EXHIBIT 99.3 | ||||||||||||
Estimated Ohio Amortization Comparison | ||||||||||||
(In millions) | ||||||||||||
Rate Certainty Plan | Rate Stabilization Plan | Difference | ||||||||||
Transition Costs | Transition Costs | Trans. Costs | ||||||||||
Total | Total | Total | ||||||||||
OE | CEI | TE | Ohio | OE | CEI | TE | Ohio | Ohio | ||||
Projected Balance 12/31/05 | $ 285 | $ 475 | $ 183 | $ 943 | $ 285 | $ 475 | $ 183 | $ 943 | $0 | |||
Amortization 2006 | $ 89 | $ 125 | $ 54 | $ 268 | 191 | 125 | 82 | 398 | (130) | |||
2007 | 90 | 138 | 60 | 288 | 94 | 138 | 92 | 324 | (36) | |||
2008 | 106 | 158 | 69 | 333 | - | 158 | 9 | 167 | 166 | |||
2009 | - | 54 | - | 54 | - | 54 | - | 54 | 0 | |||
2010 | - | - | - | - | - | - | - | - | 0 | |||
Transition Cost Amort | $ 285 | $ 475 | $ 183 | $ 943 | $ 285 | $ 475 | $ 183 | $ 943 | $0 | |||
Shopping Incentives & Carrying Charges | Shopping Incentives & Carrying Charges | Shopping Incent. & CC | ||||||||||
Total | Total | Total | ||||||||||
OE | CEI | TE | Ohio | OE | CEI | TE | Ohio | Ohio | ||||
Projected Balance 12/31/05 | $ 333 | $ 434 | $ 131 | $ 898 | $ 333 | $ 434 | $ 131 | $ 898 | $0 | |||
Regulatory Liability Offset | (75) | (85) | (45) | (205) | - | - | - | - | (205) | |||
Adj Balance 12/31/05 | $ 258 | $ 349 | $ 86 | $ 693 | $ 333 | $ 434 | $ 131 | $ 898 | ($205) | |||
Carrying Charges 2006 | $ 10 | $ 25 | $ 4 | $ 39 | $ 16 | $ 31 | $ 9 | $ 56 | ($ 17) | |||
2007 | 6 | 27 | 2 | 35 | 13 | 34 | 10 | 57 | (22) | |||
2008 | 2 | 29 | 1 | 32 | 6 | 36 | 5 | 47 | (15) | |||
2009 | - | 24 | - | 24 | - | 28 | - | 28 | (4) | |||
2010 | - | 9 | - | 9 | - | 9 | - | 9 | 0 | |||
18 | 114 | 7 | 139 | 35 | 138 | 24 | 197 | (58) | ||||
Incentives & CC to be amortized | $ 276 | $ 463 | $ 93 | $ 832 | $ 368 | $ 572 | $ 155 | $ 1,095 | ($263) | |||
Amortization 2006 | $ 90 | $ - | $ 30 | $ 120 | $ - | $ - | $ - | $ - | $120 | |||
2007 | 92 | - | 31 | 123 | 156 | - | - | 156 | (33) | |||
2008 | 94 | - | 32 | 126 | 212 | - | 155 | 367 | (241) | |||
2009 | - | 186 | - | 186 | - | 292 | - | 292 | (106) | |||
2010 | - | 277 | - | 277 | - | 280 | - | 280 | (3) | |||
Incentives & CC Amort | $ 276 | $ 463 | $ 93 | $ 832 | $ 368 | $ 572 | $ 155 | $ 1,095 | ($263) | |||
Net Amortization & Carrying Charges | Net Amortization & Carrying Charges | Net Amort & CC | ||||||||||
Total | Total | Total | ||||||||||
OE | CEI | TE | Ohio | OE | CEI | TE | Ohio | Ohio | ||||
Amortization 2006 | $ 169 | $ 100 | $ 80 | $ 349 | $ 175 | $ 94 | $ 73 | $ 342 | $7 | |||
2007 | 176 | 111 | 89 | 376 | 237 | 104 | 82 | 423 | (47) | |||
2008 | 198 | 129 | 100 | 427 | 206 | 122 | 159 | 487 | (60) | |||
2009 | - | 216 | - | 216 | - | 318 | - | 318 | (102) | |||
2010 | - | 268 | - | 268 | - | 271 | - | 271 | (3) | |||
Net Amortization | $ 543 | $ 824 | $ 269 | $ 1,636 | $ 618 | $ 909 | $ 314 | $ 1,841 | ($205) |
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8-K Filing
FirstEnergy (FE) 8-KFirstenergy, Mayors and Other Key Parties Agree on Plan
Filed: 9 Sep 05, 12:00am