Reporting Interest During Construction
Question: Where should amounts relating to interest during construction be reported on Statement E - Source and Application of Funds for the Year, schedule pages 118 and 119, of the F.P.C. Forms No. 1 and No. 2?
Revenues Received from States for Collecting and Remitting Tax Payments
Question: What is the proper accounting for revenues received from the States, or other political subdivisions of the United States for collecting and remitting certain withholding, sales, local occupational, etc. taxes?
Hydrostatic Testing of Gas Main and Pipelines
Question: What is the proper accounting treatment for costs incurred in hydrostatic testing of gas mains and pipelines to meet the requirements of the USAS N31.8, 1968 Code, which became Federal standards under legislation passed by Congress August 12, 1968?
Gas Turbine Generating Plants
Question: A utility installs a gas turbine generating unit or units on its system, or on customers' premises, to provide electric service to some or all of its customers.
Income Tax Effect of Non-recurring Gains or Losses
Question: Certain items are recorded directly in Account 434, Miscellaneous Credits to Surplus, and Account 435, Miscellaneous Debits to Surplus, respectively.
Regulatory Commission Expenses
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?
Nonproductive Gas Well Drilling Costs
Question: What is the proper accounting for recognizing currently nonproductive gas well drilling costs for companies regularly involved in drilling operations?
Deferrals of Tax Benefits
Question: Section 11 of the Internal Revenue Code of 1954 was modified by the Revenue Act of 1964 reducing corporate tax rates effective January 1, 1964.
Antitrust Violations
Question: What is the proper accounting for amounts received by companies subject to the FPC Uniform System of Accounts from suppliers of equipment and supplies, arising from claimed overcharges resulting from antitrust violations?
Discriminatory Employment Practices
Question: What is the proper accounting treatment for expenditures made by the utility, resulting from employment practices that were found to be discriminatory by a judicial or administrative decree or that were the result of a compromise settlement or consent decree?