Exhibit 99.3
COMED RATE CASE DOCKET NO. 05-0597
ILLINOIS COMMERCE COMMISSION FINAL ORDER 7/26/06
SUMMARY
REVENUE REQUIREMENT & INCREASE
| | | | | | | | | |
| | | Revenue Requirement | | Revenue Increase |
| ICC Final Order | | $1,586 million | | $ | 8 | million |
| ALJ Proposed Order* | | $1,742 million | | $ | 164 | million |
| ComEd | | $1,896 million | | $ | 317 | million |
| | |
| * | | The revenue requirement of $1,742 million reflects the ALJ Proposed Order after adjustments. |
RATE BASE
| | | | | | | | | | | | | |
| | | Gross Plant | | Net Plant | | Rate Base |
| ICC Final Order | | $11,522 million | | $6,927 million | | $5,521 million |
| ALJ Proposed Order | | $11,504 million | | $6,909 million | | $6,159 million |
| ComEd | | $11,530 million | | $6,935 million | | $6,187 million |
PENSION ASSET
| | | | | |
| | | Allowance / Disallowance |
| ICC Final Order | | Disallowed $853 million pension asset in rate base |
| ALJ Proposed Order | | Same as ComEd |
| ComEd | | Requested pension asset in rate base |
Reduction from ComEd’s Request ($317 million): $70 million
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COMED RATE CASE DOCKET NO. 05-0597
ILLINOIS COMMERCE COMMISSION FINAL ORDER 7/26/06
SUMMARY (Continued)
RATE OF RETURN & CAPITAL STRUCTURE
| | | | | | | | | | | | | | | | | |
| | | | | | | Cost of | | | | |
| | | Capital Structure | | LT Debt | | ROE | | ROR |
| ICC Final Order | | Common Equity 42.86% | | | | | | | | | | | | |
| | | Long-Term Debt 57.14% | | | 6.48 | % | | | 10.045 | % | | | 8.01 | % |
| ALJ Proposed Order | | Common Equity 46.00% | | | | | | | | | | | | |
| | | Long-Term Debt 54.00% | | | 6.50 | % | | | 10.19 | % | | | 8.20 | % |
| ComEd | | Common Equity 54.20% | | | | | | | | | | | | |
| | | Long-Term Debt 45.80% | | | 6.50 | % | | | 11.00 | % | | | 8.94 | % |
Reduction from ComEd’s Request ($317 million): $125 million
ADMINISTRATIVE & GENERAL EXPENSES
| | | | | |
| | | A&G Expense Recovery |
| ICC Final Order | | $194 million |
| ALJ Proposed Order | | Same as ComEd |
| ComEd | | $255 million |
Reduction from ComEd’s Request ($317 million): $61 million
INCENTIVE COMPENSATION
| | | | | |
| | | Incentive Compensation Recovery |
| ICC Final Order | | $10 million |
| ALJ Proposed Order | | Disallowed recovery of Incentive Compensation |
| ComEd | | $20 million |
Reduction from ComEd’s Request ($317 million): $10 million
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COMED RATE CASE DOCKET NO. 05-0597
ILLINOIS COMMERCE COMMISSION FINAL ORDER 7/26/06
SUMMARY (Continued)
ICC FINAL ORDER COMPARISON TO COMED’S ORIGINAL REQUEST;
APPROVED REVENUE INCREASE ($8 MILLION)
| | | | | |
| Original Revenue Requirement Request | | $ | 317 | million |
| Adjustments: | | | | |
| Rate of Return / Capital Structure | | ($ | 125 | ) million |
| Pension Asset | | ($ | 70 | ) million |
| A&G Expenses | | ($ | 61 | ) million |
| Incentive Compensation | | ($ | 10 | ) million |
| ComEd Adjustments | | ($ | 38 | ) million |
| Miscellaneous Final Order Adjustments | | ($ | 5 | ) million |
| | | |
| |
Approved Increase in Rate Revenues | | $ | 8 | million |
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