Energy Future Competitive Holdings Co LLC - FORM 10-Q - EX-99.B - EXHIBIT 99.B TCEH EBITDA - November 3, 2015

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EX-99.A - EXHIBIT 99.A TWELVE MONTH INCOME STATEMENT - Energy Future Competitive Holdings Co LLCexhibit99a-twelvemonthinco.htm
EX-31.A - EXHIBIT 31.A CERTIFICATION OF CEO - Energy Future Competitive Holdings Co LLCexhibit31a-302certificatio.htm
EX-95.A - EXHIBIT 95.A MINE SAFETY DISCLOSURE - Energy Future Competitive Holdings Co LLCexhibit95a-minesafetydiscl.htm
EX-32.A - EXHIBIT 32.A CEO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32a-906certificatio.htm
EX-32.B - EXHIBIT 32.B CFO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32b-906certificatio.htm
EX-31.B - EXHIBIT 31.B CFO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit31b-302certificatio.htm
10-Q - 10-Q - Energy Future Competitive Holdings Co LLCefch-9302015x10q.htm


Exhibit 99(b)

TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC CONSOLIDATED,
A DEBTOR-IN-POSSESSION
CONSOLIDATED EBITDA RECONCILIATION
(millions of dollars)
 
Nine Months Ended September 30,
 
Twelve Months Ended September 30,
 
2015
 
2014 (d)
 
2015
 
2014 (d)
Net loss
$
(3,067
)
 
$
(376
)
 
$
(8,134
)
 
$
(376
)
Income tax benefit
(816
)
 
(163
)
 
(2,564
)
 
(163
)
Interest expense and related charges
964

 
541

 
1,287

 
541

Depreciation and amortization
634

 
552

 
921

 
552

EBITDA
$
(2,285
)
 
$
554

 
$
(8,490
)
 
$
554

Amortization of nuclear fuel
118

 
69

 
145

 
69

Purchase accounting adjustments (a)
(14
)
 
13

 
(10
)
 
13

Impairment and write-down of other assets
2,054

 
30

 
6,963

 
30

Impairment of goodwill
1,400

 
—

 
3,000

 
—

EBITDA amount attributable to consolidated unrestricted subsidiaries
(23
)
 
(10
)
 
(29
)
 
(10
)
Unrealized net (gain) loss resulting from hedging transactions
(107
)
 
146

 
(240
)
 
146

Noncash realized gain on termination of natural gas hedging positions
—

 
(117
)
 
—

 
(117
)
Transition and business optimization costs
11

 
7

 
15

 
7

Reorganization items (b)
152

 
468

 
204

 
468

Restructuring and other
13

 
—

 
10

 
—

Expenses incurred to upgrade or expand a generation station (c)
78

 
20

 
100

 
20

Additional prescribed EBITDA (d)
—

 
360

 
—

 
660

Expenses related to unplanned generation station outages
(2
)
 
37

 
40

 
37

Consolidated EBITDA
$
1,395

 
$
1,577

 
$
1,708

 
$
1,877

___________
(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, nine and twelve months ended September 30, 2014 results are comprised of May through September 2014 actual results plus an additional prescribed consolidated EBITDA amount for fiscal quarters ended December 31, 2013 and March 31, 2014 and April 2014.







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