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HomeMy WebLinkAbout20160812Darrington Exhibit 13.pdfRonald L. Williams, ISB No. 3034 Williams Bradbury, P.C. 1015 W. Hays St. Boise, ID 83702 Telephone: (208) 344-6633 Email: ron@williamsbradbury.com Attorneys for Intermountain Gas Company BEFORE THE IDAHO PUBLIC UTILITES COMMISSION IN THE MATTER OF THE APPLICATION OF INTERMOUNTAIN GAS COMPANY FOR THE AUTHORITY TO CHANGE ITS RATES AND CHARGES FOR NATURAL GAS SERVICE TO NATURAL GAS CUSTOMERS IN THE STATE OF IDAHO ) ) ) ) ) ) ) Case No. INT-G-16-02 EXHIBIT 13 Line Gas Plant in Service ARO Month End Average No.Month a/c 1010 and 1060[2]Adjustment[3]Total Balance (a)(b)(c)(d)(e) 1 December 2015 599,920,846$ (18,208,107)$ 581,712,739$ 2 582,550,705$ 3 January 2016 601,596,777 (18,208,107) 583,388,670 4 584,497,119 5 February 603,813,675 (18,208,107) 585,605,568 6 586,521,311 7 March 603,482,731 (16,045,678) 587,437,053 8 588,115,133 9 April 604,838,891 (16,045,678) 588,793,213 10 589,775,529 11 May 606,803,522 (16,045,678) 590,757,844 12 592,109,551 13 June 609,616,576 (16,155,318) 593,461,258 14 595,397,959 15 July 613,489,977 (16,155,318) 597,334,659 16 599,122,794 17 August 617,066,247 (16,155,318) 600,910,929 18 602,815,910 19 September 620,876,208 (16,155,318) 604,720,890 20 607,022,877 21 October 625,480,182 (16,155,318) 609,324,864 22 610,402,237 23 November 627,634,927 (16,155,318) 611,479,609 24 614,455,580 25 December 633,586,869 (16,155,318) 617,431,551 - 26 Total 7,152,786,705$ 27 Divided by 12 28 Average Balance 596,065,559$ NOTES [3] As per prior Commission orders, the Asset Retirement Obligation is removed from the calculation of rate base to avoid double charging customers for the cost of removing tangible long-lived assets. The cost of removal is already included in the Company's approved depreciation rates. Intermountain Gas Company Gas Plant in Service - Original Cost For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. [2] See T. Dedden's Exhibit 07, Page 1, Column (b). Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 1 of 7 Accumulated Provision Line for Depreciation ARO RWIP Month End Average No.Month a/c 1080 and 1110[2]Adjustment[3]Adjustment[4]Total Balance (a)(b)(c)(d)(e)(f) 1 December 2015 (304,247,389)$ 4,726,372$ (238,276)$ (299,759,293)$ 2 (300,227,129)$ 3 January 2016 (305,203,358) 4,726,372 (217,978) (300,694,964) 4 (301,761,243) 5 February (307,494,066) 4,726,372 (59,828) (302,827,522) 6 (303,458,268) 7 March (308,117,867) 4,185,070 (156,217) (304,089,014) 8 (304,704,704) 9 April (309,349,841) 4,185,070 (155,623) (305,320,394) 10 (305,887,482) 11 May (310,419,053) 4,185,070 (220,586) (306,454,569) 12 (306,883,479) 13 June (311,380,090) 4,194,750 (127,048) (307,312,388) 14 (308,270,844) 15 July (313,297,002) 4,194,750 (127,048) (309,229,300) 16 (310,200,318) 17 August (315,239,037) 4,194,750 (127,048) (311,171,335) 18 (312,149,958) 19 September (317,196,283) 4,194,750 (127,048) (313,128,581) 20 (314,110,668) 21 October (319,160,456) 4,194,750 (127,048) (315,092,754) 22 (316,089,045) 23 November (321,153,038) 4,194,750 (127,048) (317,085,336) 24 (317,667,013) 25 December (322,316,392) 4,194,750 (127,048) (318,248,690) - 26 Total (3,701,410,151)$ 27 Divided by 12 28 Average Balance (308,450,846)$ NOTES [3] As per prior Commission orders, the Asset Retirement Obligation is removed from the calculation of rate base to avoid double charging customers for the cost of removing tangible long-lived assets. The cost of removal is already included in the Company's approved depreciation rates. [4] Accumulated Provision for Depreciation related to the Retirement Work in Process represents the work performed but not yet completed to retire plant-in-service. Retirement work in process is removed from the calculation of rate base because it represents assets that are in the process of being retired but are still used and useful at the end of the month. Intermountain Gas Company Accumulated Depreciation - Gas Plant in Service For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. [2] See T. Dedden's Exhibit 07, Page 2, Column (b). Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 2 of 7 Plant Materials & Line Operating Supplies Undistributed Stores Month End Average No.Month a/c 1540[2]a/c 1630[3]Total Balance (a)(b)(c)(d)(e) 1 December 2015 2,920,938$ -$ 2,920,938$ 2 2,988,021$ 3 January 2016 3,048,127 6,977 3,055,104 4 3,087,336 5 February 3,103,015 16,553 3,119,568 6 3,102,734 7 March 3,078,240 7,660 3,085,900 8 3,176,885 9 April 3,221,312 46,558 3,267,870 10 3,303,353 11 May 3,297,913 40,922 3,338,835 12 3,277,147 13 June 3,235,382 (19,924) 3,215,458 14 3,191,666 15 July 3,066,424 101,450 3,167,874 16 3,216,868 17 August 3,167,364 98,497 3,265,861 18 3,207,242 19 September 3,111,774 36,849 3,148,623 20 3,143,675 21 October 3,128,634 10,093 3,138,727 22 3,152,874 23 November 3,163,030 3,990 3,167,020 24 2,941,776 25 December 2,716,531 - 2,716,531 - 26 Total 37,789,577$ 27 Divided by 12 28 Average Balance 3,149,131$ NOTES [3] See T. Dedden's Exhibit 07, Page 3, Column (c). Intermountain Gas Company Materials & Supplies Inventory For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. [2] See T. Dedden's Exhibit 07, Page 3, Column (b). Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 3 of 7 Non-Utility Utility Line Gas Storage Gas Storage Gas Storage Month End Average No.Month a/c 1642[2]Adjustment[3]Adjustment[4]Total Balance (a)(b)(c)(d)(e)(f) 1 December 2015 3,187,218$ (1,146,733)$ -$ 2,040,485$ 2 2,005,941$ 3 January 2016 3,088,545 (1,117,148) - 1,971,397 4 1,941,314 5 February 2,996,769 (1,085,538) - 1,911,231 6 1,857,316 7 March 2,826,129 (1,022,728) - 1,803,401 8 2,059,409 9 April 3,284,842 (969,425) - 2,315,417 10 2,410,005 11 May 3,421,070 (916,477) - 2,504,593 12 2,535,540 13 June 3,479,830 (866,659) (46,684) 2,566,487 14 2,973,581 15 July 4,132,846 (752,171) - 3,380,675 16 3,731,637 17 August 4,777,528 (694,929) - 4,082,599 18 4,447,109 19 September 5,449,306 (637,687) - 4,811,619 20 4,795,830 21 October 5,360,486 (580,445) - 4,780,041 22 4,764,259 23 November 5,471,151 (722,674) - 4,748,477 24 4,825,420 25 December 5,568,313 (665,950) - 4,902,363 - 26 Total 38,347,361$ 27 Divided by 12 28 Average Balance 3,195,613$ NOTES [4] This includes the removal of inventory not needed for Utility purposes, but not reserved for non-utility LNG sales. [3] Non-Utility Gas Storage Inventory represents the balance of LNG that is dedicated to non-utility LNG sales and as a result is removed from the calculation of rate base. Intermountain Gas Company Gas Storage Inventory For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. [2] See T. Dedden's Exhibit 07, Page 4, Column (b). Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 4 of 7 Test Year Revenues Cash Line and Expenses Revenue Lag/Working Capital No.Description at Proposed Rates Expense (Leads)CWC Factor[2]Requirement (a)(b)(c)(d)(e) REVENUES 1 Revenues at Proposed Rates 264,966,210$ 44.96 12.32%32,636,207$ 2 Plus Franchise Tax 7,087,860 44.96 12.32%873,020 3 Plus Interest Expense 5,852,084 44.96 12.32%720,808 4 (Less) Uncollectibles (890,022) 44.96 12.32%(109,625) 5 (Less) Depreciation and Amortization (21,707,112) 44.96 12.32%(2,673,691) 6 (Less) Return on Equity (17,579,946) 44.96 12.32%(2,165,343) 7 TOTAL - REVENUES 237,729,075$ 29,281,376$ EXPENSES 8 Employee Benefits 507,190$ (9.24)-2.53%(12,837)$ 9 Payroll and Withholdings 27,292,360 (13.82)-3.79%(1,033,344) 10 PGA Expense 168,822,659 (41.29)-11.31%(19,096,257) 11 Other Operations and Maintenance (less uncollectibles)16,551,065 (31.74)-8.69%(1,439,083) 12 Payroll Taxes 1,641,942 (24.70)-6.77%(111,129) 13 Property Taxes 3,198,871 (131.88)-36.13%(1,155,756) 14 Franchise Tax 7,087,860 (169.50)-46.44%(3,291,474) 15 Interest Expense 5,852,084 (87.68)-24.02%(1,405,782) 16 Income Tax 6,775,042 (37.88)-10.38%(703,027) 17 TOTAL EXPENSES 237,729,075$ (28,248,688)$ 18 CASH WORKING CAPITAL REQUIREMENT 1,032,688$ NOTES [2] Column (c) / 365 days. Intermountain Gas Company Cash Working Capital For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 5 of 7 Ac c u m u l a t e d D e f e r r e d Id a h o Se c t i o n 1 0 3 1 Co n t r i b u t i o n s i n Un i f o r m Lin e In c o m e T a x e s De f e r r e d T a x e s CW I P FA S 1 0 9 Gr o s s - U p Lik e - K i n d E x c h a n g e Aid o f C o n s t r u c t i o n Ca p i t a l i z a t i o n Av e r a g e No . Mo n t h a/c 2 8 2 0 [2 ] Ad j u s t m e n t [3 ] Ad j u s t m e n t [4 ] Ad j u s t m e n t [5 ] Ad j u s t m e n t [6 ] Ad j u s t m e n t [7 ] Ad j u s t m e n t [8 ] Ad j u s t m e n t [9 ] To t a l Ba l a n c e (a ) (b ) (c ) (d ) (e ) (f) (g ) (h ) (i) (j ) (k ) 1 De c e m b e r 2 0 1 5 (6 3 , 3 2 7 , 5 3 8 ) $ 8,7 5 5 , 3 4 1 $ 13 , 8 2 7 $ (2 , 0 3 2 , 4 8 6 ) $ 3, 2 2 2 , 1 5 4 $ 22 0 , 3 2 9 $ 2,8 1 2 , 4 8 0 $ 14 6 , 6 4 8 $ (5 0 , 1 8 9 , 2 4 5 ) $ 2 (5 0 , 1 7 5 , 2 6 2 ) $ 3 Ja n u a r y 2 0 1 6 (6 3 , 3 1 9 , 1 8 7 ) 8,7 8 1 , 5 4 2 27 , 1 9 4 (2 , 0 4 4 , 7 0 9 ) 3, 2 2 7 , 3 9 3 21 9 , 3 3 9 2,8 0 5 , 4 6 7 14 1 , 6 8 3 (5 0 , 1 6 1 , 2 7 8 ) 4 (5 0 , 1 3 0 , 2 3 0 ) 5 Fe b r u a r y (6 3 , 2 9 5 , 0 8 0 ) 8,8 0 4 , 8 1 4 27 , 7 3 3 (2 , 0 5 6 , 9 3 2 ) 3, 2 3 2 , 6 3 2 21 8 , 3 4 8 2,8 3 1 , 9 4 5 13 7 , 3 5 9 (5 0 , 0 9 9 , 1 8 1 ) 6 (5 0 , 0 8 9 , 0 1 9 ) 7 Ma r c h (6 3 , 2 4 5 , 3 0 1 ) 8,8 2 3 , 3 1 4 7, 3 7 2 (2 , 0 6 9 , 1 5 5 ) 3, 2 3 7 , 8 7 2 21 7 , 3 5 7 2,8 2 0 , 0 7 5 12 9 , 6 0 9 (5 0 , 0 7 8 , 8 5 7 ) 8 (5 0 , 0 3 7 , 2 4 6 ) 9 Ap r i l (6 3 , 1 9 1 , 8 6 6 ) 8,8 4 1 , 1 3 4 (1 5 , 9 6 5 ) (2 , 0 8 1 , 3 7 8 ) 3, 2 4 3 , 1 1 1 21 6 , 3 6 6 2,8 2 6 , 5 5 7 16 6 , 4 0 7 (4 9 , 9 9 5 , 6 3 4 ) 10 (4 9 , 9 5 7 , 7 2 1 ) 11 Ma y (6 3 , 1 8 3 , 1 5 1 ) 8,8 6 7 , 2 6 7 (2 , 8 9 6 ) (2 , 0 9 3 , 6 0 1 ) 3, 2 4 8 , 3 5 0 21 5 , 3 7 5 2,8 4 8 , 8 4 5 18 0 , 0 0 3 (4 9 , 9 1 9 , 8 0 8 ) 12 (5 0 , 0 6 2 , 1 4 6 ) 13 Ju n e (6 3 , 3 9 2 , 7 4 1 ) 8,9 4 1 , 3 0 8 (2 1 , 2 4 1 ) (2 , 1 2 1 , 5 8 6 ) 3, 2 7 2 , 4 4 3 31 , 7 6 6 2,9 0 1 , 1 1 4 18 4 , 4 5 4 (5 0 , 2 0 4 , 4 8 3 ) 14 (5 0 , 2 4 0 , 0 1 0 ) 15 Ju l y (6 3 , 4 1 0 , 7 8 8 ) 8,9 7 3 , 6 3 4 (2 1 , 2 4 4 ) (2 , 1 3 6 , 4 4 0 ) 3, 2 8 0 , 8 2 1 30 , 9 1 0 2,7 6 4 , 6 0 3 24 2 , 9 6 7 (5 0 , 2 7 5 , 5 3 7 ) 16 (5 0 , 3 0 9 , 9 8 6 ) 17 Au g u s t (6 3 , 4 2 8 , 8 3 5 ) 9,0 0 5 , 9 6 3 (2 1 , 2 4 4 ) (2 , 1 5 1 , 2 9 0 ) 3, 2 8 9 , 2 0 2 30 , 0 5 7 2,6 3 8 , 3 0 0 29 3 , 4 1 3 (5 0 , 3 4 4 , 4 3 4 ) 18 (5 0 , 3 0 4 , 2 2 0 ) 19 Se p t e m b e r (6 3 , 4 4 6 , 8 8 2 ) 9,0 3 8 , 2 9 1 (2 1 , 2 4 4 ) (2 , 1 6 6 , 1 4 1 ) 3, 2 9 7 , 5 8 3 29 , 2 0 4 2,6 5 9 , 3 7 7 34 5 , 8 0 7 (5 0 , 2 6 4 , 0 0 5 ) 20 (5 0 , 2 5 9 , 0 9 2 ) 21 Oc t o b e r (6 3 , 4 6 4 , 9 2 9 ) 9,0 7 0 , 6 2 0 (2 1 , 2 4 4 ) (2 , 1 8 0 , 9 9 1 ) 3, 3 0 5 , 9 6 4 28 , 3 5 2 2,6 6 4 , 5 1 2 34 3 , 5 3 8 (5 0 , 2 5 4 , 1 7 8 ) 22 (5 0 , 2 5 7 , 5 6 7 ) 23 No v e m b e r (6 3 , 4 8 2 , 9 7 6 ) 9,1 0 2 , 9 4 9 (2 1 , 2 4 4 ) (2 , 1 9 5 , 8 4 2 ) 3, 3 1 4 , 3 4 4 27 , 4 9 9 2,6 5 3 , 0 4 5 34 1 , 2 6 9 (5 0 , 2 6 0 , 9 5 6 ) 24 (5 0 , 2 4 7 , 2 3 0 ) 25 De c e m b e r (6 3 , 5 0 1 , 0 2 2 ) 9,1 3 5 , 2 7 7 (2 1 , 2 4 4 ) (2 , 2 1 0 , 6 9 2 ) 3, 3 2 2 , 7 2 5 26 , 6 4 6 2,6 6 2 , 4 7 8 35 2 , 3 2 9 (5 0 , 2 3 3 , 5 0 3 ) - 26 To t a l (6 0 2 , 0 6 9 , 7 2 9 ) $ 27 Div i d e d b y 12 28 Av e r a g e B a l a n c e (5 0 , 1 7 2 , 4 7 7 ) $ NO T E S [1 ] T e s t Y e a r e n d i n g D e c e m b e r 3 1 , 2 0 1 6 i s c o m p o s e d o f a c t u a l f i n a n c i a l d a t a f r o m J a n u a r y 1 - J u n e 3 0 , 2 0 1 6 a n d f o r e c a s t e d f i n a n c i a l d a t a f r o m J u l y 1 , 2 0 1 6 - D e c e m b e r 3 1 , 2 0 1 6 . [4 ] A c c u m u l a t e d D e f e r r e d I n c o m e T a x e s r e l a t e d t o C o n s t r u c t i o n W o r k I n P r o c e s s b o o k - t a x t i m i n g d i f f e r e n c e s a r e r e m o v e d f r o m t h e c a l c u l a t i o n o f r a t e b a s e b e c a u s e C o n s t r u c t i o n W o r k i n P r o c e s s i s n o t i n c l u d e d i n t h e ca l c u l a t i o n o f r a t e b a s e d u e t o t h e f a c t t h a t t h e a s s e t s h a v e n o t b e e n c o m p l e t e d a n d t h e r e f o r e a r e n o t c o n s i d e r e d u s e d a n d u s e f u l . [2 ] S e e T . D e d d e n ' s E x h i b i t 0 7 , P a g e 5 , C o l u m n ( b ) . [3 ] I n p r i o r o r d e r s a n d c o m m u n i c a t i o n s , t h e C o m m i s s i o n h a s o r d e r e d t h e C o m p a n y t o f l o w t h r o u g h m o s t d e f e r r e d s t a t e i n c o m e t a x e s ( D S I T ) . G e n e r a l l y A c c e p t e d A c c o u n t i n g P r i n c i p l e s ( G A A P ) r e q u i r e s t h e C o m p a n y t o sta t e t h e a m o u n t o f D S I T i n i t s 2 8 2 a c c o u n t , o f f s e t b y a r e g u l a t o r y a s s e t a n d g r o s s - u p . D S I T r e q u i r e d t o b e f l o w e d - t h r o u g h i s n o t r e c o r d e d o n t h e C o m p a n y ' s i n c o m e s t a t e m e n t . T h i s a d j u s t m e n t r e m o v e s t h e D S I T re q u i r e d b y G A A P . In t e r m o u n t a i n G a s C o m p a n y De f e r r e d I n c o m e T a x e s Fo r t h e T e s t Y e a r E n d i n g D e c e m b e r 3 1 , 2 0 1 6 [1 ] [5 ] T h e F A S 1 0 9 b a l a n c e r e p r e s e n t s t h e m e a s u r e m e n t o f a c c u m u l a t e d d e f e r r e d i n c o m e t a x e s a t t h e f u t u r e t a x r a t e a t w h i c h t h e b o o k - t a x t i m i n g d i f f e r e n c e s a r e e x p e c t e d t o r e v e r s e , a s r e q u i r e d b y A S C 7 4 0 . I n o r d e r t o co m p l y w i t h I R S n o r m a l i z a t i o n r u l e s r e g a r d i n g e x c e s s a c c u m u l a t e d d e f e r r e d i n c o m e t a x e s , t h e A v e r a g e R a t e A d j u s t m e n t M e t h o d m u s t b e u s e d t o m e a s u r e d e f e r r e d t a x e s a n d t h e r e f o r e t h e F A S 1 0 9 b a l a n c e m u s t b e re m o v e d f r o m t h e c a l c u l a t i o n o f r a t e b a s e . A d d i t i o n a l l y , t h e F A S 1 0 9 b a l a n c e a l s o i n c l u d e s t h e m e a s u r e m e n t o f d e f e r r e d s t a t e i n c o m e t a x e s a s r e q u i r e d b y A S C 7 4 0 . H o w e v e r , I G C i s r e q u i r e d t o f l o w - t h r o u g h d e f e r r e d sta t e i n c o m e t a x e s a n d t h e r e f o r e t h e F A S 1 0 9 b a l a n c e m u s t b e r e m o v e d f r o m t h e c a l c u l a t i o n o f r a t e b a s e . [6 ] T h e G r o s s - U p b a l a n c e i s r e m o v e d f r o m t h e c a l c u l a t i o n o f r a t e b a s e b e c a u s e i t r e l a t e s t o t h e g r o s s - u p o n t h e r e g u l a t o r y a s s e t / l i a b i l i t y t h a t i s c r e a t e d t o r e f l e c t t h e d i f f e r e n c e b e t w e e n t h e F A S 1 0 9 d e f e r r e d i n c o m e t a x e s an d t h e A P B 1 1 d e f e r r e d i n c o m e t a x e s . T o c o m p l y w i t h I R S n o r m a l i z a t i o n r u l e s t h e C o m p a n y i s o n l y i n c l u d i n g t h e A P B 1 1 d e f e r r e d t a x e s i n t h e c a l c u l a t i o n o f r a t e b a s e , t h e r e f o r e , t h e G r o s s - U p a m o u n t s h o u l d b e r e m o v e d fr o m t h e c a l c u l a t i o n o f r a t e b a s e . [7 ] I n o r d e r t o c o m p l y w i t h t h e I R S n o r m a l i z a t i o n r u l e s , t h e C o m p a n y i s r e m o v i n g t h e d e f e r r e d i n c o m e t a x e s a s s o c i a t e d w i t h S e c . 1 0 3 1 e x c h a n g e s . [8 ] T h i s a d j u s t m e n t c a p t u r e s t h e a c c u m u l a t e d d e f e r r e d i n c o m e t a x e s r e l a t e d t o C o n t r i b u t i o n s i n A i d o f C o n s t r u c t i o n . [9 ] T h i s a d j u s t m e n t c a p t u r e s t h e a c c u m u l a t e d d e f e r r e d i n c o m e t a x e s r e l a t e d t o G a s S t o r a g e I n v e n t o r y . Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 6 of 7 Line Month-End Balance Average No.Month a/c 2520[2]Balance (a)(b)(c) 1 December 2015 (8,035,657)$ 2 (8,025,639)$ 3 January 2016 (8,015,621) 4 (8,053,447) 5 February (8,091,272) 6 (8,074,315) 7 March (8,057,357) 8 (8,066,617) 9 April (8,075,877) 10 (8,107,717) 11 May (8,139,557) 12 (8,214,225) 13 June (8,288,892) 14 (8,093,879) 15 July (7,898,865) 16 (7,718,432) 17 August (7,537,999) 18 (7,568,110) 19 September (7,598,221) 20 (7,605,557) 21 October (7,612,892) 22 (7,596,511) 23 November (7,580,129) 24 (7,593,605) 25 December (7,607,080) - 26 Total (94,718,054)$ 27 Divided by 12 28 Average Balance (7,893,171)$ NOTES Intermountain Gas Company Advances in Aid of Construction For the Test Year Ending December 31, 2016[1] [1] Test Year ending December 31, 2016 is composed of actual financial data from January 1 - June 30, 2016 and forecasted financial data from July 1, 2016 - December 31, 2016. [2] See T. Dedden's Exhibit 07, Page 6, Column (b). Exhibit No. 13 Case No. INT-G-16-02 J. Darrington, IGC p. 7 of 7