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 704.6546 - Use of separate-entity method by utility members of consolidated group
Universal Citation: NV Admin Code 704.6546
Current through December 31, 2024
1. In computing federal income taxes, utility members of a consolidated group must use a separate-entity method, rather than a consolidated-company approach which includes impacts of nonutility and affiliated operations.
2. As used in this section, "consolidated group" means the combination of two or more affiliated corporations or enterprises for the purposes of financial statements, income tax returns, or both, which may include utility and nonutility operations or entities.
Added to NAC by Pub. Service Comm'n, eff. 8-31-89
NRS 703.025, 704.210
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