Section 170 IAC 1-5-5 - Accounting methodology and guidelines for cutoffsAuthority: IC 8-1-1-3
Affected: IC 8-1-2-42
Sec. 5.
All information filed by an electing utility under this rule shall conform to the following accounting guidelines:
(1) The test year shall be historical for a twelve (12) month period, the end of which may not be more than one hundred eighty (180) days prior to the filing of the utility's case-in-chief.(2) Accounting data shall be adjusted for changes that:(A) for ratemaking purposes, are: (B) will occur within twelve (12) months following the end of the test year.(3) The general rate base cutoff shall be the end of the test year for used and useful property.(4) The cost of plant, to the extent not offset by:(A) growth in the depreciation reserve;(B) net contributions in aid of construction;(C) net customer advances; or(D) any combination of clauses (A) through (C); may be updated to the plant cutoff date set by the presiding officer under section 2.1(c)(2)(B) of this rule. (5) The cutoff for a major project shall be based on the latest information available at the time of the major project cutoff date set by the presiding officer under section 2.1(c)(2)(C) of this rule so long as the following tests are met: (A) The major project is specifically identified in the utility's petition for a general rate change and should include a complete description of the project. A complete description of the project includes, among other things, the scope and location of the project.(B) An estimate of the investment to be made by the utility in a major project is included in the utility's case-in-chief.(C) The amount included in the utility's rate base with respect to the major project does not exceed the amount of the estimate referred to in clause (B).(D) A monthly investment update is filed with the commission and served on all parties following the filing of a utility's case-in-chief.(E) The major project is declared by the electing utility to be used and useful ten (10) business days before the final hearing.(6) A utility's capital structure may be based on the latest information available at the time of the final hearing.Indiana Utility Regulatory Commission; 170 IAC 1-5-5; filed Oct 28, 1998, 3:38 p.m.: 22 IR 722; readopted filed Nov 23, 2004, 2:30 p.m.: 28 IR 1315; filed Jul 31, 2009, 8:28 a.m.: 20090826-IR-170080670FRAReadopted filed 6/9/2015, 3:18 p.m.: 20150708-IR-170150103RFAReadopted filed 10/7/2021, 1:05 p.m.: 20211103-IR-170210349RFA