Energy Future Competitive Holdings Co LLC - FORM 10-Q - EX-99.B - EXHIBIT 99.B TCEH EBITDA - August 2, 2016

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EX-32.B - EXHIBIT 32.B 906 CFO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32b-906certificatio.htm
10-Q - 10-Q - Energy Future Competitive Holdings Co LLCefch-6302016x10q.htm
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 DISCLOSURE - Energy Future Competitive Holdings Co LLCexhibit95a-minesafetydiscl.htm
EX-32.A - EXHIBIT 32.A 906 CEO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit32a-906certificatio.htm
EX-31.B - EXHIBIT 31.B 302 CFO CERTIFICATION - Energy Future Competitive Holdings Co LLCexhibit31b-302certificatio.htm
EX-31.A - EXHIBIT 31.A 302 CERTIFICATION OF CEO - 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,
 
2016
 
2015
 
2016
 
2015
Net loss
$
(842
)
 
$
(1,550
)
 
$
(3,969
)
 
$
(6,653
)
Income tax expense (benefit)
6

 
(399
)
 
(474
)
 
(2,168
)
Interest expense and related charges
679

 
636

 
1,332

 
1,279

Depreciation and amortization
302

 
434

 
720

 
1,048

EBITDA
$
145

 
$
(879
)
 
$
(2,391
)
 
$
(6,494
)
Amortization of nuclear fuel
61

 
77

 
129

 
146

Purchase accounting adjustments (a)
6

 
(9
)
 
(1
)
 
2

Impairment and write-off of other assets
41

 
735

 
1,934

 
5,654

Impairment of goodwill
—

 
700

 
1,500

 
2,300

EBITDA amount attributable to consolidated unrestricted subsidiaries
(8
)
 
(18
)
 
(17
)
 
(30
)
Unrealized net (gain) loss resulting from hedging transactions
253

 
(74
)
 
208

 
(254
)
Transition and business optimization costs
8

 
7

 
15

 
15

Reorganization items (b)
52

 
114

 
39

 
211

Restructuring and other
44

 
11

 
50

 
13

Expenses incurred to upgrade or expand a generation station (c)
77

 
70

 
100

 
100

Expenses related to unplanned generation station outages
—

 
(5
)
 
—

 
55

Acquired EBITDA (d)
20

 
—

 
146

 
—

Consolidated EBITDA
$
699

 
$
729

 
$
1,712

 
$
1,718

___________
(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)
Six and twelve months ended June 30, 2016 represent Consolidated EBITDA associated with the Lamar and Forney generation assets for the periods January 1, 2016 through March 31, 2016 and July 1, 2015 through March 31, 2016, respectively.








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