N.H. Admin. Code § Rev 1907.02

Current through Register No. 50, December 12, 2024

Section Rev 1907.02 - Report of Utility Company Assets

(a) Every utility company shall, by May 1 of each year:

(1) Complete and file with the assessing officials of each municipality where any of the utility company's utility company assets are located:

a. If an electric utility company, Form PA-81, "Electric Utility Company Report of Utility Company Assets";

b. If a gas utility company, Form PA-82, "Gas Utility Company Report of Utility Company Assets"; or

c. If a water utility company, Form PA-83, "Water Utility Company Report of Utility Company Assets"; and

(2) File a completed copy of each form with the department.

(b) A utility company shall report on each Form PA-81, Form PA-82, or Form PA-83 the original cost and net book value of all its utility property located within the municipality as of December 31 of the preceding year as follows:

(1) Distribution and transmission assets, by each account established by the United States Federal Energy Regulatory Commission (FERC), or the New Hampshire public utilities commission (NH PUC) pursuant to RSA 374:8, as applicable;

(2) Generation and all other assets, by each category of accounts established by FERC or the NH PUC, as applicable; and

(3) Contributions in aid of construction (CIAC), construction works in progress (CWIP), and undistributed plant assets which are not included in (b)(1) or (2) above, associated with distribution only, and in total.

(c) Every utility company shall keep accounting records on the original cost of CIAC, CWIP, and undistributed plant assets, using the best information then available from the utility company's accounting records, pursuant to RSA 72:8-d, V.

(d) Each Form PA-81, Form PA-82, or Form PA-83 shall be in addition to, and not in substitution for:

(1) Form PA-28, "Inventory of Taxable Property," pursuant to RSA 74:4, if required by the municipality;

(2) Form PA-20, "Utility Property Tax Information Update," for purposes of the utility property tax pursuant to RSA 83-F:5, V; and

(3) If requested by the assessing officials or the department, any documents and other information as shall be necessary to:

a. Verify any information reported by the utility company on Form PA-81, Form PA-82, or Form PA-83; and

b. Determine the value of the utility company's utility property, other than its utility company assets.

N.H. Admin. Code § Rev 1907.02

#9826, eff 11-25-10; ss by #10582, eff 5-2-14

Amended by Volume XL Number 33, Filed August 13, 2020, Proposed by #13078, Effective 7/25/2020, Expires 7/25/2030.

Amended by Number 15, Filed April 11, 2024, Proposed by #13918, Effective 3/29/2024, Expires3/29/2034 (see Revision Note at chapter heading for Rev 1900).