Extract to table

These additional components include: • Cash working capital — computed on the basis of a lead-lag study that examines the timing differences between when Ridgeline receives revenues from its shippers and when it must pay its operating expenses, including fuel, power, labor, materials, and other costs

0625% represents the blended rate of return that Ridgeline must earn on its rate base in order to provide a just and reasonable return to its equity owners and to service its debt obligations

Under this methodology, the income tax allowance is calculated on the equity return portion of the cost of service — that is, the income tax allowance reflects the income taxes that must be paid on the equity component of the return, grossed up to account for the fact that the income taxes themselves are also subject to taxation

Circuit held that the Commission must adequately justify allowing an income tax allowance for partnership-owned pipelines