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

TERASEN GAS (VANCOUVER ISLAND) INC. Nov. 5 2009 NSP Agreement Section C
Tab 13
INCOME TAXES Schedule 5
FOR THE YEAR ENDING DECEMBER 31, 2009
($000s)
2009
----Cost of Service Rates-----
Line 2009 Approved Required
No. Particulars APPROVED Rates Revenue Total Change Reference
(1) (2) (3) (4) (5) (6) (7)
1 CALCULATION OF INCOME TAXES
2 Earned Return After VINGPA Adjustment $36,756 $45,799 ($10,112) $35,687 ($1,069) Schedule 2
3 Deduct - Interest on Debt (20,325) (17,759)
4 (17,755) 2,570
4 Add - O&M Savings 2,127 2,435
-
2,435
308
5 Add- Non-Tax Ded. Expense (Net) 15,609 6,015
-
6,015 (9,595) Schedule 33
6 Accounting Income After Tax 34,167
7 Add (Deduct) - Timing Differences (6,388)
36,489
(5,740)
(10,108)
-
26,382
(5,740)
(7,786)
648
8 Taxable Income After Tax $27,779 $30,750 ($10,108) $20,642 ($7,137)
9 30.000% 30.000% 30.000% 30.000% 0.000%
10 1 - Current Income Tax Rate 70.000% 70.000% 70.000% 70.000% 0.000%
11 Taxable Income $39,685 $43,928 ($14,439) $29,489 ($10,196)
Schedule 33
12 Total Income Tax $ 11,905 $ 13,178 $ (4,332) $ 8,847 $ (3,058) x-ref Schedule 2
APPENDIX A
to Order G-140-09
Page 29 of 102