Topic:"Depreciation Amortization" in M08888

- Using Central's performance after 2005 (when the Market Street store and the distribution centre at Lower South River began to operate) as a guide, PwC estimated the profits that would have been earned had Central established its planned...

AI summary PwC estimated the financial impact of not establishing the planned distribution centre and retail outlet at Lower South River at the start of 2001, considering factors such as inflation, smaller-than-planned distribution centre size, lost vendor discounts, and incremental operating costs. These estimates were adjusted in supplementary reports and accepted by the Board as 'past losses'.

(The table of contents is not part of the statute) Section Short title . 1 Interpretation - Powers and Duties of the Board Expenses of Board . 15 Payment and recovery of amount assessed . 16 Expenses of annual report . 17 Supervision of ut...

AI summary This section outlines the structure and content of the legislation, covering the Board's powers and duties, financial and operational requirements for utilities, valuation processes, depreciation regulations, and rate-setting procedures. It includes specific provisions for annual reports, capital expenditures, and regulatory oversight.

Power to determine value of property of utility 30 (1) The Board may at any time, with the assistance of such engineers, accountants, valuators, counsel and others as it deems wise or advisable to employ, inquire into and determine the ext...

AI summary The Board has authority to determine utility property values using prudent original cost or prescribed methods, deducting depreciation calculated via straight-line or other methods, and may establish rules for these inquiries. This power is codified in R.S., c. 380, s. 30.

Regulations respecting depreciation 40 The Board may also prescribe rules, regulations and forms of accounts regarding depreciation which a public utility is required to observe, carry into effect and follow. R.S., c. 380, s. 40.

AI summary The Nova Scotia Utility and Review Board (UARB) is authorized to establish rules, regulations, and account forms related to depreciation for public utilities, ensuring compliance with R.S., c. 380, s. 40. This provision outlines the Board's regulatory authority over depreciation practices in the utility sector.

Rates of utility to include allowance for depreciation 41 In fixing rates, tolls and charges to be paid to a public utility for any service, the Board shall include proper allowances for depreciation. R.S., c. 380, s. 41.

AI summary The Board must include proper allowances for depreciation when setting utility rates, as mandated by R.S., c. 380, s. 41. This ensures fair compensation for utility assets over time.

[TRADUCTION] - a) du coût du bien lors de son affectation initiale à l'utilisation publique et de sa juste valeur d'acquisition pour le propriétaire du service de gaz, moins la dépréciation, l'amortissement et l'épuisement; - b) du capital...

AI summary The text discusses the valuation of public utility assets, emphasizing the necessity of capital and fair returns for investors. It argues that allowing public utilities to profit from asset sales ensures investment, while distributing profits to customers may undermine investment processes. References to MacAvoy and Sidak highlight potential investor behavior impacts.

F. L'argumentation d'ATCO Les principaux arguments d'ATCO ont pour la plupart été abordés, mais, par souci de clarté, je les rappellerai. ATCO ne conteste pas vraiment le pouvoir de la Commission d'assortir de conditions la vente d'un terr...

AI summary ATCO argues that the Commission violated its property rights by allocating land sale profits to customers, claiming ownership of the land and disputing retroactive rate adjustments. It also contends amortization rules exclude land from rate structures and criticizes the Board's asymmetrical burden on ratepayers. The Commission's decision is deemed reasonable within regulatory precedents.

includes Board of Public Utility Commissioners v. New York Telephone Co. , 271 U.S. 23 (1976), a decision relied upon in this case by ATCO. In that case, the Supreme Court of the United States said: Customers pay for service, not for the p...

AI summary The text references Board of Public Utility Commissioners v. New York Telephone Co. (1976), where the U.S. Supreme Court held that regulators cannot retroactively adjust past rates. It distinguishes this from the current case, where ATCO's 2001 sale approval was prospective and not contested. The focus is on rate regulation principles and jurisdictional limits.

3. Le terrain en tant que bien non amortissable La Cour d'appel de l'Alberta a établi une distinction entre le profit tiré de la vente d'un terrain, dont le coût historique n'est pas amorti (et qui n'est donc pas graduellement remboursé pa...

AI summary The Alberta Court of Appeal distinguished profits from land sales (non-depreciable assets) versus depreciable assets like buildings in rate-making. It supported the Commission's inclusion of building amortization in rates but not land. ATCO's land was valued at $83,720 (historical cost), while buildings had a net book value of $141,525 after amortization. Regulatory precedents like Re Boston Gas Co. and SoCalGas show regulators often treat land sales similarly to depreciable assets.

Powers of Board 36 The Board, on its own initiative or on the application of a person having an interest, may by order in writing, which is to be made after giving notice to and hearing the parties interested, - (a) fix just and reasonable...

AI summary The Board may set gas utility rates, depreciation methods, and service standards, requiring compliance. A French clause restricts share transfers exceeding 50% ownership without Commission approval, aiming to prevent monopolistic control.

Pouvoirs de la Commission 36 La Commission peut, d'office ou à la demande d'un intéressé, par ordonnance écrite, après avoir donné un avis aux personnes intéressées et les avoir entendues, - a) fixer des tarifs individuels ou conjoints, de...

AI summary The Commission has authority to set gas utility rates, establish depreciation methods, enforce infrastructure maintenance, and mandate service standards. It may also require gas suppliers to deliver gas under specified terms, ensuring compliance with regulatory requirements and fair practices.

Fixing of rates 89 The Board, either on its own initiative or on the application of a person having an interest, may by order in writing, which is to be made after giving notice to and hearing the parties interested, - (a) fix just and rea...

AI summary The Board has authority to fix rates, depreciation methods, service standards, and require facility extensions for public utilities. It may act on its own initiative or upon application, ensuring compliance with legal provisions and financial feasibility.

Établissement des tarifs 89 La Commission peut, d'office ou à la demande d'un intéressé, par ordonnance écrite, après avoir donné un avis aux personnes intéressées et les avoir entendues, - a) fixer des tarifs individuels ou conjoints, des...

AI summary The Commission has authority to set just and reasonable rates, depreciation methods, and service standards for public utilities. It may also require infrastructure expansion if deemed reasonable and financially justified by the utility owner.

Base tarifaire 90(1) Pour fixer des tarifs, des taux ou des charges justes et raisonnables, ou leurs barèmes, opposables au propriétaire d'une entreprise de services public et applicables par lui, la Commission établit une base tarifaire p...

AI summary The text outlines the process for establishing a fair rate base for public utilities in Alberta, considering factors like initial costs, depreciation, working capital, and ensuring a just return for owners. The Commission evaluates these elements to determine equitable rates and charges applicable to public utility owners.