Wednesday, February 7, 2018

Dallas, TX-Based Natural Gas Distributor Atmos Energy Gets My Gold Star For Being the Only Regulated Co So Far To Be Financially Transparent and Disclosing the Amount of Its US Federal Income Tax Debt Forgiveness Due To the Trump Tax Bill ....................................................................................... Other Companies With Regulated Activities like the Normal Utility Companies Should Consider Being Fully Financially Transparent With Their Utility Customers in the Way That Atmos Energy is Here in its Recent 10Q Filed With the SEC, a Key Paragraph of Which I'll Copy Here "The decrease in the federal statutory income tax rate reduced our net deferred tax liability by $908.1 million. Of this amount, $746.2 million relates to regulated operations and has been recorded as a regulatory liability, which will be returned to utility customers. The period and timing of these revenue adjustments are subject to Internal Revenue Code provisions and regulatory actions in each of the eight states in which we operate. The remaining $161.9 million has been reflected as a one-time income tax benefit in our condensed consolidated statement of income because these taxes were not considered in our cost of service ratemaking."