Iowa Admin. Code r. 199-31.7 - Standards for costing asset transfers between regulated operations and nonregulated affiliates valued at less than $2 million
(1)
Asset of a nonregulated affiliate transferred to a regulated
affiliate. The asset transfer shall be recorded at the lesser of net
book value , the price actually charged to affiliates or nonaffiliates, or the
market price of comparable assets. Under no circumstances is the asset to be
recorded at a cost higher than what the regulated affiliate actually paid for
the asset.
(2)
Asset of a
regulated affiliate transferred to a nonregulated affiliate. The asset
transfer to the nonregulated affiliate shall be recorded at the greater of net
book value , a price actually charged to other affiliates or nonaffiliates, or
the market price of comparable assets.
Notes
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