N.Y. Comp. Codes R. & Regs. tit. 16 § 196.9

Current through Register Vol. 46, No. 50, December 11, 2024

Section 196.9 - Applicability of accounts

(a) This uniform system of accounts is prescribed for all operating utilities subject to the jurisdiction of the commission. Except as otherwise indicated in the text of the accounts, the balance sheet, operating property, income, surplus, and revenue accounts are identical for each of the four classes.

(b) The classification of operating expenses is adapted to utilities in the various classes, and the accounts are combined or subdivided to meet the needs of each class.

(c) Each utility shall keep, so far as they are applicable to its business, at least the accounts provided for the class to which it belongs. It may also keep subdivisions thereof, whether those prescribed for utilities of a higher class or others, as provided in section 196.4. The letters A, B, C, and D which precede account numbers indicate the classes of utilities which shall keep these accounts.

(d) This uniform system of accounts is also prescribed for electric plants (see Abstracts from Law, § 195.2 ) owned but not operated by municipalities which plants furnish electric service (see § 196.1, subd. [a][16]) to others than the municipality owning such plant, so far as it is applicable thereto.

N.Y. Comp. Codes R. & Regs. Tit. 16 § 196.9