Attached files
| file | filename |
|---|---|
| EX-31.A - CERTIFICATION OF JOHN F. YOUNG - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit31a.htm |
| EX-99.A - TWELVE MONTHS ENDED JUNE 30, 2016 STATEMENT OF INCOME - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit99a.htm |
| EX-95.A - MINE SAFETY DISCLOSURES - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit95a.htm |
| EX-32.B - CERTIFICATION OF PAUL M. KEGLEVIC - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit32b.htm |
| EX-32.A - CERTIFICATION OF JOHN F. YOUNG - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit32a.htm |
| EX-31.B - CERTIFICATION OF PAUL M. KEGLEVIC - Energy Future Holdings Corp /TX/ | efh-2016630xexhibit31b.htm |
| 10-Q - FORM 10-Q - Energy Future Holdings Corp /TX/ | efh-6302016x10q.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. |