B - Sharable Earnings
Appendix B | ||||
Summary of Sharable Earnings | ||||
Pacific Bell Intrastate Regulated Operations | ||||
Phases 2A and 2B | ||||
1997 |
1998 |
1999 | ||
1. |
Adopted Net Operating Income |
$938,047,275 |
$1,430,265,122 |
$1,318,535,122 |
2. |
Adopted Rate Base |
$9,270,126,526 |
$9,390,436,276 |
$9,456,802,574 |
3. |
Rate of Return |
10.12% |
15.23% |
13.94% |
4. |
Sharing Trigger |
11.50% |
11.50% |
N/A |
5. |
ROR above Trigger |
0.00% |
3.73% |
N/A |
6. |
Total Sharable Earnings: ROR above Trigger Times Adopted Rate Base (Row 5 x Row 2) |
$0 |
$350,364,951 |
-- |
7. |
Ceiling Rate of Return (15%) |
15% |
15% |
-- |
8. |
Sharable Earnings over Ceiling ROR ((Row 3 - Row 7) x Row 2) |
$0 |
$21,699,681 |
-- |
9. |
Sharable Earnings Between Trigger and Ceiling (Row 6 - Row 8) |
$0 |
$328,665,270 |
-- |
10. |
Ratepayer Portion (30%) of Sharable Earnings over Ceiling (Row 8 x 30%) |
$0 |
$6,509,904 |
-- |
11. |
Ratepayer Portion (50%) of Sharable Earnings between Trigger and Ceiling (Row 9 x 50%) |
$0 |
$164,332,635 |
-- |
12. |
Total Ratepayer Portion of Sharable Earnings (Row 10 + Row 11) |
$0 |
$170,842,539 |
-- |
13. |
Tax Gross-up Factor (1/(1-0.40746)) |
168.76% |
168.76% |
-- |
14. |
Ratepayer Amount With Gross-up (Row 12 x Row 13) |
| ||
$0 |
$288,322,373 |
-- | ||
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