FEI-FEVI 2010 EEC Report filed March 31, 2011 - FortisBC

TERASEN GAS (VANCOUVER ISLAND) INC. Nov. 5 2009 NSP Agreement Section C
Tab 13
UTILITY INCOME AND EARNED RETURN Schedule 2
FOR THE YEAR ENDING DECEMBER 31, 2009
($000s)
2009
Line 2009 Approved Cost of Service
No. Particulars APPROVED Rates Surplus Rates Change Reference
(1) (2) (3) (4) (5) (6) (7)
1 ENERGY VOLUMES (TJ)
2 Sales 12,636 12,264
- 12,264
(372) Schedule 15
3 Transportation 21,692 22,946
- 22,946
1,254 Schedule 15
34,328 35,210
- 35,210
882
4 UTILITY REVENUE
5 Sales - Existing Rates $ 184,795 $ 179,501 $ - $ 179,501 $ (5,294) Schedule 18
6 - Increase / (Decrease) -
(14,443) (14,443) (14,443)
7 Transportation - Existing Rates 20,126 22,194
- 22,194
2,069 Schedule 18
8 - Increase / (Decrease) -
-
-
9 Total Revenue 204,921 201,695 (14,443) 187,252 (17,668)
10 Royalty Credit (48,701) (28,095)
- (28,095) 20,606
11 GCVA Amortization 3,045
4,162
4,162
1,117 Schedule 58
12 GCVA Additions -
5,781
-
5,781
5,781
13 Cost of Gas 129,512 99,314
- 99,314 (30,198) Schedule 21
14 RACOG Including GCVA Impacts 83,856 81,162
81,162
(2,694)
15 Gross Margin 121,064 120,533 (14,443) 106,090 (14,975)
16 Operation and Maintenance (allowed) 26,178 26,178
- 26,178
(0)
17 Transportation Expenses 4,374
3,977
-
3,977
(397)
18 Operating Leases 828
828
-
828
-
19 Property Taxes 8,362
8,449
-
8,449
87 Schedule 26
20 Depreciation and Amortization $32,230 23,017
- 23,017
(9,213) Schedule 27
21 Removal Costs (Depreciation) -
-
-
-
-
22 IFRS Transitional Deferral -
-
-
-
-
23 Other Operating Revenue (1,062)
(893)
-
(893)
169 Schedule 22
24 70,911 61,556
- 61,556
(9,355)
25 Utility Income Before Income Taxes 50,153 58,977 (14,443) 44,534
(5,619)
26 Income Taxes 11,905 13,178
(4,331)
8,847
(3,058) Schedule 30
27 EARNED RETURN $ 40,115 $ 47,666 $ (10,112) $ 37,554 $ (2,561)
28 VINGPA Grind (1,867) (1,867)
-
(1,867)
-
27 EARNED RETURN After VINGPA Adjustment $ 38,248 $ 45,799 $ (10,112) $ 35,687 $ (2,561)
Schedule 30
28 UTILITY RATE BASE $ 539,525 $ 540,195 $ (407) $ 539,788 $ 264 Schedule 8
29 RATE OF RETURN ON UTILITY RATE BASE
30 Before VINGPA Adjustment 7.11% 8.82% 6.96% -0.15%
31 After VINGPA Adjustment 7.09% 8.48% 6.61% -0.48%
32 EARNED RETURN $ 40,115 $ 47,666 $ (10,112) $ 37,554 $ (2,561) Schedule 68
33 VINGPA Adjustment (1,867) (1,867)
-
(1,867)
-
34 EARNED RETURN After VINGPA Adjustment $ 38,248 $ 45,799 $ (10,112) $ 35,687 $ (2,561) x-ref Schedule 5
APPENDIX A
to Order G-140-09
Page 26 of 102