Sec. 53.059. 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 commission shall:
(1) balance equitably the interests of present and future customers; and
(2) apportion accordingly the benefits between consumers and the public utility.
(b) If a public 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 C - Telecommunications Utilities
Subchapter B. Computation of Rates
Section 53.051. Establishing Overall Revenues
Section 53.052. Establishing Reasonable Return
Section 53.053. Components of Invested Capital
Section 53.054. Construction Work in Progress
Section 53.055. Separations and Allocations
Section 53.056. Depreciation, Amortization, and Depletion
Section 53.057. Net Income; Determination of Revenues and Expenses
Section 53.058. Consideration of Payment to Affiliate
Section 53.059. Treatment of Certain Tax Benefits
Section 53.060. Computation of Income Tax; Consolidated Return
Section 53.061. Allowance of Certain Expenses
Section 53.062. Consideration of Certain Expenses
Section 53.063. Consideration of Profit or Loss From Sale or Lease of Merchandise
Section 53.064. Self-Insurance
Section 53.065. Interexchange Services; Rates of Incumbent Local Exchange Company