CONSUMERS ENERGY ELECTRIC RATE CASE U-21389
ELECTRIC RATE CASE U-21389*
On
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Company |
Explanations |
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Item |
Filing |
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(MM) |
(MM) |
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1. |
Investment |
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Distribution: |
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Generation: |
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Working Capital and Reg Assets Amortizations: |
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KaUnits 1 & 2 removal: |
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Other: |
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2. |
O&M |
14 |
Distribution: |
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Compensation/Benefits: |
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Generation: |
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Corporate and Other: |
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Demand Response: |
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3. |
Gross Margin |
(2) |
Sales Mix: |
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Miscellaneous: |
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4. |
Cost of Capital |
77 |
Debt Rates: |
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ROE 10.25% Versus Authorized 9.9%: |
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Capital Structure: |
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5. |
Total before surcharge |
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6. |
Deferral Surcharge |
9 |
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7. |
Total |
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Ratemaking |
Existing |
After-Tax |
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Capital Structure % |
(U-21224)(1) |
As Filed |
Annual Cost |
Weighted Costs |
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Long Term Debt |
40.18% |
39.96% |
4.14% |
1.66% |
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Short Term Debt |
0.88 |
1.08 |
4.79 |
0.05 |
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Preferred Stock |
0.15 |
0.14 |
4.50 |
0.01 |
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Common Equity |
41.56(2) |
42.58(3) |
10.25 |
4.36 |
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Deferred FIT |
16.71 |
15.79 |
0.00 |
0.00 |
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JDITC/Other |
0.52 |
0.45 |
0.03 |
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100% |
100% |
6.11%(4) |
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Rate Base and |
Existing |
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RetuPercentage |
(U-21224)(1) |
As Filed |
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Rate Base (billion) |
$13.38(5) |
$14.35(5) |
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Retuon Rate Base (%) |
5.66 |
6.11 |
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Retuon Equity (%) |
9.90 |
10.25 |
(1)Assumed. The outcome of Case No. U-21224 was a Commission-approved settlement agreement which did not specifically identify these items.
(2)Equivalent to 50.75% on a financial basis.
(3)Equivalent to 51.50% on a financial basis.
(4)Equivalent to 7.60% pre-tax basis.
(5)Excludes RPS renewables of
*Electric Rate Case U-21389 can be accessed at the
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