Nev. Admin. Code § 704.150 - Carrying charges
1. Except as
otherwise provided in subsection 3, a carrying charge must be computed on the
current average monthly debit balance in the subaccount of FERC Account No.
182.3 or credit balance in the subaccount of FERC Account No. 254, for electric
operations, or FERC Account No. 191, for gas operations, and must be
respectively debited or credited to the account at the carrying charge rate of
one-twelfth of the overall rate of return as authorized by the Commission for
the particular department or division of the electric utility or gas utility,
adjusted for the federal income tax applicable to the equity component of the
overall rate of return computed at the applicable statutory rate. The rate of
the carrying charge must be applied to the entire balance in the subaccount of
FERC Account No. 182.3 or the subaccount of FERC Account No. 254, for electric
operations, or FERC Account No. 191, for gas operations, net of applicable
accumulated deferred income taxes, as follows:
Carrying charge = (carrying charge rate) x (average deferred energy balance for the month) x (1 - statutory income tax rate)
2. The contra entries for the
carrying charge must be made to:
(a) FERC
Account No. 419, if a credit; or
(b) FERC Account No. 431, if a
debit.
3. If, in any
month, the Nevada jurisdictional earned rate of return for an operating
department of the electric utility or gas utility exceeds the overall rate of
return last authorized by the Commission for that department, and if the
average monthly balance in FERC Account No. 182.3, for electric operations, or
FERC Account No. 191, for gas operations, is a debit, an adjustment amount will
be calculated equal to the amount which exceeds the utility's last authorized
rate of return. The Nevada jurisdictional earned rate of return will be
calculated quarterly using the 12-month period ending with the last month of
the quarter and will apply to the carrying charge calculation in each month of
that quarter. Carrying charges may accrue only on that portion of the debit
balance which exceeds the adjustment amount.
Notes
NRS 703.025, 704.185, 704.187, 704.210
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