(a) General. A taxpayer shall maintain and make available for examination on request by the board or its authorized representatives, records in the manner set forth at California Code of Regulations, Title 18, Section 4901.(b) Specific Applications. In addition to the record keeping requirements set forth in subdivision (a), a taxpayer shall comply with the following requirements. Every electric utility engaged in generating, purchasing, transmitting, distributing, consuming, or selling electrical energy in this state shall keep and maintain adequate and complete records showing:
(1) The electrical energy generated, purchased, transmitted, distributed, consumed, and sold in this state.(2) Meter readings and other records as may be necessary for the accurate determination of the kilowatt-hours of electrical energy generated, purchased, consumed, or sold in this state. For sales or use measured by a basis other than metering, the records shall show the other measurement and the method of computing the kilowatt-hours of electrical energy so sold or used.(3) All deductions allowed by law and claimed in filing returns, except for the electrical energy used or lost in generation, transmission, and/or distribution.(4) The methods and amounts used in computing its reports of estimates of future availability, generation, sales, and consumption of electrical energy.Cal. Code Regs. Tit. 18, § 2343
1. New subsections (a) and (b) and new NOTE filed 4-28-2003; operative 5-28-2003 (Register 2003, No. 18). Note: Authority cited: Section 40171, Revenue and Taxation Code. Reference: Sections 40172, 40173, 40174 and 40175, Revenue and Taxation Code.
1. New subsections (a) and (b) and new Note filed 4-28-2003; operative 5-28-2003 (Register 2003, No. 18).