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<br />It <br /> <br />. <br /> <br />Ordinance No. <br /> <br />1502 , Page 2 <br /> <br />a. Operations and Maintenance Expenses <br />Adjustments to the Company's Operation and Maintenance <br />Expenses amounted to $45,097,000.00. The major adjustments in- <br />clude a reduction in Salaries and Wages expense of $4,618,000.00, <br />a reduction of Limestone Operating Expenses of $1,889,000.00, a <br />reduction in Municipal Street Use Fees of $7,696,000.00, a <br />reduction in Rate Case Expenses of $1,059,000.00, elimination of <br />EEl dues of $331,000.00, a reduction in Gas Operation and <br />Maintenance Expense of $9,464,000.00, and a reduction for Non- <br />Recurring Maintenance of $8,550,000.00. <br />b. Fuel Expenses and Purchased Power <br />The adjustment of Fuel Expenses is a reduction of <br />$136,181,000.00. The adjustment to Purchased Power is a reduction <br />of $40,961,000.00. The Overall Fixed Fuel FActor per KWH is <br />$0.020386, the Distribution Level Fixed Fuel Factor per KWH is <br />$0.020854, and the Transmission Level Fixed Fuel Factor per KWH <br />is $0.019713. <br />c. Depreciation <br />The total adjustment to Depreciation Expense is a reduction <br />of $13,835,000.00. <br />d. Other Taxes <br />The total adjustment for all Taxes Other than Federal Income <br />Taxes is a net reduction of $5,Ol3,000.00. <br />e. Federal Income Taxes <br />The adjustment to the Cost of Service for Federal Income <br />Taxes is a reduction of $65,507,000.00. <br />f. Return <br />The rate of return on equity is 14.75 percent. The rate of <br />return on invested capital is 11.58 percent. <br />2. Invested Capital <br />The invested capital is determined to be $4,764,986,000.00 <br />