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Y 4.W 36:102-45
Y

IRS WITHDRAWAL OF PROPOSED REGULATIONS CONCERNING THE

TREATMENT OF CONSOLIDATED SAVINGS UNDER THE NORMAL-
IZATION REQUIREMENTS OF THE INTERNAL REVENUE CODE

HEARING

BEFORE THE

SUBCOMMITTEE ON SELECT

REVENUE MEASURES

OF THE

COMMITTEE ON WAYS AND MEANS

HOUSE OF REPRESENTATIVES

ONE HUNDRED SECOND CONGRESS

FIRST SESSION

SEPTEMBER 11, 1991

Serial 102-45

Printed for the use of the Committee on Ways and Means

UNIVERSITY

STANFORD

AFI. 1992

U.S. GOVERNMENT PRINTING OPTICRECORD ONLY:

WASHINGTON :

51-140

DOCUMENTS

ONSSO

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For sale by the U.S. Government Print
Superintendent of Documents, Congressional Sales Office, Wasthi

ISBN 0-16-037582-4

20402

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DAN ROSTENKOWSKI, Illinois, Chairman SAM M. GIBBONS, Florida

BILL ARCHER, Texas J.J. PICKLE, Texas

GUY VANDER JAGT, Michigan CHARLES B. RANGEL, New York

PHILIP M. CRANE, Ilinois FORTNEY PETE STARK, California

DICK SCHULZE, Pennsylvania ANDY JACOBS, JR., Indiana

BILL GRADISON, Ohio HAROLD E. FORD, Tennessee

BILL THOMAS, California ED JENKINS, Georgia

RAYMOND J. MCGRATH, New York THOMAS J. DOWNEY, New York

ROD CHANDLER, Washington FRANK J. GUARINI, New Jersey

E. CLAY SHAW, JR., Florida MARTY RUSSO, Illinois

DON SUNDQUIST, Tennessee DON J. PEASE, Ohio

NANCY L. JOHNSON, Connecticut ROBERT T. MATSUI, California

JIM BUNNING, Kentucky
BERYL ANTHONY, JR., Arkansas

FRED GRANDY, Iowa
BYRON L. DORGAN, North Dakota
BARBARA B. KENNELLY, Connecticut
BRIAN J. DONNELLY, Massachusetts
WILLIAM J. COYNE, Pennsylvania
MICHAEL A. ANDREWS, Texas
SANDER M. LEVIN, Michigan
JIM MOODY, Wisconsin
BENJAMIN L. CARDIN, Maryland
JIM MCDERMOTT, Washington

ROBERT J. LEONARD, Chief Counsel and Staff Director

PHILLIP D. MOSELEY, Minority Chief of Staff

SUBCOMMITTEE ON SELECT REVENUE MEASURES

CHARLES B. RANGEL, New York, Chairman BYRON L. DORGAN, North Dakota

GUY VANDER JAGT, Michigan BARBARA B. KENNELLY, Connecticut DON SUNDQUIST, Tennessee MICHAEL A. ANDREWS, Texas

FRED GRANDY, Iowa
FORTNEY PETE STARK, California

ROD CHANDLER, Washington
BRIAN J. DONNELLY, Massachusetts
WILLIAM J. COYNE, Pennsylvania

(II)

CONTENTS

Page

2

American Gas Association, H. Steven Wagner

Arnold, G. Stephen, MidCon Corp., Lombard, IL, and Interstate Natural Gas

Association of America ..

Boyle, Joseph V., General Waterworks Corp., and National Association of

Water Companies ...

Causseaux, Ann, Florida Public Service Commission.

Dawson, Julie A., US West, Inc., and United States Telephone Association.

Diversified Utilities Group, Larry J. Newsome

Edison Electric Institute, Everett L. Morris and John D. McCallum

Florida Progress Corp., St. Petersburg, FL, Larry J. Newsome...

Florida Public Service Commission, Ann Causseaux

Florida Office of Public Counsel, Victoria A. Montanaro

General Waterworks Corp., Joseph V. Boyle....

GTE Telecommunications Products & Services, Terry S. Parker

Interstate Natural Gas Association of America, G. Stephen Arnold.

McCallum, John D., Potomac Electric Power Co., Washington, DC, and the

Edison Electric Institute....

MidCon Corp., Lombard, IL G. Stephen Arnold

Montanaro, Victoria A., Florida Office of Public Counsel

Morris, Everett L., Public Service Electric & Gas Co., Newark, NJ, and the

Edison Electric Institute....

National Association of Regulatory Utility Commissioners, Hon. Joseph

Rhodes, Jr .......

National Association of State Utility Consumer Advocates, Irwin A. Popowsky

National Association of Water Companies, Joseph V. Boyle.

National Fuel Gas Distribution Corp., Buffalo, NY, H. Steven Wagner..

Newsome, Larry J., Florida Progress Corp., St. Petersburg, FL, and Diversi-

fied Utilities Group...

Parker, Terry S., GTE Telecommunications Products & Services, and United

States Telephone Association

Pennsylvania Gas Association, Harrisburg, PA, H. Steven Wagner

Pennsylvania Office of Consumer Advocate, Irwin A. Popowsky.

Pennsylvania Public Utility Commission:

Hon. Joseph Rhodes, Jr....

Robert F. Wilson.....

Popowsky, Irwin A., Pennsylvania Office of Consumer Advocate, and National

Association of State Utility Consumer Advocates.

Potomac Electric Power Co., Washington, DC, John D. McCallum
Public Service Electric & Gas Co., Newark, NJ, Everett L. Morris..
Rhodes, Hon. Joseph, Jr., Pennsylvania Public Utility Commission, and Na-

tional Association of Regulatory Utility Commissioners..

Standard Group, Inc., Cornelia, GA, Dean Swanson..

Stodghill, LaBrenda Garrett, United States Telephone Association

Swanson, Dean, Standard Group, Inc., Cornelia, GA, and United States Tele-

phone Association

138

167

155

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