Energy Future Competitive Holdings Co LLC - FORM 10-Q - EX-99.(B) - EXHIBIT 99.(B) TCEH EBITDA RECONCILIATION - May 9, 2016

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EX-99.(A) - EXHIBIT 99.(A) TWELVE MONTH INCOME STATEMENT - Energy Future Competitive Holdings Co LLCexhibit99a-twelvemonthinco.htm
EX-95.(A) - EXHIBIT 95.(A) MINE SAFETY DISCLOSURES - Energy Future Competitive Holdings Co LLCexhibit95a-minesafetydiscl.htm
EX-32.(A) - EXHIBIT 32.(A) 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - Energy Future Competitive Holdings Co LLCexhibit32a-906certificatio.htm
EX-31.(B) - EXHIBIT 31.(B) 302 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - Energy Future Competitive Holdings Co LLCexhibit31b-302certificatio.htm
EX-32.(B) - EXHIBIT 32.(B) 906 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - Energy Future Competitive Holdings Co LLCexhibit32b-906certificatio.htm
10-Q - EFCH MARCH 31, 2016 FORM 10-Q - Energy Future Competitive Holdings Co LLCefch-3312016x10q.htm
EX-31.(A) - EXHIBIT 31.(A) 302 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - 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)
 
Three Months Ended March 31,
 
Twelve Months Ended March 31,
 
2016
 
2015
 
2016
 
2015 (d)
Net loss
$
(343
)
 
$
(1,336
)
 
$
(3,684
)
 
$
(6,779
)
Income tax expense (benefit)
6

 
(292
)
 
(581
)
 
(2,203
)
Interest expense and related charges
335

 
315

 
1,309

 
1,179

Depreciation and amortization
139

 
215

 
776

 
1,054

EBITDA
$
137

 
$
(1,098
)
 
$
(2,180
)
 
$
(6,749
)
Amortization of nuclear fuel
34

 
38

 
141

 
135

Purchase accounting adjustments (a)
(6
)
 
(4
)
 
(18
)
 
12

Impairment and write-off of other assets
20

 
735

 
1,911

 
5,675

Impairment of goodwill
—

 
700

 
1,500

 
2,300

EBITDA amount attributable to consolidated unrestricted subsidiaries
(4
)
 
(6
)
 
(24
)
 
(22
)
Unrealized net (gain) loss resulting from hedging transactions
41

 
(102
)
 
24

 
(89
)
Noncash realized gain on termination of natural gas hedging positions
—

 
—

 
—

 
(117
)
Transition and business optimization costs
4

 
3

 
15

 
14

Reorganization items (b)
22

 
73

 
50

 
593

Restructuring and other
22

 
12

 
27

 
11

Expenses incurred to upgrade or expand a generation station (c)
28

 
35

 
100

 
100

Additional prescribed EBITDA (d)
—

 
—

 
—

 
10

Expenses related to unplanned generation station outages
—

 
4

 
—

 
83

Consolidated EBITDA
$
298

 
$
390

 
$
1,546

 
$
1,956

___________
(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 DIP Facility agreement, twelve months ended March 31, 2015 results are comprised of May 2014 through March 2015 actual results plus an additional prescribed consolidated EBITDA amount for April 2014.








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