SUPPLEMENT TO THE ONTARIO
ENERGY BOARD STAFF PROPOSED ELECTRIC DISTRIBUTION RATE HANDBOOK, TABLE
4.2
| Scenario
Summary |
| |
Current
Values: |
1.25 |
1.5 |
1.75 |
2 |
| Changing Cells: |
|
|
1.25% |
1.25% |
1.50% |
1.75% |
2.00% |
|
|
10.00% |
10.00% |
11.00% |
12.00% |
13.00% |
|
|
3.00% |
2.50% |
2.50% |
2.50% |
2.50% |
| Result Cells: |
|
|
9.5% |
9.5% |
9.5% |
9.5% |
9.5% |
|
|
10.2% |
10.0% |
9.9% |
9.8% |
9.7% |
|
|
10.9% |
10.6% |
10.3% |
10.1% |
9.8% |
Notes: Current Values column represents values of changing cells
at time Scenario Summary Report was created. Changing cells for each
scenario are bolded.
| Debt Rate |
8% |
Schedule |
|
| Tax Rate |
44% |
Base productivity factor |
1.25% |
| Rate Base |
25000 |
Productivity increment |
0.25% |
| Deemed CER |
45% |
Base ROE cap |
10.00% |
| Deemed Equity |
11250 |
ROE increment |
1.00% |
| Target ROE |
9.75% |
Achieved productivity |
3.00% |
| Base Expenses |
7000 |
|
|
| BT ROE Expense |
1959 |
Fully Levered Revenue
Requirement |
9000 |
| Debt Expense |
1100 |
Adjustment for TFP measurement |
12% |
| Revenue Requirement |
10059 |
Implicit Stretch Factor |
40% |
| Inflation 2% |
|
|
| |
Case
1 |
Case
2 |
Case
3 |
Case
4 |
Case
5 |
| Productivity Factor |
1.25% |
1.50% |
1.75% |
2.00% |
2.25% |
| ROE Cap |
10.0% |
11% |
12% |
13% |
14% |
| Achieved Productivity |
3.0% |
3.0% |
3.0% |
3.0% |
3.0% |
| Case 1 |
Year
1 |
Year
2 |
Year
3 |
| Revenue |
10059 |
10134 |
10210 |
| Expenses |
7000 |
6930 |
6861 |
| Net |
3059 |
3204 |
3349 |
| Less Debt |
1959 |
2104 |
2249 |
| Achieved ROE (Case 1) |
9.75% |
10.47% |
11.20% |
| Capped ROE (Case 1) |
9.75% |
10.00% |
10.00% |
| Case 2 |
Year
1 |
Year
2 |
Year
3 |
| Revenue |
10058 |
10109 |
10160 |
| Expenses |
7000 |
6930 |
6861 |
| Net |
3059 |
3179 |
6299 |
| Less Debt |
1959 |
2079 |
2199 |
| Achieved ROE (Case 2) |
9.75% |
10.35% |
10.95% |
| Capped ROE (Case 2) |
9.75% |
10.35% |
10.95% |
| Case 3 |
Year
1 |
Year
2 |
Year
3 |
| Revenue |
10059 |
10084 |
10109 |
| Expenses |
7000 |
6930 |
6861 |
| Net |
3059 |
3154 |
3248 |
| Less Debt |
1959 |
2054 |
2148 |
| Achieved ROE (Case 3) |
9.75% |
10.22% |
10.69% |
| Capped ROE (Case 3) |
9.75% |
10.22% |
10.69% |
| Case 4 |
Year
1 |
Year
2 |
Year
3 |
| Revenue |
10059 |
10059 |
10059 |
| Expenses |
7000 |
6930 |
6861 |
| Net |
3059 |
3129 |
3198 |
| Less Debt |
1959 |
2029 |
2098 |
| Achieved ROE (Case 4) |
9.75% |
10.10% |
10.44% |
| Capped ROE (Case 4) |
9.75% |
10.10% |
10.44% |
| Case 5 |
Year
1 |
Year
2 |
Year
3 |
| Revenue |
10059 |
10034 |
10008 |
| Expenses |
7000 |
6930 |
6861 |
| Net |
3059 |
3104 |
3148 |
| Less Debt |
1959 |
2004 |
2048 |
| Achieved ROE (Case 5) |
9.75% |
9.97% |
10.19% |
| Capped ROE (Case 5) |
9.75% |
9.97% |
10.19% |
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