Section 460.2582. Records of predecessors and former associates; retention period.

Rule 82. Records of predecessors and former associates shall be retained until the records of utility plant acquired have been integrated with the utility’s plant records and the original cost of the acquired plant is adequately supported by cost details, and until it is ascertained that such records are not necessary to the fulfillment of any unsatisfied regulatory requirement, such as any of the following:

(a)  Approval and recording of accounting adjustments resulting from reclassification and original cost studies and acceptance of property acquisition journal entries.

(b)  Cost, depreciation reserve, and amortization reserve determinations for licensed projects.

(c)  Establishment of continuing plant inventory records or accounting evidence of the cost of long-lived property in the absence of such continuing plant inventory records.

History: 1979 AC; 1980 AACS.