Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 7 - Regulatory Commission of Alaska › Chapter 48 - Practice and Procedure › Article 2 - Utility and Pipeline Tariffs › 3 AAC 48.277 - Uniform system of accounts

Current through May 31, 2024
(a) Except as
				  otherwise ordered by the commission, each public utility or pipeline carrier
				  shall comply with the following Uniform System of Accounts applicable to that
				  utility or carrier:
(1) a telephone utility
				  shall maintain records and accounts in accordance with the Uniform System of
				  Accounts for Telecommunications Companies prescribed by     47 C.F.R. 32, as
				  revised as of January 1, 1988 and adopted by reference, subject to the
				  following modifications, exceptions, and exclusions:
(A) a telephone utility with annual operating
				  revenues of $5,000,000 or more is a Class A utility and shall use the Class A
				  system of accounts under 47 C.F.R. 32;
(B) a telephone utility with annual operating
				  revenues of less than $5,000,000 is a Class B utility and shall use the Class B
				  system of accounts under 47 C.F.R. 32;
(C) the provisions of
				  47 C.F.R.
				  32.16(a),
				  47 C.F.R.
				  32.22(a) and (c),
				  47 C.F.R.
				  32.27(f),
				  47 C.F.R.
				  32.2000(b)(1) and (4),  47
				  C.F.R. 32.2004,  47 C.F.R. 32.2005(b)(3),  47 C.F.R. 32.2215,  47 C.F.R. 32.2425,  47 C.F.R. 32.6215, and  47 C.F.R. 32.6425  are not adopted by
				  reference;
(D) a reference in  47
				  C.F.R. 32  to "Commission," "Federal Communications Commission," "Common Carrier
				  Bureau," or "Wireline Competition Bureau" means the Regulatory Commission of
				  Alaska;
(E) the dollar-limit
				  waivers provided for in 47 C.F.R. 32 are not applicable for purposes of the
				  account treatment required by this paragraph, with the following exceptions:
(i) the provisions of
				  47 C.F.R.
				  32.25 are adopted, as revised to allow a
				  Class A telephone utility, without prior commission approval, to record in
				  current operating accounts a correction of an error in a prior period that is
				  no more than one percent of the aggregate summary account;
(ii) the provisions of
				  47 C.F.R.
				  32.2000(d)(1) are
				  adopted;
(iii) the provisions of
				  47 C.F.R.
				  32.2003(b) are adopted, as
				  revised to allow a Class A telephone utility to book short-term plant under
				  construction to plant accounts when the cost of a construction project is
				  $100,000 or less and to allow a Class B telephone utility to book plant under
				  construction to plant accounts when the cost of the construction project is
				  $25,000 or less;
(iv) the
				  provisions of 47 C.F.R.
				  32.2000(a)(4), as revised as
				  of January 1, 2003, are adopted by reference to allow a telephone utility to
				  employ a capitalization threshold of $2,000 for the applicable accounts
				  identified in 47 C.F.R.
				  32.2000(a)(4);
(v) a telephone utility following
				  47 C.F.R.
				  32.2000(a)(4), as adopted by
				  reference in (iv) of this subparagraph, may elect a $500 capitalization
				  threshold in place of the $2,000 threshold; within 60 days after November 28,
				  2003, a telephone utility making an election under this sub-subparagraph must
				  file with the commission a letter indicating the election to use the lower
				  threshold; once the election is made, the telephone utility may not change to
				  the $2,000 threshold without commission approval;
(F) for purposes of the account at
				  47 C.F.R.
				  32.2003 for plant under construction, a
				  telephone utility shall capitalize allowance for funds used during construction
				  and construction work in progress using a capitalization rate based on the
				  actual average cost of debt, as provided for in
				  47 C.F.R.
				  32.2000(c)(2)(x),
				  47 C.F.R.
				  32.2003(a) and (c), and  47
				  C.F.R. 32.7340, as revised as of September 6, 1995 and adopted by
				  reference;
(G) the provisions of
				  47 C.F.R.
				  32.2123,
				  47 C.F.R.
				  32.2211,
				  47 C.F.R.
				  32.2212,
				  47 C.F.R.
				  32.2232, and
				  47 C.F.R.
				  32.2424, as revised as of January 1, 2003,
				  are adopted by reference;
(H) the
				  provisions of 47 C.F.R.
				  32.6120,
				  47 C.F.R.
				  32.6211,
				  47 C.F.R.
				  32.6212,
				  47 C.F.R.
				  32.6232, and
				  47 C.F.R.
				  32.6424, as revised as of January 1, 2003,
				  are adopted by reference;