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

TERASEN GAS INC. Nov 5, 2009 NSP Agreement Section C
Tab 13
INCOME TAXES Schedule 36
FOR THE YEAR ENDING DECEMBER 31, 2011
($000s)
2011
----Revised Rates-----
Line June 15, 2009 Existing Revised
No. Particulars Application Rates Revenue Total Change Reference
(1) (2) (3) (4) (5) (6) (7)
1 CALCULATION OF INCOME TAXES
2 Earned Return $193,132 $184,295 $8,639 $192,934 ($198) - Tab C-13, Schedule 5
3 Deduct - Interest on Debt (115,430) (114,982)
- (114,982)
448 - Tab C-13, Schedule 11
4 Add- Non-Tax Ded. Expense (Net) 1,974 (4,769)
-
(4,769) (6,743) - Tab C-13, Schedule 38
5 Accounting Income After Tax 79,676 64,544 8,639 73,183 (6,493)
6 Add (Deduct) - Timing Differences 8,118 (5,053)
-
(5,053) (13,171) - Tab C-13, Schedule 38
7 Taxable Income After Tax 87,794 59,491 8,639 68,130 (19,664)
8 Taxable Income Adjustment -
-
-
-
-
9 Taxable Income Adjustment -
-
-
-
-
10
11
Adjusted Taxable Income After Tax $87,794 $59,491 $8,639 $68,130 ($19,664)
12 26.500% 26.500% 26.500% 26.500% 0.000%
13
14
1 - Current Income Tax Rate 73.500% 73.500% 73.500% 73.500% 0.000%
15 Taxable Income 119,448 $80,940 $11,754 $92,694 ($26,754)
16 (X-Ref - Tab C-13, Schedule 5)
17 Total Income Tax $31,654 $21,449 $3,115 $24,564 ($1,767) (X-Ref - Tab C-13, Schedule 13)
APPENDIX A
to Order G-141-09
Page 57 of 110