CenterPoint Energy True-Up Balance | |
As filed March 31, 2004 (1) | |
Stranded Costs | ($ in millions) |
Net Book Value of Generation Assets (2) | $ 4,561 |
Regulatory assets and deferred debits | 175 |
Above Market Purchase Power Costs | 48 |
Market Value of Generation Assets (3) | (2,908) |
$ 1,876 | |
Environmental Costs | $ 718 |
Other Transition Charges/ Credits | |
Final Fuel Under-recovery Balance (4) | $ 20 |
Capacity Auction True-up (ECOM) | 1,357 |
Price to Beat Retail Clawback | $ (177) |
$ 1,200 | |
Total True-up Balance - Without interest | $ 3,794 |
Interest on Stranded Costs (5) | $631 |
(1) Not conformed to PUC required filing format. All calculations assume a final order is issued on August 28, 2004, with payments of Excess Mitigation Credits (EMCs) discontinued as of that date. | |
(2) Reflects the reversal of T&D redirected depreciation and excess mitigation credits through August 2004 and excludes all environmental costs. | |
(3) Based on $36.26 per share of Texas Genco, plus debt, without inclusion of a control premium. | |
(4) Does not reflect disallowance of $117 million, including interest, recommended in PUC Docket 26195, Proposal for Decision. Final fuel balance could range from $20 million under-recovery to $106 million over-recovery, depending on final PUC decision. | |
(5) To be added to the total if approved on appeal. | |
Exhibit 99.1