Public Utility Transmission Rate Changes To Address Accumulated Deferred Income Taxes
other · US Department of Energy · Published 2020-05-11 · Effective 2019-11-27 · 85 FR 27681
Document
Document number
2020-08634
Federal Register citation
85 FR 27681
CFR reference
18 CFR 35
Type
Rule
Action
Order on rehearing and clarification.
Category
other
Sub-agency
US Department of Energy
Publication date
2020-05-11
Effective date
2019-11-27
Energy docket
Docket No. RM19-5-001
Abstract
The Federal Energy Regulatory Commission (Commission) addresses requests for rehearing and clarification and reaffirms its determinations in Order No. 864. In Order No. 864, the Commission required public utilities with transmission formula rates to propose tariff revisions to implement certain excess and deficient accumulated deferred income taxes (ADIT)-related mechanisms in their transmission formula rates as a result of the Tax Cuts and Jobs Act of 2017 (Tax Cuts and Jobs Act). The Commission continued to require public utilities with transmission stated rates to address excess and deficient ADIT resulting from the Tax Cuts and Jobs Act in their next rate cases.