Nevada Administrative Code
Chapter 704 - Regulation of Public Utilities Generally
ACCOUNTING PRACTICES AND RATE MAKING FOR CERTAIN UTILITIES
Adjustment of Rates in Conformity With Federal Tax Reform
Section 704.6506 - "Average rate assumption method" defined
Universal Citation: NV Admin Code 704.6506
Current through December 31, 2024
"Average rate assumption method" means the method under which the excess tax reserve is reduced over the remaining lives of the property as used in the utility's regulated books of account which gave rise to the reserve for deferred income taxes, as noted in section 203(e), "Excess Deferred Taxes Related to Changes in Tax Rates," of the Tax Reform Act of 1986.
Added to NAC by Pub. Service Comm'n, eff. 8-31-89
NRS 703.025, 704.210
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