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Regulatory Commission Expenses
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    Question: What is the proper accounting for expenses incurred by a utility in the investigation of and responses to notice of proposed rulemakings or regulations of the Commission or state authorities?

    Answer: Rulemaking proceedings conducted by the Commission or by state authorities are considered to be formal cases before regulatory bodies as set forth in Account 928, Regulatory Commission Expenses, and expenses (except pay or regular employees only incidentally engaged in such work) incurred with respect thereto are to be charged to Account 928 in accordance with the instructions provided in that account.

    Arthur L. Litke
    Chief Accountant

    Effective: August 31, 1965




Updated: June 28, 2010