Gas Pipeline Uniform Accounting Regulations — 410
410 Land (1) This account shall include (a) the cost of land owned in fee simple and used for the construction and operation of pipelines; and (b) the costs of removing the property of others from the land and of relocating such property. (2) The cost of land not used in gas pipeline service or for which there is no definite plan for use in pipeline service shall be debited to account 110 (Other Plant). (3) Where the purchase of land for gas pipeline service requires the purchase of more land than is needed for such purposes, the charge to the specific land account shall be based upon the cost of the land purchased, less the fair market value of that portion of land that may not be included in account 100, 101 or 102. (4) The portion of the cost of land referred to in subsection (3) that may not be included in account 100, 101 or 102 shall be debited to account 110 (Other Plant). (5) The cost of acquiring options to purchase land for use in contemplated projects shall be debited to account 172 (Preliminary Survey and Investigation Charges) pending a determination as to whether or not to proceed with such projects. (6) The costs of acquiring options to purchase land for use in current construction projects shall be debited to account 115 (Gas Plant Under Construction). (7) Net proceeds from the sale of timber, minerals or improvements that were part of the land cost shall be credited to this account. (8) Any excess of the net proceeds referred to in subsection (7) over the original cost of the timber, minerals or improvements included in the land cost shall be credited to account 319 (Other Income) if the excess is not material or, if material, to account 331 (Extraordinary Income) after Commission approval has been obtained. (9) When land is acquired together with buildings, the cost shall be fairly apportioned between land and buildings and accounted for accordingly unless the plan of acquisition contemplates the immediate removal of the buildings, in which case the entire cost shall be debited to this account and any salvage value from the buildings shall be credited to this account. (10) Gains or losses arising from the sale of land shall be debited or credited to the appropriate income account. ( See section 44 of these Regulations) (11) The cost of clearing, levelling or grading land, both before and after the construction of facilities thereon, shall, if directly related to such facilities, be included in the plant accounts provided for the cost of the facilities constructed. (12) Representative List of Items of Land to be included. ( See section 14 of these Regulations) Abstract Appraisal Arbitrator in expropriation cases Commissions paid to others Compensation and expenses of outside land agents when specifically assigned to acquisition of land, but not arbitrary apportionments for incidental services Ditch for waterway when part of consideration Engineering and survey expenses in connection with purchase of land in fee simple Expropriation expenses, including court costs and special counsel fees Judgments and decreed costs to clear or defend titles Legal and notarial fees Plans Premium on expropriation bonds Registering, filing and depositing title documents and plans Payments for release and discharge of encumbrances and charges against the land Payments for release from restrictive provisions of original title documents and for other rights Removal and relocation of buildings and other structures not purchased Rent of land when part of consideration for purchase Taxes accrued and assumed at time of purchase