Michigan Administrative Code
Department - Licensing and Regulatory Affairs
Public Service Commission
Preservation of Records of Electric, Gas, And Water Utilities
Part 2 - SCHEDULE OF RECORDS AND PERIODS OF RETENTION
Section R. 460.2574 - State and federal regulatory commission records; retention periods
Universal Citation: MI Admin Code R. 460.2574
Current through Vol. 24-16, September 15, 2024
Rule 74. The following state and federal regulatory commission records shall be retained for the periods listed:
| (a) Annual financial, operating, and statistical reports. | Life of the corporation. |
| (b) Monthly and quarterly reports of operating revenues, expenses, and statistics. | 2 years after current year. |
| (c) Special or periodic reports on the following subjects: | |
| (i) Transactions with associated companies. (ii) Budgets of expenditures. | 6 years. 3 years. |
| (iii) Accidents. | 6 years. |
| (iv) Employees and wages. | 5 years. |
| (v) Loans to officers and employees. | 3 years after fully paid. |
| (vi) Issues of securities. | See rules 13(c) and 14. |
| (vii) Purchases and sales, utility properties. (viii) Plant changes - units added and retired. (ix) Service interruptions. | Life of the corporation. Life of the corporation. 6 years. |
Disclaimer: These regulations may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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