2003 Tolls and Tariff Application Schedule 6.2 Sheet 1 of 1

Transcription

1 Schedule 6.2 SCHEDULE OF FLOW-THROUGH INCOME TAXES SCHEDULE NO. PARTICULARS AMOUNT REFERENCE (a) (b) (c) 1 Return On Rate Base 822, Equity Component: ( 3.14 * 822,364 ) 278, Add: 3 Depreciation 362, Large Corporation Tax 19, Non-allowed Provincial Capital Tax Non-allowed Amortization of Debt Discount & Expense 3, Other Expenses (10,096) Sub-total 376,169 Deduct: 9 Capital Cost Allowance 437, Benefits Capitalized Eligible Capital Expenses Interest AFUDC Issue Costs 6, Sub-total 445, Total Taxable Income 209, Taxes thereon at / , Add: Non-allowed Provincial Capital Tax Recovery of Large Corporation Tax 19, Utility Income Tax Requirement 152,762

2 CALCULATION OF CURRENT INCOME TAX RATE NO. PARTICULARS 1 Allocation of taxable income to provinces based on composite average of salaries paid within each province and kilometers of pipe located within each province applied to the current provincial statutory income tax rate. COMPOSITE INCOME EFFECTIVE SALARIES KILOMETERS AVERAGE TAX RATE RATE 2 PROVINCE PERCENTAGE OF PIPE PERCENTAGE % % % (a) (b) (c) (d) (e) (f) (g) (h) 3 British Columbia 1, Alberta 156, Saskatchewan 6, , Manitoba 5, , Ontario 23, , Quebec 3, Total 196, , Composite Provincial Tax Rate Federal Tax Rate Income Tax Rate for the Forecast Year Ending December 31, Schedule 6.2.1

3 Schedule CALCULATION OF NON-ALLOWED DEBT DISCOUNT AND EXPENSE NO. PARTICULARS AMOUNT (a) (b) 1 Amortization of Debt, Discount and Expense - Debt Rate of Return Schedule ,815 2 Amortization of Debt, Discount and Expense - Junior Subordinated Debentures Rate of Return Schedule Total 3,451

4 Schedule INCOME TAX EXPENSE SCHEDULE NO. PARTICULARS AMOUNT (a) (b) A. CALCULATION OF ELIGIBLE CAPITAL EXPENSES 1 Unamortized Balance at January 1, ,821 2 Additions - Land Rights (@75%) 0 3 Balance at December 31, ,821 4 Amount Available for Tax Deduction at 7% of Line Unamortized Balance at January 1, ,134 B. CALCULATION OF OTHER EXPENSES 6 50% Meal and Entertainment - Expenses non-deductible Non Funded Pension Expense (9,994) 8 Post Employment Benefits (694) 9 Total Non-Allowed Expenses (10,096) C. CALCULATION OF FINANCING COSTS 10 Medium Term Notes 1, Preferred Securities 4, Proposed Debt 0 13 Total Financing Costs 6,162 D. CALCULATION OF ALBERTA ADDITIONAL NON-ALLOWED EXPENSES 14 Non-Allowed Provincial Capital Tax 15,127 X.3992 X

5 Schedule SCHEDULE OF CAPITAL COST ALLOWANCE UNDEPRECIATED BALANCE CAPITAL COST ADDITIONS BEFORE MAXIMUM CLOSING NO. CLASS OPENING BALANCE (NET) CLAIM CLAIM BALANCE (a) (b) (c) (d) (e) (f) 1 Class 1 - Full (4%) 4,339,554 4,339, ,582 4,185, Half Year 19,749 19, Class 2 - Full (6%) 558, ,359 33, ,857 4 Class 3 - Full (5%) 28,597 28,597 1,430 27,167 5 Class 8 - Full (20%) 974, , , , Half Year 45,055 45,055 4,506 7 Class 9 - Full (25%) Half Year Class 10 - Full (30%) 70,218 70,218 21,065 53, Half Year 5,502 5, Class 12 - Full (100% , Half Year 11,181 11,181 5, Class 13 - Full (S/L) 13,605 13,605 1,822 12, Half Year Total 5,984,406 81,799 6,066, ,548 5,628,656 CAPITAL COST ALLOWANCE RECONCILIATION NO. PARTICULARS AMOUNT (a) (b) 1 Transfers to GPIS in ,118 2 Regulated General Plant Additions in ,442 Adjustments 3 Net Proceeds - Retirements 5,960 4 Benefits Capitalized (617) 5 Materials & Supplies (1,007) 6 Contribution in Aid of Construction (1,097) 7 Total Adjustments 3,239 8 Capital Cost Allowance Additions per Line 15 above 81,799

6 Schedule CALCULATION OF INTEREST AFUDC Interest AFUDC = Interest Component of Rate of Return X AFUDC Rate of Return = 6.12 X $ = $660

7 Schedule CONTINUITY OF UTILITY CAPITAL LOSS CARRY FORWARD AMOUNT NO. PARTICULARS (a) (b) 1 Capital Loss Carried Forward from ,893 2 Capital Loss for Total Capital Loss Carried Forward 81,893

8 Schedule CALCULATION OF FEDERAL LARGE CORPORATION TAX NO. PARTICULARS Amount As at December 31 1 Deemed Debt 5,896,003 2 Common Equity 2,904,001 3 Capital Tax Deduction (10,000) 4 Taxable Capital 8,790,004 5 Tax Rate 0.225% 6 Capital Tax Expense 19,778