52 Pa. Code § 57.46 - Continuing property records
(a) A
public utility having annual electric operating revenues of $25,000 or more
shall maintain a continuing property record of its electric plant, the cost of
which is recorded in accounts 101, 102, 103, 104, and 105 in the uniform
accounting system prescribed in §
57.42 (relating to systems of
accounts prescribed).
(b) An
outline of the plan of the company for the establishment and maintenance of its
continuing property record shall be submitted to the Commission for approval.
Major changes in the plan shall also be submitted to the Commission.
(c) The continuing property record shall
contain the detailed description and classification of property record units as
will provide all of the following:
(1) An
inventory of plant by property record units which may be readily checked for
proof of existence.
(2) The
association of costs with the units, to assure accurate retirement
accounting.
(3) The dates of
installation and removal of property record units, to provide age and life data
for use in depreciation studies.
(d) The continuing property record, or
records supplemental to it, shall include information as to the kind,
character, size, quantity, location, year of placement and retirement,
percentage of ownership and original cost of electric plant.
(e) Plants comprising a large number of
similar units, such as poles, wire, meters and line transformers, may be
grouped, and the average cost used for retirement accounting. Grouping should
be by years of construction within one cost-keeping area. The entire system may
be considered as one cost-keeping area unless otherwise required for regulatory
purposes. If it is impracticable to account for construction by years, the
public utility may, with Commission approval, cost certain items by bands of
years or by average costs for all years. The grouping does not relieve the
utility from its requirements to provide age and life data and to maintain
location records for such plant.
Notes
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