3 Alaska Admin. Code § 52.660

Current through September 25, 2024

Section 3 AAC 52.660 - Annual filing requirements

(a) In order for the commission to determine whether the power cost equalization per kilowatt-hour of a participating electric utility is just and reasonable, a utility shall annually file, in accordance with 3 AAC 48.095, a report for review.

(b) For a regulated participating electric utility, the report required by (a) of this section is the annual report required under AS 42.05.451(b).

(c) For a nonregulated participating electric utility, the report required by (a) of this section must be filed on the date specified by the commission by order and include the following information:

(1) a copy or summary of the effective rate schedule for each customer class, stating the current charges without power cost equalization;

(2) a statement of assets, liabilities, and other credits as of the end of the calendar or fiscal year being reported;

(3) a statement of income and operating expenses for the calendar or fiscal year being reported;

(4) a schedule of utility plant and depreciation for the calendar or fiscal year being reported, showing

(A) plant in service; and

(B) for each plant account,

(i) depreciation expense;

(ii) the depreciation method;

(iii) asset life;

(iv) net salvage used for computing depreciation expense;

(v) the end-of-year balance; and

(vi) the related account for accumulated depreciation;

(5) a schedule of monthly kilowatt-hour generation and sales, monthly fuel consumption, and monthly fuel balances and purchases; a utility that does not rely exclusively on diesel generation must separately report its hydroelectric generation, wind generation, and purchased power, as applicable.

(d) The report required by (a) of this section must be accompanied by

(1) audited financial statements if the utility had a financial audit performed for the calendar or fiscal year being reported; and

(2) a trial balance, if the utility maintains its records using a computerized accounting system; a nonregulated participating electric utility that does not maintain its records using a computerized accounting system must include manually prepared schedules showing the calculations used to prepare the statement of income and operating expenses required in (c)(3) of this section.

3 AAC 52.660

Eff. 10/28/89, Register 112; am 9/11/2004, Register 171; am 11/6/2016, Register 220, January 2017

Authority:AS 42.05.141

AS 42.05.151

AS 42.45.110

AS 42.45.130

AS 42.45.160

AS 42.45.170