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January 30, 2023
Home » FERC Broadens Challenge to TOs’ Tax Calculations
By Amanda Durish Cook FERC on Thursday identified 13 additional transmission owners it said should change accounting practices that could inflate rates by underestimating tax credits. The commission ordered a Section 206 proceeding investigating the companies’ use of a double averaging formula to calculate accumulated deferred income taxes (ADIT) (EL18-155,...
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