N.H. Admin. Code § Puc 1604.08

Current through Register No. 45, November 7, 2024

Section Puc 1604.08 - Rate of Return Information

(a) Each utility filing for a change in the rate proposed to be charged for any service shall complete and provide the rate of return schedules, called "Rate of Return Information Required of All Electric, Gas, Telephone, Water and Sewer Utilities", the specific requirements of which are set forth in (c) below.

(b) Utilities shall refer to

"Appendix I" for the suggested format for the information required in (c) below in the "Rate of Return Information Required of All Electric, Gas, Telephone, Water and Sewer Utilities."

(c) A utility shall include with the rate of return schedules required by (a) above the following:

(1) Schedule 1, "Overall Rate of Return", showing the component ratio, component cost rate, and weighted average cost rate of:

a. Common and preferred stock;

b. Long and short term debt; and

c. The total of a. and b.;

(2) Schedule 2, "Capital Structure for Ratemaking Purposes", showing the amount and component ratio for:

a. Common equity, stock, surplus, retained earnings and capital stock expenses;

b. Preferred stock equity, stock and capital stock expenses;

c. Long term debt, mortgage debt, long term notes, pollution revenue control bonds, industrial revenue bonds, capital lease, unamortized premium and discount, and unamortized expenses;

d. Short term debt and notes payable;

e. Deferred taxes; and

f. Total capital;

(3) Schedule 3, "Historical Capital Structure as of December 31 or Other Fiscal Year End For Each Year", for each of the preceding 5 years showing:

a. Common and preferred stock;

b. Long and short term debt;

c. Deferred taxes;

d. Investment tax credit; and

e. The total of a. through d. above;

(4) Schedule 4, "Capitalization Ratios at December 31 or for Other Fiscal Year End", for each of the preceding 5 years showing the information as found in (c)(2) a. through f. above, which may be shown without deferred taxes and investment tax credits.

(5) Schedule 5, "Weighted Average Cost of Long-Term Debt", showing, for each entry, the following:

a. Item;

b. Date issued;

c. Face value;

d. Financing costs;

e. Net proceeds ratio;

f. Outstanding amount;

g. Cost rate based upon net proceeds;

h. Annual cost;

i. Total amount outstanding; and

j. Weighted average cost rate;

(6) Schedule 6, "Cost of Short-Term Debt", showing the cost rate, outstanding amount and annual cost for:

a. Bank loans;

b. Loans from individuals;

c. Commercial paper; and

d. Weighted average cost;

(7) Schedule 7, "Weighted Average Cost of Preferred Stock", showing, for each entry, the following:

a. Item;

b. Date sold;

c. Financing costs;

d. Net proceeds ratio;

e. Outstanding amount;

f. Cost rate based upon net proceeds;

g. Annual cost;

h. Total amount outstanding; and

i. Weighted average cost rate;

(8) Schedule 8, "Cost of Common Equity Capital", showing the rate of return on common equity; and

(9) A "Report of Proposed Rate Changes", including the following:

a. Rate or class of service;

b. Effect of proposed change showing increases, decreases and net changes in each rate classification separately, where applicable;

c. Average number of customers;

d. Annual revenue under present rates and under proposed rates;

e. Proposed annual change in revenues by amount and by percentage;

f. Proposed change in rates by amount and by percentage;

g. Signature and title of signatory; and

h. Title section showing the utility's name, date filed, tariff number, tariff page numbers and effective date.

N.H. Admin. Code § Puc 1604.08

#6573, eff 9-10-97; ss #8428, eff 9-10-05; ss by #10535, eff 3-4-14