250.1 250.2 Reserve for Depreciation of Gas Plant. Reserve for Amortization and Depletion of Producing Natural Gas Land and Land Rights. 250.3 Reserve for Abandoned Leases. 251. 252. 253. Reserve for Amortization of Other Limited-Term Gas Investments. 254. Reserve for Uncollectible Accounts. 100. Gas Plant. BALANCE SHEET ACCOUNTS ASSETS AND OTHER DEBITS I. UTILITY PLANT There shall be reported by this caption the balances in accounts 100.1, 100.2, 100.3, 100.4, 100.5, and 100.6. 100.1 Gas Plant in Service. A. This account shall include the original cost of gas plant, included in accounts 301 to 390, together with the amounts recorded in accounts 391 and 392, owned and used by the utility in its gas operations, including such property owned by the utility but held by nominees. B. The cost of additions to and betterments of property leased from others shall be recorded in this account, but such cost shall be maintained in subdivisions entirely separate and distinct from those relating to owned property. (See Gas plant instruction 7.) 100.2 Gas Plant Leased to Others. A. This account shall include the original cost of gas plant owned by the utility, but leased to others as operating units or systems, where the lessee has exclusive possession. B. The property included in this account shall be classified according to the detailed accounts (301 to 392) for gas plant in service (account 100.1), and this account shall be maintained in such detail as though the property were used by the utility in its gas operations. 100.3 Construction Work in Progress. This account shall include the total of the balances of work orders for gas plant in process of construction but not ready for service at the date of the balance sheet. NOTE.-If a project, such as a gas production plant, is designed to consist of two or more units which may be placed in service at different dates, any expenditures which are common to and which will be used in the operation of the project as a whole shall be included in gas plant in service upon the completion and the readiness for service of the first unit. Any expenditures which are identified exclusively with units of property not yet in service shall be included in this account. 100.4 Gas Plant Held for Future Use. A. This account shall include the original cost of property owned and held for use in gas service under a definite plan for such use. There shall be included herein property acquired but never used by the utility in gas service, but held for such service in the future under a definite plan, and property previously used by the utility in gas service, but retired from such service and held pending its reuse in the future, under a definite plan, in gas service. This includes land and land rights held to insure a future supply of natural gas. (See Gas plant instruction 9-I.) B. The property included in this account shall be classified according to the detailed accounts (301 to 392) for gas plant in service and the account shall be maintained in such manner and in such detail as though the property were in service. NOTE A.-Materials and supplies, meters, and house regulators held in reserve shall not be included in this account. NOTE B.-Include in this account natural gas wells shut in after construction which have not been connected with the line; also natural gas wells which have been connected with the line but which are shut in for any reason excepting seasonal excess capacity or governmental proration requirements or for repairs. 100.5 Gas Plant Acquisition Adjustments. A. This account shall include the difference between (a) the cost to the accounting utility of gas plant acquired as an operating unit or system by purchase, merger, consolidation, liquidation, or otherwise, and (b) the original cost, estimated if not known, of such property, less the amount or amounts which may be credited to the depreciation, and amortization and depletion reserves of the accounting utility at the time of acquisition with respect to such property. The account shall be so subdivided, when practicable, as to show the amounts applicable to gas plant in service, gas plant leased to others, and gas plant held for future use. (See Gas plant instructions 2, 3, and 4.) B. Whenever practicable, this account shall be subdivided according to the character of the amounts included herein for each property acquisition. Ĉ. The amounts recorded in this account with respect to each property acquisition shall be depreciated, amortized, or otherwise disposed of, as the Commission may approve or direct. 100.6 Gas Plant in Process of Reclassification. A. There shall be closed to this account the book cost of gas plant (formerly called "fixed capital" in many systems of accounts) as of the effective date hereof. The detail or primary accounts in support of this account employed prior to such date shall be continued pending reclassification into the gas plant accounts herein prescribed (301–392), but shall not be used for additions, betterments, or new construction. B. No charges other than as provided in paragraph A above shall be made to this account, but retirements of gas plant owned as of the effective date hereof shall be credited hereto and to the supporting (old) fixed capital accounts until the reclassification shall have been accomplished. 107. Gas Plant Adjustments. A. This account shall include the difference between the original cost, estimated if not known, and the book cost of gas plant, at the effective date of this system of accounts, to the extent that such difference is not properly includible in Account 100.5, Gas Plant Acquisition Adjustments. Write-ups of gas plant prior to the effective date of this system of accounts shall be recorded herein. B. The amounts included in this account shall be classified in such manner as to show the nature of each amount included herein and shall be disposed of as the Commission may approve or direct. NOTE. The provisions of this account shall not be construed as approving or authorizing the recording of appreciation of gas plant. 108. Other Utility Plant. There shall be included under this caption the balances in accounts for utility plant, other than gas plant, such as water, railway, etc. II. INVESTMENT AND FUND ACCOUNTS 110. Other Physical Property. A. This account shall include the cost to the utility of land, structures, and equipment owned by the utility, but not used in gas service and not properly includible in Account 100.4, Gas Plant Held for Future Use, or in Account 108, Other Utility Plant. B. The records supporting the entries to this account shall be so kept that the utility can furnish information as to the nature and cost of each kind of property, from whom it was acquired, its location, and its use. 111. Investments in Associated Companies. There shall be reported by this caption the amounts included in accounts 111.1 and 111.2. 111.1 Investments in Securities of Associated' Companies. A. This account shall include the book cost of the utility's investment in securities issued or assumed by associated companies and held as permanent or long-term investments. B. The account shall be maintained in such manner as to show each class of investment in each associated company. NOTE.-Securities of associated companies owned and pledged shall be included in this account but such securities if held in special deposits or in special funds shall be included in the appropriate deposit or fund account. A complete record of securities pledged shall be maintained. 111.2 Advances to Associated Companies. A. This account shall include the amount of investment advances to associated companies and interest accrued on such advances when such interest is not subject to current settlement. (See Account 126, Receivables from Associated Companies.) B. The account shall be maintained in such manner as to show the advances to each associated company. NOTE A.-Balances in open accounts with associated companies which are subject to current settlement shall be excluded from this account and included in Account 126.2, Accounts Receivable from Associated Companies. NOTE B.—Advances made to associated companies without expectation of reimbursement shall be charged to Account 538, Miscellaneous Income Deductions. 112. Other Investments. A. This account shall include the book cost of the utility's investment in securities issued or assumed by nonassociated companies, investment advances to such companies, and any investments not accounted for elsewhere. Securities held as temporary cash investments shall not be included in this account. B. The records shall be maintained in such manner as to show the amount of each investment and the investment advances to each person. NOTE. Securities owned and pledged shall be included in this account, but securities held in special deposits or in special funds shall be included in the appropriate deposit or fund account. A complete record of securities pledged shall be maintained. 113. Sinking Funds. This account shall include the assets held in sinking funds. A separate account, with appropriate title, shall be kept for each sinking fund. NOTE. Nothing herein contained shall be construed as preventing a utility from transferring applicable sinking or other funds to Account 121.3, Miscellaneous Special Deposits, for the purpose of paying matured sinking fund obligations, or obligations called for redemption but not presented, or the interest thereon. 114. Miscellaneous Special Funds. There shall be reported by this caption the amounts included in accounts 114.1 and 114.2. 114.1 Depreciation Fund. This account shall include the assets which have been segregated in a special fund for the purpose of identifying such assets with the reserve for depreciation. 114.2 Other Special Funds. This account shall include assets which have been segregated in special funds for insurance, employees' pensions, savings, relief, hospital, and other purposes not provided for elsewhere. A separate account, with appropriate title, shall be kept for each fund. NOTE.-Amounts deposited with a trustee under the terms of an irrevocable trust agreement for pensions or other employees' benefits shall not be included in this account. 120. Cash. III. CURRENT AND ACCRUED ASSETS This account shall include the utility's current cash funds except working funds. (See Account 122, Working Funds.) 121. Special Deposits. There shall be reported by this caption the amounts included in accounts 121.1, 121.2, and 121.3. 121.1 Interest Special Deposits. Special deposits with fiscal agents or others for the payment of interest shall be charged to this account. When interest is paid from the deposits the amount shall be credited to this account and charged to the appropriate accrued interest account. 121.2 Dividend Special Deposits. Special deposits with fiscal agents and others for the payment of dividends on behalf of the utility shall be charged to this account. When dividends are paid from these deposits, the amount thereof shall be credited to this account and charged to the appropriate dividends payable account. 121.3 Miscellaneous Special Deposits. Special deposits with fiscal agents or others for special purposes other than the payment of interest and dividends shall be charged to this account. Such special deposits may include cash deposited with Federal, State, or municipal authorities as a guaranty for the fulfillment of obligations; cash deposited with trustees to be held until mortgaged property sold, destroyed, or otherwise disposed of, is replaced; and also cash realized from the sale of the accounting |