SCEG OATT Formula Transmission Rate Filing.pdf - SCANA ...

20091231-0037 FERC PDF (Unofficia1) 12/29/2009
South Carolina Electric & Gas Company
or its designated agent
FERC Electric Tariff
Fourth Revised Volume No.5
Revised Open Access Transmission Tariff
Original Sheet No 214-M
South Carolina Electric & Gas Company (SCEG)
Attachment 4 - 100 Basis Point Increase in ROE
Net Plant New Investment Incenitive@ 100 Basis Points
A
Return and Taxes with New Investment ROE Incentive
New Investment ROE Incentive and Income Taxes o
B Net Plant New Investment Incenitive@ 100 Basis Points 1.00%
Return Calculation
14' Rate Base (Une 62 • 142) 0
Long Tenn Interest
99 Long Tenn Interest p117.62c through SSe 0
101 Long Term Interest (Line 99 - 100) 0
102 Preferred Dividends enter positive p118.29c 0
Common Stock
103 Proprietary Capital p112.16c 0
104 Less Preferred Stock (Acct. 204) enter negative (Line 113) 0
106 Less Account 216.1 enter neaative ~112.12C 0
107 Common Stock (Sum Lines 103 to 106) 0
Capitalization
108 Long Term Debt p112.18c through 23c 0
109 Less Reacquired Debt enter negative p112.19c 0
110 Less Non-interest bearing debt enter negative Attachment 8 0
112 Total Long Term Debt (Sum Lines lOB to 111) 0
113 Preferred Stock p112.3c 0
114 Common Stock Line 107 0
115 Total Capitalization (Sum Lines 112 to 114) 0
116 Debt % Total Long Term Debt {Line 112/115) 0%
117 Preferred % Preferred Stock (Line 113/115) 0%
118 Common % Common Stock (Line 114/115) 0%
119 Debt Cost Total Long Term Debt (Line 101/112) 0.0000
120 Preferred Cost Preferred Stock (Line 102/113) 0.0000
121 Common Cost (Note I) Common Stock Fixed plus 100 Basis Pts 0.1230
122 Weighted Cost of Debt Total Long Term Debt (VvCLTD) (Line116*119) 0.0000
123 Weighted Cost of Preferred Preferred Stock (Line 117* 120) 0.0000
124 Weighted Cost of Common Common Stock (Line 118 .1211 0.0000
12' Rate of Return ( R ) (Sum Lines 122 to 124) 0.0000
126 Investment Return = Rate Base * Rate of Return Line 62·125 0
Composite Income Taxes (Note H)
127
128
129
130
131
Income
Tax Rates
FIT=Federallncome Tax Rate
SIT=State Income Tax Rate or Composite
p = percent of federal income tax deductible for state purposes
T T=l - {[{1 - SIT) * (1 - FIT)) I (1 - SIT· FIT * pH =
T/{l-T)
0.00%
0.00%
0.00%
0.00%
0.00%
132
133
134
135
ITC Adjustment
Amortized Investment Tax Credit
enter negative
p266.8f
o
1/(l-T)
1/(1 - Line 128)
100.00%
Net Plant Allocation Factor
(Line 1B1
0.0000%
ITC Adjustment Allocated to Transmission (Note L) (Line 132 * 133 * 134) o
136 Income Tax Component = CIT={T/1-T)· Investment Return * (1-