Colorado § 40-4-111 Uniform system of accounts prescribed

Colorado Statutes

§ 40-4-111 — Uniform system of accounts prescribed

Colorado·Title 40 Utilities·Art. Service and Equipment

The commission has
power to establish a system of accounts to be kept by all public utilities, or to
classify said public utilities and to establish a system of accounts for each class,
and to prescribe the manner in which such accounts shall be kept. It may also in its
discretion prescribe the forms of accounts, records, and memoranda to be kept by
such public utilities, including the accounts, records, and memoranda of the
movement of traffic as well as the receipts and expenditures of moneys and any
other forms, records, and memoranda that in the judgment of the commission may
be necessary to carry out the provisions of articles 1 to 7 of this title. The system of
accounts established by the commission and the forms of accounts, records, and
memoranda prescribed by it shall no

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The commission has
power to establish a system of accounts to be kept by all public utilities, or to
classify said public utilities and to establish a system of accounts for each class,
and to prescribe the manner in which such accounts shall be kept. It may also in its
discretion prescribe the forms of accounts, records, and memoranda to be kept by
such public utilities, including the accounts, records, and memoranda of the
movement of traffic as well as the receipts and expenditures of moneys and any
other forms, records, and memoranda that in the judgment of the commission may
be necessary to carry out the provisions of articles 1 to 7 of this title. The system of
accounts established by the commission and the forms of accounts, records, and
memoranda prescribed by it shall not be inconsistent in the case of corporations
subject to the provisions of the federal Interstate Commerce Act, Part I, 49 U.S.C.,
sec. 1 et seq., with the systems and forms from time to time established for such
corporations by the surface transportation board; but nothing contained in this
section shall affect the power of the commission to prescribe forms of accounts,
records, and memoranda covering information in addition to that required by the
surface transportation board. The commission, after hearing upon its own motion or
upon complaint, may prescribe by order the accounts in which particular outlays
and receipts shall be entered, charged, or credited. Where the commission has
prescribed the forms of accounts, records, or memoranda to be kept by any public
utility for any of its business, it shall thereafter be unlawful for such public utility to
keep any accounts, records, or memoranda for such business other than those so
prescribed, or those prescribed by or under the authority of any other state or of the
United States, excepting such accounts, records, or memoranda as are explanatory
of and supplemental to the accounts, records, or memoranda prescribed by the
commission.

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Legislative History

Source: L. 13: p. 480, � 33. C.L. � 2944. CSA: C. 137, � 34. CRS 53: � 115-4-11. C.R.S. 1963: � 115-4-11. L. 2001: Entire section amended, p. 1281, � 60, effective June 5.