1980-02-06 Regular Meeting - Laserfiche WebLink

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• ~ Page 2 b. The t;~,ndl ing charge per ton steal 1 he equal to the Burn of UFI's actual operation and mainten-once costs, its administrative and • general costs, plus its depreciation expense, less amortization of investment tax credits, divided by tons of coal burned. 0 & M cost + administrative & Handling charge per ton = general cost + depreciation - amortization of I.T.C. tons burned c. -The inventory carrying charge shall be equal to the product of the weighted average inventory value (including only a 90 day maximum coal supply) tunes the then current prune lending rate of Texas Commerce National Bank of Houston, divided by tons of coal burned. ',Weighted average inventory value with Inventory carrying charge = 90 day maximum coal supply x prime rate tons burned d. The fixed charge shall be equal to the product of the net asset value (net book value) of existing coal handling facilities and rail cars, less deferred Federa] Income Taxes, tunes 16.07 percent divided by tons of coal burned, provided that the actual fixed charge so calculated shall be passed through the fuel clause only if it is $2.602 per ton or less. If the fixed • charge rises above $2.602 per ton, onl;~ $2.602 may be passed thorugh the fuel clause to ratepayers. (Net asset value of coal handling faci 1 ities and rai 1 cars less deferred Fixed charge Federal Income Taxes) x 16.07 tons burned Provided: $2.602 = Maximum to be passed through fuel clause D. The following Finding of Fact No. ZO shall be .added to the Report as adopted herein: 20. The direct method of franchise fee allocation is reasonable and should be used by HL&P so that no expenses derived from municipal franchise fees will be collected from HL&P customers residing ' outside of municipalities. E. In accordance with the Exception filed by Dow Chemical Company concerning Total Company Electric Operating Revenues, HL&P is hereby ordered to submit to the Commission a revised computer • run for the Examiner's Proposed Revenue Allocations as shown on Exhibit 4 of the Amended Examiner's Report except that Energy Sales Revenues for the MGS class steal 1 be correctly reflected on the Exhibit as $402,291. This revised computer run shall adjust revenues of all classes according to kwh sales (rather than proportionately as proposed by Dow) for the 1;1,945,000 revenue difference resulting from use of the Examiner's recommended Other Revenue figure rather than the nunber used by HL&P in its earlier trial runs for the Examiner. The results of this • computer run shall be and are hereby attached marked Exhibit 4-Revised.