EX-99.2 3 c05946exv99w2.htm COMPARISON OF KEY FINANCIAL MEASURES exv99w2
 

Exhibit 99.2
COMED RATE CASE DOCKET NO. 05-0597
ALJ PROPOSED ORDER 6/8/06
SUMMARY
TABLE A: RATE OF RETURN
                         
    Capital Structure   Cost of LT Debt     ROE   ROR
Proposed Order
  Common eq. 46.00%     6.50 %   10.19%   8.20%
 
  LT Debt 54.00%                
ComEd
  Common eq. 54.20%     6.50 %   11.00%   8.94%
 
  LT Debt 45.80%                
TABLE B: REVENUE REQUIREMENT, RATE INCREASE
         
    Revenue Requirement   Revenue Increase(1)
Proposed Order
  $1,764,656,000   $186,970,000
ComEd
  $1,862,185,000   $317,295,000
TABLE C: RATE BASE
             
    Gross Plant   Net Plant   Rate Base
Proposed Order
  $11,504,101,000   $6,908,651,000   $6,159,399,000
ComEd
  $11,530,064,000   $6,934,589,000   $6,186,933,000
(1) An adjustment of ($32,796) referenced in Appendix A of the Proposed Order recognizes that the current revenue base is presented two different ways in the filing. The first “current rate revenue” of $1,545 million reflects the 2004 test year actual (not weather adjusted) delivery sales multiplied by the DST rates in effect in 2004. The second “current rate revenue” of $1,578 million, on which the $187 million figure is based, reflects an upward adjustment of about $33 million for weather normalized 2004 test year delivery sales. The final revenue requirement of $1,764,656,000 is the same regardless of the revenue base starting point. The listed revenue increases are based on the weather normalized 2004 test year delivery sales.
Note: The Proposed Order may be subject to potential revisions.