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§ 1701. Mandatory systems of accounts

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 66 Pa.C.S.A. Public Utilities

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 66 Pa.C.S.A. Public Utilities (Refs & Annos)
Part I. Public Utility Code (Refs & Annos)
Subpart C. Regulation of Public Utilities Generally (Refs & Annos)
Chapter 17. Accounting and Budgetary Matters (Refs & Annos)
66 Pa.C.S.A. § 1701
§ 1701. Mandatory systems of accounts
The commission may, after reasonable notice and hearing, establish systems of accounts, including cost finding procedures, to be kept by public utilities, or may classify public utilities and establish a system of accounts for each class, and prescribe the manner and form in which such accounts shall be kept. Every public utility shall establish such systems of accounting, and shall keep such accounts in the manner and form required by the commission. The accounting system of any public utility also subject to the jurisdiction of a Federal regulatory body shall correspond, as far as practicable, to the system prescribed by such Federal regulatory body. The commission may require any such public utility to keep and maintain supplemental or additional accounts to those required by any such regulatory body.

Credits

1978, July 1, P.L. 598, No. 116, § 1, effective in 60 days.
66 Pa.C.S.A. § 1701, PA ST 66 Pa.C.S.A. § 1701
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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