New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter III - GAS UTILITIES › Subchapter F - UNIFORM SYSTEMS OF ACCOUNTS › Article 2 - Classes C and D › Part 322 - Instructions-gas Plant Accounts › Section 322.4 - Land and land rights

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Land and
					 land rights (accounts 1310, 1360 and 1370) means land owned in fee by the
					 utility and rights, interests, and privileges held by the utility in land owned
					 by others, such as leaseholds, easements, natural gas rights, rights of way,
					 and other like interests in land.
(b) Separate entries shall be made for the
					 acquisition, transfer, or retirement of each parcel of land, and each land
					 right, or gas right, having a life of more than one year. A record shall be
					 maintained showing the nature of ownership, full legal description, area, map
					 reference, purpose for which used, city, village, county, and tax district in
					 which situated, from whom purchased or to whom sold, payment given or received,
					 other costs, contract date and number, date of recording deed, book and page of
					 record. Entries transferring or retiring land or land rights shall refer to the
					 original entry recording its acquisition.
(c) Entries to the gas plant accounts for
					 limited-term interests in land shall make specific reference to the lease,
					 contract or arrangement under which each interest is held or used, together
					 with a concise statement of the terms of the lease, contract or
					 arrangement.
(d) The cost of
					 buildings and other improvements (other than public improvements) shall not be
					 included in the land accounts. If at the time of acquisition of an interest in
					 land such interest extends to buildings or other improvements (other than
					 public improvements), which are then devoted to gas operations, the land and
					 improvements shall be separately appraised and the cost allocated to land and
					 buildings or improvements on the basis of the appraisals. If the improvements
					 are removed or wrecked without being used in gas operations, the cost thereof
					 and the cost of removing or wrecking shall be charged and the salvage credited
					 to the account in which the cost of the land is recorded.
(e) The principal items to be included in the
					 accounts for land and land rights are as follows:
(1) Bulkheads, not requiring maintenance or
					 replacement
(2) Cost of acquisition
					 of land including mortgages and other liens assumed (but not subsequent
					 interest thereon after the property is placed in service)
(3) Clearing (first cost) the land of brush,
					 trees and debris; and also tree trimming (first cost) when not chargeable to
					 other gas plant accounts
(4)
					 Condemnation proceedings, including court and counsel costs
(5) Consents and abutting damages, payment
					 for
(6) Conveyancers' and notaries'
					 fees
(7) Fees, commissions, etc.,
					 to brokers, agents and others in connection with the acquisition of the land or
					 land rights
(8) Grading the land,
					 except when directly occasioned by the building of a structure
(9) Leases, cost of voiding upon purchase to
					 secure possession of land
(10)
					 Removing, relocating, or reconstructing property of others, in order to acquire
					 quiet possession
(11) Special
					 assessments levied by public authorities for public improvements on the basis
					 of benefits for new roads, new bridges, new sewers, new curbing, new pavements,
					 and other public improvements, but not taxes levied to provide for the
					 maintenance of such improvements
(12) Surveys in connection with the
					 acquisition
(13) Taxes assumed,
					 accrued to date of transfer of title
(14) Title, examining, clearing, insuring,
					 and registering in connection with the acquisition, and defending against
					 claims relating to the period prior to the acquisition