| (a) Each electric utility and electric cooperative shall keep
uniform accounts, in accordance with this section, of all business transacted.
The classification of electric utilities and electric cooperatives, index
of accounts, definitions, and general instructions pertaining to each uniform
system of accounts as amended from time to time shall be adhered to at all
times, unless provided otherwise by these rules, or specifically permitted
by the commission.
(b) Classification. For the purposes of accounting and reporting
to the commission under this subchapter, each electric utility or electric
cooperative shall be classified as follows:
(1) Major: electric utilities or electric cooperatives that
had in each of the last three consecutive years sales or transmission service
that exceeded any one or more of the following:
(A) one million megawatt-hours of total sales;
(B) 100 megawatt-hours of sales for resale;
(C) 500 megawatt-hours of gross interchange out; or
(D) 500 megawatt-hours of wheeling for others (deliveries plus
losses).
(2) Nonmajor: electric utilities or electric cooperatives that
are not classified as "major" as defined in paragraph (1) of this subsection.
(c) System of accounts. For the purpose of accounting and reporting
to the commission, each electric utility and electric cooperative shall maintain
its books and records in accordance with the following prescribed uniform
system of accounts:
(1) Major: uniform system of accounts as adopted and amended
by the Federal Energy Regulatory Commission (FERC) for major electric utilities
and electric cooperatives or other commission-approved system of accounts
as will be adequately informative for all regulatory purposes.
(2) Nonmajor: uniform system of accounts as adopted and amended
by the FERC for nonmajor electric utilities and electric cooperatives or other
commission-approved system of accounts as will be adequately informative for
all regulatory purposes.
(d) Other system of accounts. When an electric utility or electric
cooperative has adopted a uniform system of accounts required or approved
by a state or federal agency other than the FERC (e.g., United States Department
of Agriculture - Rural Utilities Service), that system of accounts may be
adopted by the electric utility or electric cooperative after notification
to the commission.
(e) Merchandise accounting. Each electric utility and electric
cooperative shall keep separate accounts to show all revenues and expenses
resulting from the sale or lease of appliances, fixtures, equipment, directory
advertising, or other merchandise.
(f) Accounting period. Each electric utility and electric cooperative
shall keep its books on a monthly basis so that for each month all transactions
applicable thereto shall be entered in the books of the electric utility or
electric cooperative.
(g) Rules related to capitalization of construction costs.
Each electric utility and electric cooperative shall accrue allowance for
funds used during construction on construction work in progress to the extent
not included in rate base. In the event construction work in progress is included
in rate base pursuant to the rules in §25.231(c)(2)(D) of this title
(relating to Cost of Service), capitalization of allowance for funds used
during construction for electric utilities and electric cooperatives shall
be discontinued to the extent construction work in progress is included.
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| Source Note: The provisions of this §25.72 adopted to be effective September 8, 1998, 23 TexReg 9039; amended to be effective June 28, 2000, 25 TexReg 6099; amended to be effective August 19, 2002, 27 TexReg 7520 |
