9. Rate Base
The major components of rate base include utility plant, working cash, reserve for depreciation, and deferred income taxes. SCE and ORA agree on the methodology for these calculations. However, ORA's recommended amount for total rate base is some $244,000 less that SCE's, primarily because of differences in the Pebbly Beach line replacement projections and the exclusion of $13,000 for Construction Work in Progress. A difference in working cash requirements is due to the differences in Test Year operations and maintenance estimates. We adopt ORA's rate base calculations, adjusted to reflect $100,000 (instead of $0) for the Pebbly Beach work.
RATE BASE |
|||
Edison |
ORA |
Adopted | |
FIXED CAPITAL |
|||
Plant-in-service |
3,809 |
3,564 |
3,664 |
Construction Work in Progress |
13 |
0 |
|
Total Fixed Capital |
3,822 |
3,564 |
3,664 |
Working cash |
87 |
61 |
61 |
DEDUCTIONS |
|||
Accumulated Depreciation Reserve |
(1,082) |
(1,079) |
(1,079) |
Accumulated Deferred Taxes - Plant |
(432) |
(391) |
(391) |
Accumulated Deferred Taxes - Plant |
|||
Capitalized Interest |
25 |
21 |
21 |
RATE BASE |
2,420 |
2,176 |
2,276 |
