17248945, 25-7.045 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 17248945

Notice of Proposed Rule

Department:

PUBLIC SERVICE COMMISSION

Chapter:

GAS SERVICE BY GAS PUBLIC UTILITIES

Overview

RULE:

25-7.045	Depreciation
25-7.046	Subcategories of Gas Plant for Depreciation

PURPOSE:

To update, clarify and streamline depreciation rules for investor-owned gas utilities. 
Docket No. 150200-PU.

SUMMARY:

The rule amendments modify and define the rules which prescribe accounting principles and procedures for the calculation of depreciation by gas utilities.  Rule 25-7.045 is amended to eliminate the requirement for multiple copies of depreciation studies, provide a specific reference to the Uniform System of Accounts, and codify the Commission’s authority to require a depreciation study at a time set by the Commission.  Rule 25-7.046 is amended to specifically reference the Uniform System of Accounts as the standard for depreciation accounts and new depreciation subaccounts.

RULEMAKING AUTHORITY:

350.115, 350.127(2), 366.05(1), F.S.

LAW:

350.115, 366.04(2)(f), 366.05(1), 366.06, 366.06(1), F.S.

PRINT PUBLISH DATE:

3/7/2016 Vol. 42/45

COMMENTS:

From 3/7/2016 To 3/28/2016 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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