Investor Presentaiton
UNS Energy
A Fortis Company
APPENDIX
Type of Utility
Regulator
Regulatory Model
2019 Formula
2019F Rate Base
5-Year CAGR on Rate Base (1)
2018 Assets % of Total Consolidated
Regulated Assets (2)
2018 Earnings
2018 Earnings % of Total Regulated
Earnings
Major Capital Projects
Development Opportunities (3)
Upcoming Regulatory Proceeding
UNS Electric
Tucson Electric
Electricity
UNS Gas
Gas distribution
Navajo
Four Corners
Arizona Corporation Commission
9.5% ROE on
52.83% equity
Cost of service/historical test year
9.75% ROE on
50% equity
9.75% ROE on
50.8% equity
Flagstaff
Cottonwood
Kingman
Black Mountain
Prescott
.
Show Low
Springerville
Lake Havasu City
$5.3B
6.9%
20%
$293M
25%
Gila River Natural Gas Generating Station Unit 2, Southline
Transmission Project & Oso Grande Wind Project
Renewables, Transmission Investments, Grid
Modernization & Infrastructure Resiliency
TEP rate case filed on April 1st using December 31, 2018
test year
N
Gila River
Arizona
San Juan
SERVICE AREAS/CUSTOMERS
Tucson Electric Power Service Area
UNS Gas Service Area
UNS Electric Service Area
UNS Gas & Electric Service Area
Transmission Line
Coal-Fired Power Plant
Natural Gas-Fired Power Plant
Community-Scale Solar Power
Company Offices
Community-Scale Wind Power
Tucson
Sundt
Luna
Nogales
Valencia
UNS
UNS Energy Corporation
A Fortis Company
(1) US dollar-denominated rate base for 2018 is based on the actual average USD/CAD foreign exchange rate of $1.30 and forecast rate base for 2019 to 2023 is based on $1.28.
(2) Includes goodwill.
(3) Development opportunities are not included in the base capital forecast and would represent incremental capital spending.
FORTIS.INC
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