2003 Tolls and Tariff Application Schedule 6.1 Sheet 1 of 1

Transcription

1 Schedule 6.1 SCHEDULE OF FLOW-THROUGH INCOME TAXES SCHEDULE NO. PARTICULARS AMOUNT REFERENCE (a) (b) (c) 1 Return On Rate Base 841, Equity Component: ( 3.17 * 841,446 ) 290, Add: 3 Depreciation 341, Large Corporation Tax 20, Non-allowed Provincial Capital Tax Non-allowed Amortization of Debt Discount & Expense 3, Other Expenses (523) Sub-total 365,670 Deduct: 9 Capital Cost Allowance 482, Benefits Capitalized 2, Eligible Capital Expenses Interest AFUDC Issue Costs 6, Sub-total 493, Total Taxable Income 162, Taxes thereon at / , Add: Non-allowed Provincial Capital Tax Recovery of Large Corporation Tax 20, Utility Income Tax Requirement 136,632

2 Schedule 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 2, Alberta 188, Saskatchewan 8, , Manitoba 6, , Ontario 26, , Quebec 3, Total 236, , Composite Provincial Tax Rate Federal Tax Rate Income Tax Rate for the Base Year Ended December

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 ,177 2 Amortization of Debt, Discount and Expense - Junior Subordinated Debentures Rate of Return Schedule Total 3,813

4 Schedule INCOME TAX EXPENSE SCHEDULE NO. PARTICULARS AMOUNT (a) (b) A. CALCULATION OF ELIGIBLE CAPITAL EXPENSES 1 Unamortized Balance at January 1, ,560 2 Additions - Land Rights (@75%) 0 3 Balance at December 31, ,560 4 Amount Available for Tax Deduction at 7% of Line Unamortized Balance at January 1, ,821 B. CALCULATION OF OTHER EXPENSES 6 50% Meal and Entertainment - Expenses non-deductible 1,115 7 Non Funded Pension Expense (3,284) 8 Post Employment Benefits 1,646 9 Total Non-Allowed Expenses (523) C. CALCULATION OF FINANCING COSTS 10 Medium Term Notes 2, Preferred Securities 4, Proposed Debt 0 13 Total Financing Costs 6,986 D. CALCULATION OF ALBERTA ADDITIONAL NON-ALLOWED EXPENSES 14 Non-allowed Provincial Capital Tax 16,316 X.3988 X

5 Schedule SCHEDULE OF CAPITAL COST ALLOWANCE UNDEPRECIATED BALANCE CAPITAL COST ADDITIONS BEFORE MAXIMUM CLOSING NO. CLASS OPENING BALANC (NET) CLAIM CLAIM BALANCE (a) (b) (c) (d) (e) (f) 1 Class 1 - Full (4%) 4,484,185 4,484, ,367 4,339, Half Year 35,445 35, Class 2 - Full (6%) 593, ,999 35, ,359 4 Class 3 - Full (5%) 30,102 30,102 1,505 28,597 5 Class 8 - Full (20%) 1,184, ,184, , , Half Year 29,764 29,764 2,976 7 Class 9 - Full (25%) Half Year Class 10 - Full (30%) 63,668 63,668 19,100 70, Half Year 30,177 30,177 4, Class 13 - Full (S/L) 9,603 9,603 1,822 13, Half Year 6,130 6, Total 6,365, ,516 6,467, ,773 5,984,406 CAPITAL COST ALLOWANCE RECONCILIATION NO. PARTICULARS AMOUNT (a) (b) 1 Transfers to GPIS in ,180 2 Regulated General Plant Additions in ,330 Adjustments 3 Net Removal Costs > Salvage Proceeds (1,615) 4 Materials & Supplies (3,487) 5 Contributions in Aid of Construction (945) 6 Land (509) 7 Other 3,562 8 Total Adjustments (2,994) 9 Capital Cost Allowance Additions per Line 13 above 101,516

6 Schedule CALCULATION OF INTEREST AFUDC Interest AFUDC = Interest Component of Rate of Return X AFUDC Rate of Return = 6.02 X $1, = $988

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 6,090,459 2 Preferred Equity 0 3 Common Equity 2,999,778 4 Capital Tax Deduction (10,000) 5 Taxable Capital 9,080,237 6 Tax Rate 0.225% 7 Capital Tax Expense 20,431