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        REVIEW OF DISTRIBUTION LOSS & RECOVERED BACKBILLINGS                
                                 
DISTRIBUTION LOSS (KWH & REVENUE) RECOVERY (CIVILIAN)                  
  AS OF 8/31/05                      
    Recovery Date                                
No. Description FY'03 FY'04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 YTD FY2005 Grand Total (kwh)
1. 3-Phase Meter Accounts Review 26,410 2,050,002                       - 2,076,412
2. Customer Service Review of Accounts 664,735 686,374 73,767 68,662   61,032   233,447 93,639   2,918 -   533,465 1,884,574
3. JDE Fail Edit Exception Review-Unbilled Accts 400,389 1,604,515                       - 2,004,904
4. Meter Master Review of "KH" Field 27,944                         - 27,944
5. Non-Registering Meters (Ongoing) 667,538 1,251,731 78,479 100,148   37,843 145,637 141,249 271,914 334,399 207,974 158,454 121,757 1,476,097 3,395,366
6. Typhoon Pongsona WO/Unbilled Accts. 551,158                         - 551,158
7. Active Accts.w/Rate Schedule Change                           - -
8. Unlisted Consuming Meters   1,301,877 101,095 6,320 120,882 69,741     50,120   50,212 -   398,370 1,700,247
Grand Total 2,338,174 6,894,499 253,341 175,130 120,882 168,616 145,637 374,696 415,673 334,399 261,104 158,454 121,757 2,407,932 11,640,605
Gross Generation 1,688,928,000 1,862,318,000 161,950,240 158,220,473 161,574,052 153,400,287 136,283,307 160,178,219 156,481,983 169,226,141 160,727,671 164,743,804 1,582,786,177 5,134,032,177
Approx. decrease in losses 0.14% 0.37% 0.16% 0.11% 0.07% 0.11% 0.11% 0.23% 0.27% 0.20% 0.16% 0.10%   0.15% 0.23%
REVENUE RECOVERY $ 367,380.77 $ 955,358.62 $ 39,193.87 $ 27,479.52 $ 15,136.00 $ 42,923.36 $ 23,804.67 $ 53,852.50 $ 62,421.67 $ 52,218.05 $ 37,766.78 $ 24,618.14 $ 19,174.04 $ 398,588.60 $ 1,721,327.99
DISTRIBUTION LOSS (KWH & REVENUE) RECOVERY - (NAVY)                    
    As of 8/31/05                      
    Recovery Date                                  
No. Description FY'04 Oct-04                         Grand Total (kwh)
1 Correction of metering problems on T009 and T014 6770810 620015                          
Grand Total 6,770,810 620,015                         7,390,825
Gross Generation 1,862,318,000 161,950,000                         2,024,268,000
Approx. decrease in losses 0.36% 0.38%                         0.37%
*Additional Revenue $ 673,361.24 $ 54,475.14 $ 727,836.38
*Adjustment based on avg. KWH and KW for the actual periods Nov. 04 to Feb. 05
presented to U.S. Navy on 4/15/05 for their review and final acceptance.
Final adjustment after reducing the demand charges was for $727,836 and billed to USN on Aug. 17, 2005
***Changes made as of 7/19/05