{"data":{"id":"us/47-cfr-65.304","jurisdiction":"us","citation":"47 CFR 65.304","heading":"Capital structure.","body":"The proportion of each cost of capital component in the capital structure is equal to:\nProportion in the capital structure =\nWhere:\n“Book Value of particular component” is the total of the book values of that component for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in § 32.9000.\n“Book Value of Debt + Book Value of Preferred Stock + Book Value of Equity” is the total of the book values of all the components for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in § 32.9000.\nThe total of all proportions shall equal 1.00.","path":["Title 47—Telecommunication","CHAPTER I—FEDERAL COMMUNICATIONS COMMISSION","SUBCHAPTER B—COMMON CARRIER SERVICES","PART 65—INTERSTATE RATE OF RETURN PRESCRIPTION, PROCEDURES, AND METHODOLOGIES","Subpart C—Exchange Carriers"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-47.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:28Z","sha256":"3294bd7f4a8c956473d09c673f19c53e1e9d2db89272b5ebfd871151bdaeee0c","source_id":"us-cfr","stale":true,"prev":"us/47-cfr-65.303","next":"us/47-cfr-65.305"},"notice":"GroundRules: Original legal text. Not legal advice."}