GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall be credited with amounts of depreciation concurrently debited to account 414 (Depreciation) to cover the loss in service value of depreciable transportation plant, the cost of which is included in account 30 (Transportation Plant) or in account 38 (Transportation Plant Leased to Others).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) At the time of retirement of depreciable transportation plant, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (b)
(b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) Where, as a result of an extraordinary retirement, a material gain or loss is credited to account 402 (Extraordinary Income) or debited to account 422 (Extraordinary Income Deductions), this account shall be debited or credited, as applicable. ( See Regulations, section 40).
Oil Pipeline Uniform Accounting Regulations — (4)
(4) For general ledger and balance sheet purposes, this account shall be regarded and treated as a composite reserve but, for the purposes of analysis, the company shall maintain subsidiary records in which the accumulated depreciation is subdivided into component parts corresponding to (a) each group of plant accounts; (b) each plant account; or (c) each asset or group of assets within a plant account.
Oil Pipeline Uniform Accounting Regulations — (5)
(5) The records referred to in subsection (4) shall show in detail the current debits and credits.
Oil Pipeline Uniform Accounting Regulations — (6)
(6) This account shall be subdivided as follows: (a) Accumulated depreciation — Transportation plant; and (b) Accumulated depreciation — Transportation plant leased to others.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) Accumulated depreciation — Transportation plant; and
Oil Pipeline Uniform Accounting Regulations — (b)
(b) Accumulated depreciation — Transportation plant leased to others.
Oil Pipeline Uniform Accounting Regulations — 32
32 Accumulated Amortization — Transportation Plant (1) Where a company is authorized by the Commission to amortize amounts carried in Account 30 (Transportation Plant), or in Account 38 (Transportation Plant Leased to Others), this account shall be credited with amounts concurrently debited to Account 423 (Amortization). ( See Regulations, sections 59 and 60). (2) Where a change from depreciation accounting to amortization accounting is authorized by the Commission with respect to any group of plant accounts, plant account or group of assets within a plant account, the applicable balance in Account 31 (Accumulated Depreciation — Transportation Plant) shall be transferred to this account. (3) When the final costs of retirement of amortizable transportation plant are established, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired. (4) Where, as a result of an extraordinary retirement, a material gain or loss is credited to account 402 (Extraordinary Income) or debited to account 422 (Extraordinary Income Deductions), this account shall be debited or credited, as applicable. ( See Regulations, section 40). (5) Subsidiary records shall be maintained for each group of plant items under a separate amortization authorization. (6) This account shall be subdivided as follows: (a) Accumulated amortization — Transportation plant; and (b) Accumulated amortization — Transportation plant leased to others.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) Where a company is authorized by the Commission to amortize amounts carried in Account 30 (Transportation Plant), or in Account 38 (Transportation Plant Leased to Others), this account shall be credited with amounts concurrently debited to Account 423 (Amortization). ( See Regulations, sections 59 and 60).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Where a change from depreciation accounting to amortization accounting is authorized by the Commission with respect to any group of plant accounts, plant account or group of assets within a plant account, the applicable balance in Account 31 (Accumulated Depreciation — Transportation Plant) shall be transferred to this account.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) When the final costs of retirement of amortizable transportation plant are established, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (4)
(4) Where, as a result of an extraordinary retirement, a material gain or loss is credited to account 402 (Extraordinary Income) or debited to account 422 (Extraordinary Income Deductions), this account shall be debited or credited, as applicable. ( See Regulations, section 40).
Oil Pipeline Uniform Accounting Regulations — (5)
(5) Subsidiary records shall be maintained for each group of plant items under a separate amortization authorization.
Oil Pipeline Uniform Accounting Regulations — (6)
(6) This account shall be subdivided as follows: (a) Accumulated amortization — Transportation plant; and (b) Accumulated amortization — Transportation plant leased to others.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) Accumulated amortization — Transportation plant; and
Oil Pipeline Uniform Accounting Regulations — (b)
(b) Accumulated amortization — Transportation plant leased to others.
Oil Pipeline Uniform Accounting Regulations — 33
33 Operating Oil Supply This account shall include the value of oil owned by the company and used to maintain lines and storage tanks in condition for the transportation of commercial oil. ( See Regulations, section 82).
Oil Pipeline Uniform Accounting Regulations — Oil Pipeline Uniform Accounting Regulations
This account shall include the value of oil owned by the company and used to maintain lines and storage tanks in condition for the transportation of commercial oil. ( See Regulations, section 82).
Oil Pipeline Uniform Accounting Regulations — 34
34 Other Plant (1) This account shall include investment in any installation or property that is entirely distinct from and not operated in connection with transportation plant. (2) Where other plant is retired from service, this account shall be credited with the cost of the plant retired. (3) The following is a representative list of items of other plant to be included: ( See Regulations, section 14) (a) commercial power plants; (b) land and buildings not used in pipeline service; (c) land and property acquired and held in anticipation of an indefinite future use; (d) mineral and timber lands.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include investment in any installation or property that is entirely distinct from and not operated in connection with transportation plant.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Where other plant is retired from service, this account shall be credited with the cost of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) The following is a representative list of items of other plant to be included: ( See Regulations, section 14) (a) commercial power plants; (b) land and buildings not used in pipeline service; (c) land and property acquired and held in anticipation of an indefinite future use; (d) mineral and timber lands.
Oil Pipeline Uniform Accounting Regulations — (b)
(b) land and buildings not used in pipeline service;
Oil Pipeline Uniform Accounting Regulations — (c)
(c) land and property acquired and held in anticipation of an indefinite future use;
Oil Pipeline Uniform Accounting Regulations — 35
35 Accumulated Depreciation — Other Plant (1) This account shall be credited with amounts of depreciation debited to account 412 (Other Expenses) to cover loss in service value of depreciable plant, the cost of which is included in account 34 (Other Plant). (2) At the time of retirement of depreciable other plant, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall be credited with amounts of depreciation debited to account 412 (Other Expenses) to cover loss in service value of depreciable plant, the cost of which is included in account 34 (Other Plant).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) At the time of retirement of depreciable other plant, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — 36
36 Improvements to Leased Facilities (1) This account shall include the cost of improvements made to facilities leased from others, where the improvements are made for the purpose of oil pipeline operations. (2) Any amounts refunded to the company by the lessor in connection with the improvements referred to in subsection (1) shall be credited to this account. (3) The balance in this account shall be classified according to Schedule II. (4) Where the service life of the improvements is terminable by the action of the lease, the cost of the improvements, less net salvage, shall be spread over the life of the lease by debits to account 423 (Amortization) and concurrent credits to account 37 (Accumulated Amortization — Improvements to Leased Facilities). (5) Where the service life of the improvements is not terminated by the action of the lease, the cost of the improvements, less net salvage, shall be accounted for as depreciable plant by debits to account 414 (Depreciation) and concurrent credits to account 31 (Accumulated Depreciation — Transportation Plant).
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the cost of improvements made to facilities leased from others, where the improvements are made for the purpose of oil pipeline operations.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Any amounts refunded to the company by the lessor in connection with the improvements referred to in subsection (1) shall be credited to this account.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) The balance in this account shall be classified according to Schedule II.
Oil Pipeline Uniform Accounting Regulations — (4)
(4) Where the service life of the improvements is terminable by the action of the lease, the cost of the improvements, less net salvage, shall be spread over the life of the lease by debits to account 423 (Amortization) and concurrent credits to account 37 (Accumulated Amortization — Improvements to Leased Facilities).
Oil Pipeline Uniform Accounting Regulations — (5)
(5) Where the service life of the improvements is not terminated by the action of the lease, the cost of the improvements, less net salvage, shall be accounted for as depreciable plant by debits to account 414 (Depreciation) and concurrent credits to account 31 (Accumulated Depreciation — Transportation Plant).
Oil Pipeline Uniform Accounting Regulations — 37
37 Accumulated Amortization — Improvements to Leased Facilities This account shall be credited with amounts written off and concurrently debited to account 423 (Amortization) in respect of improvements to leased facilities, the cost of which is included in account 36 (Improvements to Leased Facilities).
Oil Pipeline Uniform Accounting Regulations — Oil Pipeline Uniform Accounting Regulations
This account shall be credited with amounts written off and concurrently debited to account 423 (Amortization) in respect of improvements to leased facilities, the cost of which is included in account 36 (Improvements to Leased Facilities).
Oil Pipeline Uniform Accounting Regulations — 38
38 Transportation Plant Leased to Others (1) This account shall include the cost of transportation plant owned but leased to others as operating units or systems, where the lessee has exclusive possession. (2) The balance in this account shall be classified according to Schedule II.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the cost of transportation plant owned but leased to others as operating units or systems, where the lessee has exclusive possession.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) The balance in this account shall be classified according to Schedule II.
Oil Pipeline Uniform Accounting Regulations — 39
39 Transportation Plant Under Construction (1) This account shall include the cost of construction of transportation plant not yet placed in service, including: (a) the cost of land acquired for such construction; (b) unapplied construction material and supplies; (c) taxes during construction; and (d) any other elements of construction cost. (2) When any plant, the cost of construction of which has been included in this account, is placed in service, the cost of construction shall be credited to this account and debited to the appropriate descriptive plant accounts or to plant account 191 (Unclassified Plant in Service).
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the cost of construction of transportation plant not yet placed in service, including: (a) the cost of land acquired for such construction; (b) unapplied construction material and supplies; (c) taxes during construction; and (d) any other elements of construction cost.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) the cost of land acquired for such construction;
Oil Pipeline Uniform Accounting Regulations — (b)
(b) unapplied construction material and supplies;
Oil Pipeline Uniform Accounting Regulations — (d)
(d) any other elements of construction cost.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) When any plant, the cost of construction of which has been included in this account, is placed in service, the cost of construction shall be credited to this account and debited to the appropriate descriptive plant accounts or to plant account 191 (Unclassified Plant in Service).
Oil Pipeline Uniform Accounting Regulations — 40
40 Accumulated Amortization — Other Plant (1) Where there is a change from depreciation accounting to amortization accounting, the applicable balance in account 35 (Accumulated Depreciation — Other Plant) shall be transferred to this account. (2) At the time of retirement of amortizable other plant, this account shall be credited with amounts recovered from salvage, including insurance proceeds and debited with (a) the book cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) Where there is a change from depreciation accounting to amortization accounting, the applicable balance in account 35 (Accumulated Depreciation — Other Plant) shall be transferred to this account.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) At the time of retirement of amortizable other plant, this account shall be credited with amounts recovered from salvage, including insurance proceeds and debited with (a) the book cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) the book cost of the plant retired; and
Oil Pipeline Uniform Accounting Regulations — 41
41 Unamortized Debt Discount and Expenses (1) This account shall include the total of the debit balances in the subaccounts maintained for each series of each class of long term debt in accordance with section 71. (2) The amounts recorded in this account shall be amortized in accordance with sections 72 or 73, as applicable.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the total of the debit balances in the subaccounts maintained for each series of each class of long term debt in accordance with section 71.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) The amounts recorded in this account shall be amortized in accordance with sections 72 or 73, as applicable.
Oil Pipeline Uniform Accounting Regulations — 42
42 Organization Expenses (1) This account shall include (a) all fees paid to governments for the privilege of incorporation; (b) legal fees in respect of the incorporation of the company; and (c) any expenditures incidental to organizing a company. (2) Amounts recorded in this account shall be amortized or otherwise disposed of by a company in such manner as the Commission may approve or direct.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include (a) all fees paid to governments for the privilege of incorporation; (b) legal fees in respect of the incorporation of the company; and (c) any expenditures incidental to organizing a company.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) all fees paid to governments for the privilege of incorporation;
Oil Pipeline Uniform Accounting Regulations — (b)
(b) legal fees in respect of the incorporation of the company; and
Oil Pipeline Uniform Accounting Regulations — (c)
(c) any expenditures incidental to organizing a company.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Amounts recorded in this account shall be amortized or otherwise disposed of by a company in such manner as the Commission may approve or direct.
Oil Pipeline Uniform Accounting Regulations — 43
43 Public Improvements (1) This account shall include (a) the deferred portion of assessments by governmental authority (by mutual consent or otherwise) to cover the cost of constructing public improvements, where a company has elected to make payment by lump sum and not by instalments over a number of years; and (b) the cost borne by a company of public improvements constructed by it under governmental requirements. (2) Any amount that is no longer deferred shall be debited to account 630-16 or 730-16 (Taxes Other than Income Taxes), as applicable. (3) Where, in any year, public improvements individually and in the aggregate are not material, they may, at the option of the company, be debited to account 630-16 or 730-16 (Taxes Other than Income Taxes), as applicable. (4) The following is a representative list of items of public improvements to be included in the account: ( See Regulations, section 14) (a) cost of land outside a company’s right-of-way to provide for the relocation of street or highway; (b) curbing street and highway; (c) damage to property of others when incidental to highway construction; (d) drainage system; (e) engineering — when such costs apply to items chargeable to this account; (f) flood protection; (g) grading street and highway; (h) guttering street and highway; (i) irrigation system; (j) levee; (k) paving street and highway; (l) sewer system; (m) sidewalk; (n) street lighting system; and (o) water works.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include (a) the deferred portion of assessments by governmental authority (by mutual consent or otherwise) to cover the cost of constructing public improvements, where a company has elected to make payment by lump sum and not by instalments over a number of years; and (b) the cost borne by a company of public improvements constructed by it under governmental requirements.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) the deferred portion of assessments by governmental authority (by mutual consent or otherwise) to cover the cost of constructing public improvements, where a company has elected to make payment by lump sum and not by instalments over a number of years; and
Oil Pipeline Uniform Accounting Regulations — (b)
(b) the cost borne by a company of public improvements constructed by it under governmental requirements.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Any amount that is no longer deferred shall be debited to account 630-16 or 730-16 (Taxes Other than Income Taxes), as applicable.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) Where, in any year, public improvements individually and in the aggregate are not material, they may, at the option of the company, be debited to account 630-16 or 730-16 (Taxes Other than Income Taxes), as applicable.
Oil Pipeline Uniform Accounting Regulations — (4)
(4) The following is a representative list of items of public improvements to be included in the account: ( See Regulations, section 14) (a) cost of land outside a company’s right-of-way to provide for the relocation of street or highway; (b) curbing street and highway; (c) damage to property of others when incidental to highway construction; (d) drainage system; (e) engineering — when such costs apply to items chargeable to this account; (f) flood protection; (g) grading street and highway; (h) guttering street and highway; (i) irrigation system; (j) levee; (k) paving street and highway; (l) sewer system; (m) sidewalk; (n) street lighting system; and (o) water works.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) cost of land outside a company’s right-of-way to provide for the relocation of street or highway;
Oil Pipeline Uniform Accounting Regulations — (c)
(c) damage to property of others when incidental to highway construction;
Oil Pipeline Uniform Accounting Regulations — (e)
(e) engineering — when such costs apply to items chargeable to this account;
Oil Pipeline Uniform Accounting Regulations — 44
44 Preliminary Survey and Investigation Costs (1) This account shall be debited with (a) all expenditures for preliminary surveys, plans, investigations and similar items made for the purpose of determining the feasibility of projects for oil pipeline service; (b) the costs associated with applications for Certificates of Public Convenience and Necessity and Commission hearings; and (c) the cost in respect of the acquisition of options to purchase land, land rights, easements and similar items for use in projects that are contemplated. (2) Where, as a result of the expenditures referred to in subsection (1), plant is acquired or constructed, this account shall be credited and the appropriate accounts debited with the costs related to that plant. (3) Where a project referred to in subsection (1) is not proceeded with, the costs included in this account shall be transferred to account 420 (Other Income Deductions), unless the amount is material, in which case the company shall inform the Regulator and, unless otherwise directed by the Commission, shall debit the amount to account 422 (Extraordinary Income Deductions). (4) Records supporting entries in this account shall be maintained in a manner that will enable complete information to be available as to the nature and purpose of the expenditures.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall be debited with (a) all expenditures for preliminary surveys, plans, investigations and similar items made for the purpose of determining the feasibility of projects for oil pipeline service; (b) the costs associated with applications for Certificates of Public Convenience and Necessity and Commission hearings; and (c) the cost in respect of the acquisition of options to purchase land, land rights, easements and similar items for use in projects that are contemplated.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) all expenditures for preliminary surveys, plans, investigations and similar items made for the purpose of determining the feasibility of projects for oil pipeline service;
Oil Pipeline Uniform Accounting Regulations — (b)
(b) the costs associated with applications for Certificates of Public Convenience and Necessity and Commission hearings; and