VOLUME 15 of 18 - NV Energy184 182 191 182.32 186 189 190 Deferred debits MTM Asset Value Deferred...
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SIERRA PACIFIC POWER COMPANY d/b/a NV Energy ELECTRIC DEPARTMENT BEFORE THE PUBLIC UTILITIES COMMISSION OF NEVADA In the Matter of the Application by SIERRA PACIFIC ) POWER COMPANY D/B/A NV ENERGY, filed ) pursuant to NRS 704.110(3) and NRS 704.110(4), ) addressing its annual revenue requirement for ) general rates charged to all classes of electric ) customers. ) Docket No. 19-06____ __________________________________________ ) VOLUME 15 of 18 Work Papers Statement A Statement B Statement C Statement D Statement E Statement F Schedules F-1 to F-4 Statement G Schedules G-1 to G-5 Statement H Schedules H-CERT-01 to H-CERT-12A Recorded Test Year ended December 31, 2018 Certification Period ended May 31, 2019
Transcript of VOLUME 15 of 18 - NV Energy184 182 191 182.32 186 189 190 Deferred debits MTM Asset Value Deferred...
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SIERRA PACIFIC POWER COMPANY d/b/a NV Energy
ELECTRIC DEPARTMENT
BEFORE THE
PUBLIC UTILITIES COMMISSION OF NEVADA
In the Matter of the Application by SIERRA PACIFIC ) POWER COMPANY D/B/A NV ENERGY, filed ) pursuant to NRS 704.110(3) and NRS 704.110(4), ) addressing its annual revenue requirement for ) general rates charged to all classes of electric ) customers. ) Docket No. 19-06____ __________________________________________ )
VOLUME 15 of 18 Work Papers
Statement A Statement B Statement C Statement D Statement E Statement F
Schedules F-1 to F-4 Statement G
Schedules G-1 to G-5 Statement H
Schedules H-CERT-01 to H-CERT-12A
Recorded Test Year ended December 31, 2018 Certification Period ended May 31, 2019
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Index
Page 2 of 248
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Sierra Pacific Power Company d/b/a NV Energy
Electric Department
Volume 15 of 18 Work Papers
Index Page 1 of 1
Page Description No. Work Papers For The Following Statements/Schedules:
Statement A Balance Sheet 4 Statement B Income Statement 13 Statement C Statement of Retained Earnings 19 Statement D Statement of Cash Flows 22 Statement E Accountant’s Annual Report 35 Statement F Weighted Cost of Capital 37
Schedule F-1 Cost of Debt 64 Schedule F-2 Cost of Preferred Stock 68 Schedule F-3 Cost of Common Equity 69 Schedule F-4 Common Stock Issuance 70
Statement G Summary of Rate Base 72 Schedule G-1 Plant in Service Summary 76 Schedule G-2 Reserve for Depreciation and Amortization 85 Schedule G-3 Depreciation Methods 95 Schedule G-4 Summary of Materials and Supplies 104 Schedule G-5 Cash Working Capital 112
Statement H Summary of Results of Operations Before & After Rate Adjustment 114 Schedule H-1 Detail of Adjustments and Tax Effects 125
H-CERT-01 Summary of Statement H Certification Adjustments 130 H-CERT-02 Revenue Reconciliation 132 H-CERT-03 Annualization of Fuel and Purchase Power Expense 134 H-CERT-04 Adjusted Cash Working Capital 136 H-CERT-05 Adjusted Mill Tax 139 H-CERT-06 Interest Synchronization 141 H-CERT-07 Uncollectible Accounts Expense 143 H-CERT-08 Taxes Other Than Income 145 H-CERT-09 Income Tax - Annualized Items from Schedule M-1 156
H-CERT-10 Deferred Income Tax Annualization H-CERT-11 Income Tax Certified Rate Base Adjustments
H-CERT-12 Annualization of Plant Depreciation & Amortization Expense 214 H-CERT-12A Annualization of Plant Depreciation & Amortization Expense Depreciation Study 232
Page 3 of 248
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Statement A Work Papers
Page 4 of 248
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SIERRA PACIFIC POWER COMPANY STATEMENT A d/b/a NV Energy PAGE 1 OF 2
BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017
(IN THOUSANDS)
(a) (b) (c) Ln As Recorded As Recorded Ln No Assets and Other Debits December 31, 2018 December 31, 2017 No
1 Utility Plant A.3 A.5 1 2 Utility Plant (101-106,114,118) $ 4,472,019 $ 4,260,321 2 3 Construction Work in Progress (107) 90,309 132,487 3 4 Total Utility Plant 4,562,328 4,392,808 4 5 5 6 Less: Accumulated Prov for Depr and Amort (108, 111, 115, 119) (1,789,052) (1,710,976) 6 7 Net Utility Plant 2,773,276 2,681,832 7 8 8 9 Utility Plant Adjustment (116) (141) (141) 9 10 10 11 Other Investments (121-128) 15,240 15,098 11 12 13 Current and Accrued Assets 14 Cash and Cash Equivalents (131-136) 77,497 15 Notes and Accounts Receivable (Less Accumulated Provision 16 for Uncollectible Accounts) (141-146, 171-173) 108,854 17 Materials, Supplies and Fuel (151, 154, 163, 164) 52,096 18 Prepayments (165) 11,117 19 MTM Asset Value (175.7) 2,337
12 13
9,734 14 15
112,029 16 48,573 17 6,239 18
56 19 20 Total Current and Accrued Assets 251,901 176,631 20 21 22 Deferred Debits 23 Unamortized Debt Expense (181) 8,506 24 Deferred Energy Electric (182.3) 794 25 Deferred Energy Gas (191) 1,220 26 Other Regulatory Assets (182) 158,052 27 Preliminary Survey (183) 18 28 Clearing Accounts (184) 339 29 Miscellaneous Deferred Debits (186) 146,714 30 Unamortized Loss on Reacquired Debt (189) 18,956 31 Accumulated Deferred Income Taxes (190) 332,136
21 22
9,556 23 9,166 24
(7,560) 25 180,110 26
18 27 235 28
123,408 29 20,695 30
344,911 31 32 Total Deferred Debits 666,735 680,539 32 33 33 34 Total Assets and Other Debits $ 3,707,011 $ 3,553,959 34
Page 5 of 248
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SIERRA PACIFIC POWER COMPANY STATEMENT A d/b/a NV Energy PAGE 2 OF 2
BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017
(IN THOUSANDS)
(a) (b) (c) Ln As Recorded As Recorded Ln No Capitalization and Liabilities December 31, 2018 December 31, 2017 No
1 Capitalization A.3 A.5 1 2 Common Shareholders Equity (201, 207, 211, 214, 215-216) $ 1,264,218 $ 1,172,598 2 3 Long Term Debt (221, 224-226) 1,127,633 1,128,529 3 4 Accumulated Other Comprehensive Income (219) (348) (705) 4 5 Total Capitalization 2,391,503 2,300,422 5 6 7 Other Non-Current Liabilities 8 Capital Leases (227) 35,728 9 Accrued Retirement Benefits (228.3) 47,176 10 MTM Liability Value Deferred (244.7) 341 11 Asset Retirement Obligations (230) 10,245 12 Other (228.2,229) 3,482 13 Total Other Non-Current Liabilities 96,972 84,166 13 14 15 Current and Accrued Liabilities 16 Capital Leases (243) 2,558 17 Accounts Payable (232-234, 241) 125,828 18 Customer Deposits (235) 18,263 19 Accrued Taxes (236) 7,685 20 Accrued Interest (237) 13,549 21 MTM Liability Value - current (244.75) 396 22 Other Current and Accrued Liabilities (242) 10,718
14 15
1,769 16 100,423 17
15,378 18 2,710 19
13,771 20 286 21
10,147 22 23 Total Current and Accrued Liabilities 178,997 144,484 23 24 25 Deferred Credits 26 Accumulated Deferred Federal Income Taxes (282-283) 663,728 27 Accumulated Deferred Investment Tax Credits (255) 2,406 28 Regulatory Liabilities (254) 302,172 29 Deferred energy-electric (254.3) -30 Risk Management Regulatory Liabilities (254) 2,337 31 Customer Advances for Construction (252) 27,568 32 Other Deferred Credits (253, 257) 41,328
6 7
32,105 8 38,739 9
111 10 10,067 11
3,144 12
24 25
674,728 26 3,295 27
287,254 28 - 29 56 30
23,743 31 35,811 32
33 Total Deferred Credits 1,039,539 1,024,887 33 34 34 35 Total Capitalization and Liabilities $ 3,707,011 $ 3,553,959 35
Page 6 of 248
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Sierra Pacific Power Company
DEAA Balance Sheet Summary
As of December 31, 2018
To Stmt A
Asset Lines A.4 Sum of: A.1 Assets
1
Utility Plant a 4,472,019,235 2
CWIP b 90,308,657 3
n/a 4
n/a 5
Accum Depr & Amort c (1,789,052,148) 6
n/a 7
n/a 8
PHFU -Orther Plant s (141,048) 9
10
Other Invest d 15,240,442 11
n/a 12
n/a 13
Cash & cash equiv e 77,496,506 14
Notes & A/R less resrv n/a 15
less prov for uncoll f 108,854,241 16
Materials, Supples % Fuel g 52,095,739 17
Prepayments h 11,119,299 18
MTM Asset Val Def i 2,336,707 19
n/a 20
n/a 21
n/a 22
Unamort Debt Exp j 8,505,504 23
Def Energy Elec q 793,773 24
Def Energy Gas r 1,219,596 25
Other Reg Assets k 158,051,905 26
Prelim Survey and Inv. Chrgs l 18,400 27
Clearing accts m 339,406 28
Misc. deferred debits n 146,713,525 29
Unamort Loss on Reacq. Debt p 18,955,771 30
Accum Def FIT o 332,135,616 31
n/a 32
n/a 33
3,707,011,126 34
Add: Assets in Liab
Less: Liab in Assets (8,248,997)
3,698,762,129
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To Stmt A
Liability Lines A.4 Sum of: A.2 Liab
1
Com Shhldr Equity aa 1,264,217,825 2
Pref Stk Issued -
Lg Term Debt bb 1,127,632,816 3
Comp Other Inc cc (348,039) 4
n/a 5
n/a 6
n/a 7
Captial Leases dd 35,727,978 8
Acc'd Ret Ben qq 47,175,826 9
MTM Liab Value mm 341,140 10
AROs ll 10,245,284 11
Other ee 3,481,925 12
n/a 13
n/a 14
Short Term Borrow n/a 15
Captial Leases ff 2,558,424 16
A/P gg 125,828,006 17
Cust Dep hh 18,263,006 18
Acc'd Taxes ii 7,684,709 19
Acc'd Int jj 13,549,207 20
Div Declared kk -
MTM Liab Value - curr tt 395,920 21
Oth Curr Acc'd Liab ww 10,717,606 22
n/a 23
n/a 24
n/a 25
Accum Def FIT nn 663,727,925 26
Accum Def ITC oo 2,406,104 27
Reg Liab pp 302,172,004 28
Deferred Energy - Electric vv - 29
Deferred Energy - Gas xx - 30
Risk Mgmt Reg Liab uu 2,336,707
Cust Adv for Const rr 27,568,459 31
Oth Def Credits ss 41,328,296 32
n/a 33
n/a 34
n/a
3,707,011,126 35
Less: Asset in Liab
Less: Liab in Assets (8,248,997)
3,698,762,129
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Page 7 of 248
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SierraPacificPwr dba NV Energy Run Time: 01/16/19 2:16 PM Balance Sheet Layout Name: BALSHEETDETAIL
As of December 31, 2018 Report Request: BS Scope: SPPCO
ASSETS & OTHER DEBITS
December 2018
November 2018
101 102 103 105 107 114 118
Utility plant Plant in service Plant purchased Experimental plan in service Plant held for future use Construction work in progress Electric plant acquisition adjustment Other plant common
Total plant
$ 4,148,737,703 --
4,084,393 90,308,657
-319,197,140 413,590,189
a
a
a
a
b
a
a
$ 4,128,375,825 --
4,084,393 99,634,384
-309,695,792 413,414,568
108/111 115 119
Accumulated provision for depreciation & amortization Accumulated provision for amortization of electric plant adjustment Accumulated provision for depreciation - common
Total accumulated provision for depreciation & amortization
(1,637,113,295) -
(151,938,853) (1,789,052,148)
c
c
c
(1,632,249,642) -
(152,555,024) (1,784,804,666)
Utility plant - net 2,773,275,744 2,756,985,728
116 Utility plant adjustments (141,048) s (141,048)
121 122
123.1 124 128
Other property and investments Nonutility property Accumulated provision for depreciation non-util Investment in subsidiaries Other investments Other special funds
Total other property and investments
7,065,492 (2,128,621)
-5,544,391 4,759,180
15,240,442
d
d
d
d
d
7,065,492 (2,121,807)
-6,270,022
11,016,777 22,230,485
131 132/134
135 136
Cash Cash local Special deposits Working funds Temporary cash investments
Total cash
1,194,623 6,009,629
-70,292,254 77,496,506
e
e
e
e
1,694,078 6,009,629
-78,110,684 85,814,391
141 142 173 143
Receivables Notes receivable Customer accounts receivable Unbilled receivables Other accounts receivable
Total receivables
-42,690,378 56,758,682 10,405,419
109,854,478
f
f
f
f
-31,196,951 57,324,788
8,516,509 97,038,248
144 146 171
Accumulated provision for uncollectible Accounts receivable associated co. Interest & dividends income receivable
Total receivables - net
(1,686,632) 686,395
-108,854,241
f
f
f
(1,749,964) 848,357
-96,136,642
151 154 163 164 164
Inventory Fuel stock Plant materials and operating supplies Store exp undistributed Natural gas storage Liquid natural gas stored
Total inventory
7,101,794 43,988,491
207,447 -
798,008 52,095,739
g
g
g
g
g
10,599,581 43,188,644
210,429 -
809,105 54,807,759
165 165.5
174
Current & accrued assets Prepayments Prepaid Equity Issuance-PIES Miscellaneous current & accrued assets
11,119,299 --
h
h
10,889,007 --
Total current and accrued assets 11,119,299 10,889,007
175.7 180 181
182/186 183 184 182 191
182.32 186 189 190
Deferred debits MTM Asset Value Deferred Goodwill Unamortized debt issuance expense Other regulatory assets Preliminary survey Clearing account Deferred energy-electric Deferred energy-gas Risk management regulatory assets Misc deferred debits Unamortized loss on reacquired debt Accum deferred income taxes
Total deferred debits
2,336,707 -
8,505,504 303,013,533
18,400 339,406 793,773
1,219,596 737,060
(7,234,160) 18,955,771
332,135,616 660,821,206
i
j
>>
l
m
q
r
k
n
p
o
1,919,128 -
8,603,872 279,611,921
18,400 317,643
-(6,835,453) 1,743,862
(7,667,307) 19,100,667
329,053,044 625,865,778
Other RA
182.3 157,314,845
186 145,698,688
Ref. 303,013,533
Job orders OSA
186 8,248,997
232 (8,248,997)
Ref. -
TOTAL ASSETS AND OTHER DEBITS $ 3,698,762,129 $ 3,652,588,741
k
n
n
gg
Page 8 of 248
A.4
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LIABILITIES & OTHER CREDITS
Proprietary capital 201 Common stock issued & outstanding 217 Treasury stock
Total common stock
Preferred stock and securities 204 Preferred Stock 223 Redeemable preferred stock
Total preferred stock and securities
207 Premium on capital stock 210 Gain on reacq preferred stock 211 Misc paid-in capital 214 Capital stock expense
Total additional paid in capital
215 Appropriated retained earnings 216 Unappropriated retained earnings
Total retained earnings
219 Accumulated Other Comprehensive Income
Total proprietary capital
Long term debt 221 First mortgage bonds
224.5 Premium Inc Equity Securities 224 Other long term debt 225 Unamortized premium on LT debt 226 Unamortized discount on LT debt
Total long term debt
Other non-current liabilities 227 Capital leases
228.2 Injuries & damages 228.3 Pension liability
229 Provision for rate refund 228xxx Other non-current liabilities
230 ARO Liability Total other non-current liab.
Current Liabilities: 231 Notes payable 232 Accounts payable trade 232 Accounts payable other 234 Accounts payable assoc co 235 Customer deposits 236 Taxes accrued 237 Interest accrued 238 Dividend declared 241 Tax collect pay
232.5/242.5 Accrued salaries & wages 244.75 MTM Liability value deferred - current
242 Misc current and accrued 224/239/243 Current maturities
Total current liabilities
Deferred Credits: 244.7 MTM Liability Value Deferred
252 Customer advances for construction 253 Other deferred credits 254 Regulatory tax liabilities
254.8 Risk management regulatory liability 254/256 Regulatory liabilities
254.3 Deferred energy-electric 255 Deferred ITC and JDIC
254/256 Other regulatory liabilities 257 Unamortized gain on reacq debt
Total deferred credits
Accumulated income taxes 282 Deferred income tax - other property 283 Deferred income tax - deferred fuel 283 Deferred income tax - other
Total deferred income taxes
TOTAL LIABILITIES AND OTHER CREDITS
SierraPacificPwr dba NV Energy Balance Sheet
As of December 31, 2018
December 2018
$ 3,750 -
3,750
---
190,491,023 -
920,771,103 -
1,111,262,126
6,942,000 146,009,949 152,951,949
(348,039)
1,263,869,785
218,930,000 -
901,742,000 7,990,440
(1,029,624) 1,127,632,816
35,727,978 3,264,794
40,378,162 217,131
6,797,664 10,113,701 96,499,430
-76,747,909
4,301,622 26,732,614 18,263,006
5,572,004 13,549,207
-8,213,008 9,883,629
395,920 2,549,416 2,558,424
168,766,759
341,140 27,568,459 44,302,214
248,951,473 2,336,707
53,220,530 -
2,406,104 -
138,029 379,264,656
607,458,364 422,807
54,847,512 662,728,683
$ 3,698,762,129
Run Time: 01/16/19 2:16 PM Layout Name: BALSHEETDETAIL
Report Request: BS Scope: SPPCO
November 2018
aa $ 3,750 -
3,750
---
aa 190,491,023 -
aa 920,771,103 aa -
1,111,262,126
aa 6,942,000 aa 139,097,544
146,039,544
cc (628,152)
1,256,677,268
bb 218,930,000 bb -bb 901,742,000 bb 8,078,172 bb (1,042,652)
1,127,707,519
dd 34,152,650 ee 3,288,373 qq 22,590,781 ee 1,503,070 qq 7,052,856 ll 10,358,918
78,946,647
-gg 58,618,556 gg 6,472,658 gg 22,994,302 hh 17,842,380 ii 3,261,980 jj 10,329,097
Accrued Salaries & Wages
ARO reclass
kk -gg 5,618,149 232 1,583,856 >> 16,840,989 242 8,299,773 tt 669,180 Ref. 9,883,629 >> 2,659,548 ff 2,074,178
147,381,017 230 131,583
242 2,417,833
mm 1,074,682 Ref. 2,549,416 rr 27,376,034 ss 42,248,081 pp 252,237,440 uu 1,919,128 pp 48,567,228 vv 5,823,135 oo 2,510,503
-ss 138,713
381,894,943
nn 611,604,495 nn (2,658,304) FIN 48 OSA nn 51,035,156 282 999,242
659,981,347 253 (3,111,947) 236 2,112,705
Ref. -
$ 3,652,588,741
gg
ww
ww
nn
ss
ii
A.4
Page 9 of 248
ll
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Sierra Pacific Power Company
DEAA Balance Sheet Summary
As of December 31, 2017
To EXHIBIT
Asset Lines A.4 Sum of: A.1 C
1
Utility Plant a 4,260,321,879 2
CWIP b 132,487,319 3
n/a 4
n/a 5
Accum Depr & Amort c (1,710,976,467) 6
n/a 7
n/a 8
PHFU -Orther Plant s (141,000) 9
10
Other Invest d 15,097,879 11
n/a 12
n/a 13
Cash & cash equiv e 9,733,639 14
Notes & A/R less resrv n/a 15
less prov for uncoll f 112,029,020 16
Materials, Supples % Fuel g 48,572,976 17
Prepayments h 6,238,597 18
MTM Asset Val Def i 55,636 19
n/a 20
n/a 21
n/a 22
Unamort Debt Exp j 9,555,702 23
Def Energy Elec q 9,165,654 24
Def Energy Gas r (7,559,814) 25
Other Reg Assets k 180,109,670 26
Prelim Survey and Inv. Chrgs l 18,400 27
Clearing accts m 235,201 28
Misc. deferred debits n 123,408,908 29
Unamort Loss on Reacq. Debt p 20,694,523 30
Accum Def FIT o 344,910,636 31
n/a 32
n/a 33
3,553,958,357 34
Add: Assets in Liab
Less: Liab in Assets (3,564,331)
3,550,394,026
0
To EXHIBIT
Liability Lines A.4 Sum of: A.2 C
1
Com Shhldr Equity aa 1,172,597,770 2
Pref Stk Issued -
Lg Term Debt bb 1,128,529,258 3
Comp Other Inc cc (704,685) 4
n/a 5
n/a 6
n/a 7
Captial Leases dd 32,105,446 8
Acc'd Ret Ben qq 38,738,757 9
MTM Liab Value mm 111,339 10
AROs ll 10,066,740 11
Other ee 3,143,590 12
n/a 13
n/a 14
Short Term Borrow n/a 15
Captial Leases ff 1,769,067 16
A/P gg 100,423,045 17
Cust Dep hh 15,378,422 18
Acc'd Taxes ii 2,710,029 19
Acc'd Int jj 13,771,069 20
Div Declared kk -
MTM Liab Value - curr tt 286,129 21
Oth Curr Acc'd Liab ww 10,147,194 22
n/a 23
n/a 24
n/a 25
Accum Def FIT nn 674,728,157 26
Accum Def ITC oo 3,294,687 27
Reg Liab pp 287,254,053 28
Deferred Energy - Electric vv - 29
Deferred Energy - Gas xx -
Risk Mgmt Reg Liab uu 55,636 30
Cust Adv for Const rr 23,743,133 31
Oth Def Credits ss 35,809,520 32
n/a 33
n/a 34
n/a
3,553,958,357 35
Less: Asset in Liab
Less: Liab in Assets (3,564,331)
3,550,394,026
0
Page 10 of 248
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SierraPacificPwr dba NV Energy Run Time: 01/17/18 7:52 PM Balance Sheet Layout Name: BALSHEETDETAIL
As of December 31, 2017 Report Request: BS Scope: SPPCO
December November 2017 2017
ASSETS & OTHER DEBITS
Utility plant 101 Plant in service 3,964,540,077 $ a 3,957,929,828 $ 102 Plant purchased - a -103 Experimental plan in service - a -105 Plant held for future use 4,084,345 a 4,084,393 107 Construction work in progress 132,487,319 b 126,225,324 114 Electric plant acquisition adjustment - a -118 Other plant common 291,697,456 a 288,430,686 116 Use other plant Adj PHFU (141,000) s
Total plant 4,392,668,197 4,376,670,230
108/111 Accumulated provision for depreciation & amortization (1,567,872,812) c (1,563,985,535) 115 Accumulated provision for amortization of electric plant adjustment - c -119 Accumulated provision for depreciation - common (143,103,655) c (143,493,517)
Total accumulated provision for depreciation & amortization (1,710,976,467) (1,707,479,052)
Utility plant - net 2,681,691,730 2,669,191,178
Other property and investments 121 Nonutility property 6,941,532 d 7,300,664 122 Accumulated provision for depreciation non-util (2,173,747) d (2,192,359)
123.1 Investment in subsidiaries - d -124 Other investments 6,029,304 d 5,840,985 128 Other special funds 4,300,790 d 3,964,921
Total other property and investments 15,097,879 14,914,211
Cash 131 Cash local 2,642,273 e 4,117,258
132/134 Special deposits 6,038,287 e 6,038,287 135 Working funds - e -136 Temporary cash investments 1,053,079 e 32,219,922
Total cash 9,733,639 42,375,467
Receivables 141 Notes receivable - f -142 Customer accounts receivable 41,775,296 f 30,792,508 173 Unbilled receivables 61,644,223 f 55,413,428 143 Other accounts receivable 10,002,218 f 11,542,242
Total receivables 113,421,736 97,748,178
144 Accumulated provision for uncollectible (1,638,258) f (1,583,829) 146 Accounts receivable associated co. 245,542 f 1,359,911 171 Interest & dividends income receivable - f -
Total receivables - net 112,029,020 97,524,260
Inventory 151 Fuel stock 5,566,443 g 5,526,641 154 Plant materials and operating supplies 41,918,829 g 41,278,626 163 Store exp undistributed 228,449 g 136,763 164 Natural gas storage - g -164 Liquid natural gas stored 859,255 g 873,196
Total inventory 48,572,976 47,815,225
Current & accrued assets - -
165 Prepayments 6,238,597 h 7,346,088 174 Miscellaneous current & accrued assets - -
Total current and accrued assets 6,238,597 7,346,088
Deferred debits 175.7/186.7 MTM Asset Value Deferred 55,636 i 75,011
180 Goodwill - -181 Unamortized debt issuance expense 9,555,702 j 9,652,227
182/186 Other regulatory assets 302,717,002 >> 403,340,849 183 Preliminary survey 18,400 l 18,400 182.3 179,712,202 184 Clearing account 235,201 m 956,989 186 123,004,800 182 Deferred energy-electric 9,165,654 q 7,632,030 Ref. 302,717,002 191 Deferred energy-gas (7,559,814) r (8,622,766)
182.32 Risk management regulatory assets 397,468 k 421,457 186 Misc deferred debits (2,971,497) n (2,856,959) 189 Unamortized loss on reacquired debt 20,694,523 p 20,839,419 190 Accum deferred income taxes 344,721,910 o 84,669,982
Total deferred debits 677,030,185 516,126,639 186 3,375,605 232 (3,375,605)
TOTAL ASSETS AND OTHER DEBITS 3,550,394,026 $ 3,395,293,068 $ Ref. -
Other RA
Job orders OSA
k
n
n
gg
Page 11 of 248
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LIABILITIES & OTHER CREDITS
Proprietary capital 201 Common stock issued & outstanding 217 Treasury stock
Total common stock
Preferred stock and securities 204 Ser A 80500 $50 $2.44 204 Ser B 82000 $50 $2.36 204 Ser C 299800 $50 $3.90 204 Ser G 408000 $50 $1.95 204 Class A Ser1 $25 $1.95 223 Redeemable preferred stock
Total preferred stock and securities
207 Premium on capital stock 210 Gain on reacq preferred stock 211 Misc paid-in capital 214 Capital stock expense
Total additional paid in capital
215 Appropriated retained earnings 216 Unappropriated retained earnings
Total retained earnings
219 Accumulated Other Comprehensive Income
Total proprietary capital
Long term debt 221 First mortgage bonds
224.5 Premium Inc Equity Securities 224 Other long term debt 225 Unamortized premium on LT debt 226 Unamortized discount on LT debt
Total long term debt
Other non-current liabilities 227 Capital leases
2282xx Injuries & damages 228305 Pension liability
229 Provision for rate refund 228xxx Other non-current liabilities
230 ARO Liability Total other non-current liab.
Current Liabilities: 231 Notes payable 232 Accounts payable trade 232 Accounts payable other 234 Accounts payable assoc co 235 Customer deposits 236 Taxes accrued 237 Interest accrued 238 Dividend declared 241 Tax collect pay
232.5/242.5 Accrued salaries & wages 244.75/253.75 MTM Liability value deferred - current
242, 230.1 Misc current and accrued 239/243 Current maturities
Total current liabilities
Deferred Credits: 244-7/253.7 MTM Liability Value Deferred
252 Customer advances for construction 253 Other deferred credits 254 Regulatory tax liabilities
254.8 Risk management regulatory liability 254/256 Regulatory liabilities
254.2 Deferred energy-electric 255 Deferred ITC and JDIC
254/256 Other regulatory liabilities 257 Unamortized gain on reacq debt
Total deferred credits
Accumulated income taxes 282 Deferred income tax - other property 283 Deferred income tax - deferred fuel 283 Deferred income tax - other
Total deferred income taxes
TOTAL LIABILITIES AND OTHER CREDITS
SierraPacificPwr dba NV Energy Balance Sheet
As of December 31, 2017
December 2017
$ 3,750 -
3,750
-------
190,491,023 -
920,771,103 -
1,111,262,126
6,942,000 54,389,894 61,331,894
(704,685)
1,171,893,085
218,930,000 -
901,742,000 9,043,224
(1,185,966) 1,128,529,258
32,105,446 3,147,366
31,457,417 (3,776)
7,281,340 9,941,440
83,929,233
-53,229,114
3,221,711 31,522,931 15,378,422
2,710,029 13,771,069
-8,022,184 8,868,231
286,129 2,455,763 1,769,067
141,234,650
111,339 23,743,133 35,663,283
258,188,310 55,636
29,065,743 -
3,294,687 -
146,237 350,268,368
613,067,830 337,226
61,134,375 674,539,431
$ 3,550,394,026
Run Time: 01/17/18 7:52 PM Layout Name: BALSHEETDETAIL
Report Request: BS Scope: SPPCO
November 2017
aa $ 3,750 -
3,750
-------
aa 190,491,023 -
aa 920,771,103 aa -
1,111,262,126
aa 6,942,000 aa 71,803,977
78,745,977
cc (634,179)
1,189,377,674
bb 218,930,000 bb -bb 901,742,000 bb 9,130,956 bb (1,198,995)
1,128,603,962
dd 31,400,845 ee 3,219,979 qq 47,304,157 ee 618,070 qq 6,921,898 ll 10,183,617
99,648,567
-gg 48,998,271 gg 2,638,112 gg 24,883,168 hh 15,504,327 ii 3,577,729 jj 10,509,197 kk -gg 10,100,918
Accrued Salaries & Wages >> 12,443,214 tt 293,909 232 1,051,500 >> 2,570,914 242 7,816,731 ff 1,450,234 Ref. 8,868,231
132,969,993
ARO Recalss
mm 127,549 230 125,300 rr 23,429,279 242 2,330,463 ss 37,769,909 Ref. 2,455,763 pp 5,704,795 uu 75,010 pp 20,350,079 vv -oo 3,388,459
-ss 146,921
90,992,000
nn 639,011,940 nn (346,758)
FIN 48 OSA nn 115,035,691
753,700,873 190 (188,726) 282 188,726
$ 3,395,293,068 Ref. -
gg
ww
ww
nn
o
Page 12 of 248
ll
A.6
https://244.75/253.75
-
Statement B Work Papers
Page 13 of 248
-
SIERRA PACIFIC POWER COMPANY STATEMENT B INCOME STATEMENT PAGE 1 OF 1
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2018 HAUSMAN (IN THOUSANDS)
(a) (b) (c) (d) (e) Line Electric Gas Line No Description Total No
1 Utility Operating Income B.4 B.5 B.2 1 2 Operating Revenue (400) $ 787,744 $ 108,008 $ 895,752 2 3 3 4 Operating Expenses 4 5 Operation Expense (401) 464,493 68,298 532,791 5 6 Maintenance Expense (402) 28,996 2,094 31,090 6 7 Depreciation and Amortization Exp (403-407) 106,857 14,662 121,519 7 8 Taxes Other Than Income Taxes (408) 25,116 2,454 27,570 8 9 Income Taxes - Federal (409.1) 20,924 669 21,593 9 10 Provision for Deferred Income Taxes (410.1, 411.1) 6,474 3,058 9,532 10 11 Investment Tax Credit Adjustment - Net (411.4) (811) (44) (855) 11 12 Total Utility Operating Expense 652,049 91,191 743,240 12 13 13 14 Net Utility Operating Income $ 135,695 $ 16,817 $ 152,512 14 15 15 16 Other Income and Deductions 16 17 Other Income B.2 17 18 Non-Utility Operating Income (417) $ 1,517 18 19 Interest and Dividend Income (419) 2,454 19 20 Allowance for Other Funds Used During 20 21 Construction (419.1) 3,635 21 22 Miscellaneous Non-operating Income (421) 326 22 23 Total Other Income 7,932 23 24 24 25 Other Income Deductions 25 26 Miscellaneous Income Deductions (426) 26,530 26 27 Total Other Income Deductions 26,530 27 28 28 29 Taxes Applicable to Other Income and Deductions 29 30 Taxes - Other than Income Taxes (408.2) 170 30 31 Income Taxes - Federal/State (409.2) 129 31 32 Investment Tax Credit Adjustment (411.5) (33) 32 33 Total Taxes on Other Income and Deductions 266 33 34 34 35 Total Other Income and Deductions $ (18,864) 35 36 36 37 Interest Charges 37 38 Interest on Long-Term debt (427) 39,962 38 39 Amortization of Debt Discount and Expense (428) 1,324 39 40 Amortization of Loss/Gain on Reacquired Debt (428.1, 429.1) 1,731 40 41 Amortization of Premium on Debt - Credit (429) (1,053) 41 42 Other Interest Expense (431) 1,574 42 43 43 44 Total Interest Charges 43,538 44 45 45 46 Allowance for Borrowed Funds Used During 46 47 Construction - Credit (432) (1,510) 47 48 48 49 Net Interest Charges $ 42,028 49 50 50 51 Net Income $ 91,620 51 52 52 53 Preferred Stock Dividend Requirements - 53 54 54 55 55 56 Available for Common $ 91,620 56
Page 14 of 248
B.1
-
Sierra Pacific Power Company
Net Income Summary for DEAA Filing
As of December 31, 2018
Stmt B
SPPC I.S., Page 1 Line #
n/a 1
Operating Rev B.2 a 895,752,190 895,752,190 2 B.1
n/a 3
n/a 4
Operating Exp b 532,792,317 5
Maintenance Exp c 31,090,923 6
Depr & Amort Exp d 121,518,999 7
Taxes on Oth than Inc Tax e 27,570,087 8
Income Tax - Fed (409.1) f 21,593,002 9
Prov for Def Inc Taxes g 9,531,816 10
Invest. Tax Credit Adj - Net h (855,472) 11
Gain on Disposa; of SO2 Allow - 743,241,670 12
n/a 13
n/a 152,510,519 14
n/a 15
n/a 16
Other Inc - 17
Non-Utility Operating Inc i 1,516,697 18
Int & Dividend Inc j 2,454,413 19
n/a 20
AFUDC k 3,635,003 21
Misc Non-operating Inc l 325,279 22
n/a 7,931,392 23
n/a 24
n/a 25
Misc Inc Deductions m 26,529,824 26
n/a 26,529,824 27
n/a 28
n/a 29
Tax - Oth than Inc Tax (408.1) n 170,169 30
Income Tax - Fed (409.2) o 128,653 31
Prov for Def Inc Taxes p -
ITC Write Off on Disposal of Assets q (33,111) 32
n/a 265,710 33
n/a 34
n/a (18,864,142) 35
n/a 36
n/a 37
Int on Lg term Debt r 39,961,949 38
Amort of Debt Disc & Exp s 1,323,733 39
Amort of Loss of Reacq'd Debt t 1,730,543 40
Amort of Perm on Debt Credit u (1,052,785) 41
Req'ts for Trust Pref'd Securities -
Other Interest Exp v 1,573,844 42
n/a 43
n/a 43,537,284 44
n/a 45
n/a 46
AFUDC - Credit w (1,510,962) (1,510,962) 47
Perf Stock Divid Requirement - 48
n/a 42,026,322 49
n/a 50
n/a 91,620,054 51
-
Sum of:
B.2
Page 15 of 248
-
Sie
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S
Curr
ent
Yea
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Fav
/(U
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Over
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t Y
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% C
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40
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atin
g R
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ue
76
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8,3
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79
,44
0,3
33
(2,6
31
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1)
(3.3
%)
89
5,7
52
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0
82
5,7
43
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7
70
,00
8,7
03
8.5
%8
95
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2,1
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70
,00
8,7
03
8.5
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Op
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ing E
xp
ense
s
40
1F
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34
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9,2
22
34
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0,4
21
41
1,1
99
1.2
%3
79
,27
8,3
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31
2,8
71
,81
6
(66
,40
6,5
76
)
(21
.2%
)3
79
,27
8,3
92
66
,40
6,5
76
21
.2%
b
40
1N
on-F
uel
11
,68
2,3
52
16
,39
4,3
35
4,7
11
,98
4
28
.7%
15
3,5
13
,92
5
13
6,8
90
,89
0
(16
,62
3,0
35
)
(12
.1%
)1
53
,51
3,9
25
16
,62
3,0
35
12
.1%
b
40
2M
ainte
nan
ce4
,70
2,3
36
1,9
45
,41
4
(2,7
56
,92
1)
(14
1.7
%)
31
,09
0,9
23
27
,19
8,1
24
(3,8
92
,79
9)
(14
.3%
)3
1,0
90
,92
3
3,8
92
,79
9
14
.3%
c
40
3D
epre
ciat
ion
9,4
94
,37
4
9,1
85
,53
3
( 30
8,8
42
)
( 3.4
%)
11
2,5
76
,38
8
10
7,9
27
,15
0
( 4,6
49
,23
9)
( 4.3
%)
11
2,5
76
,38
8
4,6
49
,23
9
4.3
%d
40
4A
mort
izat
ion
1,1
17
,71
9
89
8,3
38
(21
9,3
80
)
(24
.4%
)1
2,5
42
,99
5
10
,32
9,7
79
(2,2
13
,21
6)
(21
.4%
)1
2,5
42
,99
5
2,2
13
,21
6
21
.4%
d
40
7-0
03
Reg
ula
tory
Deb
its
71
4,2
55
67
4,0
60
(40
,19
5)
(6.0
%)
9,7
03
,89
8
9,8
68
,79
8
16
4,8
99
1.7
%9
,70
3,8
98
(16
4,8
99
)
-1.7
%d
40
7-0
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Reg
ula
tory
Cre
dit
s(1
,03
8,2
33
)
(97
1,1
62
)
67
,07
1
6.9
%(1
3,3
04
,28
3)
(11
,64
6,6
16
)
1,6
57
,66
6
14
.2%
(13
,30
4,2
83
)
(1,6
57
,66
6)
-14
.2%
d
40
8T
a xes
Oth
er T
han
Inco
me
2,2
07
,07
7
2,2
75
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3
68
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6
3.0
%2
7,5
70
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7
28
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1,9
63
86
1,8
76
3.0
%2
7,5
70
,08
7
( 86
1,8
76
)
- 3.0
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40
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3,5
05
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2
79
9,3
61
(2,7
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(33
8.6
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27
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0,6
76
86
4,6
89
(26
,61
5,9
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)
(30
78
.1%
)2
7,4
80
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6
26
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5,9
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30
78
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1
41
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ion F
or
Def
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me
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(66
9,4
78
)
1,8
61
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7
2,5
31
,40
5
13
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8,4
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55
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5,2
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48
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6,7
28
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7,3
88
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4
(48
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6,7
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)
-86
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2
41
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mort
Of
ITC
& J
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(71
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8)
(77
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(5,8
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(7.6
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(85
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(92
5,5
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)
(70
,03
2)
(7.6
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(85
5,4
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)
70
,03
2
7.6
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41
1-1
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-
-
-
**
-
-
-
**
-
-
**
41
1-8
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Gai
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-
-
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-
-
-
**
-
-
**
Tota
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6,2
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67
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6,3
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1,7
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2.6
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46
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6,0
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67
7,4
96
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(69
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9,7
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)
(10
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46
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6,0
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69
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9,7
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10
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Net
Op
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10
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11
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(87
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(7.7
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14
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41
5 &
41
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i
41
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17
85
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1,5
16
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3
(91
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2)
1,6
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51
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1,5
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6
17
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i
41
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41
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i
41
9-0
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from
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-
-
**
-
-
-
**
-
-
**
j
41
9In
tere
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33
7,7
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14
4,8
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19
2,9
50
13
3.2
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4,4
13
2,2
31
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0
22
3,3
13
10
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2,4
54
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3
22
3,3
13
10
.0%
j
41
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AF
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ther
28
8,5
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34
6,0
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(57
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(16
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)3
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5,0
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3,5
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7
45
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6
1.3
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45
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1.3
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42
1M
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per
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g I
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4,3
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49
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(44
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(91
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25
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9
88
4,4
32
(55
9,1
53
)
(63
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)3
25
,27
9
(55
9,1
53
)
-63
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l
T
ota
l O
ther
Inco
me
75
8,9
20
53
2,5
13
22
6,4
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42
.5%
7,9
31
,39
2
6,6
12
,80
0
1,3
18
,59
2
19
.9%
7,9
31
,39
2
1,3
18
,59
2
19
.9%
42
6M
isc
Inco
me
Ded
uct
ions
1,0
05
,85
9
1,3
49
,45
6
34
3,5
98
25
.5%
26
,52
9,8
24
4,1
60
,14
3
(22
,36
9,6
81
)
(53
7.7
%)
26
,52
9,8
24
22
,36
9,6
81
53
7.7
%m
Tax
es A
pp
lic
Oth
er I
nco
me/
Ded
40
8-1
60
Tax
es O
ther
Than
Inco
me
(Non O
p)
11
,83
7
13
,25
4
1,4
17
10
.7%
17
0,1
69
16
8,0
08
(2,1
61
)
(1.3
%)
17
0,1
69
2,1
61
1.3
%n
40
9-0
02
Inco
me
Tax
Oth
er I
nco
me/
Ded
(54
,34
3)
(36
7,3
61
)
(31
3,0
18
)
(85
.2%
)(3
,61
5,6
79
)
(95
,32
8)
3,5
20
,35
1
36
92
.9%
(3,6
15
,67
9)
(3,5
20
,35
1)
-36
92
.9%
3
41
0P
rov F
or
Def
Inco
me
Tax
-
-
-
**
-
-
-
**
-
-
**
p
41
1-5
98
ITC
Wri
te O
ff o
n D
isp
ose
d A
sset
s(3
3,1
11
)
(16
,64
8)
16
,46
3
98
.9%
(33
,11
1)
(16
,64
8)
16
,46
3
98
.9%
(33
,11
1)
(16
,46
3)
-98
.9%
qT
ota
l T
axes
Oth
er I
nc/
Ded
(75
,61
7)
(37
0,7
55
)
(29
5,1
38
)
(79
.6%
)(3
,47
8,6
22
)
56
,03
2
3,5
34
,65
4
63
08
.3%
(3,4
78
,62
2)
(3,5
34
,65
4)
-63
08
.3%
Oth
er I
nco
me
Net
( 17
1,3
21
)
( 44
6,1
88
)
27
4,8
66
61
.6%
( 15
,11
9,8
10
)
2,3
96
,62
5
( 17
,51
6,4
35
)
( 73
0.9
%)
( 15
,11
9,8
10
)
( 17
,51
6,4
35
)
- 73
0.9
%
Inco
me
Bef
ore
Inte
rest
Char
ges
10
,41
3,0
31
11
,01
7,7
48
(60
4,7
16
)
(5.5
%)
13
3,6
46
,37
7
15
0,6
43
,82
3
(16
,99
7,4
46
)
(11
.3%
)1
33
,64
6,3
77
(16
,99
7,4
46
)
-11
.3%
Inte
rest
Char
ges
42
7In
t C
har
ges
Long T
erm
Deb
t3
,34
4,6
22
3,3
18
,60
6
(26
,01
5)
(0.8
%)
39
,96
1,9
49
39
,48
6,5
80
(47
5,3
69
)
(1.2
%)
39
,96
1,9
49
47
5,3
69
1.2
%r
42
8A
mort
Deb
t D
isc
& E
xp
11
1,3
96
10
7,0
56
(4,3
40
)
(4.1
%)
1,3
23
,73
3
1,2
65
,97
9
(57
,75
4)
(4.6
%)
1,3
23
,73
3
57
,75
4
4.6
%s
42
8A
mort
Gai
n/L
oss
Rea
cq D
ebt
14
4,2
12
14
4,2
12
-
0.0
%1
,73
0,5
43
1,7
71
,88
7
41
,34
4
2.3
%1
,73
0,5
43
(41
,34
4)
-2.3
%t
42
9A
mort
Pre
miu
m D
ebt
( 87
,73
2)
( 87
,73
2)
-
0.0
%( 1
,05
2,7
85
)
( 1,0
52
,78
5)
-
0.0
%( 1
,05
2,7
85
)
-
0.0
%u
43
1O
ther
Inte
rest
Exp
ense
11
0,9
20
81
,46
0
(29
,46
0)
(36
.2%
)1
,57
3,8
44
1,9
58
,66
8
38
4,8
24
19
.6%
1,5
73
,84
4
(38
4,8
24
)
-19
.6%
v
43
2A
FU
DC
Borr
ow
ed -
Cre
dit
(12
2,7
91
)
(13
1,7
71
)
(8,9
80
)
(6.8
%)
(1,5
10
,96
2)
(1,6
02
,56
7)
(91
,60
5)
(5.7
%)
(1,5
10
,96
2)
91
,60
5
5.7
%w
Net
Inte
rest
Char
ges
3,5
00
,62
6
3,4
31
,83
0
(68
,79
6)
(2.0
%)
42
,02
6,3
22
41
,82
7,7
63
(19
8,5
60
)
(0.5
%)
42
,02
6,3
22
19
8,5
60
0.5
%
Net
Inco
me
6,9
12
,40
5
7,5
85
,91
8
(67
3,5
13
)
(8.9
%)
91
,62
0,0
54
10
8,8
16
,06
0
(17
,19
6,0
06
)
(15
.8%
)9
1,6
20
,05
4
(17
,19
6,0
06
)
-15
.8%
Les
s P
refe
rred
Div
Req
uir
ed-
-
-
**
-
-
-
**
-
-
**
Net
Inco
me
Aft
er D
iv R
equir
emt
6,9
12
,40
5
7,5
85
,91
8
(67
3,5
13
)
(8.9
%)
91
,62
0,0
54
10
8,8
16
,06
0
(17
,19
6,0
06
)
(15
.8%
)9
1,6
20
,05
4
(17
,19
6,0
06
)
-15
.8%
adust
ed t
o a
ccount
40
92
00
BT
L
1
27,4
80,6
76
2
7,3
88,4
74
3
(3,6
15,6
79)
less
Acc
t 4
09
10
0,1
20
(2,1
43,3
42)
le
ss A
cct
41
1 &
41
02,1
43,3
42
A
dd A
cct
40
92
00
3,7
44,3
32
Les
s A
cct
40
91
00
(3,7
44,3
32)
9,5
31,8
16
g
128,6
53
o
21,5
93,0
02
f
B.3
Page 16 of 248
-
Sie
rra
Pa
cif
icP
wr d
ba
NV
En
erg
yR
un T
ime:
02/0
8/1
9 1
0:4
4 A
M
Net
Op
era
tin
g I
nco
me
& R
ati
os
- E
lect
ric
Lay
out
Nam
e: N
ET
_IN
C_P
RO
D
As
of
Dec
emb
er 3
1,
20
18
Rep
ort
Req
ues
t: N
ET
INC
R
Sco
pe:
BU
_P
RO
D_S
P
TIT
LE
CU
RR
EN
T M
ON
TH
YE
AR
TO
DA
TE
12 M
ON
TH
S
Curr
ent
Yea
r L
ast
Yea
r
Incr
ease
Over
Las
t
Ye a
r %
Inc
C
urr
ent
Yea
r L
ast
Yea
r
Incr
ease
Over
Las
t
Ye a
r %
Inc
C
urr
ent
Yea
r
Incr
ease
/(D
ecre
ase)
Over
Las
t Y
ear
% C
han
ge
400
Oper
atin
g R
even
ue
63,0
57,7
85
63,6
24,2
75
(566,4
90)
-0.9
%787,7
43,9
38
720,4
94,8
32
67,2
49,1
05
9.3
%787,7
43,9
38
67,2
49,1
05
9.3
%a
Ener
gy C
ost
s -
Net
33,5
36,5
34
27,4
93,9
46
6,0
42,5
88
22.0
%317,7
26,7
68
313,8
76,8
07
3,8
49,9
62
1.2
%317,7
26,7
68
3,8
49,9
62
1.2
%b
Def
erre
d E
ner
gy (
Net
) -
Ele
ctri
c(6
,527,0
00)
(1
,390,5
09)
(5
,136,4
91)
369.4
%8,2
36,8
70
(4
9,4
87,4
08)
57,7
24,2
78
-116.6
%8,2
36,8
70
57,7
24,2
78
-1
16.6
%b
Def
erre
d E
ner
gy (
Net
) -
Gas
-
-
-
**
-
-
-
**
-
-
**
b
Oper
atin
g M
argin
36,0
48,2
51
37,5
20,8
38
(1,4
72,5
87)
-3
.9%
461,7
80,2
99
456,1
05,4
34
5,6
74,8
65
1.2
%461,7
80,2
99
5,6
74,8
65
1.2
%
Oper
atin
g E
xpen
ses
401
Oper
atio
n10,4
24,2
73
14,7
02,4
30
(4,2
78,1
57)
-2
9.1
%138,5
30,7
46
121,4
55,3
40
17,0
75,4
06
14.1
%138,5
30,7
46
17,0
75,4
06
14.1
%b
402
Mai
nte
nan
ce4,5
17,9
42
1,7
54,3
01
2,7
63,6
41
157.5
%28,9
95,9
09
25,0
10,5
27
3,9
85,3
82
15.9
%28,9
95,9
09
3,9
85,3
82
15.9
%c
403
De p
reci
atio
n8, 4
15,7
30
8, 1
28,7
61
286, 9
70
3. 5
%99, 7
51,2
23
95, 4
65,0
47
4, 2
86,1
76
4. 5
%99, 7
51,2
23
4, 2
86,1
76
4. 5
%d
404
Am
ort
izat
ion
960, 9
44
764, 2
90
196, 6
54
25. 7
%10, 7
61,2
75
8, 7
71,2
09
1, 9
90,0
65
22. 7
%10, 7
61,2
75
1, 9
90,0
65
22. 7
%d
407- 0
03
Reg
ula
tory
Deb
its
708, 4
10
668, 2
15
40, 1
95
6. 0
%9, 6
33,7
56
9, 7
98,6
56
( 1
64,8
99)
- 1.7
%9, 6
33,7
56
( 164,8
99)
- 1.7
%d
407-0
04
Reg
ula
tory
Cre
dit
s(1
,037,0
08)
(9
71,1
62)
(65,8
46)
6.8
%(1
3,2
89,6
50)
(11,6
46,6
16)
(1,6
43,0
34)
14.1
%(1
3,2
89,6
50)
(1,6
43,0
34)
14.1
%d
408
Tax
es O
ther
Than
Inco
me
1,9
98,7
96
2,0
76,6
55
(7
7,8
59)
-3
.7%
25,1
16,2
81
25,8
94,2
24
(777,9
43)
-3.0
%25,1
16,2
81
(7
77,9
43)
-3.0
%e
409
Inco
me
Tax
es4,9
63,1
86
1,5
66,5
35
3,3
96,6
51
216.8
%26,8
11,8
29
2,5
39,9
65
24,2
71,8
64
955.6
%26,8
11,8
29
24,2
71,8
64
955.6
%1
410
Pro
vis
ion F
or
Def
Inco
me
Tax
(2,3
96,0
44)
(6
74,2
60)
(1,7
21,7
84)
255.4
%4,3
30,9
12
46,5
67,6
46
(42,2
36,7
34)
-90.7
%4,3
30,9
12
(42,2
36,7
34)
-90.7
%2
411-8
01
Gai
n/D
ispo
sal o
f S
O2 A
llo
wan
ces
-
-
-
**
-
-
-
**
-
-
**
411
Am
ort
Of
ITC
& J
DIC
(67,6
12)
(7
3,2
65)
5,6
53
-7
.7%
(811,3
55)
(879,1
78)
67,8
23
-7.7
%(8
11,3
55)
67,8
23
-7.7
%h
To
tal O
per
atin
g E
xpen
ses
28,4
88,6
18
27,9
42,5
01
546,1
17
2.0
%329,8
30,9
25
322,9
76,8
19
6,8
54,1
06
2.1
%329,8
30,9
25
6,8
54,1
06
2.1
%
Net
Oper
atin
g I
nco
me
7,5
59,6
33
9,5
78,3
38
(2
,018,7
05)
-2
1.1
%131,9
49,3
74
133,1
28,6
15
(1
,179,2
41)
-0
.9%
131,9
49,3
74
(1,1
79,2
41)
-0
.9%
57.2
%59.0
%259.9
%58.6
%63.3
%8.4
%58.6
%8.4
%
Oper
atio
n28.9
%39.2
%290.5
%30.0
%26.6
%300.9
%30.0
%300.9
%
Mai
nte
nan
ce12.5
%4.7
%-1
87.7
%6.3
%5.5
%70.2
%6.3
%70.2
%
Dep
reci
atio
n23.3
%21.7
%-1
9.5
%21.6
%20.9
%75.5
%21.6
%75.5
%
Am
ort
izat
ion
2.7
%2.0
%-1
3.4
%2.3
%1.9
%35.1
%2.3
%35.1
%
Tax
es O
ther
Than
Inco
me
5.5
%5.5
%5.3
%5.4
%5.7
%-1
3.7
%5.4
%-1
3.7
%
To
tal In
com
e T
axes
7.1
%2.4
%-1
13.7
%6.7
%10.8
%-3
16.6
%6.7
%-3
16.6
%
Oper
atin
g I
nco
me
21.0
%25.5
%137.1
%28.6
%29.2
%-2
0.8
%28.6
%-2
0.8
%
Sie
rra P
acif
ic P
ow
er C
om
pa
ny
Net
Op
erti
ng I
ncom
e &
Ra
tios
- E
lectr
ic t
o C
on
soli
da
ted
In
com
e S
um
ma
ry
As
of
Dec
emb
er 3
1,
20
18
EX
HIB
IT C
Page
3
Lin
e #
B
.1
1
Oper
atin
g R
ev
a787,7
43,9
38
2
1
26,8
11,8
29
n/a
3
less
Acc
t 409100,1
20
(2,1
43,3
42)
n/a
4
Les
s A
cct
409100
(3,7
44,3
32)
Oper
atin
g E
xp
b464,4
94,3
84
5
20,9
24,1
55
f
Mai
nte
nan
ce E
xp
c28,9
95,9
09
6
Dep
r &
Am
ort
Exp
d106,8
56,6
04
7
Tax
es o
n O
th t
han
Inc
Tax
e25,1
16,2
81
8
2
4,3
30,9
12
Inco
me
Tax
- F
ed (
409.1
)f
20,9
24,1
55
9
less
Acc
t 411 &
410
2,1
43,3
42
Pro
v f
or
Def
Inc
Tax
esg
6,4
74,2
54
10
6,4
74,2
54
g
I nves
t. T
ax C
redit
Adj
- N
eth
( 811,3
55)
11
Net
In
com
e135,6
93,7
06
Net
Oper
atin
g I
nco
me
fro
m s
ched
ule
abo
ve:
131,9
49,3
74
Oper
atin
g M
argin
expre
ssed
as
a %
of
oper
atin
g r
even
ue
Oper
atin
g R
atio
s -
expre
ssed
as
a %
of
oper
atin
g m
argin
B.4
Page 17 of 248
-
Sie
rra
Pa
cif
icP
wr d
ba
NV
En
erg
yR
un T
ime:
02
/08
/19
10
:40
AM
Net
Op
era
tin
g I
ncom
e &
Ra
tios
- G
as
Lay
ou
t N
ame:
NE
T_
INC
_P
RO
D
As
of
Decem
ber 3
1, 2
01
8R
eport
Req
ues
t: N
ET
INC
R
Sco
pe:
BU
_P
RO
D_
SP
TIT
LE
CU
RR
EN
T M
ON
TH
YE
AR
TO
DA
TE
12
MO
NT
HS
Cu
rre n
t Y
ear
Las
t Y
ear
Incr
ease
Over
Las
t
Yea
r %
I nc
C
urr
e nt
Yea
r L
ast
Yea
r
Incr
ease
Over
Las
t
Yea
r %
I nc
C
urr
e nt
Yea
r
Incr
ease
/(D
ecre
ase)
Over
Las
t Y
ear
% C
han
ge
40
0O
per
atin
g R
even
ue
13
,75
0,5
57
15
,81
6,0
58
(2,0
65
,50
1)
-1
3.1
%1
08
,00
8,2
52
10
5,2
48
,65
5
2,7
59
,59
7
2.6
%1
08
,00
8,2
52
2
,75
9,5
97
2.6
%a
Ener
gy C
ost
s -
Net
15
,63
7,5
74
9,9
85
,84
0
5
,65
1,7
34
56
.6%
62
,58
6,6
52
67
,38
3,0
21
(4,7
96
,36
9)
-7
.1%
62
,58
6,6
52
(4,7
96
,36
9)
-7
.1%
b
Def
erre
d E
ner
gy (
Net
) -
Ele
ctri
c-
-
-
**
-
-
-
**
-
-
**
Def
erre
d E
ner
gy (
Net
) -
Gas
(8,0
67
,88
6)
(1
,09
8,8
55
)
(6,9
69
,03
1)
6
34
.2%
(9,2
71
,89
9)
(1
8,9
00
,60
4)
9,6
28
,70
5
-50
.9%
(9,2
71
,89
9)
9,6
28
,70
5
-5
0.9
%b
Oper
atin
g M
argin
6,1
80
,86
9
6,9
29
,07
3
(74
8,2
05
)
-10
.8%
54
,69
3,4
99
56
,76
6,2
37
(2,0
72
,73
9)
-3
.7%
54
,69
3,4
99
(2,0
72
,73
9)
-3
.7%
Oper
atin
g E
xpen
ses
40
1O
per
atio
n1
,25
8,0
79
1,6
91
,90
5
(4
33
,82
6)
-25
.6%
14
,98
3,1
80
15
,43
5,5
50
(45
2,3
70
)
-2
.9%
14
,98
3,1
80
(45
2,3
70
)
-2.9
%b
40
2M
ainte
nan
ce1
84
,39
4
19
1,1
13
(6,7
19
)
-3.5
%2
,09
5,0
13
2,1
87
,59
6
(92
,58
3)
-4.2
%2
,09
5,0
13
(9
2,5
83
)
-4.2
%c
40
3D
epre
ciat
ion
1,0
78
,64
4
1,0
56
,77
2
2
1,8
72
2.1
%1
2,8
25
,16
6
12
,46
2,1
03
36
3,0
62
2
.9%
12
,82
5,1
66
36
3,0
62
2.9
%d
40
4A
mort
izat
ion
15
6,7
74
1
34
,04
8
22
,72
6
1
7.0
%1
,78
1,7
21
1,5
58
,57
0
22
3,1
51
1
4.3
%1
,78
1,7
21
2
23
,15
1
14
.3%
d
40
7-0
03
Reg
ula
tory
Deb
its
5,8
45
5
,84
5
-
0.0
%7
0,1
42
70
,14
2
-
0
.0%
70
,14
2
-
0.0
%d
40
7-0
04
Reg
ula
tory
Cre
dit
s(1
,22
4)
-
(1,2
24
)
**
(14
,63
2)
-
(14
,63
2)
**
(14
,63
2)
(1
4,6
32
)
**
d
40
8T
axes
Oth
er T
han
Inco
me
20
8,2
81
1
98
,63
8
9,6
43
4
.9%
2,4
53
,80
5
2,5
37
,73
9
(83
,93
4)
-3.3
%2
,45
3,8
05
(8
3,9
34
)
-3.3
%e
40
9I n
com
e T
axes
(1,4
57
,53
4)
(7
67
,17
4)
(6
90
,36
0)
90
.0%
66
8,8
47
(1
,67
5,2
76
)
2,3
44
,12
3
-13
9.9
%6
68
,84
7
2
,34
4,1
23
-13
9.9
%f
41
0P
rovis
ion F
or
Def
Inco
me
Tax
1,7
26
,56
6
2,5
36
,18
7
(8
09
,62
1)
-31
.9%
3,0
57
,56
2
9,1
17
,55
6
(6,0
59
,99
4)
-6
6.5
%3
,05
7,5
62
(6
,05
9,9
94
)
-66
.5%
g
41
1-8
01
Gai
n/D
isposa
l of
SO
2 A
llow
ance
s-
-
-
**
-
-
-
**
-
-
**
41
1A
mort
Of
ITC
& J
DIC
(3,6
76
)
(3,8
60
)
18
4
-4.8
%(4
4,1
17
)
(46
,32
6)
2,2
09
-4
.8%
(44
,11
7)
2
,20
9
-4.8
%h
Tota
l O
per
atin
g E
xp
ense
s3
,15
6,1
49
5,0
43
,47
5
(1,8
87
,32
7)
-3
7.4
%3
7,8
76
,68
6
41
,64
7,6
54
(3,7
70
,96
9)
-9
.1%
37
,87
6,6
86
(3,7
70
,96
9)
-9
.1%
Net
Oper
atin
g I
nco
me
3,0
24
,72
0
1,8
85
,59
8
1,1
39
,12
2
60
.4%
16
,81
6,8
13
15
,11
8,5
83
1,6
98
,23
0
11
.2%
16
,81
6,8
13
1,6
98
,23
0
1
1.2
%
44
.9%
43
.8%
36
.2%
50
.6%
53
.9%
-75
.1%
50
.6%
-75
.1%
Oper
atio
n2
0.4
%2
4.4
%5
8.0
%2
7.4
%2
7.2
%2
1.8
%2
7.4
%2
1.8
%
Mai
nte
nan
ce3
.0%
2.8
%0
.9%
3.8
%3
.9%
4.5
%3
.8%
4.5
%
Dep
reci
atio
n1
7.5
%1
5.3
%-2
.9%
23
.4%
22
.0%
-17
.5%
23
.4%
-17
.5%
Am
ort
izat
ion
2.5
%1
.9%
-3.0
%3
.3%
2.7
%-1
0.8
%3
.3%
-10
.8%
Tax
es O
ther
Than
Inco
me
3.4
%2
.9%
-1.3
%4
.5%
4.5
%4
.0%
4.5
%4
.0%
Tota
l In
com
e T
axes
4.4
%2
5.5
%2
00
.5%
6.8
%1
3.1
%1
79
.3%
6.8
%1
79
.3%
Oper
atin
g I
nco
me
48
.9%
27
.2%
-15
2.2
%3
0.7
%2
6.6
%-8
1.9
%3
0.7
%-8
1.9
%
Sie
rra
Pa
cif
ic P
ow
er C
om
pan
y
Net
Op
erti
ng
In
com
e &
Rati
os
- G
as
to C
on
soli
date
d I
ncom
e S
um
ma
ry
As
of
Decem
ber 3
1, 2
01
8
EX
HIB
IT C
Pa
ge
3
Lin
e #
B
.1
1
Oper
atin
g R
ev
a1
08
,00
8,2
52
2
3
4
Oper
atin
g E
xp
b6
8,2
97
,93
3
5
Mai
nte
nan
ce E
xp
c2
,09
5,0
13
6
Dep
r &
Am
ort
Exp
d1
4,6
62
,39
6
7
Tax
es o
n O
th t
han
In
c T
axe
2,4
53
,80
5
8
Inco
me
Tax
- F
ed (
40
9.1
)f
66
8,8
47
9
Pro
v f
or
Def
In
c T
axes
g3
,05
7,5
62
10
Inves
t. T
ax C
red
it A
dj
- N
eth
(44
,11
7)
11
Ch
eck
fig
ure
16
,81
6,8
13
Net
Op
erat
ing
Inco
me
from
sch
edu
le a
bove:
16
,81
6,8
13
Oper
atin
g M
argin
exp
ress
ed a
s a
% o
f op
erat
ing
reven
ue
Oper
atin
g R
atio
s -
exp
ress
ed a
s a
% o
f
oper
atin
g m
argin
B.5
Page 18 of 248
-
Statement C Work Papers
Page 19 of 248
-
SIERRA PACIFIC POWER COMPANY STATEMENT Cd/b/a NV Energy PAGE 1 OF 1
STATEMENT OF RETAINED EARNINGS HAUSMANFOR THE TWELVE MONTHS ENDED DECEMBER 31, 2018
(IN THOUSANDS)
(a) (b)Ln LnNo Amount No
1 C.2 61,332$ 12 91,620 # 23 152,952 34 45 56 - 67 78 152,952$ 8
# - Agrees to SPPCO 2018 GRC IS
Retained Earnings at End of Period
Description
Retained Earnings at Beginning of PeriodNet Income
Balance
Dividends Declared:Common Stock
C.1
Page 20 of 248
-
Sie
rra
Pa
cifi
cPw
r d
ba
NV
En
erg
yR
un T
ime:
01/1
6/1
9 2
:16 P
M
Ret
ain
ed E
arn
ings
Lay
out
Nam
e: R
etai
ned
Ear
nin
gs
As
of
Dec
emb
er 3
1,
2018
Rep
ort
Req
ues
t: R
ET
_E
AR
N
Sco
pe:
SP
PC
O
Tit
leC
urren
t M
on
thY
ear t
o D
ate
12 M
on
ths
Cu
rren
t Y
ear
Las
t Y
ear
Var
iance
Fav
/(U
nfa
v)
%
Fav
/(U
nfa
v)
Cu
rren
t Y
ear
Las
t Y
ear
Var
iance
Fav
/(U
nfa
v)
%
Fav
/(U
nfa
v)
Curr
ent
Yea
r
C.1
Ret
ained
Ear
nin
gs
Beg
innin
g1
46
,03
9,5
44
78,7
45,9
77
67,2
93,5
67
85.5
%61,3
31,8
94
(2,2
23,2
69)
63,5
55,1
63
2858.6
%61,3
31,8
94
Net
Inco
me
6,9
12
,40
5
7,5
85,9
18
(6
73,5
13)
(8.9
%)
91,6
20,0
54
108,8
16,0
60
(1
7,1
96,0
06)
(15.8
%)
91,6
20,0
54
Div
iden
ds
Dec
lare
d A
nd/O
r A
ccru
ed
Pre
ferr
ed S
tock
-
-
-
**
-
-
-
**
-
Com
mon S
tock
-
(25,0
00,0
00)
25,0
00,0
00
100.0
%-
(4
5,2
60,8
97)
45,2
60,8
97
100.0
%-
Tota
l D
ivid
ends
-
(25,0
00,0
00)
25,0
00,0
00
100.0
%-
(4
5,2
60,8
97)
45,2
60,8
97
100.0
%-
Adj
To R
etai
ned
Ear
nin
gs
-
-
-
**
-
-
-
**
-
Tota
l D
ebit
s T
o R
etai
ned
Ear
nin
gs
-
(25,0
00,0
00)
25,0
00,0
00
100.0
%-
(4
5,2
60,8
97)
45,2
60,8
97
100.0
%-
Ret
ained
Ear
nin
gs
Endin
g1
52
,95
1,9
49
61,3
31,8
94
91,6
20,0
54
149.4
%152,9
51,9
49
61,3
31,8
94
91,6
20,0
54
149.4
%152,9
51,9
49
C.2
Page 21 of 248
-
Statement D Work Papers
Page 22 of 248
-
STATEMENT DPAGE 1 OF 1
(a) (b) (c)Line LineNo. Description Amount Amount No.
1 Cash Flows From Operating Activities: D.1 12 Net Income 91,620$ 23 Non-Cash Revenues and Expenses Included in Income: 34 Depreciation & Depletion 125,119 45 Amortization of Regulatory Assets 9,704 56 Amortization of Regulatory Liabilities (13,304) 67 Unamortized Loss on Reacquired Debt 1,739 78 Regulatory Disallowance - 89 Deferred Energy Costs (408) 9
10 Deferred Income Taxes (Net) 9,532 1011 Investment Tax Credit Adjustment (Net) (889) 1112 Net (Increases) Decreases in Receivables 3,175 1213 Net (Increases) Decreases in Inventory (3,523) 1314 Net Increases (Decreases) in Payables and Accrued Expenses 23,043 1415 Net (Increases) Decreases in Other Regulatory Assets 18,680 1516 Net Increases (Decreases) in Other Regulatory Liabilities 16,466 1617 (Less) Allowance for Other Funds Used During Construction (3,635) 1718 Net Increases (Decreases) in Accrued Taxes and Interest 4,753 1819 Net (Increases) Decreases in Prepayments (1,230) 1920 Other, Net (6,829) 2021 Net Cash Flow From Operating Activities 274,013$ 2122 2223 Cash Flows From Investing Activities 2324 Gross Additions to Utility Plant (219,700) 2425 Gross Additions to Nonutility Plant (169) 2526 Allowance for Other Funds Used During Construction 3,635 2627 Customer Advances 3,825 2728 Contributions in Ai
