docVolume 4B - 16 of 25 - Test Year Workpapers
download 
Report Transcription
Volume 4B - 16 of 25 - Test Year Workpapers
Northern Annual Pt Docket Power States Revenue EPU Total Capital Term Short Debt Stock Common Equity Rate Term Short Preferred Common Term Short Preferred 97209/ 6800/ Ratio 00809 Ratio Debt 82.8709/ Cost Weighted Weighted Debt Stock Weighted Common Equity Required Rate 209_J 45.4708 Equity Ratio Term Long Debt J018 015 Is 0.09087 Ratio Stock Cost Cost Weighted Cost 2.2200% 0100% 0000% 22200% 2.2200% 2.2100% 2.2100% 21800% 21000% 0.0200% 0.0200% 00500% 0.0500% 0.0700% 00800% 00800% 9.0000% 00800% 0.0000% 0.0000% 0.0000% 5Cfifl5 5.2500% 51500% 8.2500% 5.2500% 7.4900% 7.8100% 7.5100% 7.5800% 5300% 3700% 41.3700% 41.3700% 4ACCSL of Return fl.f 411790% Discount 21 Woakpaper 0.0509 Rate Debt 2014 4.8909 Rate Preferred Term structureL Rate Debt Schedule Adjustment for Equity Return Term Long E002/GR-15-826 Back-Up RR Long No Exhibit_AEH4 Requirement 41.3700% 41 2500% 7.3700% Rate lOGOs Company Total 2014 2018 2015 2017 2018 2019 2020 Plant investment Depreciation Receive CwlP Accumulated Tots Rate Deferred Rate Base Average Removal Tax Deprecieton Avoided 31SSI 30295 28 709 27123 25 537 23951 22 365 45 084 42771 48 477 38183 35 890 33596 31 303 45064 42 40477 38 35 890 33 771 83 596 31303 Items Tax Preferenced Debt Taxes Base Expense Tax Interest Return Equty Return Current Book ncome Tax Requirement 2316 245 2125 805 1884 1764 1843 1634 584 1499 1414 1330 1245 1160 38251 3419 3214 3086 28031 Deprecation Annual Deferred AFUDC Tax Expenditure Taxes Property Revenue Requrementa Total 3851 2014 58 Plant Investment Depreciat on Reserve 38301 2015 643 2018 58 1442 643 58 2017 643 326 7210 58 2018 2019 2020 643 58 643 58 643 58 643 10 094 12 978 15 862 18 747 884 626 CwlP Accumulated Deferred Taxes Total Rate Base Average Rate Base Tax Preferenced Debt 21342 20163 18 17805 16 31 796 30 081 28 386 26 688 24975 23270 33581 31 798 30091 28 386 26668 24975 23270 Removal 1.401 1311 Expense Interest Return Current neome Tax Requirement 1722 1669 1580 1490 1215 1178 1115 1852 988 925 1222 862 Deprec aton Annual AFUOC Property total 521 501 Return Equty Boot Tax 22 33 Items Tax Depremat on Avoided 23700 Deferred Tax Expenditure Taxes Revenue Requ rements 2937 2847 5471 31 87 694 2594482 2542 2941 .773 2389 2369093 2236 2226413 884 2063734 sasuadxa 38ED apnj tcv NORTHERN STATES 2016 Requested POWER COMPANY Expenses RATE CASE AMORTIZATION FERC Business Unit Description 928 NSPM 624001 Estimated Rate Rate Less 20% Total Rate 36 4201605 Case Costs Remove 05174% Total Expense-MN Regulatory to Unregulated Case costs Write less Business Unregulated 21739 4179866 84032100 Off Case costs to Amortize month amortization 333954490 111318163 RATE CASE EXPENSES Eectric Year Ended 12/31/2016 DESCR PTON 896000 Consulting Outside State Legal Agency 20400001 Fees Fees 1007000 AU Directs 987000 Intervenors Court Administrative 20000 Reporter Costs Inserts 458605 Design/Print/Inserting 125000 ad space--2 240000 Newspaper Hearings Venue Costs Hearings Travel Costs Materials/Postage/Shipping/Printing Employee Expense Travel/Hotel 1650 400 83500 8055 4201605 Northern States Power Company Minnesota Electric Rate Case Expenses Less MATE Legal Consulting Fees Other Total 2040000 696000 1007000 458605 4201605 E002/GR-13-868 2135608 2349104 1029244 365784 5879740 E002/GR-12-961 2610623 E002/GR-1 0-971 1723405 581125 1027602 945556 497098 4634402 691557 473109 3915672 E002/GR-08-1065 792578 385346 531930 231762 1941616 E002/GR-05-1428 1574679 1239471 679915 268520 3762586 Business 21739 Total Less Uncollectible 840321 Rate Case Costs to 5-826 ESTI Unregulated Regulatory 20% Outside E002/GR-1 and Contract Amortize 3339545 Notes Expenses includes included Mandatory through Bill Inserts Postage Employee Expenses Materials/Supplies and Other category Space Rental 6/23/2015 95 Deferral Depr Sherco A33 Sherco Deferral The purpose Docket of this adjustment No E002-GR 12-961 is to reflect the into the 2016 Sherco test Sherco costs deferred in year Deferral.xlsx Purpose XceI Energy Revenue Annual Sherco Requirement Expense 2016 Test Year Deferral Minnesota Electric Rate Case 000s Rate Analysis Total Company MN Jurisdiction Weighted Caoital Plant Investment 9308 Reserve Depreciation 9308 CWIP Accumulated Deferred Taxes Rate Base 46.24% 2.2200% Short Term Debt 1.84% 1.26% 0.0200% Preferred Stock 0.0000% 0.0000% 0.0000% 9.7200% 52.5000% 5.1000% Common Equity 5509 5509 Required Rate Return Equity Current Income Tax Requirement Amortization Annual Deferred Tax 123 123 281 281 409 409 503 503 205 205 of Return 7.3400% Rate Tax Rate MN Debt Return Cost 4.81% 3799 5509 Ratio Debt 3799 5509 Rate Long Term PT Average Structure 0.0000% MN 41.3700% 100.0000% Direct ITC Flow Thru Tax Depreciation AFUDC Expenditure Avoided Tax Property ITotal Removal Expense Interest Taxes Revenue Requirements 1111 Sherco 1111 Deferral.xlsx 2016 Rev Req Sherco Adj Northern 2016 States Test Sherco Power Company Year Expense Deferral Direct MN Jur MN Co 100.0000% Demand 100.0000% 100.0000% CwlP Total MN Company BOY EOY Jurisdiction BOY Average EOY Production COSS Adj II 000s Plant Total MN BOY Jurisdiction EOY MN BOY Jurisdiction EOY Company BOY EOY Production COSS Adj Reserve 000s Reg Asset Total Company BOY Production COSS Adj 9559464.05 9559 000s Accumulated 9056334.41 90561 9308 Deferred Total Production Adj 9056334.41 9559 90561 EOY 3901637.90 000s MN BOY Company BOY COSS EOY 9559464.05 3696288.56 3902 Jurisdiction EOY 3901637.90 3696288.56 902 3696 3799 Amortization Total MN Company Annual Production COSS Adj Annual Annual 503129.64 000s 503129.64 5031 5031 Deferred Total MN Company Annual Production COSS Tax Jurisdiction Adj Jurisdiction Annual 205349.40 205349.40 2051 000s 2051 Depreciation Total MN Company Annual Jurisdiction Annual Production COSS Adj 000s AFUDC Total Company Annual MN Company MN Jurisdiction Annual Production COSS Adj 000s Avoided Tax Total Annual Jurisdiction Annual Production COSS Adj 000s II Sherco DeferraLxlsx Xcel Energy Revenue Annual Sherco Requirement Expense 2017 Plan Year Deferral Minnesota Electric Rate Case 000s Rate Analysis Total Company MN Weighted Jurisdiction Capital Plant Investment Depreciation Long Term 8805 Reserve 8805 CwIP Deferred Taxes 3594 3594 Common 5211 5211 Required 5211 5211 Tax Rate 118 118 266 266 398 398 PT Rate Base Average MN Debt Return Return Equity Current Income Tax Requirement Amortization Annual Deferred Tax 503 503 205 205 Debt Short Term Preferred Accumulated Structure 46.04% Equity 2.2100% 0.0500% 0.0000% 0.0000% 0.0000% 9.7200% 52.5000% Return 5.1000% 7.3600% Rate Direct Cost 1.46% 3.57% Stock of Ratio 4.81% Debt Rate Rate 0.0000% MN 41 .3700% 100.0000% ITC Flow Thru Tax Depreciation AFUDC Expenditure Avoided Tax Property ITotal Removal Expense Interest Taxes Revenue Requirements 1079 Sherco 1079 Deferral.xlsx 2017 Rev Req Sherco Adj Northern 2017 States Plan Sherco Power Company Year Expense Deferral Direct MN Jur MN Co 100.0000% Demand 100.0000% 100.0000% CWIP Total MN Company BOY EOY Jurisdiction BOY Average EOY Production COSS Adj II 000s Plant Total MN BOY Company BOY EOY Jurisdiction EOY Production COSS Adj -1 000s Reg Asset Reserve Total Production COSS Adj EOY 9056334.41 Accumulated 8553204.77 9056 000s EOY 8553204.77 9056 85531 8805 Deferred Total Production Adj Jurisdiction 9056334.41 85531 EOY 3696288.56 000s MN BOY Company BOY COSS MN BOY Company BOY 3490939.22 3696 Jurisdiction EOY 3696288.56 3491 3490939.22 3696 3491 3594 Amortization Total MN Company Annual Production COSS Adj Annual Annual 503129.64 000s 503129.64 5031 5031 Deferred Total MN Company Annual Production COSS Tax Jurisdiction Adj Annual 205349.40 000s Jurisdiction 205349.40 2051 2051 Depreciation Total MN Company Annual Jurisdiction Annual Production COSS Adj 000s AFUDC Total MN Company Annual Jurisdiction Annual Production COSS Adj II 000s Avoided Tax Total MN Company Annual Jurisdiction Annual Production COSS Adj 000s II Sherco Deferral.xlsx Xcel Energy Revenue Annual Sherco Requirement Expense 2018 Plan Year Deferral Minnesota Electric Rate Case 000s Total Rate Analysis Company MN Jurisdiction Weighted Capital Plant Investment Depreciation 8302 Reserve 8302 CWIP Accumulated Deferred Taxes 46.41% 2.2100% Short Term Debt 4.45% 1.09% 0.0500% Preferred Stock 0.0000% 0.0000% 0.0000% 9.7200% 52.5000% 5.1000% Common Equity 4913 4913 Required Rate Return Equity Current Income Tax Requirement Amortization Annual 111 111 251 251 387 387 503 Deferred 205 Tax of Return 7.3600% Rate Tax Rate MN Debt Return Cost 4.77% 3389 4913 Ratio Debt 3389 4913 Rate Base Rate Long Term PT Average Structure Direct 0.0000% MN 41.3700% 100.0000% 503 205 ITC Flow Thru Tax Depreciation AFUDC Expenditure Avoided Tax Property ITotal Removal Expense Interest Taxes Revenue Requirements 1047 Sherco 1047 Deferral.xlsx 2018 Rev Req Sherco Adj Northern 2018 States Plan Sherco Power Company Year Expense Deferral Direct MN Jur MN Co 100.0000% Demand 100.0000% 100.0000% CWIP Total MN Company BOY EOY Jurisdiction BOY Average EOY Production COSS Adj II 000s Plant Total MN Company BOY EOY BOY EOY BOY Jurisdiction EOY Production COSS Adj Reserve 000s Reg Asset Total Production COSS 8553204.77 Adj 8050075.13 8553 000s Accumulated EOY 8050075.13 8553 80501 8302 Deferred Total 000s MN Company EOY 3490939.22 Production Adj Jurisdiction 8553204.77 80501 BOY COSS MN Company BOY 3285589.88 3.491 Jurisdiction BOY EOY 3490939.22 3.286 3285589.88 3.491 3.286 3389 Amortization Total MN Company Annual Adj Annual Annual 503129.64 Production COSS 000s 503129.64 5031 5031 Deferred Total MN Company Annual Production COSS Tax Jurisdiction Annual 205349.40 Adj 000s Jurisdiction 205349.40 2051 Z05l Depreciation Total MN Company Annual Jurisdiction Annual Production COSS Adj -ii 000s AFLJDC Total MN Company Annual Jurisdiction Annual Production COSS Adj Avoided II 000s Tax Total MN Company Annual Jurisdiction Annual Production COSS Adj 000s II Sherco DeferraLxlsx Sherco JUR Data 24 45 45 45 45 45 45 47 47 03 12944 500121164 64 211 41927 121144 503 41927 41927 052944 503 41927 48 47 41927 47 47 41927 47 47 47 41927 47 47 47 41927 47 11115 41927 47 48 41927 41927 47 41927 41927 47 47 47 47 47 47 47 41927 47 47 48 41927 41927 2111489319 47 41927 64 308024054 2892003 47 328558988 2909116 41927 40 3696288.56 41927 411 371340101 3131577.88 41927 349 3918750.35 41927 200349411 3901637.9 3935862.79 3730513.45 3490939.22 41927 20S340 205 2892003.64 3097352.99 47 47 41927 3097352.99 2909116.08 41927 2115 349411 330270233 3131577.88 2926228 3302702.33 47 47 41927 3080167 3319814.77 3508051.67 97 47 47 41927 41927 3525164 3114465.43 352516411 41927 41927 371340101 3114465.43 41927 41927 3918750.35 3730513.45 3319814.77 2926228 47 47 41927 2943340 3542276 3336927 393586279 3542276.56 47 41927 3148690 3747625.9 3336927.22 3559389 335403966 42 41927 47 41927 41927 47 47 41927 47 87 41927 41927 48 41927 41927 47 41927 41927 47 41927 41927 47 47 41927 41927 47 41927 41927 47 47 47 47 47 47 47 47 47 47 47 pr 41927 65 881 41927 41927 2960453 31 41927 41927 41927 47 2020 41927 41927 47 Depr 41927 2977565 47 Dept 41927 2994678 47 41927 2019 41927 3165802.77 47 2018 41927 41927 337115211 3182915.21 47 Depr 41927 76 41927 41927 48 2017 41927 47 41927 41927 47 2016 41927 3028903 47 47 41927 3046015 3217140.1 3011790 47 41927 323425255 47 09 Bal 2015 325136499 3576501 3593613.89 338826455 3405377 Amt 3610726.34 3422489.44 3952975.24 11 3627838.78 3439601.89 45 364495123 345871433 45 3662063.67 3473826.78 45 3679176.12 2018 3747625 45 2017 3952975 45 3764738.34 45 3970087.68 3781850.79 27 3987200.13 3798963.23 24 4004312.57 3816075.68 3200027.66 07 4021425.82 383318812 17112 08 4038537.46 3850300.57 17112 17112 53 4055649.91 17112 47 4072762.35 17112 53 Bal 2943340.97 24 Bal 3148690 296045342 17112 32 Bal 316580277 3867413.01 40898748 45 Bal 2977565 87 Bal 2994678.31 3559389 3354039.66 32 Bal Book 3011790.76 3884525.46 2020 118fF 3028903.2 323425255 337115211 3182915.21 2016 2015 3063128 Bo Book 304601565 326847744 8d ADIT 325136499 3063128.09 2019 End ADIT 3268477.44 3080240.54 3388264.55 3405377 3200027.66 35 Bat End ADIT 328558988 2020 361072634 3217140.1 Dec Bal ADIT 78 BaI ADIT 2019 362783878 3422489.44 17112 22 357650145 3644951.23 3439601.B9 205349401 17112 56 3593613.89 3456714 20534940 17112 45 3662063.67 3473826 17112 17112 45 3679176.12 349093922 70438158 45 369628856 2018 ADIT 376473834 17112 45 2017 ADIT 3970087 805007513 45 378185079 3987200 7085743 8320477 7546945.49 7588872.96 45 3798963.23 17112 68 3816075 17112 17112 45 4004312 3833188 17112 17112 45 4021425.02 3850300.57 17112 17112 45 4036537.46 3867413.01 17112 40898748 13 405504991 3884525.46 57 4072762.35 3901637.9 68 410698L24 2016 12 2015 ADIT 33 2020 ADITBegBoI ADIT 17112 45 45 17112 17112 45 45 17112 7127670 45 17112 22 17112 45 45 17112 17112 45 45 17112 17112 45 17112 45 17112 45 45 17112 17112 45 45 17112 17112 45 17112 45 45 45 17112 45 45 17112 45 17112 45 45 45 45 45 45 ty 45 45 17112 45 45 17112 45 45 17112 45 17112 17112 7169598 7211525 8092002 8133930.07 -7630800.43 7672727.9 75 7253453 17 7295380 65 59 7337308 12 7714655.37 17112 Amt 817585754 821778501 7756582.84 99 8595132 825971248 17112 54 863705971 830163995 17112 37 9056334.41 867898718 7798510.31 17112 708574327 872091465 7840437.78 17112 7127670.75 9559464.05 834356742 17112 7169598.22 909826188 972717393 8385494.89 17112 758B872.96 9601391.52 8804769 17112 811920026 -7672727.9 7630800.43 914018935 9224044 17112 8133930 909B261.88 8595132 8637059.71 9643318 926597176 876284212 17112 9140189 968524646 9769101.4 9307B9923 8846697.06 17112 7211S25.7 9601391.52 9643318.99 9182116.82 9811028.87 8888624.53 7379235 -7714655 92 9301639.95 29 9349826.7 Nov 8259712.48 8175857 17 9852956 Oct B678987.1S 8217785.01 59 9894883 Amt Sep Amt Aug 42 7379235.6 45 45 17112 8720914.65 775658284 45 17112 8762842.12 7253453 45 17112 45 17112 17112 45 ty 17112 45 2019 17112 45 17112 45 ty 2018 17112 45 17112 17112 45 ty 2017 45 17112 17112 8804769 7295380.65 45 17112 7463090 9192116 733730812 45 17112 7421163 9224044.29 792429272 -7882365.25 792429272 9265971.76 779B510.31 45 2015 796622019 9307899.23 7840437.78 07 2020 7505018 55 aI ty 2019 8427422 06 8469349 36 8511277.3 A008147 83 2018 968524646 B343567 939175417 8930552 34 8972479.47 Jul 9014406.94 9727173.93 8385494.89 34 2017 B946697 8888624.53 Arnt 9769101 78823n525 81 9433681.64 28 9936811 9475609 Mit 19 997B738 851753658 10020666.22 9349826 Aofl 9811028.87 842742236 742116307 7463090.55 11 Bal 80uo147.n6 2016 2015 B930552 B972479.47 9852956 17 9391754 Jun 943368164 8469349 -7505018.02 Amt 9475609.11 75 Bal 754694549 9894883.81 -79nn220 45 BaI -8u5uu7513 2020 9936811.YB 8511277.3 02 BaI End 2019 997873875 93 8553204.77 66 Bal End Bal End BaI End BaI End Beg Beg Beg 2018 -9014406 May 9056334 94 2017 9517536.58 41 BaI 9559464.05 Amt Bal 2016 Asnt 10020666.22 Apr Aust YOO6253 Amt bsl 2015 17112 ADD FMS 01 2015 ADITAct Book FMS 06 May 2015 06-01 ADIT End May FINAL FINAL ADITACO Year 2016 ADITAS04ISY End 06 2015 b8pritd Anti End May FINAL ADIT Beg 01 2015 Dept AdJI0 Book FMS 06 06-01 Accurn FMS 01 May FINAL 01 06 2015 May 201505 06111 Depr FMS 201505 FINAL FMS 63874212 2015 FMS 201505 2015 FINAL FMS May 63874212 FINAL FINAL FMS 201505 2015 FMS 63874212 2015 2015 06-01 Accum ADIT FMS 201505 2015 Depr ADIT FMS 63874212 FINAL 01 63874212 201505 FINAL 06 63874212 201505 01 201505 06 201505 May 63874212 63874212 May May FINAL 201505 01 May 06-01 FINAL 201505 63874212 06 May 06431 2015 201505 63874212 2015 Beg 01 May 06-01 May May FINAL 2015 Beg 06 May FINAL 2015 Bog 01 May 2015 06-01 Ddl 06 May 06-01 63874212 63874212 06 May FINAL Accum Beg 201505 FINALO6-01 Depr Beg 63874212 2015 Depr Accum Beg 63874212 201505 2015 01-2015 Accuo Beg 201505 FINAL Dept Act 201505 63874212 FINALO6 Dept Accurn Act 63874212 FINAL Accum FMS 201505 Depr Accum FMS 201505 63874212 FMS 63874212 2015 FMS 63874212 201505 FMS 63874212 FINAL FINAL FMS 01 2015 201505 FMS 201505 FMS 63874212 FMS 01 2015 FMS FINALO6 FMS 01 201505 FMS 01 63874212 FMS 06 2015 FMS 01 FINAL FMS 06 201505 FMS 01 63874212 06 06 2015 FMS 01 2015 FINAL Depr FMS 06 FINAL 201505 Accuni FMS 01 201505 May 63874212 63874212 Depr FM 06 2015 Accuse FMS 01 2015 Activity FMS on 01 FINAL 2015 Deuc ALtUnf FMS 01 FINALO6-01 2015 FMS 06 63874212 201505 FINAL May 201505 2015 FINAL May 63874212 2015 FINALO6-01 May 201505 2015 May 63874212 2015 2u15 FINALO6 May 201505 201505 2015 01 May 63874212 63874212 FINAL 06 2u15u5 201505 FINAL 2015 01 May 63u7421z 63874212 May 201505 63874212 06 FINAL 01 201505 tern 06 63874212 FINAL May 201505 Desc FINAL May 63874212 Version May 201505 Mar Budget 63874212 Feb Veruion Jan Budget ID ID Cla Func Deferrol File 12969 flSO3 OSUEJJJ 1EY PUBLIC DOCUMENT TRADE SECRET INFORMATION AND NON-PUBLIC DATA EXCISED Xcel Energy Services Inc. Estimate of Costs Included in the 2014 Minnesota Electric Test Year Based on 2014 Actual Transco O&M Costs As Originally Filed Xcel Transco 2014 Budgeted O&M Costs Business Area Budgeted O&M Included in 2014 MN Electric Test Year O&M Costs** Docket No. E002/GR-15-826 Volume 4B Test Year Workpapers - Adjustments Tab A34 - Page 1 of 1 Based on 2014 Actual Costs Xcel Transco 2014 Actual O&M Costs Estimated O&M Included in 2014 MN Elec Test Year O&M Costs** [TRADE SECRET BEGINS Transmission Legal Services Financial Operations Other Total * *** TRADE SECRET ENDS] Months to Amortize Monthly Amortization $ 36 (3,846) Originally filed in Docket No. E002/AI-14-759 Compliance Filing, Attachment A *Includes miscellaneous departments supporting the Xcel Energy Transco efforts including certain executives and Supply Chain. **Minnesota Electric Jurisdiction Test Year (Docket No. E002/GR-13-868) costs do not include the impact of Interchange Agreement billings to NSPW. 2014 Actual MN Electric costs use 2014 Test Year jurisdictional allocators for consistency. ***This amount will be included as an offset to the NSPM cost of service in the next general rate case. Note: Most Transco-related legal services costs were for external resources incremental to costs in 2014 Budget and Test Year. Any changes to the cost of those external resources would be included in total Xcel Transco expenses, but would not be allocated to the Minnesota Jurisdiction because they were not part of the original 2014 Test Year. In addition, expenses in Transmission business units outside the NSPM service territory (i.e. SPS) were not included in the original 2014 NSPM Budget and Test Year, and changes to expenses in those business units would not be included in the Minnesota Jurisdictional allocation. snr iappj sai Purpose This adjustment removes all costs and revenues associated WP-A35 Rider with the RES.xlsx MN RES Rider Purpose Year 2015 $0 Retail Total 2016 2017 2018 2020 2019 Revenues Operating Revenues Operating $0 $17261522 $17261522 $18001372 $18001372 $14280256 $14280256 $12288694 $12288694 $10003005 $10003005 Expenses Expenses Operating Fuel Purchased Power Production $0 Energy $0 $0 871630 200778 Transmission 4886185 1606225 $0 5112042 1606225 $0 5048626 1606225 $0 4581353 1606225 Distribution Customer Accounting Customer Service Econ Sales Administrative Total Information Other Dvlp General Operating Expenses Depreciation Amortization $0 $1072409 $6492411 $6718267 $6654852 $6187578 $0 $441347 $1354758 $9175709 $9175709 $9175709 $9175709 $1442091 $1 $0 $0 $0 $664124 $24136996 $664124 $13127411 $664124 $6509192 $664124 $6474907 Taxes $0 Property Income Deferred Federal State $202013 Tax 508439 10722837 36118180 27007434 20912705 21558807 $306426 $4477342 $11317060 $13215899 $13739389 $14419777 Taxes Total Expenses Allowance Total Income $0 $15200179 ITC Other Payroll Total Tax $1135665 During Construction Income Operating Calculation Funds Used for $7345855 $102815 $0 ADIT Base Operating Income Income Deficiency Revenue Deficiency Calculation Income of $11602180 $10197522 $9059495 33001836 33001836 108732793 220674 217465585 217465585 217465585 217465585 23380619 55517169 $138567797 10184733 32556327 62009219 $122900039 9070023 9059495 10528 $33102843 2429749 $134115878 9844105 $185369719 13643211 14204910 45698868 $157561807 11596549 1238480 1191269 $2031841 9915667 $0 Operating Exp 0th than Additions Deduct to from before Adjs Income Income Debt Synchronization State Taxable State Income State Tax Federal Tax before Credits Credits Fed Income Federal Tax Income Tax Tax 11602180 10197522 7101 5631 12789 $122056 $12111 $9604 $21813 $17261522 1072409 $17957 $18001372 6492411 before $741504 $1229004 $120442 Credits $1108562 $387997 $12288694 6654852 $10003005 6187578 664124 664124 664124 664124 $14834356 $4896838 $42584556 $3004196 $10844837 $6897865 $4969718 $3151303 $68318175 $4189356 $41340311 $3560897 $25123043 $3117775 $25039030 $2802121 $25857557 $61662694 $38003342 $23271100 $24689848 $2534041 $6042944 $3724328 $2280568 $2419605 $0 $0 $0 $23323517 $55619750 $8163231 $25566 $0 $508439 $14280256 6718267 1354758 $0 Income Credits $1442091 $528417 $0 Income Taxable 13650312 71561 Inc Income Operating 5029201 27066665 7398077 1442091 Amortizations Taxes $0 Taxes Revenue Operating $0 $13650312 101006 Income $0 $943510 $9915667 Reserve Operating $0 $2091172 $1238480 Plant Required $2678077 Revenue Requirements of CWIP Rate $4351060 $0 $0 $34279015 $0 $0 $0 $20990532 $19466912 $11997655 $10608324 $11285451 $11285451 $11344617 $36118180 $27007434 $20912705 $21558807 $10722837 $7346686 $0 $22270243 $7794585 2.24% 2.24% 2.26% 2.26% 2.25% 5.10% 5.10% 5.10% 5.10% 5.10% Rate 41.37% 41.37% 41.37% 41.37% 41.37% 41 Fed Rate 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% Rate Debt Equity Tax State Rate Rate Conversion Factor Allocator Wind Allocator Transmission 9.80% 9.80% 1.705611462 1.705611462 9.80% 1.705611462 9.80% 1.705611462 9.80% 1.705611462 2.28% 5.10% .37% 9.80% 1.705611462 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.49% 73.49% 73.49% 73.49% 73.49% 73.49% WP-A35 Rider RES.xlsx Calculation 9cV 3Pfli U2L Purpose This adjustment removes costs and revenues associated WP-A36 with the MN Rider TCR.xlsx TCR Rider Purpose BOY CWIP Plant Service In Depreciation Reserve Accumulated Total Deferred Production Income Rate Base Total Rider Revenues Retail RECB Revenue Other RECB Expense OATT Book Company EOY BOY $/974 _________ Rider Inputs Rev 21645684 148316706 121270789 Revenues 1746864 Maintenance Depreciation Deferred 7291540 Revenues Revenues Revenue Credit Other Operating 316449725 2185.372 41 Y98 Income Tax Statement EOY 110841245 56440050 255983627 5106169 Expense 3607599 Income Tax Expense Property Tax Expense 4387784 AFUDC Debt AFUDC Equity Income Tax Statement Tax Depreciation Avoided Tax MERP Removal Only Mnd Tax Credit Production 16736043 2795528 Expense Interest Amortizations Over/Under from Over/Under from current prior 9716915 year 8787 year Other Amortization 9708128 Total Amortization U1II_1III1II Rate Base BOY BOY 41476976 Vr9 Plant Service In 188118666 1605998 Depreciation Reserve Accumulated Deferred Income Tax Total Transmission Rate 25539702 O4942 Base y9g9 Income MN JUR Statement Rider Revenues Retail Revenue RECB Expense OATT Revenue Credit Other Revenues Depreciation Expense Deferred Income Tax Expense 5358447 28190875 Ot 95 Rider Rev 108995802 89 120 149 1283745 AFUDC Debt 3752449 2651172 3224519 Property Tax Expense Income BOY Maintenance Operating Book BOY 21645684 Revenues Revenues RECB Other Inputs \L11 81455628 232554327 Equity Tax Statement Tax Depreciation Avoided Tax Removal Production 12299076 Expense 2054393 Interest MERP Only Tax Credit VSnd Amortizations Over/Under from prior Over/Under from current 9716915 year year 8787 Other Amortization 9708128 Total Amortization Return Debt Retum 5408598 12314220 Equity Retum Total Retum 17722818 Expenses Maintenance Operating Book Depreciatron 89120149 3752449 Expense 2651172 3224519 Deferred Income Tax Expense Property Tax Expense 9708128 Amortization Total Expense Income Book Tax Retum Equity 12314220 3752449 2651172 Depreciation Deferred Taxes Avoided 89120149 19336268 Tax 2054393 Interest Less Tax Depreciation Less PTC Less Removal 12299076 Gross-Up Costs 8473159 07056 Total Basis Income Tax Factor Income Tax ti1-t Revenue Total Revenue Requirement 41754.100 19875.653 41754100 21645684 41521336 Less Revenues COSS Impact to Impact of rolling Def rider of removing into 07056 5978758 Req rider COSS WP-A36 RidvrTCRuku Calculation mpannp i_/ BOY 88 CW1P Plant Total EOY 110841245 Service In Depreciation Reserve Accumulated Deterred Rate Production 316449725 7291540 Income Tax 38360905 1B46$$ Base Rider Revenues RECB Revenue RECB Expense OATT Retail Other 13283103 42599701 Company API Rider Inputs Revenues Revenues L1 erY8rse Rev 32326496 148.278899 135833034 Revenue Revenues Credit Other 2139022 Maintenance Operating Book Total Statement BOY 47$64Z2 42142B6 Income BOY 131522851 398007160 5991563 Depreciation Expense Deferred Income Tax Expense 4238799 Property Tax Expense 5424226 AFUDC Debt AFUDC Equity Tax Statement Income Tax Depreciation Avoided Tax Production 21702813 5330879 Expense Interest MERP Removal Only Mnd Tax Credit Amortizations year Over/Under from prior Over/Under from current year Other Amortization Total Amortization $np UM Rate Base BOY CMP Plant 81 Service In Depreciation Total Deferred Transmission Income 232554327 5358447 Reserve Accumulated Rate MN Retail Revenue Other RECB Expense Revenue Revenues Revenues Credit Other Revenues BOY 9761561 31305904 348O7483 Wi\ 4885B1 Rider Rev 32326.496 108968018 1571936 4403113 Expense Income Tax Expense Tax Expense AFUDC Debt Income Inputs BOY 99.821.732 Depreciation Property .JUR lder EOY 96654241 292489707 Maintenance Operating Deferred 28190875 284683 Statement RECE Book Income Tax Base Rider Revenues OATT 455628 3115032 3986185 Equity Tax Statement Tax Depreciation Avoided Tax Production 15949.083 Expanxe 3917439 Interest MERP Removal Only Tax Credit Vifind Amortizations Over/Under from Over/Under from current prior year year Other Amortization Amortization Total Return Debt 7102489 Return Equity Return 16.027896 Total Return 23130166 Expenses Book Depreciation Deferred 99821732 Maintenance Operating 4403113 3115032 Expense Income Tax Expense Property Tax Expense 3988185 Amortization Total Expense Income Tax 16027696 Equity Return Book 4403113 Depreciation Deferred Taxes Avoided Tax Less Less Less Total 99821732 11504330 Tax 3115032 3917439 Interest 15949083 Depreciation PTC Gross-Up Removal Costs Basis Income Tax Factor Total Revenue 11514198 07056 t/1-t Income Tax Revenue Requirement Impact COSS Impact of rolling 9146286 41.187109 32326496 Less Revenues to 07056 8124550 Req Def of removing rider into rider 41187 109 41472782 4Zt8 COSS WP-A36 RiderTCR.ulxu Calcalation 1VJIIIIb1IIk 1P BOY BOY CWP Plant Service In Reserve Depreciation Accumulated Total 131522851 398007160 Income Tax 42599701 __________________________________ Base Rate BOY 20920426 50685181 13283.103 Deferred Production BOY 13225 569956871 49B364489j 4866Q5B48J Income Rider Statement Revenues RECB Revenue RECB Expense OATT Rider Inputs Credit Other Revenues Rev 37896378 158736032 144412242 2070569 Maintenance Depreciation 7637323 Expense Income Tax Expense Deferred 8085480 6822192 Tax Expense Property Company Revenues Revenues Retail Other Revenue Operating Book Total AFUOC Debt AFUDC Equity Income Tax Statement Tax Depreciation Avoided Tax MERP Removal Production 32264747 4828963 Expense Interest Only Tax Credit Wind Amortizations Over/Under from prior Over/Under from current year year Other Amortization Amortization Total Ail Rate Base BOY CW1P Plant In Service Depreciation Deferred Total Transmission Income Tax Base Rate 31305904 iQf9gQ Income MN JUR Statement Rider Revenues Retail RECB Revenue Other RECB Expense OATT Revenue 15374119 37247807 el xB8g8 Rider Rev 37896378 Revenues Revenues 116652815 106126468 Credit Other Depredation Revenues 1521631 5612558 Expense Deferred Income Tax Expense Property Tax Expense AFUDC Debt Income Inputs EOY Maintenance Operating Book BOY 9719 418853062 rj Di 9761561 Reserve Accumulated EOY 96654241 292489707 5941902 5013530 Equity Tax Statement Tax Depreciation Avoided Tax Removal Production 23710896 3548735 Expense Interest MERP Only Tax Credit Viilnd Amortizations Over/Under from prior Over/Under from current year year Other Amortization Amortization Total Return Debt Return 9071786 18215092 Equity Return Total Return 26286878 Expenses Maintenance Operating Book Depreciation 106126468 5612558 Expense Deferred Income Tax 5941902 5013530 Expense Property Tax Expense Amortization 16567991 Total Expense Income 18215092 Equity Return Book 5612558 Depreciation Deferred Taxes Avoided Tax 5941.902 3548735 Interest Less Tax Depreciation Less PTC Less Removal 23710896 Gross-Up Costs 9607391 Total Basis Income Tax Factor Total Revenue 0.7056 t/1-t Income Tax Revenue Impact to Requirement of COSS rolling Def rider of removing into 0.7056 6779085 Req 48112323 10526346 48112323 37896378 48422724 Less Revenues Impact 106126468 Tax COSS rider 442 WP-A36 RiderTCR.uks Calcalatisfl aainospui Northern Power Company States Minnesota Corporation Budget Adjustment Worksheet Remove WrndSource from 2016 Budget 2016 from test Wind year Source stand alone program offered Minnesota De 15 Dec Direct 5254 5532178 Retail 5254 070 Market MN Energy ng CF-MN PTD BU BU 1128 Electric MN NSPM Total 5532178 OM Tax Payroll WindSource Mktg WndSource Mkta Direct 2223 1765 765 Mktg ALS WindSource MN 463035 Taxes MN Payro MKT Costs MKT Admistrative 408 rg Market Power Elec Purchased Method Description POWER ELEC PURCHASED REMOVE Budget JOE TOTAL 2016 from 555 WindSource Description direct -2016 Allocation FERC Reason casts are program at WindSource and with in associated is operatirg expenses the revenues the and removes the This adjustment Purpose from 218654 247565 39 39 76 6435 334 6435 922 Jj9 rect 911 _J9 rect MN Mktg MN WindSour Direct 247565 MN Mktg 654 218 210 MN 932t 28 28911 064 38 MN ect Di Mktg WindSource MN 463035 WindSource MN 463035 MN 463035 MKT NL AG 931 Rents sioi MKT Load Insurance MKT Damags Injuire MN Information Per 926 PAYROLL Customer Direct OM TAX TOTAL 4RO1 LA AG 925 Labor 483035 irfrryfrn MKT Total lnforniatio MN 908 Customer 10930 9396 262149 258726 258726 VE Revenue 5485696 5144 620 Direct 519390 MN Electrc ru Othe Rev TOTAL Reveue 456 Rem WndSour 5144620 5485696 REVENUE Allocation Method TOTAL Minnesota 569 578 569 NET ADJUSTMENT COMPANY 578 569 Energy 578 106 00426 158 OM to Expenses REVENUE REQUIREMENT Paver Elec kWhSales 578569 riyiv Due Adjustment Purchased POWER ELEC PURCHASED MclJubUntHL TOTAL Costs Capaity $/kWh 127 TOTAL 555 Avoided Descnption PTD ADD FERC BACK WN 41 14 MW St NIM Mt IV 141 Au 460 MN St Mt 11 41 StK 46 MN II St St NM II VII 41 IV 1414 NC StCW MN StI 46 WI 11 1St 61 11 kg PA 441 1St St IIj MtM V3V 141 St WP NI 110 IVN St 44 cMt St St IV NP NI St WI IV14M 41 IV StN St IV VII St 411 1St gSt St MN Ml St 64 St 46 St 44 St IMN 414 04 St 411 1/14gM 11 St laSt St 4MN 414 IV 46 NM 14914 9496 111W IutktgV 11PM 111/14gM WiureSt iurc kIgStN IVIIMN 44111 01411 VtgSt MMINIII I/KU kgVN StkI$StN 6Pel lrer I/flU SlIMS StCV 41St 46 25 -3 \ci rthern States Power Capacity Annual MISO Carrying Costs Line Capacity $90.59 Line kW per of 35.16% Factor 95% 8760 Hour/Year Hour of Operation Credit per Line kWh Line 2014 Windsource Generation 2014 Windsource Capacity Source Midwest 2This Windsource kW $13.32 Availaibility Factor Capacity 10 14.70% Wind Capacity Line Line Avg Annual Capacity Annual No ____MAP-I Credit Accredited Costs Avoided EOO2IGR-15-826 Schedule Ending December 31 2016 Windsource No Exhibit Minnesota Utility TestYear Docket Minnesota Corporation Company ISO Planning Credit is Line Line Forecast Credit in the $0.00455 kWh Line 10 Year 201 5-2016 included 2926 Line TY2016 127158106 $578569I Linell LOLE Study Report November Revenue Requirement 2012 kWh 2015 MW6 HrstoncaJEstrmat 2016 Sates 77 740 14 948 15 Tots 101 Fe 10373 dertv 53 Growth Revenue Hstorca/Es8mated Re 343180 dentw 18580 June August November ember 80 105 9% 8o 50487 52704 781461 35 86 12 496 14 05 111 254386 11 13505 860 15041 12 318 4068 4796 30 72 11 81 255 12 10 5534 12 830 28 11 892 634 19 05 789 11 125 54 12 75 60 860 12 15 2016 EsOmated October kwh E0tmated Revenue 43262$ 48199 34470$ 4966 4708$ 768 35637 93 77 48882$ 035 4865 511 3356$ 41 16$ 4271$ 128 49 8rdge 71 2015 September Dc AprH Juy March May Feb uery 1566008 $544620 900 To January 351861 $46400 453970 4061 4577$ 38698 $4292 WINDSOURCE FUEL COSTS Entity Variable 2016 Wind Source Cisco Cost 2016 Wind Source Garwin McNeflus Cost 2016 Wind Source JJN Cost 2016 Wind Source MinWind Cost 2016 Wind Source West Ridge Cost Section NSPW NSP 1504 01 NSPW NSP 150401 NSPW NSP 150401 NSPW NSP 150401 NSPW NSP 15 0401 Annual 1420 $000 $000 $000 $000 $000 709 106 1020 924 4141 Total Entity Variable NSP 150401 NSPW 2016 Wind Source Cisco Generation NSP 150401 NSPW 2016 Wind Source Garwin McNeilus Generation 2016 Wind Source JJN Generation 2016 Wind Source MinWind Generation 2016 Wind Source West Ridge Generation Section NSP 15 0401 NSP 150A 01 NSP 1504 01 NSPW NSPW NSPW Annual GWh GWh GWh GWh GWh 28 22 31 27 111 Total Entity Variable 2016 Wind Moraine II Cost 2016 Wind Moraine II Generation Section NSPW NSP 150401 NSPW NSP 150401 x% Moraine II x% Moraine II WindSource 9536 $000 Fuel Cost GWh 164 289 $000 Generation Annual Projects Wind Moraine Annual II Wind Source Cisco $/MWh 57 $/MWh 4988 98 $IMWh 3236 Wind Source JJN $/MWh 33.50 Wind Source $/MWh 33.00 Wind Source West $/MWh $3400 Total $/MWh 38 4429 McNeilus Wind Source Garwin MinWind Total NSPResource Cost $000 Total NSPResource Sales GWh Total NSP-Resource $/MWh $/MWh Fuel Cost assigned to RECs $000 33 116 3833 825 GWh MW 30 2733 Annual Windsource Cost $000 5254 Windsource Sales GWh 146 Windsource Rate $/MWh tS0oA RIDONI0 E300A FdD5tlteiRl g0otot 500 0000010 dpo Ft P000000 boAt boot FF0 00000 001.0 Pod 00100 00 00000 OAOttSF 0000 000 tO I-opd 50000 C5 Op0000t 550000000 to tool IFtot Ft 00 loFts 00000 ttooo 1010001900110000 1000 Pt It 00 Ott It tot Cp to 5F Its 1ot.O0o1otT000lk too FF00 otrt13000000tt FOB lots ill OtC0000tOF Otto SO 05 too W9Ao tAo 0At IFAF 0000 Sept10 lrttcepf 0-0 1000 OF Osdoototoot 5000010 trod OF OAt 01 Ft 000000 tAbS 00110 tO 00000 000 oF Root 0010etoooa109Stl to ItO 0000 00 toot pootoRtoetoott/Ot 0-ietttooolt00Bo 9911 00 00 05 0t 00 sog000 St 50 Bt300 Ott ..otIOi1_1_1O Or tt00t /Etttttt 111050 01 000 005FtL tOt t000 001000Stpto F50 0t0000F0 Ft IttotI 010 001 10 St a4nJ-old IIUV 8EV Rate Last Authorized ROE 2016 2016 9261277 Deferred 8500076 IvIN Prorated Monthly Jurisdiction Prorated Monthly Expense Expense 7272348 10057758 9231093 17981361 16503441 8459539 17981361 15124049 7923603 6664510 13596864 5991546 17981361 7923603 7605318 7003048 10057758 9261277 17981361 12118944 10591760 246 7789622 276 9261277 67.40/a 215 9261277 58.90/a 185 9261277 50.68% 154 123 6241847 5455273 4694072 7923603 5340291 10057758 6778653 7923603 4667328 10057758 5924433 17981361 17981361 9113840 17981361 7586656 6059472 7923603 4016073 10057758 5097768 10057758 4243547 42.19% 9261277 3907498 7923603 3343109 7923603 3389327 17981361 3120924 10057758 9261277 2670146 33.70% 10057758 2562662 17981361 4581552 7923603 2018891 10057758 1708441 17981361 3054368 881776 17981361 1576448 27556 17981361 93 25.48% 62 16.99/a 32 Total Jurisdiction 9261277 8.77/a 0.27/a December 7923603 Plant Deferred 307 May November Deferred Jurisdiction Prorated 75.62/o July October Plant 84.11% June September Prorated 10057758 Apr11 August IvIN Jurisdiction NOL Deferred Plant NOL 335 March Plant 91.78/a Company Prorated MN Factor Company MN to February Total Prorate Prorate January LHi Expense Total Days 215776327 120693096 Tax MS Deferred Annual 9261277 2359723 9261277 1573148 9261277 811948 9261277 25373 7923603 7923603 7923603 1345927 694672 21709 10057758 10057758 Total 99956659 Days Pro-Rate Method Average BOY/EOY Average Adjurtment Tax Composite of Required Rate 11 to Tie Schedule Revenue Requirement 2.24 Fqui Return RE RB Annual Revenue Requirement Debt Tax Equity Return 41.37/a 2.22 LTD of Cost 57909.834 0.02/a STD Cost of Weighted Weighted Cost of Weighted Rate of Weighted Coat 49978330 j558.1 64 BOY/BOY Rate Base ExhibiL./LIIP Schedule Page Return At 31 Ending December Test Year Last Authorized Adjustment of Deferred Annual Deferred Factor Impact 7.34% 3.60% 10.94 6334536 of Method Accumulated at NOL Including E002/GR-15-826 ExhibitAEH-1 Tax IRS Pro-Rate Electric Retail 23 Minnesota No Docket NSPM No Docket NSPM Minnesota Deferred Back-Up Adjustment Page Deferred Annual ROE requested Requested ROE at 2016 At Ending December Calculated 31 Test Year 2036 Deferred Thx MS Annual 307 84.11% Jurisdiction Prorated Monthly Jurisdiction Prorated Monthly Etuensc Expense 8525450 7923603 7272348 10057758 9231093 17981361 16503441 9261277 7923603 6664510 10057758 8459539 17981361 15124049 9261277 7789622 7605318 17981361 13596864 17981361 12118944 7923603 5991546 9.261277 5340291 10057758 6778653 67.40% 7923603 9263277 5455273 7923603 4667328 10057758 5924433 17981361 Iu591700 5890% 7923603 4016073 10057758 5097768 9113840 9261277 4694072 17981361 50.68% 4243547 17981361 7586656 154 42.19% 123 93 62 32 December Total Plant Deferred 185 November Jurisdiction Prorated 215 October Deferred IVIN 6241847 246 May September Plant 7003048 July August Deferred Jurisdiction Prorated 9261277 75.62/n April June Plant 10057758 276 March Deferred Company Prorated NOL 335 91.78% Company NOL to February Plant Factor Prorate January Total Prorate MN Total Days 215776327 120.693.096 95083233 111335327 Expense 33.70% 25.48/o 16.99% 9261277 3907498 7923603 3343109 10057758 7923603 2670146 10057758 3389327 17981361 6059472 9261277 3120924 2562662 17981361 4581552 1708441 17981361 3054368 17981361 1576448 17981361 9261277 2359723 7923603 2018891 10057758 9261277 1573148 7923603 1345927 10057758 8.77% 9261277 811948 0.27% 9261277 25373 7923603 7923603 694672 10057758 881776 21709 10057758 27556 Total 99956659 Days Pro-Rate Method BOY/EOY Average 49978330 BOY/EOY Average 107.888.164 Rate Base Adjustment Tax Composite Debt Return RE Revenue Requirement Revenue Requirement 0.02% 2.22% 2.24/n Equity Tax Return 41.37/o LTD Schedule 31 to Tie J1P-1 Rate 57909834 STD RB Annual Cost of Equity Cost of Required Cost of Weighted Weighted Cost of Weighted Rate of Weighted Exhibit Workpaper Factor Impact 7.49% 3.70% 1l.l9% 6482693 of NOL Including Method Accumulated Tax IRS Pro-Rate E002/GR-15-826 Electric Retail Workpaper Adjustment Page Deferred Annual Ending Dcembcr 31 rraiud Deferred E002/GR-15-826 Back-Up 2017 2017 62998563 77182080 Expense 6431840 4818383 5409794 4415653 5249880 3969772 Monthly Expense Expense 4818383 5249880 4415653 5249880 3969772 4863528 5249880 5249.880 3538275 3538275 4334884 5249880 6431840 5249880 092.395 5249a80 3092395 2660898 2660898 5249.880 5249880 2215018 5249880 2215018 5249880 1769138 5249880 1337641 58.90% 185 6431840 6431840 50.68/o 154 123 93 62 32 December 5249880 5249880 Prorated Monthly 6431840 215 November 5903196 Prorated 246 October Jurisdicho 276 May September Plant Deferred 67.40/s 3788618 3259974 42.19/s 6431840 2713708 5249880 33.70% 6431840 2167442 5249880 1769138 1638798 5249880 1337641 July August Deferred Jurisdiction Prorated 75.62% April June Plant NOL 84.11% Deferred Jurisdiction Psorated MN 6431840 Plant NOL 307 March Deferred Company Prorated MN 335 91.78/s Company MN to February Plant Factor Prorate January Total Prorate MN Total Days Hi Deferred Jurisdiction Annual Tax illS 62998563 25.48% 6431840 16.99/s 6431840 1092532 8.77% 6431840 563887 0.27/s 6431840 17623 5249880 891760 5249880 5249880 460263 5249880 5249880 5249880 14383 891760 460263 14383 Total 29183581 BOY/EOY Average 14591791 BOY/BOY Average 31499.282 Total Days Pro-Rate Method Rate Base Adjustment 16907491 gaasted Cost of of RB Revenue Schedule 11 to Tie Exhibit.LIIP Requirement Requirement 41.37/a 0.05% Debt Eqjaa Return Tax Equity Return Revenue 41.37/ 0.05/s 1111 Factor Impact 2.23% 2.21 2.26% 2.26/s Z5Ea 7.51% MOB of Cost Required Rate Rate LTD Cost of Weighted Weighted of Weighted Cost STD Tax Composite Weighted 7.36% 3.79Ba 3QLa 11.21% 10.96% 1896084 1852827 of NOL Including Method Accumulated 3-Year Tax IRS Pro-Rate Electric Retail Ask Minnesota No Docket NSPM No Docket Minnesota Method Accumulated Annual Workpaper Adjustment Page Deferred 31 Ending December Period Deferred E002/GR-15-826 Back-Up 2018 2018 Dcferred Tax RIS Annual 60234388 73263890 Expense Total 215 Jurisdiction Prorated Plant Deferred udsdscOon Prorated Monthly Jurisdiction Prorated Monthly Exnense Expense 5019532 4606968 5019532 4606968 5019532 4221908 84.11% 6105324 5135163 5019532 4616629 5019532 3795592 3795592 6105324 5019532 75.62% 5019532 3383027 67.40% 6105324 4114821 5019532 3383027 58.901o 6105324 3596287 5019532 2956711 3094479 5019532 2544147 5019532 2956711 5019532 2544147 6105324 42.19/a 6105324 2575945 5019532 2117830 33.70% 6105324 2057411 5019532 1691514 25.48% 6105324 1555603 5019532 1278949 1.037069 5019532 852633 852633 6105324 5019532 16.99% 5019532 440069 5019532 93 62 32 December Total Deferred IvIN 123 November Plant 154 October 5603517 Jurisdiction Prorated 50.68% 185 September Deferred IvThl 4221908 July August Plant NOL 246 May June Company Prorated MN 276 April Deferred 6105324 91.78/a 307 March Company NOL 335 February Plant Factor Prorate January Total Prorate to Days 60234388 8.77% 6105324 535261 5019532 440069 0.27/a 6105324 16727 5019532 13752 5019532 2117830 5019532 1691514 5019532 1278949 Total 27903099 Days Pro Rate Method BOY/EOY Average 13951549 BOY/EOY Average 3Qjj2194 Rate Base Adjustment 16165645 Last Requested Schedule Revenue Rcquirement Revenue Requirement Authn47ed 41.37% 0.05 2.21 2.21% 2.26% 2.26% Cqns 5.25% Return 7.51% 7.36% ER L1IP-1 11 to Tie Exhibit Return Debt Tax RB Annual of Equity of Cost Required Rate 0.05/a LID Cost of Weighted Cost of Weighted of Weighted Cost 41.37 STD Tax Composite Weighted Rate Factor Impact 11.21% 1812890 10.96% 1771531 lof NOL Including 3-Year Tax IRS Pro-Rate Electric Retail Ask NSPM No Docket NSPM Minnesota Reconciliation Annual Deferred Tax 3-Year Deferred Accumulated Method IRS Pro-Rate Electric Retail to 12xhbit Tax E002/GR-15826 Ask Back-Up Wotkpaper Adjustment HP-1 Schedule of Page 11 2016-2018 Periods Base Unadjusted Total Compasy tmsnts Common New 9901118 9901118 COA Nuclear Outage 11 LHP-1 Scheduln to 589072 589072 Study Life Ties 4279 6919 6919 CIAC Business Remaining 141404626 592982 4279 Dog Screenhouse Black 4393695 592982 Gas to Allocated Plant Non-Plant Total 145798321 60783 60783 Fuel Nuclear EPU P1 Update Recovery 18200179 15200179 Rider TCA 205349 205349 Unit Sherco RES 1179012 1179012 2651172 2651172 Rider Total Base Adjusted Company 4393695----- 115529022 Other MN Only-Total Company i2O693096 NOL 219615442 Non-Plant Total Base-Total Unadjusted Company tmentS Common Gas to LHP-1 Schedule 11 Plant Ties 99582975 to 6925 7529655 7529655 COA 23 253327 Study Nuclear Outage Schedule AEH-1 to 44130 253327 Life Remaining Ties 215776327 1621162 1621162 6925 CIAC Business 104219392 4636418 44130 Dog Screenhouse Black New Allocated 120t693O9_ 3839115 36470 36470 Fuel Nuclear Update EPU Recovery P1 RES TCA 24136996 24136996 Rider 3115032 3115032 Rider Company -Total Base Adjusted 818184984636418177l82080D55tOPP Other MN 205349 205349 Unit Sherco 1179012 1179012 Only-Total 6704745 Company Ties O5ii82 2017W to PP NOL 67049745 Non-Plant Total tm New Company 5321634 tots Common Black -Total Base Unadjusted 113716525 Allocated to Gas Dog Screenhouse Business Remaining CIAC Life Study Nuclear Outage COA Plant 108394892 Ties to LHP-1 Schedule 11 1944213 1944213 11610 11610 6925 6925 4834171 4834171 7902291 7902291 21882 21882 Nuclear P1 Fuel Update 1179012 EPU Recovery Sherco RES 1179012 205349 205349 Unit 13127411 13127411 Rider 5941902 5941902 TCA Rider 85 524 Base Adjusted -Total 321634 326 89 Ties to 201B Workpaper Company Other MN OnlyTotal Company NOL 64884087 4649699 60234388 Ties to 2018 Workpaper
