Connecticut Administrative Code › Title 16 - Public Service Companies › 27 - Uniform System Of Accounts › Section 16-27-2 - Community antenna television utilities

Current through July 10, 2024
Part 1
DEFINITIONS
When used in this system of accounts:
1. "Accounts" means the accounts prescribed
			 in this system of accounts.
2.
			 "Actually issued," as applied to securities issued or assumed by the utility,
			 means those which have been sold to bona fide purchasers for a valuable
			 consideration, those issued as dividends on stock, and those which have been
			 issued in accordance with contractual requirements direct to trustees of
			 sinking funds.
3. "Actually
			 outstanding," as applied to securities issued or assumed by the utility, means
			 those which have been actually issued and are neither retired nor held by or
			 for the utility; provided, however, that securities held by trustees shall be
			 considered as actually outstanding.
4. "Amortization" means the gradual
			 extinguishment of an amount in an account by distributing such amount over a
			 fixed period, over the life of the asset or liability to which it applies, or
			 over the period during which it is anticipated the benefit will be
			 realized.
5.
A. "Associated companies" means companies or
			 persons that, directly or indirectly, through one or more intermediaries,
			 control, or are controlled by, or are under common control with, the accounting
			 company.
B. "Control" (including
			 the terms "controlling," "controlled by," and "under common control with")
			 means the possession, directly or indirectly, of the power to direct or cause
			 the direction of the management and policies of a company, whether such power
			 is exercised through one or more intermediary companies, or alone, or in
			 conjunction with, or pursuant to an agreement, and whether such power is
			 established through a majority or minority ownership or voting of securities,
			 common directors, officers, or stockholders, voting trusts, holding trusts,
			 associated companies, contract or any other direct or indirect means.
6. "Book cost" means the amount at
			 which property is recorded in these accounts without deduction of related
			 provisions for accrued depreciation, amortization, or for other
			 purposes.
7. "Commission," unless
			 otherwise indicated by the context, means the commission prescribing this
			 system of accounts.
8. "Cost" means
			 the amount of money actually paid for property or services. When the
			 consideration given is other than cash, the value of such consideration shall
			 be determined on a cash basis.
9.
			 "Cost of removal" means the cost of demolishing, dismantling, tearing down or
			 otherwise removing utility plant, including the cost of transportation and
			 handling incidental thereto.
10.
			 "Debt expense" means all expenses in connection with the issuance and initial
			 sale of evidences of debt, such as fees for drafting mortgages and trust deeds;
			 fees and taxes for issuing or recording evidences of debt; cost of engraving
			 and printing bonds and certificates of indebtedness; fees paid trustees;
			 specific costs of obtaining governmental authority; fees for legal services;
			 fees and commissions paid underwriters, brokers, and salesmen for marketing
			 such evidences of debt; fees and expenses of listing on exchanges; and other
			 like costs.
11. "Depreciation," as
			 applied to depreciable utility plant, means the loss in service value not
			 restored by current maintenance, incurred in connection with the consumption or
			 prospective retirement of utility plant in the course of service from causes
			 which are known to be in current operation and against which the utility is not
			 protected by insurance. Among the causes to be given consideration are wear and
			 tear, decay, action of the elements, inadequacy, obsolescence, changes in the
			 art, changes in demand and requirements of public authorities.
12. "Discount," as applied to the securities
			 issued or assumed by the utility, means the excess of the par (stated value of
			 no-par stocks) or face value of the securities plus interest or dividends
			 accrued at the date of the sale over the cash value of the consideration
			 received from their sale.
13.
			 "Investment advances" means advances, represented by notes or by book accounts
			 only, with respect to which it is mutually agreed or intended between the
			 creditor and debtor that they shall be settled by the issuance of securities or
			 shall not be subject to current settlement.
14. "Minor items of property" means the
			 associated parts or items of which retirement units are composed.
15. "Net salvage value" means the salvage
			 value of property retired less the cost of removal.
16. "Nominally issued," as applied to
			 securities issued or assumed by the utility, means those which have been
			 signed, certified, or otherwise executed, and placed with the proper officer
			 for sale and delivery or pledged, or otherwise placed in some special fund of
			 the utility, but which have not been sold, or issued direct to trustees of
			 sinking funds in accordance with contractual requirements.
17. "Nominally outstanding," as applied to
			 securities issued or assumed by the utility, means those which, after being
			 actually issued, have been reacquired by or for the utility under circumstances
			 which require them to be considered as held alive and not retired, provided,
			 however, that securities held by trustees shall be considered as actually
			 outstanding.
18. "Original cost,"
			 as applied to utility plant, means the cost of such property to the person
			 first devoting it to public service.
19. "Person" means an individual, a
			 corporation, a partnership, an association, a joint stock company, a business
			 trust, or any organized group of persons, whether incorporated or not, or any
			 receiver or trustee.
20. "Premium,"
			 as applied to the securities issued or assumed by the utility, means the excess
			 of the cash value of the consideration received from their sale over the sum of
			 their par (stated value of no-par stocks) or face value and interest or
			 dividends accrued at the date of sale.
21. "Property retired," as applied to utility
			 plant, means property which has been removed, sold, abandoned, destroyed, or
			 which for any cause has been withdrawn from service.
22. "Replacing" or "replacement," when not
			 otherwise indicated in the context, means the construction or installation of
			 utility plant in place of property retired, together with the removal of the
			 property retired.
23. "Retirement
			 units" mean those items of utility plant which, when retired, with or without
			 replacement, are accounted for by crediting the book cost thereof to the
			 utility plant account in which included.
24. "Salvage value" means the amount received
			 for property retired, less any expenses incurred in connection with the sale or
			 in preparing the property for sale, or, if retained, the amount at which the
			 material recoverable is chargeable to materials and supplies, or other
			 appropriate account.
25. "Service
			 life" means the time between the date utility plant is includible in utility
			 plant in service, or utility plant leased to others, and the date of its
			 retirement. If depreciation is accounted for on a production basis rather than
			 on a time basis, then service life should be measured in terms of the
			 appropriate unit of production.
26.
			 "Service value" means the difference between the original cost and the net
			 salvage value of utility plant.
27.
			 "Utility," as used herein and when not otherwise indicated in the context,
			 means any public utility to which this system of accounts is applicable.