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. 460.2582 - Records of predecessors and former associates; retention period
Current through Vol. 24-16, September 15, 2024
Rule 82. Records of predecessors and former associates shall be retained until the records of utility plant acquired have been integrated with the utility' s plant records and the original cost of the acquired plant is adequately supported by cost details, and until it is ascertained that such records are not necessary to the fulfillment of any unsatisfied regulatory requirement, such as any of the following:
(a) Approval and recording of accounting adjustments resulting from reclassification and original cost studies and acceptance of property acquisition journal entries.
(b) Cost, depreciation reserve, and amortization reserve determinations for licensed projects.
(c) Establishment of continuing plant inventory records or accounting evidence of the cost of long-lived property in the absence of such continuing plant inventory records.
