Source: http://www.law.cornell.edu/cfr/text/18/2.67?quicktabs_7=1
Timestamp: 2014-07-23 00:15:49
Document Index: 111744248

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18 CFR 2.67 - Calculation of taxes for property of pipeline companies constructed or acquired after January 1, 1970. | LII / Legal Information Institute
CFR › Title 18 › Chapter I › Subchapter A › Part 2 › Section 2.67 18 CFR 2.67 - Calculation of taxes for property of pipeline companies constructed or acquired after January 1, 1970.
§ 2.67
Calculation of taxes for property of pipeline companies constructed or acquired after January 1, 1970.
Pursuant to the provisions of section 441(a)(4)(A) of the Tax Reform Act of 1969, 83 Stat. 487, 625, natural gas pipeline companies which have exercised the option provided by that section to change from flow through accounting will be permitted by the Commission, with respect to liberalized depreciation, to employ a normalization method for computing Federal income taxes in their accounts and annual reports with respect to property constructed or acquired after January 1, 1970, to the extent to which such property increases the productive or operational capacity of the utility and is not a replacement of existing capacity. Such normalization will also be permitted for ratemaking purposes. As to balances in Account No. 282 of the Uniform System of Accounts, “Accumulated deferred income taxes—Other property,” it will remain the Commission's policy to deduct such balances from the rate base of natural gas pipeline companies in rate proceedings.
(Secs. 3, 4, 5, 8, 9, 10, 15, 16, 301, 304, 308, and 309 (41 Stat. 1063-1066, 1068, 1072, 1075; 49 Stat. 838, 839, 840, 841, 854-856, 858-859; 52 Stat. 822, 823, 825, 826; 76 Stat. 72; 82 Stat. 617; 16 U.S.C. 796, 797, 803, 808, 809, 816, 825, 825b, 825c, 825g, 825h, 826i); as amended, secs. 8, 10, and 16 (52 Stat. 825-826, 830; 15 U.S.C. 717c, 717d, 717g, 717h, 717i, 717o))
[Order 404, 35 FR 7964, May 23, 1970, as amended by Order 567, 42 FR 30612, June 16, 1977]
U.S. Code: Title 16 - CONSERVATION§ 791 - Repealed. Aug. 26, 1935, ch. 687, title II,§ 791a - Short title§ 792 - Federal Power Commission; creation; number; appointment; term; qualifications; vacancies; quorum; chairman; salary; place of holding sessions§ 793 - Appointment of officers and employees of Commission; duties, and salaries; detail of officers and employees from other departments; expenditures authorized§ 793a - Repealed.§ 794, 795 - Omitted§ 796 - Definitions§ 797 - General powers of Commission§ 797a - Congressional authorization for permits, licenses, leases, or authorizations for dams, conduits, reservoirs, etc., within national parks or monuments§ 797b - Duty to keep Congress fully and currently informed§ 797c - Dams in National Park System units§ 797d - Third party contracting by FERC§ 798 - Purpose and scope of preliminary permits; transfer and cancellation§ 799 - License; duration, conditions, revocation, alteration, or surrender§ 800 - Issuance of preliminary permits or licenses§ 801 - Transfer of license; obligations of transferee§ 802 - Information to accompany application for license; landowner notification§ 803 - Conditions of license generally§ 804 - Project works affecting navigable waters; requirements insertable in license§ 805 - Participation by Government in costs of locks, etc.§ 806 - Time limit for construction of project works; extension of time; termination or revocation of licenses for delay§ 807 - Right of Government to take over project works§ 808 - New licenses and renewals§ 809 - Temporary use by Government of project works for national safety; compensation for use§ 810 - Disposition of charges arising from licenses§ 811 - Operation of navigation facilities; rules and regulations; penalties§ 812 - Public-service licensee; regulations by State or by commission as to service, rates, charges, etc.§ 813 - Power entering into interstate commerce; regulation of rates, charges, etc.§ 814 - Exercise by licensee of power of eminent domain§ 815 - Contract to furnish power extending beyond period of license; obligations of new licensee§ 816 - Preservation of rights vested prior to June 10, 1920§ 817 - Projects not affecting navigable waters; necessity for Federal license, permit or right-of-way; unauthorized activities§ 818 - Public lands included in project; reservation of lands from entry§ 819 - Repealed. Aug. 26, 1935, ch. 687, title II,§ 820 - Proceedings for revocation of license or to prevent violations of license§ 821 - State laws and water rights unaffected§ 822 - Reservation of right to alter or repeal chapter§ 823 - Repeal of inconsistent laws§ 823a - Conduit hydroelectric facilities§ 823b - Enforcement§ 823c - Alaska State jurisdiction over small hydroelectric projects§ 823d - Alternative conditions and prescriptions§ 824 - Declaration of policy; application of subchapter§ 824a - Interconnection and coordination of facilities; emergencies; transmission to foreign countries16 U.S. Code § 824a–1 - Pooling16 U.S. Code § 824a–2 - Reliability16 U.S. Code § 824a–3 - Cogeneration and small power production16 U.S. Code § 824a–4 - Seasonal diversity electricity exchange§ 824b - Disposition of property; consolidations; purchase of securities§ 824c - Issuance of securities; assumption of liabilities§ 824d - Rates and charges; schedules; suspension of new rates; automatic adjustment clauses§ 824e - Power of Commission to fix rates and charges; determination of cost of production or transmission§ 824f - Ordering furnishing of adequate service§ 824g - Ascertainment of cost of property and depreciation§ 824h - References to State boards by Commission§ 824i - Interconnection authority§ 824j - Wheeling authority16 U.S. Code § 824j–1 - Open access by unregulated transmitting utilities§ 824k - Orders requiring interconnection or wheeling16 U.S. Code § -§ 824m - Sales by exempt wholesale generators§ 824n - Repealed.16 U.S. Code § -§ 824p - Siting of interstate electric transmission facilities§ 824q - Native load service obligation§ 824r - Protection of transmission contracts in the Pacific Northwest§ 824s - Transmission infrastructure investment§ 824t - Electricity market transparency rules§ 824u - Prohibition on filing false information§ 824v - Prohibition of energy market manipulation§ 824w - Joint boards on economic dispatch§ 825 - Accounts and records§ 825a - Rates of depreciation; notice to State authorities before fixing§ 825b - Requirements applicable to agencies of United States§ 825c - Periodic and special reports; obstructing filing reports or keeping accounts, etc.§ 825d - Officials dealing in securities§ 825e - Complaints§ 825f - Investigations by Commission§ 825g - Hearings; rules of procedure§ 825h - Administrative powers of Commission; rules, regulations, and orders§ 825i - Appointment of officers and employees; compensation§ 825j - Investigations relating to electric energy; reports to Congress§ 825k - Publication and sale of reports16 U.S. Code § -§ 825m - Enforcement provisions§ 825n - Forfeiture for violations; recovery; applicability16 U.S. Code § -16 U.S. Code § -§ 825p - Jurisdiction of offenses; enforcement of liabilities and duties§ 825q - Repealed.16 U.S. Code § 825q–1 - Office of Public Participation§ 825r - Separability§ 825s - Sale of electric power from reservoir projects; rate schedules; preference in sale; construction of transmission lines; disposition of moneys16 U.S. Code § 825s–1 - Southwestern area sale and transmission of electric power; disposition of receipts; creation of continuing fund; use of fund16 U.S. Code § 825s–2 - Southeastern area sale and transmission of electric power; disposition of receipts; creation of continuing funds; use of fund16 U.S. Code § 825s–3 - Southwestern area sale at uniform systemwide rates of electric power over transmission lines constructed with appropriated funds or used under contractual arrangements16 U.S. Code § 825s–4 - Southwestern Power Administration; deposit and availability of advance payments16 U.S. Code § 825s–5 - Southeastern Power Administration; deposit and availability of advance payments16 U.S. Code § 825s–6 - Southeastern Power Administration; deposit and availability of discretionary offsetting collections16 U.S. Code § 825s–7 - Southwestern Power Administration; deposit and availability of discretionary offsetting collections§ 825t - Utilization of power revenues§ 825u - Interest rate on power bonds held by Administrator of General Services§ 828 - Facilitation of development and construction of water conservation facilities; exemption from certain Federal requirements§ 828a - Definitions§ 828b - Exemption from formula, books and records, and project cost statement requirements; annual charges§ 828c - Applicability of this subchapter§ 2601 - Findings§ 2602 - Definitions§ 2603 - Relationship to antitrust laws§ 2611 - Purposes§ 2612 - Coverage§ 2613 - Federal contracts§ 2621 - Consideration and determination respecting certain ratemaking standards§ 2622 - Obligations to consider and determine§ 2623 - Adoption of certain standards§ 2624 - Lifeline rates§ 2625 - Special rules for standards§ 2626 - Reports respecting standards§ 2627 - Relationship to State law§ 2631 - Intervention in proceedings§ 2632 - Consumer representation§ 2633 - Judicial review and enforcement§ 2634 - Prior and pending proceedings§ 2641 - Voluntary guidelines§ 2642 - Responsibilities of Secretary§ 2643 - Gathering information on costs of service§ 2644 - Relationship to other authority§ 2645 - Utility regulatory institute