Energy Future Competitive Holdings Co LLC - FORM 10-K - EX-99.(B) - EXHIBIT 99.(B) ADJUSTED EBITDA RECONCILIATION (TCEH) - February 29, 2016

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EX-32.(A) - EXHIBIT 32.(A) 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - Energy Future Competitive Holdings Co LLCexhibit32a-906certificatio.htm
EX-21.(A) - EXHIBIT 21.(A) SUBSIDIARY HIERARCHY - Energy Future Competitive Holdings Co LLCexhibit21a-subsidiariesoft.htm
EX-32.(B) - EXHIBIT 32.(B) 906 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - Energy Future Competitive Holdings Co LLCexhibit32b-906certificatio.htm
EX-31.(B) - EXHIBIT 31.(B) 302 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - Energy Future Competitive Holdings Co LLCexhibit31b-302certificatio.htm
EX-12.(A) - EXHIBIT 12.(A) RATIO OF EARNING TO FIXED CHARGES - Energy Future Competitive Holdings Co LLCexhibit12a-ratioofearnings.htm
EX-95.(A) - EXHIBIT 95.(A) MINE SAFETY DISCLOSURES - Energy Future Competitive Holdings Co LLCexhibit95a-minesafetydiscl.htm
10-K - 10-K - Energy Future Competitive Holdings Co LLCefch-12312015x10k.htm
EX-31.(A) - EXHIBIT 31.(A) 302 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - Energy Future Competitive Holdings Co LLCexhibit31a-302certificatio.htm
EX-10.(A) - EXHIBIT 10.(A) MANAGER COMPENSATION ARRANGEMENTS - Energy Future Competitive Holdings Co LLCexhibit10a-managercompensa.htm



Exhibit 99(b)

TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC CONSOLIDATED,
A DEBTOR-IN-POSSESSION
CONSOLIDATED EBITDA RECONCILIATION
(millions of dollars)
 
Year Ended December 31,
 
2015
 
2014
Net loss
$
(4,677
)
 
$
(5,443
)
Income tax benefit
(879
)
 
(1,911
)
Interest expense and related charges
1,289

 
864

Depreciation and amortization
852

 
839

EBITDA
$
(3,415
)
 
$
(5,651
)
Amortization of nuclear fuel
146

 
97

Purchase accounting adjustments (a)
(16
)
 
16

Impairment and write-down of other assets
2,626

 
4,940

Impairment of goodwill
2,200

 
1,600

EBITDA amount attributable to consolidated unrestricted subsidiaries
(26
)
 
(16
)
Unrealized net (gain) loss resulting from hedging transactions
(119
)
 
13

Noncash realized gain on termination of natural gas hedging positions
—

 
(117
)
Transition and business optimization costs
14

 
11

Reorganization items (b)
101

 
520

Restructuring and other
17

 
(1
)
Expenses incurred to upgrade or expand a generation station (c)
100

 
20

Additional prescribed EBITDA (d)
—

 
360

Expenses related to unplanned generation station outages
—

 
79

Consolidated EBITDA
$
1,628

 
$
1,871

___________
(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, the year ended December 31, 2014 results are comprised of May through December 2014 actual results plus additional prescribed consolidated EBITDA amounts for fiscal quarter ended March 31, 2014 and April 2014.






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