As discussed below, the amortization of ADITC
into income must be consistent with the method applicable to the taxpayer under the ITC normalization requirements of IRC section 46(f).
The agreement allows the company to accelerate the use of ADITC
if year-end return on common equity drops below 11.
0 million benefit from additional ADITC
amortization, while no additional amortization was recorded during the first quarter of 2015.
56 percent, ADITC
was not a factor in 1995's earnings.
The agreement will remain in effect until the year 2000 and allow the company to accelerate the use of ADITC if year-end return on equity drops below 11.
The next step will be to seek approval from the Idaho State Tax Commission and the Internal Revenue Service allowing the accelerated amortization of ADITC.
No use of additional accumulated deferred investment tax credits, or ADITCs, was required to produce these results.
35 per diluted share which now includes no expected use of additional ADITCs," added Keen.
This focus resulted in significant regulatory, operational, and financial success in 2012, without the need to amortize additional accumulated deferred investment tax credits, or ADITCs, available under an Idaho regulatory settlement agreement.
We believe our recent achievements position us well going into 2013 and beyond, and at this time we expect minimal use of additional ADITCs in 2013.