20 CSR 4240-40.040 - Uniform System of Accounts-Gas Corporations
PURPOSE: This rule directs gas companies within the
(1) Beginning January 1, 1994, every gas
company subject to the commission 's jurisdiction shall keep all accounts in
conformity with the Uniform System of Accounts Prescribed for Natural Gas
Companies Subject to the Provisions of the Natural Gas Act, as prescribed by
the Federal Energy Regulatory Commission (FERC) and published at 18 CFR part
201 (1992) and 2 FERC Stat. & Regs. paragraph 20,001 and following (1992),
except as otherwise provided in this rule. This uniform system of accounts
provides instruction for recording financial information about gas
corporations. It contains definitions; general instructions; gas plant
instructions; operating expense instructions; accounts that comprise the
balance sheet, gas plant, income, operating revenues, and operation and
maintenance expenses.
(2) When
implementing 4 CSR
240-40.040(1), each gas company
subject to the commission 's jurisdiction shall-
(A) Keep its accounts in the manner and
detail specified for natural gas companies classified as "major" at Part 201
General Instructions 1.A. and paragraph 20,011.1.A.; and
(B) Assemble by July 1, 1996 and maintain
after that, a property unit catalog which contains for each designated property
unit, in addition to the provisions of Part 201 General Instructions 6. and
paragraph 20,016-
1. A description of each
unit;
2. An item list; and
3. Accounting instructions,
including instructions for distinguishing between operations expense,
maintenance expense and capitalized plant improvements.
(3) Regarding plant acquired or
placed in service after 1993, when implementing section (1), each gas
corporation subject to the commission 's jurisdiction shall-
(A) Maintain plant records of the year of
each unit's retirement as part of the "continuing plant inventory records," as
the term is otherwise defined at Part 201 Definitions 8. and paragraph
20,001.8.;
(B) State the detailed
gas plant accounts (301 to 399, inclusive) on the basis of original cost,
estimated if not known, when implementing the provisions of Part 201 Gas Plant
Instructions 1.C. and paragraph 20,041.1.C.;
(C) Record gas plant acquired as an operating
unit or system at original cost, estimated if not known, except as otherwise
provided by the text of the intangible plant accounts, when implementing the
provisions of Part 201 Gas Plant Instructions 2.A. and paragraph
20,042.2.A.;
(D) Account for the
cost of items not classified as units of property as it would account for the
cost of individual items of equipment of small value or of short life, as
provided in Part 201 Gas Plant Instructions 3.A.(3) and paragraph
20,043.3.A.(3);
(E) Include in
equipment accounts any hand or other portable tools which are specifically
designated as units of property, when implementing the provisions of Part 201
Gas Plant Instructions 9.B. and paragraph 20,049.9.B.;
(F) Use the list of retirement units
contained in its property unit catalog when implementing the provisions of Part
201 Gas Plant Instructions 10.A. and paragraph 20,050.10.A.;
(G) Estimate original cost with an
appropriate average of the original cost of the units by vintage year, with due
allowance for any difference in size and character, when it is impracticable to
determine the original cost of each unit, when implementing the provisions of
Part 201 Gas Plant Instructions 10.D. and paragraph 20,050.10.D.;
(H) Charge original cost less net salvage to
account 108., when implementing the provisions of Part 201 Gas Plant
Instructions 10.F. and paragraph 20,050.10.F.;
(I) Keep its work order system so as to show
the nature of each addition to or retirement of gas plant by vintage year, in
addition to the other requirements of Part 201 Gas Plant Instructions 11.B. and
paragraph 20,051.11.B.;
(J)
Maintain records which classify, for each plant account, the amounts of the
annual additions and retirements so as to show the number and cost of the
various record units or retirement units by vintage year, when implementing the
provisions of Part 201 Gas Plant Instructions 11.C. and paragraph
20,051.11.C.;
(K) Maintain
subsidiary records which separate account 108. according to primary plant
accounts or subaccounts when implementing the provisions of Part 201 Balance
Sheet Account 108.C. and paragraph 20,011.108.C.;
(L) Maintain subsidiary records which
separate account 111. according to primary plant accounts or subaccounts when
implementing the provisions of Part 201 Balance Sheet Accounts 111.C. and
paragraph 20,114.111.C.; and
(M)
Keep mortality records of property and property retirement as will reflect the
average life of retiring property and will aid actuarial analysis of the
probable service life of annual additions and aged retirements when
implementing the provisions of Part 201 Income Accounts 403.B. and paragraph
20,422.403.B.
(4) In
prescribing this system of accounts the commission does not commit itself to
the approval or acceptance of any item set out in any account, for the purpose
of fixing rates or in determining other matters before the commission . This
rule shall not be construed as waiving any recordkeeping requirement in effect
prior to 1994.
(5) The commission
may waive or grant a variance from the provisions of this rule, in whole or in
part, for good cause shown, upon a utility's written application.
Notes
*Original authority: 386.250, RSMo 1939, amended 1963, 1967, 1977, 1980, 1987, 1988, 1991, 1993, 1995, 1996; and 393.140, RSMo 1939, amended 1949, 1967.
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