[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR300.12]

[Page 786-787]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 300_CONFIRMATION AND APPROVAL OF THE RATES OF FEDERAL POWER MARKETING 
ADMINISTRATIONS--Table of Contents
 
                      Subpart B_Filing Requirements
 
Sec. 300.12  Analysis of supporting data.

    (a) An analysis of the data provided under Sec. 300.11 must be 
supported by an appropriate methodology developed by the Administrator.
    (b) Revenue recovery study. (1) A study must be provided which 
supports the filed rate and charges, including a narrative statement 
that explains how the rates and charges meet the objective of recovering 
the revenue necessary to repay the Federal investment and other costs in 
a reasonable period of time.
    (2) Any Power Repayment Study (PRS) submitted for this purpose must 
be developed using currently approved rates for estimating future 
revenues. If the filed rates differ from the current rates, the 
Administrator must provide a PRS which uses the level of revenues 
produced by the proposed rates. Unless

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otherwise required by statute, a PRS must contain only those investments 
in plant which will be in commercial operation during the proposed rate 
approval period, except replacements. Forecasts of costs beyond the rate 
test period must be based on conditions prevailing during the period, 
unless unusual circumstances warrant otherwise.
    (3) A PRS must include, but need not be limited to, those items 
listed below:
    (i) Operating revenues;
    (ii) Operating expenses;
    (iii) Interest expense;
    (iv) Investment placed in service (using totals if the supporting 
statement annually shows a breakdown into the appropriate subcategories 
under each major heading), including the initial project, additions, 
replacements, and the total investment;
    (v) Investment amortized;
    (vi) Remaining unamortized investment;
    (vii) Allowable unamortized investment (using totals if the 
supporting statement annually shows a breakdown into the appropriate 
subcategories under each major heading), including initial project, 
additions, replacements, and total investment;
    (viii) Irrigation investment assigned to be repaid from power 
revenues (using totals if the supporting statement annually shows a 
breakdown into the appropriate subcategories under each major heading), 
including irrigation investment assigned to power, investment repaid, 
remaining unpaid investment, and allowable unpaid investment; and
    (ix) Cumulative status of repayment.
    (c) Cost of service study. For any project or system which provides 
more than one class of service for which differing rates are proposed, a 
cost of service study, if available, must be provided which shows how 
the costs of providing each service have been determined. If rates and 
charges have not been formulated on a cost related basis, the basis for 
each rate or charge should be explained.