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.
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