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
