As used in this chapter, 'pretax return' means the revenues necessary to:(1) produce net operating income equal to a public utility's weighted cost of capital multiplied by the net original cost of eligible distribution or collection system improvements; and(2) pay state and federal income taxes applicable to such income.As added by P.L.94-2000, SEC.1. Amended by P.L.209-2014, SEC.8; P.L.212-2015, SEC.6.
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