Topic/Matter Intersection

Topic:"Accounting Policies" in M03672

Matter: E-BER-R-10 - Berwick Electric Light Commission - Interim Application to offer rates to commercial  customers that will incent peak demand reductionIN THE MATTER OF THE APPLICATION by the TOWN OF BERWICK, on behalf of its ELECTRIC COMMISSION, for approval of an amendment to its Schedule of Rates for Electric Supply and Services.
1 passage 1 document

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B-2-(a)Town of Berwick Financial Statements - March 31, 2010 1 passage
Preamble
Capital assets and projects in progress are recorded at the utility's gross cost. Interest incurred during construction on significant utility capital projects is capitalized. Interest is calculated at the prevailing prime rate for project...

AI summary The document outlines the accounting treatment of capital assets and projects in progress, noting that they are recorded at the utility's gross cost. Interest incurred during the construction of significant utility capital projects is capitalized at the prevailing prime rate.

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