16 Tex. Admin. Code § 25.72 - Uniform System of Accounts
(a) Each
electric utility and electric cooperative shall keep uniform accounts, in
accordance with this section, of all business transacted. The classification of
electric utilities and electric cooperatives, index of accounts, definitions,
and general instructions pertaining to each uniform system of accounts as
amended from time to time shall be adhered to at all times, unless provided
otherwise by these rules, or specifically permitted by the
commission.
(b) Classification. For
the purposes of accounting and reporting to the commission under this
subchapter, each electric utility or electric cooperative shall be classified
as follows:
(1) Major: electric utilities or
electric cooperatives that had in each of the last three consecutive years
sales or transmission service that exceeded any one or more of the following:
(A) one million megawatt-hours of total
sales;
(B) 100 megawatt-hours of
sales for resale;
(C) 500
megawatt-hours of gross interchange out; or
(D) 500 megawatt-hours of wheeling for others
(deliveries plus losses).
(2) Nonmajor: electric utilities or electric
cooperatives that are not classified as "major" as defined in paragraph (1) of
this subsection.
(c)
System of accounts. For the purpose of accounting and reporting to the
commission, each electric utility and electric cooperative shall maintain its
books and records in accordance with the following prescribed uniform system of
accounts:
(1) Major: uniform system of
accounts as adopted and amended by the Federal Energy Regulatory Commission
(FERC) for major electric utilities and electric cooperatives or other
commission-approved system of accounts as will be adequately informative for
all regulatory purposes.
(2)
Nonmajor: uniform system of accounts as adopted and amended by the FERC for
nonmajor electric utilities and electric cooperatives or other
commission-approved system of accounts as will be adequately informative for
all regulatory purposes.
(d) Other system of accounts. When an
electric utility or electric cooperative has adopted a uniform system of
accounts required or approved by a state or federal agency other than the FERC
(e.g., United States Department of Agriculture - Rural Utilities Service), that
system of accounts may be adopted by the electric utility or electric
cooperative after notification to the commission.
(e) Merchandise accounting. Each electric
utility and electric cooperative shall keep separate accounts to show all
revenues and expenses resulting from the sale or lease of appliances, fixtures,
equipment, directory advertising, or other merchandise.
(f) Accounting period. Each electric utility
and electric cooperative shall keep its books on a monthly basis so that for
each month all transactions applicable thereto shall be entered in the books of
the electric utility or electric cooperative.
(g) Rules related to capitalization of
construction costs. Each electric utility and electric cooperative shall accrue
allowance for funds used during construction on construction work in progress
to the extent not included in rate base. In the event construction work in
progress is included in rate base pursuant to the rules in §
25.231(c)(2)(D)
of this title (relating to Cost of Service), capitalization of allowance for
funds used during construction for electric utilities and electric cooperatives
shall be discontinued to the extent construction work in progress is
included.
Notes
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