20VAC5-201 Rules Governing Utility Rate Increase Applications, Annual Informational Filings, Optional Performance-Based Regulation Applications, Biennial Review

REGULATIONS
Vol. 25 Iss. 9 - January 05, 2009

TITLE 20. PUBLIC UTILITIES AND TELECOMMUNICATIONS

STATE CORPORATION COMMISSION

Chapter 201

Final Regulation

REGISTRAR'S NOTICE: The State Corporation Commission is exempt from the Administrative Process Act in accordance with § 2.2-4002 A 2 of the Code of Virginia, which exempts courts, any agency of the Supreme Court, and any agency that by the Constitution is expressly granted any of the powers of a court of record.

Titles of Regulations: 20VAC5-200. Public Utility Accounting (repealing 20VAC5-200-30).

20VAC5-201. Rules Governing Utility Rate Increase Applications, Annual Informational Filings, Optional Performance-Based Regulation Applications, Biennial Review (adding 20VAC5-201-10 through 20VAC5-201-110).

20VAC5-403. Rules Governing Small Investor-Owned Telephone Utilities (amending 20VAC5-403-70).

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

Effective Date: January 1, 2009.

Agency Contact: Kimberly B. Pate, Audits Manager, Public Utility Accounting Division, State Corporation Commission, P.O. Box 1197, Richmond, VA 23218, telephone (804) 371-9961, FAX (804) 371-9447, or email kim.pate@scc.virginia.gov.

Summary:

Based primarily on legislative changes contained in Chapter 933 of the 2007 Acts of Assembly, the commission has repealed its existing Rate Case Rules in 20VAC5-200-30, and promulgated revised Rate Case Rules in a new Chapter 201 in Title 20 of the Virginia Administrative Code, consisting of 20VAC5-201-10 through 20VAC5-201-110. These final rules adopted by the commission include the following: (i) new general filing requirements; (ii) requirements for optional performance-based rate regulation, biennial reviews and rate adjustment clauses; and (iii) refinement of general and expedited rate case requirements, annual informational filing requirements, temporary increase requirements and fuel factor requirements. Modifications to the initial, proposed rules now included in the final rules consist primarily of (i) technical changes and corrections, e.g., amendments to cross-references, etc., and (ii) minor changes to certain rules that did not modify their overall substance.

AT RICHMOND, JANUARY 29, 2008

COMMONWEALTH OF VIRGINIA

At the relation of the

STATE CORPORATION COMMISSION

CASE NO. PUE-2008-00001

Ex Parte: In the matter of revising
the rules of the State Corporation Commission
governing utility rate increase applications
pursuant to Chapter 933
of the 2007 Acts of Assembly

ORDER ADOPTING REGULATIONS

On January 29, 2008, the State Corporation Commission ("Commission") entered an Order for Notice and Comment in this docket ("Order") establishing a proceeding to revise the Commission's Rules Governing Utility Rate Applications and Annual Informational Filings, ("Rate Case Rules").¹ Draft revisions to the Rate Case Rules ("Proposed Rules") prepared by the Commission Staff ("Staff") were appended to the Order.

The Order permitted interested persons to submit on or before April 14, 2008 (i) comments concerning the Proposed Rules; (ii) notices of participation under our rules (for those intending to participate in this proceeding as respondents); and (iii) requests, by respondents, for oral argument concerning the draft rules. The Order further required the Staff to file on or before May 9, 2008, a report with the Clerk of the Commission concerning the comments submitted to the Commission ("Staff Report").

Comments concerning the Proposed Rules were timely received from (i) the Virginia Electric and Power Company d/b/a Dominion Virginia Power ("DVP"); (ii) Appalachian Power Company ("Appalachian"); (iii) the Potomac Edison Company d/b/a Allegheny Power ("Allegheny"); (iv) Kentucky Utilities d/b/a Old Dominion Power Company; (v) Columbia Gas of Virginia; Roanoke Gas Company; Virginia Natural Gas; Washington Gas Light Company; Aqua Virginia, Inc.; Massanutten Public Service Company; Virginia American Water Company; Atmos Energy Corporation ("Joint Respondents");² (vi) the Office of the Attorney General, Division of Consumer Counsel ("Consumer Counsel"); and (vii) the Virginia Committee for Fair Utility Rates and the Old Dominion Committee for Fair Utility Rates (filing jointly, hereafter "the Committees").

Thereafter, on May 1, 2008, the Commission, on Staff's motion, entered an Order extending the filing deadline for the Staff Report in this docket from May 9, 2008, to July 15, 2008. Additionally, such Order permitted interested parties and respondents that filed initial comments in this proceeding on or before April 14, 2008, an opportunity to file comments on or before August 15, 2008, replying to the Staff's Report, and, if desired, to the initial comments of any other interested party or respondent. Finally, the Commission's May 1, 2008 Order scheduled oral argument in this docket on September 16, 2008, in response to requests therefor from participants in this proceeding.

The Staff filed its Staff Report in this docket on July 15, 2008. Thereafter, reply comments in response to the Staff Report or in response to the initial comments of other participants in this docket were timely filed by all participants who filed initial comments.

On September 16, 2008, the Commission received oral argument on the proposed rules.³ The Commission's Staff and the following parties participated: DVP, Appalachian, Allegheny, Joint Respondents, Consumer Counsel, and the Committees. At the conclusion of the oral argument, the Commission established a 30‑day interval in which the parties were permitted to submit additional information to the Commission concerning any consensus reached among the parties regarding any issue then remaining in contention. On October 20, 2008, DVP filed additional comments.

NOW UPON CONSIDERATION of the comments filed herein together with the representations and advisements of counsel at the oral argument, we find that we should adopt the rules appended hereto as Attachment A, effective January 1, 2009.

The regulations we adopt herein contain a number of modifications to those that were first proposed by the Commission Staff and published in the Virginia Register on February 18, 2008. These modifications follow our consideration of further proposed changes made to those rules by the Staff prior to (and contemporaneous with) the September 16, 2008, hearing in this docket, other changes suggested by the parties at the hearing, and our analysis of the entire record in this proceeding. We will not comment on each rule in detail, but we will comment on several of them.

First, we note that DVP and others suggested that the "60 day prior notice" requirement expressed in 20 VAC 5‑201‑10 A could practically impede utilities' ability to obtain rate relief on January 1, 2009—the day following the expiration of capped electric rates and the first date on which many of the ratemaking provisions in § 56-585.1 of the Code of Virginia ("Code") (in the case of investor-owned electric utilities) become available. While we will retain the 60 day notice requirement in this rule, we emphasize that 20 VAC 5-201-10 E permits the Commission to grant waivers of these rules for good cause shown. However, the Commission would urge those intending to seek such waivers to request them as soon as possible. Further, prior to the implementation of these rules, rate case applicants should provide notice of intent to file such applications in a timely manner.

Second, we address an issue given much consideration in the parties' comments and at the hearing, namely the provisions of draft rule 20 VAC 5-201-10 C. This provision has antecedents in our current rules, and operates to preclude parties from raising in the context of earnings test filings made pursuant to these rules, issues previously decided by Commission Order in an applicant's most recent rate case. While we note that (i) Staff reiterated its technical concerns about including a provision directed at potential, future case participants in rules governing rate case applicants, and (ii) the Committees' more general opposition to the presence of a rule effecting issue preclusion, we will retain this provision in the rules we adopt herein. However, as suggested by the Joint Respondents, we have modified this provision to clarify that it is applicable to the earnings test components of general and expedited rate cases.

Third, we consider the requirement expressed in 20 VAC 5-201-10 D that applications filed pursuant to these rules shall not be deemed filed under Chapters 10 or 23 of Title 56 of the Code "unless they are in full compliance with these rules." AEP and Allegheny raised concerns about the "full compliance" requirement on the basis that delay in processing rate applications could result from the operation of this language. Indeed, both parties suggested that the Commission establish a "substantial" or "material" compliance threshold. However, the rules we adopt herein retain the "full compliance" language because it is the standard contained in our current rate case rules and we are not aware of any practical difficulties resulting from its incorporation into those rules in 1999. We conclude, therefore, that the Staff's issuances of memoranda of completeness in these cases as required by Rule 160 of the Commission's Rules of Practice and Procedure (5 VAC 5‑20‑160) has, to date, been accomplished with dispatch and reasonableness. We would expect such practice to continue hereafter, and so the rules we adopt herein will retain the "full compliance" requirement expressed in 20 VAC 5‑201‑10 D.

Fourth, Consumer Counsel requested that rule 20 VAC 5-201-10 F be modified to provide to Consumer Counsel immediate access to information deemed to be confidential by the applicant. We adopt the rule as proposed; however, we encourage applicants and parties to utilize, to the fullest extent possible, protective orders which should operate to provide confidential information to rate case participants in a timely manner.

Fifth, the parties, Staff and the Commission discussed at the oral argument the requirement in 20 VAC 5‑201‑10 H of the draft rules that applicants furnish certain schedules in Microsoft Excel format. While all acknowledged that Excel is currently an industry standard for electronic spreadsheets, such standards change over time—sometimes quickly—and thus specifying a proprietary product in our rules may not be appropriate. Consequently, we have modified this rule to simply provide that the electronic spreadsheet format utilized by applicants be "commercially available and have common use in the utility industry."

Sixth, the Joint Respondents proposed to delete the word "historic" from 20 VAC 5‑201‑20 B. We will retain such term in this rule. The use of a historic test year provides basic information concerning an applicant's cost of service which can be adjusted based on projections as allowed per § 56‑235.2 of the Code.

Seventh, the Joint Respondents expressed objections in both filed comments, and at the oral argument to the provisions of 20 VAC 5‑201‑40 A, requiring that all rate schedules be filed by applicants seeking the Commission's approval of a Performance Based Regulation ("PBR") plan pursuant to these rules. As the basis for their objection, they assert that the provisions of § 56‑235.6 A of the Code authorizing PBRs expressly contemplate a departure from cost-of-service ratemaking, and thus requiring PBR applicants to file cost of service-related schedules is inconsistent with this statute. Joint Respondents also emphasized that § 56‑235.6 B of the Code establishes a "not excessive" benchmark for PBR rates, versus the conventional "just and reasonable" standard associated with conventional cost of service ratemaking under § 56‑235.2 of the Code. We have determined, however, that the filing requirements expressed in 20 VAC 5‑201‑40 A will be retained in the rules we adopt in this proceeding. As noted by the Staff in its comments and at the hearing, the provisions of § 56‑235.6 C (iv) of the Code authorize the Commission to discontinue a PBR if rates are determined to be excessive when compared to cost of service and any benefits that accrue from the PBR. Thus, all schedules must be filed with an applicant's proposed PBR to determine, and thus benchmark, the applicant's cost of service in order to enable the Commission to make a fully informed decision regarding whether rates under the proposed PBR are excessive and to execute the provisions of § 56‑235.6 C (iv) of the Code, if necessary.

Eighth, with respect to the "off-year" filing requirement provided in Subsection C of draft rule 20 VAC 5‑201‑50, we have determined that this requirement is unnecessary, and have eliminated this Subsection. The Commission and its Staff are authorized by § 56‑36 of the Code to obtain all of the information by means of that statutory authority, and it is because of that specific statutory authority that Subsection C is deemed unnecessary at this time. We expect that all utilities will respond to Staff's request for information in a timely manner.

Ninth, 20 VAC 5‑201‑90⁴ identifies certain schedules and exhibits required in conjunction with filings made pursuant to these rules, and provides instructions for their preparation. The instructions for Schedule 29, provided in this rule, as proposed by the Staff, requires applicants to furnish certain work papers for earnings test and ratemaking adjustments. Allegheny and the Joint Respondents expressed concern that the requirement in draft paragraph (a) of the instructions for Schedule 29 that applicants provide information concerning "relative FASB statements[s] and Commission precedent[s]" for certain adjustments imposed a burdensome requirement. We have modified such paragraph (a) to require that the purpose of and methodology used for each such adjustment be furnished in narrative form, and that relevant FASB statements and Commission precedents be referenced "if known or available." This change should permit the Staff and parties to obtain the information they need relative to these adjustments while easing concerns utilities may have regarding the burden of furnishing such information.

Tenth, the Joint Respondents proposed a threshold for the expense analysis required in the instructions for Schedule 30. We adopt the proposed rule as modified by Staff at the oral argument noting that while the requirement may entail or necessitate analysis of lesser dollar items for smaller utilities, such smaller dollar items are equally material to the operating and maintenance expenses used to determine cost of service.

Finally, we note two miscellaneous changes to the draft rules. With respect to draft Schedule 46 in the Proposed Rules, we have determined that this requirement has limited future use and have eliminated it from the Proposed Rules. However, any applicant filing for a rate adjustment clause pursuant to § 56‑582 B (vi) or § 56‑585.1 A 5 a of the Code shall provide all significant documents, contracts, studies, investigations or correspondence that support actual costs for each rate adjustment for which the applicant is seeking initial approval. Such information should demonstrate that the costs are incremental and not reflected in previously approved rates.

Additionally, we have eliminated language in paragraph (b) (first reference) in the instructions for draft Schedule 47 in the Proposed Rules (now Schedule 46) that had required in conjunction with rate adjustment clause filings made pursuant to § 56‑585.1 A 6 of the Code, a statement demonstrating that a proposed generating unit is consistent with a least cost integrated resource plan. We have determined that such a statement is not necessary for purposes of these rules.

Accordingly, IT IS ORDERED THAT:

(1) We hereby repeal 5 VAC 5-200-30 and adopt the Rules Governing Utility Rate Applications and Annual Informational Filings to be set forth in a new Chapter 201 (20 VAC 5‑201-10 et seq.) in Title 20 of the Virginia Administrative Code, appended hereto as Attachment A, all to become effective on January 1, 2009.

(2) A copy of this Order and the rules adopted herein shall be forwarded promptly for publication in the Virginia Register of Regulations.

(3) This case is dismissed and the papers herein shall be placed in the filed for ended causes.

Commissioner Dimitri did not participate in this matter.

AN ATTESTED COPY hereof shall be sent by the Clerk of the Commission to all persons on the official Service List in this matter. The Service List is available from the Clerk of the State Corporation Commission, c/o Document Control Center, 1300 East Main Street, First Floor, Tyler Building, Richmond, Virginia 23219.

________________________

¹ In adopting the rules proposed in this proceeding, we repeal former 20 VAC 5-200-30, and establish a new Chapter 201 (20 VAC 5-201-10, et seq.) in Title 20 of the Virginia Administrative Code.

² Columbia Gas of Virginia, Roanoke Gas Company, Virginia Natural Gas, Washington Gas Light Company, Aqua Virginia, Inc., Massanutten Public Service Company; and Virginia American Water Company submitted joint comments. Atmos Energy initially filed a timely notice of participatation without comments, and subsequently joined in the reply comments filed by the Joint Respondents on August 14, 2008.

³ With respect to our September 16, 2008, oral argument in this matter, we note that such argument was focused on several issues concerning which a clear consensus had not emerged among the Staff and various parties. We emphasize, however, that the fact that a particular issue was not addressed or discussed at the hearing does not lessen the extent to which we have considered it. The Commission has carefully considered all the comments filed herein.

⁴ 20 VAC 5-201-90 was previously identified as 20 VAC 5-201-100 in the proposed Rules. This section and subsequent sections were renumbered in the final version of the Rules we adopt herein.

~~20VAC5-200-30. Rules governing utility rate increase applications and annual informational filings.~~ (Repealed.)

CHAPTER 201
RULES GOVERNING UTILITY RATE APPLICATIONS AND ANNUAL INFORMATIONAL FILINGS

20VAC5-201-10. General filing instructions.

A. An applicant shall provide a notice of intent to file an application pursuant to 20VAC5-201-20, 20VAC5-201-40 [ , 20VAC5-201-60 ] and [ ~~20VAC5-201-70~~ 20VAC5-201-85 ] to the commission 60 days prior to the application filing date.

B. Applications pursuant to 20VAC5-201-20 through 20VAC5-201-70 shall include:

1. The name and post office address of the applicant and the name and post office address of its counsel.

2. A full clear statement of the facts that the applicant is prepared to prove by competent evidence.

3. A statement of details of the objective or objectives sought and the legal basis therefore.

4. All direct testimony by which the applicant expects to support the objective or objectives sought.

5. Information or documentation conforming to the following general instructions:

a. Attach a table of contents of the company's application, including exhibits.

b. Each exhibit shall be labeled with the name of the applicant and the initials of the sponsoring witness in the upper right hand corner as shown below:

Exhibit No. (Leave Blank)
Witness: (Initials)
Statement or
Schedule Number

c. The first page of all exhibits shall contain a caption that describes the subject matter of the exhibit.

d. If the accounting and statistical data submitted differ from the books of the applicant, then the applicant shall include in its filing a reconciliation schedule for each account or subaccount that differs, together with an explanation describing the nature of the difference.

e. The required accounting and statistical data shall include all work papers and other information necessary to ensure that the items, statements and schedules are not misleading.

C. These rules do not limit the commission staff or parties from raising issues for commission consideration that have not been addressed in the applicant's filing before the commission. [ Except for good cause shown, issues specifically decided by commission order entered in the applicant's most recent rate case may not be raised by staff or interested parties in Earnings Test Filings made pursuant to 20VAC5-201-10, 20VAC5-201-30 or 20VAC5-201-50. ]

D. An application [ filed pursuant to 20VAC5-201-20, 20VAC5-201-30, 20VAC5-201-40, 20VAC5-201-60, 20VAC5-201-70, 20VAC5-201-80 or 20VAC5-201-85 ] shall not be deemed filed per Chapter 10 (§ 56-232 et seq.) or Chapter 23 (§ 56-576 et seq.) of Title 56 of the Code of Virginia unless it is in full compliance with these rules.

E. The commission may waive any or all parts of these rate case rules for good cause shown.

F. Where a filing contains information that the applicant claims to be confidential, the filing may be made under seal provided it is [ simultaneously ] accompanied by both a motion for protective order or other confidential treatment and an additional five copies of a redacted version of the filing to be available for public disclosure. Unredacted filings containing the confidential information shall, however, be immediately available to the commission staff for internal use at the commission.

G. Filings containing confidential (or redacted) information shall so state on the cover of the filing, and the precise portions of the filing containing such confidential (or redacted) information, including supporting material, shall be clearly marked within the filing.

H. Applicants shall file [ ~~a disk~~ electronic media ] containing [ ~~a Microsoft Excel~~ an electronic spreadsheet ] version of Schedules 1-5, 8-28, 36, 40, and [ 50 49 ] , as applicable, with the Division of Public Utility Accounting, the Division of Economics and Finance and the Division of Energy Regulation or the Division of Communications, as appropriate. [ Such electronic media containing calculations derived from formulas shall be provided in an electronic spreadsheet including all underlying formulas and assumptions. Such electronic spreadsheet shall be commercially available and have common use in the utility industry. ] Additional [ ~~Excel~~ ] versions of such schedules shall be made available to parties upon request.

I. All applications, including direct testimony and Schedules 1-28, 30-39 and [ ~~41-~~ [ 50 41-49 ] , as applicable, shall be filed in an original and 12 copies with the Clerk of the Commission, c/o Document Control Center, P.O. Box 2118, Richmond, Virginia 23218. One copy of Schedules 29 and 40 shall be filed with the Clerk of the Commission. [ Applicants may omit filing Schedule 29 with the Clerk of the Commission in Annual Informational Filings. Additional copies of such schedules shall be made available to parties upon request. ]

Two copies of Schedules 29 and 40 shall be submitted to the Division of Public Utility Accounting or the Division of Communications, as appropriate. Two copies of Schedule 40 shall be submitted to the Division of Energy Regulation.

J. For any application made pursuant to 20VAC5-201-20 and 20VAC5-201-40 through [ ~~20VAC5-201-70~~ 20VAC5-201-85 ] , the applicant shall serve a copy of the information required in 20VAC5-201-10 A and B 1 through B 3, upon the [ ~~Commonwealth's~~ ] attorney and chairman of the board of supervisors of each county (or equivalent officials in the counties having alternate forms of government) in this Commonwealth affected by the proposed increase and upon the mayor or manager and the attorney of every city and town (or equivalent officials in towns and cities having alternate forms of government) in this Commonwealth affected by the proposed increase. The applicant shall also serve each such official with a statement that a copy of the complete application may be obtained at no cost by making a request therefor orally or in writing to a specified company official or location. In addition, the applicant shall serve a copy of its complete application upon the Division of Consumer Counsel of the Office of the Attorney General of Virginia. All such service specified by this rule shall be made either by (i) personal delivery or (ii) first class mail, to the customary place of business or to the residence of the person served.

[ K. Nothing in these rules shall be interpreted to apply to applications for temporary reductions of rates pursuant to § 56‑242 of the Code of Virginia. ]

20VAC5-201-20. General and expedited rate increase applications.

A. An application for a general or expedited rate increase pursuant to Chapter 10 (§ 56-232 et seq.) of Title 56 of the Code of Virginia for a public utility having annual revenues exceeding $1 million, shall conform to the following requirements:

1. Exhibits consisting of Schedules [ ~~1 through 44~~ 1-43 ] and the utility's direct testimony shall be submitted. Such schedules shall be identified with the appropriate schedule number and shall be prepared in accordance with the instructions contained in 20VAC5-201-90.

2. An applicant subject to § 56-585.1 of the Code of Virginia shall file Schedules [ 46 45 ] and [ 49 47 ] in addition to the schedules required in 20VAC5-201-20 A 1 in accordance with the instructions accompanying such schedules in 20VAC5-201-90.

3. An exhibit consisting of additional schedules may be submitted with the utility's direct testimony. Such exhibit shall be identified as Schedule [ 50 49 ] (this exhibit may include numerous [ ~~sub-schedules~~ subschedules ] labeled [ ~~50A~~ 49A ] et seq.).

B. The selection of a historic test period is up to the applicant. However, the use of overlapping test periods will not be allowed.

[ C. Applicants meeting each of the four following criteria may omit Schedules 9-18 in rate applications: (i) the applicant is not subject to § 56-585.1 of the Code of Virginia, (ii) the applicant is not currently bound by a performance-based regulation plan authorized by the commission pursuant to § 56-235.6 of the Code of Virginia that includes an earnings sharing mechanism or other attribute for which the commission has directed the performance of an Earnings Test, (iii) the applicant has no Virginia jurisdictional regulatory assets on its books, and (iv) the applicant is not seeking to establish a regulatory asset. ]

[ C. D. ] If not otherwise constrained by law or regulatory requirements, an applicant who has not experienced a substantial change in circumstances may file an expedited rate application as an alternative to a general rate application. Such application need not propose an increase in regulated operating revenues. If, upon timely consideration of the expedited application and supporting evidence, it appears that a substantial change in circumstances has taken place since the applicant's last rate case, then the commission may take appropriate action, such as directing that the expedited application be dismissed or treated as a general rate application. Prior to public hearing, and subject to applicable provisions of law, an application for expedited rate increase may take effect within 30 days after the date the application is filed. Expedited rate increases may also take effect in less than 12 months after the applicant's preceding rate increase so long as rates are not increased as a result thereof more than once in any calendar year. An applicant making an expedited application shall also comply with the following rules:

1. In computing its cost of capital, as prescribed in Schedule 3 in 20VAC5-201-90, the applicant, other than those utilities subject to § 56-585.1 of the Code of Virginia, shall use the equity return rate approved by the commission and used to determine the revenue [ ~~requirements~~ requirement ] in the utility's most recent rate proceeding.

2. An applicant, in developing its rate of return statement, shall make adjustments to its test period jurisdictional results only in accordance with the instructions [ ~~accompanying~~ for ] Schedule 25 in 20VAC5-201-90.

3. The applicant may propose new allocation methodologies, rate designs and new or revised terms and conditions provided such proposals are supported by appropriate cost studies. Such support shall be included in Schedule 40.

[ D. E. ] Rates authorized to take effect 30 days following the filing of any application for an expedited rate increase shall be subject to refund in a manner prescribed by the commission. Whenever rates are subject to refund, the commission may also direct that such refund bear interest at a rate set by the commission.

20VAC5-201-30. Annual informational filings.

Unless modified per a commission-approved alternative regulatory plan, each utility not subject to § 56-585.1 of the Code of Virginia, and which is not requesting a base rate increase shall make an annual informational filing consisting of Schedules 1-7, 9, 11-12, 14-19, 21-22, 24-25, [ ~~27-31~~ 27, 28 ], [ ~~34-36, 38-~~ and ] 40 [ ~~and 44~~ a and b ] as identified in 20VAC5-201-90. The test period shall be the current 12 months ending in the same month used in the utility's most recent rate application. This information shall be filed with the commission within 120 days after the end of the test period. Accounting adjustments reflected in Column (2) of Schedule 21 shall incorporate the ratemaking treatment approved by the commission in the utility's last rate case and shall be calculated in accordance with the Expedited Rules of Schedule 25. Requirements found in 20VAC5-201-10 B 2 through [ B ] 4 may be omitted in Annual Informational Filings.

[ Applicants meeting each of the four following criteria may omit Schedules 9-18 in Annual Informational Filings: (i) the applicant is not subject to § 56-585.1 of the Code of Virginia, (ii) the applicant is not currently bound by a performance-based regulation plan authorized by the commission pursuant to § 56-235.6 of the Code of Virginia that includes an earnings sharing mechanism or other attribute for which the commission has directed the performance of an Earnings Test, (iii) the applicant has no Virginia jurisdictional regulatory assets on its books, and (iv) the applicant is not seeking to establish a regulatory asset. ]

20VAC5-201-40. Optional performance-based [ ~~regulations~~ regulation ] applications.

A. An applicant, other than those subject to § 56-585.1 of the Code of Virginia, that ] files an application for performance-based regulation pursuant to [ ~~§ 56-585.1~~ § 56-235.6 ] of the Code of Virginia shall file Schedules 1-32 and 34-43 as identified in 20VAC5-201-90.

B. An applicant subject to § 56-585.1 [ ~~of the Code of Virginia~~ ] that files a performance-based regulation filing pursuant to § 56-235.6 [ ~~of the Code of Virginia~~ ] shall file Schedules [ ~~1- 46~~ 1-45 ] and [ 49 47 ] as identified in 20VAC5-201-90.

20VAC5-201-50. Biennial review applications.

A. A biennial review application filed pursuant to § 56-585.1 of the Code of Virginia shall include the following:

1. Exhibits consisting of Schedules 3, 6-7, 9-18, 40a and 44 [ ~~-45~~ ] as identified in 20VAC5-201-90 shall be submitted with the utility's direct testimony for [ each of the ] two successive 12-month test periods.

2. Exhibits consisting of Schedules 1-2, 4-5, 8, [ ~~19-39~~ 19-34, 36-39 ], 40b-d, 41-43, [ 46 45 ] , and [ 49 47 ] as identified in 20VAC5-201-90, shall be submitted with the utility's direct testimony for the second of the two successive 12-month test periods.

3. An exhibit consisting of [ Schedule 35 shall be filed with the commission no later than April 30 each year.

4. An exhibit consisting of ] additional schedules may be submitted with the utility's direct testimony. Such exhibit shall be identified as Schedule [ 50 49 ] (this exhibit may include [ ~~numerous~~ ~~sub-schedules~~ subschedules as needed ] labeled [ ~~50A~~ 49A ] et seq.).

[ 4. 5. ] A reconciliation of Schedules 19 and 22 to the statement of income and comparative balance sheet contained in FERC Form No. 1.

B. The assumed rate year for purposes of determining ratemaking adjustment in Schedules 21 and 24, as identified in 20VAC5-201-90, shall begin on December 1 of the year following the two successive 12-month test periods.

[ C. For purposes of attaining timelines established for biennial reviews in § 56-585.1 A 8 of the Code of Virginia, by March 31 of each year that a biennial review is not filed pursuant to § 56-585.1 of the Code of Virginia, each investor-owned electric utility subject to § 56-585.1 of the Code of Virginia shall submit two copies of Schedules 9-25, 27-29, 40, and 44-45 for the previous 12-month test period with the commission's Division of Public Utility Accounting, the Division of Economics and Finance and the Division of Energy Regulation. These schedules do not constitute an Annual Informational Filing and will not result in any findings or conclusions outside the context of legislated biennial reviews. ]

20VAC5-201-60. Rate adjustment clause filings.

An application filed pursuant to [ ~~§ 56-582 or~~ ] § 56-585.1 A 4, 5 or 6 of the Code of Virginia shall include Schedules [ ~~46-48~~ 45 and 46 ] as identified and described in 20VAC5-201-90, and [ ~~that~~ which ] shall be submitted with the utility's direct testimony.

20VAC5-201-70. Temporary increases of rates.

A. Applicants that file a request for a temporary increase in rates pursuant to § 56-245 of the Code [ of Virginia ] shall include Schedules [ ~~1-43~~ 1-7, 9, 11-12, 14 and 16-18 ] as identified and described in 20VAC5-201-90.

B. Applicants subject to § 56-585.1 of the Code of Virginia that file a request for a temporary increase in rates pursuant to § 56-245 [ ~~of the Code of Virginia~~ ] shall file Schedules [ ~~44- 46~~ 44, 45 ] and [ 49 47 ] as identified and described in 20VAC5-201-90 in addition to the schedules required in subsection A of this section.

[ ~~C. Nothing in these rules shall be interpreted to apply to applications for temporary reductions of rates pursuant to § 56-242 of the Code of Virginia.~~ ]

20VAC5-201-80. Fuel factor filings.

A. In the event that an electric utility files an application to [ ~~increase~~ change ] the fuel factor, fuel factor projections shall be filed [ at least ] six weeks prior to the proposed effective date. The filing shall include projections required by the commission's Fuel Monitoring System as well as the testimony and exhibits supporting the fuel factor projections. [ At a minimum, the filing shall include the following for each month of the forecast period in which the proposed fuel factor is expected to be in effect:

1. Projections of system sales and energy supply requirements (MWh),

2. Projections of generation and purchased power levels (MWh) by source,

3. Projections of fuel requirements by generating unit (MMBtu),

4. Projections of fuel and purchased power costs by source,

5. Projections of off-system sales volumes and margins,

6. Projections of generating unit outage rates and heat rates, and

7. Total fuel factor costs by source by month.

The filing shall further include the following information for each month for the most recent historical 12-month period:

1. Actual system sales and energy supply (MWh),

2. Actual generation and purchased power levels (MWh) by source,

3. Actual fuel burns by generating units (MMBtu),

4. Actual fuel and purchased power costs by source,

5. Actual off-system sales volumes and margins along with support for calculation of margins,

6. Actual generating unit planned and forced outage rates and heat rates along with brief descriptions and durations of outages, and

7. Discussion of any abnormal operating events and actions taken to minimize fuel and purchased energy costs. ]

B. Electric utilities not seeking a change in the fuel factor shall file fuel factor projections at least six weeks prior to the expiration of the last projection or as required by the commission. [ The filing shall include the same information required in subsection A of this section. ]

[ 20VAC5-201-85. Conservation and ratemaking efficiency plans.

An applicant that files a conservation and ratemaking efficiency plan pursuant to Chapter 25 (§ 56-600 et seq.) of Title 56 of the Code of Virginia shall file Schedule 48 as identified and described in 20VAC5-201-90, and which shall be submitted with the utility's direct testimony. ]

20VAC5-201-90. [ ~~Schedules~~ Instructions for schedules ] and exhibits for Chapter 201.

The following [ instructions for ] schedules [ and exhibits including those specifically set forth in 20VAC5-201-95 (Schedules 1-14), 20VAC5-201-100 (Schedules 15-22) and 20VAC5-201-110 (Schedules 23-28, 40 and 44) ] are to be used in conjunction with this chapter:

Schedule 1 - Historic Profitability and Market Data

Instructions: Using the format of the attached schedule and the definitions provided below, provide the data for the test year and four prior fiscal years. The information shall be compatible with the latest stockholder's annual report (including any restatements). Information in Sections A and B shall be compiled for the corporate entity that raises equity capital in the marketplace. Information in Section C shall be compiled for the subsidiary company that provides regulated utility service in Virginia.

Definitions for Schedule 1

Return on Year End Equity* =	Earnings Available for Common Shareholders
	Year End Common Equity

Return on Average Equity* =	Earnings Available for Common Shareholders
	The Average of Year End Equity for the Current & Previous Year

Earnings Per Share =	Earnings Available for Common Shareholders
	Average No. Common Shares Outstanding

Dividends Per Share = Common Dividends Paid per Share During the Year

Payout Ratio = DPS/EPS

Average Market Price** = (Yearly High + Yearly Low Price)/2

Dividend Yield = DPS/ Average Market Price**

Price Earnings Ratio = Average Market Price**/EPS

*Job Development Credits shall not be included as part of equity capital nor shall a deduction be made from earnings for a capital charge on these Job Development Credits in Schedule 1.

**An average based on monthly highs and lows is also acceptable. If this alternative is chosen, provide monthly market prices and sufficient data to show how the calculation was made.

Schedule 2 - Interest and Cash Flow Coverage Data

Instructions: This schedule shall be prepared using the definitions and instructions given below and presented in the format of the attached schedule. The information shall be provided for the test year and the four prior fiscal years based on information for the Applicant and for the consolidated company if Applicant is a subsidiary.

- Interest (Lines 3, 4, & 5) shall include amortization of expenses, discounts, and premiums on debt without deducting an allowance for borrowed funds used during construction.

- Income taxes (Line 2) shall include federal and state income taxes.

- Allowance for Funds Used During Construction ("AFUDC") (Line 8), where applicable, is total AFUDC -- for borrowed and other funds.

- Preferred dividends (Line 13) for a subsidiary may need to be allocated from the parent's total preferred dividends. Specify the allocation factor and the methodology used in a footnote.

- Construction expenditures (Line 15) are net of AFUDC.

- Common dividends (Line 16) for a subsidiary shall be stated per books. If the subsidiary's dividend payout ratio differs from the consolidated company's payout ratio, show in a footnote the subsidiary's common dividends based on the consolidated company's payout ratio.

Schedule 3 - Capital Structure and Cost of Capital Statement – Per Books and Average

Instructions: This schedule shall show the amount of each capital component per balance sheet, the amount for ratemaking purposes, the percentage weight in the capital structure, the component cost and weighted cost, using the format in the attached schedule. The information shall be provided for the test period, the four prior fiscal years, and on a 13-month average or five-quarter average basis for the test period. The data shall be provided for the entity whose capital structure was approved for use in the applicant's last rate case.

In Part A, the information shall be compatible with the latest Stockholders' Annual Report (including any restatements). In Parts B, C, and D [ , ] the methodology shall be consistent with that approved in the applicant's last rate case. Reconcile differences between Parts A and B for both end-of-test-period and average capital structures.

The amounts for short-term debt and revolving credit agreements (and similar arrangements) in Part B shall be based where possible on a daily average over the test year, or alternatively on a 13-month average over the test year. Except for the Part B amount for short-term debt and average amounts in Column (6), all other accounts are end-of-year and end-of-test period.

The component weighted cost rates equal the product of each component's capital structure weight for ratemaking purposes times its cost rate. The weighted cost of capital is equal to the sum of the component weighted cost rates. The Job Development Credits cost is equal to the weighted cost of permanent capital (long-term debt, preferred stock, and common equity).

For investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia, Parts A, B, C, and D shall be based on the utility's actual, end-of-period capital structure.

Schedule 4 - Schedules of Long-Term Debt, Preferred and Preference Stock, Job Development Credits, and Any Other Component of Ratemaking Capital

Instructions: For each applicable capital component, provide a schedule that shows, for each issue, the amount outstanding, its percentage of the total capital component, and effective cost based on the embedded cost rate. This data shall support the amount and cost rate of the respective capital components contained in Schedule 3, consistent with the methodology approved in applicant's last rate case. In addition, a detailed breakdown of all job development credits should be provided that reconciles to the per books balance of investment tax credits. These schedules should reflect disclosure of any associated hedging/derivative instruments, their respective terms and conditions (instrument type, notional amount and associated series of debt or preferred stock hedged, period in effect, etc.), and the impact of such instruments on the cost of debt or preferred stock.

Schedule 5 - Schedule of Short-Term Debt, Revolving Credit Agreements, and similar Short-Term Financing Arrangements

Instructions: Utilities that are not subject to § 56-585.1 of the Code of Virginia shall provide data and explain the methodology, which should be consistent with the methodology approved in the applicant's last rate case, used to calculate the cost and balance contained in Schedule 3 for short-term debt, revolving credit agreements, and similar arrangements.

Investor-owned electric utilities subject to § 56-585.1 [ ~~of the Code of Virginia~~ ] shall file data consistent with the utility's end of test period capital structure and cost of short-term debt.

This schedule should also provide detailed disclosure of any hedging/derivative instruments related to short-term debt, their respective terms and conditions (instrument type, notional amount and associated series of debt hedged, period in effect, etc.), and the impact of such instruments on the cost of short-term debt.

Schedule 6 - Public Financial Reports

Instructions: Provide copies of the most recent Stockholder's Annual Report, Securities and Exchange Commission Form 10-K, and Form 10-Q for the applicant and the consolidated parent company if applicant is a subsidiary. If published, provide a copy of the most recent statistical or financial supplement for the consolidated parent company.

Schedule 7 - Comparative Financial Statements

Instructions: If not provided in the public financial reports for Schedule 6, provide comparative balance sheets, income statements, and cash flow statements for the test year and the 12-month period preceding the test year for the applicant and its consolidated parent company if applicant is a subsidiary.

Schedule 8 - Proposed Cost of Capital Statement

Instructions: Provide the applicant's proposed capital structure/cost of capital schedule. In conjunction, provide schedules that support the amount and cost of each component of the proposed capital structure, and explain all assumptions used.

Schedule 9 - Rate of Return Statement – Earnings Test – Per Books

Use format of attached schedule.

Schedule 9 shall reflect average rate base, capital and common equity capital. Interest expense, preferred dividends and common equity capital shall be calculated by using the average capital structure included in Schedule 3 B and average rate base.

Utilities not subject to § 56-585.1 of the Code of Virginia shall file only Columns (1)-(3) on Schedule 9.

Schedule 10 - Rate of Return Statement – Earnings Test – Generation and Distribution Per Books

Instructions: [ For utilities subject to § 56-585.1 of the Code may omit Schedule 10 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 10A, reflecting generation only operations and Schedule 10B, reflecting distribution only operations, using the same format as Schedule 10. ]

Utilities not subject to § 56-585.1 of the Code [ of Virginia ] may omit Schedule 10.

Use format of attached schedule.

Schedule 10 shall reflect average rate base, capital and common equity capital. Interest expense, preferred dividends and common equity capital shall be calculated by using the average capital structure included in Schedule 3 B and average rate base.

Schedule 10 Columns (2) - (3) shall reflect revenues, expenses and rate base for each commission-approved rate adjustment clause pursuant to §§ 56-585.1 A 5 b, c and d or A 6 of the Code of Virginia.

Schedule 11 - Rate of Return Statement – Earnings Test – Adjusted to A Regulatory Accounting Basis

Instructions: [ Applicants meeting each of the four following criteria may omit this schedule in Annual Informational Filings and rate applications: (1) the applicant is not subject to § 56-585.1 of the Code of Virginia; (2) the applicant is not currently bound by performance-based regulation plan authorized by the commission pursuant to § 56-235.6 of the Code of Virginia; (3) the applicant has no Virginia jurisdictional regulatory assets on its books; and (4) the applicant is not seeking to establish a regulatory asset ] For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 11 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 11A, reflecting generation only operation, and Schedule 11B, reflecting distribution only operations, using the same format as Schedule 11.

Use format of attached schedule.

Schedule 11 adjustments in Column (2) shall reflect any financial differences between Generally Accepted Accounting Principles ("GAAP") and regulatory accounting as prescribed by the commission. Each Column (2) adjustment shall be separately identified and reflected in Schedule 16.

A per books regulatory accounting adjustment to reflect Job Development Credit (JDC) Capital Expense shall be reflected in Schedule 11 Column (2), if applicable. Column (3) JDC Capital Expense shall be calculated as follows:

JDC Capital Expense = Rate Base (line 25) * weighted cost of JDC Capital in Schedule 3

The associated income tax savings shall be reflected in lines 5 and 6, Column (2) as follows:

Associated income tax savings = total average rate base (line 25) * weight of JDC capital (Sch. 3) * weighted cost of debt component of the JDC cost component (Sch. 3) * (Federal and State Income Tax rate * -1)

Schedule 11 Line 15 other income/(expense) shown in Column (3) shall be the current amount of other income/(expense) categorized as jurisdictional in the applicant's last rate case.

Schedule 12 - Rate Base Statement – Earnings Test – Per Books

Use format of attached schedule.

Utilities not subject to § 56-585.1 of the Code of Virginia shall file only Columns (1)-(3) on Schedule 12.

[ ~~Cash working capital allowance shall be calculated using a lead/lag study. Schedules 17 and 18 shall be provided detailing the cash working capital computation for Schedule 12 Columns (1) and (3).~~ ] Applicants with jurisdictional per books operating revenues [ ~~less~~ of more ] than $150 million [ ~~may include a zero cash working capital requirement rather than perform~~ shall calculate cash working capital allowance using ] a lead/lag study. [ Schedules 17 and 18 shall be provided detailing the case working capital computation for Schedule 12 Columns (1) and (3). Applicants with jurisdictional per books operating revenues between $20 and $150 million may include a zero cash working capital requirement rather than perform a lead/lag study. Applicants with jurisdictional per books operating revenues less than $20 million may use a formula method to calculate cash working capital. ]

Schedule 13 - Rate Base Statement – Earnings Test – Generation and Distribution Per Books

Instructions: Utilities not subject to § 56-585.1 of the Code of Virginia may omit Schedule 13.

For utilities subject to § 56-585.1 [ ~~of the Code of Virginia~~ ], Schedule 13 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 13A, reflecting generation only operations, and Schedule 13B, reflecting distribution only operations, using the same format as Schedule 13.

Use format of attached schedule.

Schedule 13 Columns (2)-(3) shall reflect rate base information for each [ ~~Commission~~ commission- ] approved rate adjustment clause pursuant to §§ 56-585.1 A5 b, c and d or A6 of the Code of Virginia.

Cash working capital allowance shall be calculated using [ a lead/lag study. Schedules 17 and 18 shall be provided detailing the cash working capital computation for Schedule 13 Column (5). Applicants with jurisdictional per books operating revenues less than $150 million may include a zero cash working capital requirement rather than perform a lead/lag study the instructions in Schedule 12 ].

Schedule 14 - Rate Base Statement – Earnings Test – Adjusted to Regulatory Accounting Basis

Instructions: [ ~~Applicants meeting each of the four following criteria may omit this schedule in Annual Informational Filings and rate applications: (1) the applicant is not~~ subject to § 56-585.1 of the Code of Virginia; (2) the applicant is not currently bound by performance-based regulation plan authorized by the Commission pursuant to § 56-235.6 of the Code of Virginia; (3) the applicant has no Virginia jurisdictional regulatory assets on its books; and (4) the applicant is not seeking to establish a regulatory asset. ]

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 14 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 14A, reflecting generation only operations, and Schedule 14B, reflecting distribution only operations, using the same format as Schedule 14.

Use format of attached schedule.

Cash working capital allowance shall be calculated using [ a lead/lag study. Schedules 17 and 18 shall be provided detailing the cash working capital computation for Schedule 14 Column (3). Applicants with jurisdictional per books operating revenues less than $150 million may include a zero cash working capital requirement rather than perform a lead/lag study the instructions in Schedule 12 ]. Schedule 14 Column (2) shall reflect adjustments necessary to identify any financial differences between Generally Accepted Accounting Principles and regulatory accounting as prescribed by the commission.

Schedule 15 - Schedule of Regulatory Assets [ and Per Books Deferral Pursuant to Enactment Clause 5 of Chapter 3 of the 2004 Acts of Assembly, Special Session I ]

Instructions: If applicable per Schedules 9 and 12 instructions.

Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 15 shall reflect combined generation and distribution operations as well as generation only operations and distribution only operations.

All regulatory assets shall be individually listed with associated deferred income tax. Indicate whether the regulatory asset is included in financial reporting or is currently recognized for ratemaking purposes only.

Schedule 16 - Detail of Regulatory Accounting Adjustments

Instructions: If applicable per Schedules 9 and 12 instructions.

Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 16 shall reflect combined generation and distribution operations as well as generation only operations and distribution only operations.

Each regulatory accounting adjustment shall be numbered sequentially beginning with ET-1 and listed under the appropriate description category (Operating Revenues, Interest Expense, Common Equity Capital, etc.).

Each regulatory accounting adjustment shall be fully explained in the description column of this schedule. Regulatory accounting adjustments shall adjust from a financial accounting basis to a regulatory accounting basis. Adjustments to reflect going-forward operations shall not be included on this schedule.

Detailed workpapers substantiating each adjustment shall be provided in Schedule 29.

Schedule 17 - Lead/Lag Cash Working Capital Calculation – Earnings Test

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 17 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 17A, reflecting generation only operations, and Schedule 17B, reflecting distribution only operations, using the same format as Schedule 17.

Total Balance Sheet Net Source/Use of Average Cash Working Capital determined in Schedule 18 shall be included in the Total Cash Working Capital amount in this schedule.

The Total Cash Working Capital amount determined in this schedule shall be included in Schedules 12-14.

[ Utilities required to use a lead/lag study should perform a complete lead/lag analysis every five years. Major items such as the revenue lag and balance sheet accounts should be reviewed every year. ]

Schedule 18 - Balance Sheet Analysis – Earnings Test

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 18 shall reflect combined generation and distribution operations as well as generation only operations and distribution only operations.

All sources/uses of cash working capital shall be detailed in this schedule. The associated accumulated deferred income tax shall also be included as a source/use.

The Net Source/Use of Average Cash Working Capital determined in this schedule shall be included in Schedule 17.

Support for the above schedule shall include a list of all balance sheet subaccounts and titles. Indicate whether the account's impact is included in (1) the balance sheet analysis, (2) the capital structure, (3) the income statement portion of the lead/lag study, or (4) excluded from cost of service. [ ~~Include a brief description of the costs included in each account.~~ ]

Schedule 19 - Rate of Return Statement – Per Books

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 19 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 19A, reflecting generation only operations, and Schedule 19B, reflecting distribution only operations, using the same format as Schedule 19.

Utilities not subject to § 56-585.1 [ ~~of the Code of Virginia~~ ] shall file only Columns (1)-(3) on Schedule 19.

[ ~~Interest~~ Column (1) interest ] expense, preferred dividends and common equity capital shall be calculated by using the capital structure included in Schedule 3 or Schedule 8 and [ ~~average rate~~ end of test ] year level rate base.

Schedule 20 - Rate of Return Statement – Generation and Distribution Per Books

Instructions: [ For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 20 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 20A, reflecting generation only operations, and Schedule 20B, reflecting distribution only operations, using the same format as Schedule 20. ]

Utilities not subject to § 56-585.1 of the Code of Virginia may omit Schedule 20.

[ Schedule 20 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 20A, reflecting generation only operations, and Schedule 20B, reflecting distribution only operations, using the same format as Schedule 20. ]

Use format of attached schedule.

Schedule 20 Columns (2)-(4) shall reflect revenues, expenses and rate base for each commission-approved rate adjustment clause pursuant to §§ 56-585.1 [ ~~A 4,~~ ] A 5 b, c and d or A 6 of the Code of Virginia.

Interest expense, preferred dividends and common equity capital shall be calculated by using the capital structure included in Schedule 3 or Schedule 8 and [ ~~average rate~~ end of test ] year level rate base.

Schedule 21 - Rate of Return Statement – Reflecting Ratemaking Adjustments

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 21 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 21A, reflecting generation only operations, and Schedule 21B, reflecting distribution only operations, using the same format as Schedule 21.

Schedule 21 Column (2) adjustments shall be separately identified and reflected in Schedule 25.

Interest expense, preferred dividends and common equity capital shall be calculated by using the capital structure included in Schedule 3 or Schedule 8 and [ ~~average rate year~~ an adjusted ] level [ of ] rate base.

After ratemaking adjustments, JDC capital expense shall be calculated as follows:

Total rate base (line [ 28 29 ]) * weighted cost of JDC capital in Schedule 3 or 8

[ Applicants filing pursuant to 20VAC5-201-30 may omit columns (4) and (5). ]

Schedule 22 - Rate Base Statement – Per Books

Instructions: Use format of attached schedule.

Utilities not subject to § 56-585.1 of the Code of Virginia shall file only Columns (1)-(3) on Schedule 22.

[ ~~Cash~~ Applicants with jurisdictional per books operating revenues more than $150 million shall calculate cash ] working capital allowance [ ~~shall be calculated~~ ] using a lead/lag study. Schedules 27 and 28 shall be provided detailing the cash working capital computation for [ ~~Column~~ Columns ] (1), (3) and (7). Applicants with jurisdictional per books operating revenues [ ~~less than~~ between $20 million and ] $150 million may include a zero cash working capital requirement rather than perform a lead/lag study. [ Applicants with jurisdictional per books operating revenues less than $20 million may use a formula method to calculate cash working capital. ]

Schedule 23 - Rate Base Statement – Generation and Distribution Per Books

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 23 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 23A, reflecting generation only operations, and Schedule 23B, reflecting distribution only operations, using the same format as Schedule 23.

Utilities not subject to § 56-585.1 [ ~~of the Code of Virginia~~ ] may omit Schedule 23.

Schedule 23 Columns (2) - (4) shall reflect rate base information for each commission-approved rate adjustment clause pursuant to §§ 56-585.1 [ ~~A 4,~~ ] A 5 b, c and d or A 6 of the Code of Virginia.

Cash working capital allowance shall be calculated using [ ~~a lead/lag study~~ instructions in Schedule 22 ]. [ Schedules 27 and 28 shall be provided detailing the cash working capital computation for Column (5). Applicants with jurisdictional per books operating revenues less than $150 million may include a zero cash working capital requirement rather than perform a lead/lag study. ]

Schedule 24 - Rate Base Statement – Adjusted – Reflecting Ratemaking Adjustments

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 24 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 24A, reflecting generation only operations, and Schedule 24B, reflecting distribution only operations, using the same format as Schedule 24.

Cash working capital allowance shall be calculated using [ ~~a lead/lag study~~ instructions in Schedule 22 ]. [ Schedules 27 and 28 shall be provided detailing the cash working capital computation for Column (3). Applicants with jurisdictional per books operating revenues less than $150 million may include a zero cash working capital requirement rather than perform a lead/lag study. ]

Schedule 25 - Detail of Ratemaking Adjustments

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 25 shall reflect combined generation and distribution operations as well as generation only operations and distribution only operations.

Each adjustment shall be numbered sequentially and listed under the appropriate description category (Operating Revenues, Interest Expense, Common Equity Capital, etc.).

Ratemaking adjustments shall reflect a rate year level of revenues and expenses. Rate base adjustments may reflect no more than a rate year average. In Expedited Filings, Column (4) Ratemaking Adjustments shall reflect a rate year level of only those types of adjustments previously approved for the applicant.

Detailed workpapers substantiating each adjustment shall be provided in Schedule 29.

Schedule 26 - Revenue Requirement Reconciliation

Instructions: [ Use format of attached lead schedule. An example of a supporting schedule is provided. ]

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 26 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 26A, reflecting generation only operations, and Schedule 26B, reflecting distribution only operations, using the same format as Schedule 26.

Provide a revenue reconciliation of each [ ~~issue~~ topic or subject ] that affects the revenue requirement. All components of each [ ~~issue~~ topic or subject ] shall be detailed (i.e. payroll and related = payroll, benefits, payroll taxes, and related tax effect) [ on a supporting schedule ]. Cash working capital shall be considered a separate [ ~~issue~~ topic or subject ] rather than as a component of each [ ~~issue~~ topic or subject ].

Schedule 27 - Lead/Lag Cash Working Capital Calculation – Adjusted

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 27 shall reflect combined generation and distribution operations. Additionally, such utilities shall file Schedule 27A, reflecting generation only operations, and Schedule 27B, reflecting distribution only operations, using the same format as Schedule 27.

Total Balance Sheet Net Source/Use of Average Cash Working Capital determined in Schedule 28 shall be included in the Total Cash Working Capital amount in this schedule.

The Total Cash Working Capital amount determined in this schedule shall be included in Schedules 22-24.

Schedule 28 - Balance Sheet Analysis – Adjusted

Instructions: Use format of attached schedule.

For utilities subject to § 56-585.1 of the Code of Virginia, Schedule 28 shall reflect combined generation and distribution operations as well as generation only operations and distribution only operations.

All sources/uses of cash working capital shall be detailed in this schedule. The associated accumulated deferred income tax shall also be included as a source/use.

The Net Source/Use of Average Cash Working Capital determined in this schedule shall be included in Schedule 27.

Support for the above schedule should include a list of all balance sheet subaccounts and titles. Indicate whether the account's impact is included in (1) the balance sheet analysis , (2) the capital structure, (3) the income statement portion of the [ ~~lead lag~~ lead/lag ] study, or (4) excluded from cost of service. Include a brief description of the costs included in each account.

Schedule 29 - Workpapers for Earnings Test and Ratemaking Adjustments

Instructions: [ Include a table of contents listing the work papers included in this schedule. ]

(a) Provide a [ ~~detailed~~ ] narrative explaining the purpose [ , and ] methodology [ ~~, any relative Financial Accounting Standards Board (FASB) statement and commission precedent~~ used ] for each adjustment identified in subsections (b) and (d) below [ , which have not been addressed in the applicant's prefiled testimony. Such explanation shall reference any relevant Financial Accounting Standards Board ("FASB") statement or commission precedent if known or available ].

(b) Provide a summary calculation of each earnings test adjustment included in Schedule 16. Each summary calculation shall identify the [ ~~origin of each data item shown and include a reference to all~~ ] source documents [ used to prepare such calculation ].

(c) Provide all [ relevant ] documents [ , references ] and information necessary to support the summary calculation required in subsection (b) for each proposed earnings test adjustment. Amounts identified as per books costs shall include any documentation [ or references ] necessary to verify such amount to Schedule 40A. Working papers shall be indexed and tabbed for each adjustment and include the name [ ~~, phone number and email address of all~~ of the primary employee or ] employees responsible for the adjustment. All documents and information as referenced above should include, but not be limited to, general ledgers, payroll distributions, billing determinants, invoices, and actuarial reports. [ Supporting documentation that is voluminous may be made available at the applicant's office. ]

(d) Provide a summary calculation of each rate year adjustment included in Schedule 25. Each summary calculation shall identify the [ ~~origin of each data item shown and include a reference to all~~ ] source documents [ used to prepare such calculation ].

(e) Provide all [ relevant ] documents and information necessary to support the summary calculation required in subsection (d) for each proposed rate year adjustment. Amounts identified as per books costs shall include any documentation necessary to verify such amount to Schedule 40b. Working papers shall be indexed and tabbed for each adjustment and include the name [ ~~, phone number and email address of all~~ of the primary employee or ] employees responsible for the adjustment. All documents and information as referenced above should include, but not be limited to, general ledgers, payroll distributions, billing determinants, invoices, and actuarial reports.

(f) Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall separately identify functional information for each earnings test and proposed rate year adjustment required in subsections (b) and (d) [ . ]

Schedule 30 - Revenue and Expense Variance Analysis

Instructions: Applicant shall quantify jurisdictional operating revenues and system operating and maintenance [ ~~(O&M)~~ ("O&M") ] expenses by primary account as specified by the appropriate federal or state Uniform System of Accounts (Federal Energy Regulatory Commission, Federal Communications Commission, National Association of Regulatory Commissioners) (hereinafter referred to as "USOA account") during the test period and the preceding 12 months. Also, provide jurisdictional sales volumes by customer class for the test period.

Applicants [ ~~not~~ shall file a schedule detailing all revenue and expense accounts by month for the test period. For applicants ] subject to § 56-585.1 of the Code of Virginia [ , the test period shall be the second year of the two successive year test periods. Applicants ] shall provide a detailed explanation of all jurisdictional revenue and system expense increases or decreases of more than 10% during the test period compared to the previous 12-month period. The expense variance analysis applies to test period expense items greater than [ ~~one-hundredth~~ one-tenth ] of one percent ([ ~~.0001~~ .001 ]) of [ ~~total~~ ] Operating & Maintenance [ ~~(O&M)~~ ] expenses [ ~~for utilities with O&M expenses exceeding $100 million, and one-tenth of one percent (.001) of total O&M expenses for utilities with O&M expenses below $100 million~~, excluding fuel factor and purchased gas adjustment costs. Additionally, the applicant shall have an accounts payable ledger or schedule of all accounts payable for review at the applicant's office as of the date of the applicant's filing ].

[ Applicants subject to § 56-585.1 of the Code of Virginia shall provide a detailed analysis of all jurisdictional revenue and system expense increases or decreases of more than 10% during the 12-month test period compared to the previous 12-month period. The analysis shall be by month and identify applicant payroll and overheads as well as each third party cost by transaction. Additionally, the applicant shall have an accounts payable ledger or schedule of all accounts payable for review at the applicant's office as of the date of the applicant's filing. ]

Schedule 31 - Advertising Expense

Instructions: A schedule detailing advertising expense by USOA account and grouped according to the categories identified in § 56-235.2 of the Code of Virginia shall be provided. Advertising costs that are not identifiable to any of those categories shall be included in a separate category titled "other." If applicant seeks rate relief, demonstrate that the applicant's advertising meets the criteria established in § 56-235.2 [ ~~of the Code of Virginia~~ ].

Schedule 32 - Storm Damage

Instructions: [ This schedule applies to electric utilities only. ] Provide a schedule identifying [ ~~minor and~~ ] major storm damage expense by month, FERC account and internal or third-party cost for the test year and the previous three years. Include a detailed description of the damage sustained, the length of outages associated with the storm damage and work necessary to restore service.

Schedule 33 - [ ~~Scheduled and Unscheduled Generation~~ Generating ] Unit [ ~~Outages~~ Performance ]

Instructions: This schedule applies to those applicants subject to § 56-585.1 of the Code of Virginia. Provide a detailed schedule of each generating unit outage [ or derate ] identifying whether the outage [ ~~was scheduled or unscheduled, length of outage, description of cause of outage and cost by FERC account~~ or derate was planned, maintenance or forced, and start and end dates, cause and cost. Additionally, provide the heat rate, equivalent availability factor, equivalent forced outage rate and net capacity factor for each unit ].

Schedule 34 - Miscellaneous Expenses

Instructions: Provide a description of amounts paid and USOA accounts charged for each charitable and educational donation, each payment to associated industry organizations, and all other miscellaneous general expenses. [ Individual items aggregating to less than 5.0% of the total miscellaneous expense may be reflected in an "Other" line item. ] Advertising expenses included in Schedule 31 should be excluded from this schedule.

Schedule 35 - Affiliate Services

Instructions: For purposes of this schedule affiliate services shall be defined to include those services between regulated and nonregulated divisions of an incumbent utility. If any portion of the required information has been filed with the commission as part of an applicant's Annual Report of Affiliate Transactions, the applicant may reference such report clearly identifying what portions of the required information are included in the Annual Report of Affiliate Transactions.

Provide a narrative description of each affiliated service received or provided during the test period.

Provide a summary of affiliate transactions detailing costs by type of service provided (e.g. accounting, auditing, legal and regulatory, human resources, etc.) for each month of the test period. Show the final USOA account distribution of all costs billed to or by the regulated entity by month for the test period.

Identify all amounts billed to an affiliate and then billed back to the regulated entity.

Cost records and market analyses supporting all affiliated charges billed to or by the regulated entity/division shall be maintained and made readily available for commission staff review. This shall include supporting detail of costs (including the return component) incurred by the affiliated interest rendering the service and the allocation methodology. In situations when the pricing is required to be the higher (lower) of cost or market and market is unavailable, note each such transaction and have data supporting such a finding available for commission staff review.

If affiliate charges are booked per a pricing mechanism other than that approved by the commission, the regulated entity shall provide a reconciliation of books to commission-approved pricing, including an explanation of why the commission-approved pricing is not used for booking purposes.

Schedule 36 - Income Taxes

Instructions: Provide a schedule detailing the computation of test period current state and federal income taxes on a total company and Virginia jurisdictional basis. Such schedule should provide a complete reconciliation between book and taxable income showing all individual differences. Additionally, provide a schedule detailing the computation of fully adjusted, current state and federal income taxes applicable to the Virginia jurisdiction.

Provide a schedule detailing the individual items of deferred state and federal income tax expense for the test period on a total company and Virginia jurisdictional basis. Additionally, provide a schedule detailing the computation of fully adjusted, deferred state and federal income tax applicable to the Virginia jurisdiction.

Provide a detailed reconciliation between the statutory and effective income tax rates for the test period. Schedule should quantify individual reconciling items by dollar amount and percentage. Individual items should include but not be limited to permanent differences (itemize), flow-through depreciation, excess deferred FIT amortization and deferred Investment Tax Credit [ ~~(ITC)~~ ("ITC") ] amortization.

Provide a detailed listing of individual accumulated deferred income tax and accumulated deferred ITC amounts as of the end of test period. Separately identify those items affecting the computation of rate base on both a total company and Virginia jurisdictional basis. Additionally, provide a detailed listing of individual accumulated deferred income tax and accumulated deferred ITC amounts for the earnings test rate base (if applicable), the end of test period rate base, and the fully-adjusted rate base, on a Virginia jurisdictional basis.

[ ~~Provide stand-alone federal and state income tax returns applicable to the test period.~~ ]

Provide a detailed reconciliation between the federal and state [ ~~income~~ current ] tax [ ~~liabilities per these~~ expense on a ] stand-alone [ ~~tax returns~~ basis ] and the actual per book federal and state [ ~~income~~ current ] tax [ ~~liabilities~~ expense ] for the test period on a total company and Virginia jurisdictional basis.

[ Provide a schedule depicting, by month, all federal and state income tax payments made during the test year. For each payment, identify the recipient. ]

Provide a detailed reconciliation between deferred federal and state income expense computed on a stand-alone basis and the actual per book deferred federal and state income tax expense, on a total company and Virginia jurisdictional basis.

Provide a detailed reconciliation between individual accumulated deferred federal and state income tax assets and liabilities computed on a stand-alone basis and the actual per book accumulated deferred income tax amounts as of the end of the test period, on a total company and Virginia jurisdictional basis. Additionally, provide a detailed listing of individual accumulated deferred income tax assets and liabilities computed on a stand-alone basis for the earnings test rate base (if applicable), the end of test period rate base, and the fully-adjusted rate base, on a Virginia jurisdictional basis.

[ ~~Tax returns filed per this schedule may be excluded from the Microsoft Excel version required per 20VAC5-201-10 H.~~ ]

Schedule 37 - Organization

Instructions: Provide an organizational chart of the applicant and its parent company detailing subsidiaries and divisions. Provide details of any material corporate reorganizations since the applicant's last rate case. Explain the reasons and any ratemaking impact of each such reorganization.

Schedule 38 - Changes in Accounting Procedures

Instructions: Detail any material changes in accounting procedures adopted by either the parent/service company or the utility since the applicant's last rate case. Explain any ratemaking impact of such changes.

Identify any write-offs or write-downs associated with assets (i.e. plant, tax accounts, etc.) that have been retained, transferred or sold.

Schedule 39 - Out-of-Period Book Entries

Instructions: Provide a summary schedule prepared from an analysis of journal entries showing "out-of-period" items booked during the test period. Show journal entry number, amount, USOA account and explanation of charge.

Schedule 40 - Jurisdictional and Class Cost of Service Study

Instructions: Use format of attached schedule.

Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall provide [ functionally ] separate [ schedules for ] generation, transmission and distribution information for subsections (a), (b) and (c) as well as bundled information. [ Transmission shall reflect the Virginia retail information that has been converted from the Federal Energy Regulatory Commission (FERC) approved wholesale information. Additionally, provide a detailed calculation and explanation showing how the FERC wholesale transmission information is converted to Virginia retail information Each functional schedule shall provide separate columns, as applicable, for each rate adjustment clause approved by the commission under § 56-585.1 A 4, 5 or 6 ].

(a) Provide detailed calculations for all jurisdictional allocations for each revenue, expense and rate base USOA account used to create Schedules 9 and 10. Allocations should be based on test year average data. Show the allocation basis for each primary USOA account and for any amount included therein with a unique allocation basis. Explain the methodology used and why such method is proposed. Discuss all changes in the applicant's operations that have materially changed any allocation factor since the last rate case.

(b) Provide detailed calculations for all jurisdictional allocations for each revenue, expense and rate base USOA account used to create Schedules 19 and 22. Show the allocation basis for each primary USOA account and for any amount included therein with a unique allocation basis. Explain the methodology used and why such method is proposed. Discuss all changes in the applicant's operations that have materially changed any allocation factor since the last rate case. For electric utilities, provide the calculations supporting the applicant's line loss percentages. [ Additionally, clearly show the derivation of the transmission cost components allocated to Virginia. ]

(c) Provide a class cost of service study [ ~~used to create Schedules 21 and 24. Show~~ showing ] the allocation basis for each primary USOA account and for any amount included therein with a unique allocation basis. Explain the methodology used and why such method is proposed. [ Class transmission allocations shall reflect the Virginia retail information that has been converted from the Federal Energy Regulatory Commission (FERC) approved wholesale information. Provide a detailed calculation and explanation showing how the FERC wholesale transmission information is converted to Virginia retail information. ] Discuss all changes in the applicant's operations that have materially changed any allocation factor since the last rate case.

(d) Applicant shall provide appropriate supporting cost data for new allocation methodologies or rate design proposals in expedited rate applications.

Schedule 41 - Proposed Rates and Tariffs

Instructions: Provide a summary of the rates designed to effect the proposed revenue increase. Provide a copy of all tariff pages that the applicant proposes to revise in this proceeding, with revisions indicated by a dashed line (--) through proposed deletions and by underlining proposed additions.

Schedule 42 - Present and Proposed Revenues

Instructions:

(a) Provide the detailed calculations supporting total per books revenues in Column (3) of Schedule 21. The present revenues from each of the applicant's services shall be determined by multiplying the current rates times the test period billing units (by rate block, if applicable).

(b) Provide a detailed calculation supporting total adjusted revenues in Column (5) of Schedule 21. The proposed revenues from each of applicant's services shall be determined by multiplying the proposed rates by the adjusted billing units (by rate block, if applicable). Detail by rate schedule all miscellaneous charges and other revenues, if applicable. Reconcile per books billing units to adjusted billing units itemizing changes such as customer growth, weather, btu content and miscellaneous revenues. The revenue changes for applicant's services should be subtotaled into the applicant's traditional categories.

Schedule 43 - Sample Billing

Instructions: Electric, natural gas and water or sewer utilities shall provide a sample billing analysis detailing the effect on each rate schedule at representative levels of consumption.

Schedule 44 - [ ~~Per Books Deferrals Recorded~~ Rate Adjustment Clauses ] Pursuant to [ ~~§§ 56-249.6, 56-582 and 58.1-3833~~ § 56-585.1 A 4, 5 or 6 ] of the Code of Virginia

Instructions: Use format of attached schedule.

Applicant shall file a Schedule 44 for each [ ~~per books deferral~~ rate clause approved by the commission ] by month for [ ~~the test year~~ both the first and second year of the two successive 12-month test periods in a biennial review ].

[ Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall file Schedule 44 for both the first and second year of the two successive 12-month test periods in a biennial review.

Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall identify off-system sales margins calculated pursuant to § 56-249.6 of the Code of Virginia in Schedule 44 and demonstrate that such margins have no effect on Virginia jurisdictional returns reflected in Schedules 11 and Schedule 21 in a biennial review.

Provide a calculation of the Allowance for Funds Used During Construction rate that was recorded during the test year.

Provide support for the monthly Allowance for Funds Used During Construction accruals recorded on the applicant's books.

Provide a schedule of costs for each rate adjustment clause, by month and FERC account, for the test year. Indicate which clauses the applicant will propose to include in future base rates rather than through a separate rate adjustment clause ].

[ ~~Schedule 45 - Rate Adjustment Clauses Pursuant to § 56-585.1 A 4, 5 or 6 of the Code of Virginia~~

~~Instructions: Use format of attached schedule.~~

~~Applicant shall file a Schedule 45 for each rate clause approved by the commission by month for both the first and second year of the two successive 12-month test periods in a biennial review.~~

~~Provide a calculation of the Allowance for Funds Used During Construction rate that was recorded during the test year.~~

~~Provide support for the monthly Allowance for Funds Used During Construction accruals recorded on the applicant's books.~~

Schedule [ 46 45 ] - Return on Equity Peer Group Benchmark

Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall provide all documentation supporting the return on equity benchmark proposed pursuant to § 56-585.1 A 2 a and b of the Code of Virginia. Such documentation shall include a complete list of all potential peer group utilities with corresponding returns calculated for each of the three years within the requisite three-year period, Securities and Exchange Commission documents in which such peer group returns are reported for the three-year period, a detailed explanation of why utilities were excluded from the proxy group, and a spreadsheet showing how such returns were calculated.

[ ~~Schedule 47 - Rate Cap Adjustments filed Pursuant to § 56-582 or § 56-585.1 A5 of the Code of Virginia~~

Provide all documents, contracts, studies, investigations or correspondence that support projected costs for each rate adjustment. Such information should demonstrate that the costs are incremental and not reflected in previously approved rates.

~~Provide the annual revenue requirement for the projected cost by year by rate adjustment.~~

~~Provide a detailed description of the accounting procedures and internal controls that the company will institute to identify all costs associated with each rate adjustment.~~ ]

Schedule [ 48 46 ] - Projected Rate Adjustment Clause Pursuant to § 56-585.1 A 4, [ A ] 5 b, c and d or [ A ] 6 of the Code of Virginia

Instructions: Applicant shall provide a schedule of all projected costs by type of cost and year associated with each rate adjustment clause pursuant to § 56-585.1 A 4, [ A ] 5 b, c and d or [ A ] 6 of the Code of Virginia that has been approved by the commission or for which the applicant is seeking initial approval.

Provide all documents, contracts, studies, investigations or correspondence that support projected costs proposed to be recovered via a rate adjustment clause.

Provide the annual revenue requirement over the duration of the proposed rate adjustment clause by year and by class.

Provide a detailed description of [ ~~the~~ all significant ] accounting procedures and internal controls that the company will institute to identify all costs associated with each rate adjustment clause.

(a) For a rate adjustment clause filed pursuant to § 56-585.1 A 4 of the Code of Virginia provide the docket/case number and FERC ruling approving the wholesale transmission rate/cost for which the applicant is seeking recovery approval.

(b) For a rate adjustment clause filed pursuant to § 56-585.1 A 6 of the Code of Virginia provide information relative to the need and prudence of proposed generating unit addition(s). [ ~~Such statement should demonstrate that the proposed generating unit is consistent with a least cost integrated resource plan.~~ ]

[ Applications for rate adjustment clauses for the recovery of costs of proposed new generating facilities should also provide the following information to demonstrate the reasonableness and prudence of the selection of such facilities:

(a) Feasibility and engineering design studies that support the specific plant type and site selected;

(b) Fuel supply studies that demonstrate the availability and adequacy of selected fuels;

(c) Detailed support for planning assumptions regarding plant performance and operating costs, including historical information for similar units;

(d) Economic studies that compare the selected alternative with other options considered, including sensitivity analyses and production costing simulations of the applicant's overall generating resources that demonstrate that the selected option is the best alternative;

(e) Load and generating capacity reserve forecast information that demonstrates the need for the plant in the in-service year proposed; and

(f) Detailed cost estimate for the facility, included projected costs of construction, transmission interconnections, fuel supply related infrastructure improvements and project financing. ]

Provide detailed information relative to the applicant's methodology for allocating the revenue requirement among rate classes and the design of the class rates.

Schedule [ 49 47 ] - Total Aggregated Revenues and Consumer Price Index ("CPI")

Investor-owned electric utilities subject to § 56-585.1 of the Code of Virginia shall file the following:

(a) A detailed schedule showing the calculation of total aggregate regulated rates as defined in § 56-585.1 A 9 of the Code of Virginia for each year beginning with calendar year 2010. [ ~~Provide supporting documentation of the calculation of the average rate for each class.~~ ]

(b) A schedule of annual increases in the United States Average Consumer Price Index as described in § 56-585.1 A 9 [ ~~of the Code of Virginia~~ ] beginning with calendar year 2010. Additionally, include the annual compounded amount.

[ Schedule 48-Conservation and ratemaking efficiency plans

Instructions:

Applications made pursuant to § 56-602 A and B or § 56-602 A and C of the Code of Virginia shall file the following:

(1) Provide the revenue study or class cost of service study relied upon to establish annual per-customer fixed costs on an intraclass basis.

(2) Provide detailed calculations supporting determinations of current class, normalized or proposed class revenues. Such calculations should clearly show current, normalized or proposed annual billing determinants (by rate block and class). Reconcile per books billing units to adjusted billing units itemizing changes such as customer growth, weather, and btu content and miscellaneous revenues.

(3) Provide detailed calculations supporting the revenues produced by the rates, tariff design or mechanism designed to effect the proposed conservation and ratemaking efficiency plan. Provide illustrative examples if necessary. Detail by rate schedule all miscellaneous charges and other revenues, if applicable. To the extent any of the information requested in this paragraph has been provided in (2) above, it does not need to be restated.

(4) Provide a sample billing analysis detailing the effect of the proposed rates, tariff design or mechanism designed to effect the proposed conservation or ratemaking efficiency plan on each rate schedule at representative levels of consumption.

(5) Provide the detailed calculations showing that the rates, tariff design or mechanism designed to effect the proposed conservation and ratemaking plan is revenue neutral as defined in Chapter 25 (§ 56-600 et seq.) of Title 56 of the Code of Virginia.

(6) Provide a copy of all tariff pages that the applicant proposes to revise in this proceeding, with deletions indicated by a dashed line (--) and additions indicated by an underscore.

(7) Provide a detailed description and analysis of the proposed conservation program or programs and a cost benefit assessment of the program or programs using the Total Resource Cost Test, the Societal Test, the Program Administrator Test, the Participant Test, and the Rate Impact Measure Test. Detail and support all assumptions utilized in the cost benefit assessments.

(8) Provide a detailed narrative describing the proposed normalization component that removes the effect of weather from the determination of conservation and energy efficiency results. Additionally, provide any supporting calculation of such component.

(9) Provide a detailed narrative describing the proposed decoupling mechanism.

(10) Provide a detailed narrative describing all proposed cost-effective conservation and energy efficiency plans.

(11) Provide a detailed narrative describing the provisions addressing the needs of low-income or low-usage residential customers.

(12) Provide a detailed narrative describing provisions ensuring that rates and services to nonparticipating classes of customers are not adversely impacted. Additionally, provide all studies or calculations supporting such conclusions. ]

Schedule [ 50 49 ] - Additional Schedules

Reserved for additional exhibits presented by the applicant to be labeled [ ~~50A~~ Schedule 49 ] et seq.

[ 20VAC5-201-95. Schedules 1 through 14 and exhibits for Chapter 201.

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

COMPANY NAME HISTORIC PROFITABILITY AND MARKET DATA CASE NO. PUE------						Exhibit No.: ___________ Witness: _____________ Schedule 1
Consolidated Company Profitability and Capital Market Data			4th Year Prior	3rd Year Prior	2nd Year Prior		1st Year Prior	Test Period
A. Ratios
	Return on Year End Equity Return on Average Equity
	Earnings Per Share Dividends Per Share Payout Ratio
	Market Price of Common Stock: Year's High Year's Low Average Price
	Dividend Yield on Common Stock: Price Earnings Ratio
B. External Funds Raised
	External Funds Raised - Debt: Dollar Amount Raised Coupon Rate Bond Rating(s)
		(Rating Service)
	External Funds Raised - Preferred Stock: Dollar Amount Raised Dividend Rate Preferred Stock Rating(s)
		(Rating Service)
	External Funds Raised - Common Equity Dollar Amount from Public Offering Number Shares Issued Average Offering Price
C. Subsidiary Data
	Return on Year End Equity Return on Average Equity
	External Funds Raised - Bonds: Dollar Amount Raised Coupon Rate Bond Rating(s)
		(Rating Service)
	External Funds Raised - Preferred Stock Dollar Amount Raised Dividend Rate Preferred Stock Rating(s)
		(Rating Service)
	Equity Capital Transfer
		From Parent (Dollar Amount-Net)

COMPANY NAME INTEREST AND CASH FLOW COVERAGE DATA CASE NO. PUE------						Exhibit No.: ___________ Witness: _____________ Schedule 2
Coverage Ratios and Cash Flow Profile Data			4th Year Prior	3rd Year Prior	2nd Year Prior		1st Year Prior	Test Period
A. Consolidated Company Data
	Interest Coverage Ratio
		Pre-Tax
	Cash Flow Coverage Ratios
		a. Common Dividend Coverage
		b. Cash Flow Coverage of Construction Expenditures
		c. Cash After Dividends Coverage of Construction Expenditures
	Data for Interest Coverage
		1 Net Income
		2 Income Taxes
		3 Interest on Mortgages
		4 Other Interest
		5 Total Interest
		6 Earnings Before Interest and Taxes (Lines 1+2+5)
	Data for Cash Flow Coverage
		7 Net Income
		8 AFUDC
		9 Amortization
		10 Depreciation
		11 Change in Deferred Taxes
		12 Change in Investment Tax Credits
		13 Preferred Dividends Paid
		14 Cash Flow Generated (Lines 1-8+9+10+11+12-13)
		15 Construction Expenditures
		16 Common Dividends Paid
B. Subsidiary Data
	Interest Coverage Ratio
		Pre-Tax (Line 6 [ + / ] Line 5)
	Cash Flow Coverage Ratios
		a. Common Dividend Coverage (Line 14 [ , / ] 16)
		b. Cash Flow Coverage of Construction Expenditures (Line 14 [ , / ] 15)
		c. Cash After Dividends Coverage of Construction Expenditures ((Lines 14-16) [ , / ] 15)
	Data for Interest Coverage
		1 Net Income
		2 Income Taxes
		3 Interest on Mortgages
		4 Other Interest
		5 Total Interest
		6 Earnings Before Interest and Taxes
	Data for Cash Flow Coverage
		7 Net Income
		8 AFUDC
		9 Amortization
		10 Depreciation
		11 Change in Deferred Taxes
		12 Change in Investment Tax Credits
		13 Preferred Dividends Paid
		14 Cash Flow Generated
		15 Construction Expenditures
		16 Common Dividends Paid

COMPANY NAME CAPITAL STRUCTURE AND COST OF CAPITAL STATEMENT - PER BOOKS AND AVERAGE CASE NO. PUE------							Exhibit No.:__ Witness: ____ Schedule 3
		(1)	(2)	(3)	(4)	(5)		(6)
		4th Year Prior	3rd Year Prior	2nd Year Prior	1st Year Prior	Test Period		Five-Quarter or 13-Month Average
A. Capital Structure Per Balance Sheet ($)
	Short-Term Debt Customer Deposits Other Current Liabilities Long-Term Debt Preferred & Preference Stock Common Equity Investment Tax Credits Other Tax Deferrals Other Liabilities Total Capitalization
B. Capital Structure Approved for Ratemaking Purposes ($)
	Short-Term Debt [ ~~⁽¹⁾~~ ] Long-Term Debt Preferred & Preference Stock Job Development Credits Common Equity Other (specify) Total Capitalization
C. Capital Structure Weights for Ratemaking Purposes
	Short-Term Debt Long-Term Debt Preferred & Preference Stock Job Development Credits Common Equity Other (specify) Total Capitalization (100%)
D. Component Capital Cost Rates (%)
	Short-Term Debt Long-Term Debt Preferred & Preference Stock Job Development Credits Common Equity (Authorized) Other (specify)
E. Component Weighted Cost Rates (%)
	Short-Term Debt Long-Term Debt Preferred & Preference Stock Job Development Credits Common Equity (Authorized) Other (specify) Weighted Cost of Capital
[ ~~⁽¹⁾For ratemaking purposes, short-term debt shall be based on a daily average balance over the test year or alternatively on a 13-month average balance over the test year.~~ ]

COMPANY NAME RATE OF RETURN STATEMENT - EARNINGS TEST - PER BOOKS FOR THE TEST YEAR ENDED --/--/-- USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY													Exhibit No.: ___________ Witness: _____________ Schedule 9
								(1)	(2)	(3)	(4)	(5)		(6)	(7)
LINE NO.								Total Company	Non-Juris-dictional	Virginia Cost of Service Amount (1)-(2)	Retail Transmission Per Books	Generation Per Books		Distribution Per Books	Virginia Jurisdictional Gen. and Distr. Cost of Service (5)+(6)
1		OPERATING REVENUE
2		OPERATING REVENUE DEDUCTIONS
3					OPERATION & MAINTENANCE EXPENSE
4					DEPRECIATION & AMORTIZATION
5					FEDERAL INCOME TAXES
6					STATE INCOME TAXES
7					TAXES OTHER THAN INCOME TAXES
8					(GAIN)/LOSS ON DISPOSITION OF PROPERTY
9		TOTAL OPERATING REVENUE DEDUCTIONS
10		OPERATING INCOME
11			PLUS:			AFUDC
12			LESS:			CHARITABLE DONATIONS
13						INTEREST EXPENSE ON CUSTOMER DEPOSITS
14						INTEREST ON SUPPLIER REFUNDS
15						OTHER INTEREST EXPENSE/ (INCOME)
16		ADJUSTED OPERATING INCOME
17				PLUS:			OTHER INCOME/ [ ( ] EXPENSE)
18				LESS:			INTEREST EXPENSE-BOOKED
19							PREFERRED DIVIDENDS
20							JDC CAPITAL EXPENSE	n/a	n/a	n/a	n/a	n/a		n/a	n/a
21		INCOME AVAILABLE FOR COMMON EQUITY
22		ALLOWANCE FOR WORKING CAPITAL
23				PLUS:		NET UTILITY PLANT
24				LESS:		OTHER RATE BASE DEDUCTIONS
25		TOTAL AVERAGE RATE BASE
26		TOTAL AVERAGE CAPITAL
27		AVERAGE COMMON EQUITY CAPITAL
28		% RATE OF RETURN EARNED ON AVG. RATE BASE
29		% RATE OF RETURN EARNED ON AVG. COMMON EQ.
	[ Notes: For utilities subject to § 56-585.1 of the Code of Virginia, ] Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers. Retail transmission shall not be excluded in this column.

COMPANY NAME RATE OF RETURN STATEMENT - EARNINGS TEST GENERATION AND DISTRIBUTION - PER BOOKS FOR THE TEST YEAR ENDED --/--/-- USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY							Exhibit No.: ________ Witness: __________ Schedule 10
				(1)	(2)	(3)		(4)
LINE NO.				Virginia Juris. Cost of Service Including Rate Adjusting Clauses	Rate Adjustment Clause Pursuant to § 56-585.1 A 5 b, c or d	Rate Adjustment Clause Pursuant to § 56-585.1 A 6		Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses (1)-(2)-(3)
1	OPERATING REVENUE
2	OPERATING REVENUE DEDUCTIONS
3		OPERATION & MAINTENANCE EXPENSE
4		DEPRECIATION & AMORTIZATION
5		FEDERAL INCOME TAXES
6		STATE INCOME TAXES
7		TAXES OTHER THAN INCOME TAXES
8		(GAIN)/LOSS ON DISPOSITION OF PROPERTY
9	TOTAL OPERATING REVENUE DEDUCTIONS
10	OPERATING INCOME
11		PLUS:	AFUDC
12		LESS:	CHARITABLE DONATIONS
13			INTEREST EXPENSE ON CUSTOMER DEPOSITS
14			INTEREST ON SUPPLIER REFUNDS
15			OTHER INTEREST EXPENSE/(INCOME)
16	ADJUSTED OPERATING INCOME
17		PLUS:	OTHER INCOME/(EXPENSE)
18		LESS:	INTEREST EXPENSE-BOOKED
19			PREFERRED DIVIDENDS
20			JDC CAPITAL EXPENSE	n/a	n/a	n/a		n/a
21	INCOME AVAILABLE FOR COMMON EQUITY
22		ALLOWANCE FOR WORKING CAPITAL
23		PLUS:	NET UTILITY PLANT
24		LESS:	OTHER RATE BASE DEDUCTIONS
25	TOTAL AVERAGE RATE BASE
26	TOTAL AVERAGE CAPITAL
27	AVERAGE COMMON EQUITY CAPITAL
28	% RATE OF RETURN EARNED ON AVG. RATE BASE
29	% RATE OF RETURN EARNED ON AVG. COMMON EQ.
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 9 Column (7).

COMPANY NAME RATE OF RETURN STATEMENT - EARNINGS TEST ADJUSTED TO A REGULATORY ACCOUNTING BASIS FOR THE TEST YEAR ENDED --/--/-- USING THIRTEEN MONTH AVERAGE RATE BASE AND COMMON EQUITY							Exhibit No.: ____ Witness: ______ Schedule 11
				(1)	(2)	(3)		[ ~~(4)~~ ]
LINE NO.				Per Books Virginia Juris. Cost of Service	Regulatory Accounting Adjustments	Virginia Jurisdictional Cost of Service after Adjustments (1)+(2)		[ ~~Quantification of Over/Under Earnings~~ ]
1	OPERATING REVENUE
2	OPERATING REVENUE DEDUCTIONS
3		OPERATION & MAINTENANCE EXPENSE
4		DEPRECIATION & AMORTIZATION
5		FEDERAL INCOME TAXES
6		STATE INCOME TAXES
7		TAXES OTHER THAN INCOME TAXES
8		(GAIN)/LOSS ON DISPOSITION OF PROPERTY
9	TOTAL OPERATING REVENUE DEDUCTIONS
10	OPERATING INCOME
11		PLUS:	AFUDC
12		LESS:	CHARITABLE DONATIONS
13			INTEREST EXPENSE ON CUSTOMER DEPOSITS
14			INTEREST ON SUPPLIER REFUNDS
15			OTHER INTEREST EXPENSE/(INCOME)
16	ADJUSTED OPERATING INCOME
17		PLUS:	OTHER INCOME/(EXPENSE)
18		LESS:	INTEREST EXPENSE-BOOKED
19			PREFERRED DIVIDENDS
20			JDC CAPITAL EXPENSE
21	INCOME AVAILABLE FOR COMMON EQUITY
22		ALLOWANCE FOR WORKING CAPITAL
23		PLUS:	NET UTILITY PLANT
24		LESS:	OTHER RATE BASE DEDUCTIONS
25	TOTAL AVERAGE RATE BASE
26	TOTAL AVERAGE CAPITAL
27	AVERAGE COMMON EQUITY CAPITAL
28	% RATE OF RETURN EARNED ON AVG. RATE BASE
29	% RATE OF RETURN EARNED ON AVG. COMMON EQ.
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 10 Column (4) and shall exclude Rate Adjustment Clauses. Column (1) amounts for utilities not subject to § 56-585.1 [ ~~of the Code of Virginia~~ ] shall come from Schedule 9 Column (3).

[ COMPANY NAME RATE BASE STATEMENT - EARNINGS TEST - PER BOOKS THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE								Exhibit No.: _________ Witness: ___________ Schedule 12
			(1)	(2)	(3)	(4)	(5)		(6)	(7)
LINE NO.			Total Company	Non-Juris-dictional	Virginia Cost of Service Amount (1)-(2)	Retail Transmission Per Books	Generation Per Books		Distribution Per Books	Virginia Juris-dictional Gen. and Distr. Cost of Service (5)+(6)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENTS
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12 13	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTI-ZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL AVERAGE RATE BASE
Note: For utilities subject to § 56-585.1 of the Code of Virginia, Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers. Retail transmission shall not be excluded in this column. ]

COMPANY NAME RATE [ ~~OF RETURN~~ BASE ] STATEMENT - EARNINGS TEST GENERATION AND DISTRIBUTION PER BOOKS THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE						Exhibit No.: ________ Witness: __________ Schedule 13
			(1)	(2)	(3)		(4)
LINE NO.			Virginia Juris. Cost of Service Including Rate Adjustment Clauses	Rate Adjustment Clause Pursuant to § 56-585.1 A 5 b, c or d	Rate Adjustment Clause Pursuant to § 56-585.1 A 6		Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses (1)-(2)-(3)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENTS
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION
13		AND AMORTIZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL AVERAGE RATE BASE
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 12 Column (7).

COMPANY NAME RATE BASE STATEMENT - EARNINGS TEST ADJUSTED TO A REGULATORY ACCOUNTING BASIS THIRTEEN-MONTH AVERAGE PER BOOKS RATE BASE					Exhibit No.: _______ Witness: _________ Schedule 14
			(1)	(2)		(3)
LINE NO.			Per Books Virginia Juris. Cost of Service	Regulatory Accounting Adjustments		Virginia Jurisdictional Cost of Service after Adjustments (1)+(2)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENTS
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION
13		AND AMORTIZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL AVERAGE RATE BASE
[ Notes: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 13 Column (4) and shall exclude Rate Adjustment Clauses. Column (1) amounts for utilities not subject to § 56-585.1 of the Code of Virginia shall come from Schedule 12 Column (3).

20VAC5-201-100. Schedules 15 through 22 [ and exhibits ] for Chapter 201.

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

COMPANY NAME SCHEDULE OF REGULATORY ASSETS AS OF --/--/--						Exhibit No.: ____ Witness: ______ Schedule 15
		(1)	(2)	(3)	(4)	(5)	(6)
Account Number	Description	Start of Year Date System Amount	Year Juris. Factor	Start of Year Date Juris. Amount	Test Year Amortization Expense	Test Year Accruals	End of Year Date Adjusted Amount
[ _____ ]	Individual Regulatory Asset
[ _____ ]	Related Deferred Income Tax
[ _____ ]
[ _____ ]	Individual Regulatory Asset
[ _____ ]	Related Deferred Income Tax
[ _____ ]
[ _____ ]	Individual Regulatory Asset
[ _____ ]	Related Deferred Income Tax

	Totals

COMPANY NAME DETAIL OF REGULATORY ACCOUNTING ADJUSTMENTS REFLECTED IN COL. (--) OF SCHEDULES -- AND --		Exhibit No.: _________ Witness: ___________ Schedule 16
ADJ. NO.	ADJUSTMENT	AMOUNT
	INCOME ADJUSTMENTS
	OPERATING REVENUE ADJUSTMENTS
	OPERATION AND MAINTENANCE [ ~~EXPENSES~~ EXPENSE ] ADJUSTMENTS
	DEPRECIATION EXPENSE ADJUSTMENTS
	INCOME TAXES ADJUSTMENTS
	TAXES OTHER THAN INCOME ADJUSTMENTS
	GAIN ON PROPERTY DISPOSITION ADJUSTMENTS
	CHARITABLE DONATIONS ADJUSTMENTS
	OTHER INTEREST EXPENSE/(INCOME) ADJUSTMENTS
	INTEREST EXPENSE ADJUSTMENTS
	PREFERRED DIVIDENDS ADJUSTMENTS
	JDC CAPITAL EXPENSE ADJUSTMENTS
	ALLOWANCE FOR WORKING CAPITAL ADJUSTMENTS
	ELECTRIC PLANT IN SERVICE ADJUSTMENTS
	PLANT HELD FOR FUTURE USE ADJUSTMENTS
	CONSTRUCTION WORK IN PROGRESS ADJUSTMENTS
	ACCUMULATED DEPRECIATION AND AMORTIZATION ADJUSTMENTS
	OTHER RATE BASE DEDUCTIONS ADJUSTMENTS
	COMMON EQUITY CAPITAL ADJUSTMENTS

COMPANY NAME LEAD/LAG CASH WORKING CAPITAL CALCULATION - EARNINGS TEST FOR THE YEAR ENDED --/--/-- SUPPORTING COLUMN -- OF SCHEDULE --									Exhibit No.:____ Witness:______ Schedule 17
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
		Virginia Juris. Per Books Amounts	Per Books Regulatory Accounting Adjustments	Amounts After Adj.	Average Daily Amount	Expense (Lead)/Lag Days	Revenue Lag	Net (Lead)/Lag Days	Working Capital (Provided)/ Required
OPERATING EXPENSES
O&M Expenses:
	Account # - Fuel Clause
	Account # - Fuel Clause
	Account # - Fuel Clause
	Account # - Deferred Fuel
	Payroll Expense
	Benefits and Pension Expense
	OPEB Expense
	Regulatory Asset Amortization Expense
	Uncollectible Expense
	Stores Issues
	Stored Undistributed
	Accrued Vacation Expense
	Prepaid Insurance Amortization Expense
	Worker's Compensation Expense
	Directors' Deferred Compensation Exp.
	Storm Damage Expense
	Transition Cost Expense
	Restructuring Expense
	Contingent Liabilities
	Other O&M Expenses
Depreciation Expense:
	Depreciation Expense
	Amortization Expense
	Amortization Expense
	Amortization of Regulatory Assets
Federal Income Taxes:
	Current
	Deferred
	DFIT on items excluded from Rate Base
	Deferred ITC
State Income Tax Expense
Taxes Other Than Income:
	Property Tax Expense
	Valuation Tax Expense
	Business and Occupation Tax Expense
	Payroll Tax Expense
	Other Taxes
AFUDC
Gain/Loss of Disposition of Property
Charitable Donations
Interest on Customer Deposits
Other Expense/Income (A-t-l)
Other Income/Expense (B-t-l)
Interest Expense
Preferred Dividends
JDC Expense
Income Available for Common Equity
Totals

Plus: Customer Utility Taxes

BALANCE SHEET ITEMS

TOTAL CASH WORKING CAPITAL

COMPANY NAME
BALANCE SHEET ANALYSIS - EARNINGS TEST
FOR THE THIRTEEN MONTHS ENDED --/--/--

Exhibit No.:
Witness:
Schedule 18

Additional Uses of Average Cash Working Capital

Month Prior to Test Yr.

First Month of Test Yr.

Second Month of Test Yr.

Third Month of Test Yr.

Fourth Month of Test Yr.

Fifth Month of Test Yr.

Sixth Month of Test Yr.

Seventh Month of Test Yr.

Eighth Month of Test Yr.

Ninth Month of Test Yr.

Tenth Month of test Yr.

Eleventh Month of Test Yr.

Twelfth Month of Test Yr.

Thirteen Month Average

Account Number

Account Title

Individual Uses of Cash Working Capital

Total Additional Uses of Average Cash Working Capital

Additional Sources of Average Cash Working Capital

Account Number

Account Title

Thirteen Month Average

Individual Sources of Cash Working Capital

Total Additional Sources of Average Cash Working Capital

Net (Source)/Use of Average Cash Working Capital

COMPANY NAME RATE OF RETURN STATEMENT - PER BOOKS FOR THE TEST YEAR ENDED --/--/--										Exhibit No.: _______ Witness:__________ Schedule 19
				(1)	(2)	(3)	(4)	(5)	(6)		(7)
Line No.				Total Company	Non-Jurisdictional	Virginia Cost of Service Amount (1)-(2)	Retail Transmission	Generation	Distribution		Virginia Juris-dictional Gen. and Distr. Cost of Service (5)+(6)
1	OPERATING REVENUES
2		BASE RATE REVENUES
3		FUEL REVENUES
4		LATE PAYMENT FEES
5		OTHER OPERATING REVENUES

6	TOTAL OPERATING REVENUES

7	OPERATING REVENUE DEDUCTIONS
8		OPERATION & MAINTENANCE EXPENSE
9		DEPRECIATION & AMORTIZATION
10		FEDERAL INCOME TAXES
11		STATE INCOME TAXES
12		TAXES OTHER THAN INCOME TAXES
13		GAIN)/LOSS ON DISPOSITION OF PROPERTY

14	TOTAL OPERATING REVENUE DEDUCTIONS

15	OPERATING INCOME

16		PLUS:	AFUDC
17		LESS:	CHARITABLE DONATIONS
18			INTEREST EXPENSE ON CUSTOMER DEPOSITS
19			OTHER INTEREST EXPENSE/(INCOME)

20	ADJUSTED OPERATING INCOME

21		PLUS:	OTHER INCOME/(EXPENSE [ ) ]
22		LESS:	INTEREST EXPENSE
23			PREFERRED DIVIDENDS
24			JDC CAPITAL EXPENSE

25	INCOME AVAILABLE FOR COMMON EQUITY

26		ALLOWANCE FOR WORKING CAPITAL
27		PLUS:	NET UTILITY PLANT
28		LESS [ : ]	OTHER RATE BASE DEDUCTIONS

29	TOTAL RATE BASE

30	TOTAL CAPITAL

31	COMMON EQUITY CAPITAL

32	% RATE OF RETURN EARNED ON RATE BASE % RATE OF RETURN EARNED ON COMMON EQUITY % [ ~~RATE OF~~ EQUITY ] RETURN [ ~~EARNED ON COMMON EQUITY~~ AUTHORIZED ]
33
34
[ Notes: For utilities subject to § 56-585.1 of the Code of Virginia, ] Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers. Retail transmission shall not be excluded in this column.

COMPANY NAME RATE OF RETURN STATEMENT GENERATION AND DISTRIBUTION PER BOOKS FOR THE TEST YEAR ENDED --/--/--							Exhibit No.: Witness: Schedule 20
				(1)	(2)	(3)	(4)
Line No.				Virginia Juris. Cost of Service Including Rate Adjustment Clauses	Rate Adjustment Clause Pursuant to § 56-585.1 A5 b, c or d	Rate Adjustment Clause Pursuant to § 56-585.1 A6	Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses (1)-(2)-(3)
1	OPERATING REVENUES
2		BASE RATE REVENUES
3		FUEL REVENUES
4		LATE PAYMENT FEES
5		OTHER OPERATING REVENUES
6	TOTAL OPERATING REVENUES
7	OPERATING REVENUE DEDUCTIONS
8		OPERATION & MAINTENANCE EXPENSE
9		DEPRECIATION & AMORTIZATION
10		FEDERAL INCOME TAXES
11		STATE INCOME TAXES
12		TAXES OTHER THAN INCOME TAXES
13		(GAIN)/LOSS ON DISPOSITION OF PROPERTY
14	TOTAL OPERATING REVENUE DEDUCTIONS
15	OPERATING INCOME
16		PLUS:	AFUDC
17		LESS:	CHARITABLE DONATIONS
18			INTEREST EXPENSE ON CUSTOMER DEPOSITS
19			OTHER INTEREST EXPENSE/(INCOME)
20	ADJUSTED OPERATING INCOME
21		PLUS:	OTHER INCOME/(EXPENSE)
22		LESS:	INTEREST EXPENSE
23			PREFERRED DIVIDENDS
24			JDC CAPITAL EXPENSE
25	INCOME AVAILABLE FOR COMMON EQUITY
26		ALLOWANCE FOR WORKING CAPITAL
27		PLUS: NET UTILITY PLANT
28		LESS: OTHER RATE BASE DEDUCTIONS
29	TOTAL RATE BASE
30	TOTAL CAPITAL
31	COMMON EQUITY CAPITAL
32	% RATE OF RETURN EARNED ON RATE BASE
33	% RATE OF RETURN EARNED ON COMMON EQUITY
34	% EQUITY RETURN AUTHORIZED
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 19 Column (7),

COMPANY NAME RATE OF RETURN STATEMENT REFLECTING RATEMAKING ADJUSTMENTS FOR THE TEST YEAR ENDED --/--/--								Exhibit No.: Witness: Schedule 21
				(1)	(2)	(3)	(4)		(5)
LINE NO.				[ ~~Per Books~~ ] Virginia Juris. Cost of Service	[ ~~Regulatory Accounting~~ Ratemaking ] Adjustments	Virginia Jurisdictional Cost of Service after Adjustments (1)+(2)	[ ~~Quantification of Over/Under Earnings~~ Revenue Requirement for a --% ROE ]		[ ~~Cost of Service after Quantification~~ Amounts after Revenue Requirement ] (3)+(4)
1	OPERATING REVENUES
2		BASE RATE REVENUES
3		FUEL REVENUES
4		LATE PAYMENT FEES
5		OTHER OPERATING REVENUES
6		TOTAL OPERATING REVENUES
7		OPERATING REVENUE DEDUCTIONS
8		OPERATION & MAINTENANCE EXPENSE
9		DEPRECIATION & AMORTIZATION
10		FEDERAL INCOME TAXES
11		STATE INCOME TAXES
12		TAXES OTHER THAN INCOME TAXES
13		(GAIN)/LOSS ON DISPOSITION OF PROPERTY
14		TOTAL OPERATING REVENUE DEDUCTIONS
15		OPERATING INCOME
16		PLUS:	AFUDC
17		LESS:	CHARITABLE DONATIONS
18			INTEREST EXPENSE ON CUSTOMER DEPOSITS
19			OTHER INTEREST EXPENSE/(INCOME)
20		ADJUSTED OPERATING INCOME
21		PLUS:	OTHER INCOME/(EXPENSE)
22		LESS:	INTEREST EXPENSE
23			PREFERRED DIVIDENDS
24			JDC CAPITAL EXPENSE
25		INCOME AVAILABLE FOR COMMON EQUITY
26		ALLOWANCE FOR WORKING CAPITAL
27		PLUS: NET UTILITY PLANT
28		LESS: OTHER RATE BASE DEDUCTIONS
29		TOTAL RATE BASE
30		TOTAL CAPITAL
31		COMMON EQUITY CAPITAL
32		% RATE OF RETURN EARNED ON RATE BASE
33		% RATE OF RETURN EARNED ON COMMON EQUITY
34		% EQUITY RETURN AUTHORIZED
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 20 Column (4) and shall exclude Rate Adjustment Clauses. Column (1) amounts for utilities not subject to § 56-585.1 of the Code of Virginia shall come from Schedule 19 Column (3).

COMPANY NAME RATE BASE STATEMENT - PER BOOKS AS OF --/--/--									Exhibit No.: Witness: Schedule 22
			(1)	(2)	(3)	(4)	(5)	(6)		(7)
LINE NO.			Total Company	Non-Jurisdictional	Virginia Cost of Service Amount (1)-(2)	Retail Transmission Per Books	Generation Per Books	Distribution Per Books		Virginia Jurisdictional Gen. and Distr. Cost of Service (5)+(6)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENT
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION
13		AND AMORTIZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL RATE BASE
[ Notes: For utilities subject to § 56-585.1 of the Code of Virginia, ] Column (2) nonjurisdictional shall include generation, transmission and distribution amounts attributable to nonjurisdictional customers. Retail transmission shall not be excluded in this column.

20VAC5-201-110. Schedules 23 through [ 45 28, 40 and 44 ] and exhibits for Chapter 201.

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

COMPANY NAME RATE BASE STATEMENT - GENERATION AND DISTRIBUTION PER BOOKS AS OF --/--/--						Exhibit No.: Witness: Schedule 23
			(1)	(2)	(3)		(4)
LINE NO.			Virginia Juris. Cost of Service Including Rate Adjustment Clauses	Rate Adjustment Clause Pursuant to § 56-585.1 A 5 b, c or d	Rate Adjustment Clause Pursuant to § 56-585.1 A 6		Virginia Juris. Cost of Service Excluding Rate Adjustment Clauses (1)-(2)-(3)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENT
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION
13		AND AMORTIZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL RATE BASE
[ Note: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia shall come from Schedule 22 Column (7).

COMPANY NAME RATE BASE STATEMENT REFLECTING RATEMAKING ADJUSTMENTS AS OF --/--/--					Exhibit No.: Witness: Schedule 24

LINE NO.			(1) Per Books Virginia Juris. Cost of Service	(2) [ ~~Regulatory Accounting~~ Ratemaking ] Adjustments	(3) Virginia Jurisdictional Cost of Service after Adjustments (1)+(2)
1	ALLOWANCE FOR WORKING CAPITAL
2	MATERIAL AND SUPPLIES
3	CASH WORKING CAPITAL (LEAD LAG STUDY)
4	DEFERRED FUEL/DEFERRED GAS NET OF FIT
5	OTHER WORKING CAPITAL
6	TOTAL ALLOWANCE FOR WORKING CAPITAL
7	NET UTILITY PLANT
8	UTILITY PLANT IN SERVICE
9	ACQUISITION ADJUSTMENT
10	CONSTRUCTION WORK IN PROGRESS
11	PLANT HELD FOR FUTURE USE
12	LESS:	ACCUMULATED PROVISION FOR DEPRECIATION
13		AND AMORTIZATION
14		CUSTOMER ADVANCES FOR CONSTRUCTION
15	TOTAL NET UTILITY PLANT
16	RATE BASE DEDUCTIONS
17	CUSTOMER DEPOSITS
18	SUPPLIER REFUNDS
19	ACCUMULATED DEFERRED INCOME TAXES
20	OTHER COST FREE CAPITAL
21	TOTAL RATE BASE DEDUCTIONS
22	TOTAL RATE BASE
[ Notes: ] Column (1) amounts for utilities subject to § 56-585.1 of the Code of Virginia [ ~~hall~~ shall ] come from Schedule 23 Column (4) and shall exclude Rate Adjustment Clauses.
Column (1) amounts for utilities not subject to § 56-585.1 of the Code of Virginia shall come from Schedule 22 Column (3).

	COMPANY NAME DETAIL OF RATEMAKING ADJUSTMENTS REFLECTED IN COL. (--) OF SCHEDULES -- AND --	Exhibit No.: __ Witness: _ Schedule 25
ADJ. NO.	ADJUSTMENT	AMOUNT
	INCOME ADJUSTMENTS
	OPERATING REVENUE ADJUSTMENTS
	OPERATION AND MAINTENANCE EXPENSE ADJUSTMENTS
	DEPRECIATION EXPENSE ADJUSTMENTS
	INCOME TAX ADJUSTMENTS
	TAXES OTHER THAN INCOME ADJUSTMENTS
	GAIN ON PROPERTY DISPOSITION ADJUSTMENTS
	CHARITABLE DONATION ADJUSTMENTS
	OTHER INTEREST EXPENSE/(INCOME) ADJUSTMENTS
	INTEREST EXPENSE ADJUSTMENTS
	PREFERRED DIVIDENDS ADJUSTMENTS
	JDC CAPITAL EXPENSE ADJUSTMENTS
	ALLOWANCE FOR WORKING CAPITAL ADJUSTMENTS
	ELECTRIC PLANT IN SERVICE ADJUSTMENTS
	PLANT HELD FOR FUTURE USE ADJUSTMENTS
	CONSTRUCTION WORK IN PROGRESS ADJUSTMENTS
	ACCUMULATED DEPRECIATION AND AMORTIZATION ADJUSTMENTS
	OTHER RATE BASE DEDUCTIONS ADJUSTMENTS
	COMMON EQUITY CAPITAL

[ COMPANY NAME REVENUE REQUIREMENT RECONCILIATION	Schedule 26
	Revenue Requirement
Per Books Revenue Deficiency
Capital Structure Changes
Rate Base Update
Other Rate Base Adjustments
Payroll, Benefits and Payroll Taxes
Other Business and Affiliate Charges
Storm Damage
Decommissioning
Other Revenue Adjustments
Other Miscellaneous Adjustments
Company Proposed Revenue Requirement
Note: The topics or subjects listed above are included for illustrative purposes. Applicant's schedule should include company specific topics/subjects.

[ FOR ILLUSTRATIVE PURPOSES ONLY
COMPANY NAME REVENUE REQUIREMENT RECONCILIATION Supporting Schedule						Supporting Schedule 26
	(1)	(2)	(3)	(4)	(5)	(6)	(7)
	Amounts	Net of Tax Overall Cost of Capital	Required AOI (1)*(2)	1-Fit Rate	Subtotal (3)*(4)	Gross-up Factor	Revenue Requirement (5)/(6)
Per Books Revenue Deficiency Capital Structure Items: ROE from 11.5% to 10.5% (midpoint of range) Capital Structure Changes Total Capital Structure Charges
Rate Base Update: Rate Base Update Customer Growth Late Payment Revenues Depreciation Expense Property Tax Expense Liberalized Depreciation Liberalized Depreciation - New Rates Clover Allocation Factor Accumulated Depreciation - Current Rates Total Rate Base Update
Other Rate Base Adjustments: Deferred Fuel at 100% Contra-AFC Connection Cash Working Capital on Sch. D and E Total other Rate Base Adjustments
Payroll, Benefits and Payroll Taxes: Employee Payroll Fringe Benefits Incentive Pay OPEB Expense Payroll Taxes Total Payroll, Benefits and Payroll Taxes
Storm Damage: Storm Damage Expense & Related OT Storm Damage Payroll Taxes Total Storm Damage
Other Revenue Adjustments: Transmission Service Revenues Wholesale Contract Renegotiations Total Other Revenue Adjustments
Other Miscellaneous Adjustments FIT on per books JDC FIT on other Interest and Preferred Dividends Computer Leases Obsolete Inventory Amortization Nonoperating Expenses Fuel Handling Expense West Virginia State Income Taxes Interest on Customer Deposits Advertising Expense Miscellaneous Charitable Donations Total Other Miscellaneous Adjustments
Company Proposed Revenue Requirement ]

COMPANY NAME LEAD/LAG CASH WORKING CAPITAL CALCULATION - ADJUSTED FOR THE YEAR ENDED --/--/-- SUPPORTING COLUMN -- OF SCHEDULE --								Exhibit No.:____ Witness:_______ Schedule 27
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
	Virginia Juris. Per Books Amounts	Rulemaking Adjustments	Amounts After Adj.	Average Daily Amount	Expense (Lead)/Lag Days	Revenue Lag	Net (Lead)/Lag Days	Working Capital (Provided)/ Required
OPERATING EXPENSES
O&M Expenses:
	Account # - Fuel Clause Account # - Fuel Clause Account # - Fuel Clause Account # - Deferred Fuel Payroll Expense Benefits and Pension Expense OPEB Expense Regulatory Asset Amortization Expense Uncollectible Expense Stores Issues Stored Undistributed Accrued Vacation Expense Prepaid Insurance Amortization Expense Worker's Compensation Expense Directors' Deferred Compensation Exp. Storm Damage Expense Transition Cost Expense Restructuring Expense Contingent Liabilities Other O&M Expenses
Depreciation Expense:
	Depreciation Expense Amortization Expense Amortization Expense Amortization of Regulatory Assets
Federal Income Taxes:
	Current Deferred DFIT on items excluded from Rate Base Deferred ITC
State Income Tax Expense
Taxes Other Than Income:
	Property Tax Expense Valuation Tax Expense Business and Occupation Tax Expense Payroll Tax Expense Other Taxes
AFUDC
Gain/Loss of Disposition of Property
Charitable Donations
Interest on Customer Deposits
Other Expense/Income (A-t-l)
Other Income/Expense (B-t-l)
Interest Expense
Preferred Dividends
JDC Expense
Income Available for Common Equity
Totals
Plus: Customer Utility Taxes
BALANCE SHEET ITEMS
TOTAL CASH WORKING CAPITAL

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

Exhibit No.:
Witness:
Schedule 28

Additional Uses of Cash Working Capital

First Month

Second Month

Third Month

Fourth Month

Fifth Month

Sixth Month

Seventh Month

Eighth Month

Ninth Month

Tenth Month

Eleventh Month

Twelfth Month

Thirteen Month Average

Account Number

Account Title

Individual Uses of Cash Working Capital

Total Additional Uses of Average Cash Working Capital

Additional Sources of Average Cash Working Capital

Account Number

Account Title

Thirteen Month Average

Individual Sources of Cash Working Capital

Total Additional Sources of [ ~~Average~~ ] Cash Working Capital

Net (Source)/Use of [ ~~Average~~ ] Cash Working Capital

COMPANY NAME JURISDICTIONAL COST OF SERVICE STUDY (METHODOLOGY) COST ALLOCATION STUDY CASE NO. PUE------										Exhibit No.: Witness: Schedule 40 A and B
			(1)	(2)	(3)	[ ~~(4)~~	[ ~~(5)~~	[ ~~(6)~~	[ ~~(7)~~		[ ~~(8)~~
Line No.	Description		Total System	Virginia Non-Juris.	Virginia Per Books Amount (1)-(2)	Rate Adjustment Clause Pursuant to § 56-585.1 A4 ]	~~Rate Adjustment Clause Pursuant to § 56-585.1 A5, b, c or d~~ ]	~~Rate Adjustment Clause Pursuant to § 56-585.1 A6~~ ]	Virginia Commission Jurisdictional Regulated Amount (3)-(4)-(5)-(6) ]		~~Allocation Basis~~ ]
10	Operating Revenues
20
30	Operating [ ~~Expenses~~ and Maintenance Expense ]
40	Depreciation [ ~~Expenses~~ Expense ]
50	Amortization
60	[ Federal ] Income Taxes
70	State Income Taxes
80	Taxes Other than Income
90
100	Total Operating [ ~~Expenses~~ and Maintenance Expense ]
110
120	Net Operating Income
130
140	Adjustments to Operating Income
150
160	Add:	AFUDC
170	Less:	Charitable Donations
180		Interest Exp. - Customer Dep.
190
200	Adjusted Net Operating Income
210
220	Rate Base
230
240	ROR Earned on Rate Base

COMPANY NAME CLASS COST OF SERVICE STUDY (METHODOLOGY) COST ALLOCATION STUDY CASE NO. PUE------									Exhibit No.: Witness: Schedule 40C
			(1)	(2)	(3)	(4)	(5)	(6)		(7)
Line No.	Description		Virginia Juris.	Class	Class	Class	Class	Class		Allocation Basis
10	Operating Revenues
20
30	Operating [ ~~Expenses~~ Expense ]
40	Depreciation [ ~~Expenses~~ Expense ]
50	Amortization
60	[ Federal ] Income Taxes
70	State Income Taxes
80	Taxes Other than Income
90
100	Total Operating [ ~~Expenses~~ and Maintenance Expense ]
110
120	Net Operating Income
130
140	Adjustments to Operating Income
150
160	Add:	AFUDC
170	Less:	Charitable Donations
180		Interest Exp. - Customer Dep.
190
200	Adjusted Net Operating Income
210
220	Rate Base
230
240	ROR Earned on Rate Base

[ COMPANY NAME PER BOOKS DEFERRAL RECORDED ] PURSUANT TO [ §§ 56-249.6, 56-582 AND 58.1-3833 OF THE CODE OF VIRGINIA FOR THE YEAR ENDED --/--/--				Exhibit No.: Witness: Schedule 44
~~LINE NO.~~	~~MONTH~~	~~A/C NO. DEBITS~~	~~A/C NO. CREDITS~~	~~A/C NO. BALANCE~~
1	~~BEGINNING BALANCE~~
2
3
4
5
6
7
8
9
10
11
12
13
14	~~ENDING BALANCE~~ ]

COMPANY NAME RATE ADJUSTMENT CLAUSES PURSUANT TO § 56-585.1 A4, A5 AND/OR A6 OF THE CODE OF VIRGINIA FOR THE YEAR ENDED --/--/--				Exhibit No.: Witness: Schedule [ 45 44 ]
LINE NO.	MONTH	A/C NO. DEBITS	A/C NO. CREDITS	A/C NO. BALANCE
1	BEGINNING BALANCE
2
3
4
5
6
7
8
9
10
11
12
13
14	ENDING BALANCE

20VAC5-403-70. Exemptions.

A small telephone company subject to the Small Investor-Owned Telephone Utility Act (§ 56-531 et seq. of the Code of Virginia) shall be exempt, for all purposes, from the Rules Governing Utility Rate Increase Applications and Annual Informational Filings, ~~20VAC5-200-30~~ 20VAC5-201, as they may be modified from time to time.

VA.R. Doc. No. R08-1134; Filed December 16, 2008, 11:45 a.m.

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Rules:: 20VAC5-200-30
20VAC5-201-10
20VAC5-201-20
20VAC5-201-30
20VAC5-201-40
20VAC5-201-50
20VAC5-201-60
20VAC5-201-70
20VAC5-201-80
20VAC5-201-85
20VAC5-201-90
20VAC5-201-95
20VAC5-201-110
20VAC5-403-70

20VAC5-201 Rules Governing Utility Rate Increase Applications, Annual Informational Filings, Optional Performance-Based Regulation Applications, Biennial Review

REGULATIONSVol. 25 Iss. 9 - January 05, 2009

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REGULATIONS
Vol. 25 Iss. 9 - January 05, 2009