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<br />Allocation: Property taxes are classified as Joint costs. They will be reallocated as 55 <br />percent Power-Related and 45 percent Water-Related. <br /> <br />C. Calculation of Wholesale Customers' Share of Hetch Hetchv Enterprise <br />Expenses. The Water Enterprise's share of Hetch Hetchy Enterprise expenses consist of 100 <br />percent of Water-Only expenses and the Water-Related portion (45%) of Joint expenses. <br />The Wholesale Customers' share of the sum of the Water Enterprise's share of Hetch <br />Hetchy Enterprise expenses determined under subsection B shall be calculated by multiplying <br />that dollar amount by Adjusted Proportional Annual Use. <br /> <br />5.09 Hetch Hetchv Enterprise Capital Costs <br /> <br />A. Introduction. Wholesale Customers are also allocated a share of Hetch Hetchy <br />Enterprise capital costs. <br /> <br />B. Components of Capital Costs. The components of Hetch Hetchy Enterprise <br />capital costs are as follows: <br />1. Existinq Assets Cost Recoverv. The Wholesale Customers' repayment of <br />their share of Hetch Hetchy Existing Assets (Water-Only and the Water-Related portion [45 <br />percent] of Joint assets) is shown on Attachment K-4 accompanying Section 5.03. <br /> <br />2. Debt Service on New Assets. The Water Enterprise will be assigned 100 <br />percent of Net Annual Debt Service attributable to acquisition and construction of New Hetch <br />Hetchy Enterprise assets that are Water-Only and the Water-Related portion (45 percent) of Net <br />Annual Debt Service on New Hetch Hetchy Enterprise Joint assets. The provisions of Section <br />5.04.A apply to debt service on New Hetch Hetchy Enterprise assets. <br /> <br />3. Revenue-Funded Capital Additions. The Water Enterprise will be <br />assigned 100 percent of capital expenditUres from revenues for New Hetch Hetchy Enterprise <br />assets that are Water-Only and the Water-Related portion (45 percent) of s~ch expenditures for <br />new Hetch Hetchy Enterprise Joint assets. The provisions of Section 5.04.B apply to the <br />payment of New revenue-funded Hetch Hetchy Enterprise assets. <br /> <br />C. Calculation of Wholesale Customers' Share of Hetch Hetchv Enterprise <br />Capital Costs. The Wholesale Customers' share of the Net Annual Debt Service and revenue <br />funded capital expenditures determined under subsections B.2 and 3 shall be calculated by. <br />multiplying that dollar amount by Adjusted Proportional Annual Use. <br /> <br />-47- <br /> <br />1840795.8 <br />