FERC Accounts definition

FERC Accounts means the accounts maintained by Seller with respect to the Business in accordance with the FERC Accounting Rules, as modified by the rules and regulations of the Applicable Commission.

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FERC Accounts. The FERC Uniform System of Accounts prescribed for Public Utilities and Licensees (Class A and Class B). References in this Agreement to a specific FERC account number shall mean the number in effect as of the date of this Agreement and any successor account number.

FERC Accounts means the accounts listed on lines 12-32 and 39-48 of Schedule 3.1-C maintained by Seller with respect to the Business in accordance with the FERC Accounting Rules.

Examples of FERC Accounts in a sentence

• Generally accepted accounting principles in accordance with FERC Accounts applicable to electric utility operations.

• Accumulated Provision for Depreciation for Electric Plant in Service and Nuclear Fuel is recorded in FERC Accounts 108 and 120.5, respectively.

• The Provision for Deferred Income Taxes is recorded in FERC Accounts 410.1 and 411.1, amounts debited and amounts credited, respectively.

• Accumulated Deferred Income Taxes included in FERC Accounts 190 and 281-283 are classified to the production, nuclear fuel, transmission, distribution and general plant functions in the same detail as the original cost of the plant in service.

• Transmission plant investment recorded in FERC Accounts 350 through 359.

• Amortization expense included to determine the charges among the Parties are recorded in FERC Accounts 404, 405, 406, and 407.

• Distribution substation plant investment recorded in FERC Accounts 360, 361 and 362.

• The Adjustment Amount will be the sum of the following amounts, in each case determined as of the Effective Time: (i) the Net Plant Adjustment; (ii) the net total Book Value of the FERC Accounts; (iii) the Lease Buy-Out Amount; and (iv) the Extraordinary Expenditures Adjustment.

• Revenue for Production-Related Services is recorded in FERC Accounts 454 - Rent From Electric Property and 456 - Other Operating Revenue.

• Regional Market Operating and Maintenance Expenses are recorded in FERC Accounts 575 through 576.

More Definitions of FERC Accounts

FERC Accounts. The FERC's "Uniform System of Accounts Prescribed for Public Utilities and Licensees," subject to the provisions of the Federal Power Act in effect as of the date of this Agreement, and as such system of accounts may be in effect from time to time. Reference in this Agreement to any specific FERC Account number shall mean the FERC Account number in effect as of the effective date of this Agreement or any corresponding successor FERC Account.

FERC Accounts. The Federal Energy Regulatory Commission’s “Uniform System of Accounts Prescribed for Public Utilities and Licensees (Class A and Class B)in effect on December 23, 2019, and as such, system of accounts may he in effect from time to time. References in this Co-Tenancy Agreement to specific FERC Account number(s) shall mean the FERC Account numbei'(s) in effect as of the effective date of this Co-Tenancy Agreement or any successor FERC Account . number(s),

FERC Accounts means the uniform system of accounts established by FERC for public utilities and licensees subject to the provisions of the Federal Power Act, as in effect from time to time.

FERC Accounts means the accounts listed on lines 13-35 and 42-51 of Exhibit 3.1.C maintained by Aquila with respect to the JEC Transferred Interest in accordance with the FERC Accounting Rules.