AUTHORITY: Implementing Sections 5-102 and 5-103 and authorized by Section 10-101 of the Public Utilities Act [220 ILCS 5/5-102, 5-103, and 10-101].

SOURCE: Adopted July 14, 1960, effective January 1, 1962; old rules repealed, new rules adopted and codified at 8 Ill. Reg. 177, effective January 1, 1984; amended at 9 Ill. Reg. 4022, effective April 1, 1985; amended at 9 Ill. Reg. 13083, effective August 15, 1985; amended at 13 Ill. Reg. 10858, effective July 1, 1989; amended at 14 Ill. Reg. 1605, effective January 16, 1990; amended at 18 Ill. Reg. 10701, effective July 1, 1994; amended at 22 Ill. Reg. 9543, effective June 1, 1998; amended at 23 Ill. Reg. 1350, effective February 1, 1999; amended at 28 Ill. Reg. 340, effective December 31, 2003; amended at 31 Ill. Reg. 11557, effective August 1, 2007.

SUBPART A: GENERAL PROVISIONS AND ADOPTION OF CFR PROVISIONS BY REFERENCE

 

Section 505.10  Adoption of 18 CFR 201 by Reference

 

The Illinois Commerce Commission adopts 18 CFR 201, as of June 15, 2006, as its uniform system of accounts for gas utilities, subject to the exceptions set forth in Subpart B of this Part.  No incorporation in this Part includes any later amendment or edition.

 

(Source:  Amended at 31 Ill. Reg. 11557, effective August 1, 2007)

 

Section 505.20  Adoption of 18 CFR 216 by Reference (Repealed)

 

(Source:  Repealed at 23 Ill. Reg. 1350, effective February 1, 1999)

SUBPART B: ADDITIONS TO AND DELETIONS FROM CFR PROVISIONS

 

Section 505.200  Definitions

 

Definition 7, "Commission," is deleted and replaced by the following: "'Commission' means the Illinois Commerce Commission when not otherwise indicated in the context."

 

Section 505.210  General Instruction 1

 

General Instruction 1, "Classification of Utilities," is deleted and replaced by the following:

 

"A.       This system of accounts applies to all utilities; provided, however, if in the opinion of any utility having annual operating revenues of less than $10,000,000, this system of accounts should prove to be unduly burdensome, such utility may, with the approval of the Director of Accounting of the Commission, group or combine certain accounts herein in order that the accounting requirements for small utilities may conform more nearly to the nature and volume of business transacted.  Requests to group or combine accounts shall be made in writing, including a statement of the proposed modifications.  In determining whether this system of accounts is unduly burdensome with respect to a utility, the Director of Accounting  shall consider, among other things, whether compliance will require additional resources.  The Director of Accounting shall make this determination within  six months of receiving the written request.  Having obtained such approval, the utility shall continue to use the system as modified on a consistent basis.

 

B.        The Commission does not commit itself to the approval or acceptance of any item set out in any account, for the purpose of fixing rates or in determining other matters before the Commission."

 

(Source:  Amended at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.250  General Instruction 5

 

In General Instruction 5, "Submittal of Questions," the phrase "Director of Accounting of the" is added between "the" and "Commission."

 

(Source:  Amended at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.270  General Instruction 7 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.280  General Instruction 7.1 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.330  General Instruction 12

 

In General Instruction 12, "Records for Each Plant," in Paragraph B, the phrase "Director of Accounting of the" is added between "the" and "Commission."

 

(Source:  Amended at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.340  General Instruction 13

 

In General Instruction 13, "Accounting for other departments," the term "proper authority" is deleted and replaced by the phrase "the Commission."

 

Section 505.370  General Instruction 16

 

In General Instruction 16, "Accounting for Costs of gas production by pipelines and pipeline affiliates," the phrase "Federal Energy Regulatory Commission (FERC)" is substituted for the word "Commission" wherever that word appears.

 

(Source:  Amended at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.380  General Instruction 17

 

In General Instruction 17, "Long-Term Debt:  Premium, Discount and Expense, and Gain or Loss on Reacquisition," in Paragraph J, "Alternate method," the phrase "Where a regulatory authority or group of regulatory authorities having prime rate jurisdiction over the utility" is deleted and replaced by the phrase "When the Commission."

 

Section 505.390  General Instruction 18

 

In General Instruction 18, "Comprehensive Interperiod Income Tax Allocation," in Paragraph B, the phrase "regulatory authority having rate jurisdiction over the utility" is deleted and replaced by the word "Commission."

 

Section 505.410  General Instruction 20

 

In General Instruction 20, "Accounting for leases" in Paragraph A, second sentence, the phrase which reads "is effective January 1, 1984" is replaced with "was effective August 15, 1985".  In the third sentence of this paragraph, the phrase "reporting to the FERC," is amended to read "reporting to the Commission."

 

(Source:  Amended at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.420  Gas Plant Instruction 2 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.430  Gas Plant Instruction 3

 

In Gas Plant Instruction 3, "Components of construction cost," the changes set forth in the remainder of this Section are made.

 

a)         In Paragraph (17)(b), the words "Federal Energy Regulatory" are added between "the" and "Commission's."

 

b)         The following is added at the end of Paragraph (17)(b):

 

"If the balance for S (Short-term debt balances) exceeds the balance for W (Average balance in construction work in progress plus nuclear fuel in process of refinement, conversion, enrichment and fabrication), the maximum total AFUDC rate to be utilized will be the weighted average short-term debt rate.  In instances where this occurs, the entire credit for AFUDC will be recorded in Account 432, Allowance for borrowed funds used during construction − credit."

 

c)         The following is added as Paragraph (17)(c):

 

            "(c)  All deviations from the AFUDC formula shown in Gas Plant Instruction 3 (17)(a) above must have approval from the Commission before implementation.  In determining whether to approve such deviations, the Commission will consider the degree to which current securities issues have changed the embedded cost included in the annual computation provided in the formula."

 

(Source:  Amended at 28 Ill. Reg. 340, effective December 31, 2003)

 

Section 505.450  Gas Plant Instruction 5 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.470  Gas Plant Instruction 7

 

In Gas Plant Instruction 7, "Land and Land Rights," in Paragraph E, the phrase "411.6, Gains from Disposition of Utility Plant, or 411.7, Losses from Disposition of Utility Plant when such property has been recorded in Account 105, Gas Plant Held for Future Use, Account 105.1, Production Properties Held for Future Use, otherwise to account" is deleted.

 

(Source:  Amended at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.500  Gas Plant Instruction 10

 

In Gas Plant Instruction 10, "Additions and Retirements of Gas Plant," in Paragraph E, the phrase "411.6, Gains from Disposition of Utility Plant, or 411.7, Losses from Disposition of Utility Plant when the property has been recorded in Account 105, Gas Plant Held for Future Use, Account 105.1, Production Properties Held for Future Use, otherwise to accounts" is deleted.

 

(Source:  Amended at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.550  Gas Plant Instruction 15

 

Gas Plant Instruction 15, "Fees for applications filed with the Commission," is deleted in its entirety.

 

Section 505.900  Balance Sheet Chart Of Accounts

 

In the Balance Sheet Chart of Accounts, delete the following accounts: 117.1, Gas stored – base gas; 117.2, System balancing gas; 117.3, Gas stored in reservoirs and pipelines – noncurrent; and 117.4, Gas owed to system gas. To replace the deleted accounts, add Account 117, Gas stored underground – Noncurrent.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.940  Income Chart of Accounts

 

In the Income Chart of Accounts, Account 426.1, "Donations," is deleted.

 

Section 505.970  Operation and Maintenance Expense Chart of Accounts

 

In the Operation and Maintenance Expense Chart of Accounts, the notation "(Reserved)" is deleted at Accounts 914 and 915.  In the place of this notation at Account 914, the caption "Revenues from merchandising, jobbing and contract work" is added, and in the place of this notation at Account 915, the caption "Cost and expenses of merchandising, jobbing and contract work" is added.

 

Section 505.1020  Account 102 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.1030  Account 103

 

In Account 103, "Experimental gas plant unclassified," the second sentence in Paragraph B is deleted.

 

Section 505.1050  Account 105

 

In Account 105, "Gas plant held for future use," changes set forth in the remainder of this Section are made.

 

a)         The last sentence of Paragraph D is deleted, and in the first sentence of Paragraph D, the phrase "411.6 or 411.7, as appropriate, except when determined to be significant by the Commission" is deleted and replaced by the following phrase:  "421.1 or 421.2, as appropriate, except as otherwise authorized or determined by the Commission.  In determining whether to allow such an exception, the Commission shall consider, among other things, the prior rate treatment of the asset involved, the purpose for which the asset is used, and the length of time the asset is held.

 

b)         The following is added as Paragraph F:  "F. Gains or losses from abandonment shall be recorded in Account 434 or 435 as may be appropriate unless otherwise directed by the Commission.  In determining whether to direct alternate recording, the Commission shall consider, among other things, the history of the land parcel, and the reason for abandonment."

 

c)         Paragraph C is deleted in its entirety.

 

(Source:  Amended at 9 Ill. Reg. 4022, effective April 1, 1985)

 

Section 505.1051  Account 105.1

 

In Account 105.1, "Production properties held for future use," the changes set forth in the remainder of this Section are made.

 

a)         The last sentence of Paragraph D is deleted, and in the first sentence of Paragraph D, the phrase "411.6 or 411.7, as appropriate, except when determined to be significant by the Commission" is deleted and replaced by the following phrase:  "421.1 or 421.2, as appropriate, except as otherwise authorized or determined by the Commission."

 

b)         The following is added as Paragraph F:  "F.  Gains or losses from abandonment shall be recorded in Account 434 or 435 as may be appropriate unless otherwise directed by the Commission."

 

c)         Paragraph C is deleted in its entirety.

 

(Source:  Amended at 9 Ill. Reg. 4022, effective April 1, 1985)

 

Section 505.1080  Account 108 (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.1170  Account 117

 

In Account 117, Gas stored underground – Noncurrent, the following language replaces the instructions provided in Accounts 117.1, Gas stored – base gas, 117.2, System balancing gas, 117.3, Gas stored in reservoirs and pipelines – noncurrent, 117.4, Gas owed to system gas, and the special instructions to these accounts.

 

"A.       This Account shall include the cost of recoverable gas purchased or produced by the  utility which is stored in depleted or partially depleted gas or oil fields, or other underground reservoirs, and held for use in meeting service requirements of the utility's customers.

 

B.        Gas stored during the year shall be priced at cost according to generally accepted methods of cost determination consistently applied from year to year. Transmission expenses for facilities of the utility used in moving the gas to the storage area and expenses of storage facilities shall not be included in the inventory of gas except as may be authorized or directed by the Commission.

 

            NOTE B-1: In general, gas stored from the supply in an integrated system shall be priced at the average cost of the gas constituting the common supply of the system, although this general rule may be departed from where conditions of system operation of gas supply and utilization permit a valid presumption that the gas stored may be considered to be from specified sources, as indicated below.

 

            NOTE B-2: When in harmony with the over-all system operation of gas supply and utilization, and the presumption is consistently observed from year to year, gas stored during the year may be presumed to be from total gas purchases, or from purchases from specified sources. When either of these presumptions is proper, the cost of gas stored shall be the weighted average cost of all gas purchased, or the weighted average cost of purchases from the specified sources, as appropriate. The weighted average cost may be the average for the preceding twelve months, except, where a significant change occurs in the cost of gas, the full effect of such change shall be reflected for the period after the change is effective.

 

            NOTE B-3: When in harmony with the over-all system operation of gas supply and utilization, and the presumptions are consistently observed from year to year, gas stored during the year may be presumed to be from identified sources of the utility's own production. Such stored gas shall be priced at the weighted average cost of gas produced from the specified production areas. Where this presumption is made, or where the stored gas is identified as a matter of fact under circumstances which do not permit a proper application of the theory of displacement, the utility shall maintain separate records of the cost of gas produced from such areas and the derivation of the cost used for stored gas from such sources.

 

            NOTE B-4: Where gas is purchased specifically for storage, or a price concession is received because of the storing of purchased gas, such gas shall be priced at the net contract price of the gas so purchased and stored.

 

            NOTE B-5: The provisions of this instruction and the related footnotes shall not be construed as permitting or authorizing a restatement of the amounts at which stored gas inventories are stated on the utility's books at the effective date of this instruction, except as may be authorized by the Commission.

 

C.        Withdrawals of gas may be priced according to the first-in-first-out, last-in-first-out, or weighted average cost method, in connection with which a "base stock" may be employed provided the method adopted by the utility is used consistently from year to year and the inventory records are maintained in accordance therewith. Approval of the Commission must be obtained for any other pricing method, or change in the pricing method adopted by the utility.

 

D.        If the gas of any storage project is withdrawn below the amount established as "base stock" or encroaches upon native gas of a storage reservoir, and such gas is to be replaced within 12 months, it shall be permissible to price such gas at the estimated cost of replacement with purchased gas and to record a deferred credit therefor. For the purpose of this instruction, Account 808, Gas withdrawn from storage – Debit, shall be charged with the estimated cost of such replacement gas and Account 253, Other deferred credits, credited. When replacement of the gas is made, the amount in Account 253 shall be cleared and this account credited. This accounting will not affect normal accounting for inputs and withdrawals from storage.

 

E.         Separate records shall be maintained for each storage project of the Mcf of gas delivered to storage, withdrawn from storage, and remaining in storage. The projects shall be grouped, however, for the purpose of maintaining inventory cost records of the cost of gas in storage. Exceptions to this general rule are permitted in any of the following circumstances:

 

(a)        Projects at the supply end of long transmission lines,

 

(b)        Projects located on separate noninterconnected pipeline systems, and

 

(c)        Projects which by contractual arrangements approved by the Commission are devoted exclusively to the service of specified customers, and no portion of the gas withdrawals from any such project becomes part of the common system gas supply by displacement or otherwise.

 

            Where the utility establishes specified volumes of gas as "base stock," separate inventory cost records by projects shall be maintained therefor.

 

F.         Amounts debited to this Account for gas placed in storage shall be credited to Account 808.2, Gas delivered to storage – Credit. Amounts credited to this account for gas withdrawn from storage shall be debited to Account 808, Gas withdrawn from storage – Debit.

 

G.        Adjustments for inventory losses due to cumulative inaccuracies of gas measurements, or from other causes, shall be charged to Account 823, Gas losses. In the operation of storage projects, the utility shall maintain such procedures of verification as will disclose and result in prompt accounting recognition of significant losses. This account shall be credited with an amount equal to that debited to Account 164.1, Gas stored underground – Current, to classify for balance sheet purposes such portion of the total inventory of gas stored underground as constitutes a current asset according to conventional rules for classification of current assets. (See Account 164.1.)"

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.1641  Account 164.1

 

In Account 164.1, Gas stored underground – Current, the instructions shall be restated as follows:

 

            "This Account shall be debited with such amounts as are credited to Account 117, Gas stored underground – Noncurrent, to reflect classification for balance sheet purposes of such portion of the inventory of gas stored underground as represents a current asset according to conventional rules for classification of current assets."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.1642  Account 164.2

 

In Paragraph D of Account 164.2, Liquefied natural gas stored, the term "Dth" is replaced with "Mcf" to be stated as follows:

 

            "Withdrawals of gas may be priced according to the first-in-first-out, last-in-first-out, or weighted average cost method provided the method adopted by the utility is used consistently from year to year and inventory records are maintained in accordance therewith. Commission approval must be obtained for any other pricing method or for any change in the pricing method adopted by the utility. Separate records shall be maintained for each storage project of the Mcf of gas delivered to storage and remaining in storage."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.1643  Account 164.3

 

In Paragraph D of Account 164.3, Liquefied natural gas held for processing, the term "Dth" is replaced with "Mcf" to be stated as follows:

 

            "Withdrawals of gas held for vaporization may be priced according to the first-in-first-out, last-in-first-out or weighted average cost method provided the method adopted by the utility is used consistently from year to year and inventory records are maintained in accordance therewith. Commission approval must be obtained for any other pricing method or for any change from the pricing method adopted by the utility. Separate records shall be maintained for  Mcf of gas purchased for processing, processed, and remaining for processing."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.1660  Account 166

 

In Account 166, "Advances for gas exploration, development and production," the changes set forth in the remainder of this Section are made.

 

a)         The acronym "FERC" is inserted before the phrase "Order No. 529" in Paragraph A, before the phrases "Order No. 499" and "Order No. 465" in Paragraph B, and before the phrase "Order No. 513" in Paragraph E.

 

b)         In Paragraph J, the word "Secretary" is deleted and replaced by the word "Commission."

 

c)         Notes A through G are deleted in their entirety.

 

Section 505.1740  Account 174

 

In Account 174, Miscellaneous current and accrued assets, delete the "A" designating the first paragraph as Paragraph A and delete Paragraph B.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.2010  Accounts 201, 202, 203, and 204

 

In Account 201, Common Stock Issued, Account 202, Common Stock Subscribed, Account 203, Common Stock Liability for Conversion, and Account 204, Preferred Stock Issued, the following changes are adopted:

 

a)         Identify the NOTE as NOTE A.

 

b)         Adopt the following as NOTE B:

            "Records with respect to this account shall be maintained so as to identify the amount of discount, including underwriting discounts recorded in this account.  The records shall be kept so as to show separately the amount of discount on common stock issuances and preferred issuances.  Amounts which have been recovered through rates shall also be identified separately.  The details of this account as to amounts of discount on common and preferred stock issuances and amounts recovered through rates shall be disclosed in the annual report to the Commission (ICC Form 21).  This procedure may be followed for existing common stock expenses which have not been recovered through rates as of December 31, 1993."

 

(Source:  Added at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.2070  Account 207

 

In Account 207, Premium on Capital Stock, add the following as NOTE A:

 

            "Records with respect to this account shall be maintained so as to identify the amount of discount, including underwriting discounts recorded in this account.  The records shall be kept so as to show separately the amount of discount on common stock issuances and preferred issuances.  Amounts which have been recovered through rates shall also be identified separately.  The details of this account as to amounts of discount on common and preferred stock issuances and amounts recovered through rates shall be disclosed in the annual report to the Commission (ICC Form 21).  This procedure may be followed for existing common stock expenses which have not been recovered through rates as of December 31, 1993."

 

(Source:  Added at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.2110  Account 211

 

In Account 211, Miscellaneous Paid In Capital, delete the word "all" in the last sentence of the first paragraph.

 

(Source:  Added at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.2140  Account 214

 

In Account 214, Capital Stock Expense, add the following to NOTE B:

 

            "The utility may elect to delay amortization of common stock expenses until the Commission determines the recoverability of such expenses through rates.  In any case, only those common stock expenses which remain unrecovered through rates shall be recorded in this account.  Common stock expenses that have been recovered through rates shall be amortized to Account 211, Miscellaneous Paid-In-Capital.  This procedure may be followed for existing capital stock expenses which have not been recovered through rates as of December 31, 1993."

 

(Source:  Added at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.2420  Account 242

 

In Account 242, Miscellaneous current and accrued liabilities, delete the "A" designating the first paragraph as Paragraph A and delete Paragraph B.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.3523  Account 352.3

 

In Account 352.3, Nonrecoverable natural gas, replace Paragraph B with the following language:

 

            "Such nonrecoverable gas shall be priced at the acquisition cost of native gas or, when acquired for storage by purchase or presumed to be supplied from the utility's own production, priced as outlined in Paragraph B of Account 117, Gas stored underground – Noncurrent. After devotion to storage, the cost of the gas shall not be restated to effect subsequent price changes in purchased gas or changes in the cost of gas produced by the utility. When the utility has followed the practice of adjusting nonrecoverable gas to the weighted average cost of gas purchased or supplied from its own production, cost shall be the weighted average cost of such gas at the effective date of this Account."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.4090  Account 409 (Reserved) (Repealed)

 

(Source:  Repealed at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.4160  Account 416

 

In Account 416, "Costs and expenses of merchandising, jobbing and contract work," Note A is deleted and replaced by the following:  "NOTE A: Classification between operating and nonoperating functions will depend upon the nature of the revenues, costs and expenses.  Refer to Accounts 914 and 915 for operating function classification."

 

Section 505.4261  Account 426.1 (Repealed)

 

 

 

(Source:  Repealed at 28 Ill. Reg. 340, effective December 31, 2003)

 

Section 505.4390  Account 439

 

Account 439, "Adjustments to retained earnings." The phrase "Director of Accounting of the" is added before "Commission."

 

(Source:  Amended at 18 Ill. Reg. 10701, effective July 1, 1994)

 

Section 505.4810  Account 481

 

In Paragraph C of Account 481, Commercial and industrial sales, the term "Dth" is replaced with "Mcf" to be stated as follows:

 

            "Records shall be maintained so as to show separately the revenues from commercial and industrial customers, as follows: Large commercial and industrial sales (wherein shall be included the revenues from customers which use large volumes of gas, generally in excess of 200,000 Mcf per year or approximately 800 Mcf per day of normal requirements. Reasonable deviations are permissible in order that transfers of customers between the large and small classifications may be minimized). Small commercial and industrial sales (wherein shall be included the revenues from customers which use volumes of gas generally less than 200,000 Mcf per year or less than approximately 800 Mcf per day of normal requirements)."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.4910  Account 491

 

In Account 491, Revenues from natural gas processed by others, the language in Paragraph B is restated as follows:

 

            "The records supporting this Account must be maintained so that full information concerning determination of the revenues will be readily available concerning each processor of gas of the utility, including as applicable: (a) the Mcf of gas and approximately average Btu content thereof per cubic foot delivered to such other party for processing, (b) the Mcf of gas and approximately average Btu content thereof per cubic foot of gas received back from the processor, (c) the field, general production area, or other source of the gas processed, (d) Mcf of gas used for processing fuel, etc., which is chargeable to the utility, (e) total gallons of each product recovered by the processor and the utility's share thereof, (f) the revenues accruing to the utility, and (g) the basis of determination of the revenues accruing to the utility. Such records shall be maintained even though no revenues are derived from the processor."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.4950  Account 495

 

In Account 495, Other gas revenues, delete item 8.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8050  Account 805

 

In Account 805, Other gas purchases, delete Paragraphs C and D.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8060  Account 806

 

In Account 806, Exchange gas, restate as follows:

 

            "This Account includes debits or credits for the cost of gas in unbalanced transactions where gas is received from or delivered to another party in exchange transactions and receipt and delivery of such gas is not completed during the accounting period. The costs are to be determined consistent with the accounting method adopted by the utility for its system gas. Contra entries to those in this Account are to be made to Account 174, Miscellaneous current and accrued assets, for gas receivable and to Account 242, Miscellaneous current and accrued liabilities, for gas deliverable under such transactions. Such entries must be reversed and appropriate contra entries made to this Account when gas is received or delivered in satisfaction of the amounts receivable or deliverable."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8081  Account 808.1

 

In Paragraph A of Account 808.1, Gas withdrawn from storage – Debit, restate as follows:

 

            "This Account shall include debits for the cost of gas withdrawn from storage during the year. Contra credits for entries to this Account shall be made to Account 117, Gas stored underground – Noncurrent, or Account 164.2, Liquefied natural gas stored, as appropriate."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8082  Account 808.2

 

In Paragraph A of Account 808.2, Gas delivered to storage – Credit, restate as follows:

 

            "This Account shall include credits for the cost of gas delivered to storage during the year. Contra debits for entries to this Account shall be made to Account 117, Gas stored underground – Noncurrent, or Account 164.2, Liquefied natural gas stored, as appropriate."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8130  Account 813

 

In Account 813, Other gas supply expenses, delete Paragraph B.

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8230  Account 823

 

In Account 823, Gas losses, restate as follows:

 

            "This Account shall include the amounts of inventory adjustments representing the cost of gas lost or unaccounted for in underground storage operations due to cumulative inaccuracies of gas measurements or other causes. (See Paragraph G of Account 117, Gas stored underground – Noncurrent.)  If, however, any adjustment is substantial, the utility may, with approval of the Commission, amortize the amount of the adjustment to this Account over future operating periods."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8456  Account 845.6

 

In Paragraph B of Account 845.6, Processing of liquefied or vaporized gas by others, the term "Dth" is replaced with "Mcf or Btu" to be stated as follows:

 

            "Records supporting this Account shall be so maintained that there shall be readily available for each agreement: the name of the other party, Mcf or Btu of gas delivered to the other party for processing and the Mcf or Btu of gas received back by the utility after processing, points of delivery to and receipt of gas from the other party, and amount and basis of charges for the processing service."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8540  Account 854

 

In Paragraph B of Account 854, Gas for compressor station fuel, the term "Dth" is replaced with "Mcf" to be stated as follows:

 

            "Records shall be maintained to show the Mcf of gas consumed at each compressor station and the cost of such gas."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.8580  Account 858

 

In Paragraph B of Account 858, Transmission and compression of gas by others, the term "Dth" is replaced with "Mcf" to be stated as follows:

 

            "Records supporting this Account shall be so maintained that there shall be readily available for each agreement: name of other party, Mcf of gas delivered to the other party for transmission or compression and the Mcf of gas received back by the utility after transmission or compression, points of delivery to and receipt of gas from other party, and amount and basis of charges for the transmission or compression service."

 

(Source:  Added at 22 Ill. Reg. 9543, effective June 1, 1998)

 

Section 505.9140  Accounts 914 and 915

 

Accounts 914 and 915, which are "Reserved" in 18 CFR 201, are changed to read as set forth in Appendix G, Exhibit A.

 

Section 505.9302  Account 930.2 (Repealed)

 

(Source:  Repealed at 28 Ill. Reg. 340, effective December 31, 2003)

 




Section 505.APPENDIX G   Operation and Maintenance Expense Accounts

 

Section 505.EXHIBIT A   Accounts 914 and 915

 

914      Revenues from merchandising, jobbing and contract work.

915      Costs and expenses of merchandising, jobbing and contract work.

 

A.        These accounts shall include respectively all revenues derived from the sale of merchandise and jobbing or contract work and all expenses incurred in such activities.

 

B.        Records in support of these accounts shall be so kept as to permit summarization of revenues, costs and expenses by major items.

 

ITEMS

 

Account 914:

 

1.         Revenues from sale of merchandise and from jobbing and contract work.

 

2.         Discounts and allowances made in settlement of bills from merchandise and jobbing work.

 

Account 915:

 

Labor:

 

1.         Canvassing and demonstrating appliances in homes and other places for the purpose of selling appliances.

 

2.         Demonstrating and selling activities in sales rooms.

 

3.         Installing appliances on customer premises where such work is done only for purchasers of appliances from the utility.

 

4.         Installing pipe, or other property work on a jobbing or contract basis.

 

5.         Preparing advertising materials for appliance sale purposes.

 

6.         Receiving and handling customer orders for merchandise or for jobbing services.

 

7.         Cleaning and tidying sales rooms.

 

8.         Maintaining display counters and other equipment used in merchandising.

 

9.         Arranging merchandise in sales rooms and decorating display windows.

 

10.          Reconditioning repossessed appliances.

 

11.          Bookkeeping and other clerical work in connection with merchandise and jobbing activities.

 

12.          Supervising merchandising and jobbing operations.

 

Materials and Expenses:

 

13.         Advertising in newspapers, periodical, radio, television, etc.

 

14.         Cost of merchandise sold and of materials used in jobbing work.

 

15.         Stores expenses on merchandise and jobbing stocks.

 

16.         Fees and expenses of advertising and commercial artists' agencies.

 

17.         Printing booklets, dodgers, and other advertising data.

 

18.         Premiums given as inducement to buy appliances.

 

19.         Light, heat, and power.

 

20.         Rent of sales rooms or of equipment.

 

21.         Transportation expense in delivery and pick-up of appliances by utility's facilities or by others.

 

22.         Stationery and office supplies and expenses.

 

23.         Taxes directly assignable to merchandising and jobbing operations.

 

24.         Losses from uncollectible merchandising and jobbing accounts.

 

Note A:  Classification between operating and nonoperating functions will depend upon the nature of the revenues, costs and expenses.  Refer to Accounts 415 and 416 for non-operating function classification.