New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter II - ELECTRIC 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 electric plant are to
					 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 electric, gas 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.
Electric
				  Plant
This account shall include items provided for in accounts
					 1101 to 1104, below.
Section C
				  1101.
Electric Plant in Service
This account shall include the original cost of electric
					 plant owned and used and useful by the utility in the service of the public in
					 its electric 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 electric plant instruction
					 §
										182.8.)
Section C 1102.
Electric Plant Leased to Others
This account shall include the original cost of electric
					 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 electric
					 plant in process of construction but not ready for service at the date of the
					 balance sheet.
Section C
				  1104.
Electric Plant Held for Future Use
This account shall include the original cost of electric
					 plant owned and held for future use in electric service under a definite plan
					 for such use. This includes property acquired but never used by the utility in
					 electric service, but held for such service in the future under a definite
					 plan, and property previously used by the utility in electric service, but
					 retired from such service and held pending its reuse in electric service in the
					 future under a definite plan.
Note:
Materials and supplies and transformers and meters held in
					 reserve shall not be included in this account.
Section D C 1105.
Electric Plant
				  Acquisition Adjustments
(A) With
				  respect to electric 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 electric 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 electric plant, and (b) the original cost
				  thereof less credit representing contributions (see par. B of account 1265,
				  Contributions in Aid of Construction, [
infra
] and electric
				  plant instruction §
											182.1, subd. [e]), less the amount or amounts credited
				  to the depreciation reserves of the accounting ability at the time of
				  acquisition with respect to such electric 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 electric plant in
				  service, electric plant leased to others, and electric 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 electric 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.