§  32.7990   Nonregulated net income.

   (a) This account shall be used by those companies who offer
   nonregulated activities that do not involve the joint or common use of
   assets or resources used in the provision of both regulated and
   nonregulated products and services, and which have not established a
   separate subsidiary for that purpose.

   (b) All revenue and expenses (including taxes) incurred in these
   nonregulated activities shall be recorded on separate books of account
   for such operations. Only the net of the total revenues and total
   expenses shall be recorded in this account, with a contra debit or
   credit to account 1406.3.

   [ 52 FR 6562 , Mar. 4, 1987]

Subpart G—Glossary