SECTION 165:70-5-23. Section C - Plant in service

  Section C - Plant in service of the supplemental package shall contain workpapers and documentation as follows:

(1)   W/P C-1 - Test Year End Plant in Service: A schedule which provides the balances by industry-applicable major account or functional account for the test year and the first preceding year.

(A)   W/P C-1-1 - Changes to Plant in Service: A schedule of major additions, reclassifications or adjustments to plant during the test year and the first preceding year, by functional classification and including a brief description of the item.

(B)   W/P C-1-2 - Reconciliation: A schedule which contains an annual reconciliation, with additions and retirements presented separately, for the plant in service balances from the accounts reflected in the test year in the last rate case to the amounts included by the utility in the current application.

(2)   W/P C-2 - Adjustments to Plant in Service: Workpapers which provide the underlying computation(s) of each adjustment presented on Schedule C-2 in the application package. The workpapers shall be referenced beginning with W/P C-2-1 for adjustment number 1 and proceeding through all adjustments, i.e., W/P C-2-2 for adjustment number 2, W/P C-2-3 for adjustment number 3, etc.

(3)   W/P C-3 - No workpaper is required for this label.

(4)   W/P C-4 - Construction Work in Progress (CWIP) Analysis: An analysis of the test year end balances that indicates, by project, the amounts spent at test year end, the actual amounts for completed projects, and the actual or estimated completion date. Also provide the functional account classification and distribution for the CWIP project, if available. To the extent rate base treatment of CWIP is requested in the current application, the quantifiable impact, if any, the project is anticipated to have on operating income (excluding rate base and depreciation expense) shall also be provided. (For telephone companies, the workpapers for this section shall be entitled "Telephone Plant Under Construction (TPUC)".)

(A)   W/P C-4-1 - Canceled/Delayed/Abandoned Projects: An analysis of all projects that have been canceled, delayed and/or abandoned since the end of the test year.

(B)   W/P C-4-2 - Preliminary Survey and Investigation Charges: A description of the accounting procedures relating to preliminary survey and investigation charges and the procedures followed when such projects or surveys are abandoned or discontinued. If applicable, identify where these projects are included in rate base.

(C)   W/P C-4-3 - Reimbursable Projects: A listing of all reimbursable projects, both billed and unbilled, at test year end.

(5)   W/P C-5 - Sale of Utility Plant: A schedule identifying and listing any major sales of land or other utility plant during the test year and the first preceding year. Include the date of the transaction, a brief description, the amount of the sale, the net book value of the property, and a copy of the journal entry recording the sale.

(6)   W/P C-6 - Utility Property Sold: A schedule identifying and listing any major utility property sold, or committed to sell, subsequent to test year end. Include, if available, the date of the transaction, a brief description, the amount of the sale, the net book value of the property, and a copy of the journal entry recording the sale.

(7)   W/P C-7 - Property Devoted to Utility Use: A listing of all major purchases of property which was previously devoted to utility use since the last test year end. To the extent the information is available, include the name of the seller, the purchase price, the original cost of the property at the time the property was first devoted to public service, the accumulated depreciation recorded by the previous owner, a complete description of the facilities, any securities assumed, the transaction date, and the accounts charged.

(8)   W/P C-8 - Calculation of Allowance for Funds Used During Construction (AFUDC) or Interest During Construction (IDC): This schedule shall include a complete statement of the methods and procedures followed and the calculations used in capitalizing the allowance for funds used during construction (or interest during construction). The information provided shall include a listing of the capitalization rates for each year since the last test year end.

(9)   W/P C-9 - Reimbursements of Cost: A schedule of reimbursements and their amortization, if applicable, for any highway relocations and/or other construction cost reimbursements.

(10)   W/P C-10 - Plant Leased to Others: A listing of all major plant leased to others. The listing shall include a description of each item, the lessee, the account in which the property is recorded and the revenues and expenses, by lessee, for the test year.

(11)   W/P C-11 - Plant Leased from Others: A listing of all major utility plant leased from others. The listing shall include a description of the property, the transaction date, the lease expense for the test year and the lease term. In addition, for capitalized leases, include the accounting entries which initially record the asset value and the related liability for the lease obligation and the amortization of the leasehold rights and obligations.

(12)   W/P C-12 - Vehicle Policy: A statement of the utility's policy regarding personal use of utility vehicles, whether the vehicles are utility-owned or leased.

(13)   W/P C-13 - Property Held for Future Use: A schedule of all property held for future use if included in rate base. The schedule shall include, for each item, a description, the amount and account in which the property is recorded, the date of acquisition/completion, the date the property is expected to be placed in service and the specific plans for use.

(14)   W/P C-14 - Physical Inventory: A workpaper providing the dates, results and accounting entries for the latest physical inventory, if applicable.

[Source: Added at 11 Ok Reg 3753, eff 7-11-94]