In this podcast, Sal Montalbano (PwC US Power & Utilities Tax Leader), and Scott McCandless (PwC Principal, Washington National Tax Services), discuss tax proposals under new legislative efforts that will take place in the fall and the impacts those tax proposals would have on the power & utilities sector. A corporate tax rate increase hasn't happened in decades and the analysis will be different than what was done for the TCJA rate decrease. 

The accounting for the tax rate increase is complex.  Would accounting net against the existing regulatory liability?  Will there be new regulatory assets?  How soon would an unprotected regulatory asset be recovered vis-a-vis how quickly the unprotected EDT is being given back?  Would any of the rate increase be protected or will it all be unprotected?

Please reach out to Sal Montalbano with any questions.