"Pretax return"

Sec. 3. As used in this chapter, "pretax return" means the TDSIC revenues necessary to: (1) produce net operating income equal to the public utility's weighted cost of capital multiplied by investments in eligible transmission, distribution, and storage system improvements; (2) pay state and federal income taxes imposed on the net operating income calculated under subdivision (1); and (3) pay state utility receipts taxes associated with TDSIC revenues. As added by P.L.133-2013, SEC.5.