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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
3/31/2020

20VAC5-201-95. Schedules 1 Through 14 and Exhibits for Chapter 201.

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

COMPANY NAME
HISTORIC PROFITABILITY AND MARKET DATA
CASE NO. PUE------

Exhibit No.: ___________
Witness: _____________
Schedule 1

Consolidated Company Profitability and Capital Market Data

4th Year Prior

3rd Year Prior

2nd Year Prior

1st Year Prior

Test Period

A. Ratios

Return on Year End Equity

Return on Average Equity

Earnings Per Share

Dividends Per Share

Payout Ratio

Market Price of Common Stock:

Year's High

Year's Low

Average Price

Dividend Yield on Common Stock:

Price Earnings Ratio

B. External Funds Raised

External Funds Raised - Debt:

Dollar Amount Raised

Coupon Rate

Bond Rating(s)

(Rating Service)

External Funds Raised - Preferred Stock:

Dollar Amount Raised

Dividend Rate

Preferred Stock Rating(s)

(Rating Service)

External Funds Raised - Common Equity

Dollar Amount from Public Offering

Number Shares Issued

Average Offering Price

C. Subsidiary Data

Return on Year End Equity

Return on Average Equity

External Funds Raised - Bonds:

Dollar Amount Raised

Coupon Rate

Bond Rating(s)

(Rating Service)

External Funds Raised - Preferred Stock

Dollar Amount Raised

Dividend Rate

Preferred Stock Rating(s)

(Rating Service)

Equity Capital Transfer

From Parent

(Dollar Amount-Net)

COMPANY NAME
INTEREST AND CASH FLOW COVERAGE DATA
CASE NO. PUE------

Exhibit No.: ___________
Witness: _____________
Schedule 2

Coverage Ratios and Cash Flow Profile Data

4th Year Prior

3rd Year Prior

2nd Year Prior

1st Year Prior

Test Period

A. Consolidated Company Data

Interest Coverage Ratio

Pre-Tax

Cash Flow Coverage Ratios

a. Common Dividend Coverage

b. Cash Flow Coverage of Construction Expenditures

c. Cash After Dividends Coverage of Construction Expenditures

Data for Interest Coverage

1 Net Income

2 Income Taxes

3 Interest on Mortgages

4 Other Interest

5 Total Interest

6 Earnings Before Interest and Taxes (Lines 1+2+5)

Data for Cash Flow Coverage

7 Net Income

8 AFUDC

9 Amortization

10 Depreciation

11 Change in Deferred Taxes

12 Change in Investment Tax Credits

13 Preferred Dividends Paid

14 Cash Flow Generated (Lines 1-8+9+10+11+12-13)

15 Construction Expenditures

16 Common Dividends Paid

B. Subsidiary Data

Interest Coverage Ratio

Pre-Tax (Line 6 / Line 5)

Cash Flow Coverage Ratios

a. Common Dividend Coverage (Line 14 / 16)

b. Cash Flow Coverage of Construction Expenditures (Line 14 / 15)

c. Cash After Dividends Coverage of Construction Expenditures ((Lines 14-16) / 15)

Data for Interest Coverage

1 Net Income

2 Income Taxes

3 Interest on Mortgages

4 Other Interest

5 Total Interest

6 Earnings Before Interest and Taxes

Data for Cash Flow Coverage

7 Net Income

8 AFUDC

9 Amortization

10 Depreciation

11 Change in Deferred Taxes

12 Change in Investment Tax Credits

13 Preferred Dividends Paid

14 Cash Flow Generated

15 Construction Expenditures

16 Common Dividends Paid

COMPANY NAME
CAPITAL STRUCTURE AND COST OF CAPITAL STATEMENT - PER BOOKS AND AVERAGE
CASE NO. PUE------

Exhibit No.:__
Witness: ____
Schedule 3

(1)

(2)

(3)

(4)

(5)

(6)

4th Year Prior

3rd Year Prior

2nd Year Prior

1st Year Prior

Test Period

Five-Quarter or 13-Month Average

A. Capital Structure Per Balance Sheet ($)

Short-Term Debt
Customer Deposits
Other Current Liabilities
Long-Term Debt
Preferred & Preference Stock
Common Equity
Investment Tax Credits
Other Tax Deferrals
Other Liabilities
Total Capitalization

B. Capital Structure Approved for Ratemaking Purposes ($)

Short-Term Debt
Long-Term Debt
Preferred & Preference Stock
Job Development Credits
Common Equity
Other (specify)
Total Capitalization

C. Capital Structure Weights for Ratemaking Purposes

Short-Term Debt
Long-Term Debt
Preferred & Preference Stock
Job Development Credits
Common Equity
Other (specify)
Total Capitalization (100%)

D. Component Capital Cost Rates (%)

Short-Term Debt
Long-Term Debt
Preferred & Preference Stock
Job Development Credits
Common Equity (Authorized)
Other (specify)

E. Component Weighted Cost Rates (%)

Short-Term Debt
Long-Term Debt
Preferred & Preference Stock
Job Development Credits
Common Equity (Authorized)
Other (specify)
Weighted Cost of Capital

COMPANY NAME
RATE OF RETURN STATEMENT - EARNINGS TEST - PER BOOKS FOR THE TEST YEAR ENDED --/--/--
USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY

Exhibit No.: ___________
Witness: _____________
Schedule 9

(1)

(2)

(3)

(4)

(5)

(6)

(7)

LINE NO.

Total Company

Non-Jurisdictional

Virginia Cost of Service Amount
(1)-(2)

Retail Transmission Per Books

Generation Per Books

Distribution Per Books

Virginia Jurisdictional Gen. and Distr. Cost of Service
(5)+(6)

1

OPERATING REVENUE

2

OPERATING REVENUE DEDUCTIONS

3

OPERATION & MAINTENANCE EXPENSE

4

DEPRECIATION & AMORTIZATION

5

FEDERAL INCOME TAXES

6

STATE INCOME TAXES

7

TAXES OTHER THAN INCOME TAXES

8

(GAIN)/LOSS ON DISPOSITION OF PROPERTY

9

TOTAL OPERATING REVENUE DEDUCTIONS

10

OPERATING INCOME

11

PLUS:

AFUDC

12

LESS:

CHARITABLE DONATIONS

13

INTEREST EXPENSE ON CUSTOMER DEPOSITS

14

INTEREST ON SUPPLIER REFUNDS

15

OTHER INTEREST EXPENSE/(INCOME)

16

ADJUSTED OPERATING INCOME

17

PLUS:

OTHER INCOME/ ( EXPENSE)

18

LESS:

INTEREST EXPENSE-BOOKED

19

PREFERRED DIVIDENDS

20

JDC CAPITAL EXPENSE

n/a

n/a

n/a

n/a

n/a

n/a

n/a

21

INCOME AVAILABLE FOR COMMON EQUITY

22

ALLOWANCE FOR WORKING CAPITAL

23

PLUS:

NET UTILITY PLANT

24

LESS:

OTHER RATE BASE DEDUCTIONS

25

TOTAL AVERAGE RATE BASE

26

TOTAL AVERAGE CAPITAL

27

AVERAGE COMMON EQUITY CAPITAL

28

% RATE OF RETURN EARNED ON AVG. RATE BASE

29

% RATE OF RETURN EARNED ON AVG. COMMON EQ.

Notes:
For utilities subject to § 56-585.1 of the Code of Virginia, Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers.

Retail transmission shall not be excluded in this column.

COMPANY NAME
RATE OF RETURN STATEMENT - EARNINGS TEST
GENERATION AND DISTRIBUTION - PER BOOKS FOR THE TEST YEAR ENDED --/--/--
USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY

Exhibit No.: ________
Witness: __________
Schedule 10

(1)

(2)

(3)

(4)

LINE NO.

Virginia Juris. Cost of Service Including Rate Adjusting Clauses

Rate Adjustment Clause Pursuant to § 56-585.1 A 5 b, c or d

Rate Adjustment Clause Pursuant to § 56-585.1 A 6

Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses
(1)-(2)-(3)

1

OPERATING REVENUE

2

OPERATING REVENUE DEDUCTIONS

3

OPERATION & MAINTENANCE EXPENSE

4

DEPRECIATION & AMORTIZATION

5

FEDERAL INCOME TAXES

6

STATE INCOME TAXES

7

TAXES OTHER THAN INCOME TAXES

8

(GAIN)/LOSS ON DISPOSITION OF PROPERTY

9

TOTAL OPERATING REVENUE DEDUCTIONS

10

OPERATING INCOME

11

PLUS:

AFUDC

12

LESS:

CHARITABLE DONATIONS

13

INTEREST EXPENSE ON CUSTOMER DEPOSITS

14

INTEREST ON SUPPLIER REFUNDS

15

OTHER INTEREST EXPENSE/(INCOME)

16

ADJUSTED OPERATING INCOME

17

PLUS:

OTHER INCOME/(EXPENSE)

18

LESS:

INTEREST EXPENSE-BOOKED

19

PREFERRED DIVIDENDS

20

JDC CAPITAL EXPENSE

n/a

n/a

n/a

n/a

21

INCOME AVAILABLE FOR COMMON EQUITY

22

ALLOWANCE FOR WORKING CAPITAL

23

PLUS:

NET UTILITY PLANT

24

LESS:

OTHER RATE BASE DEDUCTIONS

25

TOTAL AVERAGE RATE BASE

26

TOTAL AVERAGE CAPITAL

27

AVERAGE COMMON EQUITY CAPITAL

28

% RATE OF RETURN EARNED ON AVG. RATE BASE

29

% RATE OF RETURN EARNED ON AVG. COMMON EQ.

Note:
Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 9 Column (7).

COMPANY NAME
RATE OF RETURN STATEMENT - EARNINGS TEST
ADJUSTED TO A REGULATORY ACCOUNTING BASIS FOR THE TEST YEAR ENDED --/--/--
USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY

Exhibit No.: ____
Witness: ______
Schedule 11

(1)

(2)

(3)

LINE NO.

Per Books Virginia Juris. Cost of Service

Regulatory Accounting Adjustments

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

1

OPERATING REVENUE

2

OPERATING REVENUE DEDUCTIONS

3

OPERATION & MAINTENANCE EXPENSE

4

DEPRECIATION & AMORTIZATION

5

FEDERAL INCOME TAXES

6

STATE INCOME TAXES

7

TAXES OTHER THAN INCOME TAXES

8

(GAIN)/LOSS ON DISPOSITION OF PROPERTY

9

TOTAL OPERATING REVENUE DEDUCTIONS

10

OPERATING INCOME

11

PLUS:

AFUDC

12

LESS:

CHARITABLE DONATIONS

13

INTEREST EXPENSE ON CUSTOMER DEPOSITS

14

INTEREST ON SUPPLIER REFUNDS

15

OTHER INTEREST EXPENSE/(INCOME)

16

ADJUSTED OPERATING INCOME

17

PLUS:

OTHER INCOME/(EXPENSE)

18

LESS:

INTEREST EXPENSE-BOOKED

19

PREFERRED DIVIDENDS

20

JDC CAPITAL EXPENSE

21

INCOME AVAILABLE FOR COMMON EQUITY

22

ALLOWANCE FOR WORKING CAPITAL

23

PLUS:

NET UTILITY PLANT

24

LESS:

OTHER RATE BASE DEDUCTIONS

25

TOTAL AVERAGE RATE BASE

26

TOTAL AVERAGE CAPITAL

27

AVERAGE COMMON EQUITY CAPITAL

28

% RATE OF RETURN EARNED ON AVG. RATE BASE

29

% RATE OF RETURN EARNED ON AVG. COMMON EQ.

Note:
Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 10 Column (4) and shall exclude Rate Adjustment Clauses.
Column (1) amounts for utilities not subject to § 56-585.1 shall come from Schedule 9 Column (3).

COMPANY NAME
RATE BASE STATEMENT - EARNINGS TEST - PER BOOKS
THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE

Exhibit No.: ___________
Witness: _____________
Schedule 12

(1)

(2)

(3)

(4)

(5)

(6)

(7)

LINE NO.

Total Company

Non-Jurisdictional

Virginia Cost of Service Amount
(1)-(2)

Retail Transmission Per Books

Generation Per Books

Distribution Per Books

Virginia Jurisdictional Gen. and Distr. Cost of Service
(5)+(6)

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 ADJUSTMENTS

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 AVERAGE RATE BASE

Note:
For utilities subject to § 56-585.1 of the Code of Virginia, Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers.

Retail transmission shall not be excluded in this column.

COMPANY NAME
RATE BASE STATEMENT - EARNINGS TEST
GENERATION AND DISTRIBUTION PER BOOKS
THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE

Exhibit No.: ________
Witness: __________
Schedule 13

(1)

(2)

(3)

(4)

LINE NO.

Virginia Juris. Cost of Service Including Rate Adjustment Clauses

Rate Adjustment Clause Pursuant to § 56-585.1 A 5 b, c or d

Rate Adjustment Clause Pursuant to § 56-585.1 A 6

Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses
(1)-(2)-(3)

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 ADJUSTMENTS

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 AVERAGE RATE BASE

Note:
Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 12 Column (7).

COMPANY NAME
RATE BASE STATEMENT - EARNINGS TEST
ADJUSTED TO A REGULATORY ACCOUNTING BASIS
THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE

Exhibit No.: _______
Witness: _________
Schedule 14

(1)

(2)

(3)

LINE NO.

Per Books Virginia Juris. Cost of Service

Regulatory Accounting 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 ADJUSTMENTS

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 AVERAGE RATE BASE

Notes:
Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 13 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 12 Column (3).

Statutory Authority

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

Historical Notes

Derived from Volume 25, Issue 09, eff. January 1, 2009.

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