Rhode Island Code of Regulations › Title 810 - Public Utilities Commission › Chapter 00 - General Administration › Subchapter 00 - N/A › Part 5 - Additional Requirements for Filings of General Rate Schedule Changes › Section 810-RICR-00-00-5.8 - Supporting Information and Workpapers To Be Filed by Investor-Owned Utilities.

Current through June 14, 2024
A. In addition to
				 the materials required by §
										5.5     of this Part, any utility that is a
				 private or publicly-held investor-owned entity (as opposed to a municipal or
				 quasi-public entity that is a not-for-profit organization), is required to file
				 the following:
1. Rate base schedules for the
				 test year period and for the proposed rate year. The test year shall reflect an
				 average rate base based upon a monthly averaging of balances, or beginning and
				 end of year averages where such amounts are not significant in relation to the
				 total rate base (less than 2% of rate base).
2. Cost of service schedules for the test
				 year and for the proposed rate year.
3. The capitalization of the utility for the
				 following periods:
a. the test year, either
				 average balances or end of test year balances;
b. the actual capitalization of the utility
				 for the latest date available prior to filing;
c. the capital structure utilized by the
				 company for the determination of new rates. If this differs from the actual
				 capital structure data, the proforma changes are to be fully explained and
				 supported.
4. Workpapers
				 supporting any claim for an allowance for working capital.
5. Workpapers supporting allocations of rate
				 base and cost of service amounts among jurisdictions (intra/interstate) or
				 entities operated from or in association with the utility.
6. Workpapers detailing additions to or
				 retirements from plant and depreciation accounts where proforma amounts differ
				 from the test year. Detail data in support of depreciation charges is required,
				 including asset lives, salvage values/costs, etc. for major account
				 categories.
7. An analysis of
				 material and supply inventory balances included in rate base for test year and
				 rate year periods. Gas companies should provide monthly inventory figures for
				 the test year for gas inventories.
8. Workpapers detailing the test year and
				 rate year revenues by source, tariff, rate class, etc. The sales
				 volumes/quantities and customer counts by rate class shall be presented. The
				 basis/calculation for rate year sales volumes and customer counts is to be
				 provided. The total rate year revenues must be supported by a billing analysis
				 utilizing the above data and the proposed rates.
9. For each rate class, the effect of the
				 proposed rate changes shall be presented in a comparative billing format,
				 showing current and proposed, for typical or varying usage levels. A copy or
				 sample of the utility's actual billing statement shall be presented.
10. An analysis of revenues and associated
				 expenses for the test year pertaining to adjustment clauses. All appropriate
				 data should be disclosed, including refund information, total adjustment clause
				 revenues, gross receipts tax payments, etc. The difference between adjustment
				 clause revenues and recoverable expense for the test year must be shown. In
				 general, revenues and expenses relating to adjustment clauses will not be
				 reflected in the cost of service, except for that portion which is to be
				 included in the firm/base rates of the utility.
11. A calculation of the test year and rate
				 year federal income tax amounts. For the test year, present a reconciliation of
				 book and taxable income as required and filed in the Annual Report to the
				 Commission.
12. A calculation of
				 the test year and rate year deferred federal income tax amounts. Indicate which
				 book/timing differences are specifically provided for in calculating the rate
				 year deferred federal income taxes. Show and explain the treatment for any
				 changes in deferred federal income tax balances as a result of any change in
				 the federal tax laws to include (but not limited to) excess deferred taxes
				 created by a reduction in the federal income tax rates.
13. A description of the treatment of
				 investment tax credits and any elections made under the Internal Revenue
				 Code.
14. If the company files a
				 consolidated tax return, show the estimated rate year tax savings resulting
				 from the filing of a consolidated return. Explain fully the method of computing
				 the tax savings.
15. A calculation
				 of the rate year tax expense for the Rhode Island Gross Receipts tax.
16. A calculation and explanation of the
				 method used to calculate the rate year municipal tax expense, if applicable.
				 Also, show the municipal tax expense for the prior three (3) years.
17. Show the number of employees at beginning
				 and end of test year and the dollar amount of overtime paid during the test
				 year and the previous two (2) years. Indicate the number of employees and the
				 amount of overtime provided for in the cost of service for the rate
				 year.
18. Present a summary of
				 transactions with affiliated companies, officers, and stockholders which
				 occurred during the test year. Provide beginning and end of test year amounts
				 owed and the latest balance(s) prior to the filing. To be included are the
				 following:
a. billings to/from
b. loans to/from
c. sales/purchases of goods, services or
				 property
d. expense allocations
				 among affiliates
e. receivables
				 to/from affiliates and others.
19. The following statements or financial
				 data are to be provided when the test year does not coincide with the latest
				 fiscal year shown in the annual report provided in the filing:
a. a balance sheet as of the end of the test
				 year;
b. an income statement for
				 the test year;
c. a statement of
				 changes in retained earnings for the test year.
20. If utility assets are pledged as security
				 on loans, notes, or any other form of debt instrument, full disclosure shall be
				 made as to: description or identification of assets pledged;
				 description/identification of the debt instruments; outstanding debt
				 balance(s); disposition of debt proceeds; any default or impending default
				 under the terms of any loan provisions; and any other pertinent
				 information.
21. A summary of
				 expenses incurred and projected to be incurred related to the instant rate case
				 filing, and a schedule showing any unamortized amounts from prior rate filings.
				 This schedule shall reconcile the total amount of expense allowed in the last
				 order, the recovery (or amortization) of expense through the test year, and the
				 projected balance of any unrecovered (unamortized) amount at the beginning of
				 the rate year.
22. The utility
				 shall present information for the preceding five (5) years disclosing the
				 following data, as appropriate for the utility:
a. unaccounted for water;
b. loss on transmission of electricity or
				 gas;
c. the utility's own use of
				 water, electricity, or gas.
23. A summary of the status of compliance and
				 reporting required by prior Commission orders.