0 7 4 ) (3 0 7 4 ) (3 . 0 7 4 ) (3 . 0 7 4 ) (3 0 7 4 ) (3 , 0 7 4 ) (3 , 0 7 4 ) (3 0 7 4 ) (3 . 0 7 4 ) 26 Re v . Re q t aft e r EC A M Pa s s - t h r o u g t lin e 19 -lin e 22 -1 i n e 25 22 03 4 21 , 9 9 1 21 . 9 4 g 21 . 6 9 8 21 . 6 5 6 21 . 6 1 3 21 . 3 6 3 21 32 1 21 . 2 7 8 21 . 0 2 8 20 98 6 20 . 9 4 3 Id a h o T tla r al - ID Sh a r e (L n 26 -in 10) in 39 + In 10 ' in 40 1 32 2 1, 3 2 0 1.3 1 7 1.3 0 2 1.2 9 9 1.2 9 7 1.2 8 2 1.2 7 9 1,2 7 7 1,2 6 2 1.2 5 9 1.2 5 7 28 No t Cu s t o m e r Be n e f i l (lin e 22 + lin e 25 ) " lin e 36 + lin e 24 48 1 47 8 47 5 46 0 45 8 45 5 44 0 43 8 43 5 42 0 41 8 41 5 De f e r r a l B a l a n c e . I D S h a r e 17 . 2 2 1 18 . 4 1 6 19 , 6 1 0 20 . 8 0 2 21 . 9 8 1 23 . 1 5 7 23 . 0 3 8 22 . 9 0 4 22 . 7 6 7 22 . 6 2 8 22 , 4 7 3 22 . 3 1 6 29 B e g i n n i n g D e f e r r a l B a l a n c e lin e 3 3 o f p r e v i o u s m o n t h 1.3 2 2 1, 3 2 0 1.3 1 7 1.3 0 2 1.2 9 9 1.2 9 7 1.2 8 2 1.2 7 9 1.2 7 7 1.2 6 2 1. 2 5 9 1.2 5 7 30 Mo n t h l y De f e r r a l lin e 24 (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 4 2 ) (1 . 4 3 5 ) (1 . 4 3 5 ) (1 , 4 3 5 ) (1 . 4 3 5 ) (1 , 4 3 5 ) (1 , 4 3 5 ) (1 , 4 3 5 ) 31 De f e r r a l Co l l e c t i o n Fo o t n o t e 3 17 18 19 19 19 19 19 19 19 19 32 Ca r r y i n g Ch a r g e (In 29 + .5 (In 30 + In 31 ) ) ' In 36 18 . 4 19 , 6 20 , 8 0 2 21 . 9 8 1 23 . 1 5 7 23 . 0 3 8 22 . 9 0 4 22 . 7 6 7 22 . 6 2 8 22 , 4 7 3 22 , 3 1 6 22 . 1 5 6 33 En d i n g De f e r r a l Ba l a n c e su m of lin e s 29 - 3 2 34 Fe d e r a l / S t a t e Co m b i n e d Ta x Ra t e Ex h i b i t 29 lin e 5 35 Ne l to Gro s s Bu m p up Fa c t o r = (1 / ( 1 - t a x ra t e ) ) Ex h i b i t 29 lin e 6 36 De f e r r e d Ba l a n c e Ca r r y i n g Ch a r g e Ex h i b i t 27 lin e 35 37 Pr e t a x Re t u r n Ex h i b i t 29 lin e 4 38 Pr o p e r t y Ta x Ra t e Ex h i b i t 29 lin e 14 39 Id a h o SG Fa c t o r Ex h i b i t 29 lin e 15 40 Id a h o GP S Fa c t o r Ex h i b i t 29 lin e 16 Fo o t n o t e s : 1) Pre - t a x Re t u r n , lin e 6, is ca l c u l a t e d as th e ra t e of re t u r n (li n e 5) mu l t i p l i e d by th e en d i n g ne t ra t e ba s e of th e pri o r mo n t h (fi n e 4) div i d e d by 12 2) In c l u d e s Wh o l e s a l e Wh e e l i n g Re v e n u e off s e t fo r tra n s m i s s i o n as s e t cre d i t alr e a d y in ba s e ra t e s 3) Fo r ill u s t r a t i v e pu r p o s e s , co l l e c t i o n of De c e m b e r ' s ba l a n c e is as s u m e d to be co l l e c t e d be g i n n i n g th e fo l l o w i n g Ju n e 1 O g Pa c i f i C o r p Id a h o Co m b i n e d Pro j e c t s - Ex a m p l e Mo n t h l y RT M De f e r r a l Ca l c u l a t i o n Re v e n u e Re q u i r e m e n t $-T h o u s a n d s 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 20 2 3 Lin e No . Re f e r e n c e Ja n u a r y Fe b r u a r y Ma r c h Ap r i t Ma y Ju n e Ju l y Au g u s t Se p t e m b e r Oc t o b e r No v e m b e r De c e m b e r To t a l Co m p a n y Pla n t Re v e n u e Re q u i r e m e n t 1 Ca p i t a l i n v e s t m e n t 2.0 8 6 . 9 1 7 2,0 8 6 . 9 1 7 2.0 8 6 . 9 1 7 2,0 8 6 . 9 1 7 2,0 8 6 . 9 1 7 2.0 8 6 . 9 1 7 2.0 8 6 . 9 1 7 2.0 8 6 . 9 1 7 2, 0 8 6 . 9 1 7 2.0 8 6 , 9 1 7 2.0 8 6 . 9 1 7 2. 0 8 6 . 9 1 7 2 De p r e c i a t o n Re s e r v e (1 3 1 . 8 4 8 ) (1 3 6 . 7 5 6 ) (1 4 1 . 6 6 3 ) (1 4 6 . 5 7 1 ) (1 5 1 . 4 7 8 ) (1 5 6 . 3 8 6 ) (1 6 1 . 2 9 3 ) (1 6 6 . 2 0 1 ) (1 7 1 . 1 0 8 ) (1 7 6 . 0 1 6 ) (1 8 0 . 9 2 3 ) (1 8 5 . 8 3 1 ) 3 Ac c u m u l a t e d DIT Ba l a n c e (3 9 2 . 5 9 0 ) (3 9 2 . 5 9 0 ) (4 0 6 . 0 8 6 ) (4 0 6 . 0 8 6 ) (4 0 6 , 0 8 6 ) (4 1 9 . 5 8 2 ) (4 1 9 . 5 8 2 ) (4 1 9 . 5 8 2 ) (4 3 3 . 0 7 8 ) (4 3 3 , 0 7 8 ) (4 3 3 . 0 7 8 ) (4 4 6 . 5 7 4 ) 4 Ne t R a t e B a s e su m o f l i n e s 1 - 3 1.5 6 2 . 4 7 9 1.5 5 7 . 5 7 1 1. 5 3 9 , 1 6 8 1.5 3 4 . 2 6 0 1.5 2 9 . 3 5 3 1.5 1 0 . 9 4 9 1.5 0 6 . 0 4 2 1.5 0 1 . 1 3 4 1.4 8 2 . 7 3 1 1.4 7 7 . 8 2 4 1.4 7 2 . 9 1 6 1,4 5 4 . 5 1 3 5 Pr e - T a x Ra t e of Re t u m kne 37 10 . 6 8 1 4 . 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 10 . 6 8 1 % 6P r e - T a x R e t u r n o n R a t e B a s e Fo o t n o t e 1 13 . 9 5 1 13 . 9 0 8 13 . 8 6 4 13 . 7 0 0 13 . 6 5 6 13 . 6 1 3 13 . 4 4 9 13 . 4 0 5 13 , 3 6 2 13 , 1 9 8 13 . 1 5 4 13 . 1 1 0 7W h o l e s a l e W h e e l i n g R e v e n u e Fo o t n o t e 2 (8 5 7 ) (8 5 6 ) (8 5 5 ) (8 5 0 ) (8 4 9 ) (8 4 8 ) (8 4 4 ) (8 4 2 ) (8 4 1 ) (8 3 7 ) (8 3 6 ) (8 3 5 ) 8 Op e r a t i o n & Ma i n t e n a n c e 1 75 0 1,7 5 0 1,7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1.7 5 0 1,7 5 0 9 De p r e c i a t i o n 4 90 8 4.9 0 8 4,9 0 8 4, 9 0 8 4.9 0 8 4.9 0 8 4. 9 0 8 4, 9 0 8 4.9 0 8 4.9 0 8 4.9 0 8 4.9 0 8 10 P r o p e r t y T a x e s Pr i o r D e c e m b e r ( l i n e 1 + l i n e 2 ) x l i n e 3 8 12 6 6 1.2 6 6 1,2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 1.2 6 6 11 Whn d Ta x 59 59 59 59 59 59 59 59 59 59 59 59 12 T o t a l P l a n t R e v e n u e R e q u i r e m e n su m o f l i n e s 7 - 1 1 21 0 7 7 21 . 0 3 4 20 . 9 9 2 20 . 8 3 2 20 . 7 9 0 20 . 7 4 7 20 . 5 8 8 20 . 5 4 5 20 , 5 0 3 20 , 3 4 3 20 , 3 0 1 20 . 2 5 8 No t Po w e r Co s t 13 N P C i n c r e m e n t a l S a v i n g s Se e E x h i b i t 2 9 (3 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 , 4 6 1 ) (3 4 6 1 ) (3 , 4 6 1 ) (3 . 4 6 1 ) (3 , 4 6 1 ) (3 . 4 6 1 ) (3 , 4 6 1 ) PT C Be n e f i t 14 PT C Be n e f i t (7 03 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 03 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 , 0 3 7 ) (7 . 0 3 7 ) 15 PT C Be n e f i t in Ba s e Ra t e s 16 N e t P T C su m o f l i n e s 1 4 a n d 1 5 (7 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 0 3 7 ) (7 . 0 3 7 ) (7 . 0 3 7 ) (7 , 0 3 7 ) (7 , 0 3 7 ) (7 . 0 3 7 ) 17 G r o s s - u p f o r t a x e s lin e 1 6 ' ( l i n e 3 5 - 1 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) (4 . 3 0 4 ) 18 P T C R e v e n u e R e q u i r e m e n t su m o f l i n e 1 6 e n d 1 7 (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 3 4 1 ) (1 1 , 3 4 1 ) (1 1 . 3 4 1 ) (1 1 , 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) 19 Re v . Re q u i r e m e n t su m of lin e s 12, 13 an d 18 6, 2 7 4 6.2 3 1 6.1 8 9 6. 0 2 9 5. 9 8 7 5.9 4 4 5 78 5 5.7 4 2 6.7 0 0 5.5 4 1 5.4 9 8 5.4 5 6 Ad j u s t m e n t fo r EC A M Pa s s - t h r o u g l 20 PT C Re v e n u e Re q u i r e m e n t lin e 18 (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 34 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) 21 P e r c e n t a g e i n c l u d e d i n E C A M ( 1 0 0 % ) lD E C A M S h a r i n g % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 10 0 % 22 Ne t P T C A f t e r P a s s - t h r o u g h lin e 2 0 * l i n e 2 1 (1 1 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 , 3 4 1 ) (1 1 . 3 4 1 ) (1 1 3 4 1 ) (1 1 , 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) (1 1 . 3 4 1 ) 23 NP C i n c r e m e n t a l S a v i n g s lin e 1 3 (3 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 , 4 6 1 ) (3 4 6 1 ) (3 . 4 6 1 ) (3 . 4 6 1 ) (3 4 6 1 ) (3 . 4 6 1 ) (3 , 4 6 1 ) 24 P e r c e n t a g e i n c l u d e d i n E C A M ( 9 0 % ) ID E C A M S h a r i n g % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 90 % 25 E C A M P a s s - t h r o u g h lin e 2 3 * l i n e 2 4 (3 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) (3 , 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) (3 1 1 5 ) (3 . 1 1 5 ) (3 . 1 1 5 ) 26 Re v . Re q t aft e r EC A M Pa s s - t h r o u g t lin e 19 - lin e 22 -1 i n e 25 20 73 0 20 . 6 8 8 20 . 6 4 5 20 . 4 8 6 20 , 4 4 4 20 . 4 0 1 20 . 2 4 2 20 . 1 9 9 20 . 1 5 7 19 99 7 19 , 9 5 5 19 . 9 1 2 Id a h o All o c a t e d 27 To t a l De f e r r a i - ID Sh a r e (L o 26 -in 10 ) * In 39 + in 10 * In 40 1 24 4 1.2 4 1 1.2 3 9 1.2 2 9 1,2 2 7 1.2 2 4 1.2 1 5 1.2 1 2 1,2 0 9 1 20 0 1, 1 9 7 1.1 9 5 28 Ne t Cu s t o m e r Be n e f H (li n e 22 + lin e 25 ) * lin e 36 + Ho e 24 37 5 37 2 36 9 36 0 35 7 35 5 34 5 34 3 34 0 33 0 32 8 32 5 De f e r r a l Ba l a n c e - ID Sh a r e 29 B e g i n n i n g D e f e r r a l B a l a n c e lin e 3 3 o f p r e v i o u s m o o t h 22 1 5 6 21 . 9 8 3 21 , 8 0 8 21 . 6 3 0 21 . 4 4 2 21 . 2 5 1 20 . 6 4 6 20 , 0 3 1 19 4 1 3 16 7 9 2 18 . 1 6 1 17 . 5 2 7 30 M o n t h l y O e f e r r a l lin e 2 4 1.2 4 4 1,2 4 1 1,2 3 9 1.2 2 9 1,2 2 7 1.2 2 4 1.2 1 5 1.2 1 2 12 0 9 1.2 0 0 1, 1 9 7 1.1 9 5 31 De f e r r a t Co l l e c t i o n Fo o t n o t e 3 (1 . 4 3 5 ) (1 . 4 3 5 ) (1 . 4 3 5 ) (1 . 4 3 5 ) (1 . 4 3 5 ) (1 . 8 4 6 ) (1 , 8 4 6 ) (1 . 8 4 6 ) (1 84 6 ) (1 . 8 4 6 ) (1 , 8 4 6 ) (1 , 8 4 6 ) 32 C a r r y i n g C h a r g e (I n 2 9 + . S ( I n 3 0 + l n 3 1 ) ) * l n 3 6 18 18 18 18 18 17 17 16 16 15 15 14 33 E n d i n g D e f e r r a l B a l a n c e su m o f l i n e s 2 9 - 3 2 21 . 9 8 3 21 . 8 0 8 21 . 6 3 0 21 . 4 4 2 21 . 2 5 1 20 , 6 4 6 20 . 0 3 1 19 , 4 1 3 18 . 7 9 2 18 . 1 6 1 17 . 5 2 7 16 , 8 9 0 34 Fe d e r a l / S t a t e Co m b i n e d Ta x Ra t e Ex h i b i t 29 . lin e 5 35 Ne t to Gro s s Bu m p up Fa c t o r = (1 / ( 1 - t a x ra t e ) ) Ex h i b i t 29 lin e 6 36 De f e r r e d Ba l a n c e Ca r r y i n g Ch a r g e Ex h i b i t 27 lin e 35 37 Pre t a x Re t u r n Ex h i b i t 29 lin e 4 38 Pro p e r t y Ta x Ra t e Ex h i b i t 29 lin e 14 39 Id a h o SG Fa c t o r Ex h i b i t 29 lin e 15 40 id a h o GP S Fa c t o r Ex h i b i t 29 . lin e 16 Fo o t n o t e s : 1) Pre - t a x Re t u r n , lin e 6, is ca l c u l a t e d as th e ra t e of re t u m (lin e 5) mu l u p l i e d by th e en d i n g ne t ra t e ba s e of th e pri o r mo n t h (li n e 4) div i d e d by 12 2) In c l u d e s Wh o l e s a l e Wh e e l i n g Re v e n u e off s e t fo r tra n s m i s s i o n as s e t cre d i t alr e a d y in s rr a t e s s t r a t i v e pu r p o s e s , co l l e c t i o n of De c e m b e r s ba l a n c e is as s u m e d to be co l l e c t e d be g i n n i n g th e fo l l o w i n g Ju n e 1 O g Pa c i f l C o r p Id a h o Co m b i n e d Pr o j e c t s - Ex a m p l e Mo n t h l y RT M De f e r r a l Ca l c u l a t i o n Re v e n u e Re q u i r e m e n t To t a l Pl a n t Re v e n u e Re q u i r e m e n t (L i n e s 1- 1 2 , 37 ) : Ex h i b i t 28 sh o w s th e ca l c u l a t i o n of th e RT M re v e n u e re q u i r e m e n t de f e r r a l de s c r i b e d in my te s t i m o n y . Th e ca l c u l a t i o n sta r t s wi t h to t a l Co m p a n y am o u n t s on lin e s 1 - 26 to ca l c u l a t e th e Id a h o sp e c i f i c am o u n t s on lin e s 27 - 33 . To ca l c u l a t e th e re t u r n on ra t e ba s e as s o c i a t e d wit h th e co m b i n e d in v e s t m e n t , ne t ra t e ba s e is ca l c u l a t e d on a mo n t h l y ba s i s . Th e ne t ra t e ba s e ba l a n c e on li n e 4 in c l u d e s th e co m b i n e d in v e s t m e n t in win d an d tr a n s m i s s i o n re s o u r c e s , al o n g wi t h th e as s o c i a t e d im p a c t s on th e de p r e c i a t i o n re s e r v e an d ac c u m u l a t e d DI T Ba l a n c e . Th e mo n t h l y be g i n n i n g ne t ra t e ba s e (t h e fi n a l am o u n t fr o m th e pr i o r mo n t h ) is th e n mu l t i p l i e d by th e pr e - t a x We i g h t e d Av e r a g e Co s t of Ca p i t a l (" W A C C " ) fr o m th e la s t Id a h o ge n e r a l ra t e ca s e on lin e 5 to de t e r m i n e th e Co m p a n y ' s pr e - t a x re t u r n on ra t e ba s e on lin e 6. Th e ex a m p l e us e s th e pr e - t a x WA C C f r o m Ca s e No . PA C - E - 1 5 - 0 9 . Th e to t a l pl a n t re v e n u e re q u i r e m e n t is ca l c u l a t e d by ta k i n g th e re t u r n on ra t e ba s e sh o w n on lin e 6 an d ad d i n g wh o l e s a l e wh e e l i n g re v e n u e , O& M ex p e n s e , de p r e c i a t i o n ex p e n s e , pr o p e r t y ta x e s an d wi n d ta x on lin e s 7 - 11 to de t e r m i n e th e to t a l pla n t re v e n u e re q u i r e m e n t on lin e 12 . Wh o l e s a l e wh e e l i n g re v e n u e on li n e 7 re f l e c t s th e 3r d pa r t y wh e e l i n g re v e n u e as s o c i a t e d wi t h th e ne w tr a n s m i s s i o n in v e s t m e n t . Ne t Po w e r Co s t s (L i n e 13 ) : Th e to t a l co m p a n y in c r e m e n t a l NP C sa v i n ss o c i a t e d wi t h ne w wi n d re s o u r c e s is sh o w n on li n e 13 . Th e in c r e m e n t a l NP C sa v i n g s as s o c i a t e d wi t h th e ne w wi n d pr o j e c t s ar e mu l t i p l i e d by nin e t y pe r c e n t on li n e 24 to de t e r m i n e t mo u n t of th e NP C sa v i n g s th a t wi l l be re t u r n e d to cu s t o m e r s th r o u g h th e sh a r i n g ba n d of th e EC A M . Th e RT M is de s i g n e d to pr o v i d e th e re m a i n i n g te n pe r c e n t of th e NP C sa v i n g ac k to cu s t o m e r s th r o u g h th e de f e r r a l . PT C Be n e f i t s (L i n e s 14 - 1 8 , 34 , 35 ) : Li n e s 14 - 1 8 sh o w th e ca l c u l a t i o n of th e PT C be n e f i t s as s o c i a t e d wit h th e ne w wi n d re s o u r c e s . Th e ac t u a l PT C sa l e s ar e gr o s s e d - u p fo r ta x e s us i n g th e ne t - t o - g r o s s bu m p - u p fa c t o r fr o m th e Co m p a n y ' s la s t ge n e r a l ra t e ca s e (s h o w n on lin e IS ) to de r i v e th e PT C re v e n u e re q u i r e m e n t on li n e 18 . Th e ta x gr o s s - u p is ne c e s s a r y fo r cu s t o m e r s to ge t th e fu l l re v e n u e re q u i r e m e n t be n e f i t of th e PT C s an d is ca l c u l a t e d us i n g th e od e r a l an d sta t e co m b i n e d ta x ra t e sh o w n on li n e 34 wh i c h wa s als o in c l u d e d in th e la s t ge n e r a l ra t e ca s e . On e hu n d r e d pe r c e n t of Id a h o ' s sh a r e of th e PT C s ar e re t u r n e d to cu s t o m e r s tl wu g h th e EC A M wh i c h ca n be se e n on li n e 22 . De f e r r a l Ba l a n c e (L i n e s 19 -- 30 ) : Th e Id a h o sh a r e of th e ne t de f e r r a l be g i n s by ca l c u l a t i n g th e to t a l co m b i n e d pr o j e c t re v e n u e re q u i r e m e n t on lin e 19 , wh i c h is th e su m of To t a l Pl a n t Re v e n u e Re q u i r e m e n t on lin e 12 , NP C In c r e m e n t a l Sa v i n g s on lin e 13 , an d PT C Re v e n u e Re q u i r e m e n t on lin e 18 . Th e PT C EC A M pa s s - t h r o u g h on lin e 22 an d NP C EC A M pa s s - t h r o u g h on lin e 25 is su b t r a c t e d to pr o v i d e th e Re v e n u e Re q u i r e m e n t aft e r EC A M Pa s s - t h r o u g h on li n e 26 . Th e Ne t Cu s t o m e r Be n e f i t (l i n e 28 ) is th e su m of th e EC A M Pa s s - t h r o u g h s (l i n e 22 an d lin e 25 ) an d th e To t a l De f e r r a l - Id a h o Sh a r e (l i n e 27 ) . Th e ca r r y i n g ch a r g e , sh o w n on lin e 32 is ca l c u l a t e d us i n g th e Co m m i s s i o n - a u t h o r i z e d ra t e on lin e 36 an d is co n s i s t e n t wit h th e ca l c u l a t i o n s us e d in th e Co m p a n y ' s ot h e r me c h a n i s m s su c h as th e EC A M . As de s c r i b e d ea r l i e r , ea c h mo n t h th e to t a l - C o m p a n y RT M re v e n u e re q u i r e m e n t wi l l be ca l c u l a t e d as il l u s t r a t e d on Ex h i b i t 28 to ali g n wi t h th e re s o u r c e s in c l u d e d in th e EC A M . On c e pe r ye a r on a ca l e n d a r - y e a r ba s i s , th e Co m p a n y wi l l su m th e mo n t h l y RT M re v e n u e re q u i r e m e n t en t r i e s to pr e p a r e th e an n u a l RT M ap p l i c a t i o n fo r fi l i n g wi t h th e Co m m i s s i o n on Ap r i l 1, wi t h an in t e r i m ra t e ef f e c t i v e da t e th a t co r r e s p o n d s wit h th e EC A M ap p l i c a t i o n , Ju n e 1.