Inventory ($ 819,000.00 ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) ($ -  ) Plant in Service ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) ($ 200,616,807.00 ) Accumulated Depreciation & Amortization ($ 6,687,160.00 ) ($ 13,374,320.00 ) ($ 20,061,480.00 ) ($ 26,748,640.00 ) ($ 33,435,800.00 ) ($ 40,122,960.00 ) ($ 46,810,120.00 ) ($ 53,497,280.00 ) ($ 60,184,440.00 ) ($ 66,871,600.00 ) ($ 73,558,760.00 ) ($ 80,245,920.00 ) ($ 86,933,080.00 ) ($ 93,620,240.00 ) ($ 100,307,400.00 ) ($ 106,994,560.00 ) ($ 113,681,720.00 ) ($ 120,368,880.00 ) ($ 127,056,040.00 ) ($ 133,743,200.00 ) ($ 140,430,360.00 ) ($ 147,117,520.00 ) ($ 153,804,680.00 ) ($ 160,491,840.00 ) ($ 167,179,000.00 ) ($ 173,866,160.00 ) ($ 180,553,320.00 ) ($ 187,240,480.00 ) ($ 193,927,640.00 ) ($ 200,614,800.00 ) This rate base excludes transmission upgrades All costs exclude Fuel Inflation Cost of Carbon/etc Accumulated Deferred Income Taxes ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) ($ 872,014.00 ) Total Rate Base Before-Tax Rate of Return on Rate Base ($ 193,876,633.00 ) ($ 186,370,473.00 ) ($ 179,683,313.00 ) ($ 172,996,153.00 ) ($ 166,308,993.00 ) ($ 159,621,833.00 ) ($ 152,934,673.00 ) ($ 146,247,513.00 ) ($ 139,560,353.00 ) ($ 132,873,193.00 ) ($ 126,186,033.00 ) ($ 119,498,873.00 ) ($ 112,811,713.00 ) ($ 106,124,553.00 ) ($ 99,437,393.00 ) ($ 92,750,233.00 ) ($ 86,063,073.00 ) ($ 79,375,913.00 ) ($ 72,688,753.00 ) ($ 66,001,593.00 ) ($ 59,314,433.00 ) ($ 52,627,273.00 ) ($ 45,940,113.00 ) ($ 39,252,953.00 ) ($ 32,565,793.00 ) ($ 25,878,633.00 ) ($ 19,191,473.00 ) ($ 12,504,313.00 ) ($ 5,817,153.00 ) ($ (870,007.00) 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% 8.48% Return on Rate Base ($ 16,440,738.48 ) ($ 15,804,216.11 ) ($ 15,237,144.94 ) ($ 14,670,073.77 ) ($ 14,103,002.61 ) ($ 13,535,931.44 ) ($ 12,968,860.27 ) ($ 12,401,789.10 ) ($ 11,834,717.93 ) ($ 11,267,646.77 ) ($ 10,700,575.60 ) ($ 10,133,504.43 ) ($ 9,566,433.26 ) ($ 8,999,362.09 ) ($ 8,432,290.93 ) ($ 7,865,219.76 ) ($ 7,298,148.59 ) ($ 6,731,077.42 ) ($ 6,164,006.25 ) ($ 5,596,935.09 ) ($ 5,029,863.92 ) ($ 4,462,792.75 ) ($ 3,895,721.58 ) ($ 3,328,650.41 ) ($ 2,761,579.25 ) ($ 2,194,508.08 ) ($ 1,627,436.91 ) ($ 1,060,365.74 ) ($ 493,294.57 ) ($ (73,776.59) Operation and Maintenance Expense ($ 7,474,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) ($ 6,655,724.00 ) Insurance ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) ($ 140,500.00 ) Depreciation and Amortization Expense ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) ($ 6,687,160.00 ) Total Expenses ($ 14,302,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) ($ 13,483,384.00 ) Total Estimated Non-Fuel Revenue Requirement ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ ($ 30,743,122.48 ) 29,287,600.11 ) 28,720,528.94 ) 28,153,457.77 ) 27,586,386.61 ) 27,019,315.44 ) 26,452,244.27 ) 25,885,173.10 ) 25,318,101.93 ) 24,751,030.77 ) 24,183,959.60 ) 23,616,888.43 ) 23,049,817.26 ) 22,482,746.09 ) 21,915,674.93 ) 21,348,603.76 ) 20,781,532.59 ) 20,214,461.42 ) 19,647,390.25 ) 19,080,319.09 ) 18,513,247.92 ) 17,946,176.75 ) 17,379,105.58 ) 16,812,034.41 ) 16,244,963.25 ) 15,677,892.08 ) 15,110,820.91 ) 14,543,749.74 ) 13,976,678.57 ) 13,409,607.41 ) 649,852,631.47 ) Data From: Public: OT-3 (UD-18-07) Data From: Using ADV proposal ROE: 8.93% and 50/50 cap structure Source: ENO Response to CNO 1-59 Year 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050