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 › Accounts

Current through Register Vol. 46, No. 28, July 10, 2024
Balance Sheet Accounts
Assets and Other Debits
Utility Plant
Note A:
In accounts 1101, 1102, and 1104 for gas plant are to be be
					 carried the totals of the detailed plant accounts 1301-1390 in which the
					 utility's plant is required to be carried on the utility's plant ledger.
Note B:
If the utility is engaged in more than one utility service,
					 such as gas, electric or steam, and any of its utility plant is used in common
					 for several utility services or for other services, the original cost of such
					 plant may be carried in a separate subdivision of the plant accounts, whereto
					 the word "Common" shall be suffixed to designate such property as
					 common.
Section D 1100.
Gas
				  Plant
This account shall include items provided for in accounts
					 1101 to 1104.
C 1101. Gas Plant in Service
This account shall include the original cost of gas plant
					 owned and used and useful by the utility in the service of the public in its
					 gas operations. The original cost of such plant not owned, including additions
					 to and betterments of property leased from others, shall be included in
					 separate subdivisions of this account. (See gas plant instruction §
										322.8.)
Section C 1102.
Gas
				  Plant Leased to Others
This account shall include the original cost of gas plant
					 owned by the utility and leased to others as operating units or systems when
					 the lessee has exclusive possession, such as an entire production plant,
					 distribution system, or office building.
Section C 1103.
Construction Work in
				  Progress
This account shall include the expenditures on gas plant in
					 process of construction but not ready for service at the date of the balance
					 sheet.
Section C 1104.
Gas Plant Held for Future Use
This account shall include the original cost of gas plant
					 owned and held for future use in gas service under a definite plan for such
					 use. This includes property acquired but never used by the utility in gas
					 service, but held for such service in the future under a definite plan, and
					 property previously used by the utility in gas service, but retired from such
					 service and held pending its reuse in gas service in the future under a
					 definite plan.
Note A:
Materials and supplies and meters and house regulators held
					 in reserve shall not be included in this account.
Note B:
Amounts paid as rentals for land or rights held to insure a
					 future supply of natural gas shall be charged to account 1526, Miscellaneous
					 Non-operating Income, or, in case there is a definite plan for the use of such
					 land or rights, such amounts may be included in account 1104, Gas Plant Held
					 for Future Use; provided, that such rentals for a period in excess of one year
					 shall not be included either in account 1104, Gas Plant Held for Future Use,
					 or, after such land or rights are actually used, in account 1101, Gas Plant in
					 Service, except upon order of this commission.
Note C:
Wells shut in after construction and which have not been
					 connected with the line, and wells which have been connected with the line but
					 which are shut in for any reason except seasonal excess capacity or for
					 repairs, shall be included in this account.
Section
				  D C 1105.
Gas Plant Acquisition Adjustments
(a) With respect to gas plant acquired prior
				  to the effective date hereof and still in service at that date, this account
				  shall include (unless otherwise ordered by this commission) the difference
				  between the amount carried on the books therefor as of the effective date
				  hereof, and the original cost thereof when such difference is not clearly
				  includible in any other account.
(b) With respect to gas plant acquired after
				  December 31, 1938, as an operating unit or system by purchase, merger,
				  consolidation, liquidation or otherwise, this account shall include (unless
				  otherwise ordered by this commission) the difference between (a) the cost to
				  the accounting utility of such gas plant, and (b) the original cost thereof
				  less credits representing contributions (see paragraph B of account 1265,
				  Contributions in Aid of Construction, and gas plant instruction §
											322.1,
				  subd. [e]), less the amount or amounts credited to the depreciation reserves of
				  the accounting utility at the time of acquisition with respect to such gas
				  plant and less the amount in account 1265, Contributions in Aid of
				  Construction.
(c) Whenever
				  practicable, this account shall be subdivided by Class C utilities according to
				  the character of the amounts included herein and so as to show the amounts
				  applicable to gas plant in service, gas plant leased to others, and gas plant
				  held for future use.
(d) A record
				  shall be kept of the amounts in this account for each property acquisition
				  after the effective date hereof.
(e) With respect to the amount applicable to
				  gas plant acquired prior to the effective date hereof, and to each property
				  acquisition thereafter, the utility shall notify the commission as to its
				  program for depreciation, amortization, or other disposition of the amounts
				  included in this account.