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 › BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS › 3 - CURRENT AND ACCRUED ASSETS › Section 174 - Miscellaneous Current and Accrued Assets

Current through Register 1525, July 5, 2024
This account shall include the book cost of all other
			 current and accrued assets, appropriately designated and supported so as to
			 show the nature of each asset included herein.
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 175 - Reconciliation Adjustment For CGAC

Current through Register 1525, July 5, 2024
This account shall be used to record the cumulative
			 difference between (a) the revenues collected by the application of the Cost of
			 Gas Adjustment Clause (both from the GAF and embedded Base Unit Cost), and (b)
			 Cost of Firm Gas - Allowable for CGAC.
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 175.1 - Base Reconciliation Adjustment for CGAC

Current through Register 1525, July 5, 2024
This account shall be used to record the cumulative
			 difference between base gas revenues and base gas costs. Entries to this
			 account shall be determined as outlined in the Standard Cost of Gas Adjustment
			 Clause,
			 220 CMR
			 6.08.
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 175.2 - Supplemental Reconciliation Adjustment for CGAC

Current through Register 1525, July 5, 2024
This account shall be used to record the cumulative
			 difference between supplemental gas revenues and supplemental gas costs.
			 Entries to this account shall be determined as outlined in the Standard Cost of
			 Gas Adjustment Clause,
			 220 CMR
			 6.08.
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 › 4 - DEFERRED DEBITS › Section 182 - Extraordinary Property Losses

Current through Register 1525, July 5, 2024
A. When
		    authorized or directed by the Department, this account shall include
		    extraordinary losses on property abandoned or otherwise retired from service
		    which are not provided for by the reserve for depreciation or amortization and
		    which could not reasonably have been foreseen and provided for, and
		    extraordinary losses, such as unforeseen damages to property, which could not
		    reasonably have been anticipated and which are not covered by insurance or
		    other provisions.
B. The entire
		    cost, less net salvage, of depreciable property retired shall be charged to
		    reserve for depreciation. If all, or a portion, of the loss is to be included
		    in this account, the reserve for depreciation shall then be credited and this
		    account charged with the amount properly chargeable hereto.
C. Application to the Department for
		    permission to use this account shall be accompanied by a statement giving a
		    complete explanation with respect to the items which it is proposed to include
		    herein, the period over which, and the accounts to which it is proposed to
		    write off the charges, and other pertinent information.
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 › 4 - DEFERRED DEBITS › Section 183 - Preliminary Survey and Investigation Charges

Current through Register 1525, July 5, 2024
A. This account shall be charged with all
		    expenditures for preliminary surveys, plans, investigations, etc., made for the
		    purpose of determining the feasibility of utility projects under contemplation.
		    If construction results, this account shall be credited and the appropriate
		    utility plant account charged. If the work is abandoned, the charge shall be
		    made to account 435, Miscellaneous Debits to Surplus, or to the appropriate
		    operating expense account.
B. The
		    records supporting the entries to this account shall be so kept that the
		    utility can furnish complete information as to the nature and the purpose of
		    the survey, plans, or investigations and the nature and amounts of the several
		    charges.
The amount of preliminary survey and investigation
			   charges transferred to utility plant shall not exceed the expenditures which
			   may reasonably be determined to contribute directly and immediately and without
			   duplication to utility plant.
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 › 4 - DEFERRED DEBITS › Section 184 - Clearing Accounts

Current through Register 1525, July 5, 2024
This caption shall include undistributed balances in
			 clearing accounts at the date of the balance sheet. Balances in clearing
			 accounts shall be substantially cleared not later than the end of the calendar
			 year unless items held therein relate to a future period.
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 › 4 - DEFERRED DEBITS › Section 185 - Temporary Facilities

Current through Register 1525, July 5, 2024
This account shall include amounts shown by work orders for
			 plant installed for temporary use in utility service for periods of less than
			 one year. Such work orders shall be charged with the cost of temporary
			 facilities and credited with payments received from customers and net salvage
			 realized on removal of the temporary facilities. Any net credit or debit
			 resulting shall be cleared to account 488, Miscellaneous Service
			 Revenues.
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 › 4 - DEFERRED DEBITS › Section 186 - Miscellaneous Deferred Debits

Current through Register 1525, July 5, 2024
A. This account
		    shall include all debits not elsewhere provided for, such as miscellaneous work
		    in progress, and unusual or extraordinary expenses, not included in other
		    accounts, which are in process of amortization, and items the proper final
		    disposition of which is uncertain.
B. The records supporting the entries to this
		    account shall be so kept that the utility can furnish full information as to
		    each deferred debit.
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 › 5 - CAPITAL STOCK DISCOUNT AND EXPENSE › Section 191 - Discount on Capital Stock

Current through Register 1525, July 5, 2024
A. This account
		    shall include in a separate subdivision for each class and series of capital
		    stock all discount on the original issuance and sale of capital stock,
		    including additional capital stock of a particular class or series as well as
		    first issues.
B. When capital stock
		    which has been actually issued by the utility is retired, the amount in this
		    account applicable to the shares retired shall be written off to account 210,
		    Gain on Cancellation of Reacquired Capital Stock, provided, however, that the
		    amount shall be charged to account 435, Miscellaneous Debits to Surplus, to the
		    extent that it exceeds the balance in account 210.
C. The utility may amortize the balance in
		    this account by systematic charges to account 425, Miscellaneous Amortization,
		    or it may write off capital stock discount in whole or in part by charges to
		    account 435, Miscellaneous Debits to Surplus.
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 › 5 - CAPITAL STOCK DISCOUNT AND EXPENSE › Section 192 - Capital Stock Expense

Current through Register 1525, July 5, 2024
A. This account
		    shall include in a separate subdivision for each class and series of stock all
		    commissions and expenses incurred in connection with the original issuance and
		    sale of capital stock, including additional capital stock of a particular class
		    or series as well as first issues. Expenses applicable to capital stock shall
		    not be deducted from premium on capital stock.
B. When capital stock which has been actually
		    issued by the utility is retired, the amount in this account applicable to the
		    shares retired shall be written off to account 210, Gain on Cancellation of
		    Reacquired Capital Stock, provided, however, that the amount shall be charged
		    to account 435, Miscellaneous Debits to Surplus, to the extent that it exceeds
		    the balance in account 210.
C. The
		    utility may amortize the balance in this account by systematic charges to
		    account 425, Miscellaneous Amortization, or it may write off capital stock
		    expense in whole or in part by charges to account 435, Miscellaneous Debits to
		    Surplus.
Expenses in connection with the reacquisition of the
			   utility's capital stock shall not be included
			   herein.
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 › 6 - REACQUIRED SECURITIES › Section 196 - Reacquired Capital Stock

Current through Register 1525, July 5, 2024
A. This account
		    shall include in a separate subdivision for each class and series of capital
		    stock the cost of capital stock actually issued by the utility and reacquired
		    by it and not retired or canceled except, however, stock which is held by
		    trustees in sinking or other funds.
B. When reacquired capital stock is retired
		    or canceled, the difference between its cost, including commissions and
		    expenses paid in connection with the reacquisition, and its par value plus any
		    premium and less any discount and expenses applicable to the shares retired,
		    shall be debited or credited, as appropriate, to account 210, Gain on
		    Cancellation of Reacquired Capital Stock, provided, however, that debits shall
		    be charged to account 435, Miscellaneous Debits to Surplus, to the extent that
		    they exceed the balance in account 210.
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 › 6 - REACQUIRED SECURITIES › Section 197 - Reacquired Bonds

Current through Register 1525, July 5, 2024
A. This account
		    shall include the face value of bonds actually issued or assumed by the utility
		    and reacquired by it and not retired or canceled. The account for reacquired
		    debt shall not include securities which are held by trustees in sinking or
		    other funds.
B. When bonds are
		    reacquired, the difference between face value, adjusted for unamortized
		    discount, expense or premium and the amount paid upon reacquisition, shall be
		    included in account 434, Miscellaneous Credits to Surplus, or account 435,
		    Miscellaneous Debits to Surplus, as appropriate. (See, however, account 181,
		    paragraph E, as to refunding operations.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › CAPITAL STOCK › Section 204 - Preferred Stock Issued

Current through Register 1525, July 5, 2024
A. These accounts
			 shall include the par value of each class of capital stock actually issued,
			 including the par value of such capital stock in account 196, Reacquired
			 Capital Stock.
B. When the actual
			 cash value of the consideration received is more or less than the par value,
			 the difference shall be credited or debited, as the case may be, to the premium
			 or discount account for the particular class and series.
C. When capital stock is retired, these
			 accounts shall be charged with the amount at which such stock is carried
			 herein.
D. A separate ledger
			 account, with a descriptive title, shall be maintained for each class and
			 series of stock. The supporting records shall show the shares nominally issued,
			 actually issued, and nominally outstanding.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › CAPITAL STOCK › Section 205 - Preferred Stock Subscribed

Current through Register 1525, July 5, 2024
A. These
			 accounts shall include the amount of legally enforceable subscriptions to
			 capital stock of the utility. They shall be credited with the par value of the
			 stock subscribed, exclusive of accrued dividends, if any. Concurrently, a debit
			 shall be made to subscriptions to capital stock, included as a separate
			 subdivision of account 143, Other Accounts Receivable, for the agreed price and
			 any discount or premium shall be debited or credited to the appropriate
			 discount or premium account. When properly executed stock certificates have
			 been issued representing the shares subscribed, this account shall be debited,
			 and the appropriate capital stock account credited, with the par value of such
			 stock.
B. The records shall be kept
			 in such manner as to show the amount of subscriptions to each class and series
			 of stock.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › CAPITAL STOCK › Section 207 - Premium on Capital Stock

Current through Register 1525, July 5, 2024
A. This account
			 shall include in a separate subdivision for each class and series of stock, the
			 excess of the actual cash value of the consideration received on original
			 issues of capital stock over the par value and accrued dividends of such
			 stock.
B. Premium on capital stock
			 shall not be set off against expenses. Further, a premium received on an issue
			 of a certain class or series of stock shall not be set off against expenses of
			 another issue of the same class or series.
C. When capital stock which has been actually
			 issued is retired, the amount in this account applicable to the shares retired
			 shall be transferred to account 210, Gain on Cancellation of Reacquired Capital
			 Stock.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 208 - Donations Received from Stockholders

Current through Register 1525, July 5, 2024
This account shall include the balance of credits for
			   donations received from stockholders consisting of cash, capital stock of the
			   utility, cancellation or reduction of debt of the utility, and the cash value
			   of other assets received as a donation.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 209 - Reduction in Par Value of Capital Stock

Current through Register 1525, July 5, 2024
This account shall include the balance of credits arising
			   from a reduction in the par value of capital stock.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 210 - Gain on Cancellation of Reacquired Capital Stock

Current through Register 1525, July 5, 2024
This account shall include the balance of credits arising
			   from the cancellation of required capital stock. (See account 196, Reacquired
			   Capital Stock.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 211 - Miscellaneous Paid-in Capital

Current through Register 1525, July 5, 2024
This account shall include the balance of all other
			   credits for paid-in capital which are not properly includible in the foregoing
			   accounts.
Amounts included in capital surplus at the effective
				date of this system of accounts which cannot be classified as to the source
				there of 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 › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 215 - Appropriated Earned Surplus

Current through Register 1525, July 5, 2024
This account shall include the amount of earned surplus
			   which has been appropriated or set aside for specific purposes. Separate
			   sub-accounts shall be maintained under such titles as will designate the
			   purpose for which each appropriation was made.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 216 - Unappropriated Earned Surplus

Current through Register 1525, July 5, 2024
This account shall include the balance, either debit or
			   credit, of unappropriated surplus arising from earnings. It shall not include
			   items includible in any of the accounts for paid-in capital.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 7 - PROPRIETARY CAPITAL › SURPLUS › Section 217 - Surplus Invested in Plant

Current through Register 1525, July 5, 2024
This account shall include such appropriations of surplus
			   as are definitely set aside for construction and for additions to and
			   betterments of the company's plant and property, the cost of which is carried
			   in the plant investment and equipment accounts; or for the acquisition of
			   property the cost of which is includible in account 121, Nonutility
			   Property.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 8 - LONG-TERM DEBT › Section 221 - Bonds

Current through Register 1525, July 5, 2024
This account shall include, in a separate subdivision for
			 each class and series of bonds, the face value of the actually issued and
			 unmatured bonds which have not been retired or canceled; also, the face value
			 of such bonds issued by others the payment of which has been assumed by the
			 utility.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 8 - LONG-TERM DEBT › Section 223 - Advances from Associated Companies

Current through Register 1525, July 5, 2024
A. This
		    account shall include the face value of notes payable to associated companies
		    and the amount of open book accounts representing advances from associated
		    companies. It does not include notes and open accounts representing
		    indebtedness subject to current settlement which are includible in account 233,
		    Notes Payable to Associated Companies, or account 234, Accounts Payable to
		    Associated Companies.
B. The
		    records supporting the entries to this account shall be so kept that the
		    utility can furnish complete information concerning each note and open
		    account.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 8 - LONG-TERM DEBT › Section 224 - Other Long-Term Debt

Current through Register 1525, July 5, 2024
A. This account
		    shall include, until maturity, all long-term debt not otherwise provided for.
		    This covers such items as receivers' certificates, real estate mortgages
		    executed or assumed, assessments for public improvements, notes and unsecured
		    certificates of indebtedness not owned by associated companies, receipts
		    outstanding for long-term debt, and other obligations maturing more than one
		    year from date of issue or assumption.
B. Separate accounts shall be maintained for
		    each class of obligation, and records shall be maintained to show for each
		    class all details as to date of obligation, date of maturity, interest dates
		    and rates, security for the obligation, etc.
Miscellaneous long-term debt reacquired shall be
			   accounted for in accordance with the procedure set forth in account 197,
			   Reacquired Bonds.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 231 - Notes Payable

Current through Register 1525, July 5, 2024
This account shall include the face value of all notes,
			 drafts, acceptances, or other similar evidences of indebtedness, payable on
			 demand or within a time not exceeding one year from date of issue, to other
			 than associated companies.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 232 - Accounts Payable

Current through Register 1525, July 5, 2024
This account shall include all amounts payable by the
			 utility within one year, which are not provided for in other
			 accounts.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 234 - Accounts Payable to Associated Companies

Current through Register 1525, July 5, 2024
These accounts shall include amounts owing to associated
			 companies on notes, drafts, acceptances, or other similar evidences of
			 indebtedness, and open accounts payable on demand or not more than one year
			 from date of issue or creation.
Exclude from these accounts notes and accounts which are
			   includible in account 223, Advances 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 › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 235 - Customer Deposits

Current through Register 1525, July 5, 2024
This amount shall include all amounts deposited with the
			 utility by customers as security for the payment of bills.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 236 - Taxes Accrued

Current through Register 1525, July 5, 2024
A. This account
		    shall be credited with the amount of taxes accrued during the accounting
		    period, corresponding debits being made to the appropriate accounts for tax
		    charges. Such credits may be based upon estimates, but from time to time during
		    the year as the facts become known, the amount of the periodic credits shall be
		    adjusted so as to include as nearly as can be determined in each year the taxes
		    applicable thereto. Any amount representing a prepayment of taxes applicable to
		    the period subsequent to the date of the balance sheet, shall be shown under
		    165, Prepayments.
B. If accruals
		    for taxes are found to be insufficient or excessive, correction therefor shall
		    be made through current tax accruals. However, if such corrections are so large
		    as to seriously distort current expenses, they shall be included in account
		    434, Miscellaneous Credits to Surplus, or account 435, Miscellaneous Debits to
		    Surplus, as appropriate.
C.
		    Accruals for taxes shall be based upon the net amounts payable after credit for
		    any discounts, and shall not include any amounts for interest on tax
		    deficiencies or refunds. Interest received on refunds shall be credited to
		    account 419, Interest and Dividend Income, and interest paid on deficiencies
		    shall be charged to account 431, Other Interest Expense.
D. The records supporting the entries to this
		    account shall be kept so as to show for each class of taxes, the amount
		    accrued, the basis for the accrual, the accounts to which charged, and the
		    amount of tax paid.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 237 - Interest Accrued

Current through Register 1525, July 5, 2024
This account shall include the amount of interest accrued
			 but not matured on all liabilities of the utility not including, however,
			 interest which is added to the principal of the debt on which incurred.
			 Supporting records shall be maintained so as to show the amount of interest
			 accrued on each obligation.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 238 - Dividends Declared

Current through Register 1525, July 5, 2024
This account shall include the amount of dividends which
			 have been declared but not paid. Dividends shall be credited to this account
			 when they become a liability.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 239 - Matured Long-Term Debt

Current through Register 1525, July 5, 2024
This account shall include the amount of long-term debt
			 (including any obligation for premiums) matured and unpaid, without specific
			 agreement for extension of the time of payment and bonds called for redemption
			 but not presented.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 240 - Matured Interest

Current through Register 1525, July 5, 2024
This account shall include the amount of matured interest
			 on long-term debt or other obligations of the utility at the date of the
			 balance sheet unless such interest is added to the principal of the debt on
			 which incurred.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 241 - Tax Collections Payable

Current through Register 1525, July 5, 2024
This account shall include the amount of taxes collected by
			 the utility through payroll deductions or otherwise pending transmittal of such
			 taxes to the proper taxing authority.
Do not include liability for taxes assessed directly
			   against the utility which are accounted for as part of the utility's own tax
			   expense.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 9 - CURRENT AND ACCRUED LIABILITIES › Section 242 - Miscellaneous Current and Accrued Liabilities

Current through Register 1525, July 5, 2024
This account shall include the amount of all other current
			 and accrued liabilities not provided for elsewhere appropriately designated and
			 supported so as to show the nature of each liability.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 10 - DEFERRED CREDITS › Section 251 - Unamortized Premium on Debt

Current through Register 1525, July 5, 2024
This account shall include the total of the credit balances
			 in the discount, expense and premium accounts, for all classes of long-term
			 debt, including receivers' certificates. (See account 181, Unamortized Debt
			 Discount and Expense.)
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 10 - DEFERRED CREDITS › Section 252 - Customer Advances for Construction

Current through Register 1525, July 5, 2024
This account shall include advances by customers for
			 construction which are to be refunded either wholly or in part. When a customer
			 is refunded the entire amount to which he is entitled according to the
			 agreement or rule under which the advance was made, the balance, if any,
			 remaining in this account shall be credited to account 271, Contributions in
			 Aid of Construction.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 10 - DEFERRED CREDITS › Section 253 - Other Deferred Credits

Current through Register 1525, July 5, 2024
This account shall include advance billings and receipts
			 and other deferred credit items, not provided for elsewhere, including amounts
			 which cannot be entirely cleared or disposed of until additional information
			 has been received.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 254 - Reserve for Depreciation of Utility Plant in Service

Current through Register 1525, July 5, 2024
A. This account shall be credited with the
		    following:
(1) Amounts charged to account
		    403, Depreciation Expense, to account 415, Income from Merchandising, Jobbing,
		    and Contract Work, or to clearing accounts for current depreciation
		    expense.
(2) Amounts charged to
		    account 435, Miscellaneous Debits to Surplus, for past accrued
		    depreciation.
(3) Amounts of
		    depreciation applicable to utility properties acquired as operating units or
		    systems.
(4) Amounts charged to
		    account 182, Extraordinary Property Losses, when authorized by the
		    Department.
(5) Amounts of
		    depreciation applicable to utility plant donated to the utility.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 255 - Reserve for Depreciation of Utility Plant Leased to Others

Current through Register 1525, July 5, 2024
A. This account shall be credited with
		    amounts charged to account 412, Income from Utility Plant Leased to Others, for
		    current depreciation expense or to account 435, Miscellaneous Debits to
		    Surplus, for past accrued depreciation of property included in account 104,
		    Utility Plant Leased to Others. Include, also, credits for depreciation
		    applicable to plant acquired as operating units or systems, to plant donated to
		    the utility or for losses transferred to account 182, Extraordinary Property
		    Losses.
B. The requirements of
		    account 254, Reserve for Depreciation of Utility Plant in Service, regarding
		    retirements chargeable thereto and subsidiary data to be maintained shall be
		    applicable likewise to this account.
C. The utility is restricted in its use of
		    this account to the purposes set forth above. It shall not transfer any portion
		    of this account to surplus or make any other use thereof without authorization
		    by the Department.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 256 - Reserve for Depreciation of Property Held for Future Use

Current through Register 1525, July 5, 2024
A. This account shall be credited with
		    amounts charged to account 421, Miscellaneous Nonoperating Income, for
		    depreciation expense on property included in account 105, Property Held for
		    Future Use, from other property accounts.
B. The utility is restricted in its use of
		    this account to the purposes set forth above. It shall not transfer any portion
		    of this account to surplus or make any other use thereof without authorization
		    by the Department.
Normally, this account will not be used for current
			   depreciation provisions because, as provided herein, the service life during
			   which depreciation is computed commences with the date property is includible
			   in utility plant in service. However, if special circumstances indicate the
			   propriety of current accruals for depreciation, such charges shall be made to
			   account 421, Miscellaneous Nonoperating
			   Income.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 257 - Reserve for Amortization of Utility Plant in Service

Current through Register 1525, July 5, 2024
A. This account shall be credited with
		    amounts charged to account 404, Amortization of Limited-Term Utility Plant, for
		    the current amortization of limited-term utility investments, or to account
		    435, Miscellaneous Debits to Surplus, for past accrued amortization. It shall
		    be credited also with amounts which may be charged to account 405, Amortization
		    of Other Utility Plant, to account 425, Miscellaneous Amortization, or to
		    account 435, Miscellaneous Debits to Surplus, to amortize intangible or other
		    utility plant which does not have a definite or terminable life and is not
		    subject to charges for depreciation expense.
B. When any property to which this account
		    applies is sold, relinquished, or otherwise retired from service, this account
		    shall be charged with the amount previously credited in respect to such
		    property. The book cost of the property so retired less the amount chargeable
		    to this account and less the net proceeds realized at retirement shall be
		    included in account 434, Miscellaneous Credits to Surplus, or account 435,
		    Miscellaneous Debits to Surplus, as appropriate.
C. Records shall be maintained so as to show
		    separately the balance applicable to each class of property which is being
		    amortized.
D. The utility is
		    restricted in its use of this account to the purposes set forth above. It shall
		    not transfer any portion of this account to surplus or make any other use
		    thereof without authorization by the Department.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 258 - Reserve for Amortization of Utility Plant Leased to Others

Current through Register 1525, July 5, 2024
A. This account shall be credited with
		    amounts charged to account 412, Income from Utility Plant Leased to Others, for
		    the current amortization of limited-term or other investments subject to
		    amortization included in account 104, Utility Plant Leased to Others, or to
		    account 435, Miscellaneous Debits to Surplus, for past accrued
		    amortization.
B. When any property
		    to which this account applies is sold, relinquished, or otherwise retired from
		    service, this account shall be charged with the amount previously credited in
		    respect to such property. The book cost of the property so retired less the
		    amount chargeable to this account and less the net proceeds realized at
		    retirement shall be included in account 434, Miscellaneous Credits to Surplus,
		    or account 435, Miscellaneous Debits to Surplus, as appropriate.
C. Records shall be maintained so as to show
		    separately the balance applicable to each class of property which is being
		    amortized.
D. The utility is
		    restricted in its use of this account to the purposes set forth above. It shall
		    not transfer any portion of this account to surplus or make any other use
		    thereof without authorization by the Department.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 259 - Reserve for Amortization of Property Held for Future Use

Current through Register 1525, July 5, 2024
A. This account shall be credited with
		    amounts charged to account 421, Miscellaneous Nonoperating Income, for
		    amortization expense on property included in account 105, Property Held for
		    Future Use. Include, also, the balance of the reserve for depreciation of
		    property which may be transferred to account 105, Property Held for Future Use,
		    from other property accounts.
B.
		    The utility is restricted in its use of this account to the purposes set forth
		    above. It shall not transfer any portion of this account to surplus or make any
		    other use thereof without authorization by the Department.
See also note to account 256, Reserve for Depreciation of
			   Property Held for Future Use.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 260 - Reserve for Uncollectible Accounts

Current through Register 1525, July 5, 2024
A. This
		    account shall be credited with amounts provided for losses on accounts
		    receivable which may become uncollectible, and also with collections on
		    accounts previously charged hereto. Concurrent charges shall be made to account
		    904, Uncollectible Accounts, for amounts applicable to utility operations, and
		    to corresponding accounts for other operations. Records shall be maintained so
		    as to show the write-offs of accounts receivable for each utility
		    department.
B. This account shall
		    be subdivided to show the provision applicable to the following classes of
		    accounts receivable:
Utility Customers
Merchandising, Jobbing and Contract Work
Officers and Employees
Others
NOTE A. - Accretions to this account shall not be made in
			   excess of a reasonable provision against losses of the character provided
			   for.
NOTE B. - If provisions for uncollectible notes
			   receivable or for uncollectible receivables from associated companies are
			   necessary, separate subaccounts therefor shall be established under the account
			   in which the receivable is carried.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 261 - Property Insurance Reserve

Current through Register 1525, July 5, 2024
A. This
		    account shall include amounts reserved by the utility for self-insurance
		    against losses through accident, fire, flood, or other hazards to its own
		    property or property leased from others. The amounts charged to account 924,
		    Property Insurance, or other appropriate accounts to cover such risks shall be
		    credited to this account. A schedule of risks covered by this reserve shall be
		    maintained, giving a description of the property involved, the character of the
		    risks covered and the rates used.
B. Charges shall be made to this account for
		    losses covered by self-insurance. Details of these charges shall be maintained
		    according to the year the casualty occurred which gave rise to the
		    loss.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 262 - Injuries and Damages Reserve

Current through Register 1525, July 5, 2024
A. This account
		    shall be credited with amounts charged to account 925, Injuries and Damages, or
		    other appropriate accounts, to meet the probable liability, not covered by
		    insurance, for deaths or injuries to employees and others, and for damages to
		    property neither owned nor held under lease by the utility.
B. When liability for any injury or damage is
		    admitted by the utility either voluntarily or because of the decision of a
		    court or other lawful authority, such as a workmen's compensation board, the
		    admitted liability shall be charged to this account and credited to the
		    appropriate liability account. Details of these charges shall be maintained
		    according to the year the casualty occurred which gave rise to the
		    loss.
Recoveries or reimbursements for losses charged to this
			   account shall be credited hereto; the cost of repairs to property of others, if
			   provided for herein, shall be 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 › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 263 - Pensions and Benefits Reserve

Current through Register 1525, July 5, 2024
A. This account
		    shall include provisions made by the utility and amounts contributed by
		    employees, for pensions, accident and death benefits, savings, relief, hospital
		    and other provident purposes, where the funds represented by the reserve are
		    included in the assets of the utility either in general or in segregated fund
		    accounts.
B. Amounts paid by the
		    utility for the purposes for which this reserve is established shall be charged
		    hereto.
C. A separate account shall
		    be kept for each kind of reserve included herein.
If employee pension or benefit plan funds are not
			   included among the assets of the utility but are held by outside trustees,
			   payments into such funds, or accruals therefor, 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 › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 265 - Miscellaneous Operating Reserves

Current through Register 1525, July 5, 2024
A. This
		    account shall include all operating reserves maintained by the utility which
		    are not provided for elsewhere.
B.
		    This account shall be maintained in such manner as to show the amount of each
		    separate reserve and the nature and amounts of the debits and credits
		    thereto.
This account includes only such reserves as may be
			   created for operating purposes and does not include any reservations of income
			   the credits for which should be carried in account 215, Appropriated Earned
			   Surplus.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 266 - Reserve for Depreciation and Amortization of Nonutility Property

Current through Register 1525, July 5, 2024
This account shall be credited with depreciation and
			 amortization applicable to property other than utility plant.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 267 - Reserve for Deferred Federal Income Taxes-Accelerated Amortization

Current through Register 1525, July 5, 2024
A. This account shall be credited and account
		    410, Provision for Deferred Federal Income Taxes, shall be debited with an
		    amount, for each year, equal to the reduction in federal income taxes for that
		    year resulting from the use of accelerated amortization as permitted under
		    Section 168 of the Internal Revenue Code of 1954.
B. During the period when such accelerated
		    amortization results in increased federal income taxes because of its use in
		    prior years, this account shall be debited and account 411, Federal Income
		    Taxes Deferred in Prior Years-Credit, shall be credited with an amount for each
		    year equal to the increase in federal income taxes for that year until this
		    account is exhausted.
C. Any
		    balances remaining after the expiration of the useful life of the certified
		    defense facilities, or upon the retirement of such facilities, shall be
		    credited to account 411, Federal Income Taxes Deferred in Prior Years-Credit,
		    or otherwise be applied as the Department may authorize or direct.
Code of Massachusetts Regulations › 220 CMR - DEPARTMENT OF PUBLIC UTILITIES › Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies › LIABILITIES AND OTHER CREDITS › 11 - RESERVES › Section 268 - Reserve for Deferred Federal Income Taxes-Liberalized Depreciation

Current through Register 1525, July 5, 2024
A. This account shall be credited and account
		    410, Provision for Deferred Federal Income Taxes, shall be debited with an
		    amount, for each year, equal to the reduction in federal income taxes for that
		    year resulting from the use of liberalized depreciation as permitted under
		    Section 167 of the Internal Revenue Code of 1954.
B. During the period when such liberalized
		    depreciation results in increased federal income taxes because of its use in
		    prior years, this account shall be debited and account 411, Federal Income
		    Taxes Deferred in Prior Years-Credit, shall be credited with an amount for each
		    year equal to the increase in federal income taxes for that year until this
		    account is exhausted.
C. Any
		    balances remaining after the expiration of the useful life of the property for
		    which accounting for liberalized depreciation was followed, or upon the
		    retirement of such facilities, shall be credited to account 411, Federal Income
		    Deferred in Prior Years-Credit, or otherwise be applied as the Department may
		    authorize or direct.