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 6
FOR THE YEAR ENDING DECEMBER 31, 2010
($000s)
2010
----Cost of Service Rates-----
Line 2009 Approved Required
No. Particulars PROJECTION Rates Revenue Total Change Reference
(1) (2) (3) (4) (5) (6) (7)
1 CALCULATION OF INCOME TAXES
2 Earned Return After VINGPA Adjustment $35,687 $67,484 ($30,467) $37,017 $1,330 Schedule 3
3 Deduct - Interest on Debt (17,755) (18,574)
11 (18,563) (808) Schedule 12
4 Add - O&M Savings 2,435
-
-
-
(2,435)
5 Add- Non-Tax Ded. Expense (Net) 6,015 (6,593)
-
(6,593) (12,608) Schedule 34
6 Accounting Income After Tax 26,382
7 Add (Deduct) - Timing Differences (5,740)
42,316
(8,044)
(30,455)
-
11,860
(8,044)
(14,521)
(2,304)
8 Taxable Income After Tax $20,642 $34,272 ($30,455) $3,816 ($16,826)
9 30.000% 28.500% 28.500% 28.500% -1.500%
10 1 - Current Income Tax Rate 70.000% 71.500% 71.500% 71.500% 1.500%
11 Taxable Income $29,489 $47,933 ($42,595) $5,338 ($24,151)
Schedule 34
12 Total Income Tax $ 8,847 $ 13,661 $ (12,140) $ 1,521 $ (7,326) x-ref Schedule 3
APPENDIX A
to Order G-140-09
Page 30 of 102