Statutes, codes, and regulations
Iowa Administrative Code
Agency 199 - UTILITIES COMMISSIONUTILITIES AND TRANSPORTATION DIVISIONS
Chapter 31 - ACCESS TO AFFILIATE RECORDS, REQUIREMENTS FOR ANNUAL FILINGS, AND SERVICE AND ASSET TRANSFER COSTING STANDARDS
Rule 199-31.7 - Standards for costing asset transfers between regulated operations and nonregulated affiliates valued at less than $2 million

Iowa Admin. Code r. 199-31.7

Download
PDF
Current through Register Vol. 47, No. 8, October 30, 2024
Rule 199-31.7 - Standards for costing asset transfers between regulated operations and nonregulated affiliates valued at less than $2 million
(1)Asset of a nonregulated affiliate transferred to a regulated affiliate. The asset transfer shall be recorded at the lesser of net book value, the price actually charged to affiliates or nonaffiliates, or the market price of comparable assets. Under no circumstances is the asset to be recorded at a cost higher than what the regulated affiliate actually paid for the asset.
(2)Asset of a regulated affiliate transferred to a nonregulated affiliate. The asset transfer to the nonregulated affiliate shall be recorded at the greater of net book value, a price actually charged to other affiliates or nonaffiliates, or the market price of comparable assets.

Iowa Admin. Code r. 199-31.7

Adopted by IAB May 15, 2024/Volume XLVI, Number 24, effective 6/19/2024