65- 407 C.M.R. ch. 730, § 4
Each public utility shall submit with its first annual report to the Commission following the implementation of SFAS 109 a report showing the accounting effects of the adoption of the standard. Specifically, the utility shall indicate the accounting entries that were required in order to comply with the provisions of the standard. Sufficient detail shall be provided to identify the major categories and amounts of deferred tax assets and liabilities created by the adoption of the standard.
Utilities that recorded certain assets or liabilities at net-tax amounts should show any reclassification entries which were required due to the fact that this method is not allowed by SFAS 109. Utilities may seek waivers from the net-tax prohibition. Such requests must be in writing to the Commission and must contain justification for the use of net-tax accounting method.
65- 407 C.M.R. ch. 730, § 4