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pdfSUBCHAPTER C—ACCOUNTS, FEDERAL POWER ACT
PART 101—UNIFORM SYSTEM OF
ACCOUNTS PRESCRIBED FOR
PUBLIC UTILITIES AND LICENSEES
SUBJECT TO THE PROVISIONS OF
THE FEDERAL POWER ACT
AUTHORITY: 16 U.S.C. 791a–825r, 2601–2645; 31
U.S.C. 9701; 42 U.S.C. 7101–7352, 7651–7651o.
SOURCE: Order 218, 25 FR 5014, June 7, 1960.
EDITORIAL NOTE: For FEDERAL REGISTER citations affecting part 101, see the List of
CFR Sections Affected, which appears in the
Finding Aids section of the printed volume
and at www.fdsys.gov.
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EFFECTIVE DATE NOTE: At 58 FR 18004–
18006, Apr. 7, 1993, part 101 was amended by
redesignating Definitions 30 through 38 as 31
through 39 and adding new Definition 30;
adding paragraph 21 under the General Instructions; adding Accounts 158.1, 158.2, 182.3,
and 254 under Balance Sheet Accounts; adding Accounts 407.3, 407.4, 411.8, and 411.9
under Income Accounts; and adding Account
509 under Operation and Maintenance Expense Accounts. The added text contains information collection and recordkeeping requirements and will not become effective
until approval has been given by the Office of
Management and Budget.
NOTE: Order 141, 12 FR 8503, Dec. 19, 1947,
provides in part as follows:
Prescribing a system of accounts for public
utilities and licensees under the Federal Power
Act. The Federal Power Commission acting
pursuant to authority granted by the Federal Power Act, particularly sections 301(a),
304(a), and 309, and paragraph (13) of section
3, section 4(b) thereof, and finding such action necessary and appropriate for carrying
out the provisions of said act, hereby adopts
the accompanying system of accounts entitled ‘‘Uniform System of Accounts Prescribed for Public Utilities and Licensees
Subject to the Provisions of the Federal
Power Act,’’ and the rules and regulations
contained therein; and It is hereby ordered:
(a) That said system of accounts and said
rules and regulations contained therein be
and the same are hereby prescribed and promulgated as the system of accounts and
rules and regulations of the Commission to
be kept and observed by public utilities subject to the jurisdiction of the Commission
and by licensees holding licenses issued by
the Commission, to the extent and in the
manner set forth therein;
(b) That said system of accounts and rules
and regulations therein contained shall, as
to all public utilities now subject to the ju-
risdiction of the Commission and as to all
present licensees, become effective on January 1, 1937, and as to public utilities and licensees which may hereafter become subject
to the jurisdiction of the Commission, they
shall become effective as of the date when
such public utility becomes subject to the jurisdiction of the Commission or on the effective date of the license;
(c) That a copy of said system of accounts
and rules and regulation contained therein
be forthwith served upon each public utility
subject to the jurisdiction of the Commission, and each licensee or permittee holding
a license or permit from the Commission.
This system of accounts supersedes the
system of accounts prescribed for licensees
under the Federal Water Power Act; and
Order No. 13, entered November 20, 1922, prescribing said system of accounts, was rescinded effective January 1, 1937.
Applicability of system of accounts. This system of accounts is applicable in principle to
all licensees subject to the Commission’s accounting requirements under the Federal
Power Act, and to all public utilities subject
to the provisions of the Federal Power Act.
The Commission reserves the right, however,
under the provisions of section 301(a) of the
Federal Power Act to classify such licensees
and public utilities and to prescribe a system
of classification of accounts to be kept by
and which will be convenient for and meet
the requirements of each class.
This system of accounts is applicable to
public utilities, as defined in this part, and
to licensees engaged in the generation and
sale of electric energy for ultimate distribution to the public.
This system of accounts shall also apply to
agencies of the United States engaged in the
generation and sale of electric energy for ultimate distribution to the public, so far as
may be practicable, in accordance with applicable statutes.
In accordance with the requirements of
section 3 of the Act (49 Stat. 839; 16 U.S.C.
796(13)), the ‘‘classification of investment in
road and equipment of steam roads, issue of
1914, Interstate Commerce Commission’’, is
published and promulgated as a part of the
accounting rules and regulations of the Commission, and a copy thereof appears as part
103 of this chapter. Irrespective of any rules
and regulations contained in this system of
accounts, the cost of original projects licensed under the Act, and also the cost of additions thereto and betterments thereof,
shall be determined under the rules and principles as defined and interpreted in said classification of the Interstate Commerce Commission so far as applicable.
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CROSS REFERENCES: For application of uniform system of accounts to Class C and D
public utilities and licensees, see part 104 of
this chapter. For statements and reports, see
part 141 of this chapter.
Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject to the Provisions of the Federal Power Act
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Definitions
When used in this system of accounts:
1. Accounts means the accounts prescribed in this system of accounts.
2. Actually issued, as applied to securities issued or assumed by the utility,
means those which have been sold to
bona fide purchasers for a valuable consideration, those issued as dividends on
stock, and those which have been
issued in accordance with contractual
requirements direct to trustees of sinking funds.
3. Actually outstanding, as applied to
securities issued or assumed by the
utility, means those which have been
actually issued and are neither retired
nor held by or for the utility; provided,
however, that securities held by trustees shall be considered as actually outstanding.
4. Amortization means the gradual extinguishment of an amount in an account by distributing such amount
over a fixed period, over the life of the
asset or liability to which it applies, or
over the period during which it is anticipated the benefit will be realized.
5. A. Associated (affiliated) companies
means companies or persons that directly, or indirectly through one or
more intermediaries, control, or are
controlled by, or are under common
control with, the accounting company.
B. Control (including the terms controlling, controlled by, and under common
control with) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a company,
whether such power is exercised
through one or more intermediary
companies, or alone, or in conjunction
with, or pursuant to an agreement, and
whether such power is established
through a majority or minority owner-
Pt. 101
ship or voting of securities, common
directors, officers, or stockholders, voting trusts, holding trusts, associated
companies, contract or any other direct or indirect means.
6. Book cost means the amount at
which property is recorded in these accounts without deduction of related
provisions for accrued depreciation,
amortization, or for other purposes.
7. Commission, means the Federal Energy Regulatory Commission.
8. Continuing Plant Inventory Record
means company plant records for retirement units and mass property that
provide, as either a single record, or in
separate records readily obtainable by
references made in a single record, the
following information:
A. For each retirement unit:
(1) The name or description of the
unit, or both;
(2) The location of the unit;
(3) The date the unit was placed in
service;
(4) The cost of the unit as set forth in
Plant Instructions 2 and 3 of this part;
and
(5) The plant control account to
which the cost of the unit is charged;
and
B. For each category of mass property:
(1) A general description of the property and quantity;
(2) The quantity placed in service by
vintage year;
(3) The average cost as set forth in
Plant Instructions 2 and 3 of this part;
and
(4) The plant control account to
which the costs are charged.
9. Cost means the amount of money
actually paid for property or services.
When the consideration given is other
than cash in a purchase and sale transaction, as distinguished from a transaction involving the issuance of common stock in a merger or a pooling of
interest, the value of such consideration shall be determined on a cash
basis.
10. Cost of removal means the cost of
demolishing,
dismantling,
tearing
down or otherwise removing electric
plant, including the cost of transportation and handling incidental thereto.
It does not include the cost of removal
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18 CFR Ch. I (4–1–12 Edition)
activities associated with asset retirement obligations that are capitalized
as part of the tangible long-lived assets
that give rise to the obligation. (See
General Instruction 25).
11. Debt expense means all expenses in
connection with the issuance and initial sale of evidences of debt, such as
fees for drafting mortgages and trust
deeds; fees and taxes for issuing or recording evidences of debt; cost of engraving and printing bonds and certificates of indebtedness; fees paid trustees; specific costs of obtaining governmental authority; fees for legal services; fees and commissions paid underwriters, brokers, and salesmen for marketing such evidences of debt; fees and
expenses of listing on exchanges; and
other like costs.
12. Depreciation, as applied to depreciable electric plant, means the loss in
service value not restored by current
maintenance, incurred in connection
with the consumption or prospective
retirement of electric plant in the
course of service from causes which are
known to be in current operation and
against which the utility is not protected by insurance. Among the causes
to be given consideration are wear and
tear, decay, action of the elements, inadequacy, obsolescence, changes in the
art, changes in demand and requirements of public authorities.
13. Discount, as applied to the securities issued or assumed by the utility,
means the excess of the par (stated
value of no-par stocks) or face value of
the securities plus interest or dividends
accrued at the date of the sale over the
cash value of the consideration received from their sale.
14. Investment advances means advances, represented by notes or by
book accounts only, with respect to
which it is mutually agreed or intended
between the creditor and debtor that
they shall be settled by the issuance of
securities or shall not be subject to
current settlement.
15. Lease, capital means a lease of
property used in utility or nonutility
operations, which meets one or more of
the criteria stated in General Instruction 19.
16. Lease, operating means a lease of
property used in utility or nonutility
operations, which does not meet any of
the criteria stated in General Instruction 19.
17. Licensee means any person, or
State, licensed under the provisions of
the Federal Power Act and subject to
the Commission’s accounting requirements under the terms of the license.
18. Minor items of property means the
associated parts or items of which retirement units are composed.
19. Net salvage value means the salvage value of property retired less the
cost of removal.
20. Nominally issued, as applied to securities issued or assumed by the utility, means those which have been
signed, certified, or otherwise executed, and placed with the proper officer for sale and delivery, or pledged, or
otherwise placed in some special fund
of the utility, but which have not been
sold, or issued direct to trustees of
sinking funds in accordance with contractual requirements.
21. Nominally outstanding, as applied
to securities issued or assumed by the
utility, means those which, after being
actually issued, have been reacquired
by or for the utility under circumstances which require them to be
considered as held alive and not retired, provided, however, that securities held by trustees shall be considered as actually outstanding.
22. Nonproject property means the
electric plant of a licensee which is not
a part of the project property subject
to a license issued by the Commission.
23. Original cost, as applied to electric
plant, means the cost of such property
to the person first devoting it to public
service.
24. Person means an individual, a corporation, a partnership, an association,
a joint stock company, a business
trust, or any organized group of persons, whether incorporated or not, or
any receiver or trustee.
25. Premium, as applied to securities
issued or assumed by the utility,
means the excess of the cash value of
the consideration received from their
sale over the sum of their par (stated
value of no-par stocks) or face value
and interest or dividends accrued at
the date of sale.
26. Project means complete unit of improvement or development, consisting
of a power house, all water conduits,
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all dams and appurtenant works and
structures (including navigation structures) which are a part of said unit,
and all storage, diverting, or forebay
reservoirs directly connected therewith, the primary line or lines transmitting power therefrom to the point
of junction with the distribution system or with the interconnected primary transmission system, all miscellaneous structures used and useful
in connection with said unit or any
part thereof, and all water rights,
rights of way, ditches, dams, reservoirs, lands, or interest in lands the
use and occupancy of which are necessary or appropriate in the maintenance and operation of such unit.
27. Project property means the property described in and subject to a license issued by the Commission.
28. Property retired, as applied to electric plant, means property which has
been removed, sold, abandoned, destroyed, or which for any cause has
been withdrawn from service.
29. Public utility means any person
who owns or operates facilities subject
to the jurisdiction of the Commission
under the Federal Power Act. (See section 201(e) of said act.)
30. Regional market means an organized energy market operated by a public utility, whether directly or through
a contractual relationship with another entity.
31. Regulatory Assets and Liabilities are
assets and liabilities that result from
rate actions of regulatory agencies.
Regulatory assets and liabilities arise
from specific revenues, expenses, gains,
or losses that would have been included
in net income determination in one period under the general requirements of
the Uniform System of Accounts but
for it being probable:
A. that such items will be included in
a different period(s) for purposes of developing the rates the utility is authorized to charge for its utility services;
or
B. in the case of regulatory liabilities, that refunds to customers, not
provided for in other accounts, will be
required.
32. A. Replacing or replacement, when
not otherwise indicated in the context,
means the construction or installation
of electric plant in place of property
Pt. 101
retired, together with the removal of
the property retired.
B. Research, Development, and Demonstration (RD&D) in the case of Major
utilities means expenditures incurred
by public utilities and licensees either
directly or through another person or
organization (such as research institute, industry association, foundation,
university, engineering company or
similar contractor) in pursuing research, development, and demonstration activities including experiment,
design, installation, construction, or
operation. This definition includes expenditures for the implementation or
development of new and/or existing
concepts until technically feasible and
commercially feasible operations are
verified. Such research, development,
and demonstration costs should be reasonably related to the existing or future utility business, broadly defined,
of the public utility or licensee or in
the environment in which it operates
or expects to operate. The term includes, but is not limited to: All such
costs incidental to the design, development or implementation of an experimental facility, a plant process, a product, a formula, an invention, a system
or similar items, and the improvement
of already existing items of a like nature; amounts expended in connection
with the proposed development and/or
proposed delivery of alternate sources
of electricity; and the costs of obtaining its own patent, such as attorney’s
fees expended in making and perfecting
a patent application. The term includes
preliminary investigations and detailed planning of specific projects for
securing for customers non-conventional electric power supplies that rely
on technology that has not been
verified previously to be feasible. The
term does not include expenditures for
efficiency surveys; studies of management, management techniques and organization; consumer surveys, advertising, promotions, or items of a like
nature.
33.
Retained
Earnings
(formerly
earned surplus) means the accumulated
net income of the utility less distribution to stockholders and transfers to
other capital accounts.
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34. Retirement units means those
items of electric plant which, when retired, with or without replacement, are
accounted for by crediting the book
cost thereof to the electric plant account in which included.
35. Salvage value means the amount
received for property retired, less any
expenses incurred in connection with
the sale or in preparing the property
for sale; or, if retained, the amount at
which the material recoverable is
chargeable to materials and supplies,
or other appropriate account.
36. Service life means the time between the date electric plant is includible in electric plant in service, or electric plant leased to others, and the
date of its retirement. If depreciation
is accounted for on a production basis
rather than on a time basis, then service life should be measured in terms of
the appropriate unit of production.
37. Service value means the difference
between original cost and net salvage
value of electric plant.
38. State means a State admitted to
the Union, the District of Columbia,
and any organized Territory of the
United States.
39. Subsidiary Company in the case of
Major utilities means a company which
is controlled by the utility through
ownership of voting stock. (See Definitions item 5B, Control). A corporate
joint venture in which a corporation is
owned by a small group of businesses
as a separate and specific business or
project for the mutual benefit of the
members of the group is a subsidiary
company for the purposes of this system of accounts.
40. Utility, as used herein and when
not otherwise indicated in the context,
means any public utility or licensee to
which this system of accounts is applicable.
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General Instructions
1. Classification of utilities.
A. For purpose of applying the system of accounts prescribed by the Commission, electric utilities and licensees
are divided into classes, as follows:
(1) Major. Utilities and licensees that
had, in each of the last three consecutive years, sales or transmission serv-
ice that exceeded any one or more of
the following:
(a) One million megawatt-hours of
total sales;
(b) 100 megawatt-hours of sales for
resale;
(c) 500 megawatt-hours of power exchanges delivered; or
(d) 500 megawatt-hours of wheeling
for others (deliveries plus losses).
(2) Nonmajor. Utilities and licensees
that are not classified as Major (as defined above), and had total sales in
each of the last three consecutive years
of 10,000 megawatt-hours or more.
(3) Nonoperating. Utilities and licensees formerly designated as Major or
Nonmajor that have ceased operation
but continue to collect amounts pursuant to a Commission-accepted tariff or
rate schedule, or a Commission order.
B. This system applies to Major,
Nonmajor, and Nonoperating utilities
and licensees. Provisions have been incorporated into this system for those
entities which, prior to January 1, 1984,
were applying the Commission’s Uniform System of Accounts Prescribed
for Public Utilities and Licensees subject to the Provisions of the Federal
Power Act (Class C and Class D) [part
104 of this chapter, now revoked]. The
notations (Nonmajor) and (Major) have
been used to indicate those instructions and accounts from previous systems and classifications, which by definition, are not interchangeable without causing a loss of detail for the
Major (previously Class A and Class B)
or an increase in detail burden on the
Nonmajor (previously Class C and Class
D).
C. The class to which any utility or
licensee belongs will originally be determined by its annual megawatt hours
in each of the last three consecutive
years, or in the case of a newly established entity, the projected data shall
be the basis. Subsequent changes in
classification shall be made as necessary when the megawatt-hours for
each of the three immediately preceding years shall exceed the upper
limit, or be less than the lower limit of
the classification previously applicable
to the utility.
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D. Any utility may, at its option,
adopt the system of accounts prescribed by the Commission for any
larger class of utilities.
2. Records.
A. Each utility shall keep its books
of account, and all other books,
records, and memoranda which support
the entries in such books of account so
as to be able to furnish readily full information as to any item included in
any account. Each entry shall be supported by such detailed information as
will permit ready identification, analysis, and verification of all facts relevant thereto.
B. The books and records referred to
herein include not only accounting
records in a limited technical sense,
but all other records, such as minute
books, stock books, reports, correspondence, memoranda, etc., which
may be useful in developing the history
of or facts regarding any transaction.
C. No utility shall destroy any such
books or records unless the destruction
thereof is permitted by rules and regulations of the Commission.
D. In addition to prescribed accounts,
clearing accounts, temporary or experimental accounts, and subdivisions of
any accounts, may be kept, provided
the integrity of the prescribed accounts is not impaired.
E. All amounts included in the accounts prescribed herein for electric
plant and operating expenses shall be
just and reasonable and any payments
or accruals by the utility in excess of
just and reasonable charges shall be included in account 426.5, Other Deductions.
F. The arrangement or sequence of
the accounts prescribed herein shall
not be controlling as to the arrangement or sequence in report forms
which may be prescribed by the Commission.
3. Numbering System.
A. The account numbering plan used
herein consists of a system of threedigit whole numbers as follows:
100–199 Assets and other debits.
200–299 Liabilities and other credits.
300–399 Plant accounts.
400–432, 434–435 Income accounts.
433, 436–439 Retained earnings accounts.
440–459 Revenue accounts.
500–599 Production, transmission and distribution expenses.
Pt. 101
900–949 Customer accounts, customer service
and informational, sales, and general and
administrative expenses.
B. In certain instances, numbers have
been skipped in order to allow for possible later expansion or to permit better coordination with the numbering
system for other utility departments.
C. The numbers prefixed to account
titles are to be considered as parts of
the titles. Each utility, however, may
adopt for its own purposes a different
system of account numbers (see also
general instruction 2D) provided that
the numbers herein prescribed shall appear in the descriptive headings of the
ledger accounts and in the various
sources of original entry; however, if a
utility uses a different group of account numbers and it is not practicable
to show the prescribed account numbers in the various sources of original
entry, such reference to the prescribed
account numbers may be omitted from
the various sources of original entry.
Moreover, each utility using different
account numbers for its own purposes
shall keep readily available a list of
such account numbers which it uses
and a reconciliation of such account
numbers with the account numbers
provided herein. It is intended that the
utility’s records shall be so kept as to
permit ready analysis by prescribed accounts (by direct reference to sources
of original entry to the extent practicable) and to permit preparation of
financial and operating statements directly from such records at the end of
each accounting period according to
the prescribed accounts.
4. Accounting Period.
Each utility shall keep its books on a
monthly basis so that for each month
all transactions applicable thereto, as
nearly as may be ascertained, shall be
entered in the books of the utility.
Amounts applicable or assignable to
specific utility departments shall be so
segregated monthly. Each utility shall
close its books at the end of each calendar year unless otherwise authorized
by the Commission.
5. Submittal of Questions.
To maintain uniformity of accounting, utilities shall submit questions of
doubtful interpretation to the Commission for consideration and decision.
6. Item Lists.
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Lists of items appearing in the texts
of the accounts or elsewhere herein are
for the purpose of more clearly indicating the application of the prescribed
accounting. The lists are intended to
be representative, but not exhaustive.
The appearance of an item in a list
warrants the inclusion of the item in
the account mentioned only when the
text of the account also indicates inclusion inasmuch as the same item frequently appears in more than one list.
The proper entry in each instance must
be determined by the texts of the accounts.
7. Extraordinary Items.
It is the intent that net income shall
reflect all items of profit and loss during the period with the exception of
prior period adjustments as described
in paragraph 7.1 and long-term debt as
described in paragraph 17 below. Those
items related to the effects of events
and transactions which have occurred
during the current period and which
are of unusual nature and infrequent
occurrence shall be considered extraordinary items. Accordingly, they will be
events and transactions of significant
effect which are abnormal and significantly different from the ordinary and
typical activities of the company, and
which would not reasonably be expected to recur in the forseeable future. (In determining significance,
items should be considered individually
and not in the aggregate. However, the
effects of a series of related transactions arising from a single specific
and identifiable event or plan of action
should be considered in the aggregate.
To be considered as extraordinary
under the above guidelines, an item
should be more than approximately 5
percent of income, computed before extraordinary items. Commission approval must be obtained to treat an
item of less than 5 percent, as extraordinary. (See accounts 434 and 435.)
7.1 Prior period items.
A. Items of profit and loss related to
the following shall be accounted for as
prior period adjustments and excluded
from the determination of net income
for the current year:
(1) Correction of an error in the financial statements of a prior year.
(2) Adjustments that result from realization of income tax benefits of pre-
acquisition
operating
loss
carryforwards of purchased subsidiaries.
B. All other items of profit and loss
recognized during the year shall be included in the determination of net income for that year.
8. Unaudited Items (Major Utility).
Whenever a financial statement is required by the Commission, if it is
known that a transaction has occurred
which affects the accounts but the
amount involved in the transaction
and its effect upon the accounts cannot
be determined with absolute accuracy,
the amount shall be estimated and
such estimated amount included in the
proper accounts. The utility is not required to anticipate minor items which
would not appreciably affect the accounts.
9. Distribution of Pay and Expenses of
Employees.
The charges to electric plant, operating expense and other accounts for
services and expenses of employees engaged in activities chargeable to various accounts, such as construction,
maintenance, and operations, shall be
based upon the actual time engaged in
the respective classes of work, or in
case that method is impracticable,
upon the basis of a study of the time
actually engaged during a representative period.
10. Payroll Distribution.
Underlying accounting data shall be
maintained so that the distribution of
the cost of labor charged direct to the
various accounts will be readily available. Such underlying data shall permit a reasonably accurate distribution
to be made of the cost of labor charged
initially to clearing accounts so that
the total labor cost may be classified
among construction, cost of removal,
electric operating functions (steam
generation, nuclear generation, hydraulic generation, transmission, distribution, etc.) and nonutility operations.
11. Accounting to be on Accrual Basis.
A. The utility is required to keep its
accounts on the accrual basis. This requires the inclusion in its accounts of
all known transactions of appreciable
amount which affect the accounts. If
bills covering such transactions have
not been received or rendered, the
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amounts shall be estimated and appropriate adjustments made when the bills
are received.
B. When payments are made in advance for items such as insurance,
rents, taxes or interest the amount applicable to future periods shall be
charged to account 165, Prepayments,
and spread over the periods to which
applicable by credits to account 165,
and charges to the accounts appropriate for the expenditure.
12. Records for Each Plant (Major Utility).
Separate records shall be maintained
by electric plant accounts of the book
cost of each plant owned, including additions by the utility to plant leased
from others, and of the cost of operating and maintaining each plant
owned or operated. The term plant as
here used means each generating station and each transmission line or appropriate group of transmission lines.
13. Accounting for Other Departments.
If the utility also operates other utility departments, such as gas, water,
etc., it shall keep such accounts for the
other departments as may be prescribed by proper authority and in the
absence of prescribed accounts, it shall
keep such accounts as are proper or
necessary to reflect the results of operating each such department. It is not
intended that proprietary and similar
accounts which apply to the utility as
a whole shall be departmentalized.
14. Transactions With Associated Companies (Major Utility).
Each utility shall keep its accounts
and records so as to be able to furnish
accurately and expeditiously statements of all transactions with associated companies. The statements may
be required to show the general nature
of the transactions, the amounts involved therein and the amounts included in each account prescribed herein with respect to such transactions.
Transactions with associated companies shall be recorded in the appropriate accounts for transactions of the
same nature. Nothing herein contained, however, shall be construed as
restraining the utility from subdividing accounts for the purpose of recording separately transactions with
associated companies.
Pt. 101
15. Contingent Assets and Liabilities
(Major Utility).
Contingent assets represent a possible source of value to the utility contingent upon the fulfillment of conditions regarded as uncertain. Contingent liabilities include items which
may under certain conditions become
obligations of the utility but which are
neither direct nor assumed liabilities
at the date of the balance sheet. The
utility shall be prepared to give a complete statement of significant contingent assets and liabilities (including
cumulative dividends on preference
stock) in its annual report and at such
other times as may be requested by the
Commission.
16. Separate Accounts or Records for
Each Licensed Project.
The accounts or records of each licensee shall be so kept as to show for
each project (including pumped storage) under license;
(a) The actual legitimate original
cost of the project, including the original cost (or fair value, as determined
under section 23 of the Federal Power
Act) of the original project, the original cost of additions thereto and betterments thereof and credits for property retired from service, as determined under the Commission’s regulations;
(b) The charges for operation and
maintenance of the project property directly assignable to the project;
(c) The credits and debits to the depreciation and amortization accounts,
and the balances in such accounts;
(d) The credits and debits to operating revenue, income, and retained
earnings accounts that can be identified with and directly assigned to the
project.
NOTE: The purpose of this instruction is to
insure that accounts or records are currently
maintained by each licensee from which reports may be made to the Commission for
use in determining the net investment in
each licensed project. The instruction covers
only the debit and credit items appearing in
the licensee’s accounts which may be identified with and assigned directly to any licensed project. In the determination of the
net investment as defined in section 3 of the
Federal Power Act, allocations of items affecting the net investment may be required
where direct assignment is not practicable.
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17. Long-Term Debt: Premium, Discount
and Expense, and Gain or Loss on Reacquisition.
A. Premium, discount and expense. A
separate premium, discount and expense account shall be maintained for
each class and series of long-term debt
(including receivers’ certificates) issued or assumed by the utility. The
premium will be recorded in account
225, Unamortized Premium on LongTerm Debt, the discount will be recorded in account 226, Unamortized
Discount on Long-Term Debt—Debit,
and the expense of issuance shall be recorded in account 181, Unamortized
Debt Expense.
The premium, discount and expense
shall be amortized over the life of the
respective issues under a plan which
will distribute the amounts equitably
over the life of the securities. The amortization shall be on a monthly basis,
and amounts thereof relating to discount and expense shall be charged to
account 428, Amortization of Debt Discount and Expense. The amounts relating to premium shall be credited to account 429, Amortization of Premium on
Debt—Credit.
B. Reacquisition, without refunding.
When long-term debt is reacquired or
redeemed without being converted into
another form of long-term debt and
when the transaction is not in connection with a refunding operation (primarily redemptions for sinking fund
purposes), the difference between the
amount paid upon reacquisition and
the face value; plus any un- amortized
premium less any related unamortized
debt expense and reacquisition costs;
or less any unamortized discount, related debt expense and reacquisition
costs applicable to the debt redeemed,
retired and canceled, shall be included
in account 189, Unamortized Loss on
Reacquired Debt, or account 257,
Unamortized Gain on Reacquired Debt,
as appropriate. The utility shall amortize the recorded amounts equally on a
monthly basis over the remaining life
of the respective security issues (old
original debt). The amounts so amortized shall be charged to account 428.1,
Amortization of Loss on Reacquired
Debt, or credited to account 429.1, Amortization of Gain on Reacquired
Debt—Credit, as appropriate.
C. Reacquisition, with refunding. When
the redemption of one issue or series of
bonds or other long-term obligations is
financed by another issue or series before the maturity date of the first
issue, the difference between the
amount paid upon refunding and the
face value; plus any unamortized premium less related debt expense or less
any unamortized discount and related
debt expense, applicable to the debt refunded, shall be included in account
189, Unamortized Loss on Reacquired
Debt, or account 257, Unamortized Gain
on Reacquired Debt, as appropriate.
The utility may elect to account for
such amounts as follows:
(1) Write them off immediately when
the amounts are insignificant.
(2) Amortize them by equal monthly
amounts over the remainder of the
original life of the issue retired, or
(3) Amortize them by equal monthly
amounts over the life of the new issue.
Once an election is made, it shall be
applied on a consistent basis. The
amounts in (1), (2) or (3) above shall be
charged to account 428.1. Amortization
of Loss on Reacquired Debt, or credited
to account 429.1, Amortization of Gain
on Reacquired Debt—Credit, as appropriate.
D. Under methods (2) and (3) above,
the increase or reduction in current income taxes resulting from the reacquisition should be apportioned over the
remainder of the original life of the
issue retired or over the life of the new
issue, as appropriate, as directed more
specifically in paragraphs E and F
below.
E. When the utility recognizes the
loss in the year of reacquisition as a
tax deduction, account 410.1, Provision
for Deferred Income Taxes, Utility Operating Income, shall be debited and
account 283, Accumulated Deferred Income Taxes—Other, shall be credited
with the amount of the related tax effect, such amount to be allocated to
the periods affected in accordance with
the provisions of account 283.
F. When the utility chooses to recognize the gain in the year of reacquisition as a taxable gain, account 411.1,
Provision for Deferred Income Taxes—
Credit, Utility Operating Income, shall
be credited and account 190, Accumulated Deferred Income Taxes, shall be
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debited with the amount of the related
tax effect, such amount to be allocated
to the periods affected in accordance
with the provisions of account 190.
G. When the utility chooses to use
the optional privilege of deferring the
tax on the gain attributable to the reacquisition of debt by reducing the depreciable basis of utility property for
tax purposes, pursuant to section 108 of
the Internal Revenue Code, the related
tax effects shall be deferred as the income is recognized for accounting purposes, and the deferred amounts shall
be amortized over the life of the associated property on a vintage year basis.
Account 410.1, Provision for Deferred
Income Taxes, Utility Operating Income, shall be debited, and account 282,
Accumulated Deferred Income Taxes—
Other Property shall be credited with
an amount equal to the estimated income tax effect applicable to the portion of the income, attributable to reacquired debt, recognized for accounting purposes during the period. Account 282 shall be debited and account
411.1, Provision for Deferred Income
Taxes—Credit, Utility Operating Income, shall be credited with an amount
equal to the estimated income tax effects, during the life of the property,
attributable to the reduction in the depreciable basis for tax purposes.
H. The tax effects relating to gain or
loss shall be allocated as above to utility operations except in cases where a
portion of the debt reacquired is directly applicable to nonutility operations. In that event, the related portion of the tax effects shall be allocated to nonutility operations. Where
it can be established that reacquired
debt is generally applicable to both
utility and nonutility operations, the
tax effects shall be allocated between
utility and nonutility operations based
on the ratio of net investment in utility plant to net investment in nonutility plant.
I. Premium, discount, or expense on
debt shall not be included as an element in the cost of construction or acquisition of property (tangible or intangible), except under the provisions
of account 432, Allowance for Borrowed
Funds Used During Construction—
Credit.
Pt. 101
J. Alternate method. Where a regulatory authority or a group of regulatory authorities having prime rate
jurisdiction over the utility specifically disallows the rate principle of
amortizing gains or losses on reacquisition of long-term debt without refunding, and does not apply the gain or loss
to reduce interest charges in computing the allowed rate of return for
rate purposes, then the following alternate method may be used to account
for gains or losses relating to reacquisition of long-term debt, with or without refunding.
(1) The difference between the
amount paid upon reacquisition of any
long-term debt and the face value, adjusted for unamortized discount, expenses or premium, as the case may be,
applicable to the debt redeemed shall
be recognized currently in income and
recorded in account 421, Miscellaneous
Nonoperating Income, or account 426.5,
Other Deductions.
(2) When this alternate method of accounting is used, the utility shall include a footnote to each financial
statement, prepared for public use, explaining why this method is being used
along with the treatment given for
ratemaking purposes.
18. Comprehensive Interperiod In- come
Tax Allocation.
A. Where there are timing differences
between the periods in which transactions affect taxable income and the
periods in which they enter into the determination of pretax accounting income, the income tax effects of such
transactions are to be recognized in the
periods in which the differences between book accounting income and
taxable income arise and in the periods
in which the differences reverse using
the deferred tax method. In general,
comprehensive interperiod tax allocation should be followed whenever
transactions enter into the determination of pretax accounting income for
the period even though some transactions may affect the determination
of taxes payable in a different period,
as further qualified below.
B. Utilities are not required to utilize
comprehensive interperiod income tax
allocation until the deferred income
taxes are included as an expense in the
rate level by the regulatory authority
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having rate jurisdiction over the utility. Where comprehensive interperiod
tax allocation accounting is not practiced the utility shall include as a note
to each financial statement, prepared
for public use, a footnote explanation
setting forth the utility’s accounting
policies with respect to interperiod tax
allocation and describing the treatment for ratemaking purposes of the
tax timing differences by regulatory
authorities having rate jurisdiction.
C. Should the utility be subject to
more than one agency having rate jurisdiction, its accounts shall appropriately reflect the ratemaking treatment (deferral or flow through) of each
jurisdiction.
D. Once comprehensive interperiod
tax allocation has been initiated either
in whole or in part it shall be practiced
on a consistent basis and shall not be
changed or discontinued without prior
Commission approval.
E. Tax effects deferred currently will
be recorded as deferred debits or deferred credits in accounts 190, Accumulated Deferred Income Taxes, 281, Accumulated Deferred Income Tax- es—Accelerated Amortization Property, 282,
Accumulated Deferred Income Taxes—
Other Property, and 283, Accumulated
Deferred Income Taxes—Other, as appropriate. The resulting amounts recorded in these accounts shall be disposed of as prescribed in this system of
accounts or as otherwise authorized by
the Commission.
19. Criteria for classifying leases.
A. If at its inception a lease meets
one or more of the following criteria,
the lease shall be classified as a capital
lease. Otherwise, it shall be classified
as an operating lease.
(1) The lease transfers ownership of
the property to the lessee by the end of
the lease term
(2) The lease contains a bargain purchase option.
(3) The lease term is equal to 75 percent or more of the estimated economic life of the leased property. However, if the beginning of the lease term
falls within the last 25 percent of the
total estimated economic life of the
leased property, including earlier years
of use, this criterion shall not be used
for purposes of classifying the lease.
(4) The present value at the beginning of the lease term of the minimum
lease payments, excluding that portion
of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, including any profit thereon,
equals or exceeds 90 percent of the excess of the fair value of the leased property to the lessor at the inception of
the lease over any related investment
tax credit retained by the lessor and
expected to be realized by the lessor.
However, if the beginning of the lease
term falls within the last 25 percent of
the total estimated economic life of
the leased property, including earlier
years of use, this criterion shall not be
used for purposes of classifying the
lease. The lessee utility shall compute
the present value of the minimum
lease payments using its incremental
borrowing rate, unless (A) it is practicable for the utility to learn the implicit rate computed by the lessor, and
(B) the implicit rate computed by the
lessor is less than the lessee’s incremental borrowing rate. If both of those
conditions are met, the lessee shall use
the implicit rate.
B. If at any time the lessee and lessor
agree to change the provisions of the
lease, other than by renewing the lease
or extending its term, in a manner that
would have resulted in a different classification of the lease under the criteria in paragraph A had the changed
terms been in effect at the inception of
the lease, the revised agreement shall
be considered as a new agreement over
its term, and the criteria in paragraph
A shall be applied for purposes of
classifying the new lease. Likewise,
any action that extends the lease beyond the expiration of the existing
lease term, such as the exercise of a
lease renewal option other than those
already included in the lease term,
shall be considered as a new agreement
and shall be classified according to the
above provisions. Changes in estimates
(for example, changes in estimates of
the economic life or of the residual
value of the leased property) or
changes in circumstances (for example,
default by the lessee) shall not give
rise to a new classification of a lease
for accounting purposes.
20. Accounting for leases.
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A. All leases shall be classified as either capital or operating leases. The
accounting for capitalized leases is effective January 1, 1984, except for the
retroactive classification of certain
leases which, in accordance with FASB
No. 71, will not be required to be capitalized until after a three year transition period. For the purpose of reporting to the FERC, the transition period
shall be deemed to end December 31,
1986.
B. The utility shall record a capital
lease as an asset in account 101.1, Property under Capital Leases, Account
120.6, Nuclear Fuel under Capital
Leases, or account 121, Nonutility
Property, as appropriate, and an obligation in account 227, Obligations
under Capital Leases—Noncurrent, or
account 243, Obligations under Capital
Leases—Current, at an amount equal
to the present value at the beginning of
the lease term of minimum lease payments during the lease term, excluding
that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be
paid by the lessor, together with any
profit thereon. However, if the amount
so determined exceeds the fair value of
the leased property at the inception of
the lease, the amount recorded as the
asset and obligation shall be the fair
value.
C. The utility, as a lessee, shall recognize an asset retirement obligation
(See General Instruction 25) arising
from the plant under a capital lease
unless the obligation is recorded as an
asset and liability under a capital
lease. The utility shall record the asset
retirement cost by debiting account
101.1, Property under capital leases, or
account 120.6, Nuclear fuel under capital leases, or account 121, Nonutility
property, as appropriate, and crediting
the liability for the asset retirement
obligation in account 230, Asset retirement obligations. Asset retirement
costs recorded in account 101.1, account
120.6, or account 121 shall be amortized
by charging rent expense (See Operating Expense Instruction 3), or account 518, Nuclear fuel expense (Major
only), or account 421, Miscellaneous
nonoperating income, as appropriate,
and crediting a separate subaccount of
the account in which the asset retire-
Pt. 101
ment costs are recorded. Charges for
the periodic accretion of the liability
in account 230, Asset retirement obligations, shall be recorded by a charge
to account 411.10, Accretion expense,
for electric utility plant, and account
421, Miscellaneous nonoperating income, for nonutility plant and a credit
to account 230, Asset retirement obligations.
D. Rental payments on all leases
shall be charged to rent expense, fuel
expense, construction work in progress,
or other appropriate accounts as they
become payable.
E. For a capital lease, for each period
during the lease term, the amounts recorded for the asset and obligation
shall be reduced by an amount equal to
the portion of each lease payment that
would have been allocated to the reduction of the obligation, if the payment
had been treated as a payment on an
installment obligation (liability) and
allocated between interest expense and
a reduction of the obligation so as to
produce a constant periodic rate of interest on the remaining balance.
21. Allowances.
A. Title IV of the Clean Air Act
Amendments of 1990, Public Law No.
101–549, 104 Stat. 2399, 2584, provides for
the issuance of allowances as a means
to limit the emissions of certain airborne pollutants by various entities,
including public utilities. Public utilities owning allowances, other than
those acquired for speculative purposes, shall account for such allowances at cost in Account 158.1, Allowance Inventory, or Account 158.2, Allowances Withheld, as appropriate. Allowances acquired for speculative purposes and identified as such in contemporaneous records at the time of purchase shall be accounted for in Account
124, Other Investments.
B. When purchased allowances become eligible for use in different years,
and the allocation of the purchase cost
cannot be determined by fair value, the
purchase cost allocated to allowances
of each vintage shall be determined
through use of a present-value based
measurement. The interest rate used in
the present-value measurement shall
be the utility’s incremental borrowing
rate, in the month in which the allowances are acquired, for a loan with a
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term similar to the period that it will
hold the allowances and in an amount
equal to the purchase price.
C. The underlying records supporting
Account 158.1 and Account 158.2 shall
be maintained in sufficient detail so as
to provide the number of allowances
and the related cost by vintage year.
D. Issuances from inventory from inventory included in Account 158.1 and
Account 158.2 shall be accounted for on
a vintage basis using a monthly
weighted-average method of cost determination. The cost of eligible allowances not used in the current year
shall be transferred to the vintage for
the immediately following year.
E. Account 158.1 shall be credited and
Account 509, Allowances, debited so
that the cost of the allowances to be
remitted for the year is charged to expense monthly based on each month’s
emissions. This may, in certain circumstances, require allocation of the
cost of an allowance between months
on a fractional basis.
F. In any period in which actual
emissions exceed the amount allowable
based on eligible allowances owned, the
utility shall estimate the cost to acquire the additional allowances needed
and charge Account 158.1 with the estimated cost. This estimated cost of future allowance acquisitions shall be
credited to Account 158.1 and charged
to Account 509 in the same accounting
period as the related charge to Account
158.1. Should the actual cost of these
allowances differ from the estimated
cost, the differences shall be recognized
in the then-current period’s inventory
issuance cost.
G. Any penalties assessed by the Environmental Protection Agency for the
emission of excess pollutants shall be
charged to Account 426.3, Penalties.
H. Gains on dispositions of allowances, other than allowances held for
speculative purposes, shall be accounted for as follows. First, if there is
uncertainty as to the regulatory treatment, the gain shall be deferred in Account 254, Other Regulatory Liabilities, pending resolution of the uncertainty. Second, if there is certainty as
to the existence of a regulatory liability, the gain will be credited to Account 254, with subsequent recognition
in income when reductions in charges
to customers occur or the liability is
otherwise satisfied. Third, all other
gains will be credited to Account 411.8,
Gains from Disposition of Allowances.
Losses on disposition of allowances,
other than allowances held for speculative purposes, shall be accounted for as
follows. Losses that qualify as regulatory assets shall be charged directly
to Account 182.3, Other Regulatory Assets. All other losses shall be charged
to Account 411.9, Losses from Disposition of Allowances. (See Definition No.
30.) Gains or losses on disposition of allowances held for speculative purposes
shall be recognized in Account 421, Miscellaneous Nonoperating Income, or
Account 426.5, Other Deductions, as appropriate.
22. Depreciation Accounting.
A. Method. Utilities must use a method of depreciation that allocates in a
systematic and rational manner the
service value of depreciable property
over the service life of the property.
B. Service lives. Estimated useful service lives of depreciable property must
be supported by engineering, economic,
or other depreciation studies.
C. Rate. Utilities must use percentage
rates of depreciation that are based on
a method of depreciation that allocates
in a systematic and rational manner
the service value of depreciable property to the service life of the property.
Where composite depreciation rates are
used, they should be based on the
weighted average estimated useful
service lives of the depreciable property comprising the composite group.
23. Accounting for other comprehensive
income.
A. Utilities shall record items of
other comprehensive income in account 219, Accumulated other comprehensive income. Amounts included
in this account shall be maintained by
each category of other comprehensive
income. Examples of categories of
other comprehensive income include,
foreign currency items, minimum pension liability adjustments, unrealized
gains and losses on available-for-sale
type securities and cash flow hedge
amounts. Supporting records shall be
maintained for account 219 so that the
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company can readily identify the cumulative amount of other comprehensive income for each item included in
this account.
B. When an item of other comprehensive income enters into the determination of net income in the current or
subsequent periods, a reclassification
adjustment shall be recorded in account 219 to avoid double counting of
that amount.
C. When it is probable that an item of
other comprehensive income will be included in the development of cost-ofservice rates in subsequent periods,
that amount of unrealized losses or
gains will be recorded in Accounts 182.3
or 254 as appropriate.
24. Accounting for derivative instruments and hedging activities.
A. Utilities shall recognize derivative
instruments as either assets or liabilities in the financial statements and
measure those instruments at fair
value, except those falling within recognized exceptions. Normal purchases
or sales are contracts that provide for
the purchase or sale of goods that will
be delivered in quantities expected to
be used or sold by the utility over a
reasonable period in the normal course
of business. A derivative instrument is
a financial instrument or other contract with all of the following characteristics:
(1) It has one or more underlyings
and a notional amount or payment provision. Those terms determine the
amount of the settlement or settlements, and, in some cases, whether or
not a settlement is required.
(2) It requires no initial net investment or an initial net investment that
is smaller than would be required for
other types of contracts that would be
expected to have a similar response to
changes in market factors.
(3) Its terms require or permit net
settlement, can readily be settled net
by a means outside the contract, or
provides for delivery of an asset that
puts the recipient in a position not
substantially different from net settlement.
B. The accounting for the changes in
the fair value of derivative instruments
depends upon its intended use and designation. Changes in the fair value of
derivative instruments not designated
Pt. 101
as fair value or cash flow hedges shall
be recorded in account 175, derivative
instrument assets, or account 244, derivative instrument liabilities, as appropriate, with the gains recorded in
account 421, miscellaneous nonoperating income, and losses recorded in
account 426.5, other deductions.
C. A derivative instrument may be
specifically designated as a fair value
or cash flow hedge. A hedge is used to
manage risk to price, interest rates, or
foreign currency transactions. A company shall maintain documentation of
the hedge relationship at the inception
of the hedge that details the risk management objective and strategy for undertaking the hedge, the nature of the
risk being hedged, and how hedge effectiveness will be determined.
D. If the utility designates the derivative instrument as a fair value hedge
against exposure to changes in the fair
value of a recognized asset, liability, or
a firm commitment, it shall record the
change in fair value of the derivative
instrument to account 176, derivative
instrument assets-hedges, or account
245, derivative instrument liabilitieshedges, as appropriate, with a corresponding adjustment to the subaccount of the item being hedged. The
ineffective portion of the hedge transaction shall be reflected in the same
income or expense account that will be
used when the hedged item enters into
the determination of net income. In
the case of a fair value hedge of a firm
commitment a new asset or liability is
created. As a result of the hedge relationship, the new asset or liability will
become part of the carrying amount of
the item being hedged.
E. If the utility designates the derivative instrument as a cash flow hedge
against exposure to variable cash flows
of a probable forecasted transaction, it
shall record changes in the fair value of
the derivative instrument in account
176, derivative instrument assetshedges, or account 245, derivative instrument liabilities-hedges, as appropriate, with a corresponding amount in
account 219, accumulated other comprehensive income, for the effective
portion of the hedge. The ineffective
portion of the hedge transaction shall
be reflected in the same income or expense account that will be used when
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the hedged item enters into the determination of net income. Amounts recorded in other comprehensive income
shall be reclassified into earnings in
the same period or periods that the
hedged forecasted item enters into the
determination of net income.
25. Accounting for asset retirement obligations.
A. An asset retirement obligation represents a liability for the legal obligation associated with the retirement of
a tangible long-lived asset that a company is required to settle as a result of
an existing or enacted law, statute, ordinance, or written or oral contract or
by legal construction of a contract
under the doctrine of promissory estoppel. An asset retirement cost represents
the amount capitalized when the liability is recognized for the long-lived
asset that gives rise to the legal obligation. The amount recognized for the liability and an associated asset retirement cost shall be stated at the fair
value of the asset retirement obligation in the period in which the obligation is incurred.
B. The utility shall initially record a
liability for an asset retirement obligation in account 230, Asset retirement
obligations, and charge the associated
asset retirement costs to electric utility plant (including accounts 101.1 and
120.6), and nonutility plant, as appropriate, related to the plant that gives
rise to the legal obligation. The asset
retirement cost shall be depreciated
over the useful life of the related asset
that gives rise to the obligations. For
periods subsequent to the initial recording of the asset retirement obligation, a utility shall recognize the period to period changes of the asset retirement obligation that result from
the passage of time due to the accretion of the liability and any subsequent
measurement changes to the initial liability for the legal obligation recorded in account 230, Asset retirement
obligations, as follows:
(1) The utility shall record the accretion of the liability by debiting account 411.10, Accretion expense, for
electric utility plant, account 413, Expenses of electric plant leased to others, for electric plant leased to others,
and account 421, Miscellaneous nonoperating income, for nonutility plant
and crediting account 230, Asset retirement obligations; and
(2) The utility shall recognize any
subsequent measurement changes of
the liability initially recorded in account 230, Asset retirement obligations, for each specific asset retirement obligation as an adjustment of
that liability in account 230 with the
corresponding adjustment to electric
utility plant, electric plant leased to
others, and nonutility plant, as appropriate. The utility shall on a timely
basis
monitor
any
measurement
changes of the asset retirement obligations.
C. Gains or losses resulting from the
settlement of asset retirement obligations associated with utility plant resulting from the difference between the
amount of the liability for the asset retirement obligation included in account 230, Asset retirement obligations, and the actual amount paid to
settle the obligation shall be accounted
for as follows:
(1) Gains shall be credited to account
411.6, Gains from disposition of utility
plant, and;
(2) Losses shall be charged to account
411.7, Losses from disposition of utility
plant.
D. Gains or losses on the settlement
of asset retirement obligations associated with nonutility plant resulting
from the difference between the
amount of the liability for the asset retirement obligation in account 230,
Asset retirement obligations, and the
amount paid to settle the obligation,
shall be accounted for as follows:
(1) Gains shall be credited to account
421, Miscellaneous nonoperating income, and;
(2) Losses shall be charged to account
426.5, Other deductions.
E. Separate subsidiary records shall
be maintained for each asset retirement obligation showing the initial liability and associated asset retirement
cost, any incremental amounts of the
liability incurred in subsequent reporting periods for additional layers of the
original liability and related asset retirement cost, the accretion of the liability, the subsequent measurement
changes to the asset retirement obligation, the depreciation and amortization
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of the asset retirement costs and related accumulated depreciation, and
the settlement date and actual amount
paid to settle the obligation. For purposes of analyses a utility shall maintain supporting documentation so as to
be able to furnish accurately and expeditiously with respect to each asset retirement obligation the full details of
the identity and nature of the legal obligation, the year incurred, the identity of the plant giving rise to the obligation, the full particulars relating to
each component and supporting computations related to the measurement
of the asset retirement obligation.
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Electric Plant Instructions
1. Classification of electric plant at effective date of system of accounts (Major
utilities).
A. The electric plant accounts provided herein are the same as those contained in the prior system of accounts
except for inclusion of accounts for nuclear production plant and some
changes in classification in the general
equipment accounts. Except for these
changes, the balances in the various
plant accounts, as determined under
the prior system of accounts, should be
carried forward. Any remaining balance of plant which has not yet been
classified, pursuant to the requirements of the prior system, shall be
classified in accordance with the following instructions.
B. The cost to the utility of its unclassified plant shall be ascertained by
analysis of the utility’s records. Adjustments shall not be made to record
in utility plant accounts amounts previously charged to operating expenses
or to income deductions in accordance
with the uniform system of accounts in
effect at the time or in accordance
with the discretion of management as
exercised under a uniform system of
accounts, or under accounting practices previously followed.
C. The detailed electric plant accounts (301 to 399, inclusive) shall be
stated on the basis of cost to the utility of plant constructed by it and the
original cost, estimated if not known,
of plant acquired as an operating unit
or system. The difference between the
original cost, as above, and the cost to
Pt. 101
the utility of electric plant after giving
effect to any accumulated provision for
depreciation or amortization shall be
recorded in account 114, Electric Plant
Acquisition Adjustments. The original
cost of electric plant shall be determined by analysis of the utility’s
records or those of the predecessor or
vendor companies with respect to electric plant previously acquired as operating units or systems and the difference between the original cost so determined, less accumulated provisions
for depreciation and amortization and
the cost to the utility with necessary
adjustments for retirements from the
date of acquisition, shall be entered in
account 114, Electric Plant Acquisition
Adjustments. Any difference between
the cost of electric plant and its book
cost, when not properly includible in
other accounts, shall be recorded in account 116, Other Electric Plant Adjustments.
D. Plant acquired by lease which
qualifies as capital lease property
under General Instruction 19. Criteria
for Classifying Leases, shall be recorded
in Account 101.1, Property under Capital Leases, or Account 120.6, Nuclear
Fuel under Capital Leases, as appropriate.
2. Electric Plant To Be Recorded at
Cost.
A. All amounts included in the accounts for electric plant acquired as an
operating unit or system, except as
otherwise provided in the texts of the
intangible plant accounts, shall be
stated at the cost incurred by the person who first devoted the property to
utility service. All other electric plant
shall be included in the accounts at the
cost incurred by the utility, except for
property acquired by lease which qualifies as capital lease property under
General Instruction 19. Criteria for
Classifying Leases, and is recorded in
Account 101.1, Property under Capital
Leases, or Account 120.6, Nuclear Fuel
under Capital Leases. Where the term
cost is used in the detailed plant accounts, it shall have the meaning stated in this paragraph.
B. When the consideration given for
property is other than cash, the value
of such consideration shall be determined on a cash basis (see, however,
definition 9). In the entry recording
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18 CFR Ch. I (4–1–12 Edition)
such transition, the actual consideration shall be described with sufficient
particularity to identify it. The utility
shall be prepared to furnish the Commission the particulars of its determination of the cash value of the consideration if other than cash.
C. When property is purchased under
a plan involving deferred payments, no
charge shall be made to the electric
plant accounts for interest, insurance,
or other expenditures occasioned solely
by such form of payment.
D. The electric plant accounts shall
not include the cost or other value of
electric plant contributed to the company. Contributions in the form of
money or its equivalent toward the
construction of electric plant shall be
credited to accounts charged with the
cost of such construction. Plant constructed from contributions of cash or
its equivalent shall be shown as a reduction to gross plant constructed
when assembling cost data in work orders for posting to plant ledgers of accounts. The accumulated gross costs of
plant accumulated in the work order
shall be recorded as a debit in the plant
ledger of accounts along with the related amount of contributions concurrently be recorded as a credit.
3. Components of construction cost.
A. For Major utilities, the cost of
construction properly includible in the
electric plant accounts shall include,
where applicable, the direct and overhead cost as listed and defined hereunder:
(1) Contract work includes amounts
paid for work performed under contract
by other companies, firms, or individuals, costs incident to the award of
such contracts, and the inspection of
such work.
(2) Labor includes the pay and expenses of employees of the utility engaged on construction work, and related workmen’s compensation insurance, payroll taxes and similar items of
expense. It does not include the pay
and expenses of employees which are
distributed to construction through
clearing accounts nor the pay and expenses included in other items hereunder.
(3) Materials and supplies includes the
purchase price at the point of free delivery plus customs duties, excise
taxes, the cost of inspection, loading
and transportation, the related stores
expenses, and the cost of fabricated
materials from the utility’s shop. In
determining the cost of materials and
supplies used for construction, proper
allowance shall be made for unused
materials and supplies, for materials
recovered from temporary structures
used in performing the work involved,
and for discounts allowed and realized
in the purchase of materials and supplies.
NOTE: The cost of individual items of
equipment of small value (for example, $500
or less) or of short life, including small portable tools and implements, shall not be
charged to utility plant accounts unless the
correctness of the accounting therefor is
verified by current inventories. The cost
shall be charged to the appropriate operating
expense or clearing accounts, according to
the use of such items, or, if such items are
consumed directly in construction work, the
cost shall be included as part of the cost of
the construction
(4) Transportation includes the cost of
transporting employees, materials and
supplies, tools, purchased equipment,
and other work equipment (when not
under own power) to and from points of
construction. It includes amounts paid
to others as well as the cost of operating the utility’s own transportation
equipment. (See item 5 following.)
(5) Special machine service includes the
cost of labor (optional), materials and
supplies, depreciation, and other expenses incurred in the maintenance,
operation and use of special machines,
such as steam shovels, pile drivers, derricks, ditchers, scrapers, material
unloaders, and other labor saving machines; also expenditures for rental,
maintenance and operation of machines of others. It does not include the
cost of small tools and other individual
items of small value or short life which
are included in the cost of materials
and supplies. (See item 3, above.) When
a particular construction job requires
the use for an extended period of time
of special machines, transportation or
other equipment, the net book cost
thereof, less the appraised or salvage
value at time of release from the job,
shall be included in the cost of construction.
(6) Shop service includes the proportion of the expense of the utility’s shop
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department assignable to construction
work except that the cost of fabricated
materials from the utility’s shop shall
be included in materials and supplies.
(7) Protection includes the cost of protecting the utility’s property from fire
or other casualties and the cost of preventing damages to others, or to the
property of others, including payments
for discovery or extinguishment of
fires, cost of apprehending and prosecuting incendiaries, witness fees in relation thereto, amounts paid to municipalities and others for fire protection, and other analogous items of expenditures in connection with construction work.
(8) Injuries and damages includes expenditures or losses in connection with
construction work on account of injuries to persons and damages to the
property of others; also the cost of investigation of and defense against actions for such injuries and damages. Insurance recovered or recoverable on account of compensation paid for injuries
to persons incident to construction
shall be credited to the account or accounts to which such compensation is
charged Insurance recovered or recoverable on account of property damages
incident to construction shall be credited to the account or accounts
charged with the cost of the damages.
(9) Privileges and permits includes payments for and expenses incurred in securing temporary privileges, permits or
rights in connection with construction
work, such as for the use of private or
public property, streets, or highways,
but it does not include rents, or
amounts chargeable as franchises and
consents for which see account 302,
Franchises and Consents.
(10) Rents includes amounts paid for
the use of construction quarters and office space occupied by construction
forces and amounts properly includible
in construction costs for such facilities
jointly used.
(11) Engineering and supervision includes the portion of the pay and expenses
of
engineers,
surveyors,
draftsmen, inspectors, superintendents
and their assistants applicable to construction work.
(12) General administration capitalized
includes the portion of the pay and expenses of the general officers and ad-
Pt. 101
ministrative and general expenses applicable to construction work.
(13) Engineering services includes
amounts paid to other companies,
firms, or individuals engaged by the
utility to plan, design, prepare estimates, supervise, inspect, or give general advice and assistance in connection with construction work.
(14) Insurance includes premiums paid
or amounts provided or reserved as
self-insurance
for
the
protection
against loss and damages in connection
with construction, by fire or other casualty injuries to or death of persons
other than employees, damages to
property of others, defalcation of employees and agents, and the nonperformance of contractual obligations
of others. It does not include workmen’s compensation or similar insurance on employees included as labor in
item 2, above.
(15) Law expenditures includes the
general law expenditures incurred in
connection with construction and the
court and legal costs directly related
thereto, other than law expenses included in protection, item 7, and in injuries and damages, item 8.
(16) Taxes includes taxes on physical
property (including land) during the
period of construction and other taxes
properly includible in construction
costs before the facilities become available for service.
(17) Allowance for funds used during
construction (Major and Nonmajor Utilities) includes the net cost for the period of construction of borrowed funds
used for construction purposes and a
reasonable rate on other funds when so
used, not to exceed, without prior approval of the Commission, allowances
computed in accordance with the formula prescribed in paragraph (a) of this
subparagraph. No allowance for funds
used during construction charges shall
be included in these accounts upon expenditures for construction projects
which have been abandoned.
(a) The formula and elements for the
computation of the allowance for funds
used during construction shall be:
Ai=s(S/W)+d(D/D+P+C)(1¥S/W)
Ae=[1¥S/W][p(P/D+P+C)+c(C/D+P+C)]
Ai=Gross allowance for borrowed funds used
during construction rate.
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18 CFR Ch. I (4–1–12 Edition)
Ae=Allowance for other funds used during
construction rate.
S=Average short-term debt.
s=Short-term debt interest rate.
D=Long-term debt.
d=Long-term debt interest rate.
P=Preferred stock.
p=Preferred stock cost rate.
C=Common equity.
c=Common equity cost rate.
W= Average balance in construction work in
progress plus nuclear fuel in process of refinement, conversion, enrichment and fabrication, less asset retirement costs (See
General Instruction 25) related to plant
under construction.
(b) The rates shall be determined annually. The balances for long-term
debt, preferred stock and common equity shall be the actual book balances
as of the end of the prior year. The cost
rates for long-term debt and preferred
stock shall be the weighted average
cost determined in the manner indicated in § 35.13 of the Commission’s
Regulations Under the Federal Power
Act. The cost rate for common equity
shall be the rate granted common equity in the last rate proceeding before
the ratemaking body having primary
rate jurisdictions. If such cost rate is
not available, the average rate actually
earned during the preceding three
years shall be used. The short-term
debt balances and related cost and the
average balance for construction work
in progress plus nuclear fuel in process
of refinement, conversion, enrichment,
and fabrication shall be estimated for
the current year with appropriate adjustments as actual data becomes
available.
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NOTE: When a part only of a plant or
project is placed in operation or is completed
and ready for service but the construction
work as a whole is incomplete, that part of
the cost of the property placed in operation
or ready for service, shall be treated as Electric Plant in Service and allowance for funds
used during construction thereon as a charge
to construction shall cease. Allowance for
funds used during construction on that part
of the cost of the plant which is incomplete
may be continued as a charge to construction until such time as it is placed in operation or is ready for service, except as limited in item 17, above.
(18) Earnings and expenses during construction. The earnings and expenses
during construction shall constitute a
component of construction costs.
(a) The earnings shall include revenues received or earned for power produced by generating plants during the
construction period and sold or used by
the utility. Where such power is sold to
an independent purchaser before intermingling with power generated by
other plants, the credit shall consist of
the selling price of the energy. Where
the power generated by a plant under
construction is delivered to the utility’s electric system for distribution
and sale, or is delivered to an associated company, or is delivered to and
used by the utility for purposes other
than distribution and sale (for manufacturing or industrial use, for example), the credit shall be the fair value
of the energy so delivered. The revenues shall also include rentals for
lands, buildings etc., and miscellaneous
receipts not properly includible in
other accounts.
(b) The expenses shall consist of the
cost of operating the power plant, and
other costs incident to the production
and delivery of the power for which
construction is credited under paragraph (a), above, including the cost of
repairs and other expenses of operating
and maintaining lands, buildings, and
other property, and other miscellaneous and like expenses not properly
includible in other accounts.
(19)
Training
costs
(Major
and
Nonmajor Utilities). When it is necessary that employees be trained to operate or maintain plant facilities that
are being constructed and such facilities are not conventional in nature, or
are new to the company’s operations,
these costs may be capitalized as a
component of construction cost. Once
plant is placed in service, the capitalization of training costs shall cease and
subsequent training costs shall be expensed. (See Operating Expense Instruction 4.)
(20) Studies includes the costs of studies such as nuclear operational, safety,
or seismic studies or environmental
studies mandated by regulatory bodies
relative to plant under construction.
Studies relative to facilities in service
shall be charged to account 183, Preliminary Survey and Investigation
Charges.
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(21) Asset retirement costs. The costs
recognized as a result of asset retirement obligations incurred during the
construction and testing of utility
plant shall constitute a component of
construction costs.
B. For Nonmajor utilities, the cost of
construction of property chargeable to
the electric plant accounts shall include, where applicable, the cost of
labor; materials and supplies; transportation; work done by others for the
utility; injuries and damages incurred
in construction work; privileges and
permits; special machine service; allowance for funds used during construction, not to exceed without prior
approval of the Commission, amounts
computed in accordance with the formula prescribed in paragraph (a) of
paragraph (17) of this Instruction;
training costs; and such portion of general engineering, administrative salaries and expenses, insurance, taxes, and
other analogous items as may be properly includable in construction costs.
(See Operating Expense Instruction 4.)
The rates and balances of short and
long-term debt, preferred stock, common equity and construction work in
progress shall be determined as prescribed in paragraph (b) of paragraph
(17) of this Instruction.
4. Overhead Construction Costs.
A. All overhead construction costs,
such as engineering, supervision, general office salaries and expenses, construction engineering and supervision
by others than the accounting utility,
law expenses, insurance, injuries and
damages, relief and pensions, taxes and
interest, shall be charged to particular
jobs or units on the basis of the
amounts of such overheads reasonably
applicable thereto, to the end that each
job or unit shall bear its equitable proportion of such costs and that the entire cost of the unit, both direct and
overhead, shall be deducted from the
plant accounts at the time the property is retired.
B. As far as practicable, the determination of pay roll charges includible
in construction overheads shall be
based on time card distributions thereof. Where this procedure is impractical,
special studies shall be made periodically of the time of supervisory employees devoted to construction activi-
Pt. 101
ties to the end that only such overhead
costs as have a definite relation to construction shall be capitalized. The addition to direct construction costs of
arbitrary percentages or amounts to
cover assumed overhead costs is not
permitted.
C. For Major utilities, the records
supporting the entries for overhead
construction costs shall be so kept as
to show the total amount of each overhead for each year, the nature and
amount of each overhead expenditure
charged to each construction work
order and to each electric plant account, and the bases of distribution of
such costs.
5. Electric Plant Purchased or Sold.
A. When electric plant constituting
an operating unit or system is acquired
by purchase, merger, consolidation, liquidation, or otherwise, after the effective date of this system of accounts,
the costs of acquisition, including expenses incidental thereto properly includible in electric plant, shall be
charged to account 102, Electric Plant
Purchased or Sold.
B. The accounting for the acquisition
shall then be completed as follows:
(1) The original cost of plant, estimated if not known, shall be credited
to account 102, Electric Plant Purchased or Sold, and concurrently
charged to the appropriate electric
plant in service accounts and to account 104, Electric Plant Leased to
Others, account 105, Electric Plant
Held for Future Use, and account 107,
Construction Work in Progress—Electric, as appropriate.
(2) The depreciation and amortization applicable to the original cost of
the properties purchased shall be
charged to account 102, Electric Plant
Purchased or Sold, and concurrently
credited to the appropriate account for
accumulated provision for depreciation
or amortization.
(3) The cost to the utility of any
property includible in account 121,
Nonutility Property, shall be transferred thereto.
(4) The amount remaining in account
102, Electric Plant Purchased or Sold,
shall then be closed to account 114,
Electric Plant Acquisition Adjustments.
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18 CFR Ch. I (4–1–12 Edition)
C. If property acquired in the purchase of an operating unit or system is
in such physical condition when acquired that it is necessary substantially to rehabilitate it in order to
bring the property up to the standards
of the utility, the cost of such work,
except replacements, shall be accounted for as a part of the purchase
price of the property.
D. When any property acquired as an
operating unit or system includes duplicate or other plant which will be retired by the accounting utility in the
reconstruction of the acquired property
or its consolidation with previously
owned property, the proposed accounting for such property shall be presented
to the Commission.
E. In connection with the acquisition
of electric plant constituting an operating unit or system, the utility shall
procure, if possible, all existing records
relating to the property acquired, or
certified copies thereof, and shall preserve such records in conformity with
regulations or practices governing the
preservation of records of its own construction.
F. When electric plant constituting
an operating unit or system is sold,
conveyed, or transferred to another by
sale, merger, consolidation, or otherwise, the book cost of the property sold
or transferred to another shall be credited to the appropriate utility plant accounts, including amounts carried in
account 114, Electric Plant Acquisition
Adjustments. The amounts (estimated
if not known) carried with respect
thereto in the accounts for accumulated provision for depreciation and
amortization and in account 252, Customer Advances for Construction, shall
be charged to such accounts and contra
entries made to account 102, Electric
Plant Purchased or Sold. Unless otherwise ordered by the Commission, the
difference, if any, between (1) the net
amount of debits and credits and (2)
the consideration received for the property (less commissions and other expenses of making the sale) shall be included in account 421.1. Gain on Disposition of Property, or account 421.2,
Loss on Disposition of Property. (See
account 102, Electric Plant Purchased
or Sold.)
NOTE: In cases where existing utilities
merge or consolidate because of financial or
operating reasons or statutory requirements
rather than as a means of transferring title
of purchased properties to a new owner, the
accounts of the constituent utilities, with
the approval of the Commission, may be
combined. In the event original cost has not
been determined, the resulting utility shall
proceed to determine such cost as outlined
herein.
6. Expenditures on Leased Property.
A. The cost of substantial initial improvements (including repairs, rearrangements, additions, and betterments) made in the course of preparing
for utility service property leased for a
period of more than one year, and the
cost of subsequent substantial additions, replacements, or betterments to
such property, shall be charged to the
electric plant account appropriate for
the class of property leased. If the service life of the improvements is terminable by action of the lease, the
cost, less net salvage, of the improvements shall be spread over the life of
the lease by charges to account 404,
Amortization of Limited-Term Electric
Plant. However, if the service life is
not terminated by action of the lease
but by depreciation proper, the cost of
the improvements, less net salvage,
shall be accounted for as depreciable
plant. The provisions of this paragraph
are applicable to property leased under
either capital leases or operating
leases.
B. If improvements made to property
leased for a period of more than one
year are of relatively minor cost, or if
the lease is for a period of not more
than one year, the cost of the improvements shall be charged to the account
in which the rent is included, either directly or by amortization thereof.
7. Land and Land Rights.
A. The accounts for land and land
rights shall include the cost of 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, water and water
power rights, diversion rights, submersion rights, rights-of-way, and other
like interests in land. Do not include in
the accounts for land and land rights
and rights-of-way costs incurred in
connection with first clearing and
grading of land and rights-of-way and
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the damage costs associated with the
construction and installation of plant.
Such costs shall be included in the appropriate plant accounts directly benefited.
B. Where special assessments for public improvements provide for deferred
payments, the full amount of the assessments shall be charged to the appropriate land account and the unpaid
balance shall be carried in an appropriate liability account. Interest on unpaid balances shall be charged to the
appropriate interest account. If any
part of the cost of public improvements
is included in the general tax levy, the
amount thereof shall be charged to the
appropriate tax account.
C. The net profit from the sale of
timber, cord wood, sand, gravel, other
resources or other property acquired
with the rights-of-way or other lands
shall be credited to the appropriate
plant account to which related. Where
land is held for a considerable period of
time and timber and other natural resources on the land at the time of purchase increases in value, the net profit
(after giving effect to the cost of the
natural resources) from the sales of
timber or its products or other natural
resources shall be credited to the appropriate utility operating income account when such land has been recorded in account 105, Electric Plant
Held for Future Use or classified as
plant in service, otherwise to account
421, Miscellaneous Nonoperating Income.
D. Separate entries shall be made for
the acquisition, transfer, or retirement
of each parcel of land, and each land
right (except rights of way for distribution lines), or water 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, county, and tax district on which
situated, from whom purchased or to
whom sold, payment given or received,
other costs, contract date and number,
date of recording of deed, and book and
page of record. Entries transferring or
retiring land or land rights shall refer
to the original entry recording its acquisition.
E. Any difference between the
amount received from the sale of land
Pt. 101
or land rights, less agents’ commissions and other costs incident to the
sale, and the book cost of such land or
rights, shall be included in account
411.6, Gains from Disposition of Utility
Plant, or 411.7, Losses from Disposition
of Utility Plant when such property
has been recorded in account 105, Electric Plant Held for Future Use, otherwise to account 421.1, Gain on Disposition of Property or 421.2, Loss on Disposition of Property, as appropriate,
unless a reserve therefor has been authorized and provided. Appropriate adjustments of the accounts shall be
made with respect to any structures or
improvements located on land sold.
F. 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
utility 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 operations, 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.
G. When the purchase of land for
electric operations requires the purchase of more land than needed for
such purposes, the charge to the specific land account shall be based upon
the cost of the land purchased, less the
fair market value of that portion of the
land which is not to be used in utility
operations. The portion of the cost
measured by the fair market value of
the land not to be used shall be included in account 105, Electric Plant
Held for Future Use, or account 121,
Nonutility Property, as appropriate.
H. Provisions shall be made for amortizing amounts carried in the accounts
for limited-term interests in land so as
to apportion equitably the cost of each
interest over the life thereof. (For
Major utilities, see account 111, Accumulated Provision for Amortization of
Electric Plant Utility, and account 404,
Amortization of Limited-Term Electric
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Plant. For Nonmajor utilities, see account 404.)
I. The items of cost to be included in
the accounts for land and land rights
are as follows:
1. Bulkheads, buried, not requiring maintenance or replacement.
2. Cost, first, of acquisition including
mortgages and other liens assumed (but not
subsequent interest thereon).
3. [Reserved]
4. Condemnation proceedings, including
court and counsel costs.
5. Consents and abutting damages, payment for.
6. Conveyancers’ and notaries’ fees.
7. Fees, commissions, and salaries to brokers, agents and others in connection with
the acquisition of the land or land rights.
8. [Reserved]
9. Leases, cost of voiding upon purchase to
secure possession of land.
10. Removing, relocating, or reconstructing, property of others, such as buildings, highways, railroads, bridges, cemeteries, churches, telephone and power lines,
etc., in order to acquire quiet possession.
11. Retaining walls unless identified with
structures.
12. 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.
13. Surveys in connection with the acquisition, but not amounts paid for topographical
surveys and maps where such costs are attributable to structures or plant equipment
erected or to be erected or installed on such
land.
14. Taxes assumed, accrued to date of
transfer of title.
15. Title, examining, clearing, insuring and
registering in connection with the acquisition and defending against claims relating to
the period prior to the acquisition.
16. Appraisals prior to closing title.
17. Cost of dealing with distributees or
legatees residing outside of the state or
county, such as recording power of attorney,
recording will or exemplification of will, recording satisfaction of state tax.
18. Filing satisfaction of mortgage.
19. Documentary stamps.
20. Photographs of property at acquisition.
21. Fees and expenses incurred in the acquisition of water rights and grants.
22. Cost of fill to extend bulkhead line over
land under water, where riparian rights are
held, which is not occasioned by the erection
of a structure.
23. Sidewalks and curbs constructed by the
utility on public property.
24. Labor and expenses in connection with
securing rights of way, where performed by
company employees and company agents.
8. Structures and Improvements.
A. The accounts for structures and
improvements shall include the cost of
all buildings and facilities to house,
support, or safeguard property or persons, including all fixtures permanently attached to and made a part of
buildings and which cannot be removed
therefrom without cutting into the
walls, ceilings, or floors, or without in
some way impairing the buildings, and
improvements of a permanent character on or to land. Also include those
costs incurred in connection with the
first clearing and grading of land and
rights-of-way and the damage costs associated with construction and installation of plant.
B. The cost of specially provided
foundations not intended to outlast the
machinery or apparatus for which provided, and the cost of angle irons, castings, etc., installed at the base of an
item of equipment, shall be charged to
the same account as the cost of the
machinery, apparatus, or equipment.
C. Minor buildings and structures,
such as valve towers, patrolmen’s towers, telephone stations, fish and wildlife, and recreation facilities, etc.,
which are used directly in connection
with or form a part of a reservoir, dam,
waterway, etc., shall be considered a
part of the facility in connection with
which constructed or operated and the
cost thereof accounted for accordingly.
D. Where furnaces and boilers are
used primarily for furnishing steam for
some particular department and only
incidentally for furnishing steam for
heating a building and operating the
equipment therein, the entire cost of
such furnaces and boilers shall be
charged to the appropriate plant account, and no part to the building account.
E. Where the structure of a dam
forms also the foundation of the power
plant building, such foundation shall
be considered a part of the dam.
F. The cost of disposing of materials
excavated in connection with construction of structures shall be considered
as a part of the cost of such work, except as follows: (a) When such material
is used for filling, the cost of loading,
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hauling, and dumping shall be equitably apportioned between the work in
connection with which the removal occurs and the work in connection with
which the material is used; (b) when
such material is sold, the net amount
realized from such sales shall be credited to the work in connection with
which the removal occurs. If the
amount realized from the sale of excavated materials exceeds the removal
costs and the costs in connection with
the sale, the excess shall be credited to
the land account in which the site is
carried.
G. Lighting or other fixtures temporarily attached to buildings for purposes of display or demonstration shall
not be included in the cost of the building but in the appropriate equipment
account.
H. The items of cost to be included in
the accounts for structures and improvements are as follows:
1. Architects’ plans and specifications including supervision.
2. Ash pits (when located within the building). (Major Utilities)
3. Athletic field structures and improvements.
4. Boilers, furnaces, piping, wiring, fixtures, and machinery for heating, lighting,
signaling, ventilating, and air-conditioning
systems, plumbing, vacuum cleaning systems, incinerator and smoke pipe, flues, etc.
5. Bulkheads, including dredging, riprap
fill, piling, decking, concrete, fenders, etc.,
when exposed and subject to maintenance
and replacement.
6. Chimneys (Major Utilities).
7. Coal bins and bunkers.
8. Commissions and fees to brokers, agents,
architects, and others.
9. Conduit (not to be removed) with its
contents.
10. Damages to abutting property during
construction.
11. Docks (Major Utilities).
12. Door checks and door stops (Major Utilities).
13. Drainage and sewerage systems.
14. Elevators, cranes, hoists, etc., and the
machinery for operating them.
15. Excavation, including shoring, bracing,
bridging, refill and disposal of excess excavated material, cofferdams around foundation, pumping water from cofferdams during
construction, and test borings.
16. Fences and fence curbs (not including
protective fences isolating items of equipment, which shall be charged to the appropriate equipment account).
Pt. 101
17. Fire protection systems when forming a
part of a structure.
18. Flagpole (Major Utilities).
19. Floor covering (permanently attached)
(Major Utilities).
20. Foundations and piers for machinery,
constructed as a permanent part of a building or other item listed herein.
21. Grading and clearing when directly occasioned by the building of a structure.
22. Intrasite communication system, poles,
pole fixtures, wires, and cables.
23. Landscaping, lawns, shrubbery, etc.
24. Leases, voiding upon purchase to secure
possession of structures.
25. Leased property, expenditures on.
26. Lighting fixtures and outside lighting
system.
27. Mailchutes when part of a building
(Major Utilities).
28. Marquee, permanently attached to
building (Major Utilities).
29. Painting, first cost.
30. Permanent paving, concrete, brick,
flagstone, asphalt, etc., within the property
lines.
31. Partitions, including movable (Major
Utilities).
32. Permits and privileges.
33. Platforms, railings, and gratings when
constructed as a part of a structure.
34. Power boards for services to a building
(Major Utilities).
35. Refrigerating systems for general use
(Major Utilities).
36. Retaining walls except when identified
with land.
37. Roadways, railroads, bridges, and trestles intrasite except railroads provided for in
equipment accounts.
38. Roofs (Major Utilities).
39. Scales, connected to and forming a part
of a structure (Major Utilities).
40. Screens (Major Utilities).
41. Sewer systems, for general use (Major
Utilities).
42. Sidewalks, culverts, curbs and streets
constructed by the utility on its property
(Major Utilities).
43. Sprinkling systems (Major Utilities).
44. Sump pumps and pits (Major Utilities).
45. Stacks—brick, steel, or concrete, when
set on foundation forming part of general
foundation and steelwork of a building.
46. Steel inspection during construction
(Major Utilities).
47. Storage facilities constituting a part of
a building.
48. Storm doors and windows (Major Utilities).
49. Subways, areaways, and tunnels, directly connected to and forming part of a
structure.
50. Tanks, constructed as part of a building
or as a distinct structural unit.
51. Temporary heating during construction
(net cost) (Major Utilities).
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52. Temporary water connection during
construction (net cost) (Major Utilities).
53. Temporary shanties and other facilities
used during construction (net cost)
54. Topographical maps (Major Utilities).
55. Tunnels, intake and discharge, when
constructed as part of a structure, including
sluice gates, and those constructed to house
mains.
56. Vaults constructed as part of a building.
57. Watchmen’s sheds and clock systems
(net cost when used during construction
only) (Major Utilities).
58. Water basins or reservoirs.
59. Water front improvements (Major Utilities).
60. Water meters and supply system for a
building or for general company purposes
(Major Utilities).
61. Water supply piping, hydrants and wells
(Major Utilities).
62. Wharves.
63. Window shades and ventilators (Major
Utilities).
64. Yard drainage system (Major Utilities).
65. Yard lighting system (Major Utilities).
66. Yard surfacing, gravel, concrete, or oil.
(First cost only.) (Major Utilities)
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NOTE: Structures and Improvements accounts shall be credited with the cost of coal
bunkers, stacks, foundations, subways, tunnels, etc., the use of which has terminated
with the removal of the equipment with
which they are associated even though they
have not been physically removed.
9. Equipment.
A. The cost of equipment chargeable
to the electric plant accounts, unless
otherwise indicated in the text of an
equipment account, includes the net
purchase price thereof, sales taxes, investigation and inspection expenses
necessary to such purchase, expenses of
transportation when borne by the utility, labor employed, materials and supplies consumed, and expenses incurred
by the utility in unloading and placing
the equipment in readiness to operate.
Also include those costs incurred in
connection with the first clearing and
grading of land and rights-of-way and
the damage costs associated with construction and installation of plant.
B. Exclude from equipment accounts
hand and other portable tools, which
are likely to be lost or stolen or which
have relatively small value (for example, $500 or less) or short life, unless
the correctness of the accounting
therefor as electric plant is verified by
current inventories. Special tools acquired and included in the purchase
price of equipment shall be included in
the appropriate plant account. Portable drills and similar tool equipment
when used in connection with the operation and maintenance of a particular
plant or department, such as production, transmission, distribution, etc.,
or in stores, shall be charged to the
plant account appropriate for their use.
C. The equipment accounts shall include angle irons and similar items
which are installed at the base of an
item of equipment, but piers and foundations which are designed to be as
permanent as the buildings which
house the equipment, or which are constructed as a part of the building and
which cannot be removed without cutting into the walls, ceilings or floors or
without in some way impairing the
building, shall be included in the building accounts.
D. The equipment accounts shall include the necessary costs of testing or
running a plant or parts thereof during
an experimental or test period prior to
such plant becoming ready for or
placed in service. In the case of
Nonmajor utilities, the utility shall
pay the fee prescribed in part 381 of
this chapter and shall furnish the Commission with full particulars of and
justification for any test or experimental run extending beyond a period
of 30 days. In the case of Major utilities, the utility shall furnish the Commission with full particulars of and
justification for any test or experimental run extending beyond a period
of 120 days for nuclear plant, and a period of 90 days for all other plant. Such
particulars shall include a detailed
operational and downtime log showing
days of production, gross kilowatts
generated by hourly increments, types,
and periods of outages by hours with
explanation thereof, beginning with
the first date the equipment was either
tested or synchronized on the line to
the end of the test period.
E. The cost of efficiency or other
tests made subsequent to the date
equipment becomes available for service shall be charged to the appropriate
expense accounts, except that tests to
determine whether equipment meets
the specifications and requirements as
to efficiency, performance, etc., guaranteed by manufacturers, made after
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operations have commenced and within
the period specified in the agreement
or contract of purchase may be charged
to the appropriate electric plant account.
10. Additions and Retirements of Electric Plant.
A. For the purpose of avoiding undue
refinement in accounting for additions
to and retirements and replacements of
electric plant, all property will be considered as consisting of (1) retirement
units and (2) minor items of property.
Each utility shall maintain a written
property units listing for use in accounting for additions and retirements
of electric plant and apply the listing
consistently.
B. The addition and retirement of retirement units shall be accounted for
as follows:
(1) When a retirement unit is added
to electric plant, the cost thereof shall
be added to the appropriate electric
plant account, except that when units
are acquired in the acquisition of any
electric plant constituting an operating system, they shall be accounted
for as provided in electric plant instruction 5.
(2) When a retirement unit is retired
from electric plant, with or without replacement, the book cost thereof shall
be credited to the electric plant account in which it is included, determined in the manner set forth in paragraph D, below. If the retirement unit
is of a depreciable class, the book cost
of the unit retired and credited to electric plant shall be charged to the accumulated provision for depreciation applicable to such property. The cost of
removal and the salvage shall be
charged or credited, as appropriate, to
such depreciation account.
C. The addition and retirement of
minor items of property shall be accounted for as follows:
(1) When a minor item of property
which did not previously exist is added
to plant, the cost thereof shall be accounted for in the same manner as for
the addition of a retirement unit, as
set forth in paragraph B(1), above, if a
substantial addition results, otherwise
the charge shall be to the appropriate
maintenance expense account.
(2) When a minor item of property is
retired and not replaced, the book cost
Pt. 101
thereof shall be credited to the electric
plant account in which it is included;
and, in the event the minor item is a
part of depreciable plant, the account
for accumulated provision for depreciation shall be charged with the book
cost and cost of removal and credited
with the salvage. If, however, the book
cost of the minor item retired and not
replaced has been or will be accounted
for by its inclusion in the retirement
unit of which it is a part when such
unit is retired, no separate credit to
the property account is required when
such minor item is retired.
(3) When a minor item of depreciable
property is replaced independently of
the retirement unit of which it is a
part, the cost of replacement shall be
charged to the maintenance account
appropriate for the item, except that if
the replacement effects a substantial
betterment (the primary aim of which
is to make the property affected more
useful, more efficient, of greater durability, or of greater capacity), the excess cost of the replacement over the
estimated cost at current prices of replacing without betterment shall be
charged to the appropriate electric
plant account.
D. The book cost of electric plant retired shall be the amount at which
such property is included in the electric plant accounts, including all components of construction costs. The
book cost shall be determined from the
utility’s records and if this cannot be
done it shall be estimated. Utilities
must furnish the particulars of such estimates to the Commission, if requested. When it is impracticable to
determine the book cost of each unit,
due to the relatively large number or
small cost thereof, an appropriate average book cost of the units, with due allowance for any differences in size and
character, shall be used as the book
cost of the units retired.
E. The book cost of land retired shall
be credited to the appropriate land account. If the land is sold, the difference
between the book cost (less any accumulated provision for depreciation or
amortization therefore which has been
authorized and provided) and the sale
price of the land (less commissions and
other expenses of making the sale)
shall be recorded in account 411.6,
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
Gains from Disposition of Utility
Plant, or 411.7, Losses from Disposition
of Utility Plant when the property has
been recorded in account 105, Electric
Plant Held for Future Use, otherwise
to accounts 421.1, Gain on Disposition
of Property or 421.2, Loss on Disposition of Property, as appropriate. If the
land is not used in utility service but is
retained by the utility, the book cost
shall be charged to account 105, Electric Plant Held for Future Use, or account 121, Nonutility Property, as appropriate.
F. The book cost less net salvage of
depreciable electric plant retired shall
be charged in its entirety to account
108. Accumulated Provision for Depreciation of Electric Plant in Service
(Account 110, Accumulated Provision
for Depreciation and Amortization of
Electric Utility Plant, in the case of
Nonmajor utilities). Any amounts
which, by approval or order of the
Commission, are charged to account
182.1, Extraordinary Property Losses,
shall be credited to account 108 (Account 110 for Nonmajor utilities).
G. In the case of Major utilities, the
accounting for the retirement of
amounts included in account 302, Franchises and Consents, and account 303,
Miscellaneous Intangible Plant, and
the items of limited-term interest in
land included in the accounts for land
and land rights, shall be as provided for
in the text of account 111. Accumulated
Provision for Amortization of Electric
Plant in Service, account 404, Amortization of Limited-Term Electric Plant,
and account 405, Amortization of Other
Electric Plant.
11. Work Order and Property Record
System Required.
A. Each utility shall record all construction and retirements of electric
plant by means of work orders or job
orders. Separate work orders may be
opened for additions to and retirements
of electric plant or the retirements
may be included with the construction
work order, provided, however, that all
items relating to the retirements shall
be kept separate from those relating to
construction and provided, further,
that any maintenance costs involved in
the work shall likewise be segregated.
B. Each utility shall keep its work
order system so as to show the nature
of each addition to or retirement of
electric plant, the total cost thereof,
the source or sources of costs, and the
electric plant account or accounts to
which charged or credited. Work orders
covering jobs of short duration may be
cleared monthly.
C. In the case of Major utilities, each
utility shall maintain records in which,
for each plant account, the amounts of
the annual additions and retirements
are classified so as to show the number
and cost of the various record units or
retirement units.
12. Transfers of Property.
When property is transferred from
one electric plant account to another,
from one utility department to another, such as from electric to gas,
from one operating division or area to
another, to or from accounts 101, Electric Plant in Service, 104. Electric
Plant Leased to Others, 105. Electric
Plant Held for Future Use, and 121,
Nonutility Property, the transfer shall
be recorded by transferring the original
cost thereof from the one account, department, or location to the other. Any
related amounts carried in the accounts for accumulated provision for
depreciation or amortization shall be
transferred in accordance with the segregation of such accounts.
13. Common Utility Plant.
A. If the utility is engaged in more
than one utility service, such as electric, gas, and water, and any of its utility plant is used in common for several
utility services or for other purposes to
such an extent and in such manner
that it is impracticable to segregate it
by utility services currently in the accounts, such property, with the approval of the Commission, may be designated and classified as common utility
plant.
B. The book amount of utility plant
designated as common plant shall be
included in account 118, Other Utility
Plant, and if applicable in part to the
electric department, shall be segregated and accounted for in subaccounts as electric plant is accounted
for in accounts 101 to 107, inclusive,
and electric plant adjustments in account 116; any amounts classifiable as
common plant acquisition adjustments
or common plant adjustments shall be
subject to disposition as provided in
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paragraphs C and B of accounts 114 and
116, respectively, for amounts classified
in those accounts. The original cost of
common utility plant in service shall
be classified according to detailed utility plant accounts appropriate for the
property.
C. The utility shall be prepared to
show at any time and to report to the
Commission annually, or more frequently, if required, and by utility
plant accounts (301 to 399) the following: (1) The book cost of common
utility plant, (2) The allocation of such
cost to the respective departments
using the common utility plant, and (3)
The basis of the allocation.
D. The accumulated provision for depreciation and amortization of the utility shall be segregated so as to show
the amount applicable to the property
classified as common utility plant.
E. The expenses of operation, maintenance, rents, depreciation and amortization of common utility plant shall be
recorded in the accounts prescribed
herein, but designated as common expenses, and the allocation of such expenses to the departments using the
common utility plant shall be supported in such manner as to reflect
readily the basis of allocation used.
14. Transmission and Distribution
Plant.
For the purpose of this system of accounts:
A. Transmission system means:
(1) All land, conversion structures,
and equipment employed at a primary
source of supply (i.e., generating station, or point of receipt in the case of
purchased power) to change the voltage
or frequency of electricity for the purpose of its more efficient or convenient
transmission;
(2) All land, structures, lines, switching and conversion stations, high tension apparatus, and their control and
protective equipment between a generating or receiving point and the entrance to a distribution center or
wholesale point; and
(3) All lines and equipment whose primary purpose is to augment, integrate
or tie together the sources of power
supply
B. Distribution system means all land,
structures,
conversion
equipment,
lines, line transformers, and other fa-
Pt. 101
cilities employed between the primary
source of supply (i.e., generating station, or point of receipt in the case of
purchased power) and of delivery to
customers, which are not includible in
transmission system, as defined in
paragraph A, whether or not such land,
structures, and facilities are operated
as part of a transmission system or as
part of a distribution system.
NOTE: Stations which change electricity
from transmission to distribution voltage
shall be classified as distribution stations.
C. Where poles or towers support
both transmission and distribution
conductors, the poles, towers, anchors,
guys, and rights of way shall be classified as transmission system. The conductors, crossarms, braces, grounds,
tiewire, insulators, etc., shall be classified as transmission or distribution facilities, according to the purpose for
which used.
D. Where underground conduit contains both transmission and distribution conductors, the underground conduit and right of way shall be classified
as distribution system. The conductors
shall be classified as transmission or
distribution facilities according to the
purpose for which used.
E. Land (other than rights of way)
and structures used jointly for transmission and distribution purposes shall
be classified as transmission or distribution according to the major use
thereof.
15. Hydraulic production plant (Major
Utilities).
For the purpose of this system of accounts hydraulic production plant
means all land and land rights, structures and improvements used in connection with hydraulic power generation, reservoirs dams and waterways,
water wheels, turbines, generators, accessory electric equipment, miscellaneous powerplant equipment, roads,
railroads, and bridges, and structures
and improvements used in connection
with fish and wildlife, and recreation.
16. Nuclear Fuel Records Required
(Major Utilities).
Each utility shall keep all the necessary records to support the entries to
the various nuclear fuel plant accounts
classified under ‘‘Assets and Other Debits,’’ Utility Plant 120.1 through 120.6,
inclusive, account 518, Nuclear Fuel
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18 CFR Ch. I (4–1–12 Edition)
Expense and account 157, Nuclear Materials Held for Sale. These records
shall be so kept as to readily furnish
the basis of the computation of the net
nuclear fuel costs.
Operating Expense Instructions
1. Supervision and Engineering (Major
Utilities).
The supervision and engineering includible in the operating expense accounts shall consist of the pay and expenses of superintendents, engineers,
clerks, other employees and consultants engaged in supervising and directing the operation and maintenance of
each utility function. Wherever allocations are necessary in order to arrive
at the amount to be included in any account, the method and basis of allocation shall be reflected by underlying
records.
ITEMS
Labor
1. Special tests to determine efficiency of
equipment operation.
2. Preparing or reviewing budgets, estimates, and drawings relating to operation or
maintenance for departmental approval.
3. Preparing instructions for operations
and maintenance activities.
4. Reviewing and analyzing operating results.
5. Establishing organizational setup of departments and executing changes therein.
6. Formulating and reviewing routines of
departments and executing changes therein.
7. General training and instruction of employees by supervisors whose pay is chargeable hereto. Specific instruction and training in a particular type of work is chargeable
to the appropriate functional account (See
Electric Plant Instruction 3(19)).
8. Secretarial work for supervisory personnel, but not general clerical and stenographic work chargeable to other accounts.
Expenses
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9. Consultants’ fees and expenses.
10. Meals, traveling and incidental expenses.
2. Maintenance.
A. The cost of maintenance chargeable to the various operating expense
and clearing accounts includes labor,
materials, overheads and other expenses incurred in maintenance work.
A list of work operations applicable
generally to utility plant is included
hereunder. Other work operations applicable to specific classes of plant are
listed in functional maintenance expense accounts.
B. Materials recovered in connection
with the maintenance of property shall
be credited to the same account to
which the maintenance cost was
charged.
C. If the book cost of any property is
carried in account 102, Electric Plant
Purchased or Sold, the cost of maintaining such property shall be charged
to the accounts for maintenance of
property of the same class and use, the
book cost of which is carried in other
electric plant in service accounts.
Maintenance of property leased from
others shall be treated as provided in
operating expense instruction 3.
ITEMS
1. Direct field supervision of maintenance.
2. Inspecting, testing, and reporting on
condition of plant specifically to determine
the need for repairs, replacements, rearrangements and changes and inspecting
and testing the adequacy of repairs which
have been made.
3. Work performed specifically for the purpose of preventing failure, restoring serviceability or maintaining life of plant.
4. Rearranging and changing the location
of plant not retired.
5. Repairing for reuse materials recovered
from plant.
6. Testing for locating and clearing trouble.
7. Net cost of installing, maintaining, and
removing temporary facilities to prevent
interruptions in service.
8. Replacing or adding minor items of plant
which do not constitute a retirement unit.
(See electric plant instruction 10.)
3. Rents.
A. The rent expense accounts provided under the several functional
groups of expense accounts shall include all rents, including taxes paid by
the lessee on leased property, for property used in utility operations, except
(1) minor amounts paid for occasional
or infrequent use of any property or
equipment and all amounts paid for use
of equipment that, if owned, would be
includible in plant accounts 391 to 398,
inclusive, which shall be treated as an
expense item and included in the appropriate functional account and (2)
rents which are chargeable to clearing
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accounts, and distributed therefrom to
the appropriate account. If rents cover
property used for more than one function, such as production and transmission, or by more than one department, the rents shall be apportioned to
the appropriate rent expense or clearing accounts of each department on an
actual, or, if necessary, an estimated
basis.
B. When a portion of property or
equipment rented from others for use
in connection with utility operations is
subleased, the revenue derived from
such subleasing shall be credited to the
rent revenue account in operating revenues; provided, however, that in case
the rent was charged to a clearing account, amounts received from subleasing the property shall be credited
to such clearing account.
C. The cost, when incurred by the lessee, of operating and maintaining
leased property, shall be charged to the
accounts appropriate for the expense if
the property were owned.
D. The cost incurred by the lessee of
additions and replacements to electric
plant leased from others shall be accounted for as provided in electric
plant instruction 6.
4. Training Costs.
When it is necessary that employees
be trained to specifically operate or
maintain plant facilities that are being
constructed, the related costs shall be
accounted for as a current operating
and maintenance expense. These expenses shall be charged to the appropriate functional accounts currently as
they are incurred. However, when the
training costs involved relate to facilities which are not conventional in nature, or are new to the company’s operations, then see Electric Plant Instruction 3(19), for accounting.
Balance Sheet Chart of Accounts
ASSETS AND OTHER DEBITS
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1. UTILITY PLANT
101 Electric plant in service (Major only).
101.1 Property under capital leases.
102 Electric plant purchased or sold.
103 Experimental electric plant unclassified
(Major only).
103.1 Electric plant in process of reclassification (Nonmajor only).
104 Electric plant leased to others.
105 Electric plant held for future use.
Pt. 101
106 Completed construction not classified—
Electric (Major only).
107 Construction work in progress—Electric.
108 Accumulated provision for depreciation
of electric utility plant (Major only).
109 [Reserved]
110 Accumulated provision for depreciation
and amortization of electric utility plant
(Nonmajor only).
111 Accumulated provision for amortization
of electric utility plant (Major only).
112–113 [Reserved]
114 Electric plant acquisition adjustments.
115 Accumulated provision for amortization
of electric plant acquisition adjustments
(Major only).
116 Other electric plant adjustments.
118 Other utility plant.
119 Accumulated provision for depreciation
and amortization of other utility plant.
120.1 Nuclear fuel in process of refinement,
conversion, enrichment and fabrication
(Major only).
120.2 Nuclear fuel materials and assemblies—
Stock account (Major only).
120.3 Nuclear fuel assemblies in reactor
(Major only).
120.4 Spent nuclear fuel (Major only).
120.5 Accumulated provision for amortization
of nuclear fuel assemblies (Major only).
120.6 Nuclear fuel under capital leases (Major
only).
2. OTHER PROPERTY AND INVESTMENTS
121 Nonutility property.
122 Accumulated provision for depreciation
and amortization of nonutility property.
123 Investment in associated companies
(Major only).
123.1 Investment in subsidiary companies
(Major only).
124 Other investments.
125 Sinking funds (Major only).
126 Depreciation fund (Major only).
127 Amortization fund—Federal (Major only).
128 Other special funds (Major only).
129 Special funds (Nonmajor only).
3. CURRENT AND ACCRUED ASSETS
130
131
132
133
134
135
136
141
142
143
144
Cash and working funds (Nonmajor only).
Cash (Major only).
Interest special deposits (Major only).
Dividend special deposits (Major only).
Other special deposits (Major only).
Working funds (Major only).
Temporary cash investments.
Notes receivable.
Customer accounts receivable.
Other accounts receivable.
Accumulated provision for uncollectible
accounts—credit.
145 Notes receivable from associated companies.
146 Accounts receivable from associated
companies.
151 Fuel stock (Major only).
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
152 Fuel stock expenses undistributed (Major
only).
153 Residuals (Major only).
154 Plant materials and operating supplies.
155 Merchandise (Major only).
156 Other materials and supplies (Major
only).
157 Nuclear materials held for sale (Major
only).
158.1 Allowance inventory.
158.2 Allowances withheld.
163 Stores expense undistributed (Major
only).
165 Prepayments.
171 Interest and dividends receivable (Major
only).
172 Rents receivable (Major only).
173 Accrued utility revenues (Major only).
174 Miscellaneous current and accrued assets.
175 Derivative instrument assets.
176 Derivative instrument assets-Hedges.
4. DEFERRED DEBITS
181 Unamortized debt expense.
182.1 Extraordinary property losses.
182.2 Unrecovered plant and regulatory study
costs.
182.3 Other regulatory assets.
183 Preliminary survey and investigation
charges (Major only).
184 Clearing accounts (Major only).
185 Temporary facilities (Major only).
186 Miscellaneous deferred debits.
187 Deferred losses from disposition of utility
plant.
188 Research, development, and demonstration expenditures (Major only).
189 Unamortized loss on reacquired debt.
190 Accumulated deferred income taxes.
LIABILITIES AND OTHER CREDITS
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5. PROPRIETARY CAPITAL
201 Common stock issued.
202 Common stock subscribed (Major only).
203 Common stock liability for conversion
(Major only).
204 Preferred stock issued.
205 Preferred stock subscribed (Major only).
206 Preferred stock liability for conversion
(Major only).
207 Premium on capital stock (Major only).
208 Donations received from stockholders
(Major only).
209 Reduction in par or stated value of capital stock (Major only).
210 Gain on resale or cancellation of reacquired capital stock (Major only).
211 Miscellaneous paid-in capital.
212 Installments received on capital stock.
213 Discount on capital stock.
214 Capital stock expense.
215 Appropriated retained earnings.
215.1 Appropriated retained earnings—Amortization reserve, Federal.
216 Unappropriated retained earnings.
216.1 Unappropriated undistributed subsidiary earnings (Major only).
217 Reacquired capital stock.
218 Noncorporate proprietorship (Nonmajor
only).
219 Accumulated other comprehensive income.
6. LONG-TERM DEBT
221
222
223
224
225
226
Bonds.
Reacquired bonds (Major only).
Advances from associated companies.
Other long-term debt.
Unamortized premium on long-term debt.
Unamortized discount on long-term
debt—Debit.
7. OTHER NONCURRENT LIABILITIES
227 Obligations under capital lease—noncurrent.
228.1 Accumulated provision for property insurance.
228.2 Accumulated provision for injuries and
damages.
228.3 Accumulated provision for pensions and
benefits.
228.4 Accumulated miscellaneous operating
provisions.
229 Accumulated provision for rate refunds.
230 Asset retirement obligations.
8. CURRENT AND ACCRUED LIABILITIES
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
Notes payable.
Accounts payable.
Notes payable to associated companies.
Accounts payable to associated companies.
Customer deposits.
Taxes accrued.
Interest accrued.
Dividends declared (Major only).
Matured long-term debt (Major only).
Matured interest (Major only).
Tax collections payable (Major only).
Miscellaneous current and accrued liabilities.
Obligations under capital leases—current.
Derivatives instrument liabilities.
Derivative instrument liabilities-Hedges.
9. DEFERRED CREDITS
251
252
253
254
255
256
257
281
282
[Reserved]
Customer advances for construction.
Other deferred credits.
Other regulatory liabilities.
Accumulated deferred investment tax
credits.
Deferred gains from disposition of utility
plant.
Unamortized gain on reacquired debt.
Accumulated deferred income taxes—Accelerated amortization property.
Accumulated deferred income taxes—
Other property.
394
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Federal Energy Regulatory Commission
283 Accumulated deferred income taxes—
Other.
Balance Sheet Accounts
101 Electric plant in service (Major
only).
A. This account shall include the
original cost of electric plant, included
in accounts 301 to 399, prescribed herein, owned and used by the utility in its
electric utility operations, and having
an expectation of life in service of
more than one year from date of installation, including such property owned
by the utility but held by nominees.
(See also account 106 for unclassified
construction costs of completed plant
actually in service.)
B. The cost of additions to and betterments of property leased from others, which are includible in this account, shall be recorded in subdivisions
separate and distinct from those relating to owned property. (See electric
plant instruction 6.)
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101.1 Property under capital leases.
A. This account shall include the
amount recorded under capital leases
for plant leased from others and used
by the utility in its utility operations.
B. The electric property included in
this account shall be classified separately according to the detailed accounts (301 to 399) prescribed for electric plant in service.
C. Records shall be maintained with
respect to each capital lease reflecting:
(1) name of lessor, (2) basic details of
lease, (3) terminal date, (4) original
cost or fair market value of property
leased, (5) future minimum lease payments, (6) executory costs, (7) present
value of minimum lease payments, (8)
the amount representing interest and
the interest rate used, and (9) expenses
paid. Records shall also be maintained
for plant under a lease, to identify the
asset retirement obligation and cost
originally recognized for each lease and
the periodic charges and credits made
to the asset retirement obligations and
asset retirement costs.
102 Electric plant purchased or sold.
A. This account shall be charged with
the cost of electric plant acquired as an
operating unit or system by purchase,
Pt. 101
merger, consolidation liquidation, or
otherwise, and shall be credited with
the selling price of like property transferred to others pending the distribution to appropriate accounts in accordance with electric plant instruction 5.
B. Within six months from the date
of acquisition or sale of property recorded herein, the utility shall file
with the Commission the proposed
journal entries to clear from this account the amounts recorded herein.
103 Experimental electric plant unclassified (Major only).
A. This account shall include the
cost of electric plant which was constructed as a research, development,
and demonstration plant under the provisions of paragraph C, Account 107,
Construction Work in Progress—Electric, and due to the nature of the plant
it is desirous to operate it for a period
of time in an experimental status.
B. Amounts in this account shall be
transferred to Account 101, Electric
Plant in Service, or Account 121, Nonutility Property as appropriate when
the project is no longer considered as
experimental.
C. The depreciation on plant in this
account shall be charged to account
403, Depreciation expense, and account
403.1, Depreciation expense for asset retirement costs, as appropriate, and
credited to account 108, Accumulated
provision for depreciation of electric
utility
plant
(Major
only).
The
amounts herein shall be depreciated
over a period which corresponds to the
estimated useful life of the relevant
project considering the characteristics
involved. However, when projects are
transferred to account 101, Electric
plant in service, a new depreciation
rate based on the remaining service life
and undepreciated amounts, will be established.
D. Records shall be maintained with
respect to each unit of experiment so
that full details may be obtained as to
the cost, depreciation and the experimental status.
E. Should it be determined that experimental plant recorded in this account will fail to satisfactorily perform
its function, the costs thereof shall be
accounted for as directed or authorized
by the Commission.
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
103.1 Electric plant in process of reclassification (Nonmajor only).
A. This account shall include temporarily the balance of electric plant as
of the effective date of the prior system of accounts, which has not yet
been reclassified as of the effective
date of this system of accounts. The
detail or primary accounts in support
of this account employed prior to such
date shall be continued pending reclassification into the electric plant accounts herein prescribed (301–399), but
shall not be used for additions, betterments, or new construction.
B. No charges other than as provided
in paragraph A, above, shall be made to
this account, but retirements of such
unclassified electric plant shall be
credited hereto and to the supporting
(old) fixed capital accounts until the
reclassification shall have been accomplished.
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104 Electric plant leased to others.
A. This account shall include the
original cost of electric plant owned by
the utility, but leased to others as operating units or systems, where the lessee has exclusive possession.
B. The property included in this account shall be classified according to
the detailed accounts (301 to 399) prescribed for electric plant in service and
this account shall be maintained in
such detail as though the property
were used by the owner in its utility
operations.
105 Electric plant held for future use.
A. This account shall include the
original cost of electric plant (except
land and land rights) owned and held
for future use in electric service under
a definite plan for such use, to include:
(1) Property acquired (except land and
land rights) but never used by the utility in electric service, but held for such
service in the future under a definite
plan, and (2) property (except land and
land rights) previously used by the
utility in service, but retired from such
service and held pending its reuse in
the future, under a definite plan, in
electric service.
B. This account shall also include the
original cost of land and land rights
owned and held for future use in electric service under a plan for such use,
to include land and land rights: (1) Acquired but never used by the utility in
electric service, but held for such service in the future under a plan, and (2)
previously held by the utility in service, but retired from such service and
held pending its reuse in the future
under a plan, in electric service. (See
Electric Plant Instruction 7.)
C. In the event that property recorded in this account shall no longer
be needed or appropriate for future
utility operations, the company shall
request Commission approval of journal entries to remove such property
from this account when the gain realized from the sale or other disposition
of the property is $100,000 or more,
prior to their being recorded. Such filings shall include the description and
original cost of individual properties
removed from this account, the accounts charged upon removal, and any
associated gains realized upon disposition of such property.
D. Gains or losses from the sale of
land and land rights or other disposition of such property previously recorded in this account and not placed
in utility service shall be recorded directly in accounts 411.6 or 411.7, as appropriate, except when determined to
be significant by the Commission.
Upon such a determination, the
amounts shall be transferred to account 256, Deferred Gains from Disposition of Utility Plant, or account 187,
Deferred Losses from Disposition of
Utility Plant, and amortized to accounts 411.6, Gains from Disposition of
Utility Plant, or 411.7, Losses from Disposition of Utility Plant, as appropriate.
E. The property included in this account shall be classified according to
the detail accounts (301 to 399) prescribed for electric plant in service and
the account shall be maintained in
such detail as though the property
were in service.
NOTE: Materials and supplies, meters and
transformers held in reserve, and normal
spare capacity of plant in service shall not
be included in this account.
396
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Federal Energy Regulatory Commission
106 Completed construction not classified—Electric (Major only).
At the end of the year or such other
date as a balance sheet may be required by the Commission, this account shall include the total of the balances of work orders for electric plant
which has been completed and placed
in service but which work orders have
not been classified for transfer to the
detailed electric plant accounts.
NOTE: For the purpose of reporting to the
Commission the classification of electric
plant in service by accounts is required, the
utility shall also report the balance in this
account tentatively classified as accurately
as practicable according to prescribed account classifications. The purpose of this
provision is to avoid any significant omissions in reported amounts of electric plant in
service.
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107 Construction work in progress—
Electric.
A. This account shall include the
total of the balances of work orders for
electric plant in process of construction.
B. Work orders shall be cleared from
this account as soon as practicable
after completion of the job. Further, if
a project, such as a hydroelectric
project, a steam station or a transmission line, is designed to consist of
two or more units or circuits which
may be placed in service at different
dates, any expenditures which are common to and which will be used in the
operation of the project as a whole
shall be included in electric plant in
service upon the completion and the
readiness for service of the first unit.
Any expenditures which are identified
exclusively with units of property not
yet in service shall be included in this
account.
C. Expenditures on research, development, and demonstration projects for
construction of utility facilities are to
be included in a separate subdivision in
this account. Records must be maintained to show separately each project
along with complete detail of the nature and purpose of the research, development, and demonstration project together with the related costs.
Pt. 101
108 Accumulated provision for depreciation of electric utility plant
(Major only).
A. This account shall be credited
with the following:
(1) Amounts charged to account 403,
Depreciation Expense, or to clearing
accounts for current depreciation expense for electric plant in service.
(2) Amounts charged to account 403.1,
Depreciation expense for asset retirement costs, for current depreciation
expense related to asset retirement
costs in electric plant in service in a
separate subaccount.
(3) Amounts charged to account 421,
Miscellaneous Nonoperating Income,
for depreciation expense on property
included in account 105, Electric Plant
Held for Future Use. Include, also, the
balance of accumulated provision for
depreciation on property when transferred to account 105, Electric Plant
Held for Future Use, from other property accounts. Normally account 108
will not be used for current depreciation provisions because, as provided
herein, the service life during which
depreciation is computed commences
with the date property is includible in
electric plant in service; however, if
special circumstances indicate the propriety of current accruals for depreciation, such charges shall be made to account 421, Miscellaneous Nonoperating
Income.
(4) Amounts charged to account 413,
Expenses of Electric Plant Leased to
Others, for electric plant included in
account 104, Electric Plant Leased to
Others.
(5) Amounts charged to account 416,
Costs and Expenses of Merchandising,
Jobbing, and Contract Work, or to
clearing accounts for current depreciation expense.
(6) Amounts of depreciation applicable to electric properties acquired as
operating units or systems. (See electric plant instruction 5.)
(7) Amounts charged to account 182,
Extraordinary Property Losses, when
authorized by the Commission.
(8) Amounts of depreciation applicable to electric plant donated to the
utility.
(The utility shall maintain separate
subaccounts for depreciation applicable
to electric plant in service, electric
397
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
plant leased to others and electric
plant held for future use.)
B. At the time of retirement of depreciable electric utility plant, this account shall be charged with the book
cost of the property retired and the
cost of removal and shall be credited
with the salvage value and any other
amounts recovered, such as insurance.
When retirement, costs of removal and
salvage are entered originally in retirement work orders, the net total of such
work orders may be included in a separate subaccount hereunder. Upon completion of the work order, the proper
distribution to subdivisions of this account shall be made as provided in the
following paragraph.
C. For general ledger and balance
sheet purposes, this account shall be
regarded and treated as a single composite provision for depreciation. For
purposes of analysis, however, each
utility
shall
maintain
subsidiary
records in which this account is segregated according to the following
functional classification for electric
plant:
(1) Steam production,
(2) Nuclear production,
(3) Hydraulic production,
(4) Other production,
(5) Transmission,
(6) Distribution,
(7) Regional Transmission and Market Operation, and
(8) General.
These subsidiary records shall reflect
the current credits and debits to this
account in sufficient detail to show
separately for each such functional
classification:
(a) The amount of accrual for depreciation,
(b) The book cost of property retired,
(c) Cost of removal,
(d) Salvage, and
(e) Other items, including recoveries
from insurance.
Separate subsidiary records shall be
maintained for the amount of accrued
cost of removal other than legal obligations for the retirement of plant recorded in Account 108, Accumulated
provision for depreciation of electric
utility plant (Major only).
D. When transfers of plant are made
from one electric plant account to another, or from or to another utility de-
partment, or from or to nonutility
property accounts, the accounting for
the related accumulated provision for
depreciation shall be as provided in
electric plant instruction 12.
E. The utility is restricted in its use
of the accumulated provision for depreciation to the purposes set forth above.
It shall not transfer any portion of this
account to retained earnings or make
any other use thereof without authorization by the Commission.
109 [Reserved]
110 Accumulated provision for depreciation and amortization of electric
utility plant (Nonmajor only).
A. This account shall be credited
with the following:
(1) Amounts charged to account 403
Depreciation Expense, to account 404
Amortization of Limited-Term Electric
Plant, to account 405, Amortization of
Other Electric Plant, to account 413,
Expenses of Electric Plant Leased to
Others, to account 416. Costs and Expenses of Merchandising, Jobbing and
Contract Work, or to clearing accounts
for currently accruing depreciation and
amortization.
(2) Amounts charged to account 403.1,
Depreciation expense for asset retirement costs, in electric utility plant in
service in a separate subaccount.
(3) Amounts of depreciation applicable to electric properties acquired as
operating units or systems. (See electric plant instruction 4.)
(4) Amounts chargeable to account
182, Extraordinary Property Losses,
when authorized by the Commission.
(5) Amounts of depreciation applicable to electric plant donated to the
utility.
B. At the time of retirement of electric plant, this account shall be
charged with the book cost of the property retired and the cost of removal,
and shall be credited with the salvage
value and any other amounts recovered, such as insurance. When retirements, cost of removal and salvage are
entered originally in retirement work
orders, the net total of such work orders may be included in a separate subaccount hereunder. Upon completion of
the work order, the proper distribution
to subdivisions of this account shall be
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Federal Energy Regulatory Commission
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made as provided in the following paragraph.
C. For general ledger and balance
sheet purposes, this account shall be
regarded and treated as a single composite provision for depreciation. This
account shall be subdivided to show the
amount applicable to Electric Plant in
Service, Electric Plant Leased to Others, and Electric Plant Held for Future
Use. These subsidiary records shall
show the current credits and debits to
this account in sufficient detail to
show separately for each subdivision,
(1) the amount of accrual for depreciation or amortization, (2) the book cost
of property retired, (3) cost of removal,
(4) salvage and (5) other items, including recoveries from insurance. Separate subsidiary records shall be maintained for the amount of accrued cost
of removal other than legal obligations
for the retirement of plant recorded in
account 110, Accumulated provision for
depreciation of electric utility plant
(Nonmajor only).
D. When transfers of plant are made
from one electric plant account to another, or form or to nonutility property, the accounting shall be as provided in electric plant instruction 10.
E. The utility is restricted in its use
of the accumulated provision for depreciation to the purposes set forth above.
It shall not transfer any portion of this
account to retained earnings or make
any other use thereof without authorization by the Commission.
111 Accumulated provision for amortization of electric utility plant
(Major only).
A. This account shall be credited
with the following:
(1) Amounts charged to account 404,
Amortization of Limited-Term Electric
Plant, for the current amortization of
limited-term electric plant investments.
(2) Amounts charged to account 421,
Miscellaneous Nonoperating Income,
for amortization expense on property
included in account 105, Electric Plant
Held for Future Use. Include also the
balance of accumulated provision for
amortization on property when transferred to account 105, Electric Plant
Held for Future Use, from other property accounts. See also paragraph A(2),
Pt. 101
account 108, Accumulated Provision for
Depreciation of Electric Utility Plant.
(3) Amounts charged to account 405,
Amortization of Other Electric Plant.
(4) Amounts charged to account 413,
Expenses of Electric Plant Leased to
Others, for the current amortization of
limited-term or other investments subject to amortization included in account 104, Electric Plant Leased to
Others.
(5) Amounts charged to account 425,
Miscellaneous Amortization, for the
amortization of intangible or other
electric plant which does not have a
definite or terminable life and is not
subject to charges for depreciation expense, with Commission approval.
(The utility shall maintain subaccounts of this account for the amortization applicable to electric plant in
service, electric plant leased to others
and electric plant held for future use.)
B. When any property to which this
account applies is sold, relinquished, or
otherwise retired from service, this account shall be charged with the
amount previously credited in respect
to such property. The book cost of the
property so retired less the amount
chargeable to this account and less the
net proceeds realized at retirement
shall be included in account 421.1, Gain
on Disposition of Property, or account
421.2, Loss on Disposition of Property,
as appropriate.
C. For general ledger and balance
sheet purposes, this account shall be
regarded and treated as a single composite provision for amortization. For
purposes of analysis, however, each
utility
shall
maintain
subsidiary
records in which this account is segregated according to the following
functional classification for electric
plant: (1) Steam production, (2) nuclear
production, (3) hydraulic production,
(4) other production, (5) transmission,
(6) distribution, and (7) general. These
subsidiary records shall reflect the current credits and debits to this account
in sufficient detail to show separately
for each such functional classification
(a) the amount of accrual for amortization, (b) the book cost of property retired, (c) cost of removal, (d) salvage,
and (e) other items, including recoveries from insurance.
399
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
D. The utility is restricted in its use
of the accumulated provision for amortization to the purposes set forth
above. It shall not transfer any portion
of this account to retained earnings or
make any other use thereof without
authorization by the Commission.
112-113 [Reserved]
erowe on DSK2VPTVN1PROD with CFR
114 Electric plant acquisition adjustments.
A. This account shall include the difference between (1) the cost to the accounting utility of electric plant acquired as an operating unit or system
by purchase, merger, consolidation, liquidation, or otherwise, and (2) the
original cost, estimated, if not known,
of such property, less the amount or
amounts credited by the accounting
utility at the time of acquisition to accumulated provisions for depreciation
and amortization and contributions in
aid of construction with respect to
such property.
B. With respect to acquisitions after
the effective date of this system of accounts, this account shall be subdivided so as to show the amounts included herein for each property acquisition and to electric plant in service,
electric plant held for future use, and
electric plant leased to others. (See
electric plant instruction 5.)
C. Debit amounts recorded in this account related to plant and land acquisition may be amortized to account 425,
Miscellaneous Amortization, over a period not longer than the estimated remaining life of the properties to which
such amounts relate. Amounts related
to the acquisition of land only may be
amortized to account 425 over a period
of not more than 15 years. Should a
utility wish to account for debit
amounts in this account in any other
manner, it shall petition the Commission for authority to do so. Credit
amounts recorded in this account shall
be accounted for as directed by the
Commission.
115 Accumulated provision for amortization of electric plant acquisition
adjustments (Major only).
This account shall be credited or debited with amounts which are includible
in account 406. Amortization of Elec-
tric Plant Acquisition Adjustments or
account 425, Miscellaneous Amortization, for the purpose of providing for
the extinguishment of amounts in account 114, Electric Plant Acquisition
Adjustments, in instances where the
amortization of account 114 is not
being made by direct write-off of the
account.
116 Other electric plant adjustments.
A. This account shall include the difference between the original cost, estimated if not known, and the book cost
of electric plant to the extent that
such difference is not properly includible in account 114, Electric Plant Acquisition Adjustments. (See electric
plant instruction 1C).
B. Amounts included in this account
shall be classified in such manner as to
show the origin of each amount and
shall be disposed of as the Commission
may approve or direct.
NOTE: The provisions of this account shall
not be construed as approving or authorizing
the recording of appreciation of electric
plant.
118 Other utility plant.
This account shall include the balances in accounts for utility plant,
other than electric plant, such as gas,
railway, etc.
119 Accumulated provision for depreciation and amortization of other
utility plant.
This account shall include the accumulated provision for depreciation and
amortization applicable to utility
property other than electric plant.
120.1 Nuclear fuel in process of refinement, conversion, enrichment and
fabrication (Major only).
A. This account shall include the
original cost to the utility of nuclear
fuel materials while in process of refinement, conversion, enrichment, and
fabrication into nuclear fuel assemblies and components, including processing, fabrication, and necessary shipping costs. This account shall also include the salvage value of nuclear materials which are actually being reprocessed for use and were transferred from
account 120.5, Accumulated Provision
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Federal Energy Regulatory Commission
for Amortization of Nuclear Fuel Assemblies. (See definition 20.)
B. This account shall be credited and
account 120.2, Nuclear Fuel Materials
and Assemblies—Stock Account, shall
be debited for the cost of completed
fuel assemblies delivered for use in refueling or to be held as spares. In the
case of the initial core loading, the
transfer shall be made directly to account 120.3, Nuclear Fuel Assemblies in
Reactor, upon the conclusion of the experimental or test period of the plant
prior to its becoming available for
service.
ITEMS
1. Cost of natural uranium, uranium ores
concentrates or other nuclear fuel sources,
such as thorium, plutonium, and U–233.
2. Value of recovered nuclear materials
being reprocessed for use.
3. Milling process costs.
4. Sampling and weighing, and assaying
costs.
5. Purification and conversion process
costs.
6. Costs of enrichment by gaseous diffusion
or other methods.
7. Costs of fabrication into fuel forms suitable for insertion in the reactor.
8. All shipping costs of materials and components, including shipping of fabricated fuel
assemblies to the reactor site.
9. Use charges on leased nuclear materials
while in process of refinement, conversion,
enrichment, and fabrication.
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120.2 Nuclear fuel materials and assemblies—Stock account (Major only).
A. This account shall be debited and
account 120.1, Nuclear Fuel in Process
of Refinement, Conversion, Enrichment, and Fabrication, shall be credited with the cost of fabricated fuel assemblies delivered for use in refueling
or to be carried in stock as spares. It
shall also include the original cost of
fabricated fuel assemblies purchased in
completed form. This account shall
also include the original cost of partially irradiated fuel assemblies being
held in stock for reinsertion in a reactor which had been transferred from
account 120.3, Nuclear Fuel Assemblies
in Reactor.
B. When fuel assemblies included in
this account are inserted in a reactor,
this account shall be credited and account 120.3, Nuclear Fuel Assemblies in
Pt. 101
Reactor, debited for the cost of such
assemblies.
C. This account shall also include the
cost of nuclear materials and byproduct materials being held for future use
and not actually in process in account
120.1, Nuclear Fuel in Process of Refinement, Conversion, Enrichment, and
Fabrication.
120.3 Nuclear fuel assemblies in reactor
(Major only).
A. This account shall include the
cost of nuclear fuel assemblies when
inserted in a reactor for the production
of electricity. The amounts included
herein shall be transferred from account 120.2, Nuclear Fuel Materials and
Assemblies—Stock Account, except for
the initial core loading which will be
transferred directly from account 120.1.
B. Upon removal of fuel assemblies
from a reactor, the original cost of the
assemblies removed shall be transferred to account 120.4, Spent Nuclear
Fuel or account 120.2, Nuclear Fuel Materials and Assemblies—Stock Account, as appropriate.
120.4 Spent nuclear fuel (Major only).
A. This account shall include the
original cost of nuclear fuel assemblies, in the process of cooling, transferred from account 120.3, Nuclear Fuel
Assemblies in Reactor, upon removal
from a reactor pending reprocessing.
B. This account shall be credited and
account 120.5, Accumulated Provision
for Amortization of Nuclear Fuel Assemblies, debited for fuel assemblies,
after the cooling period is over, at the
cost recorded in this account.
120.5 Accumulated provision for amortization of nuclear fuel assemblies
(Major only).
A. This account shall be credited and
account 518, Nuclear fuel expense shall
be debited for the amortization of the
net cost of nuclear fuel assemblies used
in the production of energy. The net
cost of nuclear fuel assemblies subject
to amortization shall be the original
cost of nuclear fuel assemblies, plus or
less the expected net salvage value of
uranium, plutonium, and other byproducts.
B. This account shall be credited
with the net salvage value of uranium,
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18 CFR Ch. I (4–1–12 Edition)
plutonium, and other nuclear by-products when such items are sold, transferred or otherwise disposed of. Account 120.1, Nuclear Fuel in Process of
Refinement, Conversion, Enrichment,
and Fabrication, shall be debited with
the net salvage value of nuclear materials to be reprocessed. Account 157,
Nuclear Materials Held for Sale shall
be debited for the net salvage value of
nuclear materials not to be reprocessed
but to be sold or otherwise disposed of
and account 120.2, will be debited with
the net salvage value of nuclear materials that will be held for future use
and not actually in process, in account
120.1, Nuclear Fuel in Process of Refinement, Conversion, Enrichment, and
Fabrication.
C. This account shall be debited and
account 120.4, Spent Nuclear Fuel,
shall be credited with the cost of fuel
assemblies at the end of the cooling period.
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120.6 Nuclear fuel under capital leases
(Major only).
A. This account shall include the
amount recorded under capital leases
for nuclear fuel leased from others for
use by the utility in its utility operations.
B. Records shall be maintained with
respect to each capital lease reflecting:
(1) Name of lessor, (2) basic details of
lease, (3) terminal date, (4) original
cost or fair market value of nuclear
fuel leased, (5) future minimum lease
payments, (6) executory costs, (7)
present value of minimum lease payments, (8) the amount representing interest and the interest rate used, and
(9) expenses paid.
121 Nonutility property.
A. This account shall include the
book cost of land, structures, equipment, or other tangible or intangible
property owned by the utility, but not
used in utility service and not properly
includible in account 105, Electric
Plant Held for Future Use. This account shall also include, where applicable, amounts recorded for asset retirement costs associated with nonutility
plant.
B. This account shall also include the
amount recorded under capital leases
for property leased from others and
used by the utility in its nonutility operations. Records shall be maintained
with respect to each lease reflecting:
(1) name of lessor, (2) basic details of
lease, (3) terminal date, (4) original
cost or fair market value of property
leased, (5) future minimum lease payments, (6) executory costs, (7) present
value of minimum lessee payments, (8)
the amount representing interest and
the interest rate used, and (9) expenses
paid.
C. This account shall be subdivided
so as to show the amount of property
used in operations which are nonutility
in character but nevertheless constitute a distinct operating activity of
the company (such as operation of an
ice department where such activity is
not classed as a utility) and the
amount of miscellaneous property not
used in operations. The records in support of each subaccount shall be maintained so as to show an appropriate
classification of the property.
NOTE: The gain from the sale or other disposition of property included in this account
which had been previously recorded in account 105, Electric Plant Held for Future
Use, shall be accounted for in accordance
with paragraph C of account 105.
122 Accumulated provision for depreciation and amortization of nonutility property.
This account shall include the accumulated provision for depreciation and
amortization applicable to nonutility
property.
123 Investment in associated companies
(Major only).
A. This account shall include the
book cost of investments in securities
issued or assumed by associated companies and investment advances to
such companies, including interest accrued thereon when such interest is not
subject to current settlement, provided
that the investment does not relate to
a subsidiary company. (If the investment relates to a subsidiary company
it shall be included in account 123.1, Investment in Subsidiary Companies.) Include herein the offsetting entry to the
recording of amortization of discount
or premium on interest bearing investments. (See account 419, Interest and
Dividend Income.)
402
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Federal Energy Regulatory Commission
B. This account shall be maintained
in such manner as to show the investment in securities of, and advances to,
each associated company together with
full particulars regarding any of such
investments that are pledged.
NOTE A: Securities and advances of associated companies owned and pledged shall be
included in this account, but such securities,
if held in special deposits or in special funds,
shall be included in the appropriate deposit
or fund account. A complete record of securities pledged shall be maintained.
NOTE B: Securities of associated companies
held as temporary cash investments are includible in account 136, Temporary Cash Investments.
NOTE C: Balances in open accounts with associated companies, which are subject to
current settlement, are includible in account
146, Accounts Receivable from Associated
Companies.
NOTE D: The utility may write down the
cost of any security in recognition of a decline in the value thereof. Securities shall be
written off or written down to a nominal
value if there is no reasonable prospect of
substantial value. Fluctuations in market
value shall not be recorded but a permanent
impairment in the value of securities shall
be recognized in the accounts. When securities are written off or written down, the
amount of the adjustment shall be charged
to account 426.5, Other Deductions, or to an
appropriate account for accumulated provisions for loss in value established as a separate subdivision of this account.
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123.1 Investment in subsidiary companies (Major only).
A. This account shall include the
cost of investments in securities issued
or assumed by subsidiary companies
and investment advances to such companies, including interest accrued
thereon when such interest is not subject to current settlement plus the equity in undistributed earnings or losses
of such subsidiary companies since acquisition. This account shall be credited with any dividends declared by
such subsidiaries.
B. This account shall be maintained
in such a manner as to show separately
for each subsidiary: the cost of such investments in the securities of the subsidiary at the time of acquisition; the
amount of equity in the subsidiary’s
undistributed net earnings or net
losses since acquisition; advances or
loans to such subsidiary; and full par-
Pt. 101
ticulars regarding any such investments that are pledged.
124 Other investments.
A. This account shall include the
book cost of investments in securities
issued or assumed by nonassociated
companies, investment advances to
such companies, and any investments
not accounted for elsewhere. This account shall also include unrealized
holding gains and losses on trading and
available-for-sale types of security investments. Include also the offsetting
entry to the recording of amortization
of discount or premium on interest
bearing investments. (See account 419,
interest and dividend income.)
B. The cost of capital stock of the
utility reacquired by it under a definite
plan for resale pursuant to authorization by the Board of Directors may, if
permitted by statutes, be included in a
separate subdivision of this account.
(See also account 210, Gain on Resale
or Cancellation of Reacquired Capital
Stock, and account 217, Reacquired
Capital Stock.)
C. The records shall be maintained in
such manner as to show the amount of
each investment and the investment
advances to each person.
NOTE A: Securities owned and pledged shall
be included in this account, but securities
held in special deposits or in special funds
shall be included in appropriate deposit or
fund accounts. A complete record of securities pledged shall be maintained.
NOTE B: Securities held as temporary cash
investments shall not be included in this account.
NOTE C: Special funds. See Note D of account 123.
125 Sinking funds (Major only).
This account shall include the
amount of cash and book cost of investments held in sinking funds. This
account shall also include unrealized
holding gains and losses on trading and
available-for-sale types of security investments. A separate account, with
appropriate title, shall be kept for each
sinking fund. Transfers from this account to special deposit accounts may
be made as necessary for the purpose of
paying matured sinking-fund obligations, or obligations called for redemption but not presented, or the interest
thereon.
403
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18 CFR Ch. I (4–1–12 Edition)
126 Depreciation fund (Major only).
This account shall include the
amount of cash and book cost of investments which have been segregated
in a special fund for the purpose of
identifying such assets with the accumulated provisions for depreciation.
This account shall also include unrealized holding gains and losses on trading
and available-for-sale types of security
investments.
ignated as current and accrued assets
are provided. There shall not be included in the group of accounts designated as current and accrued assets
any item, the amount or collectibility
of which is not reasonably assured, unless an adequate provision for possible
loss has been made therefor. Items of
current character but of doubtful value
may be written down and for record
purposes carried in these accounts at
nominal value.
127 Amortization fund—Federal (Major
only).
This account shall include the
amount of cash and book cost of investments of any investments of any
fund maintained pursuant to the requirements of a federal regulatory
body, as the cash and investments segregated for the purpose of identifying
the specific assets associated with account 215.1, appropriated retained earnings—amortization reserve, federal.
This account shall also include unrealized holding gains and losses on trading
and available-for-sale types of security
investments.
129 Special funds (Nonmajor only).
This account shall include the
amount of cash and book cost of investments which have been segregated
in special funds for bond retirements,
property additions and replacements,
insurance, employees’ pensions, savings, relief, hospital, and other purposes not provided for elsewhere. This
account shall also include unrealized
holding gains and losses on trading and
available-for-sale types of security investments. A separate account, with
appropriate title, shall be kept for each
fund.
128 Other special funds (Major only).
This account shall include the
amount of cash and book cost of investments which have been segregated
in special funds for insurance, employee pensions, savings, relief, hospital, and other purposes not provided
for elsewhere. This account shall also
include unrealized holding gains and
losses on trading and available-for-sale
types of security investments. A separate account with appropriate title,
shall be kept for each fund.
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NOTE: Amounts deposited with a trustee
under the terms of an irrevocable trust
agreement for pensions or other employee
benefits shall not be included in this account.
Special Instructions for Current and Accrued Assets. Current and accrued assets are cash, those assets which are
readily convertible into cash or are
held for current use in operations or
construction, current claims against
others, payment of which is reasonably
assured, and amounts accruing to the
utility which are subject to current
settlement, except such items for
which accounts other than those des-
NOTE A: Amounts deposited with a trustee
under the terms of an irrevocable trust
agreement for pensions or other employees
benefits shall not be included in this account.
NOTE B: Licensees under the Federal Power
Act which are required to establish an amortization fund under terms of the license shall
provide a special subdivision of this account
for the purpose of accounting for and identifying the cash, investments or other specific
assets associated with account 215.1, Appropriated Retained Earnings—Amortization
Reserve, Federal.
Special Instructions for Current and Accrued Assets. Current and accrued assets are cash, those assets which are
readily convertible into cash or are
held for current use in operations or
construction, current claims against
others, payment of which is reasonably
assured, and amounts accruing to the
utility which are subject to current
settlement, except such items for
which accounts other than those designated as current and accrued assets
are provided. There shall not be included in the group of accounts designated as current and accrued assets
any item, the amount or collectibility
of which is not reasonably assured, unless an adequate provision for possible
404
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Federal Energy Regulatory Commission
loss has been made therefor. Items of
current character but of doubtful value
may be written down and for record
purposes carried in these accounts at
nominal value.
NOTE: Assets available for general corporate purposes shall not be included in this
account. Further, deposits for more than one
year, which are not offset by current liabilities, shall not be charged to this account
but to account 128, Other Special Funds.
130 Cash and working funds (Nonmajor
only).
This account shall include the
amount of cash on hand and in banks
and cash advanced to officers, agents,
employees, and others as petty cash or
working funds. Special cash deposits
for payment of interest, dividends or
other special purposes shall be included
in this account in separate subdivisions
which shall specify the purpose for
which each such special deposit is
made.
135 Working funds (Major only).
This account shall include cash advanced to officers, agents, employees,
and others as petty cash or working
funds.
NOTE: Special Deposits for more than one
year which are not offset by current liabilities, shall not be charged to this account
but to account 125, Special Funds.
131 Cash (Major only).
This account shall include the
amount of current cash funds except
working funds.
132 Interest special deposits (Major
only).
This account shall include special deposits with fiscal agents or others for
the payment of interest.
133 Dividend special deposits (Major
only).
This account shall include special deposits with fiscal agents or others for
the payment of dividends.
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Pt. 101
134 Other special deposits (Major only).
This account shall include deposits
with fiscal agents or others for special
purposes other than the payment of interest and dividends. Such special deposits may include cash deposited with
federal, state, or municipal authorities
as a guaranty for the fulfillment of obligations; cash deposited with trustees
to be held until mortgaged property
sold, destroyed, or otherwise disposed
of is replaced; cash realized from the
sale of the accounting utility’s securities and deposited with trustees to be
held until invested in property of the
utility, etc. Entries to this account
shall specify the purpose for which the
deposit is made.
136 Temporary cash investments.
A. This account shall include the
book cost of investments, such as demand and time loans, bankers’ acceptances, United States Treasury certificates, marketable securities, and other
similar investments, acquired for the
purpose of temporarily investing cash.
B. This account shall be so maintained as to show separately temporary
cash investments in securities of associated companies and of others.
Records shall be kept of any pledged
investments.
141 Notes receivable.
This account shall include the book
cost, not includible elsewhere, of all
collectible obligations in the form of
notes receivable and similar evidences
(except interest coupons) of money due
on demand or within one year from the
date of issue, except, however, notes receivable from associated companies.
(See account 136, Temporary Cash Investments, and account 145, Notes Receivable from Associated Companies.)
NOTE: The face amount of notes receivable
discounted, sold, or transferred without releasing the utility from liability as endorser
thereon, shall be credited to a separate subdivision of this account and appropriate disclosure shall be made in financial statements of any contingent liability arising
from such transactions.
142 Customer accounts receivable.
A. This account shall include
amounts due from customers for utility service, and for merchandising, jobbing and contract work. This account
shall not include amounts due from associated companies.
B. This account shall be maintained
so as to permit ready segregation of
the amounts due for merchandising,
jobbing and contract work.
405
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18 CFR Ch. I (4–1–12 Edition)
143 Other accounts receivable.
A. This account shall include
amounts due the utility upon open accounts, other than amounts due from
associated companies and from customers for utility services and merchandising, jobbing and contract work.
B. This account shall be maintained
so as to show separately amounts due
on subscriptions to capital stock and
from officers and employees, but the
account shall not include amounts advanced to officers or others as working
funds. (See account 135, Working
Funds.)
144
Accumulated
provision
for
uncollectible accounts—credit.
A. This account shall be credited
with amounts provided for losses on accounts receivable which may become
uncollectible, and also with collections
on accounts previously charged hereto.
Concurrent charges shall be made to
account 904, Uncollectible Accounts,
for amounts applicable to utility operations, and to corresponding accounts
for other operations. Records shall be
maintained so as to show the write-offs
of account receivable for each utility
department.
B. This account shall be subdivided
to show the provision applicable to the
following classes of accounts receivable:
Utility customers.
Merchandising, jobbing and contract work.
Officers and employees.
Others.
NOTE A: Accretions to this account shall
not be made in excess of a reasonable provision against losses of the character provided
for.
NOTE B: If provisions for uncollectible
notes receivable or for uncollectible receivables from associated companies are necessary, separate subaccounts therefor shall
be established under the account in which
the receivable is carried.
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145 Notes receivable from associated
companies.
146 Accounts receivable from associated companies.
A. These accounts shall include notes
and drafts upon which associated companies are liable, and which mature
and are expected to be paid in full not
later than one year from the date of
issue, together with any interest thereon, and debit balances subject to current settlement in open accounts with
associated companies. Items which do
not bear a specified due date but which
have been carried for more than twelve
months and items which are not paid
within twelve months from due date
shall be transferred to account 123, Investment in Associated Companies.
B. A public utility or licensee participating in a cash management program
must maintain supporting documentation for all deposits into, borrowings
from, interest income from, and interest expense to such program. Cash
management programs include all
agreements in which funds in excess of
the daily needs of the public utility or
licensee along with the excess funds of
the public utility’s or licensee’s parent,
affiliated and subsidiary companies are
concentrated, consolidated, or otherwise made available for use by other
entities within the corporate group.
The written documentation must include the following information:
(1) For deposits with and withdrawals
from the cash management program:
the date of the deposit or withdrawal,
the amount of the deposit or withdrawal, and the maturity date, if any,
of the deposit;
(2) For borrowings from a cash management program: the date of the borrowing, the amount of the borrowing,
and the maturity date, if any, of the
borrowing;
(3) The security, if any, provided by
the cash management program for repayment of deposits into the cash management program and the security required, if any, by the cash management
program in support of borrowings from
the program; and
(4) The monthly balance of the cash
management program.
C. The public utility or licensee must
maintain current and up-to-date copies
of the documents authorizing the establishment of the cash management
program including the following:
(1) The duties and responsibilities of
the administrator and the public utilities or licensees in the cash management program;
(2) The restrictions on deposits or
borrowings by public utilities or licensees in the cash management program;
406
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Federal Energy Regulatory Commission
(3) The interest rate, including the
method used to determine the interest
earning rates and interest borrowing
rates for deposits into and borrowings
from the program; and
(4) The method used to allocate interest income and expenses among public
utilities or licensees in the program.
NOTE A: On the balance sheet, accounts receivable from an associated company may be
set off against accounts payable to the same
company.
NOTE B: The face amount of notes receivable discounted, sold or transferred without
releasing the utility from liability as endorser thereon, shall be credited to a separate subdivision of this account and appropriate disclosure shall be made in financial
statements of any contingent liability arising from such transactions.
ITEMS
Labor:
1. Procuring and handling of fuel.
2. All routine fuel analyses.
3. Unloading from shipping facility and
putting in storage.
4. Moving of fuel in storage and transferring from one station to another.
5. Handling from storage or shipping facility to first bunker, hopper, bucket, tank or
holder of boiler house structure.
6. Operation of mechanical equipment,
such as locomotives, trucks, cars, boats,
barges, cranes, etc.
Supplies and Expenses:
7. Tools, lubricants and other supplies.
8. Operating supplies for mechanical equipment.
9. Transportation and other expenses in
moving fuel.
10. Stores expenses applicable to fuel.
151 Fuel stock (Major only).
This account shall include the book
cost of fuel on hand.
153 Residuals (Major only).
This account shall include the book
cost of any residuals produced in production or manufacturing processes.
Items
154 Plant materials and operating supplies.
A. This account shall include the
cost of materials purchased primarily
for use in the utility business for construction, operation and maintenance
purposes. For Nonmajor utilities, this
account shall include the cost of fuel
on hand and unapplied materials and
supplies (except meters and house regulators). For both Major and Nonmajor
utilities, it shall include also the book
cost of materials recovered in connection with construction, maintenance or
the retirement of property, such materials being credited to construction,
maintenance or accumulated depreciation provision, respectively, and included herein as follows:
(1) Reusable materials consisting of
large individual items shall be included
in this account at original cost, estimated if not known. The cost of repairing such items shall be charged to the
maintenance account appropriate for
the previous use.
(2) Reusable materials consisting of
relatively small items, the identity of
which (from the date of original installation to the final abandonment or sale
thereof) cannot be ascertained without
undue refinement in accounting, shall
be included in this account at current
prices new for such items. The cost of
1. Invoice price of fuel less any cash or
other discounts.
2. Freight, switching, demurrage and other
transportation charges, not including, however, any charges for unloading from the
shipping medium.
3. Excise taxes, purchasing agents’ commissions, insurance and other expenses directly assignable to cost of fuel.
4. Operating, maintenance and depreciation expenses and ad valorem taxes on utility-owned transportation equipment used to
transport fuel from the point of acquisition
to the unloading point.
5. Lease or rental costs of transportation
equipment used to transport fuel from the
point of acquisition to the unloading point.
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Pt. 101
152 Fuel stock expenses undistributed
(Major only).
A. This account may include the cost
of labor and of supplies used and expenses incurred in unloading fuel from
the shipping medium and in the handling thereof prior to its use, if such
expenses are sufficiently significant in
amount to warrant being treated as a
part of the cost of fuel inventory rather than being charged direct to expense
as incurred.
B. Amounts included herein shall be
charged to expense as the fuel is used
to the end that the balance herein shall
not exceed the expenses attributable to
the inventory of fuel on hand.
407
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18 CFR Ch. I (4–1–12 Edition)
repairing such items shall be charged
to the appropriate expense account as
indicated by previous use.
(3) Scrap and nonusable materials included in this account shall be carried
at the estimated net amount realizable
therefrom. The difference between the
amounts realized for scrap and nonusable materials sold and the net
amount at which the materials were
carried in this account, as far as practicable, shall be adjusted to the accounts credited when the materials
were charged to this account.
B. Materials and supplies issued shall
be credited hereto and charged to the
appropriate construction, operating expense, or other account on the basis of
a unit price determined by the use of
cumulative average, first-in-first-out,
or such other method of inventory accounting as conforms with accepted accounting standards consistently applied.
C. For Nonmajor utilities, inventories of materials, supplies, fuel, etc.,
shall be taken at least annually and
the necessary adjustments shall be
made to bring this account into agreement with the actual inventories. In effecting the adjustments, large differences which can be assigned to important classes of materials shall be
equitably adjusted among the accounts
to which such classes of materials have
been charged since the previous inventory. Other differences shall be equitably apportioned among the accounts
to which materials have been charged.
ITEMS
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1. Invoice price of materials less cash or
other discounts.
2. Freight, switching or other transportation charges when practicable to include
as part of the cost of particular materials to
which they relate.
3. Customs duties and excise taxes.
4. Costs of inspection and special tests
prior to acceptance.
5. Insurance and other directly assignable
charges.
NOTE A: Where expenses applicable to materials purchased cannot be directly assigned
to particular purchases, they may be charged
to a stores expense clearing account (account 163, Stores Expense Undistributed, in
the case of Major utilities), and distributed
therefrom to the appropriate account.
NOTE B: When materials and supplies are
purchased for immediate use, they need not
be carried through this account but may be
charged directly to the appropriate utility
plant or expense account.
155 Merchandise (Major only).
This account shall include the book
cost of materials and supplies and appliances and equipment held primarily
for merchandising, jobbing and contract work. The principles prescribed
in accounting for utility materials and
supplies shall be observed in respect to
items carried in this account.
156
Other materials and supplies
(Major only).
This account shall include the book
cost of materials and supplies held primarily for nonutility purposes. The
principles prescribed in accounting for
utility materials and supplies shall be
observed in respect to items carried in
this account.
157 Nuclear materials held for sale
(Major only).
This account shall include the net
salvage value of uranium, plutonium
and other nuclear materials held by
the company for sale or other disposition and that are not to be reused by
the company in its electric utility operations. This account shall be debited
and account 120.5, Accumulated Provision for Amortization of Nuclear Fuel
Assemblies, credited for such net salvage value. Any difference between the
amount recorded in this account and
the actual amount realized from the
sale of materials shall be debited or
credited, as appropriate, to account
518, Nuclear Fuel Expense at the time
of such sale.
158.1 Allowance inventory.
A. This account shall include the
cost of allowances owned by the utility
and not withheld by the Environmental
Protection Agency. See General Instruction No. 21 and Account 158.2, Allowances Withheld.
B. This account shall be credited and
Account 509, Allowances, shall be debited concurrent with the monthly
emission of sulfur dioxide.
C. Separate subdivisions of this account shall be maintained so as to separately account for those allowances
usable in the current year and in each
408
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Federal Energy Regulatory Commission
subsequent
year.
The
underlying
records of these subdivisions shall be
maintained in sufficient detail so as to
identify each allowance included; the
origin of each allowance; and the acquisition cost, if any, of the allowance.
158.2 Allowances withheld.
A. This account shall include the
cost of allowances owned by the utility
but withheld by the Environmental
Protection Agency. (See General Instruction No. 21.)
B. The inventory cost of the allowances released by the Environmental
Protection Agency for use by the utility shall be transferred to Account
158.1, Allowance Inventory.
C. The underlying records of this account shall be maintained in sufficient
detail so as to identify each allowance
included; the origin of each allowance;
and the acquisition cost, if any, of the
allowances.
163
Stores
expense
(Major only).
undistributed
A. This account shall include the
cost of supervision, labor and expenses
incurred in the operation of general
storerooms, including purchasing, storage, handling and distribution of materials and supplies.
B. This account shall be cleared by
adding to the cost of materials and
supplies issued a suitable loading
charge which will distribute the expense equitably over stores issues. The
balance in the account at the close of
the year shall not exceed the amount
of stores expenses reasonably attributable to the inventory of materials
and supplies exclusive of fuel, as any
amount applicable to fuel costs should
be included in account 152, Fuel Stock
Expenses Undistributed.
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ITEMS
Labor:
1. Inspecting and testing materials and
supplies when not assignable to specific
items.
2. Unloading from shipping facility and
putting in storage.
3. Supervision of purchasing and stores department to extent assignable to materials
handled through stores.
4. Getting materials from stock and in
readiness to go out.
Pt. 101
5. Inventorying stock received or stock on
hand by stores employees but not including
inventories by general department employees as part of internal or general audits.
6. Purchasing department activities in
checking material needs, investigating
sources of supply, analyzing prices, preparing and placing orders, and related activities to extent applicable to materials handled through stores. (Optional. Purchasing
department expenses may be included in administrative and general expenses.)
7. Maintaining stores equipment.
8. Cleaning and tidying storerooms and
stores offices.
9. Keeping stock records, including recording and posting of material receipts and
issues and maintaining inventory record of
stock.
10. Collecting and handling scrap materials
in stores.
Supplies and expenses:
11. Adjustments of inventories of materials
and supplies but not including large differences which can readily be assigned to important classes of materials and equitably
distributed among the accounts to which
such classes of materials have been charged
since the previous inventory.
12. Cash and other discounts not practically assignable to specific materials.
13. Freight, express, etc., when not assignable to specific items.
14. Heat, light and power for storerooms
and store offices.
15. Brooms, brushes, sweeping compounds
and other supplies used in cleaning and
tidying storerooms and stores offices.
16. Injuries and damages.
17. Insurance on materials and supplies and
on stores equipment.
18. Losses due to breakage, leakage, evaporation, fire or other causes, less credits for
amounts received from insurance, transportation companies or others in compensation
of such losses.
19. Postage, printing, stationery and office
supplies.
20. Rent of storage space and facilities.
21. Communication service.
22. Excise and other similar taxes not assignable to specific materials.
23. Transportation expense on inward
movement of stores and on transfer between
storerooms but not including charges on materials recovered from retirements which
shall be accounted for as part of cost of removal.
NOTE: A physical inventory of each class of
materials and supplies shall be made at least
every two years.
165 Prepayments.
This account shall include amounts
representing prepayments of insurance,
409
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18 CFR Ch. I (4–1–12 Edition)
rents, taxes, interest and miscellaneous items, and shall be kept or supported in such manner as to disclose
the amount of each class of prepayment.
171 Interest and dividends receivable
(Major only).
This account shall include the
amount of interest on bonds, mortgages, notes, commercial paper, loans,
open accounts, deposits, etc., the payment of which is reasonably assured,
and the amount of dividends declared
or guaranteed on stocks owned.
NOTE A: Interest which is not subject to
current settlement shall not be included
herein but in the account in which is carried
the principal on which the interest is accrued.
NOTE B: Interest and dividends receivable
from associated companies shall be included
in account 146, Accounts receivable from associated companies.
172 Rents receivable (Major only).
This account shall include rents receivable or accrued on property rented
or leased by the utility to others.
NOTE: Rents receivable from associated
companies shall be included in account 146,
Accounts Receivable from Associated Companies.
173 Accrued utility revenues (Major
only).
At the option of the utility, the estimated amount accrued for service rendered, but not billed at the end of any
accounting period, may be included
herein. In case accruals are made for
unbilled revenues, they shall be made
likewise for unbilled expenses, such as
for the purchase of energy.
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174 Miscellaneous current and accrued
assets.
This account shall include the book
cost of all other current and accrued
assets, appropriately designated and
supported so as to show the nature of
each asset included herein.
175 Derivative instrument assets.
This account shall include the
amounts paid for derivative instruments, and the change in the fair value
of all derivative instrument assets not
designated as cash flow or fair value
hedges. Account 421, miscellaneous
nonoperating income, shall be credited
or debited, as appropriate, with the
corresponding amount of the change in
the fair value of the derivative instrument.
176
Derivative
Hedges.
instrument
A. This account shall include the
amounts paid for derivative instruments, and the change in the fair value
of derivative instrument assets designated by the utility as cash flow or
fair value hedges.
B. When a utility designates a derivative instrument asset as a cash flow
hedge it will record the change in the
fair value of the derivative instrument
in this account with a concurrent
charge to account 219, accumulated
other comprehensive income, with the
effective portion of the gain or loss.
The ineffective portion of the cash flow
hedge shall be charged to the same income or expense account that will be
used when the hedged item enters into
the determination of net income.
C. When a utility designates a derivative instrument as a fair value hedge it
shall record the change in the fair
value of the derivative instrument in
this account with a concurrent charge
to a subaccount of the asset or liability
that carries the item being hedged. The
ineffective portion of the fair value
hedge shall be charged to the same income or expense account that will be
used when the hedged item enters into
the determination of net income.
181 Unamortized debt expense.
This account shall include expenses
related to the issuance or assumption
of debt securities. Amounts recorded in
this account shall be amortized over
the life of each respective issue under a
plan which will distribute the amount
equitably over the life of the security.
The amortization shall be on a monthly basis, and the amounts thereof shall
be charged to account 428, Amortization of Debt Discount and Expense.
Any unamortized amounts outstanding
at the time that the related debt is prematurely reacquired shall be accounted
for as indicated in General Instruction
17.
410
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Federal Energy Regulatory Commission
182.1 Extraordinary property losses.
A. When authorized or directed by
the Commission, this account shall include extraordinary losses, which could
not reasonably have been anticipated
and which are not covered by insurance
or other provisions, such as unforeseen
damages to property.
B. Application to the Commission for
permission to use this account shall be
accompanied by a statement giving a
complete explanation with respect to
the items which it is proposed to include herein, the period over which,
and the accounts to which it is proposed to write off the charges, and
other pertinent information.
erowe on DSK2VPTVN1PROD with CFR
182.2 Unrecovered plant and regulatory
study costs.
A. This account shall include: (1)
Nonrecurring costs of studies and analyses mandated by regulatory bodies related to plants in service, transferred
from account 183, Preliminary Survey
and Investigation Charges, and not resulting in construction; and (2) when
authorized by the Commission, significant unrecovered costs of plant facilities where construction has been cancelled or which have been prematurely
retired.
B. This account shall be credited and
account 407, Amortization of Property
Losses, Unrecovered Plant and Regulatory Study Costs, shall be debited
over the period specified by the Commission.
C. Any additional costs incurred, relative to the cancellation or premature
retirement, may be included in this account and amortized over the remaining period of the original amortization
period. Should any gains or recoveries
be realized relative to the cancelled or
prematurely
retired
plant,
such
amounts shall be used to reduce the
unamortized amount of the costs recorded herein.
D. In the event that the recovery of
costs included herein is disallowed in
the rate proceedings, the disallowed
costs shall be charged to account 426.5,
Other Deductions, or account 435, Extraordinary Deductions, in the year of
such disallowance.
Pt. 101
182.3 Other regulatory assets.
A. This account shall include the
amounts of regulatory-created assets,
not includible in other accounts, resulting from the ratemaking actions of
regulatory agencies. (See Definition No.
30.)
B. The amounts included in this account are to be established by those
charges which would have been included in net income, or accumulated
other comprehensive income, determinations in the current period under
the general requirements of the Uniform System of Accounts but for it
being probable that such items will be
included in a different period(s) for
purposes of developing rates that the
utility is authorized to charge for its
utility services. When specific identification of the particular source of a
regulatory asset cannot be made, such
as in plant phase-ins, rate moderation
plans, or rate levelization plans, account 407.4, regulatory credits, shall be
credited. The amounts recorded in this
account are generally to be charged,
concurrently with the recovery of the
amounts in rates, to the same account
that would have been charged if included in income when incurred, except
all
regulatory
assets
established
through the use of account 407.4 shall
be charged to account 407.3, regulatory
debits, concurrent with the recovery in
rates.
C. If rate recovery of all or part of an
amount included in this account is disallowed, the disallowed amount shall
be charged to Account 426.5, Other Deductions, or Account 435, Extraordinary Deductions, in the year of the
disallowance.
D. The records supporting the entries
to this account shall be kept so that
the utility can furnish full information
as to the nature and amount of each
regulatory asset included in this account, including justification for inclusion of such amounts in this account.
183 Preliminary survey and investigation charges (Major only).
A. This account shall be charged with
all expenditures for preliminary surveys, plans, investigations, etc., made
for the purpose of determining the feasibility of utility projects under contemplation. If construction results,
411
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
this account shall be credited and the
appropriate utility plant account
charged. If the work is abandoned, the
charge shall be made to account 426.5,
Other Deductions, or to the appropriate operating expense account.
B. This account shall also include
costs of studies and analyses mandated
by regulatory bodies related to plant in
service. If construction results from
such studies, this account shall be
credited and the appropriate utility
plant account charged with an equitable portion of such study costs directly attributable to new construction. The portion of such study costs
not attributable to new construction or
the entire cost if construction does not
result shall be charged to account 182.2,
Unrecovered Plant and Regulatory
Costs, or the appropriate operating expense account. The costs of such studies relative to plant under construction
shall be included directly in account
107, Construction Work in ProgressElectric.
C. The records supporting the entries
to this account shall be so kept that
the utility can furnish complete information as to the nature and the purpose of the survey, plans, or investigations and the nature and amounts of
the several charges.
NOTE: The amount of preliminary survey
and investigation charges transferred to utility plant shall not exceed the expenditures
which may reasonably be determined to contribute directly and immediately and without duplication to utility plant.
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184 Clearing accounts (Major only).
This caption shall include undistributed balances in clearing accounts at
the date of the balance sheet. Balances
in clearing accounts shall be substantially cleared not later than the end of
the calendar year unless items held
therein relate to a future period.
185 Temporary facilities (Major only).
This account shall include amounts
shown by work orders for plant installed for temporary use in utility
service for periods of less than one
year. Such work orders shall be
charged with the cost of temporary facilities and credited with payments received from customers and net salvage
realized on removal of the temporary
facilities. Any net credit or debit resulting shall be cleared to account 451,
Miscellaneous Service Revenues.
186 Miscellaneous deferred debits.
A. For Major utilities, this account
shall include all debits not elsewhere
provided for, such as miscellaneous
work in progress, and unusual or extraordinary expenses, not included in
other accounts, which are in process of
amortization and items the proper
final disposition of which is uncertain.
B. For Nonmajor utilities, this account shall include the following classes of items:
(1) Expenditures for preliminary surveys, plans, investigations, etc., made
for the purpose of determining the feasibility of utility projects under contemplation. If construction results,
this account shall be credited with the
amount applicable thereto and the appropriate plant accounts shall be
charged with an amount which does
not exceed the expenditures which may
reasonably be determined to contribute
directly and immediately and without
duplication to plant. If the work is
abandoned, the charge shall be to account 426.5, Other Deductions, or to the
appropriate operating expense accounts.
(2) Undistributed balances in clearing
accounts at the date of the balance
sheet. Balances in clearing accounts
shall be substantially cleared not later
than the end of the calendar year unless items held therein related to a future period.
(3) Balances representing expenditures for work in progress other than
on utility plant. This includes jobbing
and contract work in progress.
(4) Other debit balances, the proper
final disposition of which is uncertain
and unusual or extraordinary expenses
not included in other accounts, which
are in process of being written off.
C. For both Major and Nonmajor utilities, the records supporting the entries to this account shall be so kept
that the utility can furnish full information as to each deferred debit included herein.
412
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Federal Energy Regulatory Commission
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187 Deferred losses from disposition of
utility plant.
This account shall include losses
from the sale or other disposition of
property previously recorded in account 105, Electric Plant held for Future Use, under the provisions of paragraphs B, C, and D thereof, where such
losses are significant and are to be amortized over a period of 5 years, unless
otherwise authorized by the Commission. The amortization of the amounts
in this account shall be made by debits
to account 411.7, Losses from Disposition of Utility Plant. (See account 105,
Electric Plant Held for Future Use.)
188 Research, development and demonstration
expenditures
(Major
only).
A. This account shall be charged with
the cost of all expenditures coming
within the meaning of Research, Development and Demonstration (RD & D) of
this uniform system of accounts (see
definition 27.B.), except those expenditures properly chargeable to account
107, Construction Work in Progress—
Electric.
B. Costs that are minor or of a general or recurring nature shall be transferred from this account to the appropriate operating expense function or if
such costs are common to the overall
operations or cannot be feasibly allocated to the various operating accounts, then such costs shall be recorded in account 930.2, Miscellaneous
General Expenses.
C. In certain instances a company
may incur large and significant research, development, and demonstration expenditures which are nonrecurring and which would distort the
annual research, development, and
demonstration charges for the period.
In such a case the portion of such
amounts that cause the distortion may
be amortized to the appropriate operating expense account over a period
not to exceed 5 years unless otherwise
authorized by the Commission.
D. The entries in this account must
be so maintained as to show separately
each project along with complete detail of the nature and purpose of the research, development, and demonstration project together with the related
costs.
Pt. 101
189 Unamortized loss on reacquired
debt.
This account shall include the losses
on long-term debt reacquired or redeemed. The amounts in this account
shall be amortized in accordance with
General Instruction 17.
190
Accumulated deferred income
taxes.
A. This account shall be debited and
account 411.1, Provision for Deferred
Income Taxes—Credit, Utility Operating Income, or account 411.2, Provision for Deferred Income Taxes—Credit, Other Income and Deductions, as appropriate, shall be credited with an
amount equal to that by which income
taxes payable for the year are higher
because of the inclusion of certain
items in income for tax purposes,
which items for general accounting
purposes will not be fully reflected in
the utility’s determination of annual
net income until subsequent years.
B. This account shall be credited and
account 410.1, Provision for Deferred
Income Taxes, Utility Operating Income, or account 410.2, Provision for
Deferred Income Taxes, Other Income
and Deductions, as appropriate, shall
be debited with an amount equal to
that by which income taxes payable for
the year are lower because of prior payment of taxes as provided by paragraph
A above, because of difference in timing for tax purposes of particular items
of income or income deductions from
that recognized by the utility for general accounting purposes. Such credit
to this account and debit to account
410.1 or 410.2 shall, in general, represent
the effect on taxes payable in the current year of the smaller amount of
book income recognized for tax purposes as compared to the amount recognized in the utility’s current accounts with respect to the item or
class of items for which deferred tax
accounting by the utility was authorized by the Commission.
C. Vintage year records with respect
to entries to this account, as described
above, and the account balance, shall
be so maintained as to show the factor
of calculation with respect to each annual amount of the item or class of
items for which deferred tax accounting by the utility is utilized.
413
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
D. The utility is restricted in its use
of this account to the purpose set forth
above. It shall not make use of the balance in this account or any portion
thereof except as provided in the text
of this account, without prior approval
of the Commission. Any remaining deferred tax account balance with respect
to an amount for any prior year’s tax
deferral, the amortization of which or
other recognition in the utility’s income accounts has been completed, or
other disposition made, shall be debited to account 410.1, Provision for Deferred Income Taxes, Utility Operating
Income, or account 410.2, Provision for
Deferred Income Taxes, Other Income
and Deductions, as appropriate, or otherwise disposed of as the Commission
may authorize or direct. (See General
Instruction 18.)
201 Common stock issued.
202 Common stock subscribed (Major
only).
203 Common stock liability for conversion (Major only).
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204 Preferred stock issued.
A. These accounts shall include the
par value or the stated value of stock
without par value if such stock has a
stated value, and, if not, the cash value
of the consideration received for such
nonpar stock, of each class of capital
stock actually issued, including the par
or stated value of such capital stock in
account 124, Other Investments, and
account 217, Reacquired Capital Stock.
B. When the actual cash value of the
consideration received is more or less
than the par or stated value of any
stock having a par or stated value, the
difference shall be credited or debited,
as the case may be, to the premium or
discount account for the particular
class and series.
C. When capital stock is retired,
these accounts shall be charged with
the amount at which such stock is carried herein.
D. A separate ledger account, with a
descriptive title, shall be maintained
for each class and series of stock. The
supporting records shall show the
shares nominally issued, actually
issued, and nominally outstanding.
NOTE: When a levy or assessment, except a
call for payment on subscriptions, is made
against holders of capital stock, the amount
collected upon such levy or assessment shall
be credited to account 207, Premium on Capital Stock (for Nonmajor utilities, account
211, Miscellaneous Paid-In Capital), provided,
however, that the credit shall be made to account 213, Discount on Capital Stock, to the
extent of any remaining balance of discount
on the issue of stock.
205 Preferred stock subscribed (Major
only).
A. These accounts shall include the
amount of legally enforceable subscriptions to capital stock of the utility.
They shall be credited with the par or
stated value of the stock subscribed,
exclusive of accrued dividends, if any.
Concurrently, a debit shall be made to
subscriptions to capital stock, included
as a separate subdivision of account
143, Other Accounts Receivable, for the
agreed price, and any discount or premium shall be debited or credited to
the appropriate discount or premium
account. When properly executed stock
certificates have been issued representing the shares subscribed, this
account shall be debited, and the appropriate capital stock account credited, with the par or stated value of
such stock.
B. The records shall be kept in such
manner as to show the amount of subscriptions to each class and series of
stock.
206 Preferred stock liability for conversion (Major only).
A. These accounts shall include the
par value or stated value, as appropriate, of capital stock which the utility has agreed to exchange for outstanding securities of other companies
in connection with the acquisition of
properties of such companies under
terms which allow the holders of the
securities of the other companies to
surrender such securities and receive in
return therefor capital stock of the accounting utility.
B. When the securities of the other
companies have been surrendered and
capital stock issued in accordance with
the terms of the exchange, these accounts shall be charged and accounts
414
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Federal Energy Regulatory Commission
201, Common Stock Issued, or 204, Preferred Stock Issued, as the case may
be, shall be credited.
C. The records shall be kept so as to
show separately the stocks of each
class and series for which a conversion
liability exists.
207 Premium on capital stock (Major
only).
A. This account shall include, in a
separate subdivision for each class and
series of stock, the excess of the actual
cash value of the consideration received on original issues of capital
stock over the par or stated value and
accrued dividends of such stock, together with assessments against stockholders representing payments required in excess of par or stated values.
B. Premium on capital stock shall
not be set off against expenses. Further, a premium received on an issue of
a certain class or series of stock shall
not be set off against expenses of another issue of the same class or series.
C. When capital stock which has been
actually issued is retired, the amount
in this account applicable to the shares
retired shall be transferred to account
210, Gain on Resale or Cancellation of
Reacquired Capital Stock.
208 Donations received from stockholders (Major only).
This account shall include the balance of credits for donations received
from stockholders consisting of capital
stock of the utility, cancellation or reduction of debt of the utility, and the
cash value of other assets received as a
donation.
209 Reduction in par or stated value of
capital stock (Major only).
This account shall include the balance of credits arising from a reduction
in the par or stated value of capital
stock.
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210 Gain on resale or cancellation of reacquired capital stock (Major only).
This account shall include the balance of credits arising from the resale
or cancellation of reacquired capital
stock. (See account 217. Reacquired
Capital Stock.)
Pt. 101
211 Miscellaneous paid-in capital.
This account shall include the balance of all other credits for paid-in
capital which are not properly includible in the foregoing accounts. This account may include all commissions and
expenses incurred in connection with
the issuance of capital stock. (In the
case of Nonmajor companies, this account shall be kept so as to show the
source of the credits includible herein.)
ITEMS (NONMAJOR ONLY)
1. Premium received on original issues of
capital stock.
2. Donations received from stockholders or
reduction of debt of the utility, and the cash
value of other assets received as a donation.
3. Reduction in part or stated value of capital stock.
4. Gain on resale or cancellation of reacquired capital stock.
NOTE A: (Major utilities) Amounts included in capital surplus at the effective
date of this system of accounts which cannot
be classified as to the source thereof shall be
included in this account.
NOTE B: (Nonmajor utilities) Premium on
capital stock shall not be set off against expenses. Further, a premium received on an
issue of a certain class or series of stock
shall not be set off against expense of another issue of the same class or series.
212 Installments received on capital
stock.
A. This account shall include in a
separate subdivision for each class and
series of capital stock the amount of
installments received on capital stock
on a partial or installment payment
plan from subscribers who are not
bound by legally enforceable subscription contracts.
B. As subscriptions are paid in full
and certificates issued, this account
shall be charged and the appropriate
capital stock account credited with the
par or stated value of such stock. Any
discount or premium on an original
issue shall be included in the appropriate discount or premium account.
213 Discount on capital stock.
A. This account shall include in a
separate subdivision for each class and
series of capital stock all discount on
the original issuance and sale of capital stock, including additional capital
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stock of a particular class or series as
well as first issues.
B. When capital stock which has been
actually issued is retired, the amount
in this account applicable to the shares
retired shall be written off to account
210, Gain on Resale or Cancellation of
Reacquired Capital Stock, provided,
however, that the amount shall be
charged to account 439, Adjustments to
Retained Earnings, to the extent that
it exceeds the balance in account 210.
214 Capital stock expense.
A. This account shall include in a
separate subdivision for each class and
series of stock all commissions and expenses incurred in connection with the
original issuance and sale of capital
stock, including additional capital
stock of a particular class or series as
well as first issues. Expenses applicable
to capital stock shall not be deducted
from premium on capital stock.
B. When capital stock which has been
actually issued by the utility is retired
the amount in this account, applicable
to the shares retired shall be written
off to account 210, Gain on Resale or
Cancellation of Reacquired Capital
Stock, provided, however, that the
amount shall be charged to account
439, Adjustments to Retained Earnings,
to the extent that it exceeds the balance in account 210.
NOTE A: Expenses in connection with the
reacquisition or resale of the utility’s capital stock shall not be included herein.
NOTE B: The utility may write off capital
stock expense in whole or in part by charges
to account 211, Miscellaneous Paid-in Capital.
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215 Appropriated retained earnings.
This account shall include the
amount of retained earnings which has
been appropriated or set aside for specific purposes. Separate subaccounts
shall be maintained under such titles
as will designate the purpose for which
each appropriation was made.
215.1 Appropriated retained earnings—
Amortization reserve, Federal.
A. This account shall be credited
with such amounts as are appropriated
by a licensee from account 216, Unappropriated Retained Earnings, for amortization reserve purposes in accord-
ance with the requirements of a hydroelectric project license.
B. This account shall be debited with
only such items or amounts as the
Commission may require or approve.
(See account 127, Amortization Fund—
Federal.)
216 Unappropriated retained earnings.
This account shall include the balances, either debit or credit, of unappropriated retained earnings arising
from earnings of the utility. This account shall not include any amounts
representing the undistributed earnings of subsidiary companies.
216.1 Unappropriated undistributed
subsidiary earnings (Major only).
This account shall include the balances, either debit or credit, of undistributed retained earnings of subsidiary companies since their acquisition. When dividends are received from
subsidiary
companies
relating
to
amounts included in this account, this
account shall be debited and account
216, ‘‘Unappropriated Retained Earnings,’’ credited.
217 Reacquired capital stock.
A. This account shall include in a
separate subdivision for each class and
series of capital stock, the cost of capital stock actually issued by the utility
and reacquired by it and not retired or
canceled, except, however, stock which
is held by trustees in sinking or other
funds.
B. When reacquired capital stock is
retired or canceled, the difference between its cost, including commissions
and expenses paid in connection with
the reacquisition, and its par or stated
value plus any premium and less any
discount and expenses applicable to the
shares retired, shall be debited or credited, as appropriate, to account 210,
Gain on Resale or Cancellation of Reacquired Capital Stock, provided, however, that debits shall be charged to account 439, Adjustments to Retained
Earnings, to the extent that they exceed the balance in account 210.
C. When reacquired capital stock is
resold by the utility, the difference between the amount received on the resale of the stock, less expenses incurred in the resale, and the cost of the
416
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Federal Energy Regulatory Commission
stock included in this account shall be
accounted for as outlined in paragraph
B.
NOTE A: See account 124. Other Investments, for permissive accounting treatment
of stock reacquired under a definite plan for
resale.
NOTE B: The accounting for reacquired
stock shall be as prescribed herein unless
otherwise specifically required by statute.
218
Noncorporate
(Nonmajor only).
proprietorship
This account shall include the investment in an unincorporated utility by
the proprietor thereof, and shall be
charged with all withdrawals from the
business by its proprietor. At the end
of each calendar year the net income
for the year, as developed in the income account, shall be transferred to
this account. (See optional accounting
procedure provided in Note C, hereunder.)
NOTE A: Amounts payable to the proprietor
as just and reasonable compensation for
services performed shall not be charged to
this account but to appropriate operating expense or other accounts.
NOTE B: When the utility is owned by a
partnership, a separate account shall be kept
to show the net equity of each member
therein and the transactions affecting the interest of each such partner.
NOTE C: This account may be restricted to
the amount considered by the proprietor to
be the permanent investment in the business, subject to change only by additional investment by the proprietor or the withdrawal of portions thereof not representing
net income. When this option is taken, the
retained earnings accounts shall be maintained and entries thereto shall be made in
accordance with the texts thereof.
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219 Accumulated other comprehensive
income.
A. This account shall include revenues, expenses, gains, and losses that
are properly includable in other comprehensive income during the period.
Examples of other comprehensive income include foreign currency items,
minimum pension liability adjustments, unrealized gains and losses on
certain investments in debt and equity
securities, and cash flow hedges.
Records supporting the entries to this
account shall be maintained so that
the utility can furnish the amount of
Pt. 101
other comprehensive income for each
item included in this account.
B. This account shall also be debited
or credited, as appropriate, with
amounts of accumulated other comprehensive income that have been included in the determination of net income during the period and in accumulated other comprehensive income in
prior periods. Separate records for each
category of items shall be maintained
to identify the amount of the reclassification adjustments from accumulated
other comprehensive income to earnings made during the period.
221 Bonds.
This account shall include in a separate subdivision for each class and series of bonds the face value of the actually issued and unmatured bonds which
have not been retired or canceled; also
the face value of such bonds issued by
others the payment of which has been
assumed by the utility.
222 Reacquired bonds (Major only).
A. This account shall include the face
value of bonds actually issued or assumed by the utility and reacquired by
it and not retired or canceled. The account for reacquired debt shall not include securities which are held by
trustees in sinking or other funds.
B. When bonds are reacquired, the
difference between face value, adjusted
for unamortized discount, expenses or
premium, and the amount paid upon
reacquisition, shall be included in account 189, Unamortized Loss on Reacquired
Debt,
or
account
257,
Unamortized Gain on Reacquired Debt,
as appropriate. (See General Instruction 17.)
223 Advances from associated companies.
A. This account shall include the face
value of notes payable to associated
companies and the amount of open
book accounts representing advances
from associated companies. It does not
include notes and open accounts representing indebtedness subject to current settlement which are includible in
account 233. Notes Payable to Associated Companies, or account 234, Accounts Payable to Associated Companies.
417
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18 CFR Ch. I (4–1–12 Edition)
B. The records supporting the entries
to this account shall be so kept that
the utility can furnish complete information concerning each note and open
account.
224 Other long-term debt.
A. This account shall include, until
maturity all long-term debt not otherwise provided for. This covers such
items as receivers’ certificates, real estate mortgages executed or assumed,
assessments for public improvements,
notes and unsecured certificates of indebtedness not owned by associated
companies, receipts outstanding for
long-term debt, and other obligations
maturing more than one year from
date of issue or assumption.
B. Separate accounts shall be maintained for each class of obligation, and
records shall be maintained to show for
each class all details as to date of obligation, date of maturity, interest dates
and rates, security for the obligation,
etc.
NOTE: Miscellaneous long-term debt reacquired shall be accounted for in accordance
with the procedure set forth in account 222.
Reacquired Bonds.
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225 Unamortized premium on long-term
debt.
A. This account shall include the excess of the cash value of consideration
received over the face value upon the
issuance or assumption of long-term
debt securities.
B. Amounts recorded in this account
shall be amortized over the life of each
respective issue under a plan which
will distribute the amount equitably
over the life of the security. The amortization shall be on a monthly basis,
with the amounts thereof to be credited to account 429, Amortization of
Premium on Debt—Credit. (See General Instruction 17.)
226 Unamortized discount on long-term
debt—Debit.
A. This account shall include the excess of the face value of long-term debt
securities over the cash value of consideration received therefor, related to
the issue or assumption of all types
and classes of debt.
B. Amounts recorded in this account
shall be amortized over the life of the
respective issues under a plan which
will distribute the amount equitably
over the life of the securities. The amortization shall be on a monthly basis,
with the amounts thereof charged to
account 428, Amortization of Debt Discount and Expense. (See General Instruction 17.)
Special Instructions for Current and Accrued Liabilities. Current and accrued liabilities are those obligations which
have either matured or which become
due within one year from the date
thereof: except, however, bonds, receivers’ certificates and similar obligations
which shall be classified as long-term
debt until date of maturity; accrued
taxes, such as income taxes, which
shall be classified as accrued liabilities
even though payable more than one
year from date; compensation awards,
which shall be classified as current liabilities regardless of date due; and
minor amounts payable in installments
which may be classified as current liabilities. If a liability is due more than
one year from date of issuance or assumption by the utility, it shall be
credited to a long-term debt account
appropriate for the transaction, except,
however, the current liabilities previously mentioned.
227 Obligations under capital lease—
noncurrent.
This account shall include the portion not due within one year, of the obligations recorded for the amounts applicable to leased property recorded as
assets in account 101.1, Property under
Capital Leases, account 120.6, Nuclear
Fuel under Capital Leases, or account
121, Nonutility Property.
SPECIAL INSTRUCTIONS TO ACCOUNTS
228.1 THROUGH 228.4
No amounts shall be credited to these
accounts unless authorized by a regulatory authority or authorities to be
collected in a utility’s rate levels.
228.1 Accumulated provision for property insurance.
A. This account shall include
amounts reserved by the utility for
losses through accident, fire, flood, or
other hazards to its own property or
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Federal Energy Regulatory Commission
property leased from others, not covered by insurance. The amounts
charged to account 924, Property Insurance, or other appropriate accounts to
cover such risks shall be credited to
this account. A schedule of risks covered shall be maintained, giving a description of the property involved, the
character of the risks covered and the
rates used.
B. Charges shall be made to this account for losses covered, not to exceed
the account balance. Details of these
charges shall be maintained according
to the year the casualty occurred
which gave rise to the loss.
228.2 Accumulated provision for injuries and damages.
A. This account shall be credited
with amounts charged to account 925,
Injuries and Damages, or other appropriate accounts, to meet the probable
liability, not covered by insurance, for
deaths or injuries to employees and
others and for damages to property neither owned nor held under lease by the
utility.
B. When liability for any injury or
damage is admitted by the utility either voluntarily or because of the decision of a court or other lawful authority, such as a workmen’s compensation
board, the admitted liability shall be
charged to this account and credited to
the appropriate current liability account. Details of these charges shall be
maintained according to the year the
casualty occurred which gave rise to
the loss.
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NOTE: Recoveries or reimbursements for
losses charged to this account shall be credited hereto; the cost of repairs to property of
others if provided for herein shall be charged
to this account.
228.3 Accumulated provision for pensions and benefits.
A. This account shall include provisions made by the utility and amounts
contributed by employees for pensions,
accident and death benefits, savings,
relief, hospital and other provident
purposes, where the funds are included
in the assets of the utility either in
general or in segregated fund accounts.
B. Amounts paid by the utility for
the purposes for which this liability is
established shall be charged hereto.
Pt. 101
C. A separate account shall be kept
for each kind of provision included
herein.
NOTE: If employee pension or benefit plan
funds are not included among the assets of
the utility but are held by outside trustees,
payments into such funds, or accruals therefor, shall not be included in this account.
228.4 Accumulated miscellaneous operating provisions.
A. This account shall include all operating provisions which are not provided for elsewhere.
B. This account shall be maintained
in such manner as to show the amount
of each separate provision and the nature and amounts of the debits and
credits thereto.
NOTE: This account includes only provisions as may be created for operating purposes and does not include any reservations
of income the credits for which should be
carried in account 215, Appropriated Retained Earnings.
229 Accumulated provision for rate refunds.
A. This account shall be credited
with amounts charged to Account 449.1,
Provisions for Rate Refunds, to provide
for estimated refunds where the utility
is collecting amounts in rates subject
to refund.
B. When refund of any amount recorded in this account is ordered by a
regulatory authority, such amount
shall be changed hereto and credited to
account 242, Miscellaneous Current and
Accrued Liabilities.
C. Records supporting the entries to
this account shall be kept so as to
identify each amount recorded by the
respective rate filing docket number.
230
Asset retirement obligations.
A. This account shall include the
amount of liabilities for the recognition of asset retirement obligations related to electric utility plant and nonutility plant that gives rise to the obligations. This account shall be credited
for the amount of the liabilities for
asset retirement obligations with
amounts charged to the appropriate
electric utility plant accounts or nonutility plant account to record the related asset retirement costs.
419
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B. The utility shall charge the accretion expense to account 411.10, Accretion expense, for electric utility plant,
account 413, Expenses of electric plant
leased to others, for electric plant
leased to others, or account 421, Miscellaneous nonoperating income, for
nonutility plant, as appropriate, and
credit account 230, Asset retirement
obligations.
C. This account shall be debited with
amounts paid to settle the asset retirement obligations recorded herein.
D. The utility shall clear from this
account any gains or losses resulting
from the settlement of asset retirement obligations in accordance with
the instructions prescribed in General
Instruction 25.
231 Notes payable.
This account shall include the face
value of all notes, drafts, acceptances,
or other similar evidences of indebtedness, payable on demand or within a
time not exceeding one year from date
of issue, to other than associated companies.
232 Accounts payable.
This account shall include all
amounts payable by the utility within
one year, which are not provided for in
other accounts.
233 Notes payable to associated companies.
234 Accounts payable to associated
companies.
These
accounts
shall
include
amounts owing to associated companies on notes, drafts, acceptances, or
other similar evidences of indebtedness, and open accounts payable on demand or not more than one year from
date of issue or creation.
NOTE: Exclude from these accounts notes
and accounts which are includible in account
223, Advances from Associated Companies.
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235 Customer deposits.
This account shall include all
amounts deposited with the utility by
customers as security for the payment
of bills.
236 Taxes accrued.
A. This account shall be credited
with the amount of taxes accrued during
the
accounting
period,
corresponding debits being made to the
appropriate accounts for tax charges.
Such credits may be based upon estimates, but from time to time during
the year as the facts become known,
the amount of the periodic credits shall
be adjusted so as to include as nearly
as can be determined in each year the
taxes applicable thereto. Any amount
representing a prepayment of taxes applicable to the period subsequent to the
date of the balance sheet, shall be
shown under account 165, Prepayments.
B. If accruals for taxes are found to
be insufficient or excessive, correction
therefor shall be made through current
tax accruals.
C. Accruals for taxes shall be based
upon the net amounts payable after
credit for any discounts, and shall not
include any amounts for interest on
tax deficiencies or refunds. Interest received on refunds shall be credited to
account 419, Interest and Dividend Income, and interest paid on deficiencies
shall be charged to account 431, Other
Interest Expense.
D. The records supporting the entries
to this account shall be kept so as to
show for each class of taxes, the
amount accrued, the basis for the accrual, the accounts to which charged,
and the amount of tax paid.
237 Interest accrued.
This account shall include the
amount of interest accrued but not matured on all liabilities of the utility
not including, however, interest which
is added to the principal of the debt on
which incurred. Supporting records
shall be maintained so as to show the
amount of interest accrued on each obligation.
238 Dividends declared (Major only).
This account shall include the
amount of dividends which have been
declared but not paid. Dividends shall
be credited to this account when they
become a liability.
420
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Federal Energy Regulatory Commission
239 Matured long-term debt (Major
only).
This account shall include the
amount of long-term debt (including
any obligation for premiums) matured
and unpaid, without specific agreement
for extension of the time of payment
and bonds called for redemption but
not presented.
240 Matured interest (Major only).
This account shall include the
amount of matured interest on longterm debt or other obligations of the
utility at the date of the balance sheet
unless such interest is added to the
principal of the debt on which incurred.
241
Tax collections
only).
payable
(Major
This account shall include the
amount of taxes collected by the utility through payroll deductions or otherwise pending transmittal of such
taxes to the proper taxing authority.
NOTE: Do not include liability for taxes assessed directly against the utility which are
accounted for as part of the utility’s own tax
expense.
242 Miscellaneous current and accrued
liabilities.
This account shall include the
amount of all other current and accrued liabilities not provided for elsewhere appropriately designated and
supported so as to show the nature of
each liability.
ITEMS (NONMAJOR ONLY)
1. Dividends declared but not paid.
2. Matured long-term debt.
3. Matured interest.
4. Taxes collected through payroll deductions or otherwise pending transmittal to
the proper taxing authority.
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243 Obligations under capital leases—
current.
This account shall include the portion, due within one year, of the obligations recorded for the amounts applicable to leased property recorded as assets in account 101.1, Property under
Capital Leases, account 120.6, Nuclear
Fuel under Capital Leases (Major
only), or account 121, Nonutility Property.
Pt. 101
244 Derivative instrument liabilities.
This account shall include the
change in the fair value of all derivative instrument liabilities not designated as cash flow or fair value
hedges. Account 426, other deductions,
shall be debited or credited as appropriate with the corresponding amount
of the change in the fair value of the
derivative instrument.
245 Derivative instrument liabilitiesHedges.
A. This account shall include the
change in the fair value of derivative
instrument liabilities designated by
the utility as cash flow or fair value
hedges.
B. A utility shall record the change
in the fair value of a derivative instrument liability related to a cash flow
hedge in this account, with a concurrent charge to account 219, accumulated other comprehensive income,
with the effective portion of the derivative’s gain or loss. The ineffective
portion of the cash flow hedge shall be
charged to the same income or expense
account that will be used when the
hedged item enters into the determination of net income.
C. A utility shall record the change
in the fair value of a derivative instrument liability related to a fair value
hedge in this account, with a concurrent charge to a subaccount of the
asset or liability that carries the item
being hedged. The ineffective portion
of the fair value hedge shall be charged
to the same income or expense account
that will be used when the hedged item
enters into the determination of net income.
251 [Reserved]
252 Customer advances for construction.
This account shall include advances
by customers for construction which
are to be refunded either wholly or in
part. When a customer is refunded the
entire amount to which he is entitled,
according to the agreement or rule
under which the advance was made, the
balance, if any, remaining in this account shall be credited to the respective plant account.
421
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253 Other deferred credits.
This account shall include advance
billings and receipts and other deferred
credit items, not provided for elsewhere, including amounts which cannot be entirely cleared or disposed of
until additional information has been
received.
254 Other regulatory liabilities.
A. This account shall include the
amounts of regulatory liabilities, not
includible in other accounts, imposed
on the utility by the ratemaking actions of regulatory agencies. (See Definition No. 30.)
B. The amounts included in this account are to be established by those
credits which would have been included
in net income, or accumulated other
comprehensive income, determinations
in the current period under the general
requirements of the Uniform System of
Accounts but for it being probable
that: Such items will be included in a
different period(s) for purposes of developing the rates that the utility is
authorized to charge for its utility
services; or refunds to customers, not
provided for in other accounts, will be
required. When specific identification
of the particular source of the regulatory liability cannot be made or
when the liability arises from revenues
collected pursuant to tariffs on file at
a regulatory agency, account 407.3, regulatory debits, shall be debited. The
amounts recorded in this account generally are to be credited to the same
account that would have been credited
if included in income when earned except: All regulatory liabilities established through the use of account 407.3
shall be credited to account 407.4, regulatory credits; and in the case of refunds, a cash account or other appropriate account should be credited when
the obligation is satisfied.
C. If it is later determined that the
amounts recorded in this account will
not be returned to customers through
rates or refunds, such amounts shall be
credited to Account 421, Miscellaneous
Nonoperating Income, or Account 434,
Extraordinary Income, as appropriate,
in the year such determination is
made.
D. The records supporting the entries
to this account shall be so kept that
the utility can furnish full information
as to the nature and amount of each
regulatory liability included in this account, including justification for inclusion of such amounts in this account.
255 Accumulated deferred investment
tax credits.
A. This account shall be credited
with all investment tax credits deferred by companies which have elected
to follow deferral accounting, partial
or full, rather than recognizing in the
income statement the total benefits of
the tax credit as realized. After such
election, a company may not transfer
amounts from this account, except as
authorized herein and in accounts 411.4,
Investment Tax Credit Adjustments,
Utility Operations, 411.5, Investment
Tax Credit Adjustments, Nonutility
Operations, and 420, Investment Tax
Credits, or with approval of the Commission.
B. Where the company’s accounting
provides that investment tax credits
are to be passed on to customers, this
account shall be debited and account
411.4 credited with a proportionate
amount determined in relation to the
average useful life of electric utility
property to which the tax credits relate or such lesser period of time as allowed by a regulatory agency having
rate jurisdiction. If, however, the deferral procedure provides that investment
tax credits are not to be passed on to
customers, the proportionate restorations to income shall be credited to account 420.
C. Subdivisions of this account by department shall be maintained for deferred investment tax credits that are
related to nonelectric utility or other
operations. Contra entries affecting
such account subdivisions shall be appropriately recorded in account 413,
Expenses of Electric Plant Leased to
Others; or account 414, Other Utility
Operating Income. Use of deferral or
nondeferral
accounting
procedures
adopted for nonelectric utility or other
operations are to be followed on a consistent basis.
D. Separate records for electric and
nonelectric utility or other operations
shall be maintained identifying the
properties giving rise to the investment tax credits for each year with the
422
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Federal Energy Regulatory Commission
weighted-average service life of such
properties and any unused balances of
such credits. Such records are not necessary unless the tax credits are deferred.
256 Deferred gains from disposition of
utility plant.
This account shall include gains from
the sale or other disposition of property previously recorded in account
105, Electric Plant Held for Future Use,
under the provisions of paragraphs B,
C, and D thereof, where such gains are
significant and are to be amortized
over a period of 5 years, unless otherwise authorized by the Commission.
The amortization of the amounts in
this account shall be made by credits
to account 411.6, Gains from Disposition of Utility Plant. (See account 105,
Electric Plant Held for Future Use.)
257 Unamortized gain on reacquired
debt.
This account shall include the
amounts of discount realized upon reacquisition or redemption of long-term
debt. The amounts in this account
shall be amortized in accordance with
General Instruction 17.
SPECIAL INSTRUCTIONS
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Accumulated Deferred Income Taxes
Before using the deferred tax accounts provided below refer to General
Instruction 18. Comprehensive Interperiod Income Tax Allocation.
The text of these accounts are designed primarily to cover deferrals of
Federal income taxes. However, they
are also to be used when making deferrals of state and local income taxes.
Public utilities and licensees which, in
addition to an electric utility department, have another utility department,
gas, water, etc., and nonutility property and which have deferred taxes on
income with respect thereto shall separately classify such deferrals in the accounts provided below so as to allow
ready identification of items relating
to each utility Deductions.
Pt. 101
281
Accumulated deferred income
taxes—Accelerated
amortization
property.
A. This account shall include tax deferrals resulting from adoption of the
principles of comprehensive interperiod
tax allocation described in General Instruction 18 of this system of accounts
that relate to property for which the
utility has availed itself of the use of
accelerated (5-year) amortization of (1)
certified defense facilities as permitted
by Section 168 of the Internal Revenue
Code and (2) certified pollution control
facilities as permitted by Section 169 of
the Internal Revenue Code.
B. This account shall be credited and
accounts 410.1, Provision for Deferred
Income Taxes, Utility Operating Income, or 410.2, Provision for Deferred
Income Taxes, Other Income and Deductions, as appropriate, shall be debited with tax effects related to property described in paragraph A above
where taxable income is lower than
pretax accounting income due to differences between the periods in which
revenue and expense transactions affect taxable income and the periods in
which they enter into the determination of pretax accounting income.
C. This account shall be debited and
accounts 411.1, Provision for Deferred
Income Taxes—Credit, Utility Operating Income, or 411.2, Provision for
Deferred Income Taxes—Credit, Other
Income and Deductions, as appropriate,
shall be credited with tax effects related to property described in paragraph A above where taxable income is
higher than pretax accounting income
due to differences between the periods
in which revenue and expense transactions affect taxable income and the
periods in which they enter into the determination of pretax accounting income.
D. The utility is restricted in its use
of this account to the purposes set
forth above. It shall not transfer the
balance in this account or any portion
thereof to retained earnings or make
any use thereof except as provided in
the text of this account without prior
approval of the Commission. Upon the
disposition by sale exchange, transfer,
abandonment or premature retirement
of plant on which there is a related balance herein, this account shall be
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18 CFR Ch. I (4–1–12 Edition)
charged with an amount equal to the
related income tax expense, if any,
arising from such disposition and account 411.1, Provision for Deferred Income Taxes—Credit, Utility Operating
Income, or 411.2, Provision for Deferred
Income Taxes—Credit, Other Income
and Deductions, as appropriate, shall
be credited. When the remaining balance, after consideration of any related
income tax expense, is less than $25,000,
this account shall be charged and account 411.1 or 411.2, as appropriate,
credited with such balance. If after
consideration of any related income
tax expense, there is a remaining
amount of $25,000 or more, the Commission shall authorize or direct how such
amount shall be accounted for at the
time approval for the disposition of accounting is granted. When plant is disposed of by transfer to a wholly owned
subsidiary the related balance in this
account shall also be transferred. When
the disposition relates to retirement of
an item or items under a group method
of depreciation where there is no tax
effect in the year of retirement, no entries are required in this account if it
can be determined that the related balances would be necessary to be retained to offset future group item tax
deficiencies.
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282
Accumulated deferred income
taxes—Other property.
A. This account shall include the tax
deferrals resulting from adoption of the
principle of comprehensive interperiod
income tax allocation described in
General Instruction 18 of this system of
accounts which are related to all property other than accelerated amortization property.
B. This account shall be credited and
accounts 410.1, Provision for Deferred
Income Taxes, Utility Operating Income, or 410.2, Provision for Deferred
Income Taxes, Other Income and Deductions, as appropriate, shall be debited with tax effects related to property described in paragraph A above
where taxable income is lower than
pretax accounting income due to differences between the periods in which
revenue and expense transactions affect taxable income and the periods in
which they enter into the determination of pretax accounting income.
C. This account shall be debited and
accounts 411.1, Provision for Deferred
Income Taxes—Credit, Utility Operating Income, or 411.2, Provision for
Deferred Income Taxes—Credit, Other
Income and Deductions, as appropriate,
shall be credited with tax effects related to property described in paragraph A above where taxable income is
higher than pretax accounting income
due to differences between the periods
in which revenue and expense transactions affect taxable income and the
periods in which they enter into the determination of pretax accounting income.
D. The utility is restricted in its use
of this account to the purposes set
forth above. It shall not transfer the
balance in this account or any portion
thereof to retained earnings or make
any use thereof except as provided in
the text of this account without prior
approval of the Commission. Upon the
disposition by sale, exchange, transfer,
abandonment or premature retirement
of plant on which there is a related balance herein, this account shall be
charged with an amount equal to the
related income tax expense, if any,
arising from such disposition and account 411.1, Income Taxes Deferred in
Prior Years—Credit, Utility Operating
Income, or 411.2, Income Taxes Deferred in Prior Years—Credit, Other Income and Deductions, shall be credited.
When the remaining balance after consideration of any related tax expenses,
is less than $25,000, this account shall
be charged and account 411.1 or 411.2, as
appropriate, credited with such balance. If after consideration of any related income tax expense, there is a remaining amount of $25,000 or more, the
Commission shall authorize or direct
how such amount shall be accounted
for at the time approval for the disposition of accounting is granted. When
plant disposed of by transfer to a wholly owned subsidiary, the related balance in this account shall also be
transferred. When the disposition relates to retirement of an item or items
under a group method of depreciation
where there is no tax effect in the year
of retirement, no entries are required
in this account if it can be determined
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that the related balance would be necessary to be retained to offset future
group item tax deficiencies.
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283
Accumulated deferred income
taxes—Other.
A. This account shall include all
credit tax deferrals resulting from the
adoption of the principles of comprehensive interperiod income tax allocation described in General Instruction
18 of this system of accounts other
than those deferrals which are includible in Accounts 281, Accumulated Deferred Income Taxes—Accelerated Amortization Property and 282, Accumulated Deferred Income Taxes—Other
Property.
B. This account shall be credited and
accounts 410.1 Provision for Deferred
Income Taxes, Utility Operating Income, or 410.2, Provision for Deferred
Income Taxes, Other Income and Deductions, as appropriate, shall be debited with tax effects related to items
described in paragraph A above where
taxable income is lower than pretax accounting income due to differences between the periods in which revenue and
expense transactions affect taxable income and the periods in which they
enter into the determination of pretax
accounting income.
C. This account shall be debited and
accounts 411.1, Provision for Deferred
Income Taxes—Credit, Utility Operating Income or 411.2, Provision for Deferred Income Taxes—Credit, Other Income and Deductions, as appropriate,
shall be credited with tax effects related to items described in paragraph A
above where taxable income is higher
than pretax accounting income due to
differences between the periods in
which revenue and expense transactions affect taxable income and the
periods in which they enter into the determination of pretax accounting income.
D. Records with respect to entries to
this account, as described above, and
the account balance, shall be so maintained as to show the factors of calculation with respect to each annual
amount of the item or class of items.
E. The utility is restricted in its use
of this account to the purposes set
forth above. It shall not transfer the
balance in the account or any portion
Pt. 101
thereof to retained earnings or to any
other account or make any use thereof
except as provided in the text of this
account, without prior approval of the
Commission. Upon the disposition by
sale, exchange, transfer, abandonment
or premature retirement of items on
which there is a related balance herein,
this account shall be charged with an
amount equal to the related income
tax effect, if any, arising from such disposition and account 411.1, Provision
For Deferred Income Taxes—Credit,
Utility Operating Income, or 411.2, Provision For Deferred Income Taxes—
Credit, Other Income and Deductions,
as appropriate, shall be credited. When
the remaining balance, after consideration of any related tax expenses, is
less than $25,000, this account shall be
charged and account 411.1 or 411.2, as
appropriate, credited with such balance. If after consideration of any related income tax expense, there is a remaining amount of $25,000 or more, the
Commission shall authorize or direct
how such amount shall be accounted
for at the time approval for the disposition of accounting is granted.
When plant is disposed of by transfer
to a wholly owned subsidiary, the related balance in this account shall also
be transferred. When the disposition relates to retirement of an item or items
under a group method of depreciation
where there is no tax effect in the year
of retirement, no entries are required
in this account if it can be determined
that the related balance would be necessary to be retained to offset future
group item tax deficiencies.
Electric Plant Chart of Accounts
1. INTANGIBLE PLANT
301 Organization.
302 Franchises and consents.
303 Miscellaneous intangible plant.
2. PRODUCTION PLANT
A. STEAM PRODUCTION
310
311
312
313
314
315
316
317
Land and land rights.
Structures and improvements.
Boiler plant equipment.
Engines and engine-driven generators.
Turbogenerator units.
Accessory electric equipment.
Miscellaneous power plant equipment
Asset retirement costs for steam production plant.
425
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18 CFR Ch. I (4–1–12 Edition)
B. NUCLEAR PRODUCTION
320 Land and land rights (Major only).
321 Structures and improvements (Major
only).
322 Reactor plant equipment (Major only).
323 Turbogenerator units (Major only).
324 Accessory electric equipment (Major
only).
325 Miscellaneous power plant equipment
(Major only).
326 Asset retirement costs for nuclear production plant (Major only).
C. HYDRAULIC PRODUCTION
330
331
332
333
334
335
336
337
Land and land rights.
Structures and improvements.
Reservoirs, dams, and waterways.
Water wheels, turbines and generators.
Accessory electric equipment.
Miscellaneous power plant equipment.
Roads, railroads and bridges.
Asset retirement costs for hydraulic production plant.
340
341
342
343
344
345
346
347
Land and land rights.
Structures and improvements.
Fuel holders, producers, and accessories.
Prime movers.
Generators.
Accessory electric equipment.
Miscellaneous power plant equipment.
Asset retirement costs for other production plant.
D. OTHER PRODUCTION
3. TRANSMISSION PLANT
350 Land and land rights.
351 [Reserved]
352 Structures and improvements.
353 Station equipment.
354 Towers and fixtures.
355 Poles and fixtures.
356 Overhead conductors and devices.
357 Underground conduit.
358 Underground conductors and devices.
359 Roads and trails.
359.1 Asset retirement costs for transmission
plant.
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4. DISTRIBUTION PLANT
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
Land and land rights.
Structures and improvements.
Station equipment.
Storage battery equipment.
Poles, towers and fixtures.
Overhead conductors and devices
Underground conduit.
Underground conductors and devices
Line transformers.
Services.
Meters.
Installations on customers’ premises
Leased property on customers’ premises.
Street lighting and signal systems.
Asset retirement costs for distribution
plant.
5. REGIONAL TRANSMISSION AND MARKET
OPERATION PLANT
380
381
382
383
384
385
Land and land rights.
Structures and improvements.
Computer hardware.
Computer software.
Communication Equipment.
Miscellaneous Regional Transmission
and Market Operation Plant.
386 Asset Retirement Costs for Regional
Transmission and Market Operation
Plant.
387 [Reserved]
6. GENERAL PLANT
389 Land and land rights.
390 Structures and improvements.
391 Office furniture and equipment.
392 Transportation equipment.
393 Stores equipment.
394 Tools, shop and garage equipment.
395 Laboratory equipment.
396 Power operated equipment.
397 Communication equipment.
398 Miscellaneous equipment.
399 Other tangible property.
399.1 Asset retirement costs for general
plant.
Electric Plant Accounts
301 Organization.
This account shall include all fees
paid to federal or state governments
for the privilege of incorporation and
expenditures incident to organizing the
corporation, partnership, or other enterprise and putting it into readiness
to do business.
ITEMS
1. Cost of obtaining certificates authorizing an enterprise to engage in the publicutility business.
2. Fees and expenses for incorporation
3. Fees and expenses for mergers or consolidations.
4. Office expenses incident to organizing
the utility.
5. Stock and minute books and corporate
seal.
NOTE A: This account shall not include any
discounts upon securities issued or assumed;
nor shall it include any costs incident to negotiating loans, selling bonds or other evidences of debt or expenses in connection
with the authorization, issuance or sale of
capital stock.
NOTE B: Exclude from this account and include in the appropriate expense account the
cost of preparing and filing papers in connection with the extension of the term of incorporation unless the first organization costs
426
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Federal Energy Regulatory Commission
have been written off. When charges are
made to this account for expenses incurred
in mergers, consolidations, or reorganizations, amounts previously included herein or
in similar accounts in the books of the companies concerned shall be excluded from this
account.
302 Franchises and consents.
A. This account shall include
amounts paid to the federal government, to a state or to a political subdivision thereof in consideration for
franchises, consents, water power licenses, or certificates, running in perpetuity or for a specified term of more
than one year, together with necessary
and reasonable expenses incident to
procuring such franchises, consents,
water power licenses, or certificates of
permission and approval, including expenses of organizing and merging separate corporations, where statutes require, solely for the purpose of acquiring franchises.
B. If a franchise, consent, water
power license or certificate is acquired
by assignment, the charge to this account in respect thereof shall not exceed the amount paid therefor by the
utility to the assignor, nor shall it exceed the amount paid by the original
grantee, plus the expense of acquisition
to such grantee. Any excess of the
amount actually paid by the utility
over the amount above specified shall
be charged to account 426.5, Other Deductions.
C. When any franchise has expired,
the book cost thereof shall be credited
hereto and charged to account 426.5,
Other Deductions, or to account 111,
Accumulated Provision for Amortization of Electric Utility Plant (for
Nonmajor utilities, account 110, Accumulated Provision for Depreciation and
Amortization of Electric Plant), as appropriate.
D. Records supporting this account
shall be kept so as to show separately
the book cost of each franchise or consent.
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NOTE: Annual or other periodic payments
under franchises shall not be included herein
but in the appropriate operating expense account.
303 Miscellaneous intangible plant.
A. This account shall include the
cost of patent rights, licenses, privi-
Pt. 101
leges, and other intangible property
necessary or valuable in the conduct of
utility operations and not specifically
chargeable to any other account.
B. When any item included in this account is retired or expires, the book
cost thereof shall be credited hereto
and charged to account 426.5, Other Deductions, or account 111, Accumulated
Provision for Amortization of Electric
Utility Plant (for Nonmajor utilities,
account 110, Accumulated Provision for
Depreciation and Amortization of Electric Plant), as appropriate.
C. This account shall be maintained
in such a manner that the utility can
furnish full information with respect to
the amounts included herein.
310 Land and land rights.
This account shall include the cost of
land and land rights used in connection
with steam-power generation. (See
electric plant instruction 7.)
311 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used in connection with steam-power
generation. (See electric plant instruction 8.)
NOTE: Include steam production roads and
railroads in this account.
312 Boiler plant equipment.
This account shall include the cost
installed of furnaces, boilers, coal and
ash handling and coal preparing equipment, steam and feed water piping,
boiler apparatus and accessories used
in the production of steam, mercury, or
other vapor, to be used primarily for
generating electricity.
ITEMS
1. Ash handling equipment, including hoppers, gates, cars, conveyors, hoists, sluicing
equipment, including pumps and motors,
sluicing water pipe and fittings, sluicing
trenches and accessories, etc., except sluices
which are a part of a building.
2. Boiler feed system, including feed water
heaters, evaporator condensers, heater drain
pumps, heater drainers, deaerators, and vent
condensers, boiler feed pumps, surge tanks,
feed water regulators, feed water measuring
equipment, and all associated drives.
3. Boiler plant cranes and hoists and associated drives.
427
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18 CFR Ch. I (4–1–12 Edition)
4. Boilers and equipment, including boilers
and baffles, economizers, superheaters, soot
blowers, foundations and settings, water
walls, arches, grates, insulation, blow-down
system, drying out of new boilers, also associated motors or other power equipment.
5. Breeching and accessories, including
breeching, dampers, soot spouts, hoppers and
gates, cinder eliminators, breeching insulation, soot blowers and associated motors.
6. Coal handling and storage equipment, including coal towers, coal lorries, coal cars,
locomotives and tracks when devoted principally to the transportation of coal, hoppers, downtakes, unloading and hoisting
equipment, skip hoists and conveyors, weighing equipment, magnetic separators, cable
ways, housings and supports for coal handling equipment.
7.
Draft
equipment,
including
air
preheaters and accessories, induced and
forced draft fans, air ducts, combustion control mechanisms, and associated motors or
other power equipment.
8. Gas-burning equipment, including holders, burner equipment and piping, control
equipment, etc.
9. Instruments and devices, including all
measuring, indicating, and recording equipment for boiler plant service together with
mountings and supports.
10. Lighting systems.
11. Oil-burning equipment, including tanks,
heaters, pumps with drive, burner equipment
and piping, control equipment, etc.
12. Pulverized fuel equipment, including
pulverizers, accessory motors, primary air
fans, cyclones and ducts, dryers, pulverized
fuel bins, pulverized fuel conveyors and
equipment, burners, burner piping, priming
equipment, air compressors, motors, etc.
13. Stacks, including foundations and supports, stack steel and ladders, stack brick
work, stack concrete, stack lining, stack
painting (first), when set on separate foundations, independent of substructure or superstructure of building.
14. Station piping, including pipe, valves,
fittings, separators, traps, desuperheaters,
hangers, excavation, covering, etc., for station piping system, including all steam, condensate, boiler feed and water supply piping,
etc., but not condensing water, plumbing,
building heating, oil, gas, air piping or piping specifically provided for in account 313.
15. Stoker or equivalent feeding equipment, including stokers and accessory motors, clinker grinders, fans and motors, etc.
16. Ventilating equipment.
17. Water purification equipment, including softeners and accessories, evaporators
and accessories, heat exchangers, filters,
tanks for filtered or softened water, pumps,
motors, etc.
18. Water-supply systems, including pumps,
motors, strainers, raw-water storage tanks,
boiler wash pumps, intake and discharge
pipes and tunnels not a part of a building.
19. Wood fuel equipment, including hoppers, fuel hogs and accessories, elevators and
conveyors, bins and gates, spouts, measuring
equipment and associated drives.
NOTE: When the system for supplying boiler or condenser water is elaborate, as when
it includes a dam, reservoir, canal, pipe line,
cooling ponds, or where gas or oil is used as
a fuel for producing steam and is supplied
through a pipe line system owned by the
utility, the cost of such special facilities
shall be charged to a subdivision of account
311, Structures and Improvements.
313 Engines and engine-driven generators.
This account shall include the cost
installed of steam engines, reciprocating or rotary, and their associated
auxiliaries; and engine-driven main
generators,
except
turbogenerator
units.
ITEMS
1. Air cleaning and cooling apparatus, including blowers, drive equipment, air ducts
not a part of building, louvers, pumps, hoods,
etc.
2. Belting, shafting, pulleys, reduction
gearing, etc.
3. Circulating pumps, including connections between condensers and intake and discharge tunnels.
4. Cooling system, including towers,
pumps, tank, and piping.
5. Condensers, including condensate pumps,
air and vacuum pumps, ejectors, unloading
valves and vacuum breakers, expansion devices, screens, etc.
6. Cranes, hoists, etc., including items
wholly identified with items listed herein.
7. Engines, reciprocating or rotary.
8. Fire-extinguishing systems.
9. Foundations and settings, especially
constructed for and not expected to outlast
the apparatus for which provided.
10. Generators—Main, a.c. or d.c., including
field rheostats and connections for self-excited units, and excitation systems when
identified with the generating unit.
11. Governors.
12. Lighting systems.
13. Lubricating systems including gauges,
filters, tanks, pumps, piping, motors, etc.
14. Mechanical meters, including gauges,
recording instruments, sampling and testing
equipment.
15. Piping—main exhaust, including connections between generator and condenser
and between condenser and hotwell.
428
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16. Piping—main steam, including connections from main throttle valve to turbine
inlet.
17. Platforms, railings, steps, gratings,
etc., appurtenant to apparatus listed herein.
18. Pressure oil system, including accumulators, pumps, piping, motors, etc.
19. Throttle and inlet valve.
20. Tunnels, intake and discharge, for condenser system, when not a part of a structure.
21. Water screens, motors, etc.
314 Turbogenerator units.
This account shall include the cost
installed of main turbine-driven units
and accessory equipment used in generating electricity by steam.
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ITEMS
1. Air cleaning and cooling apparatus, including blowers, drive equipment, air ducts
not a part of building, louvers, pumps, hoods,
etc.
2. Circulating pumps, including connections between condensers and intake and discharge tunnels.
3. Condensers, including condensate pumps,
air and vacuum pumps, ejectors, unloading
valves and vacuum breakers, expansion devices, screens, etc.
4. Generator hydrogen, gas piping and detrainment equipment.
5. Cooling system, including towers,
pumps, tanks, and piping.
6. Cranes, hoists, etc., including items
wholly identified with items listed herein.
7. Excitation system, when identified with
main generating units.
8. Fire-extinguishing systems.
9. Foundations and settings, especially
constructed for and not expected to outlast
the apparatus for which provided.
10. Governors.
11. Lighting systems.
12. Lubricating systems, including gauges,
filters, water separators, tanks, pumps, piping, motors, etc.
13. Mechanical meters, including gauges,
recording instruments, sampling and testing
equipment.
14. Piping—main exhaust, including connections between turbogenerator and condenser and between condenser and hotwell.
15. Piping—main steam, including connections from main throttle valve to turbine
inlet.
16. Platforms, railings, steps, gratings,
etc., appurtenant to apparatus listed herein.
17. Pressure oil systems, including accumulators, pumps, piping, motors, etc.
18. Steelwork, specially constructed for apparatus listed herein.
19. Throttle and inlet valve.
Pt. 101
20. Tunnels, intake and discharge, for condenser system, when not a part of structure,
water screens, etc.
21. Turbogenerators—main, including turbine and generator, field rheostats and electric connections for self-excited units.
22. Water screens, motors, etc.
23. Moisture separator for turbine steam.
24. Turbine lubricating oil (initial charge).
315 Accessory electric equipment.
This account shall include the cost
installed of auxiliary generating apparatus, conversion equipment, and
equipment used primarily in connection with the control and switching of
electric energy produced by steam
power, and the protection of electric
circuits and equipment, except electric
motors used to drive equipment included in other accounts. Such motors
shall be included in the account in
which the equipment with which they
are associated is included.
ITEMS
1. Auxiliary generators, including boards,
compartments, switching equipment, control
equipment, and connections to auxiliary
power bus.
2. Excitation system, including motor, turbine and dual-drive exciter sets and rheostats, storage batteries and charging equipment, circuit breakers, panels and accessories, knife switches and accessories, surge
arresters, instrument shunts, conductors and
conduit, special supports for conduit, generator field and exciter switch panels, exciter
bus tie panels, generator and exciter rheostats, etc., special housing, protective
screens, etc.
3. Generator main connections, including
oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks, current
transformers, potential transformers, protective relays, isolated panels and equipment,
conductors and conduit, special supports for
generator main leads grounding switch, etc.,
special housings, protective screens, etc.
4. Station buses including main, auxiliary,
transfer, synchronizing and fault ground
buses, including oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks,
reactors and accessories, voltage regulators
and accessories, compensators, resistors,
starting transformers, current transformers,
potential transformers, protective relays,
storage batteries and charging equipment,
isolated panels and equipment, conductors
and conduit, special supports, special
housings, concrete pads, general station
429
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
grounding system, special fire-extinguishing
system, and test equipment.
5. Station control system, including station switchboards with panel wiring, panels
with instruments and control equipment
only, panels with switching equipment
mounted or mechanically connected, trucktype boards complete, cubicles, station supervisory control boards, generator and exciter signal stands, temperature recording
devices, frequency-control equipment, master
clocks,
watt-hour
meters
and
synchronoscope in the turbine room, station
totalizing wattmeter, boiler-room load indicator equipment, storage batteries, panels
and charging sets, instrument transformers
for supervisory metering, conductors and
conduit, special supports for conduit, switchboards, batteries, special housing for batteries, protective screens, doors, etc.
NOTE A: Do not include in this account
transformers and other equipment used for
changing the voltage or frequency of electricity for the purposes of transmission or
distribution.
NOTE B: When any item of equipment listed herein is used wholly to furnish power to
equipment included in another account, its
cost shall be included in such other account.
316 Miscellaneous power plant equipment.
This account shall include the cost
installed of miscellaneous equipment
in and about the steam generating
plant devoted to general station use,
and which is not properly includible in
any of the foregoing steam-power production accounts.
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ITEMS
1. Compressed air and vacuum cleaning
systems, including tanks, compressors,
exhausters, air filters, piping, etc.
2. Cranes and hoisting equipment, including cranes, cars, crane rails, monorails,
hoists, etc., with electric and mechanical
connections.
3. Fire-extinguishing equipment for general station use.
4. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which provided.
5. Locomotive cranes not includible elsewhere.
6. Locomotives not includible elsewhere.
7. Marine equipment, including boats,
barges, etc.
8. Miscellaneous belts, pulleys, countershafts, etc.
9. Miscellaneous equipment, including atmospheric and weather indicating devices,
intrasite communication equipment, laboratory equipment, signal systems, callophones
emergency whistles and sirens, fire alarms,
insect-control equipment, and other similar
equipment.
10. Railway cars not includible elsewhere.
11. Refrigerating systems, including compressors, pumps, cooling coils, etc.
12. Station maintenance equipment, including lathes, shapers, planers, drill presses,
hydraulic presses, grinders, etc., with motors, shafting, hangers, pulleys, etc.
13. Ventilating equipment, including items
wholly identified with apparatus listed herein.
NOTE: When any item of equipment listed
herein is wholly used in connection with
equipment included in another account, its
cost shall be included in such other account.
317
Asset retirement costs for steam
production plant.
This account shall include asset retirement costs on plant included in the
steam production function.
320 Land and land rights (Major only).
This account shall include the cost of
land and land rights used in connection
with nuclear power generation. (See
electric plant instruction 7.)
321
Structures and improvements
(Major only).
This account shall include the cost in
place of structures and improvements
used and useful in connection with nuclear power generation. (See electric
plant instruction 8.)
NOTE: Include vapor containers and nuclear production roads and railroads in this
account.
322 Reactor plant equipment (Major
only).
This account shall include the installed cost of reactors, reactor fuel
handling and storage equipment, pressurizing equipment, coolant charging
equipment,
purification
and
discharging equipment, radioactive waste
treatment and disposal equipment,
boilers, steam and feed water piping,
reactor and boiler apparatus and accessories and other reactor plant equipment used in the production of steam
to be used primarily for generating
electricity, including auxiliary superheat boilers and associated equipment
in systems which change temperatures
or pressure of steam from the reactor
system.
430
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ITEMS
1. Auxiliary superheat boilers and associated fuel storage handling preparation and
burning equipment, etc. (See account 312
Boiler Plant Equipment, for items, but exclude water supply, water flow lines, and
steam lines, as well as other equipment not
strictly within the superheat function.)
2. Boiler feed system, including feed water
heaters, evaporator condensers, heater drain
pumps, heater drainers, deaerators, and vent
condensers, boiler feed pumps, surge tanks,
feed water regulators, feed water measuring
equipment, and all associated drivers.
3. Boilers and heat exchangers.
4. Instruments and devices, including all
measuring, indicating, and recording equipment for reactor and boiler plant service together with mountings and supports.
5. Lighting systems.
6. Moderators, such as heavy water, graphite, etc., initial charge.
7. Reactor coolant; primary and secondary
systems (initial charge).
8. Radioactive waste treatment and disposal equipment, including tanks, ion exchangers, incinerators, condensers, chimneys, and diluting fans and pumps.
9. Foundations and settings, especially
constructed for and not expected to outlast
the apparatus for which provided.
10. Reactor including shielding, control
rods and mechanisms.
11. Reactor fuel handling equipment, including manipulating and extraction tools,
underwater viewing equipment, seal cutting
and welding equipment, fuel transfer equipment and fuel disassembly machinery.
12. Reactor fuel element failure detection
system.
13. Reactor emergency poison container
and injection system.
14. Reactor pressurizing and pressure relief
equipment, including pressurizing tanks and
immersion heaters.
15. Reactor coolant or moderator circulation charging, purification, and discharging
equipment, including tanks, pumps, heat exchangers, demineralizers, and storage.
16. Station piping, including pipes, valves,
fittings, separators, traps, desuperheaters,
hangers, excavation, covering, etc., for station piping system, including all-reactor
coolant, steam, condensate, boiler feed and
water supply piping, etc., but not condensing
water, plumbing, building heating, oil, gas,
or air piping.
17. Ventilating equipment.
18. Water purification equipment, including softeners, demineralizers, and accessories, evaporators and accessories, heat exchangers, filters, tanks for filtered or softened water, pumps, motors, etc.
19. Water supply systems, including pumps,
motors, strainers, raw-water storage tanks,
Pt. 101
boiler wash pumps, intake and discharge
pipes and tunnels not a part of a building.
20. Reactor plant cranes and hoists, and associated drives.
NOTE: When the system for supplying boiler or condenser water is elaborate, as when
it includes a dam, reservoir, canal, pipe
lines, or cooling ponds, the cost of such special facilities shall be charged to a subdivision of account 321, Structures and Improvements.
323 Turbogenerator units (Major only).
This account shall include the cost
installed of main turbine-driven units
and accessory equipment used in generating electricity by steam.
ITEMS
1. Air cleaning and cooling apparatus, including blowers, drive equipment, air ducts
not a part of building, louvers, pumps, hoods,
etc.
2. Circulating pumps, including connections between condensers, and intake and
discharge tunnels.
3. Condensers, including condensate pumps,
air and vacuum pumps ejectors, unloading
valves and vacuum breakers, expansion devices, screens, etc.
4. Generator hydrogen gas piping system
and hydrogen detrainment equipment, and
bulk hydrogen gas storage equipment.
5. Cooling system, including towers,
pumps, tanks and piping.
6. Cranes, hoists, etc., including items
wholly identified with items listed herein.
7. Excitation system, when identified with
main generating units.
8. Fire extinguishing systems.
9. Foundations and settings, especially
constructed for and not expected to outlast
the apparatus for which provided.
10. Governors.
11. Lighting systems.
12. Lubricating systems, including gauges
filters, water separators, tanks, pumps, piping motors, etc.
13. Mechanical meters, including gauges
recording instruments, sampling and testing
equipment.
14. Piping—main exhaust, including connections between turbogenerator and condenser and between condenser and hotwell.
15. Piping—main steam, including connections from main throttle valve to turbine
inlet.
16. Platforms, railings, steps, gratings, etc.
appurtenant to apparatus listed herein.
17. Pressure oil systems, including accumulators, pumps, piping, motors, etc.
18. Steelwork, specially constructed for apparatus listed herein.
19. Throttle and inlet valve.
431
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18 CFR Ch. I (4–1–12 Edition)
20. Tunnels, intake and discharge, for condenser system, when not a part of structure
water screens, etc.
21. Turbogenerators—main, including turbine and generator, field rheostats and electric connections for self-excited units.
22. Water screens, motors, etc.
23 Moisture separators for turbine steam.
24. Turbine lubricating oil (initial charge).
324
Accessory
electric
equipment
(Major only).
This account shall include the cost
installed of auxiliary generating apparatus, conversion equipment, and
equipment used primarily in connection with the control and switching of
electric energy produced by nuclear
power, and the protection of electric
circuits and equipment, except electric
motors used to drive equipment included in other accounts. Such motors
shall be included in the account in
which the equipment with which they
are associated is included.
NOTE: Do not include in this account transformers and other equipment used for changing the voltage or frequency of electric energy for the purpose of transmission or distribution.
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ITEMS
1. Auxiliary generators, including boards,
compartments, switching equipment, control
equipment, and connections to auxiliary
power bus.
2. Excitation system, including motor, turbine and dual-drive exciter sets and rheostats, storage batteries and charging equipment, circuit breakers, panels and accessories, knife switches and accessories, surge
arresters, instrument shunts, conductors and
conduit, special supports for conduit, generator field and exciter switch panels, exciter
bus tie panels, generator and exciter rheostats, etc., special housing, protective
screens, etc.
3. Generator main connections, including
oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks, current
transformers, potential transformers, protective relays, isolated panels and equipment,
conductors and conduit, special supports for
generator main leads, grounding switch, etc.,
special housings, protective screens, etc.
4. Station buses, including main, auxiliary,
transfer, synchronizing and fault ground
buses, including oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks,
reactors and accessories, voltage regulators
and accessories, compensators, resistors,
starting transformers, current transformers,
potential transformers, protective relays,
storage batteries and charging equipment,
isolated panels and equipment, conductors
and conduit, special supports, special
housings, concrete pads, general station
grounding system, fire-extinguishing system,
and test equipment.
5. Station control system, including station switchboards with panel wiring, panels
with instruments and control equipment
only, panels with switching equipment
mounted or mechanically connected, trucktype boards complete, cubicles, station supervisory control boards, generator and exciter signal stands, temperature recording
devices, frequency-control equipment, master
clocks,
watt-hour
meters
and
synchronoscope in the turbine room, station
totalizing wattmeter, boiler-room load indicator equipment, storage batteries, panels
and charging sets, instrument transformers
for supervisory metering, conductors and
conduit, special supports for conduit, switchboards, batteries, special housing for batteries, protective screens, doors, etc.
NOTE: When any item of equipment listed
herein is used wholly to furnish power to
equipment included in another account, its
cost shall be included in such other account
325 Miscellaneous power plant equipment (Major only).
This account shall include the cost
installed of miscellaneous equipment
in and about the nuclear generating
plant devoted to general station use,
and which is not properly includible in
any of the foregoing nuclear-power production accounts.
ITEMS
1. Compressed air and vacuum cleaning
systems, including tanks, compressors,
exhausters, air filters, piping, etc.
2. Cranes and hoisting equipment, including cranes, cars, crane rails, monorails,
hoists, etc., with electric and mechanical
connections.
3. Fire-extinguishing equipment for general station and site use.
4. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which provided.
5. Locomotive cranes not includible elsewhere.
6. Locomotives not included elsewhere.
7. Marine equipment, including boats,
barges, etc.
8. Miscellaneous belts, pulleys, countershafts, etc.
9. Miscellaneous equipment, including atmospheric and weather recording devices,
intrasite communication equipment, laboratory equipment, signal systems, callophones
emergency whistles and sirens, fire alarms,
432
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insect-control equipment, and other similar
equipment.
10. Railway cars or special shipping containers not includible elsewhere.
11. Refrigerating systems, including compressors, pumps, cooling coils, etc.
12. Station maintenance equipment, including lathes, shapers, planers, drill presses,
hydraulic presses, grinders, etc., with motors, shafting, hangers, pulleys, etc.
13. Ventilating equipment, including items
wholly identified with apparatus listed herein.
14. Station and area radiation monitoring
equipment.
NOTE: When any item of equipment listed
herein is wholly used in connection with
equipment included in another account, its
cost shall be included in such other account.
326
Asset retirement costs for nuclear
production plant (Major only).
This account shall include asset retirement costs on plant included in the
nuclear production function.
330 Land and land rights.
This account shall include the cost of
land and land rights used in connection
with hydraulic power generation. (See
electric plant instruction 7.) For Major
utilities, it shall also include the cost
of land and land rights used in connection with (1) the conservation of fish
and wildlife, and (2) recreation. Separate subaccounts shall be maintained
for each of the above.
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331 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used in connection with hydraulic
power generation. (See electric plant
instruction 8.) For Major utilities, it
shall also include the cost in place of
structures and improvements used in
connection with (1) the conservation of
fish and wildlife, and (2) recreation.
Separate subaccounts shall be maintained for each of the above.
332 Reservoirs, dams, and waterways.
This account shall include the cost in
place of facilities used for impounding,
collecting, storage, diversion, regulation, and delivery of water used primarily for generating electricity. For
Major utilities, it shall also include the
cost in place of facilities used in connection with (a) the conservation of
fish and wildlife, and (b) recreation.
Pt. 101
Separate subaccounts shall be maintained for each of the above. (See electric plant instruction 8C.)
ITEMS
1. Bridges and culverts (when not a part of
roads or railroads).
2. Clearing and preparing land.
3. Dams, including wasteways, spillways,
flash boards, spillway gates with operating
and control mechanisms, tunnels, gate
houses, and fish ladders.
4. Dikes and embankments.
5. Electric system, including conductors
control system, transformers, lighting fixtures, etc.
6. Excavation, including shoring, bracing,
bridging, refill, and disposal of excess excavated material.
7. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which provided.
8. Intakes, including trash racks, rack
cleaners, control gates and valves with operating mechanisms, and intake house when
not a part of station structure.
9. Platforms, railings, steps, gratings, etc.,
appurtenant to structures listed herein.
10. Power line wholly identified with items
included herein.
11. Retaining walls.
12. Water conductors and accessories, including canals, tunnels, flumes, penstocks
pipe conductors, forebays, tailraces, navigation locks and operating mechanisms,
waterhammer and surge tanks, and supporting trestles and structures.
13. Water storage reservoirs, including
dams, flashboards, spillway gates and operating mechanisms, inlet and outlet tunnels,
regulating valves and valve towers, silt and
mud sluicing tunnels with valve or gate towers, and all other structures wholly identified with any of the foregoing items.
333 Water wheels, turbines and generators.
This account shall include the cost
installed of water wheels and hydraulic
turbines
(from
connection
with
penstock or flume to tailrace) and generators driven thereby devoted to the
production of electricity by water
power or for the production of power
for industrial or other purposes, if the
equipment used for such purposes is a
part of the hydraulic power plant
works.
ITEMS
1. Exciter water wheels and turbines, including runners, gates, governors, pressure
433
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
regulators, oil pumps, operating mechanisms, scroll cases, draft tubes, and drafttube supports.
2. Fire-extinguishing equipment.
3. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
4. Generator cooling system, including air
cooling and washing apparatus, air fans and
accessories, air ducts, etc.
5. Generators—main, a.c. or d.c., including
field rheostats and connections for self-excited units and excitation system when identified with the generating unit.
6. Lighting systems.
7. Lubricating systems, including gauges,
filters, tanks, pumps, piping, etc.
8. Main penstock valves and appurtenances, including main valves, control
equipment, bypass valves and fittings, and
other accessories.
9. Main turbines and water wheels, including runners, gates, governors, pressure regulators, oil pumps, operating mechanisms,
scroll cases, draft tubes, and draft-tube supports.
10. Mechanical meters and recording instruments.
11. Miscellaneous water-wheel equipment,
including gauges, thermometers, meters, and
other instruments.
12. Platforms, railings, steps, gratings,
etc., appurtenant to apparatus listed herein.
13. Scroll case filling and drain system, including gates, pipe, valves, fittings, etc.
14. Water-actuated pressure-regulator system, including tanks and housings, pipes,
valves, fittings and insulations, piers and anchorage, and excavation and backfill.
334 Accessory electric equipment.
This account shall include the cost
installed of auxiliary generating apparatus, conversion equipment, and
equipment used primarily in connection with the control and switching of
electric energy produced by hydraulic
power and the protection of electric
circuits and equipment, except electric
motors used to drive equipment included in other accounts, such motors
being included in the account in which
the equipment with which they are associated is included.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Auxiliary generators, including boards,
compartments, switching equipment, control
equipment, and connections to auxiliary
power bus.
2. Excitation system, including motor, turbine, and dual-drive exciter sets and rheostats, storage batteries and charging equipment, circuit breakers, panels and accessories, knife switches and accessories, surge
arresters, instrument shunts, conductors and
conduit, special supports for conduit, generator field and exciter switch panels, exciter
bus tie panels, generator and exciter rheostats, etc., special housings, protective
screens, etc.
3. Generator main connections, including
oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks, current
transformers, potential transformers, protective relays, isolated panels and equipment,
conductors and conduit, special supports for
generator main leads, grounding switch, etc.,
special housings, protective screens, etc.
4. Station buses, including main, auxiliary,
transfer, synchronizing, and fault ground
buses, including oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks,
reactors and accessories, voltage regulators
and accessories, compensators, resistors
starting transformers, current transformers,
potential transformers, protective relays,
storage batteries, and charging equipment,
isolated panels and equipment, conductors
and conduit, special supports, special fire-extinguishing system, and test equipment.
5. Station control system, including station switchboards with panel wiring panels
with instruments and control equipment
only, panels with switching equipment
mounted
or
mechanically
connected,
trucktype boards complete, cubicles, station
supervisory control devices, frequency control equipment, master clocks, watt-hour
meter, station totalizing watt-meter, storage
batteries, panels and charging sets, instrument transformers for supervisory metering,
conductors and conduit, special supports for
conduit, switchboards, batteries, special
housings for batteries, protective screens,
doors, etc.
NOTE A: Do not include in this account
transformers and other equipment used for
changing the voltage or frequency of electricity for the purpose of transmission or
distribution.
NOTE B: When any item of equipment listed herein is used wholly to furnish power to
equipment, it shall be included in such
equipment account.
335 Miscellaneous power plant equipment.
This account shall include the cost
installed of miscellaneous equipment
in and about the hydroelectric generating plant which is devoted to general
station use and is not properly includible in other hydraulic production accounts. For Major utilities, it shall
also include the cost of equipment used
in connection with (a) the conservation
of fish and wildlife, and (b) recreation.
434
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Separate subaccounts shall be maintained for each of the above.
ITEMS
1. Compressed air and vacuum cleaning
systems, including tanks, compressors,
exhausters, air filters, piping, etc.
2. Cranes and hoisting equipment, including cranes, cars, crane rails, monorails,
hoists, etc., with electric and mechanical
connections.
3. Fire-extinguishing equipment for general station use.
4. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
5. Locomotive cranes not includible elsewhere.
6. Locomotives not includible elsewhere.
7. Marine equipment, including boats,
barges, etc.
8. Miscellaneous belts, pulleys, countershafts, etc.
9. Miscellaneous equipment, including atmospheric and weather indicating devices,
intrasite communication equipment, laboratory equipment, insect control equipment,
signal systems, callophones, emergency
whistles and sirens, fire alarms, and other
similar equipment.
10. Railway cars, not includible elsewhere.
11. Refrigerating system, including compressors, pumps, cooling coils, etc.
12. Station maintenance equipment, including lathes, shapers, planers, drill presses,
hydraulic presses, grinders, etc., with motors, shafting, hangers, pulleys, etc.
13. Ventilating equipment, including items
wholly identified with apparatus listed herein.
NOTE: When any item of equipment, listed
herein is used wholly in connection with
equipment included in another account, its
cost shall be included in such other account.
336 Roads, railroads and bridges.
This account shall include the cost of
roads, railroads, trails, bridges, and
trestles used primarily as production
facilities. It includes also those roads,
etc., necessary to connect the plant
with highway transportation systems,
except when such roads are dedicated
to public use and maintained by public
authorities.
Pt. 101
5. Structures, constructed and maintained
in connection with items listed herein.
6. Trails, including grading, surfacing, culverts, etc.
7. Trestles, including foundations, piers,
girders, trusses, flooring, etc.
NOTE A: Roads intended primarily for connecting employees’ houses with the powerplant, and roads used primarily in connection with fish and wildlife, and recreation activities, shall not be included herein but in
account 331, Structures and Improvements.
NOTE B: The cost of temporary roads,
bridges, etc. necessary during the period of
construction but abandoned or dedicated to
public use upon completion of the plant,
shall not be included herein but shall be
charged to the accounts appropriate for the
construction.
337
Asset retirement costs for hydraulic production plant.
This account shall include asset retirement costs on plant included in the
hydraulic production function.
340 Land and land rights.
This account shall include the cost of
land and land rights used in connection
with other power generation. (See electric plant instruction 7.)
341 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used in connection with other power
generation. (See electric plant instruction 8.)
342 Fuel holders, producers, and accessories.
This account shall include the cost
installed of fuel handling and storage
equipment used between the point of
fuel delivery to the station and the intake pipe through which fuel is directly drawn to the engine, also the
cost of gas producers and accessories
devoted to the production of gas for use
in prime movers driving main electric
generators.
ITEMS
1.
2.
3.
4.
5.
6.
7.
8.
9.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Bridges, including foundations, piers,
girders, trusses, flooring, etc.
2. Clearing land.
3. Railroads, including grading, ballast,
ties, rails, culverts, hoists, etc.
4. Roads, including grading, surfacing, culverts, etc.
Blower and fans.
Boilers and pumps.
Economizers.
Exhauster outfits.
Flues and piping.
Pipe system.
Producers.
Regenerators.
Scrubbers.
435
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
10. Steam injectors.
11. Tanks for storage of oil, gasoline, etc.
12. Vaporizers.
343 Prime movers.
This account shall include the cost
installed of Diesel or other prime movers devoted to the generation of electric energy, together with their auxiliaries.
ITEMS
1. Air-filtering system.
2. Belting, shafting, pulleys, reduction
gearing, etc.
3. Cooling system, including towers,
pumps, tanks, and piping.
4. Cranes, hoists, etc., including items
wholly identified with apparatus listed herein.
5. Engines, Diesel, gasoline, gas, or other
internal combustion.
6. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which provided.
7. Governors.
8. Ignition system.
9. Inlet valve.
10. Lighting systems.
11. Lubricating systems, including filters,
tanks, pumps, and piping.
12. Mechanical meters, including gauges,
recording instruments, sampling, and testing
equipment.
13. Mufflers.
14. Piping.
15. Starting systems, compressed air, or
other, including compressors and drives,
tanks, piping, motors, boards and connections, storage tanks, etc.
16. Steelwork, specially constructed for apparatus listed herein.
17. Waste heat boilers, antifluctuators, etc.
344 Generators.
This account shall include the cost
installed of Diesel or other power driven main generators.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Cranes, hoists, etc., including items
wholly identified with such apparatus.
2. Fire-extinguishing equipment.
3. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
4. Generator cooling system, including air
cooling and washing apparatus, air fans and
accessories, air ducts, etc.
5. Generators—main, a.c. or d.c., including
field rheostats and connections for self-excited units and excitation system when identified with the generating unit.
6. Lighting systems.
7. Lubricating system, including tanks, filters, strainers, pumps, piping, coolers, etc.
8. Mechanical meters, and recording instruments.
9. Platforms, railings, steps, gratings, etc.,
appurtenant to apparatus listed herein.
NOTE: If prime movers and generators are
so integrated that it is not practical to classify them separately, the entire unit may be
included in account 344, Generators.
345 Accessory electric equipment.
This account shall include the cost
installed of auxiliary generating apparatus, conversion equipment, and
equipment used primarily in connection with the control and switching of
electric energy produced in other
power generating stations, and the protection of electric circuits and equipment, except electric motors used to
drive equipment included in other accounts. Such motors shall be included
in the account in which the equipment
with which it is associated is included.
ITEMS
1. Auxiliary generators, including boards,
compartments, switching equipment, control
equipment, and connections to auxiliary
power bus.
2. Excitation system, including motor, turbine and dual-drive exciter sets and rheostats, storage batteries and charging equipment, circuit breakers, panels and accessories, knife switches and accessories, surge
arresters, instrument shunts, conductors and
conduit, special supports for conduit, generator field and exciter switch panels, exciter
bus tie panels, generator and exciter rheostats, etc., special housings, protective
screens, etc.
3. Generator main connections, including
oil circuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks, current
transformers, potential transformers, protective relays, isolated panels and equipment,
conductors and conduit, special supports for
generator main leads, grounding switch, etc.,
special housing, protective screens, etc.
4. Station control system, including station switchboards with panel wiring, panels
with instruments and control equipment
only, panels with switching equipment
mounted
or
mechanically
connected,
trunktype boards complete, cubicles, station
supervisory control boards, generator and
exciter signal stands, temperature-recording
devices, frequency control equipment, master clocks, watt-hour meter, station totalizing wattmeter, storage batteries, panels
and charging sets, instrument transformers
for supervisory metering, conductors and
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conduit, special supports for conduit, switchboards, batteries, special housing for batteries, protective screens, doors, etc.
5. Station buses, including main, auxiliary
transfer, synchronizing and fault ground
buses, including oil curcuit breakers and accessories, disconnecting switches and accessories, operating mechanisms and interlocks,
reactors and accessories, voltage regulators
and accessories, compensators, resistors,
starting transformers, current transformers,
potential transformers, protective relays,
storage batteries and charging equipment,
isolated panels and equipment, conductors
and conduit, special supports, special
housings, concrete pads, general station
ground system, special fire-extinguishing
system, and test equipment.
NOTE A: Do not include in this account
transformers and other equipment used for
changing the voltage or frequency of electric
energy for the purpose of transmission or
distribution.
NOTE B: When any item of equipment listed herein is used wholly to furnish power to
equipment included in another account, its
cost shall be included in such other account.
346 Miscellaneous power plant equipment.
This account shall include the cost
installed of miscellaneous equipment
in and about the other power generating plant, devoted to general station
use, and not properly includible in any
of the foregoing other power production accounts.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Compressed air and vacuum cleaning
systems, including tanks, compressors,
exhausters, air filters, piping, etc.
2. Cranes and hoisting equipment, including cranes, cars, crane rails, monorails,
hoists, etc., with electric and mechanical
connections.
3. Fire-extinguishing equipment for general station use.
4. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
5. Miscellaneous equipment, including atmospheric and weather indicating devices,
intrasite communication equipment, laboratory equipment, signal systems, callophones,
emergency whistles and sirens, fire alarms,
and other similar equipment.
6. Miscellaneous belts, pulleys, countershafts, etc.
7. Refrigerating system including compressors, pumps, cooling coils, etc.
8. Station maintenance equipment, including lathes, shapers, planers, drill presses, hydraulic presses, grinders, etc., with motors,
shafting, hangers, pulleys, etc.
Pt. 101
9. Ventilating equipment, including items
wholly identified with apparatus listed herein.
NOTE: When any item of equipment, listed
herein is used wholly in connection with
equipment included in another account, its
cost shall be included in such other account.
347
Asset retirement costs for other
production plant.
This account shall include asset retirement costs on plant included in the
other production function.
350 Land and land rights.
This account shall include the cost of
land and land rights used in connection
with transmission operations. (See
electric plant instruction 7.)
351 [Reserved]
352 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used in connection with transmission
operations. (See electric plant instruction 8.)
353 Station equipment.
This account shall include the cost
installed of transforming, conversion,
and switching equipment used for the
purpose of changing the characteristics
of electricity in connection with its
transmission or for controlling transmission circuits.
ITEMS
1. Bus compartments, concrete, brick, and
sectional steel, including items permanently
attached thereto.
2. Conduit, including concrete and iron
duct runs not a part of a building.
3. Control equipment, including batteries
battery charging equipment, transformers,
remote relay boards, and connections.
4. Conversion equipment, including transformers, indoor and outdoor, frequency
changers, motor generator sets, rectifiers,
synchronous converters, motors, cooling
equipment, and associated connections.
5. Fences.
6. Fixed and synchronous condensers, including transformers, switching equipment
blowers, motors and connections.
7. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
8. General station equipment, including air
compressors, motors, hoists, cranes, test
equipment, ventilating equipment, etc.
437
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9. Platforms, railings, steps, gratings, etc.
appurtenant to apparatus listed herein.
10. Primary and secondary voltage connections, including bus runs and supports,
insulators, potheads, lightning arresters,
cable and wire runs from and to outdoor connections or to manholes and the associated
regulators, reactors, resistors, surge arresters, and accessory equipment.
11. Switchboards, including meters, relays,
control wiring, etc.
12. Switching equipment, indoor and outdoor, including oil circuit breakers and operating mechanisms, truck switches, and disconnect switches.
13. Tools and appliances.
356 Overhead conductors and devices.
354 Towers and fixtures.
357 Underground conduit.
This account shall include the cost
installed of towers and appurtenant
fixtures used for supporting overhead
transmission conductors.
This account shall include the cost
installed of underground conduit and
tunnels used for housing transmission
cables or wires. (See electric plant instruction 14.)
ITEMS
1. Anchors, guys, braces.
2. Brackets.
3. Crossarms, including braces.
4. Excavation, backfill, and disposal of excess excavated material.
5. Foundations.
6. Guards.
7. Insulator pins and suspension bolts.
8. Ladders and steps.
9. Railings, etc.
10. Towers.
355 Poles and fixtures.
This account shall include the cost
installed of transmission line poles,
wood, steel, concrete, or other material, together with appurtenant fixtures used for supporting overhead
transmission conductors.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Anchors, head arm and other guys, including guy guards, guy clamps, strain
insulators, pole plates, etc.
2. Brackets.
3. Crossarms and braces.
4. Excavation and backfill, including disposal of excess excavated material.
5. Extension arms.
6. Gaining, roofing stenciling, and tagging.
7. Insulator pins and suspension bolts.
8. Paving.
9. Pole steps.
10. Poles, wood, steel, concrete, or other
material.
11. Racks complete with insulators.
12. Reinforcing and stubbing.
13. Settings.
14. Shaving and painting.
This account shall include the cost
installed of overhead conductors and
devices used for transmission purposes.
ITEMS
1. Circuit breakers.
2. Conductors, including insulated and bare
wires and cables.
3. Ground wires and ground clamps.
4. Insulators, including pin, suspension,
and other types.
5. Lightning arresters.
6. Switches.
7. Other line devices.
ITEMS
1. Conduit, concrete, brick or tile, including iron pipe, fiber pipe, Murray duct, and
standpipe on pole or tower.
2. Excavation, including shoring, bracing,
bridging, backfill, and disposal of excess excavated material.
3. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which provided.
4. Lighting systems.
5. Manholes, concrete or brick, including
iron or steel, frames and covers, hatchways,
gratings, ladders, cable racks and hangers,
etc., permanently attached to manholes.
6. Municipal inspection.
7. Pavement disturbed, including cutting
and replacing pavement, pavement base and
sidewalks.
8. Permits.
9. Protection of street openings.
10. Removal and relocation of subsurface
obstructions.
11. Sewer connections, including drains,
traps, tide valves, check valves, etc.
12. Sumps, including pumps.
13. Ventilating equipment.
358 Underground conductors and devices.
This account shall include the cost
installed of underground conductors
and devices used for transmission purposes.
ITEMS
1. Armored conductors, buried, including
insulators, insulating materials, splices, potheads, trenching, etc.
438
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2. Armored conductors, submarine, including insulators, insulating materials, splices
in terminal chambers, potheads, etc.
3. Cables in standpipe, including pothead
and connection from terminal chamber of
manhole to insulators on pole.
4. Circuit breakers.
5. Fireproofing, in connection with any
items listed herein.
6. Hollow-core oil-filled cable, including
straight or stop joints pressure tanks, auxiliary air tanks, feeding tanks, terminals, potheads and connections, ventilating equipment, etc.
7. Lead and fabric covered conductors, including insulators, compound filled, oil
filled, or vacuum splices, potheads, etc.
8. Lightning arresters.
9. Municipal inspection.
10. Permits.
11. Protection of street openings.
12. Racking of cables.
13. Switches.
14. Other line devices.
359 Roads and trails.
This account shall include the cost of
roads, trails, and bridges used primarily as transmission facilities.
ITEMS
1. Bridges, including foundation piers, girders, trusses, flooring, etc.
2. Clearing land.
3. Roads, including grading, surfacing, culverts, etc.
4. Structures, constructed and maintained
in connection with items included herein.
5. Trails, including grading, surfacing, culverts, etc.
NOTE: The cost of temporary roads,
bridges, etc., necessary during the period of
construction but abandoned or dedicated to
public use upon completion of the plant,
shall be charged to the accounts appropriate
for the construction.
359.1 Asset retirement costs for transmission plant.
This account shall include asset retirement costs on plant included in the
transmission plant function.
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360 Land and land rights.
This account shall include the cost of
land and land rights used in connection
with distribution operations. (See electric plant instruction 7.)
NOTE: Do not include in this account the
cost of permits to erect poles, towers, etc., or
to trim trees. (See account 364, Poles, Towers and Fixtures, and account 365, Overhead
Conductors and Devices.)
Pt. 101
361 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used in connection with distribution
operations. (See electric plant instruction 8.)
362 Station equipment.
This account shall include the cost
installed of station equipment, including transformer banks, etc., which are
used for the purpose of changing the
characteristics of electricity in connection with its distribution.
ITEMS
1. Bus compartments, concrete, brick and
sectional steel, including items permanently
attached thereto.
2. Conduit, including concrete and iron
duct runs not part of building.
3. Control equipment, including batteries,
battery charging equipment, transformers,
remote relay boards, and connections.
4. Conversion equipment, indoor and outdoor, frequency changers, motor generator
sets, rectifiers, synchronous converters, motors, cooling equipment, and associated connections.
5. Fences.
6. Fixed and synchronous condensers, including transformers, switching equipment,
blowers, motors, and connections.
7. Foundations and settings, specially constructed for and not expected to outlast the
apparatus for which provided.
8. General station equipment, including air
compressors, motors, hoists, cranes, test
equipment, ventilating equipment, etc.
9. Platforms, railings, steps, gratings, etc.,
appurtenant to apparatus listed herein.
10. Primary and secondary voltage connections, including bus runs and supports,
insulators, potheads, lightning arresters,
cable and wire runs from and to outdoor connections or to manholes and the associated
regulators, reactors, resistors, surge arresters, and accessory equipment.
11. Switchboards, including meters, relays,
control wiring, etc.
12. Switching equipment, indoor and outdoor, including oil circuit breakers and operating mechanisms, truck switches, disconnect switches.
NOTE: The cost of rectifiers, series transformers, and other special station equipment
devoted exclusively to street lighting service
shall not be included in this account, but in
account 373, Street Lighting and Signal Systems.
439
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363 Storage battery equipment.
This account shall include the cost
installed of storage battery equipment
used for the purpose of supplying electricity to meet emergency or peak demands.
365 Overhead conductors and devices.
This account shall include the cost
installed of overhead conductors and
devices used for distribution purposes.
ITEMS
ITEMS
1. Batteries, including elements, tanks,
tank insulators, etc.
2. Battery room connections, including
cable or bus runs and connections.
3. Battery room flooring, when specially
laid for supporting batteries.
4. Charging equipment, including motor
generator sets and other charging equipment
and connections, and cable runs from generator or station bus to battery room connections.
5. Miscellaneous equipment, including instruments, water stills, etc.
6. Switching equipment, including endcell
switches and connections, boards and panels,
used exclusively for battery control, not part
of general station switchboard.
7. Ventilating equipment, including fans
and motors, louvers, and ducts not part of
building.
1. Circuit breakers.
2. Conductors, including insulated and bare
wires and cables.
3. Ground wires, clamps, etc.
4. Insulators, including pin, suspension,
and other types, and tie wire or clamps.
5. Lightning arresters.
6. Railroad and highway crossing guards.
7. Splices.
8. Switches.
9. Tree trimming, initial cost including the
cost of permits therefor.
10. Other line devices.
NOTE: Storage batteries used for control
and general station purposes shall not be included in this account but in the account appropriate for their use.
364 Poles, towers and fixtures.
This account shall include the cost
installed of poles, towers, and appurtenant fixtures used for supporting
overhead distribution conductors and
service wires.
ITEMS
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19. Transformer racks and platforms.
1. Anchors, head arm, and other guys, including guy guards, guy clamps, strain
insulators, pole plates, etc.
2. Brackets.
3. Crossarms and braces.
4. Excavation and backfill, including disposal of excess excavated material.
5. Extension arms.
6. Foundations.
7. Guards.
8. Insulator pins and suspension bolts.
9. Paving.
10. Permits for construction.
11. Pole steps and ladders.
12. Poles, wood, steel, concrete, or other
material.
13. Racks complete with insulators.
14. Railings.
15. Reinforcing and stubbing.
16. Settings.
17. Shaving, painting, gaining, roofing,
stenciling, and tagging.
18. Towers.
NOTE: The cost of conductors used solely
for street lighting or signal systems shall
not be included in this account but in account 373, Street Lighting and Signal Systems.
366 Underground conduit.
This account shall include the cost
installed of underground conduit and
tunnels used for housing distribution
cables or wires.
ITEMS
1. Conduit, concrete, brick and tile, including iron pipe, fiber pipe, Murray duct, and
standpipe on pole or tower.
2. Excavation, including shoring, bracing,
bridging, backfill, and disposal of excess excavated material.
3. Foundations and settings specially constructed for and not expected to outlast the
apparatus for which constructed.
4. Lighting systems.
5. Manholes, concrete or brick, including
iron or steel frames and covers, hatchways,
gratings, ladders, cable racks and hangers,
etc., permanently attached to manholes.
6. Municipal inspection.
7. Pavement disturbed, including cutting
and replacing pavement, pavement base, and
sidewalks.
8. Permits.
9. Protection of street openings.
10. Removal and relocation of subsurface
obstructions.
11. Sewer connections, including drains,
traps, tide valves, check valves, etc.
12. Sumps, including pumps.
13. Ventilating equipment.
NOTE: The cost of underground conduit
used solely for street lighting or signal systems shall be included in account 373, Street
Lighting and Signal Systems.
440
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367 Underground conductors and devices.
This account shall include the cost
installed of underground conductors
and devices used for distribution purposes.
ITEMS
1. Armored conductors, buried, including
insulators, insulating materials, splices, potheads, trenching, etc.
2. Armored conductors, submarine, including insulators, insulating materials, splices
in terminal chamber, potheads, etc.
3. Cables in standpipe, including pothead
and connection from terminal chamber or
manhole to insulators on pole.
4. Circuit breakers.
5. Fireproofing, in connection with any
items listed herein.
6. Hollow-core oil-filled cable, including
straight or stop joints, pressure tanks, auxiliary air tanks, feeding tanks, terminals, potheads and connections, etc.
7. Lead and fabric covered conductors, including insulators, compound-filled, oilfilled or vacuum splices, potheads, etc.
8. Lightning arresters.
9. Municipal inspection.
10. Permits.
11. Protection of street openings.
12. Racking of cables.
13. Switches.
14. Other line devices.
NOTE: The cost of underground conductors
and devices used solely for street lighting or
signal systems shall be included in account
373, Street Lighting and Signal Systems.
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368 Line transformers.
A. This account shall include the
cost installed of overhead and underground distribution line transformers
and poletype and underground voltage
regulators owned by the utility, for use
in transforming electricity to the voltage at which it is to be used by the customer, whether actually in service or
held in reserve.
B. When a transformer is permanently retired from service, the original installed cost thereof shall be credited to this account.
C. The records covering line transformers shall be so kept that the utility can furnish the number of transformers of various capacities in service
and those in reserve, and the location
and the use of each transformer.
Pt. 101
ITEMS
1. Installation, labor of (first installation
only).
2. Transformer cut-out boxes.
3. Transformer lightning arresters.
4. Transformers, line and network.
5. Capacitors.
6. Network protectors.
NOTE: The cost of removing and resetting
line transformers shall not be charged to
this account but to account 583, Overhead
Line Expenses, or account 584, Underground
Line Expenses (for Nonmajor utilities, account 561, Line and Station Labor, or account 562, Line and Station Supplies and Expenses), as appropriate. The cost of line
transformers used solely for street lighting
or signal systems shall be included in account 373, Street Lighting and Signal Systems.
369 Services.
This account shall include the cost
installed of overhead and underground
conductors leading from a point where
wires leave the last pole of the overhead system or the distribution box or
manhole, or the top of the pole of the
distribution line, to the point of connection with the customer’s outlet or
wiring. Conduit used for underground
service conductors shall be included
herein.
ITEMS
1. Brackets.
2. Cables and wires.
3. Conduit.
4. Insulators.
5. Municipal inspection.
6. Overhead to underground, including conduit or standpipe and conductor from last
splice on pole to connection with customer’s
wiring.
7. Pavement disturbed, including cutting
and replacing pavement, pavement base, and
sidewalks.
8. Permits.
9. Protection of street openings.
10. Service switch.
11. Suspension wire.
370 Meters.
A. This account shall include the
cost installed of meters or devices and
appurtenances thereto, for use in measuring the electricity delivered to its
users, whether actually in service or
held in reserve.
B. When a meter is permanently retired from service, the installed cost
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18 CFR Ch. I (4–1–12 Edition)
included herein shall be credited to
this account.
C. The records covering meters shall
be so kept that the utility can furnish
information as to the number of meters
of various capacities in service and in
reserve as well as the location of each
meter owned.
ITEMS
1. Alternating current, watt-hour meters.
2. Current limiting devices.
3. Demand indicators.
4. Demand meters.
5. Direct current watt-hour meters.
6. Graphic demand meters.
7. Installation, labor of (first installation
only).
8. Instrument transformers.
9. Maximum demand meters.
10. Meter badges and their attachments.
11. Meter boards and boxes.
12. Meter fittings, connections, and shelves
(first set).
13. Meter switches and cut-outs.
14. Prepayment meters.
15. Protective devices.
16. Testing new meters.
NOTE A: This account shall not include meters for recording output of a generating station, substation meters, etc. It includes only
those meters used to record energy delivered
to customers.
NOTE B: The cost of removing and resetting
meters shall be charged to account 586,
Meter Expenses (for Nonmajor utilities, account 556, Meter Expenses).
371 Installations on customers’ premises.
This account shall include the cost
installed of equipment on the customer’s side of a meter when the utility incurs such cost and when the utility retains title to and assumes full responsibility for maintenance and replacement of such property. This account shall not include leased equipment, for which see account 372, Leased
Property on Customers’ Premises.
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ITEMS
1. Cable vaults.
2. Commercial lamp equipment.
3. Foundations and settings specially provided for equipment included herein.
4. Frequency changer sets.
5. Motor generator sets.
6. Motors.
7. Switchboard panels, high or low tension.
8. Wire and cable connections to incoming
cables.
NOTE: Do not include in this account any
costs incurred in connection with merchandising, jobbing, or contract work activities.
372
Leased property
premises.
on
customers’
This account shall include the cost of
electric motors, transformers, and
other equipment on customers’ premises (including municipal corporations), leased or loaned to customers,
but not including property held for
sale.
NOTE A: The cost of setting and connecting
such appliances or equipment on the premises of customers and the cost of resetting or
removal shall not be charged to this account
but to operating expenses, account 587, Customer Installations Expenses (for Nonmajor
utilities, account 567, Customer Installations
Expenses).
NOTE B: Do not include in this account any
costs incurred in connection with merchandising, jobbing, or contract work activities.
373 Street lighting and signal systems.
This account shall include the cost
installed of equipment used wholly for
public street and highway lighting or
traffic, fire alarm, police, and other
signal systems.
ITEMS
1. Armored conductors, buried or submarine, including insulators, insulating materials, splices, trenching, etc.
2. Automatic control equipment.
3. Conductors, overhead or underground,
including lead or fabric covered, parkway cables, etc., including splices, insulators, etc.
4. Lamps, are, incandescent, or other
types, including glassware, suspension fixtures, brackets, etc.
5. Municipal inspection.
6. Ornamental lamp posts.
7. Pavement disturbed, including cutting
and replacing pavement, pavement base, and
sidewalks.
8. Permits.
9. Posts and standards.
10. Protection of street openings.
11. Relays or time clocks.
12. Series contactors.
13. Switches.
14. Transformers, pole or underground.
374 Asset retirement costs for distribution plant.
This account shall include asset retirement costs on plant included in the
distribution plant function.
442
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380 Land and Land Rights.
This account shall include the cost of
land and land rights used in connection
with regional transmission and market
operations.
381 Structures and Improvements.
This account shall include the cost in
place of structures and improvements
used for regional transmission and
market operations.
382 Computer Hardware.
This account shall include the cost of
computer hardware and miscellaneous
information technology equipment to
provide scheduling, system control and
dispatching, system planning, standards development, market monitoring,
and market administration activities.
Records shall be maintained identifying to the maximum extent practicable computer hardware owned and
used for: (1) Scheduling, system control
and dispatching, (2) system planning
and standards development, and (3)
market monitoring and market administration activities.
ITEMS
1. Personal computers
2. Servers
3. Workstations
4. Energy Management System (EMS)
hardware
5. Supervisory Control and Data Acquisition (SCADA) system hardware
6. Peripheral equipment
7. Networking components
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383 Computer Software.
This account shall include the cost of
off-the-shelf and in-house developed
software purchased and used to provide
scheduling, system control and dispatching, system planning, standards
development, market monitoring, and
market
administration
activities.
Records shall be maintained identifying to the maximum extent practicable the cost of software used for:
(1) Scheduling, system control and
dispatching,
(2) System planning and standards
development, and
(3) Market monitoring and market
administration activities.
ITEMS
1. Software licenses
Pt. 101
2. User interface software
3. Modeling software
4. Database software
5. Tracking and monitoring software
6. Energy Management System (EMS) software
7. Supervisory Control and Data Acquisition (SCADA) system software
8. Evaluation and assessment system software
9. Operating, planning and transaction
scheduling software
10. Reliability applications
11. Market application software
384 Communication Equipment.
This account shall include the cost of
communication equipment owned and
used to acquire or share data and information used to control and dispatch
the system.
ITEMS
1. Fiber optic cable
2. Remote terminal units
3. Microwave towers
4. Global Positioning System (GPS) equipment
5. Servers
6. Workstations
7. Telephones
385
Miscellaneous Regional Transmission and Market Operation
Plant.
This account shall include the cost of
regional transmission and market operation plant and equipment not provided for elsewhere,
386 Asset Retirement Costs for Regional Transmission and Market
Operation Plant.
This account shall include asset retirement costs on regional control and
market operation plant and equipment.
389 Land and land rights.
This account shall include the cost of
land and land rights used for utility
purposes, the cost of which is not properly includible in other land and land
rights accounts. (See electric plant instruction 7.)
390 Structures and improvements.
This account shall include the cost in
place of structures and improvements
used for utility purposes, the cost of
which is not properly includible in
443
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other structures and improvements accounts (See electric plant instruction
8.)
391 Office furniture and equipment.
This account shall include the cost of
office furniture and equipment owned
by the utility and devoted to utility
service, and not permanently attached
to buildings, except the cost of such
furniture and equipment which the
utility elects to assign to other plant
accounts on a functional basis.
ITEMS
1. Bookcases and shelves.
2. Desks, chairs, and desk equipment.
3. Drafting-room equipment.
4. Filing, storage, and other cabinets.
5. Floor covering.
6. Library and library equipment.
7. Mechanical office equipment, such as accounting machines, typewriters, etc.
8. Safes.
9. Tables.
392 Transportation equipment.
This account shall include the cost of
transportation vehicles used for utility
purposes.
ITEMS
1.
2.
3.
4.
5.
6.
7.
8.
9.
Airplanes.
Automobiles.
Bicycles.
Electrical vehicles.
Motor trucks.
Motorcycles.
Repair cars or trucks.
Tractors and trailers.
Other transportation vehicles.
393 Stores equipment.
This account shall include the cost of
equipment used for the receiving, shipping, handling, and storage of materials and supplies.
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ITEMS
1. Chain falls.
2. Counters.
3. Cranes (portable).
4. Elevating and stacking equipment (portable).
5. Hoists.
6. Lockers.
7. Scales.
8. Shelving.
9. Storage bins.
10. Trucks, hand and power driven.
11. Wheelbarrows.
394 Tools, shop and garage equipment.
This account shall include the cost of
tools, implements, and equipment used
in construction, repair work, general
shops and garages and not specifically
provided for or includible in other accounts.
ITEMS
1. Air compressors.
2. Anvils.
3. Automobile repair shop equipment.
4. Battery charging equipment.
5. Belts, shafts and countershafts.
6. Boilers.
7. Cable pulling equipment.
8. Concrete mixers.
9. Drill presses.
10. Derricks.
11. Electric equipment.
12. Engines.
13. Forges.
14. Furnaces.
15. Foundations and settings specially constructed for and not expected to outlast the
equipment for which provided.
16. Gas producers.
17. Gasoline pumps, oil pumps and storage
tanks.
18. Greasing tools and equipment.
19. Hoists.
20. Ladders.
21. Lathes.
22. Machine tools.
23. Motor-driven tools.
24. Motors.
25. Pipe threading and cutting tools
26. Pneumatic tools.
27. Pumps.
28. Riveters.
29. Smithing equipment.
30. Tool racks.
31. Vises.
32. Welding apparatus.
33. Work benches.
395 Laboratory equipment.
This account shall include the cost
installed of laboratory equipment used
for general laboratory purposes and not
specifically provided for or includible
in other departmental or functional
plant accounts.
ITEMS
1.
2.
3.
4.
5.
6.
7.
8.
9.
Ammeters.
Current batteries.
Frequency changers.
Galvanometers.
Inductometers.
Laboratory standard millivolt meters.
Laboratory standard volt meters.
Meter-testing equipment.
Millivolt meters.
444
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10. Motor generator sets.
11. Panels.
12. Phantom loads.
13. Portable graphic ammeters, voltmeters,
and wattmeters.
14. Portable loading devices.
15. Potential batteries.
16. Potentiometers.
17. Rotating standards.
18. Standard cell, reactance, resistor, and
shunt.
19. Switchboards.
20. Synchronous timers.
21. Testing panels.
22. Testing resistors.
23. Transformers.
24. Voltmeters.
25. Other testing, laboratory, or research
equipment not provided for elsewhere.
396 Power operated equipment.
This account shall include the cost of
power operated equipment used in construction or repair work exclusive of
equipment includible in other accounts. Include, also, the tools and accessories acquired for use with such
equipment and the vehicle on which
such equipment is mounted.
Pt. 101
8. Insulators.
9. Intercommunicating sets.
10. Loading coils.
11. Operators’ desks.
12. Poles and fixtures used wholly for telephone or telegraph wire.
13. Radio transmitting and receiving sets.
14. Remote control equipment and lines.
15. Sending keys.
16. Storage batteries
17. Switchboards.
18. Telautograph circuit connections.
19. Telegraph receiving sets.
20. Telephone and telegraph circuits.
21. Testing instruments.
22. Towers.
23. Underground conduit used wholly for
telephone or telegraph wires and cable wires.
398 Miscellaneous equipment.
This account shall include the cost of
equipment, apparatus, etc., used in the
utility operations, which is not includible in any other account of this system of accounts.
ITEMS
1.
2.
3.
4.
5.
6.
7.
8.
ITEMS
1. Air compressors, including driving unit
and vehicle.
2. Back filling machines.
3. Boring machines.
4. Bulldozers.
5. Cranes and hoists.
6. Diggers.
7. Engines.
8. Pile drivers.
9. Pipe cleaning machines.
10. Pipe coating or wrapping machines.
11. Tractors—Crawler type.
12. Trenchers.
13. Other power operated equipment.
NOTE: It is intended that this account include only such large units as are generally
self-propelled or mounted on movable equipment.
397 Communication equipment.
This account shall include the cost
installed of telephone, telegraph, and
wireless equipment for general use in
connection with utility operations.
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NOTE: Miscellaneous equipment of the nature indicated above wherever practicable
shall be included in the utility plant accounts on a functional basis.
399 Other tangible property.
This account shall include the cost of
tangible utility plant not provided for
elsewhere.
399.1 Asset retirement costs for general plant.
This account shall include asset retirement costs on plant included in the
general plant function.
Income Chart of Accounts
1. UTILITY OPERATING INCOME
400
401
402
403
404
Operating revenues.
Operation expense.
Maintenance expense.
Depreciation expense.
Amortization of limited-term electric
plant.
405 Amortization of other electric plant.
406 Amortization of electric plant acquisition adjustments.
ITEMS
1.
2.
3.
4.
5.
6.
7.
Hospital and infirmary equipment.
Kitchen equipment.
Employees’ recreation equipment.
Radios.
Restaurant equipment.
Soda fountains.
Operators’ cottage furnishings.
Other miscellaneous equipment.
Antennae.
Booths.
Cables.
Distributing boards.
Extension cords.
Gongs
Hand sets, manual and dial.
445
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18 CFR Ch. I (4–1–12 Edition)
407 Amortization of property losses, unrecovered plant and regulatory study costs.
407.3 Regulatory debits.
407.4 Regulatory credits.
408 [Reserved]
408.1 Taxes other than income taxes, utility
operating income.
409 [Reserved]
409.1 Income taxes, utility operating income.
410 [Reserved]
410.1 Provisions for deferred income taxes,
utility operating income.
411 [Reserved]
411.1 Provision for deferred income taxes—
Credit, utility operating income.
411.3 [Reserved]
411.4 Investment tax credit adjustments,
utility operations.
411.6 Gains from disposition of utility plant.
411.7 Losses from disposition of utility plant.
411.8 Gains from disposition of allowances.
411.9 Losses from disposition of allowances.
412 Revenues from electric plant leased to
others.
413 Expenses of electric plant leased to others.
414 Other utility operating income.
2. OTHER INCOME AND DEDUCTIONS
409.3 Income taxes, extraordinary items.
410.2 Provision for deferred income taxes,
other income and deductions.
411.2 Provision for deferred income taxes—
Credit, other income and deductions.
411.5 Investment tax credit adjustments,
nonutility operations.
420 Investment tax credits.
Total taxes on other income and deductions.
Net other income and deductions.
3. INTEREST CHARGES
427 Interest on long-term debt.
428 Amortization of debt discount and expense.
428.1 Amortization of loss on reacquired debt.
429 Amortization of premium on debt-Cr.
429.1 Amortization of gain on reacquired
debt—Credit.
430 Interest on debt to associated companies.
431 Other interest expense.
432 Allowance for borrowed funds used during
construction—Credit.
4. EXTRAORDINARY ITEMS
434 Extraordinary income.
435 Extraordinary deductions.
A. OTHER INCOME
Income Accounts
415 Revenues from merchandising, jobbing,
and contract work.
416 Costs and expenses of merchandising, jobbing, and contract work.
417 Revenues from nonutility operations.
417.1 Expenses of nonutility operations.
418 Nonoperating rental income.
418.1 Equity in earnings of subsidiary companies (Major only).
419 Interest and dividend income.
419.1 Allowance for other funds used during
construction.
420 Investment tax credits.
421 Miscellaneous nonoperating income.
421.1 Gain on disposition of property.
B. OTHER INCOME DEDUCTIONS
421.2 Loss on disposition of property.
425 Miscellaneous amortization.
426 [Reserved]
426.1 Donations.
426.2 Life insurance.
426.3 Penalties.
426.4 Expenditures for certain civic, political
and related activities.
426.5 Other deductions.
Total other income deductions.
Total Other Income and Deductions.
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C. TAXES APPLICABLE TO OTHER INCOME AND
DEDUCTIONS
408.2 Taxes other than income taxes, other
income and deductions.
409.2 Income tax, other income and deductions.
400 Operating revenues.
There shall be shown under this caption the total amount included in the
electric operating revenue accounts
provided herein.
401 Operation expense.
There shall be shown under this caption the total amount included in the
electric operation expense accounts
provided herein. (See note to operating
expense instruction 3.)
402 Maintenance expense.
There shall be shown under this caption the total amount included in the
electric maintenance expense accounts
provided herein.
403 Depreciation expense.
A. This account shall include the
amount of depreciation expense for all
classes of depreciable electric plant in
service except such depreciation expense as is chargeable to clearing accounts or to account 416, Costs and Expenses of Merchandising, Jobbing and
Contract Work.
B. The utility shall keep such records
of property and property retirements
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Federal Energy Regulatory Commission
as will reflect the service life of property which has been retired and aid in
estimating probable service life by
mortality, turnover, or other appropriate methods; and also such records
as will reflect the percentage of salvage and costs of removal for property
retired from each account, or subdivision thereof, for depreciable electric
plant.
NOTE A: Depreciation expense applicable to
property included in account 104, Electric
Plant Leased to Others, shall be charged to
account 413, Expenses of Electric Plant
Leased to Others.
NOTE B: Depreciation expenses applicable
to transportation equipment, shop equipment, tools, work equipment, power operated
equipment and other general equipment may
be charged to clearing accounts as necessary
in order to obtain a proper distribution of expenses between construction and operation.
NOTE C: Depreciation expense applicable to
transportation equipment used for transportation of fuel from the point of acquisition
to the unloading point shall be charged to
Account 151, Fuel Stock.
403.1 Depreciation expense for asset
retirement costs.
This account shall include the depreciation expense for asset retirement
costs included in electric utility plant
in service.
404 Amortization of limited-term electric plant.
This account shall include amortization charges applicable to amounts included in the electric plant accounts
for limited-term franchises, licenses,
patent rights, limited-term interests in
land, and expenditures on leased property where the service life of the improvements is terminable by action of
the lease. The charges to this account
shall be such as to distribute the book
cost of each investment as evenly as
may be over the period of its benefit to
the utility.
(See account 111, Accumulated Provision for Amortization of Electric Utility Plant.)
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405
Amortization of other electric
plant.
A. When authorized by the Commission, this account shall include charges
for amortization of intangible or other
electric utility plant which does not
Pt. 101
have a definite or terminable life and
which is not subject to charges for depreciation expense.
B. This account shall be supported in
such detail as to show the amortization
applicable to each investment being
amortized, together with the book cost
of the investment and the period over
which it is being written off.
406 Amortization of electric plant acquisition adjustments.
This account shall be debited or credited, as the case may be, with amounts
includible in operating expenses, pursuant to approval or order of the Commission, for the purpose of providing
for the extinguishment of the amount
in account 114, Electric Plant Acquisition Adjustments.
407 Amortization of property losses, unrecovered plant and regulatory
study costs.
This account shall be charged with
amounts credited to account 182.1, Extraordinary Property Losses, and account 182.2, Unrecovered Plant and
Regulatory Study Costs, when the
Commission has authorized the amount
in the latter account to be amortized
by charges to electric operations.
407.3 Regulatory debits.
This account shall be debited, when
appropriate, with the amounts credited
to Account 254, Other Regulatory Liabilities, to record regulatory liabilities imposed on the utility by the
ratemaking actions of regulatory agencies. This account shall also be debited,
when appropriate, with the amounts
credited to Account 182.3, Other Regulatory Assets, concurrent with the recovery of such amounts in rates.
407.4 Regulatory credits.
This account shall be credited, when
appropriate, with the amounts debited
to Account 182.3, Other Regulatory Assets, to establish regulatory assets.
This account shall also be credited,
when appropriate, with the amounts
debited to Account 254, Other Regulatory Liabilities, concurrent with the
return of such amounts to customers
through rates.
447
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18 CFR Ch. I (4–1–12 Edition)
408 [Reserved]
SPECIAL INSTRUCTIONS, ACCOUNTS
408.1 AND
408.2
A. These accounts shall include the
amounts of ad valorem, gross revenue or
gross receipts taxes, state unemployment insurance, franchise taxes, Federal excise
taxes, social security taxes, and all other
taxes assessed by Federal, state, county, municipal, or other local governmental authorities, except income taxes.
B. These accounts shall be charged in each
accounting period with the amounts of taxes
which are applicable thereto, with concurrent credits to account 236, Taxes Accrued,
or account 165, Prepayments, as appropriate.
When it is not possible to determine the
exact amounts of taxes, the amounts shall be
estimated and adjustments made in current
accruals as the actual tax levies become
known.
C. The charges to these accounts shall be
made or supported so as to show the amount
of each tax and the basis upon which each
charge is made. In the case of a utility rendering more than one utility service, taxes of
the kind includible in these accounts shall be
assigned directly to the utility department
the operation of which gave rise to the tax in
so far as practicable. Where the tax is not attributable to a specific utility department, it
shall be distributed among the utility departments or nonutility operations on an equitable basis after appropriate study to determine such basis.
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NOTE 1: Special assessments for street and
similar improvements shall be included in
the appropriate utility plant or nonutility
property account.
NOTE 2: Taxes specifically applicable to
construction shall be included in the cost of
construction.
NOTE 3: Gasoline and other sales taxes
shall be charged as far as practicable to the
same account as the materials on which the
tax is levied.
NOTE 4: Social security and other forms of
so-called payroll taxes shall be distributed to
utility departments and to nonutility functions on a basis related to payroll. Amounts
applicable to construction shall be charged
to the appropriate plant account.
NOTE 5: Interest on tax refunds or deficiencies shall not be included in these accounts but in account 419, Interest and Dividend Income, or 431, Other Interest Expense,
as appropriate.
408.1 Taxes other than income taxes,
utility operating income.
This account shall include those
taxes other than income taxes which
relate to utility operating income. This
account shall be maintained so as to
allow ready identification of the various classes of taxes relating to Utility
Operating Income (by department),
Utility Plant Leased to Others and
Other Utility Operating Income.
408.2 Taxes other than income taxes,
other income and deductions.
This account shall include those
taxes other than income taxes which
relate to Other Income and Deductions.
409 [Reserved]
SPECIAL INSTRUCTIONS, ACCOUNTS
AND 409.3.
409.1, 409.2,
A. These accounts shall include the
amounts of local, state and Federal income
taxes on income properly accruable during
the period covered by the income statement
to meet the actual liability for such taxes.
Concurrent credits for the tax accruals shall
be made to account 236, Taxes Accrued, and
as the exact amounts of taxes become
known, the current tax accruals shall be adjusted by charges or credits to these accounts, so that these accounts as nearly as
can be ascertained shall include the actual
taxes payable by the utility.
B. The accruals for income taxes shall be
apportioned among utility departments and
to Other Income and Deductions so that, as
nearly as practicable, each tax shall be included in the expenses of the utility department or Other Income and Deductions, the
income from which gave rise to the tax. The
tax effects relating to Interest Charges shall
be allocated between utility and nonutility
operations. The basis for this allocation
shall be the ratio of net investment in utility plant to net investment in nonutility
plant.
NOTE 1: Taxes assumed by the utility on interest shall be charged to account 431, Other
Interest Expense.
NOTE 2: Interest on tax refunds or deficiencies shall not be included in these accounts but in account 419, Interest and Dividend Income, or account 431, Other Interest
Expense, as appropriate.
409.1 Income taxes, utility operating income.
This account shall include the
amount of those local, state and Federal income taxes which relate to utility operating income. This account
shall be maintained so as to allow
ready identification of tax effects (both
positive and negative) relating to Utility Operating Income (by department),
Utility Plant Leased to Others and
Other Utility Operating Income.
448
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Federal Energy Regulatory Commission
409.2 Income taxes, other income and
deductions.
This account shall include the
amount of those local, state and Federal income taxes (both positive and
negative), which relate to Other Income and Deductions.
409.3 Income
items.
taxes,
extraordinary
This account shall include the
amount of those local, state and Federal income taxes (both positive and
negative), which relate to Extraordinary Items.
410 [Reserved]
SPECIAL INSTRUCTIONS, ACCOUNTS
411.1, AND 411.2.
410.1, 410.2,
A. Accounts 410.1 and 410.2 shall be debited,
and Accumulated Deferred Income Taxes
shall be credited, with amounts equal to any
current deferrals of taxes on income or any
allocations of deferred taxes originating in
prior periods, as provided by the texts of accounts 190, 281, 282, and 283. There shall not
be netted against entries required to be made
to these accounts any credit amounts appropriately includible in account 411.1 or 411.2.
B. Accounts 411.1 and 411.2 shall be credited, and Accumulated Deferred Income
Taxes shall be debited, with amounts equal
to any allocations of deferred taxes originating in prior periods or any current deferrals of taxes on income, as provided by the
texts of accounts 190, 281, 282, and 283. There
shall not be netted against entries required
to be made to these accounts any debit
amounts appropriately includible in account
410.1 or 410.2.
410.1 Provision for deferred income
taxes, utility operating income.
This account shall include the
amounts of those deferrals of taxes and
allocations of deferred taxes which relate to Utility Operating Income (by
department).
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410.2 Provision for deferred income
taxes, other income and deductions.
This account shall include the
amounts of those deferrals of taxes and
allocations of deferred taxes which relate to Other Income and Deductions.
Pt. 101
411 [Reserved]
411.1 Provision for deferred income
taxes—Credit, utility operating income.
This account shall include the
amounts of those allocations of deferred taxes and deferrals of taxes,
credit, which relate to Utility Operating Income (by department).
411.2 Provision for deferred income
taxes—Credit, other income and deductions.
This account shall include the
amounts of those allocations of deferred taxes and deferrals of taxes,
credit, which relate to Other Income
and Deductions.
411.3 [Reserved]
SPECIAL INSTRUCTIONS—ACCOUNTS
411.4 AND
411.5
A. Account 411.4 shall be debited with the
amounts of investment tax credits related to
electric utility property that are credited to
account 255, Accumulated Deferred Investment Tax Credits, by companies which do
not apply the entire amount of the benefits
of the investment credit as a reduction of
the overall income tax expense in the year in
which such credit is realized (see account
255).
B. Account 411.4 shall be credited with the
amounts debited to account 255 for proportionate amounts of tax credit deferrals allocated over the average useful life of electric
utility property to which the tax credits relate or such lesser period of time as may be
adopted and consistently followed by the
company.
C. Account 411.5 shall also be debited and
credited as directed in paragraphs A and B,
for investment tax credits related to nonutility property.
411.4 Investment tax credit
ments, utility operations.
This account shall include the
amount of those investment tax credit
adjustments related to property used
in Utility Operations (by department).
411.5 Investment tax credit adjustments, nonutility operations.
This account shall include the
amount of those investment tax credit
adjustments related to property used
in Nonutility Operations.
449
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18 CFR Ch. I (4–1–12 Edition)
411.6 Gains from disposition of utility
plant.
A. This account shall include, as approved by the Commission, amounts relating to gains from the disposition of
future use utility plant including
amounts which were previously recorded in and transferred from account
105, Electric Plant Held for Future Use,
under the provisions of paragraphs B,
C, and D thereof. Income taxes relating
to gains recorded in this account shall
be recorded in account 409.1, Income
Taxes, Utility Operating Income.
B. The utility shall record in this account gains resulting from the settlement of asset retirement obligations
related to utility plant in accordance
with the accounting prescribed in General Instruction 25.
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411.7 Losses from disposition of utility
plant.
A. This account shall include, as approved by the Commission, amounts relating to losses from the disposition of
future use utility plant including
amounts which were previously recorded in and transferred from account
105, Electric Plant Held for Future Use,
under the provisions of paragraphs B,
C, and D thereof. Income taxes relating
to losses, recorded in this account shall
be recorded in account 409.1, Income
Taxes, Utility Operating Income.
B. The utility shall record in this account losses resulting from the settlement of asset retirement obligations
related to utility plant in accordance
with the accounting prescribed in General Instruction 25.
tion No. 21. Income taxes relating to
losses recorded in this account shall be
recorded in Account 409.1, Income
Taxes, Utility Operating Income.
411.10
Accretion expense.
This account shall be charged for accretion expense on the liabilities associated with asset retirement obligations included in account 230, Asset retirement obligations, related to electric utility plant.
412 Revenues from electric plant leased
to others.
413 Expenses of electric plant leased to
others.
A. These accounts shall include respectively, revenues from electric property constituting a distinct operating
unit or system leased by the utility to
others, and which property is properly
includible in account 104, Electric
Plant Leased to Others, and the expenses attributable to such property.
B. The detail of expenses shall be
kept or supported so as to show separately the following:
Operation.
Maintenance.
Depreciation.
Amortization.
NOTE: Related taxes shall be recorded in
account 408.1, Taxes Other Than Income
Taxes, Utility Operating Income, or account
409.1, Income Taxes, Utility Operating Income, as appropriate.
414 Other utility operating income.
411.8 Gains from disposition of allowances.
This account shall be credited with
the gain on the sale, exchange, or other
disposition of allowances in accordance
with paragraph (H) of General Instruction No. 21. Income taxes relating to
gains recorded in this account shall be
recorded in Account 409.1, Income
Taxes, Utility Operating Income.
A. This account shall include the revenues received and expenses incurred in
connection with the operations of utility plant, the book cost of which is included in account 118, Other Utility
Plant.
B. The expenses shall include every
element of cost incurred in such operations, including depreciation, rents,
and insurance.
411.9 Losses from disposition of allowances.
This account shall be debited with
the loss on the sale, exchange, or other
disposition of allowances in accordance
with paragraph (H) of General Instruc-
NOTE: Related taxes shall be recorded in
account 408.1, Taxes Other Than Income
Taxes, Utility Operating Income, or account
409.1, Income Taxes, Utility Operating Income, as appropriate.
450
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Federal Energy Regulatory Commission
415 Revenues from merchandising, jobbing and contract work.
416 Costs and expenses of merchandising, jobbing and contract work.
A. These accounts shall include respectively, all revenues derived from
the sale of merchandise and jobbing or
contract work, including any profit or
commission accruing to the utility on
jobbing work performed by it as agent
under contracts whereby it does jobbing work for another for a stipulated
profit or commission, and all expenses
incurred in such activities. Interest related income from installment sales
shall be recorded in Account 419, Interest and Dividend income.
B. Records in support of these accounts shall be so kept as to permit
ready summarization of revenues, costs
and expenses by such major items as
are feasible.
NOTE 1: The classification of revenues,
costs, and expenses of merchandising, jobbing, and contract work as nonoperating,
and thus inclusion in this account, is for accounting purposes. It does not preclude consideration of justification to the contrary for
ratemaking or other purposes.
NOTE 2: Related taxes shall be recorded in
account 408.2, Taxes Other Than Income
Taxes, Other Income and Deductions, or account 409.2, Income Taxes, Other Income and
Deductions, as appropriate.
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ITEMS
Account 415:
1. Revenues from sale of merchandise and
from jobbing and contract work.
2. Discounts and allowances made in settlement of bills for merchandise and jobbing
work.
Account 416:
Labor—
1. Canvassing and demonstrating appliances in homes and other places for the purpose of selling appliances.
2. Demonstrating and selling activities in
sales rooms.
3. Installing appliances on customer premises where such work is done only for purchasers of appliances from the utility.
4. Installing wiring, piping, or other property work, on a jobbing or contract basis.
5. Preparing advertising materials for appliance sales purposes.
6. Receiving and handling customer orders
for merchandise or for jobbing services.
7. Cleaning and tidying sales rooms.
8. Maintaining display counters and other
equipment used in merchandising.
Pt. 101
9. Arranging merchandise in sales rooms
and decorating display windows.
10. Reconditioning repossessed appliances.
11. Bookkeeping and other clerical work in
connection with merchandise and jobbing activities.
12. Supervising merchandise and jobbing
operations.
Materials and expenses—
13. Advertising in newspapers, periodicals,
radio, television, etc.
14. Cost of merchandise sold and of materials used in jobbing work.
15. Stores expenses on merchandise and
jobbing stocks.
16. Fees and expenses of advertising and
commercial artists’ agencies.
17. Printing booklets, dodgers, and other
advertising data.
18. Premiums given as inducement to buy
appliances.
19. Light, heat and power.
20. Depreciation on equipment used primarily for merchandise and jobbing operations.
21. Rent of sales rooms or of equipment.
22. Transportation expense in delivery and
pick-up of appliances by utility’s facilities or
by others.
23. Stationery and office supplies and expenses.
24. Losses from uncollectible merchandise
and jobbing accounts.
417 Revenues from nonutility operations.
417.1 Expenses of nonutility operations.
A. These accounts shall include revenues and expenses applicable to operations which are nonutility in character but nevertheless constitute a distinct operating activity of the enterprise as a whole, such as the operation
of an ice department where applicable
statutes do not define such operation
as a utility, or the operation of a servicing organization for furnishing supervision, management, engineering, and
similar services to others.
B. The expenses shall include all elements of costs incurred in such operations, and the accounts shall be maintained so as to permit ready summarization as follows:
Operation.
Maintenance.
Rents.
Depreciation.
Amortization.
NOTE: Related taxes shall be recorded in
account 408.2, Taxes Other Than Income
451
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18 CFR Ch. I (4–1–12 Edition)
Taxes, Other Income and Deductions, or account 409.2, Income Taxes, Other Income and
Deductions, as appropriate.
418 Nonoperating rental income.
A. This account shall include all rent
revenues and related expenses of land,
buildings, or other property included in
account 121, Nonutility Property,
which is not used in operations covered
by account 417 or 417.1.
B. The expenses shall include all elements of costs incurred in the ownership and rental of property and the accounts shall be maintained so as to
permit ready summarization as follows:
Operation.
Maintenance.
Rents.
Depreciation.
Amortization.
NOTE: Related taxes shall be recorded in
account 408.2. Taxes Other Than Income
Taxes, Other Income and Deductions, or account 409.2, Income Taxes, Other Income and
Deductions, as appropriate.
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418.1 Equity in earnings of subsidiary
companies (Major only).
This account shall include the utility’s equity in the earnings or losses of
subsidiary companies for the year.
419 Interest and dividend income.
A. This account shall include interest
revenues on securities, loans, notes, advances, special deposits, tax refunds
and all other interest-bearing assets,
and dividends on stocks of other companies, whether the securities on which
the interest and dividends are received
are carried as investments or included
in sinking or other special fund accounts.
B. This account may include the pro
rata amount necessary to extinguish
(during the interval between the date
of acquisition and the date of maturity) the difference between the cost to
the utility and the face value of interest-bearing securities. Amounts thus
credited or charged shall be concurrently included in the accounts in
which the securities are carried.
C. Where significant in amount, expenses, excluding operating taxes and
income taxes, applicable to security investments and to interest and dividend
revenues thereon shall be charged hereto.
NOTE 1: Related taxes shall be recorded in
account 408.2, Taxes Other Than Income
Taxes, Other Income and Deductions, or account 409.2, Income Taxes, Other Income and
Deductions, as appropriate.
NOTE 2: Interest accrued, the payment of
which is not reasonably assured, dividends
receivable which have not been declared or
guaranteed, and interest or dividends upon
reacquired securities issued or assumed by
the utility shall not be credited to this account.
419.1 Allowance for other funds used
during construction.
This account shall include concurrent credits for allowance for other
funds used during construction, not to
exceed amounts computed in accordance with the formula prescribed in
Electric Plant Instruction 3(17).
420 Investment tax credits.
This account shall be credited as follows with investment tax credit
amounts not passed on to customers:
A. By amounts equal to debits to accounts 411.4, Investment Tax Credit
Adjustments, Utility Operations, and
411.5, Investment Tax Credit Adjustments, Nonutility Operations, for investment tax credits used in calculating income taxes for the year when
the company’s accounting provides for
nondeferral of all or a portion of such
credits; and,
B. By amounts equal to debits to account 255, Accumulated deferred investment tax credits, for proportionate
amounts of tax credit deferrals allocated over the average useful life of the
property to which the tax credits relate, or such lesser period of time as
may be adopted and consistently used
by the company.
421
Miscellaneous
come.
nonoperating
This account shall include all revenue and expense items except taxes
properly includible in the income account and not provided for elsewhere.
Related taxes shall be recorded in account 408.2, Taxes Other Than Income
Taxes, Other Income and Deductions,
or account 409.2, Income Taxes, Other
Income and Deductions, as appropriate.
452
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Federal Energy Regulatory Commission
ITEMS
1. Profit on sale of timber. (See electric
plant instruction 7C.)
2. Profits from operations of others realized by the utility under contracts.
3. Gains on disposition of investments.
Also, gains on reacquisition and resale or retirement of utilities debt securities when the
gain is not amortized and used by a jurisdictional regulatory agency to reduce embedded
debt cost in establishing rates. See General
Instruction 17.
4. This account shall include the accretion
expense on the liability for an asset retirement obligation included in account 230,
Asset retirement obligations, related to nonutility plant.
5. This account shall include the depreciation expense for asset retirement costs related to nonutility plant.
6. The utility shall record in this account
gains resulting from the settlement of asset
retirement obligations related to nonutility
plant in accordance with the accounting prescribed in General Instruction 25.
421.1 Gain on disposition of property.
This account shall be credited with
the gain on the sale, conveyance, exchange, or transfer of utility or other
property to another. Amounts relating
to gains on land and land rights held
for future use recorded in account 105,
Electric Plant Held for Future Use will
be accounted for as prescribed in paragraphs B, C, and D thereof. (See electric plant instructions 5F, 7E, and 10E.)
Income taxes on gains recorded in this
account shall be recorded in account
409.2, Income Taxes, Other Income and
Deductions.
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421.2 Loss on disposition of property.
This account shall be charged with
the loss on the sale, conveyance, exchange or transfer of utility or other
property to another. Amounts relating
to losses on land and land rights held
for future use recorded in account 105,
Electric Plant Held for Future Use will
be accounted for as prescribed in paragraphs B, C, and D thereof. (See electric plant instructions 5F, 7E, and 10E.)
The reduction in income taxes relating
to losses recorded in this account shall
be recorded in account 409.2, Income
Taxes, Other Income and Deductions.
425 Miscellaneous amortization.
This account shall include amortization charges not includible in other ac-
Pt. 101
counts which are properly deductible in
determining the income of the utility
before interest charges. Charges includible herein, if significant in amount,
must be in accordance with an orderly
and systematic amortization program.
ITEMS
1. Amortization of utility plant acquisition
adjustments, or of intangibles included in
utility plant in service when not authorized
to be included in utility operating expenses
by the Commission.
2.
Other
miscellaneous
amortization
charges allowed to be included in this account by the Commission.
426 [Reserved]
SPECIAL INSTRUCTIONS—ACCOUNTS
426.2, 426.3, 426.4 AND 426.5
These accounts shall include miscellaneous
expense items which are nonoperating in nature but which are properly deductible before
determining total income before interest
charges.
NOTE: The classification of expenses as
nonoperating and their inclusion in these accounts is for accounting purposes. It does
not preclude Commission consideration of
proof to the contrary for ratemaking or
other purposes.
426.1 Donations.
This account shall include all payments or donations for charitable, social or community welfare purposes.
426.2 Life insurance.
This account shall include all payments for life insurance of officers and
employees where company is beneficiary (net premiums less increase in
cash surrender value of policies).
426.3 Penalties.
This account shall include payments
by the company for penalties or fines
for violation of any regulatory statutes
by the company or its officials.
426.4 Expenditures for certain civic, political and related activities.
This account shall include expenditures for the purpose of influencing
public opinion with respect to the election or appointment of public officials,
referenda, legislation, or ordinances
(either with respect to the possible
adoption of new referenda, legislation
453
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
or ordinances or repeal or modification
of existing referenda, legislation or ordinances) or approval, modification, or
revocation of franchises; or for the purpose of influencing the decisions of
public officials, but shall not include
such expenditures which are directly
related to appearances before regulatory or other governmental bodies in
connection with the reporting utility’s
existing or proposed operations.
426.5 Other deductions.
This account shall include other miscellaneous expenses which are nonoperating in nature, but which are properly deductible before determining
total income before interest charges.
ITEMS
1. Loss relating to investments in securities written-off or written-down.
2. Loss on sale of investments.
3. Loss on reacquisition, resale or retirement of utility’s debt securities, when the
loss is not amortized and used by a jurisdictional regulatory agency to increase embedded debt cost in establishing rates. See General Instruction 17.
4. Preliminary survey and investigation expenses related to abandoned projects, when
not written-off to the appropriate operating
expense account.
5. Costs of preliminary abandonment costs
recorded in accounts 182.1, Extraordinary
Property Losses, and 182.2, Unrecovered
Plant and Regulatory Study Costs, not allowed to be amortized to account 407, Amortization of Property Losses, Unrecovered
Plant and Regulatory Study Costs.
6. The utility shall record in this account
losses resulting from the settlement of asset
retirement obligations related to nonutility
plant in accordance with the accounting prescribed in General Instruction 25.
428 Amortization of debt discount and
expense.
A. This account shall include the amortization of unamortized debt discount and expense on outstanding longterm debt. Amounts charged to this account shall be credited concurrently to
accounts 181, Unamortized Debt Expense, and 226, Unamortized Discount
on Long-Term Debt—Debit.
B. This account shall be so kept or
supported as to show the debt discount
and expense on each class and series of
long-term debt.
428.1 Amortization of loss on reacquired debt.
A. This account shall include the amortization of the losses on reacquisition of debt. Amounts charged to this
account shall be credited concurrently
to account 189, Unamortized Loss on
Reacquired Debt.
B. This account shall be maintained
so as to allow ready identification of
the loss amortized applicable to each
class and series of long-term debt reacquired. See General Instruction 17.
429 Amortization of premium on debt—
Cr.
A. This account shall include the amortization of unamortized net premium
on
outstanding
long-term
debt.
Amounts credited to this account shall
be charged concurrently to account 225,
Unamortized Premium on Long-Term
Debt.
B. This account shall be so kept or
supported as to show the premium on
each class and series of long-term debt.
427 Interest on long-term debt.
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A. This account shall include the
amount of interest on outstanding
long-term debt issued or assumed by
the utility, the liability for which is included in account 221, Bonds, or account 224, Other Long-Term Debt.
B. This account shall be so kept or
supported as to show the interest accruals on each class and series of longterm debt.
NOTE: This account shall not include interest on nominally issued or nominally outstanding long-term debt, including securities
assumed.
429.1 Amortization of gain on reacquired debt—Credit.
A. This account shall include the amortization of the gains realized from reacquisition of debt. Amounts credited
to this account shall be charged concurrently to account 257, Unamortized
Gain on Reacquired Debt.
B. This account shall be maintained
so as to allow ready identification of
the gains amortized applicable to each
class and series of long-term debt reacquired. See General Instruction 17.
454
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Federal Energy Regulatory Commission
430 Interest on debt to associated companies.
A. This account shall include the interest accrued on amounts included in
account 223, Advances from Associated
Companies, and on all other obligations to associated companies.
B. The records supporting the entries
to this account shall be so kept as to
show to whom the interest is to be
paid, the period covered by the accrual,
the rate of interest and the principal
amount of the advances or other obligations on which the interest is accrued.
431 Other interest expense.
This account shall include all interest charges not provided for elsewhere.
ITEMS
1. Interest on notes payable on demand or
maturing one year or less from date and on
open accounts, except notes and accounts
with associated companies.
2. Interest on customers’ deposits.
3. Interest on claims and judgments, tax
assessments, and assessments for public improvements past due.
4. Income and other taxes levied upon
bondholders of utility and assumed by it.
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432 Allowance for borrowed funds used
during construction—Credit.
This account shall include concurrent credits for allowance for borrowed
funds used during construction, not to
exceed amounts computed in accordance with the formula prescribed in
Electric Plant Instruction 3(17).
Pt. 101
reported other than as extraordinary
items. Income tax relating to the
amounts recorded in this account shall
be recorded in account 409.3, Income
Taxes, Extraordinary Items. (See General Instruction 7.)
Retained Earnings Chart of
Accounts
433 Balance transferred from income.
436 Appropriations of retained earnings.
437
Dividends
declared—preferred
stock.
438 Dividends declared—common stock.
439 Adjustments to retained earnings.
Retained Earnings Accounts
433 Balance transferred from income.
This account shall include the net
credit or debit transferred from income
for the year.
436 Appropriations of retained earnings.
This account shall include appropriations of retained earnings.
ITEMS
1. Appropriations required under terms of
mortgages, orders of courts, contracts, or
other agreements.
2. Appropriations required by action of regulatory authorities.
3. Other appropriations made at option of
utility for specific purposes.
434 Extraordinary income.
This account shall be credited with
gains of unusual nature and infrequent
occurrence, which would significantly
distort the current year’s income computed before Extraordinary Items, if
reported other than as extraordinary
items. Income tax relating to the
amounts recorded in this account shall
be recorded in account 409.3, Income
Taxes, Extraordinary Items. (See General Instruction 7.)
437
Dividends
declared—preferred
stock.
A. This account shall include
amounts declared payable out of retained earnings as dividends on actually outstanding preferred or prior lien
capital stock issued by the utility.
B. Dividends shall be segregated for
each class and series of preferred stock
as to those payable in cash, stock, and
other forms. If not payable in cash, the
medium of payment shall be described
with sufficient detail to identify it.
435 Extraordinary deductions.
This account shall be debited with
losses of unusual nature and infrequent
occurrence, which would significantly
distort the current year’s income computed before Extraordinary Items, if
438 Dividends declared—common stock.
A. This account shall include
amounts declared payable out of retained earnings as dividends on actually outstanding common capital stock
issued by the utility.
455
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18 CFR Ch. I (4–1–12 Edition)
B. Dividends shall be segregated for
each class of common stock as to those
payable in cash, stock and other forms.
If not payable in cash, the medium of
payment shall be described with sufficient detail to identify it.
439 Adjustments to retained earnings.
A. This account shall, with prior
Commission approval, include significant nonrecurring transactions accounted for as prior period adjustments, as follows:
(1) Correction of an error in the financial statements of a prior year.
(2) Adjustments that result from realization of income tax benefits of preacquisition
operating
loss
carryforwards of purchased subsidiaries.
All other items of profit and loss recognized during a year shall be included
in the determination of net income for
that year;
B. Adjustments, charges, or credits
due to losses on reacquisition, resale or
retirement of the company’s own capital stock shall be included in this account. (See account 210, Gain on Resale
or Cancellation of Reacquired Capital
Stock, for the treatment of gains.)
Operating Revenue Chart of Accounts
1. SALES OF ELECTRICITY
440 Residential sales.
442 Commercial and industrial sales.
444 Public street and highway lighting.
445 Other sales to public authorities (Major
only).
446 Sales to railroads and railways (Major
only).
447 Sales for resale.
448 Interdepartmental sales.
449 Other sales (Nonmajor only).
449.1 Provision for rate refunds.
erowe on DSK2VPTVN1PROD with CFR
2. OTHER OPERATING REVENUES
450 Forfeited discounts.
451 Miscellaneous service revenues.
453 Sales of water and water power.
454 Rent from electric property.
455 Interdepartmental rents.
456 Other electric revenues.
456.1 Revenues from transmission of electricity of others.
457.1 Regional transmission service revenues.
457.2 Miscellaneous revenues.
Operating Revenue Accounts
440 Residential sales.
A. This account shall include the net
billing for electricity supplied for residential or domestic purposes.
B. Records shall be maintained so
that the quantity of electricity sold
and the revenue received under each
rate schedule shall be readily available.
NOTE: When electricity supplied through a
single meter is used for both residential and
commercial purposes, the total revenue shall
be included in this account, or account 442,
Commercial and Industrial Sales, according
to the rate schedule which is applied. If the
same rate schedules apply to residential as
to commercial and industrial service, classification shall be made according to principal
use.
442 Commercial and industrial sales.
A. This account shall include the net
billing for electricity supplied to customers for commercial and industrial
purposes.
B. Records shall be maintained so
that the quantity of electricity sold
and the revenue received under each
rate schedule shall be readily available. Records shall be maintained also
so as to show separately the revenues
from commercial and industrial customers (1) which have demands generally of 1000 kw or more, and (2) those
which have demands generally less
than 1000 kw. Reasonable deviations
above or below the 1000 kw demand are
permissible in order that transfers of
customers between the two classes during the year may be minimized.
NOTE A: If the utility classifies large commercial and industrial customers and related
revenues on a lesser basis than 1000 kilowatts of demand, or segregates industrial
customers and related revenues according to
a recognized definition of an industrial customer, such classifications are acceptable in
lieu of those otherwise required by the text
of this account on the basis of 1000 kilowatts
of demand.
NOTE B: When electricity supplied through
a single meter is used for both commercial
and residential purposes, the total revenue
shall be included in this account, or in account 440, Residential Sales, according to the
rate schedule which is applied. If the same
rate schedules apply to residential as to
456
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Federal Energy Regulatory Commission
commercial and industrial service, classification shall be made according to the principal use.
444 Public street and highway lighting.
A. This account shall include the net
billing for electricity supplied and
services rendered for the purposes of
lighting streets, highways, parks and
other public places, or for traffic or
other signal system service, for municipalities or other divisions or agencies of state or federal governments.
B. Records shall be maintained so
that the quantity of electricity sold
and the revenue received from each
customer shall be readily available. In
addition, the records shall be maintained so as to show the revenues from
(1) contracts which include both electricity and services, and (2) contracts
which include sales of electricity only.
445 Other sales to public authorities
(Major only).
A. This account shall include the net
billing for electricity supplied to municipalities or divisions or agencies of
federal or state governments, under
special contracts or agreements or
service classifications applicable only
to public authorities, except such revenues as are includible in accounts 444
and 447.
B. Records shall be maintained so as
to show the quantity of electricity sold
and the revenues received from each
customer.
446 Sales to railroads and railways
(Major only).
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A. This account shall include the net
billing for electricity supplied to railroads and interurban and street railways, for general railroad use, including the propulsion of cars or locomotives, where such electricity is supplied under separate and distinct rate
schedules.
B. Records shall be maintained so
that the quantity of electricity sold
and the revenue received from each
customer shall be readily available.
NOTE: Revenues from incidental use of
electricity furnished under a contract for
propulsion of cars or locomotives shall be included herein.
Pt. 101
447 Sales for resale.
A. This account shall include the net
billing for electricity supplied to other
electric utilities or to public authorities for resale purposes.
B. Records shall be maintained so as
to show the quantity of electricity sold
and the revenue received from each
customer.
NOTE: Revenues from electricity supplied
to other public utilities for use by them and
not for distribution, shall be included in account 442, Commercial and Industrial Sales,
unless supplied under the same contract as
and not readily separable from revenues includible in this account.
448 Interdepartmental sales.
A. This account shall include
amounts charged by the electric department at tariff or other specified
rates for electricity supplied by it to
other utility departments.
B. Records shall be maintained so
that the quantity of electricity supplied each other department and the
charges therefor shall be readily available.
449 Other sales (Nonmajor only).
A. This account shall include revenues for electricity supplied which are
not provided for elsewhere.
B. Records shall be maintained so as
to show the quantity of electricity sold
and the revenues received from each
customer.
449.1 Provision for rate refunds.
A. This account shall be charged with
provisions for the estimated pretax effects on net income of the portions of
amounts being collected subject to refund which are estimated to be required to be refunded. Such provisions
shall be credited to Account 229, Accumulated Provision for Rate Refunds.
B. This account shall also be charged
with amounts refunded when such
amounts had not been previously accrued.
C. Income tax effects relating to the
amounts recorded in this account shall
be recorded in account 410.1, Provision
for Deferred Income Taxes, Utility Operating Income, or account 411.1, Provision for Deferred Income Taxes—Credit, Utility Operating Income, as appropriate.
457
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
450 Forfeited discounts.
This account shall include the
amount of discounts forfeited or additional charges imposed because of the
failure of customers to pay their electric bills on or before a specified date.
NOTE: Do not include in this account rents
from property constituting an operating unit
or system. (See account 412, Revenues from
Electric Plant Leased to Others.)
451 Miscellaneous service revenues.
455 Interdepartmental rents.
This account shall include revenues
for all miscellaneous services and
charges billed to customers which are
not specifically provided for in other
accounts.
This account shall include rents credited to the electric department on account of rental charges made against
other departments (gas, water, etc.) of
the utility. In the case of property operated under a definite arrangement to
allocate the costs among the departments using the property, any reimbursement to the electric department
for interest or return and depreciation
and taxes shall be credited to this account.
ITEMS
1. Fees for changing, connecting or disconnecting service.
2. Profit on maintenance of appliances,
wiring, piping or other installations on customers’ premises.
3. Net credit or debit (cost less net salvage
and less payment from customers) on closing
of work orders for plant installed for temporary service of less than one year. (See account 185, Temporary Facilities.)
4. Recovery of expenses in connection with
current diversion cases (billing for the electricity consumed shall be included in the appropriate electric revenue account).
453 Sales of water and water power.
A. This account shall include revenues derived from the sale of water for
irrigation, domestic, industrial or
other uses, or for the development by
others of water power, or for headwater
benefits; also, revenues derived from
furnishing water power for mechanical
purposes when the investment in the
property used in supplying such water
or water power is carried as electric
plant in service.
B. The records for this account shall
be kept in such manner as to permit an
analysis of the rates charged and the
purposes for which the water was used.
454 Rent from electric property.
erowe on DSK2VPTVN1PROD with CFR
taxes or depreciation on the property
shall be credited to this account.
A. This account shall include rents
received for the use by others of land,
buildings, and other property devoted
to electric operations by the utility.
B. When property owned by the utility is operated jointly with others
under a definite arrangement for apportioning the actual expenses among
the parties to the arrangement, any
amount received by the utility for interest or return or in reimbursement of
456 Other electric revenues.
This account shall include revenues
derived from electric operations not includible in any of the foregoing accounts. It shall also include in a separate subaccount revenues received
from operation of fish and wildlife, and
recreation facilities whether operated
by the company or by contract concessionaires, such as revenues from leases,
or rentals of land for cottage, homes,
or campsites.
ITEMS
1. Commission on sale or distribution of
electricity of others when sold under rates
filed by such others.
2. Compensation for minor or incidental
services provided for others such as customer
billing, engineering, etc.
3. Profit or loss on sale of material and
supplies not ordinarily purchased for resale
and not handled through merchandising and
jobbing accounts.
4. Sale of steam, but not including sales
made by a steamheating department or
transfers of steam under joint facility operations.
5. Include in a separate subaccount revenues in payment for rights and/or benefits
received from others which are realized
through research, development, and demonstration ventures. In the event the
amounts received are so large as to distort
revenues for the year in which received (5
percent of net income before application of
the benefit) the amounts shall be credited to
Account 253, Other Deferred Credits, and amortized by credits to this account over a period not to exceed 5 years.
458
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Federal Energy Regulatory Commission
Pt. 101
456.1 Revenues From Transmission of
Electricity of Others.
B. NUCLEAR POWER GENERATION
This account shall include revenues from
transmission of electricity of others over
transmission facilities of the utility.
517 Operation supervision and engineering
(Major only).
518 Nuclear fuel expense (Major only).
519 Coolants and water (Major only).
520 Steam expenses (Major only).
521 Steam from other sources (Major only).
522 Steam transferred—Credit. (Major only).
523 Electric expenses (Major only).
524 Miscellaneous nuclear power expenses
(Major only).
525 Rents (Major only).
Operation
457.1 Regional Transmission Service
Revenues.
This account shall include revenues derived from providing scheduling, system control and dispatching services. Include also in
this account reimbursements for system
planning, standards development, and market monitoring and market compliance activities. Records shall be maintained so as to
show: (1) The services supplied and revenues
received from each customer and (2) the
amounts billed by tariff or specified rates.
457.2 Miscellaneous Revenues.
This account shall include revenues and reimbursements for costs incurred by regional
transmission service providers not provided
for elsewhere. Records shall be maintained
so as to show: (1) The services supplied and
revenues received from each customer, and
(2) the amounts billed by tariff or specified
rates.
Operation and Maintenance Expense
Chart of Accounts
1. POWER PRODUCTION EXPENSES
A. STEAM POWER GENERATION
Operation
500
501
502
503
504
505
506
Operation supervision and engineering.
Fuel.
Steam expenses (Major only).
Steam from other sources.
Steam transferred—Credit.
Electric expenses (Major only).
Miscellaneous steam power expenses
(Major only).
507 Rents.
508
Operation
supplies
and
expenses
(Nonmajor only).
509 Allowances.
Maintenance
528 Maintenance supervision and engineering
(Major only).
529 Maintenance of structures (Major only).
530 Maintenance of reactor plant equipment
(Major only).
531 Maintenance of electric plant (Major
only).
532 Maintenance of miscellaneous nuclear
plant (Major only).
C. HYDRAULIC POWER GENERATION
Operation
535
536
537
538
539
Operation supervision and engineering.
Water for power.
Hydraulic expenses (Major only).
Electric expenses (Major only).
Miscellaneous hydraulic power generation expenses (Major only).
540 Rents.
540.1 Operation supplies and expenses
(Nonmajor only).
Maintenance
541 Maintenance supervision and engineering
(Major only).
542 Maintenance of structures (Major only).
543 Maintenance of reservoirs, dams and waterways (Major only).
544 Maintenance of electric plant (Major
only).
545 Maintenance of miscellaneous hydraulic
plant (Major only).
545.1 Maintenance of hydraulic production
plant (Nonmajor only).
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Maintenance
D. OTHER POWER GENERATION
510 Maintenance supervision and engineering
(Major only).
511 Maintenance of structures (Major only).
512 Maintenance of boiler plant (Major only).
513 Maintenance of electric plant (Major
only).
514 Maintenance of miscellaneous steam
plant (Major only).
515 Maintenance of steam production plant
(Nonmajor only).
Operation
546
547
548
549
Operation supervision and engineering.
Fuel.
Generation expenses (Major only).
Miscellaneous other power generation expenses (Major only).
550 Rents.
550.1 Operation supplies and expenses
(Nonmajor only).
459
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
Maintenance
3. REGIONAL MARKET EXPENSES
551 Maintenance supervision and engineering
(Major only).
552 Maintenance of structures (Major only).
553 Maintenance of generating and electric
plant (Major only).
554 Maintenance of miscellaneous other
power generation plant (Major only).
554.1 Maintenance of other power production
plant (Nonmajor only).
E. OTHER POWER SUPPLY EXPENSES
555 Purchased power.
556 System control and load dispatching
(Major only).
557 Other expenses.
Operation
575.1 Operation Supervision.
575.2 Day-ahead and real-time market administration.
575.3 Transmission rights market administration.
575.4 Capacity market administration.
575.5 Ancillary services market administration.
575.6 Market monitoring and compliance.
575.7 Market facilitation, monitoring and
compliance services.
575.8 Rents.
Maintenance
2. TRANSMISSION EXPENSES
Operation
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560 Operation supervision and engineering.
561.1 Load dispatch—Reliability.
561.2 Load dispatch—Monitor and operate
transmission system.
561.3 Load dispatch—Transmission service
and scheduling.
561.4 Scheduling, system control and dispatch services.
561.5 Reliability planning and standards development.
561.6 Transmission service studies.
561.7 Generation interconnection studies.
561.8 Reliability planning and standards development services.
562 Station expenses (Major only).
563 Overhead line expense (Major only).
564 Underground line expenses (Major only).
565 Transmission of electricity by others
(Major only).
566 Miscellaneous transmission expenses
(Major only).
567 Rents.
567.1 Operation supplies and expenses
(Nonmajor only).
576.1 Maintenance of structures and improvements.
576.2 Maintenance of computer hardware.
576.3 Maintenance of computer software.
576.4 Maintenance of communication equipment.
576.5 Maintenance of miscellaneous market
operation plant.
4. DISTRIBUTION EXPENSES
Operation
580 Operation supervision and engineering.
581 Load dispatching (Major only).
581.1 Line and station expenses (Nonmajor
only).
582 Station expenses (Major only).
583 Overhead line expenses (Major only).
584 Underground line expenses (Major only).
585 Street lighting and signal system expenses.
586 Meter expenses.
587 Customer installations expenses.
588 Miscellaneous distribution expenses.
589 Rents.
Maintenance
Maintenance
568 Maintenance supervision and engineering
(Major only).
569 Maintenance of structures (Major only).
569.1 Maintenance of computer hardware.
569.2 Maintenance of computer software.
569.3 Maintenance of communication equipment.
569.4 Maintenance of miscellaneous regional
transmission plant.
570 Maintenance of station equipment (Major
only).
571 Maintenance of overhead lines (Major
only).
572 Maintenance of underground lines (Major
only).
573 Maintenance of miscellaneous transmission plant (Major only).
574 Maintenance of transmission plant
(Nonmajor only).
590 Maintenance supervision and engineering
(Major only).
591 Maintenance of structures (Major only).
592 Maintenance of station equipment (Major
only).
592.1 Maintenance of structures and equipment (Nonmajor only).
593 Maintenance of overhead lines (Major
only).
594 Maintenance of underground lines (Major
only).
594.1 Maintenance of lines (Nonmajor only).
595 Maintenance of line transformers.
596 Maintenance of street lighting and signal
systems.
597 Maintenance of meters.
598 Maintenance of miscellaneous distribution plant.
460
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Pt. 101
5. CUSTOMER ACCOUNTS EXPENSES
Operation and Maintenance
Expense Accounts
Operation
901 Supervision (Major only).
902 Meter reading expenses.
903 Customer records and collection expenses.
904 Uncollectible accounts.
905 Miscellaneous customer accounts expenses (Major only).
6. CUSTOMER SERVICE AND INFORMATIONAL
EXPENSES
Operation
906 Customer service and informational expenses (Nonmajor only).
907 Supervision (Major only).
908 Customer assistance expenses (Major
only).
909 Informational and instructional advertising expenses (Major only).
910 Miscellaneous customer service and informational expenses (Major only).
7. SALES EXPENSES
Operation
911 Supervision (Major only).
912 Demonstrating and selling expenses
(Major only).
913 Advertising expenses (Major only).
916 Miscellaneous sales expenses (Major
only).
917 Sales expenses (Nonmajor only).
8. ADMINISTRATIVE AND GENERAL EXPENSES
Operation
920 Administrative and general salaries.
921 Office supplies and expenses.
922 Administrative expenses transferred—
Credit.
923 Outside services employed.
924 Property insurance.
925 Injuries and damages.
926 Employee pensions and benefits.
927 Franchise requirements.
928 Regulatory commission expenses.
929 Duplicate charges—Credit.
930.1 General advertising expenses.
930.2 Miscellaneous general expenses.
931 Rents.
933 Transportation expenses (Nonmajor
only).
Maintenance
erowe on DSK2VPTVN1PROD with CFR
935 Maintenance of general plant.
500 Operation supervision and engineering.
A. For Major Utilities, this account
shall include the cost of labor and expenses incurred in the general supervision and direction of the operation of
steam power generating stations. Direct supervision of specific activities,
such as fuel handling, boiler room operations, generator operations, etc., shall
be charged to the appropriate account.
(See operating expense instruction 1.)
B. For Nonmajor Utilities, this account shall include the cost of supervision and labor in the operation of
steam power generating stations.
ITEMS (NONMAJOR ONLY)
Boiler Room Labor:
1. Supervising steam production.
2. Operating fuel conveying, storage,
weighing and processing equipment within
boiler plant.
3. Operating boiler and boiler auxiliary
equipment.
4. Operating boiler feed water purification
and treatment equipment.
5. Operating ash collection and disposal
equipment located inside the plant.
6. Operating boiler plant electrical equipment.
7. Keeping boiler plant log and records and
preparing reports on boiler plant operations.
8. Testing boiler water.
9. Testing, checking, and adjusting meters,
gauges and other instruments in boiler
plant.
10. Cleaning boiler plant equipment when
not incidental to maintenance work.
11. Repacking glands and replacing gauge
classes where the work involved is of a minor
nature and is performed by regular operating
crews. Where the work is of a major character such as that performed on high pressure boilers the item should be considered as
maintenance.
Electric Plant Labor:
12. Supervising electric production.
13. Operating turbines, engines, generators
and exciters.
14. Operating condensers, circulating water
systems and other auxiliary apparatus.
15. Operating generator cooling system.
16. Operating lubrication and oil control
system, including oil purification.
17. Operating switchboards, switch gear
and electric control and protective equipment.
461
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18 CFR Ch. I (4–1–12 Edition)
18. Keeping electric plant log and records
and preparing reports on electric plant operations.
19. Testing, checking and adjusting meters,
gauges, and other instruments, relays, controls and other equipment in electric plant.
20. Cleaning electric plant equipment when
not incidental to maintenance work.
21. Repacking glands and replacing gauge
glasses.
Miscellaneous Labor:
22. General clerical and stenographic work
at plant.
23. Guarding and patrolling plant and yard.
24. Building service.
25. Care of grounds including snow removal, cutting grass, etc.
26. Miscellaneous labor.
501 Fuel.
A. This account shall include the
cost of fuel used in the production of
steam for the generation of electricity,
including expenses in unloading fuel
from the shipping media and handling
thereof up to the point where the fuel
enters the first boiler plant bunker,
hopper, bucket, tank or holder of the
boiler-house structure. Records shall
be maintained to show the quantity,
B.t.u. content and cost of each type of
fuel used.
B. The cost of fuel shall be charged
initially to account 151, Fuel Stock (for
Nonmajor utilities, appropriate fuel accounts carried under account 154, Plant
Materials and Operating Supplies) and
cleared to this account on the basis of
the fuel used. Fuel handling expenses
may be charged to this account as incurred or charged initially to account
152, Fuel Stock Expenses Undistributed
(for Nonmajor utilities, an appropriate
subaccount of account 154, Plant Materials and Operating Supplies). In the
latter event, they shall be cleared to
this account on the basis of the fuel
used. Respective amounts of fuel stock
and fuel stock expenses shall be readily
available.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
Labor:
1. Supervising purchasing and handling of
fuel.
2. All routine fuel analyses.
3. Unloading from shipping facility and
putting in storage.
4. Moving of fuel in storage and transferring fuel from one station to another.
5. Handling from storage or shipping facility to first bunker, hopper, bucket, tank or
holder of boiler-house structure.
6. Operation of mechanical equipment,
such as locomotives, trucks, cars, boats,
barges, cranes, etc.
Materials and Expenses:
7. Operating, maintenance and depreciation expenses and ad valorem taxes on utility-owned transportation equipment used to
transport fuel from the point of acquisition
to the unloading point (Major only).
8. Lease or rental costs of transportation
equipment used to transport fuel from the
point of acquisition to the unloading point
(Major only).
9. Cost of fuel including freight, switching,
demurrage and other transportation charges.
10. Excise taxes, insurance, purchasing
commissions and similar items.
11. Stores expenses to extent applicable to
fuel.
12. Transportation and other expenses in
moving fuel in storage.
13. Tools, lubricants and other supplies.
14. Operating supplies for mechanical
equipment.
15. Residual disposal expenses less any proceeds from sale of residuals.
NOTE: Abnormal fuel handling expenses occasioned by emergency conditions shall be
charged to expense as incurred.
502 Steam expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in production of steam for electric generation. This includes all expenses of handling and preparing fuel
beginning at the point where the fuel
enters the first boiler plant bunker,
hopper, tank or holder of the boilerhouse structure.
ITEMS
Labor:
1. Supervising steam production.
2. Operating fuel conveying, storage weighing and processing equipment within boiler
plant.
3. Operating boiler and boiler auxiliary
equipment.
4. Operating boiler feed water purification
and treatment equipment.
5. Operating ash-collecting and disposal
equipment located inside the plant.
6. Operating boiler plant electrical equipment.
7. Keeping boiler plant log and records and
preparing reports on boiler plant operation.
8. Testing boiler water.
9. Testing, checking, and adjusting meters,
gauges, and other instruments and equipment in boiler plant.
462
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10. Cleaning boiler plant equipment when
not incidental to maintenance work.
11. Repacking glands and replacing gauge
glasses where the work involved is of a
minor nature and is performed by regular operating crews. Where the work is of a major
character, such as that performed on highpressure boilers, the item should be considered as maintenance.
Materials and Expenses:
12. Chemicals and boiler inspection fees.
13. Lubricants.
14. Boiler feed water purchased and pumping supplies.
503 Steam from other sources.
This account shall include the cost of
steam purchased, or transferred from
another department of the utility or
from others under a joint facility operating arrangement, for use in prime
movers devoted to the production of
electricity.
NOTE: The records shall be so kept as to
show separately for each company from
which steam is purchased, the point of delivery, the quantity, the price, and the total
charge. When steam is transferred from another department or from others under a
joint operating arrangement, the utility
shall be prepared to show full details of the
cost of producing such steam, the basis of
the charge to electric generation and the extent and manner of use by each department
or party involved.
erowe on DSK2VPTVN1PROD with CFR
504 Steam transferred—Credit.
A. This account shall include credits
for expenses of producing steam which
are charged to others or to other utility departments under a joint operating arrangement. Include also credits
for steam expenses chargeable to other
electric accounts outside of the steam
generation group. Full details of the
basis of determination of the cost of
steam transferred shall be maintained.
B. If the charges to others or to other
departments of the utility include an
amount for depreciation, taxes and return on the joint steam facilities, such
portion of the charge shall be credited,
in the case of others, to account 454,
Rent from Electric Property, and in
the case of other departments of the
utility, to account 455, Interdepartmental Rents.
505 Electric expenses (Major only).
This account shall include the cost of
labor, materials used and expenses in-
Pt. 101
curred in operating prime movers, generators, and their auxiliary apparatus,
switch gear and other electric equipment to the points where electricity
leaves for conversion for transmission
or distribution.
ITEMS
Labor:
1. Supervising electric production.
2. Operating turbines, engines, generators
and exciters.
3. Operating condensers, circulating water
systems and other auxiliary apparatus.
4. Operating generator cooling system.
5. Operating lubrication and oil control
system, including oil purification.
6. Operating switchboards, switch gear and
electric control and protective equipment.
7. Keeping electric plant log and records
and preparing reports on electric plant operations.
8. Testing, checking and adjusting meters,
gauges, and other instruments, relays, controls and other equipment in the electric
plant.
9. Cleaning electric plant equipment when
not incidental to maintenance work.
10. Repacking glands and replacing gauge
glasses.
Materials and Expenses:
11. Lubricants and control system oils.
12. Generator cooling gases.
13. Circulating water purification supplies.
14. Cooling water purchased.
15. Motor and generator brushes.
506
Miscellaneous steam
penses (Major only).
power
This account shall include the cost of
labor, materials used and expenses incurred which are not specifically provided for or are not readily assignable
to other steam generation operation
expense accounts.
ITEMS
Labor:
1. General clerical and stenographic work.
2. Guarding and patrolling plant and yard.
3. Building service.
4. Care of grounds including snow removal,
cutting grass, etc.
5. Miscellaneous labor.
Materials and Expenses:
6. General operating supplies, such as
tools, gaskets, packing waste, gauge glasses,
hose, indicating lamps, record and report
forms, etc.
7. First-aid supplies and safety equipment.
8. Employees’ service facilities expenses.
9. Building service supplies.
10. Communication service.
463
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11. Miscellaneous office supplies and expenses, printing and stationery.
12. Transportation expenses.
13. Meals, traveling and incidental expenses.
14. Research, development, and demonstration expenses.
507 Rents.
This account shall include all rents
of property of others used, occupied or
operated in connection with steam
power generation. (See operating expense instruction 3.)
508 Operation supplies and expenses
(Nonmajor only).
This account shall include the cost of
materials used and expenses incurred
in the operation of steam power generating stations.
ITEMS
1. Chemicals and boiler inspection fees.
2. Lubricants and control system oils.
3. Boiler feed water purchased and pumping
supplies.
4. Generator cooling gases.
5. Circulating water purification supplies.
6. Cooling water purchased.
7. Motor and generator brushes.
8. General operating supplies, such as
tools, gaskets, packing waste, gauge glasses,
hose, indicating lamps, record and report
forms, etc.
9. First-aid supplies and safety equipment.
10. Employees’ service facilities expenses.
11. Building service supplies.
12. Communication service.
13. Miscellaneous office supplies and expenses, printing and stationery.
14. Transportation expenses.
15. Meals, traveling and incidental expenses.
509 Allowances.
erowe on DSK2VPTVN1PROD with CFR
This account shall include the cost of
allowances expensed concurrent with
the monthly emission of sulfur dioxide.
(See General Instruction No. 21.)
511 Maintenance of structures (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of steam
structures, the book cost of which is
includible in account 311, Structures
and Improvements. (See operating expense instruction 2.)
512 Maintenance of boiler plant (Major
only).
A. This account shall include the
cost of labor, materials used and expenses incurred in the maintenance of
steam plant, the book cost of which is
includible in account 312, Boiler Plant
Equipment. (See operating expense instruction 2.)
B. For the purpose of making charges
hereto and to account 513, Maintenance
of Electric Plant, the point at which
steam plant is distinguished from electric plant is defined as follows:
1. Inlet flange of throttle valve on
prime mover.
2. Flange of all steam extraction
lines on prime mover.
3. Hotwell pump outlet on condensate
lines.
4. Inlet flange of all turbine-room
auxiliaries.
5. Connection to line side of motor
starter for all boiler-plant equipment.
513
Maintenance
(Major only).
of
electric
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of electric
plant, the book cost of which is includible in account 313, Engines and Engine-Driven Generators, account 314,
Turbogenerator Units, and account 315,
Accessory Electric Equipment. (See operating expense instruction 2 and paragraph B of account 512.)
510 Maintenance supervision and engineering (Major only).
514
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of maintenance of steam generation facilities.
Direct field supervision of specific jobs
shall be charged to the appropriate
maintenance account. (See operating
expense instruction 1.)
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of miscellaneous steam generation plant, the book
cost of which is includible in account
316, Miscellaneous Power Plant Equipment. (See operating expense instruction 2.)
Maintenance of miscellaneous
steam plant (Major only).
464
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515 Maintenance of steam production
plant (Nonmajor only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of steam
production plant the book cost of
which is includible in plant accounts
311 to 316, inclusive. (See operating expense instruction 2.)
erowe on DSK2VPTVN1PROD with CFR
517 Operation supervision and engineering (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of the
operation of nuclear power generating
stations. Direct supervision of specific
activities, such as fuel handling, reactor operations, generator operations,
etc., shall be charged to the appropriate account. (See operating expense
instruction 1.)
518 Nuclear fuel expense (Major only).
A. This account shall be debited and
account 120.5, Accumulated Provision
for Amortization of Nuclear Fuel Assemblies, credited for the amortization
of the net cost of nuclear fuel assemblies used in the production of energy.
The net cost of nuclear fuel assemblies
subject to amortization shall be the
cost of nuclear fuel assemblies plus or
less the expected net salvage of uranium, plutonium, and other byproducts
and unburned fuel. The utility shall
adopt the necessary procedures to assure that charges to this account are
distributed according to the thermal
energy produced in such periods.
B. This account shall also include the
costs involved when fuel is leased.
C. This account shall also include the
cost of other fuels, used for ancillary
steam facilities, including superheat.
D. This account shall be debited or
credited as appropriate for significant
changes in the amounts estimated as
the net salvage value of uranium, plutonium, and other byproducts contained in account 157, Nuclear Materials Held for Sale and the amount realized upon the final disposition of the
materials. Significant declines in the
estimated realizable value of items carried in account 157 may be recognized
at the time of market price declines by
charging this account and crediting account 157. When the declining change
Pt. 101
occurs while the fuel is recorded in account 120.3, Nuclear Fuel Assemblies in
Reactor, the effect shall be amortized
over the remaining life of the fuel.
519 Coolants and water (Major only).
This account shall include the cost of
labor, materials used and expenses incurred for heat transfer materials and
water used for steam and cooling purposes.
ITEMS
Labor:
1. Operation of water supply facilities.
2. Handling of coolants and heat transfer
materials.
Materials and Expenses:
3. Chemicals.
4. Additions to or refining of, fluids used in
reactor systems.
5. Lubricants.
6. Pumping supplies and expenses.
7. Miscellaneous supplies and expenses.
8. Purchased water.
NOTE: Do not include in this account water
for general station use or the initial charge
for coolants, heat transfer or moderator
fluids, chemicals or other supplies capitalized.
520 Steam expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in production of steam through
nuclear processes, and similar expenses
for operation of any auxiliary superheat facilities.
ITEMS
Labor:
1. Supervising steam production.
2. Fuel handling including removal, insertion, disassembly and preparation for cooling
operations and shipment.
3. Testing instruments and gauges.
4. Health, safety, monitoring and decontamination activities.
5. Waste disposal.
6. Operating steam boilers and auxiliary
steam, superheat facilities.
Materials and Expenses:
7. Chemical supplies.
8. Charts, logs, etc.
9. Health, safety, monitoring and decontamination supplies.
10. Boiler inspection fees.
11. Lubricants.
465
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521 Steam from other sources (Major
only).
This account shall include the cost of
steam purchased or transferred from
another department of the utility or
from others under a joint facility operating arrangement for use in prime
movers devoted to the production of
electricity.
NOTE: The records shall be so kept as to
show separately for each company from
which steam is purchased, the point of delivery, the quantity, the price, and the total
charge. When steam is transferred from another operating department, the utility shall
be prepared to show full details of the cost of
producing such steam, the basis of the
charges to electric generation, and the extent and manner of use by each department
involved.
522 Steam transferred—Credit (Major
only).
A. This account shall include credits
for expenses of producing steam which
are charged to others or to other utility departments under a joint operating arrangement. Include also credits
for steam expenses chargeable to other
electric accounts outside of the steam
generation group. Full details of the
basis of determination of the cost of
steam transferred shall be maintained.
B. If the charges to others or to other
departments of the utility include an
amount for depreciation, taxes and return on the joint steam facilities, such
portion of the charge shall be credited,
in the case of others, to account 454,
Rent from Electric Property, and in
the case of other departments of the
utility, to account 455, Interdepartmental Rents.
523 Electric expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in operating turbogenerators,
steam turbines and their auxiliary apparatus, switch gear and other electric
equipment to the points where electricity leaves for conversion for transmission or distribution.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
Labor:
1. Supervising electric production.
2. Operating turbines, engines, generators
and exciters.
3. Operating condensers, circulating water
systems and other auxiliary apparatus.
4. Operating generator cooling system.
5. Operating lubrication and oil control
system, including oil purification.
6. Operating switchboards, switch gear and
electric control and protective equipment.
7. Keeping plant log and records and preparing reports on electric plant operations.
8. Testing, checking and adjusting meters,
gauges, and other instruments, relays, controls and other equipment in the electric
plant.
9. Cleaning electric plant equipment when
not incidental to maintenance.
10. Repacking glands and replacing gauge
glasses.
Materials and Expenses:
11. Lubricants and control system oils.
12. Generator cooling gases.
13. Log sheets and charts.
14. Motor and generator brushes.
524 Miscellaneous nuclear power expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred which are not specifically provided for or are not readily assignable
to other nuclear generation operation
accounts.
ITEMS
Labor:
1. General clerical and stenographic work.
2. Plant security.
3. Building service.
4. Care of grounds, including snow removal,
cutting grass, etc.
5. Miscellaneous labor.
Materials and Expenses:
6. General operating supplies, such as
tools, gaskets, hose, indicating lamps, record
and report forms, etc.
7. First-aid supplies and safety equipment.
8. Employees’ service facilities expenses.
9. Building service supplies.
10. Communication service.
11. Miscellaneous office supplies and expenses, printing and stationery.
12. Transportation expenses.
13. Meals, traveling and incidental expenses.
14. Research, development, and demonstration expenses.
525 Rents (Major only).
This account shall include all rents
of property of others used, occupied or
operated in connection with nuclear
generation. (See operating expense instruction 3.)
466
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528 Maintenance supervision and engineering (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of maintenance of nuclear generation facilities. Direct field supervision of specific
jobs shall be charged to the appropriate
maintenance account. (See operating
expense instruction 1.)
Pt. 101
vision and direction of the operation of
hydraulic power generating stations.
Direct supervision of specific activities, such as hydraulic operation, generator operation, etc., shall be charged
to the appropriate account (See operating expense instruction 1).
B. For Nonmajor utilities, this account shall include the cost of supervision and labor in the operation of hydraulic power generating stations.
529 Maintenance of structures (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of structures, the book cost of which is includible in account 321, Structures and Improvements. (See operating expense instruction 2.)
530 Maintenance of reactor plant equipment (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of reactor
plant, the book cost of which is includible in account 322, Reactor Plant
Equipment. (See operating expense instruction 2.)
531
Maintenance
(Major only).
of
electric
plant
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of electric
plant, the book cost of which is includible in account 323, Turbogenerator
Units, and account 324, Accessory Electric Equipment. (See operating expense
instruction 2.)
532 Maintenance of miscellaneous nuclear plant (Major only).
erowe on DSK2VPTVN1PROD with CFR
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of miscellaneous nuclear generating plant, the
book cost of which is includible in account 325, Miscellaneous Power Plant
Equipment. (See operating expense instruction 2.)
535 Operation supervision and engineering.
A. For Major utilities, this account
shall include the cost of labor and expenses incurred in the general super-
ITEMS (NONMAJOR ONLY)
Hydraulic Labor:
1. Supervising hydraulic operation.
2. Removing debris and ice from trash
racks, reservoirs and waterways.
3. Patrolling reservoirs and waterways.
4. Operating intakes, spillways, sluiceways
and outlet works.
5. Operating bubbler, heater or other deicing systems.
6. Ice and log jam work.
7. Operating navigation facilities.
8. Operations relating to conservation of
game, fish, forests, etc.
9. Insect control activities.
Electric Labor:
10. Supervising electric production.
11. Operating prime movers, generators and
auxiliary equipment.
12. Operating generator cooling system.
13. Operating lubrication and oil control
systems, including oil purification.
14. Operating switchboards, switchgear and
electric control and protection equipment.
15. Keeping plant log and records and preparing reports on plant operations.
16. Testing, checking and adjusting meters,
gauges, and other instruments, relays, controls and other equipment in the plant.
17. Cleaning plant equipment when not incidental to maintenance work.
18. Repacking glands.
Miscellaneous Labor:
19. General clerical and stenographic work.
20. Guarding and patrolling plant and yard.
21. Building service.
22. Care of grounds, including snow removal, cutting grass, etc.
23. Snow removal from roads and bridges.
24. Miscellaneous labor.
536 Water for power.
This account shall include the cost of
water used for hydraulic power generation.
ITEMS
1. Cost of water purchased from others, including water tolls paid reservoir companies.
2. Periodic payments for licenses or permits from any governmental agency for
467
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water rights, or payments based on the use
of the water.
3. Periodic payments for riparian rights.
4. Periodic payments for headwater benefits or for detriments to others.
5. Cloud seeding.
537 Hydraulic expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in operating hydraulic works including reservoirs, dams, and waterways, and in activities directly relating to the hydroelectric development
outside the generating station. It shall
also include the cost of labor, materials used and other expenses incurred
in connection with the operation of (a)
fish and wildlife, and (b) recreation facilities. Separate subaccounts shall be
maintained for each of the above.
Materials and Expenses:
10. Lubricants and control system oils.
11. Motor and generator brushes.
539 Miscellaneous hydraulic power generation expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred which are not specifically provided for or are not readily assignable
to other hydraulic generation operation expense accounts.
ITEMS
ITEMS
Labor:
1. Supervising hydraulic operation.
2. Removing debris and ice from trash
racks, reservoirs and waterways.
3. Patrolling reservoirs and waterways.
4. Operating intakes, spillways, sluiceways,
and outlet works.
5. Operating bubbler, heater or other deicing systems.
6. Ice and log jam work.
7. Operating navigation facilities.
8. Operations relating to conservation of
game, fish, forests, etc.
9. Insect control activities.
Materials and Expenses:
10. Insect control materials.
11. Lubricants, packing, and other supplies
used in operation of hydraulic equipment.
12. Transportation expense.
Labor:
1. General clerical and stenographic work.
2. Guarding and patrolling plant and yard.
3. Building service.
4. Care of grounds including snow removal,
cutting grass, etc.
5. Snow removal from roads and bridges.
6. Miscellaneous labor.
538 Electric expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in operating prime movers, generators, and their auxiliary apparatus,
switchgear, and other electric equipment, to the point where electricity
leaves for conversion for transmission
or distribution.
ITEMS
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6. Keeping plant log and records and preparing reports on plant operations.
7. Testing, checking and adjusting meters,
gauges, and other instruments, relays, controls, and other equipment in the plant.
8. Cleaning plant equipment when not incidental to maintenance work.
9. Repacking glands.
Labor:
1. Supervising electric production.
2. Operating prime movers, generators and
auxiliary equipment.
3. Operating generator cooling system.
4. Operating lubrication and oil control
systems, including oil purification.
5. Operating switchboards, switchgear, and
electric control and protection equipment.
Materials and Expenses:
7. General operating supplies, such as
tools, gaskets, packing, waste, hose, indicating lamps, record and report forms, etc.
8. First-aid supplies and safety equipment.
9. Employees’ service facilities expenses.
10. Building service supplies.
11. Communication service.
12. Office supplies, printing and stationery.
13. Transportation expenses.
14. Fuel.
15. Meals, traveling and incidental expenses.
16. Research, development, and demonstration expenses.
540 Rents.
This account shall include all rents
of property of others used, occupied or
operated in connection with hydraulic
power generation, including amounts
payable to the United States for the
occupancy of public lands and reservations for reservoirs, dams, flumes,
forebays, penstocks, power houses, etc.,
but not including transmission right of
way. (See operating expense instruction 3.)
468
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540.1 Operation supplies and expenses
(Nonmajor only).
543 Maintenance of reservoirs, dams,
and waterways (Major only).
This account shall include the cost of
materials used and expenses incurred
in the operation of hydraulic power
generating stations.
This account shall include the cost of
labor, materials used, and expenses incurred in maintenance of plant includible in Account 332, Reservoirs, Dams,
and Waterways. (See operating expense
instruction 2) However, the cost of
labor materials used and expenses incurred in the maintenance of fish and
wildlife, and recreation facilities, the
book cost of which is includible in Account 332, Reservoirs, Dams and Waterways, shall be charged to Account 545,
Maintenance of Miscellaneous Hydraulic Plant.
ITEMS
1. Insect control materials.
2. Lubricants, packing, and other supplies
used in operation of hydraulic equipment.
3. Supplies and expenses in conservation of
game, fish, forests, etc.
4. Transportation expense.
5. Control system oils.
6. Motor and generator brushes.
7. General operating supplies, such as
tools, gaskets, packing, waste hose, indicating lamps, record and report forms, etc.
8. First-aid supplies and safety equipment.
9. Employees’ service facilities expenses.
10. Building service supplies.
11. Communication service.
12. Office supplies, printing and stationery.
13. Transportation expenses.
14. Fuel.
15. Meals, traveling and incidental expenses.
544
Maintenance
(Major only).
of
electric
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of plant includible in Account 333, Water Wheels, Turbines and Generators, and account 334,
Accessory Electric Equipment. (See operating expense instruction 2.)
545 Maintenance of miscellaneous hydraulic plant (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of the
maintenance of hydraulic power generating stations. Direct field supervision
of specific jobs shall be charged to the
appropriate maintenance account. (See
operating expense instruction 1.)
This account shall include the cost of
labor, materials used, and expenses incurred in maintenance of plant, the
book cost of which is includible in Account 335, Miscellaneous Power Plant
Equipment, and Account 336, Roads,
Railroads and Bridges. (See operating
expense instruction 2.) It shall also include the cost of labor, materials used
and other expenses incurred in the
maintenance of (a) fish and wildlife,
and (b) recreation facilities. Separate
subaccounts shall be maintained for
each of the above.
This account shall include the cost of
labor, materials used, and expenses incurred in maintenance of hydraulic
structures, the book cost of which is
includible in Account 331, Structures
and Improvements. (See operating expense instruction 2) However, the cost
of labor, materials used and expenses
incurred in the maintenance of fish and
wildlife, and recreation facilities, the
book cost of which is includible in Account 331, Structures and Improvements, shall be charged to Account 545,
Maintenance of Miscellaneous Hydraulic Plant.
545.1 Maintenance of hydraulic production plant (Nonmajor only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of hydraulic
production plant the book cost of
which is includible in plant accounts
331 to 336, inclusive. (See operating expense instruction 2.)
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541 Maintenance supervision and engineering (Major only).
542 Maintenance of structures (Major
only).
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546 Operation supervision and engineering.
A. For Major utilities, this account
shall include the cost of labor and expenses incurred in the general supervision and direction of the operation of
other power generating stations. Direct
supervision of specific activities, such
as fuel handling, engine and generator
operation, etc., shall be charged to the
appropriate account. (See operating expense instruction 1.)
B. For Nonmajor utilities, this account shall include the cost of supervision and labor in the operation of
other power generating stations.
Generating Labor:
1. Supervising other power generation operation.
2. Operating prime movers, generators and
auxiliary apparatus and switching and other
electric equipment.
3. Keeping plant log and records and preparing reports on plant operations.
4. Testing, checking, cleaning, oiling and
adjusting equipment.
549 Miscellaneous other power generation expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in the operation of other power
generating stations which are not specifically provided for or are not readily
assignable to other generation expense
accounts.
ITEMS
This account shall include the cost
delivered at the station (see account
151, Fuel Stock, for Major utilities, and
account 154, Plant Materials and Operating Supplies, for Nonmajor utilities)
of all fuel, such as gas, oil, kerosene,
and gasoline used in other power generation.
Labor:
1. General clerical and stenographic work.
2. Guarding and patrolling plant and yard.
3. Building service.
4. Care of grounds, including snow removal,
cutting grass, etc.
5. Miscellaneous labor.
Materials and Expenses:
6. Building service supplies.
7. First-aid supplies and safety equipment.
8. Communication service.
9. Employees’ service facilities expenses.
10. Office supplies, printing and stationery.
11. Transportation expense.
12. Meals, traveling and incidental expenses.
13. Fuel for heating.
14. Water for fire protection or general use.
15. Miscellaneous supplies, such as hand
tools, drills, saw blades, files, etc.
16. Research, development, and demonstration expenses.
548 Generation expenses (Major only).
550 Rents.
This account shall include the cost of
labor, materials used and expenses incurred in operating prime movers, generators and electric equipment in other
power generating stations, to the point
where electricity leaves for conversion
for transmission or distribution.
This account shall include all rents
of property of others used, occupied, or
operated in connection with other
power generation. (See operating expense instruction 3.)
ITEMS
This account shall include the cost of
materials used and expenses incurred
in the operation of other power generating stations.
Miscellaneous Labor:
5. General clerical and stenographic work.
6. Guarding and patrolling plant and yard.
7. Building service.
8. Care of grounds, including snow removal,
cutting grass, etc.
9. Miscellaneous labor.
547 Fuel.
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2. Operating prime movers, generators and
auxiliary apparatus and switching and other
electric equipment.
3. Keeping plant log and records and preparing reports on plant operations.
4. Testing, checking, cleaning, oiling and
adjusting equipment.
Materials and Expenses:
5. Dynamo, motor, and generator brushes.
6. Lubricants and control system oils.
7. Water for cooling engines and generators.
Labor:
1. Supervising other power generation operation.
550.1 Operation supplies and expenses
(Nonmajor only).
470
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Federal Energy Regulatory Commission
ITEMS
1. Dynamo, motor, and generator brushes.
2. Lubricants and control system oils.
3. Water for cooling engines and generators.
4. Building service supplies.
5. First-aid supplies and safety equipment.
6. Communication service.
7. Employees’ service facilities expenses.
8. Office supplies, printing and stationery.
9. Transportation expense.
10. Meals, traveling and incidental expenses.
11. Fuel for heating.
12. Water for fire protection or general use.
13. Miscellaneous supplies, such as hand
tools, drills, saw blades, files, etc.
551 Maintenance supervision and engineering (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of the
maintenance of other power generating
stations. Direct field supervision of
specific jobs shall be charged to the appropriate maintenance account. (See
operating expense instruction 1.)
552 Maintenance of structures (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of facilities
used in other power generation, the
book cost of which is includible in account 341, Structures and Improvements, and account 342, Fuel Holders,
Producers and Accessories. (See operating expense instruction 2.)
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553 Maintenance of generating and
electric equipment (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of plant, the
book cost of which is includible in account 343, Prime Movers, account 344.
Generators, and account 345, Accessory
Electric Equipment. (See operating expense instruction 2.)
554 Maintenance of miscellaneous other
power generation plant (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of other power
generation plant, the book cost of
which is includible in account 346, Mis-
Pt. 101
cellaneous Power Plant Equipment.
(See operating expense instruction 2.)
554.1 Maintenance of other power production plant (Nonmajor only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of other
power generation plant, the book cost
of which is includible in plant accounts
341 to 346, inclusive. (See operating expense instruction 2.)
555 Purchased power.
A. This account shall include the
cost at point of receipt by the utility of
electricity purchased for resale. It
shall include, also, net settlements for
exchange of electricity or power, such
as economy energy, off-peak energy for
on-peak energy, spinning reserve capacity, etc. In addition, the account
shall include the net settlements for
transactions under pooling or interconnection agreements wherein there
is a balancing of debits and credits for
energy, capacity, etc. Distinct purchases and sales shall not be recorded
as exchanges and net amounts only recorded merely because debit and credit
amounts are combined in the voucher
settlement.
B. The records supporting this account shall show, by months, the demands and demand charges, kilowatthours and prices thereof under each
purchase contract and the charges and
credits under each exchange or power
pooling contract.
556
System control and load dispatching (Major only).
This account shall include the cost of
labor and expenses incurred in load dispatching activities for system control.
Utilities having an interconnected
electric system or operating under a
central authority which controls the
production and dispatching of electricity may apportion these costs to
this account and transmission expense
Accounts 561.1 through 561.4, and Account 581, Load Dispatching-Distribution.
ITEMS
Labor:
1. Allocating loads to plants and interconnections with others.
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2. Directing switching.
3. Arranging and controlling clearances for
construction, maintenance, test and emergency purposes.
4. Controlling system voltages.
5. Recording loadings, water conditions,
etc.
6. Preparing operating reports and data for
billing and budget purposes.
7. Obtaining reports on the weather and
special events.
Expenses:
8. Communication service provided for system control purposes.
9. System record and report forms.
10. Meals, traveling and incidental expenses.
11. Obtaining weather and special events
reports.
557 Other expenses.
A. This account shall be charged with
any production expenses including expenses incurred directly in connection
with the purchase of electricity, which
are not specifically provided for in
other production expense accounts.
Charges to this account shall be supported so that a description of each
type of charge will be readily available.
B. Recoveries from insurance companies, under use and occupancy provisions of policies, of amounts in reimbursement of excessive or added production costs for which the insurance
company is liable under the terms of
the policy shall be credited to this account.
560 Operation supervision and engineering.
A. For Major utilities, this account
shall include the cost of labor and expenses incurred in the general supervision and direction of the operation of
the transmission system as a whole.
Direct supervision of specific activities, such as station operation, line operation, etc., shall be charged to the
appropriate account. (See operating expense instruction 1.)
B. For Nonmajor utilities, this account shall include the cost of supervision and labor in the operation of the
transmission system.
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ITEMS (NONMAJOR ONLY)
Load Dispatching Labor:
1. Direct switching.
2. Arranging and controlling clearances for
construction, maintenance, test and emergency purposes.
3. Controlling system voltages.
4. Obtaining reports on the weather and
special events.
5. Preparing operating reports and data for
billing and budget purposes.
Station Labor:
6. Supervising station operation.
7. Adjusting station equipment where such
adjustment primarily affects performance,
such as regulating the flow of cooling water,
adjusting current in fields of a machine or
changing voltage of regulators changing station transformer taps.
8. Inspecting, testing and calibrating station equipment for the purpose of checking
its performance.
9. Keeping station log and records and preparing reports on station operation.
10. Operating switching and other station
equipment.
11. Standing watch, guarding and patrolling station and station yard.
12. Sweeping, mopping and tidying station.
13. Care of grounds, including snow removal, cutting grass, etc.
Line Labor:
14. Supervising line operation.
15. Inspecting and testing lightning arresters, circuit breakers, switches and grounds.
16. Load tests of circuits.
17. Routine line patrolling.
18. Routine voltage surveys made to determine the condition of efficiency of transmission system.
19. Transferring loads, switching and reconnecting circuits and equipment for operating purposes. (Switching for construction
or maintenance purposes is not includible in
this account.)
20. Routine inspection and cleaning of
manholes, conduit, network and transformer
vaults.
21. Electrolysis surveys.
22. Inspecting and adjusting line testing
equipment such as voltmeters, ammeters,
wattmeters, etc.
23. Regulation and addition of oil or gas in
high voltage cable systems.
Miscellaneous Labor:
24. General records of physical characteristics of lines and stations, such as capacities,
etc.
25. Ground resistance records.
26. Janitorial work at transmission office
buildings, including care of grounds, snow removal, cutting grass, etc.
27. Joint pole maps and prints.
28. Line load and voltage records.
29. Preparing maps and prints.
30. General clerical and stenographic work.
31. Miscellaneous labor.
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Federal Energy Regulatory Commission
561.1 Load Dispatch—Reliability.
This account shall include the cost of
labor, materials used and expenses incurred by a regional transmission service provider or other transmission provider to manage the reliability coordination function as specified by the
North American Electric Reliability
Council (NERC) and individual reliability organizations. These activities
shall include performing current and
next day reliability analysis. This account shall include the costs incurred
to calculate load forecasts, and performing contingency analysis.
561.2 Load Dispatch—Monitor and Operate Transmission System.
This account shall include the costs
of labor, materials used and expenses
incurred by a regional transmission
service provider or other transmission
provider to monitor, assess and operate
the power system and individual transmission facilities in real-time to maintain safe and reliable operation of the
transmission system. This account
shall also include the expense incurred
to manage transmission facilities to
maintain system reliability and to
monitor the real-time flows and direct
actions according to regional plans and
tariffs as necessary.
ITEMS
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1. Receive and analyze outage requests
2. Reschedule outage plans
3. Monitor solution quality field data values, providing model updates to NERC and
coordinating network model changes across
all systems
4. Conduct operating training related to
NERC certification
5. Monitor generation resources and communicate expected dispatch actions
6. Ensure ancillary service requirements
are met
7. Directing switching
8. Controlling system voltages
9. Obtaining reports on the weather and
special events
10. Preparing operating reports and data
for billing and budget purposes
561.3
Load
Dispatch—Transmission
Service and Scheduling.
This account shall include the costs
of labor, materials used and expenses
incurred by a regional transmission
service provider or other transmission
provider to process hourly, daily, week-
Pt. 101
ly and monthly transmission service
requests using an automated system
such as an Open Access Same-Time Information System (OASIS). It shall
also include the expenses incurred to
operate the automated transmission
service request system and to monitor
the status of all scheduled energy
transactions.
561.4 Scheduling, System Control and
Dispatching Services.
This account shall include the costs
billed to the transmission owner, load
serving entity or generator for scheduling, system control and dispatching
service. Include in this account service
billings for system control to maintain
the reliability of the transmission area
in accordance with reliability standards, maintaining defined voltage profiles, and monitoring operations of the
transmission facilities.
561.5 Reliability, Planning and Standards Development.
This account shall include the cost of
labor, materials used and expenses incurred for the system planning of the
interconnected bulk electric transmission systems within a planning authority area.
ITEMS
1. Developing and maintaining transmission system models to evaluate transmission system performance.
2. Maintaining and applying methodologies
and tools for the analysis and simulation of
the transmission systems for the assessment
and development of transmission expansion
plans.
3. Assessing, developing and documenting
transmission expansion plans.
4. Maintaining transmission system models
(steady-state, dynamics, and short circuit).
5. Collecting transmission information and
transmission facility characteristics and ratings.
6. Notifying participants of any planned
transmission changes that may impact their
facilities.
7. Developing and reporting on transmission expansion plans for assessment and
compliance with reliability standards.
8. Developing reliability standards for the
planning and operation of the interconnected
bulk electric transmission systems that
serve the United States, Canada, and Mexico.
9. Developing criteria and certification
procedures for reliability authorities, transmission operators and others.
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10. Outside services employed.
NOTE: The cost of supervision, customer
records and collection expenses, administrative and general salaries, office supplies and
expenses, property insurance, injuries and
damages, employee pension and benefits,
regulatory commission expenses, general advertising, and rents shall be charged to the
customer accounts, service, and administrative and general expense accounts contained
in the Uniform System of Accounts.
561.6 Transmission Service Studies.
This account shall include the cost of
labor, materials used and expenses incurred to conduct transmission services studies for proposed interconnections with the transmission system.
Detailed records shall be maintained
for each study undertaken and all reimbursements received for conducting
such a study.
561.7 Generation Interconnection Studies.
This account shall include the cost of
labor, materials used and expenses incurred to conduct generation interconnection studies for proposed interconnections with the transmission system. Detailed records shall be maintained for each study undertaken and
all reimbursements received for conducting such a study.
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561.8 Reliability Planning and Standards Development Services
This account shall include the costs
billed to the transmission owner, load
serving entity, or generator for system
planning of the interconnected bulk
electric transmission system. Include
also the costs billed by the regional
transmission service provider for system reliability and resource planning
to develop long-term strategies to
meet customer demand and energy requirements. This account shall also include fees and expenses for outside
services incurred by the regional transmission service provider and billed to
the load serving entity, transmission
owner or generator.
562 Station expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred
in
operating
transmission
substantions and switching stations. If
transmission station equipment is lo-
cated in or adjacent to a generating
station the expenses applicable to
transmission station operations shall
nevertheless be charged to this account.
ITEMS
Labor:
1. Supervising station operation.
2. Adjusting station equipment where such
adjustment primarily affects performance,
such as regulating the flow of cooling water,
adjusting current in fields of a machine or
changing voltage of regulators, changing station transformer taps.
3. Inspecting, testing and calibrating station equipment for the purpose of checking
its performance.
4. Keeping station log and records and preparing reports on station operation.
5. Operating switching and other station
equipment.
6. Standing watch, guarding, and patrolling station and station yard.
7. Sweeping, mopping, and tidying station.
8. Care of grounds, including snow removal,
cutting grass, etc.
Materials and Expenses:
9. Building service expenses.
10. Operating supplies, such as lubricants,
commutator brushes, water, and rubber
goods.
11. Station meter and instrument supplies,
such as ink and charts.
12. Station record and report forms.
13. Tool expense.
14. Transportation expenses.
15. Meals, traveling, and incidental expenses.
563
Overhead
only).
line
expenses
564 Underground line expenses (Major
only).
A. These accounts shall include the
cost of labor, materials used and expenses incurred in the operation of
transmission lines.
B. If the expenses are not substantial
for both overhead and underground
lines, these accounts may be combined.
ITEMS
Labor:
1. Supervising line operation.
2. Inspecting and testing lightning arresters, circuit breakers, switches, and grounds
3. Load tests of circuits.
4. Routine line patrolling.
5. Routine voltage surveys made to determine the condition or efficiency of transmission system.
474
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Federal Energy Regulatory Commission
6. Transferring loads, switching and reconnecting circuits and equipment for operating
purposes. (Switching for construction or
maintenance purposes is not includible in
this account.)
7. Routine inspection and cleaning of manholes, conduit, network and transformer
vaults.
8. Electrolysis surveys.
9. Inspecting and adjusting line-testing
equipment, such as voltmeters, ammeters,
wattmeters, etc.
10. Regulation and addition of oil or gas in
high-voltage cable systems.
Materials and Expenses:
11. Transportation expenses.
12. Meals, traveling and incidental expenses.
13. Tool expenses.
14. Operating supplies, such as instrument
charts, rubber goods, etc.
565 Transmission of electricity by others (Major only).
This account shall include amounts
payable to others for the transmission
of the utility’s electricity over transmission facilities owned by others.
566
Miscellaneous transmission
penses (Major only).
ex-
This account shall include the cost of
labor, materials used and expenses incurred in transmission map and record
work, transmission office expenses, and
other transmission expenses not provided for elsewhere.
ITEMS
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Labor:
1. General records of physical characteristics of lines and stations, such as capacities,
etc.
2. Ground resistance records.
3. Janitor work at transmission office
buildings, including care of grounds, snow removal, cutting grass, etc.
4. Joint pole maps and records.
5. Line load and voltage records.
6. Preparing maps and prints.
7. General clerical and stenographic work.
8. Miscellaneous labor.
Materials and Expenses:
9. Communication service.
10. Building service supplies.
11. Map and record supplies.
12. Transmission office supplies and expenses, printing and stationery.
13. First-aid supplies.
14. Research, development, and demonstration expenses.
Pt. 101
567 Rents.
This account shall include rents of
property of others used, occupied, or
operated in connection with the transmission system, including payments to
the United States and others for use of
public or private lands and reservations for transmission line rights of
way. (See operating expense instruction 3.)
567.1 Operation supplies and expenses
(Nonmajor only).
This account shall include the cost of
materials used and expenses incurred
in the operation of the transmission
system.
ITEMS
1. Building service expenses.
2. Operating supplies, such as lubricants,
commutator brushes, water, and rubber
goods.
3. Station meter and instrument supplies,
such as ink and charts.
4. Station record and report forms.
5. Communication service.
6. First-aid supplies.
7. Tool expense.
8. Transportation expenses.
9. Meals, traveling, and incidental expenses.
568 Maintenance supervision and engineering (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of maintenance of the transmission system.
Direct field supervision of specific jobs
shall be charged to the appropriate
maintenance account. (See operating
expense instruction 1.)
569 Maintenance of structures (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of structures, the book cost of which is includible in account 352, Structures and Improvements. (See operating expense instruction 2.)
569.1 Maintenance of Computer Hardware.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of computer
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hardware
function.
serving
the
transmission
569.2 Maintenance of Computer Software.
This account shall include the cost of
labor, materials used and expenses incurred for annual computer software license renewals, annual software update
services and the cost of ongoing support for software products serving the
transmission function.
ITEMS
1. Telephone support
2. Onsite support
3. Software updates and minor revisions
569.3 Maintenance of Communication
Equipment.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of communication equipment serving the transmission function.
569.4 Maintenance of Miscellaneous Regional Transmission Plant.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of miscellaneous regional transmission plant serving the transmission function.
570 Maintenance of station equipment
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of station equipment the book cost of which is includible in account 353, Station Equipment.
(See operating expense instruction 2.)
571
Maintenance
(Major only).
of
overhead
lines
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This account shall include the cost of
labor, materials used and expenses incurred in maintenance of transmission
plant, the book cost of which is includible in accounts 354, Towers and Fixtures, 355, Poles and Fixtures, 356,
Overhead Conductors and Devices, 359,
Roads and Trails. (See operating expense instruction 2.)
ITEMS
1. Work of the following character on
poles, towers and fixtures:
a. Installing or removing additional
clamps or strain insulators on guys in place.
b. Moving line or guy pole in relocation of
the same pole or section of line.
c. Painting poles, towers, crossarms or pole
extensions.
d. Readjusting and changing position of
guys or braces.
e. Realigning and straightening poles,
cross arms braces, and other pole fixtures.
f. Reconditioning reclaimed pole fixtures.
g. Relocating crossarms, racks, brackets,
and other fixtures on poles.
h. Repairing or realigning pins, racks, or
brackets.
i. Repairing pole supported platform.
j. Repairs by others to jointly owned poles.
k. Shaving, cutting rot, or treating poles
or crossarms in use or salvaged for reuse.
l. Stubbing poles already in service.
m. Supporting fixtures and conductors and
transferring them to new pole during poles
replacements.
n. Maintenance of pole signs, stencils, tags,
etc.
2. Work of the following character on overhead conductors and devices:
a. Overhauling and repairing line cutouts,
line switches, line breakers, etc.
b. Cleaning insulators and bushings.
c. Refusing cutouts.
d. Repairing line oil circuit breakers and
associated relays and control wiring.
e. Repairing grounds.
f. Resagging, retying, or rearranging position or spacing of conductors.
g. Standing by phones, going to calls, cutting faulty lines clear, or similar activities
at times of emergencies.
h. Sampling, testing, changing, purifying,
and replenishing insulating oil.
i. Repairing line testing equipment.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Trimming trees and clearing brush.
l. Chemical treatment of right of way areas
when occurring subsequent to construction
of line.
3. Work of the following character on roads
and trails:
a. Repairing roadway, bridges, etc.
b. Trimming trees and brush to maintain
previous roadway clearance.
c. Snow removal from roads and trails.
d. Maintenance work on publicly owned
roads and trails when done by utility at its
expense.
572 Maintenance of underground lines
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of transmission
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plant, the book cost of which is includible in accounts 357, Underground Conduit, and 358, Underground Conductors
and Devices. (See operating expense instruction 2.)
ITEMS
1. Work of the following character on underground conduit:
a. Cleaning ducts, manholes, and sewer
connections.
b. Minor alterations of handholes, manholes, or vaults.
c. Refastening, repairing, or moving racks,
ladders, or hangers in manholes, or vaults.
d. Plugging and shelving or replugging
ducts.
e. Repairs to sewers and drains, walls and
floors, rings and covers.
2. Work of the following character on underground conductors and devices:
a Repairing oil circuit breakers, switches,
cutouts, and control wiring.
b. Repairing grounds.
c. Retraining and reconnecting cables in
manhole, including transfer of cables from
one duct to another.
d. Repairing conductors and splices.
e. Repairing or moving junction boxes and
potheads.
f. Refireproofing of cables and repairing
supports.
g. Repairing electrolysis preventive devices for cables.
h. Repairing cable bonding systems.
i. Sampling, testing, changing, purifying
and replenishing insulating oil.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Repairing line testing equipment.
l. Repairs to oil or gas equipment in
highvoltage cable system and replacement of
oil or gas.
573
Maintenance of miscellaneous
transmission plant (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of owned or
leased plant which is assignable to
transmission operations and is not provided for elsewhere. (See operating expense instruction 2.)
erowe on DSK2VPTVN1PROD with CFR
574 Maintenance of transmission plant
(Nonmajor only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of transmission plant the book cost of which is
includible in plant accounts 351 to 359
Pt. 101
inclusive. (See operating expense instruction 2.)
ITEMS
1. Work of the following character on
poles, towers and fixtures:
a. Installing or removing additional
clamps or strain insulators on guys in place.
b. Moving line or guy pole in relocation of
the same pole or section of line.
c. Painting poles, towers, crossarms or pole
extensions.
d. Readjusting and changing position of
guys or braces.
e. Realigning and straightening poles,
crossarms, braces and other pole fixtures.
f. Reconditioning reclaimed pole fixtures.
g. Relocating crossarms, racks, brackets,
and other fixtures on poles.
h. Repairing or realigning pins, racks, or
brackets.
i. Repairing pole supported platform.
j. Repairs by others to jointly owned poles.
k. Shaving, cutting rot, or treating poles
or crossarms in use or salvaged for reuse.
l. Stubbing poles already in service.
m. Supporting fixtures and conductors and
transferring them to new pole during pole replacement.
n. Maintenance of pole signs, stencils, tags,
etc.
2. Work of the following character on overhead conductors and devices:
a. Overhauling and repairing line cutouts,
line switches, line breakers, etc.
b. Cleaning insulators and bushings.
c. Refusing cutouts.
d. Repairing line oil circuit breakers and
associated relays and control wiring.
e. Repairing grounds.
f. Resagging, retying, or rearranging position or spacing of conductors.
g. Standing by phones, going to calls, cutting faulty lines clear, or similar activities
at times of emergencies.
h. Sampling, testing, changing, purifying,
and replenishing insulating oil.
i. Repairing line testing equipment.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Trimming trees and clearing brush.
l. Chemical treatment of right of way areas
when occurring subsequent to construction
of line.
3. Work of the following character on roads
and trails:
a. Repairing roadway, bridges, etc.
b. Trimming trees and brush to maintain
previous roadway clearance.
c. Snow removal from roads and trails.
d. Maintenance work on publicly owned
roads and trails when done by utility at its
expense.
4. Work of the following character on underground conduit:
477
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18 CFR Ch. I (4–1–12 Edition)
a. Cleaning ducts, manholes, and sewer
connections.
b. Minor alterations of handholes, manholes, or vaults.
c. Refasting, repairing, or moving racks,
ladders, or hangers in manholes, or vaults.
d. Plugging and shelving or replugging
ducts.
e. Repairs to sewers and drains, walls and
floors, rings and covers.
5. Work of the following character on underground conductors and devices:
a. Repairing oil circuit breakers, switches,
cutouts, and control wiring.
b. Repairing grounds.
c. Retraining and reconnecting cables in
manhole, including transfer of cables from
one duct to another.
d. Repairing conductors and splices.
e. Repairing or moving junction boxes and
potheads.
f. Refireproofing of cables and repairing
supports.
g. Repairing electrolysis preventive devices for cables.
h. Repairing cable bonding systems.
i. Sampling, testing, changing, purifying
and replenishing insulating oil.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Repairing line testing equipment.
l. Repairs to oil or gas equipment in high
voltage cable system and replacement of oil
or gas.
575.1 Operation Supervision.
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of the regional energy markets.
575.2 Day-Ahead and Real-Time Market
Administration.
This account shall include the cost of
labor, materials used and expenses incurred to facilitate the Day-Ahead and
Real-Time markets. This account shall
also include the costs incurred to manage the real-time deployment of resources to meet generation needs and
to
provide
capacity
adequacy
verification. Include in this account
the costs incurred to maintain related
sections of the tariff, market rules, operating procedures, and standards and
coordinating with neighboring areas.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Consultant fees and expenses
2. System record and report forms
3. Meals, traveling and incidental expenses
NOTE: The cost of supervision, customer
records and collection expenses, administrative and general salaries, office supplies and
expenses, property insurance, injuries and
damages, employee pension and benefits,
regulatory commission expenses, general advertising, and rents shall be charged to the
customer accounts, service, and administrative and general expense accounts contained
in the Uniform System of Accounts.
575.3 Transmission Rights Market Administration.
This account shall include the cost of
labor, materials used and expenses incurred to manage the allocation and
auction of transmission rights.
575.4 Capacity Market Administration.
This account shall include the cost of
labor, materials used and expenses incurred to manage the allocation of capacity rights.
575.5 Ancillary Services Market Administration.
This account shall include the cost of
labor, materials used and expenses incurred to manage all other ancillary
services market functions.
575.6 Market Monitoring and Compliance.
This account shall include the cost of
labor, materials used and expenses incurred to review market data and operational decisions for compliance with
market rules. It shall also include the
costs incurred to interface with external market monitors.
575.7 Market Administration, Monitoring and Compliance Services.
This account shall include the costs
billed to the transmission owner, load
serving entity or generator for market
administration, monitoring and compliance services.
575.8 Rents.
This account shall include all rents
of property of others used, occupied, or
operated in connection with market
administration and monitoring. (See
operating expense instruction 3.)
478
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Federal Energy Regulatory Commission
576.1 Maintenance of Structures and
Improvements.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of structures used in market administration
and monitoring. (See operating expense
instruction 2.)
576.2 Maintenance of Computer Hardware.
The account shall include the cost of
labor, materials used and expenses incurred in the maintenance of computer
hardware used in market administration and monitoring.
576.3 Maintenance of Computer Software.
This account shall include the cost of
labor, materials used and expenses incurred for annual computer software license renewals, annual software update
services and the cost of ongoing support for software products used in market administration and monitoring.
ITEMS
1. Telephone support
2. Onsite support
3. Software updates and minor revisions
priate account. (For Major utilities,
see operating expense instruction 1.)
581 Load dispatching (Major only).
This account (the keeping of which is
optional with the utility) shall include
the cost of labor, materials used and
expenses incurred in load dispatching
operations pertaining to the distribution of electricity.
ITEMS
Labor:
1. Directing switching.
2. Arranging and controlling clearances for
construction, maintenance, test and emergency purposes.
3. Controlling system voltages.
4. Preparing operating reports.
5. Obtaining reports on the weather and
special events.
Expenses:
6. Communication service provided for system control purposes.
7. System record and report forms.
8. Meals, traveling and incidental expenses.
581.1 Line and station supplies and expenses (Nonmajor only).
582 Station expenses (Major only).
583
576.4 Maintenance of Communication
Equipment.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of communication equipment used in market administration and monitoring.
576.5 Maintenance of Miscellaneous
Market Operation Plant.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of miscellaneous market operation plant used in
market administration and monitoring.
erowe on DSK2VPTVN1PROD with CFR
Pt. 101
580 Operation supervision and engineering.
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of the
operation of the distribution system.
Direct supervision of specific activities, such as station operation, line operation, meter department operation,
etc., shall be charged to the appro-
Overhead
only).
line
expenses
584 Underground line expenses (Major
only).
Accounts 581.1 through 584 shall include, respectively, the cost of labor,
materials used and expenses incurred
in the operation of overhead and underground distribution lines and stations.
ITEMS
Line Labor:
1. Supervising line operation.
2. Changing line transformer taps.
3. Inspecting and testing lightning arresters, line circuit breakers, switches and
grounds.
4. Inspecting and testing line transformers
for the purpose of determining load, temperature or operating performance.
5. Patrolling lines.
6. Load tests and voltages surveys of feeders, circuits and line transformers.
7. Removing line transformers and voltage
regulators with or without replacements.
8. Installing line transformers or voltage
regulators with or without change in capacity provided that the first installation of
these items is included in account 368, Line
transformers.
479
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18 CFR Ch. I (4–1–12 Edition)
9. Voltage surveys, either routine or upon
request of customers, including voltage tests
at customers’ main switch.
10. Transferring loads, switching and reconnecting circuits and equipment for operation purposes.
11. Electrolysis surveys.
12. Inspecting and adjusting line testing
equipment.
Line Supplies and Expenses:
13. Tool expenses.
14. Transportation expenses.
15. Meals, traveling and incidental expense.
16. Operating supplies, such as instrument
charts, rubber goods, etc.
Station Labor:
1. Supervising station operation.
2. Adjusting station equipment where such
adjustment primarily affects performance,
such as regulating the flow of cooling water,
adjusting current in fields of a machine,
changing voltage of regulators or changing
station transformer taps.
3. Keeping station log and records and preparing reports on station operation.
4. Inspecting, testing and calibrating station equipment for the purpose of checking
its performance.
5. Operating switching and other station
equipment.
6. Standing watch, guarding and patrolling
station and station yard.
7. Sweeping, mopping and tidying station.
8. Care of grounds, including snow removal,
cutting grass, etc.
Station Supplies and Expenses:
9. Building service expenses.
10. Operating supplies, such as lubricants,
commutator brushes, water and rubber
goods.
11. Station meter and instrument supplies,
such as ink and charts.
12. Station record and report forms.
13. Tool expenses.
14. Transportation expenses.
15. Meals, traveling and incidental expenses.
erowe on DSK2VPTVN1PROD with CFR
NOTE (MAJOR ONLY): If the utility owns
storage battery equipment used for supplying electricity to customers in periods of
emergency, the cost of operating labor and of
supplies, such as acid, gloves, hydrometers,
thermometers, soda, automatic cell fillers,
acid proof shoes, etc., shall be included in
this account. If significant in amount, a separate subdivision shall be maintained for
such expenses.
585 Street lighting and signal system
expenses.
A. For Nonmajor utilities, this account shall include the cost of labor,
materials used and expenses incurred
in the operation of street lighting and
signal system plant.
B. For Major utilities, this account
shall include the cost of labor, materials used and expenses incurred in: (a)
The operation of street lighting and
signal system plant which is owned or
leased by the utility; and (b) the operation and maintenance of such plant
owned by customers where such work
is done regularly as a part of the street
lighting and signal system service.
ITEMS
Labor:
1. Supervising street lighting and signal
systems operation.
2. Replacing lamps and incidental cleaning
of glassware and fixtures in connection
therewith.
3. Routine patrolling for lamp outages, extraneous nuisances or encroachments, etc.
4. Testing lines and equipment including
voltage and current measurement.
5. Winding and inspection of time switch
and other controls.
Materials and Expenses:
6. Street lamp renewals.
7. Transportation and tool expense.
8. Meals, traveling, and incidental expenses.
586 Meter expenses.
This account shall include the cost of
labor, materials used and expenses incurred in the operation of customer
meters and associated equipment.
ITEMS
Labor:
1. Supervising meter operation.
2. Clerical work on meter history and associated equipment record cards, test cards,
and reports.
3. Disconnecting and reconnecting, removing and reinstalling, sealing and unsealing
meters and other metering equipment in
connection with initiating or terminating
services including the cost of obtaining
meter readings, if incidental to such operation.
4. Consolidating meter installations due to
elimination of separate meters for different
rates of service.
5. Changing or relocating meters, instrument transformers, time switches, and other
metering equipment.
6. Resetting time controls, checking operation of demand meters and other metering
equipment, when done as an independent operation.
7. Inspecting and adjusting meter testing
equipment.
8. Inspecting and testing meters, instrument transformers, time switches, and other
metering equipment on premises or in shops
480
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Federal Energy Regulatory Commission
excluding inspecting and testing incidental
to maintenance
Materials and Expenses:
9. Meter seals and miscellaneous meter
supplies.
10. Transportation expenses.
11. Meals, traveling, and incidental expenses.
12. Tool expenses.
NOTE: The cost of the first setting and testing of a meter is chargeable to utility plant
account 370, Meters.
587 Customer installations expenses.
This account shall include the cost of
labor, materials used and expenses incurred in work on customer installations in inspecting premises and in rendering services to customers of the nature of those indicated by the list of
items hereunder.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
Labor:
1. Supervising customer installations
work.
2. Inspecting premises, including check of
wiring for code compliance.
3. Investigating, locating, and clearing
grounds on customers’ wiring.
4. Investigating service complaints, including load tests of motors and lighting and
power circuits on customers’ premises; field
investigations of complaints on bills or of
voltage.
5. Installing, removing, renewing, and
changing lamps and fuses.
6. Radio, television and similar interference work including erection of new
aerials on customers’ premises and patrolling of lines, testing of lightning arresters,
inspection of pole hardware, etc., and examination on or off premises of customers’ appliances, wiring, or equipment to locate
cause of interference.
7. Installing, connecting, reinstalling, or
removing leased property on customers’
premises.
8. Testing, adjusting, and repairing customers’ fixtures and appliances in shop or on
premises.
9. Cost of changing customers’ equipment
due to changes in service characteristics.
10. Investigation of current diversion including setting and removal of check meters
and securing special readings thereon; special calls by employees in connection with
discovery and settlement of current diversion; changes in customer wiring and any
other labor cost identifiable as caused by
current diversion.
Materials and Expenses:
11. Lamp and fuse renewals.
Pt. 101
12. Materials used in servicing customers’
fixtures, appliances and equipment.
13. Power, light, heat, telephone, and other
expenses of appliance repair department.
14. Tool expense.
15. Transportation expense, including pickup and delivery charges.
16. Meals, traveling and incidental expenses.
17. Rewards paid for discovery of current
diversion.
NOTE A: Amounts billed customers for any
work, the cost of which is charged to this account, shall be credited to this account. Any
excess over costs resulting therefrom shall
be transferred to account 451, Miscellaneous
Service Revenues.
NOTE B: Do not include in this account expenses incurred in connection with merchandising, jobbing and contract work.
588
Miscellaneous
penses.
distribution
This account shall include the cost of
labor, materials used and expenses incurred in distribution system operation
not provided for elsewhere.
ITEMS
Labor:
1. General records of physical characteristics of lines and substations, such as capacities, etc.
2. Ground resistance records.
3. Joint pole maps and records.
4. Distribution system voltage and load
records.
5. Preparing maps and prints.
6. Service interruption and trouble records.
7. General clerical and stenographic work
except that chargeable to account 586, Meter
expenses.
Expenses:
8. Operating records covering poles, transformers, manholes, cables, and other distribution facilities. Exclude meter records
chargeable to account 586. Meter Expenses
and station records chargeable to account
582, Station Expenses (For Nonmajor utilities, account 581.1, Line and Station Expenses), and stores records (For Nonmajor
utilities, station records) chargeable to account 163, Stores Expense Undistributed (For
Nonmajor utilities, account 581.1, Line and
Station Expenses).
9. Janitor work at distribution office buildings including snow removal, cutting grass,
etc.
Materials and Expenses:
10. Communication service.
11. Building service expenses.
12. Miscellaneous office supplies and expenses, printing, and stationery, maps and
records and first-aid supplies.
481
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18 CFR Ch. I (4–1–12 Edition)
13. Research, development, and demonstration expenses (Major only).
589 Rents.
This account shall include rents of
property of others used, occupied, or
operated in connection with the distribution system, including payments
to the United States and others for the
use and occupancy of public lands and
reservations for distribution line rights
of way. (See operating expense instruction 3.)
590 Maintenance supervision and engineering (Major only).
This account shall include the cost of
labor and expenses incurred in the general supervision and direction of maintenance of the distribution system. Direct field supervision of specific jobs
shall be charged to the appropriate
maintenance account. (See operating
expense instruction 1.)
591 Maintenance of structures (Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of structures,
the book cost of which is includible in
account 361, Structures and Improvements. (See operating expense instruction 2.)
592 Maintenance of station equipment
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of plant, the
book cost of which is includible in account 362, Station Equipment, and account 363, Storage Battery Equipment.
(See operating expense instruction 2.)
erowe on DSK2VPTVN1PROD with CFR
592.1 Maintenance of structures and
equipment (Nonmajor only).
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of structures,
the book cost of which is includible in
account 361, Structures and Improvements, account 362, Station Equipment, and account 363, Storage Battery
Equipment. (See operating expense instruction 2.)
593
Maintenance of overhead lines
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of overhead
distribution line facilities, the book
cost of which is includible in account
364, Poles, Towers and Fixtures, account 365, Overhead Conductors and
Devices, and account 369, Services. (See
operating expense instruction 2.)
ITEMS
1. Work of the following character on
poles, towers, and fixtures:
a. Installing additional clamps or removing clamps or strain insulators on guys in
place.
b. Moving line or guy pole in relocation of
pole or section of line.
c. Painting poles, towers, crossarms, or
pole extensions.
d. Readjusting and changing position of
guys or braces.
e. Realigning and straightening poles,
crossarms, braces, pins, racks, brackets, and
other pole fixtures.
f. Reconditioning reclaimed pole fixtures.
g. Relocating crossarms, racks, brackets,
and other fixtures on poles.
h. Repairing pole supported platform.
i. Repairs by others to jointly owned poles.
j. Shaving, cutting rot, or treating poles or
crossarms in use or salvaged for reuse.
k. Stubbing poles already in service.
l. Supporting conductors, transformers,
and other fixtures and transferring them to
new poles during pole replacements.
m. Maintaining pole signs, stencils, tags,
etc.
2. Work of the following character on overhead conductors and devices:
a. Overhauling and repairing line cutouts,
line switches, line breakers, and capacitor
installations.
b. Cleaning insulators and bushings.
c. Refusing line cutouts.
d. Repairing line oil circuit breakers and
associated relays and control wiring.
e. Repairing grounds.
f. Resagging, retying, or rearranging position or spacing of conductors.
g. Standing by phones, going to calls, cutting faulty lines clear, or similar activities
at times of emergency.
h. Sampling, testing, changing, purifying,
and replenishing insulating oil.
i. Transferring loads, switching, and reconnecting circuits and equipment for maintenance purposes.
j. Repairing line testing equipment.
k. Trimming trees and clearing brush.
l. Chemical treatment of right of way area
when occurring subsequent to construction
of line.
482
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Federal Energy Regulatory Commission
3. Work of the following character on overhead services:
a. Moving position of service either on pole
or on customers’ premises.
b. Pulling slack in service wire.
c. Retying service wire.
d. Refastening or tightening service bracket.
594 Maintenance of underground lines
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of underground distribution line facilities, the
book cost of which is includible in account 366, Underground Conduit, account 367, Underground Conductors and
Devices, and account 369, Services. (See
operating expense instruction 2.)
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Work of the following character on underground conduit:
a. Cleaning ducts, manholes, and sewer
connections.
b. Moving or changing position of conduit
or pipe.
c. Minor alterations of handholes, manholes, or vaults.
d. Refastening, repairing, or moving racks,
ladders, or hangers in manholes or vaults.
e. Plugging and shelving ducts.
f. Repairs to sewers, drains, walls, and
floors, rings and covers.
2. Work of the following character on underground conductors and devices:
a. Repairing circuit breakers, switches,
cutouts, network protectors, and associated
relays and control wiring.
b. Repairing grounds.
c. Retraining and reconnecting cables in
manholes including transfer of cables from
one duct to another.
d. Repairing conductors and splices.
e. Repairing or moving junction boxes and
potheads.
f. Refireproofing cables and repairing supports.
g. Repairing electrolysis preventive devices for cables.
h. Repairing cable bonding systems.
i. Sampling, testing, changing, purifying
and replenishing insulating oil.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Repairing line testing equipment.
l. Repairing oil or gas equipment in high
voltage cable systems and replacement of oil
or gas.
3. Work of the following character on underground services:
a. Cleaning ducts.
Pt. 101
b. Repairing
plant.
any
underground
594.1 Maintenance of lines (Nonmajor
only).
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of distribution line facilities, the book cost of
which is includible in account 364,
Poles, Towers and Fixtures, account
365, Overhead Conductors and Devices,
account 366, Underground Conduit, account 367, Underground Conductors and
Devices, and account 369, Services. (See
operating expense instruction 2.)
ITEMS
1. Work of the following character on
poles, towers, and fixtures:
a. Installing additional clamps or removing clamps or strain insulators on guys in
place.
b. Moving line or guy pole in relocation of
pole or section of line.
c. Painting poles, towers, crossarms, or
pole extensions.
d. Readjusting and changing position of
guys or braces.
e. Realigning and straightening poles,
crossarms, braces, pins, racks, brackets, and
other pole fixtures.
f. Reconditioning reclaimed pole fixtures.
g. Relocating crossarms, racks, brackets,
and other fixtures on pole.
h. Repairing pole supported platform.
i. Repairs by others to jointly owned poles.
j. Shaving, cutting rot, or treating poles or
crossarms in use or salvage for reuse.
k. Stubbing poles already in service.
l. Supporting conductors, transformers,
and other fixtures and transferring them to
new poles during pole replacement.
m. Maintaining pole signs, stencils, tags,
etc.
2. Work of the following character on overhead conductors and devices:
a. Overhauling and repairing line cutouts,
line switches, line breakers, and capacitor
installations.
b. Cleaning insulators and bushings.
c. Refusing line cutouts.
d. Repairing line oil circuit breakers and
associated relays and control wiring.
e. Repairing grounds.
f. Resagging, retying, or rearranging position or spacing of conductors.
g. Standing by phones, going to calls, cutting faulting lines clear, or similar activities
at times of emergencies.
h. Sampling, testing, changing, purifying,
and replenishing insulating oil.
i. Transferring loads, switching, and reconnecting circuits and equipment for maintenance purposes.
483
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j. Repairing line testing equipment.
k. Trimming trees and clearing brush.
l. Chemical treatment of right of way area
when occurring subsequent to construction
of line.
3. Work of the following character on underground conduit:
a. Cleaning ducts, manholes, and sewer
connections.
b. Moving or changing position of conduit
or pipe.
c. Minor alterations of handholes, manholes, or vaults.
d. Refastening, repairing or moving racks,
ladders, or hangers in manholes or vaults.
e. Plugging and shelving ducts.
f. Repairs to sewers, drains, walls and
floors, rings and covers.
4. Work of the following character on underground conductors and devices:
a. Repairing circuit breakers, switches,
cutouts, network protectors, and associated
relays and control wiring.
b. Repairing grounds.
c. Retraining and reconnecting cables in
manhole including transfer of cables from
one duct to another.
d. Repairing conductors and splices.
e. Repairing or moving junction boxes and
potheads.
f. Refireproofing cables and repairing supports.
g. Repairing electrolysis preventive devices for cables.
h. Repairing cable bonding systems.
i. Sampling, testing, changing, purifying
and replenishing insulating oil.
j. Transferring loads, switching and reconnecting circuits and equipment for maintenance purposes.
k. Repairing line testing equipment.
l. Repairing oil or gas equipment in high
voltage cable system and replacement of oil
or gas.
5. Work of the following character on services:
a. Moving position of service either on pole
or on customers’ premises.
b. Pulling slack in service wire.
c. Retying service wire.
d. Refastening or tightening service bracket.
e. Cleaning ducts.
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595 Maintenance of line transformers.
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of distribution
line transformers, the book cost of
which is includible in account 368, Line
Transformers. (See operating expense
instruction 2.)
596 Maintenance of street lighting and
signal systems.
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of plant, the
book cost of which is includible in account 373, Street Lighting and Signal
Systems. (See operating expense instruction 2.)
597 Maintenance of meters.
This account shall include the cost of
labor, materials used and expenses incurred in the maintenance of meters
and meter testing equipment, the book
cost of which is includible in account
370, Meters, and account 395, Laboratory Equipment, respectively. (See operating expense instruction 2.)
598 Maintenance of miscellaneous distribution plant.
This account shall include the cost of
labor, materials used and expenses incurred in maintenance of plant, the
book cost of which is includible in accounts 371, Installations on Customers’
Premises, and 372, Leased Property on
Customers’ Premises, and any other
plant the maintenance of which is assignable to the distribution function
and is not provided for elsewhere. (See
operating expense instruction 2.)
ITEMS
a. Work of similar nature to that listed in
other distribution maintenance accounts.
b. Maintenance of office furniture and
equipment used by distribution system department.
901 Supervision (Major only).
This account shall include the cost of
labor and expenses incurred in the general direction and supervision of customer accounting and collecting activities. Direct supervision of a specific
activity shall be charged to account
902, Meter Reading Expenses, or account 903, Customer Records and Collection Expenses, as appropriate. (See
operating expense instruction 1.)
902 Meter reading expenses.
This account shall include the cost of
labor, materials used and expenses incurred in reading customer meters, and
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Federal Energy Regulatory Commission
determining consumption when performed by employees engaged in reading meters.
ITEMS
Labor:
1. Addressing forms for obtaining meter
readings by mail.
2. Changing and collecting meter charts
used for billing purposes.
3. Inspecting time clocks, checking seals,
etc., when performed by meter readers and
the work represents a minor activity incidental to regular meter reading routine.
4. Reading meters, including demand meters, and obtaining load information for billing purposes. Exclude and charge to account
586, Meter Expenses, or to account 903, Customer Records and Collection Expenses, as
applicable, the cost of obtaining meter readings, first and final, if incidental to the operation of removing or resetting, sealing, or
locking, and disconnecting or reconnecting
meters.
5. Computing consumption from meter
reader’s book or from reports by mail when
done by employees engaged in reading meters.
6. Collecting from prepayment meters
when incidental to meter reading.
7. Maintaining record of customers’ keys.
8. Computing estimated or average consumption when performed by employees engaged in reading meters.
Materials and Expenses:
9. Badges, lamps, and uniforms.
10. Demand charts, meter books and binders and forms for recording readings, but not
the cost of preparation.
11. Postage and supplies used in obtaining
meter readings by mail.
12. Transportation, meals, and incidental
expenses.
903 Customer records and collection expenses.
This account shall include the cost of
labor, materials used and expenses incurred in work on customer applications, contracts, orders, credit investigations, billing and accounting, collections and complaints.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
Labor:
1. Receiving, preparing, recording and handling routine orders for service, disconnections, transfers or meter tests initiated by
the customer, excluding the cost of carrying
out such orders, which is chargeable to the
account appropriate for the work called for
by such orders.
2. Investigations of customers’ credit and
keeping of records pertaining thereto, in-
Pt. 101
cluding records of uncollectible accounts
written off.
3. Receiving, refunding or applying customer deposits and maintaining customer
deposit, line extension, and other miscellaneous records.
4. Checking consumption shown by meter
readers’ reports where incidental to preparation of billing data.
5. Preparing address plates and addressing
bills and delinquent notices.
6. Preparing billing data.
7. Operating billing and bookkeeping machines.
8. Verifying billing records with contracts
or rate schedules.
9. Preparing bills for delivery, and mailing
or delivering bills.
10. Collecting revenues, including collection from prepayment meters unless incidental to meter-reading operations.
11. Balancing collections, preparing collections for deposit, and preparing cash reports.
12. Posting collections and other credits or
charges to customer accounts and extending
unpaid balances.
13. Balancing customer accounts and controls.
14. Preparing, mailing, or delivering delinquent notices and preparing reports of delinquent accounts.
15. Final meter reading of delinquent accounts when done by collectors incidental to
regular activities.
16. Disconnecting and reconnecting service
because of nonpayment of bills.
17. Receiving, recording, and handling of
inquiries, complaints, and requests for investigations from customers, including preparation of necessary orders, but excluding the
cost of carrying out such orders, which is
chargeable to the account appropriate for
the work called for by such orders.
18. Statistical and tabulating work on customer accounts and revenues, but not including special analyses for sales department,
rate department, or other general purposes,
unless incidental to regular customer accounting routines.
19. Preparing and periodically rewriting
meter reading sheets.
20. Determining consumption and computing estimated or average consumption
when performed by employees other than
those engaged in reading meters.
Materials and Expenses:
21. Address plates and supplies.
22. Cash overages and shortages.
23. Commissions or fees to others for collecting.
24. Payments to credit organizations for
investigations and reports.
25. Postage.
26. Transportation expenses (Major only),
including transportation of customer bills
and meter books under centralized billing
procedure.
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27. Transportation, meals, and incidental
expenses.
28. Bank charges, exchange, and other fees
for cashing and depositing customers’
checks.
29. Forms for recording orders for services
removals, etc.
30. Rent of mechanical equipment.
31. Communication service (Nonmajor
only).
32. Miscellaneous office supplies and expenses
and
stationery
and
printing
(Nonmajor only).
NOTE: The cost of work on meter history
and meter location records is chargeable to
account 586, Meter Expenses.
This account shall include the cost of
labor and expenses incurred in the general direction and supervision of customer service activities, the object of
which is to encourage safe, efficient
and economical use of the utility’s
service. Direct supervision of a specific
activity within customer service and
informational expense classification
shall be charged to the account wherein the costs of such activity are included. (See operating expense instruction 1.)
904 Uncollectible accounts.
908
This account shall be charged with
amounts sufficient to provide for losses
from uncollectible utility revenues.
Concurrent credits shall be made to account 144, Accumulated Provision for
Uncollectible
Accounts—Cr.
Losses
from uncollectible accounts shall be
charged to account 144.
This account shall include the cost of
labor, materials used and expenses incurred in providing instructions or assistance to customers, the object of
which is to encourage safe, efficient
and economical use of the utility’s
service.
905 Miscellaneous customer accounts
expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred not provided for in other accounts.
ITEMS
Labor:
1. General clerical and stenographic work.
2. Miscellaneous labor.
Materials and Expenses:
3. Communication service.
4. Miscellaneous office supplies and expenses and stationery and printing other
than those specifically provided for in accounts 902 and 903.
906 Customer service and informational
expenses (Nonmajor only).
erowe on DSK2VPTVN1PROD with CFR
907 Supervision (Major only).
This account shall include the cost of
supervision, labor, and expenses incurred in customer service and informational activities, the purpose of
which is to encourage safe and efficient
use of the utility’s service, to encourage conservation of the utility’s service, and to assist present customers in
answering specific inquiries as to the
proper and economic use of the utility’s service and the customer’s equipment utilizing the service.
Customer assistance
(Major only).
ITEMS
Labor:
1. Direct supervision of department.
2. Processing customer inquiries relating
to the proper use of electric equipment, the
replacement of such equipment and information related to such equipment.
3. Advice directed to customers as to how
they may achieve the most efficient and
safest use of electric equipment.
4. Demonstrations, exhibits, lectures, and
other programs designed to instruct customers in the safe, economical or efficient
use of electric service, and/or oriented toward conservation of energy.
5. Engineering and technical advice to customers, the object of which is to promote
safe, efficient and economical use of the utility’s service.
Materials and Expenses:
6. Supplies and expenses pertaining to demonstrations, exhibits, lectures, and other
programs.
7. Loss in value on equipment and appliances used for customer assistance programs.
8. Office supplies and expenses.
9. Transportation, meals, and incidental
expenses.
NOTE: Do not include in this account expenses that are provided for elsewhere, such
as accounts 416, Costs and Expenses of Merchandising, Jobbing and Contract Work, 587,
Customer Installations Expenses, and 912,
Demonstrating and Selling Expenses.
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Federal Energy Regulatory Commission
909 Informational and instructional advertising expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in activities which primarily
convey information as to what the utility urges or suggests customers should
do in utilizing electric service to protect health and safety, to encourage
environmental protection, to utilize
their electric equipment safely and
economically, or to conserve electric
energy.
Labor:
1. Direct supervision of informational activities.
2. Preparing informational materials for
newspapers, periodicals, billboards, etc., and
preparing and conducting informational motion pictures, radio and television programs.
3. Preparing informational booklets, bulletins, etc., used in direct mailings.
4. Preparing informational window and
other displays.
5. Employing agencies, selecting media and
conducting negotiations in connection with
the placement and subject matter of information programs.
erowe on DSK2VPTVN1PROD with CFR
Materials and Expenses:
6. Use of newspapers, periodicals, billboards, radio, etc., for informational purposes.
7. Postage on direct mailings to customers
exclusive of postage related to billings.
8. Printing of informational booklets,
dodgers, bulletins, etc.
9. Supplies and expenses in preparing informational materials by the utility.
10. Office supplies and expenses.
NOTE A: Exclude from this account and
charge to account 930.2, Miscellaneous General Expenses, the cost of publication of
stockholder reports, dividend notices, bond
redemption notices, financial statements,
and other notices of a general corporate
character. Exclude also all expenses of a promotional, institutional, goodwill or political
nature, which are includible in such accounts as 913, Advertising Expenses, 930.1,
General Advertising Expenses, and 426.4, Expenditures for Certain Civic, Political and
Related Activities.
NOTE B: Entries relating to informational
advertising included in this account shall
contain or refer to supporting documents
which identify the specific advertising message. If references are used, copies of the advertising message shall be readily available.
Pt. 101
910 Miscellaneous customer service and
informational
expenses
(Major
only).
This account shall include the cost of
labor, materials used and expenses incurred in connection with customer
service and informational activities
which are not includible in other customer information expense accounts.
Labor:
1. General clerical and stenographic work
not assigned to specific customer service and
informational programs.
2. Miscellaneous labor.
Materials and Expenses:
3. Communication service.
4. Printing, postage and office supplies expenses.
911 Supervision (Major only).
This account shall include the cost of
labor and expenses incurred in the general direction and supervision of sales
activities, except merchandising. Direct supervision of a specific activity,
such as demonstrating, selling, or advertising shall be charged to the account wherein the costs of such activity are included. (See operating expense instruction 1.)
912 Demonstrating and selling expenses
(Major only).
This account shall include the cost of
labor, materials used and expenses incurred in promotional, demonstrating,
and selling activities, except by merchandising, the object of which is to
promote or retain the use of utility
services by present and prospective
customers.
ITEMS
Labor:
1. Demonstrating uses of utility services.
2. Conducting cooking schools, preparing
recipes, and related home service activities.
3. Exhibitions, displays, lectures, and other
programs designed to promote use of utility
services.
4. Experimental and development work in
connection with new and improved appliances and equipment, prior to general public
acceptance.
5. Solicitation of new customers or of additional business from old customers, including commissions paid employees.
6. Engineering and technical advice to
present or prospective customers in connection with promoting or retaining the use of
utility services.
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7. Special customer canvasses when their
primary purpose is the retention of business
or the promotion of new business.
Materials and Expenses:
8. Supplies and expenses pertaining to demonstration, and experimental and development activities.
9. Booth and temporary space rental.
10. Loss in value on equipment and appliances used for demonstration purposes.
11. Transportation, meals, and incidental
expenses.
913 Advertising expenses (Major only).
This account shall include the cost of
labor, materials used and expenses incurred in advertising designed to promote or retain the use of utility service, except advertising the sale of merchandise by the utility.
ITEMS
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Labor:
1. Direct supervision of department.
2. Preparing advertising material for newspapers, periodicals, billboards, etc., and preparing and conducting motion pictures, radio
and television programs.
3. Preparing booklets, bulletins, etc., used
in direct mail advertising.
4. Preparing window and other displays.
5. Clerical and stenographic work.
6. Investigating advertising agencies and
media and conducting negotiations in connection with the placement and subject matter of sales advertising.
Materials and expenses:
7. Advertising in newspapers, periodicals,
billboards, radio, etc., for sales promotion
purposes, but not including institutional or
goodwill advertising includible in account
930.1, General Advertising Expenses.
8. Materials and services given as prizes or
otherwise in connection with civic lighting
contests, canning, or cooking contests, bazaars, etc., in order to publicize and promote
the use of utility services.
9. Fees and expenses of advertising agencies and commercial artists.
10. Novelties for general distribution.
11. Postage on direct mail advertising.
12. Premiums distributed generally, such
as recipe books, etc., when not offered as inducement to purchase appliances.
13. Printing booklets, dodgers, bulletins,
etc.
14. Supplies and expenses in preparing advertising material.
15. Office supplies and expenses.
NOTE A: The cost of advertisements which
set forth the value or advantages of utility
service without reference to specific appliances or, if reference is made to appliances
invites the reader to purchase appliances
from his dealer or refer to appliances not
carried for sale by the utility, shall be considered sales promotion advertising and
charged to this account. However, advertisements which are limited to specific makes of
appliances sold by the utility and prices,
terms, etc., thereof, without referring to the
value or advantages of utility service, shall
be considered as merchandise advertising
and the cost shall be charged to Costs and
Expenses of Merchandising, Jobbing and
Contract Work, Account 416.
NOTE B: Advertisements which substantially mention or refer to the value or advantages of utility service, together with specific reference to makes of appliances sold by
the utility and the price, terms, etc., thereof
and designed for the joint purpose of increasing the use of utility service and the sales of
appliances, shall be considered as a combination advertisement and the costs shall be
distributed between this account and Account 416 on the basis of space, time, or
other proportional factors.
NOTE C: Exclude from this account and
charge to Account 930.2, Miscellaneous General Expenses, the cost of publication of
stockholder reports, dividend notices, bond
redemption notices, financial statements,
and other notices of a general corporate
character. Exclude also all institutional or
goodwill advertising. (See Account 930.1,
General Advertising Expenses.)
916
Miscellaneous
(Major only).
sales
This account shall include the cost of
labor, materials used and expenses incurred in connection with sales activities, except merchandising, which are
not includible in other sales expense
accounts.
ITEMS
Labor:
1. General clerical and stenographic work
not assigned to specific functions.
2. Special analysis of customer accounts
and other statistical work for sales purposes
not a part of the regular customer accounting and billing routine.
3. Miscellaneous labor.
Materials and Expenses:
4. Communication service.
5. Printing, postage, and office supplies and
expenses applicable to sales activities, except those chargeable to account 913, Advertising Expenses.
917 Sales expenses (Nonmajor only).
This account shall include the cost of
labor and expenses incurred for the
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Federal Energy Regulatory Commission
purpose of promoting the sale of electricity, other than merchandising, jobbing or contract work activities.
ITEMS
1.
2.
3.
4.
Advertising.
Demonstrating uses of utility service.
Home service activities.
Solicitation of new business.
920 Administrative and general salaries.
A. This account shall include the
compensation (salaries, bonuses, and
other consideration for services, but
not including directors’ fees) of officers, executives, and other employees
of the utility properly chargeable to
utility operations and not chargeable
directly to a particular operating function.
B. This account may be subdivided in
accordance with a classification appropriate to the departmental or other
functional organization of the utility.
921 Office supplies and expenses.
A. This account shall include office
supplies and expenses incurred in connection with the general administration of the utility’s operations which
are assignable to specific administrative or general departments and are
not specifically provided for in other
accounts. This includes the expenses of
the various administrative and general
departments, the salaries and wages of
which are includible in account 920.
B. This account may be subdivided in
accordance with a classification appropriate to the departmental or other
functional organization of the utility.
NOTE: Office expenses which are clearly applicable to any group of operating expenses
other than the administrative and general
group shall be included in the appropriate
account in such group. Further, general expenses which apply to the utility as a whole
rather than to a particular administrative
function shall be included in account 930.2,
Miscellaneous General Expenses.
erowe on DSK2VPTVN1PROD with CFR
ITEMS
1. Automobile service, including charges
through clearing account.
2. Bank messenger and service charges.
3. Books, periodicals, bulletins and subscriptions to newspapers, newsletters, tax
services, etc.
Pt. 101
4. Building service expenses for customer
accounts, sales, and administrative and general purposes.
5. Communication service expenses.
6. Cost of individual items of office equipment used by general departments which are
of small value or short life.
7. Membership fees and dues in trade, technical, and professional associations paid by a
utility for employees. (Company memberships are includible in account 930.2.)
8. Office supplies and expenses.
9. Payment of court costs, witness fees and
other expenses of legal department.
10. Postage, printing and stationery.
11. Meals, traveling and incidental expenses.
922
Administrative expenses transferred—Credit.
This account shall be credited with
administrative expenses recorded in accounts 920 and 921 which are transferred to construction costs or to nonutility accounts. (See electric plant instruction 4.)
923 Outside services employed.
A. This account shall include the fees
and expenses of professional consultants and others for general services
which are not applicable to a particular operating function or to other
accounts. It shall include also the pay
and expenses of persons engaged for a
special or temporary administrative or
general purpose in circumstances
where the person so engaged is not considered as an employee of the utility.
B. This account shall be so maintained as to permit ready summarization according to the nature of service and the person furnishing the same.
ITEMS
1. Fees, pay and expenses of accountants
and auditors, actuaries, appraisers, attorneys, engineering consultants, management
consultants, negotiators, public relations
counsel, tax consultants, etc.
2. Supervision fees and expenses paid under
contracts for general management services.
NOTE: Do not include inspection and brokerage fees and commissions chargeable to
other accounts or fees and expenses in connection with security issues which are includible in the expenses of issuing securities.
924 Property insurance.
A. This account shall include the
cost of insurance or reserve accruals to
protect the utility against losses and
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18 CFR Ch. I (4–1–12 Edition)
damages to owned or leased property
used in its utility operations. It shall
include also the cost of labor and related supplies and expenses incurred in
property insurance activities.
B. Recoveries from insurance companies or others for property damages
shall be credited to the account
charged with the cost of the damage. If
the damaged property has been retired,
the credit shall be to the appropriate
account for accumulated provision for
depreciation.
C. Records shall be kept so as to
show the amount of coverage for each
class of insurance carried, the property
covered, and the applicable premiums.
Any dividends distributed by mutual
insurance companies shall be credited
to the accounts to which the insurance
premiums were charged.
ITEMS
erowe on DSK2VPTVN1PROD with CFR
1. Premiums payable to insurance companies for fire, storm, burglary, boiler explosion, lightning, fidelity, riot, and similar insurance.
2. Amounts credited to account 228.1, Accumulated Provision for Property Insurance,
for similar protection.
3. Special costs incurred in procuring insurance.
4. Insurance inspection service.
5. Insurance counsel, brokerage fees, and
expenses.
NOTE A: The cost of insurance or reserve
accruals capitalized shall be charged to construction either directly or by transfer to
construction work orders from this account.
NOTE B: The cost of insurance or reserve
accruals for the following classes of property
shall be charged as indicated.
(1) Materials and supplies and stores equipment, to account 163, Stores Expense Undistributed (store expenses in the case of
Nonmajor utilities), or appropriate materials
account.
(2) For Major Utilities, transportation and
other general equipment to appropriate
clearing accounts that may be maintained.
For Nonmajor utilities, transportation and
garage equipment, to account 933, Transportation Expenses.
(3) Electric plant leased to others, to account 413, Expenses of Electric Plant Leased
to Others.
(4) Nonutility property, to the appropriate
nonutility income account.
(5) Merchandise and jobbing property, to
Account 416, Costs and Expenses of Merchandising, Jobbing and Contract Work.
NOTE C (MAJOR ONLY): The cost of labor
and related supplies and expenses of adminis-
trative and general employees who are only
incidentally engaged in property insurance
work may be included in accounts 920 and
921, as appropriate.
925 Injuries and damages.
A. This account shall include the
cost of insurance or reserve accruals to
protect the utility against injuries and
damages claims of employees or others,
losses of such character not covered by
insurance, and expenses incurred in
settlement of injuries and damages
claims. For Major utilities, it shall
also include the cost of labor and related supplies and expenses incurred in
injuries and damages activities.
B. Reimbursements from insurance
companies or others for expenses
charged hereto on account of injuries
and damages and insurance dividends
or refunds shall be credited to this account.
ITEMS
1. Premiums payable to insurance companies for protection against claims from injuries and damages by employees or others,
such as public liability, property damages,
casualty, employee liability, etc., and
amounts credited to account 228.2, Accumulated Provision for Injuries and Damages, for
similar protection.
2. Losses not covered by insurance or reserve accruals on account of injuries or
deaths to employees or others and damages
to the property of others.
3. Fees and expenses of claim investigators.
4. Payment of awards to claimants for
court costs and attorneys’ services.
5. Medical and hospital service and expenses for employees as the result of occupational injuries, or resulting from claims of
others.
6. Compensation payments under workmen’s compensation laws.
7. Compensation paid while incapacitated
as the result of occupational injuries. (See
Note A.)
8. Cost of safety, accident prevention and
similar educational activities.
NOTE A: Payments to or in behalf of employees for accident or death benefits, hospital expenses, medical supplies or for salaries while incapacitated for service or on
leave of absence beyond periods normally allowed, when not the result of occupational
injuries, shall be charged to account 926, Employee Pensions and Benefits. (See also Note
B of account 926.)
NOTE B: The cost of injuries and damages
or reserve accruals capitalized shall be
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Federal Energy Regulatory Commission
charged to construction directly or by transfer to construction work orders from this account.
NOTE C: Exclude herefrom the time and expenses of employees (except those engaged in
injuries and damages activities) spent in attendance at safety and accident prevention
educational meetings, if occurring during
the regular work period.
NOTE D: The cost of labor and related supplies and expenses of administrative and general employees who are only incidentally engaged in injuries and damages activities may
be included in accounts 920 and 921, as appropriate.
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926 Employee pensions and benefits.
A. This account shall include pensions paid to or on behalf of retired employees, or accruals to provide for pensions, or payments for the purchase of
annuities for this purpose, when the
utility has definitely, by contract,
committed itself to a pension plan
under which the pension funds are irrevocably devoted to pension purposes,
and payments for employee accident,
sickness, hospital, and death benefits,
or insurance therefor. Include, also, expenses incurred in medical, educational
or recreational activities for the benefit of employees, and administrative
expenses in connection with employee
pensions and benefits.
B. The utility shall maintain a complete record of accruals or payments
for pensions and be prepared to furnish
full information to the Commission of
the plan under which it has created or
proposes to create a pension fund and a
copy of the declaration of trust or resolution under which the pension plan is
established.
C. There shall be credited to this account the portion of pensions and benefits expenses which is applicable to
nonutility operations or which is
charged to construction unless such
amounts are distributed directly to the
accounts involved and are not included
herein in the first instance.
D. For Major utilities, records in support of this account shall be so kept
that the total pensions expense, the
total benefits expense, the administrative expenses included herein, and the
amounts of pensions and benefits expenses transferred to construction or
other accounts will be readily available.
Pt. 101
ITEMS
1. Payment of pensions under a nonaccrual
or nonfunded basis.
2. Accruals for or payments to pension
funds or to insurance companies for pension
purposes.
3. Group and life insurance premiums
(credit dividends received).
4. Payments for medical and hospital services and expenses of employees when not the
result of occupational injuries.
5. Payments for accident, sickness, hospital, and death benefits or insurance.
6. Payments to employees incapacitated
for service or on leave of absence beyond periods normally allowed, when not the result
of occupational injuries, or in excess of statutory awards.
7. Expenses in connection with educational
and recreational activities for the benefit of
employees.
NOTE A: The cost of labor and related supplies and expenses of administrative and general employees who are only incidentally engaged in employee pension and benefit activities may be included in accounts 920 and
921, as appropriate.
NOTE B: Salaries paid to employees during
periods of nonoccupational sickness may be
charged to the appropriate labor account
rather than to employee benefits.
927 Franchise requirements.
A. This account shall include payments to municipal or other governmental authorities, and the cost of materials, supplies and services furnished
such authorities without reimbursement in compliance with franchise, ordinance, or similar requirements; provided, however, that the utility may
charge to this account at regular tariff
rates, instead of cost, utility service
furnished without charge under provisions of franchises.
B. When no direct outlay is involved,
concurrent credit for such charges
shall be made to account 929, Duplicate
Charges—Credit.
C. The account shall be maintained
so as to readily reflect the amounts of
cash outlays, utility service supplied
without charge, and other items furnished without charge.
NOTE A: Franchise taxes shall not be
charged to this account but to account 408.1,
Taxes Other Than Income Taxes, Utility Operating Income.
NOTE B: Any amount paid as initial consideration for a franchise running for more than
one year shall be charged to account 302,
Franchises and Consents.
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Pt. 101
18 CFR Ch. I (4–1–12 Edition)
928 Regulatory commission expenses.
A. This account shall include all expenses (except pay of regular employees only incidentally engaged in such
work) properly includible in utility operating expenses, incurred by the utility in connection with formal cases before regulatory commissions, or other
regulatory bodies, or cases in which
such a body is a party, including payments made to a regulatory commission for fees assessed against the utility for pay and expenses of such commission, its officers, agents, and employees, and also including payments
made to the United States for the administration of the Federal Power Act.
B. Amounts of regulatory commission expenses which by approval or direction of the Commission are to be
spread over future periods shall be
charged to account 186, Miscellaneous
Deferred Debits, and amortized by
charges to this account.
C. The utility shall be prepared to
show the cost of each formal case.
ITEMS
1. Salaries, fees, retainers, and expenses of
counsel, solicitors, attorneys, accountants,
engineers, clerks, attendants, witnesses, and
others engaged in the prosecution of, or defense against petitions or complaints presented to regulatory bodies, or in the valuation of property owned or used by the utility in connection with such cases.
2. Office supplies and expenses, payments
to public service or other regulatory commissions, stationery and printing, traveling
expenses, and other expenses incurred directly in connection with formal cases before
regulatory commissions.
erowe on DSK2VPTVN1PROD with CFR
NOTE A: Exclude from this account and include in other appropriate operating expense
accounts, expenses incurred in the improvement of service, additional inspection, or
rendering reports, which are made necessary
by the rules and regulations, or orders, of
regulatory bodies.
NOTE B: Do not include in this account
amounts includible in account 302, Franchises
and
Consents,
account
181,
Unamortized Debt Expense, or account 214,
Capital Stock Expense.
929 Duplicate charges—Credit.
This account shall include concurrent credits for charges which may be
made to operating expenses or to other
accounts for the use of utility service
from its own supply. Include, also, off-
setting credits for any other charges
made to operating expenses for which
there is no direct money outlay.
930.1 General advertising expenses.
This account shall include the cost of
labor, materials used, and expenses incurred in advertising and related activities, the cost of which by their content and purpose are not provided for
elsewhere.
ITEMS
Labor:
1. Supervision.
2. Preparing advertising material for newspapers, periodicals, billboards, etc., and preparing or conducting motion pictures, radio
and television programs.
3. Preparing booklets, bulletins, etc., used
in direct mail advertising.
4. Preparing window and other displays.
5. Clerical and stenographic work.
6. Investigating and employing advertising
agencies, selecting media and conducting negotiations in connection with the placement
and subject matter of advertising.
Materials and Expenses:
7. Advertising in newspapers, periodicals,
billboards, radio, etc.
8. Advertising matter such as posters, bulletins, booklets, and related items.
9. Fees and expenses of advertising agencies and commercial artists.
10. Postage and direct mail advertising.
11. Printing of booklets, dodgers, bulletins,
etc.
12. Supplies and expenses in preparing advertising materials.
13. Office supplies and expenses.
NOTE A: Properly includible in this account is the cost of advertising activities on
a local or national basis of a good will or institutional nature, which is primarily designed to improve the image of the utility or
the industry, including advertisements
which inform the public concerning matters
affecting the company’s operations, such as,
the cost of providing service, the company’s
efforts to improve the quality of service, the
company’s efforts to improve and protect the
environment, etc. Entries relating to advertising included in this account shall contain
or refer to supporting documents which identify the specific advertising message. If references are used, copies of the advertising
message shall be readily available.
NOTE B: Exclude from this account and include in account 426.4, Expenditures for Certain Civic, Political and Related Activities,
expenses for advertising activities, which are
designed to solicit public support or the support of public officials in matters of a political nature.
492
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Federal Energy Regulatory Commission
930.2 Miscellaneous general expenses.
This account shall include the cost of
labor and expenses incurred in connection with the general management of
the utility not provided for elsewhere.
ITEMS
Labor:
1. Miscellaneous labor not elsewhere provided for.
Expenses:
2. Industry association dues for company
memberships.
3. Contributions for conventions and meetings of the industry.
4. For Major utilities, research, development, and demonstration expenses not
charged to other operation and maintenance
expense accounts on a functional basis.
5. Communication service not chargeable
to other accounts.
6. Trustee, registrar, and transfer agent
fees and expenses.
7. Stockholders meeting expenses.
8. Dividend and other financial notices.
9. Printing and mailing dividend checks.
10. Directors’ fees and expenses.
11. Publishing and distributing annual reports to stockholders.
12. Public notices of financial, operating
and other data required by regulatory statutes, not including, however, notices required in connection with security issues or
acquisitions of property. For Nonmajor utilities, transportation and garage equipment,
to account 933, Transportation Expenses.
erowe on DSK2VPTVN1PROD with CFR
931 Rents.
This account shall include rents
properly includible in utility operating
expenses for the property of others
used, occupied, or operated in connection with the customer accounts, customer service and informational, sales,
and general and administrative functions of the utility. (See operating expense instruction 3.)
933 Transportation expenses (Nonmajor
only).
A. This account shall include the
cost of labor, materials used and expenses incurred in the operation and
maintenance of general transportation
equipment of the utility.
B. This account may be used as a
clearing account in which event the
charges hereto shall be cleared by apportionment to the appropriate operating expense, electric plant, or other
accounts on a basis which will distribute the expenses equitably. Credits
Pt. 101
to this account shall be made in such
detail as to permit ready analysis.
ITEMS
1. Supervision.
2. Building service.
3. Care of grounds, including snow removal,
cutting grass, etc.
4. Utility services.
5. Depreciation of transportation equipment.
6. Fuel and lubricants for vehicles (including sales and excise taxes thereon).
7. Insurance on garage equipment and
transportation equipment, including public
liability and property damage.
8. Maintenance of transportation and garage equipment.
9. Compensation of drivers, mechanics,
clerks, and other garage employees.
10. Rent of garage buildings and grounds,
vehicles or equipment.
11. Replacement of tires, tubes, batteries,
etc.
12. Direct taxes, licenses, and permits.
13. Miscellaneous garage supplies, tools,
and equipment.
14. Miscellaneous office supplies and expenses, printing, and stationery.
15. Transportation, meals, and incidental
expenses.
NOTE A: The pay of employees driving
trucks or other transportation equipment incidental to their regular occupation, shall
not be included herein but charged directly
to the appropriate expense or other account.
NOTE B: Transportation expenses applicable to construction shall not be included in
operating expenses.
935 Maintenance of general plant.
A. This account shall include the
cost assignable to customer accounts,
sales and administrative and general
functions of labor, materials used and
expenses incurred in the maintenance
of property, the book cost of which is
includible in account 390, Structures
and Improvements, account 391, Office
Furniture and Equipment, account 397,
Communication Equipment, and account 398 Miscellaneous Equipment.
For Nonmajor utilities, include also
other general equipment accounts (not
including transportation equipment).
(See operating expense instruction 2.)
B. Maintenance expenses on office
furniture and equipment used elsewhere than in general, commercial and
sales offices shall be charged to the following accounts:
Steam Power Generation, Account 514.
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Pt. 125
18 CFR Ch. I (4–1–12 Edition)
Nuclear Power Generation, Account 532
(Major only).
Hydraulic Power Generation, Account 545.
Other Power Generation, Account 554.
Transmission, Account 573.
Distribution, Account 598.
Merchandise and Jobbing, Account 416.
Garages, Shops, etc., Appropriate clearing
account, if used.
NOTE: Maintenance of plant included in
other general equipment accounts shall be
included herein unless charged to clearing
accounts or to the particular functional
maintenance expense account indicated by
the use of the equipment.
PART 104 [RESERVED]
NOTE: For the Uniform System of Accounts
for all Public Utilities, see part 101 of this
subchapter.
PART
125—PRESERVATION
OF
RECORDS OF PUBLIC UTILITIES
AND LICENSEES
Sec.
125.1 Promulgation.
125.2 General instructions.
125.3 Schedule of records and periods of retention.
AUTHORITY: 16 U.S.C. 825, 825c, and 825h; 44
U.S.C. 3501 et seq.
§ 125.1 Promulgation.
This Part is prescribed and promulgated as the regulations governing the
preservation of records by public utilities subject to the jurisdiction of the
Commission and by licensees holding
licenses issued by the Commission, to
the extent and in the manner set forth
therein.
erowe on DSK2VPTVN1PROD with CFR
[Order 617, 65 FR 48155, Aug. 7, 2000]
§ 125.2 General instructions.
(a) Scope of this part. (1) The regulations in this part apply to all books of
account and other records prepared by
or on behalf of the public utility or licensee. See item 40 of the schedule
(§ 125.3) for those records that come
into possession of the public utility or
licensee in connection with the acquisition of property, such as purchase,
consolidation, merger, etc.
(2) The regulations in this part
should not be construed as excusing
compliance with other lawful requirements of any other governmental body,
Federal or State, prescribing other
record keeping requirements or for
preservation of records longer than
those prescribed in this part.
(3) To the extent that any Commission regulations may provide for a different retention period, the records
should be retained for the longer of the
retention periods.
(4) Records other than those listed in
the schedule may be destroyed at the
option of the public utility or licensee:
Provided, however, That records which
are used in lieu of those listed shall be
preserved for the periods prescribed for
the records used for substantially similar purposes. And, provided further,
That retention of records pertaining to
added services, functions, plant, etc.,
the establishment of which cannot be
presently foreseen, shall conform to
the principles embodied herein.
(5) Notwithstanding the provisions of
the Records Retention Schedule, the
Commission may, upon the request of
the Company, authorize a shorter period of retention for any record listed
therein upon a showing by the Company that preservation of such record
for a longer period is not necessary or
appropriate in the public interest or for
the protection of investors or consumers.
(b) Designation of supervisory official.
Each public utility or licensee subject
to the regulations in this part shall
designate one or more persons with official responsibility to supervise the
utility’s or licensee’s program for preservation and the authorized destruction of its records.
(c) Protection and storage of records.
The public utility or licensee shall provide reasonable protection for records
subject to the regulations in this part
from damage by fire, floods, and other
hazards and, in the selection of storage
spaces, safeguards the records from unnecessary exposure to deterioration
from excessive humidity, dryness, or
lack of proper ventilation.
(d) Record storage media. Each public
utility and licensee has the flexibility
to select its own storage media subject
to the following conditions.
(1) The storage media must have a
life expectancy at least equal to the
applicable record retention period provided in § 125.3 unless there is a quality
494
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| File Type | application/pdf |
| File Modified | 2012-06-01 |
| File Created | 2012-06-01 |