NAC704.7967. “Gas infrastructure replacement project revenue requirement” and “revenue requirement” defined.

     1. “Gas infrastructure replacement project revenue requirement” or “revenue requirement” means an amount equal to depreciation expense plus carrying costs, less the depreciation expense and carrying costs associated with the capital retirement of each gas infrastructure replacement project.

     2. As used in this section:

     (a) “Carrying costs” means the return on a gas infrastructure replacement project, adjusted for accumulated depreciation and accumulated deferred income taxes, utilizing the gas utility’s authorized pretax rate of return.

     (b) “Depreciation expense” means the return on a gas infrastructure replacement project utilizing the gas utility’s authorized rate of depreciation.

     (Added to NAC by Pub. Utilities Comm’n by R020-13, eff. 2-26-2014)