New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter IV - STEAM UTILITIES › Subchapter F - Uniform Systems Of Accounts › Article 1 - Classes A and B › Part 467 - Instructions-operation And Maintenance Accounts › Section 467.6 - Joint facility rents and expenses

Current through Register Vol. 46, No. 28, July 10, 2024
(a) A joint facility for the purpose of this
					 system of accounts is defined as any property occupied or used jointly by the
					 utility and another or others under a definite arrangement whereby the actual
					 costs are shared between or among the parties. Property of the utility occupied
					 or used under a similar definite arrangement between the steam department and a
					 coordinate department or departments shall likewise be considered as a joint
					 facility. (See operating revenue instruction §
											466.5.)
(b) When the utility owns the joint facility,
					 any amount received or transferred as reimbursement of operating or maintenance
					 expenses shall be credited to the appropriate "joint expense--credit" or
					 clearing account except credits for steam transferred, which shall be entered
					 in account 712, steam transferred--credits; amounts received or transferred
					 covering depreciation, taxes and interests or return, shall be credited, in the
					 case of another or others, to account 610, rent from steam property, and in the
					 case of coordinate departments to account 611, interdepartmental
					 rents.
(c) The mount paid by or
					 transferred to the utility for costs of operation and maintenance in connection
					 with occupancy or use of a joint facility shall be charged to the appropriate
					 joint expense--debit or clearing account or accounts; the amount for
					 depreciation, taxes, and interest or return, shall be charged to the rent
					 account appropriate for the class of property involved.
(d) In the event that joint facilities are
					 used by either party in connection with construction work, credits for the full
					 amount received and charges for the full amount paid, as the case may be, shall
					 be made direct to the construction accounts affected.
(e) These instructions are not intended to
					 cover cases of joint ownership of property when each joint owner bears the cost
					 of operating and maintaining its own property. In such cases the cost of
					 operation and maintenance shall be recorded in the appropriate operation and
					 maintenance accounts other than the "joint expense" debit or credit accounts
					 even though one of the joint owners operates or maintains the property and
					 bills against other owners for all or a portion of the expenses
					 incurred.
(f) Steam supplied by the
					 utility from its own supply to a coordinate department shall be accounted for
					 as provided in operating revenue instruction section
					 466.5, and
					 subdivision (b) of this section. If the utility desires to charge the
					 appropriate accounts in any of its steam operations with the cost of steam used
					 from its own supply, credit therefor shall not be made to joint expense
					 accounts but to account 806, duplicate miscellaneous charges--credit.
(g) If the arrangement regarding use of
					 facilities does not provide for the allocation of actual costs, the facilities
					 shall not be considered as joint.
(h) The utility shall be prepared to furnish
					 for each charge or credit the detail thereof and the basis of
					 allocation.