N.Y. Comp. Codes R. & Regs. tit. 16 § 461.12

Current through Register Vol. 46, No. 36, September 4, 2024

Section 461.12 - Territorial subdivisions

(a) Unless otherwise authorized or directed by the commission, each city, borough, village, or town and each production plant shall constitute a cost area and separate records shall be maintained of the book cost of steam plant located therein.

(b) Operating revenues shall be recorded so that the amount for each city, borough, village, or town may be readily determined.

(c) Records shall be currently maintained so that the utility will be prepared to show operating revenue deductions separately for each city, borough, village, or town and for each production plant; provided that, with the approval of the commission, two or more such territories which are contiguous and are operated as a unit, may be combined into an accounting division.

(d) Records shall be kept to show separately the depreciation reserve applicable to property in each accounting division.

N.Y. Comp. Codes R. & Regs. Tit. 16 § 461.12