Attached files
| file | filename |
|---|---|
| EX-32.B - CERTIFICATION OF PAUL M. KEGLEVIC - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit32b.htm |
| EX-31.A - CERTIFICATION OF JOHN F. YOUNG - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit31a.htm |
| EX-32.A - CERTIFICATION OF JOHN F. YOUNG - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit32a.htm |
| EX-95.A - MINE SAFETY DISCLOSURES - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit95a.htm |
| EX-31.B - CERTIFICATION OF PAUL M. KEGLEVIC - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit31b.htm |
| EX-99.A - TWELVE MONTHS ENDED SEPTEMBER 30, 2015 STATEMENT OF INCOME (LOSS) - Energy Future Holdings Corp /TX/ | efh-2015930xexhibit99a.htm |
| 10-Q - FORM 10-Q - Energy Future Holdings Corp /TX/ | efh-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. |