I’m reading a book, Strategy That Works by Paul Leinwand and Cesare R. Mainardi ], because, of course, that’s what you do when you are semi-retired. As I read, I reflected on how strategy at most utility companies is directed at becoming more efficient and more effective operationally while finding a way to otherwise reduce costs to offset continuing customer rate pressure. The tax department’s role today generally has 2 components both related to cost savings: (1) deliver tax savings that lower tax expense for the company or tax costs recoverable in rates, and (2) deliver costs savings from operating more efficiently.
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