62-133.12B. Computation of income tax expense for ratemaking purposes; taxable contributions.
A water or wastewater public utility is solely responsible for funding the income taxes on taxable contributions in aid of construction and customer advances for construction and shall record the income taxes the water or wastewater utility pays in accumulated deferred income taxes for accounting and ratemaking purposes. (2021-23, s. 25; 2021-76, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 7 - Rates of Public Utilities.
§ 62-130 - Commission to make rates for public utilities.
§ 62-131 - Rates must be just and reasonable; service efficient.
§ 62-133.1 - Small water and sewer utility rates.
§ 62-133.1A - Fair value determination of government-owned water and wastewater systems.
§ 62-133.1B - Water and Sewer Investment Plan ratemaking mechanism authorized.
§ 62-133.2 - Fuel and fuel-related charge adjustments for electric utilities.
§ 62-133.4 - Gas cost adjustment for natural gas local distribution companies.
§ 62-133.5 - Alternative regulation, tariffing, and deregulation of telecommunications utilities.
§ 62-133.6 - Environmental compliance costs recovery.
§ 62-133.7A - Rate adjustment mechanism for natural gas local distribution company rates.
§ 62-133.8 - Renewable Energy and Energy Efficiency Portfolio Standard (REPS).
§ 62-133.9 - Cost recovery for demand-side management and energy efficiency measures.
§ 62-133.11 - Rate adjustment for changes in costs based on third-party rates.
§ 62-133.12A - Customer usage tracking rate adjustment mechanisms for water and wastewater rates.
§ 62-133.12B - Computation of income tax expense for ratemaking purposes; taxable contributions.
§ 62-133.16 - Performance-based regulation authorized.
§ 62-133.20 - Cleanfields renewable energy demonstration parks.
§ 62-134 - Change of rates; notice; suspension and investigation.
§ 62-135 - Temporary rates under bond.
§ 62-137 - Scope of rate case.
§ 62-139 - Rates varying from schedule prohibited; refunding overcharge; penalty.
§ 62-140 - Discrimination prohibited.
§ 62-141 - Long and short hauls.
§ 62-142 - Contracts as to rates.
§ 62-143 - Schedule of rates to be evidence.
§ 62-144 - Free transportation.
§ 62-145 - Rates between points connected by more than one route.
§ 62-146 - Rates and service of motor common carriers of property.
§ 62-146.1 - Rates and service of bus companies.
§ 62-148 - Rates on leased or controlled utility.
§ 62-149 - Unused tickets to be redeemed.
§ 62-150 - Ticket may be refused intoxicated person; penalty for prohibited entry.
§ 62-151 - Passenger refusing to pay fare or violating rules may be ejected.
§ 62-152.1 - Uniform rates; joint rate agreements among carriers.
§ 62-152.2 - Standard transportation practices.
§ 62-153 - Contracts of public utilities with certain companies and for services.
§ 62-154 - Surplus power rates.
§ 62-155 - Electric power rates to promote conservation.
§ 62-156 - Power sales by small power producers to public utilities.
§ 62-157 - Telecommunications relay service.
§ 62-158 - Natural gas expansion.
§ 62-159 - Additional funding for natural gas expansion.