NAC704.7594. Maintenance of separate accounting records.

     1. A local exchange company shall identify and keep separate all accounting records for the plant, expenses and all other activities that relate to the provision of a service that has been exempted from tariff or totally deregulated pursuant to the Uniform System of Accounts, 47 C.F.R. § 32.23, from the accounting records for the plant, expenses and all other activities relating to the provision of regulated service pursuant to the Uniform System of Accounts, 47 C.F.R. § 32.14.

     2. The Commission will not allow total deregulation if the accounting records that relate to the service to be totally deregulated are not kept separate from the accounting records that relate to the regulated operations of the local exchange company.

     3. The Commission will not allow exemption from tariff if the accounting records that relate to the service to be exempted from tariff are not kept separate from the accounting records that relate to the other regulated operations of the local exchange company.

     (Added to NAC by Pub. Service Comm’n, eff. 1-23-87; A 1-11-91)