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Rocky Mountain Power

PacifiCorp Exhibit No. 45 Page 1 of 3


Revenue Requirement Impact of Normalization vs. Flow‐Through Case No. PAC-E-10-07
Witness: Ryan R. Fuller

Revenue Requirement Impact of Normalization vs. Flow‐Through
Deferred Accum. Deferred
Item Income Tax Expense Income Taxes Total
Test Period Amount Pg. 2 98,171 Pg. 2 (98,171)
Net‐to‐Gross Bump‐Up / Pre‐Tax Return on Rate Base 1.615384 A 11.77%
Revenue Requirement Impact 158,584 (11,551) 147,033

Weighted Average Cost of Capital:  2010  ID GRC
Item Capital Structure Embedded Cost Weighted Cost Tax Gross‐Up Pre‐Tax Cost
DEBT 47.60% 5.92% 2.82% 1.000000 2.82%
PREFERRED 0.30% 5.41% 0.02% 1.615384 0.03%
COMMON 52.10% 10.60% 5.52% 1.615384 8.92%
TOTAL 100.00% 8.36% 11.77% A
Rocky Mountain Power
PacifiCorp
Exhibit No. 45 Page 2 of 3
Revenue Requirement Impact of Normalization vs. Flow‐Through
Case No. PAC-E-10-07
Witness: Ryan R. Fuller

Tax Year Ended December 31, 2009: FLOW-THROUGH


Current Current Allocated Book-Tax Difference Current Current Deferred Tax Excess
Schedule M Type Book-Tax Difference Total Flow-Through Normalized Deferred Tax At Statutory Debit / (Credit)
ACRS_Fed 726,401,665 42,846,643 0 42,846,643 16,260,729 16,260,729 0
AFUDC_Debt_Fed 32,211,634 1,959,652 1,959,652 0 0 743,708 (743,708)
AFUDC_Equity_Fed 57,991,763 3,528,032 3,528,032 0 0 1,338,923 (1,338,923)
Avoid_Cost_Fed (68,867,187) (4,056,649) 0 (4,056,649) (1,539,539) (1,539,539) 0
Cap Labor-M&E/Medicare (1,802,106) (106,530) (106,530) 0 0 0 0
Cap Tax Depr (4,899,295) (247,421) (247,421) 0 0 (93,899) 93,899
Capitalized Sick Leave (26,914,849) (1,591,607) (1,591,607) 0 0 (604,031) 604,031
CIAC_Fed (49,049,089) (2,293,339) 0 (2,293,339) (870,345) (870,345) 0
Coal_Ext_Dev_Fed 2,140,857 138,055 138,055 0 0 52,393 (52,393)
Highway Reloc 1,949,868 94,293 0 94,293 35,785 35,785 0
Section 174 9,528,629 560,941 0 560,941 212,883 212,883 0
TEST POWER (149,681) (9,310) 0 (9,310) (3,533) (3,533) 0
Total 678,542,209 40,822,760 3,680,181 37,142,579 14,095,980 15,533,074 (1,437,094)

Tax Year Ended December 31, 2009: NORMALIZED


Current Current Allocated Book-Tax Difference Current Current Deferred Tax Excess
Schedule M Type Book-Tax Difference Total Flow-Through Normalized Deferred Tax At Statutory Debit / (Credit)
ACRS_Fed 726,401,665 42,846,643 0 42,846,643 16,260,729 16,260,729 0
AFUDC_Debt_Fed 32,211,634 1,959,652 0 1,959,652 743,708 743,708 0
AFUDC_Equity_Fed 57,991,763 3,528,032 3,528,032 0 0 1,338,923 (1,338,923)
Avoid_Cost_Fed (68,867,187) (4,056,649) 0 (4,056,649) (1,539,539) (1,539,539) 0
Cap Labor-M&E/Medicare (1,802,106) (106,530) 0 (106,530) 0 0 0
Cap Tax Depr (4,899,295) (247,421) 0 (247,421) (93,899) (93,899) 0
Capitalized Sick Leave (26,914,849) (1,591,607) 0 (1,591,607) (604,031) (604,031) 0
CIAC_Fed (49,049,089) (2,293,339) 0 (2,293,339) (870,345) (870,345) 0
Coal_Ext_Dev_Fed 2,140,857 138,055 0 138,055 52,393 52,393 0
Highway Reloc 1,949,868 94,293 0 94,293 35,785 35,785 0
Section 174 9,528,629 560,941 0 560,941 212,883 212,883 0
TEST POWER (149,681) (9,310) 0 (9,310) (3,533) (3,533) 0
Total 678,542,209 40,822,760 3,528,032 37,294,728 14,194,151 15,533,074 (1,338,923)

Tax Year Ended December 31, 2009: DIFFERENCE


Current Current Allocated Book-Tax Difference Current Current Deferred Tax Excess
Schedule M Type Book-Tax Difference Total Flow-Through Normalized Deferred Tax At Statutory Debit / (Credit)
ACRS_Fed 0 0 0 0 0 0 0
AFUDC_Debt_Fed 0 0 (1,959,652) 1,959,652 743,708 0 743,708
AFUDC_Equity_Fed 0 0 0 0 0 0 0
Avoid_Cost_Fed 0 0 0 0 0 0 0
Cap Labor-M&E/Medicare 0 0 106,530 (106,530) 0 0 0
Cap Tax Depr 0 0 247,421 (247,421) (93,899) 0 (93,899)
Capitalized Sick Leave 0 0 1,591,607 (1,591,607) (604,031) 0 (604,031)
CIAC_Fed 0 0 0 0 0 0 0
Coal_Ext_Dev_Fed 0 0 (138,055) 138,055 52,393 0 52,393
Highway Reloc 0 0 0 0 0 0 0
Section 174 0 0 0 0 0 0 0
TEST POWER 0 0 0 0 0 0 0
Total 0 0 (152,149) 152,149 98,171 0 98,171 Pg. 2
Rocky Mountain Power
Exhibit No. 45 Page 3 of 3
Case No. PAC-E-10-07
Witness: Ryan R. Fuller