Section 460.2574. State and federal regulatory commission records; retention periods.

Rule 74. The following state and federal regulatory commission records shall be retained for the periods listed:

(a)  Annual financial, operating, and statistical reports.

Life of the corporation.

(b)  Monthly and quarterly reports of operating revenues, expenses, and statistics.

2 years after current year.

(c)  ) Special or periodic reports on the following subjects:

(i)   Transactions with associated companies.

6 years.

(ii)   Budgets of expenditures.                                3 years.

(iii)   Accidents.                                                      6 years.

(iv)   Employees and wages.                                   5 years.

(v)   Loans to officers and employees.                   3 years after fully paid.

(vi)   Issues of securities.                                        See rules 13(c) and 14.

(vii)   Purchases and sales, utility properties.

(viii)   Plant changes - units added and retired.

Life of the corporation. Life of the corporation.

(ix)   rvice interruptions.                                         6 years.

History: 1979 AC; 1980 AACS.