New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter II - ELECTRIC UTILITIES › Subchapter F - UNIFORM SYSTEMS OF ACCOUNTS › Article 3 - Municipal Electric Utilities › Part 197 - Instructions › Section 197.22 - Operating property-continuing property record required (class a and class b utilities only)

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Not later
					 than the effective date of this system of accounts each Class A and B utility
					 shall begin in the preparation of a continuing property record of operating
					 property used in electric operations, subdivided so as to show separately the
					 operating property located in each city, village, or town. Such record of
					 property acquired prior to the effective date of this system of accounts shall
					 be completed not later than two years after the effective date
					 thereof.
(b) The continuing
					 property record shall be arranged in conformity with the operating property
					 accounts and shall show a description of the property and the original cost
					 (see §
											196.1,
					 subd. [a][33]) thereof, except that for such portion of the property, the
					 original cost of which can not be determined without excessive expense, the
					 original cost shall be estimated. In the case of future additions, and so far
					 as reasonably feasible for present property, there shall be shown (either in
					 such continuing property record or in other records referred to therein) for
					 each item of one or more units the date of acquisition (or construction by the
					 accounting utility or any predecessor thereof), the date when first placed in
					 service, the location of the property, and in the case of movable items, the
					 manufacturer's name and any number or other identifying mark imprinted thereon,
					 the number or designation used by the utility, and such other particulars as
					 may be necessary for complete identification. The continuing property record
					 shall show as of the end of each fiscal year, for each prior year's
					 construction, the surviving balance for each continuing property record unit,
					 in terms of both quantities and dollars. Property consisting of a large number
					 of similar items may be grouped and within such groups for each fiscal year the
					 average cost of similar units may be used.
(c) In the case of large items, such as
					 structures, boiler plant equipment, and turbo-generators, the original cost of
					 each unit or group of units comprising a piece of property acquired as a whole,
					 shall be determined when feasible, and otherwise it shall be estimated. In the
					 case of land and structures the original cost of each parcel of land and each
					 structure is sufficient.
(d) The
					 record shall show all essential details and the related costs of equipment in
					 each generating station, substation, transformer station, and transmission
					 line.
(e) Each utility shall file,
					 not later than six months after the effective date of this system of accounts,
					 a statement of the units to be shown separately in the continuing property
					 record. Such units need not be identical with the "Units of Property" to be
					 filed as provided in paragraph (1) of subdivision (b) of section
					 197.23.