SECTION 165:35-27-4. Accounting

(a)   The Uniform System of Accounts of FERC prescribed for Public Utilities and Licensees (Class A, B, C, and D) or prescribed by the RUS or other uniform system acceptable to the Commission may be adopted by a utility.

(b)   Electric utilities operating within Oklahoma shall be classed by revenue as follows:

CLASS		ANNUAL GROSS OPERATING REVENUE
	A	$2,500,000 or more
	B	$1,000,000 to $2,500,000
	C	$150,000 to $1,000,000
	D	$25,000 to $150,000

(c)   No change in or departure from the system used by the utility will be permitted except upon order of the Commission, made after notice and hearing.

(d)   The Annual Report FERC Form 1 - Class A and B Electric Companies and FERC Form 1A - Class C and D Electric Utility Companies promulgated by the FERC and RUS Report Form 7A promulgated by the RUS are hereby adopted for purposes of the annual report to this Commission by all Class A, B, C, and D Electric Utilities filing such reports with the FERC and the RUS. Each utility having multistate utility operations, in addition to submitting with the Commission a copy of its annual report to the FERC if any, shall submit an annual report on a form furnished or approved by the Commission, of its utility service and operations in the State of Oklahoma. Any allocation of costs or revenues necessary in developing results of utility operations for the State of Oklahoma shall be accomplished on a basis acceptable to the Commission.

(e)   The results of operations reported by each electric utility in its annual report to the Commission shall be reconciled with the results of operations shown on its books, records and in its other reports to the Commission.

(f)   Each utility shall report to the Commission at the end for the utility's fiscal year on forms furnished or approved by the Commission, the book value of its utility plant. These reports and annual reports required by (d) of this Section shall be delivered to the Commission within five (5) business days of the date such reports are filed with either the FERC or RUS; provided that the Commission may grant an extension for time for good cause shown. In the event that the utility has requested an extension of time from FERC or RUS, it will advise the PUD Director, in writing, of such filing delay.

[Source: Amended at 16 Ok Reg 2237, eff 7-1-99; Amended at 36 Ok Reg 620, eff 7-25-19]