PTR | = | ((WCCE + WCPE) x GRCF) + WCLTD + WCSTD |
GRCF | = | 1 |
(1 - (PPTRIT+ SIT)) x (1 - FIT) |
Where:
GRCF | = | Gross Revenue Conversion Factor. |
PPTRIT | = | Illinois Personal Property Tax Replacement Income Tax rate in effect at the time of the filing. |
SIT | = | Illinois State income tax rate in effect at the time of the filing. |
FIT | = | Federal income tax rate in effect at the time of the filing. |
PTR | = | Pre-tax return. |
WCCE | = | Weighted cost of common equity approved in the utility's last rate case proceeding. |
WCPE | = | Weighted cost of preferred equity approved in the utility's last rate case proceeding. |
WCLTD | = | Weighted cost of long term debt and credit facilities fees approved in the utility's last rate case proceeding. |
WCSTD | = | Weighted cost of short term debt approved in the utility's last rate case proceeding. |
Ill. Admin. Code tit. 83, § 556.50