52 Pa. Code § 59.42. Systems of accounts.

§ 59.42. Systems of accounts.

(a)  Each major gas public utility shall keep its accounts in conformity with the ‘‘Uniform System of Accounts Prescribed for Natural Gas Companies (Major)’’ by the Federal Energy Regulatory Commission (18 CFR Part 201).
(b)  Each nonmajor gas public utility shall keep its accounts in conformity with the ‘‘Uniform System of Accounts Prescribed for Natural Gas Companies (Non-Major)’’ by the Federal Energy Regulatory Commission (19 CFR Part 201).
(c)  A gas public utility with annual gas operating revenue of less than $25,000 shall keep the accounts as will be adequately informative for reasonable and foreseeable regulatory purposes.
(d)  This section applies to manufactured gas public utilities.

Authority

   The provisions of this §  59.42 amended under the Public Utility Code, 66 Pa.C.S. § §  501, 1501, 1504, 1507 and 1508.

Source

   The provisions of this §  59.42 amended July 2, 1998, effective August 3, 1998, 28 Pa.B. 3050. Immediately preceding text appears at serial page (211178).

Cross References

   This section cited in 52 Pa. Code §  59.43 (relating to accounting for merchandising, jobbing and contract work); 52 Pa. Code §  59.46 (relating to reclassification of gas plant accounts); and 52 Pa. Code §  59.47 (relating to continuing property records).

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