B - Sharable Earnings
Appendix B | ||||
Summary of Sharable Earnings | ||||
Pacific Bell Intrastate Regulated Operations | ||||
Phase 2A | ||||
1997 |
1998 |
1999 | ||
1. |
Adopted Net Operating Income |
$644,575,328 |
$1,207,791,899 |
$1,201,983,083 |
2. |
Adopted Rate Base |
$10,057,145,000 |
$10,214,121,454 |
$10,095,974,666 |
3. |
Rate of Return |
6.41% |
11.82% |
11.91% |
4. |
Sharing Trigger |
11.50% |
11.50% |
N/A |
5. |
ROR above Trigger |
0.00% |
0.32% |
N/A |
6. |
Total Sharable Earnings: ROR above Trigger Times Adopted Rate Base (Row 5 x Row 2) |
$0 |
$33,167,932 |
-- |
7. |
Ceiling Rate of Return (15%) |
15% |
15% |
-- |
8. |
Sharable Earnings over Ceiling ROR ((Row 3 - Row 7) x Row 2) |
$0 |
$0 |
-- |
9. |
Sharable Earnings Between Trigger and Ceiling (Row 6 - Row 8) |
$0 |
$33,167,932 |
-- |
10. |
Ratepayer Portion (30%) of Sharable Earnings over Ceiling (Row 8 x 30%) |
$0 |
$0 |
-- |
11. |
Ratepayer Portion (50%) of Sharable Earnings between Trigger and Ceiling (Row 9 x 50%) |
$0 |
$16,583,966 |
-- |
12. |
Total Ratepayer Portion of Sharable Earnings (Row 10 + Row 11) |
$0 |
$16,583,966 |
-- |
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 |
$27,987,927 |
-- | ||
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