Oregon Administrative Rules
Chapter 860 - PUBLIC UTILITY COMMISSION
Division 36 - WATER UTILITIES
Section 860-036-2390 - Accounting for Construction Work in Progress (CWIP)
Universal Citation: OR Admin Rules 860-036-2390
Current through Register Vol. 63, No. 12, December 1, 2024
(1) This rule applies to rate-regulated water utilities.
(2) CWIP is an accounting treatment for capital improvement projects under construction, but not yet placed in service. The treatment allows rate-regulated water utilities to place recoverable capital improvements costs into plant. The Commission may approve the cost of a specific capital improvement project into rates if:
(a) The capital improvement project is under
construction;
(b) The water utility
uses the additional revenues solely for the purpose of completing the capital
improvement project;
(c) The water
utility demonstrates that it is in the public interest to provide funding for
the capital improvement through rates; and
(d) The costs are approved by the
Commission.
Stat. Auth.: ORS 183, 756, 757
Stats. Implemented: ORS 756.040, 757.120, 757.355
Disclaimer: These regulations may not be the most recent version. Oregon 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
