Virginia Administrative Code › Title 20 - PUBLIC UTILITIES AND TELECOMMUNICATIONS › Agency 5 - STATE CORPORATION COMMISSION › Chapter 205 - RULES GOVERNING UTILITY RATE APPLICATIONS AND ANNUAL INFORMATIONAL FILINGS OF INVESTOR-OWNED GAS UTILITIES › Section 20VAC5-205-90 - Instructions for schedules and exhibits for this chapter

Current through Register Vol. 40, No. 24, July 15, 2024
The following instructions for schedules and exhibits are to
				  be used in conjunction with this chapter:
Schedule 1 - Historical Profitability and Market
				  Data
Instructions: Using the format of Form Schedule 1 and the
				  following definitions, provide the data for the test period and four prior
				  fiscal years. The information shall be compatible with the latest SEC Form 10-K
				  consolidated financial statements (including any restatements) or annual report
				  if an SEC Form 10-K is not available. Information in Sections A and B shall be
				  compiled for the corporate entity that raises equity capital in the
				  marketplace. Information in Section C of Schedule 1 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 and Previous
				  Year
Earnings Per Share = Earnings Available for Common
				  Shareholders/Average Number Common Shares Outstanding
Dividends Per Share = Common Dividends Paid per Share During
				  the Year
Payout Ratio = Dividends Per Share/Earnings Per Share
Dividend Yield = Dividends Per Share/ Year End Price
Price Earnings Ratio = Average Market Price/Earnings Per
				  Share
Schedule 2 - Interest and Cash Flow Coverage
				  Data
Instructions: This schedule shall be prepared using the
				  following definitions and instructions and presented in the format of Form
				  Schedule 2. 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 the applicant is a subsidiary.
- Interest (Lines 3, 4, and 5) shall include amortization of
				  expenses, hedging gains and losses, 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 shall be
				  stated per books.
- Construction expenditures (Line 15) are net of
				  AFUDC.
- Common dividends (Line 16) for a subsidiary shall be stated
				  per books.
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, and the component cost and weighted
				  cost, using the format in Form Schedule 3. 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 Securities and Exchange Commission Form 10-K consolidated financial
				  statement (including any restatements) or annual report if an SEC Form 10-K is
				  not available. 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 all short-term debt, revolving credit
				  agreements, and similar short-term financing arrangements in Part B shall be
				  based 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 Investment Tax Credits (ITC) cost is equal to the
				  weighted cost of permanent capital (long-term debt, preferred stock, and common
				  equity).
Adjustments made to per books amounts shall be fully
				  documented and explained.
In an application for a rate adjustment clause pursuant to
				  any Code of Virginia section that allows the applicant to seek recovery of a
				  return on investment, Schedule 3 information in Parts B through E shall be
				  provided for each capital structure used to calculate the revenue
				  requirement.
Schedule 4 - Schedules of Long-Term Debt, Preferred
				  Stock, Investment Tax 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, and effective
				  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 the applicant's last rate case. In addition, a detailed breakdown
				  of all investment tax credits should be provided that reconciles to the per
				  books balance of investment tax credits. These schedules should include
				  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.
In an application for a rate adjustment clause pursuant to
				  any Code of Virginia section that allows the applicant to seek recovery of a
				  return on investment, Schedule 4 information shall be provided for long-term
				  debt, preferred stock, and investment tax credits in each capital structure
				  used to calculate the revenue requirement if the applicant proposes a cost of
				  capital that differs from the last authorized cost of capital.
Schedule 5 - Schedule of Short-Term Debt, Revolving
				  Credit Agreements, and similar Short-Term Financing Arrangements
Instructions: 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.
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.
In an application for a rate adjustment clause pursuant to
				  any Code of Virginia section that allows the applicant to seek recovery of a
				  return on investment, Schedule 5 information shall be provided for short-term
				  financing included in each capital structure used to calculate the revenue
				  requirement if the applicant proposes a cost of capital that differs from the
				  last authorized cost of capital.
Schedule 6 - Public Financial Reports
Instructions: Provide copies, or a link to where such copies
				  can be found on the Internet, 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 the applicant is a subsidiary. If
				  published, provide a copy or a link to where such copy can be found on the
				  Internet 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. In lieu of providing a copy, the applicant may provide a link to
				  where such information can be found on the Internet.
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 rate of each component of the proposed capital
				  structure, and explain all assumptions used.
In an application for a rate adjustment clause pursuant to
				  any Code of Virginia section that allows the applicant to seek recovery of a
				  return on investment, Schedule 8 information shall be provided for the proposed
				  capital structure used to calculate the revenue requirement if different from
				  Schedule 3.
Schedule 9 - Rate of Return Statement - Earnings Test -
				  Per Books
Instructions: Use format of Form Schedule 9.
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.
Schedule 11 - Rate of Return Statement - Earnings Test
				  - Adjusted to A Regulatory Accounting Basis
Instructions: Use format of Form Schedule 11.
Schedule 11 adjustments in Column (2) shall reflect any
				  financial differences between per books and regulatory accounting as prescribed
				  by the State Corporation Commission. Each Column (2) adjustment shall be
				  separately identified and reflected in Schedule 16.
A per books regulatory accounting adjustment to reflect
				  Investment Tax Credits (ITC) Capital Expense shall be reflected in Schedule 11
				  Column (2), if applicable. Column (3) ITC Capital Expense shall be calculated
				  as follows:
ITC Capital Expense = Rate Base (line 25) * weighted cost of
				  ITC 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 ITC capital (Sch. 3) * weighted cost of debt component of the
				  ITC 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
Instructions: Use format of Form Schedule 12.
Applicants must use the same methodology to calculate cash
				  working capital allowance as was employed in the applicant's most recent base
				  rate case.
Schedule 14 - Rate Base Statement - Earnings Test -
				  Adjusted to Regulatory Accounting Basis
Instructions: Use format of Form Schedule 14.
Cash working capital allowance shall be calculated using the
				  instructions in Schedule 12. Schedule 14 Column (2) shall reflect adjustments
				  necessary to identify any financial differences between per books and
				  regulatory accounting as prescribed by the State Corporation Commission. Each
				  Column (2) adjustment shall be separately identified and reflected in Schedule
				  16.
Instructions: If applicable per Schedules 9 and 12
				  instructions. Use format of Form Schedule 15.
All regulatory assets shall be individually listed with
				  associated deferred income tax. Indicate whether the regulatory asset (i) is
				  proposed in the current proceeding; (ii) was previously approved by the State
				  Corporation Commission; (iii) is not subject to an earnings test; or (iv) is
				  for financial purposes only. Also include Eligible Safety Activity Cost
				  deferrals pursuant to §
									56-235.10 of the Code of
				  Virginia.
Schedule 15 - Schedule of Regulatory
				  Assets
Instructions: If applicable per Schedules 9 and 12
				  instructions.
Use format of Form Schedule 16.
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 Form 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 and 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 Form Schedule 18.
All uses and sources of cash working capital shall be
				  detailed in this schedule. The associated accumulated deferred income tax
				  (ADIT) shall also be included as a use or source.
The Net Source/Use of Average Cash Working Capital determined
				  in this schedule shall be included in Schedule 17.
Support for Schedule 18 shall include a list of all balance
				  sheet subaccounts and titles. Indicate whether the account's impact is included
				  in (i) the balance sheet analysis; (ii) the capital structure; (iii) the income
				  statement portion of the lead/lag study; (iv) elsewhere in rate base; or (v)
				  excluded from cost of service. Applicants shall also include a brief
				  description of the costs in each account.
Schedule 19 - Rate of Return Statement - Per
				  Books
Instructions: Use format of Form Schedule 19.
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 end of test year level rate base.
Schedule 21 - Rate of Return Statement - Reflecting
				  Ratemaking Adjustments
Instructions: Use format of Form Schedule 21 and Form
				  Supporting Steps to Advance Virginia's Energy (SAVE) Roll-in Schedule 21, as
				  appropriate.
Schedule 21 Column (2) adjustments shall be separately
				  identified and reflected in Schedule 25.
Applicants not proposing a Roll-in of a SAVE Rider may omit
				  Supporting SAVE Roll-in Schedule 21.
Interest expense, preferred dividends, and common equity
				  capital shall be calculated by using the capital structure included in Schedule
				  3 or Schedule 8 and an adjusted level of rate base.
After ratemaking adjustments, ITC capital expense shall be
				  calculated as follows:
Total rate base (line 29) * weighted cost of ITC capital in
				  Schedule 3 or Schedule 8
Applicants filing pursuant to
				  20VAC5-205-30 may omit Columns (4)
				  through (7).
Schedule 22 - Rate Base Statement - Per
				  Books
Instructions: Use format of Form Schedule 22.
Applicants with jurisdictional per books operating revenues
				  more than $150 million shall calculate cash working capital allowance using a
				  lead/lag study. Schedules 27 and 28 shall be provided detailing the cash
				  working capital computation for Columns (1), (3), and (7). Applicants with
				  jurisdictional per books operating revenues between $30 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 $30 million may use a formula method to calculate cash working
				  capital.
Schedule 24 - Rate Base Statement - Adjusted -
				  Reflecting Ratemaking Adjustments
Instructions: Use format of Form Schedule 24 and Form
				  Supporting SAVE Roll-in Schedule 24, as appropriate.
Cash working capital allowance shall be calculated using
				  instructions in Schedule 22.
Applicants not proposing a Roll-in of a SAVE Rider may omit
				  Supporting SAVE Roll-in Schedule 24.
Schedule 25 - Detail of Ratemaking
				  Adjustments
Instructions: Use format of Form Schedule 25.
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 in accordance with applicable rules and laws governing
				  utility rate changes. 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. In addition, separate adjustments shall be made for
				  the purpose of identifying SAVE components. Examples of these adjustments
				  include (i) removing the rate year level of SAVE-related depreciation expense
				  and property taxes, (ii) removing the rate year 13-month average level of
				  SAVE-related rate base (including ADIT), and (iii) eliminating SAVE-related
				  revenues.
Detailed workpapers substantiating each adjustment shall be
				  provided in Schedule 29.
Schedule 26 - Revenue Requirement
				  Reconciliation
Instructions: Use format of Form Schedule 26 for lead
				  schedule. An example of a supporting schedule is provided.
Provide a reconciliation showing the revenue requirement
				  impact of (i) each adjustment (including its income tax effects), (ii) the
				  proposed capital structure, (iii) the proposed ROE, (iv) the proposed cost of
				  debt, and (v) each other proposal impacting the requested revenue
				  requirement.
Schedule 27 - Lead/Lag Cash Working Capital Calculation
				  - Adjusted
Instructions: Use format of Form 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 and 24.
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 28 - Balance Sheet Analysis -
				  Adjusted
Instructions: Use format of Form Schedule 28.
All uses and sources of cash working capital shall be
				  detailed in this schedule. The associated ADIT shall also be included as a use
				  or source.
Support for Schedule 28 should include a list of all balance
				  sheet subaccounts and titles. Additionally, support for Schedule 28 should
				  include a brief description of the cost in each balance sheet subaccount,
				  whether the cost is presented on an end-of-period or 13-month average basis,
				  and the reasons why such cost is presented on an end-of-period or 13-month
				  average basis. Indicate whether the account's impact is included in (i) the
				  balance sheet analysis; (ii) the capital structure; (iii) the income statement
				  portion of the lead/lag study; (iv) elsewhere in rate base; or (v) excluded
				  from cost of service. Include a brief description of the costs included in each
				  account. Whether the cost is presented on an end-of-period or 13-month average
				  basis, applicants shall provide the monthly balances making up the 13-month
				  average.
The Net Source/Use of Average Cash Working Capital determined
				  in this schedule shall be included in Schedule 27.
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 narrative explaining the purpose and methodology used for each
				adjustment identified in subsections b and d of these instructions that have
				not been addressed in the applicant's direct 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 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 of these instructions 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 of the primary employee responsible for the adjustment. All documents and
				information as referenced in these instructions should include 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 source documents used to prepare such
				calculation.
e. Provide all
				relevant documents and information necessary to support the summary calculation
				required in subsection d of these instructions 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 of the
				primary employees responsible for the adjustment. All documents and information
				as referenced in subsections a through e of these instructions should include
				general ledgers, payroll distributions, billing determinants, invoices, and
				actuarial reports.
Schedule 30 - Revenue and Expense Variance
				  Analysis
Instructions: Applicant shall quantify jurisdictional
				  operating revenues and system operating and maintenance expenses by primary
				  account as specified by the Federal Energy Regulatory Commission Uniform System
				  of Accounts (USOA account) during the test period and the preceding 12 months.
				  Also, provide jurisdictional sales volumes by customer class for the test
				  period.
Applicants shall file a schedule detailing all revenue and
				  expense accounts by month for the test period. 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-tenth of one percent (.001) of Operating &
				  Maintenance expenses excluding purchased gas adjustment costs. Additionally,
				  the applicant shall provide an electronic spreadsheet version of the accounts
				  payable ledger or schedule of all accounts payable electronically to the
				  Division of Utility Accounting and Finance within five business days of the
				  application filing date.
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 the
				  applicant seeks rate relief, demonstrate that the applicant's advertising meets
				  the criteria established in §
									56-235.2.
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
				  Transactions
Instructions: For purposes of this schedule affiliate
				  transactions shall be defined to include (i) goods exchanged between an
				  applicant and its affiliates; (ii) services exchanged between an applicant and
				  its affiliates; and (iii) transactions where a third party indirect affiliate
				  provides goods or services on behalf of a direct affiliate that are passed
				  through to applicant. If any portion of the required information has been filed
				  with the State Corporation Commission (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 detailed narrative description of each type of
				  affiliated good or service (i) received or (ii) provided by an applicant during
				  the test period.
Provide detailed schedules for each approved affiliate
				  transaction electronically to the Division of Utility Accounting and Finance in
				  an electronic spreadsheet, including all underlying formulas and assumptions on
				  the application filing date, detailing costs by type of good or service (e.g.
				  accounting, auditing, legal and regulatory, human resources, etc.) (i) received
				  or (ii) provided, 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, as it is recorded on the regulated entity's books.
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. Separately quantify excess deferred income taxes
				  amortization on both a total company and Virginia jurisdictional basis. Also,
				  differentiate between protected (subject to Internal Revenue Service
				  normalization rules) and unprotected amortization and state the amortization
				  method and period applicable to each. 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 on both a total company and
				  Virginia jurisdictional basis. Such schedule should quantify individual
				  reconciling items by dollar amount and percentage. Individual items should
				  include permanent differences (itemize), flow-through depreciation, excess
				  deferred FIT amortization, and deferred ITC amortization.
Provide a detailed listing of individual ADIT 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 ADIT 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 a detailed reconciliation between the federal and
				  state current tax expense on a stand-alone basis and the actual per book
				  federal and state current tax 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 ADIT amounts as of the
				  end of the test period, on a total company and Virginia jurisdictional basis.
				  Additionally, provide a detailed listing of individual ADIT 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.
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 for 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 the amount, USOA account, and explanation of charge.
Schedule 40 - Jurisdictional and Class Cost of Service
				  Study
Instructions: Use format of Form Schedule 40.
a. Provide detailed calculations for all
				jurisdictional allocations for each revenue, expense, and rate base USOA
				account used to create Schedule 9. Allocations should be based on test period
				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 as
				well as any significant changes in allocation methodology since the last rate
				case. For any change in allocation methodology used in the current rate case
				that has a material effect on the current test period cost of service study,
				provide Schedule 40a using both the new methodology used in the current rate
				case and the old methodology used in 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 as well as any significant changes in allocation
				methodology since the last rate case. For any change in allocation methodology
				used in the current rate case that has a material effect on the current test
				period cost of service study, provide Schedule 40b using both the new
				methodology used in the current rate case and the old methodology used in the
				last rate case.
c. Provide a class
				cost of service study 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. Discuss all
				changes in the applicant's operations that have materially changed any
				allocation factor as well as any significant changes in allocation methodology
				since the last rate case. For any change in allocation methodology used in the
				current rate case that has a material effect on the current test period cost of
				service study, provide Schedule 40c using both the new methodology used in the
				current rate case and the old methodology used in the last rate case.
d. 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 redline copy of all tariff
				  pages that the applicant proposes to revise in this proceeding.
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: Provide a sample billing analysis detailing the
				  effect on each rate schedule at representative levels of consumption.
Schedule 44 - Additional Information Required by
				  Commission Order
To the extent not included in other schedules, provide all
				  information and analyses that the State Corporation Commission has previously
				  directed the applicant to include in its filing pursuant to Chapter 205.
Schedule 46 - Initial or Amended SAVE Plans and SAVE
				  Rider Adjustments
Instructions: Use the format of Form Schedule 46a-q.
a. Instructions for initial and amended Steps
				to Advance Virginia's Energy (SAVE) Plan applications. For any initial or
				amended SAVE Plan pursuant to §
									56-603 et seq. of the Code of
				Virginia, the applicant shall provide the following information:
1. A schedule that includes, to the extent
				known:
(i) a detailed narrative describing
				each distribution asset class replacement program (e.g., cast iron replacement
				program, copper replacement program, first-generation plastic replacement
				program, etc.);
(ii) the estimated
				timeline, to the extent known, for each distribution asset class replacement
				program; and
(iii) a detailed
				explanation of the justification for the proposed replacement activities and
				costs associated with each distribution asset class replacement
				program.