N.H. Admin. Code § Puc 507.04

Current through Register No. 50, December 12, 2024

Section Puc 507.04 - E-25 Report of Proposed Changes in Depreciation Rates

(a) Each utility shall file Form E-25 with the commission and the department when it proposes any change in depreciation rates.

(b) A utility shall include on Form E-25:

(1) The name of the utility filing the report;

(2) The date;

(3) The account number and title;

(4) The estimated whole life, reported as the number of years from initial installation to final retirement, both present and proposed;

(5) The net salvage, both present and proposed, by percentage;

(6) The depreciation rate, both present and proposed, by percentage;

(7) The net annual change in dollars;

(8) The theoretical reserve calculated as the difference between the calculated accumulated depreciation determined using the proposed depreciation rates and the accumulated depreciation;

(9) The proposed amortization of the theoretical reserve;

(10) The reasons for changes in depreciation rates and length of the proposed amortization of the theoretical reserve; and

(11) The signature, full name, and title of the utility employee who supervised the preparation of the report, and date of signature.

(c) A utility shall not implement any change in depreciation rates until the proposed change has been approved by the commission.

N.H. Admin. Code § Puc 507.04

(See Revision Note at Chapter heading for Puc 500) #6445, eff 1-28-97; ss by #8259, eff 1-19-05; ss by #10334, eff 5-10-13 (from Puc 507.03 )

Amended by Number 45, Filed November 9, 2023, Proposed by #13794, Effective 10/25/2023, Expires 10/25/2033 (See Revision Note # 1 and Revision Note #2 at chapter heading for Puc 500).