Tax Equity News

Dominion Takes on Normalization Rules | Norton Rose Fulbright - April 2016

Written by David Burton | April 2, 2016

Testimony on Feb. 23 to Virginia’s State Corporate Commission from an advisor to the commission described the strategy of Dominion’s Virginia Electric and Power Co. (VEPC) to escape the grasp of the Internal Revenue Code’s normalization rules that prohibit utility-owned and -operated solar projects from effectively using the investment tax credit (ITC).

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