Accounting and Ratemaking Treatment of Accumulated Deferred Income Taxes and Treatment Following the Sale or Retirement of an Asset

Summary

The Federal Energy Regulatory Commission (FERC) has issued a policy statement on the accounting and ratemaking treatment of accumulated deferred income taxes for Commission-jurisdictional utilities, pipelines, and the impact of the Tax Cuts and Jobs Act of 2017. The statement also addresses the treatment of accumulated deferred income taxes following the sale or retirement of an asset.