4. Disputed Issues
Not resolved by the settlement agreements were operating and rate base differences that impact the 2010 test year results of operation and rate base, need for a Fluoride Memorandum Account, and affiliated company activities. The test year results of operations and rate base differences set forth in the comparative exhibit attached to SJWC and DRA's partial settlement agreement are summarized in the following table. Discussions of these differences follow the table. The memorandum account and affiliated company activities issues, not impacting the test year results of operations, are also addressed.
Dollars in Thousands2 | |||
Category |
SJWC |
DRA |
SJWC > DRA |
Operating Revenue |
$223,385 |
$208,000 |
$15,385 |
Operating Expenses |
185,985 |
174,645 |
11,340 |
Net Operating Revenue |
37,401 |
33,355 |
4,045 |
|
|||
Rate Base |
$425,010 |
$378,984 |
$46,026 |
2 Amounts are rounded to the nearest thousand. For example, $500 is rounded up to $1,000. There are also minor differences due to rounding.
