§24-2A-2. Recovery of revenue deficiencies..
In order to provide the special reduced rates mandated or
authorized by sections one and five of this article and still
maintain the integrity of the earnings of the utilities offering
service under these rates, the commission shall each year,
determine, upon application by any affected utility, that utility's
revenue deficiency resulting from the special reduced rates. Upon
determining any utility's revenue deficiency, the commission shall
issue an order certifying the amount of that deficiency. Certified
revenue deficiencies shall be recovered by the affected utilities
as follows:
(1) A utility's certified revenue deficiency, if any,
resulting from the special reduced rates shall be allowed as a tax
credit against the liability of the utility pursuant to the
provisions of article thirteen-f of chapter eleven of this code.
(2) After allowance of a tax credit pursuant to the provisions
of article thirteen-f of chapter eleven, a utility's remaining
revenue deficiency, if any, resulting from the special reduced
rates, shall be allowed as a tax credit against the liability of
the utility pursuant to the provisions of section eleven, article
twenty-four of chapter eleven.