Form 11 - Public Service Company Franchise Tax Return Electric And Gas Companies Form

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2016
MARYLAND
FORM
PUBLIC SERVICE COMPANY FRANCHISE TAX RETURN
No.11
STATE OF MARYLAND
ELECTRIC AND GAS COMPANIES
DEPARTMENT OF ASSESSMENTS & TAXATION
FRANCHISE TAX UNIT
Report for the Calendar Year 2016
Date Received
by Department
301 West Preston Street
(File this report on or before March 15, 2017)
Baltimore, Maryland 21201-2395
This date may not be extended
__________________________________________________________________________________________________________
1. Name of Taxpayer ________________________________________________________________________________________________
2. Mailing Address ____________________________________________________________________Zip Code ______________________
3. State & Year of Incorporation (if Incorporated) _________________________________________________________________________
4. Department I.D. # __ __ __ __ __ __ __ __ __
Federal I.D. # __ __ __ __ __ __ __ __ __
(Required)
5. Franchise Tax Computation: As part of this return, attach financial statements and a copy of the entity’s annual report as submitted to the
regulatory authorities. FAILURE TO FILE THE REQUIRED SUPPORTING DOCUMENTS WILL CAUSE THE RETURN TO BE INCOMPLETE.
PUBLIC SERVICE COMPANY - ELECTRIC
A-I. Gross Receipts:
1. Total Electric Operating Revenues ……………………………………………………………………………… _____________________
2. Less: Gross charges from the sale of electricity ………………………………………. __________________
3. Less: Other Exclusion (Attach detailed schedule) ……………………...…………...... __________________
4. Total Operating Revenues excluded from gross receipts (Add lines 2 & 3) ..………………………………….. _____________________
5. Total Electric Operating Revenues subject to Franchise Tax (Subtract line 4 from line 1) ……………………. _____________________
6. Franchise Tax Rate ……………………………………………………………………………………………..
x
2%
7. Franchise Tax based on Gross Receipts (Multiply line 5 by line 6) ………………………………………… _____________________
A-II. Delivery:
8. Number of kilowatt hours of electricity delivered for final consumption in Maryland ………………………... _____________________
9. Franchise Tax Rate for each kWh ……………………………………………………………………………...
x
.00062
10. Franchise Tax Due based on Delivery (Multiply line 8 by line 9) …………………………………………….. _____________________
Credit for electricity delivered for final consumption to a single industrial
customer for use in a production activity at the same location in the State
11a. .00002 per kWh in excess of 500 million up to 1,500 million kWh ………………. __________________
b. .000455 per kWh in excess of 1,500 million kWh ………………………………... __________________
c. Total credit (Add lines 11a and 11b) ………………………………………………………………………… ______________________
12. Franchise Tax Due after Credit based on Delivery (Subtract line 11c from line 10) ……………………… ______________________
A-III. Total Franchise Tax Due:
13. Franchise Tax Due based on Gross Receipts (Enter line 7) ………………………………………………….. ______________________
14. Franchise Tax Due based on Delivery (Enter line 12) ……………………………………………………….. ______________________
15. Total Franchise Tax Due-Electric (Add lines 13 & 14) …………………………………….......
______________________
PUBLIC SERVICE COMPANY - NATURAL GAS
B-I. Gross Receipts:
1. Total Natural Gas Operating Revenues ………………………………………………………………………. ______________________
2. Less: Gross charges from sale of natural gas ……………………………………… ___________________
3. Less: Other Exclusion (Attach detailed schedule) ………………………………… ___________________
4. Total Operating Revenues excluded from gross receipts (Add lines 2 & 3) …………………………………. ______________________
5. Total Natural Gas Operating Revenues subject to Franchise Tax (Subtract line 4 from line 1) ……………... ______________________
6. Franchise Tax Rate …………………………………………………………………………………………...
x
2%
7. Franchise Tax based on Gross Receipts (Multiply line 5 by line 6) ……………………………………… ______________________

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