393.1000. Definitions.
Definitions.
393.1000. As used in sections 393.1000 to 393.1006, the followingterms mean:
(1) "Appropriate pretax revenues", the revenues necessary to producenet operating income equal to:
(a) The water corporation's weighted cost of capital multiplied bythe net original cost of eligible infrastructure system replacements,including recognition of accumulated deferred income taxes and accumulateddepreciation associated with eligible infrastructure system replacementswhich are included in a currently effective ISRS; and
(b) Recover state, federal, and local income or excise taxesapplicable to such income; and
(c) Recover all other ISRS costs;
(2) "Commission", the Missouri public service commission;
(3) "Eligible infrastructure system replacements", water utilityplant projects that:
(a) Replace or extend the useful life of existing infrastructure;
(b) Are in service and used and useful;
(c) Do not increase revenues by directly connecting theinfrastructure replacement to new customers; and
(d) Were not included in the water corporation's rate base in itsmost recent general rate case;
(4) "ISRS", infrastructure system replacement surcharge;
(5) "ISRS costs", depreciation expenses and property taxes that willbe due within twelve months of the ISRS filing;
(6) "ISRS revenues", revenues produced through an ISRS, exclusive ofrevenues from all other rates and charges;
(7) "Water corporation", every corporation, company, association,joint stock company or association, partnership, and person, their lessees,trustees, or receivers appointed by any court whatsoever, owning,operating, controlling, or managing any plant or property, dam or watersupply, canal, or power station, distributing or selling for distribution,or selling or supplying for gain any water to more than ten thousandcustomers;
(8) "Water utility plant projects" may consist only of the following:
(a) Mains, and associated valves and hydrants, installed asreplacements for existing facilities that have worn out or are indeteriorated condition;
(b) Main cleaning and relining projects; and
(c) Facilities relocations required due to construction orimprovement of a highway, road, street, public way, or other public work byor on behalf of the United States, this state, a political subdivision ofthis state, or another entity having the power of eminent domain providedthat the costs related to such projects have not been reimbursed to thewater corporation.
(L. 2003 H.B. 208)