reglab/statecodes huggingface dataset:
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 5 - Expenditures on Leased Property

Current through Register 1525, July 5, 2024
A. The cost of
		  substantial improvements (including repairs, rearrangements, additions, and
		  betterments) made in the course of preparing for utility service property
		  leased for a period of more than one year, and the cost of subsequent
		  substantial additions, replacements, or betterments to such property shall be
		  charged to the gas plant account appropriate for the class of property leased.
		  If the service life of the improvements is terminable by the provisions of the
		  lease, the cost, less net salvage, of the improvements shall be spread over the
		  life of the lease by charges to account 404, Amortization of Limited-Term
		  Utility Plant. However, if the service life is not terminated by action of the
		  lease but by depreciation proper, the cost of the improvements, less net
		  salvage, shall be accounted for as depreciable plant.
B. If improvements made to property leased
		  for a period of more than one year are of relatively minor cost, or if the
		  lease is for a period of not more than one year, the cost of the improvements
		  shall be charged to the account in which the rent is included either directly
		  or by amortization thereof.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 7 - Structures and Improvements

Current through Register 1525, July 5, 2024
A. The accounts for
		  structures and improvements shall include the cost of all buildings and
		  facilities to house, support, or safeguard property or persons, including all
		  fixtures permanently attached to and made a part of buildings and which cannot
		  be removed therefrom without cutting into the walls, ceilings, or floors, or
		  without in some way impairing the building, and improvements of a permanent
		  character on or to land.
B. The
		  cost of specially provided foundations not intended to outlast the machinery or
		  apparatus for which provided, and the cost of angle irons, casting, etc.,
		  installed at the base of an item of equipment, shall be charged to the same
		  account as the cost of the machinery, apparatus, or equipment.
C. Minor buildings and structures, such as
		  valve towers, patrolmen's towers, telephone stations, etc., which are used
		  directly in connection with or form a part of a reservoir, dam, waterway, etc.,
		  shall be considered a part of the facility in connection with which constructed
		  or operated and the cost thereof accounted for accordingly.
D. Where furnaces and boilers are used
		  primarily for furnishing steam for some particular department and only
		  incidentally for furnishing steam for heating a building and operating the
		  equipment therein, the entire cost of such furnaces and boilers shall be
		  charged to the appropriate plant account, and no part to the building
		  account.
E. Where the structure of
		  a dam forms also the foundation of the power plant building, such foundation
		  shall be considered a part of the dam.
F. The cost of disposing of materials
		  excavated in connection with construction of structures shall be considered as
		  a part of the cost of such work, except as follows:
(a) when such material is used for filling,
		  the cost of loading, hauling, and dumping shall be equitably apportioned
		  between the work in connection with which the removal occurs and the work in
		  connection with which the material is used;
(b) when such material is sold, the net
		  amount realized from such sales shall be credited to the work in connection
		  with which the removal occurs. If the amount realized from the sale of
		  excavated materials exceeds the removal costs and the costs in connection with
		  the sale, the excess shall be credited to the land account in which the site is
		  carried.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 8 - Equipment

Current through Register 1525, July 5, 2024
A. The cost of equipment chargeable to the
		  gas plant accounts, unless otherwise indicated in the text of an equipment
		  account, includes the net purchase price thereof, sales taxes, investigation
		  and inspection expenses necessary to such purchase, expenses of transportation
		  when borne by the utility, labor employed, materials and supplies consumed, and
		  expenses incurred by the utility in unloading and placing the equipment in
		  readiness to operate.
B. Exclude
		  from equipment accounts hand and other portable tools which are likely to be
		  lost or stolen or which have relatively small value (for example, $50 or less)
		  or short life, unless the correctness of the accounting therefor as gas plant
		  is verified by current inventories. Special tools acquired and included in the
		  purchase price of equipment shall be included in the appropriate plant account.
		  Portable drills and similar tool equipment when used in connection with the
		  operation and maintenance of a particular plant or department, such as
		  production, transmission, distribution, etc., or in "stores," shall be charged
		  to the plant account appropriate for their use.
C. The equipment accounts shall include angle
		  irons and similar items which are installed at the base of an item of
		  equipment, but piers and foundations which are designed to be as permanent as
		  the buildings which house the equipment, or which are constructed as a part of
		  the building and which cannot be removed without cutting into the walls,
		  ceilings or floors or without in some way impairing the building, shall be
		  included in the building accounts.
D. The equipment accounts shall include the
		  necessary costs of testing or running a plant or part thereof during an
		  experimental or test period prior to becoming available for service. The
		  utility shall furnish the Department, upon request, with full particulars of
		  and justification for any test or experimental run extending beyond a period of
		  30 days.
E. The cost of efficiency
		  or other tests made subsequent to the date equipment becomes available for
		  service shall be charged to the appropriate expense accounts, except that tests
		  to determine whether equipment meets the specifications and requirements as to
		  efficiency, performance, etc., guaranteed by manufacturers made after
		  operations have commenced and within the period specified in the agreement or
		  contract of purchase, may be charged to the appropriate gas plant
		  account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 9 - Additions and Retirements of Gas Plant

Current through Register 1525, July 5, 2024
A.
		  For the purpose of avoiding undue refinement in accounting for additions to and
		  retirements and replacements of gas plant, all property shall be considered as
		  consisting of (1) retirement units and (2) minor items of property. Each
		  utility may adopt its own list of retirement units for the purpose of this
		  instruction until such time as the Department shall prescribe a list of
		  retirement units with the option, however, of using smaller units, provided the
		  utility's practice in this respect is consistent.
B. The addition and retirement of retirement
		  units shall be accounted for as follows:
(1)
		  When a retirement unit is added to gas plant, the cost thereof shall be added
		  to the appropriate gas plant account.
(2) When a retirement unit is retired from
		  gas plant, with or without replacement, the book cost thereof shall be credited
		  to the gas plant account in which it is included, determined in the manner set
		  forth in paragraph D, below. If the retirement unit is of a depreciable class,
		  the book cost of the unit retired and credited to gas plant shall be charged to
		  the reserve for depreciation applicable to such property. The cost of removal
		  and the salvage shall be charged or credited, as appropriate, to such
		  depreciation account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 10 - Work Order System Required

Current through Register 1525, July 5, 2024
A. Each utility
		  shall record all construction and retirements of electric plant by means of
		  work orders or job orders. Separate work orders may be opened for additions to
		  and retirements of gas plant or the retirements may be included with the
		  construction work order, provided, however, that all items relating to the
		  retirements shall be kept separate from those relating to construction and
		  provided, further, that any maintenance cost involved in the work shall
		  likewise be segregated.
B. Each
		  utility shall keep its work order system so as to show the nature of each
		  addition to or retirement of gas plant, the total cost thereof, the source or
		  sources of costs, and the gas plant account or accounts to which charged or
		  credited. Work orders covering jobs of short duration may be cleared
		  monthly.
C. Each utility shall
		  maintain records in which, for each plant account, the amount of the annual
		  additions and retirements, subsequent to the effective date of this system of
		  accounts, are classified so as to show the number and the cost of the various
		  retirement units or other appropriate record units included therein.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 11 - Transfers of Property

Current through Register 1525, July 5, 2024
When property is transferred from one gas plant account to
		    another, from one utility department to another, such as from gas to electric,
		    from one operating division or area to another, to or from accounts 101,
		    Utility Plant in Service, 104, Utility Plant Leased to Others, 105, Property
		    Held for Future Use, and 121, Nonutility Property, the transfer shall be
		    recorded by transferring the original cost thereof from the one account,
		    department, or location to the other. Any related amounts carried in the
		    accounts for reserve for depreciation or amortization shall be transferred in
		    accordance with the segregation of such accounts.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 12 - Common Utility Plant

Current through Register 1525, July 5, 2024
A. If the utility
		  is engaged in more than one utility service such as electric, gas, and water,
		  and any of its utility plant is used in common for several utility services or
		  for other purposes to such an extent and in such manner that it is
		  impracticable to segregate it by utility services currently in the accounts,
		  such property, with the approval of the Department, may be designated and
		  classified as "common utility plant."
B. Utility plant designated as common utility
		  plant shall be classified according to the detailed utility plant account
		  appropriate for the property.
C.
		  The utility shall be prepared to show at any time and to report to the
		  Department annually, or more frequently, if required, and by gas plant accounts
		  (301 to 399) the following:
(1) the book cost
		  of common utility plant,
(2) the
		  allocation of such cost to the respective departments using the common utility
		  plant, and
(3) the basis of the
		  allocation.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › GAS PLANT INSTRUCTIONS › Section 13 - Transmission and Distribution Plant

Current through Register 1525, July 5, 2024
For the purposes of this system of accounts:
A. "Transmission System" means the land,
		  structures, mains, valves, meters, boosters, regulators, tanks, compressors and
		  their driving units and appurtenances, and other equipment used primarily for
		  transmitting gas from a production plant, delivery point of purchased gas,
		  gathering system, storage area, or other wholesale source of gas, to one or
		  more distribution areas. The transmission system begins at the outlet side of
		  the valve at the connection to the last equipment in a manufactured gas plant,
		  the connection to gathering lines or delivery point of purchased gas, and
		  includes the equipment at such connection that is used to bring the gas to
		  transmission pressure, and ends at the inlet side of the equipment which meters
		  or regulates the entry of gas into the distribution system or into a storage
		  area. It does not include storage land, structures or equipment. Pipe line
		  companies, however, shall include city gate and main line industrial measuring
		  and regulating stations in the transmission function, except that where pipe
		  line companies measure deliveries of gas to their own distribution systems they
		  shall have the option, if consistently observed, of including such stations
		  either in the transmission or distribution function for the purpose of this
		  system of accounts.
B.
		  "Distribution System" means the mains which are provided primarily for
		  distributing gas within a distribution area, together with land, structures,
		  valves, regulators, services and measuring devices, including the mains for
		  transportation of gas from production plants or points of receipt located
		  within such distribution area to other points therein. The distribution system
		  begins at the inlet side of the equipment which meters or regulates the entry
		  of gas into the distribution system and ends with and includes property on the
		  customer's premises. It does not include storage land, structures, or
		  equipment.
C. "Distribution Area"
		  as used herein means a metropolitan area or other urban area comprising one or
		  more adjacent or nearby cities, villages or unincorporated areas, including
		  developed areas contiguous to main highways.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › OPERATING EXPENSE INSTRUCTIONS › Section 1 - Supervision and Engineering

Current through Register 1525, July 5, 2024
The supervision and engineering includible in the operating
		    expense accounts shall consist of the pay and expenses of superintendents,
		    engineers, clerks, other employees and consultants engaged in supervising and
		    directing the operations and maintenance of each utility function. Wherever
		    allocations are necessary in order to arrive at the amount to be included in
		    any account, the method and basis of allocation shall be reflected by
		    underlying records.
ITEMS
Labor:
1. Special
		  tests to determine efficiency of equipment operation.
2. Preparing or reviewing budgets, estimates,
		  and drawings relating to operation or maintenance for departmental
		  approval.
3. Preparing instructions
		  for operations and maintenance activities.
4. Reviewing and analyzing operating
		  results.
5. Establishing
		  organizational setup of departments and executing changes therein.
6. Formulating and reviewing routines of
		  departments and executing changes therein.
7. General training and instruction of
		  employees by supervisors whose pay is chargeable hereto. Specific instruction
		  and training in a particular type of work is chargeable to the appropriate
		  functional account.
8. Secretarial
		  work for supervisory personnel, but not general clerical and stenographic work
		  chargeable to other accounts.
Expenses:
9. Consultants' fees and expenses.
10. Meals, traveling and incidental
		  expenses.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › OPERATING EXPENSE INSTRUCTIONS › Section 2 - Maintenance

Current through Register 1525, July 5, 2024
A. The cost of maintenance chargeable to the
		  various operating expense and clearing accounts includes labor, materials,
		  overheads and other expenses incurred in maintenance work. A list of work
		  operations applicable generally to utility plant is included hereunder. Other
		  work operations applicable to specific classes of plant are listed as
		  functional maintenance expense accounts.
B. Materials recovered in connection with the
		  maintenance of property shall be credited to the same account to which the
		  maintenance cost was charged.
C.
		  Maintenance of property leased from others shall be treated as provided in
		  operating expense instruction 3.
ITEMS
1. Direct
		  field supervision of maintenance.
2. Inspecting, testing, and reporting on
		  condition of plant specifically to determine the need for repairs,
		  replacements, rearrangements and changes and inspecting and testing the
		  adequacy of repairs which have been made.
3. Work performed specifically for the
		  purpose of preventing failure, restoring serviceability or maintaining life of
		  plant.
4. Rearranging and changing
		  the location of plant not retired.
5. Repairing for reuse materials recovered
		  from plant.
6. Testing for,
		  locating and clearing trouble.
7.
		  Net cost of installing, maintaining, and removing temporary facilities to
		  prevent interruptions in service.
8. Replacing or adding minor items of plant
		  which do not constitute a retirement unit. (See gas plant instruction
		  9.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › OPERATING EXPENSE INSTRUCTIONS › Section 3 - Rents

Current through Register 1525, July 5, 2024
A. The rent expense accounts provided under
		  the several functional groups of expense accounts shall include all rents,
		  including taxes paid by the lessee on leased property, for property used in
		  utility operations, except (1) minor amounts paid for occasional or infrequent
		  use of any property or equipment and all amounts paid for use of equipment
		  that, if owned, would be includible in plant accounts 391 to 398, inclusive,
		  which shall be treated as an expense item and included in the appropriate
		  functional account and (2) rents which are chargeable to clearing accounts, and
		  distributed therefrom to the appropriate account. If rents cover property used
		  for more than one department, the rents shall be apportioned to the appropriate
		  rent expense or clearing accounts of each department on an actual, or, if
		  necessary, an estimated basis.
B.
		  When a portion of property or equipment rented from others for use in
		  connection with utility operations is subleased, the revenue derived from such
		  subleasing shall be credited to the rent revenue accounts in operating
		  revenues; provided, however, that in case the rent was charged to a clearing
		  account, amounts received from subleasing the property shall be credited to
		  such clearing account.
C. The cost,
		  when incurred by the lessee, of operating and maintaining leased property,
		  shall be charged to the accounts appropriate for the expense if the property
		  were owned.
D. The cost incurred by
		  the lessee of additions and replacements to utility plant leased from others
		  shall be accounted for as provided in gas plant instruction 5.
The aggregate of the rents included in the functional
			 operating expense accounts shall be included in the income statement in account
			 401, Operation Expense. However, where the rents are significant in amount, the
			 aggregate thereof shall be shown separately in the income
			 statement.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 1 - UTILITY PLANT › Section 101 - Utility Plant in Service

Current through Register 1525, July 5, 2024
A. This account
		    shall include the cost of utility plant, included in the plant accounts
		    prescribed herein and in similar accounts for other utility departments,
		    including common utility plant, owned and used by the utility in its utility
		    operations, and having an expectation of life in service of more than one year
		    from date of installation, including such property owned by the utility but
		    held by nominees. Separate subaccounts shall be maintained hereunder for each
		    utility department.
B. The cost of
		    additions to and betterments of property leased from others, which are
		    includible in this account, shall be recorded in subdivisions separate and
		    distinct from those relating to owned property. (See gas plant instruction
		    5.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 1 - UTILITY PLANT › Section 104 - Utility Plant Leased to Others

Current through Register 1525, July 5, 2024
A. This account
		    shall include the cost of utility plant owned by the utility, but leased to
		    others as operating units or systems, where the lessee has exclusive
		    possession.
B. The property
		    included in this account shall be classified according to the detailed accounts
		    prescribed for utility plant in service and this account shall be maintained in
		    such detail as though the property were used by the owner in its utility
		    operations.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 1 - UTILITY PLANT › Section 105 - Property Held for Future Use

Current through Register 1525, July 5, 2024
A. This account
		    shall include the cost of property owned and held for future use in utility
		    service under a definite plan for such use. There shall be included herein
		    property acquired but never used by the utility in utility service, but held
		    for such service in the future under a definite plan, and property previously
		    used by the utility in utility service, but retired from such service and held
		    pending its reuse in the future, under a definite plan, in utility
		    service.
B. The property included
		    in this account shall be classified according to the detailed accounts
		    prescribed for utility plant in service and this account shall be maintained in
		    such detail as though the property were in service. Separate subaccounts shall
		    be maintained hereunder for each utility department for which plant is held for
		    future use.
Materials and supplies, meters and house regulators held
			   in reserve, and normal spare capacity of plant in service shall not be included
			   in this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 1 - UTILITY PLANT › Section 106 - Completed Construction Not Classified

Current through Register 1525, July 5, 2024
At the end of the year or such other date as a balance
			 sheet may be required by the Department, this account shall include the total
			 of the balances or work orders for utility plant which has been completed and
			 placed in service but which work orders have not been classified for transfer
			 to the detailed utility plant accounts.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 1 - UTILITY PLANT › Section 107 - Construction Work in Progress

Current through Register 1525, July 5, 2024
A. This account
		    shall include the total of the balances of work orders for utility plant in
		    process of construction.
B. Work
		    orders shall be cleared from this account as soon as practicable after
		    completion of the job. Further, if a project, such as a gas production plant, a
		    compressor station, or a transmission line, is designed to consist of two or
		    more units which may be placed in service at different dates, any expenditures
		    which are common to and which will be used in the operation of the project as a
		    whole shall be included in utility plant in service upon the completion and the
		    readiness for service of the first unit. Any expenditures which are identified
		    exclusively with units of property not yet in service shall be included in this
		    account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 121 - Nonutility Property

Current through Register 1525, July 5, 2024
A. This account
		    shall include the book cost of land, structures, equipment or other tangible or
		    intangible property owned by the utility, but not used in utility service and
		    not properly includible in account 105, Property Held for Future Use.
B. This account shall be subdividied so as to
		    show the amount of property used in operations which are nonutility in
		    character but nevertheless constitute a distinct operating activity of the
		    company and the amount of miscellaneous property not used in operations. The
		    records in support of each subaccount shall be maintained so as to show an
		    appropriate classification of the property.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 123 - Investment in Associated Companies

Current through Register 1525, July 5, 2024
A. This
		    account shall include the book cost of investments in securities issued or
		    assumed by associated companies and investment advances to such companies,
		    including interest accrued thereon when such interest is not subject to current
		    settlement. Include also the offsetting entry to the recording of amortization
		    of discount or premium on interest-bearing investments. (See account 419,
		    Interest and Dividend Income.)
B.
		    This account shall be maintained in such manner as to show the investment in
		    securities of, and advances to, each associated company together with full
		    particulars regarding any of such investments that are pledged.
NOTE A. - Securities and advances of associated companies
			   owned and pledged shall be included in this account, but such securities, if
			   held in special deposits or in special funds, shall be included in the
			   appropriate deposit or fund account. A complete record of securities pledged
			   shall be maintained.
NOTE B. - Securities of associated companies held as
			   temporary cash investments are includible in account 136, Temporary Cash
			   Investments.
NOTE C. - Balances in open accounts with associated
			   companies, which are subject to current settlement, are includible in account
			   146, Accounts Receivable from Associated Companies.
NOTE D. - The utility may write down the cost of any
			   security in recognition of a decline in the value thereof. Securities shall be
			   written off or written down to a nominal value if there be no reasonable
			   prospect of substantial value. Fluctuations in market value shall not be
			   recorded but a permanent impairment in the value of securities shall be
			   recognized in the accounts. When securities are written off or written down,
			   the amount of the adjustment shall be charged to account 435, Miscellaneous
			   Debits to Surplus, or to an appropriate account for accumulated provisions for
			   loss in value established as a separate subdivision of this
			   account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 124 - Other Investments

Current through Register 1525, July 5, 2024
A. This account
		    shall include the book cost of investments in securities issued or assumed by
		    nonassociated companies, investment advances to such companies, and any
		    investments not accounted for elsewhere. Include also the offsetting entry to
		    the recording of amortization of discount or premium on interest-bearing
		    investments. (See account 419, Interest and Dividend Income.)
B. The records shall be maintained in such a
		    manner as to show the amount of each investment and the investment advances to
		    each person.
NOTE A. - Securities owned and pledged shall be included
			   in this account, but securities held in special deposits or in special funds
			   shall be included in appropriate deposit or fund accounts. A complete record of
			   securities pledged shall be maintained.
NOTE B. - Securities held as temporary cash investments
			   shall not be included in this account.
NOTE C. - See note D of account 123, Investment in
			   Associated Companies.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 125 - Sinking Funds

Current through Register 1525, July 5, 2024
This account shall include the amount of cash and book cost
			 of investments held in sinking funds. A separate account, with appropriate
			 title, shall be kept for each sinking fund. Transfers from this account to
			 special deposit accounts may be made as necessary for the purpose of paying
			 matured sinking-fund obligations, or obligations called for redemption but not
			 presented, or the interest thereon.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 126 - Depreciation Fund

Current through Register 1525, July 5, 2024
This account shall include the amount of cash and the book
			 cost of investments which have been segregated in a special fund for the
			 purpose of identifying such assets with the accumulated provisions for
			 depreciation.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 2 - OTHER PROPERTY AND INVESTMENTS › Section 128 - Other Special Funds

Current through Register 1525, July 5, 2024
This account shall include the amount of cash and book cost
			 of investments which have been segregated in special funds for insurance,
			 employee pensions, savings, relief, hospital, and other purposes not provided
			 for elsewhere. A separate account, with appropriate title, shall be kept for
			 each fund.
Amounts deposited with a trustee under the terms of an
			   irrevocable trust agreement for pensions or other employee benefits shall not
			   be included in this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 131 - Cash

Current through Register 1525, July 5, 2024
This account shall include the amount of current cash funds
			 available for general corporate purposes.
Working funds and funds deposited with fiscal agents for
			   payment of interest or dividends or other special purposes are not available
			   for general use and should not be included in this
			   account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 132 - Interest Special Deposits

Current through Register 1525, July 5, 2024
This account shall include special deposits with fiscal
			 agents or others for the payment of interest.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 133 - Dividend Special Deposits

Current through Register 1525, July 5, 2024
This account shall include special deposits with fiscal
			 agents or others for the payment of dividends.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 134 - Other Special Deposits

Current through Register 1525, July 5, 2024
This account shall include deposits with fiscal agents or
			 others for special purposes other than the payment of interest and dividends.
			 Such special deposits may include cash deposited with federal, state, or
			 municipal authorities as a guaranty for the fulfillment of obligations; cash
			 deposited with trustees to be held until mortgaged property sold, destroyed, or
			 otherwise disposed of is replaced; cash realized from the sale of the
			 accounting utility's securities and deposited with trustees to be held until
			 invested in property of the utility, etc. Entries to this account shall specify
			 the purpose for which the deposit is made.
Assets available for general corporate purposes shall not
			   be included in this account. Further, deposits for more than one year, which
			   are not offset by current liabilities, shall not be charged to this account but
			   to account 128, Other Special
			   Funds.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 135 - Working Funds

Current through Register 1525, July 5, 2024
This account shall include cash advanced to officers,
			 agents, employees, and others as petty cash or working funds.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 136 - Temporary Cash Investments

Current through Register 1525, July 5, 2024
A. This account
		    shall include the book cost of investments, such as demand and time loans,
		    bankers' acceptances, United States Treasury certificates, marketable
		    securities, and other similar investments, acquired for the purpose of
		    temporarily investing cash.
B. This
		    account shall be so maintained as to show separately temporary cash investments
		    in securities of associated companies and of others. Records shall be kept of
		    any pledged investments.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 141 - Notes Receivable

Current through Register 1525, July 5, 2024
This account shall include the book cost, not includible
			 elsewhere, of all collectible obligations in the form of notes receivable and
			 similar evidences (except interest coupons) of money due on demand or within
			 one year from the date of issue, except, however, notes receivable from
			 associated companies. (See account 136, Temporary Cash Investments, and account
			 145, Notes Receivable from Associated Companies.)
The face amount of notes receivable discounted, sold or
			   transferred, without releasing the utility from liability as endorser thereon,
			   shall be credited to a separate subdivision of this account and appropriate
			   disclosure shall be made in financial statements of any contingent liability
			   arising from such transactions.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 142 - Customer Accounts Receivable

Current through Register 1525, July 5, 2024
A. This
		    account shall include amounts due from customers for utility service, and for
		    merchandising, jobbing and contract work. This account shall not include
		    amounts due from associated companies.
B. This account shall be maintained so as to
		    show separately amounts due for merchandising, jobbing and contract
		    work.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 143 - Other Accounts Receivable

Current through Register 1525, July 5, 2024
A. This account
		    shall include amounts due the utility upon open accounts, other than amounts
		    due from associated companies and from customers for utility services and
		    merchandising, jobbing and contract work.
B. This account shall be maintained so as to
		    show separately amounts due on subscriptions to capital stock and from officers
		    and employees, but the account shall not include amounts advanced to officers
		    or others as working funds. (See account 135, Working Funds.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 146 - Accounts Receivable from Associated Companies

Current through Register 1525, July 5, 2024
These accounts shall include notes and drafts upon which
			 associated companies are liable, and which mature and are expected to be paid
			 in full not later than one year from the date of issue, together with any
			 interest thereon, and debit balances subject to current settlement in open
			 accounts with associated companies. Items which do not bear a specified due
			 date but which have been carried for more than 12 months and items which are
			 not paid within 12 months from due date shall be transferred to account 123,
			 Investment in Associated Companies.
NOTE A. - On the balance sheet, accounts receivable from
			   an associated company may be set off against accounts payable to the same
			   company.
NOTE B. - The face amount of notes receivable discounted,
			   sold or transferred without releasing the utility from liability as endorser
			   thereon, shall be credited to a separate subdivision of this account and
			   appropriate disclosure shall be made in financial statements of any contingent
			   liability arising from such
			   transactions.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 151 - Fuel

Current through Register 1525, July 5, 2024
This account shall include the book cost of fuel on
			 hand.
ITEMS
1. Invoice
		    price of fuel less any cash or other discounts.
2. Freight, switching, demurrage and other
		    transportation charges, not including, however, any charges for unloading from
		    the shipping medium.
3. Excise
		    taxes, purchasing agents' commissions, insurance and other expenses directly
		    assignable to cost of fuel.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 152 - Fuel Stock Expenses

Current through Register 1525, July 5, 2024
A. This account may
		    include the cost of labor and supplies used and expenses incurred in unloading
		    fuel from the shipping medium and in the handling thereof prior to its use, if
		    such expenses are sufficiently significant in amount to warrant being treated
		    as a part of the cost of fuel inventory rather than being charged direct to
		    expense as incurred.
B. Amounts
		    included herein shall be charged to expense as the fuel is used to the end that
		    the balance herein shall not exceed the expenses attributable to the inventory
		    of fuel on hand.
ITEMS
Labor:
1.
		    Procuring and handling of fuel.
2.
		    All routine fuel analyses.
3.
		    Unloading from shipping facility and putting in storage.
4. Moving of fuel in storage and transferring
		    from one station to another.
5.
		    Handling from storage or shipping facility to first bunker, hopper, bucket,
		    tank, or holder of boiler house structure.
6. Operation of mechanical equipment, such as
		    locomotives, trucks, cars, boats, barges, cranes, etc.
Supplies and Expenses:
7. Tools, lubricants and other
		    supplies.
8. Operating supplies for
		    mechanical equipment.
9.
		    Transportation and other expenses in moving fuel.
10. Stores expenses applicable to
		    fuel.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 153 - Residuals and Extracted Products

Current through Register 1525, July 5, 2024
This account shall include the book cost of residuals or
			 extracted products produced in the manufacture of gas or in natural gas
			 products extraction operations including like products purchased for
			 resale.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 154 - Plan Materials and Operating Supplies

Current through Register 1525, July 5, 2024
A. This
		    account shall include the cost of plant materials and operating supplies
		    purchased primarily for use in the utility business. It shall include also the
		    book cost of materials recovered in connection with construction, maintenance
		    or the retirement of property, such materials being credited to construction,
		    maintenance or accumulative depreciation provision, respectively, and included
		    herein as follows:
(1) Reusable materials
		    consisting of large individual items shall be included in this account at
		    original cost, estimated if not known. The cost of repairing such items shall
		    be charged to the maintenance account appropriate for the previous
		    use.
(2) Reusable materials
		    consisting of relatively small items, the identity of which (from the date of
		    original installation to the final abandonment or sale thereof) cannot be
		    ascertained without undue refinement in accounting, shall be included in this
		    account at current prices new for such items. The cost of repairing such items
		    shall be charged to the appropriate expense account as indicated by previous
		    use.
(3) Scrap and nonusable
		    materials included in this account shall be carried at the estimated net amount
		    realizable therefrom. The difference between the amounts realized for scrap and
		    nonusable materials sold and the net amount at which the materials were carried
		    in this account, as far as practicable, shall be adjusted to the accounts
		    credited when the materials were charged to this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 155 - Merchandise

Current through Register 1525, July 5, 2024
This account shall include the book cost of materials and
			 supplies and appliances and equipment held primarily for merchandising, jobbing
			 and contract work. The principles prescribed in accounting for utility
			 materials and supplies shall be observed in respect to items carried in this
			 account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 156 - Other Material and Supplies

Current through Register 1525, July 5, 2024
This account shall include the book cost of materials and
			 supplies held primarily for nonutility purposes. The principles prescribed in
			 accounting for utility materials and supplies shall be observed in respect to
			 items carried in this account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 165 - Prepayments

Current through Register 1525, July 5, 2024
This account shall include amounts representing prepayments
			 of insurance, rents, taxes, interest and miscellaneous items, and shall be kept
			 or supported in such manner as to disclose the amount of each class of
			 prepayment.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 171 - Interest and Dividends Receivable

Current through Register 1525, July 5, 2024
This account shall include the amount of interest on bonds,
			 mortgages, notes, commercial paper, loans, open accounts, deposits, etc., the
			 payment of which is reasonably assured and the amount of dividends declared or
			 guaranteed on stocks owned.
NOTE A. - Interest which is not subject to current
			   settlement shall not be included herein but in the account in which is carried
			   the principal on which the interest is accrued.
NOTE B. - Interest and dividends receivable from
			   associated companies shall be included in account 146, Accounts Receivable from
			   Associated Companies.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 172 - Rents Receivable

Current through Register 1525, July 5, 2024
This account shall include rents receivable or accrued on
			 property rented or leased by the utility to others.
Rents receivable from associated companies shall be
			   included in account 146, Accounts Receivable from Associated
			   Companies.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 173 - Accrued Utility Revenues

Current through Register 1525, July 5, 2024
At the option of the utility, the estimated amount accrued
			 for service rendered, but not billed at the end of any accounting period, may
			 be included herein. In case accruals are made for unbilled revenues, they shall
			 be made likewise for unbilled expenses, such as for the purchase of
			 gas.