Section 32.7300, Accounting for Judgments and Other Costs Associated with Litigation, CC Docket No. 93-240

In CC Docket No. 93-240, the Commission considered the issue of the accounting rules and ratemaking policies that should apply to litigation costs incurred by carriers subject to Part 32 of its rules and regulations. The Commission concluded that there should be special rules to govern the accounting treatment of federal antitrust judgements and settlements, in excess of the avoided costs of litigation, but not for litigation expenses. The Commission further concluded that these special rules should not apply to costs arising in other kinds of litigation. A carrier must make a showing to receive recognition of its avoided costs of litigation.

The latest form for Section 32.7300, Accounting for Judgments and Other Costs Associated with Litigation, CC Docket No. 93-240 expires 2023-11-30 and can be found here.