Sec. 104.056. TREATMENT OF CERTAIN TAX BENEFITS. (a) In determining the allocation of tax savings derived from liberalized depreciation and amortization, the investment tax credit, and the application of similar methods, the regulatory authority shall:
(1) balance equitably the interests of present and future customers; and
(2) apportion accordingly the benefits between consumers and the gas utility or municipally owned utility.
(b) If a gas utility or municipally owned utility retains a portion of the investment tax credit, that portion shall be deducted from the original cost of the facilities or other addition to the rate base to which the credit applied to the extent allowed by the Internal Revenue Code.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle A - Gas Utility Regulatory Act
Chapter 104 - Rates and Services
Subchapter B. Computation of Rates
Section 104.051. Establishing Overall Revenues
Section 104.052. Establishing Fair Rate of Return
Section 104.053. Components of Adjusted Value of Invested Capital
Section 104.054. Depreciation, Amortization, and Depletion
Section 104.055. Net Income; Allowable Expenses
Section 104.056. Treatment of Certain Tax Benefits
Section 104.057. Consideration of Certain Expenses
Section 104.058. Consideration of Profit or Loss From Sale or Lease of Merchandise
Section 104.059. Pension and Other Postemployment Benefits
Section 104.060. Consideration of Compensation and Benefit Expenses