Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 7 - Regulatory Commission of Alaska › Chapter 48 - Practice and Procedure › Article 2 - Utility and Pipeline Tariffs › 3 AAC 48.274 - Pipeline carrier initial rate filings

Current through May 31, 2024
(a) Each filing
				  with the commission of an initial pipeline tariff rate for a newly constructed
				  pipeline or a pipeline not previously regulated under AS 42.06 must include
(1) a statement of assets, liabilities, and
				  other credits as of the beginning of the calendar or fiscal year following the
				  projected commencement of regulated pipeline operation;
(2) a statement of annual income and
				  operating expenses as of the beginning of the calendar or fiscal year following
				  the projected commencement of regulated pipeline operation;
(3) a statement of the pipeline carrier's
				  equity position to include capital stock, retained earnings, owner's equity, or
				  fund balances for the beginning of the calendar or fiscal year following the
				  projected commencement of regulated pipeline operation;
(4) a schedule showing the calculation of the
				  initial rates;
(5) a schedule
				  showing the computations of the revenue requirement for the calendar or fiscal
				  year following the projected commencement of regulated pipeline
				  operation;
(6) a schedule showing
				  estimated operating revenues and expenses for the calendar or fiscal year
				  following the projected commencement of regulated pipeline operation;
(7) a schedule showing the computation of the
				  pro forma provision for income taxes for the calendar or fiscal year following
				  the projected commencement of regulated pipeline operation;
(8) a schedule showing the computation of
				  rate base using the initial balances of all rate base components;
(9) a summary of
(A) pipeline plant and depreciation for the
				  first calendar or fiscal year following the projected commencement of regulated
				  pipeline operation, showing plant in service;
(B) depreciation expense for each plant
				  account;
(C) the depreciation
				  method;
(D) asset life;
				  and
(E) net salvage value used for
				  computing depreciation expense and the beginning-of-year balance of each plant
				  account and the related account for accumulated depreciation;
(10) a schedule showing the pro
				  forma cash working capital requirement based on the projected
				  test-year;
(11) a schedule showing
				  the computation of weighted cost of capital, separately delineating
(A) the percentage amount and embedded cost
				  of debt;
(B) the percentage amount
				  and rate of return on equity; and
(C) the resultant returns on the rate base
				  computed in (8) of this subsection;
(12) a schedule showing all liabilities of
				  long-term debt at the beginning of the calendar or fiscal year following the
				  projected commencement of regulated pipeline operation, including
(A) a description of each
				  obligation;
(B) the nominal date of
				  issue;
(C) the date of
				  maturity;
(D) the authorized face
				  amount; and
(E) a computation of
				  embedded cost of debt used in (11) of this subsection; and
(13) prefiled direct testimony complying with
				  3 AAC 48.153 that supports the information filed with
				  the application, and a list of the witnesses filing testimony.