Nev. Admin. Code § 704.975 - "Revenue requirement" defined
"Revenue requirement" means an amount equal to depreciation expense and carrying costs, and property taxes once the public utility which offers natural gas for resale incurs the property taxes. As used in this section:
1. "Carrying costs" means the
return on gas infrastructure expansion costs, adjusted for accumulated
depreciation and accumulated deferred income taxes, utilizing the public
utility's authorized pretax rate of return.
2. "Depreciation expense" means the return of
gas infrastructure expansion costs utilizing the public utility's authorized
rate of depreciation.
Notes
Section 1 of Senate Bill No. 151, chapter 59, Statutes of Nevada 2015, at page 251.
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