Section 15-3906. TRANSFER OR SALE OF ASSETS

Latest version.

3906.1Transfers of assets from an energy utility to an affiliate must be recorded on the utility’s books at the greater of net book cost or market value. Transfers of assets from an affiliate to the energy utility shall be at the lesser of net book cost or market value. Such asymmetric pricing shall not apply to any transaction resulting from a competitive bidding process.

authority

The Public Service Commission of the District of Columbia (Commission), pursuant to its authority under D.C. Code § 34-301 (2010 Supp.) and D.C. Code §§ 34-802 and 34-1513(c) (2001).

source

Notice of Final Rulemaking published at 58 DCR 1109, 1114 (February 4, 2011).

                    
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