Sec. 36.059. 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 electric or municipally owned utility.
(b) If an electric utility or a 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
Title 2 - Public Utility Regulatory Act
Subtitle B - Electric Utilities
Subchapter B. Computation of Rates
Section 36.051. Establishing Overall Revenues
Section 36.052. Establishing Reasonable Return
Section 36.053. Components of Invested Capital
Section 36.054. Construction Work in Progress
Section 36.055. Separations and Allocations
Section 36.056. Depreciation, Amortization, and Depletion
Section 36.057. Net Income; Determination of Revenues and Expenses
Section 36.058. Consideration of Payment to Affiliate
Section 36.059. Treatment of Certain Tax Benefits
Section 36.060. Consolidated Income Tax Returns
Section 36.061. Allowance of Certain Expenses
Section 36.062. Consideration of Certain Expenses
Section 36.063. Consideration of Profit or Loss From Sale or Lease of Merchandise
Section 36.064. Self-Insurance
Section 36.065. Pension and Other Postemployment Benefits
Section 36.066. Costs Related to Reporting on Safety Processes and Inspections for Certain Utilities