N.Y. Comp. Codes R. & Regs. tit. 16 § 465.4

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

Section 465.4 - Rents includible in income accounts

(a) Rents which the utility receives from others for steam operating property the investment in which is properly includible in account 102, Steam Plant Leased to Others, shall be recorded in account 508, Income from Steam Plant Leased to Others. Rentals from steam property owned by the utility and properly includible in account 101, Steam Plant in Service, shall be credited to account 610, Rent from Steam Property.

(b) All expenses, including the provision for depreciation, if any, applicable to property the income from which is included in account 508, Income from Steam Plant Leased to Others, shall be charged to that account.

N.Y. Comp. Codes R. & Regs. Tit. 16 § 465.4