Examples of Yankee Gas in a sentence
Yankee Gas has an active environmental auditing and training program and believes that it is substantially in compliance with all enacted laws and regulations.
The PURA requires that the tax effect of certain property, plant and equipment related temporary differences that directly impact Yankee Gas' customers receive "flow-through" treatment.
Yankee Gas is involved in legal, tax and regulatory proceedings regarding matters arising in the ordinary course of business, which involve management's assessment to determine the probability of whether a loss will occur and, if probable, its best estimate of probable loss.
Flow-through treatment can result in effective income tax rates that are different than statutory income tax rates and therefore are part of the income tax rate reconciliation for Yankee Gas.
Gross receipts taxes levied by the state of Connecticut are collected by Yankee Gas from its customers.
Environmental Rate Recovery: Yankee Gas has a rate recovery mechanism for MGP related environmental costs, therefore, changes in environmental reserves do not impact Net Income.
The PURA allows Yankee Gas to accelerate the recovery of accounts receivable balances attributable to qualified customers under financial or medical duress (uncollectible hardship accounts receivable) outstanding for greater than 90 days.
Yankee Gas recorded $287.6 million of goodwill related to the acquisition of the parent of Yankee Gas in 2000.
However, when resolution of uncertainties results in Yankee Gas receiving interest income, any related interest benefit is recorded in Other Income, Net on the statements of income.
As an agent for the state and local governments, Yankee Gas collects certain sales taxes that are recorded on a net basis with no impact on the statements of income.