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 4
FOR THE YEAR ENDING DECEMBER 31, 2011
($000s)
2011
Line 2010 Approved Cost of Service
No. Particulars FORECAST Rates Surplus Rates Change Reference
(1) (2) (3) (4) (5) (6) (7)
1 ENERGY VOLUMES (TJ)
2 Sales 12,241 12,433
- 12,433
192 Schedule 17
3 Transportation 22,309 22,017
- 22,017
(292) Schedule 17
34,550 34,450
- 34,450
(100)
4 UTILITY REVENUE
5 Sales - Existing Rates $ 179,445 $ 182,402 $ - $ 182,402 $ 2,957 Schedule 20
6 - Increase / (Decrease) (42,605)
- (24,603) (24,603) 18,002
7 Transportation - Existing Rates 20,669 20,500
- 20,500
(169) Schedule 20
8 - Increase / (Decrease) -
-
-
-
9 Total Revenue 157,509 202,902 (24,603) 178,299 20,790
10 Royalty Credit (35,832) (40,091)
- (40,091) (4,260)
11 GCVA Amortization (4,047)
-
-
-
Schedule 60
12 GCVA Additions -
-
-
-
-
13 Cost of Gas Sold (Including Gas Loss) 98,628 107,311
- 107,311
8,683 Schedule 21
14 RACOG Including GCVA Impacts 58,750 67,220
67,220
8,470
15 Gross Margin 98,759 135,682 (24,603) 111,079 12,107
16 Operation and Maintenance 26,858 28,136
- 28,136
1,277 Schedule 23
17 Transportation Expenses 4,015
4,122
-
4,122
107
18 Operating Leases -
-
-
-
-
19 Property Taxes 9,119
9,564
-
9,564
445 Schedule 26
20 Depreciation and Amortization 19,202 25,232
- 25,232
6,030 Schedule 29
21 Removal Costs (Depreciation) 343
344
-
344
1
22 IFRS Transitional Deferral 1,400
(1,400)
-
(1,400) (2,800)
23 Other Operating Revenue (717) (9,752)
-
(9,752) (9,035) Schedule 22
24 60,220 56,246
- 56,246
(3,975)
25 Utility Income Before Income Taxes 38,538 79,437 (24,604) 54,833 16,295
26 Income Taxes 1,521 10,352
(6,518)
3,834
2,313 Schedule 32
27 EARNED RETURN $ 38,884 $ 70,952 $ (18,086) $ 52,866 $ 13,982
28 VINGPA Grind (1,867) (1,867)
-
(1,867)
-
27 EARNED RETURN After VINGPA Adjustment $ 37,017 $ 69,085 $ (18,086) $ 50,999 $ 13,982
Schedule 32
28 UTILITY RATE BASE $ 554,013 $ 729,375 $ (381) $ 728,994 $ 174,982 Schedule 10
29 RATE OF RETURN ON UTILITY RATE BASE
30 Before VINGPA Adjustment 7.02% 9.73% 7.25% 0.23%
31 After VINGPA Adjustment 6.68% 9.47% 7.00% 0.31%
32 EARNED RETURN $ 38,884 $ 70,952 $ (18,086) $ 52,866 $ 13,982 Schedule 70
33 VINGPA Adjustment (1,867) (1,867)
-
(1,867)
-
34 EARNED RETURN After VINGPA Adjustment $ 37,017 $ 69,085 $ (18,086) $ 50,999 $ 13,982 x-ref Schedule 7
APPENDIX A
to Order G-140-09
Page 28 of 102