Current through Vol. 24-16, September 15, 2024
Rule 1.
(1) The
federal uniform system of accounts for rural utilities service electric
borrowers promulgated by the United States Department of Agriculture and
codified at 7 CFR 1767, as amended through January 1, 2010, is adopted by
reference in these rules as of January 1, 2011. The rules are prescribed for
the use of electric cooperatives under the jurisdiction of the Michigan public
service commission, subject to the following exceptions and conditions unless
otherwise ordered by the Michigan public service commission:
(a) The rules shall not apply to electric
cooperatives that have elected to be member-regulated and have complied with
the requirements of MCL 460.31 et seq.
(b) The federal uniform system of accounts
for rural utilities service electric borrowers shall supersede the federal
system of accounts for major and nonmajor electric utilities in the event of a
conflict.
(c) All orders and
practices of the Michigan public service commission in effect as of the
effective date of this rule with accounting impacts that conflict with
provisions of the uniform system of accounts for rural utilities service
electric borrowers at the request of or affecting each specific utility shall
remain in effect, and future orders and practices with such impacts shall
supersede the provisions of the uniform system of accounts for rural utilities
service electric borrowers for Michigan retail jurisdictional
purposes.
(d) All references to
federal statutes, federal regulations, and other federal documents are
inapplicable where they are not applicable to the jurisdiction exercised by the
Michigan public service commission.
(2) Each electric cooperative subject to this
rule shall file the following with the Michigan public service commission:
(a) In utility filings and other
correspondence with the United States Department of Agriculture or its staff,
on and after the effective date of this rule, regarding the utility's
accounting practices or the uniform system of accounts for rural utilities
service electric borrowers, including but not limited to requests for
accounting guidance and or approval of accounting entries, the portion of the
initial filing or correspondence by the utility relating to accounting
practices or the uniform system of accounts for rural utilities service
electric borrowers, and the final disposition of the matter.
(b) In other changes in the utility's
accounting practices prompted by the United States Department of Agriculture
orders, directives, or correspondence, a written explanation of the change in
practice.
(c) In the regular
periodic or special compliance audits performed on and after the effective date
of this rule by the United States Department of Agriculture or its staff,
notification of the commencement of the audit and a copy of the final audit
report.
(3) The adopted
regulations are available via the internet at www.gpoaccess.gov/cfr/ at no
charge as of the time of the adoption of these rules. A printed copy of the
code of federal regulations, Title 7, Agriculture, parts 17001799, revised as
of January 1, 2010, is available from the United States government printing
office, 732 N. Capitol Street, NW, Washington, DC 20401, or by telephone at
1-866-512-1800 (toll free) or 202-512-1800 for a cost of as of the time of the
adoption of these rules of $68.00. The uniform system of accounts may also be
purchased online at http://bookstore.gpo.gov/, or from the Michigan Department
of Energy, Labor, and Economic Growth, Michigan Public Service Commission, P.O.
Box 30221, Lansing, Michigan, 48909 for a cost as of the time of adoption of
these rules of $68.00 plus shipping and handling.
