FCC 32.7210 Revised as of October 1, 2006
Goto Year:2005 |
2007
Sec. 32.7210 Operating investment tax credits—net.
(a) This account shall be charged and Account 4320, Unamortized Operating
Investment Tax Credits—Net, shall be credited with investment tax credits
generated from qualified expenditures related to regulated operations which
the company defers rather than recognizes currently in income.
(b) This account shall be credited and Account 4320 shall be charged ratably
with the amortization of each year's investment tax credits included in
Account 4320 for investment services for ratemaking purposes. Such
amortization shall be determined in relation to the period of time used for
computing book depreciation on the property with respect to which the tax
credits relate.
[ 51 FR 43499 , Dec. 2, 1986, as amended at 67 FR 5698 , Feb. 6, 2002]
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