A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Utility Entitled to Expense Item After Change in Federal law
The Pennsylvania‐American Water Company (PAWC) filed a supplement to its approved tariff that was designed to increase annual revenue by about $21 million. In PAWC's petition, the question was presented as to whether a utility is entitled to an expense item for an increase in income taxes caused by a change in federal law that repealed the option of deducting bad debts from taxable income on the basis of a bad debt reserve accrual and declared the amounts listed in such reserves at the end of 1986 to be taxable income. The Public Utility Commission (PUC) had previously approved the amortization of such expenses, but in this case, it disallowed the expense. PAWC appealed, and the decision was reversed.
Utility Entitled to Expense Item After Change in Federal law
The Pennsylvania‐American Water Company (PAWC) filed a supplement to its approved tariff that was designed to increase annual revenue by about $21 million. In PAWC's petition, the question was presented as to whether a utility is entitled to an expense item for an increase in income taxes caused by a change in federal law that repealed the option of deducting bad debts from taxable income on the basis of a bad debt reserve accrual and declared the amounts listed in such reserves at the end of 1986 to be taxable income. The Public Utility Commission (PUC) had previously approved the amortization of such expenses, but in this case, it disallowed the expense. PAWC appealed, and the decision was reversed.
Utility Entitled to Expense Item After Change in Federal law
1993-07-01
1 pages
Article (Journal)
Electronic Resource
English
Utility Entitled to Return on Property It Funded
Wiley | 1992
Wiley | 1995
| Engineering Index Backfile | 1920
| Wiley | 1977