These marketers may sell electricity into multiple states, including some in which they have not traditionally conducted business and are not subject to state regulation. In a regulated environment, states control the rates charged by utilities.
Many regulated utilities are subject to a gross receipts tax in the state in which they operate.
KPMG llp's State and Local Tax practice. The information contained in this newsletter is general in nature. Applicability to specific situations should be determined through consultation with your tax adviser. All rights reserved. 145200001914 in which the electric power industry is taxed.