Virginia Administrative Code › Title 20 - PUBLIC UTILITIES AND TELECOMMUNICATIONS › Agency 5 - STATE CORPORATION COMMISSION › Chapter 201 - RULES GOVERNING UTILITY RATE APPLICATIONS AND ANNUAL INFORMATIONAL FILINGS OF INVESTOR-OWNED GAS AND WATER UTILITIES › Section 20VAC5-201-95 - Schedules 1 through 14 and exhibits for Chapter 201

Current through Register Vol. 40, No. 24, July 15, 2024
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 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
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-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
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 § 56-585.1A 5 b, c or
						  d
Rate Adjustment Clause Pursuant to §
						  56-585.1A 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)
LINE NO.
Per Books Virginia Juris. Cost of Service
Regulatory Accounting Adjustments
Virginia Jurisdictional Cost of Service
						  after Adjustments (1)+(2)
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 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-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 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: 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 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 § 56-585.1A 5 b, c or
						  d
Rate Adjustment Clause Pursuant to §
						  56-585.1A 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).
Statutory Authority
§§ 12.1-13 and 56-585.1 of the Code of
					 Virginia.