The commission may establish a system of accounts to be kept by utilities subject to its
jurisdiction, or may classify utilities and establish a system of accounts for each class, and
may prescribe the manner in which such accounts shall be kept. The system established
shall conform as nearly as practicable to the uniform system of accounts prescribed by the
National Association of Regulatory Utility Commissioners, except that the system
established for telephone and telegraph companies shall conform as nearly as practicable
to the system adopted or approved by the Federal Communications Commission and the
system established for gas and electric companies shall conform as nearly as practicable
to the system adopted or approved by the Federal Energy Regulatory Commission.
Effective: July 15, 1986
History: Amended 1986 Ky. Acts ch. 300, sec. 3, effective July 15, 1986. -- Amended
1982 Ky. Acts ch. 82, sec. 27, effective July 15, 1982. -- Amended 1978 Ky. Acts ch.
379, sec. 29, effective April 1, 1979. -- Recodified 1942 Ky. Acts ch. 208, sec. 1,
effective October 1, 1942, from Ky. Stat. sec. 3952-22.
Notes of Decisions
Pub. Serv. Comm'n v. Dewitt Water Dist., 720 S.W.2d 725 (Ky. 1986).
· cites it 3× “KRS 278.220 and the Uniform System of Accounts require the water district to account for depreciation on all classes of depreciable property as an operating expense.”
South Cent. Bell Tel. Co. v. Pub. Serv. Comm'n, 702 S.W.2d 447 (Ky. Ct. App. 1985).
“While we concede that some jurisdictions have recognized that charitable contributions constitute legitimate operating expenses for which the utility is entitled to recover, the Commission has adopted the Uniform System of Accounts, pursuant to KRS 278.220, which treats…”
City of Lexington v. Lexington Water Co., 458 S.W.2d 778 (Ky. Ct. App. 1970).
“KRS 278.220 authorizes the Kentucky Public Service Commission to establish a uniform system of accounts to be kept by utilities and to “prescribe the manner in which such accounts shall be kept.”
Pub. Serv. Comm'n v. Cont'l Tel. Co., 692 S.W.2d 794 (Ky. 1985).
“Continental’s reliance on alleged violation of the uniform system of accounts pursuant to KRS 278.220 is without merit. That system determines how a regulated utility must keep its records.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.