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<br />. <br /> <br />. <br /> <br />. <br /> <br />Ordinance No. 1332, page 2 <br /> <br />a. Operations and Maintenance Expenses <br /> <br />Adjustments to the Company's 0 & M expenses amounted to <br /> <br />$7,260,000.00. The major adjustments include reductions in <br />salaries and wages expense of $2,695,000.00, employee benefits <br /> <br />of $ 291,000.00, wheeling cost and line loss of $8l8, 000.00, <br /> <br />amortization of deferred charges of $241,000.00, $2,922,000.00 <br /> <br />for other Operations and Maintenance expenses, $498,000.00 for <br /> <br />. <br /> <br />uncollectibles, $422,000.00 for liquid metal breeder reactor <br /> <br />accrual, and $122,000.00 for South Texas project litigation <br /> <br />fees, and an addition of $749,000.00 for Electric Power Research <br /> <br />Institute support. <br /> <br />b. Federal Income Taxes <br /> <br />The adjustment to the Cost of Service for Federal Income <br /> <br />Taxes is a reduction of $30,673,000.00. <br /> <br />c. Other Taxes and Fees <br /> <br />The total adj ustment for all taxes other than federal income <br /> <br />taxes is a reduction of $2,409,000.00. The components of this <br /> <br />adj ustment are the Public uti 1 i ty Commiss ion fee, State gross <br /> <br />. <br /> <br />receipts taxes, ad valorem taxes, and payroll taxes. An addi- <br /> <br />tional reduction of $2,621,000.00 for local franchise fees was <br /> <br />also made. <br /> <br />d. Return <br /> <br />The rate of return on equity is 16.95 percent. The" rate <br /> <br />of return on invested capi tal is 12.73 percent and the return <br /> <br />on the adjusted value of invested capital is 8.25 percent. <br /> <br />2. Invested Capital <br /> <br />The invested capital is determined to be $3,953,996,000.00. <br />3. Adjusted Value of Invested Capital <br />The adj usted value of invested capi tal is $ 6,103,672,000.00. <br />. The adjusted value of" invested capital includes $943,643,000.00 <br />