14. Summary of Earnings

Our adopted Summary of Earnings is shown in Appendix B. It reflects the operating revenues that would be provided at present rates and those that will be required to produce the 10.50% ROE we are authorizing for the test year. The rate of return which we are authorizing SGV will produce additional revenues of $3,885,500 in the test year, an increase of 8.1% over the revenues produced by existing rates.