Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part I - Public Utility Commission
Subpart C - Fixed Service Utilities
Chapter 71 - FINANCIAL REPORTS
Section 71.2 - Definitions

The following words and terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise:

Actual per books-The revenues, expenses and investment amounts which reflect the unadjusted results of operations for the 12-month periods ending each March 31, June 30, September 30 and December 31 as recorded in the public utility's financial books of account.

Annualization adjustments-Adjustments to bring a public utility's accounts to a 12-month level of activity for changes to the account which occur before the end of the reported 12-month period.

Commission-The Pennsylvania Public Utility Commission of the Commonwealth.

intrastate-The portion of a public utility's revenues, expenses and investment amounts which is subject to State jurisdiction.

Normalization adjustments-In-period adjustments to eliminate or levelize for abnormal, unusual or nonrecurring items occurring before the end of the reported 12-month period.

Ratemaking adjustments-Adjustments to a public utility's actual per book amounts to reflect disallowances made in prior cases by the Commission to revenues, expenses and investment which are not reflected in the public utility's financial books of account.

Secretary-The Secretary of the Commission.