HF 
 
 . iSOQa. 
 
 DOCUMENTS 
 
 DfPT. 
 
STATE OF NEW YORK 
 
 PuBLfc Service Commission 
 
 SECOND DISTRICT 
 
 Atjiax v Decembo- 12, 1908. 
 
 To. 
 
 The following order has been adopted by this CommissioOj aad is hereby 
 served on you. Please acknowledge receipt at once. 
 
 Yours very truly. 
 
 State of New Y<«k, 
 
 Office ot tbe Public 5emce CommiBsion 
 
 SECONO DISTRICT 
 
 i- 
 
 I hare compared the following copy with the original on file in this office, 
 and I do HEREBY CERTIFY the same to be a correct transcript therefrom 
 and of the whole thereof. 
 
 XQitnees my hand and tbe Seal of Office of the Public Ser- 
 Tice Commission, Second District, at the City of 
 Albany, this twelfth day cf December, one thousand 
 nine hunoTe-1 i.nd eight. 
 
 Seeretarjf. 
 
 274665 
 
State of Xew York, 
 Public Sebtick Commission, Seooxd Distkict. 
 At a session of the Public Service Commission, Second 
 District, held at the Capitol, Albany, on the lat 
 dav of December, 1908. 
 Present : 
 
 Fbaxk W. Stetexs, Chairman, 
 Thomas M. Osborne, 
 Mabtix S. Decker, 
 James E. Sague, 
 JoHX B- Olmsted, 
 
 Commissioners. 
 
 Ordered: That, except as hereinafter provided: 
 
 1. On and after Jannary 1, 1909, every electrical corporation whose revenues' 
 from electric operations as defined in the hereto annexed schedule marked 
 *' Schedule A" were during the year ended June 30, 1907, below the sum of 
 five hundred thousand dollars <$o00,000i shall keep upon its books the ac- 
 counts prescribed or defined in the said " Schedule A", so far as the said 
 accounts are pertinent to the facts and circumstances of the said corporation. 
 The term electrical corporation is used herein in the sense defined in the 
 Public Service Commissions Law. 
 
 2. On and after the date of service of this order on any such electrical 
 corporation, such corporation shall not charge to any account representing 
 cost of property any discount or commission on securities issued by the said 
 corporation, but shall charge all such discounts, commissions, and other 
 expense connected with the issue of securities subsequent to the said date ot 
 service, in accordance with the directions contained in the definitions of the 
 account named Organization, and the account named Unamortized Debt Div 
 count and Expense, in the said " Schedule A". • 
 
 3. On and after .January 1, 1909, every such electrical corporation shall keep 
 upon its books the accounts prescribed or defined in the hereto annexed 
 schedule marked " Schedule B ", so far as the same are pertinent to tbo 
 facts and circumstances of the said corporation. 
 
 4. During the year beginning January 1, 1909, any said corporation may 
 for purposes of comparison with prior years keep on its books any account 
 pertaining to revenues, revenue deductions, income deductions, and appro- 
 priations fas defined in the said "Schedule B") which it had on its hooka 
 during '-the year begun January 1, 190S; provided that on or before January 
 I, 1909, there be filed with the Public Service Commission a statement con- 
 taining a list of the said accounts pertaining to the year b^un January 1, 
 1908, and definitions of such accounts. 
 
 5. For purposes of improving the efficiency of administration and operation, 
 any corporation may, unless or until otherwise ordered, keep upon its bocAs 
 any temporary or experimental accounts and any accounts covering particular 
 divisions of its operations, provided that in respect of each such temporary, 
 
 [31 
 
4 PyiiikiC,S^ifcVl03ff« Commission, Second District 
 
 •experimental, or divisional account, the said corporation shall file with tlw 
 Public Service Commission, at least ten days in advance of the time when 
 the said account is to be instituted, a statement showing the name of the 
 «aid account, the date when it is to be instituted, the purpose for which it la 
 to be kept, the period of time during which it is to be kept, and a clear 
 ■aai accurate definition of the classes of items and facts to be contained in 
 the said account; and in case of a divisional account, the definition of the 
 "division covered. Upon compliance with the provisions of this paragraph, 
 «iiy account herein prescribed or defined in either said " Schedule A" or said 
 ^' Schedule B " may be subdivided. 
 
 6. All notices herein required to be filed concerning accounts shall be up(Hi 
 •sheets 9i^ inches by 12 inches in size, and shall be entitled in the name of 
 the corporation filing said notices, followed by a brief statement of the charae- 
 i)cr of the accounts covered by the notice. 
 
SCHEDULE A. 
 
 BALANCE SHEET OR IXDICAXT ACCOUNTS. 
 
 1. Electrical Cotporations and Electric Operations defined. — Section 2 
 of the Public Service Commissions Law defines eleetrical corporatum m» 
 follows : 
 
 I 2. . . . The term " electrical corporation "... inclades eTery corpora- 
 tion, company, association, Joint stock association, partnership and person, their 
 leflBees, trustees or receirers appointed by any conrt whatsoever (other than a rail- 
 road or street railroad corporation generating electricity for its own use ciclu- 
 ■iTely). owning, operating, managing or controlling any plant or property for 
 generating and distribnting, or generating and selling for distribation, or distribat- 
 faig electricity for light, heat or power or for the transmission of electric current 
 for sach purposes. 
 
 Electric operations, as the term is hereinafter used, include all acts and 
 transactions directly connected with the operation of a plant for the produc- 
 tion of electric energy, the transmission thereof and the supply thereof to 
 consumers for light, heat, or power, and all operations incident thereto, in- 
 eluding the collection of revenues therefor and the disposition of byproducts 
 produced in connection therewith. 
 
 3. Accounts to be kept by double-entry method. — All accoimts kept by anj 
 corporation or person within the scope of the present order shall on and after 
 January 1, 1909, be kept by the double-entry method. 
 
 XoTE. — This requirement is not intended to apply to purely statistical accounts. 
 CAPITAL ACCOUNTS.- 
 
 3- Capital defined. — As the term is used herein, by capital of a corporation 
 is meant all property devoted to the rendering of the services or the pro- 
 duction of the commodities which are within the purposes of the corporation. 
 
 4. Fixed Capital defined. — Capital which has an expectation of life in 
 service of more than one year (exception being made of hand and other small 
 portable tools liable to be l<Kt or stolen*) is called fijced capital. 
 
 5. Floating Capital defined. — Capital other than fixed capital is called float- 
 ing capital. 
 
 6. General Capital and Departmental Capital defined. — Fixed capital is di- 
 visible into general capital and departmental capital, general capital being 
 that which is indiscriminately available for the use of two or more classes 
 of operations, while departmental capital is that assigned solely or principally 
 to a single class of operations. 
 
 'Hand and other small portable tools liable to be lost or stolen shall, when first 
 acquired and before issned for use, be carried in a suitable Materials and Supplies 
 account ; when issued they shall be charged to the appropriate expense account. 
 Portable tools and apparatus of special value may, however, be charged to the 
 appropriate tangible capital account, and remain therein so long aa record is kept 
 of the persons to whom such tools and apparatus are Issued and such persons ara 
 nade responsible therefor. 
 
 [51 
 
6 Plblic Sekvice Commission, Second District 
 
 7. Landed Capital and Non-landed Capital defined. — Fixed capital is also 
 divisible into landed capital and non-landed capital. Landed capital includes 
 all interests in land (exclusive of improvements thereon) the term of which 
 is more than one year. All other fixed capital is herein called non-landed 
 capital. 
 
 8. Intangible and Tangible Capital distinguished. — Non-landsd capital is 
 divisible into intangible and tangible. Intangible capital comprises organ- 
 ization, franchises, patent-rights, and all other intangible propertj' within 
 the definition of fixed non-landed capital as above stated. Tangible capital 
 comprises structures and equipment having an expectation of life in service 
 of more than ona year. Because of their liability to loss or theft, hand and 
 other small portable tools are excepted from tangible capital, and the cost 
 of such tools when issued is required to be treated as a part of the operating 
 expenses.' 
 
 9. Further Classification of Capital. — Capital is also divisible into original 
 capital, additions, betterments, and renewals and replacements, as defined 
 below. Charges to capital accounts shall show these divisions as set forth 
 in paragraph 21, infra. 
 
 10. Original Capital defined. — Original Capital is that put into service at 
 the outset of an enterprise. 
 
 11. Additions defined. — Additions include additional structures, facilities, or 
 equipment not taking the place of anything previously existing. 
 
 12. Betterments defined. — Betterments include the enlargement or improve- 
 ment of existing structures, facilities, and equipment. 
 
 13. Renewals defined. — liencuals include all extensions of terms of years 
 in land and tangible fixed capital, and all extensions of the life period of 
 franchises and other intangible fixed capital. 
 
 14. Replacements defined. — Replacements include all substitutions for capi- 
 tal exhausted or become inadequate in service, the substitutes having sub- 
 stantially no greater capacity than the things for which they were substi- 
 tuted. When a substitute has a substantially greater capacity than that 
 for which it is substituted, the cost of substitution of one of the same 
 capacity as the thing replaced should be charged as a replacement, and the 
 remaining portion of the cost of the actual substitute should be charged as 
 a betterment. 
 
 15. Repairs defined. — When through wear and tear or through casualty it 
 becomes necessary to replace some part of any structure, facility, or unit 
 of equipment, and the extent of such replacement does not amount to a sub- 
 stantial change of identity in such structure, facility, or unit of equipment, 
 the replacement of such part is to be considered a repair, and the cost of 
 Buch repair is to be treated as an operating expense and must not be charged 
 as a replacement in any capital account. 
 
 * Hand and other small portable tools liable to be lost or stolon shall, when first 
 acquired and before issued for use, be carried in a suitable Materials and Supplies 
 account ; when issued they shall be charged to the appropriate expense account. 
 Portable tools and apparatus of special value may, however, be charged to the 
 appropriate tangible capital account, and remain therein so long as record is kept 
 of the persons to whom such tools and apparatus are issued and such persons are 
 made responsible therefor. 
 
AccousTS POK Electkicai. Cobposatioxs 7 
 
 16. Fiist eatiies must enable identificatiea. — Throngfaout all eaintal ae- 
 eoonts, the first entry in respect of a^j particular thing shall describe it 
 with such particnlaritT as to enable its identification, and shall give it a 
 distingnishing name, nnmber, or other designation by which it shall thoe- 
 after be designated in every enfary in any capital aeeonnt which in ai^ mj 
 emwems it. In the ease of eontimioas slruclures like railroad txacii:, or 
 eleetrie line, or pipe line, soch strnetnres shall be itemized to the extent that 
 no item shall contain more than one operating dirision or more than one 
 fype of eonstmction. and the entry in relation to any item shall describe the 
 mxBy weight, type, and other principal physical characteristics of the chief 
 constituent parts, together with thar spacing if disetmtinaoas. 
 
 17. Costs «f new capital to be actual money costs. — All charges made to 
 capital or other accounts on or after January 1, 1909, shall be the aetoal 
 mm^ cost of the things in respect of which th^ are made. Wh«i the ctm- 
 sideration actually given for the thing in respect of which a charge to a 
 capital account is made is anything other than money, the actual considera- 
 tion shall be dascribed in the entry with sufficient fullness and particularity 
 to identify it, and the amount charged shall be the actual mon^ value of 
 such consideration at the time of the transaction. 
 
 18. Discounts upon secnxities not to be charged to capital accounts. — Dis- 
 counts upon securities and other commercial paper issued in payment for 
 capital are to be provided for in other accounts and must in no ease be 
 charged to the capital accounts. 
 
 19. Costs of labor, materials^ acd si^plies. — Cost of /o6or (employed in eou- 
 stmction) includes not only wa^es, salaries, and fees paid employees, but 
 also such personal expenses of employees as are borne by the corporation. 
 Cost of material and gtippUe* consumed in eonstmction Is the cost at the 
 places where they enter into construction, including cost of transportation 
 and inspection when specifically aaa^n^le. If such materials and supplies 
 are passed through storehouses, their cost entered in the account may include 
 a suitable proportion of store expense. 
 
 20w Withdrawals or retirements. — When anything is withdrawn or retired 
 frcMU senriee, the amount at which such thing stood charged in the capital 
 acc ount shall be credited to the capital account in which it stood charged 
 at the time of withdrawal, and tiie entry of such credit shall cite by name 
 and page of hock, or other record the original entry of cost of the thing 
 withdrawn. If there is no such original entry, that fact shall be stated in 
 ccMinection with the credit entry, and the actual amount originally charged 
 shall be credited. If such amount is not known, it shall be estimated, the 
 &cts upon which the estimate is based shall be shown, and the amount thus 
 estimated to be the original charge in respect of such thing withdrawn shall 
 be credited. 
 
 ai. Paxticalazs required to be shown in entnes. — Every charge made to a 
 capital account on or after January 1, 1909, shall show whether the thing 
 in respect of which the charge is made is original capital, or an addition, a 
 betterment, a renewal, or a replacement. If the thing is a bettmnent, the 
 entry shall designate the thing enlarged or improved and shall cite by name 
 and page of book or other record the original entry of cost of such thing 
 'enlarged or improved. If the thing to which any charge hereafter made re- 
 
8 Public Service Commission, Second Disteict 
 
 lates is a renewal or a replacement, the entry made in respect thereof shall 
 designate the thing renewed or replaced and shall cite by name and page 
 of book or other record the original entry or entries of cost of such thing 
 renewed or replaced. If there is no entry in the accounts of the corporation 
 showing the cost (to the corporation) of the thing bettered, renewed, or re- 
 placed, that fact shall be stated in the entry describing the betterment, 
 renewal, or replacement, and the original cost of such thing to the corpora- 
 tion shall be stated. Such cost shall be estimated if not known, and when 
 estimated the basis of such estimation shall be shown. 
 
 22. Betterments involving partial destruction of thing bettered. — If any 
 betterment involves the partial destruction or partial reconstruction of the 
 thing bettered, only such portion of the cost of the change shall be charged 
 as a betterment as will when added to the original cost (estimated if not 
 known) of the thing bettered give the cost of reconstruction or replacement 
 of the thing as bettered, and the remainder of the cost of the change (account 
 being taken of any salvage) shall be charged to the appropriate repair 
 account. 
 
 E. g., a building, original cost unknown but estimated to be $15,000, is bettered 
 by tlie construction of an elevator shaft, and its stairways are modified so as to be 
 fireproof ; the actual expenditure for these changes is $3.000 ; the estimated cost 
 of replacement of the building (as modified) with one equally serviceable and with 
 an equal expectation of life is $16,000 ; the charge to capital account as a better- 
 ment should be $1,000, and the remainder ($2,000) of the expenditure should be 
 charged to the appropriate repairs account. 
 
 23. Plant and equipment and other capital purchased. — When any fixed 
 capital in the form of a going or completed plant is purchased, an appraisal 
 of such capital so acquired shall be made, and the different constituent ele- 
 ments of the plant (and equipment, if any) or other capital acquired shall 
 be appraised at their structural value; that is to say, at the estimated cost 
 of replacement or reproduction less deterioration to the then existing condi- 
 tion through wear and tear, obsolescence, and inadequacy. If the actual 
 money value of the consideration given for the plant or other capital was 
 at the time of the acquisition in excess of such appraised value, the excess 
 ahall be charged to the account " Other Intangible Electric Capital," and the 
 appraised values of the constituent elements shall be charged to the appro- 
 priate accounts as designated in the following definitions of accounts for fixed 
 capital. If the actual money value of the consideration given was not in 
 excess of such appraised value, such actual money value shall be distributed 
 through the said accounts in proportion to the said appraised value of the 
 constituent elements appropriate to the respective accounts. Full report of 
 the contract of acquisition, the consideration given therefor, the determina- 
 tion of the actual money value of such consideration, the appraisal, and the 
 amounts charged to the respective accounts for each plant or other such fixed 
 capital purchased, will be required to be made to the Public Service Commia- 
 sion, and the purchaser will be required to procure in connection with the 
 acquisition of any such plant or other fixed capital all existing records, memo- 
 randa, and accounts in the possession or control of the grantor relating to 
 the construction and improvement of such plant, and to preserve such records 
 memoranda, and accounts until authorized by law to destroy or otherwise 
 dispose of them. 
 
AccoimTS FOB Electbicai. Cokporatioss 9 
 
 44. Dcfinitioiis of Fixed Capital acconatL — In the foDowing definitions of 
 aeeoants the letters and numbers prefixed to the titles are inserted solelj for 
 coBwakBee of reference and are no part of the titles or of the definitions: 
 ElOO. Fixed Capitai^ DECEaiBEB 31, 190S. 
 
 Charge to this aeeoont aU the Fixed Capital of the aeeoonting person or 
 «orporati<Hi deroted to electric operations as soeb capital stood at th« 
 cloae of December 31, 1908. Such charges shall be made at the fignrei mt 
 which such capital was carried on the books of the said person or corporation 
 on that date. Whoi any capital indoded in such account is retired froat 
 service, the amount at which it is ehuged thearein shall be credited to this 
 aeeount; the amount of depreciation or other amortization thereon appli- 
 cable to the period subsequent to December 31. 1908, shall be charged to 
 account No. 374, "Accrued Amortization of Capital," proper aeeoont shall be 
 taken of ai^ ^rage, and the remainder of the amount originally diarged 
 to capital shall be concurrently charged to the Corporate Surplus or Deficit 
 account (or equitalent account carried on the boc^a on December 31, 1906), 
 nnless ttiere was carried on the books at that date a reaerre to corer retire- 
 ment of capital from serrice, in which ease the said concurrent diarge ahall 
 be made to such retiremoit reserre aeeoont. If the amoont at which the said 
 capital in service on December 31, 1908, and subsequenth- retired from service, 
 was included in the said account is not disclosed on the books and reeord a 
 of the accounting person or corporation and is not within the knowledge of 
 such person or corporation or officers or other employees thereof, it shall be 
 estimated, and such estimated amount shall be treated as is above directed for 
 the actual amount, the fact of estimation being stated in the entry. 
 
 Note. — Corporations will be required to carry as snb-accoonts of the accooat 
 "Fixed Capital. December 31. lOOe.** the several accoants on their books on that 
 date whidi are eMaUned to make np the said aeeoont. and to famish lafwaatlMi 
 coacemlng snch aob-accoants In their ananal reports. 
 
 The following capital aecoimts are prescribed for transactions subseqneat 
 to Deconber 31, 1908: 
 
 £110. Laxd Devoted to Electuc Operations. 
 Charge to this aceonnt the cost of the accounting corporation's i^M**! 
 capital whldi is devoted to electric operations as hereinbefore defined. Thia 
 includes land occupied by generating stations and their appurtenances, rights 
 of way- for transmission and distribution lines and other electric operatimu; 
 abo those for canal and pipe lines, water rights, and rights of pondage, flow- 
 age, and submermon, where such rights have lives in excess of one year firaoi 
 the date when sodi land is placed in service. Such cost inehidea^ wkeu 
 •ssMBied or paid 6y ike purduuer in its tmm hehalf, cost of regisirata<m of 
 title, cost of examination of title, conveyancer's and notary's fees, pnrehasiBg 
 agent's conmussions or fees, or proportion of purchasing agenfs Hilary, taxes 
 aeemed to date of transfer of title, and all liois upon the title acquired; 
 also costs of obtaining consents and payments for abutting damages. 
 
 NoiB A. — Cost of bondings and other Improvements most not be inetaded la Uils 
 aeeoant. 
 
 MoTK B. — If at the tftme of aeqnlaltJon of an Interest ta lands It f tlgafls t* 
 fcuildings or other ImproTenwBts thereon, whkh Improveaacnts are dev o ted by the 
 corporation to Its deetric operational and the contract of acqoisltkm does aot de> 
 tetmine the prfco of sach Improvements, they shall be appraised at thrir fair cask 
 valoe for use la waA operatloBs, and sach apinaiaed value shall be charsed to ths 
 
10 Public Sekvice Commission, Second District 
 
 appropriate structures account, and excluded from the account " Land Devoted to 
 Electric Operations ". If such Improvements are not devoted to electric operations 
 but are devoted to other operations or held as investments, the cost (or appraised 
 value if the cost Is not determined In the contract of acquisition) shall be charged 
 to the appropriate Investment account or capital account for other operations. If 
 the improvements are removed or wrecked, the salvage (less the cost of removal 
 or wreckage) shall be excluded from the account " Land Devoted to Electric Opera- 
 tions ". The entries in this account must be made in such wise as to enable the 
 corporation to show in its annual report to the Public Service Commission the 
 subdivision of the cost of its land devoted to electric operations into the following: 
 
 Land Occupied by Generating Stations. 
 
 Land Occupied by Outside Sub-stations. 
 
 Water Rights. 
 
 Other Land Devoted to Electric Operations. 
 
 101. Obganization. 
 Charge to this account all fees paid to governments for the privilege of 
 incorporation, and all office and other expenditure incident to organizing the 
 corporation or other enterprise and putting it in readiness to do business. 
 This includes cost of preparing and distributing prospectuses, cost of solicit- 
 ing subscriptions for stock (but not for loans nor for the purchase of bonds 
 or other evidence of indebtedness), cash fees paid to promoters, and the actual 
 cash value at the time of organization of securities paid to promoters for their 
 services in organizing the enterprise, counsel fees, cost of preparing and issu- 
 ing certificates of stock, and cost of procuring certificates of necessity from 
 state authorities, and other like costs. Like costs incident to preparing and 
 filing certificates of authorization of increase of capital stock, and to the 
 negotiation and issue of stock thereunder, shall be classed as additions. Cost 
 of preparing and filing certificates of amendment of articles of incorporation 
 shall be classed as a betterment. Cost of preparing and filing papers in con- 
 nection with the extension of the term of incorporation or with reincorporation 
 consequent upon reorganization shall be classed as a renewal. This account 
 shall not include any discounts upon stocks or other securities issued, nor 
 shall it include any costs incident to negotiating loans or selling bonds or 
 other evidence of indebtedness. 
 
 E102. Franchises (Electbic). 
 
 To this account shall be charged " the amount (exclusive of any tax or an- 
 nual charge) actually paid to the State or to a political subdivision thereof 
 as the consideration for the grant of such franchise or right" (section 69 
 of the Public Service Commissions Law) as is necessary to the conduct of 
 the corporation's electric operations. If any such franchise is acquired 
 by mesne assignment, the charge to this account in respect thereof must 
 not exceed the amount actually paid therefor by the corporation to its as- 
 signor, nor shall it exceed the amount specified in the statute above quo'ted. 
 Any excess of the amount actually paid by the corporation over the amount 
 specified in the statute shall be charged to the account " Other Intangible 
 Electric Capital ". If any such franchise has a life of not more than one year 
 after the date when it is placed in service, it shall not be charged to this ac- 
 count but to the appropriate accounts in " Operating Expenses," and in " Pre- 
 payments " if extending beyond the fiscal year. 
 
 Payments made to the State or to some subdivision thereof as a considera- 
 tion for granting an extension for more than one year of the life period of a 
 franchise shall be classed as renewals. Those made as a consideration for 
 
AccocxTS FOR Electrical Corporatioxs 11 
 
 franchises or crtensions thereof covering additioiul territory to he operateJ 
 fts a. part of an existing srstem shall be classed as betterments. If the fran- 
 chiaes cover separate and distinct new enterprises, the payments therefor sbaB 
 be daaaed as original. 
 
 XOTK. — Annnal or more freqnent paymnits in respect of franchises must not be 
 diarsed to this acconnt bat to tbe appropriate tax or operating expense acoooBt. 
 
 E103. Patest-bights (Electric). 
 Charge to this account the cost of all rights (having a life of more than 
 one year from the date what placed in service) acquired by the corporation 
 in or under valid patents granted by the United States to inventors for in- 
 ventions and discoveries vhich are necessary to the economical conduct of the 
 corporation's electric operations. If any such right is extmded to eoret m. 
 further period of time than that covered by the original grant, the coat of 
 such extension shall be classed as a renewal. A patent-right acquired for nae 
 in »n existing system and necessary to the economical operation thereof shall 
 be classed as an addition. 
 
 EI04. Otheb Ixtasgible Eiectkic Capital. 
 Charge to this account the e<»t of all other property coming within the 
 definition of intangible capital and devoted to electric operations. All entries 
 of charges to this account shall describe the acquired property with suflEkiait 
 particularity clearly to identify it, and shall also show specifically tint 
 principal from whom acquired and all agents representing such principal in 
 the transaction; also the term of life of such property, estimated if not 
 known, and if estimated, the facts upon which the ^timate is based. 
 
 E121. GeXEKAL STBrCTTBES. 
 
 Charge to this account the cost of all buildings and other structures of s 
 permanent character devoted to general corporate purposes, not restricted 
 to electric operations and not includible in any of the departmental accounts; 
 also of aU fixtures permanently attached tJiereto and made a part thereof, 
 such as water pipes and fixtures, steam pipes and fixtures for warming and 
 ventilating, gas pipes and fixtures for lighting, etc, electric wiring and fix- 
 tures for lighting, signaling, etc; elevators, etc, and the engines and motors 
 specially provided for operating them; furnaces, boilers, etc, spaciaHy pro- 
 vided for producing steam for such engines and for heating: electric gen- 
 erators spedally provided for producing current for lighting sac*! buildings, 
 etc. This account includes such piers and other foundations for machinery 
 and apparatus as are designed to be as permanent as the buildings in (or in 
 connection with) which they are constructed, and to outlast the first ma- 
 chinery or apparatus mounted thereon. 
 
 Note A. — Among sacti boildlnss maj be mentioned general office boOdlngs. gen- 
 eral shop baildings, general storehouses, general stable baildings, etc Where 
 general offices, shops, storehonses. stables, etc.. are in baildings Incladible in a 
 departmental account, as c. g., in a power station bailding, no part of the cost of 
 sncb bonding shall be diarged to this acconnt. This accoont is provided for stmc- 
 tnres of a general or miscellaneons character not assignable to any partJcnlar 
 department. 
 
 Note B. — When fnmaces and boilers are nsed primarily for famishing steam 
 for some particnlar department and only incidentally for famlditng steam for 
 heating a general boUdlng and operating the equipment therein, the atire cost of 
 such fnmaces and boUers shall be charged to the appropriate departmoital capital 
 account, and no part to the account ** General Structures ". 
 
12 PuuLio Sekvick Commission, Second District 
 
 Note C. — The cost of specially provided foundations, not expected to outlast 
 the machinery or apparatus mounted thereon, should be charged to the same 
 account as is the cost of the machinery or apparatus for which they are 
 provided. 
 
 E122. General Equipment. 
 
 Cliurge to this account the cost of all equipment "of general structures, as 
 provided under tiie following heads: 
 
 a. General Office Equipment: This includes the cost of all equipment of 
 general offices, such as desks, chairs, tables, movable safes, filing cases, drafting 
 room equipment, and other like olRce appliances and equipment; also engi- 
 neering instruments. 
 
 b. General Shop Equipment: This includes the cost of all equipment 
 specially provided for general shops, such as furnaces, boilers, gas producers, 
 engines, electric generators, and other power apparatus used in operating 
 machinery in such shops; machine tools, cranes, hoists, shafting, belts, and 
 the like shop equipment; also such smithing equipment in general shops as is 
 used principally for other general pur})oses than shoeing horses and repairing 
 vehicles. 
 
 NoTK. — Hand and other small portable tools liable to be lost or stolen shall not 
 be included herein, but portable tools and apparatus of special value may be 
 charged to this account and remain herein so long as record is kept of the personn 
 to whom such tools and apparatus are issued and such persons are made respon- 
 sible therefor. 
 
 c. General Store Equipment: This includes the cost of all equipment of 
 general store structures, such as movable counters, movable shelving and 
 other movable equipment of like nature, carts, barrows, trucks, etc., and other 
 apparatus and appliances used in handling materials and supplies. 
 
 Note. — Counters, shelving and the like which are permanently attached to the 
 structure shall be charged to account No. E12I, "General Structures," and not to this 
 account. 
 
 d. General Stable Equipment: This includes the cost of all equipment of 
 general stables, including horses, harness, drays, wagons, automobiles and 
 other vehicles, equipment of shoeing shops, harness repair shops, vehicle re- 
 pair shops, etc. 
 
 E131. Dams, Canals, and Pipe Lines. 
 Charge to this account the cost of all dams, canals, aqueducts, and pipe 
 lines devoted to the utilization of water power and the delivery of the water 
 to the headgate of the turbine or water-wheel; also that of all wasteways 
 from the outlet of the draft-tube to the point of final discharge. This in- 
 cludes all gates, valves, and other accessories of such dams ; also wasteways, 
 sluices, forebays, grids, walls, fences, etc., for the protection of such canals 
 and pipe lines, and all trestles and other supporting structures; also all 
 viaducts, bridges, foot-bridges, etc., over and accessory to or necessitated by 
 such canals, aqueducts, and pipe lines. 
 
 E132. PowEB Plant Buildings. 
 Charge to this account the cost of material used and labor expended in 
 erecting buildings to be used for housing power generating plants. This ac- 
 count includes cost of excavations, permanent foundations, drainage, gas and 
 water pipes and connections, grading grounds, and furniture and fixtures 
 when permanently attached to and made a part of the building; also th« 
 cost of architects' plans, and of superintendence of construction. 
 
ACCOIIXTS FOB Ex-ECTKICAI. CoRPOKATIOXS 13 
 
 EI41a. FCKXAGES, BOILEBS, A3SO ACCSSSOKIES. 
 
 Change to tikis aeeomit the cost of all furnaces, boilers, and boiler appaiatas 
 and aeoessories devoted to the produetion of steaai for nae in geaoating 
 ekctrie energv. This inehideB boilers and Tahcs thoeio a t ta ched, appwrtenaas 
 fomaoes and grates, and floes leadii^ to aiiHAestada and ehimnefs, aad tha 
 speeialH- prorided fonndatioas and setting of such bmlers and appnrtaiaaees; 
 also iro« sBofecstadka. It alao inthides nwehanieal stokers and other like 
 apparatus f<a r^nlating the SD]^Iy of fuel, tic^ feed and hot water heatera 
 aad eeammiRn, injectors, filters, feed pomps, blower rwgiars, coal coni^ors, 
 ash e uB w yoi S, water pipes, steam traps, drains, and sepa ra t or s, and pipes for 
 eondocting steam from the boiler to the engine or to the gas prodneera, ex- 
 hanst pipes, etc It does not include steam pipes whose primary purpose is 
 the heating of bniMingi. 
 
 El41b. SiKAM EHOona. 
 
 Charge to this account the cost of all steam engimw devofcd to the prodne- 
 tioB of eleetrie oiergjr. This inrhidra Oe ^ecially p i o rided fonnda t i on s aact 
 aftliHgs of sodi enginpsL The o^me, whetho- reciprocating or rotary (autbc 
 as steam turhines), shall be eonaideicd to include the throttle or inlet Tslre 
 and the gofcmor; also eondenaers, air wad eirenlating pomps, lohrieating 
 system, etc., hot not the steam pipe l^-aHing from the boiler, nor the exhanst 
 pipe. Where the deetrie rofan- is Bioanted on the en^ne shafts the shaft shall 
 be eoBridered a part of the steam o^ne and the deetric rotor thereon shall 
 be OM i shlneJ a part of the deetric e quipm nit. 
 
 £142. T UBBUtm ABED WaXBB-WBBSUw 
 
 Charge to this aceoont the cost of all tarbtnes and water-wheds deroted to 
 the conrersion of water power into in>^li«iiii>«l power for the prodactwa of 
 deetric energy. This includes the spedal^ {Rotided foundati«ms and wrtti a gs 
 of soch enginiBt, also their goremors and all other apputeaant apparatos 
 atta c h e d thereto from and indnsiTe of the head^tes and gu i wuis to (bat 
 esdnsne at) the wastewi^. Where the deetrk rotor is momted on (not 
 mereljr eoopled to) the shaft of the hydraolie engine, the shaft shall be con- 
 sidered a part of the hjdraolic engine and the deetric rotor thereon shall be 
 considered a part of the eleetrie equipment. 
 
 E143a. Gas PaoDucsas asd AccMsaamaa. 
 
 Charge to this account the cost of prodncers and a««BMOii e s devoted to the 
 prodnetion of gas for the purpose of operatii^ eleetrie generators, iadnding 
 the cost of specially prorided foundations and aetiiugs for sodh prodneeia 
 and accessories. This account includes producers, eetmomiaers, legeueia torsy 
 Taporiaers, steam injecton, scrubbers, exhauster outfits, seals, specially pro- 
 rided boflers and pumps, flues and piping blower engines, pipes for the eon- 
 dnetitm of gas from soeh producers to holders and to gas engines, holders 
 for producer gas, exhaust {npes from gas engines, etc. It does not induds 
 pipes whose primary purpose is the warming of buildings; nor does it iit< 
 dude power transmission apparatus, or water pipes, steam pipes, water pomps, 
 or inspirators. 
 
 S143b. Gas EsGma. 
 
 Charge fo this aceount the cost of all gas engines devoted to the produc- 
 tion of electric energy, including the specially prorided foundatXHls and set- 
 tings of such engines. The engine includes the inlet Talve, gofvemor, aad 
 ignition aad startiBg aqipaxalns, but not the pipe leading firom the gts hoUm; 
 
14 Public Service Commission, Second Distkict 
 
 nor the exhaust pipe. Wliere tlie electric rotor is mounted on the engine 
 shaft, the shaft shall be considered a part of the engine and the electric rotor 
 thereon shall be considered a part of the electric equipment. 
 E144a, Electric Genebators. 
 
 Charge to this account the cost of all electric generating apparatus driven 
 by engines operated by steam, water, or gas; and rotaries and motor generat- 
 ing sets, exciters, etc., wlien not installed in connection with transmission sys- 
 tems. This includes tlie specially provided foundations and settings of such 
 apparatus. Where the electric rotor of such apparatus is mounted on the 
 shaft of the steam, hydraulic, or gas engine, the rotor is to be included 
 herein, but not the shaft. Belts, countershafts, and other like intermediaries 
 between sucli engines and the generators are also to be excluded herefrom. 
 
 Note. — Regarding transmission and distribution, see the note to account No. 
 fil63, "Transmission System". (See page 15.) 
 
 E144b. AccEssoBY- Electbic Poweb Equipment. 
 
 Charge to this account the cost of all electric equipment of generating 
 stations not includible in the last foregoing account. This account includes 
 bus-bars, regulators, station switchboards and equipment, such as circuit- 
 breakers, switches, ammeters, voltmeters, wattmeters, and the like, and their 
 foundations and settings; also headgate motors, pump motors, air com- 
 pressor motors, etc., and special high-tension transmission equipment at 
 power stations, such as high-tension bus-bars, high-tension switchboards, 
 high-tension switches, high-tension current transformers, high-tension light- 
 fiing arresters, high-tension potential transformers, high-tension reactive coils, 
 high-tension choke coils, high-tension grounding devices and resistances, high- 
 tension raising and lowering transformers, etc. 
 
 E145. Miscellaneous Poweb Plant Equipment. 
 
 Charge to this account the cost of all miscellaneous equipment at power 
 plants which is not includible in any of the foregoing accounts. This includes 
 such mechanical apparatus as belts, pulleys, hangers, countershafts, and other 
 apparatus intermediary between the prime mover and the electric generator, 
 cranes, hoist?, etc., and machine tools and such other tools at power plants 
 as are proper to be capitalized, etc. 
 
 ^OTD. — This account should not include any sub-station equipment. 
 E151. Sub-station Buildings. 
 
 ■Charge to this account the cost of material used and labor expended in 
 erecting buildings to be used for power sub-station purposes, including ex- 
 cavations, permanent foundations, drainage, gas and water pipes and connec- 
 tions, grading grounds, and furniture and fixtures when permanently attached 
 to and made a part of the building; also the cost of architects' plans, and of 
 superintendence of construction. 
 
 NOTB. — No charge should be made to this account In respect of a power plant 
 J)uilding, even though such building also contains sub-station apparatus. 
 E152. Sub-station Equipment. 
 
 ^Charge to this account the cost of all equipment of sub-stations. Such 
 equipment includes not only electric machinery and apparatus, including 
 atorage batteries, in sub-stiilions, but also all other furniture and equipment, 
 auch as furnaces, boilers, stoves, elevators, etc., permanently assigned to such 
 stations bnt not aflRxed to the structures thereof. It does not include labora- 
 tory instruments and apparatus not permanently assigned tlisreto, nor does 
 it include tools only temporarily assigned to such stations. 
 
Accounts fob Electkical Cokporatioxs 15 
 
 E161. Poles aitd Fixtubes. 
 Charge to this account the cost of towers, structures, poles, cross-arms, and 
 insulator pins; braces, brackets, and other pole fixtures; guvs and other sup- 
 ports for holding the towers, structures, and poles in position; and all labor 
 expended in connection with the construction of pole lines or structures for 
 carrying the transmission and distribution systems. 
 
 £162. UXDESCGSOUXD COSDUITS. 
 
 Charge to this account the cost of conduits required for underground wires 
 and cables, including manholes, ducts and pipes, sewer connections, sewer 
 traps, and all material necessary for the completion of the underground con- 
 duit system devoted to the protection of tlie transmission and distribution 
 
 systems. 
 
 El 63. Traxsmissios System. 
 
 Charge to this account the cost of the transmission system, including cables, 
 wires, insulators, and insulating material. 
 
 KoTE. — When the electric current generated (or received from another corpo- 
 ration) is condacted, either at the voltage of generation (or receipt) or at a 
 higher voltage, to a point where it is (a) lowered in voltage by means of step- 
 down transformers, or changed as to kind or frequency by means of (b) motor 
 generator sets, ^c) rotary converters, or (d) frequency changers, that portion of 
 the outside line or conductor system antecedent to the said stepdown transformers, 
 motor generator sets, rotary converters, or frequency changers, shall be classed as 
 the Transmission Sjrstem ; except, however, that primary wiring in lighting systems 
 at not to exceed 4,400 volts, 4-wire, 3-pbase, shall be classed as a part of th« 
 Distribution System. Tie-lines between generating stations and sub-stations shall 
 follow the same rule. Line transformers are not included among the '* stepdown 
 transformers " above mentioned. 
 
 El 64. DiSTRiBLTiox System. 
 
 Charge to this account the cost of all distribution main conductors and 
 feeders, including the cost (in place) of all cables, wires, insulators, and 
 insulating material. 
 
 This account shall be subdivided so as to show separately the following: 
 
 a. Overhead Distribution System; 
 
 b. Edison Tube System, including the cost in place of all the Edison tube 
 system material, such as junction boxes, tubing material and conductors, 
 coupling boxes, etc.; • 
 
 c. Other Utiderground Distribution System. 
 
 KoTB A. — The amounts charged to the subdivisions above stated will be reqolred 
 to be separately reported in the annual reports of the corporation to the Public 
 Service Commission. 
 
 Note B. — For the distinction between the transmission system and the distribu- 
 tion system, see the note to account No. E163, " Transmission System **. 
 EI60. Line T&ansfobmers asd DmcES. 
 
 CHuirge to this account the cost of all line transformers (both overhead and 
 underground), pole line lightning arresters, transformer cut-out boxes, line 
 cut-out switches, etc., in the distribution system. 
 
 f Note. — Upon filing with the Public Service Commission a notice thereof, the 
 aeconntlng corporation may also include in this account the cost of line trans- 
 formers and devices temporarily withdrawn from service. 
 
 El 66. Electric Services. 
 
 Charge to this account the cost of all conductors (and appurtenant in- 
 sulation, ducts, and supports) connecting the distribution mains with electric 
 apparatus and appliances in the possession of consumers. 
 
 Note. — Cost of renewing or modifying serrices shall not be charged to this 
 account. 
 
16 Public Service Commission, Second District 
 
 E167a. Electric Meters. 
 
 Charge to this account the cost of meters used in determining the amount 
 of electric energy delivered to the several consumers to whom it is supplied. 
 
 Note A. — Cost of setting, removing, or re-setting such meters sliall not be charged 
 to this account. 
 
 Note B. — Upon filing with the Public Service Commission a notice thereof, the 
 accounting corporation may also Include in this account the cost of consumers' 
 meters temporarily withdrawn from service. 
 
 El67b. Electbic Meter Installation. 
 
 Charge to this account the cost of the first setting of meters for determining 
 the amount of electric energy delivered upon the premises of consumers, in 
 case it is the policy of the corporation to capitalize the cost of such setting. 
 
 Note A. — Cost of removing such meters and of setting other meters substituted 
 for them shall not be charged to this account but to account No. E533, " Setting and 
 Removing Meters and Transformers". (See page 41). 
 
 Note B. — This account must not include at any time the cost of installation of 
 a greater number of consumers' meters than are actually in service. 
 
 E171. Municipal Street Lighting System (Electric). 
 
 Charge to this account the cost (in place) of all property of the company 
 in poles, cross-arms, pins, braces, insulators, etc., arc circuits, lamps, and out- 
 fits and suspensions, specially provided for the municipal street lighting 
 system. Such cost includes cost of material, transportation, setting poles, 
 etc., and restoring the surface of the street to the condition required by the 
 municipality. This account does not include any part of the general dis- 
 tribution system, but only things in the utilization plant beyond the service 
 and devoted to the municipal service. 
 
 Note A. — Where the municipality requires for its special benefit the extension of 
 mains and services for street lighting, such extensions may, so long as used solely 
 for street lighting, be charged to this account, provided a full description of the 
 extensions so charged and the amounts charged in respect thereof be filed with 
 the Public Service Commission on or before the date when the entry thereof is 
 made upon the books of the corporation. 
 
 Note B. — If the corporation uses in its street lighting system the same type 
 of arc lamps that it uses in its commercial lighting system, and uses them inter- 
 changeably, it will be permitted, upon filing with the Public Service Commission 
 a notice thereof, to charge the cost of all arc lamps in its street lighting system 
 to account No. E172, " Commercial Arc Lamps ". 
 
 El 72. Commercial Arc Lamps. 
 
 Charge to this account the cost of all property of the company in commer- 
 cial arc lamps supplied to consumers (including municip-il buildings) where 
 such lamps have an expectancy of life in service of more than one year. 
 
 Note A. — Meters supplied to consumers are provided for In a foregoing account 
 and should not be included herein. 
 
 Note B. — Upon filing with the Public Service Commission a notice thereof, the 
 accounting corporation may also include in this account the cost of arc lamp* 
 temporarilj/ withdrawn from service. 
 
 E173. Glower Lamps. 
 
 Charge to this account the cost of all property of the company in electric 
 glower lamps supplied to consumers (including municipal buildings) where 
 such lamps have an expectancy of life in service of more than one year. 
 
 Note A. — Meters supplied to consumer^ are provided for in a foregoing account 
 and should not be included herein. 
 
 Note B. — This account is restricted to long-life Incandescent, or glower lamp» 
 such as the Nernst, and does not Include the ordinary carbon filament incandescent 
 lamps. Short-life incandescent lamps (I. e., those having an expectancy of llfs of 
 
Accounts foe Eukctricai. Cokporatioxs IT 
 
 fK^tt one jcar) Aall be cbarged to tte awroiRiate operattns expeaa*- 
 ■ecoat when Iwied fur oae. aad piUa to tliat tlae tlMj AmU be carried la tt* 
 apprapciate "Materials and SnppUea* aeeoont. 
 
 Nan a— Upon ffling witii the PoUic Serriee CtaniMHatnn a notke thereof, tbe 
 aeeoontiBg oocporatiaB may also indnde in this aeeoont the cost of lone-Uf e tn- 
 caadeseent laaps feiyorsnly vit&drawn tnm werriot. 
 
 E174. Electkic Motoks JlXd HIeaikbs. 
 
 Chai^ to this account the cost of all propertr of the eompanv in electrie 
 motors and heatos kaaed to emsmnezs (inchiding mmtieipalities), and of a1^ 
 appnrtenanees thereof, soeh as fans, etc 
 
 Xoxs. — Upon fillne with the Poblie Service Cawiiaaion a notice tlwreoC, the ae- 
 eoanttans covpontion suit also Indnde In this aeeoant flie cost of deetrie omMots- 
 aad benters temporanlg withdrawn Cron anrlee. 
 
 £175. Elsctsic Tools axd Jmflbmssts. 
 
 Charge to tiiis aeeoant the cost of all tools and implements emiing withi» 
 tiie scope of the definition (see note, page 5| of electric fixed capital and. 
 ■ot eorered hy any of the foregoing eqoipment aceoimta. 
 El 76. Electric Labobaiokt Equtpmest. 
 
 Chsrge to this account the cost of all testing apparstos and laboratoix 
 eqpd^icat not elsewhere provided for. 
 
 IknsL^TUa aeeoant indndes aU electric tcsUns appantos and cqoipaMnt tn 
 labscataries. It does not Indnde sndi instrvncats as are pennancntly aa^ened to 
 CCBontins statioBs. snl^statlons. and tiie flke; snch as station anuBeteis. vrtt- 
 ■wtos, and wattmeters, etc. 
 
 E177. Othxb Tajsgiblb Electkic Capttai^ 
 
 €3iazge to this aeeoant ibe cost of all' tangible eketrie enpltal sot elaewhere- 
 psorided for. 
 
 ;^81. EXGEXCCnKO AXD SCFCRIXTEMWIXCE. 
 
 Charge to this aeeoant all expenditares for serriees of engineers, drafts- 
 men, and soperintendents employed <m preliminary and cunsUuctian work, 
 and all expoises incident to the work, when soeh disbursements cam not be- 
 assigned to q>eeific constroetion. 
 
 Non. — When employees enomerated abore are engaged m worit not cliarseabl» 
 to eonstmefian. tlidr pay and expenses shall be diarsed to tbe spedllc woefc on 
 
 £282. Law ExpESDrrcBES Dcbtvg Coy smuc T io x. 
 
 Charge to this account general expenditares of the following nature, in- 
 enrred in eonneetion with the etmstructifm of an electric plant, namely: the 
 pay and expenses of all eoansel, solicitors, and attorneys, their eletka and 
 attendants:, and expoises of thar offices; printing briefs, I^al forms, testi- 
 mony, reports, ete.; payments to arbitrators for the settlement of dispated 
 ^pestimis ; eosts of suit and payments of special fees, notarial fe^^, and wit neaa 
 fees; and expenses connected with taking depositions; also aU I^al and court 
 exp^Kses^ 
 
 When any of the expenditures above enumerated can be chaiged directly to^ 
 the aeeoant for which incurred, they shall be so charged and not to this ae- 
 eotmt. Expenditures in connection with the acquisition of the right of way 
 or other land ahall be charged to accotrat No. El 10, "Innd Devoted t<y 
 JSleetric OperatkmB **. Law expenditures in connection with the organization 
 of the c or poration shall be charged to account No. 101, ** Organization **. 
 
 E283. IxjrrKizs Dustno Coxstscctiox. 
 Charge to this account all expenditares incident to injuries to perscms when 
 caused directly in connection with construction of electric plant and equip- 
 
18 Public Sebvice Commission, Second District 
 
 ment ; proportion of salaries and expenses of physicians and surgeons ; nursing 
 and hospital attendance, medical and surgical supplies, artificial limbs, rail- 
 road and carriage fares for conveying injured persons and attendants; funeral 
 expenses (including payments to undertakers) ; proportion of pay and ex- 
 penses of claim adjusters and their clerks, and pay and expenses of employees 
 and others called in consultation in relation to the adjustment of claims 
 coming under this head; also witness fees and amount of final judgments. 
 
 E284. Taxes During Construction. 
 Charge to this account all taxes and assessments levied and paid on prop- 
 erty belonging to the corporation vehile under construction and before the 
 plant is opened for commercial operation, except special taxes assessed for 
 street and other improvements, such as grading, sewering, curbing, guttering, 
 paving, sidewalks, etc., which shall be charged to the account to which the 
 property benefited is charged. 
 
 E285. Miscellaneous Construction Expenditures. 
 
 Charge to this account the salaries and expenses of executive and general 
 officers of an electric plant under construction; clerks in general offices en- 
 gaged on construction accounts or work; rent and repair of general offices 
 when rented, with the office expenses; insurance during construction; also all 
 construction and equipment items of a special and incidental nature which 
 can not properly be charged to any other account in this classification. 
 
 Note A. — This account may include a suitable proportion of store expenses when 
 such expenses are not assignable to specific materials. 
 
 Note B. — This account shall not Include any costs of organization, or any costs 
 or discounts connected with the issue and disposal of stocks, funded debt, or other 
 securities, and commercial paper. 
 
 E286. Interest During Construction. 
 
 Charge to this account the interest accrued upon all moneys (and credits 
 available upon demand) acquired for use in connection with the construction 
 and equipment of the property from the time of such acquisition until the 
 construction is ready for use. Interest receivable accrued upon such mone3rft 
 and credits shall be credited to this account. To this account shall also be 
 credited discounts realized through prompt payment of bills for materials 
 and supplies used in construction unless such discounts are credited to the 
 particular bills. 
 
 Olio. Land in Other Departments. 
 
 Charge to this account the cost of the corporation's interests in land 
 (exclusive of improvements thereon) devoted to operations other than electric 
 operations, gas operations, railroad operations, and street railroad operations.' 
 Such cost includes, when assumed or when paid by the purchaser in its own 
 hehalf, cost of registration of title, cost of examination of title, conveyancer's 
 and notary's fees, purchasing agent's commissions or fees, or proportion of 
 purchasing agent's salary, taxes accrued to date of transfer of title, and all 
 liens upon the title acquired. If at the time of acquisition of such interest 
 
 •Note. — Gas Capital, Railkoad Capital, and Street Railhoad Capital. — For 
 the accounts to which shall be charged the cost of capital devoted to gas operations, 
 see the Uniform System of Accounts for Gas Corporations; for steam railroad 
 operations, see the Uniform System of Accounts for Kxpenditures for Road and 
 Equipment, etc., as established for Steam Railroad Corporations by the Public 
 Service Commission ; and for electric railroad and street railroad operations, see 
 the Uniform System of Accounts for Street Railroad Corporations. 
 
AccouxTS FOB Electbical Cobporatioss 19 
 
 in lands it extends to buildings or other improvements thereon, which im- 
 provements are devoted by the corporation to operations other than the four 
 classes above mentioned, and the contract of acquisition does not determine 
 the price of such improvements, they shall be appraised at their fair cash 
 value, and such appraised value shall be charged to the appropriate acconnis 
 and excluded from the account " Land in Other Departments ". If such im- 
 provements aro held as investments, the cost (or appraised value at time of 
 acquisition of title if the cost to the corporation is not determined in the 
 contract of acquisition) shall be charged to the appropriate investment ac- 
 count. If tlie improvements are removed or wrecked, the salvage (less the 
 ccst of removal or wreckage) shall be excluded from the account " Land in 
 Other Departments ". 
 
 0102. Franchises is Otheb Ditartmexts. 
 Charge to this account "the amount (exclusive of any tax or annual 
 charge) actually paid to the State or to a political subdivision thereof as 
 the consideration for the grant of such franchise or right " as is necessary 
 to the conduct of the corporation's operations other than electric, gas, rail- 
 road, and street railroad. 
 
 O103. Patext-rights ix Other Departments. 
 
 Charge to this account the cost of all rights (having a life of more than 
 one year from the date when placed in service) acquired by the corporation 
 in or under valid patents granted by the United States to inventors for in- 
 ventions and discoveries which are necessary to the economical conduct of 
 the corporation's operations other than electric, gas, railroad, and street rail- 
 road. 
 
 O104. Other Intangible Capital i:n Other Departments. 
 
 Charge to this account the cost of all property of the corporation coming 
 within the definition of intangible capital devoted to its operations other 
 than electric, gas, railroad, and straet railroad, and not includible under 
 any of the foregoing accounts. 
 
 O120. Tangible Capitaii in Other Departments^ 
 
 Charge to this account the cost of all property of the corporation coining 
 within the definition of tangible capital devoted to its operations other than 
 electric, gas, railroad, and street railroad. 
 
 25. Floating Capital divided into two groaps. — Floating capital is divided 
 into two great groups, of which the first is herein called "Materials and Sup- 
 plies," and the second, " Current Assets ". 
 
 26. Definitions of Floating Capital accounts. — In the following definitions 
 the letters and figures prefixed to the titles of the accounts are no part of 
 the titles and are inserted merely for convenience of reference: 
 
 ElO. M.\te8Ials and Sctpues. 
 Charge to this account the cost (including transportation) of all materials 
 and supplies acquired by the corporation, regardless of whether the same 
 are intended to be consumed in construction or in operation, or later to be 
 sold. Where discounts recovered througli prompt pa^i-ment are not credited 
 to the particular bills, the cost at which such materials and supplies shall 
 be charged shall be the invoice cost, and any discounts recovered through 
 prompt payment of bills for such materials and supplies shall be credited to 
 
20 Public Service Commission, Second District 
 
 account No. E286, " Interest During Construction," or to account No. E852, 
 "Undistributed Adjustments — Balance," according as such materials an<f 
 supplies are intended for construction or for operation. 
 
 The scrap value of things retired from service shall be charged to an appro- 
 priate sub-account in this account while such things remain the property of 
 the corporation. If such scrap value is not known and can not readily be 
 determined it shall be estimated, and errors in such estimates when deter- 
 mined shall be adjusted through the accounts involved if during the year in 
 which the estimates were made ; if later, then through the " Corporate Surplus 
 or Deficit " account. 
 
 Inventories of materials and supplies shall be taken at least annually, and 
 any shortages or overages disclosed by such inventories shall be credited or 
 debited to this account and debited or credited to the operating expense ac- 
 count No. E852, "Undistributed Adjustments — Balance," in case they can 
 not be assigned to specific accounts. Shortages may, however, be charged 
 directly to " Corporate Surplus or Deficit ". Where such materials and sup- 
 plies have been used in construction, a suitable proportion of such shortages- 
 or overages may be debited or credited to account No. E285, " Miscellaneous- 
 Construction Expenditures ". 
 
 Note. — It is not required that the transportation element of cost shall be 
 assigned with a greater degree of accuracy than to the nearest cent per unit of 
 material or supply. Where a single transportation item covers a multitude of 
 things the portion of the expense not assigned to specific things should be charged 
 to the same account that store expenses are •charged to. 
 
 1. Cash. 
 Charge to this account all money coming into the possession of the corpora- 
 tion and in which the corporation has the beneficial interest. This includes 
 coin of the United States, United States treasury notes, gold and silver cer- 
 tificates and greenbacks, and bank bills payable to bearer. Also charge to Ifc 
 all bank credits, checks and drafts receivable, subject to satisfaction or 
 transfer upon demand (whether payable to bearer or to order). Credit this- 
 account with all cash disbursements of the corporation. 
 
 2. Bills Eeceivabij!;. 
 
 Charge to this account the cost of all bills receivable (except as below 
 provided) which are the property of the corporation and upon which solvent 
 concerns are liable or which are sufficiently secured to be considered good^ 
 This account includes demand notes, drafts, etc., issued by others than banks,, 
 and time notes, drafts, etc., by whomever issued. Thia account does not in- 
 clude investments (for which see page 21); nor does it include interest 
 coupons. 
 
 3. Accounts Receivable. 
 
 Charge to this account all amounts owing to the corporation upon ac- 
 counts with solvent concerns (other than banks) ; also the cost of all accounts 
 and claims upon which responsibility is acknowledged by solvent concerns or 
 which are suinciently secured to be considered good, and of all judgments 
 against solvent concerns where the judgment is not appealable or suspended 
 through appeal. This account does not include negotiables. 
 
 4. Interest and Dividends Receivable. 
 Whenever the income account is stated the appropriate sub-account therein 
 shall be credited, and this account shall lie charged with all accrued but 
 
AccoLXTS FOR Electkical Corporatioxs 21 
 
 «ot yet collected iaterest upon all ccmmercial paper and accounts eooaidered 
 collectible held br or for tiie benefit of the corporation; also all dividenda 
 declared or guaranteed hj solrent concerns but not vet collected, the right to 
 vhieh is in the corporation. 
 
 5. Otheb CtrKKEXT Assets. 
 
 Charge to this account the cost of all current assets of the corporation whicfi 
 4tre not includible under any of the last four foregoing accounts. By current 
 assets are meant only those things which are readily convertible into money 
 and which are held with the intent of being presmtly conrerted into money 
 .and not as inrestmenta. 
 
 27. Investments defined. — By Intestments, as here used, are meant all prop- 
 ■erties acquired not for use in present operations, but as a means of obtaining 
 or exercising control over other corporations, or for income to be derived 
 from them, or for a rise in value, or for devotion to future operations at a 
 time when it seems probable that they can not be so advantageously acquired 
 »B at the time of actual acquisition. By bound investments are meant those 
 iield subject to a lien of some character; by free investments am meant tlioae 
 held free of all liens. 
 
 300. IXVESTME^rS. 
 
 The cost of the corporation's title to any property held as an inveslanoit 
 shall be charged to an account entitled ** Investments ". 
 
 XoTK. — In the annoal rqmrts to be made to the Public Service Commission fay 
 the corporations and other persons engaged in electric <HieratIons. inT<>stments, 
 whether boond or free, will be required to be claasilled with at least the followtmr 
 -detail : 
 
 Boond investments will be reqoired to be divided into the three classes : " Ifort- 
 gased or Pledged Investments.** ** Contractual Pond Investments," and ** Other 
 Boond Investments ". Each of these three classes, and the class " Free Invest- 
 ments,** will be reqoired to be sobdlvided into the following : Funded Debt of Con- 
 trolling Corporations. Ponded Debt of Affiliated Corporatioas. Ponded Debt of Oni- 
 trolled Corporations, Sto^s of Controlling C<HrpoiatIaBS, Stocks of Affiliated Cor- 
 porations. Stods of Controlled Corporations, Advances to Controlled Corporation^ 
 Funded Debt of Other Corporations. SEtocks of Other Coriiorations, Land, Improve- 
 ments on Land, and Other Investmeits. 
 
 38. Special Deposits defined. — By Special Deposit*, as here used, are meant 
 amounts of money and bank credits in the hands of fiscal and other agents of 
 the corporation for the payment of coupons, dividends, or o£her special 
 purposes. Credits at banks subject to check of the corporation or its agents 
 for general purposes, deposits at banks whether withdrawable at pleasure 
 or after a specified time, amounts of money in safety deposit vaults, etc., so 
 long as tliey are available for general purposes of the corporaticHi, shall be 
 excluded herefrom. 
 
 311- Cocpox Speciai. Iteposrrs. 
 
 Charge to this account all moneys and bank credits specially deposted in 
 ihe hands of fiscal agents or other agents of the corporation for the payment 
 of interest coupons when presented. Such coupons when paid from sudi 
 deposits shall be credited to this account and charged to the appropriate 
 matured interest account. Payments to trustees (or other agents) of the 
 holders of bonds or other seeofities of the interest accrued thereon which op- 
 erate under the terms of the securities (or of mortgages supporting such 
 securities) as a rekaae of the paying corporation from further liability for 
 such interest shall not be charged to this account, but to the appropriate 
 "Interest Accrued" account. 
 
22 Public Service Commission, Second District 
 
 312. Dividend Special Deposits. 
 
 Charge to this account all moneys and bank credits specially deposited in 
 the hands of fiscal agents or other agents of the corporation for the payment 
 of dividends upon the corporation's stocks. Such dividends when paid from 
 such deposits shall be credited to this account and charged to the appropriate 
 dividend account. 
 
 313. Other Special Deposits. 
 
 Charge to this account all moneys and bank credits deposited in the hands 
 of fiscal agents or other agents of the corporation for other special purposes 
 than the payment of interest coupons and dividends. Charges to this account 
 shall specify the purpose for which the deposit is made. When such purposes 
 are satisfied this account shall be credited with the amount specially deposited 
 to provide such satisfaction. 
 
 29. Prepayments. — When payments for taxes, insurance, rents, and the like 
 are made in advance of the actual accrual thereof, the amount of the advance 
 pajment shall be charged to tlie appropriate account in this group. As such 
 taxes, etc., accrue, the appropriate prepayment account shall be credited and 
 the appropriate expense or other income account shall be charged. 
 
 Note. — By the accrual of taxes, insurance, rents, etc., is meant their accumula- 
 tion when considered as spread uniformly over the period to which they apply- 
 Thus, if the rent fixed by contract of lease for a certain property is ?600 for a 
 calendar year, this accrues at the rate of $50 each month (unless it is desired to 
 base the accrual on days, when of course the varying lengths of the months would 
 require to be considered), regardless of the actual times when the rent matures; 
 $50 should thus (if the rent has been prepaid) be credited each month to the 
 account " Trepaid Rents," and concurrently charged to the appropriate account 
 in the " Income " account. Similarly in the case of other prepayments. 
 
 321. Prepaid Taxes. 
 
 When taxes are paid in advance of their accrual, the amount prepaid shall 
 be charged to this account. As the taxes thus prepaid accrue, they shall be 
 credited at monthly intervals to this account and charged to the appropriate 
 taxes account. This account must not include any so called taxes, like water 
 taxes, drainage taxes, fire taxes, etc., which are payments for special benefits 
 received. Such payments for special benefits, where finally oliargeable to 
 operating expenses, must, when prepaid, be charged to account No. 324, " Other 
 Prepayments ". 
 
 322. Pbepatd Insurance. 
 
 When premiums on insurance policies are paid in advance of their accrual, 
 the amount prepaid (whether paid in cash or by the issue of notes or other 
 negotiable paper) shall be charged to this account. As such premiums accrue 
 they shall be credited at monthly intervals to this account and charged to the 
 appropriate expense account. 
 
 323. Prepaid Rents. 
 
 When rents are paid in advance of the enjoyment of the term, the amount 
 prepaid (whether paid in cash or by the issue of notes or othef negotiable 
 paper) shall be charged to this account. As the term is consumed, this 
 account shall be credited at monthly intervals and the appropriate fent 
 account in the income account shall be charged. 
 
 324. Other Prepayments. 
 
 When prepayments are made for any other thing than taxes, insurance, and 
 rente, above provided for, such prepayments shall be charged to this account; 
 
Accounts fob Eij:ctbicai. Cokporations 23 
 
 and as the purpose of the prepayment is satisfied, proportionate amounts 
 shall be credited monthly to this account and charged to the appropriate 
 expense or income account. 
 
 30. Suspense. — When any expenditure is made, the appropriate disposition 
 of which is not yet determinable, or when any loss occurs which under the 
 rules of the Public Service Commission may be spread over a period of time, 
 or when any debit made for any other reason may be amortized through 
 charges made to expense or other income accounts at intervals over a period 
 of time, such expenditure, loss, or other dd>it shall, except as herein other- 
 wise directed, be charged to an appropriate account in this group of accoimts. 
 
 Note. — Bj " amortization " of any charge or credit is meant its gradual ex- 
 tinction. The word is broader than the word " depreciation," since the latter is 
 restricted ordinarily to tangible property. Tlie word " depreciation " also imports 
 more of the idea of fluctuating value and. is complicated somewhat with the question 
 of cost of replacement at market prices. Because it is considered unnecessary in 
 connection with the gradual consumption or expiration of life of capital to con- 
 sider the question of cost of replacement until the replacement is actually made, at 
 which time the cost of replacement is duly charged to the appropriate account, 
 and because provision is necessary for the gradual extinction of certain charges 
 (such as those for some kinds of capital, those for extraordinary casualties, for 
 discount on debt, etc.), to which the term "depreciation" does not well apply, it 
 is considered advisable to use the term " amortization " in connection with the 
 extinction of such charges, and of certain corresponding credits, such as premiums 
 on debt outstanding. 
 
 331. UNAMORTIZED DEBT DlSCOUXT AXD EXPEXSE. 
 
 When funded debt securities and other evidences of indebtedness are dis- 
 posed of for a consideration whose cash value is less than the sum of the par 
 value of the securities or other evidences of indebtedness and the interest 
 thereon accrued at the time the transfer takes place, the excess of such sum 
 of the par value and accrued interest over the cash value of the consideration 
 received shall be charged to this account. To this account shall also be 
 charged all expense connected with the issue and sale of evidences of debt, 
 such as fees for drafting mortgages and trust deeds, fees and taxes for record- 
 ing mortgages and trust deeds, cost of engraving and printing bonds, certifi- 
 cates of indebtedness, and other commercial paper having a life of more than 
 one year, fees paid trustees provided for in mortgages and trust deeds, fees 
 and commissions paid underwriters and brokers for marketing such evidences 
 of debt, and other like expense. At or before the close of each fiscal period 
 thereafter, a proportion of such discount and expense based upon the life of 
 the security to maturity shall be credited to this accoimt and charged to 
 account No. 928, "Amortization of Debt Discount and Expense ". Such dis- 
 count and expense may, if desired, be amortized more rapidly through charges 
 of all or anj- part of it, either at the time of issue or later, to the account 
 " Other Deductions from Surplus ". 
 
 332. Otheb Suspexse. 
 To this account shall be made all debits not elsewhere provided for and 
 the proper final disposition of which is uncertain. This will include all such 
 matters as expense of preliminary surveys, plans, investigations, etc., made 
 for determining the feasibility of projects imder contemplation. Should any 
 such project later be carried to completion, such amounts shall be credited 
 to this account and charged to the proper capital account; should it be 
 abandoned, such amoimts shall be charged to " Corporate Surplus or Deficit '*. 
 
24 Public Service Commission, Second District 
 
 A\ hen the proper disposition of any matter charged to this account is deter- 
 mined, it shall be credited to this account and charged to the appropriate 
 Account. 
 
 31. Securities Actually Issued and Later Re-acquired. — For the case of 
 securities actually issued by the corporation and later re-acquired by it, the 
 following account is provided: 
 
 340. Re-acquibed Securities. 
 When securities, whether funded debt or stocks, have been actually issued 
 to bona fide holders for value (or after such issue by another corporation 
 have been assumed by the accounting corporation), and after such issue (or 
 Assvimption) have been acquired by the corporation under circumstances which 
 require that they shall not be treated as paid or retired, they shall be 
 charged at face values to this account. 
 
 32. Debt defined. — The word debt, as here used, covers all absolute obliga- 
 tions to pay money at a definite time or times, or at a time or times which 
 are capable of being made definite by demand or other act of the creditor. 
 It d;)e3 not cover contingent obligations, such as obligations to pay rent for 
 future enjoyment of the term, liabilities of indorsers upon paper not yet 
 •defaulted, etc. 
 
 Debt is divided into Funded Debt and Unfunded Debt. 
 
 33. Funded Debt defined. — Funded Debt comprises all debt which by the 
 terms of its creation does not mature until more than one year after date of 
 creation. 
 
 34. Unfunded Debt defined. — Unfunded Debt comprises all debt which by 
 the terms of its creation matures one year or less after the date of creation 
 or after demand. 
 
 35. Funded Debt accounts. — Funded debt shall be divided in the accounts 
 into classes, such classes being determined by the four characteristics: (1) 
 mortgage or other lien or security therefor, (2) rate of interest, (3) interest 
 ■dates, and (4) date of maturity. A separate sub-account shall be raised 
 for each such class of funded debt, and no two amounts of debt not agreeing 
 in respect of all four of the characteristics above named shall be included in 
 the same sub-account. The title of each sub-account of funded debt shall 
 exjiress the four characteristics above stated, that is to say: mortgage or 
 other lien or security, rate of interest, dates of maturity of interest, and 
 •date of maturity of principal ; as e. g., " First Mortgage 5% QF 10, Aug. 10, 
 1928," which means funded debt secured by the company's first mortgage, 
 "bearing interest at the rate of 5 per cent, per annum, interest maturing 
 ■quarterly on February 10th, May 10th, August 10th, and November 10th of 
 each year, principal maturing August 10, 1928. 
 
 Where any portion of the funded debt rests only on the general credit of 
 the corporation and is not specially secured or supported by lien of any 
 character, it shall for the purposes of these accounts be known as a " deben- 
 ture ". " Debentures " thus include promissory notes unsecured by mortgage 
 ■or other lien, also those securities commonly known as " plain bonds ". 
 
 To the appropriate sub-account in " Funded Debt " shall be credited when 
 issued the par value of the amount of evidences of funded indebtedness issued. 
 The entry shall show not only the amount issued but the purpose for which 
 issued, and shall make intelligible reference to the book, page, and account 
 
Accounts foe Electrical Coeporations 25 
 
 whereon are shown any discounts or premiums realized on the amount issued. 
 If the consideration received for the issue is anything else than money, the 
 entry shall show further the principal to whom issued, and shall describe 
 with sufficient particularity to identify it the actual consideration received 
 for the issue. If the issue in any case is to an agent of an undisclosed prin- 
 cipal, the name and business address of such agent and the fact of his agency 
 ehall be shown in the entry. 
 
 36. Unfunded Debt accounts. — The accounts for unfunded debt are defined 
 as follows: 
 
 351. Taxes Accbued. 
 
 Credit to this account at the close of each month the taxes accrued during 
 the month, and make corresponding charges to the appropriate " Taxes " 
 account. Credits to the account "Taxes Accrued" will necessarily be based 
 upon estimate until the amount of tax levied for the tax period is known; 
 such estimates shall be based upon the best data available, and as soon a» 
 the amount of tax for the period is known the account involved shall be 
 adjusted to conform. When any tax is paid it shall be charged to this 
 account and credited to " Cash " or other suitable account. 
 352. Recei\'eb's Certificates. 
 
 When any receiver acting under the orders of a competent court is in poa- 
 sessjon of the property of the corporation and under the orders of such court 
 issues certificates of indebtedness chargeable upon such property, the par 
 value of such certificates shall be credited to this account. Interest accruing 
 upon such certificates shall also be credited monthly to this account. 
 
 353. Judgments Unpaid. 
 
 When any judgment of indebtedness is rendered by a court of competent 
 jurisdiction against the corporation, or any fine or penalty requiring the 
 payment of money is assessed bj' such a court against the corporation, and na 
 appeal accompanied by stay of execution has been taken therefrom within 
 the time allowed by law for such appeal, the amount of such judgment shall 
 be credited to this account, and the entry shall designate the action or suit 
 as a consequence of which such judgment is pronounced or such fine or penalty 
 assessed. The designation of the action or suit shall show the court, the 
 term thereof, the parties, and the character of the action or suit. Interest 
 accruing upon any such judgment shall be credited monthly to this account. 
 
 Note. — In case of appeal and affirmance In whole or in part from which Judg- 
 ment of affirmance a further appeal lies, the same rule shall apply as upon entry 
 of original Judgment. 
 
 354. INTEKEST Accbued. 
 
 Credit to this account at the close of each month the interest accrued 
 during the month upon indebtedness of the corporation. When such interest 
 is paid it shall be charged to this account and credited to " Cash " or other 
 suitable account. 
 
 The account " Interest Accrued " does not include interest on judgments, 
 nor that upon receiver's certificates. The interest accruing on any judgment 
 against the corporation or upon any receiver's certificate shall be credited 
 to the account to which such judgment or receiver's certificate stands credited. 
 
 Note. — When coupon Interest matures It should be transferred from the sub- 
 account " Unmatured Coupon Interest Accrued " to the sub-account " Coupon In- 
 terest Matured". When such Interest Is paid out of coupon special deposits the 
 ■nb-account " Coupon Interest Matured " should be charged and the account 
 " Coupon Special Deposits " credited. 
 
2G Public Service Commission, Second Distkict 
 
 355. Dividends Declabed. 
 
 When any dividend is declared it shall be credited to thia account and 
 here remain until i.t is paid, when it shall be charged to this account and 
 credited to " Cash " or other suitable account. 
 
 356. Bills Payable. 
 
 When any note, draft, or other bill payable which matures not later than 
 one year after date of issue (or of demand) or assumption by the corporation 
 of primary liability thereon is issued or assumed, the par value thereof shall 
 be credited to this account, and when it is paid it shall be charged to this 
 account and credited to " Cash " or other suitable account. 
 
 E3o7a. Consumers' Deposits — Electric. 
 
 Credit to this account, as such deposits are made, all cash deposited with the 
 corporation by consumers as security for the payment of electric bills. De« 
 posits refunded shall be charged to this account and credited to " Cash ". 
 Deposits applicable to uncollectible or worthless electric bills shall, at the close 
 of tlie fiscal year (or earlier, at the option of the accounting corporation), 
 be credited to the account of the consumer involved and debited to this 
 account. 
 
 357b. Other Accounts Payable. 
 
 ( redit to this account when incurred all liabilities of the corporation upon 
 open accounts, except those provided for in the foregoing account " Con- 
 sumers' Deposits ". 
 
 358. Other Unfunded Debt. 
 
 Credit to this account at face value all unfunded debt upon which the 
 corporation is liable and which is not elsewhere provided for. 
 
 37. Reserves. — ^Reserves shall be classified as Permanent and Temporary. 
 
 38. Permanent Reserves defined. — By Permanent Reserves are meant those 
 that must be maintained intact during the life of the corporation. Permanent 
 reserves shall be classified into the two classes: Premiums on Stocks, and 
 Other Permanent Reserves, 
 
 371. Premiums on Stocks. 
 
 Premiums on stocks shall be sub-classified with respect to the several classes 
 of stocks, for definitions of which see the accounts under the head " Stocks ". 
 A sub-account shall be kept for each particular class of stocks, and such 
 sub-accounts shall be severally entitled: 
 
 Premiums on Debenture Stocks, 
 
 Premiums on First Preferred Stocks, 
 
 Premiums on Second Preferred Stocks, etc., and 
 
 Premiums on Common Stocks. 
 
 When a premium is realized upon an issue of any particular class of stock, 
 such premium shall be credited to the sub-account above provided for such 
 class of stock, and such credit shall remain in such account so long as such 
 stock remains outstanding. By a premium realized (as the words are above 
 used) is meant the excess of the actual money value (at the time of issue 
 of the stock) of the consideration received for such issue over the par value 
 of the amount of stock issued. If the stock is issued by the corporation to 
 its treasurer or other agent, the excess of the actual money value of the 
 consideration obtained by such agent in exchange for such stock over the par 
 value thereof shall be considered the premium realized. 
 
AccouMs FOE Electbical Corporations 27 
 
 372. Other Pebmane-st Reserves. 
 Credit to this account all reserves not above provided for created to remain 
 intact until the dissolution of the corporation. A separate sub-account shall 
 be created for each particular purpose for which a reserve is raised, and 
 the purpose of the reserve shall be designated in the title of the account 
 thereof and shall be expressed in full in the first entry in such account. 
 
 39. Temporary Reserves defined. — By Temporary Reserves are meant those 
 that are not intended to remain intact during the life of the corporation. 
 Temporary reserves shall be classified as Contractual Reserves and yon-con- 
 trajstnal Reserves. 
 
 40. Contractual Reserves defined. — Contractual Reserves are reserves neces- 
 sitated by contracts of the corporation, as e. g., reserves to cover sinking 
 funds provided for in mortgages, etc. A separate sub-account shall be raised 
 for each particular contractual reserve, and to such account shall be credited 
 all appropriations and accumulations made in accordance with the contract 
 provisions under which such reserve is created. The purpose of the reserve 
 shall be designated in the title of the account thereof and sliall be expressed 
 in full in the first entry in Such account. 
 
 41. Non-contractual Reserves defined. — y on-contractual Reserves are such 
 temporary reserves as are raised without being required under any contract. 
 Noncontractual reserves are divided into Required and Optional. 
 
 4a. Required Reserve accounts. — Required reserves are provided for in the 
 following accounts: 
 
 374. Accrued Amortization of Capital. 
 
 Credit to this account such amounts as are charged from time to time i/y 
 " Operating Expenses," or other accounts to cover depreciation of plant and 
 equipment, and other amortization of capital. When any capital is retired 
 from service, the original money cost thereof (estimated if not known, and 
 where estimated, that fact and the facts upon which the estimate is based 
 shall be stated in the entry), less salvage, shall (except as provided in 
 account No. ElOO, "Fixed Capital, December 31, 1908,") be charged to this 
 account. Tlie amount originally entered or contained in the charges to any 
 capital account in respect of such capital so going out of service shall be 
 credited to such capital account, and any necessary adjusting entry made 
 to the appropriate sub-account under the account " Corporate Surplus or 
 Deficit ". 
 
 375. Unamortized Premium on Debt. 
 
 When funded debt securities or other evidences of indebtedness are dis- 
 posed of for a consideration whose cash value is greater than the sum of the 
 par value of such securities or other evidences of indebtedness and the interest 
 thereon accrued at the time the transfer takes place, the excess of the cash 
 value of such consideration received over the sum of the par value of the 
 securities or other evidence of indebtedness and the accrued interest shall be 
 credited to this account. At monthly intervals thereafter a proportion of 
 such premium based upon the life of the security or other evidence of in- 
 debtedness to maturity shall be charged to this account and credited to 
 "Amortization of Premium on Debt" in "Income" account; or at the option 
 of tlie corporation the charge to this account may be delayed to a time not 
 later than the date of maturity of the debt, in which case the proportion ap- 
 
28 Public Service Commission, Second Disteict 
 
 plicable to the period covered by the then current income account shall be 
 credited to the account "Amortization of Premium on Debt," and the re- 
 mainder of the credit shall be to the account " Other Additions to Surplus ". 
 376. Other Required Reserves. 
 Credit to this account all required reserves not elsewhere provided for. Th* 
 first entry of a credit to this account with respect to any particular reserve 
 shall show the purpose of the reserve, and every subsequent entry Witb 
 respect to that reserve shall designate the reserve to which it relates. 
 
 43. Optional Reserve accounts. — Optional Reserves are those the creation of 
 whicli is solely within the discretion of the corporation. For such reserves 
 the following two accounts are provided: 
 
 381. Casualties and Insurance Reserve. 
 When any admitted liability arises because of loss or damage to the prop- 
 erty of others, or of injuries to employees or other persons, the amount of 
 the liability may (if not previously provided for by insurance or self-insur- 
 ance) be charged to the appropriate opin-ating expense or other accounts and 
 credited to this account, against which (in such case) the actual cost of satis- 
 faction of the liability shall be charged when the matter is determined. If 
 the extent of the liability can not be ascertained promptly after the lia- 
 bility arise?, it may be estimated as accurately as practicable for the purpose 
 of determining the immediate charge to the expense or other appropriate 
 account, in which case the matter shall be adjusted when the extent of the 
 liability is definitely ascertained. If the loss is of such character that it is 
 in whole or in part indemnifiable under any contract of insurance carried by 
 the corporation, the indemnifiable portion of the loss shall be charged to the 
 insurer and credited to " Casualties and Insurance Reserve ". Also credit to 
 this account tlip amounts charged to the operating expense account "Insur- 
 ance " to cover self-carried risks. 
 
 382. Other Optionai. Reserves. 
 A sub-account shall be raised for each particular reserve, and its title shall 
 designate the purpose of such res^erve and the first entry therein shall express 
 in full such purpose. 
 
 44. Stocks defined. — By Stocks of a corporation, as the term is here used, 
 are meant those securities which represent jjermanent interests in the corpora- 
 tion or interests which, if terminable, are so only at the option of the cor- 
 poration. 
 
 45. Stocks classified. — Stocks are classified as — 
 Debenture Stocks, 
 
 First Preferred Stocks, 
 
 Second Preferred Stocks, etc., and 
 
 Common Stocks. 
 
 46. Debenture Stocks defined. — Debenture Stocks are those issued under a 
 contract to pay absolutely thereon at specified intervals a specified return. 
 
 47. First Preferred Stocks defined. — First Preferred Stocks are those which 
 have the first claim upon such dividends as may be distributod. They may be 
 cumulative or noncumulative, participating or nonparticipating. If cumu- 
 lative, the amount by which the dividend at any dividend period fails to. reach 
 the stipulated rate is carried forward to continue as a claim upon dividends 
 
Accounts fob Eubctbicai, Cokporatioxs 29 
 
 until satisfied; if noneumulative, such amoant Upaea. If a first preferred sto^ 
 is participating, it is not limited to tlie atipnlated ra,te in the amoimt of diri- 
 dends which it may reoeive, but is entitled to participate, in aeeordanee with 
 the terms of the contract under which it is issued, in further dividends; if 
 nonparticipating, it is limited to the stipulated rate. 
 
 48. Second Preferred Stocks defined. — Second Pr^erred Stocks are thoaa 
 whose claims in the distribnfiaai at dividends are next after those of first 
 inferred stocks. These rtoeka may also be cumulative or noneomnlaUve, par- 
 ticipating or nonparticipating. 
 
 49. Common Stocks defined. — ComwuM Stocks are tiiose whose claims in tha 
 distribution of dividends are subordinate to the claims of all other stocks. 
 
 50L Votiiqs Powers. — iitocks differ ako in r^ard to ihe voting powcn inci- 
 dent to ownership of them. 
 
 51. Retirement of Stocks. — Stocks are sometimes issued under contracts 
 wherein the issuing corporation reservea to itself the right to retire them at 
 its option, either absolute or subject to conditions expressed in the contracts 
 whereunder the stocks are issued. 
 
 52. Separate account required for each class of stocks. — In the accounts of 
 sto^s outstanding, a separate account shall be raised for each class of stodc 
 issued, and no two stodcs shall be considered of the same class unless they 
 are equal in their interest or dividend rights, their voting rights, and tho 
 conditions under which they may be retired. The characteristics of any class 
 of stodES in these three regards shall be' designated in the title of the aeeomit 
 raised to cover such stocks and shall be clearly expressed in the first entry 
 in such account. To the account for any class of stocks shall be credited 
 when issued the par value of the amount of stock of that class issued. If 
 such issue is for money, that fact shall be stated; and if for any other am- 
 eideration than money, the person to whom issued shall be designated, and 
 the consideration for which issued shall be described with sufficient par- 
 ticularity to identify it; if such issue is to the treasurer, or other agent of 
 the corporation, to be by him disposed of for the benefit of the eorporatian, 
 that fact and the name of such agent shall be shown; and such agent shall 
 In his account of the disposition thereof show the like details concerning the 
 consideration realized thereon, which account when accepted by the oorpo- 
 rati<m shall be preserved as a corporate record. If the fair cash value of 
 the eonsideraUtm realized upon the issue of any amoimt of stock is greater 
 than the par value of such stock, the excess shall be credited to the account 
 "Premiums on Stocks," and corresponding reference thereto shall be con- 
 tained in the entry relating to such stock in Uie stock account. 
 
SCHEDULE B. 
 
 INCOME ACCOUNT. 
 
 I. Income and Indicant accounts compared. — A comparison of the balances- 
 
 in the foregoing accounts (Schedule A) at any particular moment will, if the 
 accounts have been properly kept, show the then existing condition of a cor- 
 poration's affairs so far as such condition can be shown tlifougli tlu' accounts. 
 The group of accounts just defined is sometimes called the Balance Sheet or 
 Indicant accounts. Their balances indicate the condition of the corporation 
 at any particular time. These accounts with their subsidiary accounts are 
 all that are necessary prior to the time when the corporation becomes what 
 may be called a " going concern ". 
 
 When a corporation begins operations it requires an additional group of 
 accounts in which to classify in convenient form the accounting history of 
 the various changes it undergoei. Such group of accounts brings together 
 or accumulates the account of the various incidents of the corporation's his- 
 tory. This group of accounts may be called the Income account. Thoy are 
 made up usually on a yearly basis and are closed into one grand account 
 called " Corporate Surplus or Deficit," which ties together this group oh 
 accounts and the preceding group. 
 
 2. Divisions of Income account. — The principal divisions of this group of 
 accounts are the Revenue accounts, the Revenue Deduction accounts, the- 
 Income Deduction accounts, and the Appropriation accounts. 
 
 3. Revenues defined. — By Revenues, as the word is used herein, are mean* 
 all amounts of money which the corporation receives or becomes lawfully en- 
 titled to recover for services rendered, for products sold, as gross profits oi> 
 merchandise sold, or as a return upon its property (or interests in property). 
 Revenues are classified as Operating Revenues and Non-operating Revenues. 
 
 4. Operating Revenues defined. — Operating Revenues are those derived from 
 the sale of products and merchandise, from services rendered, and from returtt 
 on property used by the person or corporation in its own operations. 
 
 5. Non-operating Revenues defined. — you-opcrating Rfvenucs are those 
 derived as a return upon the property of the corporation In the hands of 
 others or from its interests in property in the hands of others. They may be 
 sub-classified as Rents, Interest, Dividends, and Miscellaneous. 
 
 6. Revenue Deductions defined. — Revenue Deductions include Expenses, 
 Taxes, and Uncollectible Bills. 
 
 7. Expenses defined. — Expenses are those outgoes (including capital con- 
 sumed) necessary to the production of the commodities sold and the services 
 rendered, and to the collection of the revenues. They are divided into Operat- 
 ing Expenses and Non-operating Expenses. Operating Expenses are those 
 incident to the operating revenues. 
 
 [301 
 
Accounts fok Electrical Cokpoeations 31 
 
 8. Taxes defined. — Taxes are those annual or other payments exacted hj 
 governments for the purpose of raising funds for public uses. 
 
 9. Uncollectible Bills defined. — When a corporation is engaged regularly 
 in rendering to general consumers a service, or in supplying to such con- 
 sumers a commodity (as e. g., electric energy or gas for light, heat, cr 
 power), current accounts or claims against such consumers for such service 
 rendered or commodity supplied which are incapable of collection by the exer- 
 cise of reasonable diligence are included under the name Uncollectible Bills. 
 
 10. Gross Income, Income Deductions, and Net Corporate Income defined. — 
 Revenues, diminished by expenses, taxes, and uncollectible bills, give an 
 amount called Gross Income, which is applicable to corporate and leased 
 properties. Gross income is subject to several compulsory deductions, mostly 
 contractual, like rent, interest, etc., and the remainder after these are made^ 
 is called Xet Corporate Income, which being subject only to the discretion of 
 the corporation is most conveniently carried directly to the corporate sur- 
 plus. The accounts covering the compulsory deductions from gross income, as 
 above defined, are called the Income Deduction accounts. 
 
 11. Appropriation accounts defined. — The accounts covering the yearly 
 changes in the corporate surplus are called the Appropriation accounts, since 
 practically all of the matters covered by them are within the discretion of the 
 corporation, although they also include certain adjustments made because 
 of facts of previous years imperfectly accounted for at the time (whether 
 through error or through lack of information), and certain other minor 
 matters like extraordinary expenses not chargeable as deductions from reve- 
 nues; also such matters as profits on the sale of capital, and profits and 
 losses on the sale of investments. 
 
 12. Definitions of Electric Operating Revenue accounts. — Credits to the 
 various revenue accounts shall be made upon the basis of bills rendered or 
 of gross prices. Discounts for prompt payment, corrections of overcharges, 
 overcollections theretofore credited and afterward corrected, authorized abate- 
 ments and allowances, and other corrections and deductions shall be charged 
 to the revenue account to which they relate. In the following definitions of 
 accounts the letters and numbers prefixed to the titles are inserted solely for 
 convenience of reference and are no part of the titles or of the definitions: 
 
 401. Municipal Street Lighting — Abc* 
 Credit to this account all revenues derived from lighting streets for munici-- 
 pal corporations by means of arc lamps. 
 
 402. Municipal Street Lighting — Incandkscent. 
 
 Credit to this account all revenues derived from lighting streets for munici- 
 pal corporations by means of incandescent electric lamps. 
 
 Note. — In the foregoing two accounts the word '• streets " is to he interpreted 
 to include parks, plazas, and all other public places not classified as buildings. 
 
 403. Lighting Municipal Buildings — Electbic. 
 Credit to this account all revenues derived from lighting municipal build- 
 ings by means of electric lamps, and from electric energy supplied for such 
 
 ' Charges to this and the following revenue accounts must be made In such wise 
 as to permit their classiflcatlon in the annual report of the corporation to the 
 Public Service Commission. 
 
32 Public Service Commission, Second District 
 
 purposes, or for heat or power in municipal buildings where such energy ii 
 supplied at lighting rates and is not separately measured. 
 
 404. MuNiciPAi, Heat and Power — Electbic. 
 Credit to this account all revenues derived from municipal corporations for 
 electric energy supplied at special heat or power rates to such corporations 
 for the production of heat and power. 
 
 405. Miscellaneous Electbic Revenue — Municipal. 
 Credit to this account all revenues derived from supplying electric energy 
 to municipal corporations and not provided for in the foregoing accounts; 
 also those from the letting of meters, motors, and other electric equipment 
 to such corporations. 
 
 406. Commebcial Flat Rate Lighting. 
 Credit to this account all revenues derived from consumers other than 
 municipal corporations for electric lighting at fiat rates per year, per month, 
 per night, per hour, or other time unit, or on any basis independent of the 
 quantity of energy supplied. 
 
 407. COMMEBCLAL FLAT RATE POWEB. 
 
 Credit to this account all revenues derived from all consumers,, except 
 municipal, railroad, and other electrical corporations, for electric energy 
 supplied for heat or power at special flat rates per year, per month, per night, 
 per hour, or other time unit, or on any basis independent of the quantity of 
 energy supplied. 
 
 408. Commebcial Metebed Lighting. 
 
 Credit to this account all revenues derived from all consumers, except 
 municipal corporations, for measured electric energy supplied for electric 
 lighting where the total receipt is dependent on the quantity of energy 
 supplied. 
 
 Note. — Where electric energy flowing through any meter Is used by any other 
 consumer than a municipal corporation for both arc and Incandescent lighting, or 
 for arc and Incandescent lighting and incidentally for power purposes such as 
 running fans, sewing machines, etc., the revenues derived therefrom shall be credited 
 to this account 
 
 409. Commebcial Metebed Poweb. 
 
 Credit to this account all revenues derived from all consumers, except 
 municipal, railroad, and other electrical corpwrations, for measured electric 
 energj' supplied for boat or power at special heat or power rates, where 
 the total receipt is dependent on the quantity of energy supplied. 
 410. Railboad Cobpobations. 
 
 Credit to this account all revenues derived from electric energy sold to 
 street and other railroad corporations for the propulsion of their cars, for 
 running their shops, and for other power, and for heating purposes. If such 
 energy is incidentally used for lighting also, but the portion used for lighting 
 is not separately measured, the revenue therefrom shall be included in this 
 account. 
 
 411. Other Electbical Cobpobations. 
 
 Credit to this account all revenues derived from electric energy sold to 
 other electrical corporations to be by them distributed over their own lines to 
 consumers. If any portion of such energy is incidentally consumed by such 
 corporations for their own benefit, whether for light, heat, or power, it shall 
 
Accounts fok Ei.ixtiucai. Cokpokations 33 
 
 be included herein, if not separately measured, or if included under the same 
 contract with that which is distributed by them to consumers. 
 421. Rent of Electric Meters. 
 
 Credit to this account all revenues derived from the letting of electric 
 meters to others than municipal corporations. 
 
 422. Rent of Electric Appliances. 
 
 Credit to this account all revenues derived from the letting of electric 
 motors, fans, heating appliances, batteries, lamps, and other electric apparatus 
 and appliances (except meters) to others than municipal corporations. 
 Where the contract of letting names only a single consideration for both the 
 letting and the maintenance of the appliances so let, the entire revenue shall 
 be included in this account. 
 
 423. Electric ^Ierchandisk and Jobbing Revenue. 
 
 Credit to this account all receipts from the sale of electric merchandise andl 
 from electric jobbing. Charge to this account the cost to the accounting 
 corporation of electric merchandise sold, such cost including transportation i 
 charges paid on such goods. 
 
 Credit also to this account tlie profit or commission accruing to the cor- 
 poration on all jobbing work performed by it as agent under agency contracts,. 
 whereunder it undertakes to do jobbing work for another for a stipulated! 
 profit or commission upon its actual expense for labor, materials, and supplies;. 
 
 Note A. — In Jts annual reports to the Public Service Commission the reporting 
 corporation will be required to analyze the credits and debits to this account. 
 
 Note B. — This account does not include receipts from the sale of superseded 
 equipment, or of junk or other scrap or salvage. 
 
 424. Sale of Byproducts. 
 
 Credit to this account all revenue derived from the sale of ashes, cinders, 
 chemical waste, gas producer residuals, and other byproducts of electric 
 operations. 
 
 425. Joint Electric Rent Revenue. 
 
 When any corporation engages in electric operations for the production of 
 some of its product for the benefit of another or others under an arrangement 
 for apportioning the expense upon the basis of the relative amounts of benefit 
 to the several participants in the arrangement, if such arrangement provides 
 for the receipt by the corporation of an\- profit or return upon its property, 
 such profit or return upon property shall, as it accrues, be credited month 
 by month to this account. Such profit or return must be over and above any 
 provision for wear and tear and depreciation of plant involved in the said 
 production, and the amount thereof must be as provided in the arrangement 
 under which the joint production occurs. 
 
 426. Break-dowx Service. 
 Credit to this account all revenues derived from the insurance of a supply 
 of electric energy to a stipulated amount to concerns ordinarily producing 
 their own or procuring it from sources other than the corporation acting as 
 insurer. 
 
 427. Otheb Miscellaneous Electric Rs:ventje, 
 Credit to this account all revenues derived from others than municipal cor- 
 porations for the supply of electric energy and service and from other electric 
 operations not includible in any of the foregoing accounts. 
 
 2 
 
34: Public Sekvice Commission, Secoxd District 
 
 13. Revenue from Outside Operations. — The detailed revenue accounts for 
 operations other than the above mentioned will be provided for elsewhere. 
 
 14. Operating Expenses defined. — By the operating expenses of a corpora- 
 tion are meant such expenses as are necessary to the maintenance of the 
 corporate organization, the rendering of services required or authorized by 
 law, the sale of merchandise, the production (including herein capital con- 
 sumed) and disposition of the commodities produced, and to the collection 
 of the revenues therefor. Expenses directly incident to the collection of non- 
 operating revenues and the maintenance of the property from which non- 
 operating revenues are derived are excluded from operating expenses. 
 
 15. Definitions of certain terms used in connection with expense accounts. — 
 Except where some other meaning is clearly specified in the definitions of the 
 accounts, the following words, wherever used herevmder, liave the meanings 
 below stated: 
 
 Cost means cash or money cost, and not price based on a term of credit. 
 
 Labor means human services of whatever character. 
 
 Cost of labor includes wages, salaries, and fees paid to persons for their 
 services. 
 
 Cost of materials and supplies includes all specifically assignable transporta- 
 tion charges incurred in obtaining the delivery of such materials and sup- 
 plies upon the premises of the purchaser, and cost of any special tests made 
 thereon prior to their acceptance; and in case the accounting person or cor- 
 poration desires, it may include a suitable proportion of store expenses (when 
 the materials and supplies are passed through stores) and the cost of further 
 transportation to the place of consumption, and a suitable proportion of the 
 expenses of the purchasing department, in which case a corresponding credit 
 shall be made to the suitable expense account as hereinafter provided. 
 
 Cost of repairs, when made by the accounting person or corporation, includes 
 cost of labor expended and material consumed, less salvage, if any. 
 
 Note. — It Is not required that the transportation element of cost sliall be as- 
 signed with a greater degree of accuracy than to the nearest cent per unit of 
 material or supply. Where a single transportation Item covers a multitude of 
 things the portion of the expense not assigned to specific things should be charged 
 to the same account that store expenses are charged to. 
 
 16. Definitions of Electric Operating Expense accounts. — In the following 
 definitions of accounts the letters and numbers prefixed to the titles are 
 inserted solely for convenience of reference and are no part of the titles or 
 of the definitions: 
 
 GENERAL ACCOUNTS. 
 
 I. Production Expenses. 
 II. Transmission Expenses. 
 
 III. Electric Storage Expenses. 
 
 IV. Distribution Expenses. 
 V. Utilization Expenses. 
 
 VI. Commercial Expenses. 
 
 VII. General and Miscellaneous Expenses. 
 
 I. PRODUCTION EXPENSES.- 
 
 Nora. — In case the accounting corporation operates two or more separate and 
 
 distinct plants for the production of electric energy, It will be required to keep 
 
 (with the detail herein prescribed) separate accounts covering production at tb« 
 
Accounts fob Electkical Coepokations 35 
 
 several plants. Charges to these and other operating expense accoiints most be 
 made in such detail as to permit their analysis in accordance with the prescribed 
 heads in all cases except the labor accounts. 
 
 E501. Statiox Scperixtexdexce axd Labor. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Statiox Superixtexdexce axd Cabe: This head includes salaries and per- 
 sonal expenses of superintendents and assistants, chemists, clerks, janitors, 
 watchmen, elevatormen, and also that portion of the salaries and expenses 
 of the engineering staff assignable to the generating plant. 
 
 BoiLEB Labor: This head includes the cost of labor in boiler room and 
 elsewhere in and about the premises having to do with making steam, in- 
 cluding such labor as that of fire room engineers and assistants, water tend- 
 ers., firemen, coal handlers, ash handlers, boiler cleaners, and feed-pump men. 
 
 PhODUCER Labor: This head includes the cost of all labor in and about 
 the premises having to do with the production of power gas. 
 
 ExGiXE L^BOB: This head includes the cost of labor on prime movers of 
 all kinds, including such labor as that of chief engineers and assistants, 
 engineers, oilers, wipers, and machinists. 
 
 Eij:ctbic Labor: This head includes the cost of all labor in connection 
 with the electric generating apparatus and devices, beginning with the gen- 
 erators direct connected or belted to the prime movers, and including the 
 switchboard, feeder terminal board, and to where the electric current leaves 
 thj station for the transmission or distribution system, including such labor 
 as that of system operators or load dispatchers; foreman over regulators, 
 regulators, and assistants; switchboard men, brushmen, wipers, and wiremen. 
 
 E502. Fuel fob Power. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Fuel fob Steam : This head includes the cost of fuel, whether coal or oil, 
 used under the boilers for electric generation, at the cost delivered in the 
 bunkers or tanks: also any special expen.se incurred in disposing of ashes. 
 
 Flel for Producer Gas: This head includes the cost of fuel used for 
 generating producer gas. 
 
 Note. — No portion of the cost of boiler room labor shall be charged to this 
 accoant. 
 
 E503. Water for Power. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Water for Steam Power axd Gas: This head includes the cost of feed 
 water and of water for condensers; also the cost of boiler compound. Water 
 used for general station purposes is not to be included. 
 
 W.\TER ix>B Hydraulic Power: This head includes the cost of all water 
 purchased for the purpose of operating hydraulic power plants in the electric 
 department. 
 
 . E504. Lubricants fob Poweb. 
 
 Charge to this account the cost of lubricants for machinery in the gener- 
 ating station; but not oil for transformers, grease for wagons, or oil for 
 lanterns. 
 
 -E505. Phoductiox Sl-pplies a2to Station Expense. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Production Supplies: This head includes the cost of all supplies, tools, 
 etc.. used in the generating plant which are consumed in the operating pro- 
 
36 Public Service Commission, Secoxd Disteict 
 
 cess, tlie replacement of vvhicli does not constitute a repair or renewal ; also 
 the cost of repairs of such tools. This covers such matters as waste, pack- 
 ing, wipers, gauge glasses, gauge washers, manhole gaskets, handhole gaskets, 
 fire room tools, steam and air hose, belts, screws, nails, tools, dynamo 
 brushes, etc. 
 
 Station Expense: This head includes the general and miscellaneous ex- 
 penses in the generating plant not specifically chargeable to -other accounts, 
 including such matters as lighting, heating, and cleaning systems; fire 
 protection system; janitors' supplies; ice and water; telephone and toilet 
 services at station; and care of streets, yards^, and sidings. 
 
 E507. Repaiks of Poweb Plant Buildings. 
 
 Charge to this account the coat of repairs of buildings and structures used 
 for power station purposes; cost of repairs of fixtures therein; cost of main- 
 taining walks, driveways, and grounds connected witii such buildings; cost of 
 delivering material, including freight charges, if any; and all incidental 
 expenses connected with the maintenance of such buildings and structures. 
 
 The term " buildings and structures," in addition to embracing the build- 
 ings proper, shall be understood to include fixtures when immovable and 
 built in as a part of the structure; permanent foundations and piers; pipes 
 for gas, water, sewerage, and drainage; apparatus for heating, lighting, and 
 ventilating; freight and passenger elevators with fixtures and appurtenances; 
 platforms; appliances for protecting buildings against fires; fences, walls, 
 sidewalks, and pavements within the limits of grounds immediately adjacent 
 to such buildings. 
 
 Note. — The cost of replacement of a building or structure, when In excess of 
 $100, shall be treated through the appropriate capital account ; when less than 
 $100, It may be charged directly to this account or a sub-account hereunder. 
 
 E508. Repairs of Fiknaces, Boili.us, and Accessories. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Repairs of Furnaces and Boilers: This head includes the cost of re- 
 pairing boilers and furnaces, including specially provided foundations and 
 settings, iron smokestacks, and such matters as brick work, bridge wall, 
 arclies, jambs, grate bars, stoker l>ars and webs, furnaces, valves, superheat- 
 ers, damper regulators, and tubes. 
 
 Repairs of Boiler App.aratis: This head includes the cost of repairing 
 feed water, coal and ash handling systems, and auxiliary apparatus in the 
 fire room ; including such matters as feed pumps, blower engines, coal con- 
 veyor, digger, troUej' and cable tower, crusher and belt links, brackets, wheels, 
 chutes and gates; ash conveyor cars, winches, motors, buckets, shaft, chain, 
 and wheels; filters, boiler compound injector and pump; heaters, primary 
 and secondarj'; economizers and water meters. 
 
 Repairs of Steam Accessories: This liead includes the cost of repairing 
 the piping system in connection with the making of steam and delivery 
 thereof to the prime movers; including such matters as water feed piping, 
 cold main, hot main, water nuction, valves, joints, jackets, ash pit drains and 
 ash pocket syphons, oil drains from engine crank pits, receiving tanks, filter 
 pumps to engine valve, steam and exhaust line systems, sewer connections, 
 and air line. 
 
Accounts fob Electeical Corporations 37 
 
 £509. Repaibs of Steam Engines. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Repairs of Reciprocatikq Engines: This head includes the cost of re- 
 pairing reciprocating steam engines used in the power plant. 
 
 Repairs of Steam Turbines: This head includes the cost of repairing 
 steam turbines used in the power plant. 
 
 Repairs of Other Steam Engine Equipment: This head includes the 
 cost of repairing apparatus auxiliary to the prime movers, including such 
 matters as condensers, packing tubes, renewing tubes, heads and doors, and 
 miscellaneous; and pumps, air and circulating, wet vacuum, dry vacuum, and 
 oil systems, but excluding the power conveying apparatus. 
 
 E510. Repairs of Hydraulic Power Plant. 
 Charge to this account all matters provided for under the following heads: 
 Repairs of Dams, Canals, and Pipe Lines: This head includes the cost 
 of repairing hydraulic structures. Such structures include dams, embank- 
 ments, etc., for impounding water, and all appurtenant gates, valves, weirs, 
 wasteways, canals, conduits and other channels (including riprap, lining walls, 
 etc.), pipe lines, aqueducts, and supporting trestles, etc., forebays and ap- 
 purtenant sieves and grids, wasteways, etc., and all viaducts, bridges, foot- 
 bridges, etc., over and accessory to or necessitated by such canals, aqueducts, 
 and pipe lines; also the wasteways conducting water from the outlet of the 
 draft-tube to the point of final discharge. 
 
 Repairs of Turbines and Water-wheels : This head includes the cost of 
 repairing wheel-gates, turbines, and other hydraulic apparatus from the inlet 
 valve to and including the wheel governor and to the outlet of the draft-tube. 
 E511. Repairs of Gas Power Equipment. 
 Charge to this account all matters provided for under the following heads: 
 Repairs of Gas Producers and Accessories: This head includes the cost 
 of repairing apparatus devoted to the generation of producer gas to be 
 consumed in gas engines in the electric generating station; also the cost of 
 repairing gas conductor and exhaust pipes and other auxiliary gas power ap- 
 paratus. This covers producers, economizers, regenerators, vaporizers, steam 
 injectors, scrubbers, exhauster outfits, seals, specially provided boilers and 
 pumps, flues and piping, blower engines, holders, etc. Power conveying ap- 
 paratus is not included herein. 
 
 Repairs of Gas Engi>t:s: This head includes the cost of repairing gas 
 engines devoted to the production of electric energy, including inlet valves, 
 governors, and ignition and starting apparatus. 
 
 E512. Repairs of Power Plant Electric Equipment. 
 Charge to this account all matters provided for under the following heads: 
 Repairs of Electric Generators: This head includes the cost of repair- 
 ing dynamos, alternators, and other electric generating apparatus driven by 
 steam, water, or gas power; and rotaries and motor generating sets, exciters, 
 etc., when not installed in connection with transmission system. 
 
 Repairs of Accessory Electric Equipjient: This head includes the cost 
 of repairing the electric generating apparatus not includible in the foregoing 
 account. This covers bus-bars, regulators, station cables, station switchboards 
 and equipment, such as circuit-breakers, switches, ammeters, voltmeters, watt- 
 meters, etc. (and their specially provided foundations and settings), and the 
 
38 iPuBLic Service Commission, Second District 
 
 station terminal board ; also head-gate motors, pump motors, air compressor 
 motors, etc., and special high-tension transmission equipment at power sta- 
 tions, such as high-tension bus-bars, high-tension switchboards, high-tension 
 switches, high-tension current transformers, high-tension lightning arresters, 
 high-tension potential transformers, high-tension reactive coils, high-tension 
 choke coils, high-tension grounding devices and resistances, high-tension rais- 
 ing and lowering transformers, etc., but not wiring for lighting the station. 
 
 E513. MiscEixANEOUS Station Repairs. 
 Charge to this account all matters provided for under the following heads: 
 Repairs of Station Tools and Implements: This head includes the cost 
 of repairing station tools and implements that have been capitalized (except 
 firo tools, elsewhere provided for). Among the principal items in this ac- 
 count are blacksmiths', machinists', and pipe fitters' tools, pump room tools, 
 engine tools, and cutting tools. 
 
 Repairs of Miscellaneous Station Equipment: This head includes the 
 cost of repairing station apparatus not includible in the foregoing repair 
 accounts, particularly the power transmission equipment, such as shafting, 
 belting, and clutches; motors, hoists, and cranes, etc. 
 
 E514. Steam from Other Sources. 
 
 Charge to this account the cost of all purchased or jointly produced steam 
 consumed in the power plant of the electric department. 
 
 Note. — In case such steam is jointly produced, i. e., produced by another person 
 or corporation under a joint arrangement for sharing the cost of production in pro- 
 portion to the benefits to the several participants, the charge to this account may 
 include a proportion to cover depreciation of plant employed as well as the propor- 
 tion of direct expense, but it must not include any allowance or return upon the 
 cost or value of the plant. Such allowance or return upon property must be 
 charged to account No. 922f, " Other Rent Deductions ". (See page 53.) 
 
 E5J5. Power Ga^ from Other Sources. 
 
 Charge to this account the cost of all gas consumed in the gas power plants 
 of electric generating stations, but not produced in the electric department; 
 this includes the cost of gas produced for the corporation by another corpo- 
 ration under any joint arrangement for the sharing of expense (upon the 
 basis of the relative amounts of benefit to the several participants), in- 
 clusive of provision in such expense for depreciation of plant, but exclusive 
 of allowance for profit or return upon the value of property used in such 
 production. 
 
 E516. Electric Energy from Other Sources. 
 
 Charge to this account the cost, at the point of delivery to the corporation, 
 of all electric energy purchased or produced for the corporation by another 
 corporation under any joint arrangement for the sharing of expense (upon the 
 basis of the relative amounts of benefit to the several participants), inclusive 
 of provision in such expense for depreciation of plant, but exclusive of allow- 
 ance for profit or return upon the value of property used in such production. 
 
 n. TRANSMISSION EXPENSES. 
 E521a. Transmission Subway Rent. 
 Charge to this account the rents payable accruing for ducts leased from 
 •ther corporations or from a municipal corporation. 
 
 Note. — In case the rented subway is used for distribution as well as for trans- 
 mlBSion, the rent should be apportioned between this account and account No. E521b, 
 " Distribution Subway R«nt ". 
 
AccoL'XTs ¥OB, Electeical Cokporatioxs 39 
 
 E522a. Tbaxsmissiox Pole axd Fixture Repaibs. 
 
 Charge to this account the cost of repairing and renewing poles, cross-arma, 
 and insulator pins; braces, brackets, and other pole fixtures; guys and other 
 supports for holding the poles, towers, and other structures in position; also 
 repairs of towers and other structures maintained primarily for supporting 
 the overhead transmission system. 
 
 This account does not include insulators. 
 
 Note A. — The cost of repairing and renewing poles and fixtures which carry both 
 transmission and distribution condactors should be apportioned between this ae- 
 connt and accoont Xo. &>22b. " Distribution Pole and Fixture Repairs ". 
 
 Note B. — The cost of replacement of towers and otber stmctures maintained 
 primarily for supporting the overhead electric construction shall, when the In- 
 dividaal costs of the same equal or exceed $100, be treated through the appropriate 
 capital accounts. When the individual cost is less than $100, the replacement may 
 be charged directly to this account. 
 
 £523a. Tbaxsmissiox UxDEBGBOxr;n) Cosdcit Kepaibs. 
 
 Charge to this account the cost of patrolling and inspecting as well as 
 repairing transmission underground conduits, including renewing ducts and 
 pipes, enlarging and repairing manholes, re-paving streets over such structures, 
 etc This account does not include any repairs of conductors or of the in- 
 solation there<rf. 
 
 Note. — The cost of maintaining underground conduits which carry both trans- 
 mission and distribution conductors should be apportioned between this account 
 and account Xo. E323b, " Distribution Underground Conduit Repairs *'. 
 
 Eo24. Tbaxsmissiox System Repairs. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Overhead Transmission System Repairs: This head includes the cost 
 of repairing and maintaining overhead trunk lines between generating and 
 sub-stations, including patrolling and testing, and all repairs. 
 
 UXDEBGBOUXD TRANSMISSION SYSTEM REPAIRS: This head includes the 
 cost of inspecting and repairing underground transmission cables. 
 
 Note A. — This account does not Include the cost of repairing poles and fixtures, 
 for which see account Xo. E522a. " Transmission Pole and Fixture Repairs ". 
 
 Note B. — VThen the electric current generated (or received from another corpo- 
 ration) is conducted, either at the voltage of generation (or receipt) or at a 
 higher voltage, to a point where it Is (a) lowered In voltage by means of step- 
 down transformers, or changed as to kind or frequency by means of (b> motor 
 generator sets, (c) rotary converters, or (d) frequency changers, that portion of 
 the outside line or conductor system antecedent to the said stepdown trans- 
 formers, motor generator ~ sets, rotary converters, or frequency changers, shall 
 be classed as the Transmission System ; ertxpt. however, that primary wiring In 
 lighting systems at not to exceed 4,400 volts, 4-wIre, 3-phase. shall be classed as 
 a part of the Distribution System. Tie-lines between generating stations and 
 sub-stations shall follow the same rule. Line transformers are not Included 
 among the " stepdown transformers " above mentioned. 
 
 E525. Sub-station Labor. 
 Charge to this account the cost of all labor employed in superintending and 
 operating sub-stations, including not only that of regulators, brushmen, and 
 others engaged in operating the electric apparatus, but also that of clerks, 
 janitors, watchmen, etc. 
 
 E526. Sc^-STATioir Supplies and Expenses. 
 Charge to this account the cost of supplies consumed and expenses incurred 
 in connection with the operation of sub-stations, such as telephone rents, light, 
 hea^ etc 
 
40 Public Service Commission, Second District 
 
 E527. Repaibs of Sub-station Botldings. 
 Charge to this account the cost of repairing sub-station buildings and per- 
 manent fixtures therein, including grounds and adjacent streets, vaults, sheds, 
 pits, sidewalks, etc. 
 
 E528. Repairs of SuB-STATiosf Equipment. 
 Charge to this account the cost of repairing apparatus in sub-stations, in- 
 cluding sub-station cables, switchboards and instruments, station terminal 
 board, etc. 
 
 Note. — This account should not Include the cost of repairing any storage battery 
 equipment, for which see account No. E529, " Electric Storage Expenses," under the head 
 of "Repairs of Storage Battery Accessories ". 
 
 III. ELECTRIC STORAGE EXPENSES. 
 
 E529. Electeic Storage Expenses. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Storage Battf.by Labor: This head includes the salaries and personal ex- 
 penses of superintendent, clerks, and batterymen, including inspectors and 
 testers. 
 
 Storage Battery Supplies: This head int-ludes the- cost of acid and dis- 
 tilled water in cells, soda, sponges, brooms, mops, waste, rags, hydrometers, 
 thermometers, automatic cell fillers, rubber hose, gloves, shoes, paint, etc., 
 and brushes for boosters and compensators. 
 
 Storage Battery Renewals: This head includes the cost of renewing 
 worn-out cells, including diaphragms, negative and positive plates, lead in 
 strip, spelter, pails, candles, dry boards, tank bands, sheet lead, glass plates, 
 glass covers, hydrogen generators, jumpers, clamps, lampblack, etc. 
 
 Repairs of Storage Battery Accessories: This head includes the cost of 
 repairing tanks, battery room flooi*, switches, regulating apparatus, boosters, 
 and compensators. 
 
 IV. DISTRIBUTION EXPENSES. 
 E531. Electric Distribution Superintendence. 
 
 Charge to this account the salaries and personal expenses of superintendents 
 and clerks, and also that portion of the salaries of the engineering staff 
 of the company which is assignable to distribution. 
 
 E532. Electric Distribution Records and Office Expense. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Electric Distribution Maps and Records: This head includes the cost 
 of maps and records of overhead and underground lines, including salaries 
 and personal expenses of mappers and draftsmen, cost of drawing material, 
 etc. 
 
 Electric Distribution Office Expense: This head includes the cost of 
 all other supplies and expenses of the office of the superintendent of the 
 distribution department. 
 
 E533. Setting and Removing Meters and Transformers. 
 
 Charge to this account the cost of all supplies consumed and all expenses 
 incurred in connection with the operation of service transformers and coo- 
 flumers' meters. This includes such matters as setting and removing such 
 transformers and meters, connecting and disconnecting services, and the like. 
 
Accounts fok Electrical Corporations 41 
 
 Note. — In case It is the policy of the accounting corporation to charge the cost 
 of the first setting of consumers' meters to capital, such charge should be made to 
 account Xo. E167b, " Electric Meter Installation ". 
 
 E521b. DiSTBiBUTiox Subway Re:?t. 
 
 Charge to this account the rents payable accruing for underground con- 
 duits used for distribution conductors. 
 
 Note. — In case the rented subway is used for transmission as well as for dis- 
 tribution, the rent should be apportioned between this account and account No. 
 E521a, " Transmission Subway Rent ". 
 
 E522b. DiSTBiBXjTiox Pole axd Fixtdbe Repaibs. 
 
 Charge to this account the cost of repairing and renewing poles, cross- 
 arms, and insulator pins; braces, brackets, and other pole fixtures; guys and 
 other supports for holding the poles, towers, and other structures in position; 
 also repairs of towers and other structures maintained primarily for support- 
 ing the OTcrhead distribution system. 
 
 This account does not include insulators. 
 
 Note A. — The cost of repairing poles and fixtures that carry both transmission 
 and distribution conductors should be apportioned between this account and account 
 No. E522a, " Transmission Pole and Fixture Repairs ". 
 
 Note B. — The cost of replacement of towers and other structures maintained 
 primarily for supporting^ the orerhead electric construction shall, when the Indi- 
 vidual costs of the same equal or exceed $100, be treated through the appropriate 
 capital accounts. VTben the Individual cost is less than $100, the replacement 
 may be charged directly to this account. 
 
 E523b. DisTBiBtmoN UM)EBGBOujn) Conduit Repaibs. 
 
 Charge to this account the cost of maintaining subways and underground 
 conduits, including repairs of the tube, of manholes, of paving over such 
 subways and of all ducts and conduits, but not any repairs of conductors or 
 of the insulation thereof. 
 
 Note. — The cost of maintaining (including patrolling and Inspecting) under- 
 ground conduits and subways which carry both transmission and distribution con- 
 ductors should be apportioned between this account and account No. E523a, " Trans- - 
 mission Underground Conduit Repairs ". 
 
 E534. DiSTMBUTiox System Repaibs. 
 
 Charge to this account all matters provided for imder the following heads: 
 
 OvEBHE.\D DiSTBiBUTiON SYSTEM Repaibs : This head includes the cost of 
 patrolling, testing, and repairing the overhead conductors in the distribution 
 system. 
 
 Edison Tube System Repaibs : This head includes the cost of inspecting, 
 testing, and repairing the Edison tube system, including junction boxes, 
 tubing and conductors, coupling boxes, etc. 
 
 Otueb Usdebgbouxd DISTBIBUTIOX System Repaibs: This head includes 
 the salaries and expenses of patrolmen, testers, etc., as well as the cost of 
 repairing damaged subway distribution conductors. 
 
 E535a. Repaibs of Electbic Sebvices. 
 Charge to this account the cost of repairing underground and overhead 
 services leading from the mains to the consumers' premises. 
 E535b. Repaibs of Tbaxsfobmebs. 
 Charge to this account the cost of labor and material consumed in main- 
 taining transformers, including renewing oil, re-painting, re-winding, removal 
 and replacing; also repairs of such switches and cut-outs as are the property 
 of the corporation on consumers' premises. 
 
42 Public Service Commission, Second District 
 
 E536. Klectkic Metkr Operation' and Repairs. 
 Charge to this account all matters ])rovi(lecl' for under the following heads: 
 Electric ;Meter Operation : This head includes the salaries and expenses 
 of superintendents and clerks in the meter bureau, and also that portion of 
 the salaries of the engineering staff of the corporation assignable to this 
 account; also the cost of light, heat, ice, water, and other supplies and ex- 
 penses in connection with the naeter-testing bureau ; and the cost of testing 
 meters on consumers' premises or in meter shops. 
 
 Electric Meter Repairs: This head includes the cost of repairing meters 
 in the distribution service, including new i>arts, new jewels, cleaning, and 
 painting. 
 
 V. UTILIZATION EXPENSES. 
 
 541. Commercial Arc Operation. 
 Charge to this account all matters provided for under the following heads: 
 Commekcial Arc Labor: This head includes the cost of labor employed 
 
 in trimming and inspecting arc lamps on private consumers' premises and 
 
 in niunicipal buildings. 
 
 Commercial Arc Supplies: This head includes the cost of all supplies 
 
 (such as carbons, globes, etc.) for arc lamps on private consumers' premises 
 
 and in municipal buildings. 
 
 542. Commercial Arc Repairs. 
 Charge to this account the cost of keeping in repair private consumers' arc 
 lamps and those in municipal buildings; including such matters as setting 
 and removing lamps, repairing parts, changing for repairs and adjustment, 
 and testing during adjustment and after repairs. 
 
 543. Commercial Incandescent Operation. 
 Charge to this account all matters provided for under the following heads: 
 Commercial Incandescent Installation: This head includes the cost of 
 the first installation of incandescent lamps on consumers' premises (includ- 
 ing cartage and delivery exjjenses) unless consumer is charged for the first 
 installation, or unless it is proper to charge such first installation to capital. 
 (See account No. EJ73, "Glower Lamps," page 16.) 
 
 Commercial Incandescent Rene\vals: This head includes the cost of 
 renewing incandescent lamps on consumers' premises (including cartage and 
 delivei-y expense) and cost of photometering incandescent lamps. Credit to 
 this account under this head any rebate received for the return of stubs, or 
 allowances relating thereto. 
 
 544. Consumers' Instaixation Expenses. 
 Charge to this account all matters provided for under the following heads: 
 Inspection of Consumers' Premises: This head includes the cost of in- 
 spection of consumers' premises, including such matters as the charge for 
 municipal certificates, charge for Board of Fire Underwriters' Inspection, 
 certificates, and that portion of the salaries and expenses of the engineering 
 staflf or of other departments than the distribution department engaged in 
 technical work properly assignable to this account. 
 
 Repairs of Consumi-his' Installations: This head includes the cost of 
 all labor and material furnished to consumers for inside work without special 
 charge, including such matters as attention to complaints or to improving 
 
Accounts fob Electrical Cokporatioxs 43 
 
 the character of service, r?placing or repairing wiring fixtures or electric 
 appliances, moving appliances Irom place to place in houses and re-connect- 
 ing the san:e, etc. 
 
 545. Municipal Street Arc Operation. 
 Charge to this account all matters provided for under the following heads: 
 MrxiciPAL Street Arc Labor: This head includes the cost of labor em- 
 ployed in trimming and inspecting the arc lamps of the municipal street 
 lighting system. 
 
 ilcMCiPAL Street Arc Supplies: This head includes the cost of carbons, 
 globes, etc., for the arc lamps of the municipal street lighting system. 
 
 546. Municipal Street Arc Repairs. 
 Charge to this account the cost of changing location of lamp posts, chang- 
 ing lamps for repairs and adjustments, renewals, repairs of mast arms, 
 hangers, poles, ropes, etc., and painting poles; also that portion of the arc 
 lamp shop expense assignable thereto. 
 
 547. Municipal Street Incandescent Operation. 
 Charge to this account all matters provided for under the following heads: 
 Municipal Street Incandescent Installation: This head includes the 
 cost of the first installation of incandescent lamps in the municipal street 
 lighting system, unless it is paid by the municipal corporation, or the lamps 
 are of such character that it is proper to charge to capital. (See account 
 No. E173, "'Glower Lamps."' page 16.) 
 
 Municipal Street Incandescent Renewals: This bead includes the cost 
 of renewing incandescent lamps in the municipal street lighting system. 
 
 548. Municipal Streett Incandescent Repairs. 
 
 Charge to this account the cost of repairing municipal incandescent street 
 lamps and fixtures. 
 
 Note. — This does not Include Items chargeable to maintenance of poles and 
 their fixtures, or of subways, or conductors. 
 
 VI. COMMERCIAL EXPENSES. 
 E551. Commercial Administration — Electric. 
 Charge to this account the matters prescribed under the following heads: 
 
 a. Commercial Department Indexing: This covers the cost of indexing 
 meters, including indexers' lamps. 
 
 b. Commercial Department Collecting : This covers the expense of the col- 
 lection bureau, including collectors' salaries or commissions, badges, car 
 fares, and delivering bills. 
 
 c. Commercial Department Contracts: This covers such part of the cost 
 of the contract department as is not assignable to the Promotion Office, in- 
 cluding attention to bill questions. 
 
 d. Commercial Department Accounting : This covers the cost of keeping 
 the accounts of consumers, being a proportion of the salaries and expenses 
 of general officer and assistants in charge of the commercial department, 
 and salaries of bookkeepers and all clerks in the accounting department 
 having to do with consumers' accounts. 
 
 €. Commercial Department Miscellaneous: This covers all expenses in- 
 curred in selling electric power and products, in determining the amount 
 of su<ih sales, in making collections, and in keeping account of such sales 
 
44 Public Service Commission, Second District 
 
 and collections aa are not includible in the accounts of the indexing, account- 
 ing, collection, and contract divisions, or in the following accounts for pro- 
 motion expenses. 
 
 EC552. Pbomotion Expenses — Eiectbic. 
 Charge to this account all matters provided for under the following heads: 
 Promotion Office Expense — Electric: This head covers — 
 
 a. Promotion Management : The cost of administration of the department 
 maintained for tha promotion or development of electric consumption, in- 
 cluding that portion of the salaries and expenses of management and clerks 
 ill agency and contract departments assignable to new business. 
 
 b. Demonstrations : The cost of labor expanded and expenses incurred in 
 demonstrating the use of electric lamps and appliances for the purpose of 
 obtaining new business. 
 
 c. Other Promotion Office Expense: The office expenses of the promotion or 
 new business department. 
 
 Advertising — Electric: This head covers — 
 
 a. Advertising Salaries and Expenses: The salaries and personal expenses 
 of the advertising manager and clerks. 
 
 b. Advertising Sundries: The cost of commercial advertising sundries, in- 
 cluding booklets, dodgers, newspaper advertisements, posters, bulletins, and 
 all related items. 
 
 Canvassing and Soliciting — Electric: This head includes all expenses 
 incurred in soliciting new business, including wages, commissions, and per- 
 sonal expenses of canvassers, cost of preparing estimates, engineering advice 
 on wiring, etc., and office sundries in connection therewith. 
 
 Promotion Wiring and Devices : This head covers — 
 
 a. Promotion Wiring: The cost of wiring in consumers' premises furnished 
 without special charge in order to induce new business. 
 
 b. Promotion Signs and Devices: The cost of electric signs and other 
 devices (including delivery and connection charges, and expenses in con- 
 nection therewith) supplied to consumers without special charge in order to 
 -develop new business. 
 
 VII. GENERAL MISCELLANEOUS EXPENSES. 
 E832. General Officers and General Office Clerks. 
 
 Charge to this account all matters provided for under the following heads: 
 
 Salaries and Expenses of General Officers: This head includes the 
 salaries and traveling and incidental expenses of the chairman of the board, 
 president, vice-president, treasurer, secretary, comptroller, general auditor, 
 general manager, assistant general manager, chief engineer, general superin- 
 tendent, purchasing agent, and all other officers whose jurisdiction extends 
 to the entire system and wliosc services can not be satisfactorily allocated 
 to the several departments; also fees, salaries, and expenses of receivers. 
 
 Salaries and Expenses of General Office Clerks: This head includes 
 the salaries and traveling and incidental expenses of general office auditors, 
 bookkeepers, cashiers, paymasters, stenographers, clerks employed in counting 
 cash, and all other clerks employed in the general office. 
 
 Note. — CoBt of labor pf clerks In the commercial department shall be charged 
 to account No. E551, "Commercial Administration — Electric". (See page 43.) 
 E835. General Office Supplies and Expenses. 
 
 Charge to this account the cost of office supplies, repairs of office furniture, 
 and renewals of sueh furniture as has not been capitalized; wages of jani- 
 
AccouHTS poB Electkical Cobpoeatioss 45 
 
 tors, porters, and messengers; rent of rooms in office buildings, repairs of 
 snch rented rooms, and all other miscellaneous expenses of general offices. 
 OflSce expenses of departmental officers must be charged to the proper depart- 
 mental accounts. 
 
 Note. — Bents charged to this account will be required to be reported separately. 
 E336. General Law Expenses. 
 - Charge to this account all law expenses except those incurred in the de- 
 fense and settlement of damage claims. This includes salaries and expenses 
 of all counsel, solicitors, and attorneys, their clerks and attendants, and 
 expenses of their offices; cost of law books, printing briefs, legal forms, 
 testimony, reports, etc.; fees and retainers for services of attorneys not r^u- 
 lar employees; court costs and payments of .special, notarial, and witness 
 fees not provided for elsewhere; expenses connected with taking depositions, 
 and all law and court expenses not provided for elsewhere. 
 
 Note. — The compensation of the general solicitor or counsel or other attorneys 
 engaged partly in the defense or settlemoit of damage suits and partly In oth^ 
 legal work, should be properly apportioned between this accoont and account 
 No. ES47b, " Law Expenses Connected with Damages ". 
 
 ES37. MiscEiXAyeous Gexebal Expexses. 
 
 Charge to this account the cost of telephone service, telegrams, and other 
 miscellaneous expenses (including all expense specially incurred in connection 
 with the utilization and sale of byproducts, such as battery and other cbem- 
 ieal waste, etc) connected with the general management not otherwise pro- 
 Tided for. 
 
 E83S. IxsxntAscac 
 
 Charge to this account premiums paid to insurance companies for fire, 
 fidelity, boiler, casualty, burglar, and all other insurance; also amounts set 
 aside as an insurance reserve. 
 
 Note. — In their reports to the Public Service Commission corporations will be re- 
 quired to report the charges made to this account for the various kinds of Insur- 
 ance, and for self-insurance. 
 
 E839. Relief Depabtmext axd Pexsioxs. 
 
 Change to this account all matters provided for under the following heads: 
 
 Relief Depabtmest Expenses: This head includes all salaries and ex- 
 penses incurred in connection with conducting a relief department; also con- 
 tributions made to such department. 
 
 Peksioxs: This iiead includes all pensions paid to retired employees, and 
 expenses in connection therewith. 
 
 E340. Electkic Fraxchise Reqctremkxts. 
 
 Charge to this account the cost of all energy and materials and supplies 
 furnished to municipal corporations in compliance with franchise require- 
 ments and for which no payment is received by the corporation; also of all 
 direct expense, such as paving and other like matters, incurred in compliance 
 with such requirements and for which no reimbursement is received by the 
 corporation. Amounts charged to this account for which there is no direct 
 money outlay shall be credited to the below provided account. No. ES53, 
 "Duplicate Electric Charges — Cr." (See page 48.) 
 
 E842. Gexeral Amobtiz.^tiox — Electbic. 
 
 Charge to this account month by month the amount estimated to be neces- 
 sary to eover such wear and tear and obsolescence and inadequacy as have 
 
-46 Public Service Commission, Second District 
 
 accrued during the month in the tangible electric capital of the corporation, 
 such portion of the life of intangible fixed capital as has expired or been 
 consumed during the month, and the amount estimated to be necessary to 
 provide a reserve to cover the cost of property destroyed by extraordinary 
 casualties; less the amounts charged for that month to the various repair 
 accounts in Electric Operating Expenses. The amount charged (or credited) 
 to this account shall be concurrently credited (or charged) to the reserve 
 account No. 374, "Accrued Amortization of Capital", (See page 27.) 
 
 Note A. — Until otherwise ordered, the " amount estimated to be necessary to 
 cover such wear and tear and obsolescence and Inadequacy as have accrued dur- 
 ing " any month shall be based on a rule determined by the accounting corporation. 
 Such rule may be derived from a consideration of the said corporation's history 
 and experience during the preceding five years, and the accrual may be on the 
 basis of kilowatt-hours sold. Amortization of Intangible capital shall likewise be 
 based on rule. Whatever may be Its basis, such rules and a sworn statement of 
 the facts and expert opinions and estimates upon which they are based shall be 
 filed with the Public Service Commission on or before January 1, 1909; each 
 amendment of any such rule and a sworn statement of the facts and expert opinions 
 and estimates upon which such amendment is based shall be filed with the Public 
 Service Commission before it is used by the accounting corporation, and shall show 
 the date when It Is to be effective. Such rules and statements shall be filed upon 
 sheets 9% Inches by 12 inches and shall be entitled " Rule of the (here naming 
 the accounting corporation) concerning Amortization of Capital ". 
 
 Note B. — When any capital Is retired from service, the amount (estimated if 
 not known) originally charged to a capital account in respect thereof shall be 
 credited to such capital account, and (except as provided in account No. ElOO, 
 " Fixed Capital, December 31, 1908,") the original money cost of such capital, less 
 salvage, if any, shall be charged to the reserve account, "Accrued Amortization of 
 Capital," any necessary adjusting entry being made in the proper account under 
 " Corporate Surplus or Deficit ". Where capital Is substantially continuous and 
 can not be satisfactorily individualized, it shall be kept In eflSclent operating con- 
 dition through repair, and the renewals and replacements of parts thereof shall be 
 considered repairs. In the case of buildings, towers, bridges, trestles, and other 
 separate structures capable of being readily individualized, charges to this account 
 must be suflBcient to provide (in respect of such capital and except as provided In 
 account No. ElOO, " Fixed Capital, December 31, 1908,") In the account "Accrued 
 Amortization of Capital " by the time such structures go out of service a reserve 
 equal to the original money cost thereof, less salvage, to which account such 
 original cost, less salvage, shall be charged. 
 
 E845. Electric Expenses Transferred — Cr. 
 
 Credit to this account the proportion of operating expenses (including 
 depreciation and other amortization as well as repairs) chargeable to other 
 ooSrdinate departments (such as gas or street railroad) within the same 
 corporation, but defrayed in the first instance by the electric department. 
 
 NoTK. — Do not credit to this account any allowance In the nature of rent or 
 return upon the cost or value of property. 
 
 ES4G. Joint Operating Expense — Cr. 
 
 When any plant or equipment is maintained or operated by the accounting 
 corporation for the joint benefit of itself and others under an arrangement 
 for apportioning (on the basis of the relative amounts of benefit to the 
 several participants) the operating expenses, the portion of such expenses 
 chargeable to others under the arrangement shall be credited to this account. 
 The portion so credited must not include any allowance for profit or return 
 upon the value of such proiperly. 
 
 Note A. — The foregoing should be read in connection with the definition of 
 revenue account No. 425, "Joint Electric Rent Revenue". (See page 33.) 
 
Accounts tu& Euectkicai. Corporations 47 
 
 Rms B. — la the cmse of Oe pmdBcttaB «( power part of wlikk Is »— — #^ .f^ 
 to UMtker. if tbe uiwmmgBmemt aBder vUck aaek pgodttioM oeems doe* aot p ro TMe 
 for the apportkwaeat at exptaai*, the cattic mmtammt chained for the portioB ap- 
 plied is to be ocAted to the mtfmttdatt rereaae Mcoaat e uie il a g the aalo of 
 power. (See accoots Xoa. 404, 497. 409. 41«. and 411. page 32.) 
 
 ES47a. AcciDEXis a31> Davacbs. 
 Ghaige to th» aceoofc all exptwsa {otker than lav mrpfmrnn pnmded for 
 im tibe niiffccdin^, aceomt) en aeeomt of peraoss kiDed or injincd and 
 fropatj dmmMged in eomMctkn with the <iperatiaB of the plaBt, as enmer- 
 ated onda- the follovuig beads, which must be separatri^ ^hown in amnal 
 rspcnlB to the Pablie Service ComnussioD: 
 
 a. CImim Defurtwtent Expetue: This head inchidea aalaxica and expenses 
 of claim agenta, inrestigators, adjufata, aad others cagsged im tte iavesti- 
 gatioB of a c e jdeats and ad jnsfancnt of claims. 
 
 b. Medieml Expenses: This head inehides salaries, fees, and expoiaes ni 
 wugeuns and docton; norsipg^ ho^ital attmdance^ mrdical and saxjpcal 
 sap|dies; fees and expe&aes of c w o nas and nndertakeis; and coBtribotioBS 
 to ho^itals. 
 
 c Injuries to EmpUnfees: This bead includes amoonts paid in aetUe- 
 ■MBBt ol dains of anployees for injories arisiqg in the eomae of their em- 
 ployment; also wages paid to disabled em^ojees while off dnty. 
 
 d. Other Persomal Injuries mwl Propertjf Damu^: This head includes 
 m^'frnnim pud in Settlement of claims of persons othr than coplojccs fox- 
 personal injuries sustained in eooneetaon with the ~<qiamtkm of the ^ant; 
 also amounts p«ud in settlement of claims for damage to pxt^erty not owned 
 by the accounting corpovatioa. 
 
 e. Other Accident Erpenses. 
 
 Xoia. — U It is desired that the chaise to opaaUBK fTpcaw^ on account of in- 
 Jarieo and di»mi Aall he npam some arhitiarjr taxis, the asMiaat so cfeareed shaD 
 be u e dited to ac e uaat Nol 381. ** Cssaalties and lasBianee Bcame. " and the aetaal 
 dliiiai SI III! Bts abore canainstcd Aall be ^aiged sgafasf sach icaure aceooat. 
 
 E:S47b. Law Ejlpesims Cosxected with Damages. 
 
 Charge to this account all law expenses in eoBneetkm with the defense or 
 settlement of damage claims, inrlndii^ — 
 
 a. Smimries and Expenses of Attomejfs: A proper proportion of the 
 salary aad expenses of the gmeral solicitor or counsel, and salaries, fees, and 
 expenses <rf attomcTs engaged in tliis wmt:. 
 
 h. Court Costs and Erpenses: Fees of court steaograidiers, expesses eon- 
 neeted with takn^ dqioeitioBs, and other tonrt expenses. 
 
 c Lose Printing: Cost <rf law books, and cost of printing briefs, court 
 recor ds , and similar papers. 
 
 NOTK A. — In their aaaoal le p o ils to tlie PnbUe Serrfce CoaaisslOB. corpoiatiaas 
 wflll be rrqidred to clsssif}- to this aceooat oadcr the three heads •«>. (C> aad 
 (c). abore grrca. 
 
 Hon B. — The cQc^ensatioa of the general solicitor or eoaasei aad other attor- 
 neya engaged partly ia tbe defease or aettlemeat of Hummel suits and partly ta 
 other legal wotk riioald be piup c tlj importlo aed bet aee a this aceooat and account 
 Ksu KSSS,' ** Gcaeial Law BxpcasBS". 
 
 SOCB Cl If it is desired tint tte charge to opeiatiag ttptasfi oa aceoaat of 
 law I ipi urn II in coaaectioa with dsmages Aall be npoa soaw arfetttaiy basia, the 
 ■t so charged shaH be ciedl ted to aceoaat Xol 381. " Cssaalties and Inananee 
 aad the actual d liliaisem eats abore caamcrated shall be charged sgsiaar 
 ■t. 
 
48 Public Seevice Commission, Second District 
 
 E848. Gknebal Stationery and Feinting. 
 
 Charge to this account all expenses for stationery and printing, stationery 
 supplies, and postage, except as hereinafter provided: 
 
 The cost of printing briefs and other legal papers shall be charged to 
 account No. E836, " General Law Expenses," or No. E847b, " Law Expenses 
 Connected with Damages," in accordance with the purpose of the printing. 
 
 The cost of printing signs, posters, and other advertising matter shall be 
 charged to account No. EC552, " Promotion Expenses — Electric," under the 
 head of " Advertising ". 
 
 The cost of such mechanical calculators, typewriters, duplicating machines, 
 and other office appliances as are not properly capitalized, shall, if for use in 
 general offices, be charged to account No. E835, " General Office Supplies and 
 Expenses " ; or if for the use of departmental offices, to the proper depart- 
 mental accounts. 
 
 EC850. Stobe and Stable Expenses. 
 
 Change to this account all matters provided for under the following heads: 
 
 Store Expenses: This head includes all salaries and expenses in connec- 
 tion witli storerooms, including cost of sending material and supplies from 
 general storerooms to branch storerooms, and tlie collection of scrap material. 
 
 Stable Expenses: This head includes the cost of feed, keep, and shoeing 
 of horses, wages of stablemen, hostlers, veterinary expenses, and all other 
 expenses of stabling horses; also the cost of repairing harness and vehicles. 
 
 Note. — The cost of horses purchased to replace others should he charged to 
 account No. E122, " General Equipment ". 
 
 E852. Undistributed Adjustments — Balance. 
 
 At least once a year an inventory of materials and supplies shall be taken, 
 and the difference (in respect of any particular class of materials and sup- 
 plies) between the ledger and inventory balances debited or credited to thia 
 account in case it can not be assigned to a specific account. Credit to this 
 account all discounts recovered through the prompt payment of bills for 
 materials and supplies consumed in operation, unless such discounts are 
 applied to the particular bills. 
 
 Note. — Where materials and supplies have been used In construction as well as 
 In operation, a suitable proportion of the shortages or overages disclosed by the 
 Inventory may be debited or credited to account No. E285, " Miscellaneous Con- 
 struction Expenditures". 
 
 E853. Duplicate Electric Charges — Cb. 
 Credit to this account all charges made to any accounts in electric operating 
 expenses in respect of any electric power or other product of electric opera- 
 tions of the corporation consumed therein. 
 
 17. Expenses of Outside Operations.— The detailed expense accounts for 
 other than electric operations will be elsewhere provided for. 
 
 18. Tax accounts. — An account shall be kept of the taxes chargeable against 
 each particular class of operations, and one for those chargeable against non- 
 operating revenues. Each tax account shall be appropriately entitled (as 
 e. g., " Taxes Assignable to Electric Operations," " Taxes Assignable to Noii- 
 
AccoirsTS FOK Elkctkicai. Corpobatioss 49 
 
 opesmtiiig Berenaes," etc), and sludl be ao kept as to show separately tha 
 foUamingz 
 
 State Framekue Tax <m CapiUU Stock, 
 
 State Franekue Tax on Gross Karmngs, 
 
 Special Franchise Tax, 
 
 Taaees on Land (exclusive of improremaits). 
 
 Taxes on Improcentents on Lands, 
 
 Taxes on Personal Property, 
 
 Other Taxes (showing in detail). 
 
 To each tax account there shall be charged monthly the amount of taxes 
 accniing during the month, and such amount shall be concurrently credited 
 to the account " Taxes Aocmed " (or to the aceoont " Prepaid Taxes," if soeh 
 tax is prepaid). The amount of taxes accruing during ai^ month shall, 
 where the levy is unknown, be estimated as nearly as may be, and when tha 
 levy is ascertained the matter shall be adjusted during the remainder of the 
 tax year. For example, if at the beginning of a tax year the taxes on a 
 particular class of pr<^rty are estimated to be $600 for the year, the monthly 
 chargTe on account of such tax should be $50 until the amount of the levy 
 becomes kno\m. If during, say the fifth month, it is found that the levy 
 for the year is $640, there will already hav« been charged up four months at 
 $50 per month, leaving $440 to be ehaiged during the remainder of the year, 
 or $55 for the fifth month and each numth tha«after during the remainder of 
 the year. 
 
 Such taxes as pertain to two or more dassea of operations or to non- 
 operating revenues should be apportioned witJi regard to such operations and 
 non-operating revenues upon an equitable basis, whidi basis will be required 
 to be reported in the annual report of the corporation to ibe Public Service 
 Commission. 
 
 19. Uncollectible BiHs. — For uncollectible electric bills the following ac- 
 count is provided: 
 
 ES70. UXOOLLECTIBXE ELECTRIC BUXS. 
 
 Whoi, after a reasonably diligent effort to collect, any account stated for 
 electric energy sold baa proved impracticable of odleetioai, it shall be charged 
 to this aeeonnt and credited to the account receivable in which theretofore 
 chaxged. 
 
 ao. Definitions of If on-operating Revenue accounts. — In the following defini- 
 tions of accounts the letters and numbers prefixed to the titles are inserted 
 solely for contenienoe of referenoe and are no pari of the titles or of the 
 d^nitions: 
 
 £901a. Rett Accbxjed fboh Lk&se of EtEcrsic Plast. 
 
 Credit to this account monthly as they accrue all revenues flowing to the 
 corporation from its interests in electric plant or equipment held by others 
 nnda" some form of lease whereby it surrenders possession of such property. 
 Hiis account contemplates that the taxes on property so held are payable hjf 
 the tenant in possession and charged by him to the appropriate tax account. 
 If under the contract ot lease such taxes are payable by the lessor or its 
 assignee, such taxes shall be charged to this revenue account and not to any 
 of the lessor's tax accounts, nor to any o{ its expense accounts. 
 
50 Public Service Commission, Second District 
 
 E901d. Miscellaneous Kent Re\-em;es. 
 
 Credit to this account monthly as they accrue all miscellaneous rent reve- 
 nues flowing to the corporation as a return upon leased property other than 
 electric plant and equipment. Such revenues shall be classified as follows: 
 
 Leasehold Revenues: That is to say, all revenues flowing to the corpora- 
 tion from its interests in property held by others under any lease the entire 
 term of which is greater than one year. This contemplates that the taxes 
 on property so held are payable by the tenant in possession and charged by 
 him to the appropriate tax account. If under the contract of lease such taxes 
 are payable by the lessor or its assignee, such taxes shall be charged to this 
 revenue account and not to any of tha lessor's tax accounts, nor to any of 
 its expense accounts. 
 
 Other Rent Revenues: That is to say, all revenues flowing to the corpora- 
 tion from its interests in property held by others under any lease or contra'3t 
 for a term not to exceed one year from the beginning of the term, or held 
 at will or upon sufferance. This account contemplates that the taxes on prop- 
 erty of this character shall be paid by the landlord and charged to the ap- 
 propriate tax account. If under the contract covering the holding for terms 
 of one year or less, or at will, the taxes are to be paid by the tenant, the 
 amount of such taxes shall be credited month by month to this account aa 
 they accrue, and shall correspondingly be charged to the tax account covering 
 taxes on property of this "character. 
 
 Entries in this account mlist be made in such wise as to show separately 
 the classes above indicated, which will be required to be stated separately in 
 the annual reports to the Public Service Commission. 
 
 E902. Intebest Revenues. 
 
 Credit to this account monthly as it accrues all — 
 
 Interest from Bound Investments: That is to say, all interest accruing to 
 the corporatioi) upon such of its interest-bearing free investments (as here- 
 inbefore defined) as are liabilities of solvent concerns and individuals. 
 
 Interest from Free Investments: That is to say, all interest accruing to 
 the corporation upon such of its interest- bearing free investments (as here- 
 inbefore defined) as are liabilities of solvent concerns and individuals. 
 
 Interest from Other Sources: That is to say, all interest accruing to the 
 corporation upon its interest-bearing current assets, special deposits, and all 
 other assets not provided for under the two foregoing heads, where sucli 
 interest is a liability, actual or contingent, of solvent concerns and individuals. 
 
 Entries in this account must be made in such wise as to show separately 
 the classes above indicated, which will be required to be stated separately 
 in the annua,! reports to the Public Service Commission. 
 E903. Dividend Revenues. 
 
 Credit to this account at their cash value and as of the date when col- 
 lectible, all — 
 
 Dividends on Bound Investments: That is to say, all dividends declared 
 by solvent concerns upon stocks held by the corporation among its bound 
 investments. 
 
 Dividends on Free Investments: That is to say, all dividends declared by 
 solvent concerns upon stocks held by the corporation among its free invest- 
 ments. 
 
Accx)usTS FOB Electrical Cokporatioxs 51 
 
 Entries in this account must be made in such wise as to show separately 
 the classes above indicated, which will be required to be stated separately in 
 the #iinii«l reports to the Public Serrice Commission. 
 
 £904. Profits fbom Ofebatioxs of Others. 
 
 Whenerer, in accordance with the terms of any contract, the corporation 
 is entitled to participate in the profits resulting from the operations of others, 
 all revenues accruing to the corporation from such source shall be credited 
 to this account. 
 
 NoTCL — This account does not include any dividends on stocks. Sach dividenda 
 should be credited to account No. £^903. " Dividend Revenues ". 
 
 £905. MiSCELLAXEnUS XOX-OPEKATLSG RtVESL-ES. 
 
 To this account shall be credited all non-operating revenues accniing to tha 
 corporation and not provided for in any of the forgoing accounts. 
 
 ai. Definition of Non-operating Revenue Dednctions account. — To an ac- 
 count entitled " Xon-operating Revenue Deductions " shall be charged all mat- 
 ters provided for tinder the following stib-accounts : 
 
 a. Rext Expense: This sub-account includes all matters provided for under 
 the following two heads : 
 
 Leasehold Expense: That is to say, all expense arising in connection with 
 the procuring of revenues from leaseholds having terms greater than, one year, 
 including the cost of n^otiating contracts, advertising for tenants, fees paid 
 conveyancers, collectors commissions, cost of enforcing payment of rent, cost 
 of ousting tenants, etc., and all other expense arising in connection with such 
 leaseholds. This applies only to leases conveying the property out of the 
 jMMaeasion of the corporation, and it includes the expense accruing while the 
 property is idle and awaiting an occupant. This head includes cost of mainte- 
 nance of the property when such cost is borne by the corporation. Such 
 maintenance includes depreciation as well as reparable wear and tear, (t 
 does not include taxes. 
 
 Other Rent Expend: This head is analogous to the preceding head " Lease- 
 hold Expense," and differs from that only in that this provides for expense in 
 connection with property let for a term of one year or less. 
 
 6. Interest Expense: This sub-account includes all expense arising in 
 connection with procuring interest upon investments, such as expense of col- 
 lection, expense of investigating delay in payment, expense of enforcing pay- 
 ment, and the like. It does not include taxes on such investments. 
 
 e. Dividend Expense: This sub-account includes all expense arising in 
 connection with the collection of dividends on stocks of other corporations; 
 ^8o all expense incurred in the investigation of the affairs of the corporations 
 whose stocks are held, whether for the purpose of detecting mismanagement 
 or for the purpcse of inducing the daclaration of dividends, and all expense 
 connected with enforcing payment of dividends when declared. It does not 
 include taxes on such investments. 
 
 d. Others' Operations Expense: This sub-account includes the cost of 
 negotiating contracts whereunder the corporation is to participate in profits 
 resulting from the operations of others; also all expense of collecting the cor- 
 poration's proportion of such profits, and all expense connected with procur- 
 ing the modification or the dissolution of any such contract. 
 
52 Public Seev^ce Commission, Secoxd District 
 
 e. MiscELLANEXJUS NoN-oPERATiNG EXPENSE: This sub-account include* 
 all non-operating expense (as hereinbefore defined) which is not provided 
 for in the forgoing sub-accounts. 
 
 /. NoN-oPEBATiNG Ta}.es : This sub-account includes all taxes accruing 
 upon non-operating properly and all assignable to non-operating revenues. 
 
 g. Uncollectible Non-opekatixg Revenues: When any non-operating 
 revenues are judged by the corporation to be uncollectible, the amount thereof 
 shall be credited to the account in which theretofore charged, and charged 
 to the account " Non-operating Revenue Deductions " under the head of " Un- 
 collectible Non-operating Revenues ". 
 
 Note. — In annual reports of corporations to the Public Service Commission this 
 account will be required to be fully analyzed. 
 
 22. Income Deductions. — The sum total of the credit balances in the revenue 
 accounts for any particular operation at the close of a fiscal period gives 
 the gross revenue from that operation for that period. This gross revenue 
 diminished by the operating expenses, the taxes, arid the uncollectible bill* 
 assignable to such operation for the period, gives the income from that opera- 
 tion for the period. Similarly for the non-operating revenues, the non-operat- 
 ing expenses, and the non-operating taxes. 
 
 The aggregate of the incomes from the several operations and the non- 
 operating income is tlie gross income applicable to corporate and leased prop- 
 erties. As has before been said, the gross income is, in the usual case, subject 
 to various compulsory deductions, and these are hereinafter called Income 
 Deductions. 
 
 23. Definitions of Income Deduction accounts. — In the following definitions 
 the letters and numbers prefixed to the titles of the several accounts are 
 inserted solely for convenience of reference and are no part of the titles or 
 of the definitions: 
 
 921. Interest Deductions. 
 
 Charge to this account monthly (or as otherwise below directed) all mat- 
 ters provided for under the following five heads: 
 
 Absolute Interest Accrued on Funded Debt: This head includes all interest 
 accruing absolutely on the outstanding funded debt of the corporation. 
 
 Contingent Interest Accrued on Funded Debt: This head includes when the 
 contingency occurs all interest accruing contingently on the outstanding funded 
 debt of the corporation. This includes such matters as interest on income 
 bonds. 
 
 Interest Accrued on Receiver's Certificates: This head includes all interest 
 accruing on receiver's certificates which are liens upon the property of the 
 corporation or any part of it. 
 
 Interest Accrued on Other Unfunded Debt: This head includes all interesl 
 accruing on all unfunded debt of the corporation except receiver's certificates. 
 
 Interest Accrued on Debenture Stocks: This head includes all interest ac- 
 cruing on the outstanding debenture stocks of the corporation. 
 
 Entries in the account " Interest Deductions " must be made in such wise 
 as to show separately the classes above indicated, which will be required to 
 be stated separately in the annual reports to the Public Service Commission. 
 922a. Rent fob Lease of Other Electric Plant. 
 
 Charge to this account monthly all amounts accrued against the account- 
 ing corporation for rent of electric plant and equipment which it ImUls under 
 
ACCOHXTS FOB ElJSCTKICAI. CoSPOKATIOHS 53 
 
 ■ooae iiorm of lease from another company or eorpontion aad of vhidi it has 
 the ezdnsive poasession. TVxes acemed on sndi plant and eqnipmoit diaS 
 not he ehaiged to this aceonnt bat to the api«tipriate Taxes aceoant. If sadi 
 taxes ars (under the contract of lease) payable by the losor or TeTcraHnier, 
 they shall be credited to this aceonnt and charged to the appropriate Taxes 
 aoeoont. Such taxes, when paid by the lessw or re t eiai oner, shall be 
 dax;ged to its rent rerenne aeeount and Bot to its Taxes aeeonnt^ to tiie end 
 that taxes i^on sodi plant and e quip meat shall he reported by the eorpo- 
 ratioB IB posaeanoiL. 
 
 92S2. OiHKB Bnrr DnvdHura. 
 Chaige to this aeeoimt the nattexs prorided for in the foUowii^ sob- 
 
 f. Jonrr Fachjtt Bests: Where any plant or equipment i3 maintained 
 or opeimted by another corporation for the joint benefit of the aeoonntiBg cor- 
 poistaon and others under a joint arrangonent for sharing the txpiaae (oa 
 the basis of the relatiTe amounts of boiefit to the several paitiapaBts), if 
 ■idh joint arrangement prorides for including in the charge against the ae- 
 wwUng corpoTBtion any pure rent, profit, or return uptHt sodi piaat or 
 eqnqiment over and above depreciation and other expense <rf maintenaaee 
 and operation, such pure rent, or {nrofit, or return upon property shall be 
 eh^ged to this sub-account. 
 
 Xoxs. — TUs should be read in coniiectiaa vlth leTcnne aecmmt No. 425, "Joint 
 Beetric Bent Beronie**. (Sec pase 33.) 
 
 g. Mmscesxjlseous Rest DEOccnoTrs : This sob-aecount includes all mis- 
 eellaneoiia rents payable not elseirbere provided for. 
 
 Hons A. — Rents for fnmished trfBecs (and for oflee rooms In eSee baHAngs 
 heated and lifted br the landlotd) shoold not be duuged to tiUs aeeeont. bat t» 
 the appropriate fTpfnwe aeeooat. 
 
 Kton B. — Entries in tids aceoant nmst be made in sodi wise as to pcindt as 
 analjFsis ia the annnal report of the eKp<^atioB in accordance with tbe sob- 
 acceonts abore d^bied. 
 
 ^3. SrsKESG Fc20> AccsrAis. 
 
 Charge to this account month by month all accruals required to be made 
 to sinking funds in aeeordanee with the proTisi<»s of mortgages or other 
 ODatraets requiring Oe establishment of rinking funds. AH accruals to sink- 
 ing or other funds created wdnntarily by the corporation and not in puxsn- 
 aaee of the prorisioBS of any mortgage or other sontract or of the reqnire- 
 of law shall be excluded herefrom. 
 
 934. GcABAimss of Pekcoihc Pat^cexts. 
 CSwige to this account all unsecured accruals of obligations ^arising 
 eontraiAB whereby the corporation has guaranteed the aimiuil or aiors fre- 
 fmemt-pmodic payment of money or performanee of other obligation OB fte 
 part of another corporation or person, and because of the default of sach 
 other corporation or penon the lialHlity of the pr«ait corporation has be- 
 eoaae actual. This account does not include such matters as guaranties of 
 paymoit of primeipal of funded debt and other nmilar things relating to a 
 aeries of years, nor does it include any guaranties for which the corporation 
 has protected itself tiirough taking ample security. If insnflieient s ee ui i^ 
 has hem taken in respect of such »»nin«^ or more frequent payments^ the 
 mmstcured portion thereof shall be charged to this account. 
 
54 Public Sekvice Commissio:^, Second District 
 
 925. Loss ON Operations of Otuebs. 
 Whenever in accordance with the terms of any contract the corporation is 
 bound to contribute toward reimbursement of the losses resulting from the 
 operations of others, all liabilities accruing to the corporation from such 
 source shall be charged to this account. 
 
 926. Othee Contractual Deuuctions frou Income. 
 
 Charge to this account month by month all contractual liabilities arising 
 from annual or other more frequent periodic matters and not includible in 
 any of the foregoing accounts. This account includes only deductions from 
 income and not any liabilities arising in exchange for goods or other things 
 purchased. 
 
 927. Amortization of Landed Capital. 
 
 Charge to this account at the close of any fiscal period such portion of 
 the original money cost (estimated if not known) of landed capital as is 
 necessary to cover the proportion of the life thereof expired during such 
 period. 
 
 Note A. — The amounts charged to this account shall be concurrently credited to 
 account No. 374, "Accrued Amortization of Capital ". (See page 27.) 
 
 Note B. — When anj- landed capital expires or is otherwise retired from service 
 (as e. g., through sale), the capital account or other indicant account (if any) 
 originally charged therewith shall be credited with the amount originally charged, 
 the account "Accrued Amortization of Capital " shall be debited with all amounts 
 theretofore credited to such account in respect of such landed capital so going out 
 of service, the appropriate account shall be debited with the proceeds of sale (if 
 any), and any necessary adjustment shall be made through the "Corporate Surplus 
 or Deficit " account. 
 
 928. Amortization of Debt Discount and Expense. 
 
 Charge to this account at or before the close of any fiscal period that pro- 
 portion of the unamortized discount and debt expense on outstanding debt 
 which is applicable to the period. This proportion shall be determined ac- 
 cording to a rule, the uniform application of which during- the interval be- 
 tween the issue anri the maturity of any debt will completely amortize or 
 wipe out the discount at which such debt was issued and the debt expense 
 connected therewith. Such amortization may at the option of the corporation 
 be earlier effected by charging all or any portion of such discount and debt 
 expense to account No. 939, " Other Deductions from Surplus," immediately 
 upon issue of the debt or thereafter. 
 
 929. Amortization of Premium on Debt — Cb. 
 
 C-redit to this account at or after the close of any fiscal period the propor- 
 tion of the premium at which outstanding debt was issued which is applicable 
 to the period. This proportion shall be determined according to a rule, the 
 uniform application of which during the interval between the issue and the 
 maturity of any debt will completely amortize or wipe out the premium at 
 which such debt was issued. Such amortization may at the option of the 
 corporation be ettected by crediting all or any portion of such premium to 
 account No. 931b, " Other Additions to Surplus," only upon the maturity 
 of the debt. 
 
 34. Appropriations. — The balance resulting from closing the foregoing 
 Income Deduction accounts for any fiscal period into Gross Income for that 
 period gives the Net Corporate Income for the period. The net corporate 
 income being of the same nature as the corporate surplus shall be closed into 
 the " Corporate Surplus or Deficit " account. The group of accounts which 
 
Accoryrs fok Elbctmcai. CoKPOKATio3irs 55 
 
 Apv fnr avr fiscal period ttc rliingw n ti« *GMpa»te Suploi or Defiai" 
 ■iiiiiiBBi mi« des^Mlcd tiK 'ApfntKimtiam'' aetoota, far the icaaiH that 
 aateiaaliallT all of tkem are aabject aaij to tlw diseicliaM of tte cocpoFa- 
 tim. ^tibe CMl of cadk fiscal period eack of the 'Jkppto^iatiaa' aeeoota 
 dtaU be doaed iato the '^ C<wporaie Snpfais or Defieif acconat. 
 
 9S. IVfii T ftit TT t if ikpfngriatMB accMntm.— la the foUowiag defiaitiaH of 
 tha AppopriatMNt aceomlB the lettea ajid anmbera prefixed to the titles of 
 the acw iaa t* are iiaetted aoMf for eoancBioiee of lefei e ane aad are ao part 
 of tibe tttles «» off the defiaitkan: 
 
 931a. Bab Dbbxb GauacnBt 
 
 Whea aaj debt theretofcm TrittcB off as a bad ddi is coDeeted, the aMmt 
 of the collectiiw shall be czeditied to Ham aeeoacL Ifwpfw imw^ fc d ia aaah 
 •oBectioa ahall be charge d to thia ag e uwat , 
 
 931bL OndK hmtmams to Scbtlcs. 
 
 Credit to this aeeoaaA all addHioaBto sai^hBB beeaase of i 
 iai; ia prin- fiscal periods, aad all otter additioai to sorplas 
 piwffided far. 
 
 HoaK. — A cs^plete aaativii «f tUs a c roaai wffl be ni| i il red ia aaaaal reporta i£ 
 tmpaaMtma to the PaiOe Senriee Cwiilia L 
 
 93S. BxFESSES Elsevhsxe UAmniittD Foa. 
 
 Chaige to this aeeooat all eipea«A aot durgeable as a part of o pifatia g 
 caiycaaea or of aoa-opcxalJap * iptawis , aaeh aa fiaes ieried oa the eo rp o i alioa 
 for TifdatioB of lav, fn- adafeaaaaeei, for aoahfoaaaaee, «tb, fiaes lewied oa 
 dli a iluis , ofieers, aad oOcr eaipiafeea aad ■iwihiJ bf tte eorporatioa, do- 
 aatioat to faads, to charges aad oither assoeiatiaKi^ aad otho- lilae cm c aies 
 aad oalgoesw 
 
 933. JysrnmsBB on Octsiaxikxc Ssocksw 
 
 Whea aar drridead is declared npon aflyovtstaadiag stocks of the enpo- 
 latxaa, the aBooat of saeh diridead ahall thtunpoa be ihaig e d to thai ae- 
 ooaaL All eatries to tins aeeoaat ihall show tte aasoaat of stock apoa vbidh 
 fla diridead is dedared, the daas off sadt stodc, aad the rate of the dividead 
 aa adl as the aasoaat thvaoff; aad if tte dhridead is paTable ia aagr otter 
 tkias <kui anaer, sadi thii^ shaD be described ia tte catiy witt safiirifat 
 partiealarilN^ to ideatilT it, aad the aetaal aaiaex valae ttereaf AmU bo 
 stated as the aaooat of tte firidead. 
 
 Whea aay diridead is dedared apoa the stocks of the eorporatioa bdd ia 
 its treasai7, tte anonat of sock diridead thcseoa shall be ereditod to tins 
 aeeooat. fiatries of credito to thia aeeiaiat ahaD be ande witt the aaae de- 
 gree of partieBlaritT as is prescribed ia tte preeediag paragraph. 
 
 934. Astemrnuatus EuaEWHiaE UxraonseD FoaL 
 Charge to this accoaat sock aaortixation as is aot dsevhere pnmded for. 
 ma aeeoaat pranrides for all optjoaal anortixatioa, sack as ttat nt diacooat 
 oa stocka ontstaadiag. abaadoaed property, etcL 
 
 9Z5. ArrmartaAnass to Resestes^ 
 Cbaxge to this a cc uuat all optioaal apfn^viatioBS to reserwcs. 
 
 936. GiiTS TO GonraoxxED CoaraaATioxs. 
 Ckaxge to this accoont all ^fis auide br the eorpmrntion to its eoatroDed 
 «orporatk)as, also sadi portion of all adrsaees ttocto aa are aot carried aa 
 
56 Public Sekvice Commission, Second Disteiot 
 
 937. Other Appeopriations. 
 
 Charge to this account all optional appropriations made by the corpora- 
 tion and not elsewhere provided for. 
 
 Note. — A complete analysis of this account will be required in annual reports 
 of corporations to the Public Service Commission. 
 
 938. Bad Debts Written Off. 
 
 Charge to this account the amount by which debts are written oflf from the 
 accounts of the corporation when they become stale and are placed in the 
 " bad debt " class. 
 
 Note. — Such " uncollectible bills " as have been provided for in the heretofore 
 defined " Uncollectible Bills " accounts must not be Included In this account. 
 
 939, Othep Deductions from Subplus. 
 
 Charge to this account all deductions from surplus because of erroneous 
 accounting in prior fiscal periods, and all other deductions from surplus not 
 elsewhere provided for. 
 
 Note. — A complete analysis of this account will be required la annual reports 
 of corporations to the Tubllc Service Commission. 
 
LIST OF ACCOUNTS- 
 
 SCHEDULE A: BALANCE SHEET OK DfDICAJiT ACCOLTfrSu 
 
 Fexss C&rruL. pagb 
 
 £10tL Rze4 Capital. Onrntar 31. 190S • 
 
 £LiOL liud Devvted to Klrctrfc OjWTitiaT • 
 
 ML OtsnustiOB 10 
 
 KUO. Ffffchei (Ekctiic) .^ 10 
 
 ElOS. Patort-nsfcts (Efcctzic) 11 
 
 ElOi. Otfecr iMiaaeJbSe BIcctxie Ca^tal 11 
 
 £12L Gcaoral Strartarea 11 
 
 E12S. G—enJ Eqaiiift 12 
 
 Ei31. JMrnx, CMMMbt, mat npe Limes 12 
 
 E132. Paver Plaat BtilffiBss 12 
 
 £1-Ua. Fmmmsxs. BoOecs. mmA Aecesaoiics 13 
 
 E141bL Steaa ^^iaes 13 
 
 E142. TtoMnes aiad Watcr-vbeeis 13 
 
 K143a. Gas Frodveecs aad A<%e»ories 13 
 
 El-13bL Gas EiagbMs 13 
 
 E144a. mectxic Gcnoatan 14 
 
 E144h^ Anrwmmr Wertric Poser Ff ipi ai 14 
 
 E145u marfllaiM w a Pomer Plaat B«alpaaeBC 14 
 
 £1»L Si*«latioB BrildiBss 14 
 
 E13S. SafcatMtioai BqpipMt 14 
 
 Em. Polea aad Fixtvics .—..... 15 
 
 E1C2. U adnam— a Comamtx : 15 
 
 mOL Ti ■aaMlBiiiiii ^ystan IS 
 
 ElOL DMiSMtiaa Srataat 15 
 
 E1C5. Use TnaaConaos aad Derias IS 
 
 E106L Electrie Scnrieea 15 
 
 E16Ta. Electrie Meters IC 
 
 aaCTk. BlecCric Meter iMtallatioa IC 
 
 KITL Maaiclpal Street Li^tias System lEleetiick IC 
 
 KITS. Co MU>J al Are LsMps IS 
 
 El 73. 0owcr Lmmps !• 
 
 E174. Bl e cti i L Motms aad Hcatos 17 
 
 EITSl Kkitiie TiMis aad lavkeaKats IT 
 
 eifC TkMiii LabocatatT Efatpiaeat IT 
 
 E177- Oaer TaagiHe Bleetiic Cqrttal IT 
 
 E3SL ir >i fcl a«> il a ft aad g ai i eilal««de « ee IT 
 
 ES8S. Law En ieBM Btaies Dwrtag Cu MUtUow . it 
 
 tajaries Dtiag Caailimliua it 
 
 Tnea DaiiBc OaaativetliM is 
 
 MiKcOaaeoas Oiaaliai liua Bxpeaditaies IS 
 
 B286u laUicat Darftig Ouaatiactioa 18 
 
 OIIOl Laad la Otfcer Dep aittaU 18 
 
 OlOS. rtaadUses ia Other Depactaaeats IS 
 
 O103. Fateat-rights la Other P^ga ilaaj ts 19 
 
 OKHL Other lataaeWe Capital ia Other DepaitBcats 19 
 
 012a TaagAle Ca^tal la Other Depa itawj ts 19 
 
 rtOJkTVSQ CkmCAU 
 
 E la Ibtexflala aa« Sapplles 19 
 
 L Ch* 20 
 
 2. mils KecefTaM^ «• 
 
58 Public Service Commission, Second Disteict 
 
 FAGB 
 
 3. Accounts Receivable 20 
 
 4. Interest and Dividends Receivable 20 
 
 5. Other Current Assets 21 
 
 Investments. 
 
 300. Investments 21 
 
 Special Deposits. 
 
 311. Coupon Special Deposits 21 
 
 312. Dividend Special Deposits 22 
 
 813. Other Special Deposits 22 
 
 Prepayment Accounts. 
 
 321. Prepaid Taxes 22 
 
 322. Prepaid Insurance 22 
 
 323. Prepaid Rents 22 
 
 324. Other Prepayments 22 
 
 Suspense Accounts. 
 
 331. Unamortized Debt Discount and Expense 23 
 
 332. Other Suspense 23 
 
 Re-acquired Securities. 
 
 340. Re-acqulred Securities 24 
 
 Debt. 
 
 360. Funded 24 
 
 Unfunded 24 
 
 351. Taxes Accrued 25 
 
 352. Receiver's Certificates 25 
 
 353. Judgments Unpaid 25 
 
 354. Interest Accrued 25 
 
 355. Dividends Declared 26 
 
 356. Bills Payable 26 
 
 E357a. Consumers' Deposits — Electric 26 
 
 357b. Other Accounts Payable 26 
 
 358. Other Unfunded Debt 26 
 
 Reserves. 
 
 Permanent 26 
 
 371. Premiums on Stocks 26 
 
 372. Other Permanent Reserves .- 27 
 
 Temporary 27 
 
 Contractual 27 
 
 Required 27 
 
 374. Accrued Amortization of Capital 27 
 
 375. T'namortized Premium on Del>t 27 
 
 376. Other Required Reserves 28 
 
 Optional 28 
 
 381. Casualties and Insurance Reserve 28 
 
 382. Other Optional Reserves 28 
 
 Stocks. 
 
 390. Stocks 28 
 
 SCHEDULE B: INCOME ACCOUNT. 
 Operating Revenues. 
 
 401. Municipal Street Lighting — Arc 31 
 
 402. Municipal Street Lighting — Incandescent 31 
 
 403. Lighting Municipal Buildings — Electric 31 
 
 404. Municipal Heat and Power — Electric 32 
 
 405. Miscellaneous Electric Revenue — Municipal 32 
 
 406. Commercial Flat Rate Lighting 32 
 
 407. Commercial Flat Rate Power 32 
 
 408. Commercial Metered Lighting 32 
 
 400. Commercial Metered Power 32 
 
 410. Railroad Corporations '32 
 
 411. Other Electrical Corporations 32 
 
List of Accouxts 59 
 
 PACK 
 
 421. Bait of Electric Meters 33 
 
 422. Bait of Electric Appliances 33 
 
 423. Electric Herctumdlse and Jobbing Berenne 33 
 
 424. Sale of Byproducts S3 
 
 425. Joint Electric Bent Bevenne 33 
 
 426. Break-down Service 33 
 
 427. Other Sliscellaneoos Electric Bevenne 33 
 
 Operating Expenses. 
 
 /. Prodmctiom t^pcuz*». 
 
 E501. Station Superintendence and Labor 35 
 
 E502. Fuel for Power 35 
 
 E5u3. Water for Power ". 35 
 
 E504. Lubricants for Power 35 
 
 E505. Production Supines and Station Expense 36 
 
 E307. Bei»airs of Power Plant Buildings 36 
 
 £^508. Bepairs of Pumaces, Boilers, and Accessories 36 
 
 1m09. Bepairs of Steam Engines 37 
 
 E510. B^tairs of Hydraulic Power Plant 37 
 
 E511. Kqiairs of Gas Power Equipment 37 
 
 E512. Bcftairs of Power Plant Electric Equipment 37 
 
 E513. Miscellaneous Station Bepairs 38 
 
 E514. Steam from Otber Sources 38 
 
 E515. Power Gas from Other Sources 38 
 
 E516. Electric Energy from Other Sources 38 
 
 //. TrantmiMsUm Expenses. 
 
 B521a. Transmission Subway Kent 38 
 
 E522a. Transmission Pole and Fixture Bepairs 39 
 
 E523a. Transmission Underground Conduit Bepairs 39 
 
 E524. Transmission System Bepairs 39 
 
 E525. Sub-station Labor 39 
 
 E526. Sob-staticm Supplies and Expenses 39 
 
 B527. Bepairs of Sub-station Buildings 40 
 
 ^28. Bepairs of Sub-station Equipment 40 
 
 ///. Elertric Storage Expenses. 
 
 Eo29. Electric Storage Expenses 40 
 
 IV. DisbUmluM Expenses. 
 
 E531. Electric Distribution Scperintendence 40 
 
 E532. Electric Distribution Becords and Expense 40 
 
 E533. Setting and BemoTing Meters and Transformers 47 
 
 E521b. Distribution Subway Bent 41 
 
 E522b. IMstrlbntion Pole and Fixture Bepairs 41 
 
 Bo23b. Distribution Underground Conduit Bepairs 41 
 
 E534. Distribution System Bepairs 41 
 
 E535a. Bepairs of Electric Services 41 
 
 E535b. Bepairs of Transformers 41 
 
 B536. Electric Meter Operation and Bepairs 42 
 
 F. UtUization Expenses. 
 
 541. Commercial Arc Operation 42 
 
 542. Commercial Arc Bq^lrs 42 
 
 543. Commercial Incandescent Operation 42 
 
 544. Consumers' Installation Expenses 42 
 
 5-.W. Municipal Street Arc Operation 43 
 
 546. Municipal Street Arc Bepairs 43 
 
 547. Municipal Street Incandescent Operation 43 
 
 548. Municipal Street Incandescent Bepairs 43 
 
 VI. Commercial Expenses. 
 
 E551. Commocial Administration — Electric 43 
 
 ECS52. Pranotion Expenses — Electric 44 
 
60 
 
 Public Service Commission, Second District 
 
 PAGET 
 
 VII. Oeneral and Miscellaneous Expenses. 
 
 E832. General OflScers and General Office Clerks 44 
 
 E835. General Office Supplies and Expenses 44 
 
 E836. General Law Expenses 4» 
 
 E837. Miscellaneous General Expenses 45 
 
 E838. Insurance 45 
 
 E839. Relief Department and Pensions 45 
 
 E840. Electric Franchise Requirements 45 
 
 E842. General Amortization — Electric 45 
 
 E845. Electric Expenses Transferred — Cr 46^ 
 
 E846. Joint Operating Expense — Cr 4ft 
 
 E847a. Accidents and Damages 47 
 
 E847b. LaW Expenses Connected with Damages 47 
 
 E848. General Stationery and Printing 48 
 
 EC850. Store and Stable Expenses 48 
 
 E852, Undistributed Adjustments — Balance 4S 
 
 E853. Duplicate Electric Charges — Cr 48- 
 
 Taxks. 
 
 E860. Taxes 4S 
 
 E870. Uncollectible Electric Bills 4l> 
 
 Non-operating Ukvknuks. 
 
 E901a. Rent Accrued from Lease of Electric I'lant ' 4!> 
 
 EfiOld. Miscellaneous Rert R<^venues 50 
 
 E902. Interest Revenues r,0 
 
 E903. Dividend Revenues 5t> 
 
 E904. Profits from Operations of Others 51 
 
 E905. Miscellaneous Non-operating Revenues 51 
 
 Non-operating Rkvknue Deductions. 
 
 910. Non-operating Revenue Deductions 51 
 
 a. Rent Expense 51 
 
 b. Interest Expense 51 
 
 c. Dividend Expense 51 
 
 d. Others' Operations Expense -. 51 
 
 e. Miscellaneous Non-operating Expense 52 
 
 f. Non-operating Taxes 52 
 
 g. Uncollectible Non operating Revenues • 52 
 
 IxcoMB Deductions. 
 
 921. Interest Deductions 52 
 
 922a. Rent for Lease of Other Electric Plant 52 
 
 922. Other Rent Deductions 53 
 
 923. Sinking Fund Accruals 5a 
 
 924. Guaranties of I'eriodic Payments 53 
 
 925. Loss on Operations of Others S-t 
 
 926. Other Contractual Deductions from Income 34 
 
 927. Amortization of Landed Capital 54 
 
 928. Amortization of Debt Discount and Expense 54 
 
 929. Amortization of Premium on Debt — Cr 54 
 
 Appuopbiation Accounts. 
 
 931a. Bad Debts Collected 55 
 
 931b. Other Additions to Surplus 55 
 
 932. Expenses Elsewhere Unprovided for 55 
 
 933. Dividends on Outstanding Stocks 55 
 
 934. Amortization Elsewhere Unprovided for 55 
 
 935. Appropriations to Reserves 55 
 
 93«i. Uiits to Controlled Corporations 55 
 
 937. Other Appropriations 56 
 
 938. Bad Debts Written Off 56 
 
 939. Other Deductions from Surplus 56 
 
27466 
 
 /?6^ CO 
 
 UNIVERSITY OF e\LIFORNL\ LIBRARY 
 
>•.