Energy Future Competitive Holdings Co LLC - FORM 10-Q - EX-99.B - EXHIBIT 99.B EBITDA - July 31, 2015

Attached files

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EX-99.A - EXHIBIT 99.A TWELVE MONTH INCOME STATEMENT - Energy Future Competitive Holdings Co LLCexhibit99a-twelvemonthinco.htm
EX-32.A - EXHIBIT 32.A CHIEF EXECUTIVE OFFICER CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32a-906certificatio.htm
EX-32.B - EXHIBIT 32.B CHIEF FINANCIAL OFFICER CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32b-906certificatio.htm
EX-31.B - EXHIBIT 31.B CHIEF FINANCIAL OFFICER CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit31b-302certificatio.htm
EX-95.A - EXHIBIT 95.A MINE SAFETY DISCLOSURE - Energy Future Competitive Holdings Co LLCexhibit95a-minesafetydiscl.htm
10-Q - EFCH JUNE 30, 2015 FORM 10-Q - Energy Future Competitive Holdings Co LLCefch-6302015x10q.htm
EX-31.A - EXHIBIT 31.A CHIEF EXECUTIVE OFFICER CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit31a-302certificatio.htm


Exhibit 99(b)

TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC CONSOLIDATED,
A DEBTOR-IN-POSSESSION
CONSOLIDATED EBITDA RECONCILIATION
(millions of dollars)
 
Six Months Ended June 30,
 
Twelve Months Ended June 30,
 
2015
 
2014 (d)
 
2015
 
2014 (d)
Net loss
$
(1,550
)
 
$
(340
)
 
$
(6,653
)
 
$
(340
)
Income tax benefit
(399
)
 
(143
)
 
(2,168
)
 
(143
)
Interest expense and related charges
636

 
219

 
1,279

 
219

Depreciation and amortization
434

 
225

 
1,048

 
225

EBITDA
$
(879
)
 
$
(39
)
 
$
(6,494
)
 
$
(39
)
Amortization of nuclear fuel
77

 
28

 
146

 
28

Purchase accounting adjustments (a)
(9
)
 
6

 
2

 
6

Impairment and write-down of other assets
735

 
21

 
5,654

 
21

Impairment of goodwill
700

 
—

 
2,300

 
—

EBITDA amount attributable to consolidated unrestricted subsidiaries
(18
)
 
(4
)
 
(30
)
 
(4
)
Unrealized net gain resulting from hedging transactions
(74
)
 
193

 
(254
)
 
193

Noncash realized gain on termination of natural gas hedging positions
—

 
(117
)
 
—

 
(117
)
Transition and business optimization costs
7

 
3

 
15

 
3

Reorganization items (b)
114

 
423

 
211

 
423

Restructuring and other
11

 
(1
)
 
13

 
(1
)
Expenses incurred to upgrade or expand a generation station (c)
70

 
20

 
100

 
20

Additional prescribed EBITDA (d)
—

 
360

 
—

 
1,160

Expenses related to unplanned generation station outages
(5
)
 
19

 
55

 
19

Consolidated EBITDA
$
729

 
$
912

 
$
1,718

 
$
1,712

___________
(a)
Purchase accounting adjustments include amortization of the intangible net asset value of retail and wholesale power sales agreements, environmental credits, coal purchase contracts, nuclear fuel contracts and power purchase agreements and the stepped up value of nuclear fuel. Also include certain credits and gains on asset sales not recognized in net income due to purchase accounting.
(b)
Reorganization items includes expenses and income directly associated with the Chapter 11 Cases.
(c)
Expenses incurred to upgrade or expand a generation station represent noncapital outage costs.
(d)
In accordance with the TCEH DIP Facility agreement, six and twelve months ended June 30, 2014 results are comprised of May and June 2014 actual results plus an additional prescribed consolidated EBITDA amount for fiscal quarters ended September 30, 2013, December 31, 2013 and March 31, 2014 and April 2014.






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