Canyon Creek Compression Company
Third Revised Volume No. 1
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Effective Date: 07/01/2003, Docket: RP02-356-003, Status: Effective
First Revised Sheet No. 201 First Revised Sheet No. 201 : Effective
Superseding: Original Sheet No. 201
GENERAL TERMS AND CONDITIONS
(c) Taxes Other Than Income (Account 408);
(d) Return on Rate Base - shall be computed by
multiplying one-half of Canyon's Overall Rate of Return by the
Rate Base calculated pursuant to Section 37.6 herein.
(e) Income Taxes - shall be calculated by multiplying
one-half the sum of Return on Rate Base and the Tax Adjustment, by
the Grossed-Up Tax Rate.
(i) Tax Adjustment shall mean the amount
calculated by multiplying one-half of the Depreciation Rate by the
Plant AFUDC - Equity.
(ii) Grossed-Up Tax Rate shall mean the factor
equal to 0.515152 that results from dividing the corporate federal
income tax rate of 34% by its reciprocal after-tax rate of 66%.
37.6 RATE BASE
The Rate Base shall be the sum of the balances for the
(a) Gas Plant in Service (Accounts 101 - 106);
(b) Accumulated Depreciation and Amortization
(Accounts 108 and 111);
(c) Working Capital, Materials & Supplies (Account
154) and Prepayments (Account 165);
(d) Accumulated Deferred Income Taxes (Accounts 190,
282 and 283, except non-rate base items);
(e) Regulatory Assets (Account 182.3, except ACA); and
(f) Regulatory Liabilities (Account 254, except SFAS
109 - Excess Deferred Income Taxes).
(g) The principal amount of the unamortized excess
deferred income tax balance.