Alabama Administrative Code
Title 770 - ALABAMA PUBLIC SERVICE COMMISSION
Chapter 770-X-2 - GENERAL RULES GOVERNING UNIFORM SYSTEM OF ACCOUNTING AND REPORTING OF UTILITIES
Section 770-X-2-.05 - Section 5

Each utility shall so keep its general, subsidiary and books of original entry, together with all documents pertaining to either plant or operating accounts as clearly to reflect the cost of its properties, including additions thereto and retirements therefrom; also as correctly to record income and expense and to facilitate the calculation of gross and net returns. Each entry must be capable of support by definite history of the transaction recorded to the end that ready and exact verification in detail of all facts may be obtained. The books and records to which reference is made in this paragraph include not only those called books in a technical sense, but all stock books, minute books, charts, maps, drawings, contracts and writings, invoices, vouchers of whatever nature, store room records and other records which are connected with the operations and history and development of the utility and its properties.

Author: Alabama Public Service Commission

Statutory Authority: Code of Ala. 1975, §§ 37-1-32, 37-1-38, 37-1-54.