"Pretax return"
Applied in 1 court decision — leading case NIPSCO Industrial Group, and, Indiana Office of Utility Consumer Counselor v. Northern Indiana Public Service Company (2015)
Most recently applied in NIPSCO Industrial Group, and, Indiana Office of Utility Consumer Counselor v. Northern Indiana Public Service Company (April 2015)
As added by P.L.133-2013, SEC.5.
Sec. 3. As used in this chapter, "pretax return" means the TDSIC revenues necessary to:
(1) produce net operating income equal to the public utility's weighted cost of capital multiplied by investments in eligible transmission, distribution, and storage system improvements;
(2) pay state and federal income taxes imposed on the net operating income calculated under subdivision (1); and
(3) pay state utility receipts taxes associated with TDSIC revenues.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.