COMMISSIONER KENNEDY'S AGENDA DEC PHASE 2A R0109001 I0109002

A - Refund (2)

Appendix A

Summary of Refund Owed to Ratepayers

Pacific Bell Intrastate Regulated Operations

Phase 2A

1997 Sharable Earnings Owed to Ratepayers

1998 Sharable Earnings Owed to Ratepayers

Refund Amount

$0

$0

Interest Factor for 1998 (one half of principal x one half of 5.37% Commercial Paper rate)¹

_

1.0134

Interest Factor (5.22% 90 Day Commercial Paper interest rate compounded monthly from 1/1/1999 through 12/31/1999) ¹

_

1.0534

Interest Factor (6.33% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2000 through 12/31/2000) ¹

_

1.0651

Interest Factor (3.64% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2001 through 7/31/2001) ¹

_

1.0370

Interest Factor (1.70% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2002 through 12/31/2002) ¹

_

1.0171

Interest Factor (1.23% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2003 through 12/31/2003) ¹

_

1.0124

Total Refund With Interest ²

$0

$0

Note 1: Interest factor for 1998 and the monthly compounding of interest in 1999 and subsequent years is based on guidance provided by (1) D.89-10-031, Ordering Paragraph 16, and (2) D.88-09-028, Ordering Paragraph 4.

Note 2: Appendix A assumes a rate of interest equal to the 90-day commercial paper rate. The actual rate of interest will be decided by the Commission in Phase 2B of this proceeding.


Appendix A
Summary of Refund Owed to Ratepayers
Pacific Bell Intrastate Regulated Operations
Phase 2A



	1997 Sharable Earnings Owed to Ratepayers	1998 Sharable Earnings Owed to Ratepayers
Refund Amount	$0	$0
Interest Factor for 1998 (one half of principal x one half of 5.37% Commercial Paper rate)¹	_	1.0134
Interest Factor (5.22% 90 Day Commercial Paper interest rate compounded monthly from 1/1/1999 through 12/31/1999) ¹	_	1.0534
Interest Factor (6.33% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2000 through 12/31/2000) ¹	_	1.0651
Interest Factor (3.64% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2001 through 7/31/2001) ¹	_	1.0370
Interest Factor (1.70% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2002 through 12/31/2002) ¹	_	1.0171
Interest Factor (1.23% 90 Day Commercial Paper interest rate compounded monthly from 1/1/2003 through 12/31/2003) ¹	_	1.0124
Total Refund With Interest ²	$0	$0

Note 1: Interest factor for 1998 and the monthly compounding of interest in 1999 and subsequent years is based on guidance provided by (1) D.89-10-031, Ordering Paragraph 16, and (2) D.88-09-028, Ordering Paragraph 4.



Note 2: Appendix A assumes a rate of interest equal to the 90-day commercial paper rate. The actual rate of interest will be decided by the Commission in Phase 2B of this proceeding.