July 13, 2024

accumulated deferred income tax (ADIT)

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FERC Partly Grants Challenges to AEP Rates

FERC partially granted two challenges arguing that AEP subsidiaries in SPP and PJM had not properly reflected the benefits of filing consolidated tax returns in their 2021 formula rates.

© RTO Insider LLC
FERC OKs Duke Energy Rate Changes to Reflect Tax Cuts
FERC approved Duke Energy’s rate settlement with two co-ops to reflect lower corporate taxes enacted during the Trump administration.
Xcel Energy
PSCo, Idaho Power Comply with Show-cause Order
FERC has approved two Western utilities’ revisions to their transmission formula rate protocols in their response to a show cause proceeding begun last year.
FERC Directs More Clarity in Order 864 Filings
FERC partly rejected Order 864 compliance filings by NorthWestern, Duke Energy and PacifiCorp regarding changes caused by the Tax Cuts and Jobs Act of 2017.
FERC Finds Few Errors in Co-op’s Challenge of Ameren Illinois Rates
Southwestern Electric Cooperative got a few wins in its challenges to Ameren Illinois’ annual formula rate updates.
FERC Rejects Pepco, Delmarva Tx Rate Challenges
FERC rejected transmission rate challenges against Pepco and Delmarva Power & Light that questioned the accounting of the utilities' prepaid pension assets.
Challenge to Ameren Illinois Rate Rejected Again
FERC again denied Southwestern Electric Cooperative’s multiple challenges to Ameren Illinois’ 2017 update to its transmission rate formula.
FERC Ends Examinations of TO Tax Calculations
FERC terminated its investigations into the tax calculations included in transmission rates after several MISO transmission owners made compliance filings.
FERC Backs Cleco on Tax Rate Calculations
FERC dismissed a Louisiana city’s complaint that Cleco Power collected excess revenue because its rates did not immediately reflect the 2018 tax cut.
CORRECTED: FERC Acts on Transcos’ Revised Tax Calculations
FERC acted on tariff filings by more than a dozen transmission owners to correct how they calculate accumulated deferred income tax balances.

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