04-A TXU Gas Statmt of Intent - Laserfiche WebLink

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SUMMARY OF TESTIMONY Witness: Marc D. Moseley Background: Received Bachelor of Business Administration degree in Accounting in 1972 and is a Certified Public Accountant in the State of Texas. Employed by Dallas Power & Light in 1974. Worked in Corporate Accounting, General Accounting, Regulatory Accounting, and Accounting Services departments. Held positions of Assistant Controller and Controller prior to being elected Vice President in the Regulatory department in 1996. Became Vice President of Accounting Support for the Oncor Group in March 2003. Has previously provided testimony before the Public Utility Commission of Texas on accounting- related matters in Docket Nos. 25230, 22350, 21527, 18490, 15195, 11735, 9300, 5640, 5330, and 5256. Purpose of Testimony: (1) Discuss the appropriate accounting under Generally Accepted Accounting Practices ("GAAP") for regulatory assets in general; (2) Describe the Company's regulatory assets and the specific accounting treatment that is being requested for these assets; (3) Demonstrate that these regulatory assets were created and are being amortized in accordance with GAAP; and (4) Show that the regulatory treatment proposed by the Company enables it to recover its regulatory assets in a way that is fair to the Company and its customers. Key pOints/Issues: The Company, in this proceeding, has identified and should be able to recover through rates the costs related to: · the transition obligation related to Other Post Employment Benefits, · the 1997 Enhanced Retirement Plan, · the 1999 Early Retirement and Voluntary Severance Plans, · the Winning Innovative Services Program · the Safety Compliance Program, and Moseley - Summary of Testimony Page 1 of 2