New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter VI - TELEPHONE AND TELEGRAPH CORPORATIONS › Subchapter E - Uniform Systems Of Accounts › Article 1 - Telephone Corporations › Part 661 - Instructions-general › Section 661.4 - Regulated accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a) In the
					 context of this system of accounts, the regulated accounts shall be interpreted
					 to include the investments, revenues and expenses associated with those
					 telecommunications products and services to which the tariff filing
					 requirements contained in this commission's rules, as amended, are applied,
					 except as may be otherwise provided by the commission. Regulated
					 telecommunications products and services are thereby fully subject to the
					 accounting requirements as specified in this commission's rules, as amended,
					 and as detailed in this system of accounts.
(b) In addition to those amounts considered
					 to be regulated by the provisions of subdivision (a) of this section, those
					 telecommunications products and services to which the tariff filing
					 requirements of other jurisdictions are applied shall be accounted for as
					 regulated, except where such treatment is proscribed or otherwise excluded from
					 the requirements pertaining to regulated telecommunications products and
					 services by this commission.
(c) In
					 the application of the detailed accounting requirements contained in this
					 system of accounts when a regulated activity involves the common or joint use
					 of assets and resources in the provision of regulated or nonregulated products
					 and services, companies shall account for these activities within the accounts
					 prescribed in this system for telecommunications company operations. Assets and
					 expenses shall be subdivided in subsidiary records among amounts solely
					 assignable to nonregulated activities, amounts solely assignable to regulated
					 activities, and amounts related to assets used and expenses incurred jointly or
					 in common, which will be allocated between regulated and nonregulated
					 activities. Companies shall submit reports identifying regulated and
					 nonregulated amounts in the manner and at the times prescribed by this
					 commission. Nonregulated revenue items not qualifying for incidental treatment,
					 as provided in section
					 665.12  of
					 this Title, shall be recorded in account 5280, Nonregulated Operating
					 Revenue.
(d) Other income items
					 which are incidental to the provision of regulated products and services shall
					 be accounted for as regulated activities.
(e) All costs and revenues related to the
					 offering of regulated products and services which result from arrangements for
					 joint participation or apportionment between two or more telecommunications
					 companies (e.g., joint operating agreements, settlement agreements,
					 cost-pooling agreements) shall be recorded within the detailed regulated
					 accounts. Under joint operating agreements, the creditor will initially charge
					 the entire expenses to the appropriate primary accounts. The proportion of such
					 expenses borne by the debtor shall be credited by the creditor and charged by
					 the debtor to the account initially charged. Any allowances for return on
					 property used will be accounted for as provided in account 5240, Rent
					 Revenue.
(f) All items of
					 nonregulated revenue, investment and expense that are not properly includable
					 in the detailed, regulated accounts prescribed in this system of accounts, as
					 determined by subdivisions (a) through (e) of this section, shall be accounted
					 for and included in reports to this commission as specified in section
					 661.14  of
					 this Part.