Common use of General Accounting Matters Clause in Contracts

General Accounting Matters. Determinations by Operator on all accounting matters related to the transactions contemplated by this Agreement will be in accordance with Generally Accepted Accounting Principles and the Securities and Exchange Commission's Uniform System of Accounts for Mutual and Subsidiary Service Companies, utilizing the accrual method of accounting, unless otherwise specifically provided in this Agreement or mutually agreed by Operator and Owner or as prescribed by other regulatory agencies having jurisdiction, as in effect from time to time.

Appears in 5 contracts

Samples: Operating Agreement (Gulf Power Co), Operating Agreement (Gulf Power Co), Operating Agreement (Southern Power Co)

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