EX-99 6 exh-5.htm ESTIMATED STRANDED COSTS

EXHIBIT H-5

                                                                              ESTIMATE OF BONDABLE STRANDED COSTS                                                                            
                 
                 

Stranded Cost Element

($000)

Status

Fossil Fuel-Fired Electric Generating Plants

149,500     

Hearings held and stranded cost order from NJBPU

Sub-Total Stranded Costs

149,500     

Transaction Costs

        2,500     

(1)

Estimated at 1.6% of total stranded costs

Total Bondable Stranded Costs

     152,000     

                 
                 

FOOTNOTES

                

(1) This amount includes transaction, legal, and other fees as well as costs associated with retirement of debt and equity, including accrued interest, premium and other fees,
related to the sale of the Bondable Transition Property.

DEFINITIONS

                

NJBPU = New Jersey Board of Public Utilities