The Federal Energy Regulatory Commission (FERC) issued a pair of orders in response to tariff revisions requested by a public utility (petitioner), approving the use of a procurement company subsidiary to facilitate the cash flow deferral of sales tax while preserving the petitioner’s rate base related to invested capital.
The two orders are: Duke Energy Carolinas, LLC, 181 FERC ¶ 61,215 (December 15, 2022) and Duke Energy Florida, LLC, 181 FERC ¶ 61,217 (December 15, 2022).
Source: KPMG
Latest Posts in "United States"
- Louisiana Sales Tax Applies to Various Services Including Lodging, Admissions, and Telecommunications
- Missouri DOR Exempts Municipal Concession Sales from Sales Tax at Recreational Facilities
- Illinois DOR Clarifies Sales Tax Exemption for Travel Magazines in New Guidance Letter
- Colorado DOR Repeals Redundant Sales Tax Exemption Rule for School Sales
- US-Japan Agreement updated and public comment period open for Section 301 extensions
