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Virginia Administrative Code
Title 20. Public Utilities And Telecommunications
Agency 5. State Corporation Commission
Chapter 201. Rules Governing Utility Rate Applications and Annual Informational Filings of Investor-owned Water Utilities
10/10/2024

20VAC5-201-110. Schedules 24 through 28 and 40 and exhibits for Chapter 201.

The following schedules and exhibits are to be used in conjunction with this chapter.

COMPANY NAME
RATE BASE STATEMENT REFLECTING RATEMAKING ADJUSTMENTS AS OF --/--/--

Exhibit No.:
Witness:
Schedule 24

(1)

(2)

(3)

LINE NO.

Per Books Virginia Juris. Cost of Service

Ratemaking Adjustments

Virginia Jurisdictional Cost of Service after Adjustments
(1)+(2)

1

ALLOWANCE FOR WORKING CAPITAL

2

MATERIAL AND SUPPLIES

3

CASH WORKING CAPITAL (LEAD LAG STUDY)

4

DEFERRED FUEL/DEFERRED GAS NET OF FIT

5

OTHER WORKING CAPITAL

6

TOTAL ALLOWANCE FOR WORKING CAPITAL

7

NET UTILITY PLANT

8

UTILITY PLANT IN SERVICE

9

ACQUISITION ADJUSTMENT

10

CONSTRUCTION WORK IN PROGRESS

11

PLANT HELD FOR FUTURE USE

12

LESS:

ACCUMULATED PROVISION FOR DEPRECIATION

13

AND AMORTIZATION

14

CUSTOMER ADVANCES FOR CONSTRUCTION

15

TOTAL NET UTILITY PLANT

16

RATE BASE DEDUCTIONS

17

CUSTOMER DEPOSITS

18

SUPPLIER REFUNDS

19

ACCUMULATED DEFERRED INCOME TAXES

20

OTHER COST FREE CAPITAL

21

TOTAL RATE BASE DEDUCTIONS

22

TOTAL RATE BASE

Notes:
Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 23 Column (4) and shall exclude Rate Adjustment Clauses.

Column (1) amounts for utilities not subject to § 56-585.1 of the Code of Virginia shall come from Schedule 22 Column (3).

COMPANY NAME
DETAIL OF RATEMAKING ADJUSTMENTS
REFLECTED IN COL. (--) OF SCHEDULES -- AND --

Exhibit No.: __
Witness:___
Schedule 25

ADJ. NO.

ADJUSTMENT

AMOUNT

INCOME ADJUSTMENTS

OPERATING REVENUE ADJUSTMENTS

OPERATION AND MAINTENANCE EXPENSE ADJUSTMENTS

DEPRECIATION EXPENSE ADJUSTMENTS

INCOME TAX ADJUSTMENTS

TAXES OTHER THAN INCOME ADJUSTMENTS

GAIN ON PROPERTY DISPOSITION ADJUSTMENTS

CHARITABLE DONATION ADJUSTMENTS

OTHER INTEREST EXPENSE/(INCOME) ADJUSTMENTS

INTEREST EXPENSE ADJUSTMENTS

PREFERRED DIVIDENDS ADJUSTMENTS

JDC CAPITAL EXPENSE ADJUSTMENTS

ALLOWANCE FOR WORKING CAPITAL ADJUSTMENTS

ELECTRIC PLANT IN SERVICE ADJUSTMENTS

PLANT HELD FOR FUTURE USE ADJUSTMENTS

CONSTRUCTION WORK IN PROGRESS ADJUSTMENTS

ACCUMULATED DEPRECIATION AND AMORTIZATION ADJUSTMENTS

OTHER RATE BASE DEDUCTIONS ADJUSTMENTS

COMMON EQUITY CAPITAL

COMPANY NAME
REVENUE REQUIREMENT RECONCILIATION

Schedule 26

Revenue Requirement

Per Books Revenue Deficiency

Capital Structure Changes

Rate Base Update

Other Rate Base Adjustments

Payroll, Benefits and Payroll Taxes

Other Business and Affiliate Charges

Storm Damage

Decommissioning

Other Revenue Adjustments

Other Miscellaneous Adjustments

Company Proposed Revenue Requirement

Note: The topics or subjects listed above are included for illustrative purposes. Applicant's schedule should include company specific topics/subjects.

FOR ILLUSTRATIVE PURPOSES ONLY

COMPANY NAME
REVENUE REQUIREMENT RECONCILIATION
Supporting Schedule

Supporting Schedule 26

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Amounts

Net of Tax Overall Cost of Capital

Required AOI
(1)*(2)

1-Fit Rate

Subtotal
(3)*(4)

Gross-up Factor

Revenue Requirement
(5)/(6)

Per Books Revenue Deficiency

Capital Structure Items:
ROE from 11.5% to 10.5% (midpoint of range)
Capital Structure Changes

Total Capital Structure Charges

Rate Base Update:

Rate Base Update
Customer Growth
Late Payment Revenues
Depreciation Expense
Property Tax Expense
Liberalized Depreciation
Liberalized Depreciation - New Rates
Clover Allocation Factor
Accumulated Depreciation - Current Rates

Total Rate Base Update

Other Rate Base Adjustments:

Deferred Fuel at 100%
Contra-AFC Connection
Cash Working Capital on Sch. D and E

Total other Rate Base Adjustments

Payroll, Benefits and Payroll Taxes:

Employee Payroll
Fringe Benefits
Incentive Pay
OPEB Expense
Payroll Taxes

Total Payroll, Benefits and Payroll Taxes

Storm Damage:

Storm Damage Expense & Related OT
Storm Damage Payroll Taxes

Total Storm Damage

Other Revenue Adjustments:

Transmission Service Revenues
Wholesale Contract Renegotiations

Total Other Revenue Adjustments

Other Miscellaneous Adjustments

FIT on per books JDC
FIT on other Interest and Preferred Dividends
Computer Leases
Obsolete Inventory Amortization
Nonoperating Expenses
Fuel Handling Expense
West Virginia State Income Taxes
Interest on Customer Deposits
Advertising Expense
Miscellaneous
Charitable Donations

Total Other Miscellaneous Adjustments

Company Proposed Revenue Requirement

COMPANY NAME
LEAD/LAG CASH WORKING CAPITAL CALCULATION - ADJUSTED
FOR THE YEAR ENDED --/--/--
SUPPORTING COLUMN -- OF SCHEDULE --

Exhibit No.:____
Witness:_______
Schedule 27

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

Virginia Juris. Per Books Amounts

Rulemaking Adjustments

Amounts After Adj.

Average Daily Amount

Expense (Lead)/Lag Days

Revenue Lag

Net (Lead)/Lag Days

Working Capital (Provided)/ Required

OPERATING EXPENSES

O&M Expenses:

Account # - Fuel Clause
Account # - Fuel Clause
Account # - Fuel Clause
Account # - Deferred Fuel
Payroll Expense
Benefits and Pension Expense
OPEB Expense
Regulatory Asset Amortization Expense
Uncollectible Expense
Stores Issues
Stored Undistributed
Accrued Vacation Expense
Prepaid Insurance Amortization Expense
Worker's Compensation Expense
Directors' Deferred Compensation Exp.
Storm Damage Expense
Transition Cost Expense
Restructuring Expense
Contingent Liabilities
Other O&M Expenses

Depreciation Expense:

Depreciation Expense
Amortization Expense
Amortization Expense
Amortization of Regulatory Assets

Federal Income Taxes:

Current
Deferred
DFIT on items excluded from Rate Base
Deferred ITC

State Income Tax Expense

Taxes Other Than Income:

Property Tax Expense
Valuation Tax Expense
Business and Occupation Tax Expense
Payroll Tax Expense
Other Taxes

AFUDC

Gain/Loss of Disposition of Property

Charitable Donations

Interest on Customer Deposits

Other Expense/Income (A-t-l)

Other Income/Expense (B-t-l)

Interest Expense

Preferred Dividends

JDC Expense

Income Available for Common Equity

Totals

Plus: Customer Utility Taxes

BALANCE SHEET ITEMS

TOTAL CASH WORKING CAPITAL

COMPANY NAME
BALANCE SHEET ANALYSIS – ADJUSTED
AS OF --/--/--

Exhibit No.:
Witness:___
Schedule 28

First Month

Second Month

Third Month

Fourth Month

Fifth Month

Sixth Month

Seventh Month

Eighth Month

Ninth Month

Tenth Month

Eleventh Month

Twelfth Month

Thirteen Month Average

Additional Uses of Cash Working Capital

Account
Number

Account Title

Individual Uses of Cash Working Capital

Individual Uses of Cash Working Capital

Individual Uses of Cash Working Capital

Individual Uses of Cash Working Capital

Total Additional Uses of Average Cash Working Capital

Additional Sources of Average Cash Working Capital

Account
Number

Account Title

Thirteen Month Average

Individual Sources of Cash Working Capital

Individual Sources of Cash Working Capital

Individual Sources of Cash Working Capital

Individual Sources of Cash Working Capital

Total Additional Sources of Cash Working Capital

Net (Source)/Use of Cash Working Capital

COMPANY NAME
JURISDICTIONAL COST OF SERVICE STUDY
(METHODOLOGY) COST ALLOCATION STUDY
CASE NO. PUE------

Exhibit No.:
Witness:___
Schedule 40 A and B

(1)

(2)

(3)

Line No.

Description

Total System

Virginia Non-Juris.

Virginia Per Books Amount
(1)-(2)

10

Operating Revenues

20

30

Operating and Maintenance Expense

40

Depreciation Expense

50

Amortization

60

Federal Income Taxes

70

State Income Taxes

80

Taxes Other than Income

90

100

Total Operating and Maintenance Expense

110

120

Net Operating Income

130

140

Adjustments to Operating Income

150

160

Add:

AFUDC

170

Less:

Charitable Donations

180

Interest Exp. - Customer Dep.

190

200

Adjusted Net Operating Income

210

220

Rate Base

230

240

ROR Earned on Rate Base

COMPANY NAME
CLASS COST OF SERVICE STUDY (METHODOLOGY) COST ALLOCATION STUDY
CASE NO. PUE------

Exhibit No.:
Witness:
Schedule 40C

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Line No.

Description

Virginia Juris.

Class

Class

Class

Class

Class

Allocation Basis

10

Operating Revenues

20

30

Operating Expense

40

Depreciation Expense

50

Amortization

60

Federal Income Taxes

70

State Income Taxes

80

Taxes Other than Income

90

100

Total Operating and Maintenance Expense

110

120

Net Operating Income

130

140

Adjustments to Operating Income

150

160

Add:

AFUDC

170

Less:

Charitable Donations

180

Interest Exp. - Customer Dep.

190

200

Adjusted Net Operating Income

210

220

Rate Base

230

240

ROR Earned on Rate Base

Statutory Authority

§§ 12.1-13 and 56-585.1 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 25, Issue 9, eff. January 1, 2009; amended, Virginia Register Volume 37, Issue 9, eff. January 1, 2021.

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