Section 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.Nev. Admin. Code § 704.975
Added to NAC by Pub. Utilities Comm'n by R116-15, eff. 4/4/2016Section 1 of Senate Bill No. 151, chapter 59, Statutes of Nevada 2015, at page 251.