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§ 6-308. Construction allowances

West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2018

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 6. Business Structure (Refs & Annos)
Subtitle 3. Acquisition of Water Companies and Sewage Disposal Companies (Refs & Annos)
Effective: October 1, 2018
MD Code, Public Utilities, § 6-308
§ 6-308. Construction allowances
Currentness
In general
(a) The cost of an improvement that an acquiring entity places in service after the acquisition shall accrue a construction allowance after the date the cost was incurred until the earlier of:
(1) 3 years after the improvement is placed in service; or
(2) the date the improvement is included in the acquiring entity's next base rate case.
Depreciation
(b) Depreciation on an acquiring entity's improvements after the acquisition shall be deferred for book and rate making purposes.

Credits

Added by Acts 2018, c. 219, § 1, eff. Oct. 1, 2018; Acts 2018, c. 220, § 1, eff. Oct. 1, 2018.
MD Code, Public Utilities, § 6-308, MD PUBLIC UTIL § 6-308
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document