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

TERASEN GAS INC. June 1, 2009 A Section C
Tab 13
INCOME TAXES Schedule 73
FOR THE YEAR ENDING DECEMBER 31, 2009
($000s)
2009
----Revised Rates-----
Line 2009 Existing 2009 Revised
No. Particulars APPROVED Rates Revenue Total Change Reference P
(1) (2) (3) (4) (5) (6) (7)
1 CALCULATION OF INCOME TAXES
2 Earned Return $186,313 $206,525 $0 $206,525 $20,212 - Tab C-13, Schedule 72
3 Deduct - Interest on Debt (110,953) (108,525)
- (108,525) 2,428 - Tab C-13, Schedule 75
4
5
Add- Non-Tax Ded. Expense (Net) 328
428
-
428
100
6 Accounting Income After Tax 75,688 98,428
-
98,428 22,740
7
8
Add (Deduct) - Timing Differences (14,248) (44,736)
- (44,736) (30,488) - Tab C-13, Schedule 37
9
10
Taxable Income After Tax $61,440 $53,692 $0 $53,692 ($7,748)
11 30.000% 30.000% 30.000% 30.000% 0.000%
12
13
1 - Current Income Tax Rate 70.000% 70.000% 70.000% 70.000% 0.000%
14
15
Taxable Income $87,771 $76,703 $0 $76,703 ($11,068)
16
17
Total Income Tax $26,331 $23,011 $0 $23,011 ($3,320)
APPENDIX A
to Order G-141-09
Page 94 of 110