L - 2A Normalized Tax Exp.

Appendix L

Pacific Bell

Summary of Recorded Normalized Income Tax Expense

Phase 2A

($000)

Normalized Income Tax Expense for Adopted Adjustments

Normalized Income Tax Exp. for Pension and PBOP Costs Net of Adopted Adjustments

Normalized Income Tax Expense for CHCF-B

Total Recorded Normalized Income Tax For Phase 2A IssuesA+B+C

Reference

A

B

C

D

1.

1997

(4,009)

(13,753)

0

(17,761)

Note 1

2.

1998

(156,016)

(40,560)

98,999

(97,577)

Note 2

3.

1999

(30,177)

91,283

104,619

165,725

Note 3

4.

Total

(190,201)

36,969

203,618

50,386

Note 4

Note 5

Note 6

Note 7

Note 1: Appendix J, Table for 1997, Columns J and K, Rows 1 and 2.

Note 2: Appendix J, Table for 1998, Columns J and K, Rows 1, 2, and 3.

Note 3: Appendix J, Table for 1999, Columns J and K, Rows 1, 2, and 3.

Note 4: Normalized income tax expense for adopted adjustments is embedded in the adjustments to NOI shown in Schedule D, Lines 1, 2, 3, and 4.

Note 5: Normalized income tax expense in Column B of the above Table is embedded in the adjustment to NOI for "Income Tax Flow Through" shown in Schedule D, Line 5.

Note 6: Normalized income tax expense for CHCF-B in Column C of the above Table is embedded in the adjustment to NOI for "Income Tax Flow Through" shown in Schedule D, Line 5.

Note 7: Row 1, Column D, of the above Table sums to Appendix J, Table for 1997, Column I, Rows 1 and 2. Row 2, Column D, of the above Table sums to Appendix J, Table for 1998, Column I, Rows 1, 2, and 3. Row 3, Column D, of the above Table sums to Appendix J, Table for 1999, Column I, Rows 1, 2, and 3.


	Appendix L

	Pacific Bell
	Summary of Recorded Normalized Income Tax Expense
	Phase 2A
	($000)


		Normalized Income Tax Expense for Adopted Adjustments	Normalized Income Tax Exp. for Pension and PBOP Costs Net of Adopted Adjustments	Normalized Income Tax Expense for CHCF-B	Total Recorded Normalized Income Tax For Phase 2A IssuesA+B+C	Reference
		A	B	C	D
1.	1997	(4,009)	(13,753)	0	(17,761)	Note 1
2.	1998	(156,016)	(40,560)	98,999	(97,577)	Note 2
3.	1999	(30,177)	91,283	104,619	165,725	Note 3
4.	Total	(190,201)	36,969	203,618	50,386
		Note 4	Note 5	Note 6	Note 7

		Note 1: Appendix J, Table for 1997, Columns J and K, Rows 1 and 2.
		Note 2: Appendix J, Table for 1998, Columns J and K, Rows 1, 2, and 3.
		Note 3: Appendix J, Table for 1999, Columns J and K, Rows 1, 2, and 3.
		Note 4: Normalized income tax expense for adopted adjustments is embedded in the adjustments to NOI shown in Schedule D, Lines 1, 2, 3, and 4.

		Note 5: Normalized income tax expense in Column B of the above Table is embedded in the adjustment to NOI for "Income Tax Flow Through" shown in Schedule D, Line 5.

		Note 6: Normalized income tax expense for CHCF-B in Column C of the above Table is embedded in the adjustment to NOI for "Income Tax Flow Through" shown in Schedule D, Line 5.

		Note 7: Row 1, Column D, of the above Table sums to Appendix J, Table for 1997, Column I, Rows 1 and 2. Row 2, Column D, of the above Table sums to Appendix J, Table for 1998, Column I, Rows 1, 2, and 3. Row 3, Column D, of the above Table sums to Appendix J, Table for 1999, Column I, Rows 1, 2, and 3.