Certificates will be issued by the Commission without charge and no utility shall capitalize on its books any value or amount for such certificates, and in rate proceedings the Commission will not allow any value in the rate base representing an alleged certificate value. Reasonable expenses incurred by a utility may be charged to operating expenses.
Ga. Comp. R. & Regs. R. 515-7-1-.10
Ga. L. 1878-79, p. 125, 1907, pp. 72, 75, 1922, pp. 143, 144, 1956, pp. 104, 105, 1964 p. 338, 1965, p. 283, 1975, Sec. 2, p. 406.