Duquesne Light Company
Distribution Rate Case
Docket No. R-2013-2372129
Filing Index
Exhibit 1 – Summary of Filing
Part I – General Information
Part II – Primary Statements of Rate Base & Operating Income
Part III – Rate of Return
Part IV – Rate Structure & Cost Allocation
Part V – Plant & Depreciation Supporting Data
Part VI – Unadjusted Comparative Balance Sheet & Operating Income Statements
Exhibits 2 thru 4 – Summary of Measures of Value & Rate of Return
Exhibit 2 – Fully Projected Future Test Year (May 1, 2014 thru April 30, 2015)
Exhibit 3 – Future Test Year (April 1, 2013 thru March 31, 2014)
Exhibit 4 – Historic Test Year (April 1, 2012 thru March 31, 2013)
Exhibit 5 – Direct Testimony
Statement 1 – David Bordo
Statement 2 – Matthew Ankrum
Statement 3 – Jamie Habberfield
Statement 4 – Scott Ward
Statement 5 – Robert O’Brien
Statement 6 – John J. Spanos
Statement 7 – Matthew L. Simpson
Statement 8 – Michele Sandoe
Statement 9 – Paul R. Moul
Statement 10 – James Milligan
Statement 11 – Howard Gorman
Statement 12 – William V. Pfrommer
Exhibit 6 – Jurisdictional Separation and Allocated Cost of Service Studies
Exhibit 7 – Depreciation Studies
Schedule A
Page 1 of 2
STATEMENT OF REASONS
52 Pa. Code § 53.52(a)(1)
INTRODUCTION
Duquesne Light Company (“Duquesne Light” or the “Company”) is responsible for
providing adequate, efficient, safe and reliable electric service to its customers and must
have the ability to raise capital to meet such requirements. The Company is allowed to
charge just and reasonable rates as established by the Pennsylvania Public Utility
Commission (“Commission”) that provide the Company with a fair opportunity to
recover its operating costs and earn a fair return on its investment. This is accomplished
through a rate case process.
In this filing, Duquesne Light is requesting that the Commission approve an overall
annual increase in distribution revenue of approximately $76.3 million. If granted by the
Commission as filed, this request would produce a system average increase in
distribution rates of approximately 17.6% and an increase in total rates (distribution,
transmission and generation charges) of approximately 10.6% for a typical residential
default service customer. The percentage increase in rates differs for each individual rate
class.
DUQUESNE LIGHT COMPANY’S COSTS
Duquesne Light has controlled its operation and maintenance expenses by implementing
process improvements and deploying cost saving measures. Nevertheless, the cost of
providing electric distribution service has increased since the last distribution rate
increase in April 2011. Significant cost increases have occurred in many areas, including
increased investment in facilities to maintain high levels of service and reliability,
increased investment in information technology, increased operation and maintenance
expenses to maintain safe and reliable service, including increased vegetation
management expenses, and increased costs for Company’s cyber security initiatives to
maintain the integrity of the Company’s and customers’ information. In addition, the
Company’s net plant will have increased by approximately $266 million as of the end of
the future test year in the 2010 base rate case through April 30, 2015.
DUQUESNE LIGHT’S FINANCIAL CONDITION
Absent increases in rates, Duquesne Light’s financial condition would continue to decline
in the fully projected future test year due to continued capital expenditures and increased
operating expenses. On a pro forma basis for the fully projected future test year,
Duquesne Light anticipates an overall return on rate base of only 5.67% absent rate relief.
These financial results do not provide a return that will permit the Company to attract
Schedule A
Page 2 of 2
new capital on reasonable terms. Revenues at present rates do not provide the Company
the opportunity to earn a fair return and simply do not provide sufficient funds for
Duquesne Light to adequately operate its business, abide by federal and state
requirements, and provide reliable electric service to its customers.
RELIABLE ELECTRIC SERVICE
Duquesne Light has consistently provided its customers with service at reliability
levels as measured by SAIDI and SAIFI that are at or near the top of the levels provided
by all of the major Pennsylvania electric distribution companies. Duquesne Light has
increased efficiency and reliability through the use of technology, such as automated
meter reading systems and automated control systems that continuously monitor remote
switches that can be operated to re-route power during storms and other outages to
quickly restore service to large blocks of customers. The Company also has adopted or is
adopting additional measures to maintain and improve its reliability, including
enhancements to its vegetation management program, establishing a service restoration
team to identify ways to improve service restoration times, and developing programs for
improving low performing electric circuits.
CUSTOMER SERVICE
Duquesne Light has consistently provided high levels of customer service. The Company
is currently subject to customer service metrics as a result of the transfer of certain
interests in DQE Holdings LLC to Epsom Investment Pte Ltd. The Company has
exceeded these customer service metrics.
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Witness:
Page
1
Bordo
of 2
Future Test Year - 12 Months Ended March 31, 2014
[1]
[2]
[3]
Witness:
# of Pages
Schedule / Exhibit / Workpaper Location
Table of Contents
Description
SECTION A
Schedule
A
Statement of Reasons
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Fully Projected Future Test Year - 12 Months Ended April 30, 2015
Future Test Year - 12 Months Ended March 31, 2014
Historic Year - 12 Months Ended March 31, 2013
($ in Thousands)
Various
2 pages
Ankrum
Ankrum
Ankrum
Ankrum
Simpson
Milligan/Moul
Milligan/Moul
Milligan/Moul
Moul
2 pages
1 page
1 page
2 pages
1 page
1 page
1 page
1 page
1 page
B_1_p1 (A1..J65)
Measures of Value and Rate of Return
Pro Forma Electric Plant in Service
Pro Forma Plant Adjustment Summary
Pro Forma FPFTY End 4-30-15 Plant Balances
Additions to Plant FPFTY Ended 4-30-15
Retirements for FPFTY Ended 4-30-15
Pro Forma Adjustments to Plant
Accumulated Provision for Depreciation
Summary of Accumulated Depreciation
Accumulated Depreciation by FERC Account
Cost of Removal FPFTY Ended 4-30-15
Pro Forma Accumulated Depreciation on Plant Adjustments
Working Capital
Summary of Working Capital
Revenue Lag
Summary of Expense Lag Calculations
Tax Expense Lag Days
Interest Payments
Preferred Stock Payments
Tax Expense Lag Details
Prepaid Expenses
O'Brien/Gorman
Ankrum/O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
Ankrum/O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
1 page
2 pages
2 pages
1 page
1 page
1 page
1 page
1 page
C_1_to_C_2 (A1..L60)
Plant Materials and Operating Supplies
Accumulated Deferred Income Taxes
Customer Deposits and Interest
Excess Pension Capitalized
Ankrum/O'Brien
Simpson
O'Brien
O'Brien
1 page
1 page
1 page
1 page
SECTION B
Schedule
B-1
B-2
B-3
B-4
B-5
B-6
B-7
B-8
B-9
Balance Sheet
Statement of Net Utility Operating Income
Statement of Operating Revenues
Operation and Maintenance Expenses
Detail of Taxes
Rate of Return
Capital Structure - Year End 3-31-14 and 4-30-15
Composite Cost of Long-Term Debt at 4-30-15
Composite Cost of Preferred Stock at 4-30-15
B_2 (A131..J195)
B_3 (A196..J260)
B_4_p1 (A261..J325)
B_5 (A391..J455)
B-6 (A1..Q40)
B-7 (A41..Q80)
B-8 (A81..Q120)
B- (A121..Q160)
SECTION C
Schedule
C-1
C-2
C-3
C-4
C-5
C-6
C-7
C-8
Exhibit 3 FTY 7-30-13
Table_of_Contents_p1 (A1..J60)
C_1_to_C_2 (A61..L120)
C_2_p2 (A1..N50)
C-2!Page 3 (A1..AG100)
C-2!Page 4 (A101..AG200)
C-2!Page 5 (A201..AG300)
C-2!Page 6 (A301..AG400)
C_3_P_1 (A1..L60)
C_3_p2 (A61..L120)
C-3!Page 3 (A1..AE100)
C-3!Page 4 (A101..AE200)
C-3!Page 5 (A201..AE300)
C_4_P_1 (A1..L50)
C_4_p2 (A51..N110)
C_4_p3 (A111..N170)
C_4_p5 (A231..N290)
C_4_p7 (A351..N410)
C_4_p8 (A411..N470)
C_4_p9 (A471..N530)
C_4_p10 (A1..T75)
C_4_p11 (A1..AL60)
C_5 (A1.L50)
C_6 (A51..L100)
C_7 (A101..L150)
C_8 (A151..L210)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Witness:
Page
2
Bordo
of 2
Future Test Year - 12 Months Ended March 31, 2014
[1]
[2]
[3]
Witness:
# of Pages
Schedule / Exhibit / Workpaper Location
O'Brien/Gorman
Ankrum/O'Brien
O'Brien
3 pages
1 page
2 pages
D_1_p1 (A1..L50)
O'Brien
O'Brien
O'Brien
O'Brien
Pfrommer
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
O'Brien
1 page
1 page
1 page
1 page
10 pages
1 page
1 page
2 pages
1 page
1 page
1 page
1 page
D_5_p1 (A1..V60)
Simpson/O'Brien
O'Brien
O'Brien
Simpson/O'Brien
1 page
1 page
3 pages
3 pages
Table of Contents
Description
SECTION D
SCHEDULE
D-1
Jurisdictional Rate Base, Net Operating Income and Revenue Increase
D-2
Adjusted Net Operating Income At Present Rates
D-3
Adjustments to Net Operating Income
D-4
Not Used
D-5
Summary of Revenue Adjustments
D-5A
Remove Surcharge Revenue
D-5B
Update of Forecast Revenue
D-5C
Revenue Annualization
D-6
Operating Revenue Detail
D-6
Remove Surcharge Revenue Related Expenses
D-6
Update Purchased Energy Expenses
D-7
Adjustment for Salaries & Wages
D-8
Rate Case Expense Normalization
D-9
Adjustment for Pension
D-10
Uncollectible Accounts
D-11
Amortize Other Investment Technology Costs
D-12
Not Used
D-13
Not Used
D-14
Not Used
D-15
Not Used
D-16
Taxes Other Than Income Taxes
Taxes Other Than Income Taxes -Adjustments
D-17
Depreciation and Annualization Expense Adjustment
D-18
Income Tax Expense at Present Rates - Total Company
Exhibit 3 FTY 7-30-13
Control_p2 (A61..L120)
D_2 (A151..L210)
D_3_p1 (A1..AD60)
D_5A (A61..V120)
D_5B (A121..V180)
D_5C (A181..V240)
Separate File to be Added
D_6_p1 (A241..V300)
D_6_p2 (A301..V360)
D_7 _p1 (A1..R55)
D_8 (A1..N60)
D_9_p1 (A61..N120)
D_10 (A121..N180)
D_11 (A181..N240)
D_16_p1 (A1..N60)
D_16_p2 (A61..N120)
D_17_p1 (A1..AJ100)
D_18_p1 (A1..N61)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Balance Sheet
[1]
Line
No
1
2
3
Forecast
FTY
Description/(Account No)
UTILITY PLANT
Utility Plant (101-106, 108)
Other Utility Plant
Total Plant In Service
4
$
Construction Work In Progress (107)
5
221,843
Total Utility Plant
6
7
3,330,332
3,330,332
3,552,175
Accumulated Provision for Depreciation
Net Utility Plant
(1,055,508)
2,496,667
8
9
10
11
12
13
14
15
OTHER PROPERTY INVESTMENTS
Non-utility Property (121)
Accumulated Depreciation on NUP (122)
Invest in Subsidiary Company (123.1)
Other Investments (124)
Other Special Funds (128)
Special Funds - Non Major Only (129)
Long Term Portion of Derivative Assets (175.1)
Total Other Property and Investments
16
17
18
19
20
21
22
23
24
25
26
27
28
CURRENT AND ACCRUED ASSETS
Cash & Other Temporary Investments(131-136)
Customer Accounts Receivable (142)
Other Accounts Receivable (143)
Accum Provision for Uncollectible (144)
Accounts Receivable Assoc. Comp. (146)
Plant Materials & Supplies (154)
Stores Expense - Undistributed (163)
Prepayments (165)
Interest & Dividends Receivable (171)
Miscellaneous Current & Accrued Assets (174)
Derivative Instrument Assets (175)
(Less) Long Term Portion of Derivative Assets (175.1)
Total Current and Accrued Assets
5,541
116,967
5,148
(16,629)
899
20,184
29,905
2
(140)
161,877
28
29
30
31
32
33
34
DEFERRED DEBITS
Unamortized Debt Expense (181)
Other Regulatory Assets (182.3)
Clearing Accounts (184)
Temporary Facilities(185)
Miscellaneous Deferred Debits (186)
Unamortized Loss on Reacquired Debt (189)
Accumulated Deferred Income Taxes (190)
4,917
671,668
2,451
30,932
141,427
35
36
2,507
(295)
268
1,534
4,014
Total Deferred Debits
TOTAL ASSETS AND OTHER DEBITS
Exhibit 3 FTY 7-30-13
B_1_p1 (A1..J65)
851,395
$
3,513,953
B-1
Ankrum
1 of 2
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Balance Sheet
[1]
Line
No
Forecast
FTY
Description/(Account No)
1
2
3
4
5
6
7
8
PROPRIETARY CAPITAL
Common Stock Issued (201)
Preferred Stock Issued (204)
Premium on Capital Stock (207)
Other Paid-in-Capital (208-211)
Capital Stock Expense (214)
Retained Earnings (215, 215.2, 216, 261.1)
Accum Other Comprehensive Income (219)
Total Propriety Capital & Margins
9
10
11
12
13
14
LONG TERM DEBT
Bonds (221)
Advances from Associated Companies (223)
Other Long-Term Debt (224)
Unamortized Premium on LTD (225)
Unamortized Discount on LTD (226)
Total Long-term Debt
15
16
17
18
19
20
OTHER NON-CURRENT LIABILITIES
Obligations under Capital Leases (227)
Accum. Prov for Injuries & Damages (228.2)
Accum. Prov for Pensions & Benefits (228.3)
Accum. Miscellaneous Operating Prov (228.4)
Long-Term Portion of Derivative Instrument Liabilities
Total Long-term Debt
21
22
23
24
25
26
27
28
29
30
31
32
33
CURRENT & ACCRUED LIABILITIES
Notes Payable (231)
Accounts Payable (232)
Notes Payable to Assoc. Companies (233)
Accounts Payable to Assoc. Cos (234)
Customer Deposits (235)
Taxes Accrued (236)
Interest Accrued (237)
Dividends Declared (238)
Tax Collections Payable (241)
Misc Current & Accrued Liabilities (242)
Derivative Instrument Liabilities (244)
Less: Long Term Portion of Derivative Inst. Liab. Hedge
Total Current & Accrued Liabilities
34
35
36
37
38
39
40
41
OTHER DEFERRED CREDITS
Customer Advances for Construction (252)
Other Deferred Credits (253)
Other Regulatory Liabilities (254)
Deferred Investment Tax Credit (255)
Unamortized Gain on Reacquired Debt (257)
Accumulated Deferred Income Taxes (282)
Accumulated Deferred Income Taxes (283)
Total Other Deferred Credits
42
TOTAL LIABILITIES & OTHER CREDITS
Exhibit 3 FTY 7-30-13
B_1_p2 (A66..J130)
$
107,936
137
988,427
(2,162)
131,395
(8,739)
1,216,994
475,000
300,000
109,905
884,905
3,862
45,589
1,959
51,410
10,000
80,417
13,998
8,109
13,085
12,396
562
24,806
163,373
337,865
10,846
438,423
410,137
1,197,271
$
3,513,953
B-1
Ankrum
2 of 2
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
B-2
Ankrum
1 of 1
Statement of Net Utility Operating Income
Line
No
Description
1
2
3
4
Total Operating Revenues
Total Sales Revenues
Sales for Resale
Other Operating Revenues
Total Revenues
5
6
7
8
9
10
Total Operating Expenses
Operation & Maintenance Expenses
Depreciation Expense
Other Amortization
Amortization of Regulatory Assets
Taxes Other Than Income Taxes
Total Operating Expenses
11
Operating Income Before Income Taxes (OIBIT)
12
13
14
Income Taxes:
State
Federal
Total Income Taxes
15
Net Utility Operating Income
Exhibit 3 FTY 7-30-13
B_2 (A131..J195)
[1]
[2]
Acct
No
Forecast
FTY
$
400
401,402
404
405
405
408.1
Reference
644,321
660
91,958
736,939
B-3
B-3
B-3
351,139
114,840
4,800
61
47,165
518,005
B-4
B-5
218,934
409.1
409.1
9,566
46,401
55,967
$
162,967
B-5
B-5
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Statement of Operating Revenues
[1]
Line
No
1
2
3
4
5
6
7
8
9
10
Forecast
FTY
Description
Electric Operating Revenues
Sales of Electricity:
Total Distribution
$
Total Generation
478,675
139,769
Transmission Revenue
41,395
CAP Revenue Credit
Total Sales to Ultimate Customers
Sales for Resale/Account 447
Total Sales Revenue
(15,518)
644,321
660
644,981
11
12
13
Other Operating Revenues
Forfeited Discounts/Account 450:
Late Payment Charges
Reconnect Fees
Total Account 450
3,377
46
3,423
14
15
Miscellaneous Service
DL Transmission Dispatch
1,115
379
16
17
18
Rent from Electric Property/Account 454:
Rent - Electric Property
Customer Work - Reimburse & O&M Fixedd
Pole Attachment
Total Account 454
8,016
500
250
8,766
19
20
21
22
23
23
23
23
24
Other Electric Revenues/Account 456:
Other Electric Revenues (456.01)
I.T.Service Charge (456.06)
AES BV Partners - Demand (456.10)
AES BV Partners - Transmission (456.11)
Dominion Marketing Revenue (456.12)
PJM DLCO Frim (456.32)
PJM DLC Pwr NFPP (456.53)
Total Other Revenue
74,657
1,565
209
1,620
224
78,275
25
Total Other Operating Revenues
91,958
26
Total Operating Revenues
Exhibit 3 FTY 7-30-13
B_3 (A196..J260)
$
736,939
B-3
Ankrum
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Operation and Maintenance Expenses
[1]
Line
No
Description
Account
No
Forecast
FTY
1
2
3
Purchased Power Expenses:
Purchased power
Other Power Supply Expense
Total Purchased Power Expenses
555
556
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Transmission Expense:
Operation Supervision & Engineering
Load Dispatching
Station Expenses
Overhead Line Expenses
Underground Line Expenses
Transmission of Electricity by Others
Miscellaneous Transmission Expenses
Rents
Maintenance Supervision & Engineering
Maintenance of Structures
Maintenance of Station Equipment
Overhead Lines
Underground Lines
Miscellaneous Maintenance & Repair
Total Transmission Expenses
560
561
562
563
564
565
566
567
568
569
570
571
572
573
1,282
185
197
1,260
178
1,964
343
159
1,696
2,133
101
9,498
19
20
21
22
23
24
25
26
27
28
29
Distribution Expense:
Operation Supervision & Engineering
Load Dispatching
Station Expenses
Overhead Line Expense
Underground Line Expense
Street Lighting & Signal Systems
Meter Expenses
Customer Installations Expense
Miscellaneous Expenses
Rents
Total Distribution Operation Expenses
580
581
582
583
584
585
586
587
588
589
3,362
826
318
1,097
586
1
387
2
8,048
14,627
30
31
32
33
34
35
36
37
38
39
40
Maintenance Supervision & Engineering
Maintenance of Structures
Maintenance of Station Equipment
Maintenance of OH lines
Maintenance of Underground lines
Maintenance of Line Transformers
Maintenance of Street Lighting & Signals
Maintenance of Meters
Maintenance of Miscellaneous Plant
Total Distribution Maintenance Expenses
Total Distribution Expenses
590
591
592
593
594
595
596
597
598
243
205
3,037
19,472
1,549
17
453
1,009
190
26,175
40,802
Exhibit 3 FTY 7-30-13
B_4_p1 (A261..J325)
$
131,315
131,315
B-4
Ankrum
1 of 2
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Operation and Maintenance Expenses
[1]
Line
No
Description
Account
No
Forecast
FTY
41
42
43
44
45
46
Customer Accounting Expense:
Supervision
Customer Assistance
Records & Collections
Uncollectible Accounts
Miscellaneous Expenses
Total Customer Accounts Expense
901
902
903
904
905
2,362
4,032
8,545
9,800
24,739
47
48
49
50
51
Customer Services Expense:
Customer Service-Supervision
Customer Service-Customer Assistance
Customer Service-Information and Instruction
Customer Service-Miscellaneous Service & Info
Total Customer Service & Informational Expenses
907
908
909
910
30,232
30,232
52
53
54
55
56
Sales Expense:
Supervision
Demonstration and Selling Expenses
Advertising Expenses
Miscellaneous Sales Expenses
Total Sales Expense
911
912
913
916
-
57
58
59
60
61
62
63
64
65
66
67
68
Administrative & General Expenses:
Administrative and General Salaries
Office Supplies and Expenses
Administrative Expenses Transferred - Credit
Outside Services Employed
Property Insurance
Injuries and Damages
Employee Pensions and Benefits
Regulatory Commission Expenses
General Advertising Expenses
Miscellaneous General Expenses
Rents
Total Operation
920
921
922
923
924
925
926
928
930.1
930.2
931
18,830
4,743
14,696
5,874
1,338
44,252
1,091
633
7,864
2,850
102,171
69
70
Maintenance of General Plant
Total Administrative and General Expenses
935
12,382
114,553
71
Total Operation & Maintenance Expenses-
Exhibit 3 FTY 7-30-13
B_4_p2 (A326..J390)
$
351,139
B-4
Ankrum
2 of 2
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Detail of Taxes
[1]
Line
No
Description
Forecast
FTY
Reference
Taxes Other Than Income Taxes
1
2
3
4
5
6
Non-revenue related:
PA Real Estate Tax
Pennsylvania - PURTA
Capital Stock
Insurance Premiums
Miscellaneous Taxes
Subtotal
Subtotal
Sum L 7 to L 10
4,313
357
38
308
5,016
Revenue Related:
State Gross Receipts:
Pennsylvania
13
14
15
16
Sum L 1 to L 5
854
1,073
778
315
3,020
Payroll Taxes
FICA
SUTA
FUTA
City of Pittsburgh
7
8
9
10
11
12
$
Total Taxes Other Than Income Taxes
Income Taxes
State
Federal
Total Income Taxes
Exhibit 3 FTY 7-30-13
B_5 (A391..J455)
39,129
L 6 + L 11 + L 12
L 14 + L 15
$
47,165
$
9,566
46,401
55,967
$
B-5
Simpson
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Rate of Return
Line
No
Description
1
Long-Term Debt
2
[2]
[3]
[4]
[5]
Capitalization
Capitalization
Ratio
Embedded
Cost
Statement
Reference
Return Percent
906,301
42.95%
5.18%
B-8
2.23%
Preferred Stock
107,936
5.11%
5.89%
B-9
0.30%
3
Common Equity
1,096,012
51.94%
11.25%
4
Total
2,110,249
100.00%
Exhibit 3 FTY 7-30-13
B-6 (A1..Q40)
$
[1]
$
5.83%
8.36%
B-6
Moul
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Capital Structure - Year End 3-31-14 and 4-30-15
Line
No
Description
[1]
[2]
March 31,
2014
April 30,
2015
Capitalization
1
Long-Term Debt
$
853,973
$
906,301
2
Preferred Stock
107,936
107,936
3
Common Equity
1,117,660
1,096,012
4
Total
$ 2,079,569
$ 2,110,249
Capitalization Ratios
5
Long-Term Debt
41.06%
42.95%
6
Preferred Stock
5.19%
5.11%
7
Common Equity
53.75%
51.94%
8
Total
100.00%
100.00%
Exhibit 3 FTY 7-30-13
B-7 (A41..Q80)
B-7
Milligan/Moul
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Composite Cost of Long-Term Debt at 4-30-15
[1]
Line
No
1
2
3
4
5
6
7
8
9
10
Description
First Collateral Trust Bonds
4.76% Series S - Due 2-3-42
4.156% Series T - Due 11-1-43
Pollution Control Revenue Bonds
Ohio Water Devel Auth 1999 Ser C Due 3-1-31
Beaver County 1999 Series B Due 3-1-31
Beaver County 1999 Series C Due 8-1-33
Beaver County 1999 Series D Due 4-1-31
Intercompany Loans
Loan A
Loan B
Loan C
Loan D
11
12
Amount
Outstanding [a]
$
Total Long Term Debt
Unamortized Call Premium
13
Long-Term Debt
14
Annualized Cost
15
Amortization of Loss on Reacquired Debt
16
Total Cost
[a] Current Portion of Long-Term Debt
Exhibit 3 FTY 7-30-13
B-8 (A81..Q120)
Schedule
Witness:
Page
[2]
Percent
to Total
[3]
Effective
Interest
Rate
[4]
Average
Weighted
Cost Rate
200,000
275,000
21.39%
29.41%
4.81%
5.20%
1.03%
1.53%
33,955
13,700
18,000
44,250
3.63%
1.47%
1.93%
4.73%
4.79%
4.81%
4.80%
4.55%
17.00%
0.07%
0.09%
22.00%
100,000
50,000
150,000
50,000
10.70%
5.35%
16.04%
5.35%
4.71%
4.25%
4.53%
4.15%
0.50%
0.23%
0.73%
0.22%
934,905
100.00%
43.40%
(28,604)
$
906,301
$
44,788
2,149
$
46,937
5.18%
B-8
Milligan/Moul
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Composite Cost of Preferred Stock at 4-30-15
Line
No
Description
1
3.75% Series
2
[1]
[2]
[3]
[4]
Amount
Outstanding
Percent
to Total
Effective
Cost Rate
Weighted
Cost Rate
7,400
6.86%
3.77%
0.26%
4.10% Series
5,993
5.55%
4.12%
0.23%
3
4.15% Series
6,623
6.14%
4.17%
0.26%
4
4.20% Series
5,000
4.63%
4.23%
0.20%
5
6.50% Series
74,950
69.44%
6.67%
4.63%
6
$2.10 Series
7,970
7.38%
4.19%
0.31%
107,936
100.00%
7
Exhibit 3 FTY 7-30-13
B- (A121..Q160)
Total Preferred Stock
$
$
5.89%
B-9
Milligan/Moul
1 of 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-1
O'Brien/Gorman
1 of 1
Measures of Value and Rate of Return
[1]
Line
No
Description
[2]
[3]
FTY Ended 3-31-14
Total Electric
Total PA
Utility
Jurisdiction
Reference
1
Total Measure of Value/Rate Base - Net
$
1,931,768
$
1,412,434
D-1, page 3
2
Pro Forma Return at Present rates
Amount
$
147,051
$
101,605
D-1, Page 2
3
4
Percent
Pro Forma Return at Proposed Rates
Amount
5
Exhibit 3 FTY 7-30-13
C_1_to_C_2 (A1..L60)
Percent
7.612%
7.194%
$
118,079
8.36%
D-1, Page 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
Pro Forma Electric Plant in Service
Line
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Description
Electric Plant in Service
Intangible Plant
Organizations
Franchises & Consents
Software
Total Intangible Plant
Transmission Plant:
Land and Land Rights
Structures and Improvements
Station Equipment
Towers and Fixtures
Poles and Fixtures
Overhead Conductors & Devices
Underground Conduit
Underground Conduit & Devices
Roads and Trails
Subtotal Transmission Plant
Distribution Plant:
Land and Land Rights
Structures and Improvements
Station Equipment
Poles, Towers and Fixtures
Overhead Conductors and Devices
Underground Conduit
Underground Conductors and Devices
Line Transformers
OH & UND Services
Meters & Appurtencies
Meter Communication Equipment
Street Lighting
Total Distribution Plant
General Plant:
Land and Land Rights
Structures and Improvements (1)
Office Equipment & Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communication Equipment
Miscellaneous Equipment
Total General Plant
Total Electric Plant in Service - Accounts 101 & 106
Exhibit 3 FTY 7-30-13
C_1_to_C_2 (A61..L120)
[1]
[2]
Account
No
Pro Forma
FTY Ended
3/31/14
301
302
303
100
7
21,540
21,647
350
352
353
354
355
356
357
358
359
14,151
21,294
353,184
78,114
36,721
78,212
69,748
96,033
2,092
749,549
360
361
362
364
365
366
367
368
369
370
370.1
373
13,039
61,256
419,773
393,555
402,169
120,074
294,971
334,542
89,716
97,443
280
39,898
2,266,716
389
390
391
392
393
394
395
396
397
398
5,859
125,487
8,299
66,003
2,436
14,960
3,486
2,854
62,672
364
292,420
$
3,330,332
C-2
Ankrum/O'Brien
1 of 6
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
C-2
Witness:
Ankrum/O'Brien
Page
2 of 6
Pro Forma Plant Adjustment Summary
Line
#
Description
[1]
[2]
Schedule
FTY Ended
3/31/14
Forecast
Adjustments
Pro Forma
FTY Ended
3/31/14
INTANGIBLE PLANT
Sch. C-2, Page 3
2
PRODUCTION PLANT
Sch. C-2, Page 3
-
-
-
3
STORAGE PLANT
Sch. C-2, Page 3
-
-
-
4
TRANSMISSION PLANT
Sch. C-2, Page 3
749,549
-
749,549
5
DISTRIBUTION PLANT
Sch. C-2, Page 3
2,266,716
-
2,266,716
6
GENERAL PLANT
Sch. C-2, Page 3
292,420
-
292,420
7
SUB-TOTAL PLANT-IN-SERVIC Sum (L 1 to L 6)
3,330,332
-
3,330,332
9
COMPLETED CONSTRUCTION
10
PLANT-IN-SERVICE
Exhibit 3 FTY 7-30-13
C_2_p2 (A1..N50)
G/L a/c # 106
Sum (L 7 to L 9)
21,647
[4]
1
8
$
[3]
$
-
$
21,647
-
-
-
-
-
-
$ 3,330,332
$
-
$ 3,330,332
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-2
Witness:
Page
Ankrum/O'Brien
3
of 6
SUMMARY PLANT IN SERVICE
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
Future Test Year - 12 Months Ended March 31, 2014
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26 Land and land rights
27 Structures, Improvements
28 Station Equipment
29 Storage Battery Equipment
30 Poles, Towers and Fixtures
31 Overhead Conductors and Devices
32 Underground Conduit
33 Underground Conductors and Devices
34 Line Transformers
35 Services
36 Meters
37 Meter Communications Equipment
38 Leased Property On Customers Premises
39 Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41 Land and land rights
42 Structures, Improvements
43 Leasehold Improvements
44 Office furniture
45 Office furniture - Combined for FTY
46 Office equipment
47 Office equipment - Combined for FTY
48 Transportation equipment
49 Store equipment
50 Store equipment - Combined for FTY
51 Tools, shop and garage equipment
52 Tools, shop and garage equipment - Combined f
53 Laboratory equipment
54 Laboratory equipment - Combined for FTY
55 Power operated equipment
56 Electric communications equipment
57 Electric communications equipment - Combined
58 Miscellaneous equipment
59 Miscellaneous equipment - Combined for FTY
60
TOTAL GENERAL
61
SUB-TOTAL
Account
Number
301
Balance
3/31/13
$
302
303
Sum L 1 to L 3
Balance
4/30/13
100
7
22,819
22,926
$
Balance
5/31/13
100
7
22,819
22,926
$
Balance
6/30/13
100
7
19,629
19,736
$
Balance
7/31/13
100
7
19,787
19,894
$
Balance
8/31/13
100
7
19,946
20,053
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
Balance
2/28/14
Balance
3/31/14
Future Test Year - 12 Months Ended March 31, 2014
$
Balance
9/30/13
100
7
20,104
20,211
$
Balance
10/31/13
100
7
20,263
20,370
$
100
7
20,421
20,528
Balance
11/30/13
$
100
7
20,580
20,687
Balance
12/31/13
$
100
7
20,820
20,927
Balance
1/31/14
$
100
7
21,060
21,167
$
100
7
21,300
21,407
$
100
7
21,540
21,647
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
310
311
316
Sum L 5 to L 7
340
341
346
14,151
21,295
333,408
67,050
31,033
71,285
67,259
91,825
2,092
-
14,151
21,294
335,243
68,183
31,659
71,955
67,396
92,433
2,092
-
14,151
21,294
337,078
69,316
32,286
72,625
67,690
92,883
2,092
-
14,151
21,294
338,913
70,448
32,913
73,296
67,984
93,333
2,092
-
14,151
21,294
340,748
71,580
33,540
73,966
68,278
93,783
2,092
-
14,151
21,294
342,583
72,712
34,167
74,636
68,572
94,233
2,092
-
14,151
21,294
344,418
73,844
34,794
75,306
68,866
94,683
2,092
-
14,151
21,294
346,253
74,976
35,421
75,976
69,160
95,133
2,092
-
14,151
21,294
348,088
76,108
36,048
76,647
69,454
95,583
2,092
-
14,151
21,294
349,923
77,240
36,675
77,317
69,748
96,033
2,092
-
14,151
21,294
351,010
77,532
36,690
77,615
69,748
96,033
2,092
-
14,151
21,294
352,097
77,823
36,706
77,913
69,748
96,033
2,092
-
14,151
21,294
353,184
78,114
36,721
78,212
69,748
96,033
2,092
-
Sum L 14 to L 24
699,398
704,406
709,415
714,424
719,432
724,440
729,448
734,456
739,465
744,473
746,165
747,857
749,549
360
13,039
61,210
412,232
372,296
385,206
112,533
286,079
312,652
87,454
96,826
280
39,866
13,039
61,256
412,524
373,920
384,657
112,626
286,869
315,226
87,601
96,860
280
39,898
13,039
61,256
413,304
375,782
386,315
113,082
287,294
317,121
87,884
96,913
280
39,898
13,039
61,256
413,739
377,451
387,798
114,058
288,156
319,182
88,060
96,966
280
39,898
13,039
61,256
414,088
379,662
389,626
114,781
288,806
321,505
88,236
97,019
280
39,898
13,039
61,256
414,215
381,225
390,882
115,444
289,405
323,387
88,489
97,072
280
39,898
13,039
61,256
414,342
382,658
392,036
116,239
290,115
325,066
88,689
97,125
280
39,898
13,039
61,256
414,469
383,991
393,076
116,912
291,857
326,632
88,857
97,178
280
39,898
13,039
61,256
414,595
385,324
394,117
117,585
292,464
328,198
89,025
97,231
280
39,898
13,039
61,256
416,321
387,824
399,001
118,141
293,233
329,856
89,212
97,284
280
39,898
13,039
61,256
416,469
389,485
399,850
119,284
294,233
331,247
89,380
97,337
280
39,898
13,039
61,256
416,617
391,147
400,699
119,679
294,602
332,637
89,548
97,390
280
39,898
13,039
61,256
419,773
393,555
402,169
120,074
294,971
334,542
89,716
97,443
280
39,898
2,179,673
2,184,756
2,192,168
2,199,883
2,208,196
2,214,592
2,220,743
2,227,445
2,233,012
2,245,345
2,251,758
2,256,792
2,266,716
5,859
101,497
442
7,612
61,032
2,551
15,310
4,253
2,854
58,533
390
-
5,859
94,111
9,387
8,054
74
61,153
2,551
15,470
4,098
2,854
58,593
390
-
5,859
96,110
9,387
8,054
108
61,153
2,551
15,470
4,098
2,854
58,880
390
-
5,859
98,109
9,387
8,054
194
61,153
2,551
15,470
4,098
2,854
59,167
390
-
5,859
100,108
9,387
8,054
228
57,753
2,551
15,470
4,098
2,854
59,454
390
-
5,859
102,107
9,387
8,054
262
57,753
2,551
15,470
4,098
2,854
59,741
390
-
5,859
104,106
9,387
8,054
296
59,666
2,551
15,470
4,098
2,854
60,028
390
-
5,859
106,105
9,387
8,054
329
61,579
2,551
15,470
4,098
2,854
60,315
390
-
5,859
108,104
9,387
8,054
363
63,492
2,551
15,470
4,098
2,854
60,602
390
-
5,859
110,103
9,387
7,741
492
65,405
2,436
14,960
3,486
2,854
61,661
364
-
5,859
112,102
9,387
7,741
514
65,570
2,436
14,960
3,486
2,854
61,995
364
-
5,859
114,101
9,387
7,741
536
65,735
2,436
14,960
3,486
2,854
62,328
364
-
5,859
116,100
9,387
7,741
558
66,003
2,436
14,960
3,486
2,854
62,672
364
-
350
352
353
354
355
356
357
358
359
359.1
361
362
363
364
365
366
367
368
369
370
370.1
372
373
Sum L 26 to L 39
389
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
Sum L 41 to L 59
260,333
262,594
264,914
267,286
266,206
268,526
272,759
276,991
281,224
284,748
287,268
289,787
292,420
3,162,330
3,174,682
3,186,233
3,201,487
3,213,887
3,227,769
3,243,320
3,259,420
3,274,388
3,295,493
3,306,358
3,315,843
3,330,332
( L 4 + L 13 + L 25 L 40 + L 60 )
62
Closed Plant Not Classified
63
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-2!Page 3 (A1..AG100)
106
L 61 + L 62
$
3,162,330
$
3,174,682
$
3,186,233
$
3,201,487
$
3,213,887
$
3,227,769
$
3,243,320
$
3,259,420
$
3,274,388
$
3,295,493
$
3,306,358
$
3,315,843
$
3,330,332
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-2
Witness:
Page
Ankrum/O'Brien
4
of 6
ADDITIONS TO PLANT
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
Future Test Year - 12 Months Ended March 31, 2014
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26
Land and land rights
27
Structures, Improvements
28
Station Equipment
29
Storage Battery Equipment
30
Poles, Towers and Fixtures
31
Overhead Conductors and Devices
32
Underground Conduit
33
Underground Conductors and Devices
34
Line Transformers
35
Services
36
Meters
37
Meter Communications Equipment
38
Leased Property On Customers Premises
39
Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41
Land and land rights
42
Structures, Improvements
43
Leasehold Improvements
44
Office furniture
45
Office furniture - Combined for FTY
46
Office equipment
47
Office equipment - Combined for FTY
48
Transportation equipment
49
Store equipment
50
Store equipment - Combined for FTY
51
Tools, shop and garage equipment
52
Tools, shop and garage equipment - Combined f
53
Laboratory equipment
54
Laboratory equipment - Combined for FTY
55
Power operated equipment
56
Electric communications equipment
57
Electric communications equipment - Combined
58
Miscellaneous equipment
59
Miscellaneous equipment - Combined for FTY
60
61
62
63
TOTAL GENERAL
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-2!Page 4 (A101..AG200)
Account
Number
3/31/13
4/30/13
-
5/31/13
6/30/13
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
2/28/14
3/31/14
Future Test Year - 12 Months Ended March 31, 2014
7/31/13
8/31/13
9/30/13
10/31/13
11/30/13
12/31/13
1/31/14
159
159
158
158
159
159
158
158
159
159
158
158
159
159
240
240
240
240
240
240
240
240
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
350
2,208
1,389
650
713
294
450
-
2,208
1,389
650
713
294
450
-
2,208
1,389
650
713
294
450
-
2,208
1,388
650
713
294
450
-
2,208
1,389
650
713
294
450
-
2,208
1,388
650
713
294
450
-
2,208
1,389
650
713
294
450
-
2,208
1,388
650
713
294
450
-
2,208
1,389
650
713
294
450
-
1,308
357
16
317
-
1,308
357
16
317
-
1,308
357
16
318
-
23,796
13,569
5,898
7,369
2,646
4,050
-
Sum L 14 to L 24
5,704
5,704
5,704
5,703
5,704
5,703
5,704
5,703
5,704
1,998
1,998
1,999
57,328
360
373
53
375
1,715
(549)
94
940
3,186
276
112
41
1,002
1,967
2,096
466
505
2,343
538
174
-
559
1,763
1,874
998
1,026
2,548
335
174
-
446
2,336
2,311
740
773
2,872
335
174
-
163
1,651
1,587
678
713
2,327
480
174
-
163
1,514
1,459
813
845
2,076
381
174
-
163
1,408
1,315
688
2,072
1,936
319
174
-
162
1,408
1,315
688
722
1,936
319
174
-
2,217
2,641
6,173
569
915
2,050
356
174
-
190
1,755
1,073
1,169
1,190
1,720
319
174
-
190
1,755
1,073
404
439
1,719
319
174
-
4,054
2,544
1,858
404
439
2,355
319
174
-
53
9,684
22,457
21,585
7,711
10,579
27,068
4,296
2,026
41
Sum L 26 to L 39
6,243
9,091
9,277
9,987
7,773
7,425
8,075
6,724
15,095
7,590
6,073
12,147
105,500
389
2,072
74
121
159
(155)
19
-
2,072
34
287
-
2,072
86
287
-
2,072
34
287
-
2,072
34
287
-
2,072
34
1,913
287
-
2,072
33
1,913
287
-
2,072
34
1,913
287
-
2,072
129
1,913
1,724
-
2,072
22
165
334
-
2,072
22
165
333
-
2,072
22
268
344
-
301
302
1
1
303
Sum L 1 to L 3
310
311
316
Sum L 5 to L 7
340
341
346
352
353
354
355
356
357
358
359
359.1
361
362
363
364
365
366
367
368
369
370
370.1
372
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
Sum L 41 to L 59
$
2,071
2,071
24,864
558
8,371
159
(155)
4,763
-
2,290
2,393
2,445
2,393
2,393
4,306
4,305
4,306
5,838
2,593
2,592
2,706
38,560
14,238
17,347
17,584
18,242
16,028
17,593
18,242
16,892
26,877
12,421
10,903
17,092
203,459
106
L 61 + L 62
$
14,238
$
17,347
$
17,584
$
18,242
$
16,028
$
17,593
$
18,242
$
16,892
$
26,877
$
12,421
$
10,903
$
17,092
$
203,459
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-2
Witness:
Page
Ankrum/O'Brien
5
of 6
RETIREMENTS FROM PLANT
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
Future Test Year - 12 Months Ended March 31, 2014
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26
Land and land rights
27
Structures, Improvements
28
Station Equipment
29
Storage Battery Equipment
30
Poles, Towers and Fixtures
31
Overhead Conductors and Devices
32
Underground Conduit
33
Underground Conductors and Devices
34
Line Transformers
35
Services
36
Meters
37
Meter Communications Equipment
38
Leased Property On Customers Premises
39
Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41
Land and land rights
42
Structures, Improvements
43
Leasehold Improvements
44
Office furniture
45
Office furniture - Combined for FTY
46
Office equipment
47
Office equipment - Combined for FTY
48
Transportation equipment
49
Store equipment
50
Store equipment - Combined for FTY
51
Tools, shop and garage equipment
52
Tools, shop and garage equipment - Combined f
53
Laboratory equipment
54
Laboratory equipment - Combined for FTY
55
Power operated equipment
56
Electric communications equipment
57
Electric communications equipment - Combined
58
Miscellaneous equipment
59
Miscellaneous equipment - Combined for FTY
60
61
62
63
TOTAL GENERAL
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-2!Page 5 (A201..AG300)
Account
Number
301
3/31/13
$
302
303
Sum L 1 to L 3
4/30/13
-
$
5/31/13
3,349
3,349
$
6/30/13
-
$
7/31/13
-
$
8/31/13
-
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
2/28/14
3/31/14
Future Test Year - 12 Months Ended March 31, 2014
$
9/30/13
-
$
10/31/13
-
$
11/30/13
-
$
-
12/31/13
$
1/31/14
-
$
-
$
-
$
3,349
3,349
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
373
256
23
43
-
373
256
23
43
-
373
257
23
42
-
373
256
23
43
-
373
257
23
43
-
373
256
23
43
-
373
257
23
43
-
373
256
23
42
-
373
257
23
43
-
221
65
1
19
-
221
66
19
-
221
66
1
19
-
4,020
2,505
209
442
-
695
695
695
695
696
695
696
694
696
306
306
307
7,176
-
124
94
391
22
164
487
159
121
-
-
-
-
-
-
-
-
97
36
36
36
36
125
483
17
123
549
159
121
-
88
331
15
114
445
227
121
-
81
305
18
135
397
181
121
-
75
275
15
330
370
151
121
-
5
2,143
1,198
4,622
171
1,687
5,175
2,036
1,409
9
310
311
316
Sum L 5 to L 7
340
341
346
350
352
353
354
355
356
357
358
359
359.1
Sum L 14 to L 24
365
-
366
2
150
609
131
78
9
222
105
438
10
80
448
255
121
-
Sum L 26 to L 39
1,158
1,679
1,562
1,674
1,377
1,274
1,373
1,157
2,762
1,177
1,039
2,223
18,455
389
-
-
-
-
-
-
-
-
-
-
-
-
73
-
-
73
313
115
510
612
665
26
-
-
876
313
3,400
115
510
612
665
26
-
360
5
83
361
362
-
363
91
364
367
368
369
370
370.1
372
373
73
390
73
-
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
Sum L 41 to L 59
73
-
73
3,400
-
-
73
42
42
75
274
15
115
370
151
121
-
491
141
1,289
13
146
392
169
121
-
94
224
26
190
329
151
121
-
93
224
9
70
329
151
121
-
898
136
388
9
70
450
151
121
-
73
73
-
-
73
73
73
-
-
73
73
73
3,473
73
73
73
73
2,314
73
73
73
6,517
1,926
5,796
2,330
5,842
2,146
2,042
2,142
1,924
5,772
1,556
1,418
2,603
35,497
106
L 61 + L 62
$
1,926
$
5,796
$
2,330
$
5,842
$
2,146
$
2,042
$
2,142
$
1,924
$
5,772
$
1,556
$
1,418
$
2,603
$
35,497
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-2
Witness:
Page
O'Brien
6
of 6
Pro Forma Adjustments to Plant
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
Pro Forma Adjustments to Plant
Line
#
A
Description
Total Amount of Adjustment
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26 Land and land rights
27 Structures, Improvements
28 Station Equipment
29 Storage Battery Equipment
30 Poles, Towers and Fixtures
31 Overhead Conductors and Devices
32 Underground Conduit
33 Underground Conductors and Devices
34 Line Transformers
35 Services
36 Meters
37 Meter Communications Equipment
38 Leased Property On Customers Premises
39 Street Lighting and Signaling Systems
40
Account
Number
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41 Land and land rights
42 Structures, Improvements
43 Leasehold Improvements
44 Office furniture
45 Office furniture - Combined for FTY
46 Office equipment
47 Office equipment - Combined for FTY
48 Transportation equipment
49 Store equipment
50 Store equipment - Combined for FTY
51 Tools, shop and garage equipment
52 Tools, shop and garage equipment - Combined f
53 Laboratory equipment
54 Laboratory equipment - Combined for FTY
55 Power operated equipment
56 Electric communications equipment
57 Electric communications equipment - Combined
58 Miscellaneous equipment
59 Miscellaneous equipment - Combined for FTY
60
TOTAL GENERAL
61
62
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
63
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-2!Page 6 (A301..AG400)
301
$
-
$
-
$
-
$
-
$
-
$
-
302
303
Sum L 1 to L 3
$
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
( L 8 + L 12)
-
-
-
-
350
-
-
-
-
Sum L 14 to L 24
-
-
-
-
360
373
-
-
-
-
Sum L 26 to L 39
-
-
-
-
389
398
-
-
-
-
Sum L 41 to L 59
-
-
-
-
-
-
-
-
310
311
316
Sum L 5 to L 7
340
341
346
352
353
354
355
356
357
358
359
359.1
361
362
363
364
365
366
367
368
369
370
370.1
372
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
106
L 61 + L 62
$
-
$
-
$
-
$
-
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule C-3
Witness: Ankrum/O'Brien
Page
1 of 5
Accumulated Provision for Depreciation
Line
No
Description
Electric Plant in Service
Intangible Plant
1
Organizations
2
Franchises & Consents
3
Software
4
Total Intangible Plant
Transmission Plant:
5
Land and Land Rights
6
Structures and Improvements
7
Station Equipment
Towers and Fixtures
8
Poles and Fixtures
9
10
Overhead Conductors & Devices
11
Underground Conduit
12
Underground Conduit & Devices
13
Roads and Trails
14
Subtotal Transmission Plant
Distribution Plant:
15
Land and Land Rights
16
Structures and Improvements
17
Station Equipment
18
Poles, Towers and Fixtures
19
Overhead Conductors and Devices
20
Underground Conduit
21
Underground Conductors and Devices
22
Line Transformers
23
OH & UND Services
24
Meters & Appurtencies
25
Meter Communication Equipment
26
Street Lighting
27
Total Distribution Plant
General Plant:
28
Land and Land Rights
29
Structures and Improvements (1)
30
Office Equipment & Equipment
31
Transportation Equipment
32
Stores Equipment
33
Tools, Shop and Garage Equipment
34
Laboratory Equipment
35
Power Operated Equipment
36
Communication Equipment
37
Miscellaneous Equipment
38
Total General Plant
39
Total Accumulated Depreciation - Accounts 101 & 106
Exhibit 3 FTY 7-30-13
C_3_P_1 (A1..L60)
[1]
[2]
Account
No
Forecast
3/31/14
301
302
303
$
15,495
15,495
350
352
353
354
355
356
357
358
359
6,117
78,914
25,167
6,170
24,465
23,342
16,369
174
180,717
360
361
362
364
365
366
367
368
369
370
370.1
373
31,413
114,642
150,907
122,700
40,992
90,863
88,150
26,812
57,381
(51)
26,334
750,143
389
390
391
392
393
394
395
396
397
398
29,230
2,941
39,676
1,287
4,777
1,762
1,093
28,222
178
109,166
$ 1,055,522
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-3
Ankrum/O'Brien
2 of 5
[3]
[4]
Summary of Accumulated Depreciation
[1]
Line
#
Description
[2]
FTY Ended March 31, 2014
Forecast
Pro Forma
Pro Forma
03/31/14
Adjustments
03/31/14
Account
Number
1
INTANGIBLE PLANT
$
15,495
$
-
2
PRODUCTION PLANT
-
-
-
3
STORAGE PLANT
-
-
-
4
TRANSMISSION PLANT
180,717
-
180,717
5
DISTRIBUTION PLANT
750,143
-
750,143
6
GENERAL PLANT
109,166
-
109,166
7
8
$
15,495
-
ACCUMULATED DEPRECIATION
Sum L 1 to L 7
1,055,522
-
1,055,522
9
10
OTHER UTILITY PLANT
11
TRANSPORTATION
12
TOTAL ACCUMULATED DEPRECIATIONSum L 9 to L 11
13
ACCUMULATED AMORTIZATION
14
TOTAL ACC DEPR & AMORTIZATION
Exhibit 3 FTY 7-30-13
C_3_p2 (A61..L120)
-
-
1,055,522
-
-
L 12 + L 13
$ 1,055,522
-
$
-
-
1,055,522
-
$ 1,055,522
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-3
Witness:
Page
Ankrum/O'Brien
3
of 5
DETAIL ACCUMULATED DEPRECATION
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
Future Test Year - 12 Months Ended March 31, 2014
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26 Land and land rights
27 Structures, Improvements
28 Station Equipment
29 Storage Battery Equipment
30 Poles, Towers and Fixtures
31 Overhead Conductors and Devices
32 Underground Conduit
33 Underground Conductors and Devices
34 Line Transformers
35 Services
36 Meters
37 Meter Communications Equipment
38 Leased Property On Customers Premises
39 Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41 Land and land rights
42 Structures, Improvements
43 Leasehold Improvements
44 Office furniture
45 Office furniture - Combined for FTY
46 Office equipment
47 Office equipment - Combined for FTY
48 Transportation equipment
49 Store equipment
50 Store equipment - Combined for FTY
51 Tools, shop and garage equipment
52 Tools, shop and garage equipment - Combined fo
53 Laboratory equipment
54 Laboratory equipment - Combined for FTY
55 Power operated equipment
56 Electric communications equipment
57 Electric communications equipment - Combined f
58 Miscellaneous equipment
59 Miscellaneous equipment - Combined for FTY
60
61
62
63
TOTAL GENERAL
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-3!Page 3 (A1..AE100)
Account
Number
301
Balance
3/31/13
$
302
303
Sum L 1 to L 3
Balance
4/30/13
14,449
14,449
$
Balance
5/31/13
14,767
14,767
$
Balance
6/30/13
11,736
11,736
$
Balance
7/31/13
12,053
12,053
$
Balance
8/31/13
12,371
12,371
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
Balance
2/28/14
Balance
3/31/14
Future Test Year - 12 Months Ended March 31, 2014
$
Balance
9/30/13
12,689
12,689
$
Balance
10/31/13
13,006
13,006
$
13,324
13,324
Balance
11/30/13
$
13,642
13,642
Balance
12/31/13
$
13,959
13,959
Balance
1/31/14
$
14,471
14,471
$
14,983
14,983
$
15,495
15,495
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
350
5,525
70,645
27,317
5,361
22,582
22,121
14,661
135
-
5,575
71,266
27,085
5,418
22,743
22,221
14,800
138
-
5,624
71,891
26,855
5,476
22,905
22,321
14,941
142
-
5,673
72,522
26,625
5,536
23,069
22,422
15,082
145
-
5,722
73,159
26,398
5,596
23,233
22,523
15,223
148
-
5,772
73,800
26,171
5,658
23,399
22,625
15,366
151
-
5,821
74,447
25,947
5,722
23,565
22,727
15,509
155
-
5,871
75,098
25,723
5,786
23,733
22,829
15,652
158
-
5,919
75,755
25,502
5,852
23,903
22,932
15,797
161
-
5,969
76,417
25,281
5,919
24,073
23,036
15,942
164
-
6,018
77,255
25,250
6,009
24,208
23,139
16,088
168
-
6,068
78,095
25,217
6,100
24,343
23,243
16,233
171
-
6,117
78,914
25,167
6,170
24,465
23,342
16,369
174
-
Sum L 14 to L 24
168,347
169,246
170,154
171,074
172,003
172,942
173,891
174,851
175,822
176,802
178,134
179,470
180,717
360
373
29,818
105,278
144,931
116,166
39,273
85,178
82,532
29,654
52,633
(391)
25,186
29,946
106,168
145,579
116,818
39,433
85,603
82,713
29,744
53,066
(363)
25,273
30,080
106,888
146,031
117,320
39,577
86,127
83,165
29,225
53,458
(334)
25,370
30,213
107,731
146,528
117,862
39,703
86,577
83,580
29,001
53,848
(306)
25,466
30,346
108,606
146,910
118,334
39,840
87,065
83,933
28,777
54,240
(278)
25,563
30,480
109,558
147,437
118,931
39,980
87,562
84,405
28,344
54,631
(249)
25,659
30,613
110,492
147,995
119,551
40,116
88,042
84,932
28,054
55,023
(221)
25,756
30,746
111,445
148,577
120,198
40,258
88,349
85,493
27,856
55,415
(192)
25,852
30,880
112,397
149,162
120,849
40,401
88,852
86,058
27,658
55,808
(164)
25,949
31,013
112,793
149,495
120,694
40,549
89,328
86,603
27,405
56,200
(136)
26,045
31,147
113,742
150,015
121,396
40,676
89,767
87,221
27,207
56,593
(107)
26,141
31,280
114,691
150,539
122,101
40,833
90,314
87,842
27,009
56,986
(79)
26,238
31,413
114,642
150,907
122,700
40,992
90,863
88,150
26,812
57,381
(51)
26,334
Sum L 26 to L 39
710,258
713,982
716,907
720,204
723,337
726,738
730,354
733,997
737,850
739,990
743,797
747,753
750,143
310
311
316
Sum L 5 to L 7
340
341
346
352
353
354
355
356
357
358
359
359.1
361
362
363
364
365
366
367
368
369
370
370.1
372
19,970
5,679
1,033
(1,060)
2,861
(1,904)
39,051
1,413
(147)
5,223
(850)
2,534
(555)
981
27,630
(4,380)
212
(43)
389
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
Sum L 41 to L 59
20,214
5,715
1,066
(1,028)
2,862
(1,847)
39,371
1,420
(143)
5,274
(824)
2,551
(538)
990
27,956
(4,247)
214
(42)
20,450
5,752
1,099
(996)
2,863
(1,789)
39,692
1,427
(139)
5,326
(798)
2,568
(521)
1,000
28,282
(4,114)
215
(41)
20,692
5,788
1,133
(964)
2,866
(1,731)
40,013
1,434
(135)
5,377
(772)
2,586
(504)
1,009
28,610
(3,981)
217
(40)
20,940
5,825
1,166
(932)
2,869
(1,673)
36,917
1,441
(131)
5,429
(746)
2,603
(487)
1,019
28,940
(3,848)
219
(39)
21,192
5,861
1,200
(900)
2,873
(1,615)
37,237
1,448
(127)
5,481
(720)
2,620
(470)
1,029
29,271
(3,715)
220
(38)
21,451
5,898
1,233
(868)
2,878
(1,557)
37,568
1,455
(123)
5,532
(694)
2,637
(453)
1,039
29,604
(3,582)
222
(37)
21,715
5,934
1,267
(836)
2,883
(1,499)
37,908
1,463
(119)
5,584
(668)
2,654
(436)
1,048
29,938
(3,449)
223
(36)
21,984
5,971
1,301
(804)
2,889
(1,441)
38,258
1,470
(115)
5,635
(642)
2,671
(419)
1,058
30,274
(3,316)
225
(35)
22,259
6,007
1,020
(772)
2,896
(1,383)
38,618
1,362
(111)
5,176
(616)
2,075
(402)
1,067
29,949
(3,183)
201
(34)
22,539
6,043
1,053
(740)
2,904
(1,325)
38,978
1,368
(107)
5,226
(590)
2,089
(385)
1,078
30,293
(3,050)
202
(33)
22,825
6,080
1,085
(708)
2,913
(1,267)
39,338
1,375
(103)
5,276
(564)
2,104
(368)
1,088
30,638
(2,917)
204
(32)
23,114
6,116
1,162
(675)
3,666
(1,212)
39,676
1,381
(94)
5,318
(541)
2,115
(353)
1,093
31,009
(2,787)
205
(27)
97,648
98,963
100,277
101,598
99,511
100,847
102,203
103,573
104,963
104,128
105,543
106,966
109,166
990,702
996,958
999,075
1,004,929
1,007,223
1,013,216
1,019,454
1,025,745
1,032,277
1,034,879
1,041,945
1,049,172
1,055,522
106
L 61 + L 62
$
990,702
$
996,958
$
999,075
$
1,004,929
$
1,007,223
$
1,013,216
$
1,019,454
$
1,025,745
$
1,032,277
$
1,034,879
$
1,041,945
$
1,049,172
$
1,055,522
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
NET COST OF REMOVAL
4/1/13 to 3/31/14
[1]
[2]
SCHEDULE
Page
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
Future Test Year - 12 Months Ended March 31, 2014
Line
#
Account
Number
Description
Apr-13
C-3
Witness:
May-13
Jun-13
Jul-13
Ankrum/O'Brien
4
of 5
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
Mar-14
Total
Future Test Year - 12 Months Ended March 31, 2014
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
301
302
303
Sum L 1 to L 3
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
310
311
316
Sum L 5 to L 7
-
-
-
-
-
-
-
-
-
-
-
-
-
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
340
341
346
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
350
352
353
354
355
356
357
358
359
359.1
-
-
-
-
-
-
-
-
-
-
-
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
39
103
1
(10)
-
20
107
1
50
-
20
107
1
50
-
20
107
1
50
-
411
1,248
12
60
-
133
133
133
133
133
133
133
133
133
178
178
178
1,731
-
-
-
-
-
-
-
-
-
-
508
3,295
(729)
112
(133)
466
3,971
3
7,493
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
Sum L 14 to L 24
DISTRIBUTION PLANT
26 Land and land rights
27 Structures, Improvements
28 Station Equipment
29 Storage Battery Equipment
30 Poles, Towers and Fixtures
31 Overhead Conductors and Devices
32 Underground Conduit
33 Underground Conductors and Devices
34 Line Transformers
35 Services
36 Meters
37 Meter Communications Equipment
38 Leased Property On Customers Premises
39 Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
61
TOTAL GENERAL
62
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
63
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-3!Page 4 (A101..AE200)
-
$
-
$
-
$
-
$
-
$
-
$
-
$
360
361
362
363
364
365
366
367
368
369
370
370.1
372
373
19
51
28
23
116
198
20
135
41
-
301
(88)
7
(8)
32
526
-
270
(78)
15
(16)
35
328
-
358
(97)
11
(12)
40
328
-
253
(66)
10
(11)
32
469
1
-
232
(61)
12
(13)
29
373
-
216
(55)
10
(33)
27
311
-
Sum L 26 to L 39
529
821
582
651
696
598
-
-
-
-
-
-
GENERAL PLANT
41 Land and land rights
42 Structures, Improvements
43 Leasehold Improvements
44 Office furniture
45 Office furniture - Combined for FTY
46 Office equipment
47 Office equipment - Combined for FTY
48 Transportation equipment
49 Store equipment
50 Store equipment - Combined for FTY
51 Tools, shop and garage equipment
52 Tools, shop and garage equipment - Combined fo
53 Laboratory equipment
54 Laboratory equipment - Combined for FTY
55 Power operated equipment
56 Electric communications equipment
57 Electric communications equipment - Combined f
58 Miscellaneous equipment
59 Miscellaneous equipment - Combined for FTY
60
$
389
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
1
-
Sum L 41 to L 59
1
663
8
-
$
-
$
-
$
-
$
-
10
10
216
(56)
10
(12)
27
311
-
112
405
(258)
8
(15)
29
348
1
-
269
(45)
17
(19)
24
312
-
269
(45)
6
(7)
24
312
-
205
390
(78)
6
(7)
32
312
1
-
484
504
630
568
569
861
-
-
-
-
-
-
26
8
8
-
-
-
-
-
-
-
-
-
-
954
715
784
829
731
617
637
763
746
747
$
-
1
-
-
1
1,039
9,225
106
L 61 + L 62
$
663
$
954
$
715
$
784
$
829
$
731
$
617
$
637
$
763
$
746
$
747
$
1,039
$
9,225
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
C-3
Witness:
Page
O'Brien
5
of 5
Pro Forma Accumulated Depreciation on Plant Adjustments
4/1/13 to 3/31/14
[1]
[2]
[3]
[4]
[5]
Pro Forma Accumulated Depreciation on Plant Adjustments
Line
#
A
Description
Total Amount of Adjustment
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26 Land and land rights
27 Structures, Improvements
28 Station Equipment
29 Storage Battery Equipment
30 Poles, Towers and Fixtures
31 Overhead Conductors and Devices
32 Underground Conduit
33 Underground Conductors and Devices
34 Line Transformers
35 Services
36 Meters
37 Meter Communications Equipment
38 Leased Property On Customers Premises
39 Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
GENERAL PLANT
41 Land and land rights
42 Structures, Improvements
43 Leasehold Improvements
44 Office furniture
45 Office furniture - Combined for FTY
46 Office equipment
47 Office equipment - Combined for FTY
48 Transportation equipment
49 Store equipment
50 Store equipment - Combined for FTY
51 Tools, shop and garage equipment
52 Tools, shop and garage equipment - Combined fo
53 Laboratory equipment
54 Laboratory equipment - Combined for FTY
55 Power operated equipment
56 Electric communications equipment
57 Electric communications equipment - Combined f
58 Miscellaneous equipment
59 Miscellaneous equipment - Combined for FTY
60
61
62
63
Account
Number
TOTAL GENERAL
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
Closed Plant Not Classified
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
C-3!Page 5 (A201..AE300)
301
$
-
$
-
$
-
$
-
$
-
$
-
302
303
Sum L 1 to L 3
$
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
( L 8 + L 12)
-
-
-
-
350
-
-
-
-
Sum L 14 to L 24
-
-
-
-
360
373
-
-
-
-
Sum L 26 to L 39
-
-
-
-
389
-
-
-
-
-
-
-
-
310
311
316
Sum L 5 to L 7
340
341
346
352
353
354
355
356
357
358
359
359.1
361
362
363
364
365
366
367
368
369
370
370.1
372
390
391.1
391.1
391.2
391.2
392
393
393
394
394
395
395
396
397
397
398
398
Sum L 41 to L 59
106
L 61 + L 62
$
-
$
-
$
-
$
-
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
1 of 11
Working Capital
[1]
Line
No
Description
Reference
[2]
FTY
Ended
3/31/14
1
Operation & Maintenance Expenses
C-4, P 2, L 11
$ 23,114
2
Tax Expense
C-4, P 7, L 12
19,742
3
Interest Payments
C-4, P 8, L 9
(4,301)
4
Preferred Dividend Payments
C-4, P 9, L 9
5
Average Prepayments
6
Total Cash Working Capital Requirements
Exhibit 3 FTY 7-30-13
C_4_P_1 (A1..L50)
C-4, P 11, L 24
145
4,401
$ 43,100
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
2 of 11
Summary of Working Capital
Line
#
Description
[1]
[2]
Reference
FTY
Expenses
[3]
[4]
[5]
Number of
(Lead) / Lag
Days
[2]*[3]
Factor
Totals
WORKING CAPITAL REQUIREMENT
1
REVENUE LAG DAYS
2
3
4
5
6
EXPENSE LAG DAYS
Payroll
Pension Expense
Power Purchased for Resale
Other Expenses
7
8
Total
O & M Expense Lag Days
9
Net (Lead) Lag Days
10
Operating Expenses Per Day
11
Working Capital for O & M Expense
12
Average Prepayments
Sch C-4, Pg 11
4,401
13
Tax Expense
Sch C-4, Pg 7
19,742
14
Interest Payments
Sch C-4, Pg 8
(4,301)
15
Preferred Dividend Payments
Sch C-4, Pg 9
16
Total Working Capital Requirement
17
18
Pro Forma O & M Expense
Less:
Power Purchased for Resale
Uncollectible Expense - Present Rates
Uncollectible Expense-on Rev Increase
Other
Sub-Total
Sum (L 18 to L 21)
Pro Forma Cash O&M Expense
L 17 - L22
19
20
21
22
23
Exhibit 3 FTY 7-30-13
C_4_p2 (A51..N110)
54.72
Sch C-4, P 3
Sec D, Sch 7
$
60,582
18,600
151,444
96,988
$
327,614
Sec D, Sch 9
Sec D, Sch 2
L 23 - L 3 to L 5
Sum (L 3 to L 6)
12.77
(21.11)
33.88
41.06
$
773,899
(392,646)
5,130,923
3,982,336
$
9,494,511
L7, [4] / [2]
28.98
L1-L8
25.74
L 7, [2] / 365
$
898
L 9 * L 10
$
23,114
145
$
Sum (L 11 to L 15)
$
334,039
6,191
233
$
6,424
327,614
43,100
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
3 of 11
Revenue Lag
[1]
Line
No.
Reference
Or
Factor
Description
1
Annual Number of Days
2
3
4
5
6
7
8
9
10
11
12
13
14
March, 2012
April
May
June
July
August
September
October
November
December, 2012
January, 2013
February
March, 2013
15
Total
16
Average A/R Balance
17
Factor
18
Collection Days Lag (L 17 [ 5 ])
19
Billing Calculation and mailing days lag
20
Billing Lag (Mid-Point of Service Period)
21
Total Revenue Lag Days
Exhibit 3 FTY 7-30-13
C_4_p3 (A111..N170)
[2]
Accounts
Receivable
Balance
End of Month
[3]
[4]
[5]
Total
Monthly
Sales
Sch C-4, Pg 4
A/R
Turnover
[3]/[2]
Days
Lag
365 / [ 4 ]
365
$
Sum L 2 to L 14
78,114
73,290
68,391
74,802
87,120
87,940
89,204
73,983
73,900
75,935
81,369
82,302
81,731
53,578
64,368
71,254
86,536
74,056
60,523
55,184
57,438
62,668
63,685
59,539
60,775
$1,028,081
13
$79,083
$
769,604
9.73
37.51
37.51
Sum L 18 to L 20
2.00
365
/
12
*
0.5
=
15.21
54.72
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
4 of 11
Revenue By Class of Service
Line
#
1
2
3
4
5
6
7
8
9
10
11
12
Description
April, 2010
May
June
July
August
September
October
November
December, 2010
January, 2011
February
March, 2011
13
April, 2011
May
June
July
August
September
October
November
December, 2011
January, 2012
February
March, 2012
26
TOTAL
[2]
Residential
Commercial
31,043
37,829
45,930
60,093
54,589
36,630
33,476
37,729
48,105
47,880
39,857
39,094
TOTAL
14
15
16
17
18
19
20
21
22
23
24
25
[1]
$
512,255
[3]
Revenue By Class of Service
Industrial
22,060
26,139
26,276
29,811
28,640
24,408
22,788
22,489
23,622
20,964
19,352
21,108
$
33,124
38,274
49,468
65,934
53,041
40,119
35,131
37,032
44,072
42,103
37,640
33,122
287,657
4,229
4,911
4,595
4,780
4,696
4,043
4,135
4,320
4,163
4,493
4,517
4,731
$
19,728
23,165
22,697
27,405
23,809
22,059
20,113
19,253
19,873
19,642
18,914
19,907
53,613
[4]
[5]
Lighting
TOTAL
Sum [ 1 ] to [ 4 ]
1,238
1,245
1,166
1,162
1,110
1,192
1,189
1,443
1,299
1,047
974
1,123
$
4,301
4,437
4,640
4,113
3,929
3,721
3,956
3,786
3,765
3,727
3,559
4,000
14,188
58,570
70,124
77,967
95,846
89,035
66,273
61,588
65,981
77,189
74,384
64,700
66,056
$
1,086
1,136
1,068
1,125
1,097
1,126
1,053
1,062
1,221
914
979
1,140
867,713
58,239
67,012
77,873
98,577
81,876
67,025
60,253
61,133
68,931
66,386
61,092
58,169
$
509,060
$
256,565
$
47,934
$
13,007
$
826,566
27
28
29
30
31
32
33
34
35
36
37
38
April, 2012
May
June
July
August
September
October
November
December, 2012
January, 2013
February
March, 2013
39
TOTAL
30,698
37,810
46,166
60,181
48,424
37,280
31,391
34,952
39,512
40,805
37,565
37,513
18,196
21,575
20,304
21,678
20,386
18,459
18,821
17,854
18,141
18,129
17,432
18,256
3,691
3,891
3,733
3,611
4,131
3,860
3,903
3,581
3,958
3,764
3,573
3,953
993
1,092
1,051
1,066
1,115
924
1,069
1,051
1,057
987
969
1,053
53,578
64,368
71,254
86,536
74,056
60,523
55,184
57,438
62,668
63,685
59,539
60,775
-
Exhibit 3 FTY 7-30-13
C_4_p4 (A171..N230)
$
482,297
$
229,231
$
45,649
$
12,427
$
769,604
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
5 of 11
Summary of Expense Lag Calculations
[1]
Line
No.
Reference
Or
Factor
Description
PAYROLL
1
Union
$
2
Paid Bi-Weekly with one week lag (14 days / 2 + 7 days)
3
4
Non-Union
Paid Twice Monthly (365 days / 24 / 2)
5
Payroll Lag
Sum L 1 to L 4
$
[2]
[3]
[4]
[5]
Amount
(Lead) / Lag
Days
Weighted
Dollar
Value
[2]*[3]
(Lead) / Lag
Days
[4]/[2]
33,348
17.00
27,234
7.60
60,582
$
566,920
206,977
$
773,897
$
(819,650)
(378,300)
(647,200)
67,900
514,100
12.77
PENSION EXPENSE
6
7
8
9
10
Payment # 1
Payment # 2
Payment # 3
Payment # 4
Payment # 5
11
Mid-point of Service Period
12
15-Apr
15-Jul
15-Sep
15-Oct
15-Jan
Totals & (Lead) Lag Days
18
Exhibit 3 FTY 7-30-13
C_4_p5 (A231..N290)
TOTAL
(169.00)
(78.00)
(16.00)
14.00
106.00
1-Oct
Sum L 6 to L 11
PURCHASED ELECTRICITY
13
Contract Payment Lag
OTHER O & M EXPENSES
14
FEBRUARY, 2012
15
MAY, 2012
16
AUGUST, 2012
17
NOVEMBER, 2012
4,850
4,850
40,450
4,850
4,850
Sch C-4, Pg 6
Sch C-4, Pg 6
Sch C-4, Pg 6
Sch C-4, Pg 6
Sum L 14 to L 17
59,850
$
151,444
$
5,432,644
5,316,723
5,583,938
6,399,542
22,732,848
33.88
(1,263,150)
(21.1)
$
5,130,923
33.88
$
218,594,490
207,037,385
225,546,373
282,157,463
933,335,710
41.06
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
6 of 11
General Disbursements Lag
Line
#
Description
FEBRUARY, 2012
1
Total Monthly Disbursements
[1]
[2]
[3]
[4]
Number
of CDs
Cash
Disbursements
Dollar-Days
Expense
Lag-Days
[3]/[2]
$ 4,377,893,763
8.46
3525
$
517,198,744
2
Total Excl Non-Expense & Under $1,000
411
$
5,894,565
$
235,819,456
40.01
3
Total O & M Only
391
$
5,432,644
$
218,594,490
40.24
3711
$
99,917,463
$ 1,493,131,864
14.94
MAY, 2012
4
Total Monthly Disbursements
5
Total Excl Non-Expense & Under $1,000
429
$
5,705,038
$
227,870,801
39.94
6
Total O & M Only
404
$
5,316,723
$
207,037,385
38.94
3887
$
119,891,774
$ 1,712,342,416
14.28
AUGUST, 2012
7
Total Monthly Disbursements
8
Total Excl Non-Expense & Under $1,000
418
$
6,481,033
$
254,323,773
39.24
9
Total O & M Only
386
$
5,583,938
$
225,546,373
40.39
4328
$
83,832,906
$ 1,579,265,011
18.84
NOVEMBER, 2012
10
Total Monthly Disbursements
11
Total Excl Non-Expense & Under $1,000
552
$
6,726,648
$
295,369,151
43.91
12
Total O & M Only
524
$
6,399,542
$
282,157,463
44.09
15451
$
820,840,887
$ 9,162,633,054
11.16
TOTAL FOUR TEST MONTHS
13
Total Monthly Disbursements
14
Total Excl Non-Expense & Under $1,000
1810
$
24,807,283
$ 1,013,383,180
40.85
15
Total O & M Only
2243
$
22,732,848
$
41.06
Exhibit 3 FTY 7-30-13
C_4_p6 (A291..N350)
933,335,710
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
7 of 11
Tax Expense Lag Days
[1]
Line
No.
Description
1
FEDERAL INCOME TAX
2
STATE INCOME TAX
3
PURTA
4
Reference
Or
Factor
Pro Forma
Proposed Rate
Amount
[3]
(Lead) Lag
Days
C-4, P 10
Weighted
Dollar
Days
[2]*[3]
70,809
17.22
18,759
24.97
468,404
1,073
115.72
124,168
PA CAPITAL STOCK TAX
778
24.97
19,427
5
PA LOCAL & USE TAX
315
18.72
5,897
6
PA PROPERTY TAX
854
55.22
47,158
7
CITY OF PITTSBURGH
316
131.72
41,624
8
GROSS RECEIPTS TAX
40,266
126.22
5,082,353
9
GRT - REVENUE INCREASE
1,564
126.22
197,408
10
Total
11
12
$
[2]
Sum L 1 to L 9
$
$
Days in Year
Average Daily Amount for Working Capital
Exhibit 3 FTY 7-30-13
C_4_p7 (A351..N410)
1,219,328
7,205,766
365
L 10 / L 11
$
19,742
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
8 of 11
Interest Payments
Line
No.
Description
[1]
[2]
[3]
[4]
Reference
Or
Factor
# of
Days
# of
Days
Total
1
Measures of Value at March 31, 2014
2
Long-term Debt Ratio
3
Embedded Cost of Long-term Debt
4
Pro forma Interest Expense
5
Daily Amount
6
Days to mid-point of interest payments
91.25
7
Less: Revenue Lag Days
54.72
8
Interest Payment lag days
L7-L6
9
Total Interest for Working Capital
L5*L8
Exhibit 3 FTY 7-30-13
C_4_p8 (A411..N470)
$
1,931,768
42.95%
5.18%
L1*L2*L3
L 4 / L 5 [2]
365
$
42,978
$
118
(36.5)
$
(4,301)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-4
O'Brien
9 of 11
Preferred Stock Payments
Line
No.
Description
[1]
[2]
[3]
[4]
Reference
Or
Factor
# of
Days
# of
Days
Total
1
Measures of Value at March 31, 2011
2
Preferred Stock Ratio
5.11%
3
Embedded Cost of Preferred
5.89%
4
Pro forma Dividend Expense
5
Daily Amount
6
Days to mid-point of Dividend payments
45.63
7
Less: Revenue Lag Days
54.72
8
Dividend Payment lag days
L7-L6
9
Total Dividend for Working Capital
L5*L8
Exhibit 3 FTY 7-30-13
C_4_p9 (A471..N530)
$
L1*L2*L3
L 4 / L 5 [2]
365
1,931,768
$
5,814
$
16
9.09
$
145
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
TAX EXPENSE LAG DAYS
[1]
[2]
Mid-Point
Payment
of Service
Dates
Period
Line
#
Description
1
FEDERAL INCOME TAX
2
3
4
5
First Payment
Second Payment
Third Payment
Fourth Payment
6
Total
7
STATE INCOME TAX
[3]
Lead (Lag)
Payment
Days
[1]-[2]
25%
04/15/12
06/15/12
09/15/12
12/15/12
07/01/12
07/01/12
07/01/12
07/01/12
77.00
16.00
(76.00)
(167.00)
25%
[6]
Payment
Lead (Lag)
Days
[ 5 ] / [4 ]
[7]
Revenue
(Lag)
Days
C-4, Pg3
[8]
Net Payment
Lead (Lag)
Days
[6]-[7]
(37.50)
54.72
17.22
$
70,809
$
17,702
17,702
17,702
17,702
1,363,070
283,235
(1,345,368)
(2,956,270)
$
70,809
$ (2,655,332)
$
18,759
$
4,690
4,690
4,690
4,690
506,485
75,035
(356,415)
(783,175)
(558,071)
(29.75)
54.72
24.97
65,453
61.00
54.72
115.72
12
Total
$
18,759
13
PURTA
$
1,073
$
1,073
$
778
$
195
195
195
195
21,006
3,112
(14,782)
(32,482)
(23,146)
0.00
54.72
54.72
(11,340)
(36.00)
54.72
18.72
427
0.50
54.72
55.22
24,332
77.00
54.72
131.72
71.50
54.72
126.22
15
05/01/12
PA CAPITAL STOCK TAX
07/01/12
108.00
16.00
(76.00)
(167.00)
Payment
Amount
[5]
Weighted
Lead (Lag)
Dollars
[3]*[4]
First Payment
Second Payment
Third Payment
Fourth Payment
Payment
07/01/12
07/01/12
07/01/12
07/01/12
[4]
C-4
O'Brien
10 of 11
8
9
10
11
14
03/15/12
06/15/12
09/15/12
12/15/12
Schedule
Witness:
Page
61.00
25%
16
17
18
19
First Payment
Second Payment
Third Payment
Fourth Payment
20
Total
$
778
21
PA LOCAL & USE TAX
$
315
$
315
$
854
$
427
427
22
23
Payment
03/15/12
06/15/12
09/15/12
12/15/12
02/20/12
PA PROPERTY TAX
07/01/12
07/01/12
07/01/12
07/01/12
01/15/12
108.00
16.00
(76.00)
(167.00)
(36.00)
50%
25
First Payment
Second Payment
26
Total
$
854
27
CITY OF PITTSBURGH
$
316
$
316
$
40,266
$
36,239
3,913,838
4,027
(1,034,832)
40,266
2,879,007
24
28
29
30
Payment
03/31/12
09/30/12
04/15/12
GROSS RECEIPTS TAX
07/01/12
07/01/12
07/01/12
92.00
(91.00)
77.00
90%
90% of Estimated GRT
03/15/12
07/01/12
108.00
Balance Based on Estimate
03/15/13
07/01/12
(257.00)
39,284
(38,857)
31
32
33
34
Exhibit 3 FTY 7-30-13
C_4_p10 (A1..T75)
Total
$
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
C-4
Witness:
O'Brien
Page
11 of 11
PREPAID EXPENSES
[1]
Line
#
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Property - All Risk Ins
Liability - Misc Ins
Director & Officer Ins
Auto Ins
Pollution Ins
Insurance Exp
Fiduciary
Workers' Compensation
Excess General Liab Ins
Workers' Comp T&D
Amortization Offset - Ins
Federal Highway Use Tax
Penna PUC Assessment
Prepaid Expense
Penna Gross Receipts Tax
System Upgrade Ins
IT Hardware Maintenance
IT Software Maintenance
Communication Maint Agree
Smart Meter Exp
TOTAL
22
Number of Months
23
Monthly Average
24
Rate Case Amount
Exhibit 3 FTY 7-30-13
C_4_p11 (A1..AL60)
[3]
Total For
Separation
Description
21
[2]
$
10,724
2,919
1,027
31
569
2,216
500
164
25,865
1,347
(37,145)
4
13,654
3,147
116
8,017
13,457
4,016
6,590
$
57,218
$
4,401
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
[ 11 ]
[ 12 ]
[ 13 ]
[ 14 ]
[ 15 ]
[ 16 ]
[ 17 ]
TOTAL
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
10,724
2,919
1,027
31
569
2,216
500
164
25,865
1,347
(37,145)
4
13,654
3,147
169,811
116
8,017
13,457
4,016
6,590
0%
$ 227,029
13
L 22 / L 21
$
4,401
$
456
106
24
1
47
126
11
6
845
50
(1,456)
2
465
417
31,734
4
660
946
302
85
$ 34,831
$
456
209
70
2
47
126
34
11
1,690
87
(1,944)
1
310
371
28,644
760
854
257
28
$ 32,013
$
529
209
70
2
47
126
34
11
1,690
87
(2,332)
1
155
324
24,948
19
699
1,498
219
1,095
$ 29,431
$
529
209
70
2
47
190
34
11
1,690
87
(2,649)
2,000
278
20,788
17
652
1,359
205
992
$ 26,511
$
989
312
116
3
47
190
57
17
2,535
87
(3,258)
1,833
232
15,809
15
662
1,212
334
928
$ 22,120
$
989
312
116
3
47
190
57
17
2,535
124
(3,695)
1,667
186
11,560
14
642
1,063
284
811
$ 16,922
$
989
312
116
3
47
253
57
17
2,535
124
(4,057)
1,500
140
8,136
12
638
909
308
695
$ 12,734
$
1,448
312
116
3
47
253
57
17
2,535
124
(4,569)
1,388
94
4,962
10
639
896
261
579
$
1,448
319
124
3
47
253
60
18
3,170
167
(4,965)
1,214
48
1,704
8
553
918
375
463
$
1,448
370
124
3
47
253
60
18
3,170
167
(5,310)
1,041
303
7
460
1,018
269
390
$
481
83
27
2
33
64
13
7
978
69
(554)
867
277
5
571
1,048
314
282
$
$
9,172
$
5,927
$
3,838
$
4,567
$
481
83
27
2
33
64
13
7
978
69
(988)
694
251
3
530
949
469
175
3,840
$
481
83
27
2
33
128
13
7
1,514
105
(1,368)
520
226
21,526
2
551
787
419
67
$ 25,123
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-5
Ankrum/O'Brien
1 of 1
Plant Materials and Operating Supplies
[1]
[2]
FTY Ended 3-31-14
Line
No
Materials
& Supplies
Description
Stores
Expenses
Plant Materials & Supplies
1
2
3
4
5
6
7
8
9
10
11
12
13
14
March, 2012
April
May
June
July
August
September
October
November
December, 2012
January, 2013
February
March, 2013
$
15
13-Month Average
Totals
16
13-Month Net Average
17
18
19
20
21
22
Amounts Assigned by Function:
Transmission Plant
Distribution Plant
General Plant
Intangible Plant
Construction Category
Total
Exhibit 3 FTY 7-30-13
C_5 (A1.L50)
$
19,124
20,103
19,789
20,327
20,325
20,025
19,339
19,399
19,397
20,233
21,981
22,329
23,453
265,824
$
20,448
37.0%
53.8%
9.2%
0.0%
0.0%
100.00%
$
$
$
104
135
88
155
182
124
202
245
161
115
158
258
315
2,242
$
4
9
9
16
16
16
20
90
$
172
$
7
$
20,627
$
7,632
11,097
1,898
20,627
$
-
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-6
Simpson
1 of 1
Accumulated Deferred Income Taxes
Line
No
Description
[1]
[2]
Reference
FTY
Ended 3-31-14
ACCUMULATED DEFERRED INCOME TAXES
1
Transmission Plant
$
102,093
2
Distribution Plant
3
General and Other Plant
-
4
CIAC Plant
-
5
Total
356,476
$
458,569
6
A
ADIT amounts calculated in accordance with IRS Regulation # 1.167
7
B
ADIT on General and Other Plant allocated to Distribution and Transmission and included in amounts on lines 1 and 2
8
C
Exhibit 3 FTY 7-30-13
C_6 (A51..L100)
ADIT on CIAC Plant to be finalized and will be provided when complete
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-7
O'Brien
of 1
Customer Deposits and Interest
Line
#
Description
Factor
Or
Reference
[2]
Customer
Deposits
Interest
On Customer
Deposits
1
March, 2012
2
April
(7,992)
3
May
(7,996)
40
4
June
(8,037)
40
5
July
(8,099)
40
6
August
(8,158)
41
7
September
(8,109)
41
8
October
(8,270)
41
9
November
(8,305)
41
10
December, 2012
(8,182)
41
11
January, 2013
(8,144)
41
12
February
(8,167)
41
13
March, 2013
(8,128)
41
14
Total
$
(105,491)
15
Average Monthly Balance
$
(8,115)
Exhibit 3 FTY 7-30-13
C_7 (A101..L150)
$
[1]
(7,904)
$
$
40
488
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
C-8
O'Brien
of 1
Excess Pension Capitalized
[1]
Line
#
Description
1
2
3
Year Ended 12-31-08
Total Contribution
Percent Capitalized
Amount Capitalized
4
5
6
Year Ended 12-31-09
Total Contribution
Percent Capitalized
Amount Capitalized
Reference
Or
Factor
[2]
Capitalized
Pension
Contribution
$
$
[3]
Pension
Contribution
Capitalized
Over (Under)
SFAS - 87
Capitalized
[1]-[2]
SFAS - 87
Pension
Capitalized
10,000
50.00%
5,000
$
(737)
$
5,737
20,000
50.00%
10,000
$
663
$
9,337
50,000
50.00%
25,000
$
9,646
$
15,354
66,500
50.00%
33,250
$
16,649
$
16,601
7,745
50.00%
3,873
$
4,162
$
35,755
50.00%
17,878
$
14,002
$
3,876
55,000
50.00%
27,500
$
18,200
$
9,300
$
62,585
$
59,915
7
8
9
Year Ended 12-31-10
Total Contribution
Percent Capitalized
Amount Capitalized
10
11
12
Year Ended 12-31-11
Total Contribution
Percent Capitalized
Amount Capitalized
13
14
15
Three Months Ended 3-31-12
Total Contribution
Percent Capitalized
Amount Capitalized
16
17
18
HTY Ended 3-31-13
Total Contribution
Percent Capitalized
Amount Capitalized
19
20
21
FTY Ended 3-31-14
Total Contribution
Percent Capitalized
Amount Capitalized
$
$
$
$
$
(290)
22
23
24
25
Exhibit 3 FTY 7-30-13
C_8 (A151..L210)
Total
$
122,500
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
D-1
O'Brien/Gorman
1
of 3
Jurisdictional Rate Base, Net Operating Income and Revenue Increase
Table No 1
Earned Rate of Return with Additional Proposed Revenues - PA Jurisdiction
Line
No
Description
(1)
ROR Before
Additional
Revenues
Reference
(2)
Proposed
Additional
Revenues
(3)
ROR With
Additional
Revenues
1
Total Electric Rate Base
D-1, P 3
$
1,412,434
$
-
$
1,412,434
2
3
4
5
Total Operating Revenues:
Total Sales Revenues
Other Revenues - Off System Sales
Other Operating Revenues
Total Revenues
D-2, P 2
D-2, P 2
D-2, P 2
L 2 to L 4
$
420,467
13,330
433,797
$
30,237
30,237
$
450,704
13,330
464,034
6
7
8
9
Total Operating Expenses:
Operation & Maintenance Expenses
Depreciation & Amortization Expense
Taxes Other Than Income Taxes
Total Operating Expenses
D-2, P 2
D-2, P 2
D-2, P 2
L 6 to L 8
10
Utility Operating Income Before Taxes
L5-L9
157,679
87,336
34,091
279,106
$
154,691
310
1,768
2,079
$
28,158
157,989
87,336
35,859
281,185
$
182,849
11
12
13
Income Taxes:
Federal
State
Total Income Taxes
D-18 Dist
D-18 Dist
L 11 + L 12
42,453
10,633
53,086
8,871
2,813
11,684
51,324
13,446
64,769
14
Total Operating Expenses
L 9 + L 13
332,192
13,762
345,954
15
Total Operating Income
L 5 - L 14
16
Earned Rate of Return - %
L 15 / L 1
Exhibit 3 FTY 7-30-13
D_1_p1 (A1..L50)
$
101,605
7.19%
$
16,474
$
118,079
8.36%
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
D-1
O'Brien/Gorman
2
of 3
Jurisdictional Rate Base, Net Operating Income and Revenue Increase
Table No 2
Determination of Jurisdictional Revenue Deficiency
Line
No
Description
1
Total Electric Rate Base
2
3
4
Total Operating Revenues:
Total Sales Revenues
Other Revenues - Off System Sales
Other Operating Revenues
5
Total Revenues
(1)
Total
Company
Reference
Table No 1
$
1,931,768
(2)
Total PA
Jurisdiction
$
(3)
PA JSS
Reference
1,412,434
Table No 1
Table No 5
Table No 5
Table No 5
D-3
D-3
D-3
707,588
660
13,330
420,467
13,330
L 2 to L 4
721,578
433,797
D-4
D-17
D-16
L 6 to L 9
334,039
112,729
48,430
495,197
157,679
87,336
34,091
279,106
Total Operating Expenses:
6
7
8
9
10
Operation & Maintenance Expenses
Depreciation & Amortization Expense
Taxes Other Than Income Taxes
Total Operating Expenses
L 5 - L 10
226,381
154,691
11
12
13
14
Utility Operating Income Before Taxes
Income Taxes:
Federal
State
Total Operating Expenses
Total Operating Income
D-18
D-18
L 12 + L 13
L 5 - L 14
63,036
16,294
574,527
147,051
$
42,453
10,633
332,192
101,605
15
16
17
Return Before Adjustments
Earned Rate of Return - %
Required Rate of Return - %
Return at Required Rate of Return
L 15 / L 1
B-9
L 16 * L 17
$
7.1936%
8.3600%
118,079
$
16,474
1.83538
30,237
18
19
20
Income Deficiency - $
Revenue Deficiency - Tax Multiplier
Revenue Deficiency-$
Exhibit 3 FTY 7-30-13
D_1_p2 (A51..L100)
L 18 - L 15
D-18, Page 3
L 19 * L 20
$
Table No 6
Table No 7
Table No 8
Table No 9
Table No 9
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
D-1
O'Brien/Gorman
3
of 3
Jurisdictional Rate Base, Net Operating Income and Revenue Increase
Table No 3
Electric Rate Base - Pennsylvania
Line
No
Description
Reference
1
2
3
Electric Plant in Service
Accumulated Provision for Depreciation
Net Electric Plant in Service
C-2
C-3
L1+L2
4
5
6
7
8
Other Rate Base Items - Additions:
Cash Working Capital
Materials & Supplies
Excess Pension Capitalized
Total Additions
Total Rate Base Before Deductions
C-4
C-5
C-8
L 4 to L 6
L3+L7
$
(1)
(2)
(3)
Total
Company
Total PA
Jurisdiction
PA JSS
Reference
3,330,332
1,055,522
2,274,810
$
43,100
20,627
59,915
123,642
2,398,452
2,534,943
856,473
1,678,470
Table No 1
Table No 1
40,634
12,223
45,605
98,462
1,776,933
Table No 12
Table No 1
Other Rate Base Items - Deductions:
9
10
11
12
Customer Deposits - Account 235
Accumulated Deferred Income Taxes
Total Deductions
Total Electric Rate Base
Exhibit 3 FTY 7-30-13
D_1_p3 (A101..L150)
C-7
C-6
L 9 + L 10
L 8 + L 11
(8,115)
(458,569)
(466,684)
$
1,931,768
(8,115)
(356,384)
(364,499)
$
1,412,434
Table No 1
Table No 1
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
1
D-2
Ankrum/O'Brien
of 1
Adjusted Net Operating Income At Present Rates
[1]
Line
#
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Description
Late Payment fees
Reconnect Fees
Miscellaneous Service
DL Transmission Dispatch
Rent From Electric Property
Customer Work
Pole Attachments
Other Electric Revenue
Rate Increase
Total operating revenues
OPERATING EXPENSES
Power Production Expense
Cost of Purchased Power
Other Production Expenses
Transmission
Distribution
Customer accounts
Customer service and info
Sales
Administrative and general
Depreciation
Amortization Other
Amort of Regulatory Exp
Taxes other than income
Other
31
Total operating expenses
32
Net Operating Income - BIT
33
34
35
INCOME TAX EXPENSE
State Income Taxes
Federal Income Taxes
Total Income Taxes
36
Net Operating Income
Exhibit 3 FTY 7-30-13
D_2 (A151..L210)
FTY Ended
3/31/14
Budget
Reference
OPERATING REVENUES
Distribution Tariff Charges
Generation Charges
Transmission Charges
SP Distribution Revenue
Sales for Resale (Off System)
$
Sum L 1 to L 15
463,113
139,769
116,046
660
3,377
548
613
379
7,200
750
816
3,668
736,939
$
131,314
114
8,077
36,446
41,548
3,046
97,461
114,840
4,800
61
47,165
-
0.8800%
0.1461%
5.9000%
484,871
Sum L 17 to L 30
L 16 - L 31
[2]
Adjustments
D-3, Pgs 1 & 2
Increase
(Decrease)
$
252,068
$
[3]
Pro Forma
Adjusted
FTY Ended
3/31/14
[ 1 ] + [ 2]
(42,646)
21,393
5,891
(7)
213
(613)
407
1
(15,361)
420,467
161,162
121,937
660
3,370
761
786
7,200
750
816
3,669
721,578
20,130
112
451
1,489
3
(6,151)
(12,212)
5,240
1,265
10,326
151,444
114
8,189
36,897
43,037
3,049
91,310
102,628
10,040
61
48,430
495,197
(25,687)
226,381
16,294
63,036
79,329
L 33 + L 34
L32 - L 35
$
147,051
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-3
Witness:
O'Brien
Page
1 of 2
Adjustments to Net Operating Income
Line
#
Description
[1]
[2]
[3]
[4]
[5]
Adjustments
[6]
[7]
As Forecast
And
Allocated
[8]
Adjustments
Update of
Power Cost
Salaries
& Wages
Other
Revenues
Rate Case
Normalization
Benefits &
Pensions
[9]
[ 10 ]
[ 11 ]
[ 12 ]
Uncollectible
Expense
Amort IT Cost
Program
Other
Other
Sub-Total
Proforma
$
$
OPERATING REVENUE
1
Distribution Tariff Charges
-
-
2
Generation Charges
$
463,113
139,769
$
(42,646)
21,393
-
-
-
-
-
-
-
-
-
161,162
3
Transmission Charges
116,046
5,891
-
-
-
-
-
-
-
-
-
121,937
4
SP Distribution Revenue
-
-
-
-
-
-
-
-
-
-
-
-
5
Sales for Resale (Off System)
660
-
-
-
-
-
-
-
-
-
-
660
6
Late Payment fees
-
-
-
-
-
-
-
-
-
3,370
7
Reconnect Fees
548
213
-
-
-
-
-
-
-
-
-
761
8
Miscellaneous Service
613
(613)
-
-
-
-
-
-
-
-
-
-
9
DL Transmission Dispatch
379
407
-
-
-
-
-
-
-
-
-
786
10
Rent From Electric Property
7,200
-
-
-
-
-
-
-
-
-
-
7,200
11
Customer Work
750
-
-
-
-
-
-
-
-
-
-
750
12
Pole Attachments
816
-
-
-
-
-
-
-
-
-
-
816
13
Other Electric Revenue
-
-
-
-
-
-
-
-
-
3,669
(15,361)
-
-
-
-
-
-
-
-
-
721,578
-
-
-
-
-
-
-
-
-
-
131,314
-
20,130
-
-
-
-
-
-
-
-
-
-
-
-
114
1,329
-
-
8,189
36,897
42,549
3,049
3,377
$
(7)
3,668
1
-
$
-
$
-
$
-
$
-
-
-
$
$
420,467
14
Total operating revenues
736,939
Sum L 1 to L 14
OPERATING EXPENSE
15
Power Production Expense
16
Cost of Purchased Power
17
Other Production Expenses
18
19
20
Transmission
Distribution
Customer accounts
21
Customer service and info
22
Sales
23
Administrative and general
24
Depreciation
25
Amortization Other
26
27
-
-
-
151,444
114
-
-
-
-
-
-
8,077
36,446
41,548
-
-
112
451
219
-
-
-
3,046
-
-
3
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
97,461
-
-
501
-
1,759
(8,411)
-
-
-
-
91,310
114,840
-
-
-
-
-
-
-
-
-
-
114,840
4,800
-
-
-
-
-
-
-
-
-
-
4,800
Amort of Regulatory Exp
61
-
-
-
-
-
-
-
-
-
-
61
Taxes other than income
47,165
-
-
-
-
-
-
-
-
-
-
47,165
484,871
-
20,130
1,286
-
1,759
(8,411)
1,329
-
-
500,417
28
Total operating expenses
29
Net operating margins Before Income Tax
Exhibit 3 FTY 7-30-13
D_3_p1 (A1..AD60)
Sum L 16 to L 28
L 15 - L 29
$
252,068
$
(15,361)
$
(20,130)
$
(1,286)
$
-
$
(1,759)
$
8,411
(547)
(547)
$
547
$
(1,329)
$
-
$
-
$
221,161
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-3
Witness:
O'Brien
Page
2 of 2
Adjustments to Net Operating Income
[ 13 ]
Line
#
[ 14 ]
From
Page 1
Sub-total
Description
[ 15 ]
[ 16 ]
[ 17 ]
Adjustments
Gross Receipts
Tax Exp
FICA, FUI
SUI Exp
Pro Forma
Depre Adj
[ 18 ]
[ 19 ]
[ 20 ]
Adjustments
[ 21 ]
[ 22 ]
[ 23 ]
[ 24 ]
Interest on
Cust. Dep
Total
Proforma
OPERATING REVENUE
$
-
30
Distribution Tariff Charges
420,467
-
-
-
-
-
-
-
-
-
-
420,467
31
Generation Charges
161,162
-
-
-
-
-
-
-
-
-
-
161,162
32
Transmission Charges
121,937
-
-
-
-
-
-
-
-
-
-
121,937
33
SP Distribution Revenue
-
-
-
-
-
-
-
-
-
-
-
-
34
Sales for Resale (Off System)
660
-
-
-
-
-
-
-
-
-
-
660
35
Late Payment fees
3,370
-
-
-
-
-
-
-
-
-
-
3,370
36
Reconnect Fees
761
-
-
-
-
-
-
-
-
-
-
761
37
Miscellaneous Service
-
-
-
-
-
-
-
-
-
-
-
-
38
DL Transmission Dispatch
786
-
-
-
-
-
-
-
-
-
-
786
39
Rent From Electric Property
7,200
-
-
-
-
-
-
-
-
-
-
7,200
40
Customer Work
750
-
-
-
-
-
-
-
-
-
-
750
41
Pole Attachments
816
-
-
-
-
-
-
-
-
-
-
816
42
Other Electric Revenue
3,669
-
-
-
-
-
-
-
-
-
-
3,669
721,578
-
-
-
-
-
-
-
-
-
-
721,578
43
Total operating revenues
Sum L 31 to L 44
OPERATING EXPENSE
44
Power Production Expense
45
Cost of Purchased Power
46
Other Production Expenses
47
Transmission
48
49
50
51
52
Administrative and general
53
Depreciation
54
Amortization Other
55
Amort of Regulatory Exp
56
Taxes other than income
-
-
-
-
-
-
-
-
-
-
151,444
-
-
-
-
-
-
-
-
-
-
-
151,444
114
-
-
-
-
-
-
-
-
-
-
114
8,189
-
-
-
-
-
-
-
-
-
-
8,189
Distribution
36,897
-
-
-
-
-
-
-
-
-
-
36,897
Customer accounts
Customer service and info
Sales
42,549
3,049
-
-
-
-
-
-
488
-
-
-
-
-
43,037
3,049
-
57
Total operating expenses
58
Net operating margins Before Income Tax
Exhibit 3 FTY 7-30-13
D_3_p2 (A61..AC120)
Sum L 46 to L 58
L 45 - L 59
$
91,310
-
-
-
-
-
-
-
-
-
-
91,310
114,840
-
-
-
(12,212)
-
-
-
-
-
-
102,628
4,800
-
-
-
5,240
-
-
-
-
-
-
10,040
61
-
-
-
-
-
-
-
-
-
-
61
47,165
-
1,137
128
-
-
-
-
-
-
-
48,430
500,417
-
1,137
128
(6,972)
-
488
-
-
-
-
495,197
221,161
$
-
$
(1,137)
$
(128)
$
6,972
$
-
$
(488)
$
-
$
-
$
-
$
-
$
226,381
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-5
Witness:
O'Brien
Page
1 of 1
Summary of Revenue Adjustments
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
D-5D
D-5E
Total
Proforma
Adjustments
[ 3 to 7 ]
Proforma
Adjusted At
Present
Rates
[2]+[8]
PRO FORMA ADJUSTMENTS
Line
#
Description
Reference
Or
Account
Number
1
2
3
Distribution Tariff Charges
Generation Charges
Transmission Charges
4
Sum Sales to Customers
5
SP Distribution Revenue
6
Sub-Total
L4+L5
7
8
Sales for Resale (Off System)
Total Sales of Electricity
L6+L7
9
10
11
12
13
Late Payment fees
Returned Check Charges
Reconnect Fees
Miscellaneous Service
DL Transmission Dispatch
14
15
16
17
18
19
20
21
22
23
FTY
End 3-31-14
Pro Forma
$
Sum L 1 to L 3
Total Present Rate Revenues
25
Other Revenue
26
TOTAL REVENUES
Exhibit 3 FTY 7-30-13
D_5_p1 (A1..V60)
$
718,928
L 25 + L 26
421
21,393
5,891
-
-
718,928
(43,571)
660
719,588
(43,571)
-
736,939
$
$
27,705
3,377
53
495
613
379
7,200
750
816
142
82
1,565
209
1,620
50
Sum L 8 to L 23
(43,571)
-
D-5B
Revenue
Update
(43,571)
-
Rent From Electric Property
Customer Work
Pole Attachments
Other Electric Revenue
Other Electric Revenues (456.01)
I.T.Service Charge (456.06)
AES BV Partners - Demand (456.10)
AES BV Partners - Transmission (456.11)
Dominion Marketing Revenue (456.12)
PJM DLCO Firm (456.32)
PJM DLC Pwr NFPP (456.53)
24
463,113
139,769
116,046
D-5A
Remove
Surcharges
736,939
(43,571)
$
$
-
$
-
-
-
-
-
-
27,705
504
-
27,705
504
27,706
$
504
-
504
(7)
213
(613)
407
51
(50)
(43,571)
$
D-5C
Revenue
Annualization
27,706
$
$
(42,646)
21,393
5,891
-
$
420,467
161,162
121,937
-
-
(15,362)
(15,362)
703,566
703,566
-
-
(15,362)
660
704,226
-
-
-
(7)
213
(613)
407
51
(50)
3,370
53
708
786
7,200
750
816
142
82
1,565
209
1,671
-
504
-
-
(15,361)
721,578
504
$
-
$
-
$
(15,361)
$
721,578
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-5A
Witness:
O'Brien
Page
1 of 1
Remove Surcharge Revenue
Line
#
Description
[1]
[2]
[3]
[4]
[4]
Reference
Revenue
Sub-Total
GRT
Net
0.059
1
2
3
4
RESIDENTIAL CONSUMER ED SURCHARGE
COMMERCIAL CONSUMER ED SURCHARGE
INDUSTRIAL CONSUMER ED SURCHARGE
Sub-Total
5
6
7
8
RESIDENTIAL UNIVERSAL SERVICE CHARGE
CUSTOMER ASSISTANCE-RETAIL REVENUE REDUCTION
(RIDER 5 SURCHARGE - UNIVERSAL SERVICES
Sub-Total
9
10
11
12
RESIDENTIAL SMART METER SURCHARGE
COMMERCIAL SMART METER SURCHARGE
INDUSTRIAL SMART METER SURCHARGE
Sub-Total
13
14
15
16
RESIDENTIAL EECDR SURCHARGE
COMMERCIAL EECDR SURCHARGE
INDUSTRIAL EECDR SURCHARGE
Sub-Total
17
Total Revenue - Adjustment to Revenue
18
Gross Receipts Tax
19
Net Revenue after GRT offset
(Reflected on Taxes - Other Than Income Sch. D-3, S-1)
20
Equivilant from Expense Summary
21
Difference
Exhibit 3 FTY 7-30-13
D_5A (A61..V120)
$
1,595
57
6
$
$
1,658
(94)
(3)
(0)
(98)
1,560
6,766
(1,317)
(1,317)
5,449
10,296
(549)
(57)
(1)
(607)
9,689
24,851
(508)
(668)
(290)
(1,466)
23,385
22,329
(15,518)
(45)
9,311
965
20
8,602
11,330
4,919
$
43,571
$
(3,489)
$
D, S-6
40,082
40,158
$
(76)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-5B
Witness:
O'Brien
Page
1 of 1
Update of Forecast Revenue
Line
#
Description
DISTRIBUTION
Residential
Commercial
Industrial
Street Lighting
1
2
3
4
5
[1]
[2]
Factor Or
Reference
Forecast
$
Sub-Total
6
Surcharges
7
Distribution Revenue
[3]
Remove
Surcharge
Adj. 5A
226,005
149,536
31,742
12,258
419,541
-
43,572
43,571
463,113
43,571
[4]
Updated
Revenue
Forecast
$
[5]
Adjustment
[2]-[3]-[4]
222,794
152,568
31,929
12,672
419,963
$
3,211
(3,032)
(187)
(414)
(422)
419,963
1
(421)
8
Generation Revenue
139,769
161,162
(21,393)
9
Transmission Revenue
116,046
121,937
(5,891)
10
Sub Total
718,928
703,062
(27,705)
11
12
SP Distribution
Sales for Resale
13
TOTAL Energy Sales
14
15
16
17
18
19
20
Late Payment, Returned Check
Reconnect Fee
Miscellaneous
PJM Office / DL Transmission Dispatch
Rent / Customer Work / Pole Attachment
Transmission Wholesale
Other Revenue
3,430
495
613
379
8,766
3,185
483
21
Total Other Revenue
17,351
22
TOTAL REVENUE
43,571
660
-
719,588
$
736,939
Spread of Adjustment to Commercial & Industrial
660
43,571
$
43,571
$
Business Plan
Forecast By Category
24
25
26
Update byTariff - Direct to Category
Update by Tariff - Allocated
Total
Exhibit 3 FTY 7-30-13
D_5B (A121..V180)
703,722
(27,705)
3,423
708
786
8,766
3,236
433
7
(213)
613
(407)
(51)
50
17,352
(1)
721,074
$
(27,706)
Spread of Adjustment to Commercial & Industrial
Commercial
23
-
$
Industrial
Update
149,536
Business Plan
$
$
$
6,741
145,827
152,568
TOTAL
Update
31,742
$
$
974
30,955
31,929
$
181,278
$
7,715
176,782
184,497
$
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-5C
Witness:
O'Brien
Page
1 of 1
Revenue Annualization
Line
#
Description
1
Test Year Distribution Revenue
2
Commodity Billings in Revenues
3
Revenues net of Commodity - Margin
(L1-L2)
4
Average Monthly Customers in TY
5
Average Annual Margin Per Customer
(L3/L4)
6
Number of Customers at End of Year
7
Increase in Customers during TY
(L 6 - L 4 )
8
Annualization of Revenue
(L5*L7)
Exhibit 3 FTY 7-30-13
D_5C (A181..V240)
$
[1]
[2]
[3]
[4]
[5]
Residential
Commercial
Industrial
Street
Lighting
Total
323,193
$
97,188
$
226,005
$
0.429
$
149,536
$
2.742
54,601
1,530
75
$
207
35,208
$
3,466
$
54,526
527,777
656
$
38,461
526,247
$
187,997
31,742
28.242
$
$
(14)
(392)
12,258
$
1.578
559,310
139,769
$
7,767
1,110
$
$
654
1,124
$
12,912
419,541
589,663
$
0.711
7,788
591,275
21
1,612
33
$
504
Duquesne Light Company
Future Test Year Revenue at Present Rates
12 Month Period Ended March 31, 2014 at Customer Shopping Levels
A
B
C
D
Rate
Class
Average No.
Customers
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
492,107
30,788
3,789
22,735
19,120
9,527
2,332
1,011
767
113
28
5
3
1
1,463
27
5,506
1,084
590,406
20
21
22
23
24
25
26
27
28
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
29
Total Operating Revenue
Line
Distribution
Sales (kWh)
E
3,759,358,683
380,836,486
50,399,383
90,558,434
587,380,062
2,196,744,235
47,327,541
244,694,906
3,121,094,674
502,633,063
1,343,119,306
1,591,320,296
95,860
27,336,762
28,614,877
855,744
21,418,734
2,550,500
13,996,339,545
POLR
Sales (kWh)
1,722,902,490
200,539,249
19,092,622
60,052,300
277,760,952
510,179,002
25,377,415
68,179,314
156,898,434
15,809,111
0
0
95,720
0
8,163,023
855,744
2,704,757
2,129,835
3,070,739,966
F
Base
Distribution
Present Rate
Revenue
$205,458,866
$16,244,027
$1,634,621
$6,709,119
$23,262,015
$57,363,391
$2,181,736
$6,325,671
$58,141,868
$8,791,557
$20,810,798
$911,100
$931
$1,524,202
$9,414,946
$112,849
$1,206,641
$412,627
$420,506,965
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$13,329,682
$433,836,647
G
H
CAP
Revenue
Credit
Act 129
Energy
Efficiency
(EECDR)
Surcharge
$8,646,525
$875,924
$115,919
$90,558
$592,870
$2,451,256
$47,553
$255,435
$9,656,238
$1,378,019
$1,705,466
$611,874
$0
$0
$0
$0
$0
$0
$26,427,637
($13,196,374)
($1,081,199)
($185,053)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
($14,462,626)
$0
($14,462,626)
I
J
K
L
Act 129
Consumer
Smart Meter Education
Surcharge Surcharge
Universal
Service
Charge
State Tax Adj.
Surcharge
(STAS)
$944,826
$59,075
$7,272
$43,647
$36,710
$18,291
$4,479
$1,941
$1,472
$217
$54
$9
$6
$0
$0
$0
$0
$0
$1,117,999
$13,486,673
$1,290,394
$189,554
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,966,621
$0
$0
$26,427,637
$1,117,999
($462,523)
($29,205)
($3,591)
($1,815)
($1,530)
($9,904)
($187)
($1,050)
($2,100)
($310)
($77)
($13)
$0
$0
$0
$0
$0
$0
($512,305)
$0
($512,305)
$0
$14,966,621
($270,268)
($21,852)
($2,303)
($7,950)
($28,310)
($67,976)
($2,585)
($7,496)
($80,340)
($12,051)
($26,682)
($1,805)
($1)
($1,806)
($11,157)
($134)
($1,430)
($489)
($544,634)
$0
($544,634)
M
N
O
P
Distribution
(Sum Col. F - L)
Transmission
Present Rate
Revenue
(w/shopping)
Generation
Present Rate
Revenue
(w/shopping)
Total
Present Rate
Revenue
$214,607,726
$17,337,163
$1,756,418
$6,833,559
$23,861,756
$59,755,059
$2,230,995
$6,574,502
$67,717,137
$10,157,432
$22,489,559
$1,521,166
$935
$1,522,396
$9,403,790
$112,715
$1,205,211
$412,138
$447,499,657
$26,556,948
$1,496,071
$291,735
$533,212
$3,100,562
$6,300,158
$244,397
$723,913
$754,604
$137,966
$0
$0
$323
$0
$26,511
$1,862
$24,994
$4,773
$40,198,030
$95,305,259
$10,967,964
$1,061,456
$3,076,980
$14,231,370
$24,306,707
$1,300,470
$3,253,431
$6,395,554
$635,466
$0
$0
$4,049
$0
$346,549
$36,328
$150,033
$90,400
$161,162,016
$336,469,933
$29,801,198
$3,109,608
$10,443,751
$41,193,688
$90,361,924
$3,775,862
$10,551,846
$74,867,296
$10,930,864
$22,489,559
$1,521,166
$5,307
$1,522,396
$9,776,850
$150,904
$1,380,238
$507,312
$648,859,703
$660,000
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$13,329,682
$81,723,619
$3,235,620
$85,745,239
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$81,723,619
$3,235,620
$99,734,922
$460,829,339
$125,943,270
$161,822,016
$748,594,625
$786,000
SCHEDULE D-5D
Page 1 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Adjusted Future Test Year Revenue at Present Rates
12 Month Period Ended March 31, 2014 at Customer Shopping Levels
A
Line
B
C
D
Rate
Class
Distribution
Present Rate
Revenue
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
20
21
22
23
24
25
26
27
28
29
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Revenue Annualization
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
30
Total Operating Revenue
$205,458,866
$16,244,027
$1,634,621
$6,709,119
$23,262,015
$57,363,391
$2,181,736
$6,325,671
$58,141,868
$8,791,557
$20,810,798
$911,100
$931
$1,524,202
$9,414,946
$112,849
$1,206,641
$412,627
$420,506,965
$0
$3,423,117
$708,497
$8,765,502
$432,567
$504,026
$0
$0
$13,833,708
$434,340,674
E
F
G
H
State Tax Adj.
Surcharge
(STAS)
Distribution
(Sum Col. C - D)
Transmission
Present Rate
Revenue
(w/shopping)
Generation
Present Rate
Revenue
(w/shopping)
Adjusted
Present Rate
Revenue
($270,268)
($21,852)
($2,303)
($7,950)
($28,310)
($67,976)
($2,585)
($7,496)
($80,340)
($12,051)
($26,682)
($1,805)
($1)
($1,806)
($11,157)
($134)
($1,430)
($489)
($544,634)
$205,188,598
$16,222,175
$1,632,317
$6,701,169
$23,233,705
$57,295,416
$2,179,150
$6,318,175
$58,061,528
$8,779,506
$20,784,117
$909,295
$929
$1,522,396
$9,403,790
$112,715
$1,205,211
$412,138
$419,962,331
$0
($544,634)
$26,556,948
$1,496,071
$291,735
$533,212
$3,100,562
$6,300,158
$244,397
$723,913
$754,604
$137,966
$0
$0
$323
$0
$26,511
$1,862
$24,994
$4,773
$40,198,030
$95,305,259
$10,967,964
$1,061,456
$3,076,980
$14,231,370
$24,306,707
$1,300,470
$3,253,431
$6,395,554
$635,466
$0
$0
$4,049
$0
$346,549
$36,328
$150,033
$90,400
$161,162,016
$327,050,806
$28,686,210
$2,985,507
$10,311,361
$40,565,638
$87,902,281
$3,724,017
$10,295,519
$65,211,686
$9,552,938
$20,784,117
$909,295
$5,301
$1,522,396
$9,776,850
$150,904
$1,380,238
$507,312
$621,322,377
$660,000
$0
$3,423,117
$708,497
$8,765,502
$432,567
$504,026
$0
$0
$13,833,708
$81,723,619
$3,235,620
$85,745,239
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$504,026
$81,723,619
$3,235,620
$100,238,948
$433,796,040
$125,943,270
$161,822,016
$721,561,325
$786,000
SCHEDULE D-5D
Page 2 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Future Test Year at Proposed Distribution Rates
12 Month Period Ended March 31, 2014 at Customer Shopping Levels
A
B
C
D
E
F
G
H
I
J
Line
Rate
Class
Base
Distribution
Revenue at
Proposed Rates
Transmission
Present Rate
Revenue
(w/shopping)
Generation
Present Rate
Revenue
(w/shopping)
Total
Proposed Rate
Revenue
(Sum Col. C - E)
Total
Revenue
Change
Total
Percent
Change
Distribution
Revenue
Change
Distribution
Percent
Change
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
20
21
22
23
24
25
26
27
28
29
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Revenue Annualization
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
30
Total Operating Revenue
$253,843,872
$20,177,477
$2,086,628
$8,529,234
$26,290,667
$65,181,264
$2,979,988
$6,702,850
$65,322,406
$10,675,085
$23,174,893
$667,541
$812
$1,239,118
$8,204,646
$98,610
$878,987
$372,359
$496,426,438
$26,556,948
$1,496,071
$291,735
$533,212
$3,100,562
$6,300,158
$244,397
$723,913
$754,604
$137,966
$0
$0
$323
$0
$26,511
$1,862
$24,994
$4,773
$40,198,030
$95,305,259
$10,967,964
$1,061,456
$3,076,980
$14,231,370
$24,306,707
$1,300,470
$3,253,431
$6,395,554
$635,466
$0
$0
$4,049
$0
$346,549
$36,328
$150,033
$90,400
$161,162,016
$375,706,080
$32,641,512
$3,439,818
$12,139,426
$43,622,600
$95,788,129
$4,524,855
$10,680,194
$72,472,565
$11,448,517
$23,174,893
$667,541
$5,184
$1,239,118
$8,577,706
$136,799
$1,054,014
$467,532
$697,786,484
$48,655,274
$3,955,302
$454,310
$1,828,065
$3,056,962
$7,885,848
$800,838
$384,675
$7,260,879
$1,895,579
$2,390,776
($241,754)
($117)
($283,278)
($1,199,143)
($14,105)
($326,224)
($39,780)
$76,464,106
$660,000
$0
$0
$0
$0
$0
($504,026)
$0
$0
($504,026)
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$0
$13,329,682
$81,723,619
$3,235,620
$85,745,239
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$0
$81,723,619
$3,235,620
$99,734,922
$509,756,120
$125,943,270
$161,822,016
$797,521,405
$786,000
$75,960,080
14.9%
13.8%
15.2%
17.7%
7.5%
9.0%
21.5%
3.7%
11.1%
19.8%
11.5%
-26.6%
-2.2%
-18.6%
-12.3%
-9.3%
-23.6%
-7.8%
12.3%
$48,655,274
$3,955,302
$454,310
$1,828,065
$3,056,962
$7,885,848
$800,838
$384,675
$7,260,879
$1,895,579
$2,390,776
($241,754)
($117)
($283,278)
($1,199,143)
($14,105)
($326,224)
($39,780)
$76,464,106
23.7%
24.4%
27.8%
27.3%
13.2%
13.8%
36.8%
6.1%
12.5%
21.6%
11.5%
-26.6%
-12.6%
-18.6%
-12.8%
-12.5%
-27.1%
-9.7%
18.2%
$0
$0
$0
$0
$0
($504,026)
$0
$0
($504,026)
10.5%
$75,960,080
17.5%
SCHEDULE D-5D
Page 3 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Future Test Year Revenue at Present Rates
12 Month Period Ended March 31, 2014 Assuming No Customer Shopping (i.e. 100% Default Service Load)
A
B
C
D
E
Rate
Class
Average No.
Customers
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
492,107
30,788
3,789
22,735
19,120
9,527
2,332
1,011
767
113
28
5
3
1
1,463
27
5,506
1,084
590,406
20
21
22
23
24
25
26
27
28
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
29
Total Operating Revenue
Line
Distribution
Sales (kWh)
100% POLR
Sales (kWh)
3,759,358,683
380,836,486
50,399,383
90,558,434
587,380,062
2,196,744,235
47,327,541
244,694,906
3,121,094,674
502,633,063
1,343,119,306
1,591,320,296
95,860
27,336,762
28,614,877
855,744
21,418,734
2,550,500
13,996,339,545
3,759,358,683
380,836,486
50,399,383
90,558,434
587,380,062
2,196,744,235
47,327,541
244,694,906
3,121,094,674
502,633,063
1,343,119,306
1,591,320,296
95,860
27,336,762
28,614,877
855,744
21,418,734
2,550,500
13,996,339,545
F
Base
Distribution
Present Rate
Revenue
$205,458,866
$16,244,027
$1,634,621
$6,709,119
$23,262,015
$57,363,391
$2,181,736
$6,325,671
$58,141,868
$8,791,557
$20,810,798
$911,100
$931
$1,524,202
$9,414,946
$112,849
$1,206,641
$412,627
$420,506,965
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$13,329,682
$433,836,647
G
H
I
J
K
L
CAP
Revenue
Credit
Act 129
Energy
Efficiency
(EECDR)
Surcharge
Act 129
Smart Meter
Surcharge
Consumer
Education
Surcharge
Universal
Service
Charge
State Tax Adj.
Surcharge
(STAS)
($13,196,374)
($1,081,199)
($185,053)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
($14,462,626)
$8,646,525
$875,924
$115,919
$90,558
$592,870
$2,451,256
$47,553
$255,435
$9,656,238
$1,378,019
$1,705,466
$611,874
$0
$0
$0
$0
$0
$0
$26,427,637
$944,826
$59,075
$7,272
$43,647
$36,710
$18,291
$4,479
$1,941
$1,472
$217
$54
$9
$6
$0
$0
$0
$0
$0
$1,117,999
$0
($14,462,626)
$0
$0
$26,427,637
$1,117,999
($462,523)
($29,205)
($3,591)
($1,815)
($1,530)
($9,904)
($187)
($1,050)
($2,100)
($310)
($77)
($13)
$0
$0
$0
$0
$0
$0
($512,305)
$0
($512,305)
$13,486,673
$1,290,394
$189,554
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,966,621
($270,268)
($21,852)
($2,303)
($7,950)
($28,310)
($67,976)
($2,585)
($7,496)
($80,340)
($12,051)
($26,682)
($1,805)
($1)
($1,806)
($11,157)
($134)
($1,430)
($489)
($544,634)
$0
($544,634)
M
N
O
P
Distribution
(Sum Col. F - K)
Transmission
Present Rate
Revenue
(w/o shopping)
Generation
Present Rate
Revenue
(w/o shopping)
Total
Present Rate
Revenue
$214,607,726
$17,337,163
$1,756,418
$6,833,559
$23,861,756
$59,755,059
$2,230,995
$6,574,502
$67,717,137
$10,157,432
$22,489,559
$1,521,166
$935
$1,522,396
$9,403,790
$112,715
$1,205,211
$412,138
$447,499,657
$54,836,871
$2,504,671
$733,299
$755,049
$6,419,117
$25,640,894
$377,770
$1,705,448
$20,786,134
$3,526,248
$8,039,637
$3,897,921
$331
$31,142
$77,724
$1,232
$173,045
$3,543
$129,510,074
$193,227,277
$19,574,615
$2,590,478
$4,726,697
$30,658,302
$107,097,872
$2,470,261
$11,929,611
$127,223,260
$20,203,940
$53,832,159
$64,203,694
$3,763
$1,073,187
$1,123,363
$33,595
$1,117,951
$100,055
$641,190,078
$462,671,873
$39,416,449
$5,080,195
$12,315,305
$60,939,176
$192,493,824
$5,079,026
$20,209,560
$215,726,531
$33,887,619
$84,361,355
$69,622,781
$5,030
$2,626,725
$10,604,876
$147,542
$2,496,207
$515,736
$1,218,199,809
$660,000
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$13,329,682
$0
$3,235,620
$4,021,620
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$0
$3,235,620
$18,011,302
$460,829,339
$133,531,694
$641,850,078
$1,236,211,112
$786,000
Attachment DFR IV-A Future
Page 4 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Adjusted Future Test Year Revenue at Present Rates
12 Month Period Ended March 31, 2014 Assuming No Customer Shopping (i.e. 100% Default Service Load)
A
Line
B
C
D
Rate
Class
Base
Distribution
Present Rate
Revenue
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
20
21
22
23
24
25
26
27
28
29
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Revenue Annualization
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
30
Total Operating Revenue
$205,458,866
$16,244,027
$1,634,621
$6,709,119
$23,262,015
$57,363,391
$2,181,736
$6,325,671
$58,141,868
$8,791,557
$20,810,798
$911,100
$931
$1,524,202
$9,414,946
$112,849
$1,206,641
$412,627
$420,506,965
$0
$3,423,117
$708,497
$8,765,502
$432,567
$504,026
$0
$0
$13,833,708
$434,340,674
E
F
G
H
State Tax Adj.
Surcharge
(STAS)
Distribution
(Sum Col. C - D)
Transmission
Present Rate
Revenue
(w/o shopping)
Generation
Present Rate
Revenue
(w/o shopping)
Adjusted
Present Rate
Revenue
($270,268)
($21,852)
($2,303)
($7,950)
($28,310)
($67,976)
($2,585)
($7,496)
($80,340)
($12,051)
($26,682)
($1,805)
($1)
($1,806)
($11,157)
($134)
($1,430)
($489)
($544,634)
$205,188,598
$16,222,175
$1,632,317
$6,701,169
$23,233,705
$57,295,416
$2,179,150
$6,318,175
$58,061,528
$8,779,506
$20,784,117
$909,295
$929
$1,522,396
$9,403,790
$112,715
$1,205,211
$412,138
$419,962,331
$0
($544,634)
$54,836,871
$2,504,671
$733,299
$755,049
$6,419,117
$25,640,894
$377,770
$1,705,448
$20,786,134
$3,526,248
$8,039,637
$3,897,921
$331
$31,142
$77,724
$1,232
$173,045
$3,543
$129,510,074
$193,227,277
$19,574,615
$2,590,478
$4,726,697
$30,658,302
$107,097,872
$2,470,261
$11,929,611
$127,223,260
$20,203,940
$53,832,159
$64,203,694
$3,763
$1,073,187
$1,123,363
$33,595
$1,117,951
$100,055
$641,190,078
$453,252,746
$38,301,461
$4,956,094
$12,182,915
$60,311,125
$190,034,181
$5,027,182
$19,953,234
$206,070,921
$32,509,694
$82,655,912
$69,010,910
$5,024
$2,626,725
$10,604,876
$147,542
$2,496,207
$515,736
$1,190,662,484
$660,000
$0
$3,423,117
$708,497
$8,765,502
$432,567
$504,026
$0
$0
$13,833,708
$0
$3,235,620
$4,021,620
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$504,026
$0
$3,235,620
$18,515,328
$433,796,040
$133,531,694
$641,850,078
$1,209,177,812
$786,000
SCHEDULE D-5D
Page 5 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Future Test Year at Proposed Distribution Rates
12 Month Period Ended March 31, 2014 Assuming No Customer Shopping (i.e. 100% Default Service Load)
A
B
C
D
E
F
G
H
I
J
Line
Rate
Class
Base
Distribution
Revenue at
Proposed Rates
Transmission
Present Rate
Revenue
(w/o shopping)
Generation
Present Rate
Revenue
(w/o shopping)
Total
Proposed Rate
Revenue
(Sum Col. C - E)
Total
Revenue
Change
Total
Percent
Change
Distribution
Revenue
Change
Distribution
Percent
Change
$54,836,871
$2,504,671
$733,299
$755,049
$6,419,117
$25,640,894
$377,770
$1,705,448
$20,786,134
$3,526,248
$8,039,637
$3,897,921
$331
$31,142
$77,724
$1,232
$173,045
$3,543
$129,510,074
$193,227,277
$19,574,615
$2,590,478
$4,726,697
$30,658,302
$107,097,872
$2,470,261
$11,929,611
$127,223,260
$20,203,940
$53,832,159
$64,203,694
$3,763
$1,073,187
$1,123,363
$33,595
$1,117,951
$100,055
$641,190,078
$501,908,020
$42,256,763
$5,410,404
$14,010,980
$63,368,087
$197,920,029
$5,828,020
$20,337,909
$213,331,800
$34,405,272
$85,046,688
$68,769,156
$4,907
$2,343,447
$9,405,733
$133,437
$2,169,983
$475,956
$1,267,126,590
$48,655,274
$3,955,302
$454,310
$1,828,065
$3,056,962
$7,885,848
$800,838
$384,675
$7,260,879
$1,895,579
$2,390,776
($241,754)
($117)
($283,278)
($1,199,143)
($14,105)
($326,224)
($39,780)
$76,464,106
$660,000
$0
$0
$0
$0
$0
($504,026)
$0
$0
($504,026)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
RS
RH
RA
GS
GM<25
GM>25
GMH<25
GMH>25
GL
GLH
L
HVPS
AL
SE
SM
SH
UMS
PAL
Total
20
21
22
23
24
25
26
27
28
29
Other Electric Revenue:
Sales for Resale (Acct. 447)
Late Payment/Returned Check Charges (Acct. 450)
Reconnect Fees/PJM Office (Acct. 451)
Rent Electric Property (Acct. 454)
Other Revenue (Acct. 456)
Revenue Annualization
Transmission - EGS (Acct. 456)
Transmission - Wholesale (Acct. 456)
Subtotal Other Revenue
30
Total Operating Revenue
$253,843,872
$20,177,477
$2,086,628
$8,529,234
$26,290,667
$65,181,264
$2,979,988
$6,702,850
$65,322,406
$10,675,085
$23,174,893
$667,541
$812
$1,239,118
$8,204,646
$98,610
$878,987
$372,359
$496,426,438
$0
$3,423,117
$708,497
$8,765,502
$432,567
$0
$0
$0
$13,329,682
$3,235,620
$4,021,620
$660,000
$660,000
$3,423,117
$1,494,497
$8,765,502
$432,567
$0
$0
$3,235,620
$18,011,302
$509,756,120
$133,531,694
$641,850,078
$1,285,137,892
$786,000
$75,960,080
10.7%
10.3%
9.2%
15.0%
5.1%
4.1%
15.9%
1.9%
3.5%
5.8%
2.9%
-0.4%
-2.3%
-10.8%
-11.3%
-9.6%
-13.1%
-7.7%
6.4%
$48,655,274
$3,955,302
$454,310
$1,828,065
$3,056,962
$7,885,848
$800,838
$384,675
$7,260,879
$1,895,579
$2,390,776
($241,754)
($117)
($283,278)
($1,199,143)
($14,105)
($326,224)
($39,780)
$76,464,106
23.7%
24.4%
27.8%
27.3%
13.2%
13.8%
36.8%
6.1%
12.5%
21.6%
11.5%
-26.6%
-12.6%
-18.6%
-12.8%
-12.5%
-27.1%
-9.7%
18.2%
$0
$0
$0
$0
$0
($504,026)
$0
$0
($504,026)
6.3%
$75,960,080
17.5%
SCHEDULE D-5D
Page 6 of 6
Sponsor: W. V. Pfrommer
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-6
Witness:
O'Brien
Page
1 of 2
Remove Surcharge Revenue Related Expenses
[1]
Line
#
Description
[2]
Reference
Or
Account
Number
[3]
Consumer
Education
[4]
Universal
Service
[5]
Smart
Meter
[6]
[7]
[8]
Total
Cost Element
Update
Adjustment
Sum [ 2 ] to [ 7 ]
EECDR
Surcharge
COST ELEMENT
1
Straight-Time Labor
10
2
Building Rents
14
-
-
108
3
Incentive Compensation
15
-
-
-
4
Materials Purchased
23
-
1
5
Employee Expenses
51
-
1
6
Surcharge Revenue Offset
53
1,560
5,522
7
Hardware/Software Maintenance
58
-
-
8
Professional Services
59
1,552
2,795
896
9
Uncollectible Accounts
65
-
2,740
-
10
Business Meals
76
-
2
-
Sum L 1 to L 10
3,112
11,061
5,457
45,288
66
(1,552)
(5,539)
(2,761)
(21,901)
11
12
TOTAL
Deferred Costs
13
Surcharge Expese Total
14
Surcharge Revenue Offset
(Excludes Gross Receipts Taxes)
15
Revenue Charged to Capital Accounts
16
Total Revenue Related net of GRT
Exhibit 3 FTY 7-30-13
D_6_p1 (A241..V300)
L 11 + L 12
$
$
53
To D, S-5, pg 3
$
-
1,560
$
$
-
$
5,522
79
$
446
-
108
14
32
34
7
8
2,696
23,387
33,165
1,677
-
1,677
21,400
26,643
-
2,740
-
2,696
2
$
23,387
1,560
5,522
2,696
23,387
-
-
6,993
-
1,560
$
5,522
$
525
14
1
$
$
9,689
$
23,387
4
-
-
64,918
(31,753)
$
-
$
-
$
33,165
$
33,165
6,993
$
-
$
-
$
40,158
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-6
Witness:
O'Brien
Page
2 of 2
Update Purchased Energy Expenses
[1]
Line
#
[2]
Description
1
Generation Revenue
2
Gross Receipts Tax
3
Revenue To Generation Expense
4
Sales For Resale
5
Generation Expense
6
Adjustment for Generation Revenue
Exhibit 3 FTY 7-30-13
D_6_p2 (A301..V360)
[3]
Forecast
$
5.90%
139,769
$
[5]
Revenue
Update
Adjustment
161,162
8,246
9,509
131,523
151,653
-
$
[4]
131,523
-
$
151,653
$
(20,130)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
Witness:
PAGE
ADJUSTMENT---SALARY & WAGES
Adjustment # 7
[1]
Line
#
Description
1
2
3
4
5
6
7
8
9
OPERATIONS
Production
Generation
Transmission
Distribution
Customer Accounts
Customer service and information
Sales
Administration and general
Total Operations
10
11
12
13
14
15
MAINTENANCE
Production
Generation
Transmission
Distribution
Administration and general
Total Maintenance
16
Total Direct Payroll
17
Percent Increase
18
19
20
21
22
23
24
25
26
OTHER
Construction
Plant removal
Stores Accounts
Accrued Utility Revenue
Misc. Current & Accrued Assets
Deferred Debits
Misc Current & Accrued Liabilities
Donations
Total To "Clearing"
27
Exhibit 3 FTY 7-30-13
D_7 _p1 (A1..R55)
TOTAL PAYROLL
[2]
Budgeted
Year
3/31/14
Account
Number
500-509
$
546-550
560-567
580-589
901-905
907-910
911-916
920-931
Sum L 1 to L 8
3,203
9,552
10,110
134
16,962
39,960
[3]
Redistribute
General
Categories
$
-
[4]
Payroll
As
Distributed
$
3,203
9,552
10,110
134
16,962
39,960
Sum L 10 to L 14
1,950
11,251
6,136
19,336
-
1,950
11,251
6,136
19,336
L 9 + L 15
59,296
-
59,296
510-514
551-557
568-573
590-598
935
[5]
Total
Pro Forma
Payroll
$
69
207
219
3
368
867
[6]
Adjustment
$
42
244
133
419
$
1,286
1,992
11,495
6,269
19,755
$
60,582
2.169%
L 16, C 5 / C 4
-
107
108
163
173
174
186
242
426
Sum L 16 to L 26
3,272
9,759
10,329
137
17,330
40,827
$
59,296
$
-
$
-
-
59,296
2.169%
$
60,582
D-7
O'Brien
1
of 2
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
ADJUSTMENT---SALARY & WAGES
Adjustment # 7
[1]
[2]
Reference
Or
Function
Union
Line
#
Description
1
2
3
Budget O&M Base PR Expense for FTY
Budget O&M Overtime PR Expense for FTY
Total O&M Budget PR Expense
4
5
6
Pro Forma Rate Increase 10/1/13
Pro Forma Rate Increase 1/1/14
Number of Months for Annualization
7
Pro Forma During FTY
8
Pro Forma Rate Increase 10/1/14
9
Number of Months
10
11
Annualization Adjustment
Total Pro Forma - Existing Employees
12
13
14
15
Pro Forma For New Employees
Changes to Employee Numbers
Changes to Employee Numbers
Total New Employees - On Company List
Increase for Overtime
16
52 / 48
$
80 / 20
L1+L2
27,080
5,775
32,855
$
SCHEDULE
Witness:
PAGE
[3]
[4]
[5]
[6]
Non-Union
Annualized
Amounts
Amount
Amount
24,997
1,444
26,441
$
L3*(L4 or 5)*L6/12
$
493
$
793
1,286
0.00%
0
(L3+L7)*L8*L12/12
$
-
$
[4]L3+L8
$
L 10 + L 11
-
-
-
-
17
Increase for Pay Rates
L 4 or L 5 * L 14
-
-
-
18
Pro Forma Increase for Change in Employees
L 14 + L 15
-
-
22
Percent Increase
Exhibit 3 FTY 7-30-13
D_7_p2 (A56..R110)
60,582
-
Sum L 10 to L 13
Total O&M Budget PR Expense
Payroll Increase
[7]
Pro Forma
Total
Payroll
4.00%
9
6
Sub-Total -- Total Pay at Present Rates
20
21
of 2
3.00%
-
Total Pro Forma Payroll
2
52,077
7,219
59,296
L 2 / L 1 * L 10
19
D-7
O'Brien
L 7 + L 16
[3]L3
[ 6 ] L 17 - L 18
L 19 / L 18
$
493
$
793
-
$
60,582
59,296
$
1,286
2.169%
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
ADJUSTMENT---RATE CASE EXPENSE
Adjustment # 8
[1]
[2]
Line
#
Description
Reference
RATE CASE FOR NORMALIZATION
EXPENDITURES TO 3-31-13
1
Expended in 2012
2
Expended in 2013 to Mar 31
3
Total Recorded at 3-31-13
Amount
$
SCHEDULE
Witness:
PAGE 1
D-8
O'Brien
of 1
[3]
[4]
[5]
Amount
Sub-Total
Total
50
100
L1+L2
150
EXPENDITURES DURING FTY Ended 3-31-14
4
Estimated Expenditures for FPFTY
5
Sub-Total
2,050
Line 4
2,050
TOTAL EXPENDITURES FOR RATE FILING
6
Total Rate Case
7
Normalization Period [ A ]
8
Normalization Expense per Year
L3+L5
Years
$
3
L6/L7
$
NORMALIZATION OF POLR VI COSTS
9
Costs incurred through May 2013
10
Total POLR CCOSTS
733
1,937
Costs to Complete
11
2,200
200
L 9 + L 10
2,137
12
Normalization Period [ B ]
13
Normalization Expense per Year
L 11 / L 12
1,069
14
Normalization Expense per Year
L 8 + L 13
1,802
15
Expense included in FTY Expense
16
Normalization Adjustment
[A]
[B]
Years
$
2
43
L 14 + L 15
Time between rate cases - Next Case planned for July 2016 with rates effective 5-1-17
Time between between POLR Rate Setting Proceedings is two years
Exhibit 3 FTY 7-30-13
D_8 (A1..N60)
$
1,759
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
Witness:
D-9
O'Brien
PAGE 1 of 2
ADJUSTMENT---EMPLOYEE BENEFITS AND PENSION
Adjustment # 9
Line
#
Description
[1]
[2]
[3]
[4]
[5]
Reference
Pension
Contribution
Payments
To Capital
Pension
Contribution
Payments
To Expense
Amount
Total
PENSION COSTS
1
2
3
4
5
Contribution - Year Ended 12/31/14
$
32,600
Contribution - Year Ended 12/31/15
38,000
Contribution - Year Ended 12/31/16
41,000
6
Total
L 1 to L 5
7
8
Number of Years for FTY Average
Average for FTY
9
Pension Capitalization / Expense Factor
10
Pension Payment To Be Capitalized
L6*L9
11
Pension Payment To Be Expensed
L8*L9
12
FAS 87 Pension in HTY Capital Additions
13
FAS 87 Pension Expense in HTY
14
Pension Adjustment to Rate Base
L 10 - L 12
15
Pro Forma Pension Adjustment
L 11 - L 13
Exhibit 3 FTY 7-30-13
D_9_p1 (A61..N120)
$
111,600
$
37,200
3
50.0%
$
50.0%
18,600
$
18,600
18,200
27,011
$
400
$
(8,411)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
ADJUSTMENT---UNCOLLECTIBLE ACCOUNTS
Adjustment # 10
[1]
[2]
SCHEDULE
Witness:
PAGE 1
[3]
Non-CAP
Net
Write-Offs
[5]
Percent
[2]/[3]
Total
[2]/[3]
Description
1
2008
$
8,521
$
884,697
0.96%
2
2009
$
9,425
$
825,227
1.14%
3
2010
$
6,534
$
877,355
0.74%
4
2011
$
6,621
$
846,057
0.78%
5
2012
$
5,869
$
771,250
0.76%
6
Five Year Average
Sum (L 1 to L 5) / 5
$
7,394
$
840,917
5
Tariff
Revenue
of 1
[4]
Line
#
Reference
D-10
O'Brien
0.880%
Increase in Uncollectibles resulting from Increase in Deliquent Accounts
7
Annual Normalization Amount
$
Pro Forma
Revenue
Pro Forma Adjustment
8
9
10
Pro Forma Revenue
Pro Forma Rate
Pro Forma Net Write-Off Expense
11
Total Pro Forma Write Off
12
Budget Uncollectible Expense For FTY
13
Pro Forma Adjustment
Exhibit 3 FTY 7-30-13
D_10 (A121..N180)
$
1,500
Percent Net
Write-Offs
703,566
0.880%
L8*L9
6,191
L 7 + L 10
7,691
8,239
L 11 - L 12
(547)
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
SCHEDULE
Witness:
PAGE 1
D-11
O'Brien
of 1
ADJUSTMENT---AMORTIZATION OF IT EXPENSE
Adjustment # 11
Line
#
Description
[1]
[2]
[3]
[4]
Reference
Amount
Sub-Total
Total
1
Costs Incurred in HTY
2
Costs Incurred and Projected for FTY
3
Costs incurred in April 2014
4
Costs Projected for the FPFTY - Excluding Internal Resources
5
TOTAL
6
Amortization Period
in years
7
Pro Forma FTY Expense
L5/L6
8
Expense in FTY Budget Expense
9
Adjustment To FTY Budget Expense
Exhibit 3 FTY 7-30-13
D_11 (A181..N240)
$
1,186
3,333
311
Sum L 1 to L 4
9,155
$
13,985
3
$
4,662
3,333
L7+L8
$
1,329
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-16
Witness:
Simpson/O'Brien
Page
1 of 2
Taxes Other Than Income Taxes
Line
#
Description
[1]
[2]
[3]
[4]
[5]
Account
Number
Recorded
2012
Forecast
Amounts
FTY
Pro Forma
Adjustments
Pro Forma
Tax Expense
FTY
1
PURTA Taxes
2
Capital Stock
1,513
778
778
3
Miscellaneous
(1,600)
315
315
4
Social Security
408.3
7,899
4,313
110
4,423
5
FUTA
408.2
56
38
1
39
6
SUTA
408.4
463
357
9
366
7
Gross Receipts
49,634
39,129
1,137
40,266
8
Real Estate Taxes
423
854
9
10
City of Pittsburgh Payroll Tax
636
308
11
408.1
Total
L 1 ro L 9
$
1,165
$ 60,189
$
$
1,073
47,165
GROSS RECEIPT TAX PRO FORMA AT PRESENT RATES
12
Revenue From Sales to Customers
13
Uncollectibles
14
15
Customer Assistance Revenue Reduction
Rider 5 Surcharge
16
Net Taxable
17
$ 704,226
(6,191)
(15,518)
(45)
682,472
L 11 to L 14
Tax Rate
18
Gross Receipts Taxes at Present Rates
19
Budget Amount
20
Adjustment
Exhibit 3 FTY 7-30-13
D_16_p1 (A1..N60)
5.90%
40,266
L 15 * L 16
39,129
L 17 - L 18
$
1,137
$
-
$
1,073
854
8
$
1,265
316
$
48,430
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-16
Witness:
O'Brien
Page
2 of 2
Taxes Other Than Income Taxes
[1]
Line
#
Description
[2]
Account
Number
[3]
[4]
FTY
S&W
Adjustment
$
1
Total Payroll Charged to Expense
$
50,200
2
FICA Expense
$
4,313
3
FICA Expense - Percent
4
Pro Forma FICA Expense on Pro Forma
5
FUTA Expense
6
FUTA Expense - Percent
7
Pro Forma FUTA Expense on Pro Form
8
SUTA Expense
9
SUTA Expense - Percent
10
Pro Forma SUTA Expense on Pro Form
11
City of Pittsburgh Payroll Tax Expense
12
SUI Expense - Percent
13
Pro Forma SUI Expense on Pro Forma
14
Pro Forma Adjustment
Exhibit 3 FTY 7-30-13
D_16_p2 (A61..N120)
8.59%
L2/L1
[5]
Increase
in Payroll
Taxes
1,286
8.59%
$
[4]L1*L3
$
38
0.08%
L5/L1
0.08%
1
[4]L1*L6
$
357
0.71%
L8/L1
0.71%
9
[4]L1*L9
$
L 11 / L 1
308
0.61%
0.61%
8
[ 4 ] L 1 * L 12
L 4 to L 13
110
$
128
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-17
Witness:
O'Brien
Page
1 of 3
Depreciation and Annualization Expense Adjustment
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
[1]
[2]
Account
Number
Current
Depreciation
Rate
301
302
303
Sum L 1 to L 3
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
[ 11 ]
Depreciation Expense for Month of
Apr-13
[A]
$
318
318
May-13
[A]
$
318
318
Jun-13
[A]
$
317
317
Jul-13
[A]
$
[ 12 ]
[ 13 ]
[ 14 ]
[ 15 ]
[ 16 ]
Feb-14
[A]
Mar-14
[A]
Total
Sum [3] to [14]
Annualized
[B]
Depreciation Expense for Month of
Aug-13
[A]
318
318
$
318
318
Sep-13
[A]
$
317
317
Oct-13
[A]
$
318
318
Nov-13
[A]
$
318
318
Dec-13
[A]
$
317
317
Jan-14
[A]
$
512
512
$
512
512
$
512
512
$
4,395
4,395
$
6,144
6,144
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
49
944
90
64
124
101
144
3
-
49
950
91
65
125
101
145
3
-
49
955
93
67
126
102
146
3
-
49
960
94
68
127
102
147
3
-
49
965
96
69
128
103
147
3
-
49
970
97
70
129
103
148
3
-
49
976
99
72
130
104
149
3
-
49
981
100
73
132
104
149
3
-
49
986
102
74
133
104
150
3
-
49
990
103
75
134
105
150
3
-
49
993
103
75
134
105
150
3
-
49
996
103
75
135
105
150
3
-
586
11,666
1,169
847
1,556
1,238
1,777
39
-
582
11,781
1,289
893
1,578
1,252
1,801
39
-
1,519
1,529
1,540
1,550
1,560
1,570
1,581
1,591
1,601
1,608
1,612
1,616
18,877
19,215
123
890
665
831
159
561
855
125
509
28
87
123
891
668
832
159
562
862
125
509
28
87
123
893
672
835
160
563
867
125
510
28
87
123
893
675
839
161
565
873
126
510
28
87
123
894
678
842
162
566
879
126
510
28
87
123
894
681
845
163
567
884
126
511
28
87
123
894
684
847
164
570
888
127
511
28
87
123
895
686
850
165
572
892
127
511
28
87
123
897
689
856
166
573
897
127
511
28
87
123
899
693
862
167
575
901
127
512
28
87
123
899
696
864
168
577
905
127
512
28
87
123
903
700
866
169
577
909
128
512
28
87
1,476
10,741
8,188
10,170
1,963
6,830
10,610
1,516
6,129
340
1,049
1,447
10,506
8,495
10,369
1,995
6,825
10,706
1,627
6,300
197
956
Sum L 26 to L 39
4,834
4,848
4,864
4,881
4,897
4,910
4,923
4,936
4,955
4,975
4,987
5,003
59,012
59,423
GENERAL PLANT
41
Land and land rights
389
42
Structures, Improvements
390
43
Leasehold Improvements
44
Office furniture
391.1
45
Office furniture - Combined for FTY
391.1
46
Office equipment
391.2
47
Office equipment - Combined for FTY
391.2
48
Transportation equipment
392
49
Store equipment
393
50
Store equipment - Combined for FTY
393
51
Tools, shop and garage equipment
394
52
Tools, shop and garage equipment - Combined
394
53
Laboratory equipment
395
54
Laboratory equipment - Combined for FTY
395
55
Power operated equipment
396
56
Electric communications equipment
397
57
Electric communications equipment - Combined
397
58
Miscellaneous equipment
398
59
Miscellaneous equipment - Combined for FTY
398
60
TOTAL GENERAL
Sum L 41 to L 59
268
36
33
32
1
58
318
7
4
51
26
17
17
9
326
133
2
1
1,338
261
37
34
32
2
58
318
7
4
52
26
17
17
9
326
133
2
1
1,335
266
36
34
32
3
58
319
7
4
52
26
17
17
9
328
133
2
1
1,343
272
37
34
32
4
58
301
7
4
52
26
17
17
9
330
133
2
1
1,334
277
36
34
32
4
58
318
7
4
52
26
17
17
10
331
133
2
1
1,358
283
37
34
32
5
58
328
7
4
52
26
17
17
9
333
133
2
1
1,376
288
36
34
32
5
58
338
7
4
52
26
17
17
9
334
133
2
1
1,393
294
37
34
32
6
58
347
7
4
52
26
17
17
9
336
133
2
1
1,410
299
36
33
32
7
58
357
7
4
51
26
16
17
9
340
133
2
1
1,427
305
36
32
32
8
58
357
7
4
50
26
15
17
10
344
133
2
1
1,436
310
37
32
32
9
58
358
7
4
50
26
15
17
9
346
133
2
1
1,444
316
36
32
33
9
55
360
7
9
50
23
15
15
9
347
130
2
5
1,452
3,438
437
397
385
61
693
4,019
84
53
613
309
196
202
110
4,021
1,593
19
16
16,646
3,748
432
125
385
859
693
4,320
82
53
605
309
169
202
108
4,128
1,593
19
16
17,846
8,009
8,030
8,063
8,083
8,133
8,173
8,215
8,256
8,300
8,531
8,555
8,583
98,931
102,628
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26
Land and land rights
27
Structures, Improvements
28
Station Equipment
29
Storage Battery Equipment
30
Poles, Towers and Fixtures
31
Overhead Conductors and Devices
32
Underground Conduit
33
Underground Conductors and Devices
34
Line Transformers
35
Services
36
Meters
37
Meter Communications Equipment
38
Leased Property On Customers Premises
39
Street Lighting and Signaling Systems
40
61
TOTAL DISTRIBUTION PLANT
310
311
316
Sum L 5 to L 7
340
341
346
350
352
353
354
355
356
357
358
359
359.1
Sum L 14 to L 24
360
361
362
363
364
365
366
367
368
369
370
370.1
372
373
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
62
Closed Plant Not Classified
106
63
TOTAL PLANT IN SERVICE
L 61 + L 62
$
8,009
$
[A]
Average Monthly Plant Balance From Section 2, Schedule 2 Times Depreciation Rate in Column [ 2 ]
[B]
Plant Balance at 4-30-15 Times Depreciation Rate in Column [ 2 ]
Exhibit 3 FTY 7-30-13
D_17_p1 (A1..AJ100)
8,030
$
8,063
$
8,083
$
8,133
$
8,173
$
8,215
$
8,256
$
8,300
$
8,531
$
8,555
$
8,583
$
98,931
$
102,628
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-17
Witness:
O'Brien
Page
2 of 3
Depreciation and Annualization Expense Adjustment
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26
Land and land rights
27
Structures, Improvements
28
Station Equipment
29
Storage Battery Equipment
30
Poles, Towers and Fixtures
31
Overhead Conductors and Devices
32
Underground Conduit
33
Underground Conductors and Devices
34
Line Transformers
35
Services
36
Meters
37
Meter Communications Equipment
38
Leased Property On Customers Premises
39
Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
[1]
[2]
Account
Number
Current
Depreciation
Rate
Apr-13
302
303
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
[ 11 ]
Amortization Expense for Month of
$
301
0.1206
Sum L 1 to L 3
May-13
-
$
Jun-13
-
$
Jul-13
-
$
[ 12 ]
[ 13 ]
[ 14 ]
[ 15 ]
[ 16 ]
Feb-14
Mar-14
Total
Annualized
Amortization Expense for Month of
Aug-13
-
$
Sep-13
-
$
Oct-13
-
$
Nov-13
-
$
Dec-13
-
$
Jan-14
-
$
-
$
-
$
-
$
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6
1,058
452
203
843
(12)
(59)
-
310
311
316
Sum L 5 to L 7
340
341
346
350
352
353
354
355
356
357
358
359
0.0327
0.0306
0.0222
0.0213
0.0187
0.0187
0.0169
0.0312
-
Sum L 14 to L 24
360
361
362
0.00000
0.02470
0.02440
363
364
365
366
367
368
369
370
370.1
0.02150
0.02300
0.01870
0.02220
0.03074
0.01690
0.03090
0.00220
372
373
-
-
-
-
-
-
-
-
-
-
-
-
-
6
1,058
452
203
843
(12)
(59)
-
208
207
208
207
208
207
208
207
208
207
208
207
2,491
2,491
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
10
102
190
20
3
34
70
137
2
9
10
102
190
20
3
34
70
137
3
9
124
1,224
2,276
234
36
409
838
1,648
30
108
577
578
577
578
577
578
577
578
577
578
577
578
6,927
124
1,224
2,276
234
36
409
838
1,648
30
108
6,927
584
31
7
622
10,040
1
88
38
17
70
(1)
(5)
359.1
0.02970
Sum L 26 to L 39
GENERAL PLANT
41
Land and land rights
389
42
Structures, Improvements
390
43
Leasehold Improvements
44
Office furniture
391.1
45
Office furniture - Combined for FTY
391.1
46
Office equipment
391.2
47
Office equipment - Combined for FTY
391.2
48
Transportation equipment
392
49
Store equipment
393
50
Store equipment - Combined for FTY
393
51
Tools, shop and garage equipment
394
52
Tools, shop and garage equipment - Combined
394
53
Laboratory equipment
395
54
Laboratory equipment - Combined for FTY
395
55
Power operated equipment
396
56
Electric communications equipment
397
57
Electric communications equipment - Combined
397
58
Miscellaneous equipment
398
59
Miscellaneous equipment - Combined for FTY
398
60
TOTAL GENERAL
Sum L 41 to L 59
61
[3]
0.03540
0.19680
0.05000
0.17140
0.20000
0.07293
0.04400
0.03330
0.05360
0.04000
0.07380
0.05000
0.03417
0.08200
0.06670
0.04840
0.05000
-
1
88
38
17
70
(1)
(5)
-
-
1
88
38
17
70
(1)
(5)
88
38
17
70
(1)
(5)
-
-
1
88
38
17
70
(1)
(5)
88
38
17
70
(1)
(5)
-
-
1
88
38
17
70
(1)
(5)
88
38
17
70
(1)
(5)
-
-
1
88
38
17
70
(1)
(5)
88
38
17
70
(1)
(5)
88
38
17
70
(1)
(5)
51
53
51
53
51
53
51
53
52
53
52
53
584
31
7
622
836
838
836
838
836
838
836
838
837
838
837
838
10,040
49
49
-
49
2
49
3
-
SUB-TOTAL
88
38
17
70
(1)
(5)
2
1
49
3
-
-
49
-
2
1
49
3
-
-
49
-
2
1
49
3
-
-
49
-
3
1
49
3
-
-
49
-
2
-
3
1
1
-
1
-
-
( L 4 + L 13 + L 25 L 40 + L 60 )
62
Closed Plant Not Classified
63
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
D_17_p2 (A101..AJ200)
106
L 61 + L 62
$
836
$
838
$
836
$
838
$
836
$
838
$
836
$
838
$
837
$
838
$
837
$
838
$
10,040
$
10,040
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
D-17
Witness:
O'Brien
Page
3 of 3
Depreciation and Annualization Expense Adjustment
Line
#
Description
INTANGIBLE PLANT
1
Organization
2
Franchise & Consent
3
Miscellaneous Intangible Plant
4
TOTAL INTANGIBLE
PRODUCTION PLANT
5
Land and land rights
6
Structures, Improvements
7
Misc. Power Plan equipment
8
TOTAL PRODUCTION PLANT
[1]
[2]
Account
Number
Current
Depreciation
Rate
301
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[ 10 ]
[ 11 ]
Depreciation and Amortization Expense for Month of
Apr-13
$
302
303
Sum L 1 to L 3
318
318
May-13
$
318
318
Jun-13
$
317
317
Jul-13
$
Aug-13
318
318
[ 12 ]
[ 13 ]
[ 14 ]
[ 15 ]
[ 16 ]
Mar-14
Total
Annualized
Depreciation and Amortization Expense for Month of
$
318
318
Sep-13
$
317
317
Oct-13
$
318
318
Nov-13
$
318
318
Dec-13
$
317
317
Jan-14
$
512
512
Feb-14
$
512
512
$
512
512
$
4,395
4,395
$
6,144
6,144
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sum L 9 to L 11
-
-
-
-
-
-
-
-
-
-
-
-
-
-
( L 8 + L 12)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
350
50
1,033
127
81
194
100
139
3
-
49
1,038
129
82
195
100
140
3
-
50
1,043
130
83
196
101
141
3
-
49
1,048
132
85
197
101
142
3
-
50
1,053
133
86
198
102
142
3
-
49
1,059
135
87
200
102
143
3
-
50
1,064
136
89
201
103
144
3
-
49
1,069
138
90
202
103
144
3
-
50
1,074
139
91
203
103
145
3
-
49
1,078
140
92
204
104
146
3
-
50
1,081
141
92
204
104
146
3
-
49
1,084
141
92
205
104
146
3
-
592
12,724
1,621
1,050
2,399
1,226
1,718
39
-
588
12,839
1,741
1,096
2,421
1,240
1,742
39
-
1,727
1,736
1,748
1,757
1,768
1,777
1,789
1,798
1,809
1,815
1,820
1,823
21,368
21,706
133
992
855
850
162
595
925
262
511
28
96
133
993
858
852
162
596
931
262
512
28
96
133
995
861
855
163
598
937
263
512
28
96
133
995
865
858
164
599
943
263
513
28
96
133
996
868
862
165
600
948
263
512
28
96
133
996
871
864
166
602
953
264
514
28
96
133
996
873
867
167
604
958
264
513
28
96
133
997
876
869
168
606
962
264
514
28
96
133
999
879
875
169
608
966
264
513
28
96
133
1,001
883
882
170
609
971
265
515
28
96
133
1,001
886
883
171
611
974
265
514
28
96
133
1,005
889
886
172
611
979
265
515
28
96
1,600
11,965
10,464
10,404
1,999
7,239
11,448
3,164
6,159
340
1,157
1,571
11,730
10,771
10,603
2,031
7,234
11,544
3,275
6,330
197
1,064
Sum L 26 to L 39
5,411
5,425
5,441
5,459
5,473
5,488
5,500
5,514
5,532
5,553
5,563
5,580
65,939
66,350
GENERAL PLANT
41
Land and land rights
389
42
Structures, Improvements
390
43
Leasehold Improvements
44
Office furniture
391.1
45
Office furniture - Combined for FTY
391.1
46
Office equipment
391.2
47
Office equipment - Combined for FTY
391.2
48
Transportation equipment
392
49
Store equipment
393
50
Store equipment - Combined for FTY
393
51
Tools, shop and garage equipment
394
52
Tools, shop and garage equipment - Combined
394
53
Laboratory equipment
395
54
Laboratory equipment - Combined for FTY
395
55
Power operated equipment
396
56
Electric communications equipment
397
57
Electric communications equipment - Combined
397
58
Miscellaneous equipment
398
59
Miscellaneous equipment - Combined for FTY
398
60
TOTAL GENERAL
Sum L 41 to L 59
317
36
33
32
1
58
320
7
4
51
26
17
17
9
326
133
2
1
1,389
309
37
34
32
2
58
321
7
4
52
26
17
17
10
326
133
2
1
1,387
315
36
34
32
3
58
321
7
4
52
26
17
17
9
328
133
2
1
1,393
320
37
34
32
4
58
304
7
4
52
26
17
17
10
330
133
2
1
1,386
326
36
34
32
4
58
320
7
4
52
26
17
17
10
331
133
2
1
1,409
331
37
34
32
5
58
331
7
4
52
26
17
17
10
333
133
2
1
1,429
337
36
34
32
5
58
340
7
4
52
26
17
17
9
334
133
2
1
1,443
342
37
34
32
6
58
350
7
4
52
26
17
17
10
336
133
2
1
1,463
348
36
33
32
7
58
360
7
4
51
26
16
17
9
340
133
2
1
1,479
353
36
32
32
8
58
360
7
4
50
26
15
17
11
344
133
2
1
1,488
359
37
32
32
9
58
360
7
4
50
26
15
17
10
346
133
2
1
1,496
364
36
32
33
9
55
363
7
9
50
23
15
15
10
347
130
1
5
1,504
4,022
437
397
385
61
693
4,050
84
53
613
309
196
202
117
4,021
1,593
19
16
17,268
4,332
432
125
385
859
693
4,351
82
53
605
309
169
202
115
4,128
1,593
19
16
18,468
8,845
8,867
8,899
8,920
8,969
9,011
9,050
9,093
9,137
9,368
9,392
9,420
108,971
112,668
STORAGE PLANT
9
Land and land rights
10
Structures, Improvements
11
Misc Power Plant Equipment
12
STORAGE EQUIPMENT
13
TOTAL PRODUCTION PLANT
TRANSMISSION PLANT
14
Land and land rights
15
Structures, Improvements
16
Station Equipment
17
Towers and Fixtures
18
Poles and Fixtures
19
Overhead Conductors & Devices
20
Underground Conduit
21
Underground Conductors & Devices
22
Road and Trails
23
Asset Retirement Costs
24
Other Transmission Plant
25
TOTAL TRANSMISSION PLANT
DISTRIBUTION PLANT
26
Land and land rights
27
Structures, Improvements
28
Station Equipment
29
Storage Battery Equipment
30
Poles, Towers and Fixtures
31
Overhead Conductors and Devices
32
Underground Conduit
33
Underground Conductors and Devices
34
Line Transformers
35
Services
36
Meters
37
Meter Communications Equipment
38
Leased Property On Customers Premises
39
Street Lighting and Signaling Systems
40
TOTAL DISTRIBUTION PLANT
61
310
311
316
Sum L 5 to L 7
340
341
346
352
353
354
355
356
357
358
359
359.1
Sum L 14 to L 24
360
361
362
363
364
365
366
367
368
369
370
370.1
372
373
SUB-TOTAL
( L 4 + L 13 + L 25 L 40 + L 60 )
62
Closed Plant Not Classified
63
TOTAL PLANT IN SERVICE
Exhibit 3 FTY 7-30-13
D_17_p3 (A201..AJ300)
L 61 + L 62
$
8,845
$
8,867
$
8,899
$
8,920
$
8,969
$
9,011
$
9,050
$
9,093
$
9,137
$
9,368
$
9,392
$
9,420
$
108,971
$
112,668
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
Schedule
Witness:
Page
D-18
Simpson/O'Brien
1 of 3
[4]
Total
Company
Incr (Decr)
[5]
Pro Forma
FTY At
Rev Req
[3]+[4]
Income Tax Expense at Present Rates - Total Company
Line
#
1
2
3
4
5
6
7
Description
Revenue
Operating Expenses
OIBIT
Interest Expense
Rate Base
Weighted Cost of Debt
Synchronized Interest Expense
Base Taxable Income
7a
7b
7c
8
9
10
11
Tax Basis Repairs Net of Losses
Sec. 263A Deductions
COR Reduction
Total State Tax Depreciation
Pro Forma Book Depreciation
State Tax Deducts (Over) Under Book
State Taxable Income
12
State Income Tax
12a
12b
12c
13
14
15
16
Tax Basis Repairs Net of Losses
Sec. 263A Deductions
COR Reduction
Total Federal Tax Depreciation
Pro Forma Book Depreciation
Federal Tax Deducts (Over) Under Book
Federal Taxable Income
[1]
Factor
Or
Reference
[2]
Element
Or
Amount
[3]
Pro Forma
FTY At
Present Rates
$
L1+L2
721,578
(495,197)
226,381
$
26,511
(1,836)
24,675
$
748,089
(497,033)
251,056
$ 1,931,768
0.02230
(43,078)
183,303
L4*L5
L3+L6
24,675
(43,078)
207,978
(31,553)
(7,636)
$
(31,553)
(7,636)
93,683
112,668
L9-L8
L 7 + L 10
$
18,985
163,099
$
24,675
$
18,985
187,775
$
(16,294)
$
(2,465)
$
(18,759)
0
9.99%
-L 11 * Rate [ 2 ]
(31,553)
(7,636)
$
(31,553)
(7,636)
141,087
112,668
L 14 - L 13
L 7 + L 12 + L 15
(28,419)
99,402
22,210
(28,419)
121,612
(34,791)
(51,085)
(7,774)
(10,239)
(42,564)
(61,323)
0
17
18
19
20
21
22
Federal Income Tax Expense
-L 16 * Rate [ 2 ]
Total Tax Expense before Deferred Income Tax
L 12 + L 17
Deferred Federal Income Taxes
Normalized Book/Tax Basis Adjustments
Normalized S/L Book on Tax Depreciation
Total Tax Depreciation
Net Deferred Tax Expense
L 20 - L 21
23
Deferred Federal Taxable Income
24
Federal Income Tax Expense
25
26
27
Net Income Tax Expense
Other Tax Adjustments
Amortization of Investment Tax Credit
Consolidated Income Tax Offset
35.00%
34,116
$
47,035
$
L 19 to L 22
[2]=[3] -L23 / L22
34,116
92,448
139,482
34.81%
L 18 + L 24
81,151
$
-
47,035
$
(28,245)
-
(28,245)
(79,329)
(10,239)
(89,568)
-
Fully Amortized
Negative
81,151
-
28
Combined Income Tax Expense
L 25 to L 27
$
(79,329)
$
(10,239)
$
(89,568)
29
30
31
State Income Tax Expense
Federal Income Tax Expense
Total Income Tax Expense
L 12
$
2,465
7,774
10,239
$
$
16,294
63,036
79,329
$
L 17 + L 24
L 29 + L 30
18,759
70,809
89,568
Exhibit 3 FTY 7-30-13
D_18_p1 (A1..N61)
$
$
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Future Test Year - 12 Months Ended March 31, 2014
($ in Thousands)
TAX DEPRECIATION
Line
#
Description
# of months in FPFTY
[1]
Factor or
Reference
1
2
3
FEDERAL & STATE - Tax Basis Repairs Net of Losses
---Transmission Plant
---Distribution Plant
Total
4
5
6
FEDERAL & STATE - Sec 263A Deduction
---Transmission Plant
---Distribution Plant
Total
7
8
9
FEDERAL & STATE - Cost of Removal
---Transmission Plant
---Distribution Plant
Total
10
11
12
STATE - Total Tax Depreciation
---Transmission Plant
---Distribution Plant
Total
13
14
15
FEDERAL - Total Tax Depreciation
---Transmission Plant
---Distribution Plant
Total
16
17
18
FEDERAL for Deferral - S/L Book on Tax Normalized
---Transmission Plant
---Distribution Plant
Total
19
20
21
FEDERAL for Deferral - Normalized Basis Adjustment
---Transmission Plant
---Distribution Plant
Total
22
23
24
FEDERAL for Deferral - Accelerated Tax Depreciation
---Transmission Plant
---Distribution Plant
Total
25
26
27
FEDERAL - Deferred Tax Expense
---Transmission Plant
---Distribution Plant
Total
28
29
30
Deferred Income Taxes -- Account # 282
---Transmission Plant
---Distribution Plant
Total
Exhibit 3 FTY 7-30-13
D_18_p2 (A62..N129)
[2]
9 Months in
2013
9
$
$
$
$
$
$
$
$
$
$
1,107
21,930
-
912
4,157
19,223
46,034
38,768
77,826
16,526
51,411
3,250
21,930
38,200
77,188
8,584
16,454
-
Schedule
Witness:
Page
[3]
3 Months in
2014
3
$
$
$
$
$
$
$
$
$
$
132
8,384
-
542
2,026
7,252
21,174
6,023
18,471
5,745
18,767
553
8,384
5,931
18,164
558
2,649
-
[4]
Total FTY
3/31/13
$
$
$
$
$
$
$
$
$
$
D-18
Simpson/O'Brien
2 of 3
[5]
Amount To
Tax Calc
1,239
30,314
$
31,553
$
-
$
7,636
$
93,683
$
141,087
$
92,448
$
34,116
$
139,482
$
28,245
$
469,029
-
1,454
6,182
26,475
67,208
44,790
96,297
22,270
70,178
3,802
30,314
44,131
95,352
9,142
19,103
ADIT
104,024
365,005
Duquesne Light Company
Before The Pennsylvania Public Utility Commission
Fully Projected Future Test Year - 12 Months Ended April 30, 2015
($ in Thousands)
GROSS REVENUE CONVERSION FACTOR
Line
#
Description
Schedule
Witness:
Page
[1]
[2]
[3]
Reference
Or
Factor
Tax Rate
Factor
GROSS REVENUE CONVERSION FACTOR
1
GROSS REVENUE FACTOR
2
UNCOLLECTIBLE EXPENSES
3
NET AFTER UNCOLLECTIBLE COMPONENT
1.000000
(0.008800)
0.991200
L1+L2
4
GROSS RECEIPTS TAXES
5
PUC / OCA & SBA Assessment as a % of Revenue
6
NET REVENUES
7
STATE INCOME TAXES
8
FACTOR AFTER STATE TAXES
9
FEDERAL INCOME TAXES
10
NET OPERATING INCOME FACTOR
L8+L9
11
GROSS REVENUE CONVERSION FACTOR
1 / L 10
12
INCOME TAX FACTOR -- GROSS REVENUE
-L 7 - L 9
[ 3 ] L 3 * Rate [ 2 ]
-5.900%
(0.058481)
(0.001461)
0.931258
Sum L 3 to L 5
[ 3 ] L 6 * Rate [ 2 ]
9.990%
0.838225
L6+L7
[ 3 ] L 8 * Rate [ 2 ]
(0.093033)
35.000%
(0.293379)
0.544846
1.835381
38.641%
GROSS REVENUE CONVERSION FACTOR
13
GROSS REVENUE FACTOR
14
STATE INCOME TAXES
15
FACTOR AFTER STATE TAXES
16
FEDERAL INCOME TAXES
17
NET OPERATING INCOME FACTOR
18
GROSS REVENUE CONVERSION FACTOR
19
Combined Income Tax Factor On Taxable Incom
Exhibit 3 FTY 7-30-13
D_18_p3 (A130..N189)
1.000000
[ 3 ] L 13 * Rate [ 2 ]
9.990%
0.900100
L 13 + L 14
[ 3 ] L 15 * Rate [ 2 ]
L 15 + L 16
1 / L 17
-L 14 - L 16
(0.099900)
35.000%
(0.315035)
0.585065
1.709212
41.494%
D-18
Simpson/O'Brien
3 of 3