"Pretax Return"

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Sec. 5. As used in this chapter, "pretax return" means the revenues necessary:

(1) to produce net operating income equal to a public utility's weighted cost of capital multiplied by the net original cost of the eligible addition; and

(2) to pay state and federal income taxes applicable to the net operating income described in subdivision (1).

As added by P.L.137-2020, SEC.15.


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