Cover of: Description of H.R. 1049, the Utility Ratepayer Refund Act of 1987 |

Description of H.R. 1049, the Utility Ratepayer Refund Act of 1987

scheduled for a public hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means on December 14, 1987
  • 11 Pages
  • 2.33 MB
  • English

Joint Committee on Taxation , [Washington, D.C
Public utilities -- Rates -- Law and legislation -- United States., Consumer protection -- Law and legislation -- United States., H.R. 1049 100th Cong
Other titlesUtility Ratepayer Refund Act of 1987
Statementprepared by the staff of the Joint Committee on Taxation.
ContributionsUnited States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures., United States. Congress. Joint Committee on Taxation.
LC ClassificationsKF4939.5.T39 A2 1987, vol. 1, tab 23
The Physical Object
Pagination11 p. ;
ID Numbers
Open LibraryOL23759736M

Description Of H.R (The Utility Ratepayer Refund Act Of ) Scheduled for a Public Hearing Before the Subcommittee on Select Revenue Mea JCX (Decem ) Comparison Of Revenue Provisions Of H.R (Airport And Airway Revenue Act Of ) As Passed The House And The Senate Prepared for the Confe.

an opportunity to earn a return necessary for it to provide utility service. The Court stated: “The return should be reasonably sufficient to assure confidence in the financial soundness of the utility, and should be adequate, under efficient and economical.

(2) conditioned on refund. (d) The gas utility shall refund or credit against future bills: (1) money collected under the bonded rates in excess of the rate finally ordered; and (2) interest on that money, at the current interest rate as determined by the regulatory authority.

Acts75th Leg., ch.Sec. 1, eff. Sept. 1, Sec. Refunds for Utility Customer Credit Balances Policies and Procedures – Page 1 Updated: April Refunds for Utility Customer Credit Balances Policies and Procedures Purpose: Water and sewer services are irrevocable.

However, the City realizes that exceptional circumstances can take place that may require credit adjustments. Whenever an order for utility service disconnection due to delinquency or nonpayment of any charges has been delivered to the utility service technician and a deposit is not being held by the city for the service, a deposit will be required for continuation of the particular Description of H.R.

1049 service. [Ord. § 2, ]. According to the Texas Administrative Code, a predominant usage study must determine the portion of your business's electricity usage that is required to power the production or transformation of products or other tax exempt activities.

If 50 percent or more of your utility bill goes towards tax exempt operations, you're in luck. You qualify for a sales tax exemption.

Description Description of H.R. 1049, the Utility Ratepayer Refund Act of 1987 EPUB

basis for setting the overall level of the utility’s rates. Revenue requirement is the amount of gross revenues needed by the utility to cover its operating expenses, book depreciation, return, taxes, etc.

It should be pointed out that utilities in California recover a large portion of their revenue. If a utility has a capital structure of 50% debt, as regulators encourage, then: rr rd + re. Where: rd = return on debt and re = return on equity.

So if the utility is allowed an 8% overall rate of return and obtains debt for 5% (rd), its return on equity will be 11% (re). If the allowed rr is raised to 9%, then the re will be 13%. how the Act affects you and your utility service. Responsible Utility Customer Protection Act InThe General Assembly passed and the Governor signed House Bill /Act ofto reauthorize the year-old “Responsible Utility Customer Protection Act,” Chapter 14 of the Public Utility Code for another 10 years.

(f) A customer wants to compare her utility bills to that of all other customers residing in her neighborhood. According to G.S. (c), “billing information compiled and maintained by a city or county or other public entity providing utility services in connection with the ownership or operation of a public enterprise, excluding airports.

•Utility Basis (cont‟d) –Return on Investment (ROI) •Intended to pay annual interest cost or provide a fair return for capital investments •There is no single optimal method for determining a fair or reasonable rate of return –Utility basis implies allocating expenses among customer classes.

This can also be achieved. The return on invested capital is the rate of return times invested capital.

(1) Rate of return. The commission shall allow each electric utility a reasonable opportunity to earn a reasonable rate of return, which is expressed as a percentage of invested capital, and shall fix the rate of return in accordance with the following principles.

utility’s financial position. This allows management to measure performance using financial statements that better represent actual circumstances. With cash accounting, the financial statements may be showing favorable results while the utility is struggling because expenses are accruing, but not yet paid.

The utility must send by mail or email, a statement of intent to the regulatory authority (i.e., a city and/or the PUC) and each ratepayer at least 35 days prior to the effective date, which must be the first day of a billing period.

The notice must contain the same billing comparisons currently required under the TCEQ rules. utilities, the HCV program calculates a Utility Allowance.

THE AMOUNT OF RENTAL ASSISTANCE a PHA gives a household also depends on the household size and composition. AN HCV HOUSEHOLD may include a live-in aide. 58 | Section 8 Made Simple Chapter 6: Determining the Total Tenant Payment and the Housing Choice Voucher Rent Subsidy |   Excess deferred taxes were created when this act reduced the maximum corporate income tax rate from 46 percent to 34 percent and thereby cancelled some future expected income tax payments of.

“If the utility invests in expensive new facilities, its costs will grow faster than its revenues, so it has an incentive to constrain expenditures,” the book explains. The impact on a $1 billion utility with debt/ equity might look like this: For utility with revenue 3 x EBITDA, customer rates would decrease ~ %.

Revenue requirement down (O&M expense unaffected) Tax gross-up reduced Net income unchanged Tax Rate35% 21% Chg Revenue Requirement ($ Millions). carefully evaluate utility requests for additional surcharges on a case-by-case basis to determine whether there is a proper balance of meeting utility needs and assuring ratepayer protections.

A surcharge is an additional fee imposed on a ratepayer’s utility bill in addition to the base rate charge for utility service. In California, landlords don't get to make a profit from utility service.

Download Description of H.R. 1049, the Utility Ratepayer Refund Act of 1987 PDF

When a landlord bills tenants for utility usage, he must charge the same amount as the utility company. Description of H.R. (Utility Ratepayer Refund Act of ) and H.R. (Utility Customer Refund Act of ): scheduled for a hearing before the Committee on Ways and Means on October 4, Item Preview.

The president on Decemsignedinto law H.R. 1, originally known as the “Tax Cuts and Jobs Act.” The new law represents the culmination of a lengthy process in pursuit of business tax reform over the course of more than 20 years.

The legislation includes substantial changes to the taxation of individuals as well as U.S. Utility refund audits are performed by NUR's auditing team. Perform a Free utility bill audit to identify errors and recapture money owed to you. Utility Refund Audit overcharge and refunds from the Utility Refund Company through a Utility Bill Audit.

Many utility companies offer tips to customers for conserving electricity, water, and gas. Usually, they're on the company's website or in their bill inserts or brochures. Find out if your utility company offers a budget billing plan.

This plan allows you to pay a flat fee each month for services and can help you budget your monthly expenses. (a) To reduce ratepayer costs of those utility ratepayers harmed by the actions of the settling parties.

To the extent the ratepayers of the investor-owned utilities were harmed, the settlement funds shall be directed to reduce their costs, to the maximum extent possible, through reduction of rates or the reduction of ratepayer debt obligations incurred as a result of the. Author of Description of H.R.

(Utility Ratepayer Refund Act of ) and H.R. (Utility Customer Refund Act of ), Miscellaneous reconciliation issues proposed by the administration and various House committees relating to tax treatment of Overseas Private Investment Corporation, exclusions for certain overseas allowances received by Defense.

Sections (e),and (a) of the Tax Reform Act of (Public Law ) may be obtained from the Internal Revenue Service. Sec. NAC is hereby amended to read as follows: rate of return of the utility as established by the Commission.

Adopted Regulation R 2. Table of Contents Executive Summary 4 I. EEI’s Revenue, Expenses, Actions - and Why Ratepayers Shouldn’t Be Paying for It 8 II. Utility.

Details Description of H.R. 1049, the Utility Ratepayer Refund Act of 1987 EPUB

The Energy Policy Act of (the Act) permitted the generation and sale of wholesale power by “exempt wholesale generators” without being subject to the Public Utility Holding Company Act of (PUHCA); however, the sale of this power remains subject to regulation under the Federal Energy Regulatory Commission (FERC).

The. Creditors are not simply going to ignore your utility debts. They will eventually come back to haunt you one day. Firstly, your account will fall 30 days past due. This is not too much of a problem. You will get charged a late fee and you might get a courtesy call from your bank reminding you to pay your utility bill.

Ann Yoshiura, Taxpayers Procedural Safeguards Act (Oversize; see Box ). Technical and Miscellaneous Revenue Act– Technical Corrections Act– Treasury Department– Jeff Trinca– Unrelated Business Income Tax, Utility Ratepayer Refund Act– H.R.

(th) was a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. This bill was introduced in the th Congress, which met from Jan 6, to Legislation not enacted by the end of a Congress is cleared from the books.If no return was filed, within two years from the time the tax was paid; Requirements To request a refund, submit an amended tax return or the appropriate form in the NYC-UTX series.

No interest is paid by Finance on Utility Tax refunds.