§ 5-25 Granting of Utility Credit to Utilities; Audit.
RCNY § 5-25
(a)Utilities that have granted special rebates to eligible energy users, eligible owners or on-site cogenerators in accordance with 66 RCNY § 5-14 or discounts to vendors or NYCPUS in accordance with 66 RCNY § 5-15 shall be entitled to a utility credit equal to the aggregate amount of all such special rebates and discounts it has provided to eligible energy users, eligible owners, qualified eligible energy users, on-site cogenerators, vendors and/or NYCPUS, whichever is applicable.
(b)Such utility credit may be taken only as provided for in the Code, these rules and the rules promulgated by the commissioner of DOF, for the purpose of permitting utilities a deduction against certain taxes.
(c)The utility credit to which utility is entitled under ECSP will be provided by DOF in accordance with rules promulgated by the commissioner of DOF.
(d)DOF may audit, among other things, the utility credit taken by a utility to offset the special rebates and discounts such utility granted under ECSP to recipients, vendors and NYCPUS.
