N.H. Admin. Code § Puc 705.03

Current through Register No. 50, December 12, 2024

Section Puc 705.03 - F-3 Pro Forma Income Statement at Present and Proposed Rates for Year Ended

(a) Each utility which requests a rate increase shall file Form "F-3 Pro Forma Income Statement at Present and Proposed Rates for Year Ended" with the commission and the department.

(b) If the utility creates its own Form F-3, the utility shall include on Form F-3 a caption identifying the report as "Form F-3 Pro Forma Income Statement" and include the name of the utility filing the report.

(c) The utility shall include on Form F-3 the following:

(1) A breakdown of operating revenues and expenses for:

a. Actual year ended;

b. Adjustments and pro forma at present rates;

c. At proposed rates with additional requirements; and

d. Total requirements.

(d) Each utility which requests a rate increase shall file with the commission the following:

(1) A calculation of rate base and calculation of rate of return;

(2) A description, including a reproduction of actual required income and pro forma test period for rate base, rate of return, income required, adjusted net operating income, deficiency, tax effect and revenue deficiency;

(3) A detailed schedule, explaining and showing how each pro forma adjustment was determined, of operating revenues and operating expenses, operating rents and net operating income for 12 months, the pro forma adjustments, test year as proformed, first preceding year and second preceding year;

(4) A description of property taxes including the town, the period, the actual amount paid, the amount accrued, the amount not applicable to utility operations, proforma adjustments, proformed property taxes;

(5) If a discount on property taxes was available, the company shall state such and shall include the rate, and whether or not the utility took advantage of the discount;

(6) A description of payroll which shall describe accounts in operation, maintenance, construction, plant removal and other accounts specified for 12 months ending, pro forma adjustment and proformed to 12 months;

(7) A balance sheet of assets and deferred charges which shall include sewer plant, other property, investments, current assets, deferred charges for 12 months ending, first preceding year, second preceding year, and test year average of monthly balance sheets;

(8) A description of capitalization, long-term debt, current and accrued liabilities, deferred credits, reserves and contributions in aid of construction for 12 months ending, and first preceding year, second preceding year, and test year average of monthly balance sheets;

(9) A description of plant held for future use, deferred charges, deferred credits, accumulated deferred taxes on income for each account or subaccount and accumulated depreciation;

(10) A description of transmission and distribution inventory, appliance inventory, other materials and supplies for the test year average, first preceding year and the second preceding year;

(11) A description of contributions in aid of construction, the name or year received, the actual amount, original amount booked and the annual depreciation taken on contributed capital;

(12) A description of the utility's rate which shall include a description of each of the following:

a. Plant-in-service, less accumulated depreciation and plant held for future use to derive net utility plant;

b. Cash, working capital, materials and supplies, repayments, less deferred taxes, investment tax credits, customer deposits, and customer advances to determine net operating income applicable to rate base; and

c. Rate of return for jurisdictional proforma test year average, jurisdiction 13-month average, total proformed test year average, and total 13 month average;

(13) A description of and accounting of working capital which shall be based upon the balance sheet approach or a detailed lag study; and

(14) The signature, the printed full name and title of the utility employee who supervised the preparation of the Form.

N.H. Admin. Code § Puc 705.03

Derived from Number 10, Filed March 7, 2024, Proposed by #3889, Effective 4/22/2024, Expires 4/22/2034 (See Revision Note # 1 and Revision Note #2 at chapter heading for Puc 700).