REGULATORY ACTIONS (Tables)

9 Months Ended

Sep. 30, 2013

The following deferred energy amounts were included in the consolidated balance sheets as of September 30, 2013 (dollars in thousands):



	September 30, 2013
	NVE Total			NPC Electric			SPPC Electric			SPPC Gas
Deferred Energy
Cumulative Deferred Balance authorized in 2013 DEAA	$	(152,990	)	$	(102,227	)	$	(32,693	)	$	(18,070	)
2013 Amortization	111,977			69,288			23,695			18,994
2013 Deferred Energy Under Collections ⁽¹⁾	118,397			95,465			19,697			3,235
Deferred Energy Balance at September 30, 2013 - Subtotal	$	77,384		$	62,526		$	10,699		$	4,159
Reinstatement of deferred energy (effective 6/07, 10 years)	89,906			89,906			—			—
Total Deferred Energy	$	167,290		$	152,432		$	10,699		$	4,159

Current Assets
Deferred energy	$	82,235		$	68,391		$	10,322		$	3,522
Non-current Assets
Deferred energy	85,055			84,041			377			637
Total Net Deferred Energy	$	167,290		$	152,432		$	10,699		$	4,159


⁽¹⁾	These deferred energy under collections are subject to quarterly rate resets as discussed in Note 1, Summary of Significant Accounting Policies, Deferred Energy Accounting, of the Notes to the Financial Statements in the 2012 Form 10-K.

The September PUCN order includes the following changes in revenue requirement (dollars in millions):



	Effective Date	Authorized Revenue Requirement			Present Revenue Requirement		$ Change in Revenue Requirement
Revenue Requirement Subject To Change:
REPR ⁽¹⁾	Oct. 2013	$	42.3		$	44.4	$	(2.1	)
TRED ⁽¹⁾	Oct. 2013	7.4			6.3		1.1
EEPR Base ⁽¹⁾	Oct. 2013	6.0			5.6		0.4
EEPR Amortization ⁽¹⁾	Oct. 2013	(2.1		)	1.8		(3.9		)
EEIR Base ⁽²⁾	Oct. 2013	5.5			4.7		0.8
EEIR Amortization ⁽³⁾	Oct. 2013	(3.7		)	1.9		(5.6		)
Total Revenue Requirement		$	55.4		$	64.7	$	(9.3	)


⁽¹⁾	Represents programs that require the Utilities to collect funds from customers for which the related costs are equal to the revenues collected. As a result, such programs have no effect on Operating or Net Income.


⁽²⁾	The authorized revenue requirement for EEIR Base may be subject to refund based on the PUCN order discussed above if SPPC earns in excess of its authorized ROR. In future periods, SPPC may record a provision against revenues to the extent its estimated ROR exceeds its authorized ROR.


⁽³⁾	Amounts related to the EEIR revenue disallowance, discussed above, are required to be refunded back to ratepayers through negative EEIR amortization; however, while these amounts will affect cash flow, they will not have a future impact on revenues, as the disallowance was recognized as of September 30, 2013.

The September PUCN order includes the following changes in revenue requirement (dollars in millions):



	Effective Date	Authorized Revenue Requirement			Present Revenue Requirement		$ Change in Revenue Requirement
Revenue Requirement Subject To Change:
REPR ⁽¹⁾	Oct. 2013	$	28.4		$	38.7	$	(10.3	)
TRED ⁽¹⁾	Oct. 2013	15.7			15.9		(0.2		)
EEPR Base ⁽¹⁾	Oct. 2013	45.9			32.6		13.3
EEPR Amortization ⁽¹⁾	Oct. 2013	(29.9		)	9.0		(38.9		)
EEIR Base ⁽²⁾	Oct. 2013	15.1			10.6		4.5
EEIR Amortization ⁽³⁾	Oct. 2013	(17.2		)	10.7		(27.9		)
Total Revenue Requirement		$	58.0		$	117.5	$	(59.5	)


⁽¹⁾	Represents programs that require the Utilities to collect funds from customers for which the related costs are equal to the revenues collected. As a result, such programs have no effect on Operating or Net Income.


⁽²⁾	The authorized revenue requirement for EEIR Base may be subject to refund based on the PUCN order discussed above if NPC earns in excess of its authorized ROR. In future periods, NPC may record a provision against revenues to the extent its estimated ROR exceeds its authorized ROR.


⁽³⁾	Amounts related to the EEIR revenue disallowance, discussed above, are required to be refunded back to ratepayers through negative EEIR amortization; however, while these amounts will affect cash flow, they will not have a future impact on revenues, as the disallowance was recognized as of September 30, 2013.