Nevada Administrative Code
Chapter 704 - Regulation of Public Utilities Generally
ADDITIONAL REGULATIONS CONCERNING CERTAIN TELECOMMUNICATION SERVICES
Adjustment of Intrastate Charges and Rates by Telephone Companies
Section 704.7541 - Data supporting proposed rates; working papers; material available for verification

Universal Citation: NV Admin Code 704.7541

Current through December 12, 2024

1. The data in support of the proposed charges must include the recorded data, adjustments, and other computations and information on which the applicant relies to justify the proposed rates.

2. If any data or summaries included in the application reflect the applicant's book of accounts, the data or summaries must be supported by the accountant's working papers. The papers must contain all the necessary particulars from which an auditor may readily identify the data or summaries from the book of accounts which are included in separate columns and may verify that the data are in agreement with the applicant's book of accounts.

3. The applicant must:

(a) Prepare statements, schedules and working papers in accordance with the classifications provided in the Uniform System of Accounts; and

(b) Prepare and maintain working papers which are sufficient to support the application. Any failure of the applicant to file such papers with its application is a cause for the Commission to reject the application in its entirety.

4. In addition to the working papers, the following material, if normally prepared by the applicant, must be made available for verification and analysis by the Commission's staff and the Consumer's Advocate, and copies of the material must be furnished to the Commission's staff or the Consumer's Advocate, upon request:

(a) Monthly financial reports prepared for managerial purposes;

(b) Accounting analyses of accounts listed on the balance sheet;

(c) Complete trial balances of all:
(1) Accounts listed on the balance sheet at the beginning and end of the 12 months of actual experience; and

(2) Accounts for revenue and expenses for the 12 months of recorded data used for the application;

(d) Analyses of the miscellaneous revenues and related expenses which are included in the results of operations as submitted to the Commission;

(e) Analyses of accounts showing retained earnings or capital surplus;

(f) All relevant reports and correspondence with other regulatory agencies;

(g) All relevant reports, returns and correspondence with federal, state and local taxing authorities;

(h) All managerial studies prepared by outside consultants and all managerial reports and letters prepared by outside auditors;

(i) Analyses of all expenses included in the submitted results of operations; and

(j) Additional working papers in support of other recorded data.

Added to NAC by Pub. Service Comm'n, 7-16-85, eff. 8-1-85

NRS 703.025, 704.210

Disclaimer: These regulations may not be the most recent version. Nevada 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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