Or. Admin. Code § 860-036-2390

Current through Register Vol. 63, No. 10, October 1, 2024

Section 860-036-2390 - Accounting for Construction Work in Progress (CWIP)

(1) This rule applies to rate-regulated water utilities.

(2) CWIP is an accounting treatment for capital improvement projects under construction, but not yet placed in service. The treatment allows rate-regulated water utilities to place recoverable capital improvements costs into plant. The Commission may approve the cost of a specific capital improvement project into rates if:

(a) The capital improvement project is under construction;

(b) The water utility uses the additional revenues solely for the purpose of completing the capital improvement project;

(c) The water utility demonstrates that it is in the public interest to provide funding for the capital improvement through rates; and

(d) The costs are approved by the Commission.

Or. Admin. Code § 860-036-2390

PUC 1-2017, f. & cert. ef. 1/24/2017

Stat. Auth.: ORS 183, 756, 757

Stats. Implemented: ORS 756.040, 757.120, 757.355