Illinois Administrative Code
Title 83 - PUBLIC UTILITIES
Part 712 - COST ALLOCATION FOR SMALL LOCAL EXCHANGE CARRIERS
Subpart C - CORPORATE ORGANIZATION AND AFFILIATE TRANSACTIONS
Section 712.25 - Affiliate Transactions
Current through Register Vol. 48, No. 12, March 22, 2024
a) The cost allocation procedures included in this Part specify the methodology to apportion costs between regulated and nonregulated activities. Each local exchange carrier shall have on file at the carrier's headquarters and available to Commission Staff, upon request, a description of the type of affiliate transactions that are either provided to regulated operations by nonregulated entities or to nonregulated entities by regulated operations. (See Section 7-101 of the Act.)
b) The filing shall include the following details for each affiliate transaction:
c) Transactions between carriers and their affiliates are to be recorded on the carrier's books at market price, if market price can be determined from a price list or tariff. In the absence of a list or tariff price, assets transferred from the carrier to the nonregulated entity are to be recorded at the higher of the net book cost or fair market value, while assets transferred from the nonregulated entity to the company are to be recorded at the lower of net book cost or fair market value. Services for which there exists no list or tariff price are to be valued using fully distributed cost. (See 83 Ill. Adm. Code 710.27.)