§ 8-1-2-23 — Construction accounts; additions or extension; approval by commission

The commission shall keep itself informed of
all new construction, extensions and additions to the property of such
public utility and shall prescribe the necessary forms, regulations and
instructions to the officers and employees of such public utility for the
keeping of construction accounts which shall clearly distinguish all
operating expenses and new construction. Unless a public utility shall
obtain the approval by the commission of any expenditure exceeding
ten thousand dollars ($10,000) for an extension, construction, addition
or improvement of its plant and equipment, the commission shall not,
in any proceeding involving the rates of such utility, consider the
property acquired by such expenditures as a part of the rate base, unless
in such proceeding the utility shall show that such property is in fact
used and useful in the public service; Provided, That the commission
in its discretion may authorize the expenditure for such purpose of a
less amount than shown in such estimate.
Formerly: Acts 1913, c.76, s.26; Acts 1933, c.190, s.5.